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News posted on Tuesday, 9 December 2014

Yealands Wine hires UBS for capital raising advice
Yealands Wine Group, New Zealand's sixth-largest wine exporter, has hired investment bank UBS to advise on capital-raising options, including an initial public offering to expand its vineyard assets and grape supply. The company, which is majority owned by founder Peter Yealands, didn't give a capital raising target. Yealands Wine was created in 2011 through the merger of Yealands Estate Wines and Ager Sectus Wine Estates.

Conviction for refusing to spray vines with pesticides is overturned in Burgundy
Few wine drinkers consider pesticides a required ingredient but a vineyard owner in Burgundy had to resort to the courts to uphold his right to keep them from his latest vintage. Emmanuel Giboulot, 53, won broad support last year when he refused a government edict to spray pesticide on his vines near Beaune in the celebrated Côte d'Or region of France.

Wine app Drync delivers wines to consumers local shop
US wine app Drync has launched a new feature that allows customers to buy online and have their wine shipped to a local wine retailer for pickup - a move it claims turns local shops into the world’s largest wine store. The new feature will turn local wine shops into a network, Drync claims, making up the world’s largest wine store and offering 30,000 wines for delivery and local pick up.

The great grape divide is a source of debate for Pennsylvania wineries
One of the issues that will continue to divide the Pennsylvania Winery Association is grape sourcing. Various states legislate the percentage of grapes that a winery can use to make its wines. As an example, wineries with a farm license must use 100 per cent grapes sourced from New York state. Otherwise, as per federal laws, in order to label something a New York wine must contain at least 75 per cent of the grapes from in-state.

Organic certification opens Chinese market for SA Winery
Temple Bruer Winery estimates as much as a 25 per cent boost in its export market after attaining full organic certification in China. The winery has become the first NASAA Certified Organic operator to attain full organic certification under the NASAA – CHC Global Organic Market Access Agreement. David Bruer, Temple Bruer owner, estimates achieving Chinese organic certification via NASAA could be worth more than $760,000 annually.

New book reveals Tasmania's key role in Australian wine industry
Tasmania's importance in creating some of the country's best-known wine regions has been outlined in a new book launched in Hobart. Historian Tony Walker has spent the past four years writing the first history of the state's wine industry. His book - Vintage Tasmania - has revealed little known facts about the early industry and its chequered past.

Wine advice from Wolf Blass chief winemaker Chris Hatcher
All rules are made to be broken, but any wine and food combination must always be in balance without domination from either. Find wines you like and then experiment with different food styles to find the combinations you like. One wine rule that doesn’t apply in Australia is red wine should be served at room temperature — red wines should only be served at 18-20C.

Top grapes strengthen their grip
Global wine production is showing signs of increasing homogeneity as international varieties expand their share of the world’s vineyards. A study published in the latest issue of the Journal of Wine Economics reported that, despite “the competitive challenges for producers seeking to differentiate their product”, the 35 most widely planted grape varieties saw their share of the global vineyard area rise from 59% in 2000 to 66% by 2010.

AGWA releases discussion paper for five-year strategic plan
The Australian Grape and Wine Authority (AGWA) today released a paper to stimulate discussion with grape and wine levy payers ahead of developing AGWA’s ‘Strategic Plan 2015–2020’. Brian Walsh, AGWA chair, said Australia had the resources and capability to be recognised internationally as the world’s pre-eminent wine producing country.

Emirates invest in NZ wines
Emirates has unveiled details of its more than half a billion dollar "liquor investment" program. The airline says that on any given day, more than 60 different wines, champagnes and ports, sourced from vineyards in 11 countries, including New Zealand, are served on-board Emirates to passengers throughout their planes.

Best Australian wines of 2014: from Shiraz to Gruner Veltliner
There's a story about the 2014 harvest that beautifully – and painfully – puts the year's harvest across much of Victoria into perspective. A Mornington Peninsula winemaker with 6.8 hectares of vines, knowing full well his crop would be low due to poor fruit set at flowering, put out his 400 kilogram bins and started picking. He filled just one bin, and there were many Victorian winemakers who shared his pain. Overall, the Australian wine industry took in 1.7 million tonnes of grapes, which was less than last year but wasn't enough to reduce its oversupply issues.

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