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News posted on Tuesday, 12 July 2016

Heath Wines wins $250k insurance bid over money lost to US buyer who failed to pay for wine orders
A SOUTH Australian winemaker has successfully sued its international insurance company for $250,000 after it refused to cover money lost when a US buyer failed to pay for wine it had ordered. Adelaide company Heath Wines took its US-based insurance company, Atradius Credit Insurance, to the SA District Court to recover $284,000 in unpaid money owed by Vinocopia.

Australia’s Petaluma makes return to UK market
Australian wine brand Petaluma is making a return to the UK market after after a four year absence, appointing Bancroft Wines its exclusive UK distributor. Based in the Adelaide Hills, Petaluma was last represented in the UK four years ago by Bibendum. This month it will make its return to the UK with Bancroft Wines.

Granite belt wine industry wins big at RNA awards
WINEMAKERS on the Granite Belt are rejoicing after local vineyards took home big accolades in the Brisbane RNA wine awards last week. Granite Belt wineries claimed a total of 19 medals of the 21 which went to Queensland wineries in the RNA, which was announced on Friday. A massive 11 of those went to Symphony Hill Wines. Symphony Hill winemaker Mike Hayes said the win was “surreal” for their team. “We’re sort of pinching ourselves,” Hayes said Symphony Hill winemaker Mike Hayes was thrilled after winery's big wins last week. “It’s incredible.”

Shiraz impresses judges
Norfolk Rise Vineyard has attained one of Australia’s top wine awards this week when it claimed a trophy at the 2016 Royal Queensland Wine Show. The Trophy was awarded to Norfolk Rise Vineyard for their 2015 Shiraz, claiming ‘best Shiraz of show’ with 96 points, outperforming over 400 other Shiraz entries from across the country.

Delegat revises forecast full-year profit to 37 million on record case sales
Delegat Group, New Zealand’s largest listed wine company, has revised its forecast net operating profit for the 2016 financial year up $1 million to $37 million on record case sales. Net profit is expected to be $54 million for the year ended June 30, including a $17 million fair value adjustment to biological assets such as its vines and grapes Delegat said in a statement to the NZX. It also said it achieved record case sales of 2.4 million for the year, up 9 percent on last year.

Wanaka "black label'' Pinot Noir wins top award in London
One of Wanaka's pinot noir secrets - Akitu A1 2014 - is out of the bottle. Hawkesbury Estates' Akitu A1 2014 won four awards at the acclaimed International Wine Challenge in London on July 7, including the New Zealand Pinot Noir Trophy and the IWC Sustainable Trophy. For Hawkesbury's vineyard manager, Steve Blackmore, the wins are just reward for more than 10 years of patient management. "There are a lot of awards out there and this is one of the best," he said.

California wine sales hit record-high sales volume
California wines sales both domestically in the US and international hit a record of 276 million cases in 2015, with an estimated retail value of US$31.9 billion, according to the Wine Institute located in California. Of the record breaking numbers 229 million cases were shipped domestically. “California wines continue to attract global recognition for their outstanding quality and value.”

Brexit vote sparks uncertainty in Bordeaux
In the early hours of June 24, the mobile phones of executives at BI began buzzing with e-mail alerts. BI is a London-based wine merchant, known until recently as Bordeaux Index, and the messages signalled heavy trading on their Internet platform. "The [Brexit] referendum results had come in and the guys in Hong Kong were trading, bang, bang, bang, £100,000, £100,000.”

Majestic Wine picks up high street chain of the year award
Majestic scooped the top prize for High Street Chain of the Year award at the recent International Wine Challenge Merchant Awards. Now the UK’s biggest specialised wine retailer, they were credited for their transformational strategy devised with the intention of making it easier for their customers to find the wines they want with the help of over 900 team members and connoisseurs.

ProWine confirms Hong Kong fair in 2017
ProWine, the Asian version of the world’s largest wine and spirits fair – ProWein, has announced it will launch its first Hong Kong fair in 2017. Since 2013, ProWine holds an annual fair in Shanghai – ProWine China, and earlier this year ProWine Asia was launched in Singapore. ProWine Asia will now launch in Hong Kong in 2017, and will then alternate between Singapore on a bi-annual basis.

Jodie Opie joins Evans & Tate
Evans & Tate announced Jodie Opie has joined their wine production team in the role of winemaker. Growing up in Perth, Opie completed a Bachelor of Science (Human Biology) at Edith Cowan University before moving to Adelaide to study a Bachelor of Science (Oenology) at Adelaide University.

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