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News posted on Friday, 21 October 2016

Innovative businesses honoured in the inaugural Wine Industry Impact Awards
A group of leading businesses are the toast of the Australian wine sector as winners of the inaugural Wine Industry Impact Awards. The awards, an initiative of Wine Industry Suppliers Australia (WISA), were presented in a glittering ceremony at the National Wine Centre in Adelaide last night. The gala event showcased business excellence and innovation in improving the competitiveness and capability of the nation’s grape and wine industry. Just over 300 industry leaders from across the country’s grape and wine value chain attended the awards presentation hosted by Corrina Wright from Oliver’s Taranga Vineyards.

Australia’s highest priced wines drive strong export growth
Australian wine exports’ double-digit growth continued in the 12 months to 30 September 2016 according to Wine Australia’s Export Report, released today. From October 2015 to September 2016, the value of exports grew by 10 per cent to a total value of $2.17 billion, with growth again being primarily driven by bottled exports, particularly at higher price points. Bottled exports grew by 14 per cent to $1.8 billion and the average value of bottled exports increased by 9 per cent to $5.47 per litre, a 13-year high.

Australian Vintage in new profit warning
Australian Vintage, maker of wines such as McGuigan, Tempus Two and Nepenthe, has issued its second profit warning in three months amid the economic fallout from the UK’s Brexit vote. Shares in Australian Vintage (AVG) sank 10 per cent after the company warned the continued fall in the value of the British pound, which has already sunk as much as 34 per cent against some currencies, would see the winemaker’s profits drop by between $3.5 million to $4 million.

Asia-pacific regulators meet to grow international wine trade
Pacific Rim officials and industry representatives met in Ottawa, Canada to streamline import-export requirements and reduce costs for governments and winemakers. The Winemakers Federation of Australia (WFA) were amongst more than 60 wine regulators and wine industry representatives from 14 nations who gathered at the Asia-Pacific Economic Cooperation (APEC) Wine Regulatory Forum's (WRF) 6th Annual Technical Meeting on "Winemaking Practices and International Trade" to share good regulatory practices on wine certification, laboratory analysis and winemaking practices in the important trade region.

West Australian Cabernet Sauvignon awarded coveted Jimmy Watson Memorial Trophy
For the first time since 2010, the Jimmy Watson Memorial Trophy, Australia’s most coveted wine award which recognises the Best Young Red Wine has been won by a Cabernet Sauvignon, with Western Australia’s Deep Woods Estate 2014 Reserve taking home the illustrious honour at last night’s 2016 Royal Melbourne Wine Awards (RMWA). Deep Woods also took home the trophy for Best Cabernet Sauvignon for the same wine, whilst other major trophies were spread across the country. The François de Castella Trophy for Best Young White Wine was awarded to Victoria’s Seville Estate for their 2015 Chardonnay.

Building bridges through wine
John Belsham has been producing fine wine for 40 years. His American-born partner Kelly Brown has a passion for exceptional customer experience. Together they’ve created a tasting room in Ponsonby that’s fast becoming an urban legend. My first question for John Belsham and Kelly Brown, the couple behind The Foxes Island Tasting Room (link is external) in Auckland’s Ponsonby, is “how did you first meet?” Turns out, it was a shared passion for wine that brought the Kiwi and American together.

Marlborough sub regions need ‘quality controls
Marlborough has achieved global success with its Sauvignon Blanc, but producers should be working harder to communicate sub regional differences rather than blending across the region, believes one winemaker. Winemaker Matt Thomson, who has worked as an international wine consultant for the past 20 years, released the first vintage of his Blank Canvas range in 2013, having founded the brand with his wife, MW student and director of the company Sophie Parker-Thomson.

El Nino suspected as world wine output drops
Global wine production in 2016 is expected to be among the lowest in 20 years, an industry body said Thursday, suggesting climatic events such as El Nino could be to blame. The International Organisation of Vine and Wine (OIV) estimated this year's output at 259 million hectolitres (Mhl; there are 100 litres in a hectolitre), a year-on-year drop of five percent. This worldwide annual total, released at a news conference in Paris, is among the three lowest since 2000.

Report: Greek wine shows resistance to the crisis
Greek wine is not only resistant during the crisis but managed to grow despite adverse economic conditions prevailing in the country and the imposition of "unfair and counter-development" taxes, Stelios Boutaris, president of the Wine Producers Association of the Northern Greece Vineyard (ENOABE) said. peaking to reporters, Boutaris noted: "I dare to say that the crisis has done good to the Greek wine, despite problems and an unfair and counter-development tax imposed...During the crisis, Greece was at the front page of news around the world and we see that in the last few years people abroad are searching for good Greek stories. Greek wine is one of these good stories. The quality of Greek wine has risen sharply, at this point you don't see any bad wines, you can find non interesting wines, but not bad".

Is the red wine compound resveratrol a miracle drug for infertility and ageing?
“A glass of red wine a day could keep polycystic ovaries at bay,” said a news headline this week. This and similar reports were based on research from a team in Poland and California that showed high daily doses – 1,500 mg – of a natural compound found in red wine, called resveratrol, could lower steroid hormone levels in women suffering from polycystic ovarian syndrome (PCOS). This, in effect, should lower symptoms of PCOS including weight gain, excess hair, infertility and abnormal menstrual cycles.

Acquisitions and partnerships: Alhambra, Calabria Wines and AdVini
A leading Spanish brewery, a French wine company and New South Wales winemakers have announced new partnerships and takeovers this week in the hope of extending their reach to key international markets.

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