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News posted on Wednesday, 22 April 2015

Spotlight on wine industry in Margaret River
THE Margaret River wine region will be put under the spotlight as part of a senate inquiry into the Australian wine sector. The inquiry will examine the costing and potential rebate for Australian wine. WA senator Dean Smith co-sponsored the motion after seeing the demand for WA wine to be exported to China. The focus of the inquiry will be on the impact of free trade agreements, the Wine Equalisation Tax rebate and production costs.

High prices at Barossa wine auction
A LIVE auction which offered some of Australia’s oldest and rarest wine has seen spirits soar and records broken. Supported by Langton’s, the Barossa Wine Chapters Auction opened online for bidding in early April before wrapping up with a live auction and lunch on Friday 17 April in the Barossa. More than 410 attendees were given the unique opportunity to buy large formats of wine, rare experiences and exclusive back vintage releases with perfect provenance direct from wineries.

Hunter Valley overtakes Marlborough as leading region on NSW wine lists
The Hunter Valley has taken over from New Zealand’s Marlborough as the number one wine region represented on New South Wales wine lists with 7.8 per cent of all listings, up 21 per cent on last year. The findings were revealed in the latest Wine Business Solutions Wine On-Premise Report 2015 which reviews wine lists from all over Australia. Listings from NSW Wines were up six per cent on last year, being the only state to show growth.

Wine in spotlight at Australian culinary exhibition
The Australian Embassy introduced on Tuesday its premium food and beverage products to Indonesia through the Australian Culinary Trails which will be held for the second time this year from April 21 to 26 at the Grand Indonesia Mall in Central Jakarta. "We see great potential to increase our engagement in the food sector and hope these events will open up the opportunities for the industry of both in Australia and Indonesia," Australian Ambassador to Indonesia Paul Grigson said.

Mornington Peninsula's wine tourism goes to new level with Crittenden's cellar door launch
The Crittenden winemaking family has been coming up with surprises since they got into the game, and now they’ve got another, writes Marguerite Winter. The dam that Garry Crittenden created in 1981 is now a serene lake in a landscaped setting. The spacious decks of three boat house-style guest villas lap its edges and, across the lawn and skirting a vineyard, is Stillwater restaurant, a Mornington Peninsula landmark, and perfect for a spot of lunch after a tasting at the nearby cellar door.

Bulk Sauv sells for double due to low crop
Marlborough Sauvignon Blanc is fetching big money on the bulk market after the crop for 2015 came in under target. After last year's bumper harvest, which saw Marlborough wineries bring in a record 329,572 tonnes of grapes, the price of 2014 vintage Sauvignon Blanc on the bulk market dropped to $2 per litre. A year later, the average price for 1 litre is sitting at about $5. Wine Marlborough board chairman Clive Jones said while most wineries had come in on target, or just below, overall the volume of grapes harvested was "significantly smaller" than last year.

Trade talk: What’s next for New Zealand?
Sauvignon Blanc might be the darling of New Zealand, but this rugged winemaking region is far from a one trick pony. True, the aromatic variety accounted for 72.2 per cent of the country’s total harvest in 2014 and 85.5 per cent of its exports, (New Zealand Winegrowers 2014 annual report), but this southern hemisphere outpost has far more to offer than Marlborough Sauvignon. Having established a stellar reputation for the variety on the world stage, its premium heartland of Marlborough is now almost completely planted – which begs the question of which regions and varieties will producers now choose to invest in?

The revolution of the global wine market
For over 15 years, Agrifrance, a specialist division of BNP Paribas Wealth Management, has published an annual report on France’s rural economic situation, providing insights into rural property investment. This year’s report focuses on the major changes that have taken place in the global wine market over the past 20 years such as the arrival of wines from the New World and the rise of new consumers, according to BNP Paribas.

Online wine auctions wooing new collectors
Will a new generation of online auction bidders bypass traditional favourites Bordeaux and Burgundy? It has become a familiar trope that we're living in a golden era of wine appreciation, with a higher level of quality and wider range of choices than ever before. Given the power of Google – and Wine Searcher – we have more information at our fingertips than any previous generation of drinkers.

Swiss wine consumption falls to record low
Last year 264 million litres of wine were consumed in Switzerland, 7.5 million litres less than in 2013, a drop of 2.8 per cent. Swiss wines suffered more than foreign ones – a result blamed on poor recent harvests. Wine consumption has been dwindling in Switzerland for years, although 2013 saw a one-off rise. While total white wine consumption (domestic and imported) fell 1.7 per cent last year, total red wine consumption fell 3.3 per cent, according to figures released on Tuesday by the Federal Office for Agriculture.

US overtakes France as world's foremost wine consumer
The top 5 key trends in today's global wine market: Exports have doubled over the past 20 years with Europe maintaining its position as the global leader, exporting 58 per cent of its annual production while newer wine-producing countries (New Zealand, Chile, Australia and South Africa) have increased their export volume by 370 per cent. The United States has also overtaken France as the world's foremost wine consumer, with average annual consumption of 12 litres per person.

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