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News posted on Wednesday, 25 January 2017

Ciobo says hope among agricultural sectors for TPP
Australia's Trade Minister says a version of the Trans-Pacific Partnership (TPP) '12 minus one' could still be an option for the remaining countries wishing to ratify a deal. It's been referred to as 'the dodgiest deal you've never heard of' and now, Fact Check answers your questions on the TPP. With US President Donald Trump officially pulling the USA out of the 12-country agreement, Steve Ciobo said the agreement represented some significant gains, and a number of countries still supported the deal.

Changes at accolade wines ahead of IPO
Accolade Wines CEO-in-waiting Michael East has taken over the top spot in the Australian wine company, it has been confirmed. East was appointed to the role as deputy chief executive in August after outgoing CEO Paul Schaafsma signaled his intent to step down following Champ confirming it was planning to list Accolade on the IPO. Schaafsma has allegedly announced to the board he would remain in the role until the conclusion of Champ’s ownership, which is not expected to happen before the end of the first half of 2017. According to papers filed at Companies House in the UK in November, Schaafsma ceased to be a director of the UK business on November 11, but a spokesman for the company at the time told db at the time this was merely “part of the ongoing transition”. However it was confirmed today that East, who joined the business in 2012 and became general manager of its Australian and Asian business, was officially appointed CEO in September, with a handover period.

There’s an app for that, too
The technology to help the wine and grape community get through the 2017 vintage fits into a pocket. This week has delivered the latest news on two phone apps, one for grapegrowers and one for winemakers. One will help winemakers manage ferments in vintage 2017, the other has been designed to help grapegrowers monitor water stress in their vineyards. The Australian Wine Research Institute (AWRI) has launched an online version of a Ferment Simulator –allowing winemakers to track ferments online and identify problem ferments earlier.

Granite Belt vineyards thrive through summer
While the recent high temperatures may have taken a toll on residents, Granite Belt wineries have thrived under the conditions. Symphony Hill winemaker Mike Hayes said the higher than average temperatures haven't had a great affect on Granite Belt grapes, unlike other wineries around the country. "It hasn't really affected the grapes to a degree,” Mr Hayes said. "The heat hasn't been as bad as in other parts of Australia. "South Australia is experiencing 43 and 44 (degrees), they're having some issues down there because the vines are racing through in maturity and what can happen is all varieties can come in at once.”

3 ASX shares with big overseas potential
Treasury Wine Estates is Australia’s listed wine giant with brands such as Penfolds and Yellowglen, it has a market capitalisation of $8.2 billion. The Australia & New Zealand region is the third highest earning region for Treasury Wine Estates, with the Americas and Asia earning more. Thanks to its purchase of Diageo Wine, it managed to more than double its net profit after tax and earnings per share with the dividend increasing by 43% last year. Treasury Wine is trading at 29.6x FY17’s estimated earnings with a dividend yield of 1.81%.

Decibel Wines among new generation of wineries
It's something of an irony that youthful ideas and energy built the modern wine industry, but now young people find it hard to get a look in. Those days of hell-for-leather growth driven by youthful adventurers have been replaced by a surfeit of corporate blandness. Smaller wineries are being swallowed by big players, resulting in fewer jobs. The high prices of vineyard land makes it harder for those without fat bank accounts to do their own thing. And yet some are finding a way. They operate in the shadows of the labels created by the preceding generation, doing it tough but at the same time doing very good, exciting things.

Spotlight on NZ wine
New Zealand is under the spotlight as a world-class wine producer over the next two weeks. An influx of international media and wine trade are arriving to attend a series of events that will showcase the country’s diverse regions and wine styles. New Zealand Winegrowers are hosting over 90 international wine experts from around 20 countries at several events across the country including the Aromatics Symposium in Nelson, Pinot Noir NZ 2017 in Wellington, and Classic Reds in Hawke’s Bay.

How to improve the use of social media in the wine business?
For over 3 years, we have worked closely with the Burgundy School of Business both as a company – hiring interns to work with the EWBC, and as a research engine – helping us conduct field studies on various subjects. This year, Aymeric Dehont conducted a host of research for us, which eventually inspired him to create a paper on the fragile relationship between wine and social media. We appreciate Aymeric’s hard work putting together his thoughts and trust you will share your feedback with him. Keep in mind this is from a very European perspective.

Expanding World of Wine Takes You to Unexpected Places
Never before have so many diverse wines, from so many places, been available to so many people around the globe. Foor all of recorded history and even before, wine has been intrinsic to the lives of the Greeks, Romans, and other peoples of the Mediterranean and Caucasus regions. The best wines in ancient times were largely reserved for a select few. For others, wine was rough, sour, acrid—consumed not in pursuit of some form of connoisseurship but largely because it was safer than water.

French concerns with pregnancy health warnings
The creators of some of France’s finest wines are up in arms over a government plan to double the size of a warning on bottle labels advising pregnant women to avoid alcohol. A quarter of French mothers-to-be continue to drink alcohol, according to the National Institute for Health and Medical Research, and the government says the warning needs to be larger to increase awareness of the dangers. But furious winegrowers in Bordeaux say the move is unnecessary, complaining that they were not consulted.

Chinese food giant buys Bordeaux wine estate
A Chinese food and restaurant group has bought Domaine de Bellair on Bordeaux's Right Bank and plans to use the wine to supply its businesses across Asia. Golden Field, a multinational food and drink company based in China and Taiwan, is the latest in a succession of Asian investors in Bordeaux wine. A fee for Domaine de Bellair was not revealed. The 55 hectare estate sells its wine as Château Bel-Air and is located in AOC Castillon Côtes de Bordeaux, where vineyard land cost an average €20,000 per hectare in 2015, according to French land agency Safer.





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WID 2017