Category: International Wine Industry News
South Korea closes in on US as most attractive global wine market
The United States has once again topped the list of the most attractive wine markets in the world, though its lead over #2 on the list, South Korea, was cut, according to the global leader in wine consumer research and insights report from Wine Intelligence. In 2020, South Korea rose eight places to take the […]
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JancisRobinson.com acquired by US digital media company
Miami-based digital media company Recurrent Ventures has acquired Master of Wine Jancis Robinson’s website, JancisRobinson.com, for an undisclosed sum. Founded in 2000 as an independent publisher, JancisRobinson.com has steadily grown its subscriber base of wine enthusiasts across 82 countries. The website provides free comprehensive guides to wine regions, grape varieties and vintages.
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Napa Valley harvest report: Harvest continues at steady pace
A hot weekend accelerated the Napa Valley grape harvest, which returned to a relaxed but steady pace as temperatures cooled down this week. As correspondents noted last week, quality is high but yields are down, with some Oakville vineyards down as much as 50%, according to Jennifer Rue of Oakville Ranch Vineyards.
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Federal budget allocates $101m for Canadian winery support
Canada’s Federal Budget included a spending announcement directed at Canadian wineries. Page 217 of the budget document indicates that the Federal Government proposes to provide $101 million over two years starting in 2022 to “implement a program for the wine sector that will support wineries in adapting to ongoing and emerging challenges, in line with […]
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Liv-ex 100’s rise continues in February
The Liv-ex Fine Wine 100 rose once again in February, for the ninth consecutive month, as the secondary market continued its rally. The index rose 0.59% in February to close at 322.67, continuing the positive progress for the benchmark index which has been moving upwards since June 2020.
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UK scientists confirm arrival of brown marmorated stink bugs
Scientists have now confirmed that the brown marmorated stink bug (Halyomorpha halys), a small flying insect that emits an unpleasant almond-like odour, has arrived in Britain, after most probably hitching a ride on packaging crates.
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Wine e-commerce’s huge opportunity in 2021
The immense surge in online wine purchasing in the past year across multiple markets offers the global wine industry an unprecedented growth opportunity – but one that might fade when lockdowns end. How will consumers be persuaded to carry on ordering online when it becomes easy to visit supermarkets or liquor stores?
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China’s wine imports down 30% in 2020
From January to December 2020, figures show that the cumulative imports in the period were 471 million litres – a decline of 28.8% year-on-year – meanwhile the value of imports was US$2.83 billion – down by 19.9% year-on-year.
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Despite an 18% drop in volumes, the Champagne sector is fighting back
Shipments of Champagne in 2020 totalled 245 million bottles, down 18% compared to 2019. The health crisis is a blow, but Champagne has taken steps to meet the challenge. The year 2020 was a particularly testing time for the Champagne sector right across the world. The closure of some of the main centres for Champagne […]
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Bordeaux receives national approval to introduce six new grape varieties in 2021
The Institut National de l’Origine et de la Qualité (INAO) has formally approved the use of four new red and two new white winegrape varieties in the Bordeaux region. The announcement by INAO, a division of France’s Ministry of Agriculture, represents the culmination of over a decade of research by wine scientists and growers of […]
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How Brexit affects European businesses
After more than four years of debate and negotiations, the UK left the EU trading bloc on January 1st 2021. James Lawrence asks European wine producers if they are ready to trade under new terms.
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Amorim reveals breakthrough technologies to eradicate detectable TCA
Amorim, one of the world’s leading producers of cork products, has announced the launch of Naturity and Xpür, technologies which have been designed to remove detectable TCA from natural corks and to create a new segment of micro-agglomerated stoppers, respectively.
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IWSR announces acquisition of Wine Intelligence
IWSR Drinks Market Analysis, the leading authority on the worldwide beverage alcohol industry, has announced its acquisition of London-based Wine Intelligence, the top global experts on wine consumer research and insights. The combined offering provides the industry with robust insight into consumption trends, consumer behaviour and growth opportunities for the global beverage alcohol sector. Founded […]
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Jancis Robinson: The glass may not be greener
For many of us wine drinkers, our first conscious act towards saving the planet was separating empty bottles from the rest of our rubbish. It made us feel pretty good, even though most of us were, and continue to be, shockingly ignorant about what happens next to those bottles.
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US backs down from tariffs over French tech giant taxes
America’s top trade negotiator said the US would not move forward with tariffs on French goods planned as punishment for new taxes on US tech firms. The decision comes less than three weeks before US President Donald Trump is due to leave office.
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Australia-China trade relations remain a ‘waiting game’
By Samuel Squire It is understood that severe tariff hikes to Australian exported goods, including wine and other agricultural and mining goods, will be implemented as of today, Friday November 6. A request to apply retrospective tariffs on Australian wine, and other agricultural and mining products, was made by China’s Alcoholic Drinks Association (CADA) in […]
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