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| Chile, March 11th 2010 |
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Chilean vintners may go broke after quake |
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by Matt Craze and Rodrigo Orihuela at Bloomberg.com
Chile’s strongest earthquake in 50 years may bankrupt smaller winemakers after vines collapsed, casks broke apart and millions of liters were spilled, a former Goldman Sachs Group Inc. banker-turned-winemaker said.
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| United Kingdom, March 11th 2010 |
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Vineyard destroyers |
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by Tim Atkin MW at The Times
The Chilean earthquake isn’t the only natural disaster to hit the wine business in the past year. Madeira, the tiny volcanic island that produces some of the best fortified wines on the planet, was pounded by floods last month, with many of its vineyards washed away, while in Australia, the bushfires that killed 173 people in the summer of 2009 also torched a significant part of the Yarra Valley’s vineyards.
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| South Africa, March 11th 2010 |
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South African government to reject wine lands mining bid |
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from Reuters
South Africa's government will not approve an application by a state mining firm to prospect and possibly mine in the country's main wine producing region, the Business Day newspaper reported on Thursday.
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| Australia, March 10th 2010 |
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Italian wines outselling French in Australian market |
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by Blair Speedy at The Australian
Australian Bureau of Statistics figures show that Italian wines routinely outsell French wines by volume except during the December quarter, when demand for champagne to toast the holiday season more than doubles sales of French wines.
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| USA, March 10th 2010 |
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Red Bicyclette took US consumers for a ride |
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by Dave McIntyre at The Washington Post
We all want value in wine. For most consumers, that means we want the cheapest possible wine that tastes good. If that wine is trendy, all the better. Make it French, which carries the cachet of quality, and slap on a cutesy label that plays on Americans' cliched images of the French – say a beret-clad Frenchman on a bicycle with a basketful of baguettes, trailed by a dog with a baguette in its mouth – and you have a recipe for market success.
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| USA, March 10th 2010 |
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Californian viticulture at odds with fish conservation |
by Jason Dearen for The Daily Democrat
Grape growers are angry at a new plan to limit the amount of water vineyards can pump from local rivers and streams to protect their crops from frost -- a draft regulation meant to safeguard coho salmon, a species on the brink of extinction here.
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| USA, March 8th 2010 |
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Falling wine sales hit Napa land values |
by Dan Levy at Bloomberg.com
In California’s Napa Valley, producer of the most expensive U.S. wines, 2010 may be a vintage year for foreclosures as the industry is squeezed by falling land values and a consumer shift to cheaper brands. As many as 10 wineries and vineyards in Napa will change hands in distressed sales or foreclosures this year and next, up from none in 2008, according to Silicon Valley Bank. In a bank survey of vintners, 7% called their finances “very weak” or “on life support.”
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| USA, March 8th 2010 |
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Vineyard breakthrough wins water start-up prize |
by Mary Miliken at Reuters
A web application that alerts wine grape farmers when their vines are thirsty has won first place in a competition to spur entrepreneurs in the investment-starved water sector, organizers said on Monday.
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| United Kingdom, March 8th 2010 |
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Six arrests over Australian wine scam |
from Heraldsun.com.au
Fraud squad police in London arrested six people overnight over an alleged A$5m scam in which investors were told they were buying specialist Australian wines that did not exist. Along with two earlier arrests those detained on suspicion of money laundering included two women aged 40 and 32 and men aged 30, 34, 40 and 65.
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| United Kingdom, March 8th 2010 |
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Report claims wine doesn’t make women fat |
by Laura Roberts at The Daily Telegraph
Researchers found that regular moderate female drinkers were less likely to become obese after a 13 year study of more than 19,000 women. The finding seems to contradict received dietary wisdom which has it that alcohol consumption leads to weight gain.
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