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| February 7th 2012 |
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The globalisation of wine |
By George M. Taber at Time
The international wine market was a favorite subject for classical economists in the 18th and 19th centuries to help explain the benefits of free trade.
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| South Africa, February 7th 2012 |
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South Africa considering ban on alcohol to pregnant women |
By Aislin Laing at The Telegraph
South Africa is considering introducing a law that bans retailers from selling alcohol to pregnant women. It would penalise both off-licences and supermarkets, and bars and restaurants, for supplying alcohol to pregnant women, as well as anyone wearing a school uniform or already visibly drunk. |
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| Czech Republic, February 6th 2012 |
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Arctic wave saves Czech ice wine production |
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| USA, February 4th 2012 |
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US wine consumption trends up |
By Rachel Nichols at winebusiness.com
Overall table wine consumption is up in 2011, with over 291 million cases consumed, according to the Wine Market Council’s annual consumer tracking study on the U.S. wine market. But there are signs that the Millennial generation is not turning out to be the homogenous group as the industry had hoped for |
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| USA, February 4th 2012 |
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Virginian wine industry contributing to economy |
From The Augusta Free Press
A newly released economic impact study shows that Virginia’s burgeoning wine industry contributes $747m annually to Virginia’s economy, an increase of 106% over the figures from the last economic impact study conducted in 2005. |
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| Germany, February 3rd 2012 |
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The German trade has €660m to spend on wine |
By Meininger’s Wine Business International
A study the German wine market commissioned by Meininger Verlag, the publishers of Meininger’s Wine Business International, has found the turnover of the wine trade in four major centres amounts to €660m.
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| Argentina, February 3rd 2012 |
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Mendoza to issue debt on global markets |
From Reuters.com
Argentina's western province of Mendoza plans to issue about $250m in new debt on global markets in 2012 for the first time in 15 years, Mendoza's economy minister said on Friday. |
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| France, February 2nd 2012 |
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LVMH sees growth in 2012 |
By Andrew Roberts at Bloomberg.com
LVMH Moet Hennessy Louis Vuitton SA, the world’s largest maker of luxury goods, including wine, reported full-year profit that met analysts’ estimates and said it’s “well- equipped” to maintain growth in 2012. |
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| China, February 2nd 2012 |
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Chinese wine investors worry as prices fall |
From Tang Zhihao at The China Daily
ipsy Chinese investors drunk on the legend of Lafite wine have been rudely shocked by the cold economic fact that what goes up can come down. Helping to push the prices of branded wine up by an average of 30% in each of the past several years, Chinese investors in Guangdong, Zhejiang, Shanghai and Beijing were dismayed to find that their cherished investments lost as much as 40% of their value within a few months. |
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| USA, February 2nd 2012 |
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Napa wine producers campaign for truth in labelling |
From The Associated Press
Napa Valley wine producers will go a long way to protect their good name, all the way to Thailand if necessary. That's the latest country which has awarded Geographic Indication status to Napa wine, which means they've agreed not to allow sales of wine labeled "Napa" if the grapes inside aren't from that California region |
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