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| France, August 28th 2008 |
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Cheap French wine hits the wall |
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by Lizzy Davis from The Guardian
International demand for France's regional wine is drying up at an unprecedented rate. Exports fell dramatically in the first half of this year, with the number of bottles down by 15.5% on the same period in 2007. These varieties, so long the mainstay of the world's largest wine producer, have been by far the hardest hit in a market struggling to adapt to the demands of a changing world.
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| Australia, August 27th 2008 |
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Palandri to be wound up |
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by Ken Gargett
More than 3,000 investors in the failed managed investment scheme (MIS) operated by Western Australia’ Palandri Wine Group (PWL), look likely to lose in excess of A$160m ($137.6m/€94m).
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| France, August 27th 2008 |
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French wine industry goes space age |
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from Jessica Mead at Reuters
French vintners are turning to outer space to outwit foreign rivals, with new satellite technology giving an overview of vineyards' physical characteristics and potential. The satellite images, produced by French wine consultancy body ICV and geo-information provider Infoterra, give growers information on water stress and grape composition amongst others, allowing better management of the vinification.
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| Austria, August 27th 2008 |
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Sauvignon Blanc experts gather in Austria |
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by Joel B. Payne
Johann Seitinger, chief agricultural of the Austrian province of Styria, and Siegfried Nagl, the mayor Graz, opened the World Sauvignon Congress last night in the city’s old fortifications on the hilltop above the river Mar. This well-preserved Austrian burg of 300,000, which was named a World Cultural Heritage Site by the United Nations in 1999, hosts the first Sauvignon symposium beginning this morning. 250 participants from all over the world have registered to attend.
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| Australia, August 27th 2008 |
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Iconic Australian winery sold |
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by Ken Gargett
Australian winery Torbreck Vintners has been sold to a partnership consisting of the original founder, David Powell, and the proprietor of the Californian winery, Quivira Vineyards, Peter Kight.
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| Australia, August 26th 2008 |
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Foster’s wine write-off leaves nasty taste |
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by Robert Fenner at Bloomberg
Foster’s Group Limited, Australia's biggest beer and winemaker, posted its first loss in 16 years after writing down the value of its global wine business by A$602.9m ($517m/€352m)).
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| Australia, August 26th 2008 |
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Australia’s drought takes toll on grapegrowers |
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by Ken Gargett
Australia’s severe drought continues to impact the wine industry, with an estimated 5,000 grape growers struggling to stay in business. A regional industry body, the Riverland Winegrape Growers Association, has found that nearly 60% of Riverland growers were considering leaving the industry, “due to adverse conditions, including drought”.
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| New Zealand, August 25th 2008 |
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New Zealanders drinking more wine, paying less |
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from stuff.co.nz
The latest in a series of five-yearly surveys by researchers at Lincoln University shows that while consumer costs have shot up for products like meat and dairy, the price of wine has dropped significantly. In 1998, consumers were paying on average NZ$17 ($12/€8.10) for what they considered an everyday wine. A decade later that average cost is down to $14.60, the survey found.
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