Ciatti Report: Caution Advised

High inflation levels and rising interest rates in many markets around the world have engendered pessimism as to the retail sales outlook. Food inflation has generally been lagging overall inflation’s levelling-off trajectory, encouraging consumers to cut back on supermarket spending. In this context, global bulk wine activity has proceeded cautiously through the final quarter of 2022 while sales are carefully analysed; no one wants to find themselves overstocked, or having paid too high a price. Report by wine broker Christian Jungbluth from Ciatti.

Reading time: 2m 30s

Chinese Wine Drinkers - Unlikely to Solve Australia's Export Woes

Observers of the heady growth in Australian exports to China from 2016 to the end of the decade ignored a downward trend in Chinese wine consumption that began in 2018. OIV statistics reveal that this trend has continued during the Covid pandemic.

Reading time: 1m

Interview: Denys Hornabrook of VINEX on the Australian Wine Crisis

Denys Hornabrook launched VINEX as a global B2B trading platform for bulk wine in 2015. Four years later, bottled wines were added to the mix. While the business is international in its focus, Hornabrook's own experience in Australia where he was educated and worked for BRL Hardy and Kingston Estate, gives him unique insight into the current plight of that nation's wine industry in the wake of Chinese sanctions.

Reading time: 5m

ProWine Shanghai Postponed Indefinitely

Due to the zero covid policy in China, ProWine Shanghai will not take place in 2022. An alternative date is not yet known. What does this say about the Chinese wine market?

Reading time: 1m 55s

 

ProWine Shanghai Postponed by Two Weeks

ProWine Shanghai 2022 was originally scheduled for Nov. 8-10, but now, at very short notice, the organizers have announced a postponement to Nov. 20-22.

Reading time: 40s

Devil's Advocate - Tough(er) Times Ahead

The wine industry is only just recovering from the pandemic. Now Robert Joseph, playing Cassandra rather than his usual Devil's Advocate, suggests that the wine industry is facing tough financial headwinds. The only hope is of China coming to the rescue, but that's far from certain.

Reading time: 4m

Penfolds made in China

Penfolds, the renowned brand of Australian wine giant Treasury Wine Estates (TWE), is also producing in Ningxia, China (as Meininger's has reported). The first Chinese Penfolds wine is to be launched in October - first exclusively in China, but a global launch is planned for mid-2023, as reported in the Chinese trade media Vino Joy.

Reading time: 45s

Has China Slammed Door on Australian and New Zealand Imports?

Unconfirmed reports suggesting that Beijing has blocked the importation of all Australian and New Zealand goods are denied in both countries, while China remains silent.

Reading time: 2m

Penfolds Made-in-China Wine

Two years after the imposition of tariffs by the Chinese government that threatened to destroy its huge Chinese business, Penfolds is launching a wine from the Ningxia region under its own brand. Robert Joseph reports.

Reading time: 1m 50s