Australian wine producers can celebrate what looks like a very successful reopening of their Chinese market. But sales elsewhere are falling - which may be a cause for concern. Robert Joseph takes a look.
After the Chinese dropped the punitive tariffs on Australian wine, prices have been rising. Argentina is fluctuating, while South Africa remains stable. A newly planned tariff might cause significant imbalance for some countries.
Since China imposed tariffs of up to 212% on Australian wines in November 2020, Down Under has been facing a flood of red wine. Now, China has announced the end of these tariffs. Does this solve all the problems?
For many years, China was Australia's biggest customer for wine. Then Beijing bolted the doors, with punitive tariffs. Those doors have now reopened, but they will not readmit Australia's producers to the booming market they remember.
It’s got a wine-growing history that dates back to the Roman world. It’s got more than 220 authorised grape varieties over 55,000 hectares of vineyards, and it’s one of the most exciting wine-growing countries in Europe.
