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.
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?
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.
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.
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.
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.
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.
Chinese wine drinkers have, until now, been influenced by traditional European preferences for dry red and white wine. But, as in the US, sales of sweeter versions of both colours are growing, as Lin Liu MW reports.
As British PM, Boris Johnson signs new trade deals with India in Delhi, Australia’s wine industry celebrates its country’s new FTA with the subcontinent. But how far will it go towards filling the hole left by China?
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.
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