French protestors at the Spanish border destroyed shipments of Spanish wine. They demand a halt to imports until wines from their department sell at a profitable price.
Australia and China have suspended their World Trade Organization wine tariff dispute. China wants to take five months to review the punitive tariffs imposed on wine imports from Australia. In return, Australia will suspend its complaint to the WTO.
Spain’s wines are better than ever, but their sales in the US market don’t reflect this. Jeff Siegel asks why Spain can’t get out of the lower segments.
Italy is entering the new harvest season with substantial stocks of wine, raising concerns as export figures show a declining trend, with Russia being an exception.
Following our report last week of China’s decision to lift its punitive tariffs on Australian barley, and suggestions that Australia’s prime minister, Anthony Albanese might visit Beijing before the end of the year, Treasury Wine Estates is betting on an imminent removal of the wine tariffs too.
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.
.jpg?itok=-0aqwkD2)
