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  • AUS: Wine exports wither on vine but there's light at end of funnel

    July, 22, 2011
    This was meant to be the year Australia's wine industry finally hit rock bottom and started looking up again. That was before our dollar rocketed to $US1.07, and a projected 1.3 million tonne grape crush - the fruit of recent attempts to curb chronic oversupply - gushed to more than 1.6 million ton...

  • AUS: Expensive drop as forklift shatters $1.1 mln wine

    July, 22, 2011
    (AFP) — An Australian winemaker said Friday he was "numb" after a malfunctioning forklift destroyed more than Aus$1 million ($1.1 million) of his prized shiraz. Some 462 cases of the 2010 Mollydooker Velvet Glove Shiraz, which sells for Aus$185 a bottle, smashed to the ground as it was being lo...

  • Wine Never Cheaper as Bidders Circle Foster’s Spinoff: Real M&A

    July, 22, 2011
    (Bloomberg) -- Buying Napa Valley wine has never been so cheap with Treasury Wine Estates Ltd. selling at less than 80 cents on the dollar. The world’s second-largest winemaker, which owns Beringer Vineyards and Stags’ Leap Winery, was spun off by Foster’s Group Ltd. in May after it rejected a...

  • France: Clos Fourtet and staff star in new wine movie

    July, 22, 2011
    A new film set in a French chateau - and starring the real Chateau Clos Fourtet - opens next month in French cinemas. Tu Seras Mon Fils (You Will Be My Son) deals with the conflict between a fictitious chateau owner and his son. It was almost entirely filmed at the Saint Emilion Premier Grand Cru...

  • Tough conditions hit NZ Wine Company

    July, 21, 2011
    An oversupply of New Zealand wine blended with high levels of bulk wine sales, a strong dollar and tough competition has hit the NZ Wine Company's bottom line. The company said it expects an underlying loss before revaluations and income tax for the June 2011 year of up to $1.3 million. NZWC c...

  • How to Read a Wine Label

    July, 21, 2011
    Wine labels can be a little like cryptic crosswords: unfathomable, infuriating and intimidating. Browsing the shelves of one of my favorite local wine merchants, a cozy little shop in London where the wines are stacked in bins that stretch from the floor to the ceiling, I was faced with a scrambl...

  • US: Rail Opens for North Coast Wine Freight

    July, 21, 2011
    What would it be worth to the North Coast wine industry to remove hundreds of freight-hauling trucks from congested highways and ship wine and supplies via rail? Northern California railroad investors are betting years of effort and millions of dollars on that question, while waiting for wineries an...

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