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  • California: Plan to cut forest for vineyards faces opposition

    June, 12, 2011
    ANNAPOLIS,CA (AP) — Two proposed "timberland-to-vineyard" conversion projects that would clear almost 2,000 acres of redwoods and firs in California's Sonoma County have some residents saying enough is enough. Despite recent declines in high-end wine sales and a glut of grape production in Sonoma ...

  • AUS: Grape glut to hit hopes of rebound for wine industry

    June, 12, 2011
    THE Australian wine industry has produced another bumper vintage, dashing hopes that poor ripening conditions over summer would reduce the oversupply that has dogged the industry for the past five years. Analysts say the ongoing surplus will slow the turnaround of Treasury Wine Estates, the forme...

  • HEARD ON THE STREET: Weak Tasting Note for Wine Investors

    June, 11, 2011
    Investing in wine is much like drinking it. Even the finest vintages can disappoint. With interest rates depressed and wealth growing around the world, money has poured into a host of hard assets since the bust. That has translated into surging prices, with the Mei Moses World All Art Index 11% a...

  • ITALY OVERTAKES FRANCE TO BECOME BIGGEST WINE PRODUCER

    June, 11, 2011
    (AGI) Rome - On the results of the last harvest, Italy has now overtaken France to become the world's largest wine producer. The agricultural association, Coldiretti, announced this milestone, quoting European Commission which shows Italian production at 49.6 million hectolitres against France's ...

  • US: California wine country suffers a sobering spring

    June, 11, 2011
    PASO ROBLES, Calif. -- Wild spring weather across California's wine country has been enough to drive a vintner to drink. From killer snow in the Sierra Nevada foothills to dry-season downpours along the coast to a hard freeze in temperate Paso Robles, 2011 is proving to be a challenging vintag...

  • US: Starbucks Corporation Expanding Alcohol Ranges

    June, 10, 2011
    The coffee giant Starbucks Corporation (NASDAQ:SBUX) is going to offer beer and wine in its new store in Portland, which will be opened on 13th June. This is the first coffee store to offer beer and wine in Portland, though the company offers it in three stores in Seattle.Starbucks Corporation (NASD...

  • US: Maryland set to allow direct wine shipping

    June, 10, 2011
    Campaigners for direct wine shipments in the US have had a mixed month, with Maryland poised to allow shipments, but Delaware refusing even to debate the issue. The signing of House Bill 1175 and Senate Bill 248 means that, subject to licensing regulations, consumers in Maryland will be able to rece...

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