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  • Sauvignon blanc overdose leaves Westpac with $17m hangover

    August, 22, 2010
    WESTPAC stands to lose up to $NZ22 million ($17.38 million) from the collapse of a New Zealand winegrower with other Australian banks believed to be significantly exposed to the struggling wine industry.New Zealand wine industry experts and insolvency practitioners believe dozens of wineries could a...

  • NZ Wine industry hits sour note

    August, 21, 2010
    The perfect storm is rattling New Zealand's wine industry, once regarded as an agricultural cash cow. Latest figures from Realestate.co.nz reveal 96 vineyards are currently for sale, with the average selling time being nine months.But real estate agents estimate the figure could be closer to 150. C...

  • Taiwan to explain decision to cut tax on rice wine

    August, 21, 2010
    (CNA) The government is working on a presentation of evidence to show that imported distilled spirits will never be affected by the recent tax cut on rice wine in Taiwan because the latter is used almost exclusively as a cooking ingredient and is seldom drunk, Ministry of Economic Affairs officials ...

  • Hail Batters Arizona Vineyards

    August, 20, 2010
    Elgin, Ariz. -- A freak hailstorm stripped ripening grapes and foliage from winegrape vines in this high-elevation viticultural center south of Tucson last weekend. Growers in the affected area are struggling to salvage even a fraction of their 2010 vintage, already squeezed by an untimely freeze Ap...

  • Australia Wine Sales Rise In Q2

    August, 20, 2010
    (RTTNews) - Total wine sales in Australia rise strongly in the June quarter with white wine leading the rise, official figures showed on Friday. A total of 50.5 million litres of white table wine was sold between April and June, which was 3.1% higher than a year ago. Red and rose wine sales totaled ...

  • FRANCE: Bordeaux's Cave des Hauts de Gironde to expand

    August, 20, 2010
    One of Bordeaux's largest AOC wine cooperatives, La Cave des Hauts de Gironde (CHG), is investing EUR13m (US$16.7m) in a restructuring and expansion programme. Work will start next month on a 6,500sqm extension to facilities at the co-op's HQ in Marcillac, comprising a bottling line and storage a...

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