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  • NZ wine industry targets China for growth

    July, 02, 2010
    (Reuters) - New Zealand wine makers are racing against rivals to stake a spot in what is set to be the world's fastest growing market - China. The Chinese market for grape-based wines is currently small but expected to grow rapidly, fuelled by the fast-growing middle-class and younger generations wh...

  • Wine trading worst in two decades

    July, 01, 2010
    The New Zealand Winegrowers survey shows trading conditions are at their worst in two decades.Part of the problem is oversupply of sauvignon blanc.Flooding of the wine has led discounting in the key UK market - a practice which is damaging, says Sue White of Whitehaven Wines....

  • Wine growers absorbing tax

    July, 01, 2010
    Surveyed wineries plan to absorb 4c/bottle tax on wine despite many already under financial pressure. Most New Zealand winegrowers have no plans to increase wine prices in spite of a four cent per bottle tax which has just come into effect. Of the wineries surveyed on whether they intended to pass o...

  • Wine sales dropping in NY State

    July, 01, 2010
    ALBANY, NY -- The apparent death of the latest push to allow sales of wine in New York grocery strores has now been coupled with some other news that won't sit well with many in the industry.Wine sales in the state have dropped from the top five to 11th nationally, according to the New York State F...

  • Glass Claims New Clarity

    July, 01, 2010
    The conversation about carbon footprints began to get clearer during the London Wine Trade Fair as O-I, the world’s largest maker of glass packaging, released the results of a new global study of the complete life cycle of glass containers. The life cycle assessment (LCA) measured carbon emiss...

  • Constellation Brands' first-quarter profit surges

    July, 01, 2010
    Constellation Brands Inc., the world's biggest winemaker, said Thursday that its first-quarter net income surged more than sevenfold with distribution improvements, even as its revenue slipped.The maker of Mondavi wine, Svedka vodka and Corona beer also announced a $300 million stock buyback and inc...

  • Moldovan Wine Faces Import Restrictions Amid Political Feud

    June, 30, 2010
    A senior Russian official announced Wednesday that regulations on Moldovan wine imports might be tightened over safety concerns — just days after Chisinau angered Moscow by introducing a “Day of Soviet Occupation." Gennady Onishchenko, head of the Federal Consumer Protection Service, said tighte...

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