Wine Industry News

  • Concha y Toro Tumbles as Quake Damages Vineyards

    (Bloomberg) -- Vina Concha y Toro SA, Chile’s largest winemaker, headed for the biggest decline in eight months after the company said the weekend’s 8.8-magnitude earthquake forced it to suspend production for at least a week. Concha y Toro plunged 7.2 percent to a two-month low of 1,100 peso...
  • China demand driving world wine market growth: study

    (AFP) – China is expected to be the world's seventh largest wine consumer by 2013, a study showed Tuesday, as the nation's thirst for vintages continues to grow amid an economic boom. The country will consume around 1.26 billion bottles of wine in 2013, an increase of about 32 percent from 2009...
  • Powerful Earthquake Rocks Chilean Wine Industry

    Chile's wine industry was not spared from the effects of the devastating 8.8-magnitude earthquake that struck the southern part of the country early Saturday morning. Wineries in both the Curicó and Maule valleys, which are not far from the epicenter, were especially hard hit, and wineries further ...
  • Machine to make serving wine easier

    ASIAEURO Wines and Spirits Sdn Bhd, a purveyor of fine wines and spirits, unveiled a new concept in wine-serving and preservation called Vino Tech recently. Touted as the first of its kind in Malaysia, the innovative machines were introduced to the local market which comprised Asiaeuro Wines and Sp...
  • Red wine component pill successful during heart attacks

    Washington – Researchers seeking a more reliable alternative than aspirin for heart attacks may have found it in a red wine molecule called resveratrol. University of Connecticut (U-C) researchers induced heart attacks in animals and found that resveratrol significantly reduces damage to heart ...
  • Wine industry annoyed at growth of supermarket labels

    Australia - The wine industry says the major retailers are undermining efforts to recover from the grape glut. The boss of Woolworths has warned the industry to prepare for a jump in supermarket label wine sales, as the retail chain continues to grow its own brands. Stephen Strachan, from the Wine...
  • Wine industry takes off in South Dakota

    You no longer have to venture all the way to Napa Valley, California to sip on good wine. "The wine business in South Dakota has increased dramatically over the last 5 to 6 years," said Prairie Berry Services Manager, Mike Hackett. In fact, the South Dakota Agriculture Department says it expects ...

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