The International Organisation of Vine & Wine (OIV) estimate that 2023 wine production will be 7% lower than the below-average volume of 2022, and it says, the lowest output since 1961. Does this tally with what we at Ciatti are hearing, and what should we make of it?
Australia and China have suspended their World Trade Organization wine tariff dispute. China wants to take five months to review the punitive tariffs imposed on wine imports from Australia. In return, Australia will suspend its complaint to the WTO.
Kym Anderson, one of the world's leading wine academics, has just published a shorter version of his latest paper 'What's happened to the wine market in China?' in the Journal of Wine Economics. Robert Joseph considers its implications.
NBA All-Star James Harden sold 10,000 bottles of his wine within seconds during a live stream in China. Peter Douglas wonders if the Chinese e-commerce model be considered a template for e-commerce worldwide?
Following our report last week of China’s decision to lift its punitive tariffs on Australian barley, and suggestions that Australia’s prime minister, Anthony Albanese might visit Beijing before the end of the year, Treasury Wine Estates is betting on an imminent removal of the wine tariffs too.