China has opened up to Australian wines again. Whether the country, where consumption has fallen more sharply than almost anywhere else in the world, can really pull the plug out of the red wine pool Down Under remains to be seen. In any case, nothing is happening with Australian bulk wine prices for the time being.
Some prices from Argentina have plummeted - although President Milei has not yet introduced the US dollar as announced, but has only devalued the peso (even further), which has actually caused the general inflation rate to rise. Puzzling? Well, the harvest expectation at the start of the harvest is 24% higher than in 2023.
