Business
Australian wine China: Wine export market a ‘basket case’ after $1.3b China hit – The Australian Financial Review
The proprietor of one of Australia’s largest family-owned wine groups, Yalumba Wines, says impairments are likely to ripple through the industry.
“There is no other red wine export market anywhere else that is capable of absorbing what Australia sells to China.”
Other Asian markets were too small and India was highly complex.
He said Yalumba and its sales arm Negociants had been fortunate in being slower than many others in the industry to build an export business into China, although that market represented about 10 per cent of international sales.
“We’ve been much more focused on the United States, Canada, New Zealand, the UK,” Mr Hill-Smith…
-
Noosa News8 hours agoReubhan Ralph identified as man behind terrifying childcare centre incident in Peregian Springs on the Sunshine Coast
-
General14 hours agoQueensland announced as 2027 Women’s Softball World Cup host in first Australian event since 1965
-
Noosa News16 hours agoInquest into Rosemarie Campbell’s death three days after gastric bypass surgery hears of ‘massive loss’ to family
-
Noosa News10 hours agoWomen’s Softball World Cup 2027 Redcliffe Brisbane