Business
China Australia dispute: Wine buffs prepare for falling prices after China exit – The Australian Financial Review
Liquor retailers say wine company sales reps will be ‘banging the door down’ in a bid to woo back local buyers with the door to the lucrative China market now shut….
Mr D’Anna said the price of wines such as Penfolds Bin 389 had moved up to around the $100 mark at some retailers.
Treasury Wine Estates, which represents about 40 per cent of total Australian wine exports to China, is hardest hit by the provisional tariffs of between 107 per cent and 212 per cent because of the sheer size of its business.
What we will see is a whole lot of new reps banging the door down.
Michael Andrewartha, East End Cellars co-owner
The Penfolds luxury range is headed by Penfolds…
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