WINE and beer company Lion Nathan Ltd has bought US wine importer Cumulus Wine Inc (CWI) for an undisclosed sum, setting up a channel to sell premium Australian and New Zealand wines into the United States.
Lion Nathan will establish a new wine import company called Lion Nathan USA Inc following the purchase of Cumulus Wine [...]
PARIS, March 27 (Reuters) - Burgundy producers have hiked their prices for the U.S. market by 10 to 20 percent over the past weeks due to the continued decline of the dollar, the president of the Burgundy wine association said on Thursday.
“We have been absorbing the dollar decline for the past few years. The producers [...]
A drop in bulk wine shipments has contributed to a five per cent fall in Australian wine exports in the year to the end of February.
Some 749 million litres of wine was exported in the 12-month period, valued at $2.9 billion.
Bulk wine exports dropped 25 per cent in the year to the end of February [...]
French wine exporters toast record 2007
France’s wine and spirit industry scored record exports in 2007, with triple-digit surges in China and an exuberant performance from the star of French wines, Champagne.
France sent nearly 9.4 billion euros, or about $13.8 billion, worth of wines and spirits abroad in 2007, an increase of nearly 7 percent year-on-year, [...]
The drought is expected to lead to a surge in wine imports of up to 25 per cent by 2009.
Just two years after major oversupply problems, bulk wine producers say they are now trying to compensate for a shortfall in local supplies.
The Australian Wine Sector Supply and Demand Assessment expects imports to increase from 34 [...]
Oct. 25 (Bloomberg) — German wine growers on the banks of the river Moselle increased exports of their famous Riesling by 21 percent in the year through July on rising demand from the U.S. and Scandinavia.
Exports rose to 109 million euros ($156 million) from 90 million euros a year earlier, the Moselle Wine Growers Association [...]
The Australian Wine and Brandy Corporation says growth in bulk wine exports has slowed over the past 12 months, while bottled shipments are increasing.
The Corporation’s wine export approval report for September shows the volume of bulk shipments increased by 26 million litres in the past year.
The growth is significantly less than in the same period [...]
CHISINAU, October 9 (Itar-Tass) - Moldova resumes its wine exports to Russia.
“On Monday we began to issue trademarks to economic entities that export their wines to Russia,†the director of the agriculture agency Moldova-Vin, Valery Mironescu, told reporters.
He said the wine exports were resumed after an accord reached by the Russian and Moldovan presidents [...]
Wine exports from Australia have set a record for the year to the end of September, according to recent figures.
The Australian Wine and Brandy Corp. confirmed today (8 October) that exports of wine in the 12 months to the end of September increased by 9% in value terms on the corresponding period a year earlier, [...]
WASHINGTON (AFP) - American wine lovers are worried. With the dollar scraping the bottom of the foreign exchange barrel, they fear their favorite French Bordeaux or Italian Barolo could become unaffordable.
But wine experts here say there is no reason to panic.
“Logically, with the weak dollar, you would think there would be an avalanche of wines [...]
NEW YORK, Oct. 2 /PRNewswire/ — According to a new report by Rabobank, the United States is the only major wine market showing significant growth in purchases of higher-value wines, which makes it an ideal export target for other wine producing countries.
The report, “The future of the California wine industry: A ‘perfect storm’ of imports [...]
mports increasingly putting pressure on U.S. wines
NEW YORK, Sept. 28 /PRNewswire/ — According to a new report by Rabobank, the wine market in the United States is steadily growing, but California faces challenges from imported wines to keep its market share.The report, “The future of the California wine industry: A ‘perfect storm’ of imports brewing?” [...]
The Argentinean wine industry is set to break export records this year, according to recent figures.
The Corporacion Vitivinicola Argentina said yesterday (12 September) that, based on the results of the first seven months of the year, exports of bottled wine from the country were up by over 37% compared to the same time last year.
The [...]
CHISINAU, Moldova — Moldovan President Vladimir Voronin has ordered a halt to Russian inspections of Moldovan wineries, saying his state would no longer be treated as a “colony.”
Russia last year banned key wine imports from Moldova and Georgia on grounds that much of the production was dangerous to consumers, while officials say the ban was [...]