Australian bottled wine exports grew across higher price points during the last financial year, along with the
average value of bottled and bulk wine exports, according to the latest Wine Export Approvals Report June
2013, released by Wine Australia today.
The real mystery is not how they came to be there or even why $35 million (yes, that's $35 million) of wine will be flushed down the toilet or buried in landfill, it's why we only heard about it this week. How do you misplace that much wine without management knowing? Surely the chief bean counter should know, but he was quietly replaced last month with no explanation.
Treasury Wine Estates has come under pressure to justify its continued presence in the Americas after announcing it will be forced to spend tens of millions of dollars to destroy excess wine in the US.
Having a drink with friends makes a wine taste better than if you're on your own. Sounds logical, but now scientific experiments have shown different psychological states result in a range of physiological changes.
In sessions today, wine delegates will hear from experts from Australia, the UK, France, The Netherlands and New Zealand as they present information to help the industry protect its natural assets, extract value from the vineyard and winery and grow grapes in challenging climates.
AUSTRALIA makes a lot of wine. A lot of it's cheap. A bit of it probably might be called nasty by fancy expert tasters, but overall Australia has established an international reputation as a reliable producer of reasonably good quality, great-value drinking.
Treasury Wine Estates Ltd. (TWE), the world's second-largest listed wine company, fell the most since a 2011 listing after saying it would write off A$160 million ($145 million) to get rid of old and out-of-date bottles.