The value of Australian wine exports has continued to grow in the last 12 months up to June 2019, increasing by 4 per cent in value to $2.86 billion. China has welcomed this sustained growth with record numbers, increasing 7 per cent in value to $1.2 billion. Export volumes decreased by 6 per cent to 801 million litres (89 million 9 litre case equivalents); this volume decline was driven by a decrease of 7 per cent in shipments below an average value of $2.50 per litre free on board (FOB*). This resulted in a 10 per cent increase in the overall average value of exported wine to $3.58 per litre, the highest level since 2009.
The Australian winegrape crush for 2019 is estimated to be 1.73 million tonnes, just one percent below the 10-year average, according to the National Vintage Report 2019 released today by Wine Australia.
The first edition of the Barolo & Barbaresco Academy – Langhe Wine School is scheduled for September 13-15 in Grinzane Cavour (CN) and is aimed at wine professionals who wish to increase their knowledge and expertise on wines from the Langhe region. The project is mastered by the Consorzio di Tutela Barolo Barbaresco Alba Langhe e Dogliani and Strada del Barolo e Grandi vini di Langa, and will be promoted among buyers, wine educators, wine writers and brand managers with the aim of creating a global network of Langhe ambassadors.
UNIONE ITALIANA VINI elected its new Executive Board with four new entries and it is ready to face the hot topics of the three-year period 2019-2022.
On 10 October, the Douro Boy Cuvee 2017 & the Douro Boys Vintage Port 2017 will be up for auction.