wine
France's winegrowers are facing declining sales at home and abroad compounded by falling producer prices, despite achieving an above-average grape harvest last year. The situation has been caused by rising inflation and the fact that the French are drinking less wine, the Agriculture Ministry said in its latest market analysis. The 2023 grape harvest should actually have given France's winegrowers reason to celebrate. At 48 million hectolitres, it was 4% higher than the previous year and 8% higher than the average for 2018-2022. But between August and December 2023, exports of origin-protected...
DPA
Beijing has cancelled the long-standing tariffs on Australian wine in the long-drawn-out relationship between China and Australia. As of Friday, no countervailing duties will be levied on wine from Australia, the Chinese Ministry of Commerce announced on Thursday. The reason given was "changes in the market situation for the wines in question in China." The announcement came, however, after a visit by Chinese Foreign Minister Wang Yi to Australia last week, during which the tariffs were reportedly discussed. The People's Republic had introduced the tariffs on the important Australian agricultu...
DPA
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