While some in the wine trade search for rational formulae, Roger Morris reports that simple logic is often simply wrong. Price is in the mind of the buyer, not the seller.
Wine Business International
An international survey into the effects of alcohol has revealed that Germans get more argumentative when drunk, while Swedes are more likely to get amorous.
The game of Monopoly, where players compete for real estate, has a lot to teach the wine industry, says Robert Joseph.
The Madeira Wine Institute has created a novel scheme to help still wine production flourish on the island. Rui Falcão reports.
by Joel B. Payne
by Ken Gargett
More than 3,000 investors in the failed managed investment scheme (MIS) operated by Western Australia’ Palandri Wine Group (PWL), look likely to lose in excess of A$160m ($137.6m/€94m).
by Robert Fenner at Bloomberg
Foster’s Group Limited, Australia's biggest beer and winemaker, posted its first loss in 16 years after writing down the value of its global wine business by A$602.9m ($517m/€352m)).
by Ken Gargett
Australia’s severe drought continues to impact the wine industry, with an estimated 5,000 grape growers struggling to stay in business. A regional industry body, the Riverland Winegrape Growers Association, has found that nearly 60% of Riverland growers were considering leaving the industry, "due to adverse conditions, including drought”.
The latest in a series of five-yearly surveys by researchers at Lincoln University shows that while consumer costs have shot up for products like meat and dairy, the price of wine has dropped significantly. In 1998, consumers were paying on average NZ$17 ($12/€8.10) for what they considered an everyday wine. A decade later that average cost is down to $14.60, the survey found.
from the Sacramento Business Journal
Wine drinking in the US rose 3.2% to 292.1m cases sold, with a value of $27.9bn in 2007, according to the Beverage Information Group. It was the fourteenth consecutive year of gains.
by Sophie Kevany
International sales of the exceptional Bordeaux 2005 vintage have saved French wine export figures for the first half of 2008. Figures released this week, for the period January to June 2008, show a fall in French wine export volumes of 8.72%, but an almost equivalent rise in value of 8.16%, compared to the same period in 2007.