EveryTHING that's been banned from Australia to date are part of the trade agreement to purchase goods from US.
Meat, Oates and whatever ( lost count and i dont care) that are banned in the name of trade dispute are in fact a trade off to fulfil US imports.
Simple maths really. You can only consume so much of one commodity.
I don't recall any import wine quota as part of the trade agreement between US / China.
So for this reason, it is "safe" to assume wine exports will not be perm banned.
But looking at dine-out spend in China post covid. it is still down 11% YOY. So there is still an ongoing effect on overall consumption of wine / dine out.
I peed my pants when milk powder got "banned" A2 was trading at $2.5. Sold it all and the rest is history.
Happy to put a small bet on it and increase the holding if the price goes down further.
TWE Price at posting:
$9.50 Sentiment: None Disclosure: Not Held
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