(Recasts)
Nov 4 (Reuters) - A Chinese beverages industry grouping has called for retrospective tariffs on some imports of Australian wine, the world's biggest standalone winemaker, Treasury Wine Estates (TWE) , said on Wednesday.
The request to China's commerce ministry covers volumes of up to 2 litres (3.5 pints) and is linked to a wider anti-dumping probe into wine imports from Australia amid worsening ties between the trade partners.
"The China Alcoholic Drinks Association has submitted a written request to the Chinese ministry of commerce that imports of Australian wine in containers of two litres or less...be subject to retrospective tariffs," Treasury Wine said.
It was unclear whether the ministry would accept the request, it added in a statement issued after market hours.
Any financial impact would only be clear after Treasury Wine concludes discussions with customers in China over future orders, the company added.
Officials of the Chinese industry grouping were not immediately available for comment.
Shares of Treasury Wine Estates closed down 3.1%, while the benchmark index (xjo) ended marginally lower.
- Forums
- ASX - By Stock
- TWE
- News: TWE UPDATE 1-Australia's Treasury Wine says China trade body urges retrospective import...
News: TWE UPDATE 1-Australia's Treasury Wine says China trade body urges retrospective import...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TWE (ASX) to my watchlist
|
|||||
Last
$12.44 |
Change
-0.040(0.32%) |
Mkt cap ! $10.09B |
Open | High | Low | Value | Volume |
$12.54 | $12.57 | $12.40 | $19.00M | 1.526M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 24686 | $12.44 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$12.48 | 227 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1200 | 12.410 |
2 | 2143 | 12.400 |
1 | 100 | 12.350 |
2 | 5171 | 12.300 |
1 | 10000 | 12.280 |
Price($) | Vol. | No. |
---|---|---|
12.480 | 227 | 1 |
12.500 | 880 | 1 |
12.550 | 7850 | 2 |
12.580 | 1576 | 3 |
12.600 | 6700 | 3 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
TWE (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online