Bubbling up towards $30....
China’s Thirst for Australian Wine Is in Overdrive
By
Angus Whitley
July 24, 2018, 10:45 AM GMT+10
Wine Australia said Tuesday. Americans are upgrading to premium labels, away from Australia’s traditional U.S. base of lower-end wines, the group said.
The total value of Australian overseas wine sales jumped 20 percent to A$2.76 billion ($2 billion), the steepest climb in 15 years, led by a 55 percent jump in exports to China. Wine costing between A$50 and A$100 a liter delivered the fastest growth.
Bottoms Up...And Down
Australian wine exports are surging to China, but falling to the U.S.
Bubbling up towards $30.... China’s Thirst for Australian Wine...
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