At least 75 containers of Australian wine that have been stuck at Chinese ports since the start of November after a wide-ranging import ban on Australian products will now face a second blow of anti-dumping duties of up to 212.1 per cent.
Chinese trade consultants, importers and their agents said the containers holding various labels, many from South Australia which is the home of the Barossa Valley wine region, have been frozen in Shanghai and Ningbo ports since November 6, when the Chinese government verbally suspended seven Australian products, namely barley, sugar, coal, copper, log timber, lobsters and wine.
On Friday, Australian trade minister Simon Birmingham said those wine shipments, which have not yet cleared Chinese customs, will be subject to the new tariffs that could render Australian wine largely unmarketable and unviable in the Chinese market.
South Australian wine exporter Michele, who did not want to give her full name, said she felt fortunate she pulled her shipments out in time but defeated by the prospect of lost business.
TWE Price at posting:
$9.23 Sentiment: Sell Disclosure: Not Held
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