Paris | Reuters –– Worldwide wine production is expected to fall this year to its lowest since 2012, chiefly due to adverse weather that sharply cut output in France and South America, wine body OIV estimated on Thursday. Global wine output is set to decrease by five per cent compared with last year to 259.5 […] Read more
World wine output seen at four-year low
Switzerland to recognize Canada’s organic wine, processed foods
Canada and Switzerland have reached a deal to recognize each other’s organic certifications on wine and “multi-ingredient” foods. The two countries on Thursday announced expansions of their previous organic arrangement, which deems their respective certification systems to be equivalent for organic ag commodities and agrifood products. The amended deal takes effect Saturday (Oct. 1). The […] Read more
Constellation considering Canadian wine IPO
Reuters — Constellation Brands said on Wednesday it was considering taking a part of its Canadian wine business public and reported better-than-expected quarterly net sales, helped by strong demand for its premium Corona and Modelo beers. Shares of the New York-based wine, beer and spirits company, which forecast full-year profit largely above estimates, rose as […] Read more
French co-op InVivo plans U.S. wine deal, more food shops
Paris | Reuters –– French agricultural group InVivo is looking to acquire a wine distributor in the U.S. and could open up to 200 food shops in its home market as part of plans to double in size within a decade, InVivo’s CEO said on Tuesday. InVivo entered the wine sector this year through the […] Read more
Treasury Wine to buy Diageo U.K., U.S. wine assets
Sydney | Reuters –– Australia’s Treasury Wine Estates, the world’s biggest standalone wine maker, said Wednesday it had agreed to buy most of Diageo Plc’s U.S. and British wine operations for US$552 million (C$716 million). Treasury also announced a fully underwritten rights issue to raise around A$486 million (C$460 million) to fund the acquisition. The […] Read more
EU lawmakers urge calorie content labels to cover alcohol
Brussels | Reuters — European beer, wine and spirits makers should inform consumers about the amount of calories in their drinks via clear labelling, EU lawmakers said Wednesday. Most foods and drinks are subject to legislation mandating labels with nutritional and ingredient information, but alcoholic drinks are exempt. The European Parliament voted in favour of […] Read more
China’s wine growers beat France into second place
Paris | Reuters — China overtook France last year as the world’s second largest wine grower by area under cultivation as it continued to plant vast fields of mostly imported grape vines to meet growing demand. The world’s second largest economy, which since 2013 consumes more red wine than any other country, has more than […] Read more
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