Global white and rose wine consumption surpasses red/Changyu expands stake in Kilikanoon/ Penfolds strike

Hello, this is Natalie from Vino Joy News.

Dive into this week's edition of Vino Joy News, where we cover a wide range of topics from shifting global wine consumption trends to strategic expansions in the Asian market. Here are the top headlines.

Global consumption of white and rosé wine overtakes red

Globally, white and rosé wines have now surpassed reds in popularity, according to data from OIV. Could this be a sign of changing consumer behavior, or is it a response to evolving wine production techniques? We explore drivers behind this structural shift and the factors reshaping global wine consumption patterns.

Changyu expands stake in Australia’s Kilikanoon ahead of tariff lift

China's largest wine producer, Changyu, has increased its stake in Australia's Kilikanoon, another strong sign the domestic wine giant is gearing up for the much anticipated reopening of Australian wine trade with China.

What does this expansion mean for the global wine market and Changyu's position in it? Our analysis offers insights into the strategic moves shaping the international wine trade.

Rising living costs, China reopening hopes fuel worker strike at Penfolds

Learn about the workforce challenges faced by Penfolds, one of Australia's leading wine producers, as rising living costs and China's market reopening prospects lead to a significant strike.

ASC Fine Wines bolsters Chinese wine portfolio with Kanaan

One trend that has emerged inside CHina’s wine industry in the past few years is the rise of quality Chinese wines. Almost every major wine importer operating in mainland China and Hong Kong have beefed up their Chinese wine portfolio.

ASC Fine Wines, arguably the country’s biggest fine wine importer, has added Ningxia based Kanaan Winery to its portfolio that already includes notable Chinese wines from Grace Vineyard and Changyu’s Longyu.

This story explores the partnership's impact on the burgeoning Chinese wine market and its significance in the broader context of China's growing interest in domestic wine production.

Zenato taps new partner in Hong Kong, sets sights for Greater Asia expansion

Italian winery Zenato's recent partnership in Hong Kong marks the beginning of a broader Asian market expansion. We talked to Nadia Zenato, co-owner of the winery, to understand its strategic vision and plans for the Asian wine market.

Other Top Stories:

Chinese wine industry struggles for recovery amidst plummeting profits

Digital leap, pandemic crisis and Chinese wines: Here’s the mix behind EMW’s ascension

WHO calls for tax hike on alcoholic beverages