Posts Tagged ‘Aussie’

 

All3

Australia’s commodities boom created the $200,000 high-school dropout, the world’s richest woman, and the least affordable housing market on earth. And it could soon put a dent in the makers of Yellow Tail, the best selling Australian wine in America. From the WSJ’s Caroline Henshaw:

Australia’s largest family-owned winery relies on the U.S. for three-quarters of its sales, but the Australian dollar’s rise against the U.S. dollar has made its products less competitive against wines from rival regions such as California’s Napa Valley and South America.

Casella Wines is looking to shave costs and secure a deal with lender National Australia Bank ahead of an extended Jan. 30 deadline. A failure to secure a new loan could force the company to sell off vineyards or other assets, Chief Executive John Casella told The Wall Street Journal.
Read on …

Kangaroo Crossing

The Australian wine industry is awash with change and we have identified the key alterations taking place Downunder.
From new style whites to single block reds, winemakers and brand owners are displaying a restless urge to experiment, embracing new practices in the vineyard and cellar.

As for plantings, there’s a surprisingly broad array of grapes going into the ground (particularly from the Mediterranean) as producers search for the best match between variety and climate, along with soil type.

Meanwhile, it’s clear Australia is embracing its cooler-climate regions, creating lighter wines, and working harder to express specific sites.

Improved viticultural practices in particular are key to Australia’s vinous evolution, with more suitable clones, older vines and better soil management all making their mark.

Helping capture changes in the vineyard are earlier harvest times, gentler fermentation practices and reduced new oak use, and overall, as Mark Lloyd from McLaren Vale’s Coriole told db, “Today the Australian wine industry is in a sweet spot.”
Read on …