With China expected to lift its crippling tariffs on Australian wine by the end of March, the CEO of Treasury Wine Estates is standing by to re-allocate Penfolds shipments away from other global markets.
(Bloomberg) Australia’s barley sales to China have soared since Beijing scrapped tariffs six months ago, highlighting the power of the huge market as the wine industry Down Under prepares for a possible end to its restrictions.Most Read from BloombergLargest Covid Vaccine Study Yet Finds Links to Health ConditionsTrump Keeps NY Empire Intact as Judge Rescinds Asset-Sale OrderWall Street’s Moelis Bet Big on the Middle East. Now He’s Cashing InGoldman Lifts S&P 500 Target With Profit Optimism t
Australia s Barley Sales to China Boom as Wine Decision Pending bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Penfolds sales rise but parent company s profits softer in first half indaily.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indaily.com.au Daily Mail and Mail on Sunday newspapers.