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Wine companies face biggest battle after China hit


Wine companies face biggest battle after China hit
Wine is having the toughest time diversifying among sectors including barley, lobster and coal.
A Mexico-bound CBH barley shipment loads in Albany, WA. 
Nic Duncan
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It took 15 years for Australia’s wine producers to build up a $1.3 billion export business to China – and the stroke of a pen late last year by the Chinese government to destroy it.
The wine sector, led by the big-selling Penfolds brand owned by ASX-listed Treasury Wine Estates, is the highest profile of the industries which have been battered by the Chinese Communist Party imposing punishing tariffs and blockages. ....

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