A decision on lifting China's tariffs on wine will come too late to provide financial relief for farmers as harvesters roll through bushy vines to collect this year's crop.
"Tank farms" of towering cream and silver tanks, each holding as much as 365,000 litres of wine, cast shadows over Australia's largest grape producing regions — South Australia's Riverland and the Riverina in New South Wales.B-double trucks piled high with grapes queue at the winery weighbridge as cellar hands pull levers to crush the fruit of this year's harvest.
"The Chinese know we have millions of litres of wine in the tanks, so I'm sure they will try to get the best offer that they can," he said. Mr Calabria said some wineries had pivoted to other markets since being locked out of China and could be unwilling to export with the same intensity.Changed market
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South China Sea: Call out Chinese maritime aggression by its real nameChina intruded into this week’s ASEAN summit with fresh clashes at sea. It’s dangerous not to acknowledge the real source of the risk.
Source: FinancialReview - 🏆 2. / 90 Read more »
South China Sea: Philippines President Ferdinand Marcos seeks Australian backing to stand up to ChinaIn a historic address to federal parliament, Philippines President Ferdinand Marcos jnr repeated his vow that the Philippines would not surrender a square inch of territory to a foreign power
Source: FinancialReview - 🏆 2. / 90 Read more »
Philippine President warns of increasing conflict potential with China in South China SeaPhilippine President Ferdinand Marcos Junior expresses concern over the increasing potential for conflict with China in the South China Sea and urges Chinese President Xi Jinping to be more responsive.
Source: abc730 - 🏆 14. / 63 Read more »
IWD 2024: Chinese women can only dream of the opportunities their Western counterparts enjoyKids these days are way more aware of gender discrimination than when I was growing up.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Southeast Asian Countries Stand Against Chinese Influence and AggressionSoutheast Asian countries, along with Australia, express their unity against Chinese influence and aggression during the ASEAN summit. The leaders emphasize the importance of respectful dialogue and commitment to addressing shared challenges.
Source: SBSNews - 🏆 3. / 89 Read more »
Nickel Turmoil May Blow Over Quickly on High Chinese DemandMacquarie’s 44-year veteran nickel watcher Jim Lennon suggests that the nickel turmoil of last year may blow over more quickly than expected due to unexpectedly high Chinese demand and potentially slower Indonesian growth.
Source: FinancialReview - 🏆 2. / 90 Read more »