France, EU to spend 200 mn euros on destroying excess wine // Alcohol-free wine’s promise needs buyer boost

August 25, 2023 - Wine Industry Insight Daily News Feed

Becca Yeamans
August 25, 2023

Today’s Top Story

France, EU to spend 200 mn euros on destroying excess wine

The French government announced Friday that 200 million euros ($216 million) would be set aside to fund the destruction of surplus wine production in a bid to support struggling producers and shore up prices.

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Alcohol-free wine’s promise needs buyer boost

Wine, the laggard of alcohol-free, is seeing quality improve and demand grow. Now buyers must back the fledgling category.

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Beer and beverage distributors form California Beverage Solution

Seven California beverage distributors have created California Beverage Solution, a shared beverage distribution network, to help suppliers more efficiently and effectively sell, market and distribute drinks in California.

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France’s Scorching Summer Is Reducing the Quantity of Wine but Increasing the Quality

The 2023 vintage may not be plentiful, but it should be good.

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Utah is an alcohol control state. A new citizen initiative wants to change that

The initiative is asking voters to take the pricing and distribution of liquor, beer and wine out of state hands and privatize the industry.

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WSWA Sees Market Growing Stronger In Second Half

The Wine & Spirits Wholesalers of America (WSWA) released its SipSource mid-year report, detailing trends in the industry from July 2022 through June 2023. The data show spirits and wine depletions down a combined 3.8% in the 12-month window, slipping … Continue reading →

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Shatter, sunburn, and millerandage: the challenge of estimating crops in a year like 2023

Exactly one year ago we started the 2022 harvest with four tons of Viognier off the estate. Not this year. Here we're still in such an early stage of veraison that there's a lot more green than red out there...

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Brock knowledge mobilization research aims to help Niagara grape growers

Niagara grape growers require access to research to make informed decisions about the best ways to manage their crops. This means researchers and intermediaries, such as crop consultants and advisory personnel, need to get emerging findings to them as quickly as possible.

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Wine Industry Professionals

New Masters of Wine from Italy and the US announced today

Having passed the final stage of the notoriously difficult Master of Wine exam, two new MWs have been announced today, with one of them a specialist in pergola vine training and the other an expert on wine references in songs by the Grateful Dead.

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Ornellaia's winemaker Olga Fusari resigns

Ornellaia looks to replace incredibly successful winemaking team following impending departure of Axel Heinz and Olga Fusari this October.

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Finance, Investment, M&A

Napa wineries invest big in Washington

With wildfires becoming an increasing issue in California, big names in the Napa Valley are snapping up prized vineyard sites in Washington to hedge their bets.

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Constellation Brands Dips More Than Broader Markets: What You Should Know

Constellation Brands (STZ) closed the most recent trading day at $258.27, moving -1.44% from the previous trading session. This change lagged the S&P 500's daily loss of 1.35%. At the same time, the Dow lost 1.08%, and the tech-heavy Nasdaq lost 1.87%.

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Environment, Climate, Wildfires & Smoke

Napa County supervisors take on groundwater issues

Napa County is trying to balance how groundwater serves both vineyards and the environment.

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Wildfires affect turnout for wine tastings across the Okanagan

Heavy smoke and travel restrictions affected area wineries

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Growing Your Business, Sales & Marketing

How to make Malbec with a strong sense of place

Peter Dean tastes and rates four new premium Zuccardi wines with winemaker Sebastian Zuccardi, including the new Finca Canal Uco, 2020

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Consumers 'being fed the lie'

Wine critic Jeremy Oliver likens the current online wine market to a race to the bottom in price – “where brands fear to tread but typically feel fearful not to participate”.

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Investing in Wine, Collecting & Auctions

Vint’s Innovative Approach To Fine Wine Investment Accessibility

Stay up to date with the latest on Vint here As the lines between the physical and digital worlds blur, barriers to investment accessibility are crumbling. This shift is democratizing the investment landscape, making both mainstream and niche industries accessible not just to the elite but to the average investor as well.

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SVMoA raises more than $1.2 million a 42nd annual Sun Valley Wine Auction

The Sun Valley Museum of Art Wine Auction raised more than $1.2 million to support the museum’s exhibitions, education initiatives and public programming. Held June 26-30, the week’s events hosted

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Wine Supply & Consumption

Provence, Pernod and the rise of ‘pink gold’

Nicknamed ‘pink gold’ on the Cote d’Azur, Provence rosé continues to see a flood of investment into the category – most recently demonstrated by Pernod...

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Harvest of sparkling wine grapes begins in Paso Robles

Sparkling wine harvest starts three to four weeks earlier than wine grapes for still wines – Sparkling wine producer Vino Vargas kicked off its 2023 […]

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Today’s Most Interesting Wine Industry Data

“Decline in walk-in tastings since COVID is telling. The walk-in model has not revererted to pre-COVID penetration and likely will not do so.”

Source: 2023 SVB Direct-to-Consumer Wine Survey

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France, EU to spend 200 mn euros on destroying excess wine // Alcohol-free wine’s promise needs buyer boost

August 25, 2023 - Wine Industry Insight Daily News Feed

Today’s Top Story

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Finance, Investment, M&A

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Environment, Climate, Wildfires & Smoke

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Growing Your Business, Sales & Marketing

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Investing in Wine, Collecting & Auctions

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Wine Supply & Consumption

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Today’s Most Interesting Wine Industry Data

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