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WINE INDUSTRY NEWS


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Headlines: week ending July 31, 2004



Fri, 30 Jul 2004

New Pill May Help Recovering Alcoholics Stay Sober
A new pill that aims to keep alcoholics from drinking again after they have quit could hit the shelves by the end of this year after U.S. health officials approved the drug on Thursday.

This is a Wine Bottle! World's Largest Wine Bottle Holds over 173 Bottles of Beringer Vineyards Private Reserve Cabernet Sauvignon
In a record-breaking move that celebrates its own 25-year history, Morton's, The Steakhouse has commissioned what has just been certified by Guinness World Records as the "World's Largest Wine Bottle(TM)." With the capacity to hold over 173 standard bottles -- the equivalent of 1200 glasses -- of wine, this masterpiece of glassmaking art was certified by Guinness World Records today at a ceremony where the bottle was carefully filled with 130 liters of Beringer Vineyards 2001 Private Reserve Napa Valley Cabernet Sauvignon.



Thu, 29 Jul 2004

Screwcaps instead of corks signal convenience, not wine quality
Winemakers are embracing screwcaps as a way to eliminate the 1 percent to 10 percent of bottles spoiled by a cork contaminated with 2,4,6 trichloroanisole (TCA). TCA, a chemical either present in the bark of the cork tree or one that forms in the cork during processing, strips a wine's fruitiness, making it taste dull or worse, and imparts a wet-cardboard aroma. (It is not harmful to the wine drinker, just to the wine). Many winemakers believe that wines bottled with a screwcap instead of a cork taste fresher, even in the absence of TCA. The reluctance of wineries to switch entirely to screwcaps stems from image and the remaining question of how wines bottled this way will develop as they age.

Promote Healthy Side of Wine, French Report Say
France should exempt wine from a law banning alcohol advertising and promote the health benefits of drinking it in moderation to pull the industry out of crisis, a parliamentary report said on Wednesday.

SA: Top wine producers agree to merge
Two of South Africa's largest wine producers, Stellenbosch Vineyards and Vinfruco, have announced that they are recommending to their shareholders a merger of equals of the two companies.

Premium growth for New World wine makers
Overproduction by New World wine producers has pushed down prices over the last few years, taking a major toll on producers' margins. But a growing trend towards premium wines could save the day, in both established and emerging markets, suggests a new report.

Bordeaux, Burgundy Producers Take Screw Caps for a Test Drive
Although producers in many New World regions -- including the United States, Australia, New Zealand and South Africa -- have embraced the screw cap as a wine closure, French winemakers have been more reluctant to make the turn. But in Bordeaux and Burgundy, where whispers of secret screw-cap testing have echoed through the countryside for years, some producers and négociants are finally going public with the Stelvin closure.

Last Bordeaux mixture factory closes
La Cornubia, the last factory to produce the famous ëBouillie Bordelaise' (Bordeaux mixture) in the Gironde, has ceased trading. The fungicide originally created as a treatment for downy mildew ñ Plasmopara viticola ñ has been made in the region since 1885.

US: Recommended prices for 2004 - North Coast Wine Growers
The following charts detail our wine grape price recommendations for this year's crop. The prices have been developed after consideration of many factors that influence them, some of which are the previous year's crush report, bulk wine availability, new acreage coming into production, direct discussions with winery buyers and independent grape brokers, assessments of crop size for the year, and evaluation of overall wine market trends. Other considerations include the costs of farming, with the expectation that growers receive sufficient remuneration to cover their expenses, and that an appropriate balance be struck between grower compensation and winery bottle prices. The underlying objective entering into our recommendations is that prices are fair to both grower and winery, given a recognition of market conditions and the basic principle that profitability be attainable by both parties.

Snake wine bottles nabbed
A Sri Lankan passenger returning on a flight from Vietnam via Singapore yesterday was nabbed by the Customs for trying to smuggle in four bottles of snake wine. The wine, made from snake blood, is popular in some South East Asian countries as an aphrodisiac.



Wed, 28 Jul 2004

US: Take advantage of pinot noir price
Not that long ago, it was difficult to find a decent American pinot noir for less than $15. An abundance of good grapes and the competitive pressures of wines from other countries have forced the prices down for many domestic red wines.

Antioxidants in Wine
On a recent visit to the DiGrazia winery, I had a long talk with its owner, Dr. DiGrazia. Dr. DiGrazia is a medical doctor, and has been focusing in recent years on the health problems of older people, especially menopausal women. He spent quite a bit of time discussing how important wine is to the health of older people. He mentioned that any woman over 30 should take a good look at her health and begin preparing her body for this period. Dr. DiGrazia is in fact looking into making a blueberry wine solely because blueberries are extremely high in antioxidants, and this combination should be extremely healthy for the drinker.

Perfect wines for summertime come from Sicily
Warm summer days call for cool, flavorful wines from hot, arid climates. Some of the best-tasting values on the market come from Sicily. This region of Italy turns out delicious wines made from grapes most of us have tasted, like Chardonnay and Syrah. It also produces wines made from traditional Italian grapes -- that you really should taste -- like Grillo and Nero D'Avola.

Pink is the perfect summer red
Although I have taught a broad spectrum of wine classes -- everything from "Intro To Wine" to "Unpronounceable French Wines: $50 And Up" -- it's always in the beginner classes that I personally learn the most. Beginners, because they don't know any better, ask the interesting questions wine experts know better than to ask.

NZ Wine Company profit down on last year
The New Zealand Wine Company posted a 31.6 per cent fall in net profit for the year ended June 30. The company reported net profit for the period of $739,000, compared to $1.08 million the previous year.

Vineyard and lifestyle block balance phoney world of TV
International television production company owner Raymond Thompson says he is looking forward to sitting on a tractor and forgetting about actors and scripts on his new Martinborough vineyard and farm.

AUS: Winemaker goes screw-loose
An Australian winery will break with hundreds of years of tradition by abandoning cork stoppers completely, instead bottling all its wines under a screw cap.

Consumers Don't Choose by Grape Variety
New consumer research carried out by Chef & Brewer, a UK pub chain, indicates that grape variety is not a major factor when consumers come to decide what wine to drink.

AUS: Taylors back screw caps 100%
Family-owned Clare Valley producer, Taylors Wines, who has been at the forefront of screw cap closures both here and internationally since 2000, will bottle all of their wine under screw cap from August 2004.

Finland gets hangover from alcohol-tax withdrawal
Helsinki - The Finnish government is foregoing euro 800 000 in drink tax every day because it slashed spirits duties by a third on March 1 ahead of neighbouring Estonia's EU accession, Finnish press reported Tuesday. Wine and spirits sales are strictly regulated in Finland. The state's liquor and wine shops, which have a monopoly, are closed on Sundays and public holidays.


Tue, 27 Jul 2004

US: 2004 North Coast harvest begins next week
An early, hot start to the 2004 winegrape season has cultivated an early harvest for this region, with sparkling wine and white varieties set for picking to begin next week.

French dilemma: Too much wine
France's agriculture minister has pledged to inject more money into the promotion of French wines as the industry braces for a new dilemma: a bumper harvest.

AUS: The coolest of our cool climate wine
Most winemakers chill their grape juice - Andrew Hood freezes it. Mr Hood is in the process of making a batch of ice wine at his Richmond winery.



Mon, 26 Jul 2004

Now, use red wine for tightening stomach and firming breasts!
Red wine is the latest rage in the beauty salons of Buenos Aires, where it is believed that it can tighten the stomach and firm sagging breasts.

Wines with low carbs not only for weight loss
Are you becoming a carb crab, too? The obsession with carbohydrates in diets has me a little grumpy. After all, nothing makes a glass of red table wine taste better than a steaming plate of spaghetti ... or lasagna ... or pizza... or a steak with a big baked potato. Perhaps I should write these columns after lunch.

Foreign ownership 'good for wine industry'
Foreign ownership is a key to making New Zealand wine a global brand, a winemaker says. Ross Spence, who founded Matua Valley Wines with his brother, Bill, in 1973, told an innovation conference on Friday that foreign interests now owned 85 per cent of New Zealand's wine production.

Cash boost will help to promote Marlborough wines
Wine Marlborough intends to continue to increase the international profile of Marlborough wines with a $28,000 boost, thanks to New Zealand Trade and Enterprise. Marlborough Winegrowers Association chief executive Michelle Beckett said the regional body had been granted the money for a clusters facilitator.

AUS: Southcorp changes after resignation
Southcorp Ltd has appointed a new deputy chair following yesterday's resignation of Thomas Burnet as a director and president and CEO of Southcorp Wines in the Americas. Margaret Jackson will assume the position from 23 August. "Like many others in the Australian business community, I've been following the fortunes of Southcorp and believe that it is a good company with great prospects," Jackson said in a statement.

AUS: Change tipped for wine
About one-fifth of Australia's $10 billion in wine assets are tipped to be shifted into sale/leaseback agreements in the next five years as they accelerate towards becoming virtual businesses.
   
   

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