Alberta will resume imports of wine from British Columbia starting Friday, as the B.C. government prepares to take its concerns over piping crude oil to court. In a brief statement Thursday, Alberta’s Premier Rachel Notley said the province has suspended its ban on B.C. wine and will again allow “ordering, receiving and transportation” of B.C. […] Read more
Tag Archives wine — page 3
Alberta halts ban on B.C. wine
Alberta halts B.C. wine purchases in pipeline feud
Reuters — Alberta struck back at neighbouring British Columbia on Tuesday, halting purchases of that province’s wines in retaliation for its potentially holding up expansion of a crude pipeline. B.C. proposed rules last week to temporarily block increased oil shipments through the province, adding another hurdle to Kinder Morgan Canada’s planned $7.4 billion Trans Mountain […] Read more
Australia takes Canada to WTO over wine rules
Geneva | Reuters — Australia has complained at the World Trade Organization about Canada’s rules on wine sales, expanding a similar U.S. complaint against one province. In October, Washington accused British Columbia of providing an unfair advantage to local vineyards by giving their wine an exclusive retail channel in grocery store shelves and cutting out […] Read more
China seen set to become world’s second-biggest wine market
Paris | Reuters — China is set to overtake Britain and France to become the world’s second-largest wine consumer by value behind the U.S. by 2020 as consumers turn to more middle-range wines, the International Wine and Spirit Research (IWSR) organization said Thursday. In a study for wine fair Vinexpo it forecast Chinese wine consumption […] Read more
B.C. to defend wine industry against U.S. trade action
Vancouver | Reuters — The British Columbia government said Wednesday it would defend its wine industry against a trade challenge from the U.S., and was confident it was not breaking any international trade rules. Earlier Wednesday, the U.S. said it started action against Canada at the World Trade Organization, accusing B.C. of discriminating against U.S. […] Read more
World wine output seen at four-year low
Paris | Reuters –– Worldwide wine production is expected to fall this year to its lowest since 2012, chiefly due to adverse weather that sharply cut output in France and South America, wine body OIV estimated on Thursday. Global wine output is set to decrease by five per cent compared with last year to 259.5 […] Read more
Switzerland to recognize Canada’s organic wine, processed foods
Canada and Switzerland have reached a deal to recognize each other’s organic certifications on wine and “multi-ingredient” foods. The two countries on Thursday announced expansions of their previous organic arrangement, which deems their respective certification systems to be equivalent for organic ag commodities and agrifood products. The amended deal takes effect Saturday (Oct. 1). The […] Read more
Constellation considering Canadian wine IPO
Reuters — Constellation Brands said on Wednesday it was considering taking a part of its Canadian wine business public and reported better-than-expected quarterly net sales, helped by strong demand for its premium Corona and Modelo beers. Shares of the New York-based wine, beer and spirits company, which forecast full-year profit largely above estimates, rose as […] Read more
French co-op InVivo plans U.S. wine deal, more food shops
Paris | Reuters –– French agricultural group InVivo is looking to acquire a wine distributor in the U.S. and could open up to 200 food shops in its home market as part of plans to double in size within a decade, InVivo’s CEO said on Tuesday. InVivo entered the wine sector this year through the […] Read more
Treasury Wine to buy Diageo U.K., U.S. wine assets
Sydney | Reuters –– Australia’s Treasury Wine Estates, the world’s biggest standalone wine maker, said Wednesday it had agreed to buy most of Diageo Plc’s U.S. and British wine operations for US$552 million (C$716 million). Treasury also announced a fully underwritten rights issue to raise around A$486 million (C$460 million) to fund the acquisition. The […] Read more
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