Treasury shares surge on China hopes

Shares in Australia’s biggest wine company Treasury Wine States have rebounded on speculation that wine exports could resume to China in 2023 and analysts expects its run to continue in 2023 as Australia’s relation with China thaw and lockdowns lift after huge nationwide protests against Covid restrictions.

The one to watch: Grüner Veltliner

Bucking a global trend, Australian wines are becoming more diverse, with wineries diversifying away from French grapes to others, including Austria’s Grüner Veltliner. That’s good news for a nation where Shiraz, Cabernet Sauvignon, Merlot, Chardonnay and Sauvignon Blanc dominate wine production, leading to fatigue for many wine consumers.

Bordeaux Chauvinist loves this bargain

“Bordeaux dry white wine bashing” is common in France given the lack of care given to the dry white wines of the region. They often have notes of cat pee, short and sometimes over-wooded to hide flaws, says the Bordeaux Chauvinist. But that was before he bought the “Les Frangines” of Château Thieuley 2020 AOC Bordeaux white wine from Auchan for €6.95 and loved it!
One of the world’s most expensive rosés any good falls short


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