Blog: Trading places
Chris Brook-Carter | 10 August 2004
Just got off the 'phone to our Australian correspondent Tony Baker after a good chat about free trade and the recent trade agreement between Australia and the US.
He believes the Australian wine industry is unimpressed with the agreement which is due to be ratified by Parliament in Canberra this week, despite officially supporting the pact.
In practice, he says, the Aussie industry is underwhelmed because most of the promised benefits will not be apparent until 2015 as tariff cuts will be phased in over 11 years.
No less practically, Australian wine exports to the US are already booming to the extent that it has become the biggest market by value, a total of A$908m (US$644m).
Rather than tariffs and quotas, Australian producers are more concerned with the Californian grape glut and the complexities of the US state-based distribution system.
Whisk(e)y companies spend a lot of money and effort ageing their products for that premium taste....
PepsiCo created a stir last week with the news it is testing a product called Caleb's Kola, with some in the media claiming it was the beginning of a new “craft soda” category....
SABMiller's bid to widen the appeal of beer is very much in evidence at its latest 'House of Peroni' - with beer cocktails and a bigger bottle for the Italian lager brand on offer. ...
Here's a round-up of the big stories on just-drinks last week, featuring PepsiCo, SABMiller, the Scotch whisky category and the US wine market....
- Analysis - Remy's Cognac "dead-cat bounce"
- Comment - How Hand-Made is Tito's Handmade Vodka?
- Heineken to stay "active player" in beer M&A - CFO
- Focus - Pernod Ricard's Q1 sales by brand
- Time for Heineken to make a European break
- Moët Hennessy unveils first Travel Retail outlet
- United Spirits sees Q1 net loss
- Whisky downturn slows Diageo's Scotch spend
- Beam Suntory, Edrington part ways in Travel Retail
- Pernod Ricard sees sales lift in Q1