Tuesday 30 July 2019

Brexit headache for Australian wine

https://www.afr.com/companies/retail/brexit-headache-for-australian-wine-20190729-p52bno

Brexit headache for Australian wine


KEY POINTS

  • UK supermarkets asked Australian wine producers to increase shipments earlier this year so they could build up stock levels in warehouses ahead of all possible eventualities on Brexit.
  • Demand from British wine drinkers has softened, and that may be because of overall uncertainty about Breixt at a broader consumer level.
  • Accolade Wines runs a huge bottling plant near Bristol in the UK which bottles wine sent from Australia in large plastic ''bladders'' holding enough liquid to fill 33,000 bottles.
The UK wine market is slowing considerably even though many increased shipments months ago to try to beat the Brexit uncertainty at the urgings of large British supermarket chains keen to secure extra stock as a buffer against any looming logjam at ports.

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