Tuesday 7 April 2020
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scmp - 12 days ago

Coronavirus: China’s appetite for Australian wine cools as outbreak saps demand

On Monday, a sales call between a Chinese property developer in Sydney and well-known Australian winemaker Penfolds did not last long.The customer, who appeared on Penfolds’ VIP database, was offered discounts on specific wine collections. This included one of the label’s well-known products, the Bin 28 Kalimna Shiraz, for roughly A$28 (US$16.8) depending on the year, or around a 40 per cent discount. Bottles over different years are priced around A$50 per bottle in retail stores.The executive,…

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