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Is China losing its taste for Australian wine? Industry frets over demand

Meanwhile, exports to the rest of the world continued to decline as high inflation and worries about the health effects of alcohol reduced global wine consumption, industry body Wine Australia said.

The Chinese embargo worsened problems of massive oversupply and low grape prices that have caused farmers to pull up millions of vines. Major producers such as Treasury Wines and Pernod Ricard last year announced sales of assets in Australia.

Beijing lifted its tariffs on March 29 last year after a warming of political relations with Canberra.

Between then and year-end, Australia shipped 83 million litres of wine worth A$902 million (US$560 million) to mainland China, Wine Australia said, a monthly pace of exports similar to that before the tariffs.

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