EASY DOES IT: CEO-chief winemaker Neil McGuigan says Chinese wine palates just starting to developAUSTRALIA’Swine exports for the 12 months to September 30, 2017, were up 13 per cent on 2016 and worth $A2.44 billion – of which $A853 million came from sales to mainland China, Hong Kong and Macau.
The figures, released last week by Wine , theFederal Government statutory authority for wine, showed Greater China was our most valuable export market and had registered a 42 per cent increase during 2017. It dwarfed the value of our other four top markets, with the US yielding $A461 million, the UK $A349 million, Canada $A184 million and New Zealand $A75 million.
In volume terms, the UK was our biggest market with 28 per cent of the total, followed by the US with 23 per cent and mainland China with 17 per cent.
ASX-listed n Vintage (AVL),which was founded in the Hunterin 1992by Brian McGuigan and has many Hunter shareholders, has responded to China’s burgeoning impact on n wine by making aplacement worth $A16.5 million of 15 per centof AVL’s existing capital (35,959,389 shares) to Vintage China Fund.
Vintage China director, Dixon Jiang Yuan has become an AVL director, joining existing board members Richard Davis, Neil McGuigan, Perry Gunner, Peter Perrin, John Davies and Naseema Sparks.
The dealprovides an exclusive distribution agreement with Vintage China Fund for the supply of AVL wines to China and includes a partnership with China’s largest online wine retailer, YesMyWine.
AVL says it will use the $A16.5 million from the placement to drive the global growth of its core brands, reduce its cost base, drive greater efficiency and develop new export markets.
Previously AVL,the parent company of the Tempus Two, Nepenthe and McGuigan brands,had clinched a distribution agreement with COFCO, China’s largest food processing, manufacturer and trader.
CEO-chief winemakerNeil McGuigan said AVLhad sealed the deals byensuring its wine looked and tasted appealing to Chinese consumers, but n wine producers seeking sales in China needed to understand that the Chinese wine palate was just starting to develop.
“Many Chinese consumers are still mixing wine with juice and soft drink, so you need to start gently,” he toldThe Weekly Times.
AVL’s n cellar doors were getting a lot of Chinese visitors, to whom the company aimed to give the best food and wine experiences, and it had two people who spoke Mandarin working in the Hunter Valley cellar door.
WINE REVIEWSA PHILOSOPHICAL TREATTHIS AVL flagshipMcGuigan 2013 The Philosophy Cabernet Sauvignon-Shirazcomes from Clare Valley fruit, is deep purple and has 14.5 per cent alcohol and scents of berry pastille and lavender. The front palate has intense cassis flavour, the middle palate introduces ripe plum, Turkish delight chocolate, peppermint and mocha oak and the finish has supple dusty tannins. Get it on mcguiganwines成都夜总会招聘.auand in fine wine stores. PRICE: $150. DRINK WITH:braised venison shanks. AGEING: 12 years.
RATING: five stars
CRISP, DRY-STYLE ROSÉMADEfrom Adelaide Hills pinot noir, theMcGuigan 2017 Adelaide Hills Roséis a 13 per cent-alcohol, crisp, dry style with blush pink hues and scents of violets. Ripe strawberry flavour displays on the front palate, blueberry, spice and gunmetal characters chime in on the middle palate and flinty acid refreshes at the finish PRICE: $24. DRINK WITH:salmon and dill quiche. AGEING: two years.
RATING: four stars
EDEN VALLEY RIESLINGTHEMcGuigan 2017 The Shortlist Rieslingis made from grapes grown in the high country of the Barossa Region’sEden Valley sub-district. It is green-tinted straw and has jasmine aromas and elegant grapefruit front-palate flavour. The middle palate brings elements of green apple, lime zest and slate and the finish has mineral-edged acid. PRICE: $25. DRINK WITH:calamari. AGEING: six years.
RATING: 4.5 stars