Daily Newsletter

17 August 2023

Daily Newsletter

17 August 2023

E&J Gallo becomes Australian winery Wirra Wirra’s exclusive US distributor

It’s been a tough period for Australian wine exports as they continue to struggle in traditional markets, an issue compounded by Chinese tariffs.

Conor Reynolds August 17 2023

Wirra Wirra Church Block Cabernet Sauvignon. Credit: Wirra Wirra / Facebook

MGP Ingredients, the US distiller home to El Mayor Tequila and Penelope Bourbon, has cut its forecasts for sales and underlying earnings.

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Non-alcoholic drinks market remain resilient despite inflationary pressure

Per GlobalData analysis, the non-alcoholic beverages (NAB) market has a strong outlook in terms of value and steady forecasting for volume up to 2026. The industry has been resilient to the pandemic and inflationary pressure as consumers continue to up their intake of NABs. Rising health and wellness trends mean that a growing number of consumers are swapping alcohol consumption for NABs while others are adding more drinks to their diet for improved hydration and extra nutritional value from fortified and functional NABs.

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