Emile Gentis, VINEX’s regional manager for South Africa gives his on the ground assessment of the current trading and production conditions in the country and their likely impact on exports and global sourcing. The overall trend in South Africa is that ... It has been a seller’s market for the last two years and it will still be so, for Chardonnay, Merlot, Cab Sauvignon and maybe Shiraz in 2020. Big buyers have moved away to Chile, Spain and Moldova for volumes. Argentina is only sticking its head out now. So this will mean that some South African suppliers ...
2019 SA crop estimated at 1,225,620 tons (1.4% less than 2018).
"As a totally unrelated sector, it is unacceptable for the spirits producers having to pay the price for a dispute that is essentially about civil aircraft subsidies. It is particularly irritating to see that unrelated sectors like ours will be hit by an extra 25% tariffs when the sector at stake will only be imposed a 10% rate." Ulrich Adam, spiritsEUROPE
The US is to impose $7.5bn of tariffs on exports from the EU including French, German, Spanish and English wine, as well as Scotch whisky, in retaliation for subsidies provided to the aerospace company Airbus.
The tariffs, which were announced yesterday after the World Trade Organisation gave its approval, could come into effect as soon as October 18th, and represent a ramping up of president Trump’s ongoing trade dispute with the EU.
The list of products hit by the new tariffs is extensive, and includes hundreds of European agricultural products that will be subjected to a 25% tariff, though Italian and sparkling wine is exempt. The USTRO said it would continue to “re-evaluate these tariffs based on our discussions with the EU” and expects to enter talks in an attempt to resolve the row.
The US sent about $319 billion in goods to the EU countries combined in 2018, making them the largest American export market. The US, meanwhile, imported about $488 billion in products from the EU, and the nations combined are America’s second-largest supplier of goods.