Australian wine stuck in Chinese ports as trade relations deteriorate
Pernod Ricard, which owns Australia’s Jacob’s Creek winery, and other wineries, are complaining of trade restrictions between Australia and China
Sydney — Wine shipments from Pernod Ricard’s Australian business have been held up at Chinese ports, two sources have told Reuters, the first foreign company to be harmed by a deterioration in relations between Australia and China. Six Australian wine companies have faced delays at Chinese customs since Prime Minister Malcolm Turnbull complained of Chinese political interference late last year, straining ties, a senior government official said this month. The listed French company Pernod Ricard owns the big-selling Australian wine brand Jacob’s Creek. "Pernod Ricard through its ownership of Jacob’s Creek has been impacted by China’s restrictions," said a government source briefed on the issue, who declined to be identified as he is not authorised to talk to the media. Calls to Pernod Ricard’s French office were not immediately returned. A spokesperson for Pernod Ricard declined to answer specific questions, referring Reuters to the industry organisation Wine Australia. It declined t...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.