User Rating: 5 / 5
The study, called Resilience and Preparedness for the Next Global Wine Consumption Cycle, was authored by Jean-Marie Cardebat, economics professor at the University of Bordeaux, and the University of Verona’s Davide Gaeta, a professor and lecturer on wine business and agri-food markets.
User Rating: 5 / 5
The non-alcoholic beverage industry is growing rapidly. From 2022 – 2023, non-alcoholic beverage sales increased by 32 percent, according to Penn State, while total alcohol sales grew by only 1 percent. Many factors contribute to consumers' trend towards mocktails and non-alcoholic beverages like health and lifestyle factors, the rising cost and trends like Dry January.
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The decline of global wine sales over the last three years is showing no signs of stopping, and the current economic instability promise an even gloomier outlook.
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Spain’s wine exports grew in value last year but volumes fell, new findings from research body Observatorio Español del Mercado del Vino (OEMV) show.
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Canola (Brassica napus) is an oilseed crop belonging to the Brassicaceae family, which also includes mustard, cabbage, and broccoli. It was developed in Canada in the 1970s through selective breeding of rapeseed to reduce levels of erucic acid and glucosinolates, compounds that made traditional rapeseed oil less suitable for human consumption. The name "canola" is derived from "Canadian oil, low acid," reflecting its origin and improved properties.
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The clear intention of Treasury to impose an above-inflation excise tax increase of 6.83% on all alcohol categories for the 2025 budget will exacerbate the pervasive illicit alcohol trade, which already constitutes over 20% of the total alcohol trade. Any above-inflation hike in excise will deal a damaging blow to the alcohol industry, which supports hundreds of thousands of jobs and generates billions in revenue for the government.
