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Afternoon Brief, Feb 5

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California’s drought could raise foreign wine imports to the US and bulk wine prices
With California in the midst of one the most severe droughts in its history, the shortfall in domestic wine supply in the US could see a rise in bulk wine prices and an increase in foreign wine imports…

Today’s News

Drought conditions concern North Coast grape growers
The North Coast needs an additional foot of rain between now and May just to get back to drought conditions seen in 1977, and even then Lake Mendocino could still go bone dry by autumn for the first time in recorded history, water officials said Tuesday…

Farm Bill Advances to President for Signature
The U.S. Senate and House passed a new Farm Bill, H.R. 2642, the Agricultural Act of 2014 today. The bill, which sets farm policy and spending levels for the next five years, contains a number of programs of importance to the California wine industry…

Wine-threatening weevil intercepted at Norfolk port
Federal officials say they recently intercepted a pest at the port of Hampton Roads that could have posed a threat to Virginia’s fast-growing wine business…

E & J Gallo Winery Aquires U.S. Distribution Rights for Italian Brand, Allegrini Estates

Wellington Management has increased its stake in Treasury Wine Estates to 5.73%

St. Helena citizens debate small winery ordinance

Australian wine grape diversity decreasing, but thirst rising

Grapevine gene bank under threat

Denz Acquires Wine Estate Lafaurie-Peyraguey From GDF

Severe weather may crush wine varieties in Ohio

Tennessee wine bill may need tweaking before all sides are satisfied

Farm-based beverages surge in NY

Feds announce $20M for California drought relief

Bordeaux seeks to cultivate the collectors of tomorrow

Supplier News

Scientific Certification Systems Recognizes GTREE Paper With Forest Stewardship Council Chain of Custody Certification

Wine Tour Operators Expect 21% Increase Worldwide in 2014

Earnings rise 28% for Exchange Bank

New Pallet, Sleeve, And Top Cap System, Available From Orbis Corporation

Enartis Vinquiry adds 3,893 sq foot of storage space and creates Enartis Vinquiry Education Center

Livermore wine label printing company expands to Santa Rosa

Mercer County Community College vineyard now producing wine; classes coming

Eurofins PLans New Webinar Series on Vineyard Issues Affecting Wine Quality

Corby Spirit and Wine announces quarterly dividend and reports second quarter financial results

Turrentine’s Preliminary Grape Crush Report Findings

Irishman to run Naked Wines UK

Drinks Business Launches 2014 Drinks Business Awards

WineAmerica Celebrates Passage of 2014 Farm Bill

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