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Nigeria's elite make country toast of champagne sellers

The party was just getting started at a plush club in this teeming Nigerian city, hip-hop blaring, the bar bathed in blue light -- and champagne bottles on ice already adorning tables. "Too much oil money," said a 40-year-old man at Rhapsody's in the high-end Victoria Island district of Lagos, when asked about Nigerian spending on champagne. Two bottles of Laurent-Perrier chilled in ice buckets on the table in front of him. His company was picking up the tab, like others here, he said, declining to give his name or say what he did for a living.

Croatian winemakers upset by EU label rules

By Zoran Radosavljevic JELSA, Croatia (Reuters) - For Croatian winemakers, dreams of European Union market bounty came crashing down after recent trade bans exposed them to the hurdles which await agricultural greenhorns in the wealthy bloc. In the face of strict appellation and protection rules in the EU, which Croatia joins on July 1, tradition and local pride had to give way, although local winemakers say it's not over yet.

US billionaire wins $12 mln in damages in wine fraud case

A New York jury on Friday awarded $12 million in damages to a US billionaire, who said he had been defrauded when he paid thousands of dollars for supposedly vintage wine that turned out to be fake. John Hueston, a lawyer for Florida energy executive Bill Koch, confirmed the award to AFP, saying his client was very pleased with the outcome.

Wine critics say cheers to Bordeaux's new vintage

Wine professionals declared themselves "pleasantly surprised" with the 2012 Bordeaux vintage but demand from China was expected to be weak due to losses on 2010 wines. China is currently Bordeaux's biggest market in terms of volume and second in value, but Chinese buyers were expected to stay away this time. "They won't touch it," said Gary Boom, managing director of Bordeaux Index, with offices in London, Hong Kong and Los Angeles.

Fake wine trial wraps up in New York

A US billionaire's attempt to put a cork in what he says is flagrant fraud in the top-end wine trade reached a climax Thursday with closing arguments in his trial against another wealthy collector in New York. Bill Koch, brother to the better known siblings who help fund the conservative Tea Party movement, made a complaint in 2007 that Eric Greenberg sold him wine that was not the rare vintages claimed on the labels.

Rare wine dealer pleads not guilty to fraud in US

Rudy Kurniawan, once hailed as one of the world's most influential rare wine dealers, pleaded not guilty Wednesday in a US court to charges he was passing off ordinary bottles as expensive vintages. The Indonesian-born Kurniawan entered his plea in a federal court in New York after prosecutors filed a new indictment that updated existing charges against him, to which he had previously also pleaded not guilty.

Pandas vs pinot as vineyards adjust to warming

Which is more important, pandas or pinot? Researchers say that is a question conservationists and wine-growers will have to answer in the coming years as climate change sparks a hunt for cooler places to grow wine grapes, even if those places are home to sensitive animal populations. Already, big players in the $290 billion a year global wine industry are eyeing land in northern climes as rising temperatures force them to consider growing in places other than the most popular spots in the Mediterranean, Australia and California.

High hopes for Japan's wine in the old world

A thousand years ago, a vine that had travelled from the Caspian Sea coast along Asia's Silk Road arrived in Japan, where its fruit was heralded as having unique medicinal purposes. Now the "Koshu grape" fills terraces on the foothills of Mount Fuji, where those in the know say it makes a pretty decent and uniquely Japanese white wine that industry leaders say they intend to export to the West. "The Koshu grape is well suited to the climate," said winemaker Naoki Watanabe. "Its skin is thicker than other varieties to better withstand the heavy rainfall we get here."

Italy bids to close gap in wine exports to China

Italy is bidding to close the gap with its competitors in wine exports to China, said organisers of a major wine fair that opened on Sunday with a Chinese commerce ministry delegation in attendance. The Vinitaly fair in Verona in northern Italy is "a connecting bridge between Italian wine producers and the Asian market, which is close to becoming the biggest consumer of wine in the world," organisers said in a statement. Italy is only fifth among countries exporting wine to China with a market share of 6.2 percent and "it needs to close the gap", the statement said.

Crisis brings down Italian wine drinking to record low

Wine-drinking in Italy has reached record lows thanks to the economic crisis and changing consumer habits, according to a report by the country's main farmers' association released on Saturday. Consumption has plummeted by 22 percent over the past decade to its lowest level since the 19th century, with sales falling by two percent between 2011 and 2012 alone, the report by Coldiretti found. Italians drank a total of 22.6 million hectolitres of wine in 2012, compared to 29.0 million hectolitres in the United States and 30.3 million in France.
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