AGP Executive Report
Last update: an hour agoWine Trade: California wineries are still reeling from Canada’s alcohol ban, imposed amid the tariff dispute; Ironstone Vineyards, once heavily reliant on Canadian exports, faces major revenue losses. Beverage Earnings: Mondelēz reported third-quarter revenue up 2.3%, with volume and mix growth of 1.8%. Aptar said beverage-dispensing innovation is supporting growth, including double-digit core sales gains in its closures segment. Beer Market: AB InBev is betting on premium beer as local growth slows, while Heineken warns weight-loss drugs could pressure beer sales and urges pubs to promote non-alcoholic options. Production: City Brewing plans to add 2.5 million barrels of capacity in 2027. UK Duties: The Autumn Budget’s planned increases—3p per pint of beer and 18p per bottle of wine—have drawn sharp criticism from drinks and hospitality businesses, including Scotland’s whisky sector.
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