The Australian Wine Club: Secret Cellar offers premium shiraz and cabernet deal
Pannell, a doctor who became one of the pioneers of Margaret River by planting some of its first vines in 1969 and establishing the revered Moss Wood estate, spoke to The Australian as our wine club put the finishing touches on its latest Secret Cellar release.
Our Secret Cellar offer this week brings together a sublime 96-point McLaren Vale shiraz, another McLaren shiraz star created by one of its highest-profile winemakers, a blockbuster Barossa shiraz-grenache and a classic 2017 Margaret River cabernet blend from one of the Halliday Wine Companion's highest-rated wineries.
As keen followers of this column know, our Secret Cellar deals offer deep discounts (this week more than 50 per cent) but the catch is you won't know what's in the box until it arrives at your door.
We do offer a guaranteed refund if you're not happy but we don't publicise the wineries' identities to ensure their normal price points are not permanently eroded while trying to quickly sell excess stock caused by the glut.
Bill Pannell. Picture: Picardy Wines
Pannell, who went on to establish celebrated pinot noir and chardonnay producer Picardy at Pemberton after selling Moss Wood, keeps a close eye on the wine market in China.
'It now seems that, unlike the rest of the world, young Chinese are increasing their consumption of wine and are quite experimental in their choices,' Pannell told us.
And while red wines have traditionally accounted for almost 90 per cent of wines imported by China, younger drinkers are discovering a taste for fruity white wines, particularly in the warmer months. Official Chinese Customs data during summer last year shows that imports from New Zealand and Germany – countries that primarily export white wine to China – increased by 30.5 per cent and 24.75 per cent, year on year, according to reports in the Chinese media.
Meanwhile, dominant red wine export countries Spain, France and Italy saw their sales to China decline by between 21 per cent and 25 per cent year on year.
Australian white wine exports to China presently only make up 6 per cent of the total wine volume shipped, presenting an obvious opportunity.
Pannell believes the Australian wine industry needs to do two things: start grafting some of our cabernet sauvignon vines to chardonnay, and create a new white wine marketing plan.
'For growers in warm, inland irrigation areas, who are being offered prices for red grapes that are below cost of production, it represents an opportunity for them to graft over to white varieties and get greater returns,'' he says.
Pannell, who celebrated his 84th birthday last week and still works in his Picardy vineyards, says: 'From our own recent experience, chardonnay grafts really well on to cabernet sauvignon and crops really well on it. On the local market in Australia, supply and demand for white grapes, particularly chardonnay, is in balance and if we could persuade the Chinese to drink more whites it would alleviate much of the current oversupply problem by reducing red grape production.'
But, as a word of warning, he says wine marketers should be aware that in Chinese culture, white is perceived as the colour of death and mourning. He points out that so-called 'white wines' are actually translucent, with varying shades of gold, yellow and green – all desirable colours in Chinese culture.
'Gold holds top billing and symbolises wealth, prosperity, power, abundance and good fortune and is considered to generate both Yin and Yang,'' he says. 'Why, then, are we insisting on marketing varieties such as chardonnay, which isn't really white at all, as 'white wines'? Surely 'golden wines' would be preferable from a marketing perspective.'
McLaren Vale
Shiraz 2021
A standout wine. Lavish blackberry and cherry aromas invite attention, with a swirl of vanilla, chocolate, liquorice and a hint of black olive and smoked meats. Generous black and red fruits wash across the mouth; savoury notes offer complexity. Soft, velvety tannins and good acid bring pitch-perfect balance. 96 points, Wine Orbit. 14.5% alc; RRP $65.
SPECIALS: $25.99 a bottle in Secret Cellar dozen.
McLaren Vale
Shiraz 2021
Classic McLaren shiraz style: sweet fruit aromas of plums and black cherry weave a spell with milk chocolate, vanilla, spice and toasty oak. Mouth-coating, concentrated and full-bodied; firm tannins. Barbecued eye fillet an obvious partner. 94 points, Halliday Wine Companion. 14.5% alc; RRP $60.
SPECIALS: $25.99 a bottle in Secret Cellar dozen.
Barossa Valley
Shiraz Grenache 2021
Raspberries and redcurrant aromas and flavours from the grenache fuse with ripe plums and blackberry from the shiraz. Hints of bay leaf, herbs, sweet liquorice, fruit cake, vanilla and chocolate all play their part in this plush, more-ish treat. 94 points, Wine Orbit. 15% alc; RRP $50.
SPECIALS: $25.99 a bottle in Secret Cellar dozen.
Margaret River Cabernet Merlot 2017
Leap-from-the-glass aromas of blackcurrant, pencil shavings and herbs, mingling with cassis, cocoa nibs, plum, bramble, tobacco and olive. Polished fresh fruit on the palate. Juicy acidity; soft tannins; perfectly balanced. 93 points, Halliday Wine Companion. 14% alc; RRP $35.
SPECIALS $25.99 a bottle in Secret Cellar dozen.
SECRET CELLAR DOZEN Three bottles of each wine above for $25.99 a bottle. SAVE $318
Order online or phone 1300 765 359 Mon-Fri, 9am-5pm AEST and quote 'ACCJ'. Deals available only while stocks last. The Australian Wine Club is a commercial partnership with Laithwaites Wine.
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ON THE ASX: * The benchmark S&P/ASX200 index on Tuesday gained 106.7 points, or 1.23 per cent, to 8,770.4 * The broader All Ordinaries rose 106.8 points, or 1.20 per cent, to 9,028.8 CURRENCY SNAPSHOT: One Australian dollar buys: * 64.60 US cents, from 64.81 US cents on Monday . * 95.17 Japanese yen, from 95.68 Japanese yen * 55.93 euro cents, from 65.02 euro cents * 48.65 British pence, from 48.80 British pence * 109.68 NZ cents, from 109.60 NZ cents Australia's share market has posted its best-ever close as confidence around company earnings and future interest rate cuts washed out global growth concerns. The S&P/ASX200 surged 106.7 points higher, up 1.23 per cent, to 8,770.4, while the broader All Ordinaries shot 106.8 points higher, or 1.20 per cent, to 9,028.8. The result pipped the top-200's previous record close of 8,757.2, but finished just six points shy of its intraday best of 8,776.4 set in mid-July. 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ON THE ASX: * The benchmark S&P/ASX200 index on Tuesday gained 106.7 points, or 1.23 per cent, to 8,770.4 * The broader All Ordinaries rose 106.8 points, or 1.20 per cent, to 9,028.8 CURRENCY SNAPSHOT: One Australian dollar buys: * 64.60 US cents, from 64.81 US cents on Monday . * 95.17 Japanese yen, from 95.68 Japanese yen * 55.93 euro cents, from 65.02 euro cents * 48.65 British pence, from 48.80 British pence * 109.68 NZ cents, from 109.60 NZ cents Australia's share market has posted its best-ever close as confidence around company earnings and future interest rate cuts washed out global growth concerns. The S&P/ASX200 surged 106.7 points higher, up 1.23 per cent, to 8,770.4, while the broader All Ordinaries shot 106.8 points higher, or 1.20 per cent, to 9,028.8. The result pipped the top-200's previous record close of 8,757.2, but finished just six points shy of its intraday best of 8,776.4 set in mid-July. The prospect of cheaper US and Australian borrowing costs helped interest rate-sensitive sectors like financials, real estate, technology and consumer discretionary stocks lead all 11 segments higher. On top of this, Australia's prospect as a market where investors could weather uncertainty elsewhere was likely growing, Pepperstone head of research Chris Weston said. "We've got a very, very stable banking sector with excellent liquidity, so you're looking for a safe harbour in this kind of area, I think Australia ticks the right boxes" he told AAP. "Now, you're not going to get a huge amount of foreign investments looking at Australia, because you do have a scarcity of incredibly liquid assets." Tuesday's performance showed investors weren't worried about taking on risk heading into earnings season, Mr Weston said. Consumer discretionary stocks led the gains with a 1.8 per cent surge, as Bunnings owner Wesfarmers jumped 2.83 per cent to $87.52 per share and JB Hi-Fi lifted 1.8 per cent to $115.80. The financial sector surged 1.5 per cent as all big four banks' respective market caps sailed 1.4 per cent or more higher on a sea of green. NAB was the best performer, rallying 1.6 per cent to $38.80. Australia's IT sector wiped out Monday's losses with a 1.3 per cent gain, tracking with an overnight rally in US tech stocks. Hopes of cheaper borrowing costs helped real estate stocks push 1.4 per cent higher, with strong performances by Dexus, GPT Group and Charter Hall. Miners rallied for a second straight day, as continued strength in iron ore prices helped push large caps BHP, Rio Tinto and Fortescue 0.4 per cent to 0.5 per cent higher. Gold producers also pushed higher despite a slight downtick in the gold prices during the session, with Newmont Corporation (+4.1 per cent) and Ramelius Resources (+3.9 per cent) standing out. Rare earths miner Iluka Resources was the top-200's best performer with a 8.7 per cent surge after federal resources minister Madeleine King flagged setting a price floor for the commodity group to shore up investment. Also with some help from government was second-best performer Austal, the shipbuilder's shares pushing 7.9 per cent higher after securing billions in defence contracts and winning strategic asset designation by the federal government, which will make it a tough takeover target for overseas buyers. The Australian dollar is buying 64.60 US cents, edging higher than 64.41 US cents on Monday at 5pm. ON THE ASX: * The benchmark S&P/ASX200 index on Tuesday gained 106.7 points, or 1.23 per cent, to 8,770.4 * The broader All Ordinaries rose 106.8 points, or 1.20 per cent, to 9,028.8 CURRENCY SNAPSHOT: One Australian dollar buys: * 64.60 US cents, from 64.81 US cents on Monday . * 95.17 Japanese yen, from 95.68 Japanese yen * 55.93 euro cents, from 65.02 euro cents * 48.65 British pence, from 48.80 British pence * 109.68 NZ cents, from 109.60 NZ cents Australia's share market has posted its best-ever close as confidence around company earnings and future interest rate cuts washed out global growth concerns. The S&P/ASX200 surged 106.7 points higher, up 1.23 per cent, to 8,770.4, while the broader All Ordinaries shot 106.8 points higher, or 1.20 per cent, to 9,028.8. The result pipped the top-200's previous record close of 8,757.2, but finished just six points shy of its intraday best of 8,776.4 set in mid-July. The prospect of cheaper US and Australian borrowing costs helped interest rate-sensitive sectors like financials, real estate, technology and consumer discretionary stocks lead all 11 segments higher. On top of this, Australia's prospect as a market where investors could weather uncertainty elsewhere was likely growing, Pepperstone head of research Chris Weston said. "We've got a very, very stable banking sector with excellent liquidity, so you're looking for a safe harbour in this kind of area, I think Australia ticks the right boxes" he told AAP. "Now, you're not going to get a huge amount of foreign investments looking at Australia, because you do have a scarcity of incredibly liquid assets." Tuesday's performance showed investors weren't worried about taking on risk heading into earnings season, Mr Weston said. Consumer discretionary stocks led the gains with a 1.8 per cent surge, as Bunnings owner Wesfarmers jumped 2.83 per cent to $87.52 per share and JB Hi-Fi lifted 1.8 per cent to $115.80. The financial sector surged 1.5 per cent as all big four banks' respective market caps sailed 1.4 per cent or more higher on a sea of green. NAB was the best performer, rallying 1.6 per cent to $38.80. Australia's IT sector wiped out Monday's losses with a 1.3 per cent gain, tracking with an overnight rally in US tech stocks. Hopes of cheaper borrowing costs helped real estate stocks push 1.4 per cent higher, with strong performances by Dexus, GPT Group and Charter Hall. Miners rallied for a second straight day, as continued strength in iron ore prices helped push large caps BHP, Rio Tinto and Fortescue 0.4 per cent to 0.5 per cent higher. Gold producers also pushed higher despite a slight downtick in the gold prices during the session, with Newmont Corporation (+4.1 per cent) and Ramelius Resources (+3.9 per cent) standing out. Rare earths miner Iluka Resources was the top-200's best performer with a 8.7 per cent surge after federal resources minister Madeleine King flagged setting a price floor for the commodity group to shore up investment. Also with some help from government was second-best performer Austal, the shipbuilder's shares pushing 7.9 per cent higher after securing billions in defence contracts and winning strategic asset designation by the federal government, which will make it a tough takeover target for overseas buyers. The Australian dollar is buying 64.60 US cents, edging higher than 64.41 US cents on Monday at 5pm. ON THE ASX: * The benchmark S&P/ASX200 index on Tuesday gained 106.7 points, or 1.23 per cent, to 8,770.4 * The broader All Ordinaries rose 106.8 points, or 1.20 per cent, to 9,028.8 CURRENCY SNAPSHOT: One Australian dollar buys: * 64.60 US cents, from 64.81 US cents on Monday . * 95.17 Japanese yen, from 95.68 Japanese yen * 55.93 euro cents, from 65.02 euro cents * 48.65 British pence, from 48.80 British pence * 109.68 NZ cents, from 109.60 NZ cents