From: lewis.perdue@wineindustryinsight.com
Subject: Majestic Doubles Down on Naked Wines, To Shut More high street Stores - To Kalon Vineyard Lawsuit a Test for Napa - Prop 65 - Escaping a Notice of Violation - Millenials do not exist: so why market to them? -- March 25, 2019 - WINE NEWS FETCH
Date: 2019-03-24 20:13:08
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Just as canned wine takes off, aluminum can prices rise: Tariffs & conversion to vehicle uses to blame
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DAILY NEWS FETCH - March 25, 2019
CREATED BY WINE INDUSTRY INSIGHT & MADE POSSIBLE BY OUR SPONSORS
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Just as canned wine takes off, aluminum prices rise: Tariffs & conversion to vehicle uses to blame. The double-feature charts are at Daily Data. Scroll down.
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Just as canned wine takes off, aluminum can prices rise
"Beverage companies say can-sheet manufacturers have raised prices to reflect the tariff and lower U.S. production. Kelly Clay, chief executive of Wyoming-based Admiral BeverageCorp., said his costs for cans from Crown Holdings Inc. and Ball have increased 15% since the tariff took effect. That obliged him to raise prices on the drinks he bottles and distributes for PepsiCo Inc. in seven Western states by about 15% as well, to $3.35 for 12 cans of soda." -- Wall Street Journal (Possible paywall)
Source: Wall Street Journal (Possible paywall)
"Producing aluminum for cans isn’t as profitable as rolling sheet for car companies. Aluminum rolling mills are paid about $1 a pound above the market price for the raw-aluminum ingots they use to make auto-body sheet, compared with about 35 cents a pound for converting can sheeting." -- WSJ

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TODAY'S FEATURED WINE

2015 Prats & Symington Prazo de Roriz (Portugal). 33% touriga franca, 27% touriga nacional, 27% tinta barroca, 7% tinta roriz, 6% tinta amarela according to info I found online. Fruit forward with a little spicy kick on the finish. Nice! Purchased for $14.99 from Hover Crossing Wine & Spirits in Longmont, CO. -B
This NewsFetch was hand-crafted for you by Editor Becca Yeamans-Irwin (The Academic Wino) and Publisher/Executive Editor, Lewis Perdue.
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================= CONTACT DATA ====================
Lewis Perdue
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Phone: 707-326-4503, fax: 707-940-4146
Email: lewis.perdue@wineindustryinsight.com
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