Ageing Bourbon barrel numbers hit 8.5m

More than 8.5 million barrels of Bourbon are maturing in Kentucky – equivalent to two barrels for every person living in the state, according to the Kentucky Distillers’ Association (KDA). The total number of all barrels reached 9.1m – the highest amount since 1968. More than 2.1m barrels of Bourbon were filled last year. “This is a historic day that cements Kentucky’s rightful title as the one, true and authentic home for Bourbon and distilled…

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Drinks groups unite to call for urgent end to US tariffs

Fifteen alcohol trade groups have sent a letter to the US administration and EU Commission calling for an urgent end to 25% tariffs on EU goods, including single malt Scotch, which could result in the loss of 8,000 jobs. On 2 October, the US government revealed its intentions to impose a 25% import tariff on EU goods, including single malt Scotch whisky, single malt whiskey from Northern Ireland, liqueurs and cordials from Germany, Italy, Spain, Ireland…

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Beam CEO: ‘Big ambitions’ for House of Suntory

Albert Baladi is in the driving seat as Beam Suntory’s new president and CEO. He tells The Spirits Business about his ambitions to position Bourbon as the world’s foremost whisk(e)y and make his company the ‘most admired’ in the industry. *This feature was originally published in the August 2019 issue of The Spirits Business In 1795, three years after Kentucky became a US state, farmer and grain mill operator Jacob Beam filled his first barrel…

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WTO formally backs US tariff on single malt Scotch

The World Trade Organization (WTO) has formally given the US the go ahead to impose US$7.5 billion worth of tariffs on exports from the EU, including single malt Scotch whisky. On 2 October, the US government revealed its intentions to impose a 25% import tariff on EU goods, including single malt Scotch whisky, single malt whiskey from Northern Ireland, liqueurs, cordials and wine on 18 October 2019. Yesterday (14 October), WTO members authorised the measure…

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US slaps 25% tariff on Scotch whisky

The US is set to enforce US$7.5 billion of tariffs on exports from the EU, including Scotch whisky and liqueurs, over an ongoing dispute with the World Trade Organization (WTO). Yesterday (2 October), the US government announced it would impose a 25% import tariff on EU goods, including Scotch whisky, liqueurs, cordials and wine. The US has also imposed a 10% tariff on aircrafts. The US said it had the authority to increase the tariffs,…

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