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Britain to get first bulk wine imports from India

INDIAN business Soul Tree and a British firm Kingsland Drinks will jointly introduce a pair of wines in the UK this month.

The joint venture will result in the very first shipment of bulk wine from the south Asian country to Britain.


The two drink companies are set to launch a duo of wines, which will be available for the cheaper house wine market on Indian restaurant wine lists in the UK.

Comprising of Soul Tree Red and Soul Tree White, the pair of wines are designed to drink alongside Indian food.

The new beverages will be bottled, packed, and distributed from Kingsland Drinks in Greater Manchester.

They will join the brand’s existing products such as Sauvignon Blanc, Rosé, and Cabernet Sauvignon.

Ed Baker, managing director at Kingsland Drinks, said: “We believe there is a clear market opportunity for Indian wine, especially in the Indian restaurant sector.”

Adam Marshall, buying controller at Kingsland Drinks, told Retail Times: “The Soul Tree range represents the very first Indian wine in our portfolio and a fresh segment for the category; India is now officially on the map as a bulk wine producer, and we’re excited to lead the way by bringing Soul Tree wines in bulk directly to the UK on-trade.”

Alok Mathur, co-founder and director of Soul Tree wines, noted: “The collaboration builds on our existing varietal range and offers the opportunity to grow our footprint even more so in the UK.”

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Highlights

  • Average UK house price rose 0.3 per cent in October to £272,226, down from 0.5 per cent growth in September.
  • Annual house price growth edged up to 2.4 per cent, with market remaining resilient despite mortgage rates being double pre-pandemic levels.
  • Buyers delaying purchases amid speculation that November budget could introduce new property taxes on homes worth over £500,000.
British house prices grew at a slower pace in October as buyers adopted a wait-and-see approach ahead of the government's budget announcement on 26 November, according to data from mortgage lender Nationwide.

The average house price increased by 0.3 per cent month-on-month in October to £272,226, down from a 0.5 per cent rise in September. Despite the monthly slowdown, annual house price growth accelerated slightly to 2.4 per cent, up from 2.2 per cent in the previous month.

Robert Gardner, Nationwide's chief economist, said the market had demonstrated broad stability in recent months. "Against a backdrop of subdued consumer confidence and signs of weakening in the labour market, this performance indicates resilience, especially since mortgage rates are more than double the level they were before Covid struck and house prices are close to all-time highs".

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