Saturday, 31 October 2009

Argentina Imports Wine From Chile

I came across this interesting bit of news this morning.

For the first time since 1993, Argentina has had to import wine from Chile to keep up with demand. A major drought in Mendoza has led to a 30% drop in its red wine production. 2% of Argentine wine is now Chilean. 900,000 hectares of Argentine vineyard has seen a 60% fall in production. That's pretty serious.

This should give pause for thought for those who have been cheerleading Argentine vineyard real estate for the last few years...Chile's a far better and safer bet on so many levels. And there's plenty of water here.

If you're interested in buying a vineyard or real estate in Chile, please just get in touch: Chile Investments.

6 comments:

  1. Very interesting... it's not as though you'd be seeing Chilean wines popping up in Argentine stores, sounds like. More like the Argentine wineries buy it and bottle it as their own, no?

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  2. Yeah, that's what I reckon. It's really hard to get Chilean wine in Argentina (and vice-versa, apart from Argentine champers. Chilean sparkling wine is truly heinous). They buy the wine a granel and then bottle it as theirs. US wineries do this too.

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  3. For more information on Chilean wines check out www.chilean-wine.com

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