The latest issue of U.K.-based Decanter magazine focused on the growing wine culture in Chile, a country it deemed a “grape growing and wine producing paradise” due its geographical diversity.
The Chilean wine company Viña Montes plans to invest 20 million US dollars in vineyards on the other side of the Andes in neighbouring Argentina, where it expects to double production over the next five years.
Chile’s Concha y Toro, Latin America’s largest wine producer, sealed a deal this week with Brown-Forman’s Fetzer Vineyards in a transaction worth 238 million US dollars to purchase its portfolio of American wine brands. The sale is expected to close in April 2011.
Chile’s white wine grapes slated for harvest at the end of the month may not find enough hands to pick them. The grape harvest is the most labour-intensive period of the year for vineyards, but this year, vineyards having trouble tracking down temporary workers to work the harvest season.
Between Jan and Oct 2010, 83 of the top 100 Chilean wineries increased their sales of bottled wine. According to figures from Wines of Chile, 68 of these wineries increased sales by more than 10%. Exports have increased by 11.7% compared to figures during the same period in 2009.