Argentina's Grape and Wine Growing Institute, INV, reported that in November the sale overseas of fractioned wine climbed 21% over a year ago, reaching 200.336 hectoliters, representing 75,3 million dollars. The United States is the main client followed closely by the United Kingdom.
China on Monday launched an investigation into alleged government subsidies of some Australian wine imports, a widely expected follow-up to an anti-dumping probe that Australian representatives said they would oppose.
Wines of Argentina (WOFA) has launched a disruptive new marketing campaign for 2019 called “Vino Argentino: A Blind Tasting Story”, which features a love story between two people from opposite worlds and targets young women in the US.
Uruguay will be hosting the 41st World Vine and Wine congress, of the International Organization of Vine and Wine, OIV, which begins next Monday until Friday in the Atlantic seaside resort of Punta del Este. Representatives from some 47 countries are expected at the event, which is described by Uruguay officials as a most significant for the domestic vine and wine industry since it will have world repercussion.
In a much-publicized report released Wednesday, US bank Morgan Stanley said that a worldwide fall in production and growing thirst for wine among Chinese and Americans would send prices rocketing. However industry experts say worldwide production actually rose this year.
Catholic News Agency reports that the serious food shortage in Venezuela could lead to a lack of wine and hosts for the celebration of Mass. Reporter Macky Arenas Arenas explained that the shortage in the country is due to “the lack of raw materials.”
Global wine production will slump to the lowest in 37 years after weather damage to grapes from France to Argentina, forcing a draw down of stocks, the International Organization of Vine and Wine, OIV, said.
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.
Eduardo Guilisasti, CEO of Chile’s Concha y Toro winery, placed ninth on Decanter magazine’s recently released “2011 Power List.” The bi-annual ranking lists the 50 most influential people in the winemaking world based on their level of influence over consumer choice in wine. This year’s list elevated Guilisasti from his 2009 ranking as 13th.
Spain has lost its 12-year battle with Argentina over the use of the name La Rioja. The northwestern Argentine province of La Rioja was founded by a Spaniard in 1591; the Spanish were also responsible for introducing vines to the region, reports Decanter.com.