Hard times for the grape and wine sector in Chile, with a drastic drop in exports and slower domestic consumption, hitting the profits of both small and large industries and farmers.
Chaotic climate conditions are having an impact on agriculture worldwide and in Chile the most recent victim of instability are raisins. Last January when grapes are expected to mature and develop a high content of sugar, torrential rains hit Chile's wines, and the excess of water harmed a high percentage of the harvest.
Under the current Argentine Presidency, the meeting of the World Wine Trade Group (WWTG) is being hosted in London over the course of today and tomorrow.
China overtook the United States in 2016 to become Chile's No. 1 wine market, Angelica Valenzuela, commercial director of Vinos de Chile, said. Wine consumption in China grew 13.8% last year, Valenzuela told reporters at a press conference organized by the Imagen de Chile Foundation, an agency charged with promoting the national brand