CHILE: 2006 wine exports start down
Chilean wine exports on the first four months of this year dipped slightly, according to recent figures.
The country's wine association body, Wines of Chile, noted late last week that Chile exported US$257m in the period from January to April, a 2.2% slide on the corresponding period a year earlier.
For the month of April alone, exports plunged by 15.3% year-on-year to US$62.9m in value terms, and by 10.9% in volume to 31.2m litres.
The dip was blamed on the strength of the Chilean peso, as well as the output of Chile's wine competitors, most notably the US and Australia. Wines of Chile's general manger, Ricardo Letelier, noted that the exchange rate has led to a loss of competitiveness for the country, in particular in the lower-price segment of under US$10 a bottle.
In the final of our Southern Hemisphere harvest reports, Dean Best looks at Chile. The country's wine producers are heralding 2006 as an excellent year for both red and white wines, as fears that fros...
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