Argentinean wine exports are forecast to reach a record high of US$410m (€350m) in 2005, representing a rise of more than 30% year-on-year.

The Argentine wine institute INV said it expects exports to continue to increase at around 30% per year for some years. It added that the increase in wine prices on the international market and the impact of wine promotion campaigns had also boosted export values.

The 2004 figure was itself a record high (US$302.6m/€248.6m) and was 35% up on the previous year.