Hot Chile

Fifty protestors crashed a harvest festival in central Chile that the Minister of Agriculture was attending. (link) Their gripe? Grapes, and the declining prices thereof. A rise in the Chilean peso by about ten percent over the past year has crimped the margins of Chile’s wineries, which rely on strong exports. The wineries are paying less this year for grapes, sometimes as much as 50 percent less. My question: will Chilean wines lose the cost advantage they have enjoyed in the US?

1 USD in pesos
Peso’s gain, growers’ pain

tags: wine | wine from Chile | Chilean peso

Permalink | Comments (1) | | books

This entry was posted on Wednesday, March 22nd, 2006 at 7:25 pm and is filed under books. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Mar

2006

One Response to “Hot Chile”

On May 23rd, 2006 at 5:54 pm ,Jorge Gajardo Rojas wrote:

Why en supermarket the grapes are so expensive?A real alternative to wine or export is sell in national market.But grapes in local market is about one or one and half US by kilo:

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