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Argentine winemakers set sights on Asian markets

Winemakers in Mendoza, where prized Malbec vines grow beneath Andean peaks, celebrated the end of grape-picking this month with a traditional parade of harvest queens and floats laden with flowers.

But with festivities over for another year, Argentine vineyards have turned their attention to capturing relatively new Asian markets where burgeoning middle-classes are rapidly acquiring a taste for wine.

“Today China consumes less than a liter of wine per person per year,” said Cristina Brachetta, director of the Argentine Winemakers’ Corporation, which is leading a state plan to boost annual sales to $2 billion by 2020.

“That makes it a target with lots of potential,” Brachetta added.

Mendoza produces 90 percent of the South American country’s wine. Besides Malbec, Argentina’s most famous grape variety, lesser-known Bonarda and Torrontes wines thrive on sunny plains that stretch out below the snow-capped Andes.

Argentine wines attracted international attention when they became exceptionally good value following a sharp devaluation of the country’s currency during the 2001/02 economic crisis.

Today about 20 percent of wine is sold abroad and last year exports reached a record $857 million, but only about 5 percent of the wine shipments went to Asia, data from Mendoza-based consultancy Caucasia Wine Thinking shows.

Argentina overtook Chile, its closest Latin American winemaking rival, as a supplier to the United States.

But it lags its neighbor in capturing fledgling Asian markets, selling just $10 million in wine last year to China, its second-biggest trade partner.

Producers in Mendoza hope to double that figure in 2011, focusing their drive to boost sales on young Chinese professionals, who are often more familiar with French wines.

“We’re already present in specialized liquor stores in China,” said Patricio Reich, an owner of Renacer winery in Mendoza, which also exports to South Korea, Taiwan and Hong Kong.

Shanghai will be the “logistical center” for Argentine wine distribution in Asia, Agriculture Minister Julian Dominguez said during the grape harvest festivities.

Argentine winemakers also want to boost exports to more established wine importers, such as Canada, Britain and the United States, but they are especially optimistic for sales in China due to brisk economic growth.

“Besides, the Chinese are very fashion-conscious (and) they’re drinking ever more wine,” said Mario Giordano, head of Argentine Wines, another industry group.

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This is a unique opportunity to combine a quality investment with a wonderful lifestyle: Enjoy your estate in harmony with nature at the foot of the magnificent Andes Mountains. Imagine owning one of the finest managed vineyard properties anywhere, with your own custom-designed villa surrounded by acres of lush Malbec vines (or the grapes of your choice). Wake up each morning to vibrant views of the pastoral countryside, with air so clear you feel like you can reach out and touch the mountains.

Contact the Gateway to South America team  to learn about the best investment opportunities in the region. The company is a benchmark for foreign investors wishing to invest in Argentina, Brazil, Uruguay and Chile, providing expert advice on property acquisition and investment tours.

The Gateway Team – When You are Serious About Property

www.gatewaytosouthamerica.com

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About Gateway to South America

Gateway to South America was established in 2006 as a single office in Buenos Aires. The company has since expanded into a vibrant regional network, servicing the Southern Cone clients in Argentina, Brazil, Chile, Paraguay, Peru and Uruguay with professional real estate marketing services. It has developed into an International team that has a well-deserved reputation for strong local knowledge, experience and professionalism. I hope you enjoy reading our news site. Please share it on your social media below.

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