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World wine production “to hit 50-year low”

Global wine production is expected to fall to its lowest in more than 50 years, according to the International Organisation of Vine and Wine (OIV). The group blamed the decline on extreme weather in Italy, France, and Spain – the world’s top three producers.Total world output is projected to fall 8% from last year to about 247 million hectolitres. This could raise prices and dissipate a global surplus caused by a demand slump in the wake of the financial crisis. According to OIV estimates, Italian…

UK passion for Argentine wines: First quarter 2012 imports rocket 15% in volume

UK passion for Argentine wines MercoPress Argentine wine exports to the UK have rocketed by 25% in value and 12% in volume in the first three months of the year. This put the UK back ahead of Brazil as Argentina’s third largest market worldwide, and the US and Canada, and represents the largest gains for over four years. “It’s the volume figure that is the most encouraging” said Andrew Maidment, European director of Wines of Argentina. “Given that there is obviously a delay between this export data…

More foreigners investing in vineyards in Mendoza

Aziz Abdul has come a long way from his humble background in Asia to build a sprawling wine chateau in this beautiful Andean nation that is home to star footballers like Digeo Maradona and Lionel Messi. Born to a Tamil father and a half-Vietnamese mother, Aziz can speak fluent Spanish and Vietnamese. ‘I am a foreigner in any country’, he beams with a smile when asked to which country he belonged. #adp02 Aziz has named his chateau Hana, a combination of the initials of his two daughters, wife and…
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