Argentina's wine industry faces deepest crisis in two decades

[MilHojas]

Argentina’s wine industry faces deepest crisis in two decades - UPI.com

Argentina's wine industry is undergoing a crisis, as wineries face severe financial strain, domestic consumption drops sharply and exports fall.

www.upi.com

 

[Rich One]

Well "no hay plata"

The garment industry is kaput, can't compete with imports like Temu or sheine .They claim we can't compete with slave labor from Vietnam and China. Labor in those countries is now legal?

No wonder, the Economics Minister Caputo stated in a recent interview " I never buy clothing in Argentina it's a theft"

 

[LuckyLuke]

Excellent article...a perfect storm of forces that could apply to virtually any sector here.

 

[sergio]

Excellent article...a perfect storm of forces that could apply to virtually any sector here.

If the Leader were really a libertarian he'd open the country to imported wine. That would totally kill off the national wine industry.

 

[LuckyLuke]

If the Leader were really a libertarian he'd open the country to imported wine. That would totally kill off the national wine industry.

To hell with your Trumpian nationalism, think of the Riesgo Pais and those juicy juicy loans.

 

[sergio]

To hell with your Trumpian nationalism, think of the Riesgo Pais and those juicy juicy loans.

It was a tongue-in-cheek comment. Please..lighten up.

 

[LuckyLuke]

It was a tongue-in-cheek comment. Please..lighten up.

Yes, I know Sergio...I was joking myself. Sarcasm is hard to pick up through text, sadly.

 

[sergio]

Yes, I know Sergio...I was joking myself. Sarcasm is hard to pick up through text, sadly.

I was being ironic but the truth is that the Leader is not really a libertarian. You can't have a manipulated exchange rate and claim that you are libertarian. And I don't see how you can be dependent on IMF and US Treasury loans and be a libertarian.

 

[wineguy999]

If the Leader were really a libertarian he'd open the country to imported wine. That would totally kill off the national wine industry.

I'm curious about your take on this. It's been my experience that Argentinos are fiercely loyal to the wines of Argentina, even when there are high quality options available at a competitive price. Imported wines are and would be considerably more expensive than domestic, making the domestic choices a no-brainer for everyday consumption, and the imports a luxury.

 

[ArgentinaVet]

What is really happening here is that in Argentina, the USA, the UK and possibly others areas of the world young people are consuming little or no alcohol.
Part of the reason for this is that young people have far less disposable income than they used.
The other part is that there are now limitless entertainment options (dozens of streaming services) available at home that do not involve going out to a bar/nightclub, consuming alcohol, and spending money; young people meet other young people on dating apps (not at bars as used to be the case) and interact with each other either at a residence or via social media etc.