Market News
27 November 2023
By Patrick Schmitt in The Drinks Business
Such is the global decline in wine consumption, a country like Chile is abandoning vineyards, and in some cases considering removing them altogether, according to Sebastian Labbé, the winemaker for Viña Santa Rita’s finest labels, including Casa Real.
The move can be compared to what’s happening in Bordeaux, where it was agreed in March this year that the region would remove almost 10,000 hectares of vineyards due to oversupply, but unlike in France – where €57 million has been put aside for growers to cease wine production – Chilean vintners will receive no financial support for pulling up vines. [READ MORE…]
