Argentina: Wine Annual
Post forecasts Calendar Year (CY) 2016 grape production at 2.67 million metric tons (MMT) under normal weather conditions and maintaining the current good sanitary conditions of the vineyards. CY 2015 grape crop is estimated to be 2.65 million metric tons (MMT). Quality is reported to be very good. Wine production in CY 2015 is projected to slightly increase to 1.53 billion liters, compared to 1.51 billion liters produced in CY 2014. Inflation and an overvalued local currency continue to make exports from Argentina less competitive, generally making only exports of higher value wines viable.
