CHILE: Peso pushes Chile’s wineries to breaking point
on 27/01/11 at 9:46 amWine
Many small Chilean wineries are struggling to survive the country’s strong peso currency, which has damaged the value of exports, according to Rabobank.
Chileans may have brushed aside the established world wine order in the last few years, but the country’s strong peso currency is threatening to undo some of the good work. Almost a year after Chile’s wine sector lost US$430m in stock and infrastructure to an earthquake, smaller wineries are reportedly under threat from financial tremors.