Argentine wine exports fell more than 10% in June

Argentine wine exports fell 10.9% year-on-year in June, selling 124,465 hectoliters to other countries. This was reported by the National Institute of Viticulture (Inv), in its report on the marketing of wines and musts in the foreign market during June. With the balance of June, a total of 93.2 million liters sold to other countries were recorded in the first half, which represented a decrease of 2.3% compared to the same period in 2023. The monthly decrease is broken down into a 14.7% drop in colored wines and an 11.2% increase in white wines. In particular, exports of fractionated wine decreased by 14.0%, while those of bulk wine increased by 3.9%. Concentrated must showed notable growth, with exports reaching 5,051 tonnes in June 2024, an increase of 105.2% compared to the same month of the previous year. In value terms, exports of concentrated must in June amounted to 8,003 thousand dollars, an increase of 69.9% compared to June 2023. Within the amount exported, 71.4 million ...