The wine crisis, in numbers: An economic report warns that the Mendoza wine industry is facing its worst scenario in a

The Institute of Studies on Argentine and Latin American Reality (IERAL) of the Mediterránea Foundation published its latest report on the economic situation in Mendoza, and the diagnosis leaves no doubt: the wine sector is going through one of its most difficult moments in years. Falling global consumption, depressed prices, accumulation of stocks, and the abandonment of vineyards form part of a picture that hits producers and wineries hard. While the reasons for the crisis are many, clear demonstrations of this phenomenon are already evident, such as what is happening with the historic winery Norton, which, according to this media outlet, is going through turmoil with multi-million dollar debts and an uncertain future. According to IERAL's survey, the scenario combines a declining global demand, stagnant internal consumption, and real prices among the lowest of the last decade. "The excess supply is reflected in the accumulation of wine stocks and in the loss of profitability of ...