Chilean premium wines.-/ Exceptional weather conditions are of concern to producers of Chilean export wine. Analysts say both experts and investors will have to get used to it, because unusual weather could become the norm, raising prices.
The Chilean Agriculture Ministry estimates that the latest Chilean grape harvest fell 10% after the rains earlier this year, followed by high temperatures and forest fires during the summer.
The carmenere is on its way to becoming an exclusive wine.
The high temperatures registered in the Chilean summer anticipated in two weeks the harvest and until a month in some cases, which reduced the production. In January, forest fires triggered by high temperatures will have a negative impact on grape and wine production by 2017, eliminating any potential growth for the industry. Investors will closely monitor next month’s harvest data for more clues.