At the Park Hyatt Hotel in meannessas part of the National Harvest Festival, the Minister of the Economy Sergio Massa promised that in April kicks off the “dollar Malbec” and demanded in return that the wineries maintain good prices on the domestic market.
“From April 1st, just as at a certain point we put in place a mechanism for this agro-industrial complex (soy), we will accompany it with a mechanism for what all regional economies are, starting with viticulture to recover export competitiveness , recover markets but also so that they have the possibility to face the loss represented by hail and frost”, said Sergio Massa.
“The state and the productive sector together have the opportunity to help consolidate Argentina’s reserves and consolidate the growth and productive development of those that generate 330,000 jobs, such as regional economies,” the Minister remarked. Economy, regarding the measure requested by the wine industry since last November, i.e. five months ago.
“By April 1st, in the regulation and in the work programme, we have the ability to take care of export competitiveness to recover the markets, the ability for this new price to reach all producers so that it does not become profit for a few and that we have the challenge among all of them that the supply of the internal market is guaranteed, at a good price“Masa assured.
The application by wine producers began in September of last year, based on the preferential dollar that soybean exporters had. At that time, Bodegas de Argentina, the wine industry chamber, asked the national government to eliminate the 4.5% export duty rate currently applied to wine.
It also calls for support for international promotion and the implementation of policies to reduce or eliminate the tariffs paid by national wineries to place their wines on the main international markets.
According to the statistics of the National Institute of Viticulture (INV), in the first seven months of last year, the total export of bottled wine between January and July reached 116 million liters against 126 million liters in 2021.
But also, if you add bulk, the total in that period of 2022 is 160 million liters versus 201 million liters in 2021. In value, between January and July 2021, it was $514 million—bulk and bottled – against 482 million in the same period of 2022.
Source: Clarin
