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March 2002
South American Wine Industries Set for Change
by David Kingsbury
South American producers are set to be in a far more competitive position in the coming months, if economic and social factors can be kept under control. The collapse of the Argentine economy has had a profound effect on the wine industry in that country, and the knock on effects to neighboring countries will also be felt. A drop in prices and increase in international market share will be the probable result.In the last ten years, Argentina has had parity with the US Dollar, with their own curr...
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