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Early frost in Chile set to bump up wine export prices

Published:  16 October, 2013

Chilean wine export prices are likely to rise in the coming months after the country was hit by an early frost two weeks ago that kept temperatures below freezing for eight days.

The ministry declared a state of emergency after farmers reported one the worst frosts in decades, particularly affecting Chardonnay. The Chilean wine industry is expected to take a £37 million hit according to Minister Luis Mayol.

"Many growers are calling the frost a 'catastrophe'," reported Ciatti, a wine brokering company based in California. "Chardonnay is the most affected varietal, followed by Pinot Noir, Tintorera and Sauvignon Blanc. Less affected were Merlot and Cabernet Sauvignon." Ciatti reported that bulk wine prices are already on the rise.

Wine is one of the top exports in Chile and is a £1.1-billion business for the country, according to government reports.