Harvest 2010

Production was down, but the 2010 vintage is already being compared with '02. (Photo: Die Guito)

“Better Late Than Never.” That’s how Wine Spectator describes the 2010 harvest in Argentina, a year marked by a slow sugar start, some potentially-damaging weather fluctuations and, ultimately, a lower level of wine production compared to 2009. But fear not, the finished product is still outstanding.

“Argentinean winemakers are pleased with lower alcohol levels and ripe tannins which they believe have produced an elegant vintage,” writes James Molesworth. That’s the general consensus from the various winemakers interviewed by WS including Bodegas O. Fournier, Achaval-Ferrer and Bodega Catena Zapata.

Yields were down anywhere from 10-25% for most of the vineyards in Mendoza, but the lower alcohol levels have produced some beautifully-balanced tempranillos and syrahs. Across the border in Chile, Molesworth says the 2010 growing season was hurt by the earthquake, although some “cool-climate varieties such as Sauvignon Blanc and Pinot Noir” fared well.

In other regional wine news, one Chilean producer hopes to boost sales by reaching out to a unlikely group of oenophiles: football fans. Concha y Toro, Chile’s largest exporter of branded wines, just inked a deal with the UK’s Manchester United and will begin advertising alongside Budweiser at home games in the legendary club’s Old Trafford stadium.

A Man U rep tried to explain the deal’s synergy, “This is a partnership that unites the two great passions in Latin America: football and wine.” Despite the enthusiasm and Concha’s creative attempt to reach more Asian buyers, we’re not anticipating a Malbec Lounge at the Monumental or Tuesday Tastings at the Bombonera anytime soon. (Wine Spectator 2010 Southern Hemisphere Harvest Report)

Argentina Malbec reviewed in The Wall Street Journal

The Wall Street Journal examines the meteoric rise in Argentine malbec's popularity.

With 2010 only hours away, it’s time to start making some serious resolutions for the New Year. But rather than the usual “Lose Weight, Save Money, Join A Gym” jibberish, why not make a resolution you will actually stick to. Why you might ask? Because #1) It’s delicious, #2) It’s good for your health, and #3) It’s good for your wallet.

Give up? Drink More Malbec. Anyone who has tasted a good malbec understands #1, no less an authority than The Mayo Clinic validates #2, and the Wall Street Journal recently explained #3: Good Argentine malbecs only taste expensive. To prove it, The Journal’s wine experts sampled over 50 reasonably priced malbecs and shared The Best of the Best with readers online. (Click the adjacent image to watch the video)

The top selection was the Altos Las Hormigas Malbec which they described as tasting true, earthy, authentic, with nice acidity…and it’s only $10.99, so they’re basically giving it away.And with the ongoing recession, that partially explains the meteoric rise of malbec and Argentina’s ascension to the #4 exporter of wine to the U.S. “These days we’re all looking for a good $10 bottle,” says the Journal’s John Brecher, “these are them.”

After ALH, other top picks included Trapiche and Achaval Ferrer. So there you have it…compliments of Argentina, a New Year’s Resolution you will finally enjoy throughout 2010…and beyond!

For more information about Argentina wine and vineyards, visit our archives and download the new issue of InvestBA Privada.

 

Bariloche

Mendoza

Uruguay

© 2011 InvestBA.com