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)

Argentine wines being served at Montreal's Passion Vin

Canadian festivals like Montreal Passion Vin are helping bring more Argentine reds to market.

While the U.S. is scheduled to become the world’s largest wine-drinking market by 2012, the neighbor to the north isn’t lagging behind.

“Canadians might have a new passion to add after hockey: being wine connoisseurs,” the country’s Financial Post opined early last year. As one of the world’s fastest-growing markets for wine consumption, Canada is an important export destination for many Argentine vineyards.

Canada also offers an interesting case study in the maturity and increasing diversity, both in terms of blends and geography, of Argentine offerings abroad. While lower-priced malbecs and malbec-shiraz blends from Mendoza helped fuel a 27% increase in wine consumption from 2003-07, Canadian wine connoisseurs are starting to discover the joys of Bonardas, Torrontes, Tempranillos, Pinot Noirs and even Cabernet Francs produced in other Argentine regions like San Juan and La Rioja to the north and Neuquen to the south. (Map)

Canadian wine critics from Edmonton to Montreal weighed in this week with their recommendations which focused on these newer, pricier blends from Argentina. The geographic expansion beyond Mendoza bodes well for foreign investors looking to produce unique blends in the sandy soil of Salta or the cooler climes of Neuquen.

While experimental vineyards have been producing wines in these regions for less than a decade, the results have been phenomenal. Wine Spectator’s Matt Kramer confirmed this with a recent journey to Salta and an excellent review of several southern bodegas titled Into the Patagonia Desert.

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

Wine critic Matt Kramer writes of the "wonderfulness" of BA. (Pictured: Soberbia 22 in Palermo)

Wine critic Matt Kramer writes of the "wonderfulness" of Buenos Aires. (Pictured: Soberbia 22 in Palermo)

American wine critic and Wine Spectator contributing editor Matt Kramer arrives in Buenos Aires for a three-month stay and wastes little time getting to know the food & wine delights of his newly adopted barrio of Palermo Soho. Kramer authored several Making Sense of Wine books and coined a term “somewhereness” in describing a wine’s character.

Prior to his departure, Kramer says none of his friends or family members ever asked him,Why Argentina? “Apparently, the word is out on the wonderfulness of Argentina as a place and the Argentines as a people,” Kramer surmises, “And, let’s be honest, the word is also out about how wonderfully inexpensive Argentina is for those of us trading woebegone American bucks for even more economically bedraggled Argentine pesos.”

In describing what makes BA unique, Kramer points to the “intactness” of the city and a true feeling of identity in the city’s many diverse neighborhoods. In his own neighborhood of Palermo Soho, Kramer praises the diversity of culinary offerings: “Around the corner from us is a Moroccan restaurant. Italian restaurants abound. And, surprisingly, there are a fair number of sushi places.”

So for at least one veteran critic in Buenos Aires, it seems “somewhereness” has truly given way to “wonderfulness.” Buen provecho! (Full Wine Spectator article)

For more information about Buenos Aires events and investment opportunities, download IncomeBA and the new issue of InvestBA Privada.

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.

 

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