5,000 Grape Growers and Winemaker Protest in Argentina to protest against the government

GUANGZHOU, China - Jan. 19, 2015 - PRLog -- 5,000 grape growers and Winemakerhave Participated in demonstrations in Argentina to protestagainst the governmen’s lack of fast action over a bailout for the country’s troubled wine industry.

Last week,president Cristina Fernandez de Kirchner signed an agreement with the wine industry this week committing to a $56m relief fund to help mop up some of the 300m liters of excess wine currently floating around the market. During the protest, protester shouted their slogansand dumped wine on the steps of the city hall, leaving a petition there .

They also require for canceling the annual harvest festival in Mendoza, which the local government spends a large amount of money on.
A lethal cocktail of falling exports, rising inflation and a poor exchange rate is putting pressure on the country’s wine industry, particularly at entry level.

In 2013, exports fell from a 2012 high of US$918m to $866m, with the figures for 2014 estimated to be even lower, at $823m. Argentina’s 1,300 wineries provide employment for over 400,000 people.

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