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Chile Wine Prices Seen by Ciatti Rising After Damage Last Month

Oct. 14 (Bloomberg) -- Bulk wine prices in Chile are climbing for most varieties after frost damaged many fruit crops including grapes, according to wine broker Ciatti Co.

Chardonnay is the most affected variety after temperatures stayed below 0 degrees Celsius (32 degrees Fahrenheit) for eight days from Sept. 20 to Sept. 30, San Rafael, California-based Ciatti, a broker of bulk wines, said in an e-mailed report.

“Many growers are calling the frost a ‘catastrophe’,” Ciatti said. “Chardonnay is the most affected varietal, followed by Pinot Noir, Tintorera and Sauvignon Blanc. Less afffected were Merlot and Cabernaut Sauvignon.”

Chile exported 596.4 million liters (158 million gallons) of bulk, bottled, sparkling and packed wines in January through August, with average prices falling from $2.50 a liter in the same period last year to $2.03 a liter in the first eight months this year, according to the report.

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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