Argentina’s Mendoza must change bulk wine production, Perez says

(Bloomberg) — Argentine grape growers for low quality, bulk wines must improve standards, create new products or switch to other fruits and vegetables to return to profitability, Mendoza Governor Francisco Perez said. A drop in consumption of box wine and over production of the grapes has kept the price paid to producers unchanged for the past three to four years amid inflation above 20 percent, the governor said in an interview in his office in Mendoza after hosting the annual harvest festival.