Will Argentina flood again the US market with Malbec?

Only two hours after the official exchange rate exceeded ARS 8, this title, but in the affirmative, appeared in one of the US leading wine information websites. It is a really interconnected world!
Argentina did not flood the market in the past time and it has no chances to do it now, from my point of view. It is true that Argentina has lost an export market of 2 million cases per year since 2011, within the segment below Premium (under USD 26 a case), and more than 40% of which was Malbec, hitting the price of this grape and some of its supportive varieties like Bonarda. However, this did not mean a drought for the US market as it was not flooded. There is still a very interesting spot to compete if Argentine costs allow to do so.


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