This presentation highlights the importance of exchange rates in the California wine industry and presents the following points:
- Strong dollar hurts the California wine grape and wine industry three ways
- From this preliminary analysis there is no evidence that the exchange rates dominate the bulk wine trade
- There are other things that influence the wine trade: yields, demand changes, policy (duty drawbacks)
See PDF presentation here: Introduction to Wine Trade Weighted Exchange Rates by Georgi T. Gabrielyan.