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Oak Round-up

May 2009 Issue of Wine Business Monthly
Exchange Rates and French Barrel Pricing While barrels made with American oak are typically sold throughout the year, barrels made with French oak are typically ordered between March and June. These barrels are usually priced in euros, and it typically takes two or three months for an order to arrive. Vendors usually convert the euros to dollars on the day that they invoice, but that can pose a dilemma when currency conversion rates change. This spring, for instance, after the federal govern...
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