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Wine Industry Faces Changing Market, Economy

September 27, 2018

Three top chief financial officers, from Rombauer Vineyards, Opus One and Huneeus Vintners, agreed a recession and economic slow-down is coming soon though none would hazard a guess about when. There was also discussion of changes in the bulk wine and grape market ... "We're moving into a transition in the market," Turrentine Brokerage president Steve Fredricks said, referencing the company's "Wine Business Wheel of Fortune" that appears to be shifting toward a long market. This change could come quicker as 2018 appears to be a large harvest. Pinot Noir and Chardonnay are coming in larger than expected ...