- Homepage for the Wine Industry

Wine, Coronavirus, & the Falling Dollar

August 04, 2020

The strong dollar tends to reduce the cost of equipment and supplies used in U.S. wine production including vineyard and cellar machinery, bottles, capsules, corks, .. and indirectly benefits companies that import and distribute or sell foreign wine. ... The falling dollar tends to reverse all this by increasing the cost of imported wine and wine production supplies and making U.S. exports relatively cheaper abroad.