Rapel Valley in Chile is renowned for its ability to produce high-quality;wine at a fraction of the cost of many other vineyards around the world. Rapel Valley produces over 20 million bottles of wine annually, of which 5 million are exported to the US. Each bottle entering the US is subjected to a $0.50 per bottle excise tax, which generates about $2.5 million in tax revenue. Strong LaNina weather patterns have caused unusually cold temperatures, devastating many of the wine producers in the region of Chile. How will La Nina affect the price of Chilean wine? Assuming LaNina does not impact the California wine producing region, how will La Nina impact the market for Californian wine?
Paper#26341 | Written in 18-Jul-2015Price : $22