Ability to produce high qualit wine at fraction

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Reference no: EM131172860

Rapel Valley is reowned for its ability to produce high qualit wine at a fraction of the cost of many other vineyards around the world. Rapel produces over 20 million bottles of wine annually, of which 5 million are exported to the United States. Each bottle entering the United States is subjected to a $0.50 per bottle excise tax, which generates about $ 2.5 Million in taxes revenues. Strong La Nina weather patterns have caused unusually cold temperatures,devasting many of the wine producers in the region of chile. How will La Nina affect the price of Chilean wine ? La nina doesn't impact the California wine producing region, how will La nina impact the market for Californian wines ?

Reference no: EM131172860

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