NZ: Changing exchange rate costs wine industry millions
NZ: Changing exchange rate costs wine industry millions
Jan 8, 2012
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(Stuff) - The wine industry is losing $80 million a year in exchange rate fluctuations, prompting an industry spokesman to call for "sensible monetary policy".
A strategic review of the $1.1 billion wine industry by PriceWaterhouseCoopers said exchange rate changes since 2007 were robbing the sector of tens of millions of dollars annually.
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