Changing exchange rate costs wine industry millions (NZ)

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, reports Fairfax NZ News.