The State of the CA Wine Industry

Dear Client: Silicon Valley Bank founder Rob McMillan expects the fine wine business will grows between 7% and 11% in 2012, according to his Annual State of the Wine Industry Report for 2012-2013. At the same time, it's likely those same fine wines will have an easier time raising prices amid supply constraints. GRAPE PRICES GOING UP. Interestingly, Rob seems more upbeat than most on the current California grape undersupply. "We are balanced and trending to short," he said during