California wine industry finally sees growth after 3-year slump.California wine industry finally sees growth after 3-year slump Slump A temporary fall in performance, often describing consistently falling security prices for several weeks or months. : The California wine industry seems to be perking up after a three-year slump, claims Nat DiBuduo, president of Allied Grape Growers, a key California grape marketing cooperative. The industry's earlier increases in production, allied with cheap imports and declining exports created an imbalance imbalance /im·bal·ance/ (im-bal´ans) 1. lack of balance, such as between two opposing muscles or between electrolytes in the body. 2. dysequilibrium (2). . But since the fall of 2002, he said, that has been corrected through the grubbing up of 10% of the state's vineyard vineyard, land on which cultivation of the grape—known as viticulture—takes place. As many as 40 varieties of grape, Vitis vinifera, are known. space. With the rise of both the Australian dollar Noun 1. Australian dollar - the basic unit of money in Australia and Nauru dollar - the basic monetary unit in many countries; equal to 100 cents and the Euro, and the drop in the American dollar, California is now competing with imported wines, while increasing export competitiveness. "There's light at the end of the tunnel but we're not out of the tunnel yet," said DiBudeo. |
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