Wine industry is one of the industries that has grown and developed the most in the past century. From one modest part … long tradition and significant heritage, such as France, Italy and Spain, or have invested and promoted heavily their wine … the effects that wine industry has on its environment and economy of wine regions …

distinct commodities-crude oil and fine wine, we find that macroeconomic factors are the main determinants of commodity prices …. Although supply constraints have the expected effect, aggregate demand growth is the key factor. The empirical results show … incremental change in demand, thereby having a greater weight in commodity price formation. The results also show that the shift …