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Rannekleiv Sees Rebound, No Full Recovery, For Napa Wine: Video

June 11 (Bloomberg) — Stephen Rannekleiv, executive director for beverage research at Rabobank International, talks with Bloomberg’s Marc Crumpton and Julie Hyman about the U.S. market for higher-priced wines. Napa Valley vintners who saw prices plunge in the past year raised $8.5 million at their annual charity auction as bidding returned for super-premium wine. The event may signal a rebound and not a complete recovery for the region that produces the highest-priced U.S. wines, according to a Rabobank report. (Source: Bloomberg)

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