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4-2017

Global hop market

A local alternative to mass beer suggested by independent brewers has been successful and is now altering the global market. Beer is becoming more diversified, so transnational companies have to accept the new game rules and to switch focus to young and fast growing markets. All these processes increased the demand for aroma and bitter hop as well as their acreage expansion on two continents. However now there appeared a downward trend of alcohol consumption in the world, so even special sorts can soon turn to be sufficient. In this connection the dynamic American hop market is already facing some problems. EU hop producers have become more cautious, they are not racing to exceed the demand and look forward with more confidence, judging by the contract terms. 

Hop Market in Russia

Germany still dominates the Russian market, yet over the recent two years one has been able observe a continuous success of Czech hop suppliers. Their expansion and growing popularity of hops from the United States became the drivers of supplies growth in 2016 despite the preceding modest harvest crop in the EU, as well as the factor of relative stability in 2017. In this connection, in 2017, the ratio of the varieties continued to shift towards the aroma ones, and the supplies of Magnum hop and other alpha varieties were reduced. However, the import of bitter hop pellets is partially replaced by extracts, especially from the major beer manufacturers. Total volumes of alpha acid supplies, according to our estimation, decreased by approximately 5% and returned to the level of 2015. Barth Haas Group continues dominating the hop products market; HVG also increased its weight. At the same time, Morris Hanbury significantly reduced the supplies in 2017.

Mexico’s FEMSA posts higher Q4 profit

Giant Mexican beverage and retail company FEMSA (FMSAUBD.MX) (FMX.N) said on Friday quarterly profit climbed, boosted by higher sales at its expanding network of convenience stores and its stake in Dutch beer company Heineken.
The Monterrey-based company reported a fourth-quarter profit of 4.94 billion pesos ($401 million), up 21 percent from the year-earlier quarter, and said in a statement it is seeking to raise its dividend by more than 75 percent.
FEMSA's chain of Oxxo convenience stores, which grew with the opening of 415 stores in the quarter, reported revenue jumped 19 percent to 16.7 billion pesos. FEMSA ended the year with 8,426 Oxxo stores across Latin America.
Same-store sales -- sales at stores open more than a year -- jumped 7.9 percent in the quarter as they attracted more customers and customers spent more on average per purchase, FEMSA said.
The company also benefited from its 20 percent stake in Dutch beer company Heineken (HEIN.AS), which reported results that beat full-year earnings forecasts earlier this month.
FEMSA sold its beer unit to Heineken in April in exchange for the stake.
Chief Executive Jose Antonio Fernandez said the company is optimistic given that there seems to have been a gradual improvement in consumer confidence, as reflected in results from Oxxo.
FEMSA said in a statement it is proposing to raise the amount allotted for its dividend to 4.6 billion pesos this year, subject to approval at its annual shareholders' meeting in March.
The company operates the Oxxo convenience stores chain and controls Coca-Cola FEMSA (KOFL.MX), the biggest Coke bottler in the world.
The bottling affiliate reported a higher fourth-quarter profit earlier this week, even as it posted lower revenue that it attributed to the devaluation of the Venezuelan bolivar.
Consolidated revenues at FEMSA climbed almost 4 percent to 45.66 billion pesos. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased almost 9 percent to 8.72 billion pesos.

25 Feb. 2011

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