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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.

China Resources Buys 21% Stake in Chinese Brewery Kingway

China Resources Holdings Ltd. has bought a 21.4 percent stake in the Chinese beer maker Kingway Brewery Holdings Ltd. (124)
China Resources paid $161.3 million for the stake, according to data on the Hong Kong stock exchange website today. The website listed multiple units of China Resources in the transaction, including food, retail and property company China Resources Enterprise Ltd. (291)
China Resources paid 44.1 cents a share on March 9, according to the data on the Hong Kong stock exchange. The shares last traded at HK$2.30, equivalent to 30 U.S. cents, on March 9.
Kingway rose to the highest in five months yesterday in Hong Kong trading after a Heineken NV joint venture said it was selling its stake in the beer maker.
The venture between Heineken, the world’s third-largest brewer, and Fraser & Neave was selling its 21.4 percent stake in Kingway to an unidentified buyer, according to a statement to Singapore’s stock exchange yesterday.
PricewaterhouseCoopers LLP was an adviser to the sale, Sarah Koh, a spokeswoman at Asia Pacific Breweries Ltd., one of the entities involved in the Heineken-Fraser & Neave joint venture, said in an e-mailed response yesterday. Heineken-APB paid $91 million for the Kingway stake in 2004, she said.
Mona Leong, a spokeswoman for China Resources in Hong Kong, didn’t respond to a phone call made to the company out of office hours. Vanessa Wong, company secretary at Kingway, also didn’t respond to a call made after office hours.
Kingway owns seven breweries in China, each with an annual production capacity of 200,000 tons, according to its web site.

11 Mar. 2011

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