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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.

Kingway says controlling shareholder to up stake, CRE bid blocked

* Controlling shareholder blocks bid from China Resources
* Stake in Kingway will rise to 73.82 pct from 52.45 pct (Add details, update stock price)

Kingway Brewery Holdings Ltd's said on Monday that controlling shareholder GDH Ltd has exercised its right to buy a 21.37 percent stake held by a Heineken NV joint venture in China, blocking a bid from China Resources Enterprise Ltd (CRE) .
Shares of Kingway fell 2.9 percent in early afternoon trading, while China Resources were up 1.2 percent compared with a 1.2 percent gain by the Hang Seng Index .
In a filing to the Hong Kong bourse, Kingway said GDH, a wholly-owned subsidiary of Guangdong Holdings Ltd, would buy the stake for 1.08 billion yuan ($164.94 million), increasing its holding in the Chinese brewer to 73.82 percent.
Last month, CRE, which produces China's top beer brand Snow with SABMiller Plc , said it would buy a 21.4 percent stake in Kingway Brewery from Heineken-APB (China) Pte Ltd for about 1.08 billion yuan. [ID:nTOE72D00D] Analysts said the bid represented a high premium over Kingway's last trading price.
Kingway is jointly controlled by Asia Pacific Breweries Ltd (APB) , a unit of Singapore food and property conglomerate Fraser and Neave Ltd , and the world's third-largest brewer Heineken NV . ($1 = 6.548 Chinese Renminbi) (Reporting by Donny Kwok; Editing by Chris Lewis)

4 Apr. 2011



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