Pivnoe Delo


Top articles



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 Grupo Modelo sees recovery in beer sales

* Q1 net 2.16 bln pesos vs year ago 2.09 bln pesos
* Revenue up 9.6 pct (Adds CFO comments, share movement, details on prices)

Mexican brewer Grupo Modelo (GMODELOC.MX) posted a slight rise in first-quarter profit on Friday as higher costs offset a big pick-up in beer sales.

Domestic sales and exports increased by double digits from the year earlier, the company said, noting consumer spending on beer appears to be recovering after the worldwide recession.

"It gives us confidence that the start of the year looks quite promising," said chief financial officer Emilio Fullaondo on a call with analysts.

Even comparing the first-quarter 2011 sales with 2009, which was a better year for Modelo than 2010, the volume was up more than 5 percent, Fullaondo said.

Still, sales costs in the first quarter of this year also rose and Modelo said it spent more on distribution and marketing in the quarter.

To offset rising costs, the brewer said it started to raise prices in Mexico at the end of February.

The company does not have any hedges in place to manage price changes, but executives told analysts they are monitoring prices, particularly for malt and aluminium.

Grupo Modelo shares were down 1.43 percent in morning trading in Mexico at 74.50 pesos.

The company earned 2.16 billion pesos ($181 million) in the first quarter, up 3 percent from 2.09 billion pesos in the same period a year earlier.

Modelo, half-owned by the world's biggest brewer Anheuser-Busch InBev SA (ABI.BR), said quarterly revenue rose 9.6 percent to 19.25 billion pesos.

Exports accounted for 29 percent of Grupo Modelo's total sales in the first quarter of this year, up slightly from 28.5 percent last year, the company said. ($1 = 11.8903 pesos as of end-March)

15 Apr. 2011



Main topics

Exact matches only
Search in title
Search in content
Search in comments
Search in excerpt
Search in posts
Search in pages
Search in groups
Search in users
Search in forums
Filter by Custom Post Type
Filter by Categories