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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.

Molson Coors CEO Swinburn Total 2010 Pay Slid 18% To $7.76 Million

President and Chief Executive Peter Swinburn saw his pay fall 18% to $7.76 million in 2010, due in part to a change in pension value and stock awards, the company said in a securities filing late Thursday.

Swinburn received compensation totaling $9.46 million in 2009.

Molson Coors, whose brands include Miller Lite, Coors Light and Carling, paid Swinburn a base salary of $941,667 in 2010, compared with $875,000 the prior year. He will receive base pay of $1.08 million in the current year.

Swinburn received stock awards valued at $2.31 million, down from $3.5 million in the prior year. His stock option awards were valued at $1.54 million in 2010, up 10% from 2009.

Non-equity incentive compensation slid to $1.9 million from $2.1 million.

Molson Coors is beginning to see some rebound in beer sales as drinkers return to bars and restaurants. However, volumes declined throughout 2010.

The company said in the filing that it "made good progress" in building brands, innovating, reducing costs and strengthening its balance sheet. The company wasn't immediately available to provide additional details.

Peter Coors, chairman of the boards of Molson Coors and Miller Coors, received 2010 pay valued at $3.84 million, up 2% from the prior year. His base salary was about $850,000 in 2009 and 2010. The company said that because Coors is "an iconic figure" in the U.S. beer industry, there are no easy comparisons to peers in his position. Also, because Coors is a member of one of the company's founding families and a large shareholder--he personally held 13.2% of shares outstanding as of March 28--he would be "motivated" to stay with the company without retention payments.

25 Apr. 2011



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