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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.

Russia. Baltika Breweries Held Annual General Shareholder Meeting

At the Baltika Breweries Annual General Shareholders’ meeting, held on 15 June 2011, the agenda included the approval of the company’s financial statements and dividends for 2010, the election of management bodies, and the approval of related-party transactions.

The shareholders approved the Company’s 2010 annual report and annual accounting report, including the Company’s profit and loss statement, as well as the distribution of Company profits and losses for the 2010 financial year. In addition, they elected members to the Company’s Board of Directors and Audit Committee, selected auditors, set the level of remunerations and reimbursement of expenses for members of the Company's Board of Directors, and approved interested-party transactions.

The Company Board of Directors, as approved by the shareholders, includes the following:

1. J?rgen Buhl Rasmussen;
2. Anton Artemiev;
3. Bj?rn S?ndenskov;
4. J?rn Peter Jensen;
5. Ulrik Andersen;
6. Alexander Shokhin;
7. Vladislav Grib.

The shareholders approved transactions with Russian Railways, confirmed KPMG and A&P Audit as the Company’s auditors, as well as approved the decision to pay an annual dividend of 42 roubles per share in each share category, taking into account interim dividends already paid (declared) on the basis of results for the first six months of the 2010 financial year.

***

Baltika Breweries is Russia's largest consumer goods producer and since 1996 has been a leader on the Russian beer market. Baltika is a Carlsberg Group company. Baltika is the number one selling beer brand in Europe (according to Euromonitor). The company has breweries in ten Russian cities and one in Azerbaijan, and boasts an extensive brand portfolio. Baltika Breweries is the leading exporter of Russian beer: Baltika products are represented in more than 70 countries, and make up 70% of all Russian beer exports.

17 Jun. 2011

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