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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.


US. Boston Beer Q3 beats Street view

* Q3 shr $1.19 vs est $1.10
* Q3 rev $134.8 mln vs est $131.9 mln
* Raises FY11 EPS outlook to $3.60-$3.90/shr vs prior

Nov 1 (Reuters) - Boston Beer Co Inc , the maker of
Samuel Adams beer, reported better-than-expected quarterly
results, helped by higher demand, and the company raised its
full-year profit forecast.
The company now sees 2011 earnings of $3.60-$3.90 a share,
up from its previous outlook of $3.20-$3.60 a share.
Analysts, on average, are expecting earnings of $3.36 per
share, according to Thomson Reuters I/B/E/S.

KEY POINTS: Q3 2011 I/B/E/S Q3 2010
Revenue $134.8 mln $131.9 mln $124.5 mln
Net income $16.3 mln -- $15.45 mln
EPS $1.19 $1.10 $1.09
Gross Margin 56 pct 56 pct

* Shares of the company rose 5 percent to $90.57 after the
bell on Tuesday on the New York Stock Exchange.

2 Nov. 2011



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