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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 3Q profit rises on higher revenue

Boston Beer Co., which brews Samuel Adams beer, said Tuesday that its profit grew in the third quarter as shipments increased.

The company reported net income of $16.3 million, or $1.19 a share, for the three months ended Sept. 24. That compares with net income of $15.4 million, or $1.09 a share, in the comparable period last year.

Net revenue surged 8 percent to $134.8 million from $124.5 million a year earlier, driven by a 7 percent gain in shipment volume.

Analysts were anticipating, on average, earnings of $1.13 a share on $131.9 million in revenue, according to FactSet.

"We are happy with the health of our brand portfolio and remain positive about the future of craft beer," said Jim Koch, chairman and founder.

The executive said that the company is still aiming to have 50 percent of its volume coming from its Freshest Beer Program by the end of this year and believes the company could reach 70 percent by the end of 2012.

The program reduces the time and temperature of its beer at wholesaler warehouses before it reaches the market.

The company expects 2011 earnings per share will range from $3.60 to $3.90. Analysts are anticipating earnings of $3.68 a share.

Boston Beer shares added $4.20, or about 5 percent, to $90.57 in aftermarket trading. The stock fell $2.11, or 2.4 percent, to $86.37 during the regular session.

3 Nov. 2011



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