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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.

SABMiller must pay extra A$582M for Foster’s

SABMiller PLC will have to pay an extra A$582 million as part of its takeover of Foster's Group Ltd. , after the Australian Taxation Office knocked back the planned structure of the deal.

Foster's said that shareholders would receive A$5.40 per share in the transaction, a 5.5% increase on the original A$5.10 per share. However, a capital return that was to have taken place alongside the takeover, returning 30 cents per share to shareholders, will now not take place.

"Foster's today announces that, after discussions with the Australian Taxation Office over recent weeks it has not been able to obtain, on terms satisfactory to both Foster's and SABMiller PLC, a class ruling from the Australian Commissioner of Taxation in relation to the capital return proposed as part of the transaction with SABMiller," the company said in a statement.

The capital return method would have reduced the tax bill on the transaction.

Foster's shareholders will vote on the takeover at a meeting on Dec. 1. The Foster's board said it continued to back unanimously the takeover.

18 Nov. 2011

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