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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.

Hurricane Sandy hits craft beer industry in US

As the US assesses the damage wreaked by the superstorm Hurricane Sandy, the craft beer industry has also been hit heavily by the storm.

Both businesses and individuals are now trying to evaluate the devastating effects of the storm on the industry.

Barrier Brewing - the Oceanside, a New York-based craft brewer, has been totally devastated by the Hurricane Sandy, reports brewbound.com.

Barrier Brewing founder and co-owner Evan Klein told the website that the brewery may need a few more months to restart its production.

"The complete extent of the damage is hard to determine," he added.

"But we think it could total over $100,000."

In March, the company has invested over $500,000 into its new facility however, the the company's boiler, glycol chiller, mill, forklift, keg washer, delivery trucks and its ingredient inventory were all damaged during the storm.

The website further reports that many other breweries, including Sixpoint Brewery, Union Beer Distributors and Beehive beer Distributors, have also suffered similar damages by the storm.

12 Nov. 2012



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