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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.

drinktec

India. ICICI Bank buys 0.74% stake of United Breweries

ICICI Bank, the country’s largest private sector lender, today picked up 19.58 lakh shares of United Breweries Limited for a little over Rs 186 crore through an open market transaction.

The shares were offloaded by United Breweries (Holdings) Ltd, a promoter of United Breweries.

According to block deal data available with the stock exchanges, ICICI Bank purchased a total of 19,58,000 shares, amounting to 0.74 per cent stake of United Breweries.

The shares were bought for an average price of Rs 950.1 apiece, valuing the transaction at Rs 186.03 crore.

As of September quarter, United Breweries (Holdings) Ltd held 3.03 crore shares or 11.46 per cent stake in the company.

United Breweries, which makes Kingfisher Beer, is India’s largest brewer.

In November, Yes Bank had sold 4.25 lakh shares of United Breweries for Rs 39.48 crore through open market route. These shares were purchased by Heineken International BV, the maker of Heineken beer.

United Breweries shares today closed 0.9 per cent down at Rs 940.40 apiece on BSE.

11 Jan. 2016

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