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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.


India. Vijay Mallya out of country, SC notice to appear before court within 2 weeks

The Supreme Court on Wednesday issued notice to beleaguered Vijay Mallya and asked him to respond within two weeks on pleas filed by consortium of 13 banks, led by State Bank of India.

Attorney General (AG) Mukul Rohatgi cited the CBI inputs and informed the the apex court that Vijay Mallya has left the country.

The court allowed notice to be served to Mallya through his official Rajya Sabha email ID via Indian High Commission at London and his counsel.

Consortium of banks sought directions for appearance of Mallya in person before apex court and for freezing his passport.

Pulling up the banks, SC also questioned why loans were given to Mallya when he was a defaulter and was facing proceedings in court of law. However, AG told SC that Mallya’s assets abroad are far in excess to loans taken by him.

Prior to moving the High Court, the banks had filed four pleas in the Debt Recovery Tribunal (DRT) at Bengaluru seeking reliefs like freezing of Mallya’s passport, and for his arrest. They had also sought a direction to Mallya that he should to disclose his assets on oath.

The DRT, on March 2, heard arguments only on one plea and did not consider other three pleas which were related to freezing of the passport and restraining Mallya from leaving country, the banks said in their appeal to the apex court. The banks had moved the DRT in the backdrop of Mallya’s recent resignation from the chairmanship of United Spirits. The Tribunal also restrained Diageo from disbursing Rs 515 crores as settlement money to Vijay Mallya.

9 Mar. 2016



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