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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’s United Breweries case: HC adjourns hearing to April 11

The Karnataka High Court today adjourned till April 11 the hearing of a two-and-a-half-year-old winding up petition against United Breweries Holdings Limited, the company controlled by Vijay Mallya.

The petition seeks unpaid dues of Rs 146 crore from the defunct Kingfisher Airlines promoted by UBHL.

The creditors including BNP Paribas and State Bank of India are seeking winding up of UBHL to get back their dues.

As the court proceedings began, BNP Paribas counsel pleaded before Justice Arvind Kumar to hear the matter on a priority basis.

Other petitioners including aircraft lessors and aircraft engine makers such as Rolls Royce and IAE, had filed the petition in 2012, which was admitted in November 2013.

25 Mar. 2016



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