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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. United Breweries Holdings Ltd appoints Ajay Kumar Vijay new CFO

nited Breweries Holdings Ltd (UBHL), the holding company of former liquor baron Vijay Mallya's UB Group, said it appointed Ajay Kumar Vijay chief financial officer with effect from April 20.
Vijay succeeds Ravi Nedungadi, who retired last month after reaching prescribed retirement age.

Mall"The Board of Directors at their meeting held on April 20, 2016 have also appointed Mr Ajay Kumar Vijay, CFO as a Key Managerial Personnel by passing a resolution as required under Section 203 (1) of the Companies Act, 2013," the company said in a filing with the BSE on Thursday.

The move comes at a time when quite a few senior management have stepped down amidst growing scrutiny of the company and courts have begun hearings of winding up against UBHL and now defunct Kingfisher Airlines (KFA).

Mallya's son Siddharth, who was a non-executive, non-independent director of the company, stepped down last month. Mallya and the promoter group continue to hold 52.34% shares of UBHL.

UBHL, which has been declared a wilful defaulter by State Bank of India, Punjab National Bank and United Bank of India, is contesting the winding up petitions in the Karnataka High Court.

Vijay Mallya, who is currently staying in the UK, is being probed my multiple agencies across the country due to his alleged non-payment of loans related to Kingfisher. Earlier this month, the lenders consortium turned down his offer to repay Rs.4,000 crore to settle the debts of KFA. He also offered to pay an additional Rs.2,000 crore if he won a pending lawsuit against an aircraft engine maker.

22 Apr. 2016



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