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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.

India. ED seeks to recall exemption from personal appearance granted to Vijay Mallya

The Enforcement Directorate (ED) on Wednesday urged a Delhi court to recall its earlier order granting permanent exemption from personal appearance to United Breweries Group chairman Vijay Mallya in a case for allegedly evading summons issued by the ED in connection with purported violation of foreign exchange rules.

Chief metropolitan magistrate Sumit Dass, who was hearing final arguments in the case, was told by the ED’s prosecutor N.K. Matta that he would file an appropriate application in this regard within a week.

The court posted the matter for further hearing on 20 May.

During the hearing, Matta argued that the court should recall its December 2000 order by which Mallya was granted permanent exemption from personal appearance as a Prevention of Money Laundering Act court in Mumbai recently issued an open-ended warrant against Mallya, in connection with an alleged money laundering case.

He said the exemption order was passed by the court and the present status is that Mallya has gone abroad and in such situation, he will file an application seeking cancellation of exemption granted to Mallya.

Senior advocate Ramesh Gupta, who appeared for Mallya, said his client was earlier granted exemption from personal appearance on 20 December 2000 and he be exempted for Wednesday.

In the present case, the ED alleged that Mallya violated the provisions of the Foreign Exchange Regulation Act (FERA) in arranging funds to advertise his company’s liquor products abroad.

The ED claimed that Mallya was summoned on four occasions for questioning in connection with a contract signed in December 1995 with London-based firm Benetton Formula Ltd for promotion of the Kingfisher brand abroad.

When Mallya failed to appear before the ED in response to the summons, a complaint was filed on 8 March 2000 before a court and later on, a charge was framed against him under section 56 of FERA.

According to the ED, Mallya allegedly paid $200,000 to the British firm for displaying the Kingfisher logo in Formula One World Championships in London and some European countries in 1996, 1997 and 1998.

The agency claimed that the money was allegedly paid without prior approval from the Reserve Bank of India in violation of FERA norms.

28 Apr. 2016

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