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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. UBL’s September quarter profit down 48.09% to Rs27.05 crore

UBL’s total income from operations on standalone basis was up 3.16% to Rs2,201.24 crore for the quarter ended on 30 September 2016.

ubl-kvff-621x414livemintLiquor firm United Breweries on Friday reported 48.09% decline in standalone net profit to Rs27.05 crore for the quarter ended on 30 September 2016. It had posted a net profit of Rs52.11 crore in the July-September quarter a year-ago, the company said in a filing to the BSE.

Total income from operations on standalone basis was up 3.16% to Rs2,201.24 crore during the period under review as against Rs2,133.74 crore of the corresponding quarter of the previous fiscal. Its total expenses were up 4.45% to Rs2,150.29 crore as against Rs2,058.54 crore.

For the first half of FY 2016-17, United Breweries’ net profit was marginally down 0.08% to Rs174.11 crore as against a net profit of Rs174.25 crore in the year-ago period. Its total income from operation in the first half of the current fiscal was up 9.60% at Rs5,445.87 crore as against Rs4,968.55 crore in the same period last year.

Shares of the company settled on Friday at Rs875.00 on BSE, up 0.39% from previous close.

7 Nov. 2016

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