Pivnoe Delo


Top articles



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.

Kirin Holdings Fiscal Year Group Net Profit Y11.39 Billion, Down 77%

Kirin Holdings Co. (2503.TO) said Thursday that its net profit for 2010 tumbled 77%, due to amortization of goodwill related to M&As in 2007.
The Tokyo-based beverage company, which wholly owns Australia's Lion Nathan Ltd. (LNN.AU) and 48% of San Miguel Brewery Inc. of the Philippines, posted a net profit of Y11.39 billion for the full year, compared with Y49.17 billion in profit in 2009.
The company booked a special loss of Y38.8 billion in the just-ended business year, reflecting amortization of goodwill related its purchase of its Australia-based National Foods Ltd., which Kirin bought in 2007. Goodwill is an intangible asset to be amortized when the purchase price exceeds what is considered fair market value.
Given higher input costs among other changing business conditions in Australia, Kirin made a conservative assessment on National Foods' brand value and booked the loss to comply with International Financial Reporting Standards, which Australia introduced in 2005.
Kirin's sales came to Y2.178 trillion, a 4.4% fall from Y2.278 trillion a year earlier. But operating profit grew 18% to Y151.61 billion thanks to benefits of cost cuts.
For 2011, Kirin is predicting a net profit to grow five-fold to Y58 billion. It expects a 0.3% gain in operating profit to Y152 billion and a 1.7% decline in revenue to Y2.140 trillion.
Kirin's earnings are based on Japanese accounting standards.

10 Фев. 2011



Main topics

Exact matches only
Search in title
Search in content
Search in comments
Search in excerpt
Search in posts
Search in pages
Search in groups
Search in users
Search in forums
Filter by Custom Post Type
Filter by Categories