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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.

Philippines’ San Miguel eyes share offer for brewery

* Says in talks with Kirin on San Miguel Brewery share sale
* Plans to put up breweries in Laos, Cambodia
* To open 4 additional bottling plants in Philippines (Recasts, adds comments after stockholders' meeting)

MANILA, May 31 (Reuters) - Philippine conglomerate San Miguel Corp said on Tuesday it was talking to Japanese partner Kirin Holdings about a secondary share offer for their San Miguel Brewery unit this year to increase its public float.

San Miguel Brewery is the Philippines' most valuable listed firm. San Miguel Corp owns 51 percent and Kirin owns 48.4 percent, leaving a free float of 0.6 percent, according to stock exchange data.

The Philippine Stock Exchange has ordered listed firms to increase public ownership to 10 percent.

"We will do it just to comply with the PSE requirement," San Miguel president Ramon Ang told reporters before the brewer's annual shareholders' meeting. He said the share offer was planned for this year, but did not indicate a size.

Speaking after the meeting, Ang said San Miguel was in talks with Kirin about the share sale plan.

"There is a possibility that we will put together our shares," he said.

Ang also said San Miguel Brewery was planning to build breweries in Laos and Cambodia, each with a capacity of about 500,000 hectolitres, as it seeks new markets.

San Miguel Brewery, which makes nine out of every 10 beers sold in the Philippines, also plans to put up four bottling plants in its home market at a cost about $100 million, as it seeks to expand bottling capacity by around 30 percent.

The additional plants, each with a capacity of 30 million cases a year, will help reduce logistics cost, Ang said.

Earlier this month, he said San Miguel Corp was considering selling stakes in its power and food subsidiaries as it seeks to raise more funds to invest in new ventures, and to meet the minimum public float requirement. [ID:nL3E7GD1K0]

The conglomerate recently sold $900 million worth of shares and bonds, partly to lift its public float.[ID:nSGE744008]

San Miguel has dominated the local food and beverage industry for decades, but recently has added power, mining, telecommunications, oil refining and infrastructure to its stable of businesses. (Reporting by Erik dela Cruz; Editing by Rosemarie Francisco)

1 Июн. 2011



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