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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.

UK. Pubs firm reports lower profits

The UK's biggest pub landlord was hit by a plunge in beer volumes during the Olympics as punters stayed at home to enjoy the London 2012 Games.

The UK's biggest pub landlord was hit by a plunge in beer volumes during the Olympics as punters stayed at home to enjoy the London 2012 Games.

Enterprise Inns, which has 6,060 leasehold and tenanted pubs, said that while "national pride" might have received a boost, beer volumes dropped 8% year-on-year in the two weeks covering the Olympics, compared to a 3% decline for the financial year.

The Solihull-based group saw pre-tax profits drop 12% to ?137 million in the year to September 30 as it continued its disposal programme, selling 301 properties in the period.

Enterprise, which saw like-for-like sales decline 1.2% compared to a 4.3% drop the previous year, said it had raised ?208 million from disposals in the period.

Within this, 199 properties were unsustainable pubs, generating net sale proceeds of ?67 million, while 102 were "exceptional properties" generating net proceeds of ?117 million.

A further 17 were sold as a sale and leaseback package for net proceeds of ?24 million.

The group said the year was lifted by events such as the Diamond Jubilee and Euro 2012 football championships, although these were offset by record-breaking rainfall in the period.

Enterprise said it wants to reduce the size of the estate to 5,200 properties over the next three years and spend ?180 million on improving the quality of its sites.

It hopes to receive proceeds for disposals in the year to September 2013 of around ?150 million.

The board said that due to economic uncertainty, it believes it is not appropriate to resume dividend payments. Shares were slightly higher after the results were published.

21 Ноя. 2012



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