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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. Wilful defaulters case…UB, Mallya seek legal representation

United Breweries (Holdings) Ltd. and its Chairman Vijay Mallya on Friday approached the Delhi High Court, seeking legal representation at a hearing before a State Bank of India (SBI) panel where they would need to explain why they should not be declared wilful defaulters, reports a business daily.

“Without a lawyer’s assistance, I have been held to be a wilful defaulter. This amounts to breach of principles of natural justice,” Mallya has been quoted as saying.

Denial of an opportunity to be represented by a trained legal representative at the hearing would amount to miscarriage of justice, UB and Mallya's counsel Rajiv Nayyar has been quoted as saying.
The Delhi high court may not be the correct forum to deal with the matter, according to Justice Rajiv Sahai Endlaw.

“It appears that redressal for the grievance brought before the court has to be sought before the Bombay high court,” Endlaw said.

The case will be heard next on 1st February.

In November 2014, SBI had declared UB, Kingfisher Airlines and Mallya wilful defaulters.

Kingfisher Airlines approached the Bombay high court, which allowed it legal representation before the redressal grievance committee.

This was challenged by SBI in the Supreme Court on the grounds that it violated rules set by RBI, which stipulates that only the borrower be present during the meeting of a redressal committee.

The Supreme Court upheld the Bombay high court’s order and allowed legal representation to Kingfisher Airlines.

25 Янв. 2016

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