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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.

Singapore. Fraser and Neave’s net profit up 34% to $25.5m in Q1

Thanks to higher dairies revenue.

A security guard walks past a logo of Fraser and Neave Limited at its office building in Singapore January 21, 2013. Thailand's third-richest man has raised his stake and takeover offer for Fraser and Neave Ltd to fend off a bid by a group led by Indonesian tycoon Stephen Riady as the battle for the Singapore property and drinks group draws towards a close. REUTERS/Edgar Su (SINGAPORE - Tags: BUSINESS LOGO)

Fraser and Neave reported that its net profit from continuing operations jumped 34% to $25.5m in the first quarter, boosted by a staggering 92% surge in profits from its Dairies segment.

When results from its discontinued operations are included, F&N's net profit fell 29%. Discontinued operations refer to Myanmar Brewery, which was divested in August 2015.

The group's results were also boosted by a one-off $0.3m insurance claim related to the floods in Malaysia and the absence of impairment loss on fixed assets of $1.0 million recorded in the corresponding quarter last year.

F&N's beverages revenue decreased 19% to to $132.1 million, mainly on due to weaker soft drinks sales in Malaysia on competition-led pricing pressures and weaker Ringgit.
The group's Publishing & Printing segment also bounced back from a loss of $0.7 million to a profit of $2.5 million during the quarter.

4 Фев. 2016



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