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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. United Breweries Q1 net rises 20% on higher sales and lower costs

United Breweries’ June quarter net earnings increase 20.4% because of double-digit growth in eastern and southern markets at 18% and 13%, respectively.

UB

United Breweries Ltd on Saturday said its net profit for the June quarter rose 20.4% from a year ago due to higher sales and lower costs.

Net profit for the quarter rose to Rs.147.06 crore against Rs.122.14 crore a year ago.

Net sales rose 8.6% to Rs.1,485.67 crore from Rs.1,368.03 crore during the same period last year.

The company made double-digit growth in eastern and southern markets at 18% and 13%, respectively, while northern and western parts were marginally under pressure, the company said. The volume growth for the quarter was at 6%.

“Growth in the east was realized in West Bengal, Odisha and Jharkhand, while in Bihar it made nil sales due to ban on liquor. In the south, volume growth was driven by sales in Andhra Pradesh, Telangana and Kerala, while in north it made modest growth in Delhi, Haryana and Uttar Pradesh”, the company said in a notice to the BSE.

For the quarter, gross margin grew by 7%, while earnings before interest, tax, depreciation and amortization (EBITDA) grew by 15%, it added.

On Friday, United Breweries Ltd ended at Rs.789.05 on the BSE, down 4.1% from the previous close, while the benchmark index Sensex rose 1.05% to close at 28152.40 points.

15 Авг. 2016

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