Pivnoe Delo


Top articles



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.

Vietnam’s top brewer Sabeco cleared for share listing by Dec

kgprcspmVietnam has given the green light for the country's biggest brewer, Sabeco, to list shares in Ho Chi Minh by December as part of a long-awaited privatisation set to offer investors a slug of Asia's third-biggest beer market after China and Japan.

Phan Dang Tuat, head of the Industry and Trade Ministry's enterprise renovation and development committee, told Reuters on Tuesday that Hanoi had granted approval to list shares in a firm it first earmarked for privatisation in 2008 on the Ho Chi Minh Stock Exchange.

Known for its Bia Saigon and 333 brews, Ho Chi Minh City-based Sabeco - formally known as the Saigon Beer, Alcohol, Beverage Corp - is valued at about $2 billion by Hanoi. With 45 percent of Vietnam's beer market, its net profit jumped 27 percent in first-half 2016 to 2.39 trillion dong ($107 million).

"(Sabeco) has 10 to 12 weeks to debut, depending on the consultative contract," Tuat said, referring to Sabeco's plans to hire a consultant firm to advise on the listing. He didn't say how much of the company will be sold in the December listing plan.

The company has received expressions of interest from major foreign brewers lured by the size of the Vietnamese market, including ThaiBev, the flagship company of Bangkok's billionaire beer magnate Charoen Sirivadhanabhakdi. Sabeco sold 1.52 billion litres of beer last year, up 9 percent from 2014.

But potential partners keen to tap rising consumer spending by Vietnam's fast-growing middle class have faced repeated delays in the privatisation process. Under criticism from some investors for being slow to privatise assets, the government had said in August it would fully divest from the country's two biggest brewers, Sabeco and Habeco.

That would include selling its 89.59 percent stake in Sabeco worth $1.8 billion, by the end of 2017.

The government has also said divestment in Habeco, the maker of Bia Ha Noi beer ranked third by market share after Sabeco and Dutch brewer Heineken NV, would be completed by the end of this year.

Officials at Sabeco weren't immediately available for comment.

27 Сен. 2016



Main topics

Exact matches only
Search in title
Search in content
Search in comments
Search in excerpt
Search in posts
Search in pages
Search in groups
Search in users
Search in forums
Filter by Custom Post Type
Filter by Categories