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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.

Philippines. Business units boost San Miguel core profit to P31.1B at end-Sept.

Conglomerate San Miguel Corp. (SMC) booked a 54-percent year-on-year growth in core net profit to P31.1 billion at the end of September, bolstered by higher earnings across its food, beverage, power generation and oil businesses.

Including extraordinary items, SMC’s reported net income surged by 125 percent year-on-year to P43 billion for the nine-month period.

Earlier this year, SMC sold its telecommunication assets to PLDT Inc. and Globe Telecom, giving up an earlier bid to compete in this business.

In a press statement on Friday, SMC reported that operating income reached P73.2 billion, 24 percent higher year-on-year as core beverage, food and packaging businesses all maintained growth momentum.

Group-wide sales eased by 1 percent year-on-year to P498.3 billion.

Beer unit San Miguel Brewery grew its net profit by 22 percent to P12.2 billion on the back of an 18-percent growth in net sales to P69.3 billion. Hard liquor unit Ginebra San Miguel also jacked up its net profit to P238 million from a meager P9 million a year ago.

Food unit San Miguel Pure Foods Co. Inc. grew its net profit by 29 percent to P3.75 billion while net sales rose by 5 percent to P80.58 billion.

SMC Global Power Holdings Corp. grew its net profit by 320 percent to P5.74 billion while Petron Corp. posted a 47 percent increase in net profit to P7.43 billion.

SMC also announced a plan to raise as much as P60 billion from an offering of new bonds under the shelf registration facility. It aims to initially offer P20 billion worth of bonds.

11 Ноя. 2016



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