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Current Position:Home » News » Beverages & Alcohol » Alcohol » Topic

Hop prices soar as US craft beer boom takes off

Zoom in font  Zoom out font Published: 2014-05-14  Views: 11
Core Tip: An ice-cold craft beer has become part of the uniform for self-respecting hipsters from Brooklyn in New York to the London borough of Hackney.
An ice-cold craft bUS craft beer eer has become part of the uniform for self-respecting hipsters from Brooklyn in New York to the London borough of Hackney. Now the craze for the microbrews made by small independent brewers has led to a scramble for hops, the key ingredient used to add flavour and bitterness.

In the US, where the movement was born, the $14bn craft beer industry has seen annual double-digit production growth over the past few years. This has doubled the price of the specialist aroma and flavour hops favoured by craft brewers to about $7 to $10 a pound over the past five years – the highest since 2007-08 when the market was hit by a severe drought.

Craft beers use between four to 10 times more hops than the average lager produced by multinational beer companies and are often described as "hop bombs".

"I've been buying hops for 30 years. It's more challenging now than just about any time in my career," says Steve Dresler, brewmaster at California-based Sierra Nevada, a leading craft brewer started by homebrewers in the late 1970s.


 
 
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