18 October, 2005

World: Hop acreage outline for 2002- 2005

In the last three years the world hop acreage declined by about 700 hectares. This is an effect of the shrinkage in the acreage in Germany, Czech Republic, Australia, U.S.A. and China, according to the Hopsteiner analysts. This trend was to some extent changed as the 2005 acreage in the USA has increased by 600 hectares.

The developments in the crop 2004 market showed that the time of overproduction and excess stock would be to end.

Thus there is an expectation that the 2005-06 bitter hops market will be balanced. In the case of aroma hops it is already apparent that demand is explicitly higher than the supply. Prices have already increased accordingly.

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