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Prices
The same guy that controls beer prices and all other prices in the World (exceptions are: the only things that you cannot put a price on them-priceless). His name is MARK....ET. Supply and demand my friend.
Sometimes things that were once in grate supply become priceless too.
Cheers, Steve
Originally posted by Michael MurphyWho is controlling the hop prices?
Farmer, buyer or the resaler? I know they put the panic out there now. are they just going to keep raising the price until we stop buying hops?
What about 2009? How are you getting prepared for next years needs?
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speculation
In my opinion it is pure speculation and a weak dollar right now. The prices rose on bad crop reports, and now they are creating artificial supply, allowing bit by bit quantities into the market, enjoying the price wave.
I predict that prices will plummit, but not until NOV-DEC 08, after all have bought cheaper but still expensive hops in incredibly large quantities in Sep. after the crop and theUS has a new president.
As I reported in a similar thread, a collegue of mine signed a 5-year contract with his hops supplier a few weeks ago and has locked in a price starting SEP 08 which is 1/3 of his current price.
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Its no doubt a confluence of events. Heres an article from brew your own magazine with an interview with Ralph from hopunion:
It makes an interesting read
DSDavid Scarborough
Brewer at large
East coast USA
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Originally posted by DavidSIts no doubt a confluence of events. Heres an article from brew your own magazine with an interview with Ralph from hopunion:
It makes an interesting read
DS
I have spent alot of money on hops this year, we just got our shippement in to get us through the year, normaly we buy as we go. I just got a bill for 75,000 usd for 1,500 kgs of hops. and I already have another 1000kg from 06.
I want to speculate to see if the prices decrease by the next harvest before buying more. Should I consider myself lucky to have hops in stock or what?
btw. I use extract as well but Im not buying any as the price has gotten ridiculously high 420€ per kg AA...www.Lervig.no
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Originally posted by DavidS.....
It makes an interesting read
DS
Thanks for the link. Chris wrote a well researched and nicely put together article.
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Originally posted by sloppyHi DavidS
Do not insult Ralph by saying Ralph from Hop Union. Ralph is the OWNER and General Manager of Hop Union.
CheersCheers & I'm out!
David R. Pierce
NABC & Bank Street Brewhouse
POB 343
New Albany, IN 47151
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No insult intended, believe me. Proper colloquial grammer should have been "of" and not "from". Evidently I erroneously presumed this was a given fact.
No way, no how, would I dare bite the hand that feeds us.
DSDavid Scarborough
Brewer at large
East coast USA
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