Another reason beer prices are unlikely to fall

I posted earlier about a glut of hops leading to more supply than demand, and hops being left to rot on their vines rather than to lose money harvesting them.

Well, here’s another effect of last year’s hop shortage: Microbrewers are locked into contracts based on last year’s high prices.

From Yakima’s KIMATV:

Miller (a head brewer) says he’s paying around 10 dollars more per pound than what hops are going for right now. It’s forced him to bump up his prices 10-15 cents per pint and change his recipes reducing his hop variety by more than half.

Read the full story here.

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