Brewers and hop growers in Germany are at risk of bankruptcy
Hop
Other Beer
Vegetables
Germany
Published Dec 24, 2022
Tridge summary
German breweries and hop growers are in more and more trouble from a business perspective. In both areas, they are struggling with increasing costs that cannot or can only be passed on with difficulty in the value chain, the representatives of the industry said in Munich. On top of all this, hop growers in the German growing areas reported a dramatically poor harvest.
Original content
Adolf Schapfl, president of the German Hop Growers' Association, said that around 4-5 percent of the farms may give up their operations this year. This difficult situation will continue for a few more years, and in the long term every fifth company may be affected by the unfavorable process. In 2022, the hop harvest in Germany was 34,406 tons, 28 percent less than the previous year. This caused a loss of revenue of around 88 million euros, said Adolf Schapfl. At the same time, additional costs of 46 million euros are generated due to increased costs - including energy and fertilizer. A total of 134 million euros is missing from the coffers of hop growers in 2022. They typically achieve annual revenues of €300 million in the industry. "This shows very well the drama of the matter," added Adolf Schapfl. It is hardly possible to increase the price of hops, because they usually operate on the basis of long-term contracts in the industry. In addition, breweries are also in a difficult ...
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