Friday, May 09, 2008

Price of Hops is starting to skyrocket

My sister Kim called me last night and asked if I had talked to Terri. It seems that there is a world wide shortage on Hops, a key ingredient in the brewing of beer. The price of Hops has went up 400% in some cases, and in some cases twice that. Hops was being sold at $4.27 a pound in February and the price is currently $12.96 a pound. Some sellers are selling it for as much as $22.00 to $25.00 a pound.

I did a Google Search and found numerous articles talking about the increase in this. With rising fuel costs, and the exponential rising cost of hops, expect to see a drastic rise across the board in beer prices in the very near future.

If I were a bar owner, stocking up now might be a smart move.

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