Friday, January 9, 2009

Maibock update/hop prices

Upon checking back with Cricket Hill Brewery on maibock for this spring ...

Owner Rick Reed says it's still up in the air, but odds are the crew there in Fairfield (Essex County) won't brew one for 2009. Just the way it is.

Meanwhile on another note, Rick mentioned the spike in hop prices is retreating. You'll recall we're paying more for beer in general these days because of the hop shortage/price jump that started working its way into the system in late 2007. (Surging barley prices had something to do with the higher beer prices, too.)

But Rick shared some figures from supplier Hop Union on Friday. He says contract prices for the 2008 crop range from $17-$19 per pound, dipping to $14-$17 per pound for the 2009 harvest. It gets better for 2010, $10 per pound.

Rick also noted availability of varieties looks better, too.

Price drops on anything are good to hear. But when you're in the throes of a recession like we are, well it usually points to some other things, too. It's hard to say exactly how it will play out for the consumer, but for now, take it at face value.

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