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Date: 06 Oct 2006 08:17:58
From: Bill
Subject: Hope you are stocked up on Hops...
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A fire wiped out about 4% of the US hops in the Yakima Valley in Washington
state.
http://www.cnn.com/2006/US/10/03/hops.fire.ap/index.html
I don't know about you folks... but our club was going to do a bulk buy next
week, wish it would have been last week. Wonder how the prices will change
due to this?
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Date: 08 Oct 2006 17:47:10
From: alebrewer
Subject: Re: Hope you are stocked up on Hops...
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Bill wrote:
> A fire wiped out about 4% of the US hops in the Yakima Valley in Washington
> state.
>
>
>
> http://www.cnn.com/2006/US/10/03/hops.fire.ap/index.html
>
>
>
> I don't know about you folks... but our club was going to do a bulk buy next
> week, wish it would have been last week. Wonder how the prices will change
> due to this?
Not much would be my guess.
The homebrew market for hops is a very small segment of the overall
hops market. Because of the high mark-up seen in the price we pay, I
wouldn't think this would have much of an effect. That is, even if the
wholesale cost goes up 10% (only an estimated 4% of the crop was lost),
the retail price homebrewers pay ($10-$25 per pound) shouldn't change
much.
Now, there may be some retailers that try to take advantage of a
percieved shortage, but it is doubtful the market would support
something like that for very long.
ab
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