Cost of Beer Unlikely To Fall Despite Plummeting Hops Prices, Crop Surplus

oregonlive.com:

The hops shortage of 2007 is over, buried in a glut of unsold hops. Don't expect craft beer prices to follow -- the $5 pint and $9 six-pack are likely facts of life -- but hops prices are now so low that some Oregon and Washington growers left hops unharvested this fall.

Read the whole story: oregonlive.com

Comments

[Cheapthrills]

10:10 AM on 10/29/2009

Makes me want a brewski...

[larry278]

08:13 PM on 10/28/2009

This means that I wasted my time chasing frogs to catch their hops. Nobody will buy them since Oregon had a bumper crop of hops. I'll have to get along on the new extension of unemployment benefits since I shake too much to roll joints & sell them 1 at a time.

[ResidualSelfImage]

04:13 PM on 10/28/2009

""We need more stimulus spending. More jobs programs. Lets pray that Obama can get it done. Millions of lower & middle class Americans are falling through the cracks. We need a bailout to help them, not the banks.""
OBAMA WONT FIX BAD TRADE DEALS LIKE HE PROMISED!!!

[ResidualSelfImage]

04:11 PM on 10/28/2009

LET THEM GROW HEMP!
8X the bio diesel of canola.

[oonamanoona]

03:21 AM on 10/29/2009

Illegal to grow hemp here but legal to import. Insane.

[endlessirony]

03:55 PM on 10/28/2009

The price is not going down because as the economy gets worse people drink more and more hops means less cost for them. In short it's a good time to be a major beer maker.

[KIVPossum]

05:46 AM on 10/29/2009

It's a good time to be a beer retailer. Never knew it until I got in the business; there's so much profit in alcohol it is sinful. I could afford to give the food away as long as you keep drinking.

What's interesting is, in a down economy people are drinking cheaper brews, which have a much higher profit margin. I make more money per glass on Ukrainian rotgut than good German beers.

Drink up.

[Democratuser]

02:06 PM on 10/28/2009

We need more stimulus spending. More jobs programs. Lets pray that Obama can get it done. Millions of lower & middle class Americans are falling through the cracks. We need a bailout to help them, not the banks.

hat tip to http://financeopinionss.blogspot.com

lets get unemployment benefit extension passed

[Sam1234567]

04:04 PM on 10/28/2009

Yes, more debt to cause more inflation.

[oonamanoona]

03:22 AM on 10/29/2009

I take it you are comfortably employed? Hope that lasts for you.

[Schnides]

01:51 PM on 10/28/2009

Dude, no I'm really afraid for our country!