Hops Shortage Spiking Up Beer Prices

February 26, 2008

Severe weather ruined hops production in Europe, causing many farmers to plant corn instead for ethanol production. It all means hops are now going for $35 to $40 a pound instead of the $3 to $5 this time last year.  Barley rates are also up 25 to 40 percent. 

The production costs are just now trickling to consumers.  Whole Foods has posted a sign saying beer customers can expect “dramatic price” increases, about one to two dollars on every six pack. 

You can read the rest here.

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