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Hops Shortage Spiking Up Beer Prices

February 26, 2008
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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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