Rising hops prices could increase cost of beer

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by Hayley Guenther & KREM.com

KREM.com

Posted on July 27, 2012 at 6:42 AM

Updated Friday, Jul 27 at 8:26 AM

SPOKANE-- Americans like their beer.

200 million barrels of beer was sold last year alone, and brewers say with demand only going up, they expect that number to be even higher.

Those sales would be a good thing for the industry, but it’s actually creating a hops shortage.

At Twelve String Brewing Co. in the Valley, hops are completely sold out, which is causing prices to shoot up for many brewers.

Owners of Twelve String say the people’s love for beer has actually made opening a new shop difficult. There just aren’t enough specialty hops available right now to keep up with the increase.

New crops are being planted, but it takes about two years to produce quality hops. Owner of Twelve String Terry Hackler says Amarillo and Sumco are the two hops wanted most right now by craft brewers.

Hackler has not raised prices yet, but if hop prices continue to go up, don’t be surprised when then cost of your favorite cold one rises too.

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