Beer prices to rise with input costs
Higher-than-expected raw materials costs may lead to an increase in beer prices with Carlsberg warning that it may have to raise prices in most of its markets next year.?? This is likely to further depress declining beer sales in markets such as Western and Northern Europe.
15 November 2010
Prices for raw materials such as barley and malt have risen substantially, driving up input costs for brewers with malt prices are likely to remain high until the middle of next year at least.
However it’s not all bad news for Carlsberg. Following an initial beer sales setback there earlier this year when the Russian government upped tax on beer three-fold in January, the Russian beer market has witnessed a gradual recovery with favourable implications for Baltika Breweries, Carlsberg’s key brewing operation in Russia.