Sunday, May 18, 2014
Hop Demand Increasing - Prices Are Too
GRAND RAPIDS, Mich. (NEWSCHANNEL 3) - The craft beer craze is sweeping the nation, and West Michigan has become a hotbed for microbreweries. But high demand is driving up prices for one of the main ingredients, and the consequence could be tough to swallow for craft beer lovers. Hops prices across the country are the highest they've been since a drought-damaged crop in 2008. Right now, brewers say they're paying roughly $7 to $14 per pound for Michigan-grown hops. But the growing value of hops is helping a fledgling industry grow stronger in Michigan. ...more
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