The Limited Times

Now you can see non-English news...

Radeberger, Krombacher & Co .: Large breweries want to raise beer prices significantly

2021-10-19T13:58:47.841Z


The corona pandemic has hit many breweries hard. Now industry giants such as Veltins and Radeberger want to increase their income - and are planning some substantial price increases for the beginning of 2022.


Enlarge image

Bottles in a Veltins plant

Photo: Rainer Jensen / dpa

Beer is expected to become more expensive across the board soon.

A number of large breweries have announced price increases for the coming spring in view of increased energy, logistics and raw material costs.

In addition to Germany's largest brewery group, Radeberger, Pilsner market leaders Krombacher and Veltins also want to increase their prices for draft and bottled beer, as they confirmed to the dpa news agency on Tuesday.

The industry service “Beverage News” had previously reported on the plans (click here for the article).

A spokeswoman for the Radeberger Group justified the price increases with massive increases in costs for energy, logistics, empties and raw materials, consumables and supplies.

Krombacher pointed out that the last major price adjustment was three years ago.

According to estimates by the industry service “GetränkeNews”, the price increase will make the glass of beer in the pub between 30 and 50 cents more expensive, and the crate of beer in the beverage market by around 1 euro.

Price increases in early 2022

However, beer lovers still have a grace period: Radeberger does not want to start raising prices until February.

Retail prices are not even expected to rise until May.

Krombacher and Veltins want to turn the price screw at the beginning of April.

Germany’s breweries have had difficult years.

The corona pandemic has hit the industry heavily because of the months-long closings in the catering sector.

In some cases, brewers had to go over to destroying their stocks of beer because the use-by date had expired.

The more closely the companies were connected to the catering and event business, the more serious the slump in sales.

On average, the drop in sales was 23 percent last year.

Although sales of bottled beer for private consumption increased, the brewers earn lower margins from them.

beb / dpa

Source: spiegel

All business articles on 2021-10-19

You may like

Life/Entertain 2024-02-27T11:04:52.767Z
News/Politics 2024-03-30T07:16:53.922Z
News/Politics 2024-03-26T07:15:29.057Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.