Barley prices rising due to war in Ukraine, could impact beer costs
BISMARCK, N.D. (KFYR) - The war in Ukraine has impacted gas, oil, and stock market prices. Now the beer you drink could be added to the list. Ukraine accounts for about 20 percent of the world’s barley that is used to produce beer and is one of the top five producers globally. With Ukraine in conflict, brewers are keeping an eye on supply and price.
“If Ukrainians aren’t putting in the next barley crop or they can’t deal with the barley crop that they have now in bins, and stuff like that, we’re going to have some real problems that’s going to ripple through the market on top of a drought already that we had last year,” said Mike Frohlich, founder brew master at Laughing Sun Brewery.
While another price increase on top of inflationary prices isn’t the news Frohlich was hoping for, he keeps his Ukrainian brewers in mind while navigating the current crisis.
“We got breweries in the Ukraine that have stopped making beer and putting gasoline in their bottles so that they can defend themselves against an aggressive attack like that. So, you know, I hope everybody just stays safe out there and we can go back to making beer again like normal,” added Frohlich.
A possible price hike does not seem like it will stop people from enjoying their favorite brews.
“No, I mean on the whole, within reason a nominal increase is more of an event that I’ve done my whole life, so I’m going to forge on,” said Matt Hayden, of Denver, Colorado.
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