1909.] 



Hop Trade of Bavaria. 



39i 



The Report states that the world's crop in 1908 may be 

 reckoned as one of the most abundant of the last decade. 

 England had a large yield, and practically all other hop- 

 growing countries had larger crops than in 1907, except 

 America, where the crop was about 200,000 cwts. short of 

 that of the previous year. 



Under the pressure of this large growth and the consider- 

 able stocks remaining from the previous year, prices ruled 

 lower in 1908. From September up to the end of February 

 prices dropped continuously. During September and October, 

 when it became apparent that in spite of an abundant crop 

 there were very few choice hops, there was a demand on the 

 Nuremberg market and in the Bavarian districts of produc- 

 tion, for good coloured, green, and sound hops, and for such 

 qualities proportionately very good prices were paid. 



As soon as these good qualities were bought up things 

 became very quiet everywhere, and even the prices of fine 

 qualities which had mostly passed into the hands of the trade 

 declined. Owing to the demand for export to England 

 (mostly good medium qualities); business about the middle 

 of November became more active, but prices did not improve. 

 Best qualities fairly maintained their value, and medium 

 qualities were still saleable, but for common hops, even at 

 the low price of 15s. to 20s. per cwt., only a few purchasers 

 were to be found, and everywhere the stocks of these remain 

 unsold. 



The yield of the crop in Germany and other countries is 

 estimated as follows in thousands of cwts. : — 





1907. 



1908. 



Bavaria 



... 266 



295 



Wurtemburg ... 



61 



69 



Baden ... ... ... 



31 



37 



Alsace ... 



88 



98 



North Germany 



18 



20 



Germany — total ... 



... 464 



519 



Austria ... ... 



... 306 



325 



Russia ... 



... 69 



7» 



Belgium and Holland .. 



49 



83 



France ... 



■■ ... 78 



78 



England 



373 



588 



America 



609 



393 



Australia 



15 



15 



World's crop ... 



... 1,963 



2,079 



It is estimated that on 1st September, 1909, a stock of 



