Home Business News Beer prices set to go up amid rising grain costs amid Russia-Ukraine war and soaring inflation

Beer prices set to go up amid rising grain costs amid Russia-Ukraine war and soaring inflation

by LLB Finance Reporter
21st Apr 22 1:11 pm

The Russian-Ukraine war has impacted the beer industry as there has been a major spike in grain costs, soaring commodity inflation and supply chain issues.

The Dutch brewing giant Heineken who makes Amstel, Sol and Birra Moretti amongst others have warned drinkers that they will have to pay more for a pint.

The brewer said in order to keep on top of costs they will have to put prices up as they have also predicted a “significant headwind” later this year.

Heineken’s chairman Dolf van den Brink said, “Looking ahead, we see more macro-economic uncertainty and expect significant additional inflationary headwinds putting further pressure on our cost base.

“We will take additional actions including pricing to manage these challenges whilst we continue to invest in superior, balanced growth and sustainable value creation.”

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