BierMuncher said:~ A temporary overlap in suppliers creates a glut and the pricing pendulum swings.
~ Prices deteriorate to "give away" levels, as the market attempts to balance inventories.
*** and then ***
We all go back to brewing IIPA's with 2 pounds of hops per 10-gallon batch..![]()
The distributer I deal with says he figures price rise for the next year then a drop to around current prices. This also has a lot to do with hop farmers considering going corn for ethanol as it pays better.