Business
Beer industry optimistic of 2014
Publish Date: Feb 04, 2014
Beer industry optimistic of 2014
Beer consumption is expected to rise in 2014
  • mail
  • img
newvision

By David Mugabe

The beer industry is optimistic about a sound economic environment in 2014 that should see beer consumption rise again after a tough 2013.

“2013 was a tough year from a consumers’ point of view, they have little disposable income. Beer volumes were down by about 5-10%. 2014 will be tough but better than 2013,” said Nick Jenkinson, Nile Breweries managing director. 

Jenkinson was addressing the media over the weekend about the company’s outlook for 2014.

He called for more use of pesticides and fertilizers to boost farm productivity especially for materials produced locally like sorghum.

“We need to start improving yields and farm techniques,” said Jenkinson.

Currently 3,500 tonnes of barley are produced locally although Nile Breweries consumes 12,000 tonnes locally. This is about 30% of inputs sourced locally with the rest imported.

He said the high barley imports is because barley needs high altitudes to grow and geographically, it cannot be grown everywhere while land is under enormous pressure in areas where it is grown currently in Kapchorwa and Mount Elgon.

Beer consumption in Uganda is still low at about 7-8 liters per capita consumption. Much of the alcohol consumed is informal and semi processed because beer is still relatively expensive. 

But with an expanding economy and more disposable income, this is set to grow.

“The prognosis for beer is positive with underlying prospects on oil coming on stream, and rising incomes,” observed Jenkinson.

 

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Kasese farmers get modern storage facilities
The World Food Programme (WFP) has handed over three maize storage facilities to three farmers’ cooperatives of Kyabarungira and Kitswamba sub-counties in Kasese district....
EAC’s Sezibera to visit Namanve
The secretary-general of the East African Community is set to visit Namanve Industrial Park on Thursday....
Scientists told to research on local construction materials
The Research Industrial Institute should come up with new technologies of local materials in the construction industry in the country to reduce reliance on imported ones....
PM Rugunda launches USE automated system
The Uganda Securities Exchange (USE) is now officially trading using an internet-enabled automated trading system....
World markets plunge on fears of weaker global growth
World stock markets plunged further on Tuesday as more gloomy evidence emerged of China''s economic slowdown, triggering heavy sell-offs from Hong Kong to New York and raising fears of weakening global growth....
Consider solar more as alternative power source- Eskom boss
The new head of power generating firm, Eskom has advised Uganda to explore its solar potential seriously as an alternative to the hydropower to increase electricity reach....
Are poor parliamentary debates a result of removal of school debates?
Yes
No
Can't Say
follow us
subscribe to our news letter