Beer prices may increase due to Ukraine invasion

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Beer prices may increase due to Ukraine invasion
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Ukraine exports a significant percentage of the barley used for making beer.

Barley, one of the key ingredients in making beer, is heavily produced in Ukraine, WISN reports. The region is often called the "breadbasket of Europe" due to the high amount of grain grown in the area.Ukraine exports a significant percentage of the barley used to produce beer.

"Ukraine accounts for about 20% of beer’s usage of barley," he said. "It’s one of the top five global producers of barley, so brewers, particularly at a global level, will be watching the supply and price of barley." It's unclear what impact this will have on the price of beer, however. Major brewers, like Molson Coors, have reportedly been able to absorb the higher costs while keeping the price the same for consumers.

Some smaller beer makers are worried that they'll have to raise the price of beer in order to keep up with the rise in prices.Paul Johnson, bartender at St. Paul Fish Company in Wisconsin,"Like maybe 50 cents a glass on beer. Maybe a dollar on call drinks and stuff like that. But nothing too crazy," he explained.

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