China’s recent cold snap undermined beer sales in the People’s Republic, according to the most recent sales update from global brewing giant SABMiller out today:
Lager volumes in Asia Pacific declined by 1% on an organic basis (which excludes Australia volumes altogether), largely as a result of subdued volumes in China, which declined 3%, due mainly to an exceptionally cold and wet winter across the country.
Consumers were more in the mood for a cold one in Latin America, where in Colombia and Peru—two bright spots—volumes were up 7% and 6%, respectively.