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E-Malt.com Newsletter 09a
February 29 - March 02, 2016
Quote of the Week
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Currency Rates
Base Currency: US Dollar
on March 02, 2016 |
Base Currency: Canadian Dollar
on March 02, 2016 |
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1 USD = 0.9197 EUR
1 USD = 0.7169 GBP
1 USD = 1.3497 CAD
1 USD = 1.3984 AUD
1 USD = 113.0400 JPY
1 USD = 3.9917 BRL
1 USD = 74.0536 RUB
1 USD = 6.5535 CNY
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1 CAD = 0.7408 USD
1 CAD = 0.5311 GBP
1 CAD = 0.6813 EUR
1 CAD = 1.0359 AUD
1 CAD = 83.7400 JPY
1 CAD = 2.9570 BRL
1 CAD = 54.9098 RUB
1 CAD = 4.8547 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, PA: Number of licensed breweries nearly doubles over the last three years
...Click here
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USA, WI: Sand Creek Brewing Co. acquires two other craft breweries
...Click here
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USA, WA: Figurehead Brewing hopes to open this summer in Seattle
...Click here
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USA, MA: Gentile Brewing Company launching in Beverly on March 4
...Click here
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USA, NC: Green Man Brewery invests $5 mln in expansion
...Click here
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USA, OH: The Old Firehouse Brewery purchases two buildings for expansion
...Click here
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USA, NV: Lovelady Brewing Co. getting ready for opening in Henderson
...Click here
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USA, CA: Bear Republic Brewing Co. to open brewpub in Rohnert Park
...Click here
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USA, CA & MA & RI: Heretic Brewing Company expands distribution to Massachusetts and Rhode Island
...Click here
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USA, CO & IA: Odell Brewing to start selling its beer in Iowa in April
...Click here
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China: AB InBev agrees to sell SABMiller’s Chinese beer business to China Resources Beer Holdings Co.
...Click here
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Brazil: Beer production down in February and in January-February this year
...Click here
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The Czech Republic: Beer export hits record figure in 2015
...Click here
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Thailand: ThaiBev reports 22% increase in FY2015 earnings
...Click here
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Malaysia: Carlsberg Brewery Malaysia Bhd’s net profit up 18.36% in Q4 2015
...Click here
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Jamaica: Red Stripe’s earnings jump 35% in the quarter to December 2015
...Click here
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Italy: Craft beer sector booming in Italy with 1,000 craft beer establishments registered at the end of last year
...Click here
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India: United Breweries commences supply of beer from Rajasthan brewery acquired in 2014
...Click here
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India: United Spirits to continue pursuing recovery of loans worth Rs 1,337 crore from United Breweries Holdings
...Click here
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UK: Heineken launching tequila-flavoured beer Desperados on draft
...Click here
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UK: Pub bosses accusing big breweries of failing to pass on lower production costs to consumers
...Click here
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Graph of the Week
Table of the Week
UK Beer Sales by Distribution Channel 2000 - 2015
Prices Evolution
Barley Prices
Canadian Malting and Feed Barley Prices
US Malting and Feed Barley Prices
French Malting and Feed Barley Prices
German Malting Barley Prices
Theoretical Malt Prices
Canadian Malt Prices
US Malt Prices
Theoretical EU Malt Prices
These Days in Business History
29 February
1504 - Columbus uses a lunar eclipse to frighten hostile Jamaican Indians
1908 - Dutch scientists produce solid helium
1988 - As the junk-bond fueled takeover craze nears its peak, Wall Street has one of its biggest deal-days of all time
2012 - Tokyo Skytree construction completed. Now it is the tallest tower in the world, 634 meters high, and second tallest (man-made) structure on Earth, next to Burj Khalifa
01 March
1867 - Howard University chartered, Washington D.C
1927 - Bank of Italy becomes a National Bank
1947 - International Monetary Fund begins operation
02 March
1809 - The earliest known bank failure in the U.S. is reported when the Farmers Exchange Bank of Glocester, R.I., goes bust after issuing $800,000 in fraudulent loans against total capital of $45
2000 - Wall Street creates what may be the most worthless company of all time. 3Com Corp. spins off 23 million shares of Palm, Inc. on NASDAQ at an initial price of $38
2000 - Shares in MicroStrategy Inc., a hot software consulting firm, fall from $246.75 to $86.75 in a single day as chairman Michael Saylor announces that the company will have to slash its reported revenues and earnings for the past two years
Agenda
March 2016:
01-03: ProPak Vietnam 2016 (Ho Chi Minh City, Vietnam)
04-06: Barcelona Beer Festival 2016 (Barcelona, Spain)
07-09: VLB Brewing and Engineering Conference 2016 (Soest, Germany)
09-12: Brazilian Beer Festival 2016 (Blumenau, Brazil)
12: Festival de Cerveza Artesanal 2016 (San Jose, Costa Rica)
14-18: IBD Asia Pacific Convention 2016 (Sydney, Australia)
16-18: BeerX 2016 (Sheffield, UK)
16-18: Expo Antad & Alimentaria Mexico 2016 (Mexico City, Mexico)
23-25: St. Petersburg Brewers Forum 2016 (St. Petersburg, Russia)
April 2016:
03-07: Trends in Brewing 2016 (Ghent, Belgium)
07-09: Warsaw Beer Festival 2016 (Warsaw, Poland)
13-15: Siberian Beer 2016 (Novosibirsk, Russia)
15-16: Helsinki Beer Festival 2016 (Helsinki, Finland)
23-24: Zythos Beer Festival 2016 (Leuven, Belgium)
May 2016:
03-06: Craft Brewers Conference & BrewExpo America 2016 (Philadelphia, USA)
17-20: Beer (Pivo) 2016 (Sochi, Russia)
18-19: Brewing Equipment and Technology 2016 (Birmingham, UK)
19-21: Copenhagen Beer Festival 2016 (Copenhagen, Denmark)
20-18 June: Great Australian Beer Spectacular (GABS) 2016 (Melbourne - Sydney - Auckland, Australia)
25-29: Latvia Beer Fest 2016 (Riga, Latvia)
June 2016:
08-12: Mondial de la Biere 2016 (Montreal, Canada)
09-11: South Beer Cup 2016 (Curitiba, Brazil)
14-16: Shanghai International Brew & Beverage Manufacturing Technology and Equipment 2016 (Shanghai, China)
July 2016:
02: Beer Boot Camp 2016 (Johannesburg, South Africa)
07-10: Artbeerfest 2016 (Caminha, Portugal)
09: Beer Boot Camp 2016 (Cape Town, South Africa)
13-15: ProPack China 2016 (Shanghai, China)
August 2016:
05-07: The 20th International Berlin Beer Festival (Berlin, Germany)
09-13: The Great British Beer Festival 2016 (London, UK)
10-13: Vietfood & Beverage - ProPack 2016 (Ho Chi Minh, Vietnam)
13-17: World Brewing Congress 2016 (Denver, USA)
September 2016:
08-10: Irish Craft Beer Festival 2016 (Dublin, Ireland)
14-15: Food and Drink Technology Africa 2016 (Johannesburg, South Africa)
19-03 October: Oktoberfest 2016 (Munich, Germany)
24-25: Whisky Live Paris 2016 (Paris, France)
26-28: VLB Ibero-American VLB Symposium 2016 (Santiago de Chile, Chile)
28-30: Beer and Soft Drinks Industry - 2016 (Kyiv, Ukraine)
29-01 October: Stockholm Beer & Whisky Festival 2016 (Stockholm, Sweden)
October 2016:
06-08: Stockholm Beer & Whisky Festival 2016 (Stockholm, Sweden)
06-08: Great American Beer Festival 2016 (Denver, USA)
08-10: Brouwplus 2016 (Antwerp, Belgium)
11-14: China Brew, China Beverage 2016 (Shanghai, China)
21-23: The Finest Spirits & Beer Convention 2016 (Bochum, Germany)
November 2016:
08-10: Brau Beviale 2016 (Nuremberg, Germany)
09-12: Vietfood & Beverage - ProPack 2016 (Hanoi, Vietnam)
December 2016:
15-17: drink technology India 2016 (Mumbai, India)
More events are available on site www.e-malt.com
News Articles
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USA, PA: Number of licensed breweries nearly doubles over the last three years
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The number of licensed breweries in Pennsylvania has nearly doubled over the last three years, Philly Voice reported on February 27.
According to statistics from the Pennsylvania Liquor Control Board, there were 224 active breweries statewide by the end of 2015, up from 114 in 2013 and 159 in 2014.
Leading the way in Pennsylvania's expanding market are an influx of craft beer breweries, including Philadelphia trailblazers Victory, Sly Fox and Yards. In central Pennsylvania, established companies like Founders, Stone Brewing and Troegs have been joined by newcomers Alter Ego, Moo-Duck and Molly Pitcher. Out west, Draai Laag, Roundabout, Hop Farm, Voodoo stand out among an impressive group.
The surge in demand has been so swift that brewers in central Pennsylvania told the Washington Times – as early as 2014 – that it was creating incredible pressures, including longer hours and increased expenses. Two years later, a little more competition has actually been welcome.
The Liquor Control Board says another 16 breweries are in "safekeeping" status pending the completion of facility construction and LCB inspections. On top of that, 18 breweries submitted applications late in 2015 and were awaiting review.
Among those in "safekeeping" status, the Desperate Times Brewery, planned for Carlisle, revealed in documents
...More info on site
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USA, WI: Sand Creek Brewing Co. acquires two other craft breweries
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Two well-established craft brewing companies in Wisconsin have been purchased but not by a macro brewing company looking to expand its portfolio, La Crosse Tribune reported on March 1.
Sand Creek Brewing Co. in Black River Falls, which in 2015 produced 9,990 barrels of beer, has announced that it has acquired Furthermore Brewing Co. of Spring Green and Cross Plains Brewing Co. in Cross Plains. Neither company had its own brewing facility but instead had their beer made on contract by other breweries.
Cross Plains had used Stevens Point Brewery until 2013, when it began using Sand Creek. Furthermore has been brewed at Sand Creek since its inception in 2006.
“Each brewery has its unique take on its style of beers,” Jim Wiesender and Todd Krueger, co-owners of Sand Creek said in a joint statement. “All three breweries together will complement each other’s strengths.
Under the arrangement, finalized in October but announced on March 1, Furthermore and Cross Plains will operate as subsidiaries of Sand Creek Brewing Co. and retain their names and distributor networks “for the time being.” Both Wayne and Larry Esser of Cross Plains Brewing Co. and Aran Madden of Furthermore will continue on as brewery representatives of Sand Creek and
...More info on site
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USA, WA: Figurehead Brewing hopes to open this summer in Seattle
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With hopes of opening this summer—dependent, of course, on the teeth-pulling process that is obtaining permitting and licensing—Figurehead Brewing is in the works near the Fishermen's Terminal in Seattle, Eater reported on March 1.
Figurehead will brew on a relatively small seven-barrel system next to a 30-seat taproom, concentrating on English ales like ordinary, special, and extra special bitters, as well as Belgian-style beers, with the goal of making low alcohol pub-style offerings and concentrating on malts and yeasts as opposed to the hop-forward beers so common in the Northwest these days.
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USA, MA: Gentile Brewing Company launching in Beverly on March 4
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Beverly's newest brewery opens its doors and its taps this Friday, March 4. Gentile Brewing Company is the work of Paul and Christen Gentile, who "believe good beer should be enjoyed and not fussed over", Eater reported on February 29.
The four main Gentile beers are made using traditional English-style brewing processes, and the team plans to experiment with small-batch releases, according to the website.
Gentile will serve a lightly malted blonde ale, which comes with this description: "We don't workout, but if we did, this is the beer we would drink afterward." The brewery will also have an IPA that has light caramel malts to complement the bitter hops, a porter made with roasted barley, and a stout that is "designed to be an easy drinking beer."
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USA, NC: Green Man Brewery invests $5 mln in expansion
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Green Man Brewery has raised the curtain on a $5 million expansion in the brewing district of Asheville’s South Slope, Asheville Citizen-Times reported on March 1.
The space will include tasting rooms on top and bottom floors of the three-story building, with a packaging area in between. Green Man also will install a faster bottling line and will wash and fill kegs there.
The space gets its first use Saturday when it hosts a gala benefit for Open Doors of Asheville, an event to include food from area restaurants, live entertainment and an art auction.
Green Man will officially open for business in the space at 27 Buxton Ave. on St. Patrick's Day, March 17, with a rollicking party to include food trucks and a lineup of the brewery's ales. Visitors to the top floor can enjoy a patio with views of Asheville's McCormick Field baseball park in one direction and Mount Pisgah in another. There is also a view of the packaging area.
The inside top floor space has artist-crafted tables, seats and hanging lamps and room for 400, Green Man owner Dennis Thies said. There's also a shiny bar top with a copper and turquoise patina.
"This is like jumping from high school
...More info on site
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USA, OH: The Old Firehouse Brewery purchases two buildings for expansion
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The Old Firehouse Brewery in Williamsburg recently purchased two buildings next to the brewery with the intention of expanding into both this year, The Clermont Sun reported on February 25.
The brewery, located at 237 W. Main St. purchased the two buildings between the brewery and the corner of Main and Second Street. The sale was finalized on Feb. 5.
The plan is to move a lot of the production side into those buildings. Owners Lori Ward and Adam Cowan plan to build a walk-in and drive-in cooler, which will allow them to double-stack pallets of kegs for the first time. The buildings will give them more storage and freezer space.
Ward hopes to have everything done in the next four to six months. The added space will also allow the brewery to expand the outdoor seating and put grain silos in the back. Nothing in the current taproom will change.
The company currently is using a mobile canning company, but hopes to also put a canning line in the new buildings, which Ward plans to make visible to passerby by putting it in front of a large window.
Old Firehouse Brewery, which opened in September 2014, will begin canning this year. The canning company
...More info on site
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USA, NV: Lovelady Brewing Co. getting ready for opening in Henderson
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Lovelady Brewing Co. hasn't opened its doors yet — let alone its taps — but one downtown Henderson merchant is already buzzing with anticipation, Las Vegas Review-Journal reported on February 26.
"I'm going to be the main taster," joked Flemming Pedersen, owner of Chef Flemming's Bake Shop, which is across the street at 7 S. Water St.
Construction on the 6,000-square-foot brewery at 20 S. Water St. is expected to be completed at the end of this month, and the family-run business hopes to open by March 17 following its inaugural round of beer production.
"If all goes well, we're starting brewing the last week of February, and then we'll open three weeks from then," said co-owner Richard Lovelady.
Lovelady's three brothers, Robert, Jeffrey and Jerry, will be helping to run the business.
The facility, which broke ground in August, is scheduled to include a tap house with large windows overlooking Water Street, as well as outdoor patio seating. Food trucks are set to park near the business on a regular basis, Lovelady said.
He said the initial plan is to get the tap house up and running with six varieties of craft brews: sour ale, hoppy lager, double India pale ale, Belgian red, Belgian apple
...More info on site
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USA, CA: Bear Republic Brewing Co. to open brewpub in Rohnert Park
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Bear Republic Brewing Co. will open a brewpub in Rohnert Park, becoming the latest homegrown beer company to expand in Sonoma County as cities vie for a piece of the fast-growing industry, Santa Rosa Press Democrat reported on March 1.
The new brewpub, at the site of the shuttered Latitude Island Grill, will be in addition to Bear Republic’s original location in Healdsburg and its new production facility in Cloverdale. It is expected to open within a year.
The deal was a result of recruiting by Rohnert Park city officials, who were looking to attract a new tenant to the vacant building. Restaurateur Nino Rabbaa signed a lease in 2012 for a brewhouse at the site just south of Roberts Lake, but he never followed through on those plans.
“An opportunity arose and we decided to move on it,” said Richard G. Norgrove, Bear Republic’s brewmaster and chief operating officer. “The city fathers are really amenable to the process that we are going to go through.”
The announcement comes as Russian River Brewing Co. looks to build a second Sonoma County location in addition to its continually crowded brewpub in downtown Santa Rosa. Local officials across the county have ramped up their lobbying to
...More info on site
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USA, CA & MA & RI: Heretic Brewing Company expands distribution to Massachusetts and Rhode Island
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Heretic Brewing Company, Fairfield, CA is expanding distribution to Massachusetts and Rhode Island with Atlantic Importing of Framingham, MA beginning February 29, 2106, Brewbound.com reported.
“We’re excited to expand our east coast presence and we believe our partnership with the skilled team at Atlantic will bring us both great success,” says owner and founder, Jamil Zainasheff.
Focusing on quality has enabled Heretic Brewing to steadily expand. Since its start in 2011, Heretic Brewing has been quietly expanding their production while garnering medals at the Great American Beer Festival and the World Beer Cup.
Heretic is currently distributed in over 11 countries and 9 states.
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USA, CO & IA: Odell Brewing to start selling its beer in Iowa in April
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Odell Brewing has partnered with Johnson Brothers to bring the Colorado-based brewery’s beers to Iowa. Distribution will include both draft and package available throughout the entire state starting in April, Brewbound.com reported on February 26.
“Iowa’s craft beer market continues to grow with a vast selection of regional and local breweries,” said Corland Egertson, Odell Brewing Regional Sales Manager. “We are excited to introduce our portfolio of beers to this expanding craft market and we think Iowa will be a great addition to our footprint.”
Odell Brewing plans to launch with bottles, cans, and draft. The brewery will bring its flagship, 90 Shilling, along with Odell IPA, Loose Leaf Session Ale, seasonal offerings including St. Lupulin, four packs including Myrcenary Double IPA and Tree Shaker Imperial Peach IPA, as well as limited release Cellar Series offerings starting with The Meddler Oud Bruin Ale. The brewery’s launch in Iowa will mark the 12th state within its distribution footprint and the first in two years.
“Odell Brewing has been one of the most requested and anticipated breweries from our social media fans and followers and we are ecstatic about bringing their award winning beers into Iowa,” said Lyle Stutzman, President of Johnson Brothers of Iowa.
...More info on site
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China: AB InBev agrees to sell SABMiller’s Chinese beer business to China Resources Beer Holdings Co.
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Anheuser-Busch InBev NV said it has agreed to sell SABMiller PLC’s Chinese beer business to China Resources Beer Holdings Co., as the Belgian brewer
...More info on site
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Brazil: Beer production down in February and in January-February this year
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Brazil’s beer output declined by 2.91% in February as compared to the same month last year, a report by Sicobe said on March 1.
A
...More info on site
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The Czech Republic: Beer export hits record figure in 2015
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While Czechs’ beer consumption dropped slightly in recent years producers are not worried. In the past two years, exports have steadily increased, hitting record
...More info on site
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Thailand: ThaiBev reports 22% increase in FY2015 earnings
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Thai Beverage PLC (ThaiBev)’s earnings for FY15 soared 22% YoY to THB26.5 bln, thanks to a THB3.8 bln gain from its parting of ways
...More info on site
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Malaysia: Carlsberg Brewery Malaysia Bhd’s net profit up 18.36% in Q4 2015
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Carlsberg Brewery Malaysia Bhd saw its net profit increase by 18.36% to RM74.48 million for the fourth quarter ended Dec 31, 2015, compared with
...More info on site
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Jamaica: Red Stripe’s earnings jump 35% in the quarter to December 2015
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Red Stripe's earnings jumped 35 per cent above year-earlier levels during the three months to December 2015, The Gleaner reported on March 2.
The report
...More info on site
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Italy: Craft beer sector booming in Italy with 1,000 craft beer establishments registered at the end of last year
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Craft beer consumption in Italy has tripled since 2012, reaching 17.5 million hectolitres in 2014, according to figures published by the Brewers Union (Unionbirrai).
This equals to a per capita consumption of 30 litres per year, compared with a European average of 80 litres. Overall, consumption of craft beers in Italy is now equal to 3 per cent of total beer consumption.
At the end of 2015, there were 1,000 craft beer establishments, including microbreweries, beer firms and brewpubs, compared to 872 in 2014.
Microbreweries (540 are currently registered, of which 494 fully active) are direct production plants, while beer firms (260) are structures that do not have their own factories, but that produce craft beer at third-party plants.
New technologies are also giving a boost to the sector, with business incubator Digital Magics launching WeBeers, an e-commerce platform that enables fans to buy their favourite beers with discounts and 48-hour delivery.
In addition, the service offers tips and advice on how to enjoy the beers proposed on the portal, as well as news from the Italian brewers.
However, high taxes remain the main challenge for the sector. According to the union, from January 2003 to January 2015, excise taxes grew by 117 per cent, one
...More info on site
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India: United Breweries commences supply of beer from Rajasthan brewery acquired in 2014
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United Breweries (UBL) has commenced supply of beer from a brewery in Rajasthan it acquired in 2014, profit.ndtv.com reported on February 27.
In a BSE filing, United Breweries said it has commenced "supplies of beer upon commissioning of the company's brewery located at Shahjahanpur, Rajasthan".
In September 2014, UBL had acquired brewery assets of Pacific Spirits Pvt Ltd for Rs 105 crore.
The deal involved acquisitions of assets such as land, building and plant/equipment of Pacific Spirits with its brewery at Shahjahanpur in Alwar, Rajasthan.
At the time of the deal, UBL had said: "The company will be able to expand its production capacity in Rajasthan to cater to the expected further growth in the market... The company will further invest to make the brewery operational before the coming season. This acquisition will also create additional employment opportunities in the vicinity upon the brewery becoming operational."
Earlier this week, UBL promoter Mallya resigned as chairman of United Spirits.
Mallya's exit from the board of United Spirits ended a long-drawn tussle between him and the majority owner, UK's Diageo, following allegations of irregularities on loans given to UB Group companies.
United Breweries sells its products under the brand name Kingfisher Premium,
...More info on site
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India: United Spirits to continue pursuing recovery of loans worth Rs 1,337 crore from United Breweries Holdings
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Diageo-controlled United Spirits on Feburary 26 said it will continue to pursue recovery of loans worth Rs 1,337 crore from its erstwhile promoter group firm United Breweries Holdings (UB Holdings) through "dialogue or other legal means", dnaindia.com reported.
This move comes a day after embattled liquor baron and United Spirits's chairman Vijay Mallya resigned from the post and Diageo agreeing that Mallya will have no "personal liability" to the UK-based company in relation to the findings of alleged financial irregularities at the company that had triggered an acrimonious fight between them.
"We will continue to pursue all possible routes, dialogues or other legal means, to recover our dues. Through this agreement, it has been decided that the company will not go after Mallya personally but will do it with legal entities," United Spirits (USL) MD and CEO Anand Kripalu told analysts in a conference call.
Diageo on February 26 said that it has "agreed to pay $75 million (nearly Rs 515.48 crore) to Mallya in consideration for his resignation and termination of his appointment and governance rights and his relinquishing of the rights and benefits attached to his position as Chairman and Non-executive Director, among other factors".
When asked about the $75 million (nearly
...More info on site
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UK: Heineken launching tequila-flavoured beer Desperados on draft
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Heineken has announced a new Wild Blueberry and Lime flavour of its Bulmers cider and revealed tequila-flavoured beer Desperados will be available on draft for the first time, The Morning Advertiser reported on March 1.
Desperados is the UK’s fourth biggest packaged lager brand and is targeted at a twenty-something audience.
A new ‘schooner-style’ glass is being introduced to support the launch on draught which, at two thirds the size of a pint, aims to help operators to boost their profit margins. The launch is further supported with branded bar runners and a striking illuminated steel font, which helps create strong standout at the bar.
Andrew Turner, category and trade marketing director at Heineken, said: “With the popularity of flavoured beers continuing to rise alongside consumer demand for a more premium drinking experience, we’re delighted to be launching Desperados on draught.
“With this new format, we are aiming to give our customers the opportunity to provide a wider choice to pub-goers, helping customers to grow their profit margins incrementally. The new font looks great and is certainly going to catch the eye of consumers on entering the bar, so we’re confident that this format will further increase the popularity of Desperados and help
...More info on site
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UK: Molson Coors joins calls to cut beer duty
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Calls to cut beer duty in the UK for a fourth time in a row have been backed by a major UK brewer, Burton Mail reported on March 2.
Bosses at Molson Coors have called on Chancellor George Osborne to slash the beer duty in the budget later this month.
Frederic Landtmeters, managing director UK and Ireland at Molson Coors, told the Mail that he wanted to see another cut take place.
He said: "The beer and pub industry plays a vital role in the UK economy, contributing £22 billion to the UK and supporting almost 900,000 jobs.
"Three successive beer duty cuts have provided our industry with a much-needed boost and we would urge the Government to continue supporting this important UK industry by further reducing beer duty.
"People can show their support for a pint by writing to their local MP and asking them to back beer duty cuts."
The potential cut has the backing of more than 50 MPs who have all signed a motion led by the British Beer and Pub Association (BBPA) to cut the duty once again.
Currently, drinkers in Britain pay 52p in duty per pint in comparison to those in Germany where the duty is only 4p a pint.
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UK: Pub bosses accusing big breweries of failing to pass on lower production costs to consumers
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Bitter pub bosses are accusing big breweries of ripping off beer drinkers by failing to pass on lower production costs.
The bosses hit out as three giant brewers said ale and lager prices would rise, though ingredients and delivery are cheaper, the Sunday People reports.
They say Britain’s major beer firms have cynically put 10p on a pint while also demanding the Chancellor cut beer duty in next month’s Budget.
Meanwhile, the Campaign for Real Ale’s latest figures show an average of 27 pubs shut a week, hit by changes in drinking habits, supermarket competition and the smoking ban.
An open letter to George Osborne from eight pub operators complain of “unjustified” price hikes and say brewers have not passed on previous 1p a pint cuts in duty.
“You will have no doubt spotted the trick here,” it said. “Brewers impose increases every January and then ask the Government to reduce duty in March to mitigate the outcry.
“If they really cared about jobs in the sector – and if they really had any influence over it – they would be holding or reducing prices.
“Worse still, they’re not saving a single pub with their actions. None of the duty cuts are making their way into voters’
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