If you want to see this letter from our site, please follow this link. http://www.e-malt.com/Publications.asp?15688
E-Malt.com NewsLetter
Newsletter Summary

RombBullet Quote of the week
RombBullet Currency rates
RombBullet Brewers equities
RombBullet Industry news
RombBullet Graph of the week
RombBullet Table of the week
RombBullet Prices evolution
RombBullet Barley prices
RombBullet Theoretical malt prices
RombBullet Scientific digest
RombBullet Business history
RombBullet Agenda
RombBullet News articles

Jump  to http://www.firstkey.com

Last five graphs

Note: All graphs issued with e-malt.com newsletters are published in "Graph" section of e-malt.com site.

Last five tables

All e-malt.com tables are published in e-malt.com Statistics section. The Statistics section includes Barley statistics, Malt statistics and Beer statistics. The tables related to barley are published in Barley Statistics section, the tables related to malt in Malt Statistics section and the tables related to beer in Beer Statistics section.

Last five prices evolutions

Access to E-malt.com

Do you know

Dear E-malt Reader!

E-malt.com Newsletters Archive could be found directly on e-malt.com site. Browsing through our Newsletters Archive you may see all the issues you have missed. To this purpose you just have to login e-malt.com and click on Newsletters link in the menu. Reading our Newsletters you will be kept informed with the latest news and events regarding malting and beer world. You may also submit your own news, events or other information to the address info@e-malt.com!

You may find updated malt, barley and beer statistics on e-malt.com Statistics section. Just enter e-malt.com! Here you will find all tables issued with e-malt.com newsletters.

E-malt.com Agenda gives the possibility to keep you informed about the Events planned to be held in the whole world related to the brewing and malting industries. To this purpose you just have to login e-malt.com and click on Agenda link in the menu. Reading our Event Agenda you will find out about the future symposia, conferences and festivals related to malting and beer world. You may also submit your own events to the address info@e-malt.com

E-malt.com has Trading Online system. The system is to be used for malt/barley trading. One can register a malt/barley offer or a malt/barley request. The registering person could be as a seller/buyer or as an agent for seller/buyer. The User can see information about all active malt/barley offers & requests. If needed the system allows user to buy/sell malt/barley due to reasonable offers/requests. The way to do this is to confirm reasonable transaction. Trading Online rules are available through the Internet in the Trading Online as well as Tutorial (useful for persons who starts the system usage). To visit the E-malt Trading Online first go to the E-malt.com site, then click Trading Online link in the left menu of the e-malt.com home page. For more details please contact info@e-malt.com

Thank You!

E-malt.com Links!


If you have any comments, questions, suggestions or remarks, you can send a mail to: info@e-malt.com. To submit your own news to our editorial team, email to: info@e-malt.com

If you have received this newsletter from a colleague, you can obtain your own subscription here! You are not registered yet? You may register here.

You may recommend our site to your friend by clicking here.

If you do not wish to receive our newsletter, please unsubscribe your e-mail address from our mailing list by sending us an e-mail info@e-malt.com. Please take into consideration your registration data.

from our mailing list.

Please take into consideration your registration data.

E-Malt.com Newsletter 44a
October 28 - October 30, 2019

Quote of the Week

I don't dream at night, I dream all day; I dream for a living.
Steven Spielberg

             You are one of the 54,000 professionals of the brewing and malting industries from 195 countries receiving our free bi-weekly E-malt Newsletters published since 2001. You seem to be pleased by getting them as we have registered something like 3 mln readings.
             To keep the high level of this informative reservoir in both brewing and malting industries and in order to continue to improve it we have to request a small contribution for full access to E-malt.com information.
             The majority of our readers have responded positively thus giving us the possibility to keep developing this global informative reference.
             A one-year membership costs only 181,- Euros and gives you full access to both our Full Bi-weekly Newsletter and website www.e-malt.com.

             You can pay by credit/debit card or bank transfer (against invoice). Ordering is simple, use our online secure ordering system: click hereunder to begin - you can have access in just 5 minutes!

One-year individual subscription: 181, - Euros
Two-year individual subscription: 320, - Euros
Save money when your colleagues join:

One-year group subscription for 2-5 members: 373, - Euros
One-year group subscription for 6-10 members: 555, - Euros
One-year group subscription for 11-20 members: 737, - Euros
One-year group subscription for 21-50 members: 983, - Euros
One-year group subscription for 51-100 members: 1229, - Euros

For a personal service contact our Membership staff :
Email : info@e-malt.com
Direct line : +32 (0)87 681381; Fax : +32 (0)87 352234
If calling, please note our office hours are 9am - 5pm (Belgium time)

Currency Rates

Base Currency: US Dollar
on October 30, 2019
Base Currency: Canadian Dollar
on October 30, 2019
      1 USD = 0.9009 EUR
1 USD = 0.7777 GBP
1 USD = 1.3067 CAD
1 USD = 1.4587 AUD
1 USD = 108.9200 JPY
1 USD = 3.9920 BRL
1 USD = 63.8340 RUB
1 USD = 7.0594 CNY
      1 CAD = 0.7652 USD
1 CAD = 0.5951 GBP
1 CAD = 0.6894 EUR
1 CAD = 1.1161 AUD
1 CAD = 83.3400 JPY
1 CAD = 3.0545 BRL
1 CAD = 48.8430 RUB
1 CAD = 5.4016 CNY

Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Brewery news USA: Boston Beer reports higher revenue for Q3 2019 ...Click here
Brewery news USA, MA: Distraction Brewing Company now in business in Roslindale ...Click here
Brewery news USA, CA: Yurok Tribe announces purchase of Mad River Brewing ...Click here
Brewery news Canada, NL: Iron Rock Brewing becomes Labrador’s first brewery ...Click here
Brewery news USA & Canada: Molson Coors to cut jobs, simplify segments and add more products beyond beer to boost revenue ...Click here
Brewery news USA, IN: West Hill Brewing Company to hold grand opening on November 2 ...Click here
Brewery news USA, WA: SAAL Brewing Co. opens in Stanwood ...Click here
Brewery news USA, WA: Lumberbeard Brewing hopes to open in Spokane before Thanksgiving ...Click here
Brewery news USA, FL: Ology Brewing opens its doors in Tallahassee ...Click here
Brewery news USA, MN: Bricksworth Brewing getting ready to open in Burnsville ...Click here
Brewery news USA, CA: Bear Republic Brewing Co.’s Healdsburg brewpub slated to close next month ...Click here
Brewery news USA, MA: Battle Road Brewing Co. announces permanent closure ...Click here
World News
Brewery news World: Beer exports total $15.8 bln for 2018 ...Click here
Brewery news World: Carlsberg revises upward annual profit outlook ...Click here
Brewery news China: Tsingtao Brewery posts 23.2% net profit growth for January-September this year ...Click here
Brewery news Vietnam: Sabeco reaped $3.87 mln in revenue a day in January-September ...Click here
Brewery news Nigeria: Brewers groaning under excise duty burden ...Click here
Brewery news Kenya: Kenya losing billions in potential taxes to cross-border beer smuggling from Uganda ...Click here
Brewery news The Philippines: Increasing excises on alcohol expected to reduce consumption by 20% - research ...Click here
Graph of the Week

Table of the Week

The 40 Largest Breweries Worldwide 2018

Table of the week.

Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

Scientific Digest


To compare the energy consumption of hop drying is part of a holistic sustainability review of hop production. This US team looked into the general sustainability challenges in beer production including hops production. Sustainability is often thought of solely in context of the environment, but it is recognized to encompass the integration of economic development, social development, and environmental protection, which are referred to as the three pillars of sustainability. If we look at it from an environmental perspective the method of LCA (life cycle analysis) is often used, which means to look at the different parts/ingredients from "cradle to grave". The brewery in general is a large consumer of water and energy. Published figures are 8-12 kWH, 5hl of water 150 MJ of fuel energy to produce 1 hl of beer plus 13.6 kg of spent grain and 4 kg of spent yeast produced. Speaking in Carbon foot print a published study indicates that packaging accounts for 40%, and raw materials for 22% (mainly barley). Although the impact of hops was found to be small in this review, the quantity of hops required for brewing hop forward beers is much higher. A beer with 110 g of hops/hl of beer can equal 0.2% of the total carbon footprint. A tenfold usage of hops of 1.1kg/hl beer would mean 2% of the total carbon footprint. Parameters for hops production are machinery, irrigation, fertilization, soil emissions and pesticides usage and kilning. Overall estimates of emissions equivalents ranged from ~3.5 to 5.5 kg of CO2e per kilogram of hops in all cases, estimates were substantially higher than literature values for the production of malt on a kilogram per kilogram basis, which were reported by TCC as 0.91 kg of CO2e per kilogram. Meanwhile the hop industry is providing sustainability reports.


Dean G. Hauser et al: An Overview of Sustainability Challenges in Beer Production, and the Carbon Footprint of Hops Production, MBAA TQ vol. 56, no. 4, 2019, pp. 00-00

Source: Barth Innovations

These Days in Business History

28 October
1904 - St Louis police try a new investigation method - the fingerprints
1954 - Nobel prize for literature awarded to Ernest Hemingway
1986 - International Red Cross ousted from South Africa

29 October
1929 - The New York Stock Exchange crashes in what will be called the Crash of '29 or "Black Tuesday", ending the Great Bull Market of the 1920s and beginning the Great Depression
1947 - Belgium, Luxembourg and Netherland form Benelux Union
1952 - Sweden begins experimental TV
2008 - Delta Air Lines merges with Northwest Airlines, creating the world's largest airline and reducing the number of US legacy carriers to five

30 October
1894 - Daniel Cooper patents time clock
1987 - August A Busch III becomes CEO of St Louis Cards
1989 - Mitsubishi Estate Co. agrees to pay $846 million for 51% of Rockefeller Center in New York City; by 1996, the Mitsubishi affiliate is so financially troubled that it sells Rockefeller Center for less than $400 million


October 2019:
29 - 13 November: World Beer Cup 2020 (USA)

November 2019:
12 - 14: Brau Beviale 2019 (Nuremberg, Germany)
27 - 29: Drink Japan 2019 (Makuhari Messe, Japan)

December 2019:
05 - 07: Drink Technology India 2019 (New Delhi, India)

January 2020:
31 - 01 February: Braukunst Live! 2020 (Munich, Germany)

February 2020:
04 - 08: Great British Beer Festival Winter 2020 (Norwich, UK)
07 - 10: HoReCa 2020 (Athens, Greece)
07 - 09: Finest Spirits 2020 (Munich, Germany)
15 - 18: Beer Attraction 2020 (Rimini, Italy)
24 - 26: Beviale Moscow 2020 (Moscow, Russia)

March 2020:
09 - 11: 107th Brewing and Engineering Congress 2020 (Rust, Germany)
11 - 12: BeerX 2020 (Liverpool, UK)

April 2020:
19 - 22: Craft Brewers Conference & BrewExpo America 2020 (San Antonio, Texas, USA)
25 - 26: Zythos Beer Festival 2020 (Leuven, Belgium)

May 2020:
05 - 07: International Beer Strategies Conference 2020 (Munich, Germany)
13 - 15: Craft Beer China 2020 (Shanghai, China)
19 - 21: Beer 2020 (Sochi, Russia)
21 - 24: Mondial de la Biere 2020 (Montreal, Canada)

June 2020:
03 - 04: The Brewers of Europe Forum 2020 (Antwerp, Belgium)

August 2020:
07 - 08: Beervana 2020 (Wellington, New Zealand)

More events are available on site e-malt.com

News Articles

Brewery news USA: Boston Beer reports higher revenue for Q3 2019
The Boston Beer Company, Inc. completed the previously reported Dogfish Head Brewery transaction and began consolidating the Dogfish Head financial results on July 3, 2019.

The combined company reported third quarter 2019 net revenue of $378.5 million, an increase of $71.6 million or 23.3% from the third quarter of 2018, mainly due to an increase in shipments of 19.1%.

Net income for the third quarter was $44.7 million, or $3.65 per diluted share, an increase of $6.7 million or $0.44 per diluted share from the third quarter of 2018. This increase was primarily due to increased revenue, partially offset by lower gross margins, increases in advertising, promotional and selling expenses, and the non-recurrence of a $0.38 per diluted share favorable one-time impact related to a tax accounting method change in the third quarter of the prior year.

Earnings per diluted share for the 39-week period ended September 28, 2019 were $8.07, an increase of $2.11 from the comparable 39-week period in 2018. Net revenue for the 39-week period ended September 28, 2019 was $948.5 million, an increase of $178.1 million, or 23.1%, from the comparable 39-week period in 2018.

In the third quarter, Dogfish Head operating income of $6.9 ...More info on site

Brewery news USA, MA: Distraction Brewing Company now in business in Roslindale
Nearly two years since the residents of Roslindale learned they would get a brewery to call their very own, Distraction Brewing Company is now in business. The taproom quietly opened Saturday, Oct. 19, with a quartet of house-brewed beers, and is now open Thursday-Sunday every week, bostonmagazine.com reports.

Distraction Brewing Co., a startup by a trio of dads from Roslindale and West Roxbury, flipped the “open” sign at 11 a.m. on Saturday, October 19, alerting Facebook followers to the news during Roslindale Open Studios weekend. Thirsty neighbors kept the place busy on Saturday and Sunday; Distraction hit its 66-person capacity a few times throughout the weekend, which forced a short line to form outside the entrance along Belgrade Ave. Cofounder Patrick French says his team is working with the city to potentially increase the taproom capacity to just over 80 people in the near future.

The 1,600-square foot, family-friendly taproom has several tables and chairs, running the length of the triangular space along a hand-built wooden bench. A standing drink rail overlooks the 10-barrel brewing system, and there is an additional standing area around a weight-bearing pole near the back of the taproom. Guests order beers from a standing bar up front, ...More info on site

Brewery news USA, CA: Yurok Tribe announces purchase of Mad River Brewing
Northern California’s Yurok Tribe announced a deal last week to purchase the Mad River Brewing company in Humboldt County, the Jefferson Public Radio reported.

The sale of the 30-year-old brewery to the Yurok Agricultural Corporation was unexpected, according to Mad River Brewery CEO Richard Hanger.

“Frankly, we were looking for new investors so that we could modernize some of our plant and be more competitive and it just kind of evolved into a sale that wasn’t anticipated,” Hanger said.

As the craft beer industry has grown, competition caused Mad River to lose market share, but the new ownership will provide capital to expand in California, according to Hanger. The negotiations took just two months and no changes are planned for the brewery.

“Mad River was looking for a different marketing and sales strategy,” said Linda Cooley, deputy director for the Yurok Economic Corporation, “They took note of the growth of the Yurok Tribe.”

According to Cooley, despite the stigma associated with alcoholism in native communities, the brewery and taproom are not on the Yurok Reservation and the business won’t be targeting any particular group.

“I know as a tribe we do a lot with healing and sobriety and we’ll continue to do that and this will ...More info on site

Brewery news Canada, NL: Iron Rock Brewing becomes Labrador’s first brewery
The first brewery in Labrador has announced that it is now open for business, the Canadian Beer News reported on October 21.

Iron Rock Brewing has been founded by brothers Brian and Dave Hurley, and is located in Labrador City, a town on the western edge of Labrador near the border with Quebec.

Named in recognition of the iron ore mines that are the primary industry of the area, Iron Rock opened this past weekend with five beers on tap including Lawn Sweeper Cream Ale (5.7% abv, 15 IBU), Shabogamo Sour Berliner Weisse (4.3% ABV, 0 IBU), Spike Maul IPA (6.9% abv, 40 IBU), Railbender Red Ale (5.5% abv, 20 IBU), and Overburden Oat Stout (4.9% abv, 32 IBU). Sales are currently limited to glasses at the bar, with growler sales planned to be launched soon.

Iron Rock Brewing is located at 118 Humphrey Road in Labrador City.

Brewery news USA & Canada: Molson Coors to cut jobs, simplify segments and add more products beyond beer to boost revenue
Molson Coors Brewing Co said on October 30 it would cut jobs, simplify business segments and add more products beyond beers as the new Chief Executive Officer Gavin Hattersley looks to boost revenue.

The company, which had about 17,750 employees at the end of 2018, plans to save about $150 million in cost and expects to cut 400-500 jobs in its U.S., Canada and international segments.

This is part of its plan to bring down its business units to one each in North America and Europe from four globally. It will also shut its Denver office and make Chicago its North American operational base.

The brewer said it would incur charges between $120 million and $180 million, which will be spread out through the rest of the financial year and until fiscal 2021.

“Organizational changes, further cost-cutting are appropriate, though the magnitude of cost saves is likely to underwhelm,” Jefferies analyst Kevin Grundy said.

Shares of the company, which missed Wall Street estimates for quarterly revenue and profit, fell as much as 5%. Molson Coors has posted sales decline in six of the last seven quarters.

The shift to other products comes at a time when demand for traditional beer has been slowing globally.

Last week, the ...More info on site

Brewery news USA, IN: West Hill Brewing Company to hold grand opening on November 2
Doug Gaumer blames his uncle for the decision to open a brewery in Indianola, DesMoinesRegister.com reported on October 21.

Gaumer has been working in his uncle’s pub in Liberty, Indiana, for the past four years. He said the experience prepared him to open his own operation.

The newly-minted third-generation Indianola business owner has been homebrewing for 14 years, ever since his wife and co-owner, Heather, bought him a kit for Christmas. That sparked a lifelong love that has fermented into Warren County's first taproom.

West Hill Brewing Company, named after a mound on Gaumer’s property, will hold its grand opening Nov. 2 just off the Indianola town square.

The brewery will have seven beers ready to serve, along with a cider option from Sacrilegious Ciderworks in Glenwood.

The taproom has more than 80 seats and a capacity of 157 people. Gaumer said he’s considering adding live music in the future, as well as bringing different food trucks to park outside the building.

Gaumer and co-brewer Drew Peeler operate on a two-barrel system with seven fermenters. They plan to change beer offerings regularly while keeping a few favorites always on tap.

The smaller size sets the brewery apart from its Des Moines competitors, Gaumer said.

“I think in Des ...More info on site

Brewery news USA, WA: SAAL Brewing Co. opens in Stanwood
One of Snohomish County’s most experienced brewers has opened Stanwood’s first brewery in the city’s historic fire station, The Daily Herald reported on October 25.

Matt Stromberg, co-owner of SAAL Brewing Co., made beer at McMenamins and Scuttlebutt Brewing for more than two decades. Now he has his own new taproom and restaurant in Stanwood, which he runs with partner Kristine Birkenkopf. SAAL, pronounced “sail,” is an acronym that stands for Stanwood Artisan Ales & Lager.

The brewery, which will be housed in an adjacent garage, is not yet operational. But the taproom offers a dozen beers from independent local breweries, and the food menu includes burgers, wraps, sandwiches and salads. Stromberg said he plans to get the brewery up and running in 2020.

Stromberg will be running the brewery, while Birkenkopf is in charge of the taproom and restaurant.

“What you see in the taproom and kitchen is a reflection of Kristine’s creative vision,” he said.

After 18 years at Scuttlebutt, Stromberg left the Everett brewery last year. He said he was doing more administrative work than beer-brewing, and he wanted to get back to doing what he loves best.

He reconnected with Birkenkopf, an old friend from Seattle, and together they looked for a ...More info on site

Brewery news USA, WA: Lumberbeard Brewing hopes to open in Spokane before Thanksgiving
Being welcomed and cared for seem to be two things people want to feel throughout their life. Well that search is over as Lumberbeard Brewing makes its way to Spokane soon, KXLY Spokane reported on October 24.

According to its website, Lumberbeard Brewing is committed to making amazing beer while striving to create a community where everyone feels welcomed, cared for, and can find a beer that they love.

President and Head Brewer, Bret Gordon, fell in love with the craft of brewing beer and wanted to be a professional brewer some day.

However, after earning a degree in economics from the University of Colorado and pursuing a career in finance, Bret knew sitting at a desk all day was not for him.

His passion for beer led him back to school to earn a Professional Brewing Certificate at the University of San Diego.

Gordon and his family moved to Spokane to open his own brewery after working as a professional brewer for several years.

"The beer scene in Spokane is definitely up and coming," said Gordon.

Lumberbeard Brewing was founded in 2018 and was named after Gordon's Instagram handle when he was 19 years-old, Lumberbeard.

Fitting the Spokane aesthetic, Lumberbeard Brewing hopes to open before ...More info on site

Brewery news USA, FL: Ology Brewing opens its doors in Tallahassee
The smile on the face of Ology Brewing co-owner Nick Walker just kept getting wider and wider with every glass of beer he saw poured on Monday, October 21. And with good reason, Tallahassee.coom reported on October 24.

Seeing patrons in Ology Power Mill — Ology Brewing Company's new tasting room at its second location — was a historic moment for Walker and for Tallahassee's craft beer scene.

"It feels good, man," said Walker, as he looked around at the 50 or so people who came out for the sneak preview opening. "We've been working non-stop to make this happen."

"We needed to expand our brewing capacity, which is the main reason we're here," said co-owner Max Arndt. "And we had a little bit of extra space, so we decided to add a tap room as well. So now we'll be serving the east side of town here, and frankly anyone who wants to come."

Arndt said the new tasting room at 2708 Power Mill Court, not far from Capital Circle and Park Avenue, will feature a handful of Ology's most popular taps, plus one dedicated to kombucha and another for cold brew coffee — eight taps in all.

The Power Mill facility will also ...More info on site

Brewery news USA, MN: Bricksworth Brewing getting ready to open in Burnsville
Burnsville is getting a new brew pub from Cooper Johnson, the son of St. Paul’s BlackStack Brewing owners Scott Johnson and Shawne Murphy-Johnson, TwinCities.com reported on October 22.

Bricksworth Brewing will be located in a business park adjacent to the Burnsville Transit Center and just up the street from the suburb’s Heart of the City development.

Cooper Johnson, who has been head of operations at the St. Paul brewery since its 2017 opening, said he has lots of family in the south metro suburb who were pining for more locally brewed beer. It’s not just his family who would like to drink beer closer to home, either.

“If you work behind the bar at BlackStack on a weekend, every other patron is from Burnsville, Eagan, Apple Valley,” Johnson said.

The brew pub will brew its own beer, of course, everything from IPAs, which BlackStack is known for, to lighter and barrel-aged beers. Since it’s a brew pub, which means they can’t distribute outside the taproom, they’ll also have guest taps and a full bar, including a cocktail program from Matt Theison, who works for BlackStack and has worked in the past with Bittercube and other companies.

A lunch and dinner menu will focus on Detroit-style ...More info on site

Brewery news USA, CA: Bear Republic Brewing Co.’s Healdsburg brewpub slated to close next month
Bear Republic Brewing Co.’s flagship brewpub and restaurant in downtown Healdsburg is slated to close next month after nearly a quarter century, a move the family who own the Sonoma County brewery said they were driven to make because of the rising costs of doing business in a tourist-destination city during a business slowdown, the North Bay Business Journal reported on October 21.

Bear Republic will continue running its Rohnert Park brewpub and Cloverdale production facility. Founded by a father-and-son team in 1995, the brewing company makes the strong, signature Racer 5 India pale ale and is considered among Sonoma County’s pioneering craft beer makers.

With the closure, Healdsburg will lose 36 jobs as well as a mainstay watering hole and family-friendly affordable restaurant, something many local residents say is increasingly scarce in a city that caters to a rarefied visitor clientele.

“There was no way we would like to leave — this is a home base,” Bear Republic founder Richard Norgrove Sr. said. “There are people who have come from all over the world to Bear Republic. Some of our employees have been here 16, 17 years.”

Norgrove Sr. said his family reluctantly chose to close the pub because the building needed significant ...More info on site

Brewery news USA, MA: Battle Road Brewing Co. announces permanent closure
Maynard craft beermaker Battle Road Brewing Co. has permanently closed, according to the business’ Facebook page.

The brewery was formed in 2012 and opened its 15-barrel brewery in Maynard in 2017. The brew house featured food and musical entertainment in addition to house-brewed beer. The location is now listed as permanently closed on the company’s Facebook page.

The company at one time had planned to open a brewery and taproom facility at Patriot Place in Foxborough. The lease on that location was taken over by Worcester-based Wormtown Brewery in April with plans to open it this fall.

Brewery newsWorld: Beer exports total $15.8 bln for 2018
International sales from beer exports by country totaled US$15.8 billion for 2018. That dollar amount reflects a 15.7% appreciation for all beer shippers over ...More info on site

Brewery newsWorld: Carlsberg revises upward annual profit outlook
Danish brewer Carlsberg revised upwards its annual profit growth outlook on October 28, saying it now expects organic operating profit to rise by around ...More info on site

Brewery newsChina: Tsingtao Brewery posts 23.2% net profit growth for January-September this year
Tsingtao Brewery Co., Ltd., China's major brewery and producer of Tsingtao Beer, posted a 23.2 percent annual net profit growth in the first three ...More info on site

Brewery newsVietnam: Sabeco reaped $3.87 mln in revenue a day in January-September
Vietnam's biggest brewer Sabeco reaped VND90 billion ($3.87 million) in revenue a day in January-September, a double-digit rise, VnExpress International reported on October 26.

In ...More info on site

Brewery news Nigeria: Brewers groaning under excise duty burden
With competition from cheaper brands and sachet alcoholic drinks, brewing firms in Nigeria are groaning under the burden of excise duty as they struggle to manage costs that would have hitherto been passed to consumers, The Guardian reported on October 30.

Already, consumer purchasing power has continued to drop with preference for cheaper commodities taking centre stage in many of such purchases.

The Federal Government had introduced a new excise regime on 4 June 2018 to address shortfalls in revenue and this new regime led to an increase of at least N30 per litre of alcohol consumed in the country.

Another increase to N35 per litre was slated for implementation earlier in June.

Based on the financial results obtained by The Guardian, excise duty expense for the third quarter ended September 30, 2019 by Nigerian Breweries showed that the company paid N24.24 billion in excise duty compared to N16.93 billion in 2018 even when revenue for the two periods remained almost the same.

International Breweries had paid N1.53 bln as at September 2018; Champion Breweries N311.3 mln as at December 2018, while Guinness Nigeria Plc that controls the second largest market share did not reveal how much it paid, even though industry sources put its ...More info on site

Brewery news Kenya: Kenya losing billions in potential taxes to cross-border beer smuggling from Uganda
Kenya is losing billions of shillings in potential taxes to cross-border smuggling of beer from Uganda due to a huge difference in rates, nation.co.ke reported on October 26.

Beer on the Ugandan side of the Busia border costs half what it goes for on the Kenyan side, a situation that has proven uncompetitive for bars and restaurants on the border towns, driving down sales and taxes.

Some bar owners have also resorted to smuggling the commodity through the porous border to sell at the same rate they are sold in Uganda to win customers and stay afloat.

A half-litre beer bottle in Kenya, which sells at an average of Sh200, is sold at Sh80 in Uganda. Bars on the Kenyan side that smuggle Ugandan brands sell them at about Sh100 between Busia and Malaba.

A multi-agency team drawn from the Kenya Revenue Authority, the Anti-Counterfeit Agency and the Kenya Association of Manufacturers were told during a conference on illicit trade in Busia that the rising incidence of smuggling of alcohol from Uganda would be hard to deal with due to tax rate differences.

KRA regional surveillance officer Vincent Kimosop said traders are keen on good margins, forcing them to change tack.

“Because there is no harmony ...More info on site

Brewery news The Philippines: Increasing excises on alcohol expected to reduce consumption by 20% - research
Increasing the excise tax on alcohol products is expected to reduce consumption by as much as 20% in four years with possibly life-saving consequences, “save lives,” BusinessWorld Online reported on October 29 citing a Philippine public health consultancy.

According to a simulation conducted by Alliance for Improving Health Outcomes (AIHO), the joint proposal of the nation’s finance and health departments to increase the excise tax on alcohol products will likely reduce consumption of spirits by 18.3%, beer by 20.5% and wine by 4.68% after a four years of implementation.

The study evaluated the Department of Health-Department of Finance’s (DoH-DoF) proposals in Senate Bill No. 383, which imposes higher specific taxes on alcohol products and a 10% annual indexation rate.

The DoH-DoF tax structure will “result in a greater reduction of consumption across all alcohol types” compared with House Bill No. 1026, which was passed on third and final reading in the House, due to “deterrent effects of higher prices brought about by higher taxes,” it said.

Both proposals are projected to “save lives” after four years of implementation but the DoF-DoH’s will save 57,020 lives, compared with 22,152 for the House version.

“In both simulations, the tax intervention will result in more lives saved for ...More info on site

Copyright © E-Malt s.a. 2018