|
Newsletter Summary
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
E-malt.com?
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!
|
E-Malt.com Newsletter 08b
February 25 - February 28, 2021
Quote of the Week
It's hard to beat a person who never gives up.
Babe Ruth
|
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!
CLICK HEREUNDER TO SUBSCRIBE
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 February 26, 2021 |
Base Currency: Canadian Dollar
on February 26, 2021 |
| |
1 USD = 0.8200 EUR
1 USD = 0.7085 GBP
1 USD = 1.2523 CAD
1 USD = 1.2576 AUD
1 USD = 106.1000 JPY
1 USD = 5.4483 BRL
1 USD = 73.8967 RUB
1 USD = 6.4516 CNY
|
|
1 CAD = 0.7985 USD
1 CAD = 0.5657 GBP
1 CAD = 0.6548 EUR
1 CAD = 1.0041 AUD
1 CAD = 84.7200 JPY
1 CAD = 4.3502 BRL
1 CAD = 59.0025 RUB
1 CAD = 5.1512 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
Canada: Foreign interest fuels Canada barley prices spike
...Click here
|
USA, PA: 633 Brewing to open to the public on February 27
...Click here
|
|
USA: January domestic tax paid beer shipments up 2.4%
...Click here
|
|
USA, MI: Dirty Thumb Brewing Company to open in Port Huron after getting state and federal approval
...Click here
|
|
USA, NY: DisBatch Brewing Company coming to Macedon this year
...Click here
|
|
USA, NC: Hoptown Brewing Co. to open its doors in Mooresville after St. Patrick’s Day
...Click here
|
|
USA, NC: Oak Island’s first brewpub Solar Brewing Co. eyeing summer opening
...Click here
|
|
USA, MO: Good News Brewing Co. to open its third location in Augusta potentially in April
...Click here
|
USA, MA: Tree House Brewing Co. requests permission to build a farmer-distillery on its Charlton property
...Click here
|
|
USA: Brewers Association releases its 2021 Beer Style Guidelines
...Click here
|
|
USA: Constellation Brands appoints executive vice president and managing director of its beer division
...Click here
|
World: Malt business hardly started for 2020 due to uncertain future prospects
...Click here
|
|
World: AB InBev reports smaller hit to 2020 sales than expected
...Click here
|
|
World: Online beer ordering likely to stay after coronavirus restrictions ease – AB InBev CEO
...Click here
|
|
China: China still open for substantial malting barley imports - analysts
...Click here
|
|
EU: Chinese demand breaks traditional supplies of malting barley to Belgium, the Netherlands, and Germany
...Click here
|
|
New Zealand: Total volume of beer available for consumption drops 1.7% in 2020
...Click here
|
|
Brazil: Heineken, Coca-Cola Femsa reach distribution deal in Brazil
...Click here
|
|
Ukraine: AB InBev Efes Ukraine reports net loss of UAH493.04 mln in 2020
...Click here
|
|
South Africa: South African alcohol industry gravely concerned by excise tax increase
...Click here
|
|
UK: Conservative MPs calling for a reduction in the tax paid on beer
...Click here
|
|
Tanzania: Serengeti Breweries introduces Guinness Smooth
...Click here
|
Graph of the Week
Table of the Week
Spain Beer Production 2018 - 2020
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
25 February
1791 - 1st Bank of U.S. chartered
1837 - 1st U.S. electric printing press patented by Thomas Davenport
1862 - Paper currency introduced in U.S. by President Abraham Lincoln
26 February
1848 - 2nd French Republic proclaimed
1907 - Royal Oil and Shell merge to form British Petroleum (BP)
1993 - World Trade Center bombing
1995 - Barings Bank, one of the oldest and most distinguished investment banks in the world, declares bankruptcy
27 February
1557 - 1st Russian Embassy opens in London, Russia and U.S. sign trade agreement
1990 - Exxon Corp and Exxon Shipping are indicted on 5 criminal counts
1998 - Apple discontinues developing Newton computer
28 February
1956 - Forrester issued a patent for computer core memory
1982 - American Telephone and Telegraph Co. looses record $7 BILLION for fiscal year ending on this day
1986 - European Economic Community sign "Special Act" for Europe free trade
Agenda
March 2021:
16 - 18: Beviale Moscow 2021 (Moscow, Russia)
16 - 16: Beviale Mexico 2021 (Online)
23 - 23: Beviale Mexico 2021 (Online)
30 - 30: Beviale Mexico 2021 (Online)
April 2021:
12 - 14: Beer & Food Attraction 2021 (Rimini, Italy)
16 - 18: Cerveza Mexico Expo 2021 (Mexico City, Mexico)
16 - 18: Barcelona Beer Festival 2021 (Barcelona, Spain)
20 - 20: EBC Symposium 2021 (Online)
30 - 02 May: Finest Spirits 2021 (Munich, Germany)
May 2021:
12 - 14: Craft Beer China 2021 (Shanghai, China)
17 - 23: Budapest Beer Week 2021 (Budapest, Hungary)
18 - 20: Beer 2021 (Sochi, Russia)
27 - 29: Copenhagen Beer Festival 2021 (Copenhagen, Denmark)
27 - 30: Wiener Bierfest 2021 (Vienna, Austria)
June 2021:
08 - 09: Bev Expo 2021 (Manchester, UK)
13 - 15: Bangkok Brewing Conference 2021 (Bangkok, Thailand)
15 - 17: Brasil Brau 2021 (Sao Paulo, Brazil)
July 2021:
01 - 03: Helsinki Beer Festival 2021 (Helsinki, Finland)
13 - 15: Fdt Africa 2021 (Midrand, South Africa)
August 2021:
06 - 07: Tallinn Craft Beer Weekend 2021 (Tallinn, Estonia)
12 - 14: VIETFOOD & BEVERAGE - VIETNAM 2021 (Ho Chi Minh City, Vietnam)
September 2021:
09 - 12: Craft Brewers Conference & BrewExpo America 2021 (Denver, Colorado, USA)
16 - 18: Zurich Bier Festival 2021 (Zurich, Switzerland)
18 - 03 October: Oktoberfest 2021 (Munich, Germany)
22 - 24: Beer and Soft Drinks Industry 2021 (Kyiv, Ukraine)
October 2021:
04 - 08: Drinktec 2021 (Messe München, Munich, Germany)
07 - 10: Mondial de la Biere 2021 (Montreal, Canada)
13 - 15: Drink Japan 2021 (Makuhari Messe, Japan)
17 - 20: 14th International Trends in Brewing 'Beer & Society' 2021 (Leuven, Belgium)
November 2021:
04 - 05: Sea Brew 2021 (Taipei, Taiwan)
December 2021:
07 - 08: Brewers Congress 2021 (The Brewery, 52 Chiswell Street, London, UK)
February 2022:
11 - 14: HoReCa 2022 (Athens, Greece)
News Articles
|
Canada: Foreign interest fuels Canada barley prices spike
|
A load of golden ripe barley is nearly as pricey as the precious metal itself, Globalnews.ca reported on February 24.
“This is the highest I’ve seen it in my whole farming career,” Sean Stanford, a grain farmer and director with Alberta Barley, said.
Southern Alberta is prime barley-growing territory and the energy-rich kernel has become a hot commodity.
Stanford said time last year, a bushel of barley was selling for C$4.80. Now, its bringing C$6.50 a bushel.
He said the spike in price is being driven by foreign interest.
“There is a high demand from China. Mostly because they are recovering from the African swine fever that hit China pretty hard over the last couple of years. So they are in recovery mode now replenishing their stocks of animals and (those animals) have taken up a ton of feed.”
He said that paired with ongoing trade disputes between China and Australia — another country that imports high levels of grain — has Canada well positioned to sell all types of feed grains for top dollar.
“The price of corn is up so that shorts the other crops so the price of feed wheat is also quite high in the area right now, it’s over C$8 a bushel
...More info on site
|
|
USA, PA: 633 Brewing to open to the public on February 27
|
633 Brewing will be opening to the public on Saturday, Feb. 27 from 4-9 p.m. after 16 months of preparation and renovations, the Waynesboro Record Herald reported on February 24.
Located at 118 Walnut St. in Waynesboro, next to Montezuma’s restaurant, the craft beer establishment owned by Kevin Barrick and Heather Weeks will be serving up some original craft brews.
“We will have on draft an American ale, a brown ale, a hazy IPA and a Costa Rican cold coffee stout made from Brio Coffeehouse coffee,” Barrick said. “We are breaking in a lot of new equipment, and I’m really pleased with the four we are looking to put out there.”
The interior offers seating, a high-top bar, a photo wall documenting the history of Waynesboro, a stage area for live music and a view into their brew house from the main seating area.
“The installation of the garage door was kinda forced upon us. We wanted an open layout where we could be brewing on a Saturday afternoon and customers could see in, but we were told our brew house had to be totally closed in, but I didn’t want to make the space feel closed in,” Barrick said. “One day we were
...More info on site
|
|
USA: January domestic tax paid beer shipments up 2.4%
|
The US Beer Institute published an unofficial estimate of domestic tax paid shipments by beer brewers for January 2021 on February 25.
The January 2021 estimate is 12,725,000 barrels, an increase of 2.4% vs. January 2020 removals of 12,423,000.
The February 2021 domestic tax paid estimate is scheduled to be released on March 24, 2021.
|
|
USA, MI: Dirty Thumb Brewing Company to open in Port Huron after getting state and federal approval
|
Where once there were movie screens and dry-cleaning equipment in Port Huron will soon be home to something a little more bubbly, the Port Huron Times Herald reported on February 23.
Jeramie Albert plans to open Dirty Thumb Brewing Company, which will produce beer, wine and liquor, at the former Pine Grove Cleaners at 1615 Pine Grove Ave.
Albert, who works for the city's wastewater treatment plant, has brewed beer on and off for about 13 years and opening a brewery has been “a pipe dream for quite a while.”
“Still young enough to take a risk I guess,” Albert said.
According to St. Clair County property records, the building was purchased in June 2019 for $50,000 from Northstar Bank.
Albert said he probably looked at dozens of buildings but chose the Pine Grove Avenue location because he got a good deal on it and it’s a high traffic area.
He’s currently working to transform the space with family and friends, with one family member coming up with the name. The business is in the Thumb of Michigan and they’re getting their hands dirty to offer the working person’s beer, Albert said.
“It just kind of stuck,” he said.
Albert received local approval for the tasting room in
...More info on site
|
|
USA, NY: DisBatch Brewing Company coming to Macedon this year
|
Wayne County will soon have a new brewery, the Spectrum News reported on February 24.
DisBatch Brewing Company will be opening up on Canandaigua Road in Macedon.
It will be the first brewery in Wayne County to brew in-house.
The opening date has not yet been announced.
|
|
USA, NC: Hoptown Brewing Co. to open its doors in Mooresville after St. Patrick’s Day
|
Hoptown Brewing Co. will soon open its doors in Mooresville, and the owners are already looking to bring the concept to another city, the Charlotte Observer reported on February 24.
Scott Plemmons, who is opening the brewery with his wife, Sandy Plemmons, said the new spot will be the first of at least three Hoptown locations, with the plan to bring the neighborhood brewery model to underserved areas that aren’t as brewery-dense as Charlotte.
“We don’t see ourselves going into larger metropolitan areas,” Plemmons said. “We like to be the bedroom town type of brewery that would be able to pull from a large city but also support the local community. Our model is more about local.” While Mooresville’s location will be the first Hoptown, it will not be Plemmons’ first brewery.
After years of homebrewing, Plemmons started Hootenanny Brewing Co. from his 12-acre farm in Mooresville, at first with the simple goal of supplying his wife’s yoga studio with beer. Word about the beer spread, though, and soon Hootenanny was doing tap takeovers at the local Lowes Foods and on draft at places like Ultimate Ales, The Kilted Buffalo and Sky Mountain Coffee.
Plemmons kept hearing the same question: “When are you going
...More info on site
|
|
USA, NC: Oak Island’s first brewpub Solar Brewing Co. eyeing summer opening
|
Oak Island’s first brewpub, Solar Brewing Co., is planning to open next to Shagger Jacks sometime between June and August with a 50-person seating capacity, 16 taps, and pizza offerings, the Port City Daily reported on February 25.
When former homebrewer Michael Bartlett was studying for his brewing and distillation technology certificate at a trade school near Detroit, his marketing teacher once told him to avoid any hesitation of starting a brewery because of what appeared to be a tapped-out craft beer market.
Sure, there were breweries popping up throughout the country at a record rate, but it was nothing new when compared to the country’s total population. As far back as the 1870s, there was one brewery per 9,334 people in the U.S., according to data from the Brewers Association and U.S. Census Bureau. In 2019 — the last year of data published by the Brewers Association — 8,386 breweries operated in the U.S. Although the number may seem staggering, the ratio amounts to one brewery per 39,161 people.
“To match that today, we’d have to have 39,000 breweries,” Bartlett said. “We’re not even close to that today.”
A reason why so many breweries can thrive in today’s beer market is simple: Many
...More info on site
|
|
USA, MO: Good News Brewing Co. to open its third location in Augusta potentially in April
|
This spring, Good News Brewing Co., which has a location in O’Fallon, Missouri, and another in Defiance, is opening up a third location at 5521 Water St. in Augusta, potentially in April, in the space formerly known as Augusta Brew Haus. Guests will be able to enjoy wood-fired oven eats and brews made on site in the renovated indoor space, on the covered patio or at the shipping container bar outside, the Sauce Magazine reported on February 25.
Like the other locations, Good News Brewing Augusta will have a wood-fired pizza oven, but the team plans to use it for creative dishes beyond a basic pie unique to this location, including specials like flatbreads with smoked meats, as well as a variety of other wood-fired dishes like smoked wings, brisket tacos, pineapple-jalapeno pork tacos and smoked sausage.
Co-founders and co-owners Dan Tripp and Matt Fair started experimenting with home brewing together in 2014. Slowly, they expanded their operation and began to host a brewing party once a week for friends and family. “The idea was just to gather with people, make beer, eat pizza and share good news,” said Tripp. As these get-togethers grew, Tripp and Fair decided to turn their
...More info on site
|
|
USA, MA: Tree House Brewing Co. requests permission to build a farmer-distillery on its Charlton property
|
Tree House Brewing Co., Inc., a Charlton craft beer producer with a large cult following, has requested permission from the town to build a farmer-distillery on its Charlton property, the Worcester Business Journal reported on February 25.
Specifically, according to public documents, the brewer is asking to remove 10,819 square feet of its warehouse, which is a Section 19C farmer-brewery, to construct a Section 19E farmer-distillery. The build-out is expected to cost $1.6 million, according to an alteration of premises amendment filed with the ABCC.
Tree House is asking for a permit to sell the spirits both for on-site consumption and to go, along with the company’s beer.
Tree House did not immediately respond to a request for comment.
Tree House is the second local brewer to recently announce plans to expand into liquor production and sales. At the end of December, Wormtown Brewery in Worcester said it was in the preliminary stages of attempting to add distillery to their operations, an idea long in the works but which was stalled by the coronavirus pandemic.
|
|
USA: Brewers Association releases its 2021 Beer Style Guidelines
|
The Brewers Association, the non-profit trade and lobbying organization for small and independent craft brewers in the US, has released their 2021 Beer Style Guidelines. These guidelines are a kind of brewer’s bible to how to classify their beers, KPCnews.com reported on February 25.
This is the book that beer judges and beer competitions use to award medals and awards for beers exemplifying the top quality for their specific traits per style of beer.
The BA Beer Style Guidelines dates back to 1979, when Brewers Association and Great American Beer Festival founder Charlie Papazian and celebrated beer journalist Michael Jackson created the first guidelines.
The goal of the guidelines is to create a range that brewers can use to define their beers, judges can use for knowing what to look for when judging and to create a record of historically and regionally accurate beer styles for both the promotion and preservation of both new and historically significant beers.
The 2021 guidelines now include 158 different styles of beer, including four new classifications with no style deletions. The four new categories are Kentucky Common Beer, New Zealand-Style Pale Ale, New Zealand-Style India Pale Ale and Belgian-Style Session Ale. One name change was also noted this
...More info on site
|
|
USA: Constellation Brands appoints executive vice president and managing director of its beer division
|
Constellation Brands has announced new and expanded responsibilities for two members of its executive management committee, effective 1 March 2021, ESM reported on February 25.
Executive vice president and chief marketing officer Jim Sabia has assumed the newly created role of executive vice president and managing director of the beer division.
Mallika Monteiro will take up additional responsibilities as executive vice president and chief growth, strategy and digital officer.
In his new role, Sabia will lead the beer division's operations, services, and commercial business functions.
The position of chief marketing officer will remain open in the near-term, the company said.
Given the importance of this role in Constellation Brands' long-term growth aspirations, the group plans to fill this position over time.
Monteiro will assume added responsibility for leading the company's media initiatives, including digital marketing, three-tier e-commerce, and Constellation Ventures, as part of the new role.
Constellation Ventures focuses on investing in early-stage start-ups in the beverage alcohol space and adjacent categories.
President and CEO of Constellation Brands, Bill Newlands, said that "it is critical that we continue to invest in broadening the knowledge, perspective, and capabilities of our leaders" in order for the group to achieve its long-term goals.
He added, "Mallika and Jim will continue to
...More info on site
|
|
USA, OH: Saucy Brew Works’ opening delayed
|
Saucy Brew Works’ planned opening in Detroit is being delayed, Cleveland.com reported on February 25.
Saucy had been planning to open its Motor City outpost Wednesday, March 3. The brewpub - which will have capacity for brewing – is located in a mixed-use community development downtown and close to Detroit’s sports venues.
The folks at Saucy are taking as light-hearted a look at the delay – attributed to permit issues out of their control – via Facebook:’
The brewery said it hopes to learn of a new opening date next week.
Saucy, which opened in the Hingetown part of Cleveland’s Ohio City neighborhood in 2017, has been on a steady expansion course. It is building a massive brewery-event center next to Topgolf in Independence, and it opened in the Pinecrest development in Orange Village last year. It also has a Columbus taproom and a presence in Rocket Mortgage FieldHouse, where 14% of capacity - 2,720 spectators - are allowed under Covid restrictions.
|
|
World: Malt business hardly started for 2020 due to uncertain future prospects
|
|
Malt markets in 2021 will depend, of course, on the course of the corona pandemic, the H. M. Gauger GmbH analysts said in their
...More info on site
|
|
World: AB InBev reports smaller hit to 2020 sales than expected
|
|
The world’s largest brewer Anheuser-Busch InBev reported a smaller hit to 2020 sales than expected and said it expected “meaningfully” better numbers this year
...More info on site
|
|
Brazil: Ambev’s profit jumps in Q4 2020
|
|
Ambev SA's profit jumped in the fourth quarter from a year earlier as the beer maker posted gains in sales and benefited from tax
...More info on site
|
|
World: Online beer ordering likely to stay after coronavirus restrictions ease – AB InBev CEO
|
Beer drinkers are likely to retain pandemic habits of ordering online to drink at home even as coronavirus restrictions ease, the chief executive of the world’s largest brewer said on February 25, Reuters reported.
The switch in consumption was nowhere more apparent than in Brazil, where the firm’s Ze Delivery platform took 27 million orders last year, up from 1.5 million in 2019.
Carlos Brito, the chief executive of Anheuser-Busch InBev, acknowledged many consumers were desperate to return to bars, sports events and festivals, but believed consumption would not be exactly the same as before.
“The trend, as we’re seeing in China, is that consumers will go back to a lot of the old habits, but I think the home will remain more of a hub than it was before,” he told Reuters in an interview.
“The convenience of having things digitally ordered to your home will to a large part remain,” he said.
The maker of Budweiser, Stella Artois and Corona ended 2020 with what Brito described as “strong momentum”. Profit slipped in the fourth quarter, but the company sold 1.8% more beer. Growth was sharpest in Brazil, its second largest market.
Brito said AB InBev’s business had suffered most from severe lockdowns, such as
...More info on site
|
|
India: Molson Coors agrees to sell Indian unit
|
|
US brewer Molson Coors has agreed to sell its Indian unit to Singapore-headquartered Inbrew Holdings. While the companies did not disclose the deal size,
...More info on site
|
|
China: China still open for substantial malting barley imports - analysts
|
|
Exceptional food consumption after the corona crisis, a remarkable economic recovery, and fast rebuilding of the pig herds after the ASF crisis created a
...More info on site
|
|
EU: Chinese demand breaks traditional supplies of malting barley to Belgium, the Netherlands, and Germany
|
|
In the core malt production region of the EU, Belgium, the Netherlands, and Germany usually have a total malting barley deficit of minimum 2.5
...More info on site
|
|
New Zealand: Total volume of beer available for consumption drops 1.7% in 2020
|
|
The total volume of alcoholic drinks available for consumption in New Zealand was little changed in 2020, up 0.8 percent, following a rise of
...More info on site
|
|
Brazil: Heineken, Coca-Cola Femsa reach distribution deal in Brazil
|
|
Mexican Coke bottler Coca-Cola Femsa said on February 24 that it had reached an agreement with Heineken NV over distribution in Brazil, a move
...More info on site
|
|
Ukraine: AB InBev Efes Ukraine reports net loss of UAH493.04 mln in 2020
|
|
AB InBev Efes Ukraine (Kyiv), one of the largest brewing companies in Ukraine, reported on February 25 UAH493.04 million in net loss in 2020
...More info on site
|
|
South Africa: South African alcohol industry gravely concerned by excise tax increase
|
The South African alcohol industry says it's gravely concerned that excise tax will be increased by 8%, which will exceed the targeted excise duties for wine, beer and spirits set by Treasury itself, at 11, 23 and 36% respectively, Bizcommunity.com reported on February 251.
The Beer Association of South Africa (Basa) – comprising the Craft Brewers Association, Heineken South Africa and South African Breweries – calls the announcement by Finance Minister Tito Mboweni "a kick in the teeth for everybody in the beer value chain, and especially small craft brewers whose businesses have been shattered by 19 weeks of restricted trade".
"Minister Mboweni’s announcement to increase excise taxes by 8% for the forthcoming financial year will be truly detrimental to our efforts to save jobs and livelihoods within the beer industry. This outrageous increase, set at 3.8% above inflation, will destroy the few businesses left standing. It is absolutely abhorrent that a government can choose to shut down an entire industry, repeatedly, with no prior communication to businesses within the sector and with no relief measures in place to soften the blow to jobs and livelihoods," says Basa.
Kurt Moore, CEO of the South African Liquor Brandowners Association (Salba), says, “With thousands of
...More info on site
|
|
UK: Conservative MPs calling for a reduction in the tax paid on beer
|
A group of UK’s Conservative MPs is calling for a reduction in the tax paid on beer in next week's Budget, Yahoo Finance reported on February 26.
They have written to Chancellor Rishi Sunak arguing a cut in beer duty would support pubs which are struggling to survive the "devastating" impact of the pandemic.
They called for a "significant" cut over the course of this Parliament.
However the charity Alcohol Change UK said the costs to society of drinking "far outweighs" the tax paid on it.
The MPs' letter, co-ordinated by Durham North West MP Richard Holden, warned that some pubs, many of them "long-standing community assets" could close without further help and that there would be a knock-on effect on breweries.
The British Beer and Pub Association (BBPA) has already called for an extension to the VAT cut and business rates holiday that have supported businesses, including pubs, through the last year.
But BBPA chief executive Emma McClarkin said a beer duty cut would "allow pubs to survive and thrive in the future".
"Pubs are the heart of our communities and a vital part of the UK economy, with a presence in just about every city, town and village across the country," she said.
"Amid this crisis
...More info on site
|
|
Tanzania: Serengeti Breweries introduces Guinness Smooth
|
In a bid to maintain strong market presence, Serengeti Breweries Limited has introduced Guinness Smooth, a new member to its growing family in the country’s northern cities of Moshi, Arusha Manyara, and Tanga, IPPmedia reported on February 26.
In a statement on February 25, the brewer invited key distributors, restaurant and bar owners to be among the first people to experience and sample the Guinness Smooth’s distinctive and refreshing taste.
SBL’s Innovation Manager, Bertha Vedastus said the latest addition to the Guinness family has a distinctly smooth and refreshing taste, with the perfect balance of flavours that are ideal for enjoyment while catching up with friends.
“The new tipple has all the refreshment hallmarks of a stout, with the fine character of Guinness. Crafted with Tanzanian consumers in mind, Guinness Smooth is a new expression of Guinness developed by Guinness master brewers, local and international, to deliver an exciting and stand-out beer that is perfect for casual social occasions. This smooth beer is produced in our Moshi brewery,” Vedastus said.
She further noted that the new beer brand brings a unique and world-class taste to residents of Moshi, Arusha Manyara, and Tanga following successful launch in Dar es Salaam at the end of
...More info on site
|
|
Register a new user (free of charge).
Top
Top News