|
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 46a
November 14 - November 16, 2022
Quote of the Week
Formal education will make you a living; self-education will make you a fortune.
Jim Rohn
|
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 192,- 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: 192, - Euros
Two-year individual subscription: 339, - Euros
Save money when your colleagues join:
One-year group subscription for 2-5 members: 395, - Euros
One-year group subscription for 6-10 members: 588, - Euros
One-year group subscription for 11-20 members: 781, - Euros
One-year group subscription for 21-50 members: 1042, - Euros
One-year group subscription for 51-100 members: 1303, - Euros
One-year group subscription for 101 and more members: 1588, - 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 November 16, 2022 |
Base Currency: Canadian Dollar
on November 16, 2022 |
| |
1 USD = 0.9648 EUR
1 USD = 0.8446 GBP
1 USD = 1.3288 CAD
1 USD = 1.4836 AUD
1 USD = 139.5540 JPY
1 USD = 5.3309 BRL
1 USD = 60.6346 RUB
1 USD = 7.0429 CNY
|
|
1 CAD = 0.7524 USD
1 CAD = 0.6355 GBP
1 CAD = 0.7259 EUR
1 CAD = 1.1163 AUD
1 CAD = 105.0020 JPY
1 CAD = 4.0110 BRL
1 CAD = 45.6223 RUB
1 CAD = 5.2991 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
USA: Beer industry sees consumption increase 0.7% in 2021
...Click here
|
North America: Early reports on malt processing favourable
...Click here
|
|
USA: Constellation Brands succeeds in ending its B class of shares
...Click here
|
|
USA, WY: Roadhouse Brewing Co. to acquire Melvin Brewing and its operations
...Click here
|
|
USA, NY: Runaway Blue Brewing Company becomes Newark’s first brewery
...Click here
|
|
USA, CA: MacLeod Ale Brewing Co abruptly ceases operations
...Click here
|
EU: July-October malt exports virtually unchanged from last year
...Click here
|
|
World: United Malt reports disappointing annual results, believes beer won’t go flat in a recession
...Click here
|
|
France: Heineken to close or sell one of its three French breweries
...Click here
|
|
World: Barley markets dull since months as China, Saudi Arabia reduce purchases
...Click here
|
|
Australia: Barley crop forecast at up to 14.8 mln tonnes but impact of heavy rains yet to be assessed
...Click here
|
|
The Philippines: Beer imports may increase by more than a third this year
...Click here
|
|
Argentina: Barley crop forecast further reduced by 0.5 mln tonnes on unfavourable weather
...Click here
|
|
Ukraine: Ukraine finishes harvest of wheat, barley, and peas
...Click here
|
|
France: Winter barley planted on 88% of projected area by November 7
...Click here
|
|
Zimbabwe: Innscor Africa Holdings to invest in beer manufacturing plant under its Buffalo Brewing brand
...Click here
|
|
Ireland: Government not planning alcohol excise duty reduction
...Click here
|
|
Thailand: Brewpubs to benefit the most from new alcohol laws in Thailand
...Click here
|
Japan: Kirin Brewery expands export of its Japanese Whiskeys
...Click here
|
|
UK: British Beer and Pub Association urges for tax break reinstatement
...Click here
|
Graph of the Week
Table of the Week
World Barley Trade
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
14 November
1494 - Corporate balance sheets and income statements can trace their heritage to this day, as the first edition of Luca Pacioli's Summa de Arithmetica, Geometria, Proportioni et Proportionalita is printed in Venice
1957 - OPEC (Organization of Petroleum Exporting Countries), forms
1985 - Brewers release 39-year-old pitcher Rollie Fingers
1994 - 1st trains for public run in English Channel Tunnel
2008 - The first G-20 economic summit opens in Washington, D.C
15 November
1904 - King C Gillette patents Gillette razor blade
1971 - Intel advertises 4004-processor
16 November
1841 - Life preservers made of cork are patented by Napoleon Guerin
1875 - William Bonwill, patents dental mallet to impact gold into cavities
1904 - British physicist John A. Fleming invents the thermionic two-electrode valve, or diode, later known as the vacuum tube, which soon makes the radio possible -- and ultimately powers the earliest modern computers
Agenda
November 2022:
22 - 23: 12th Iberoamerican VLB Symposium Brewing & Filling Technology 2022 (Uberlandia, Brazil)
December 2022:
06 - 08: 3rd VLB International Brewing Web Conference (VLB Virtual Campus)
07 - 09: Drink Technology India 2022 (Bombay Exhibition Centre, Mumbai, India)
07 - 09: Drink Japan 2022 (Makuhari Messe, Japan)
07 - 11: Mondial de la Biere Rio 2022 (Rio de Janeiro, Brazil)
February 2023:
10 - 13: HoReCa 2023 (Athens, Greece)
16 - 18: Great British Beer Festival Winter 2023 (Burton Town Hall, Burton-on-Trent, UK)
20 - 23: Beer & Food Attraction 2023 (Rimini, Italy)
March 2023:
07 - 09: Expo Antad & Alimentaria Mexico 2023 (Expo Guadalajara, Jalisco, Mexico)
08 - 11: Festival Brasileiro da Cerveja 2023 (Blumenau, Brazil)
24 - 26: St Malo Craft Beer Expo 2023 (St Malo, France)
April 2023:
02 - 06: 15th International Trends in Brewing 'Beer & Society' 2023 (Leuven, Belgium)
06 - 08: KIBEX 2023 (Seoul, South Korea)
May 2023:
07 - 10: Craft Brewers Conference & BrewExpo America 2023 (Nashville, TN, USA)
10 - 10: World Beer Cup 2023 (Nashville, TN, USA)
12 - 14: Cerveza Mexico Expo 2023 (Guadalajara, Mexico)
22 - 28: Budapest Beer Week 2023 (Budapest, Hungary)
22 - 23: The Brewers of Europe Forum 2023 (Prague, the Czech Republic)
25 - 27: InnBrew 2023 (Barcelona, Spain)
30 - 01 June: Beviale Mexico 2023 (Mexico City, Mexico)
June 2023:
01 - 04: Wiener Bierfest 2023 (Vienna, Austria)
05 - 06: Tallinn Craft Beer Weekend 2023 (Tallinn, Estonia)
13 - 14: IGC Grains Conference 2023 (London, UK)
August 2023:
10 - 12: VIETFOOD & BEVERAGE - VIETNAM 2023 (Saigon Exhibitions and Conventions Center, 799 Nguyen Van Linh Street, District 7, HoChiMinh City, Vietnam)
November 2023:
14 - 16: Brau Beviale 2022 (Nuremberg, Germany)
News Articles
|
USA: Beer industry sees consumption increase 0.7% in 2021
|
The U.S. beer industry achieved volume consumption growth of 0.7% in 2021 to 2.85 billion 2.25-gallon cases, according to the 2022 Beer Handbook.
This positive shift can be primarily attributed to the growth within the flavored malt beverages, imports and craft categories, as all other beer segments posted losses.
Although the hard seltzers sub-segment within FMBs experienced a significant deceleration versus the meteoric rise of the past few years, the overall category did have brands that continued to drive growth.
During the past 10 years, volume consumption within the beer industry has declined. The beer category remains in a precarious position. Perhaps more so than any other category, it has been changed by Covid-19. Big brands have been shrinking for years. Before the pandemic, craft enjoyed rapid growth, fueled by consumer experimentation and reliant on taprooms and the on-premise.
Then Covid closed the on-premise dealing a blow to craft, and other beer segments as well, that it’s still trying to recover from. Consumer preferences have changed and have so far not reverted to pre-Covid.
Total domestic beer ended 2021 at 2.32 billion 2.25-gallon cases, which accounted for an 81.3% share of the overall category, a decrease from 2020. Growth levels within FMBs and craft were
...More info on site
|
|
North America: Early reports on malt processing favourable
|
|
With good quality crops in the USA (3.77 mln tonnes) and Canada (9.74 mln tonnes) early reports on malt processing are favourable as a
...More info on site
|
|
USA: Constellation Brands succeeds in ending its B class of shares
|
Drinks giant Constellation Brands has succeeded in ending its B class of shares which carried 10 times the vote of ordinary shares in a coup for equal voting rights, The Drinks Business reported on November 14.
As predicted by The Drinks Business, shareholders have approved Constellation’s plan to eliminate the B class of shares which carried 10 times the votes of ordinary shares and effectively gave the Sands family vetoing powers in the company’s direction.
All shares will now confer equal voting rights, reducing the Sands’ bloc to below 20% from the 60% they held under the dual-class system.
In addition, executive chairman Robert Sands and his brother, executive vice chairman Richard Sands, will retire and become non-executive members.
More than 75% of shareholders approved the plan.
The move will enhance the popularity of Constellation’s shares as investors tend to avoid dual structures and unequal voting rights. It will also enable the company to consider using share issues in any future merger or acquisition negotiations.
Converting the super-voting shares, however, will cost existing shareholders some US$1.5 billion in compensation, As new shares will be created , existing Class A shareholders will have their holdings diluted.
Wells Fargo estimates that dilution will be “manageable,” at about 2% of
...More info on site
|
|
USA, WY: Roadhouse Brewing Co. to acquire Melvin Brewing and its operations
|
Roadhouse Brewing Co. has signed a purchase agreement to acquire Melvin Brewing and its operations, according to representatives from both brewing companies, Buckrail reported on November 11.
“We’re buying Melvin Brewing Company,” Colby Cox, co-founder and CEO of Roadhouse Brewing Co., said.
While closing of the purchase is imminent, Cox estimates that Roadhouse will own Melvin sometime between now and the end of the year. The price of the acquisition remains confidential.
“We are really excited about it, we’ve been in conversations with Melvin for a while,” said Cox. He added that “[the acquisition] just makes a lot of sense for our company…we love and know their brand very well.”
Cox detailed Roadhouse’s plan to continue Melvin in terms of its brand identity and to hopefully grow and expand the company from where it is today.
“We are going to be expanding the restaurant down [in Alpine] and building out a full kitchen and hopefully adding some more seating.”
Roadhouse Brewing Company was created and is owned by Fine Dining Restaurant Group Owner/Chef Gavin Fine and home-brewer Colby Cox.
Fine Dining Restaurant Group owns and operates six restaurants in Jackson Hole. The two entities are different but share a common owner, Gavin Fine. He commented on the
...More info on site
|
|
USA, NY: Runaway Blue Brewing Company becomes Newark’s first brewery
|
Save for a clock museum sure to fire up any aspiring horologist, the village of Newark has few attractions to draw in visitors, the Rochester City Newspaper reported.
Brian Bremer hopes to change that with Runaway Blue, the first brewery to open its doors in Newark. The quaint operation, which launched Saturday, November 12 in a former office space on South Main Street, pumps out two-barrel batches of impeccably made beers. The brewery is the second to open in Wayne County, following the opening of Macedon’s DisBatch Brewing Company last year.
“Beer is something that people travel for,” Bremer said. “Hopefully, we can bring some extra tourism into town. That’s the cool thing about beer.”
Bremer, a Newark native, began tooling with the idea of launching a brewery with his wife, Maria, back in January. He’s since jumped knee-deep into the brewery project, which is his full-time gig. Maria has a day job working for the Newark Central School District, but she helps with the brewery in her off hours.
Bremer cut his teeth as a brewer for Young Lion Brewing Company in Canandaigua. He said that from the outset, the people at Young Lion have supported his vision of opening a nano-brewery.
The
...More info on site
|
|
USA, CA: MacLeod Ale Brewing Co abruptly ceases operations
|
MacLeod Ale Brewing Co has revealed it will be halting operations once it has sold through its current inventory of beer, The Drinks Business reported on November 16.
In a surprise move the LA brewer made the announcement via social media stating that its original location in Van Nuys, CA and its brand new location in Highland Park will cease brewing and operating entirely.
The post, which shocked loyal fans of the brewery, was a surprise to many since just a fortnight ago MacLeod was advertising job openings at its new Highland Park location.
A memo MacLeod has sent out to members of the Los Angeles Brewers Guild, identified how it has “had to lay off our entire staff and close down both locations”.
In the memo, the brewer said: “We’re over budget in several categories” and “we have too much debt due to expansion” and admitted that it had experienced a “sudden crash of sales [down 15% in Oct, 21% in November! Bad timing!] along with the fact that “our 2nd location opened too late and is underperforming” meant that the business was being forced to close.
The brewer revealed that over the years it has been able to “scrounge up money here and
...More info on site
|
|
EU: July-October malt exports virtually unchanged from last year
|
|
EU malt exports (in barley equivalent) in July-October were 920 thousand tonnes, virtually unchanged from a year ago, H. M. Gauger GmbH said earlier
...More info on site
|
|
World: United Malt reports disappointing annual results, believes beer won’t go flat in a recession
|
|
United Malt says history shows beer sales do not dry up in recessions as it rewrites supply contracts with big brewers and looks to
...More info on site
|
|
France: Heineken to close or sell one of its three French breweries
|
|
Heineken has announced plans to close or sell one of its three French breweries, which it says could affect 220 job positions, FoodBev Media
...More info on site
|
|
World: Barley markets dull since months as China, Saudi Arabia reduce purchases
|
|
Barley markets had been dull since months. In past years Saudi Arabian tenders and well publicized Chinese purchases of malting barley kept markets alive.
...More info on site
|
|
Japan: Beer, quasi-beer sales down 32% in October
|
Sales of beer and quasi-beer beverages in Japan fell 32% in October from a year before after surging in September ahead of price hikes on Oct. 1, estimates from Kirin Brewery and others showed.
October marked the first decrease in beer and quasi-beer sales in three months. Sales decreased about 30% both for household consumption and for restaurants and bars.
By maker, sales volume was down 35% at Sapporo Breweries and 33% at Kirin. In value, sales by Asahi Breweries declined 29%.
Suntory saw beer sales rise year on year, thanks to an over twofold increase in sales of its Perfect Suntory Beer. The company renewed the product while keeping the price unchanged for the canned version.
Sales of the canned version of Kirin’s Spring Valley beer product rose more than 40%.
|
|
Australia: Barley crop forecast at up to 14.8 mln tonnes but impact of heavy rains yet to be assessed
|
|
Rabobank forecasts a 2022/23 barley crop of 14.8 mln tonnes in Australia, up 7% y/y, a new record crop with the best results in
...More info on site
|
|
The Philippines: Beer imports may increase by more than a third this year
|
|
The Philippines may raise its beer imports by more than a third this year amid increasing demand due to the resumption of economic activities
...More info on site
|
|
Argentina: Barley crop forecast further reduced by 0.5 mln tonnes on unfavourable weather
|
|
Significant rain provided critical relief to the drought conditions across Buenos Aires Province, however, the impact to barley yields plus a hard frost in
...More info on site
|
|
Ukraine: Ukraine finishes harvest of wheat, barley, and peas
|
As of November 10, agricultural enterprises harvested 36.1 million tons of grain and leguminous crops from an area of 8.5 million hectares (76%) with a yield of 42.4 tons per hectare.
This is stated in the message of the Ministry of Agrarian Policy and Food, Ukrainian News Agency reports.
In particular, 4.7 million hectares of wheat were threshed (100%), with a yield of 41.2 tons per hectare, 19.4 million tons were threshed; 1.6 million hectares of barley were threshed (100%), with a yield of 35.1 tons per hectare, 5.6 million tons were threshed; 111,500 hectares of peas were threshed (100%), with a yield of 23.4 tons per hectare, 261,000 tons were threshed; 1.6 million hectares (39%) of corn were threshed for grain, with a yield of 58.3 tons per hectare, 9.6 million tons were threshed; buckwheat was threshed on 112,000 hectares (95%), with a yield of 13.6 tons per hectare, 153,000 tons were threshed; millet was threshed on 42,600 hectares (95%), with a yield of 23.1 tons per hectare, 98,000 tons were threshed.
In addition, sunflower harvesting was carried out on an area of 4.4 million hectares (93%), 9.5 million tons of seeds were threshed with a yield of 21.9 tons per hectare.
Soybeans
...More info on site
|
|
France: Winter barley planted on 88% of projected area by November 7
|
By Nov. 7 farmers in France had planted 92% of the expected soft wheat area while 97% of the anticipated winter barley had been sown, FranceAgriMer said in its cereal crop progress report.
Emergence of soft wheat and winter barley crops was running about a week ahead of the usual pace, reflecting the effect of an exceptionally warm October in the European Union's biggest grain producer.
Soft wheat had emerged from the ground on about 76% of the expected area by Nov. 7, up from 61% a year ago and six days ahead of the average development pace of the past five years, FranceAgriMer said.
Winter barley had emerged on 88% of the projected area, with crops running seven days ahead of the five-year average.
Durum wheat sowing was 50% complete, against 36% a year earlier, while 13% of durum crops had emerged, compared with 4% a year ago.
Harvesting of grain maize had ended after being 99% complete the previous week.
FranceAgriMer maintained its estimate that the harvest was 18 days ahead of the five-year average while crop conditions had their lowest rating in data going back to 2011.
Last summer's severe drought and heatwaves are expected to lead to the smallest French maize harvest in
...More info on site
|
|
Zimbabwe: Innscor Africa Holdings to invest in beer manufacturing plant under its Buffalo Brewing brand
|
Zimbabwe Stock Exchange-listed Innscor Africa Holdings is spending US$56 million for the coming year on new projects which include a beer manufacturing plant under its Buffalo Brewing Company (Buffalo), the Pindula News reported on November 12.
This comes after Innscor spent US$70 million on new investments last year, according to newZWire.
More funds are expected to be injected into the alcohol unit in the near future, NewsDay reported quoting Buffalo managing director Richard Mann.
The development is set to challenge Delta Beverages’ decades-long monopoly in the beverage sector on the Zimbabwean market.
Richard Mann told NewsDay that they were planning to break into the sorghum beer market with the Nyathi sorghum beer brand. Mann said:
“We are not yet in the market, but we expect to have our product in the market in December. The alcohol category is very broad. Sorghum and clear beer is common in the southern African region. Clear beer is not a segment of the category. There are some great clear beer brands out there that we would need to compete with.”
Innscor has been in the beverages game since 2013 when its Probottlers was launched with the Bally House Crush and cordial range.
A carbonated soft drink range was introduced under the
...More info on site
|
|
Ireland: Government not planning alcohol excise duty reduction
|
Ireland’s government has said it has no plans to reduce excise duty on alcohol after Heineken announced it was upping its prices, TheJournal.ie reported on November 11.
The company announced on November 10 that it is increasing the price of its kegs by 9% due to “significant increases in the cost of energy, packaging, and raw materials.”
The increase is equivalent to a 17 cent rise in the price of a pint, before VAT.
It came as a surprise to many publicans, with The Vintners’ Federation of Ireland saying its members were “extremely concerned about this price rise.”
“There is never a good time for such a price increase, but in the current climate where everyone is feeling the impact of soaring costs this is particularly poor timing,” Vintners’ CEO Paul Clancy said.
“Due to the cost of doing business, most publicans will have to pass on the price increase to their customers.”
Speaking to reporters in Blackpool on November 11, Taoiseach Micheál Martin ruled out an excise cut on alcohol.
“There’s a lot of pressure all around because of the economy. We all know there’s a cost of living issue arising out of the war in Ukraine. A lot of energy price increases. I
...More info on site
|
|
Thailand: Brewpubs to benefit the most from new alcohol laws in Thailand
|
Pubs in Thailand that want to brew their own craft beers will benefit the most from the government’s new alcohol proclamation, which went into effect on November 2, the Chiang Rai Times reported.
According to a professor specializing in the liquor industry, their number is expected to grow, while small investors who want to produce liquor or beer will find it difficult to enter the market due to new restrictions imposed by the proclamation.
According to Assistant Professor Charoen Charoenchai of the Rajamangala University of Thanyaburi’s Faculty of Agricultural Technology, the proclamation gives the impression that the state has removed several restrictions, allowing individuals to produce alcoholic beverages for household consumption and commercial purposes, in an attempt to break up the liquor production oligopoly.
For example, he stated that restrictions on minimum registered capital and minimum amount of production for new investors had been lifted, but new restrictions have been imposed, such as the requirement for new investors to conduct environmental impact assessment studies and install standard machinery that records tax payments for the alcoholic beverages they produce.
According to Charoen, these will make it easier for small investors to enter the craft beer business if they have substantial financial backing.
However, he noted that
...More info on site
|
|
Japan: Kirin Brewery expands export of its Japanese Whiskeys
|
Kirin Brewery Company has begun exporting two of its Japanese Whiskeys to Singapore, while a third has made its debut in the US and Australia, The Drinks Business reported on November 11.
Mt. Fuji Distillery, owned by Kirin, is one of the few distilleries in the world capable of producing both malt and grain-based whiskeys, and which has the know-how to cover four of the world’s five major whiskey categories; Scotch whisky, American whisky, Canadian whisky, Japanese whisky, and Irish whisky.
Kirin Single Grain Japanese Whiskey Fuji, which launched in 2020, has received worldwide acclaim and its sales volume in 2021 grew significantly both in Japan and overseas, more than tripling in Japan and multiplying by 20 times overseas.
In the US, where Kirin Single Blended Fuji has been sold for some time, the product has until now been available in eight states, but as of September, its presence has expanded to 19 states.
According to the producer, Kirin Single Blended Japanese Whiskey Fuji is a new style unique to Mt. Fuji Distillery, which produces malt and grain at the same site. As it revealed, exports of the Fuji brand in September were very strong, approximately 2.5 times the previous year’s total.
In response to
...More info on site
|
|
UK: British Beer and Pub Association urges for tax break reinstatement
|
The British Beer and Pub Association has urged the government to reinstate the tax break announced by former premier Liz Truss and scrapped by the new management of Rishi Sunak. The annual increase in the pint is 8%, The Times Hub reported on November 13.
British pubs want the government to help them keep pint prices affordable this Christmas as rising inflation is driving up business costs and making it harder to purchasing power of consumers.
In a letter dated 11 November to Chancellor of the Exchequer Jeremy Hunt, the British Beer and Pub Association (BBPA) called on the government to re-freeze the tax on beer in its November 17 budget announcement.
“We need the beer tax freeze reinstated to ease at least some of the cost pressure on our bars and brewers and to prevent crucial alcohol tax reform measures from being undermined,” BBPA Chief Executive Emma McClarkin said in a statement.
The freeze, which was due to take effect from February, was lifted as part of measures taken by Hunt last month passed to remove tax cuts put in place by former Prime Minister Liz Truss and reduce her massive energy subsidy.
The BBPA claimed that the rise in prices of all kinds
...More info on site
|
|
Register a new user (free of charge).
Top
Top
Top News