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E-Malt.com Newsletter 51b
December 19 - December 22, 2024
Quote of the Week
Merry Christmas and Happy New Year! May the coming year bring you boundless opportunities, growth, and memorable moments.
The E-malt.com Team
Currency Rates
Base Currency: US Dollar
on December 20, 2024 |
Base Currency: Canadian Dollar
on December 20, 2024 |
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1 USD = 0.9630 EUR
1 USD = 0.7953 GBP
1 USD = 1.4400 CAD
1 USD = 1.6025 AUD
1 USD = 156.5660 JPY
1 USD = 6.2279 BRL
1 USD = 103.9140 RUB
1 USD = 7.2954 CNY
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1 CAD = 0.6944 USD
1 CAD = 0.5522 GBP
1 CAD = 0.6687 EUR
1 CAD = 1.1127 AUD
1 CAD = 108.7160 JPY
1 CAD = 4.3245 BRL
1 CAD = 72.1555 RUB
1 CAD = 5.0658 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, ME: The Send Brewing Company ready to open in Knightville within the next few weeks
...Click here
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USA, MD: Mystique Barrel Brewing and Lager House launches in Pigtown
...Click here
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USA, MA: Cambridge Brewing Company sells brand to Castle Island Brewing
...Click here
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EU & UK: 2025 barley production forecast at 59.7 mln tonnes
...Click here
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Australia: Government downgrades expected revenue from alcohol excises over next four years
...Click here
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France: Winter barley area estimated 0.8% lower in 2025
...Click here
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India: India's antitrust body raids AB InBev, Pernod Ricard offices
...Click here
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Belgium: Flemish red-brown beers to get European protection label
...Click here
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South Korea: Terra beer’s cumulative sales exceeded 5.08 billion bottles
...Click here
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India: India’s Ministry of Beer opens its newest outpost in Goa
...Click here
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Graph of the Week
Table of the Week
Latin America Beer Production by Country 2018 - 2023(s)
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
19 December
1795 - 1st state appropriation of money for road building, Kentucky
1989 - American Airlines purchases Eastern Airline's Latin American route
1997 - Masaru Ibuka co-founder Sony Corporation, dies at 89
20 December
1790 - The first mechanized textile mill in the U.S. opens in Pawtucket, R.I. Built by Samuel Slater
1803 - Louisiana Purchase formally transferred from France to US for $27 million
1966 - The transmission of trades and quotes from the floor of the New York Stock Exchange is fully automated for the first time
1996 - NeXT merges with Apple Computer, starting the path to Mac OS X
21 December
1879 - Theodore Limperg, business economist
1882 - 1st string of Christmas tree lights created by Thomas Edison
1913 - 1st crossword puzzle (with 32 clues) printed in New York World
1937 - 1st feature-length color & sound cartoon premieres (Snow White)
22 December
1877 - "American Bicycling Journal" begins publishing (Boston, Mass)
1910 - US postal savings stamps 1st issued
1973 - Meeting in Tehran, the oil ministers of OPEC's six Persian Gulf member countries announce that they will unilaterally raise the price of crude oil to $7 per barrel. In two-and-a-half months, OPEC has raised the price of oil by 128%
Agenda
February 2025:
06 - 07: Glug Swiss 2025 (Alte Reithalle, Aarau, Switzerland)
07 - 10: HoReCa 2025 (Athens, Greece)
12 - 15: Great British Beer Festival Winter 2025 (Magna Science Adventure Centre, Rotherham, UK)
16 - 18: BBTech Expo 2025 (Rimini, Italy)
21 - 23: Finest Spirits 2025 (Munich, Germany)
March 2025:
03 - 07: IBD Asia Pacific Convention 2025 (Hobart, Tasmania)
12 - 15: Festival Brasileiro da Cerveja 2025 (Blumenau, Brazil)
19 - 20: BeerX 2025 (Liverpool, UK)
25 - 27: Expo Antad & Alimentaria Mexico 2025 (Expo Guadalajara, Jalisco, Mexico)
25 - 27: 109th International Brewing & Engineering Congress 2025 (Kulmbach, Germany)
April 2025:
03 - 05: Warsaw Beer Festival 2025 (Warsaw, Poland)
06 - 08: Planete Biere 2025 (Paris, France)
06 - 09: 15th International Trends in Brewing 'Beer & Society' 2025 (Leuven, Belgium)
10 - 12: KIBEX 2025 (Seoul, South Korea)
11 - 12: InnBrew 2025 (Barcelona, Spain)
15 - 17: Craft Beer China 2025 (Shanghai, China)
28 - 01 May: Craft Brewers Conference & BrewExpo America 2025 (Indianapolis, USA)
28 - 30: 27th Annual International Beer Strategies 2025 (Prague, the Czech Republic)
May 2025:
13 - 15: International Beer Strategies Conference 2025 (Prague, the Czech Republic)
16 - 18: Cerveza Mexico Expo 2025 (Expo Guadalajara, Jalisco, Mexico)
16 - 17: Copenhagen Beer Festival 2025 (Copenhagen, Denmark)
18 - 20: EBC Symposium 2025 (Budapest, Hungary)
26 - 01 June: Budapest Beer Week 2025 (Budapest, Hungary)
June 2025:
10 - 11: IGC Grains Conference 2025 (116 Pall Mall, London, UK)
13 - 14: Tallinn Craft Beer Weekend 2025 (Tallinn, Estonia)
16 - 18: VLB Africa Brewing Conference 2025 (Maputo, Mosambique)
20 - 22: Mondial de la Biere 2025 (Montreal, Canada)
August 2025:
05 - 09: Great British Beer Festival 2025 (Birmingham, UK)
07 - 09: VIETFOOD & BEVERAGE - PROPACK VIETNAM 2025 (Saigon Exhibitions and Conventions Center, 799 Nguyen Van Linh Street, District 7, HoChiMinh City, Vietnam)
22 - 23: Beervana 2025 (Wellington, New Zealand)
September 2025:
15 - 19: Drinktec 2025 (Munich, Germany)
20 - 05 October: Oktoberfest 2025 (Munich, Germany)
27 - 29: Whisky Live Paris 2025 (Paris, France)
October 2025:
16 - 17: Brew Asia 2025 (Bangkok, Thailand)
November 2025:
10 - 12: 15th Iberoamerican VLB Symposium Brewing & Filling Technology (Parana, Brasil)
December 2025:
03 - 05: Drink Japan 2025 (Makuhari Messe, Japan)
News Articles
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USA, ME: The Send Brewing Company ready to open in Knightville within the next few weeks
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Preparations for the launch of The Send Brewing Company are wrapping up. Owner Cole Corbin hopes to open his Knightville brewery and restaurant within the next few weeks, Portland Food Map reported on December 18.
The Send will have their own IPA, pale ale and stout on tap as well as Sapporo and an additional guest tap—house-made Japanese-style lagers will eventually be added to the tap list. Chef Jayde Miller will be serving a menu of Japanese comfort food including onigiri, fried chicken, curry korokke, gyudon, daikon salad. Miller is a graduate of Johnson & Wales and spent a year living in Japan.
Corbin worked for 8 years at Maine Beer Company initially as a brewer and then as the director of brewing operations and the technical director for the Freeport-based brewery. He’s also worked as a bartender and prep cook at Mast Landing and Knighthawk’s Kitchen. Earlier in his career Corbin was an aerospace engineer at NASA.
The 50-seat space retains the same layout as Foulmouthed Brewing which previously occupied the building. It now features a neon/mural installation co-created by David Johansen (aka Neon Dave) and Jill Perry from Third Bird Creative.
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USA, MD: Mystique Barrel Brewing and Lager House launches in Pigtown
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Mystique Barrel Brewing and Lager House opened in recent weeks at 921 Washington Blvd. in Pigtown. The brewery occupies the 3,000 sq. ft. space that was previously Suspended Brewing Company, CityBiz reported on December 19.
Mystique is run by Tom Pagano with partners Les White and Steve Marsh. Pagano worked in the same building at Suspended and has also worked at Checkerspot Brewing Company.
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USA, MA: Cambridge Brewing Company sells brand to Castle Island Brewing
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Cambridge Brewing Company's beer isn't going away after all, Wicked Local reported on December 18.
The Kendall Square brewpub, which announced it would close after 35 years in business on Dec. 20, announced Wednesday on Facebook that South Boston-based Castle Island Brewing Company has acquired the iconic Cambridge Brewing Company brand.
Financial terms were not disclosed.
When Wicked Local recently interviewed Cambridge Brewing founder Phil Bannatyne, he noted at the time that "there may still be CBC beer in the future,” but was unable to elaborate further.
But now it's official.
According to the Facebook post, Cambridge Brewing began partnering with Castle Island earlier this year to help meet demand for its legendary Amber Ale and Flower Child IPA.
The post states: “When CBC founder Phil Bannatyne decided to retire, we received an overwhelming response from the public asking us to continue making our beers somehow. Phil reached out to CIBC with the hope that CBC’s legacy could live on, as both Phil and Brewmaster Will (Meyers) have a lot of respect for CIBC and feel the values and visions of our two companies align well.”
Bannatyne couldn't be reached for comment.
Adam Romanow, founder and CEO of Castle Island, is quoted in the Facebook past as saying
...More info on site
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World: Global beer consumption up 0.1% in 2023
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Kirin Holdings Company, Limited (Kirin Holdings) has published the Global Beer Consumption Report for 2023 which summarizes the details of global beer consumption in
...More info on site
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EU & UK: 2025 barley production forecast at 59.7 mln tonnes
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In its first forecast for the 2025 crop, COCERAL sees the total grain crop in the EU-27+UK at 297.8 mln t. This would be
...More info on site
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Australia: Government downgrades expected revenue from alcohol excises over next four years
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The Australian Government has dramatically downgraded its expected revenue from the alcohol excise tax over the next four years as price rises dent consumer demand, the Drinks Digest reported on December 20.
Spirit excise proceeds, for example, have been revised downwards by A$1.7 billion over the four years to 2027-28 (a drop of 8%).
The Australian Government’s Mid-Year Economic and Fiscal Outlook 2024–25 (MYEFO) shows a significant decline in forecast revenue since the previous estimates in the May budget.
Beer, spirits and “other alcohol” excise revenues are expected to be down A$330 million on estimates for 2024-25, with 2025-26 predicted to be down A$380 million.
Australian already has one of the world’s highest alcohol excise taxes and it was increased yet again on 5 August 2024 to A$103.89 per litre for spirits and as much as A$61.32 per litre for beer.
The CPI increase was the 75th tax hike on alcohol since automatic indexation was introduced by Paul Keating in August 1983, in his first Budget as Treasurer.
Bootlegging has been another by-product of the surging tax burden. The ATO estimates that in the 2022-23 tax year it lost A$800 million due to contraband alcohol.
Victorian police, for example, uncovered a billion-dollar liquor substitution racket in April
...More info on site
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EU: Grain exports drop 30% in 2024/25 so far
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From the beginning of the current season (July 1, 2024) to December 15, the EU countries exported 15.5 million tonnes of grain and its
...More info on site
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France: Winter barley area estimated 0.8% lower in 2025
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The French Ministry of Agriculture has given the first estimate of sown areas for the next calendar year’s grain harvest. Soft winter wheat is
...More info on site
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India: India's antitrust body raids AB InBev, Pernod Ricard offices
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India's antitrust body has raided some offices of alcohol giants Pernod Ricard and Anheuser-Busch InBev as it investigates accusations of price collusion with retailers in a southern state, sources familiar with the matter said.
Wednesday's surprise raids by the Competition Commission of India (CCI) targeted offices in the city of Hyderabad, and some retailers in nearby Telangana state, the five sources said, in one of the biggest such industry crackdowns in recent years.
The sources spoke on condition of anonymity as they were not authorised to speak to the media.
In a statement, AB InBev, which makes Budweiser beer, said, "While we cannot comment on the specifics, we take antitrust compliance very seriously. We are working together in collaboration with the authorities."
Pernod, maker of brands such as Chivas Regal, said in a statement it complies with Indian laws and is cooperating with the authorities on the matter.
The CCI did not immediately respond to a request for comment on the matter, but its rules require details of raids and investigations in price collusion to be kept confidential until the conclusion of cases.
The biggest previous crackdown in the beer industry, in 2018 saw raids on Carlsberg, AB InBev and United Breweries in an investigation
...More info on site
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Belgium: Flemish red-brown beers to get European protection label
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Flemish red-brown beers, like Rodenbach, will soon get a European protection label. The beer is already recognised as a regional product, but the European label will further protect the way it is brewed and its origin. It is also an important quality label. Flemish red-brown beer is only brewed in eight breweries in West Flanders, VRT reported on December 19.
An application has now been submitted to the European authorities to grant ‘Flemish red-brown beer' so-called Protected Geographical Indication (PGI) status. This European recognition is given to agricultural products and foodstuffs that are typical of a certain region. It protects its origin, the way it is produced and thus also its taste. As a result it is also an important quality label.
Flemish agriculture minister Jo Brouns (Christian democrat) is confident that the application will be approved. ‘Flemish red-brown beer is a unique type of beer characteristic of West Flanders. It is only brewed at a limited number of locations, in Roeselare, Tielt, Kortrijk, Kortemark and Ichtegem. The national authorities examined all conditions were met before the application was sent to the European commission. Recognition by the European authorities would be a nice confirmation of the quality work done by the
...More info on site
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South Korea: Terra beer’s cumulative sales exceeded 5.08 billion bottles
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Hite Jinro, a liquor manufacturer such as Hite Beer and Chamisul, announced on the 18th that its beer brand Terra's cumulative sales exceeded 5.08 billion bottles, Mael Business Newspaper reported on December 18.
An official from Hite Jinro said, "Terra, which was released in March 2019, was sold a total of 5.08 billion bottles (330 ml) as of the 20th of last month," adding, "This is enough to fill about 671 Olympic-standard swimming pools."
Terra has been steadily attracting attention since its launch. The repurchase rate was high as it went viral that it was refreshing and good for the throat. Terra Light, which was released in July this year, is also loved by consumers.
An official from HiteJinro explained, "Terra Light uses malt produced in Australia with clean air, and it invests four times more time than when extracting regular beer when extracting beer. We put beer in a transparent bottle to make it look visually light, and expressed a light feeling by marking the product name in a 'cobalt blue' color label to make it feel fresh."
According to Nielsen Korea, a research company that researches markets in various industries, Terra Light ranked first in sales of Wright beer in major hypermarkets
...More info on site
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India: India’s Ministry of Beer opens its newest outpost in Goa
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India’s Ministry of Beer (MOB), one of the first craft breweries to open in Delhi, has opened its newest outpost in the coastal region of Anjuna, marking its official debut in Goa and expanding its presence beyond the National Capital Region, Asia Brewers Network reported on December 16.
The three-level brewery and dining space, which opened its doors recently, aims to merge craft beer innovation with a contemporary culinary approach, all set against the relaxed yet energetic backdrop of one of India’s most popular beach destinations.
The ground floor features the central microbrewery and bar, where patrons can choose from an array of handcrafted beers, each designed to reflect MOB’s signature brewing ethos.
This level, with its sleek yet comfortable design, invites visitors to enjoy informal gatherings, tastings, and casual meetups. Above it, the first floor offers a space dedicated to music, equipped with a DJ setup and dance floor to cater to the city’s vibrant nightlife culture.
According to management, the emphasis on music is intended to create an atmosphere that aligns with Anjuna’s reputation as a hub for parties and live events.
The highlight of the new establishment is the open-roof terrace which is designed to host a mix of events, from laid-back
...More info on site
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