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E-Malt.com Newsletter 02a
January 06 - January 08, 2025
Quote of the Week
Success is dependent on effort.
Sophocles
Currency Rates
Base Currency: US Dollar
on January 08, 2025 |
Base Currency: Canadian Dollar
on January 08, 2025 |
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1 USD = 0.9630 EUR
1 USD = 0.7988 GBP
1 USD = 1.4332 CAD
1 USD = 1.5982 AUD
1 USD = 157.8730 JPY
1 USD = 6.1025 BRL
1 USD = 106.9540 RUB
1 USD = 7.3252 CNY
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1 CAD = 0.6977 USD
1 CAD = 0.5573 GBP
1 CAD = 0.6719 EUR
1 CAD = 1.1150 AUD
1 CAD = 110.1430 JPY
1 CAD = 4.2575 BRL
1 CAD = 74.6182 RUB
1 CAD = 5.1106 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Imported beers outperform domestic brands for the first time in 2024
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USA: Imported beers outperform domestic brands for the first time in 2024
...Click here
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USA, IL: Funkytown Brewery planned near development around Chicago’s United Center
...Click here
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USA, MT: Two new brewery, distillery hoping to bring more people to north side of Billings
...Click here
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USA, NY: Spotted Octopus Brewing coming to Rochester this spring
...Click here
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USA, MI: Brew Detroit to close taproom, focus on production and distribution
...Click here
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USA, NJ: Ashton Brewing closes for good amid financial struggles
...Click here
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World: US and Brazil driving growth of world's non-alcoholic beverage sector
...Click here
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Malaysia: Beer sales expected to increase this year
...Click here
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France: People drinking more beer and less wine in France
...Click here
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The Netherlands: Heineken losing market share in its Dutch home market
...Click here
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Romania: Average per capita beer consumption drops in 2023
...Click here
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Sri Lanka: Sri Lankan beer consumers pay over 70% of retail price in taxes
...Click here
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UK: Guinness to open a new microbrewery in the UK this year
...Click here
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India: Heineken-owned United Breweries stops supplying beer to Telangana over pricing
...Click here
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Europe & Asia: Molson Coors appoints new president and CEO of its EMEA & APAC region
...Click here
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Taiwan: Taiwan to launch anti-dumping investigation into imports of low-priced Chinese beer
...Click here
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Graph of the Week
Table of the Week
Canada Malt Exports and Imports 2012 - 2024
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
06 January
1978 - 1st postage stamp copyrighted by US (Carl Sandburg stamp)
1994 - Dow-Jones hits record 3803.88
07 January
1714 - Typewriter patented by Englishman Henry Mill (built years later)
1782 - 1st US commercial bank, Bank of North America, opens in Philadelphia
1995 - Murray Newton Rothbard economist, dies of cardiac arrest at 69
08 January
1675 - 1st American commercial corporation chartered (New York Fishing Co)
1889 - Dr Herman Hollerith receives 1st US patent for a tabulating machine (1st Computer)
1964 - European Parliament accept Mansholt Plan
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: Imported beers outperform domestic brands for the first time in 2024
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US beer drinkers have traditionally favoured American-brewed beers. However, according to new data released by online research data and analytics group YouGov, imported beers outperformed domestic brews in 2024 for the first time in terms of popularity (not tangible sales), The Drinks Business reported on January 3.
The gigantic YouGov survey, which harvests the opinion of 24 million US consumers, measures the ‘popularity’ of a product in terms of consumer awareness, brand perception and loyalty.
In this case, a beer’s popularity score was calculated by ascertaining the total number of consumers who “have heard of” a product, and then assessing the proportion of people who view that product “positively”.
The vast research project, carried out continually with results published every 90 days, reveals that the top three most popular beers in the US in Q3 of 2024 were Guinness, Modelo and Corona.
In fourth place sat Heineken.
It is not until fifth place that an American beer makes an appearance in the popularity rankings. Samuel Adams, the flagship product of the Boston Beer Company, outranked the likes of Budweiser, Coors and Miller. Described by its branding team as “approachable, complex, and smooth with the perfect balance of caramel malt sweetness and spicy hop bitterness”, Samuel
...More info on site
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USA: Craft beer index flat to end 2024
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The National Beer Wholesalers Association (NBWA) reported a “slightly cautious outlook” for distributor sentiment at the end of 2024 based on similar readings for
...More info on site
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USA: Imported beers outperform domestic brands for the first time in 2024
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On Thursday, January 2, Pabst Brewing Company announced a new contract brewing agreement with Anheuser-Busch InBev, according to a report from Brewbound. Starting in the first quarter of 2025, the San Antonio-based brewery will begin using AB InBev’s several production facilities to contract brew many of its beloved beer brands.
The news arrives just after Pabst’s nearly two-decades-long contract brewing agreement with Molson Coors ended in December 2024. When the contract’s end date was made public in 2019, the Blue Ribbon manufacturer announced that it had sealed a similar arrangement with City Brewing set to continue through 2040 to offset the loss in Molson Coors production. The La Crosse, Wisc.-based company stands as one of the largest contract brewers in the U.S. with facilities in Wisconsin, Pennsylvania, Tennessee, and California.
Since Pabst closed its Milwaukee brewing facility in 1996, the beverage company has brewed its iconic brands — including Pabst Blue Ribbon, Old Milwaukee, Old Style, Lone Star, and Stroh’s — at third-party plants. In a press release, Pabst announced that the new AB InBev deal will allow for “greater supply chain flexibility and improved efficiencies,” going on to note that City Brewing’s facilities will still “continue to produce significant volumes” for
...More info on site
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USA, IL: Funkytown Brewery planned near development around Chicago’s United Center
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As the owners of the NBA’s Chicago Bulls and NHL’s Chicago Blackhawks ready a $7 billion real estate development around their United Center arena, one of the nation’s few Black-owned craft beer companies is drawing up a new brewery and taproom nearby, CoStar reported on January 3.
Funkytown Brewery has a contract to buy a vacant, two-story industrial building at 1931 W. Lake St., with plans to convert the site into the company’s first stand-alone facility for brewing, distributing and selling beer, CEO and co-founder Rich Bloomfield told CoStar News.
The local brewery’s vision for the property, including an outdoor beer garden, comes amid changes for both the U.S. craft beer industry that's consolidating after years of explosive growth, and the neighborhood around the basketball and hockey arena.
The Lake Street building is just north of the arena whose owners — the Wirtz family, which owns the Blackhawks, and the Reinsdorfs, owners of the Bulls — in July unveiled plans for a sprawling mixed-use redevelopment of a sea of surface parking lots and other land that they own on the city’s Near West Side.
The development will include a music hall, thousands of apartments, hotel rooms, retail space, restaurants and other amenities. It is
...More info on site
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USA, MT: Two new brewery, distillery hoping to bring more people to north side of Billings
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Two new players in the booze business in the hopes of bringing more people to the north side of Billings, KTVQ reported on January 4.
In December, 1889 Brewing Company opened at 204 N. 13th St. An expanded distillery, Undammed Distilling Company, opened its new location at 116 N. 11th St. in September. The distillery originally operated out of Thirsty Street Brewing Company for several years and moved into the EBURD for more production and distributing space.
“When we moved here, we knew that it was going to be a destination where people came because they wanted to come, but the reality is the move was really about production," said Undammed owner Allen Hodges.
Hodges distills five spirits using local ingredients and water from the Yellowstone River, a fact he emphasizes and values. A portion of the sales are donated to river conservation organizations. All of the bottles are labeled with a Wendell Berry quote that reads, "Do unto those downstream as you would have those upstream do unto you."
"Because what we do affects other people. What other people do affects us," said Hodges. "We need to be thankful for the people that have gone before, and we need to be responsible to
...More info on site
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USA, NY: Spotted Octopus Brewing coming to Rochester this spring
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A new brewery is coming to Rochester in the spring. The Buffalo-based Spotted Octopus Brewing is expanding to South Union Street, near the Strong Museum of Play, Spectrum Bay News 9 reported on January 7.
It's the former location of Roc Brewing Co. The site has been empty since Roc Brewing closed in October 2023.
The owners of Spotted Octopus say customers can expect to enjoy their signature craft brews and vibrant atmosphere in a refreshed space.
They say they are scheduled to open the Rochester location in mid-March. Updates will be posted on their social media accounts.
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USA, MI: Brew Detroit to close taproom, focus on production and distribution
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Brew Detroit, a longtime fixture in Corktown, announced it will close its taproom on January 31. The brewery, which started as a contract brewer in 2014, shifted to a community-focused taproom in 2015. Moving forward, Brew Detroit will focus solely on beer production and distribution, according to Detroit Free Press.
Brew Detroit recently announced the closure of its Corktown taproom after a decade of serving the community. The company expressed gratitude, stating, "it has been our honor and privilege to serve the Corktown and Detroit community for the last decade," and reflected on the connections formed, noting, "we sought to offer a variety of exceptional beers, what we found was community, through the exceptional people who decided to fill our space and collaborate with us over the years." This closure comes amid broader economic challenges in Michigan’s craft beer industry, with several other breweries, including Ascension Brewing Co. in Novi, also closing in 2024, as stated by ClickOnDetroit.
Brew Detroit, known for brewing Stroh's Bohemian lager and Kid Rock's Badass American Lager, is closing its taproom at 1401 Abbott St. The space, which featured a second-floor event area and a farm-to-table kitchen added in 2022, will host a release party
...More info on site
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USA, NM: Marble Brewery announces new ownership
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Marble Brewery announced a group led by New Mexico beer experts and Albuquerque residents finalized an agreement and secured funding to purchase the brewery, KRQE reported on January 3.
Once the sale is closed, former Santa Fe Brewing Company VP of Sales and Marketing, Jarrett Babincsak, and former Santa Fe Brewmaster, Bert Boyce, will be the new owners.
“Bert and I have long-admired Marble. We are humbled to lead this organization and excited to be investing in Albuquerque. Albuquerque is uniquely real and grounded in its identity and has incredible potential. Marble has an expansive reach, unique spaces and culture, and talented people. We will continue to connect, build community, support live music and arts, and put money and energy back into Albuquerque,” Babincsak wrote in a press release.
The sale will close when the new group is issued liquor licenses, which they expect to have secured within the next ninety days. In the interim, the group and Marble will work closely together under a management agreement.
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USA, NJ: Ashton Brewing closes for good amid financial struggles
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A popular brewery in Central Jersey has closed its doors after struggling to recover from the COVID-19 pandemic, New Jersey 101.5 reported on January 7.
Ashton Brewing on Lincoln Boulevard in Middlesex Borough permanently closed on Dec. 29 just before the new year.
The owners, Steve and Donna Ashton, say they've received an outpouring of support.
"It tugs at us because we feel bad that we're gonna miss them too. It's hard to let it go, it's been emotional," Donna said.
The Ashtons opened their family business on March 27, 2020. They had their license and were ready to welcome customers with full tanks when New Jersey and the country shut down.
The brewery just missed the window for federal assistance. Forgivable loans through the Paycheck Protection Program were only offered to businesses open before Feb 15, 2020.
No one sat at the bar until 18 months later in September 2021. And they still had to pay the business's fixed costs with zero revenue.
"It ate up everything," Stephen Ashton said.
Plans for renovations on the building like a second bathroom fell through. And there was no money for marketing their new business.
While Ashton Brewing doesn't have a place to welcome customers right now, the owners aren't ready
...More info on site
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World: US and Brazil driving growth of world's non-alcoholic beverage sector
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The non-alcoholic beverage sector is poised for significant expansion, with projections indicating an increase exceeding $4 billion by 2028. This growth is predominantly driven
...More info on site
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Malaysia: Beer sales expected to increase this year
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Beer sales in Malaysia are expected to increase this year, says an investment bank despite the recent US Surgeon General calls for cancer warnings
...More info on site
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France: People drinking more beer and less wine in France
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Sales of wine to consume at home in France continue to fall despite the New Year festivities and the traditional glass of Champagne enjoyed
...More info on site
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The Netherlands: Heineken losing market share in its Dutch home market
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Heineken is losing market share in its Dutch home market, with its sales and profits under pressure. Its major rival, AB InBev, seeks to
...More info on site
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Romania: Average per capita beer consumption drops in 2023
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The average per capita beverage consumption went up in Romania in 2023, compared to the previous year, for non-alcoholic drinks, wines and distilled alcoholic
...More info on site
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Sri Lanka: Sri Lankan beer consumers pay over 70% of retail price in taxes
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The beer consumers in Sri Lanka are effectively paying over 70 percent of the retail price of beer purely in taxes, according to research by Jafferjee Brother Securities (JBS).
According to the report, the excise duties alone account for 47 percent of the retail price of a bottle of strong beer while the Value Added Taxes make up 15.3 percent of the price.
Additionally, the income tax adds a further 6 percent, Social Security Contribution Levy accounts for 2.4 percent and a tax on dividends adds 0.5 percent.
These taxes collectively amount to a whopping 71.2 percent of the retail price when adjusted for purchasing power parity (PPP), according to the research.
“Even with the PPP adjustments, enjoying a cold one is not as chilled as it seems,” JBS commented on its findings.
However, global analytical platforms project that the revenue generated in the beer market in Sri Lanka will grow at a compound annual growth rate of 9.32 percent between 2025 and 2029.
In 2025, the local market is expected to generate approximately US $ 661.5 million in total revenues.
Accordingly, the at-home consumption, driven by the sales in supermarkets and convenience stores, is expected to amount to US $ 523.8 million and out-of-home consumption,
...More info on site
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UK: Guinness to open a new microbrewery in the UK this year
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Guinness is set to open a brand new microbrewery in England this year after major delays, The Mirror reported on January 8.
Plans for the brewery were first announced back in 2022 with plans to open just a year later, in 2023. However, the project saw some setbacks, which caused delays; one of which was the administration of the project's lead contractor, Beck Interiors, in July last year.
However, the new 50,000 sq ft microbrewery and culture hub is reportedly set to open this year - although Guinness owner Diego has yet to confirm the exact date. A spokesman for Diageo, owner of Guinness, told The Grocer Magazine in October 2024: “We remain very excited to open the doors of the Guinness Open Gate Brewery in London next year, reaching an even broader audience for Guinness than before.”
The project - which is costing the brewery £73million - will be based at the Old Brewer’s Yard in Covent Garden in London. According to Secret London, the entire space will feature numerous bars, community and events spaces, a merch store, an open-fire kitchen, and a rooftop restaurant boasting 360-degree panoramic views of the capital. Alongside this, the space will feature a massive microbrewery that
...More info on site
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India: Heineken-owned United Breweries stops supplying beer to Telangana over pricing
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Heineken-owned United Breweries on January 8 stopped supplying beer to Telangana in southern India, following the state's refusal to allow price rises, which the company said had resulted in huge losses, Reuters reported.
United Breweries, maker of India's Kingfisher brand, is the country's biggest beer company and the state of Telangana is India's biggest beer consumer.
"Despite our continuous efforts over the past two years, there has been no increase in the base prices offered for our products. This has resulted in escalating losses, making our operations in the state unviable," United Breweries said in a statement announcing the suspension of supplies.
United Breweries did not give financial details on the size of its losses.
Last May, United Breweries CEO Vivek Gupta said in an earnings call that it was owed 7-8 billion rupees in lost revenue from the south Indian state.
In response to the supply halt, Telangana's minister of Excise and Prohibition, Jupally Krishna Rao, said at a press conference on Wednesday that United Breweries had asked for a 33.1% price hike on its beer, which would "become a burden on consumers."
The minister said the state has formed an independent committee to review the price hike request. Based on its report, the government
...More info on site
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Europe & Asia: Molson Coors appoints new president and CEO of its EMEA & APAC region
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Molson Coors said on January 2 it had named Phil Whitehead, an 18-year veteran of the company and most recently its Managing Director in Western Europe, as the next president and CEO of its EMEA & APAC region, effective Jan 1, 2025.
Prior to his eight-year tenure as Managing Director of Western Europe, Whitehead oversaw Molson Coors’ supply chain functions for 12 European markets.
Above premium brands comprise over 50% of Molson Coors’ EMEA & APAC net brand revenue, and global CEO Gavin Hattersley believes Whitehead is the ideal person to lead this part of the business due to his wide-ranging expertise and ability to drive portfolio transformation.
“Notable among Phil’s accomplishments is the launch of Madri Excepcional, our most successful innovation in many years,” said Hattersley. “He has also overseen many years of growth and achievement including growing above premium brands Staropramen, Pravha and Cobra, and diversifying beyond beer with the acquisition of Aspall Cyder.”
Starting in the UK and Ireland business back in 2006, Whitehead has worked his way up the ranks over his 18-year tenure with the company.
Along with his business success, Hattersley also explained that Whitehead has the necessary leadership skills to lead
...More info on site
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Taiwan: Taiwan to launch anti-dumping investigation into imports of low-priced Chinese beer
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Taiwan’s Finance Minister Chuang Tsui-yun announced on January 2 that the government would launch an anti-dumping investigation into imports of low-priced Chinese beer, The Drinks Business reported on January 3.
Lawmakers have accused Chinese brewers exporting their products to Taiwan of engaging in unfair trade practices by receiving subsidies from the Chinese government, according to the Taipei Times.
The Taiwan Brewers Association, made up of the country’s six biggest brewers, called on the government to launch an investigation into cheap beer imports from Mainland China.
Finance Minister Chuang announced this week that the government is set to launch a probe into low-priced Chinese beer.
The proportion of the Taiwanese beer market made up of Chinese beer brands has increased from just 8% in 2015 to a current market share of 34%.
Responding to lawmakers’ questions during a hearing before the Legislature’s Finance Committee, Chuang said that she was aware that the Taiwan Brewers Association had sent out an application for an investigation. She added that the ministry would begin its inquiry within 30 days of receiving it.
According to reporting by Focus Taiwan, in those 30 days, an interagency tariff commission would be convened to investigate.
A review and investigation into the anti-dumping case would take between
...More info on site
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