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E-Malt.com Newsletter 05a
January 27 - January 29, 2025
Quote of the Week
Don't judge each day by the harvest you reap but by the seeds that you plant.
Robert Louis Stevenson
Currency Rates
Base Currency: US Dollar
on January 29, 2025 |
Base Currency: Canadian Dollar
on January 29, 2025 |
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1 USD = 0.9585 EUR
1 USD = 0.8038 GBP
1 USD = 1.4397 CAD
1 USD = 1.5993 AUD
1 USD = 155.5270 JPY
1 USD = 5.8827 BRL
1 USD = 97.8909 RUB
1 USD = 7.2503 CNY
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1 CAD = 0.6945 USD
1 CAD = 0.5582 GBP
1 CAD = 0.6657 EUR
1 CAD = 1.1107 AUD
1 CAD = 108.0140 JPY
1 CAD = 4.0855 BRL
1 CAD = 67.9852 RUB
1 CAD = 5.0353 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Barley production forecast to rebound by 0.7 mln tonnes
...Click here
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USA & Belgium: Belgian beer expected to generate revenue of $3.3 bln this year in the US
...Click here
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USA, OH: Lockport Brewery to open second location in New Philadelphia
...Click here
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USA, MN: Foremost Brewing Cooperative to close its doors at the end of February
...Click here
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USA, CO: Incantation Brewing shuts down, closing two locations
...Click here
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USA, CT: Middletown’s Stubborn Beauty Brewing closing its doors
...Click here
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USA, MN: Fair State Brewing Cooperative to close down its St. Paul production facility
...Click here
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USA, CO: Guanella Pass Brewing Company to close for good on February 2
...Click here
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USA, CT: Problem Solved Brewing Company announces closure at the end of March
...Click here
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World: Diageo under pressure to achieve its growth goals
...Click here
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Ghana: Diageo to sell entire stake in Guinness Ghana to Castel Group
...Click here
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World: Diageo rules out Guinness sale following reports on possible offload
...Click here
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Germany: Krombacher sees drop in beer sales in 2024
...Click here
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Australia: Barley crop expected to be up in 2025 if area planted is maintained or even increased
...Click here
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France: Malting barley prices steadily down since peak in May 2022
...Click here
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India: AB InBev to establish new manufacturing plant in Uttar Pradesh
...Click here
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The Czech Republic: Budejovicky Budvar brews record volume, increases beer export in 2024
...Click here
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The Netherlands: Royal Swinkels to stop brewing at its Brouwerij De Molen in the Netherlands
...Click here
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Europe: Beer market declines 4.4% in the four weeks to December 29
...Click here
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Austria: Austria to increase deposit on beer bottles
...Click here
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Graph of the Week
Table of the Week
Australia Hops Area, Yields, and Production 2017-2024s
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
27 January
1880 - Thomas Edison patents electric incandescent lamp
1888 - National Geographic Society organizes
1926 - 1st public demonstration of television by John L Baird, London
2006 - Western Union discontinues its Telegram and Commercial Messaging services
28 January
1878 - 1st telephone exchange (New Haven, CT)
1878 - Yale Daily News published, 1st college daily newspaper
1998 - Michelangelo's "Christ & the Woman of Samaria", sold for $7.4 million
29 January
1886 - 1st successful gasoline-driven car patented, Karl Benz, Karlsruhe
1986 - 193.8 million shares traded in NY Stock Exchange
1988 - United Airlines Boeing 747SP, circles world in 36h54m15s
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)
24 - 24: Beer Experience 2025 (Antwerp, Belgium)
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)
21 - 23: St Malo Craft Beer Expo 2025 (St Malo, France)
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)
11 - 13: Barcelona Beer Festival 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:
01 - 01: World Beer Cup 2025 (Indiana Convention Center, Indianapolis, IN, USA)
12 - 13: European Malt Supply Summit 2025 (https://rmi-analytics.com/event/european-regional-summit-paris-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)
13 - 15: Brewing Summit 2025 (Palm Desert, CA, USA)
22 - 23: Beervana 2025 (Wellington, New Zealand)
September 2025:
04 - 06: Stockholm Beer & Whisky Festival 2025 (Stockholm, Sweden)
13 - 14: Bruges Beer Festival 2025 (Bruges, Belgium)
15 - 19: Drinktec 2025 (Munich, Germany)
20 - 05 October: Oktoberfest 2025 (Munich, Germany)
27 - 29: Whisky Live Paris 2025 (Paris, France)
October 2025:
09 - 11: The Great American Beer Festival 2025 (Denver, USA)
16 - 17: Brew Asia 2025 (Bangkok, Thailand)
November 2025:
10 - 12: 15th Iberoamerican VLB Symposium Brewing & Filling Technology (Parana, Brasil)
13 - 15: Drink Technology India 2025 (Bombay Exhibition Centre, Mumbai, India)
December 2025:
03 - 05: Drink Japan 2025 (Makuhari Messe, Japan)
News Articles
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Canada: Barley production forecast to rebound by 0.7 mln tonnes
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A rebound in Canada’s barley production is forecast at +0.7 mln tonnes to 8.8 mln for crop’25 on a return to long-term average yields,
...More info on site
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USA & Belgium: Belgian beer expected to generate revenue of $3.3 bln this year in the US
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U.S. sales of beers brewed in Belgium are expected to generate revenue of $3.3 billion this year, according to statista.com. That may seem like a huge amount, but many, and likely most, American consumers are unfamiliar with prized Trappist beers and other beers brewed in the small European country.
The U.S. beer market is huge, so the unfamiliarity may be understandable. Revenues from all beers sold in the USA this year are expected to exceed $133 billion, statista says.
Many Americans got their first tastes of Belgian-brewed beer after Stella Artois was imported into the USA. The lager was first introduced in 1999, says Pennsylvania importer LT Verrastro. The beer is now owned by Anheuser-Busch and brewed for Americans in the United States.
The influential website Beer Advocate says Stella Artois is “okay” and gives it a 72 grade on a 100-point scale, a score far below many of Belgium’s highest-rated beers.
Belgium’s Trappist beers score 93 and higher and are designated as “outstanding” and “world-class.” Brewed at abbeys, the country’s five Trappist beers are Chimay, Rochefort, Westvletern, Westmalle and Orval. All except Westvleteren can be bought at U.S. retail stores.
“Belgium's beer market is unique due to its long-standing brewing traditions and the presence
...More info on site
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USA, OH: Lockport Brewery to open second location in New Philadelphia
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Bolivar's Lockport Brewery will be expanding into New Philadelphia, opening a second location in the former Five Barrel Bullet Brewing Co. building near Harry Clever Field sometime this spring, Times Reporter said on January 27.
The new business will be at 1690 E. High Ave.
"We're calling it the Pilot Brewhouse," said Lauren Marburger, who owns the business with her husband, Andrew. "There's two parts to that name. In the brewing world, a smaller brewhouse where you test out batches is called the pilot brewhouse. And then we're here right at Harry Clever Field, on the airstrip."
The Marburgers purchased the building after Five Barrel Bullet Brewing closed in the summer of 2024.
The couple had been looking to expand their business.
"It was important for us to stay in Tuscarawas County for several reasons. This is where we were raised, we live here, we have our family here and we thought reaching into the county a little bit further was an exciting opportunity," she said.
The Pilot Brewhouse will sell beer brewed at both the Bolivar and New Philadelphia locations. "The two breweries will work together. This brewery will purchase beer from Lockport in Bolivar. We will sell it here under that Lockport name. People
...More info on site
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USA, MN: Foremost Brewing Cooperative to close its doors at the end of February
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Another southern Minnesota brewery is closing its doors, Bring Me The News reported.
In a Facebook post on Monday, January 27, Foremost Brewing Cooperative in Owatonna announced its final day will be Friday, Feb. 28.
"This decision comes after careful consideration of our financial situation and several months of challenging business conditions," the post reads. "While we are immensely proud of what we've built together – the friendships formed, the memories made, and the unique brews Terrence has created – we must face the reality that continuing operations is no longer sustainable."
The brewpub will still host its annual BobFest on Feb. 22 and plans to remain open as supplies allows for one final week afterwards.
Anyone interested in buying the business is encouraged to inquire, according to the closing announcement. The property itself is listed by Colliers.
Other southern Minnesota breweries to close recently include Chaotic Good Brewing in Kasson and Mankato Brewery.
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USA, CO: Incantation Brewing shuts down, closing two locations
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Incantation Brewing at 4233 South Buckley Road in Aurora and Incantation Beer and Coffee at 415 South Cherokee Street in the Baker neighborhood announced on January 24 that it will close its doors during the weekend.
Saturday, January 25, will be the final day of coffee and beer service at its Denver taproom. The Aurora location is already marked on Google as permanently closed.
Sean Guerrero originally opened the Aurora taproom as Jade Mountain Brewery & Tea House in 2021, nabbing our Best of Denver pick for Best New Collaborative Brewery the following year. But in February 2024, Guerrero rebranded as Incantation, adding a heavy metal edge to the concept. He debuted the Baker location in the former Field and Forest space last August.
In a lengthy post on the brewery's website, Guerrero says the decision is the result of years of struggles at both Incantation and Jade Mountain.
In his statement, Guerrero notes that the seeds of the brewery were planted ten years ago while in China and that he opened “with the goal of creating something truly unique. I wanted to create something that no one had ever seen or tasted before.”
The first iteration of Jade Mountain was forged in a teahouse
...More info on site
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USA, CT: Middletown’s Stubborn Beauty Brewing closing its doors
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Stubborn Beauty Brewing in Middletown is closing its doors.
An emotional announcement was made Sunday, January 26 on social media.
The brew house is located at 180 Johnson St.
"We were going to say with great sadness — but that’s not true — -It's with great memories that we were always able to brew what we chose to and beyond humbled that you all actually enjoyed what went from our minds, to paper and eventually into your glass," the owners said.
They then added, "Stubborn will be closing its doors on February 2nd."
The plan is to be open Saturday. Feb 1 and Sunday, Feb 2.
"A lot of the original crew will be working the last day and we’d love to raise a glass in appreciation to all of you for making this a fantastic 10-year-long chapter in this crazy book," the owners said.
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USA, MN: Fair State Brewing Cooperative to close down its St. Paul production facility
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Fair State Brewing Cooperative is scaling back in a significant way.
In a memo sent to staff, obtained by Bring Me The News and confirmed by an employee, the brewery says it has continued to face "headwinds" after exiting Chapter 11 bankruptcy last summer. It will now close down its St. Paul production facility, a move that will include layoffs.
"We plan to sell our assets, transfer the lease to a third party, and wind down over the coming months," the letter from CEO Evan Sallee states, adding that the change will only impact its production facility and not its Minneapolis taproom.
Representatives for Fair State Brewing Cooperative did not respond to a request for comment.
The taproom and its small-batch brewery will remain open, according to the memo, as will Chef JohnMichael Lynch's Farina Rossa pizza counter, which recently began serving food in the taproom.
Lynch tells Bring Me The News that the changes won't impact Farina Rossa's taproom service.
Sallee's memo adds that Fair State will "create partnerships" to handle "large-scale production" of its most popular beers in an effort to keep them available outside of the taproom. "Favorites like Pils, Mirror Universe, and others will still be available year-round," the letter states.
While
...More info on site
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USA, CO: Guanella Pass Brewing Company to close for good on February 2
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Another popular brewery is set to close its doors in Colorado, and its one that's loved by locals and travelers, alike, Denver Gazette reported on January 28.
According to a social media post, Georgetown's Guanella Pass Brewing Company will be closing its doors at the end of business on Sunday, February 2. Its sister restaurant, Silverbrick Saloon, will close as well.
The brewery also used the announcement post to thank patrons who took part in the spot's "wonderful journey" over recent years. A specific reason for the closure was not provided. It's worth noting that the brewery was highly-rated, at 4.7 stars on Google Reviews.
Guanella Pass Brewing Company first opened in Georgetown in 2017, eventually expanding with a taproom in Empire in 2020 that stuck around until 2023. With Georgetown's location along I-70, the brewery was a popular spot for travelers looking for a break.
The closure of Guanella Pass Brewing Company follows multiple brewery closures in Colorado that have been announced in recent weeks. One notable closure was that of FH Beerworks in Colorado Springs, which had its beers on tap and in cans around the Pikes Peak region.
The craft brewing industry has been struggling nationwide in recent months, as rising production
...More info on site
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USA, CT: Problem Solved Brewing Company announces closure at the end of March
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A East Windsor brewery announced plans to shut its doors within the next two months and cited the decision to close up shop due to various challenges, CTPost reported on January .
Problem Solved Brewing Company, located at 2 North Rd. #4, said it will close at the end of March in a Facebook post.
"Many factors have gone into our decision but mainly the balancing of our full time jobs, family and the demands of the brewery have become increasingly challenging," the post said. "That coupled with the uncertain economy, changing market and signing of a lengthy lease just doesn’t make sense on paper at this time."
The post thanked the brewery's patrons and staff while also saying that they would let the public know "if things change" from the anticipated March closure. It also added all involved in the business were "looking forward" to "life's next chapter."
Co-Founder Alan Bukowinski said in a statement to CT Insider that the business' lease ends in April and anyone interested in buying any equipment should contact the brewery.
"We would love to sell the equipment and have someone take over the space provided they reach an agreement with the landlord," Bukowinski said. "We have really enjoyed
...More info on site
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 Turkey: Roasted malt imports up 139% in 2024
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In 2024, Turkey’s import of roasted malt increased by 139% to 109 thousand tonnes, rising for the third year in a row after three
...More info on site
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Vietnam: Sabeco posts 5.6% in 2024 net profit
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Ho Chi Minh City-based brewer Sabeco, controlled by Thai Beverage, posted a net profit of VND4.49 trillion ($179.2 million) in 2024, up 5.6% year-on-year,
...More info on site
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World: Diageo under pressure to achieve its growth goals
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Diageo's new finance chief Nik Jhangiani is under pressure to row back on the spirits giant's medium-term sales goals next week, which some investors
...More info on site
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Ghana: Diageo to sell entire stake in Guinness Ghana to Castel Group
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Diageo has announced plans to sell 80.4% shareholding in Guinness Ghana Breweries plc to Castel Group for $81 million (€77.7 million).
Diageo added that it
...More info on site
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World: Diageo rules out Guinness sale following reports on possible offload
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Diageo does not intend to sell its beer brand Guinness or its stake in Moet Hennessy, LVMH's drinks unit, the world's top spirits makers
...More info on site
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Germany: Krombacher sees drop in beer sales in 2024
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Krombacher, one of Germany’s largest brewers, saw a drop in beer sales hit overall revenues last year, the brewery reported earlier in January.
The privately-owned
...More info on site
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Australia: Barley crop expected to be up in 2025 if area planted is maintained or even increased
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As barley harvest is mostly wrapped up for crop’24 in Australia, focus shifts toward the prospects surrounding crop’25. Although early, the moisture received over
...More info on site
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France: Malting barley prices steadily down since peak in May 2022
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Since the price peak in May 2022, French Creil malting barley prices have steadily declined. This drifting lower in prices has occurred while the
...More info on site
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India: AB InBev to establish new manufacturing plant in Uttar Pradesh
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Anheuser-Busch InBev (AB InBev), the makers of Budweiser beer, will establish a new manufacturing plant in Uttar Pradesh, Food & Beverage News reported on
...More info on site
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The Czech Republic: Budejovicky Budvar brews record volume, increases beer export in 2024
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Czech Republic’s Budejovicky Budvar brewed a record 1.927 mln hl of beer in 2024, up 3.3% versus 2023, Inside Beer reported on January 16.
This
...More info on site
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The Netherlands: Royal Swinkels to stop brewing at its Brouwerij De Molen in the Netherlands
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Dutch brewery giant Royal Swinkels intends to wind up production at its craft Brouwerij De Molen in the Netherlands, amid rising competition and declining
...More info on site
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Europe: Beer market declines 4.4% in the four weeks to December 29
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The European beer market showed weakness with a decline of 4.4 percent in the four-week period ending December 29. This is according to Nielsen
...More info on site
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Austria: Austria to increase deposit on beer bottles
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Austria is set to increase the deposit on beer bottles, marking the first hike in 40 years for this key component of its recycling system. Beginning February 2, 2025, the deposit will rise from the previous 9 cents to 20 cents per bottle. This change reflects growing concerns over the return rates of reusable glass bottles, which have dropped significantly, The Pinnacle Gazette reported on January 26.
The increase in deposit will particularly affect beer crates, which will now require a total deposit of seven euros for 20 bottles, combining 4 euros for the bottles themselves and 3 euros for the crate, according to reports from the Austrian Brewers Association.
"Consumers will not face disadvantages as they’ll be encouraged to appreciate glass and return it to the recycling loop," said Karl Schwarz, chairman of the Austrian Brewing Association, highlighting the need to reinvigorate the public's mentality around bottle returns.
Since the start of the year, Austria has also implemented deposits on single-use plastic bottles and drinks cans, which has resulted in mixed reactions among the public. Brewery representatives, like Josef Sigl from Upper Austria, expressed concerns over the declining willingness of Austrians to return their beer bottles.
"We’ve observed unfortunately, the return rates have
...More info on site
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