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E-Malt.com Newsletter 08b
February 20 - February 23, 2025
Quote of the Week
The only way to discover the limits of the possible is to go beyond them into the impossible.
Arthur C. Clarke
Currency Rates
Base Currency: US Dollar
on February 21, 2025 |
Base Currency: Canadian Dollar
on February 21, 2025 |
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1 USD = 0.9564 EUR
1 USD = 0.7922 GBP
1 USD = 1.4204 CAD
1 USD = 1.5678 AUD
1 USD = 150.0500 JPY
1 USD = 5.7120 BRL
1 USD = 88.7791 RUB
1 USD = 7.2664 CNY
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|
1 CAD = 0.7039 USD
1 CAD = 0.5576 GBP
1 CAD = 0.6732 EUR
1 CAD = 1.1036 AUD
1 CAD = 105.6230 JPY
1 CAD = 4.0207 BRL
1 CAD = 62.4930 RUB
1 CAD = 5.1150 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Barley supply estimated at 9.4 mln tonnes in 2024-25
...Click here
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Canada, BC: Booze baron Anthony von Mandl buying Surrey-based Central City Brewers & Distillers Ltd.
...Click here
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USA, MI: Brew Detroit production moving to Marshall
...Click here
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USA, CT: Future of No Worries Brewing Company remains uncertain after abrupt closure last year
...Click here
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World: Beer giants leaning into premium craft brews and non-alcoholic options
...Click here
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UK: Number of active breweries down 5.5% in January versus start of 2024
...Click here
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Vietnam: Beer industry celebrates 2024 results, expected to flourish in 2025
...Click here
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India: India’s leading brewers to invest over Rs 3,500 crore in capex this year
...Click here
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World: Barley production levels down for both crop 2024 and 2025
...Click here
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EU: Barley crop forecast remains at 57.5 mln tonnes
...Click here
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Ukraine: Beer and cider account for more than 90% of Ukraine’s low-alcohol drinks market
...Click here
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EU & UK: Carlsberg issues notes for a principal amount of EUR 4 bln and GBP 500 mln
...Click here
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UK: English malt plans could be 'devastating' for Scotch whisky, Scotland’s Rural Affairs Secretary warns
...Click here
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UK: Sout experiencing surprising rise in UK beer market
...Click here
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Australia: Sydney Brewery to increase production with Rocks Brewing takeover
...Click here
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Bulgaria: Carlsberg Bulgaria now canning its own beer
...Click here
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Graph of the Week
Table of the Week
Asia Barley Imports, Production, Consumption, and Stocks
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
20 February
1768 - 1st American chartered fire insurance company opens
1811 - Austria declares bankruptcy
1848 - Edward H. Harriman is born in Hempstead. By age 50 he commands the Union Pacific and Southern Pacific railways, making him one of the most powerful railroad barons in the world
21 February
1914 - The Hong Kong Stock Exchange (formerly the Association of Stock Brokers in Hong Kong) is established
1947 - Edwin H. Land, founder of Polaroid Corp., demonstrates the instant camera to 650 scientists assembled at the annual meeting of the Optical Society of America
1988 - Peter Kalikow purchases New York Post from Rupert Murdoch for $37.6 million
22 February
1923 - Transcontinental airmail service begins
1989 - New York Lotto pays $26.9 million to one winner
2006 - Apple's iTunes store sells its 1 billionth song
23 February
1886 - Aluminum manufacturing process developed
1886 - London Times publishes world's 1st classified ad
1965 - Michael Dell is born. He later drops out of the University of Texas at Austin to found Dell Computer Corp. with the radical idea of assembling made-to-order computers
Agenda
February 2025:
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 - 09: 15th International Trends in Brewing 'Beer & Society' 2025 (Leuven, Belgium)
06 - 08: Planete Biere 2025 (Paris, France)
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)
06 - 06: The Melbourne Royal Australian International Beer Awards 2025 (Melbourne, Australia)
08 - 11: Wiener Bierfest 2025 (Vienna, Austria)
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)
July 2025:
03 - 04: The CIBD Sustainability in Brewing Conference 2025 (Nottingham, UK)
18 - 19: London Craft Beer Festival 2025 (London, UK)
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:
04 - 06: Brussels Beer Challenge 2025 (Belgium)
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 supply estimated at 9.4 mln tonnes in 2024-25
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For 2024-25, Canadian barley supply is estimated at 9.4 million tonnes (Mt), down 3% from last crop year due to lower production from smaller
...More info on site
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Canada, BC: Booze baron Anthony von Mandl buying Surrey-based Central City Brewers & Distillers Ltd.
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B.C. booze baron Anthony von Mandl is scooping up Surrey-based Central City Brewers & Distillers Ltd. out of creditor protection, bettering eight other potential buyers with a bid value that was not made public.
Von Mandl's Mark Anthony Group Inc. is the official buyer, according to court documents that approved the sale Tuesday.
The transaction is set to close on Feb. 28.
"Anthony is picking it up, and he's completely capable," Central City's longtime owner, Darryll Frost, told BIV. "I'm sure he's going to turn it into something rather wonderful."
Von Mandl's Midas touch with alcohol ventures is legendary.
He first gained fame for creating, with staff, in 1996 what von Mandl called the world's first spirit cooler: Mike's Hard Lemonade. He sold the drink across Canada and then reformulated it into a same-named malt beverage to distribute in the U.S. three years later.
His Mission Hill Estate Winery is the jewel of the dozens of wine brands that he owns, as it sits on prime Okanagan real estate with an iconic bell tower modelled after one in California created by one of von Mandl's mentors: Robert Mondavi. Through the years he has bought wineries such as Liquidity, Cedar Creek Estate Winery
...More info on site
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USA, MI: Brew Detroit production moving to Marshall
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After closing its taproom last month, Brew Detroit announced that its beer would be brewed across the state after a Livonia-based beverage company acquired the business, FOX 2 Detroit reported on February 19.
Production is moving to the Dark Horse Brewery in Marshall after the acquisition by Benchmark Beverage. This comes after Brew Detroit said that its focus would be on beer production moving forward.
The backstory:
Auday Arabo, the president of Benchmark, said the plan is to continue brewing Cerveza Delray, YumTown, Campin' Beer, and Cloud 19. He said a dark version of Cerveza will also be available year-round.
"There shouldn't be any changes. If anything, hopefully we can even make the beer a little better," he said, adding that a brewer from the Detroit location is moving to Marshall. "We kept the staff that really wanted to move to the Marshall facility. We kept the sales people as well. So, there should be no change whatsoever."
Benchmark's portfolio includes numerous liquor brands. The company, which is owned by Lipari Family investment company LKI, also oversees ROAK Brewing Co. and Dark Horse Brewery, both now brewed in Marshall. Moving forward, Brew Detroit's beers will be brewed and sold at Dark Horse Brewery.
"We
...More info on site
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USA, NC: Bearwaters Brewing to reopen in Canton
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It's a decision that's been nearly five months in the making after severe storms flooded out Canton's Bearwaters Brewing multiple times over the past three years, WLOS reported on February 21.
While the choice has been made to reopen, the location will feature a new look and focus.
When Bearwaters reopens, owners said the beer won't be brewed on-site any longer, but rather, at Greenman Brewing in Asheville, then transported to Canton, enabling the facility to have more emphasis on outdoor recreation.
"Shifting the focus of the building into that I think, makes a lot of sense," said Kevin Sandefur.
He and partner Art O’Neil thought they might be out of the water after reestablishing their brewery following Tropical Storm Fred's flooding in the summer of 2021; but then came Helene.
"The volume of water and the damage that was done here was a lot more significant than Fred," Sandefur said.
Helene swamped their business, again.
"At one time we had north of 90 employees full-time here and now, we're down to 26," he said.
Sandefur said after two flood insurance claims in three years, he and his business partner had to pose and consider key questions.
"Can we operate this business with any degree of confidence that we
...More info on site
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USA, CT: Future of No Worries Brewing Company remains uncertain after abrupt closure last year
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The future of Hamden’s No Worries Brewing Company remains uncertain after it abruptly closed its doors late last year, surprising many loyal customers and community members and sparking a search for answers, Stamford Advocate reported on February 21.
On Oct. 25, No Worries Brewing Company posted a concert flyer on its Facebook page for a musician who was set to perform at the State Street brewery that night. But a week later, the business' manufacturer permit for beer was "made inactive," according to the state Department of Consumer Protection.
The brewery also ceased operations around that time without any prior public announcement, customers said.
Since then, No Worries' phone number and website have been deactivated and its social media accounts have gone dark, offering no updates or explanations.
Google lists the establishment as "temporarily closed," while Yelp users reported the business had "closed," but neither review service indicated if or when it would reopen.
No Worries did not respond to emailed requests for comment, nor did it reply to messages sent to its Instagram and Facebook accounts.
No Worries' sudden shutdown and ensuing silence has confused many former patrons and fueled speculation about its future. It has also irked some of the brewery's exclusive club members
...More info on site
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World: Beer giants leaning into premium craft brews and non-alcoholic options
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Beer giants are leaning into premium craft brews and non-alcoholic options as traditional brands aim to keep up with rising inflation and shifting consumer
...More info on site
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UK: Number of active breweries down 5.5% in January versus start of 2024
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The UK now has 100 fewer breweries than a year ago despite “strong demand for independent beer”, according to the Society of Independent Brewers
...More info on site
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Vietnam: Beer industry celebrates 2024 results, expected to flourish in 2025
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Vietnam’s beer industry had a 2024 worth celebrating and is expected to flourish in 2025 following a hangover period caused by the COVID-19 pandemic,
...More info on site
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India: India’s leading brewers to invest over Rs 3,500 crore in capex this year
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India's largest brewers-United Breweries, AB InBev and Carlsberg-said they will invest over Rs 3,500 crore to set up breweries in India in 2025, the
...More info on site
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World: Barley production levels down for both crop 2024 and 2025
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Barley production levels are reduced a minor extent in RMI Analytics’ latest report, as globally crop’24 drops to 141.4 mln tonnes (-0.4 mln), on
...More info on site
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EU: Barley crop forecast remains at 57.5 mln tonnes
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The French crop’25 winter barley rating has slipped to 68% Good & Excellent versus 71% a year ago when crop’24 was a challenging year.
...More info on site
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Ukraine: Beer and cider account for more than 90% of Ukraine’s low-alcohol drinks market
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Monitoring of the low-alcohol drinks market in Ukraine indicates significant changes in the sector, which are due to both global trends and the peculiarities of domestic consumption, agronews.ua reported on February 20.
By 2015, beer was the undisputed leader, covering 90% of the market. The remaining 10% was accounted for by other categories of low-alcohol beverages, which were mainly consumed by women and people who did not prefer beer.
However, since 2015, the market has been experiencing a “cider boom”. New products such as Apps and Garage have quickly gained popularity and have taken 30–40% of the segment, pushing other low-alcohol beverages out of the market. Today, the main competition is between beer and cider, while the share of classic low-alcohol beverages continues to decline.
The low-alcohol drinks market in Ukraine is controlled by two main companies:
New Products Group – 66%
Obolon – 33%
The war significantly affected production indicators. In March 2022, Obolon produced only 6,5% of the volume of the same period in 2021, but a gradual recovery began in April. After a temporary downtime in March 2022, the New Products Group resumed the production of bottled water and energy bars, and in April-May it returned to full-fledged production of low-alcohol beverages.
Ukrainian producers
...More info on site
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EU & UK: Carlsberg issues notes for a principal amount of EUR 4 bln and GBP 500 mln
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Carlsberg Breweries A/S successfully placed on February 19 the following bonds:
• 2-year EUR notes in floating rate format for a principal amount of EUR 850m with a coupon of 3-month Euribor + 40 basis points
• 4.5-year EUR notes in fix rate format for a principal amount of EUR 1,000m with a coupon of 3.00%
• 7-year EUR notes in fix rate format for a principal amount of EUR 1,000m with a coupon of 3.25%
• 10-year EUR notes in fix rate format for a principal amount of EUR 1,150m with a coupon of 3.50%
• 14-year GBP notes in fix rate format for a principal amount of GBP 500m with a coupon of 5.50%
The notes have been issued under the company’s Euro Medium Term Notes (EMTN) programme and will be listed on the regulated market of the Luxembourg Stock Exchange.
The proceeds of the offering will be used to repay bank debt associated with the acquisition of Britvic plc and general corporate purposes.
Carlsberg met strong interest during the transaction with more than 90 investors joining calls with the Company and peak orderbooks for the bond offering north of EUR 20bn, equivalent split across the tenors.
BNP PARIBAS, Danske Bank, Nordea, SEB, Société Générale and UniCredit acted as joint bookrunners.
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UK: English malt plans could be 'devastating' for Scotch whisky, Scotland’s Rural Affairs Secretary warns
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Scotland’s Rural Affairs Secretary is to challenge the UK Government over plans industry leaders insist could be “very damaging for the reputation of single malt whisky”, Yahoo News UK reported on February 20.
Mairi Gougeon confirmed she will raise the issue with Westminster in the wake of an outcry over its proposed definition of English single malt whisky.
It comes as the UK Department for the Environment, Food and Rural Affairs (Defra) is considering making an application for protected geographic status for English single malt.
This proposes defining English single malt as being made from “UK grain at an English distillery using water local to the distillery”.
The Scotch Whisky Association (SWA) however has protested that this “only requires distillation at the single distillery location and not the creation of the spirit from malted barley at a single site”.
The SWA said: “This is entirely inconsistent with the reputation of single malt whisky, which is famous for its integral connection to place, and would undermine the single malt Scotch whisky category.
Its spokesperson added: “It would be very damaging for the reputation of single malt whisky from the UK, and by extension single malt Scotch whisky, if English whiskies were allowed to describe spirit as
...More info on site
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UK: Sout experiencing surprising rise in UK beer market
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Stout is experiencing a surprising rise in the UK beer market, defying broader industry trends with a surge in popularity since the Covid-19 pandemic. While overall beer sales in the UK have declined, stout has seen a strong upswing, driven by media coverage, social media trends, and shifting consumer preferences, Vinetur reported on February 20.
According to IWSR, a global authority on beverage alcohol data, stout volumes in the UK grew by 24% between 2019 and 2023, with a 12% increase in 2023 alone. This contrasts sharply with the overall UK beer market, which saw a 6% decline over the same period. Stout, premium-plus world lagers, and no-alcohol beers are the only beer segments currently experiencing growth. Initially, IWSR projected a 6% volume increase for stout in 2024, but given recent trends, these figures may be revised upward. Between 2023 and 2028, stout is expected to grow at a compound annual growth rate (CAGR) of 2%, even as the broader beer market is predicted to shrink at a CAGR of -1%.
The recent surge in stout's popularity can be attributed to several key factors. One major driver is the changing demographic of stout drinkers. Younger consumers of legal drinking age have returned
...More info on site
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Australia: Sydney Brewery to increase production with Rocks Brewing takeover
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The Schwartz Family Company (SFC), which owns Sydney Brewery, has acquired the Rocks Brewing Company, including its productions facilities and restaurant/bar in Sydney’s Alexandria, Beer & Brewer reported on February 18.
Rocks Brewing entered into voluntary administration in October 2024. It will now be incorporated into the operations of Sydney Brewery, with the brewery and restaurant re-branded as Sydney Brewery Alexandria, complementing Sydney Brewery Surry Hills and the Sydney Brewery production facility at Lovedale in the Hunter Valley.
SFC director Dr Jerry Schwartz said that after a difficult 2024 that saw multiple breweries enter voluntary administration, the increase in the Sydney Brewery facilities was a good-news story for the industry.
“Last year was a very difficult year for the craft brewing industry, but Sydney Brewery bucked the trend, and we have been urgently seeking extra capacity to produce our craft beers,” said Dr Schwartz.
“Our Sydney Brewery and restaurant in Surry Hills has been very popular and we believe that we can make Sydney Brewery Alexandria similarly popular with locals and visitors. We will be looking to sell the remainder of the Rocks Brewing stock and then start producing the Sydney Brewery range from the Alexandria site.”
The brewing capacity at Sydney Brewery is set
...More info on site
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Bulgaria: Carlsberg Bulgaria now canning its own beer
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For the first time ever, Carlsberg Bulgaria is canning its own beer — thanks to technology from KHS, Food Processing reported on February 21.
The making of beer has been a long tradition in Bulgaria. Back in 1882, brewer Franz Milde opened what’s now one of Bulgaria’s oldest breweries in the city of Shumen in the east of the country. Nationalised in 1944, Shumensko Pivo, as the company called itself, produced around 350,000 hectolitres of beer per year in the 1960s — in part with the aid of a filling system imported from the former German Democratic Republic. Re-privatised in 1999, Shumensko became part of the Carlsberg Group in 2002 — together with Pirinsko Pivo, which was established in 1967. Based in Blagoevgrad, near the border with North Macedonia and Greece, this company was already brewing around 400,000 hectolitres of beer per year by 1980.
In 2004, the two entities merged under the name of Carlsberg Bulgaria to create one of the country’s leading beverage companies. Today, the two sites jointly fill well over two million hectolitres of beer per year. This output includes two local traditional beers: Pirinsko, the leader on the domestic market, and Shumensko, the country’s third most popular
...More info on site
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