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E-Malt.com Newsletter 11a
March 10 - March 12, 2025
Quote of the Week
Fortune favors the prepared mind.
Louis Pasteur
Currency Rates
Base Currency: US Dollar
on March 12, 2025 |
Base Currency: Canadian Dollar
on March 12, 2025 |
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1 USD = 0.9178 EUR
1 USD = 0.7737 GBP
1 USD = 1.4433 CAD
1 USD = 1.5909 AUD
1 USD = 147.3870 JPY
1 USD = 5.8398 BRL
1 USD = 86.3018 RUB
1 USD = 7.2463 CNY
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1 CAD = 0.6927 USD
1 CAD = 0.5360 GBP
1 CAD = 0.6358 EUR
1 CAD = 1.1021 AUD
1 CAD = 102.1000 JPY
1 CAD = 4.0455 BRL
1 CAD = 59.7844 RUB
1 CAD = 5.0198 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Spain & USA: Mahou San Miguel acquires remaining stake in Founders Brewing Co.
...Click here
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USA: January beer removals down 8.7% compared to the same month last year
...Click here
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EU & USA: EU's tariffs will be 'devastating' for spirits sector, industry says
...Click here
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USA, SD: WoodGrain Brewing Co. expanding with a second location
...Click here
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USA, VA: Old Ox Brewery in Ashburn announces it’s time for its last call
...Click here
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USA, TX: Cottonwood Creek Brewery & Smokehouse preparing for grand opening in April
...Click here
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USA, AZ: Iron John’s Brewing closes Tucson location, plans to relocate elsewhere
...Click here
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USA, MI: Loaded Dice Brewery serves its final beer in Troy
...Click here
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World: Barley crop 2024 estimate up 1 mln due to sharp increase in Australia production
...Click here
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World: Barley trade, production forecasts up for 2024/25 on large crop expectation in Australia
...Click here
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EU & UK: Barley crop forecast for 2025 unchanged at 57.5 mln tonnes
...Click here
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India: The rise of Indian single malt unshaken by Trump tariffs and whisky wars
...Click here
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Australia: Malting barley exports triple in January as compared to December
...Click here
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Graph of the Week
Table of the Week
US Beer Sales, Import, and Export 2013 - 2024
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
10 March
1862 - U.S. issues 1st paper money ($5, $10, $20, $50, $100, $500 and $1000)
1982 - President Reagan proclaims economic sanctions against Libya
1995 - Dow-Jones hits record 4035.64
2000 - The Nasdaq Composite stock market index peaks at 5132.52, signaling the beginning of the end of the dot-com boom
11 March
1702 - 1st English daily newspaper "Daily Courant," publishes
1935 - Bank of Canada opens
1986 - 187.27 million shares traded in New York Stock Exchange
12 March
1365 - University of Vienna founded
1970 - Digital Equipment Corporation introduces PDP-11 minicomputer
1986 - 210.25 million shares traded in New York Stock Exchange
Agenda
March 2025:
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 - 30: 27th Annual International Beer Strategies 2025 (Prague, the Czech Republic)
28 - 01 May: Craft Brewers Conference & BrewExpo America 2025 (Indianapolis, USA)
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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Japan & USA: Asahi looks to invest more in the USA
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Asahi Group Holdings, one of Japan’s largest drink makers, is investing more in the U.S., paying heed to President Trump’s tariff threats, which has
...More info on site
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Spain & USA: Mahou San Miguel acquires remaining stake in Founders Brewing Co.
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Spanish brewer Mahou San Miguel has acquired the remaining stake in US craft beer brand Founders Brewing Co., now owning 100% of the company,
...More info on site
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USA: January beer removals down 8.7% compared to the same month last year
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The vast majority of beer enjoyed by American drinkers is brewed, packaged, and shipped within the United States — a testament to the strength of domestic production. To track this critical segment of the industry, the Beer Institute collaborates with brewers, trade groups, and government agencies to estimate the total volume of regular beer (over 0.5% ABV) produced and sold nationwide. This data always offers a comprehensive look at beer’s footprint in the U.S. economy, revealing key trends in consumption, production, and market shifts that could shape the future of the industry, Craft Brewing Business reported on March 12.
Recently the Beer Institute published an unofficial estimate of taxable removals shipments by beer brewers for January 2025.
The January 2025 estimate of 10,550,000 barrels, for a decrease of 8.7% compared to January 2024 removals of 11,551,511.
The February 2025 taxable removals estimate is scheduled to be released on April 3.
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EU & USA: EU's tariffs will be 'devastating' for spirits sector, industry says
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Europe's spirits and cosmetics industries hit back at the European Commission's plan to slap tariffs on U.S.-made goods on March 12, saying it put the continent's far larger trade with the United States in those sectors at risk, Reuters reported.
The European Commission said it would impose tariffs on 26 billion euros ($28.31 billion) worth of U.S. goods from next month, ramping up a global trade war in response to U.S. tariffs on steel and aluminium.
The move will include the re-imposition of suspended tariffs on goods like bourbon whiskey, as well as new levies on a host of other products, with other spirits, makeup and essential oils on the list of possible targets.
Industry association spiritsEurope and French cosmetics association FEBEA said Brussels was putting European-produced goods in those sectors, which have large trade surpluses with the United States, in the firing line for retaliatory tariffs.
"There's an enormous risk that we'll find ourselves with retaliatory measures that we didn't ask for," said FEBEA Secretary General Emmanuel Guichard, who added that he has been urging Brussels for weeks to stop the tariffs from going ahead.
FEBEA, members of which include L'Oreal and Estee Lauder, said France imports around 500 million euros a year of
...More info on site
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USA, SD: WoodGrain Brewing Co. expanding with a second location
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WoodGrain Brewing Co. is expanding east, SiouxFalls Business reported on March 10.
The Sioux Falls brewery and taproom will add a second location in the building that used to be Obscure Brewing Co. at 5200 E. Grant St., a block north of Arrowhead Parkway along Foss Avenue.
Obscure closed at the end of 2024.
For WoodGrain owner Steve Hartman, it became the chance to complete an expansion his brewery first thought about in 2019, then put on hold during the pandemic.
“I grew up on the east side and still live over there, and there’s nothing for breweries,” he said. “South and west are covered, but east is empty.”
WoodGrain plans to continue its downtown location, which opened in September 2015, while taking advantage of the increased capacity the east-side space will allow.
“We’re going to put our own spin on it,” Hartman said. “We took out all the back bar cabinetry. We’re going to repaint and put up some different decor, and we’ve got new chairs, and I’m going to build an all-new back bar, and there will be TVs, so when people want to watch the game, they can come in.”
The brewery itself will allow WoodGrain to expand production.
“We’re one of the only breweries
...More info on site
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USA, VA: Old Ox Brewery in Ashburn announces it’s time for its last call
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A big blow to the local brewery scene as Ashburn’s iconic Old Ox Brewery says it’s time for its “last call” and announces its planning to close.
The word came today via a message posted on the Old Ox website.
“The time has come to say goodbye to Old Ox Brewery,” the post reads. “It has been an incredible journey these past 11 years. We’ve treasured every moment. Well, with a few rare exceptions.”
“Together, we’ve made wonderful friendships, supported our community, created some pretty darned cool experiences, and consumed an impressive quantity of delicious beer. Everything must end, though and this is our time.”
The owners say they have been looking for a buyer for the brewery, and are still open to some type of solution to keep the brand going.
But in the meanwhile, a new tenant has leased their Ashburn space on Guilford Drive near Loudoun County Parkway — and Old Ox’s last day will be Saturday, April 5.
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USA, TX: Cottonwood Creek Brewery & Smokehouse preparing for grand opening in April
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Just off Hwy. 79 in Hutto, something exciting is brewing. Cottonwood Creek Brewery & Smokehouse is preparing for its grand opening this April, promising a brewery experience unlike any other, Storytelling reported on March 8.
“We’re not just about beer,” sales representative Zachary Delmonico said. “We’ve got a full cocktail menu, wine, mocktails and a craft kitchen that serves up great food. Sure, we specialize in smoked meats, but we’re bringing our own style to the table—literally.”
Cottonwood Creek’s journey began in February 2020 with the opening of its taproom. However, when the COVID-19 pandemic hit, the brewery quickly had to adapt.
“For us to keep going, we had to serve 51% food and 49% alcohol,” Delmonico said. “People loved our food. It took off.”
That shift led to the Cottonwood Creek concept seen today—a diverse menu that extends beyond smoked meats to include fresh salads, fried dishes and their unique twist on comfort food. However, the standout feature remains the homemade Reuben sandwich.
“That’s the one,” Delmonico said. “Our go-to.”
Cottonwood Creek offers more than just great beer and food—it’s designed for a welcoming, relaxed experience. With a play area for kids, plenty of TVs and a laid-back atmosphere, it’s a place where guests can
...More info on site
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USA, AZ: Iron John’s Brewing closes Tucson location, plans to relocate elsewhere
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Over the weekend, Iron John’s Brewing permanently closed at 5350 E. Broadway Blvd. #128 — its final day was Saturday, March 8, Tucson Foodie reported.
However, as the team mentioned on social media, this isn’t a full-on goodbye. They have plans for a new location elsewhere.
“It’s just the start of something new. We’re actively exploring a new downtown location and can’t wait to share what’s next! We’re extremely grateful for all the love and support from our amazing community — thank you for being part of our journey!”
The Iron John’s team opened this particular location in October 2023. Plans to open the taproom began in early 2020 when Iron John’s Brewing Company merged with the local burger joint, Monkey Burger. In addition to the menu’s burger arsenal, their wood-fired pizzas quickly became a hit at the Broadway location.
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USA, MI: Loaded Dice Brewery serves its final beer in Troy
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Loaded Dice Brewery served its final beer last week, FOX 2 Detroit reported on March 10.
The Troy brewery shared Friday afternoon (March 7) that the business was closing immediately.
In addition to the closure of Loaded Dice, the closure of Rebuy Brewing Co. - formerly Brooks Brewing in Shelby Township - was also announced. The owners of Loaded Dice took over Brooks and rebranded the brewery several months ago.
"We gave it everything we had, holding on as long as we could, but the current market conditions have made it impossible to continue," the owners wrote in posts made on both Loaded Dice's and Rebuy's social media pages.
The posts ended with a message: "This isn't goodbye — just see ya later."
Loaded Dice had also been planning a second LD location in Clawson, but issues with the building last year had delayed that project, and it never opened.
These are just the latest in a string of recent brewery closures across the state. Last month, Blue Skies Brewery closed. The business did not cite a reason for shuttering, but directed patrons to its other unaffected locations in Jackson and the Irish Hills area.
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World: Barley crop 2024 estimate up 1 mln due to sharp increase in Australia production
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A few changes have been made in RMI Analytics’ latest global barley outlook, with a crop’24 increase of 1.0 mln to 142.4 mln tonnes
...More info on site
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World: Barley trade, production forecasts up for 2024/25 on large crop expectation in Australia
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World barley trade is forecast at 27.114 mln tonnes in 2024/25, up from 26.114 mln projected last month but still significantly lower than the
...More info on site
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EU & UK: Barley crop forecast for 2025 unchanged at 57.5 mln tonnes
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There are no changes in the EU27 + UK barley crop forecast for 2025, at 57.5 mln tonnes, but there is a small uptick
...More info on site
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India: The rise of Indian single malt unshaken by Trump tariffs and whisky wars
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The 'josh' or spirit is high for liquor companies in India, eyeing billion-dollar opportunities in the world’s second-most populous nation where consumption slowdown is troubling the economy. As alcohol sales surge amid a premiumisation boom in an economy aiming to become the world’s third-largest by 2030 and also home to some of Asia’s wealthiest individuals, another distinctly Indian success story is making waves - the rise of Indian single malt, The Economic Times reported on March 7.
Gone are the days when Scotch, Irish or Japanese whiskies only dominated Indian shelves. Homegrown single malts have become a force to reckon with, commanding prices even in lakhs and carving out a loyal consumer base, even as a large section of the Indian population enjoy freebies to ease some burden on their household expenditure.
While Indian single malt enjoys its moment in the spotlight, the industry however stares at the threat of import tax cuts on foreign whiskies and concerns over unregulated dumping. In a bid to negotiate a major trade deal with the US, India recently slashed import duties on bourbon to 50%, a pre-emptive move to reciprocal tariff pressures from US President Donald Trump. Meanwhile, the Confederation of Indian Alcoholic Beverage Companies
...More info on site
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Australia: Malting barley exports triple in January as compared to December
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Australia exported 1,094,612 tonnes of barley and 9932t of sorghum in January, according to the latest data from the Australian Bureau of Statistics, Grain Central reported on March 12.
The feed barley component of 505,548t was up slightly from the 496,335t shipped in December, while malting exports at 589,064t were more than triple the 179,282t shipped in December.
On sorghum, shipments have dwindled to a four-figure sum, down from 44,621t exported in December to mark the rundown on current-crop stocks in the closing quarter of the shipping year.
On feed barley, China on 293,882t was the major market by far, followed by Thailand on 100,606t, and Saudi Arabia on 64,930t.
China on 411,117t was also the biggest market for malting barley, followed by Mexico on 96,000t, followed by Vietnam on 35,335t, with South Africa not far behind on 30,000t.
Flexi Grain pool manager Sam Roache said December barley exports rose around 60pc from December, with excellent demand from a broad range of buyers meeting with aggressive selling from growers, especially in Western Australia, which has been powering the early program.
“The jump in export volumes is expected, as we can see it on shipping stems and have seen strong demand for a long time now,
...More info on site
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