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E-Malt.com Newsletter 15a
April 07 - April 09, 2025
Quote of the Week
The good life is a process, not a state of being. It is a direction, not a destination.
Carl Rogers
Currency Rates
Base Currency: US Dollar
on April 09, 2025 |
Base Currency: Canadian Dollar
on April 09, 2025 |
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1 USD = 0.9133 EUR
1 USD = 0.7829 GBP
1 USD = 1.4199 CAD
1 USD = 1.6616 AUD
1 USD = 146.9550 JPY
1 USD = 5.9417 BRL
1 USD = 85.8452 RUB
1 USD = 7.3242 CNY
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1 CAD = 0.7042 USD
1 CAD = 0.5513 GBP
1 CAD = 0.6431 EUR
1 CAD = 1.1700 AUD
1 CAD = 103.4800 JPY
1 CAD = 4.1839 BRL
1 CAD = 60.4489 RUB
1 CAD = 5.1575 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Taxable beer removals shipments down in the first two months of this year
...Click here
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Canada: Head of Molson Coors Canada wants Canadians to understand what 'Brewed in Canada' means amid U.S. brand confusions
...Click here
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USA, TX: Oak Highlands Brewery to move their production facility and taproom to Richardson’s Lockwood District
...Click here
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USA, MA: BearMoose Brewing Company getting ready to close
...Click here
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USA, CO: Backacre Beermakers to close after 15 years of operation
...Click here
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China: Tsingtao Brewery sees 1.8% increase in net profit in 2024
...Click here
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Vietnam: Sabeco targets 8% growth in net profit this year
...Click here
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Japan: Brewers Asahi and Suntory put off bond issuance plans due to global market volatility
...Click here
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Bulgaria: Brewers invest nearly $45 mln in beer and malt production in 2024
...Click here
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EU: Strong pace of spring barley seeding improves prospects of better crop this year
...Click here
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Australia: Demand for barley remains weak in Australia
...Click here
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Argentina: Barley prices benefiting from steady presence of feed barley demand from Saudi Arabia
...Click here
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Nigeria: Guinness Nigeria extends majority shareholder’s mandatory takeover offer
...Click here
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France: Axéréal and the Domaine national de Chambord inaugurate a new craft brewery
...Click here
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The Netherlands: Dutch brewers rally against US beer import duties, seek resolution
...Click here
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The Czech Republic: Czech beer culture eyes UNESCO listing
...Click here
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Graph of the Week
Table of the Week
Europe Beer Production by Country 2021 - 2024s
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
07 April
1348 - Prague University, 1st university in central Europe, formed by Charles IV
1902 - Texaco, Oil Company forms
1927 - First long-distance public television broadcast (from Washington, D.C., to New York City, displaying the image of Commerce Secretary Herbert Hoover)
1933 - Prohibition in the United States is repealed for beer of no more than 3.2% alcohol by weight, eight months before the ratification of the XXI amendment
1948 - World Health Organization forms by U.N.
1964 - IBM announces the System/360
1969 - The Internet's symbolic birth date: publication of RFC 1
1999 - The World Trade Organization rules in favor of the United States in its long-running trade dispute with the European Union over bananas
08 April
1862 - John D. Lynde patents aerosol dispenser
1904 - John R Hicks is born, British economist (Nobel 1972)
1908 - Harvard University votes to establish the Harvard Business School
1946 - Electricite de France, the world's largest utility company, is formed as a result of the nationalisation of a number of electricity producers, transporters and distributors
09 April
1799 - Income Tax introduced in UK
1957 - The Suez Canal in Egypt is cleared and opens to shipping
2007 - Apple Computer unveils the revolutionary iPhone
Agenda
April 2025:
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 (Paris, France)
13 - 15: International Beer Strategies Conference 2025 (Prague, the Czech Republic)
16 - 17: Copenhagen Beer Festival 2025 (Copenhagen, Denmark)
16 - 18: Cerveza Mexico Expo 2025 (Expo Guadalajara, Jalisco, Mexico)
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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USA: Taxable beer removals shipments down in the first two months of this year
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United States’ Beer Institute on April 3 published an unofficial estimate of taxable removals shipments by beer brewers for February 2025.
February 2025 estimate of 10,300,000 barrels represents a decrease of 14.9% compared to February 2024 removals of 12,104,263.
Shipments in the first two months of this year are down 11.9% to 20,850,000 barrels.
The March 2025 taxable removals estimate is scheduled to be released on May 8, 2025.
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Canada: Head of Molson Coors Canada wants Canadians to understand what 'Brewed in Canada' means amid U.S. brand confusions
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The head of the Canadian arm of Molson Coors Beverage Co. is hoping consumers and policymakers understand what it means for a drink to be “brewed in Canada” as they make decisions on buying Canadian products during the trade war with the United States, Yahoo Finance reported on April 7.
Chantalle Butler, president of Molson Coors Canada, said not having the right information about which products are Canadian and which are American could have ripple effects across the country and thus undermine the goal of “buying Canadian.”
“In this time of people wanting to make decisions to support Canadians, it’s our responsibility to make sure that … they actually understand what it means to be brewed in Canada,” she said during an event at the Canadian Club Toronto last week.
Molson Breweries, now part of the Canada-U.S. multinational corporation Molson Coors Beverage, is Canada’s second oldest company, behind Hudson’s Bay. The company dates back to 1786, when North America’s oldest beer brewery was founded in Montreal. Molson Canadian, first brewed in 1959, remains one of Canada’s most iconic beer brands.
While Molson Breweries merged with U.S.-based Coors Brewing in 2005, the company remains partially Canadian-owned and is now one of the world’s largest beer
...More info on site
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USA, TX: Oak Highlands Brewery to move their production facility and taproom to Richardson’s Lockwood District
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After ten years in Lake Highlands, Oak Highlands Brewery will move their production facility and taproom to Richardson’s Lockwood District later this year, Advocate Lake Highlands reported on April 3.
“We have some big news to share. The rumors have been floating around for a while, but now it is official,” the company announced via social media.
Final touches are being made at the new location, a stand-alone building at the northwest corner of Central Expressway and Beltline Road, formerly home to Happy Hippie Brewing. It is surrounded by Communion Coffee and Coworking, Dream Café, Lockwood Distilling Company and other local eateries, with rooftops and businesses nearby to add customers day and night. Alamo Drafthouse and more shops sit directly across Beltline Road.
“OHB has enjoyed an amazing ten years just six miles East in the Lake Highlands area,” OHB officials added on social media. “This opportunity allows OHB to move from an industrial park into a high-traffic retail area that is still a convenient drive for our loyal, beer enthusiasts while also creating outstanding exposure to the DFW area at our new location.”
Beer enthusiasts won’t be the only ones sad to see OHB relocate. The facility has hosted many Lake Highlands events
...More info on site
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USA, MA: BearMoose Brewing Company getting ready to close
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A brewery just north of Boston is shutting down, Boston Restaurant Talk reported on April 4.
According to a source, BearMoose Brewing Company in Everett is getting ready to close, with a Facebook post from the place saying the following:
“It is with heavy hearts that we announce BearMoose Brewing will be closing its doors. Our final day of operation will be April 19. This decision comes after much reflection and is due to a mix of unfortunate business circumstances that made it difficult to continue operating in the way we had always envisioned....While we're closing for now, who knows what the future holds? We're keeping the door ajar--just in case there are a few pints to fill in the future.”
BearMoose first opened in the summer of 2019, moving into an old machine shop space on Revere Beach Parkway; the place includes a taproom and has focused on taproom sales of beer to-go, including cans and crowlers.
The address for BearMoose Brewing Company is 1934 Revere Beach Parkway, Everett, MA, 02149.
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USA, CO: Backacre Beermakers to close after 15 years of operation
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A small brewery that had been based in Vermont before moving to Colorado announced April 3 that it will be closing after 15 years of operation, Burlington Free Press reported on April 5.
Backacre Beermakers began in Weston with a particular focus on one product, its Sour Golden Ale. The beer, sold in bottles, was barrel-fermented and aged for more than a year.
Backacre left its origins for Denver in 2022. The family business that referred to itself as a “blendery” was operated by John Donovan of Weston and Erin Donovan and Matthew Baumgart of Denver.
“We thoroughly enjoyed making our beer,” Erin Donovan is quoted in a news release as saying. “In our 15 years in business, we produced 17 blends. Creating our blends was always a special process and we learned so much over the years."
In an email exchange with the Burlington Free Press, Erin Donovan said the trio decided now was the moment to step away from Backacre Beermakers.
“We gave it our all and are proud of what we accomplished,” she wrote. “But it was just the right time for us to step away.”
Vermont beer aficionados reacted quickly on April 3 to Backacre’s announcement. Commentors on the Vermont Craft Beer
...More info on site
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 EU: Malt exports 2024/25 slipping further downward
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Current malt exports in crop-year 2024/25 trail 2022/23 volumes by 2.7%, RMI Analytics said in their early April report.
One month ago, the decline
...More info on site
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World: Total alcohol volumes fall by 1% in 2024
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Total beverage alcohol (TBA) volumes fell by 1% last year, but spirits outperformed beer and wine, according to IWSR Drinks Market Analysis data.
IWSR noted
...More info on site
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China: Tsingtao Brewery sees 1.8% increase in net profit in 2024
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In its latest report for 2024, Tsingtao Brewery Co., a leading beer manufacturer in China, highlighted a net profit of RMB 4.34 billion, marking
...More info on site
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Vietnam: Sabeco targets 8% growth in net profit this year
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Ho Chi Minh City-based brewer Sabeco, controlled by Thai Beverage, aims to achieve a net profit of VND4.83 trillion ($187.37 million) this year, an
...More info on site
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Japan: Brewers Asahi and Suntory put off bond issuance plans due to global market volatility
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Japanese brewers Asahi and Suntory have decided to put off plans to issue yen-denominated bonds, the companies said, in the wake of global market
...More info on site
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World: Barley crop 2025 forecast up 0.6 mln tonnes
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Global barley crop’24 estimate is unchanged at 142.3 mln tonnes, while crop’25 prospects have improved by 0.6 mln tonnes to 144.6 mln, RMI Analytics
...More info on site
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Bulgaria: Brewers invest nearly $45 mln in beer and malt production in 2024
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Bulgarian brewers invested nearly 80 million levs ($44.9 million/40.9 million euro) in beer and malt production in 2024, which was 40% more compared to
...More info on site
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EU: Strong pace of spring barley seeding improves prospects of better crop this year
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With Europe’s spring barley seeding at a very strong pace, the prospects for a better crop result improve. As a result, RMI Analytics’ barley
...More info on site
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Australia: Demand for barley remains weak in Australia
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The barley demand situation remains weak in Australia, and Chinese beer volumes are rumoured to be dramatically lower (3-5%) which would explain the reduction
...More info on site
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Argentina: Barley prices benefiting from steady presence of feed barley demand from Saudi Arabia
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There is strong underlying support for barley prices in Argentina, led by a steady presence of demand for feed barley from Saudi Arabia where
...More info on site
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 Germany: Hop farmers reducing fields amid surplus
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In response to a significant surplus of hops in Germany, many hop farmers are taking action by clearing portions of their fields. This decision
...More info on site
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Nigeria: Guinness Nigeria extends majority shareholder’s mandatory takeover offer
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Guinness Nigeria Plc has extended its majority shareholder’s mandatory takeover offer (MTO) to April 18, according to a regulatory filing on April 4. This suggests the volume of shares taken up from the total offer has not met the company’s target, with a thin gap between the offer and the market price, MarketForces Africa reported on April 5.
Last month, N Seven, the new single largest shareholder of Guinness Nigeria, offered to take out minority interest at N81.60. The move followed its successful acquisition of a 58.02% controlling stake in Guinness Nigeria Plc. The company share price has been flattish at N80 in the equities market.
Due to a bearish display, the Nigerian Exchange’s All-Share Index dipped 15 basis points week on week to close at 105,511.89 points. N-Seven seeks to acquire 481,362,887 ordinary shares of Guinness via the open market offer made at N81.60, but the offer on the table has been extended to April 18.
According to the terms of the offer, shareholders can opt to tender all or part of their shares by submitting an Acceptance Form during the offer window, which runs from 14 March 2025 to 4 April 2025.
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France: Axéréal and the Domaine national de Chambord inaugurate a new craft brewery
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On April 1, 2025, the Brasserie de Chambord—a craft brewery focused on producing beers from locally grown, low-carbon barley and French hops—was officially inaugurated in the presence of local and national stakeholders, Inside Beer reported.
Located near the historic Château de Chambord, the new facility is the result of a partnership between the agricultural cooperative Axéréal and the Domaine national de Chambord.
The idea for the brewery originated with Axéréal, one of France’s largest agricultural cooperatives, which has long championed the barley-malt-beer value chain. With over 11,000 member farmers, Axéréal is committed to sustainable, regenerative, and lowcarbon agriculture. The group plays a key role not only in grain collection but also in malting, holding a majority stake in Boortmalt, the world’s second-largest malt producer with operations across five continents. The malt used in the Brasserie de Chambord is produced locally at Boortmalt’s site in Issoudun, Centre-Val de Loire—one of the most energy-efficient malthouses in Europe, equipped with a large solar thermal power plant and a unique water recycling system.
Through its dual role as grain supplier and malt processor, Axéréal ensures complete traceability and consistent quality in the brewery’s raw materials. The cooperative’s direct involvement in the establishment of the Brasserie
...More info on site
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The Netherlands: Dutch brewers rally against US beer import duties, seek resolution
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The Nederlandse Brouwers has expressed significant concern over the recent announcement by the United States to impose a 20 per cent import duty on beer imports from the European Union, Caliber.az reported on April 5.
This new tariff, which includes beer in Annex 1 of the list of products subject to a 25 per cent duty on aluminum, is seen as detrimental to both sides, according to Meint Waterlander, director of the Nederlandse Brouwers.
Waterlander stressed that the introduction of these tariffs would create a "lose-lose" situation both socially and economically, particularly for Dutch brewers. He pointed out that the US is a key export market for the Netherlands, with 40 per cent of the country’s total beer exports being shipped across the Atlantic. As a result, the added duties could have significant ripple effects across various sectors, including farming, brewing, logistics, catering, and port services, all of which contribute to the Dutch beer export industry.
“The US announcement to impose 20 per cent import duties on all EU products will be a loser on both sides, socially and economically,” Waterlander remarked. “But the big concern for the Dutch Brewers Association is mainly that beer has been added to Annex 1, the list
...More info on site
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The Czech Republic: Czech beer culture eyes UNESCO listing
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Going to a pub several times a week to meet friends, media consultant Gabriela Galetkova hopes Czech beer culture - which is taking a hit as bar visits dip - will be internationally recognised, Daily Journal reported on April 5.
"I won't buy beer to drink at home. For me, Czech beer culture is about meeting people in a typical Czech pub," the 54-year-old told AFP in a Prague bar serving the trademark Pilsner lager with thick froth.
While many beer drinkers in the central European country are turning away from pubs, often to save money, Czech beer professionals are seeking listing by UNESCO among the world's cultural heritage as a possible boost.
Czech beer culture deserves a place on the UN agency's intangible heritage lists owing to its "global reputation", said Tomas Slunecko, head of the Czech Beer and Malt Association.
"Wherever you go in Europe or the world, people ask you about Czech beer," the former diplomat told AFP.
If Czech beer culture gets listed by UNESCO, it will be the world's second after Belgium, listed in 2016 - which according to Slunecko "really boosted the reputation of local beer making, not only inside Belgium but also abroad".
The Czech culture ministry already put
...More info on site
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