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E-Malt.com Newsletter 39a
September 22 - September 24, 2025
Quote of the Week
Leap, and the net will appear.
John Burroughs
Currency Rates
Base Currency: US Dollar
on September 24, 2025 |
Base Currency: Canadian Dollar
on September 24, 2025 |
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1 USD = 0.8472 EUR
1 USD = 0.7398 GBP
1 USD = 1.3831 CAD
1 USD = 1.5156 AUD
1 USD = 147.6930 JPY
1 USD = 5.3149 BRL
1 USD = 83.5888 RUB
1 USD = 7.1127 CNY
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1 CAD = 0.7229 USD
1 CAD = 0.5348 GBP
1 CAD = 0.6124 EUR
1 CAD = 1.0957 AUD
1 CAD = 106.7700 JPY
1 CAD = 3.8422 BRL
1 CAD = 60.4278 RUB
1 CAD = 5.1419 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada & Mexico: Malting barley industry setting its sights on Mexican market
...Click here
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USA: Decline in hop stock an encouraging sign of industry stabilization, experts say
...Click here
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USA: Michelob Ultra overtakes Modelo Especial as the best-selling beer in the US
...Click here
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USA, PA: RiverTide Brewing getting ready to open in Morrisville
...Click here
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USA, IN: Foreign Local Brewery and Taproom set to open its doors in Hammond’s Hessville district
...Click here
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USA, TX: Faust Brewing Company closing its doors after 16 years in business
...Click here
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USA, MI: Eternity Brewing Company to close for good by the end of September
...Click here
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EU & UK: Barley, wheat production forecasts up in Coceral’s September report
...Click here
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The Netherlands & Costa Rica: Heineken to buy beverage and retail businesses of Costa Rica's Florida Ice and Farm Company
...Click here
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Germany: Landsberg family brewery to cease production at the end of this year
...Click here
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World: Molson Coors names insider Rahul Goyal as new CEO
...Click here
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India: Mount Everest Breweries enters Karnataka market through acquisition of Cheers Breweries Ltd
...Click here
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World: AB InBev agrees ‘unprecedented’ marketing arrangement with Netflix
...Click here
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Taiwan: Taiwan Customs confirms anti-dumping duties on Chinese beer, steel
...Click here
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Graph of the Week
Table of the Week
Italy Beer Market 1999 - 2024
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
22 September
1893 - 1st auto built in US (by Duryea brothers) runs in Springfield
1910 - England's 1st aircraft flight
1988 - Canada begins production of a $5 silver Maple Leaf bullion coin
23 September
1889 - Nintendo Koppai (Later Nintendo Company, Limited) is founded
1908 - University of Alberta opens
1974 - BBC Ceefax begins 1st teletext service
1991 - ABN & AMRO Dutch banks merge
24 September
1948 - The Honda Motor Company is founded
1960 - 1st nuclear-powered aircraft carrier launches (USS Enterprise)
1974 - John C. Bogle incorporates the Vanguard Group of Investment Cos. to administer - and to be owned by - the Vanguard family of mutual funds
1990 - Supreme Soviet gives approval to switch to free market
Agenda
September 2025:
27 - 29: Whisky Live Paris 2025 (Paris, France)
October 2025:
07 - 08: RMI Asia Pacific Regional Summit 2025 (Perth, Australia)
09 - 11: The Great American Beer Festival 2025 (Denver, USA)
16 - 17: Brew Asia 2025 (Bangkok, Thailand)
16 - 17: Salon du Brasseur 2025 (Parc Expo Nancy, France)
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)
15 - 18: The International Beer Cup 2025 (Osaka, Japan)
December 2025:
03 - 05: Drink Japan 2025 (Makuhari Messe, Japan)
February 2026:
05 - 06: Glug Swiss 2026 (Alte Reithalle, Aarau, Switzerland)
13 - 16: HoReCa 2026 (Athens, Greece)
15 - 17: BBTech Expo 2026 (Rimini, Italy)
27 - 01 March: Finest Spirits 2026 (Munich, Germany)
March 2026:
04 - 07: Festival Brasileiro da Cerveja 2026 (Blumenau, Brazil)
18 - 19: BeerX 2026 (Liverpool, UK)
24 - 26: RMI Global Conference 2026 (Lisbon, Portugal)
April 2026:
07 - 09: Craft Beer China 2026 (Shanghai, China)
16 - 18: KIBEX 2026 (Seoul, South Korea)
20 - 22 May: Craft Brewers Conference & BrewExpo America 2026 (Philadelphia, USA)
May 2026:
04 - 07: Worldwide Distilled Spirits Conference 2026 (EICC, Edinburgh, Scotland, UK)
04 - 07: Worldwide Distilled Spirits Conference 2026 (Edinburgh, UK)
29 - 30: Tallinn Craft Beer Weekend 2026 (Tallinn, Estonia)
June 2026:
09 - 11: Brasil Brau 2026 (Sao Paulo, Brazil)
News Articles
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Canada & Mexico: Malting barley industry setting its sights on Mexican market
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Canada’s malting barley industry is setting its sights on the Mexican market, The Western Producer reported on September 23.
It is the world’s second largest
...More info on site
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USA: Decline in hop stock an encouraging sign of industry stabilization, experts say
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A significant drop in hop stocks is another encouraging sign of industry stabilization during a decline in beer drinking and other trends, Capital Press
...More info on site
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USA, CO: Alidade Brewing opens in Castle Rock
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An Alidade is a navigation device that dates back centuries, but is still in use today. In its simplest form, it involves a ruler and telescopic sight for determining precise directions. Though rarely used today, the US Navy still has some Alidades on vessels, Thirst Colorado reported on September 19.
The word is also on a new brewery in Castle Rock, with good reason.
“It’s a symbol of intention, clarity, and movement forward,” said Alidade Brewing co-owner Bo Bontrager. “For us, it reflects how we want to operate, whether we’re brewing, building community or helping someone discover a new favorite beer.”
Alidade opened this summer in the former Burly Brewing space across the highway from the town’s namesake Castle Rock. Bontrager opened the brewery with Evan Chamberlain and head brewer Derek Waner.
Chamberlain and Waner are industry veterans who met in San Diego many years ago at the renowned Green Flash Brewing.
“(Waner) has worked in some of the country’s most respected breweries, overseeing everything from system buildouts and recipe development to contract production and team leadership,” Bontrager said. “Derek’s range and technical depth make him an ideal fit for a brewery like ours, which values both quality and versatility.”
Bontrager added that Chamberlain
...More info on site
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USA: Michelob Ultra overtakes Modelo Especial as the best-selling beer in the US
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Michelob Ultra has overtaken Constellation Brands’ Modelo Especial as the best-selling beer in the United States, CNBC reported on September 22.
Michelob Ultra claimed the top spot as the best-selling beer in retail channels in the 52 weeks ended Sept. 14, parent company Anheuser-Busch announced on September 22, citing data from Circana. The light lager is also the top seller in bars and restaurants, according to Nielsen IQ data for the 52 weeks ended July 12.
For brewer AB InBev, Michelob Ultra’s triumph reverses the company’s struggles from two years ago. Modelo Especial unseated Bud Light in the wake of conservative backlash over the flagship beer’s partnership with transgender social media influencer Dylan Mulvaney. Bud Light had previously held the title as the top-selling beer in the U.S. for more than two decades.
Modelo’s declining popularity comes as Constellation faces key challenges to its business, including tariffs on aluminum and Mexican imports and weaker demand from Hispanic consumers.
Historically, Hispanic beer drinkers have accounted for roughly half of Constellation’s customer base, although growing demand from non-Hispanic consumers helped fuel Modelo’s rise. Executives have said that President Donald Trump’s immigration policies and related job losses have weighed on Hispanic consumers’ spending.
Earlier this month, Constellation cut
...More info on site
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USA, PA: RiverTide Brewing getting ready to open in Morrisville
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Best friends and Pennsbury High School grads Frank Brill, Ken Terry and Rob Staples are getting ready to open RiverTide Brewing in Morrisville in the former Bitchin’ Kitten space, the Bucks County Courier Times reported on September 23.
“Frank’s a great brewer, Kenny’s great in the kitchen and I run a great front of the house,” said Staples. “Once we started really talking about it, we realized it was something we could do. It’s now or never. We’re just counting on one another. And it’s nice having that trust in those guys.”
The menu will feature 12 taps, including Pennsylvania wines and spirits, cocktails and mocktails, their own line of non-alcoholic options and craft beers, and delicious food options.
Customers will also be able to choose from a selection of handhelds, salads and sharables, along with kids meals served on cafeteria-style trays.
The trio hopes to officially open the space in mid-November once their liquor license is approved.
The plan is for the space to be open from 4 PM to 11 PM on Wednesdays and Thursdays, 3 PM to midnight on Fridays, 12 PM to midnight on Saturdays, and 10 AM to 8 PM on Sundays.
“I
...More info on site
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USA, IN: Foreign Local Brewery and Taproom set to open its doors in Hammond’s Hessville district
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Foreign Local Brewery and Taproom is bringing craft beer and new jobs to Hammond’s Hessville neighborhood, Northwest Indiana Business Magazine reported on September 22.
Foreign Local Brewery and Taproom, a microbrew pub and neighborhood tavern, is set to open its doors in the heart of Hammond’s Hessville district. The brewery will feature an array of different beers. It will offer traditional styles and new experimental styles of fruit beer, brewed on-site.
Foreign Local Brewery and Taproom is in the former Hose Connections building. The building was constructed in 1941 as a tavern and bowling alley.
The new brewery will create 10 to 15 new jobs for residents. Hammond Mayor Thomas McDermott praised the project as a welcome addition to the city’s growing business landscape.
“Foreign Local Brewery and Taproom is exactly the type of investment we love to see in Hammond,” McDermott said in a press release. “Hessville has a rich history and a strong sense of pride. We are thrilled Foreign Local Brewery and Taproom is reinvesting into our Hammond community.”
“We wanted to create a space where great beer meets great community,” Mike Glowacki, founder and owner of Foreign Local Brewery and Taproom, said. “Our goal is to celebrate that spirit while offering
...More info on site
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USA, TX: Faust Brewing Company closing its doors after 16 years in business
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After 16 years of serving beer, longtime New Braunfels brewery Faust Brewing Company announced it is closing its doors officially next month, according to a Facebook post, KSAT reported on September 19.
While it’s unclear what prompted the closure, Faust Brewing wrote its last beer pour will be on Oct. 31, and customers can expect “special several events” leading up to the final hurrah.
The brewery continued the announcement by thanking customers and inviting those who want to keep supporting to visit the brewery’s sister company, The Black Whale Pub, located in downtown New Braunfels.
“For those who have made Faust Brewing Company a part of your lives, we truly cannot express how grateful we are for your patronage,” the brewery said. “You are more than just customers; you are part of our extended family and we will miss you more than you know.”
The brewery said details on a final Halloween bash will be released soon.
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USA, MI: Eternity Brewing Company to close for good by the end of September
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Despite trying to secure a new owner, a popular microbrewery's time in Genoa Township is ending — for good, this time, Livingston Daily reported on September 22.
Ethan Whitesell originally announced in June that Eternity Brewing Company at 4060 E. Grand River Ave. would close in July. Over a month later, he announced he was in talks with a longtime customer interested in taking over, and would stay open until there was a final yea or nay.
Unfortunately, the answer was nay. According to a social media post shared Sept. 18, the deal fell through "due to factors outside of our (and their) control."
The microbrewery's last day in business will be Sept. 28.
"It’s certainly been a heck of a journey with Eternity," the post reads. "We want to thank everyone (who's) been a part of it throughout the years."
As the business works to clear inventory, all short, pint and mug fills will be $5 and growler fills will be $10.
Whitesell did not immediately respond to request for comment.
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EU & UK: Barley, wheat production forecasts up in Coceral’s September report
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In its fourth forecast for the 2025 crop, COCERAL estimates the total grain crop in the EU-27+UK at 306.8 million tonnes. This would be
...More info on site
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The Netherlands & Costa Rica: Heineken to buy beverage and retail businesses of Costa Rica's Florida Ice and Farm Company
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Dutch brewer Heineken said on September 22 it will buy the beverage and retail businesses of Costa Rica's Florida Ice and Farm Company for
...More info on site
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Germany: Landsberg family brewery to cease production at the end of this year
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Germany’s Landsberg family brewery will cease production at the end of this year, diesachsen.de reported on September 19.
"The developments of recent years and the outlook for the future unfortunately no longer hold any positive prospects for us," said the head of the family business, Jenny Thormann. "We will continue to produce until the end of the year and then the sale will take place."
The first beer was bottled there in March 1997 - for Thormann's 14th birthday. Today, the market is different, the brewery boss knows: "Above all, very high energy costs, a sharp decline in beer consumption and the fact that we cannot pass on the massive increase in costs in almost all areas in recent years to the necessary extent are reasons that have led us to make this decision."
Thormann had taken over the management of the brewery and the malt factory in 2019 when her father died.
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World: Molson Coors names insider Rahul Goyal as new CEO
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Molson Coors named insider Rahul Goyal as its CEO on September 22, to succeed Gavin Hattersley who retires this year, as the beer maker battles weakening demand and tariffs in the United States, Yahoo Finance reported.
Goyal, currently chief strategy officer at the Coors Light maker, is set to assume the role on October 1. He has been with the company for more than two decades, having served in roles including finance chief for the company in India.
The new CEO will be tasked with steering the company at a tough time for the industry, with alcohol consumption among American adults falling to its lowest level on record.
"Few executives know Molson Coors better than Rahul Goyal. His cross-company experience and role in pushing the brewer beyond beer position him to meet fast-changing consumer demands," said EMarketer analyst Zak Stambor.
"But with many consumers turning away from beer and alcohol altogether, guiding the company's path forward won't be easy."
Demand for alcohol in the U.S. also remains uncertain, as discretionary spending among consumers is pressured due to inflation and tariff-driven uncertainty.
The beer maker had forecast a drop in its annual profit in August, anticipating tariff impacts from the cost of aluminum it uses for its
...More info on site
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Australia: Malting barley shipments up 37% in July
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Australia exported 633,879 tonnes of barley and 400,469t of sorghum in July, according to the latest data from the Australian Bureau of Statistics.
Feed barley exports for July totalled 302,528t, down 42 percent from the 519,651t shipped in June.
China on 257,727t was the major destination for July shipped feed barley, with Japan on 33,708t followed by Thailand on 4606t the second and third-biggest markets.
On malting, July shipments at 331,351t were up 37pc from the June total of 242,034t.
China was the major destination, taking 70pc, or 233,377t, of the total, followed by Mexico on 34,800t and Vietnam on 33,109t.
Reflecting the availability new-crop out of Central Queensland, sorghum exports in July were up 68pc from the June total of 240,219t.
China on 393,611t was the destination for 98pc of July sorghum shipments, with Taiwan on 4818t and The Philippines on 1897t the second and third-biggest markets respectively for the month.
Compass Grain director Sam Roache said China-focused barley exports into July continued to track strongly, and shipping stems indicate close to 500,000t will show up for August.
“Another malting barley shipment to Mexico shows that we remain cheap enough to attract at least some of the additional demand we established over the China tariff period,” Mr
...More info on site
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India: Mount Everest Breweries enters Karnataka market through acquisition of Cheers Breweries Ltd
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Mount Everest Breweries Ltd (MEBL), part of the Associated Kedia Group, has announced its entry into Karnataka through the acquisition of Mysuru-based Cheers Breweries Ltd, Enterpreneur reported on September 10.
This move marks the company's 12th state of operations and comes with an investment of around INR 300 crore funded through internal accruals and structured debt. The outlay covers acquisition, capital expenditure and working capital.
The Cheers facility has an annual production capacity of 1.5 million hectolitres. With production beginning in the first week of September, MEBL's total capacity has expanded from 2.0 million to 3.5 million hectolitres, reflecting a nearly 75 per cent increase.
The company expects the acquisition to generate incremental revenue of INR 350–400 crore by FY28 and contribute to a 15–18 per cent topline growth over the next three to four years.
The expansion forms part of MEBL's plan to establish four key brewery hubs across the country. The Mysuru unit will reduce reliance on plants in central and northern India and ensure faster supply to markets in Karnataka, Pondicherry, Goa, Andhra Pradesh and Kerala by the third quarter of this year.
Vedant Kedia, Whole Time Director at MEBL, said, "Karnataka represents the future of India's beer culture, and our entry
...More info on site
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World: AB InBev agrees ‘unprecedented’ marketing arrangement with Netflix
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AB InBev has announced a marketing arrangement with Netflix that the brewer believes is “unprecedented in the global reach and scale of activations” across its portfolio, Global Drinks Intel reported on September 22.
The deal, announced today, will lead to co-marketing campaigns between the two for brands including Budweiser, Corona (outside of the US), Michelob Ultra and Stella Artois. Also lined up are “consumer activations, title integrations, limited-edition packaging (and) digital promotions”.
Financial details behind the multi-year partnership were not disclosed.
The co-branding aspect will feature later this year during Netflix’s ‘NFL Christmas Game Day’ coverage of two American football fixtures on Christmas Day. Also earmarked is the streaming service’s 2027 Women’s World Cup soccer tournament coverage.
The agreement is an improvement, geographically speaking, on AB InBev’s partnership for Corona Cero with the Olympic Games, which was announced at the start of last year. The alcohol-free extension of Corona, which AB InBev said at the time was available in 180 markets worldwide, is handled in the US – along with the rest of the former Modelo portfolio – by Constellation Brands.
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Taiwan: Taiwan Customs confirms anti-dumping duties on Chinese beer, steel
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Taiwan’s Customs Administration on September 24 confirmed that beer and certain hot-rolled flat steel products imported from China would continue to be subject to anti-dumping duties, adjusting the rates for specified companies starting the same day, Taipei Times reported.
The agency said imports of beer from Chinese companies would face duties of 19.13 percent to 51.94 percent and designated hot-rolled flat steel products from 16.10 percent to 20.15 percent.
Provisional duties have been in place since June, but the agency’s announcement — following the conclusion of its investigation into the unfair trading practice — confirms the factual basis of Chinese dumping in these product categories.
According to the Customs Administration, the anti-dumping duties targeting several Budweiser-affiliated breweries are set at 31.3 percent, down 2.55 percentage points from the provisional rate in June.
A Chinese brewery producing Kirin beer products was assigned a final dumping duty of 19.13 percent, an increase of 6 percentage points, while other beer manufacturers or exporters were given 51.94 percent, down 12.2 percentage points.
For designated hot-rolled flat steel products, three Chinese iron and steel companies received an anti-dumping duty of 16.1 percent, a decrease of 0.8 percentage points, and other manufacturers or exporters remained at 20.15 percent, the agency
...More info on site
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