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E-Malt.com Newsletter 41a
October 06 - October 08, 2025
Quote of the Week
If you want something you've never had, you must be willing to do something you've never done.
Thomas Jefferson
Currency Rates
Base Currency: US Dollar
on October 08, 2025 |
Base Currency: Canadian Dollar
on October 08, 2025 |
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1 USD = 0.8565 EUR
1 USD = 0.7439 GBP
1 USD = 1.3951 CAD
1 USD = 1.5163 AUD
1 USD = 151.0280 JPY
1 USD = 5.3270 BRL
1 USD = 82.2578 RUB
1 USD = 7.1192 CNY
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1 CAD = 0.7167 USD
1 CAD = 0.5331 GBP
1 CAD = 0.6138 EUR
1 CAD = 1.0867 AUD
1 CAD = 108.2410 JPY
1 CAD = 3.8178 BRL
1 CAD = 58.9538 RUB
1 CAD = 5.1023 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Constellation Brands beat quarterly profit expectations although beer sales drop
...Click here
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USA: US Distilled Spirits Council reports decline in exports volume by 9% in the three months to the end of June
...Click here
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USA, NV: Vulgar Bulgar Brewing in the works in Las Vegas
...Click here
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Canada, ON: Whitby’s Brock Street Brewing shuts down its operations
...Click here
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USA, NE: Nebraska Brewing Company closing for good after 18 years in business
...Click here
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Ghana: Guinness Ghana Breweries records strongest financial performance in its history
...Click here
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Nigeria: Beer industry growing faster in valuation this year
...Click here
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Brazil: Heineken expected to resume dispute with Ambev at antitrust watchdog
...Click here
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Central America: FIFCO shareholders approve offload of beverage and retail operations to Heineken
...Click here
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Malaysia: Brewing industry calling on government to maintain current excise duty rates
...Click here
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Japan: Asahi partially restarts production after cyber-attack last week
...Click here
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India: Craft beer maker Bira in talks to raise around $132 million in its largest-ever funding round
...Click here
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Graph of the Week
Table of the Week
Slovenia Hops Area, Yields, and Production 2021-2024
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
06 October
1781 - Benjamin Hanks patents self-winding clock
1889 - Thomas Edison shows his 1st motion picture
07 October
1806 - Carbon paper patented in London by inventor Ralph Wedgewood
1910 - Henry Ford institutes moving assembly line
1930 - 1st infra-red photograph, Rochester, NY
1996 - The Fox News Channel begins broadcasting
08 October
1846 - George Westinghouse, Jr., is born in Central Bridge, N.Y. He later invents the Westinghouse air brake, making train travel
1869 - J Frank Duryea was born, inventor of 1st auto built & operated in USA
2003 - Arnold Schwarzenegger is elected the governor of California
Agenda
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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USA: Constellation Brands beat quarterly profit expectations although beer sales drop
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Constellation Brands beat quarterly profit expectations on October 6 but reported weaker beer sales as pressure on its core Hispanic consumers and softer U.S.
...More info on site
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USA: US Distilled Spirits Council reports decline in exports volume by 9% in the three months to the end of June
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The trade association for the spirits industry in the US has warned that the current weakness in exports for its members risks putting the
...More info on site
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USA, NV: Vulgar Bulgar Brewing in the works in Las Vegas
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A new micro-brewery is in the works in Las Vegas’s Gateway District. Opening in a small, 1,500-square-foot space at 28 W Wyoming Ave, Vulgar Bulgar Brewing will offer beers brewed on site and a limited food menu in a comfortable lounge atmosphere, WhatNow reported on October 3.
“It’s going to be a small production facility, a brewpub, and a lounge with less of an industrial atmosphere, more conducive to people hanging out,” owner Assen Dragulev told What Now on Friday. “It’s an immersive experience, with the brewpub side looking into the brewery side.”
Vulgar Bulgar Brewing doesn’t intend to brew for wholesale: its brews will be available exclusively at this facility. They’ll include cold-fermented lagers and pilsners—a nod to Dragulev’s home country of Bulgaria—along with more experimental choices like barrel-aged beers, barley wines, and spiced beers.
The limited food menu and the decor will also feature nods toward home, with charcuterie boards featuring meats and cheeses from southeastern Europe and baklava for dessert. It’s a new venture for Dragulev, who has been brewing beer recreationally since 1999 and also owns a bar in New York City.
Despite being on the small side, Vulgar Bulgar Brewing will also host music events, for which a dedicated
...More info on site
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Canada, ON: Whitby’s Brock Street Brewing shuts down its operations
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Whitby’s Brock Street Brewing, which opened its downtown location with much fanfare in 2019, has shut down operations, INsauga reported on October 6.
It is unknown if there was a breakdown among the four partners or if financial issues are at the heart of the closure but the brewery portion of the business has been closed since late last week and there has been radio silence on the company’s socials.
Co-owner and spokesperson Mark Woitzik has not responded to repeated requests for comment.
There has been plenty of chatter on social media channels about the closure in the absence of any confirmation from the brewery owners. 12welve Bistro & Tapwerks, which operates a restaurant inside the building and had been exclusively serving Brock Street beer on tap, said it was “saddened” to hear that Brock Street “appears to be winding down operations.”
12welve Bistro remains open and has brought in other local beers to fill the void.
“We are and continue to be, a tenant of the building, which is independently owned and not connected to Brock Street Brewing Company operation,” said John Allen of 12welve Bistro. “While we had an exclusive arrangement to serve Brock Street Brewing products so long as they were able
...More info on site
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USA, NE: Nebraska Brewing Company closing for good after 18 years in business
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Nebraska Brewing Company is closings its doors after 18 years, Omaha World-Herald reported on October 3.
The La Vista brewery, located at 6950 S. 108th St., announced its impending closure in a Facebook post Thursday.
"18 years is a long time. We’ve made friends, family, and most importantly a community of craft beer drinkers come together for nearly two decades at Nebraska Brewing Company, but all good things, eventually, come to an end," the post said.
The brewery opened its doors in November of 2007, and in addition to offering craft beers and artisanal barrel-aged products, it offered guided tours.
No closing date has been set at this time, but more information can be found on Nebraska Brewing Company's Facebook and website.
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Ghana: Guinness Ghana Breweries records strongest financial performance in its history
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Guinness Ghana Breweries recorded its strongest financial performance in company history during the fiscal year ending June 2025, even as ownership transferred from Diageo
...More info on site
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Nigeria: Beer industry growing faster in valuation this year
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The Nigerian beer industry is growing faster in valuation this year after the sector rebounded from the crushing blow of the foreign exchange crisis
...More info on site
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Brazil: Heineken expected to resume dispute with Ambev at antitrust watchdog
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Heineken is expected to ask in the coming weeks that Brazil’s antitrust watchdog CADE reopen an investigation into Ambev for allegedly failing to comply with the agreement signed in 2023 that set limits on exclusivity contracts with bars and restaurants, sources told Valor.
The two companies are fierce competitors in the beer market, and the rivalry has intensified this year, with Ambev’s management under pressure after a sharp drop in sales volume in the second quarter.
According to sources, Heineken hired independent consulting firms to verify whether the rules of the agreement were being violated. Field research was conducted in mid-2023 in São Paulo and Rio de Janeiro, with results submitted to the CADE earlier this year. Now the group is moving forward with a new survey in São Paulo, Rio de Janeiro, and Brasília, which is expected to be delivered to the regulator by the end of this month.
People familiar with the matter said Heineken identified areas where Ambev allegedly exceeded the limits allowed under the agreement. The focus is on busy neighborhoods in São Paulo, such as Vila Olímpia and Pinheiros, as well as Rio’s South Zone.
The investigation against Ambev at the CADE was launched in March 2022 following a
...More info on site
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Russia: Retail beer sales down by 16.3% in H1 2025
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Russia’s retail beer sales fell by 16.3% in the first half of 2025, RBC reported on October 6.
January-June beer volumes are reportedly down to
...More info on site
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Central America: FIFCO shareholders approve offload of beverage and retail operations to Heineken
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The shareholders of FIFCO have authorised the offload of its beverage and retail operations in Central America to Heineken, Global Drinks Intel reported on October 8.
The US$3.2bn deal, which covers FIFCO’s assets in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and Mexico, was announced last month. The completion of the transaction remains subject to regulatory approvals and is expected to occur in the first half of 2026.
Building on a partnership between the two companies dating back to 1986, FIFCO will sell its 75% stake in Costa Rica’s Distribuidora La Florida — which runs beverage operations and around 300 retail outlets — as well as its 75% share in Nicaragua Brewing Holding (owner of 49.85% of Compañía Cervecera de Nicaragua) and its 25% interest in Heineken Panama. Heineken will also acquire FIFCO’s “beyond beer” business in Mexico and its operations in El Salvador, Guatemala and Honduras.
Following completion, Heineken and its affiliates will own 100% of Distribuidora La Florida, Heineken Panama and FIFCO Mexico, and 49.85% of Compañía Cervecera de Nicaragua. FIFCO said it is exploring “strategic alternatives” for its US unit.
Last month, Heineken began the search for a new regional lead in the Americas as Marc Busain prepared his departure
...More info on site
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Malaysia: Brewing industry calling on government to maintain current excise duty rates
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Malaysia’s brewing industry is calling on the government to maintain the current excise duty rates on beer, stressing its significant contribution to the economy and warning against the risks of fuelling illicit trade should tax rates rise, The Malaysian Reserve reported on October 8.
The Confederation of Malaysian Brewers Bhd (CMBB) comprising Carlsberg Brewery Malaysia Bhd and Heineken Malaysia Bhd had last week released the Economic Impact Assessment of the Brewing Industry in Malaysia.
The independent study, conducted by the South-East Asia Public Policy Institute in collaboration with the University of Nottingham Malaysia, highlighted the sector’s role in GDP, job creation and tax revenue.
Between 2022 and 2023, CMBB contributed an average RM7.1 billion annually to economic growth, supported 52,400 jobs, and generated RM3.3 billion in annual tax revenue.
The brewing industry accounts for 0.4% of Malaysia’s GDP and 1.5% of the nation’s total tax revenue, underscoring its strong multiplier effect across manufacturing, logistics, retail and hospitality.
“Brewers are significant contributors to Malaysia’s economy — not only through taxes but also by driving employment and industrial activity across manufacturing, logistics, retail and hospitality sectors,” said Carlsberg Brewery Malaysia MD Stefano Clini and Heineken Malaysia MD Martijn van Keulen, in a joint statement
...More info on site
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Japan: Asahi partially restarts production after cyber-attack last week
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Asahi has partially restarted production at all six of its breweries in Japan after it was forced to close them due to a cyber-attack, the BBC reported on October 6.
Several major shops in Japan including 7-Eleven and FamilyMart had warned last week that they were running low on stocks of the beer after the hack affected Asahi Group's ordering and delivery systems in the country.
Asahi is the biggest brewer in Japan, but it also makes soft drinks and food products, as well as supplying own-brand goods to other retailers.
The partially restarted breweries produce best-seller Asahi Super Dry, but the firm is also restarting plants that produce food and soft drinks.
The cyber-attack is the latest to have affected operations at major firms, with carmaker Jaguar Land Rover still struggling to recover from an attack that shut down production.
Asahi Group also owns Fullers in the UK and global brands including Peroni, Pilsner Urquell and Grolsch. However, only Asahi's operations in Japan - which account for about half its sales - have been affected by the attack.
Asahi said the re-opened beer plants in Japan were "not yet fully operational", and that two of its soft drinks factories that have partially re-opened were also
...More info on site
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India: Craft beer maker Bira in talks to raise around $132 million in its largest-ever funding round
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Indian beer maker Bira is reportedly in advanced talks to raise around $132 million in its largest-ever funding round, with New York-based Global Emerging Markets (GEM) among the potential investors, Menafn.com reported on October 8.
The proposed deal includes $50 million in equity and $82 million in structured credit, though the size of GEM's stake has not been disclosed, according to a report by Reuters.
Bira CEO Ankur Jain confirmed receiving term sheets for substantial investments through both debt and equity, but declined to reveal investor details, the report added.
The funds are expected to be used for working capital requirements, settling pending dues, and supporting business recovery and supply chain restructuring.
Founded in 2015, Bira rapidly emerged as one of India's fastest-growing beer brands, fueled by the country's evolving social drinking culture. Despite its less than 5% market share, the brand carved out a niche in a market dominated by global players such as AB InBev, Carlsberg, and Heineken.
However, regulatory hurdles have posed challenges, particularly in 2023 - 24, when a name change from B9 Beverages Pvt. Ltd. to B9 Beverages Ltd. caused significant disruptions, leading to losses of about ₹80 crore.
Bira has raised $210 million to date and was last valued at
...More info on site
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