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E-Malt.com Newsletter 50a
December 08 - December 10, 2025
Quote of the Week
The value of experience is not in seeing much, but in seeing wisely.
William Osler
Currency Rates
Base Currency: US Dollar
on December 10, 2025 |
Base Currency: Canadian Dollar
on December 10, 2025 |
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1 USD = 0.8593 EUR
1 USD = 0.7508 GBP
1 USD = 1.3846 CAD
1 USD = 1.5063 AUD
1 USD = 156.3710 JPY
1 USD = 5.4373 BRL
1 USD = 76.8288 RUB
1 USD = 7.0680 CNY
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1 CAD = 0.7221 USD
1 CAD = 0.5421 GBP
1 CAD = 0.6205 EUR
1 CAD = 1.0877 AUD
1 CAD = 112.9180 JPY
1 CAD = 3.9264 BRL
1 CAD = 55.4795 RUB
1 CAD = 5.1039 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Barley crop 2025 forecast at 9 mln tonnes still slightly above official estimates, analysts say
...Click here
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USA, WA: Ghostfish Brewing Co. buys former Pike Brewery production facility in Seattle
...Click here
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USA, MA: Flying Dreams Brewing Company to close after 10 years in business
...Click here
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USA, NM: Bosque Brewing Company closing all of its Santa Fe locations
...Click here
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USA, PA: Big Bottom Brewery closes brewery and taproom in Dillsburg
...Click here
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EU: Malt exports pace slows to align with 2021/22 levels
...Click here
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World: New Heineken research reveals “major cultural shift” in alcohol consumption
...Click here
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Europe: Barley crop forecast unchanged at 62.5 mln tonnes
...Click here
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Australia: Barley crop 2025 currently forecast at 15.8 mln tonnes with potential for further increase
...Click here
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EU & UK: Barley production forecast to decline to 58.2 mln tonnes in 2026
...Click here
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UK: AB InBev opens its second de-alcoholisation unit in Europe
...Click here
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Germany: Hop farmers expecting disruptions due to overproduction and lower alcohol sales
...Click here
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Vietnam: ThaiBev reaffirms long-term commitment to Vietnam
...Click here
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Argentina: Argentina reduces export duties on barley, other cereals
...Click here
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Japan: Asahi sees sales fall at faster pace in November
...Click here
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UK: Diageo to launch Guinness Open Gate Brewery in London on December 11
...Click here
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South Korea: HiteJinro changes CEO after 14-year tenure
...Click here
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UK: Diageo's Belfast workers to resume strike action over pay dispute
...Click here
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Graph of the Week
Table of the Week
China Malt Imports 2018 - 2024
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
08 December
1794 - 1st issue of Herald of Rutland, VT published
1863 - Abraham Lincoln announces plan for Reconstruction of South
1923 - Salary and price freeze in Germany
1993 - Dow-Jones hits record 3734.53
09 December
1793 - Noah Webster establishes New York's 1st daily newspaper, American Minerva
1843 - P Paul Leroy-Beaulieu French economist is born
1905 - French Assembly National votes for separation of church & state
1916 - P Paul Leroy-Beaulieu French economist (Economist France), dies at 73
1967 - Nicolae Ceausescu becomes President (dictator) of Romania
1968 - Doug Engelbart demonstrates first computer mouse at Stanford
10 December
1672 - New York Governor Lovelace announces monthly mail service between New York & Boston
1799 - Metric system established in France
1868 - The first traffic lights are installed, outside the Palace of Westminster in London
1901 - 1st Nobel Peace Prizes (to Jean Henri Dunant, Frederic Passy)
1915 - 10,000,000th model T Ford assembled
1930 - Clayton K Yeutter, US trade representative/Republican National chairman is born in Nebraska
1948 - UN General Assembly adopts Universal Declaration of Human Rights
1993 - Dow Jones hits record 3740.67
Agenda
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)
20 - 22: St Malo Craft Beer Expo 2026 (St Malo, France)
24 - 26: 110th International Brewing & Engineering Conference 2026 (Erding, Germany)
24 - 26: RMI Global Conference 2026 (Lisbon, Portugal)
26 - 28: Warsaw Beer Festival 2026 (Warsaw, Poland)
April 2026:
07 - 09: Craft Beer China 2026 (Shanghai, China)
10 - 11: InnBrew 2026 (Barcelona, Spain)
10 - 12: Barcelona Beer Festival 2026 (Barcelona, Spain)
16 - 18: KIBEX 2026 (Seoul, South Korea)
20 - 22: Craft Brewers Conference & BrewExpo America 2026 (Philadelphia, USA)
22 - 22: World Beer Cup 2026 (Pennsylvania Convention Center, Philadelphia, USA)
28 - 30: 28th Annual International Beer and Cider Strategies 2026 (InterContinental Barcelona, Spain)
May 2026:
04 - 07: Worldwide Distilled Spirits Conference 2026 (EICC, Edinburgh, Scotland, UK)
19 - 21: Expo Antad & Alimentaria Mexico 2026 (Expo Guadalajara, Jalisco, Mexico)
29 - 30: Copenhagen Beer Festival 2026 (Copenhagen, Denmark)
29 - 30: Tallinn Craft Beer Weekend 2026 (Tallinn, Estonia)
June 2026:
08 - 10: Brewing Conference Bangkok 2026 (Muang Thong Thani, Impact Challenger Hall, Jupiter 4-5, Bangkok, Thailand)
09 - 10: IGC Grains Conference 2026 (2 Savoy Place, London, UK)
09 - 11: Brasil Brau 2026 (Sao Paulo, Brazil)
July 2026:
17 - 18: London Craft Beer Festival 2026 (London, UK)
August 2026:
06 - 08: VIETFOOD & BEVERAGE - PROPACK VIETNAM 2026 (799 Nguyen Van Linh Street, Tan My Ward, Ho Chi Minh City, Vietnam)
September 2026:
19 - 04 October: Oktoberfest 2026 (Munich, Germany)
24 - 27: Mondial de la Biere 2026 (Montreal, Canada)
October 2026:
08 - 10: The Great American Beer Festival 2026 (Denver, USA)
23 - 25: Stockholm Beer & Whisky Festival 2026 (Stockholm, Sweden)
28 - 29: Brew Asia 2026 (Ho Chi Minh City, Vietnam)
November 2026:
10 - 12: Brau Beviale 2026 (Nuremberg, Germany)
23 - 25: 16th Iberoamerican VLB Symposium Brewing & Filling Technology (Panama)
News Articles
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Canada: Barley crop 2025 forecast at 9 mln tonnes still slightly above official estimates, analysts say
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Looking ahead to crop’26, subsoil moisture levels across western Canada were 80% abnormally dry or in drought conditions at the end of October. November
...More info on site
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USA, WA: Ghostfish Brewing Co. buys former Pike Brewery production facility in Seattle
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Ghostfish Brewing Co. has acquired the former Pike Brewery production facility in Seattle, securing a major expansion that reshapes its future capacity and distribution strategy, Craft Brewing Business reported on December 8.
The purchase gives Ghostfish a 26,000-sq-ft production space in Georgetown, located about 2.5 miles south of its taproom and restaurant. The sale transfers brewery assets previously operated by Green Lake Brewing Co. LLC (doing business as Fremont Brewing Co.), which had taken over the site after Pike Brewing’s corporate reshuffling and facility closures. The acquisition does not affect the historic Pike Pub at Pike Place Market. From the press release:
“This expansion is a long time coming and a major milestone for us,” said Brian Thiel, co-founder/co-owner of GBC. “We started a process of identifying and viewing potential vacant warehouses around the greater Seattle area with the intention to build out a new state-of-the-art brewery back in early 2024. After learning about the former Pike brewery opportunity from our friends at Fremont Brewing in late 2024, we were pleasantly surprised to discover that it checked most of the boxes we were planning to create on our own. The timing of acquiring the new production brewery aligns perfectly for us to
...More info on site
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USA, MA: Flying Dreams Brewing Company to close after 10 years in business
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Flying Dreams Brewing Company has announced plans to close after 10 years in business, MassLive.com reported on December 9.
The brewery, which started in Worcester before moving to Marlborough, wrote on social media that its last day in business will be Saturday, Dec. 27.
Owner and brewmaster Dave Richardson wrote that he loved making Flying Dreams a “home-away-from-home” for so many people. However, he noted that “the numbers” meant continuing was not feasible.
“Unfortunately, no matter how much fun it’s been and no matter all the wonderful people around us, keeping us going, keeping us laughing, the numbers won’t let us,” Richardson wrote. “And it sucks!”
Flying Dreams initially opened on Park Avenue in Worcester in the brewery space connected to Peppercorn’s restaurant.
That spot is famous for being an incubator for Worcester breweries. It was the original home of Wormtown Brewing. It’s currently occupied by Double Down Brewing.
In 2018, Flying Dreams moved from the location attached to Peppercorn’s to its own taproom in downtown Marlborough.
Flying Dreams is the latest Massachusetts brewery to close or change ownership in recent years.
The announcement comes just days after the one-year anniversary of Worcester’s Redemption Rock Brewery announcing its closure.
Other breweries to close recently include Cambridge Brewing Company and
...More info on site
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USA, NM: Bosque Brewing Company closing all of its Santa Fe locations
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One of New Mexico’s biggest breweries announced on December 9 that they are closing all of their locations in Santa Fe.
The Bosque Brewing Company is still restructuring their bankruptcy that began in October. This includes the immediate closing of their two Santa Fe locations. According to the company, this closure means the layoff of three full time employees and 23 part timers.
While their Santa Fe breweries are now shuttered, Bosque says their beers will still be available in stores, restaurants, and bars throughout the city.
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USA, PA: Big Bottom Brewery closes brewery and taproom in Dillsburg
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Big Bottom Brewery will be closing its taproom and brewery indefinitely in Dillsburg, as ownership pursues a potential sale. This is effective immediately, the company announced on December 8.
The brewery had posted over the weekend on 12/6 that they’ve been trying to sell the brewery for quite some time, and that they would have no choice but to shut down.
What this means for Big Bottom Brewery could be a few things. The brewery could just change ownership and continue as is, or new ownership could rebrand the brewery and take it in a new direction.
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EU: Malt exports pace slows to align with 2021/22 levels
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EU malt exports pace has slowed to align with levels from 2021/22 when the pandemic slowdown persisted, RMI Analytics said in their early December
...More info on site
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World: New Heineken research reveals “major cultural shift” in alcohol consumption
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The tide is turning on boozing, with top brewery bosses admitting they are seeing a massive shift in how we consume alcohol, The Standard
...More info on site
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Europe: Barley crop forecast unchanged at 62.5 mln tonnes
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European winter barley continues on a favourable path following good conditions at seeding which took place at an optimal timing. Temperatures have been warmer
...More info on site
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Australia: Barley crop 2025 currently forecast at 15.8 mln tonnes with potential for further increase
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Harvest continues to run into some weather delays, particularly in southern New South Wales and Victoria, but the forecast shows a clearing pattern and
...More info on site
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Vietnam: Sabeco sees $3.7 billion drop
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The sharp decline in Sabeco’s share price has wiped out more than 70 percent of the value of the stake that Thaibev, owned by
...More info on site
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EU & UK: Barley production forecast to decline to 58.2 mln tonnes in 2026
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In its first forecast for the 2026 crop, COCERAL estimates the total grain crop in the EU-27 plus the UK at 296.7 million tonnes,
...More info on site
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UK: AB InBev opens its second de-alcoholisation unit in Europe
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AB InBev’s UK business division has opened the group’s second de-alcoholisation unit in Europe to increase the production capacity of its alcohol-free beers, Global
...More info on site
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Germany: Hop farmers expecting disruptions due to overproduction and lower alcohol sales
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German hop farmers are expecting disruption in the industry due to overproduction and a further decline in Germany's alcohol consumption.
The harvest in 2025 was
...More info on site
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Vietnam: ThaiBev reaffirms long-term commitment to Vietnam
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Thai Beverage Plc (ThaiBev) has reaffirmed its long-term commitment to Vietnam following a high-level meeting in Hanoi with the country’s Ministry of Industry and Trade, underscoring the Group’s confidence in Vietnam as a strategic production hub and investment base within its regional growth strategy, the Bangkok Post reported on December 9.
The discussions highlighted ThaiBev’s readiness to deepen cooperation with Vietnamese authorities to develop a sustainable value chain and strengthen the Group’s contribution to the local economy.
Industry and Trade Minister Nguyen Hong Dien welcomed ThaiBev’s continued engagement and acknowledged the Group’s longstanding contributions to Vietnam’s economic and social development. He said Vietnam encourages investors with long-term strategies to participate not only in consumer markets but also in agricultural supply chains and strategic production sectors.
During the meeting, ThaiBev Group CEO Thapana Sirivadhanabhakdi expressed strong confidence in Vietnam’s investment climate and reaffirmed the Group’s intention to build a long-term, sustainable presence in the country. He said ThaiBev would continue to invest responsibly in technology upgrades, production quality and consumer experience, while contributing to the improvement of living standards for Vietnamese consumers.
Senior representatives from the Ministry of Industry and Trade, ThaiBev’s management team and executives of Saigon Beer-Alcohol-Beverage Corporation (SABECO) also attended the meeting.
ThaiBev
...More info on site
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Argentina: Argentina reduces export duties on barley, other cereals
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Argentina’s Economy Minister Luis Caputo took to social media on December 9 to announce a “permanent reduction” in export duties on a large number
...More info on site
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Japan: Asahi sees sales fall at faster pace in November
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Asahi Breweries Ltd. said on December 10 that its sales fell at a faster pace in November than in the previous month, as shipments were delayed following a computer system failure due to a cyberattack on its parent company in late September.
Sales by Asahi Breweries dropped by over 20 pct year-on-year in November in value after falling by nearly 10 pct in the previous month as the company was forced to limit shipments of products for year-end gifts.
The combined sales volume of beer, “happoshu” quasi-beer and “third-segment” beer-like beverages at three major Japanese brewers, excluding Asahi Breweries, fell 7 pct in November, according to an industry estimate.
Sales of beer alone shrank 5 pct because of fewer shipment days than a year before, while those of happoshu and third-segment beverages each decreased 9 pct.
“Purchases have continued to be restrained since price increases by the four major brewers in April,” an industry official said.
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UK: Diageo to launch Guinness Open Gate Brewery in London on December 11
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Diageo has announced the opening of Guinness Open Gate Brewery, a new £73m visitor experience and working microbrewery in London’s Covent Garden, Drinks International reported on December 9.
The 54,000ft venue features a working microbrewery where master brewer Hollie Stephenson will create limited-edition craft beers and seasonal specials, as well as guided tours of the brewery, exclusive tasting sessions, and a 360-degree digital experience.
The venue also includes two restaurants led by British chef Pip Lacey, a ground-level courtyard bar and eatery, two retail stores, and a private-hire event venue.
“London has played a critical role in Guinness’ success throughout its history, and two centuries after the black stuff arrived in the UK capital, one in seven pints poured in the city is now a Guinness. This iconic stout has always been about bringing people together, and Open Gate Brewery London builds on that tradition, creating a vibrant space where both visitors and the local community can connect, celebrate, and experience the very best of Guinness hospitality,” said Barry O’Sullivan, managing director of Diageo Great Britain.
Guinness Open Gate Brewery will create up to 250 new jobs and serve as the southern UK hub for Diageo’s Learning for Life programme, offering free hospitality training
...More info on site
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South Korea: HiteJinro changes CEO after 14-year tenure
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HiteJinro announced on December 8 that it has promoted Jang In-seop, 58 years old, head of the management division, to vice president and designated him as CEO.
Kim In-gyu, 63 years old, who has served as CEO since the 2011 merger of Hite Beer and JINRO, will step down after 14 years.
HiteJinro stated, “The new management structure is part of future growth strategies to overcome stagnation in the domestic alcohol market and actively expand into overseas markets.”
Jang, the vice president-elect set to be officially appointed as CEO at a temporary shareholders’ meeting on the 30th, joined JINRO and has overseen legal and external cooperation tasks in the management division at HiteJinro.
Outgoing CEO Kim, who is handing over the leadership position, was the longest-serving CEO among major domestic food and beverage companies. During his tenure, he solidified the company’s top position in the soju industry and contributed to narrowing the gap with the leader in the beer market.
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UK: Diageo's Belfast workers to resume strike action over pay dispute
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Britain's Unite union said on December 9 some workers at Diageo's Belfast packaging site voted to reject the company's improved pay offer and resume a previously suspended eight-day strike action in December.
About 90 workers at Diageo's Belfast site are demanding a substantial pay increase to close the pay gap with employees at Diageo's site in Runcorn, England.
However, a Diageo spokesperson said that the company expects no disruption to Guinness or Guinness 0.0 supplies over Christmas due to the union's renewed strike action plans.
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