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E-Malt.com Newsletter 03b
January 15 - January 18, 2026
Quote of the Week
Planning is bringing the future into the present so that you can do something about it now.
Alan Lakein
Currency Rates
Base Currency: US Dollar
on January 16, 2026 |
Base Currency: Canadian Dollar
on January 16, 2026 |
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1 USD = 0.8603 EUR
1 USD = 0.7457 GBP
1 USD = 1.3897 CAD
1 USD = 1.4945 AUD
1 USD = 158.5390 JPY
1 USD = 5.3836 BRL
1 USD = 78.4000 RUB
1 USD = 6.9699 CNY
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1 CAD = 0.7195 USD
1 CAD = 0.5365 GBP
1 CAD = 0.6190 EUR
1 CAD = 1.0752 AUD
1 CAD = 114.0660 JPY
1 CAD = 3.8734 BRL
1 CAD = 0.6190 RUB
1 CAD = 5.0148 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, VA: Good Ship Brewing Co. becomes Hopewell’s first brewery
...Click here
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USA, PA: Love City Brewing to take over former Fat Lady Brewing space in Manayunk
...Click here
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USA, TN: Saint Lucille’s Kitchen and Last Days of Autumn Brewing to close later this month
...Click here
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Japan: Asahi Breweries sees December beer sales fall by over 20% while three other leading brewers enjoy 2% growth
...Click here
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Australia: Final barley crop result increased to 15.8 mln tonnes
...Click here
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Germany: Veltins sells more beer in 2025 than ever before in spite of sharp consumption decline in Germany
...Click here
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Nicaragua: Nicaraguan antitrust authority approves Heineken’s acquisition of FIFCO's stake in Nicaraguan Brewing Holding
...Click here
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Argentina: 5.4 mln tonnes barley crop aided by favourable weather in latter half of December
...Click here
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World: New Heineken CEO will need to deliver on higher beer sales strategy with fewer resources
...Click here
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South Africa: National Treasury considering a sharp increase in excise tax on beer
...Click here
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India: Carlsberg commissions new canning line at Mysuru brewery
...Click here
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Nigeria: International Breweries announces resignation of Carlos Coutino as MD
...Click here
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Graph of the Week
Table of the Week
World Barley Production by Region
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
15 January
1928 - 1st fully automatic photographic film developing machine patented
1987 - The New York Stock Exchange racks up daily volume of over a quarter-of-a-billion shares for the first time, as a total of 253.1 million shares are traded
2001 - Wikipedia, a free Wiki content encyclopedia, goes online
16 January
1868 - Refrigerator car patented by William Davis, a fish dealer in Detroit
1951 - World's largest gas pipeline opens (Brownsville Tx, to 134th St, NYC)
17 January
1792 - The birthday of the dollar sign ($), as it shows up for the first time on a federal document a U.S. Treasury bond issued to George Washington
1891 - Walter Eucken, German economist is born
1917 - US pays Denmark $25 million for Virgin Islands
18 January
1840 - Electro-Magnetic Intelligencer, 1st US electrical journal, appears
1980 - Gold reaches $1,000 an oz
1989 - IBM announces earnings up 10.4% in 1988
Agenda
January 2026:
25 - 27: Planete Biere Toulouse 2026 (Toulouse, France)
February 2026:
05 - 06: Glug Swiss 2026 (Alte Reithalle, Aarau, Switzerland)
13 - 16: HoReCa 2026 (Athens, Greece)
15 - 17: BBTech Expo 2026 (Rimini, Italy)
23 - 23: Beer Experience 2026 (Antwerp, Belgium)
27 - 01 March: Finest Spirits 2026 (Munich, Germany)
March 2026:
04 - 07: Festival Brasileiro da Cerveja 2026 (Blumenau, Brazil)
15 - 17: Planete Biere Marseille 2026 (Marseille, France)
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)
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)
04 - 10: Budapest Beer Week 2026 (Budapest, Hungary)
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)
17 - 18: Global Beer Summit 2026 (Brussels, Belgium)
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)
21 - 22: Beervana 2026 (Wellington, New Zealand)
September 2026:
12 - 13: Bruges Beer Festival 2026 (Bruges, Belgium)
19 - 04 October: Oktoberfest 2026 (Munich, Germany)
24 - 27: Mondial de la Biere 2026 (Montreal, Canada)
26 - 28: Whisky Live Paris 2026 (Paris, France)
October 2026:
08 - 10: The Great American Beer Festival 2026 (Denver, USA)
15 - 16: Salon du Brasseur 2026 (Parc Expo Nancy, France)
23 - 25: Stockholm Beer & Whisky Festival 2026 (Stockholm, Sweden)
28 - 29: Brew Asia 2026 (Ho Chi Minh City, Vietnam)
31 - 03 November: Planete Biere Rennes 2026 (Rennes, France)
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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USA, VA: Good Ship Brewing Co. becomes Hopewell’s first brewery
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Seven years after it was first announced, beer is finally flowing from Hopewell’s first brewery, Richmond BizSense reported on January 16.
Good Ship Brewing Co. opened last week at 204 E. Cawson St. in the city’s downtown area.
Hopewell native Donnie Barber began planning Good Ship in 2019, but the pandemic prompted him to pause work on the brewery and instead focus on his namesake homebuilding company Barber Construction Co. In 2024, he decided to move forward with the brewery’s buildout, and on Jan. 5, Good Ship opened its doors.
“I’m Hopewell born and raised, and we’ve had to leave and go to Williamsburg or Richmond to go to a nice brewery,” Barber said. “I just got tired of it and I had this epiphany. Even though it’s kind of cliche, but it was like ‘Field of Dreams’. I really had this vision that if I built it, they’d come. I really did.”
So far his hunch appears to be right.
Barber said Good Ship’s first Friday night brought a capacity crowd and that it hasn’t just been Hopewell locals turning up for a drink.
“It’s crazy because I went around and met everybody (last weekend). I know most of the people in Hopewell,
...More info on site
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USA, PA: Love City Brewing to take over former Fat Lady Brewing space in Manayunk
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A Philadelphia-based brewery will bring its craft beers to Manayunk with a new location opening this spring, WhatNow reported on January 15.
Love City Brewing, run by Melissa and Kevin Walter and celebrated for its Love City Lager, will take over the former Fat Lady Brewing space at 4323 Main St., according to a press release.
Fat Lady Brewing closed at the start of the year. Former owner Jane Lipton called it an “absolute labor of love” and a “terribly difficult decision” in a social media post.
The 5,884-square-foot space will be transformed into a tasting room and event venue, echoing the warm, inviting atmosphere of Love City Brewing’s flagship location in Philadelphia’s Callowhill neighborhood.
“We have been looking for the right opportunity to expand for a long time. We were very conscious about choosing a neighborhood that has great energy and foot traffic, as well as one that would allow our current location at 1023 Hamilton St. to continue to be successful–Manayunk checks all those boxes for us,” Melissa Walter said in a statement.
The interior will have a vintage feel with tin ceilings, original hardwood floors and exposed brick, accented by draping ivy, greenery and artwork from True Hand Society.
The first floor will
...More info on site
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USA, TN: Saint Lucille’s Kitchen and Last Days of Autumn Brewing to close later this month
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Saint Lucille’s Kitchen and Last Days of Autumn Brewing both announced that they plan to close, with the last day open set for January 24, WATE.com reported on January 15.
Saint Lucille’s is a Cajun restaurant located at 8 Emory Place. Last Days of Autumn is at 808 E Magnolia Avenue. Both are owned by Mike and Tracy Frede.
In their post, the Fredes cite “changing marketing conditions” for the closure of Last Days of Autumn Brewing, which has been open for almost 10 years. In posts for both restaurants, the couple thanked their staff and customers.
“The path of entrepreneurship is often unpredictable, and while we’ve had many wins, we’ve also faced tough challenges that led us to where we are now,” they said of Saint Lucille’s. “Thank you for being part of our journey. We wish you all the best.”
For the Last Days of Autumn Brewing, they wrote in part, “We cherish the experiences we’ve shared and hope you’ll visit us one last time before we close.”
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USA, OH: Midnight Owl Brewing Co. is shutting down
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Midnight Owl Brewing Co. is shutting down this month, Cleveland.com reported on January 15.
Joel Warger and his wife Rosemary Mudry owned the brewery, which opened in October 2023. It went into the space formerly occupied by Lucy’s Sweet Surrender, the longtime neighborhood bakery.
The brewery posted via Instagram: “After 2 1/2 years, we have made the difficult decision to close Midnight Owl effective January 25th. We were fortunate for the opportunity to serve the residents of Shaker Heights and the Cleveland craft beer community. We are grateful for the support of all of you, and it was a joy getting to know folks over the last few years.”
Warger cut his teeth brewing at Great Lakes Brewing Co. and moved on to Goldhorn Brewery before Midnight Owl.
A deft brewer, Warger gravitated to German styles but didn’t shy from making various others. A recent taplist included Hefeweizen, Altbier, Pilsner, Hellesbock, West Coast India Pale Ale and a Hazy IPA.
The announcement comes on the heels of Voodoo Brewery’s closure in Cleveland Heights last month.
Midnight Owl is at 20312 Chagrin Blvd., Shaker Heights.
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Japan: Asahi Breweries sees December beer sales fall by over 20% while three other leading brewers enjoy 2% growth
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Asahi Breweries said on January 15 that its sales fell by over 20% in December from a year earlier, as the company was forced to cut shipments following a computer system glitch due to a cyberattack on its parent company in late September, the Japan Times reported.
Meanwhile, the combined sales volume of beer, happōshu quasi-beer and "third-segment" beer-like beverages at the other three major Japanese brewers — Sapporo Breweries, Suntory Spirits and Kirin Brewery — rose by 2% in December, according to an industry estimate.
By volume, Sapporo's sales of such beverages fell by 1%. Suntory's sales increased by 6%. Kirin saw an 8% increase in sales value.
The growth reflected higher demand at home and restaurants during the year-end and New Year holidays, industry officials said.
In 2025, the combined sales volume of three brewers, excluding Asahi, fell by 3% from the previous year, according to an industry estimate.
Sapporo and Suntory saw a 1% decline in sales volume, while Kirin's sales were almost unchanged in value. Asahi did not disclose its cumulative results for 2025.
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Australia: Final barley crop result increased to 15.8 mln tonnes
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Harvest of Australia’s barley crop’25 is in the final stages of completion, with only very southern South Australia and Victoria to conclude. Clearer weather
...More info on site
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Germany: Veltins sells more beer in 2025 than ever before in spite of sharp consumption decline in Germany
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The German brewer Veltins has sold more beer and non-alcoholic beverages than ever before even though beer consumption is sharply declining in the country, Yahoo!Finance reported on January 14.
Sales rose slightly by 0.3% in 2025 to a record high of around 3.37 million hectolitres, the family-owned firm announced.
Turnover increased slightly by 0.4% to €461 million (about $537 million). Veltins does not disclose any information about its profits.
Brewery boss Volker Kuhl spoke of a crisis-ridden German beer market, where total sales of alcoholic beer are likely to have shrunk by more than 6% in 2025.
The loss of volume of around 5 million hectolitres in just one year is the highest in 75 years. Growth in non-alcoholic beers has only been able to cushion about a third of the loss in alcoholic beers.
According to Veltins' market analysis, beer sales in 2025 will have declined in all major sales channels: by 4% (2.7 million hectolitres) in retail, by 8% (1.3 million hectolitres) in the hospitality industry and by 7% (1 million hectolitres) in exports.
The decline in beer consumption has also left its mark on Veltins. Sales of the core brand Veltins Pilsener fell by 1.8%, but its Pülleken light beer brand posted a
...More info on site
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Nicaragua: Nicaraguan antitrust authority approves Heineken’s acquisition of FIFCO's stake in Nicaraguan Brewing Holding
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The Nicaraguan antitrust authority PROCOMPETENCIA has formally notified Heineken of its approval of the transaction involving the acquisition of FIFCO's stake in Nicaraguan Brewing Holding, S.A., Ideal Investisseur reported on January 16.
This approval comes with a condition: the implementation of an antitrust compliance program in accordance with local regulations.
The completion of this operation, which includes the acquisition of FIFCO's beverage and distribution activities announced on September 22, 2025, is now expected in the first quarter of 2026, the company specifies. The Dutch group indicates that further communications will be made in due course.
No transaction amount is mentioned in the statement, nor any additional details on the financial terms of the operation.
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Argentina: 5.4 mln tonnes barley crop aided by favourable weather in latter half of December
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The successful completion of Argentina’s barley harvest was aided by favourable conditions in the latter half of December, resulting in an impressive yield of
...More info on site
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World: New Heineken CEO will need to deliver on higher beer sales strategy with fewer resources
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Whoever Heineken picks to replace CEO Dolf van den Brink from June will be tasked with delivering on a strategy set in October promising higher beer sales with fewer resources, Reuters reported on January 13.
The world's second largest brewer behind Anheuser-Busch InBev announced van den Brink's resignation on January 12 after six years as CEO as Heineken battles falling sales and discontent among investors who want proof it can deliver.
The Dutch maker of Tiger and Amstel alongside its namesake lager has launched a search for a new CEO.
Here are some of the challenges they will face to placate investors and take on rivals, including AB InBev and Carlsberg.
Hopes of a recovery in slow or falling beer sale volumes have been knocked off course by everything from bad weather to political turbulence.
Analysts expect volumes to remain well short of the mid-single digit growth investors hope for until 2027.
And until people have more cash to spend, Heineken's incoming CEO has few levers to change this. Carlsberg is expected to show a big volume rise in its 2025 financial year, but mostly from its purchase of soft drinks maker Britvic.
That strategy might help Heineken's Danish rival offset slow beer sales and any shift
...More info on site
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South Africa: National Treasury considering a sharp increase in excise tax on beer
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Beer and alcohol drinkers in South Africa could soon be paying noticeably more, following reports that the National Treasury is considering a sharp increase in excise tax on beer.
The Sunday Times reported that the Treasury held a virtual meeting with alcohol producers in November to discuss proposed excise adjustments to wine and beer aimed at reducing alcohol consumption.
Alcohol companies confirmed the meeting, with wine, beer, and spirits producers warning that above-inflation excise increases could drive consumers towards the illicit alcohol market.
This would undermine both revenue collection and efforts to reduce consumption.
Citing research, industry stakeholders indicate that illicit alcohol constitutes approximately 18% of total alcohol consumption in South Africa.
Policy proposals, including a 20% increase in excise on standard beer, should be carefully evaluated.
According to Nomcebo Dlamini, Campaign Manager for the South African Alcohol Policy Alliance (SAAPA), a proposed 20% hike in excise tax at the point of production would “obviously increase the price of beer”.
However, she argued it is both necessary and overdue. Dlamini said excise taxes are one of the most effective and cost-effective ways to reduce alcohol harm, and that this is a move her organisation fully supports.
Dlamini believes the current price of beer in South Africa is
...More info on site
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India: Carlsberg commissions new canning line at Mysuru brewery
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Carlsberg India has commissioned a new canning line at its Mysuru brewery, reinforcing its long-term ambition for Karnataka following a Rs 350 crore expansion pledge made at Invest Karnataka 2025. The new can line has been set up with an investment of Rs 100 crore.
The latest development by the IPO-bound beer company has a production capacity of 22,000 cans per hour and is slated to enhance the overall brewery’s capacity to cater to rising consumer demand. The addition is part of Carlsberg India’s broader expansion strategy across key markets in the country.
Nilesh Patel, managing director, Carlsberg India, noted that the expansion underscores the company’s long-term commitment to Karnataka. “The additional capacity will enable us to sustainably produce international-quality beers, contribute to state excise revenues and generate direct and indirect employment opportunities for the local community.”
Speaking at the inauguration, Yathindra Siddaramaiah, member of the Legislative Council (MLC), Government of Karnataka, said the company’s continued investments reflected strong confidence in the state’s industrial ecosystem and would support regional development through increased employment opportunities and local economic activity, particularly in Mysuru.
Located in Nanjangud taluk, the Mysuru brewery spans 28 acres and manufactures Carlsberg and Tuborg brands. The facility operates biomass
...More info on site
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Nigeria: International Breweries announces resignation of Carlos Coutino as MD
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International Breweries Nigeria PLC has announced the resignation of Mr. Carlos Coutino as Managing Director and member of the Board, effective March 1, 2026, Nairametrics reported on January 14.
The announcement was contained in a notice signed by Company Secretary Temitope Oluwatosin, and addressed to shareholders, the investing public and Nigerian Exchange Limited (NGX).
Mr. Coutino had joined the company in 2018 as National Sales/Trade Marketing Director before quickly rising through the ranks.
According to the statement, the company board expressed gratitude for the outstanding performance recorded by the outgoing MD.
“The Board is grateful for Coutino’s outstanding performance as he transits to another leadership role within the AB InBev business and wishes him the best in his future endeavors,” the company said in its statement.
Mr. Coutino was appointed Managing Director and Business Unit President on January 1, 2023, where he made a significant impact on the company’s trajectory.
Under his leadership, International Breweries achieved its highest-ever sales volume and market share, while returning to profitability after six years of restructuring. He also championed employee engagement, with the company attaining the highest engagement score in Nigeria.
Beyond commercial success, Mr. Coutino reshaped AB InBev’s digital landscape in Nigeria.
He spearheaded the development of a best-in-class digital
...More info on site
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