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E-Malt.com Newsletter 17b
April 24 - April 27, 2025
Quote of the Week
No matter what people tell you, words and ideas can change the world.Share this
Robin Williams
Currency Rates
Base Currency: US Dollar
on April 25, 2025 |
Base Currency: Canadian Dollar
on April 25, 2025 |
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1 USD = 0.8796 EUR
1 USD = 0.7515 GBP
1 USD = 1.3862 CAD
1 USD = 1.5661 AUD
1 USD = 142.6710 JPY
1 USD = 5.6932 BRL
1 USD = 83.0919 RUB
1 USD = 7.2885 CNY
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1 CAD = 0.7213 USD
1 CAD = 0.5421 GBP
1 CAD = 0.6344 EUR
1 CAD = 1.1296 AUD
1 CAD = 102.9050 JPY
1 CAD = 4.1063 BRL
1 CAD = 59.9319 RUB
1 CAD = 5.2570 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Mexico: Beer exports projected to top EUR6 billion in 2025
...Click here
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Mexico: Grupo Modelo to invest US $3.6 billion in renovating its Mexican plants
...Click here
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USA, MA: Boston Beer reports 5.3% increase in Q1 shipments
...Click here
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USA, NY: Broken Loop Brewing eyeing summer opening in Albany
...Click here
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USA, OK: Fair Weather Friend announces impeding brewery closure
...Click here
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World: Trump tariffs are killing investment appetite, Suntory CEO says
...Click here
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Vietnam: Sabeco posts 5.6% increase in 2024 after-tax profit
...Click here
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Nigeria: Guinness Nigeria records significant recovery in nine-month profit after tax
...Click here
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Argentina: Barley crop estimates unchanged for both 2024 and 2025
...Click here
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Luxembourg: Brasserie Nationale investing €3.72m in a new filtration unit at its Bascharage brewery
...Click here
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Brazil: Beer industry supports 2.5 mln direct and indirect jobs in Brazil
...Click here
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India: Indian brewers urge harmonization of imported beer duties
...Click here
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UK: Coors becomes the latest beer in the UK to reduce abv to 3.4%
...Click here
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Graph of the Week
Table of the Week
USA Hop Exports (Including Extract)
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
24 April
1704 - "Boston News-Letter," 1st successful newspaper in U.S., forms
1888 - Eastman Kodak Co. forms
1957 - The BBC first broadcast The Sky at Night presented by Patrick Moore
1981 - IBM-PC computer introduced
1990 - West and East Germany agree to merge currency and economies on July 1st
2004 - The United States lifts economic sanctions imposed on Libya 18 years previously, as a reward for its cooperation in eliminating weapons of mass destruction
25 April
1905 - World's largest diamond, Cullinan - 3106 carets, found in South Africa
1931 - Pynchon & Co., one of the Wall Street's largest and most prestigious brokerage firms, goes bust, with $40 million in liabilities -- the biggest failure of a brokerage yet on record
1955 - Columbia U scientists develope an atomic clock accurate to within one second in 300 years
26 April
1755 - 1st Russian university opens (Moscow)
1887 - Huntsville Electric Co forms to sell electricity
1904 - Bell Telephone Company of Antwerp Belgium forms
1970 - The Convention Establishing the World Intellectual Property Organization enters into force
27 April
1914 - W. H. Carrier patents air conditioner
1925 - Netherlands and Great Britain return to gold standard
1981 - Xerox PARC introduces the computer mouse
2005 - Airbus A380 makes its first flight from Toulouse, France
Agenda
April 2025:
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 - 18: Cerveza Mexico Expo 2025 (Expo Guadalajara, Jalisco, Mexico)
16 - 17: Copenhagen Beer Festival 2025 (Copenhagen, Denmark)
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)
March 2026:
24 - 26: RMI Global Conference 2026 (Lisbon, Portugal)
News Articles
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Mexico: Beer exports projected to top EUR6 billion in 2025
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Mexican beer exports are projected to top 6.1 billion euro in 2025, a 10 percent increase on last year, according to Marcos Gottfried, director of Expo Cerveza Guadalajara 2025,
...More info on site
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Mexico: Grupo Modelo to invest US $3.6 billion in renovating its Mexican plants
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Grupo Modelo, Mexico’s top beer maker, said it plans to invest US $3.6 billion over the next three years to renovate its Mexican plants,
...More info on site
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USA, MA: Boston Beer reports 5.3% increase in Q1 shipments
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The Boston Beer Company, Inc. on April 24 reported financial results for the first quarter ended March 29, 2025.
Key results were:
First Quarter 2025 Summary:
• Depletions decreased 1% and shipments increased 5.3%
• Net revenue of $453.9 million increased 6.5%
• Gross margin of 48.3% up 460 basis points year over year
• Net income of $24.4 million, an increase of $11.8 million or 93.8% year over year
• Diluted income per share of $2.16, an increase of 108% year over year
Capital Structure
• Ended the first quarter with $152.5 million in cash and no debt
• Repurchased $61 million in shares from December 30, 2024 to April 18, 2025
“Our business remained resilient despite subdued category trends,” said Chairman and Founder Jim Koch. “While the external environment remains dynamic, we have a diversified portfolio of iconic brands, strong innovation pipeline and the best sales force in beer. Our strong balance sheet fuels our 2025 incremental brand investments and enables us to return cash to shareholders with $61 million repurchased year to date.”
“Our first quarter performance reflects a solid start to the year as we increased our market share and significantly expanded gross margin,” said President and CEO Michael Spillane. “As the macroeconomic climate continues to be challenging, we remain focused on executing our
...More info on site
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USA, NY: Broken Loop Brewing eyeing summer opening in Albany
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A state transportation engineer who designs traffic signals has purchased the former Yonder Farms property on Route 155 in and will turn it into a brewery and restaurant, Broken Loop Brewing Co. A summer opening is projected, Times Union reported on April 23.
Jonathan Golon, who lives in Guilderland, said he bought the 5,700-square-foot building on 3.3 acres, at New Karner Road and Albany Street, for $1.2 million from MaryAnn Chiaro, her husband, William, and his brothers, Peter and David. They ran what was officially called Yonder Farms Cider Mill & Bake Shoppe — which also had a cafe and sold produce, including apples, from the farm’s 600-acre orchard in Valatie — from its 1983 founding until closing it at the end of last year.
The name Broken Loop originated with Golon’s experience working for the state Department of Transportation. At many intersections, a signal loop in the road tells the traffic lights when vehicles are waiting. If the loop is broken, as Golon says it has been for many years at New Karner and Albany Street, the wait for a signal change can be lengthy.
Hence Broken Loop Brewing Co. for Golon, who, with his wife, April, is an aficionado of brewpubs
...More info on site
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USA, OK: Fair Weather Friend announces impeding brewery closure
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Oklahoma City will lose another one of its craft breweries with the announcement of the impending closure of Fair Weather Friend, The Oklahoman reported on April 25.
Known for its brews, as well as its wings and pizza, the taproom, 314. N. Klein Ave., located right next to Beer City Music Hall and The Flycatcher Club, announced its plans to close on social media.
According to the post, made April 19, the brewery will host a tandem celebration of its fourth anniversary and its farewell on May 3 before closing its doors for good May 4.
"Between now and then we will be featuring our Friendliest Hour specials everyday, all day!," the post states. "Please come see us over the next two weeks, as our favorite part of this business was seeing all of our family and friends over the last 4 years."
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World: Trump tariffs are killing investment appetite, Suntory CEO says
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US President Donald Trump’s tariffs could drive a recession that will make companies reluctant to invest in the world’s largest economy, according to the
...More info on site
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Vietnam: Sabeco posts 5.6% increase in 2024 after-tax profit
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The Saigon Beer-Alcohol-Beverage Corporation (SABECO) posted a 5.6 per cent increase in after-tax profit in 2024, reaching nearly VNĐ4.5 trillion (US$172.4 million), with revenue
...More info on site
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Nigeria: Guinness Nigeria records significant recovery in nine-month profit after tax
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Guinness Nigeria Plc has announced its unaudited financial results for the nine months ended 31 March 2025, delivering a strong performance that reflects the company’s strategic discipline, commercial agility, and commitment to long-term value creation, Nairametrics reported on April 25.
The business recorded a profit after tax of N6.7 billion, marking a significant recovery from the N61.6 billion loss posted in the prior year.
Revenue for the period surged by 71.6%, rising from N220.3 billion to N377.9 billion, driven by pricing actions, improved portfolio mix, and strengthened consumer demand across key categories.
Gross profit also grew by 53% to N103.5 billion, supported by proactive supply chain management and continued premiumization across key brands.
Operating profit increased by 32%, moving from N22.2 billion to N29.2 billion, as the company reaped the benefits of cost optimization, productivity enhancements, and efficient marketing investments. Despite a high inflationary environment and FX-related pressures, net finance costs were managed effectively, contributing to a N6.7 billion net profit.
Board Chair, Prof. Fabian Ajogwu, commented, “This robust performance is a clear reflection of the strategic choices we have made to reposition Guinness Nigeria for long-term resilience and growth. It is a testament to strong leadership, unwavering execution, and the trust of our shareholders,
...More info on site
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Argentina: Barley crop estimates unchanged for both 2024 and 2025
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Very good rainfall amounts have fallen across Buenos Aires province. The result is very good soil moisture levels setting up well for crop’25, RMI
...More info on site
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Luxembourg: Brasserie Nationale investing €3.72m in a new filtration unit at its Bascharage brewery
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Luxembourg’s Brasserie Nationale is investing €3.72m in a new filtration unit at its Bascharage site. The project combines industrial performance, product quality and environmental ambitions, Delano reported on April 24.
The project is divided into two parts: €2.12m for the latest-generation filtration equipment and €1.6m for infrastructure. The aim is to bring the facility into service in spring 2026, with completion of the construction work scheduled for next February.
This modernisation is part of the brewery’s drive to guarantee impeccable clarity. Filtration is a strategic stage in the beer-making process, for both qualitative and industrial reasons. By eliminating suspended particles from fermentation, breweries guarantee microbiological stability and a product that meets market expectations.
This process not only improves visual clarity, but also “produces a beer that is more stable over time,” said production director Maurice Treinen on the sidelines of the groundbreaking ceremony at Bascharage on Thursday, 24 April.
But the innovation goes beyond performance: the new facility promises to reduce the water consumption required for its operation. The result: energy savings and a smaller carbon footprint.
“Up until now, we needed 2.5 litres of water to produce one litre of beer. With this complete adaptation of the filtration system, it will be two
...More info on site
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Russia: Beer exports up 25% in early 2025
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Russian beer exports have surged by 25% in early 2025, with over 33,000 metric tons shipped to countries including Belarus, China and Kazakhstan. The boost comes as domestic production slumps and brewers look eastward amid Western sanctions and market isolation, The Drinks Business reported on April 23.
The freight organisation AgroExport recently revealed that “according to [the] preliminary estimates of experts, Russian beer exports surged above 33,000 metric tons during three months of 2025”.
Analysts assessing the data highlighted how “compared to the like period of the last year, the volume of supplies increased by 25% in physical terms”.
The export company analysts also outlined that Belarus, Kazakhstan, China, Abkhazia and Tajikistan were the top five countries that were now the key importers of Russian beer in physical terms.
The estimates follow Russia’s domestic alcohol production recently plummeting amid tax hikes and anti-drinking measures. The drop in alcoholic drinks production, which fell by 25.6% in February 2025 to 19.9 million decalitres (daL), compared to 26.8 million daL in the same period last year marks the lowest production level for the first two months of the year since 2017. However, finding new export markets could be the next plan for Russian drinks producers.
The news of
...More info on site
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Brazil: Beer industry supports 2.5 mln direct and indirect jobs in Brazil
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The Brazilian beer industry supports 2.5 million direct and indirect jobs, according to new data released by Sindicerv during the Brazilian Beer Technology Fair, FreshlyBottled.com reported.
Sindicerv represents 85% of Brazil’s beer companies and highlighted the sector's significant contribution to the national economy.
Beer production accounts for 2% of Brazil’s GDP and generates €8 billion in taxes across the production chain.
With 1,847 registered breweries across the country, Brazil ranks as the third-largest beer producer in the world, behind China and the United States.
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India: Indian brewers urge harmonization of imported beer duties
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The Brewers’ Association of India, which represents producers that account for more than 85% of beers sold in India, has urged the government to harmonise beer levies between locally produced and imported beverages, AsiaBrewersNetwork reported on April 23.
Currently domestic brewers pay 150% plus 10% duty, whereas imports from Bhutan and Nepal face just 65% excise and no customs levy.
The disparity has allowed importers to undercut Indian brands by selling below the maximum retail price, the association said in a letter to state authorities. Moreover, Delhi’s failure to impose a countervailing duty has lost the government about INR20 (US$0.24) per bottle in tax revenue on imported beer, the letter added.
“Using the higher margin to put in trade and brand pushing, several brands from Bhutan are flooding the Delhi market,” claims Vinod Giri, the director general of the BAI, in its letter to the government. “Many of these brands are unknown, unheard of, and do not sell anywhere else in India. Very little is known of the breweries and quality standards followed in their production.”
The association warned that continued discrimination against domestic producers could drive further investment abroad, undermining the government’s Make in India initiative and weakening local industry. The higher
...More info on site
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UK: Coors becomes the latest beer in the UK to reduce abv to 3.4%
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Coors has become the latest beer to see its abv reduced to 3.4% to take advantage of duty savings, The Grocer reported on April 25.
The reduction from 4% abv – which has coincided with a £6m brand investment – was part of a bid to win over “a new generation of shoppers”, said owner Molson Coors Beverage Company.
“The shift is part of Molson Coors’ commitment to offering more choice to consumers through its broad range of beers and ciders, including zero and lower alcohol options for consumers choosing to moderate or not to drink alcohol at all,” the brewer said.
Despite the change, Coors was still “the same great-tasting, refreshing mountain-cold beer” it insisted.
There have been widespread reformulations and a slew of new beers launched at 3.4% abv since changes to alcohol duty were made in August 2023.
Under the new system, booze at 3.4% abv and below is subject to duty of £9.61 per litre of pure alcohol (lpa) in the finished product, compared with £21.78/lpa for beers between 3.5% and 8.4% abv.
Carlsberg Pilsner was the first household name to be dialled down from 3.8% to 3.4%, while others including John Smith’s, Sol and Grolsch have also seen their
...More info on site
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