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E-Malt.com Newsletter 32b
August 07 - August 10, 2025
Quote of the Week
Life begins at the end of your comfort zone.
Neale Donald Walsch
Currency Rates
Base Currency: US Dollar
on August 08, 2025 |
Base Currency: Canadian Dollar
on August 08, 2025 |
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1 USD = 0.8578 EUR
1 USD = 0.7463 GBP
1 USD = 1.3741 CAD
1 USD = 1.5347 AUD
1 USD = 147.2650 JPY
1 USD = 5.4572 BRL
1 USD = 79.4522 RUB
1 USD = 7.1809 CNY
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1 CAD = 0.7277 USD
1 CAD = 0.5431 GBP
1 CAD = 0.6242 EUR
1 CAD = 1.1168 AUD
1 CAD = 107.1570 JPY
1 CAD = 3.9709 BRL
1 CAD = 57.8131 RUB
1 CAD = 5.2252 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, CA: Boston Beer to ‘phase out’ operations in Los Angeles
...Click here
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USA, VA: Loco Lion Brewery headed to Loudoun County
...Click here
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USA, MD: Frederick’s Idiom Brewing Co. listed for sale
...Click here
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USA, PA: Two Rivers Brewing to shutter for good on August 17
...Click here
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USA, WA: Bickersons Brewhouse to close brewery, taproom in Seattle’s Ballard neighbourhood
...Click here
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USA, OR: Hopworks Urban Brewery closes Vancouver brewpub
...Click here
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USA, ME: Modestman Brewing moving operations from Keene to South Portland
...Click here
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USA, CT: Stony Creek Brewery announces closure a month after acquisition
...Click here
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EU: Malt exports off to slow start in season 2025-26
...Click here
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World: Alcohol industry facing shifting consumer habits and economic pressures
...Click here
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World: Craft beer market reaches estimated $186.6 bln as of mid-2025
...Click here
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World: Malting barley crop prospects generally improved with rather limited downward impact on prices
...Click here
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EU & UK: Malting barley prices feeling pressure in the EU
...Click here
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Japan: Kirin Holding’s first-half net profit declines due to higher expenses
...Click here
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Vietnam: Carlsberg’s expansion plant in Vietnam scheduled to officially come into operation in September
...Click here
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UK: Winter barley harvest completed, early spring barley yields encouraging
...Click here
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Germany: Government mulls increasing drinking age for beer and wine to 18
...Click here
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Monaco & UK: Monte Carlo Beer enters UK distribution and production agreement with Molson Coors
...Click here
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Ireland: Irish whiskey makers close and cut production under Trump’s trade tariffs
...Click here
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UK: UK drinkers believe multinationals are making it hard for small brewers
...Click here
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Graph of the Week
Table of the Week
France Barley Supply & Disposition 2017-2026f
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
07 August
1888 - Theophilus Van Kannel of Philadelphia patents revolving door
1928 - The dollar shrinks, literally: the US Treasury unveiled a new version of the note that was one third smaller than its predecessor
1955 - Tokyo Telecommunications Engineering, the precursor to Sony, sells its first transistor radios in Japan
1959 - Explorer 6 transmits 1st TV photo of Earth from space
08 August
1709 - known ascent in hot-air balloon, Bartolomeu de Gusmao (indoors)
1876 - Thomas Edison patents mimeograph (stencil duplicator or the printing machine)
1876 - Thomas Edison receives a patent for his mimeograph
1896 - The Dow Jones Industrial Average, less than three months old, hits the lowest level ever recorded: 28.48, down 30.5% in just ten weeks
09 August
1874 - Harry S Parmelee patents sprinkler head
1945 - US drops 2nd atomic bomb "Fat Man" on Japan destroys part of Nagasaki
1976 - USSR launches Luna 24, last Lunar flight to date from Earth
10 August
1500 - Diego Diaz discovers Madagascar
1793 - The Musee du Louvre is officially opened in Paris, France
1961 - England applies for membership in the European Common Market
1981 - Coca-Cola Bottling Co agrees to pump $34 million into black business
1988 - UN estimates Asia's population hit 3 billion
Agenda
August 2025:
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:
02 - 06: Copa Cervezas de America 2025 (Valdivia, Chile)
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:
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)
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)
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)
May 2026:
04 - 07: Worldwide Distilled Spirits Conference 2026 (EICC, Edinburgh, Scotland, UK)
June 2026:
09 - 11: Brasil Brau 2026 (Sao Paulo, Brazil)
News Articles
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USA, CA: Boston Beer to ‘phase out’ operations in Los Angeles
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The Boston Beer Co is set to “phase out” its operations in Los Angeles, including the Truly LA taproom and Angel City Brewery.
In a statement on August 7, the Samuel Adams owner said it will “gradually slow down” Truly LA’s operations over the coming months, with the site moving to Friday and Saturday service only by year-end. The space will then be repurposed for overflow and rental use.
The Boston-headquartered company added it will work to reassign as many Truly LA employees as possible to Angel City, while seeking a buyer for the brand and location before its lease expires in April 2026.
Despite noting Angel City Brewery is “doing well”, Boston Beer said the brand “no longer lines up with our long-term growth strategy”.
Earlier this month, it was revealed that Boston Beer CEO Michael Spillane will step down from the role this month to focus on “important personal matters”.
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USA, IA: 515 Brewing Co. up for sale
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The owners of 515 Brewing Co. in Clive just announced that the 12-year-old brewery is on the market, Des Moines Register reported on August 6.
The seven-barrel brewery with a tasting room that offers beer by the glass and take-home crowlers opened in 2013 at 7700 University Ave., Suite C, in Clive.
Owners Ryan Rost, Dave Ropte, Bailey Forrest, and Brandon Criger said they are ready to "step away from the brewing business."
"Opening a brewery and crafting our own beer was a dream come true," Rost said in a news release. “The most rewarding part was sharing our beer with our community. We are beyond grateful to everyone who has supported us. We’d love to see someone bring new life to 515 Brewing and take it to the next level.”
Longtime head brewer, Barb Becker, who has spent the last decade at 515 Brewing, also plans to retire. Becker helped the brewery earn two Great American Beer Festival awards for her Belgian quad beer, #Quadgoals, in 2017 and Mexican Spring beer in the fruit wheat beer category in 2016.
During her time at the brewery, she crafted more than 300 different beers.
The brewery isn’t closing just yet. The taproom features a greatest hits lineup
...More info on site
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USA, VA: Loco Lion Brewery headed to Loudoun County
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A new brewery is in the works for western Loudoun County and it’s named in honor of a couple of large jungle cats that once lived there. The Burn does love an interesting backstory, The Burn reported on August 5.
The brewery will be called Loco Lion – meaning both “Crazy Lion,” but also the “Loco” is a nice hat tip to Loudoun County.
It will be located on a hilltop at 36577 Heskett Lane near Hillsboro north of Purcellville.
It turns out, back in the early 1980s, two lion cubs – Justin and Jezebel – were moved from an animal park in Reston to a farm in Hillsboro. They lived in a big fenced enclosure for several years and – according to Loco Lion – were a big hit in town, with Justin even riding on a float in a parade through town.
Eventually, the lions passed away and today, they are buried on the property where Loco Lion is getting ready to open.
“Loco Lion is a farm brewery and winery room perched atop 26 scenic acres in Loudoun County, offering a true countryside getaway,” the brewery’s website reads. “Our spacious grounds provide the perfect setting to enjoy craft beers, wine, food and
...More info on site
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USA, MD: Frederick’s Idiom Brewing Co. listed for sale
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Idiom Brewing Co. in Frederick, MD (340 E. Patrick St. #104) has been listed for sale. The announcement was made by founder Michael Clements, who shared a heartfelt message with the community explaining his decision to move on, The Mocoshow reported on August 6.
Clements stated that while he initially planned to only sell the production brewery to downsize operations, he ultimately decided to sell both of the company’s locations, as well as the brand and all its rights. He cited personal soul-searching and a desire to “allow new ownership an opportunity to take the Idiom brand to the next level” as the reasons for his decision.
In his message, Clements reflected on the years he “poured” his life into the brewery, working a full-time job while also brewing and managing the business. He expressed hope that the new owners will continue Idiom’s legacy of providing a welcoming place for people to gather and enjoy unique flavors. He concluded his message by thanking the community and wishing them well.
The brewery remains open and will continue to operate as usual while a new owner is sought.
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USA, PA: Two Rivers Brewing to shutter for good on August 17
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Rising costs and competition are driving a longtime Easton gastro-brewpub to soon close its doors, its owner was quoted as saying by lehighvalley.com reported on August 6.
Two Rivers Brewing, 542 Northampton St., plans to shutter for good on Aug. 17, owner Troy Reynard posted on the business’ Facebook page Tuesday evening.
The brewpub opened in Easton at the former Mt. Vernon Ale House space in December 2012 and at the Trolley Barn Public Market in Quakertown in 2020.
Reynard of Forks Township told lehighvalleylive.com the Quakertown site will remain open but under new management, effective Sept. 1. The same staff will remain, along with the same menu and beverage options, he said.
Reynard said several factors contributed in his decision to close the city establishment. Aside from rising costs and competition, Two Rivers also faced a change in drinking habits and parking issues related to nearby construction.
Reynard now plans to semi-retire and get back to “private life,” he said. The building currently is on the sales blocks with no buyer.
“We are proud of the memories made and friendships formed over the years,” Reynard stated in the Facebook posting.
By Wednesday morning, the post had generated more than 1,000 reactions, 200 comments and 115 shares.
...More info on site
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USA, WA: Bickersons Brewhouse to close brewery, taproom in Seattle’s Ballard neighbourhood
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Bickersons Brewhouse announced on August 5 it will close the brewery and taproom in Seattle’s Ballard neighborhood, effective Friday, August 29th. The closing does not impact the company’s other location in Renton.
Frank Castro, one of the owners, said they are looking for a buyer to take over the Ballard location. This is an excellent opportunity for the right buyer to acquire a turnkey brewery and taproom in the vibrant, population-dense, and beer-friendly Ballard neighborhood. The brewery features a 20-barrel brewhouse, and the taproom includes a spacious beer garden, offering plenty of potentials.
In March 2022, Bickersons Brewhouse took over the former home of Pedder Brewing at 1514 Leary Way NW in Seattle. This was the company’s second location. The original location in Renton opened in late 2019, just a few months before the pandemic forced many businesses to shut down. Suffice it to say, Bickersons has faced several challenges in its history, including non-business-related issues.
Frank explained that a new challenge makes it unfeasible for the company to continue operating both locations: “Our co-owner, Shaunn, has been diagnosed with advanced-stage cancer. We cannot continue to run two locations while ensuring Shaunn receives the care she needs.”
“We would like to thank
...More info on site
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USA, OR: Hopworks Urban Brewery closes Vancouver brewpub
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For most of its history, Hopworks Urban Brewery has benefitted from good timing. The brewery-brewpub chain got its start in 2008, just in time to ride the wave of the craft beer resurgence. And it opened locations in the North Williams neighborhood in Portland and Mill Plain in Vancouver, just before those areas took off, Oregon Business reported on August 6.
Now, Hopworks is suffering from bad timing, according to co-founder and brewmaster Christian Ettinger, who says the pandemic caused behavioral shifts inconsistent with Hopworks’ model of oversized brewpub — shifts that linger to this day.
After growing to five locations by 2020, the sustainability-focused brewer has shuttered three. And on Saturday, it will pour its last pint in Vancouver. It’s a stark turnaround for a one-time craft brew darling and Portland success story.
“We had a good 11-year run, pre-covid. I’m very proud of what we created in those first 11 years. We still got that in us,” Ettinger said this week, sounding somber but resolute. “I’m an eternal optimist, and out of this, we’re going to take our time and we’re going to look deep and reinvent Hopworks for the next 17 years.”
Since COVID, people go out less, and spend
...More info on site
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USA, ME: Modestman Brewing moving operations from Keene to South Portland
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Modestman Brewing in Keene has closed and is moving its operations to South Portland, Maine, the brewery’s Facebook account announced on August 7.
The brewery, which has served people at 100 Main St. since it opened in 2019, is now doing all of its brewing and tasting services in the Maine port city, the post said.
“This move allows us to produce more beer, at a higher quality, with greater creative control, all in service of making the best possible beer for our New England community!” the post said.
The building that housed Modestman in Keene will be listed for sale, the post said.
The brewery’s owner Ash Sheehan could not be reached for comment on August 7.
That morning, a sign in the Main Street building’s front window said “Due to circumstances out of our control we cannot open this weekend. We apologize for any inconvenience.”
Modestman’s South Portland location opened in July 2023, according to coverage by The Portland Press Herald.
The Keene location’s building was previously a TD Bank, per previous Sentinel reporting. The brewery and taproom followed an earlier Elm City venture by Sheehan, who also owned Tacqueria Odelay before it closed in 2022.
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USA, CT: Stony Creek Brewery announces closure a month after acquisition
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A simple message now greets visitors to the Stony Creek Brewery’s website: “Stony Creek Brewery is Permanently Closed”, wtnh.com reported on August 7.
The popular brewery offered no explanation. On social media, a post from August 6 included the same message, with no caption.
Last month, New England Brewing Co. announced it acquired the Branford facility.
They said the Branford spot would be their new brewery location, and their old location in Woodbridge would house primary brewing operations and main headquarters for staff.
“This expansion is a long time coming and a significant milestone for us,” Rob Leonard, owner of NEBCO, said at the time. “The timing aligns perfectly for us to expand our reach in the craft beer community.”
Ed Crowley along with his son, Ed Jr. and his wife Peggy launched the Stony Creek brand in 2010 and opened the brewery in Branford in 2015. The sale included the brewery space, but not the Stony Creek brand.
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EU: Malt exports off to slow start in season 2025-26
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The EU-27 malt exports for the crop’25-26 shipping cycle are off to a slow start and sits at the lower end of volumes from
...More info on site
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World: Alcohol industry facing shifting consumer habits and economic pressures
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The global alcoholic beverage industry is facing a period of significant change as it moves through 2025. According to the latest Global Trends Report
...More info on site
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World: Craft beer market reaches estimated $186.6 bln as of mid-2025
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As of mid‑2025, the global craft beer market has reached an estimated $186.6 billion, up from $108.9 bln in 2018 — driven by shifting
...More info on site
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World: Malting barley crop prospects generally improved with rather limited downward impact on prices
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While crop prospects for malting barley are generally improved globally, the price impact has been a rather limited downward move, RMI Analytics said in
...More info on site
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EU & UK: Malting barley prices feeling pressure in the EU
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With barley harvest complete in France and wheat futures under EUR200/tonne, malting barley prices are feeling pressure, RMI Analytics reported this week.
Delays in Germany
...More info on site
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Japan: Kirin Holding’s first-half net profit declines due to higher expenses
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Kirin Holdings Co Ltd, a manufacturer of alcoholic and non-alcoholic beverages, and pharmaceutical products, on August 7 recorded a decline in net profit for
...More info on site
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Vietnam: Carlsberg’s expansion plant in Vietnam scheduled to officially come into operation in September
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The expansion of Carlsberg’s brewery in Hue city, central Vietnam, with an investment of over VND3.4 trillion ($129.66 million), has entered trial runs and is scheduled to officially come into operation in September, according to a Carlsberg Vietnam report.
The new production line will boost capacity from 410 million liters to 600 million liters per year. The expansion will make the Phu Bai Industrial Park-based plant Carlsberg’s largest in Asia and position it among the Danish brewer’s highest-output facilities worldwide.
Speaking at a working session with Hue authorities on Thursday, Carlsberg Vietnam said that H1/2025 remained challenging for the beer industry amid weak demand, shifting consumer trends, and mounting competitive pressure. Its total sales volume hit about 133 million liters, down year-on-year.
However, the company has maintained stable employment for more than 1,600 workers and contributed over VND1.5 trillion ($57.2 million) to the budget - a figure city officials called commendable given the broader context.
The brewer proposed that the city support to put the new production line into operation as scheduled, boost traditional product consumption, and crack down on unlicensed craft beer, counterfeits, and knockoffs.
The company also suggested partnering to launch more cultural and community events that promote its products alongside Hue’s distinctive
...More info on site
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UK: Winter barley harvest completed, early spring barley yields encouraging
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AHDB's third harvest 2025 report, published on August 8, shows yields improving as harvest continues - particularly for winter wheat - despite stop-start progress over the last couple of weeks, caused by short spells of often heavy rain.
The winter barley harvest in the UK is now complete, with the final hectares cut this week. Yield is one per cent down on the five-year average.
The spring barley harvest is 19 per cent complete. Early yields are encouraging; up 21 per cent on the five-year average. However, more data is needed to draw precise conclusions, as the areas harvested are mostly in eastern and southern regions, so not representative of the UK.
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Germany: Government mulls increasing drinking age for beer and wine to 18
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The German coalition government has announced its intention to curb what it sees as a high level of alcohol consumption in the federal republic. Several proposals are being weighed up, including raising the drinking age for beer and wine to 18, IamExpat.de reported on August 8.
The German government is taking aim at alcohol consumption among those under the age of 18, and has promised “concrete measures” to bring it down, according to a report in the Rheinische Post.
Currently, although you need to be 18 to buy “hard liquor”, young people between the ages of 16 and 18 are allowed to buy and drink beer, wine and sparkling wine in public, unless they are visibly drunk, while young people between the ages of 14 and 16 are allowed to consume alcohol in public if they are accompanied by a legal guardian - what is known as “supervised drinking”.
All that could be about to change, however, with Federal Health Minister Nina Warken telling the Rheinische Post that she is in favour of banning supervised drinking. Christos Pantazis, a spokesperson for the SPD, also told the newspaper that the government was considering raising the legal drinking age for wine and beer.
He
...More info on site
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Monaco & UK: Monte Carlo Beer enters UK distribution and production agreement with Molson Coors
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Monaco's Monte Carlo Beer has entered a distribution and production agreement in the UK with Molson Coors Beverage Company, Yahoo! Finance reported on August 7.
The partnership sees Molson Coors launch a new 4.8% abv lager for Monte Carlo Beer. Brewing of the product takes place at the Blue Moon brand owner's Burton and Tadcaster breweries.
It is being sold on draught in "select UK venues", the brewing major said. It launched onto the market at the end of July.
Molson Coors confirmed to Just Drinks that it has also bought Monte Carlo Beer’s “trademark portfolio” for the UK market as part of the agreement.
William Scheffer and Anthony Orengo, co-founders of Monte Carlo Beer, are still the owners of the Monégasque-based company, the Miller Lite brewer said.
Commenting on the news, Orengo said: “Molson Coors has a proven track record when it comes to working with partners across Europe to bring new innovations to the UK market.
"They’ve had huge success with brands such as Rekorderlig, Madri Excepcional and Staropramen. So, working with them to create this special addition to the portfolio was an opportunity we simply couldn’t pass up.”
Founded in 2019, Monte Carlo Beer Monaco is distributed mostly in Monaco and the French Riviera.
...More info on site
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Ireland: Irish whiskey makers close and cut production under Trump’s trade tariffs
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A clutch of independent distilleries in Ireland have closed or cut production in recent months, with giants like Diageo Plc and Pernod Ricard SA also impacted, The Hindu BusinessLine reported on August 8.
When the Killarney Brewing & Distilling Co. expanded in 2022, it boasted of being Ireland’s largest independently owned beer and whiskey producer, replete with visitor center. Last month, it closed down, the latest casualty of a short-lived boom.
The company, which started as a tap room in Kerry a decade ago before launching its blended whiskey last year, was already grappling with rising costs and supply chain disruptions. But Donald Trump’s global trade war hastened the end of the line for Killarney.
“Tariffs on Irish whiskey exports to the US and wider economic uncertainty have further impacted the business,” the company said as it shuttered with the loss of about 50 jobs.
Killarney’s troubles are a microcosm of the industry’s wider woes in Ireland. Tariffs are a further hit to a sector already beset by oversupply, faltering US demand and the soaring cost of everything from energy to labor.
A clutch of independent distilleries have closed or cut production in recent months, with giants like Diageo Plc and Pernod
...More info on site
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UK: UK drinkers believe multinationals are making it hard for small brewers
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A new YouGov poll shows two-thirds of the UK public believe multinational brewers are making it harder for small, independent breweries to survive — echoing calls for urgent market reform, The Drinks Business reported on August 8.
Sixty-eight percent of UK adults think large brewers are limiting the survival chances of independent breweries, according to new polling from YouGov.
The Campaign for Real Ale (CAMRA) says the findings show public concern that market dominance is reducing consumer choice and putting local beer production at risk. The group has renewed calls for fairer access to pubs and greater transparency in the supply chain.
Pubs tied to large chains and brewing companies often cannot stock beers from outside a pre-approved list, restricting opportunities for smaller producers.
CAMRA chairman Ash Corbett-Collins said: “These results are a wake-up call for politicians and regulators to tackle anti-competitive practices and give a level playing field to independent brewers.
“We’ve been banging on for ages about how global brewing conglomerates are locking out competition and stifling consumer choice. Now the public are backing that message loud and clear. People want to drink quality, independent beer in their local pubs, but many small brewers can’t get their foot in the door.
“The market
...More info on site
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