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E-Malt.com Newsletter 41b October 09 - October 12, 2025
Quote of the Week
If you want something you've never had, you must be willing to do something you've never done.
Thomas Jefferson

Currency Rates
Base Currency: US Dollar on October 10, 2025 |
Base Currency: Canadian Dollar on October 10, 2025 |
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1 USD = 0.8620 EUR
1 USD = 0.7488 GBP
1 USD = 1.3976 CAD
1 USD = 1.5201 AUD
1 USD = 152.8440 JPY
1 USD = 5.3529 BRL
1 USD = 81.2618 RUB
1 USD = 7.1233 CNY
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1 CAD = 0.7154 USD
1 CAD = 0.5357 GBP
1 CAD = 0.6167 EUR
1 CAD = 1.0875 AUD
1 CAD = 109.3460 JPY
1 CAD = 3.8295 BRL
1 CAD = 58.1354 RUB
1 CAD = 5.0961 CNY
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Currency Rates Chart

Equities of the Largest Breweries
USA: Constellation Brands navigating a tough beer market this year
...Click here
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USA: Beer market faces upheaval under Trump-era tariffs, study says
...Click here
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Canada, ON: Pernod Ricard upping support of its Windsor distillery
...Click here
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USA, IA: Three Iowa craft brewers combining their production in one facility
...Click here
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USA, FL: Three Odd Guys Brewing announces closure of its Apopka location
...Click here
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USA, CO: Raíces Brewing Company serves its last customers
...Click here
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USA, TN: Monkey Town Brewing Company to close its third location in Chattanooga
...Click here
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USA, DE: Iron Hill Brewery & Restaurant files for bankruptcy
...Click here
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EU: Barley, soft wheat output forecasts increased by 0.2 and 0.3 mln tonnes, respectively
...Click here
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Spain & UK: Damm launches its first brewery in the UK
...Click here
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India: Carlsberg to invest over Rs 400 crore in brownfield expansion of its Bengal brewery
...Click here
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UK: Whisky exports post modest growth in the first half of 2025
...Click here
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Japan: Japan's Asahi hack that halted beer production claimed by Qilin ransomware group
...Click here
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Japan: Beer and quasi-beer sales shrink 2% in September
...Click here
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Nigeria: Beer industry asks government to jettison introduction of tax stamp
...Click here
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Australia: Malting barley exports down 64% in August
...Click here
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Graph of the Week
Table of the Week
Slovenia Hops Area, Yields, and Production 2021-2024
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
09 October
1930 - 1st synthetic detergent, "Dreft" by Procter & Gamble, goes on sale
1946 - 1st electric blanket manufactured; sold for $39.50
1979 - 1st consumer use of home banking by computer (Knoxville Tn)
10 October
1993 - Paolo Gucci, entrepreneur/accessories designer, dies at 64
1995 - Robert E. Lucas awarded Nobel Prize in economics
2006 - Google buys YouTube.com for $1.6 billion
11 October
1617 - Franchois Vranck, economist/writer (Deduction), dies at about 62
1844 - Henry John Heinz is born. He founded the H. J. Heinz Company
1868 - Thomas Edison patents his 1st invention: electric voice machine
1887 - A. Miles patents elevator
12 October
1492 - Columbus arrives in Bahamas (real Columbus Day)
1918 - 1st use of iron lung (at Boston's Children Hospital). The iron lung is called a negative pressure ventilator. It enables a person to breathe when normal muscle control has been lost
1935 - Luciano Pavarotti born in Modena, Italy
Agenda
October 2025:
09 - 11: The Great American Beer Festival 2025 (Denver, USA)
16 - 17: Salon du Brasseur 2025 (Parc Expo Nancy, France)
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)
15 - 18: The International Beer Cup 2025 (Osaka, Japan)
December 2025:
03 - 05: Drink Japan 2025 (Makuhari Messe, Japan)
February 2026:
05 - 06: Glug Swiss 2026 (Alte Reithalle, Aarau, Switzerland)
13 - 16: HoReCa 2026 (Athens, Greece)
15 - 17: BBTech Expo 2026 (Rimini, Italy)
27 - 01 March: Finest Spirits 2026 (Munich, Germany)
March 2026:
04 - 07: Festival Brasileiro da Cerveja 2026 (Blumenau, Brazil)
18 - 19: BeerX 2026 (Liverpool, UK)
24 - 26: RMI Global Conference 2026 (Lisbon, Portugal)
April 2026:
07 - 09: Craft Beer China 2026 (Shanghai, China)
16 - 18: KIBEX 2026 (Seoul, South Korea)
20 - 22 May: Craft Brewers Conference & BrewExpo America 2026 (Philadelphia, USA)
May 2026:
04 - 07: Worldwide Distilled Spirits Conference 2026 (EICC, Edinburgh, Scotland, UK)
04 - 07: Worldwide Distilled Spirits Conference 2026 (Edinburgh, UK)
29 - 30: Tallinn Craft Beer Weekend 2026 (Tallinn, Estonia)
June 2026:
09 - 11: Brasil Brau 2026 (Sao Paulo, Brazil)
News Articles
USA: Constellation Brands navigating a tough beer market this year
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Constellation Brands is navigating a tough beer market as multiple pressures weigh on consumption, Yahoo! Finance reported on October 8.
"The overall industry is a
...More info on site
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USA: Beer market faces upheaval under Trump-era tariffs, study says
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The US beer market faces upheaval under Trump-era tariffs, with new research suggesting multinational brewers could benefit at the expense of independent craft producers,
...More info on site
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Canada, ON: Pernod Ricard upping support of its Windsor distillery
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As Diageo plans the closure of its Crown Royal facility in Ontario, French competitor Pernod Ricard is upping support of its own Canadian distillery in Windsor, The Spirits Business reported on October 8.
Recent investments by the French firm into its Hiram Walker Distillery in Windsor, Ontario, are said to be in the region of CA$100 million (US$71.75m), with local news outlet Windsor Star reporting that a further cash injection of CA$15m (US$10.75m) is expected to be put into the site this year.
This further investment is said to be a reaffirmation of the company’s long-term local plans, according to Josh Reit, Pernod Ricard’s senior director of operations at Hiram Walker.
“This site for Pernod Ricard is extremely strategic in North America,” Reit told the Windsor Star. “We look at not only its strategic position with North American supply. We also look at its overall footprint and its capabilities.
“We have the capabilities for rum distillation, whisky distillation, vodka distillation. We also do gin. So not only its location, but its versatility.”
The distillery, which is the largest in North America, has been in continuous operation since opening in 1858. It has been owned by Pernod Ricard since 2005 and employs 450 local workers.
The Hiram
...More info on site
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USA, IA: Three Iowa craft brewers combining their production in one facility
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Three popular brands in Iowa craft brewing are combining their production in one facility in Waterloo, kcrg.com reported on October 7.
SingleSpeed Brewing Company announced that Backpocket Brewing and Peace Tree Brewing will relocate their production facilities to SingleSpeed’s location in the former Wonder Bread factory on Commercial Street. The combined operation will be called “The Brewery @ WonderBread and is slated to open in early 2026.
“This is a win for Waterloo, for Iowa craft beer, and for every fan who has supported our breweries along the way,” said Dave Morgan, Founder, SingleSpeed. “By bringing these teams together at our WonderBread facility, we’re building a destination that showcases the best of Iowa beer and sets the stage for future innovation.”
SingleSpeed said it will need approval from the City of Waterloo to expand its facility to house the added production.
As part of the agreement, SingleSpeed is purchasing Backpocket’s intellectual property to its products.
“This collaboration ensures our brands and Iowa’s craft beer tradition will not only endure, but thrive,” said Aaron Vargas, Owner of Backpocket/Peace Tree.
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USA, FL: Three Odd Guys Brewing announces closure of its Apopka location
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Three Odd Guys Brewing announced the closure of its 48 E. 5th St. location in an Oct. 5 Facebook post, The Apopka Chief reported on October 7.
“After five years of serving the Apopka community, it is with heavy hearts that we announce the closure of our Three Odd Guys Brewing Apopka location on October 31, 2025,” Three Odd Guys Brewing said in the post. “This was an incredibly difficult decision, and we are grateful for the support you have shown us since we first opened our doors during the COVID-19 pandemic.”
Three Odd Guys attributed the closure to “rising operational costs.” The brewery no longer serves pizza at its Apopka location but did thank customers for purchasing its craft beer.
“Our membership programs, existing orders, gift cards, and scheduled events will be honored at our other company locations such as: Three Odd Guys Brewing (Longwood, Florida) and Broken Strings Brewery (Orlando, Florida),” Three Odd Guys said in the post.
In a comment on another Oct. 5 post from Three Odd Guys, Vice Mayor Diane Velazquez credited Three Odd Guys with bringing more guests to Fifth Street and reminisced about her time at the brewery.
“It was the only place downtown
...More info on site
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USA, CO: Raíces Brewing Company serves its last customers
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Raíces Brewing Company has served its last customers, Denverite reported on October 9.
The West Colfax brewery — which specializes in Central and South American brews and culture — announced on October 8 it was closing its doors immediately.
In a letter to customers posted to its website, the brewery blamed its closure on outstanding taxes, which came to a head in December when the city threatened to seize its property and possessions to cover back taxes.
“Since 2024, Raíces Brewing Co. has faced a series of unexpected charges from the City of Denver’s Department of Taxation, related to a tax known as the Personal Property Tax,” the brewery's letter said. “This tax — which is not imposed in all cities and of which we had never been previously notified — taxes the furniture and equipment located inside a business.”
But city officials said personal property taxes were just a small fraction of the brewery's tax obligation. The bulk came from sales taxes, they said.
"Unfortunately, Raices Brewing Company owes the City and County of Denver $98,703.48 in unpaid sales taxes -- $65,640.55 of which is from back taxes the city has been working to collect from Raices. This is sales tax that businesses are
...More info on site
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USA, TN: Monkey Town Brewing Company to close its third location in Chattanooga
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A brewery with historic ties to Dayton, Tennessee will be closing the doors of its third location in Chattanooga, News Channel 9 reported on October 8.
Monkey Town Brewing Company announced on Facebook that their Chattanooga location will officially close on October 13th.
"After 3 years, we have made the decision to turn our main focus back to our Loudon and Dayton locations, as we have acquired some historic buildings downtown and have big plans to keep growing Dayton."
The restaurant says the new owners of the building will be utilizing their brewing equipment to offer a selection of house-made beers.
"Because we own our building, we wanted to make sure that whoever bought the property would be able to bring a restaurant & brewery to fill the void of us leaving."
The original Monkey Town Brewing Company--named after the Scopes trial-- is just a short drive away in Dayton.
"We want to thank all of our incredible customers over the years that came through our doors, treated us like the 'neighborhood brew pub' we wanted to be and were the most patient and understanding people we could have hoped for. We were not perfect and made plenty of mistakes, but at the end of the
...More info on site
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USA, DE: Iron Hill Brewery & Restaurant files for bankruptcy
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Iron Hill Brewery & Restaurant filed for bankruptcy following an abrupt closure of all its locations last month, PennLive.com reported on October 8.
The Delaware-based chain, which operated a restaurant in Derry Township, filed for Chapter 7 bankruptcy under U.S. Bankruptcy Court in New Jersey.
Unlike Chapter 11, which allows a company to reorganize and remain open, Chapter 7 allows for liquidation.
According to the Philadelphia Inquirer, bankruptcy documents show Iron Hill has $125,000 in the bank and owes creditors $20 million.
The Inquirer said in recent years the company had rapidly expanded, opening restaurants in South Carolina and Georgia and increasing canned beer production.
But those efforts clearly didn’t pay off. Citing bankruptcy documents, the Inquirer reported Iron Hill corporate brought in about $242,000 in gross revenue from business operations. In contrast, the restaurants brought in $25 million.
On Sept. 25, the brewpub chain announced it had permanently closed all 16 locations.
“After many wonderful years serving our communities, all Iron Hill locations have closed,” it said. “It has been our pleasure to serve you, and we are deeply grateful for your support, friendship and loyalty over the years.”
“We sincerely hope to return in the future, and when we do, we promise to welcome you with
...More info on site
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EU: Barley, soft wheat output forecasts increased by 0.2 and 0.3 mln tonnes, respectively
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Expana has raised its monthly grain production forecast for European Union crops for the 2025/26 season, projecting soft wheat output will hit a record
...More info on site
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Spain & UK: Damm launches its first brewery in the UK
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Spanish brewer Damm has opened its first production facility outside of the Iberian Peninsula, following a GBP70m (US$94m) investment in its Eagle Brewery site
...More info on site
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India: Carlsberg to invest over Rs 400 crore in brownfield expansion of its Bengal brewery
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Carlsberg India will invest over Rs 400 crore in Bengal for the brownfield expansion of its brewery at Dhanekhali in Hooghly. This is part of the expansion strategy of the global beer giant in India, the Times of India reported on October 8..
This comes after the company announced the signing of a MoU with the Union ministry of food processing industries at World Food India 2025
“The agreement reaffirms Carlsberg’s long-term commitment to India through proposed investments of Rs 1,250 crore across key states. The investments will significantly strengthen Carlsberg India’s brewing and packaging footprint with investments of Rs 500 crore towards a new greenfield facility in Ahilyanagar, Maharashtra, Rs 400 crore for brownfield expansion in Bengal’s Hooghly and Rs 350 crore for brownfield expansion in Mysuru, Karnataka,” the company said.
The Dhanekhali brewery has a capacity of 7.2 lakh cases per month. Sources added, the capacity is likely to be doubled.
According to the company, the projects will together generate large-scale employment opportunities and stimulate growth across its customers, suppliers and multiple service providers. Over the next three years, Carlsberg India expects incremental procurement of nearly Rs 600 crore in raw and packaging materials, directly benefiting industries such as malt production, glass,
...More info on site
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UK: Whisky exports post modest growth in the first half of 2025
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Whisky shipments from the UK – which includes scotch – posted modest growth in the first half of 2025, according to a recent report
...More info on site
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Japan: Japan's Asahi hack that halted beer production claimed by Qilin ransomware group
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Qilin, a ransomware group with a track record of cyberattacks on major entities around the world, claimed responsibility on October 7 for a hack on Japan's Asahi Group Holdings that disrupted production at the beer and beverage giant, Reuters reported.
Asahi Group's beer-making subsidiary, Asahi Breweries, said on October 6 it had restarted production at its six Japanese beer plants on October 2. It first said it had been hacked on September 29.
Qilin, which operates a ransomware-as-a-service platform that allows users to carry out attacks in exchange for a percentage of extortion proceeds, posted 29 images to its website on October 7 of what the group claims to be internal Asahi Group documents.
The group claims to have stolen more than 9,300 files, or roughly 27 gigabytes of data, according to the entry on its website.
Reuters could not immediately verify the authenticity of the documents.
An Asahi Group Holdings spokesperson said in an email late on October 7 that the matter was still under investigation and the company declined to comment on Qilin's claims, or any details about extortion demands or negotiations.
Qilin did not respond to a request for comment.
Qilin has been a prolific ransomware service since first emerging in 2022 with 870
...More info on site
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Japan: Beer and quasi-beer sales shrink 2% in September
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Beer and quasi-beer sales at four major Japanese brewers in September shrank 2 pct from a year earlier in terms of volume, down for the sixth straight month, an estimate by an industry official showed on October 10.
The estimate was made as Asahi Breweries Ltd. did not disclose its sales figures for the month, due to a system failure caused by a cyberattack that was confirmed on Sept. 29.
The pace of decline in beer and quasi-beer sales slowed from 11 pct in August thanks to a rebound in dining demand. Sales to businesses picked up for the first time in half a year.
"Fewer consumers dined out in August due to the summer heat, but the number rebounded in September," a brewery official said.
Beer sales rose 1 pct in September while sales of "happoshu" quasi-beer products and beer-like "third-segment" alcoholic beverages were down 4 pct and 7 pct, respectively.
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Nigeria: Beer industry asks government to jettison introduction of tax stamp
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Nigeria’s beer industry has requested the Federal Government to jettison the introduction of tax stamp because of its negative consequences for the economy, The Nation Newspaper reported on October 8.
It announced support for the Manufacturers Association of Nigeria (MAN)’s call for the government to rescind the proposal to introduce tax stamps.
The industry called on the Federal Government to sustain existing home-grown digital systems that deliver full visibility of excise operations.
Executive Director, Beer Sectoral Group of MAN, Abiola Laseinde said the tax stamps (digital identifiers also referred to as tack and trace systems) will be counterproductive.
She warned that the system presents operational challenges and financial risks that could undermine the fragile recovery of the manufacturing industry and the Nigerian economy.
She added in a statement that “the tax stamps system is largely inefficient, causing production slowdowns, distribution delays, product stock-outs, and high compliance costs.”
She explained that the industry is concerned that this proposal is coming at a time when operators are already “grappling with rising excise rates, foreign exchange volatility, and high inflation—making the additional burden of implementing tax stamps a serious threat to business sustainability”.
“Tax stamps are often positioned as a solution to illicit trade, would have no benefit to beer
...More info on site
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Australia: Malting barley exports down 64% in August
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Australia exported 494,419 tonnes of barley and 167,155t of sorghum in August, according to the latest data from the Australian Bureau of Statistics.
The barley comprises 118,399t of malting, down 64 percent from the 328,650t shipped in July, and 376,020t of feed, up 25pc from the July figure.
On feed, China on 269,292t was the biggest market by far for August shipment, followed by Japan on 96,700t, and Vietnam on 3589t.
In malting exports, China on 113,439t accounted for the vast majority of exports, followed by Vietnam on 2012t, and Singapore on 1980t.
China was also the dominant market by far for sorghum, taking 162,557t, with Taiwan on 3374t, The Philippines on 1203t, and Japan on 22t the only other destinations for August.
Compass Grain director Sam Roache said shipping stems indicated Australia’s barley exports in September would be around half the August total, ahead of the lowest carry-out on record.
“These lower exports are not demand driven, with Chinese buying remaining strong right through the August-December period,” Mr Roache said.
“Overall, Australia has remained competitive on price to China versus the other options in Ukraine, France and Canada.
“Argentina is beginning to compete with us on price today as they get closer to harvesting an improved crop
...More info on site
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