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E-Malt.com Newsletter 42a
October 13 - October 15, 2025
Quote of the Week
I say luck is when an opportunity comes along and you're prepared for it.
Denzel Washington
Currency Rates
Base Currency: US Dollar
on October 15, 2025 |
Base Currency: Canadian Dollar
on October 15, 2025 |
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1 USD = 0.8634 EUR
1 USD = 0.7513 GBP
1 USD = 1.4048 CAD
1 USD = 1.5431 AUD
1 USD = 151.9590 JPY
1 USD = 5.4738 BRL
1 USD = 79.9873 RUB
1 USD = 7.1286 CNY
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1 CAD = 0.7118 USD
1 CAD = 0.5348 GBP
1 CAD = 0.6145 EUR
1 CAD = 1.0983 AUD
1 CAD = 108.1600 JPY
1 CAD = 3.8961 BRL
1 CAD = 56.9324 RUB
1 CAD = 5.0739 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, NE: Lovely Brewing Company coming to Ralston in October
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USA, MO: Ferguson Brewing Company to shut down for good later this year
...Click here
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USA, NY: Summerhill Brewing announces sudden closure
...Click here
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USA, NY: Naples Brewing Co. to close as of November 1
...Click here
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USA, ID: Mad Swede Brewing Company saying goodbye to Boise
...Click here
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Japan: Asahi to postpone financial results due to fallout from cyberattack
...Click here
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Nigeria: Nigerian Breweries urging for homegrown regulatory solutions
...Click here
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The Czech Republic: Hop harvest expected to be slightly above average this year
...Click here
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Japan: Brewing giant Asahi forced by hackers back to pen and paper
...Click here
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Brazil: Brazil’s top court to rule on beverage control system
...Click here
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Malaysia: Beer prices expected to rise between 3% and 15% from November
...Click here
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The Netherlands: Heineken reorganizing its headquarters in Amsterdam
...Click here
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Cyprus: Beer sales see significant increase in September
...Click here
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China: China Resources Beer names new president, CFO
...Click here
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India: Beer industry urges government for relaxation on aluminium cans imports
...Click here
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India: Brewer B9 Beverages facing internal turmoil as employees call for change in leadership
...Click here
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Graph of the Week
Table of the Week
UK Malt Exports 2020-2024
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
13 October
1884 - Greenwich established as universal time meridian of longitude
1971 - Intel Corp. goes public on NASDAQ
1987 - Walter H Brattain, U.S. physicist (transistors, Nobel 1956), dies at 85
14 October
1773 - The first recorded Ministry of Education, the Commission of National Education, is formed in the Polish-Lithuanian Commonwealth
1888 - Louis Le Prince films first motion picture: Roundhay Garden Scene
15 October
1878 - Edison Electric Light Company incorporated
1908 - John Kenneth Galbraith is born, economist, Affluent Society-58 Hillman Award
1993 - Amstel brewery on Curacao produces 1,000,000,000th bottle
Agenda
October 2025:
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)
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
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USA, NE: Lovely Brewing Company coming to Ralston in October
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New brews are headed to Ralston. Lovely Brewing Company is opening in the city this October, Omaha.com reported on October 11.
The brewery said in a Facebook post that it’ll serve up a variety of beers but will have a focus on lagers.
The new spot, located at 7628 Main St., hosted an Oktoberfest event Sept. 27 with German inspired cocktails and dishes.
There isn’t an official opening date for the brewery, but its website states it will open "in the middle of October."
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USA, CA: Temescal Brewing files for bankruptcy
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A popular Oakland craft brewery has filed for bankruptcy, the San Francisco Chronicle reported on October 10.
Temescal Brewing, with its colorful taproom known for balanced lagers and hazy IPAs, initiated the Chapter 11 bankruptcy process on October 10. But CEO and owner Brandon Börgel emphasized that the brewery is not closing.
“I genuinely believe that it’s going to hopefully give us a fresh start and an opportunity to stick around for the long term,” Börgel said.
It’s the latest in a string of major changes for Bay Area breweries amid a national decline in alcohol consumption. In September, San Francisco’s 21st Amendment Brewery shut down, citing declining sales and a “cash bleed.” In April, HenHouse and Fort Point breweries merged, framing the move as a way to avoid being “one of the many breweries that’s gone out of business in the last few years.”
Debt had been mounting for Temescal. In 2019, three years after opening its original taproom and beer garden, the brewery opened a large facility in Jack London Square, with the goal of increasing production significantly. “Unfortunately the pandemic just made that not a reality,” Börgel said. “So we had doubled our overhead just as business took a downturn. That
...More info on site
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USA, MO: Ferguson Brewing Company to shut down for good later this year
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The Ferguson Brewing Company will close its doors for the final time later this year, the company announced on October 10.
The owners of the brewery made the announcement on Facebook and said their final day of service will be on Dec. 20 of this year.
“After 15 and a half years of riding the roller coasters of ups and downs, and facing challenges and adversities at every corner; we came to the sad realization that we just couldn’t continue any longer,” read part of the post.
The owners said they were not able to find someone to buy the brewery but were able to find a buyer for the building who will turn it into something new. The new owners are also local to Ferguson, the company said.
A joint statement from Ferguson Brewing Company and the new building owners about the future of the location is expected next week.
"We hope you all will come by one last time to enjoy your favorite brew, see your favorite server/bartender, and enjoy a fresh cooked meal with us. Thank you so, so much for everything you’ve done for us and our family," the Company said.
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USA, NY: Summerhill Brewing announces sudden closure
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A small craft brewery known for its beer selection, frequent live music sessions and camping spaces closed suddenly this week, New York Upstate reported on October 9.
Summerhill Brewing, in rural southern Cayuga County, announced the closing Wednesday on social media. The brewery opened in 2019 at 14408 State Route 90, about halfway between the Cayuga County village of Locke and the Cortland County village of Homer.
“Every season has a beginning and an end,” the brewery’s Facebook post said. “Due to very unexpected circumstances beyond our control, we have closed. We are so thankful to each and everyone who has supported us on our journey! Be kind to yourself and others. Peace, Love and Music!”
The owners could not be reached for further information.
The brewery was started by Jeff and Sally Ten Eyck, who began as homebrewers. They sold it to their manager Jennifer Giroux and brewer Greg Warren in 2024, according to a report by the Auburn Citizen.
The brewery’s kitchen served pizzas and other bar food, like nachos and quesadillas. Its drinks list included local wines and ciders, and some beer-based cocktails.
Summerhill had its own beers on tap, ranging from a brown porter to a hazy IPA and a chili pepper
...More info on site
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USA, NY: Naples Brewing Co. to close as of November 1
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Naples Brewing Co., which quickly became a fixture in this lively Ontario County village since opening in 2021, has announced it will be closing as of Nov. 1, the Democrat and Chronicle reported on October 10.
In a post Oct. 9, owners Dan diGiovanna, Trevor Andrews, Larkin Ryan and Jillian Foster said shifts in the beverage industry, career changes and growing families meant the time has come to close up shop.
“While it’s difficult to end this chapter, we collectively believe that life flows through stages, and this one has truly been wonderful,” the Facebook post reads. “We are so thankful for the opportunity to bring this dream to life over the past five years. It has been an honor getting to know so many members of the community, and we loved being involved in such a range of events over the years. We’ll never take for granted all the support we received!”
College buddies Dan diGiovanna and Trevor Andrews opened Naples Brewing Co. in 2021 at 104 N. Main St. in the village, about a year before nearby Engine 14 Brewery opened in space owned by Hazlitt Red Cat Cellars and a devastating fire damaged Hollerhorn Distilling, which reopened
...More info on site
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USA, ID: Mad Swede Brewing Company saying goodbye to Boise
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A local brewery is saying goodbye to Boise, Boisedev.com reported on October 10.
In an email to customers, Mad Swede Brewing Company announced that its Cole Rd. taproom and production facility in South Boise will permanently close next week. The downtown Boise taproom will close at the end of the year.
The email cited “a tough run ever since the pandemic” as the reason for the closure.
Additionally, the email hinted that another brewery could take over the Cole Rd. space, saying “…rest assured, we want to raise one more glass (or several) together before we pass the torch to the next generation of Boise brewers.”
Jerry and Susie Larson opened opened Mad Swede in South Boise in 2016. While the two spent much of their careers working as engineers for Hewlett-Packard, brewing beer was always a hobby, and eventually a business.
Mad Swede is known for Viking-themed brews with edgy and cheeky names. The brewery offers Bad Motha-Fika Coffee Brown Ale, Naked Sunbather Nut Brown Ale and Lollygagger Lager, among other varieties.
Jerry Larson told BoiseDev that the craft beer industry already appeared poised for a flattening out when the pandemic hit. At that point, cash flow for the business essentially went to zero,
...More info on site
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Japan: Asahi to postpone financial results due to fallout from cyberattack
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Asahi Group will postpone its financial results due to the fallout from a cyberattack that disrupted production of Japan's most popular beer, Market Screener reported.
The company said in a statement on October 14 that it will delay disclosure of results for the third quarter of the fiscal year ending Dec. 31.
This follows a ransomware attack on Sept. 29, which disrupted ordering and shipment processes at its operations in Japan.
The incident also affected access to accounting-related data, Asahi said, leading to delays in financial closing procedures. Asahi partially restarted beer production and shipments on Oct. 6 and stated Tuesday that ensuring supplies reach customers is its "top priority."
For now, it is manually processing orders and shipments.
"While the company is making every effort to restore the system as quickly as possible, a timeline for full recovery cannot be provided at this time," it said.
Asahi added that it's reviewing the impact of the system disruption on its financial performance and will announce a new date for its earnings release, the timing of which depends on when the systems will be fully restored.
Analysts at Bernstein expect the cyberattack to cause a "lingering hangover" even in the best-case scenario.
In a note last week, they reduced
...More info on site
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Nigeria: Nigerian Breweries urging for homegrown regulatory solutions
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Nigerian Breweries Plc has urged the Federal Government to adopt homegrown regulatory solutions that support industrial growth, warning against the proposed introduction of foreign tax stamps on excisable goods, The Nation Online reported on October 13.
The company said the plan could duplicate existing monitoring systems, increase production costs, and hurt consumers, stressing the need to strengthen local compliance frameworks instead.
Speaking during a media parley in Lagos, Corporate Affairs Director, Nigerian Breweries Plc, Uzodinma Odenigbo, said the industry already operates under robust excise monitoring mechanisms, making a foreign tax stamp unnecessary.
“Our industry is one of the most compliant in Nigeria. Customs officers have dedicated workstations in our breweries; FIRS monitors production through e-invoicing, and we use the Excise Reporting System for real-time data. Introducing a foreign tax stamp is unnecessary, costly, and counterproductive,” Odenigbo said.
He explained that beer production in Nigeria is highly capital-intensive, with full traceability from manufacturing to retail.
According to him, the proposed tax stamp system, already proven problematic in other African countries, could drive up operating costs, increase product prices, and hurt consumers.
He said: “In Tanzania, productivity dropped by 40 per cent after tax stamps were introduced, while Mozambique recorded a 20 per cent decline. These are clear
...More info on site
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The Czech Republic: Hop harvest expected to be slightly above average this year
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This year’s Czech hop harvest is expected to be slightly above average, according to preliminary estimates, Luboš Hejda, head of the Czech Hop Growers
...More info on site
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Japan: Brewing giant Asahi forced by hackers back to pen and paper
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Only four bottles of Asahi Super Dry beer are left on the shelves of Ben Thai, a cosy restaurant in the Tokyo suburb of Sengawacho, the BBC reported on October 11.
Its owner, Sakaolath Sugizaki, expects to get a few more soon, but she says her supplier is keeping the bulk of its stock for bigger customers.
That's because Asahi, the maker of Japan's best-selling beer, was forced to halt production at most of its 30 factories in the country at the end of last month after being hit by a cyber-attack.
While all of its facilities in Japan - including six breweries - have now partially reopened, its computer systems are still down.
That means it has to process orders and shipments manually - using pen, paper and fax machines - resulting in much fewer shipments than before the attack.
Asahi accounts for about 40% of Japan's beer market, so its problems are having a major impact on bars, restaurants and retailers.
The company has apologised "for any difficulties caused by the recent attack" but has not yet said when it expects its operations to be fully up and running again.
The BBC visited convenience stores and supermarkets in Tokyo and Hokkaido - where workers said
...More info on site
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Brazil: Brazil’s top court to rule on beverage control system
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Brazil’s Supreme Court has scheduled a hearing on the discontinuation of the Beverage Production Control System (SICOBE) for October 17th. The justices will deliver, in a virtual plenary session, their opinions on the decision of Justice Cristiano Zanin, the rapporteur of the case, which suspended the system’s reinstatement in April 2025, Valor International reported on October 10.
In the virtual session, the justices only deliver their opinions and there is no debate. The hearing begins at 11:00 am with the reporting justice’s vote and ends at 11:59 pm on October 24th.
SICOBE was used by beverage companies to record the quantity of beer, soft drinks, and bottled water produced, as well as identify the brand and type of product manufactured. It was supervised by the Federal Revenue Service but operated by a private company.
The system was discontinued in 2016 because it was considered costly and outdated, but it was reactivated by a decision of the Federal Court of Accounts (TCU), a public spending watchdog unrelated to Brazil’s judiciary branch. Justice Zanin later overturned TCU’s decision.
The resumption of the trial comes amid the ongoing crisis involving methanol contamination in distilled alcoholic beverages. The trial, however, will only address the tax issue.
In suspending TCU’s
...More info on site
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Malaysia: Beer prices expected to rise between 3% and 15% from November
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Beer prices in Malaysia are expected to rise between 3% and 15% from November, depending on alcohol content and distribution channel, with the just-announced 10% excise duty hike on alcohol, according to analysts, The Edge Malaysia reported on October 13.
With the excise duty due to go up by 10% to RM192.50 from RM175 per litre for pure alcohol, alcoholic beverages with higher alcohol content are set to see the most increase.
CGS International estimated that beer prices would need to rise by around 3% to offset the higher tax, while RHB Research foresees a 4% to 5% increase in prices. CIMB Securities said the retail price increase could range between 5% and 15%, depending on the alcohol content and distribution channel.
The increase in excise duty is the first such adjustment since 2016.
Brewery stocks were down in the morning session on October 13, when the market reopened after last Friday's budget announcement, extending losses that they have seen since May on tax hike fears. CGS International said the two brewers' combined market value has fallen 20% since late May.
Heineken Malaysia Bhd's share price dropped as much as 46 sen or 2.2% to RM20.34 during the morning session. At market close, the stock
...More info on site
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The Netherlands: Heineken reorganizing its headquarters in Amsterdam
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Beer brewer Heineken is reorganizing its headquarters in Amsterdam, affecting around four hundred jobs. “The changes at headquarters are part of broader initiatives to create a more agile, simpler, and better-connected organization focused on growth and innovation,” the company said.
According to a spokesperson, 1,750 people work at the headquarters. Some roles will be moved abroad, while others will be cut entirely. “We understand that these changes affect our employees and are committed to guiding them through the process with care and respect,” explained Heineken CEO Dolf van den Brink.
The move is intended to speed up the growth of Heineken Business Services (HBS). In May, the company revealed plans to expand the division with a new service center in Hyderabad, India.
The unions De Unie and MHP Heineken expressed regret over the reorganization but were not surprised by the renewed cost-cutting measures. “Sales in several of Heineken’s markets are under pressure, and shareholder interests carry a lot of weight. Employees constantly feel the impact of both,” said De Unie. “We also cannot shake the impression that the company’s low stock price is contributing to this situation.”
De Unie said it will “make every effort” to assist staff affected by the job cuts. The
...More info on site
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Cyprus: Beer sales see significant increase in September
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Beer deliveries in Cyprus recorded a significant annual increase of 24.1% in September 2025, according to figures released by CySTAT.
Total beer deliveries (domestic and exports) rose to 4,371,557 litres, compared with 3,521,303 litres in September 2024. Deliveries for domestic consumption increased by 23.5% to 4,188,054 litres, up from 3,390,478 litres a year earlier.
Exports also showed an annual increase of 40.3%, reaching 183,503 litres compared with 130,825 litres in September 2024.
Over the first nine months of 2025, however, total beer deliveries fell by 2.4% (or 378,619 litres) to 34,397,823 litres, from 34,776,442 litres in the same period of 2024.
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China: China Resources Beer names new president, CFO
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China Resources Beer has named a new president and a new CFO, the Hong Kong-listed brewer has announced on October 13.
Jin Hanquan has been appointed to the roles of president and executive director at the Snow brewer.
He has worked for the China Resources (Holdings) Company Limited group since 2012.
Jin takes on the role of president from Zhao Chunwu, who had been China Resources Beer's president and chairman since June.
Zhao was named chairman in June after Hou Xiaohai resigned as executive director and chairman to focus on “other personal engagements”. He is to stay on as China Resources Beer's chairman.
The company, meanwhile, has named Yang Hongxia as CFO. Yang, another China Resources group veteran, succeeds Zhao Wei, who stepped down last month.
For the first half of 2025, the group reported unaudited consolidated turnover of 23.94bn yuan ($3.36bn), up 0.8% year on year.
The group said its gross profit margin rose by two percentage points to a record 48.9%, “benefiting from the continuous development of the beer business’s premiumisation strategy and savings in raw material procurement costs”.
Unaudited EBIT reached 7.69bn yuan and profit attributable to shareholders was 5.79bn yuan, up 20.8% and 23.0% respectively.
Beer sales volume was approximately 6.48million kilolitres, a 2.2% increase
...More info on site
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India: Beer industry urges government for relaxation on aluminium cans imports
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India’s beer industry, which has been facing an acute shortage of aluminium cans and fearing an impact on growth trajectory, has urged the government for a 'short-term regulatory relaxation' in quality control norms to ensure uninterrupted supply from overseas, Rediff Money Desk reported on October 12.
The beer industry is facing an annual deficit of 12-13 crore units of 500 ml cans, which account for almost 20 per cent of total beer sales in the country, and it may also lead to a shortfall of around Rs 1,300 crore in government revenues, according to the Brewers Association of India (BAI).
Aluminium cans were brought under the ambit of mandatory BIS (Bureau of Indian Standards) certification by the government from April 1, 2025, through a quality control order (QCO), which has resulted in short-term supply problems for beer as well as other beverage packaging industry in the country.
Key aluminium can suppliers, BALL Beverage Packaging India and Can-Pack India, have already exhausted their domestic capacity at their manufacturing units in India and have conveyed that they will be unable to increase supply for at least another 6-12 months, until new production lines are added.
Besides, due to the QCO, the beer industry cannot import cans
...More info on site
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India: Brewer B9 Beverages facing internal turmoil as employees call for change in leadership
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B9 Beverages, the company behind the craft beer brand Bira 91, is facing internal turmoil as more than 250 employees have called for a “change in leadership”. The employees have petitioned the company’s board and key investors, including Japan’s Kirin Holdings, Peak XV Partners, and its largest lender, Anicut Capital, seeking the removal of founder and CEO Ankur Jain from management, according to a report by The Economic Times.
The petition, submitted after a company-wide town hall in September, cites “corporate governance failure”, “lack of transparency”, and “delays in employee dues and salaries”. It also points to lawsuits filed by creditors, deteriorating financials, and pending vendor payments as reasons for demanding a new leadership structure, the news report said.
The news report quoted industry sources saying production at Bira 91’s facilities came to a standstill in July, adding to concerns about the company’s financial health. They also said that BlackRock, which had been in advanced discussions to invest ₹500 crore in B9 Beverages’ promoter group, withdrew from the deal.
The privately held company’s key board members include Jain, his mother, and his wife. As of June 2025, the Jain family held a 17.8 per cent stake, while Kirin Holdings remained the
...More info on site
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