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E-Malt.com Newsletter 19b
May 08 - May 11, 2025
Quote of the Week
When the bee comes to your house, let her have beer; you may want to visit the bee's house some day.
Congolese proverb
Currency Rates
Base Currency: US Dollar
on May 09, 2025 |
Base Currency: Canadian Dollar
on May 09, 2025 |
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1 USD = 0.8867 EUR
1 USD = 0.7523 GBP
1 USD = 1.3880 CAD
1 USD = 1.5573 AUD
1 USD = 144.8140 JPY
1 USD = 5.7098 BRL
1 USD = 81.8350 RUB
1 USD = 7.2307 CNY
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1 CAD = 0.7203 USD
1 CAD = 0.5419 GBP
1 CAD = 0.6387 EUR
1 CAD = 1.1218 AUD
1 CAD = 104.3160 JPY
1 CAD = 4.1130 BRL
1 CAD = 58.9492 RUB
1 CAD = 5.2086 CNY
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Currency Rates Chart
Equities of the Largest Breweries
World: Molson Coors posts dismal Q1 results, projects 2025 sales to decrease
...Click here
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USA: Beer industry supports 2.42 mln jobs in the US, new study reveals
...Click here
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USA: AMBA launches project aimed at quantifying the environmental impact of barley farming
...Click here
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USA, OH: Black Frog Brewery to become the Black-owned brewery in Cleveland
...Click here
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World: AB InBev’s first-quarter operating profit shows more than double the increase expected by analysts
...Click here
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World: European beer makers remain confident about growth potential despite US tariffs
...Click here
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World: Malting barley prices steady to higher as dryness concern creeps into markets
...Click here
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Singapore: ThaiBev reports 3.2% drop in first-half earnings
...Click here
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China: Budweiser Brewing Company APAC sees first-quarter earnings fall on weak China demand
...Click here
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EU: Malting barley prices bounce back higher over the last days
...Click here
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Chile: Brewer Compania Cervecerias Unidas reports Q1 2025 results
...Click here
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Malaysia: Heineken Malaysia’s net profit for the first quarter largely unchanged from a year earlier
...Click here
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World: HSBC lowers Carlsberg to ‘hold’ following weaker-than-expected first-quarter results
...Click here
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Malaysia: Carlsberg Brewery Malaysia not expecting any direct impact from US tariffs
...Click here
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Germany: Oettinger brewery becomes target of a cyber attack
...Click here
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The Netherlands: Heineken taking legal action against Jumbo supermarket chain
...Click here
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Ethiopia: BGI-Ethiopia appoints new Chief Executive Officer
...Click here
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Graph of the Week
Table of the Week
Germany Beer Market Overview
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
08 May
1888 - George Eastman patents "Kodak box camera"
1899 - Friedrich August von Hayek is born in Vienna (Nobel Prize in economics in 1974)
1929 - John Clifton Bogle, future founder of the Vanguard Group of Investment Cos., is born in Montclair, N.J.
09 May
1785 - British inventor Joseph Bramah patents beer-pump handle
1886 - At the soda fountain of Jacob's Pharmacy in Atlanta, Dr. John S. Pemberton sells the first glass of Coca-Cola, his new "tonic" beverage
10 May
1837 - As New York banks suspend payment of loans in specie (gold coins), the Panic of 1837 begins - setting off the deepest economic depression the United States will suffer until 1929
1869 - The First Transcontinental Railroad, linking the eastern and western United States, is completed at Promontory Summit, Utah (not Promontory Point, Utah) with the golden spike
1950 - The Digital Age takes a huge leap forward. At the National Physical Laboratory in the British village of Teddington, Alan Turing's Pilot Model Advanced Computing Engine (ACE), one of the world's earliest general-purpose electronic computers, runs its first program
1975 - Sony introduces the Betamax videocassette recorder in Japan
11 May
1861 - In a move of symbolic support for the Union, the New York Stock Exchange bans all trading in Confederate stocks and bonds. (However, members are still free to short-sell any Union securities they choose)
1907 - Bank of San Francisco incorporated
1928 - General Electric opens 1st TV-station (Schenectady, New York)
2010 - David Cameron becomes Prime Minister of the United Kingdom following talks between the Conservatives and Liberal Democrats to form the UK's first coalition government since World War II after elections produced a hung parliament
Agenda
May 2025:
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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World: Molson Coors posts dismal Q1 results, projects 2025 sales to decrease
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Molson Coors Beverage Company posted on May 8 dismal first-quarter 2025 results, wherein the top and bottom lines missed the Zacks Consensus Estimate and
...More info on site
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USA: Beer industry supports 2.42 mln jobs in the US, new study reveals
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The Beer Institute and the National Beer Wholesalers Association (NBWA) recently unveiled their biennial Beer Serves America report, underscoring the immense economic impact of
...More info on site
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Canada: Barley stocks slightly lower this year
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Statistics Canada released its March 31 Stocks of Principal Field Crops report on May 8. Declining stocks compared to year-ago levels were the primary
...More info on site
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USA: AMBA launches project aimed at quantifying the environmental impact of barley farming
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The American Malting Barley Association (AMBA) recently noted it has officially launched its Baselining Barley project — the first industry-wide collaboration aimed at quantifying the environmental impact of barley farming, Craft Brewing Business reported on May 8.
This matters to brewers. Barley is more than an ingredient; it’s the backbone of beer, and right now production is at an all-time low. So the industry is working to ensure that backbone is strong, sustainable, and measurable.
“Mitigating our businesses’ contribution to a changing climate calls for close collaboration with experts across our value chain. Leveraging that expertise requires a shared understanding and a common language for the work ahead. The project AMBA is leading will provide just that, a clear, empirical understanding of where we are today, where our greatest opportunities exist, and a shared calculus for understanding the implications of different solutions,” Walker Modic, Environmental Programs Director, New Belgium-Bell’s Brewing, said.
Baselining Barley is a data-driven project focused on calculating key environmental metrics like greenhouse gas (GHG) emissions, soil health, water quality, and biodiversity — all from real farm records. Led by Neil Fuller of Atlas consulting, the project taps into actual field data from U.S. farms under contract with AMBA members. The
...More info on site
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USA, OH: Black Frog Brewery to become the Black-owned brewery in Cleveland
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The first Black-owned brewery in Cleveland is ready to open to the public, WEWS reported on May 9.
Black Frog Brewery's grand opening celebration is Friday, May 9, 4 - 9 p.m. The brewery is located in the Midtown Collaboration Center on East 66th St.
This is the second Black Frog Brewery in Ohio. The other location is in Holland, near Toledo.
Good Morning Cleveland anchor Tiffany Tarpley spoke with the brewery's founder and owner, Christopher Harris, about why he wanted to bring his business to Cleveland.
"It's because of the neighborhood is why I'm here," said Harris. "From my understanding, there really isn't much in this Midtown area. So, for this space to be anchored here in Midtown and to supply these resources to this community was just really most important to me."
News 5 reported in 2023 that Black Frog Brewery would be one of the tenants in the Midtown Collaboration Center.
The facility also houses Pearl's Kitchen, research and training centers, and community organizations.
Victor Barbalato is the project architect for the Midtown Collaboration Center. Tarpley spoke with him about future development planned in the area.
"There'll be around eight buildings on this piece of property, spanning from 66rd to 63rd St. and really tying
...More info on site
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World: AB InBev’s first-quarter operating profit shows more than double the increase expected by analysts
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Anheuser-Busch InBev reported a 7.9% rise in first-quarter operating profit on May 8, more than double the increase expected by analysts, as the world's
...More info on site
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World: European beer makers remain confident about growth potential despite US tariffs
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European beer makers remain confident about their growth potential despite U.S. tariffs posing some threat to sales and investors see the companies as a
...More info on site
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World: Malting barley prices steady to higher as dryness concern creeps into markets
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Global barley prices are mixed on a regional perspective and especially regarding the spreads between malting and feed barley, RMI Analytics said in their
...More info on site
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Brazil: Ambev reports strong start to 2025
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Brazil’s leading brewer Ambev S.A. reported a strong start to 2025, with first-quarter results showing a 0.7% increase in consolidated volumes and a 6.7%
...More info on site
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Singapore: ThaiBev reports 3.2% drop in first-half earnings
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Thai Beverage (ThaiBev) has reported earnings of 14.71 billion baht ($580 million) for 1HFY2025 ended March 31, 2025, down 3.2% y-o-y, The Business Times
...More info on site
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China: Budweiser Brewing Company APAC sees first-quarter earnings fall on weak China demand
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Brewer Budweiser Brewing Company APAC said on May 8 its first-quarter earnings fell 18 percent year-on-year, weighed down by an unfavorable geographic and channel
...More info on site
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EU: Malting barley prices bounce back higher over the last days
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From a French market perspective, crop’24 is now mostly a theoretical exercise with only small lots (1-2 thousand tonnes) trading, RMI Analytics said in
...More info on site
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Chile: Brewer Compania Cervecerias Unidas reports Q1 2025 results
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Compania Cervecerias Unidas (CCU) on May 7 reported first-quarter profit of $60 million.
The Santiago, Chile-based company said it had net income of 32 cents
...More info on site
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Malaysia: Heineken Malaysia’s net profit for the first quarter largely unchanged from a year earlier
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Heineken Malaysia Bhd reported a net profit of RM122.15 million for the first quarter ended March 31, 2025 (1QFY2025), largely unchanged from RM122.48 million
...More info on site
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World: HSBC lowers Carlsberg to ‘hold’ following weaker-than-expected first-quarter results
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Carlsberg downgraded its outlook for fiscal year 2025, prompting analysts at HSBC to lower its rating to “hold” from “buy” and reduce its target price to DKK910 from DKK940, in a note dated May 7, Investing.com reported.
The downgrade follows weaker-than-expected first-quarter results, primarily driven by underperformance in key markets such as Kazakhstan and Vietnam, alongside ongoing challenges in Asia.
In Q1, Carlsberg reported a 1.5% decline in organic sales, worse than the consensus estimate of a 0.8% decline.
Volumes fell 2.3%, compared to the expected 1.9% drop. The results were mainly affected by a tough comparison with last year’s inventory buildup in Kazakhstan and continued market share losses in Vietnam due to heightened competition. Weakness in Laos and Cambodia further contributed to the poor performance.
While there was growth in China, with a 1.5% revenue increase driven by premium products, Carlsberg’s outlook for the region remains cautious.
The company expects a 2% decline in the Chinese market for the year, a slight improvement over last year’s 5% drop.
In India, Carlsberg continued strong growth, but the broader Asian outlook remained weak. In Western Europe, Carlsberg saw a 2.9% volume decline, better than the consensus expectation of 4.2%.
The region’s performance was
...More info on site
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Malaysia: Carlsberg Brewery Malaysia not expecting any direct impact from US tariffs
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Carlsberg Brewery Malaysia Bhd does not expect any direct impact from US tariffs due to its lack of exports to the United States, but is cautions that potentially weaker consumer sentiment could affect its business, The Star reported on May 8.
Carlsberg Malaysia managing director Stefano Clini said since the group does not export to the United States, it will not be directly affected by the tariffs.
“However, tariffs create uncertainty and fear, which can change consumer behaviour. Consumers may choose to spend less and save more for rainy days.
“Currently, we still do not know what the impact from the tariffs will be,” he told the media after the group’s 55th AGM yesterday.
Clini said the group remains cautious in its outlook as it continues to navigate a challenging macroeconomic environment marked by continued inflationary pressures, high interest rates, currency fluctuations and external headwinds such as the recent US tariff measures.
“However, we will continue to stick to our Accelerate SAIL growth strategy, which is basically about building on innovation and strong marketing to gain market share.
“There is no need for us to change our direction,” he stressed.
Carlsberg Malaysia completed its RM200mil brewery transformation in 2024, which included the installation of state-of-the-art bottling and
...More info on site
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Germany: Oettinger brewery becomes target of a cyber attack
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German brewery Oettinger has become the target of a cyber attack in a move that has allegedly put confidential documents at stake, The Drinks Business reported on May 7.
According to Cybernews analysis, the ransomware crew calling itself Ransom House has claimed it has hit Oettinger which sees its Bavarian beers exported to many markets. The gang has also alleged that it is now in possession of highly sensitive data. In a post seen on its dark web extortion site, the gang has dropped the following message:
“Dear management of Oettinger Brauerei and Pia Kollmar. We are sure that you are not interested in your confidential data to be leaked or sold to a third party. We highly advise you to contact us.”
Ransomware experts have highlighted how sharing a warning on a gang’s website is a common technique used by cybercriminals to coerce organisations into paying a ransom. The attackers’ post went live on 5 May, but the gang has reportedly indicated that it has been in possession of encrypted data from the brewery since 19 April.
If confirmed, the attack could become a reason for major concern since, according to samples reviewed by Cybernews, the stash of documents that the team has
...More info on site
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The Netherlands: Heineken taking legal action against Jumbo supermarket chain
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Brewing giant Heineken is taking legal action against the Jumbo supermarket chain over its “boycott” of the company’s products, DutchNews.nl reported on May 9.
Jumbo is part of the Everest purchasing combine, which has been embroiled in difficult negotiations with Heineken about the cost of its beers, which are much cheaper for supermarkets in Germany and France.
The supermarket argues that it is not buying from Heineken because of the “bizarre” prices the brewer has been charging in the Netherlands since the start of this year.
Online supermarket Picnic is also part of the Everest combine, and its bill from Heineken is lower than Jumbo’s, lawyer Jeroen Bedaux told the court on Thursday.
Heineken argues that Picnic has no physical stores and therefore its costs are lower “in terms of promotion and the like”. The beer is cheaper in other countries because of local conditions, Heineken lawyer Thom Beukers said.
“Heineken has 50 breweries in Europe and there are differences in pay, raw material prices and rules everywhere,” Beukers is quoted as saying.
Jumbo, which has been working with Heineken for 60 years, told the court that it had not stopped buying Heineken beer altogether, but had only reduced its orders.
“This is a purely commercial disagreement,”
...More info on site
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Ethiopia: BGI-Ethiopia appoints new Chief Executive Officer
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BGI-Ethiopia, a subsidiary of the Castel Group, announced the appointment of Pierre-Emmanuel Medard as its new Chief Executive Officer, Ethiopian Monitor reported on May 8.
Emanuel is put in charge the largest brewery in the East African nation, replacing Herve Milhade. Milhade retired from Castel Group after serving as the BGI-Ethiopia CEO for the last three and half years.
In a statement on May 8, BGI-Ethiopia says Emmanuel brings over 25 years of industry expertise as he takes the helm starting May 1, 2025.
Most recently, Emmanuel served as CEO of Castel’s operations in the Democratic Republic of Congo, where “he delivered outstanding results” across the beverage portfolio.
A material engineer by profession, Emmanuel joined the Castel Group a decade ago and held senior leadership roles in Ivory Coast and served as CEO of Castel’s subsidiaries in Gambia and Senegal.
“I’m honored to join BGI-Ethiopia at such an exciting time,” the new CEO says.
“Together with our employees and stakeholders, I look forward to continuing to build on the company’s success and exploring new ways to create lasting value,” Emmanuel added.
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