China. Tsingtao Brewery first quarter profit up 40 pct
China’s Tsingtao Brewery posted a 40 percent increase in first quarter net profit on higher sales, as its distributors stocked up ahead of increases in the prices of it beer products. (more…)
US. IPAs Up 42% YTD
The latest four-week and year-to-date craft brewer sales scan data is out from Symphony IRI Group (SIG) today. The top two craft beer “styles,” pale ale and “seasonals,” both showed nice growth of just under 9 percent by dollars in the grocery, drug and convenience channels. (more…)
2011/12 barley output slightly revised down to 136 million tonnes
The International Grains Council (IGC), an intergovernmental organisation concerned with grains trade, revised its global 2011/12 barley production forecast down to 136 million tonnes (previous forecast 137mln t; 2010/11 124 mln t). (more…)
India. United Breweries Q4 puts net at Rs 40 cr
United Breweries Q4 result today reported a net profit of Rs 40.09 crore for the quarter ended March 31, 2011. (more…)
MillerCoors names new CEO to replace Kiely
* MillerCoors CEO Leo Kiely to retire on June 1
* Chief Commercial Officer Tom Long to succeed him
* SABMiller shares off 1.5 pct; Molson up 0.4 pct (more…)
UK. Beer sales fall by 3.8% in the first quarter of 2011
Beer sales fell by 3.8% in the first quarter of 2011 compared to the same period in 2010, according to the British Beer & Pub Association. (more…)
Beer Drinking and What It Says About China’s Economy
The average Chinese adult drank about a half a bottle of beer in 1961, less than the average resident of Iran. By 1991, consumption topped 27 bottles a year, but still lagged behind 117 other nations, according to the World Health Organization. (more…)
Malaysia. Carlsberg to raise prices slightly
Carlsberg Brewery Malaysia Bhd is planning to slightly increase the prices of its beer products in May. (more…)
AB InBev’s New 0%-Alcohol Beer
The 2011 Anheuser Busch-InBev shareholders meeting on Tuesday was never going to generate news. “We’ll have a press conference but you won’t learn anything,” a spokeswoman said. (more…)
MillerCoors to launch limited edition of 64 calorie light beer
US beer maker MillerCoors has plans to launch a limited-edition MGD 64 Lemonade, a 64-calorie light beer with the taste of lemonade. (more…)