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E-Malt.com Newsletter 10a
March 08 - March 10, 2021
Quote of the Week
It takes beer to make thirst worthwhile.
German proverb
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Currency Rates
Base Currency: US Dollar
on March 10, 2021 |
Base Currency: Canadian Dollar
on March 10, 2021 |
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1 USD = 0.8415 EUR
1 USD = 0.7209 GBP
1 USD = 1.2638 CAD
1 USD = 1.3004 AUD
1 USD = 108.8000 JPY
1 USD = 5.8432 BRL
1 USD = 74.1083 RUB
1 USD = 6.5140 CNY
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1 CAD = 0.7911 USD
1 CAD = 0.5703 GBP
1 CAD = 0.6658 EUR
1 CAD = 1.0288 AUD
1 CAD = 86.0700 JPY
1 CAD = 4.6228 BRL
1 CAD = 58.6297 RUB
1 CAD = 5.1534 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Germany & USA: January beer sales drop in Germany, increase in the US
...Click here
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Mexico: Beer trade surplus falls by 118 mln tonnes last year
...Click here
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USA, VA: The Iron Tree Brewing Company getting ready to launch as Christiansburg’s first downtown brewery
...Click here
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USA, NC: Belmont Brewing Co. already open in Belmont
...Click here
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USA, CA: Benny Boy Brewing should open in Lincoln Heights this September
...Click here
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USA, IL: Turner Haus Brewery aims at becoming Chicago’s first Black-owned brewery
...Click here
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USA, NE: Monolithic Brewing navigating through starting business during the pandemic
...Click here
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Canada: Molson Coors and J.P. Wiser’s Whisky release unique collaboration in Canada
...Click here
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EU: Malt exports up 6.2% in July 2020 – February 2021
...Click here
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China: Tsingtao Brewery reports increase in total profit and net profit to shareholders last year
...Click here
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World: Barley trade forecast increased to 30.801 mln tonnes this month
...Click here
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EU: Barley production forecast to total 54.715 mln tonnes this crop year
...Click here
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Australia: Private barley crop estimates surpass ABARES’ February forecast
...Click here
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Argentina: Wheat sowing likely to fall this year as farmers could switch to barley
...Click here
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France: Malting barley exports outside the EU the largest for February since 2014/15
...Click here
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India: Alcoholic beverage sector could see some normalcy in FY22-23 - report
...Click here
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Ukraine: Barley export prices rise to an all-time high
...Click here
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UK: AB InBev to make 615 mln extra pints of beer at its Preston facility
...Click here
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Australia & Saudi Arabia: Australia seen as major barley supplier to Saudi tender
...Click here
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Japan: Kirin Brewery to expand its home-delivery beer subscription service
...Click here
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Graph of the Week
Table of the Week
World Use of Hops and Hop Products 1997 - 2020s
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
08 March
1706 - Vienna's Wiener Stadtbank established
1927 - Pan American Airlines (World Airways) incorporates
1946 - 1st helicopter licensed for commercial use
1979 - Philips demonstrates the Compact Disc publicly for the first time
09 March
1861 - Confederate currency authorized-$50, $100, $500, $1,000
1959 - 1959 Barbie, the popular girls' doll, debuted, over 800 million sold
1987 - 1987 Chrysler Corp offered to buy American Motors Corp for $1 billion
10 March
1862 - U.S. issues 1st paper money ($5, $10, $20, $50, $100, $500 and $1000)
1982 - President Reagan proclaims economic sanctions against Libya
1995 - Dow-Jones hits record 4035.64
2000 - The Nasdaq Composite stock market index peaks at 5132.52, signaling the beginning of the end of the dot-com boom
Agenda
March 2021:
16 - 18: Beviale Moscow 2021 (Moscow, Russia)
16 - 16: Beviale Mexico 2021 (Online)
23 - 23: Beviale Mexico 2021 (Online)
30 - 30: Beviale Mexico 2021 (Online)
April 2021:
12 - 14: Beer & Food Attraction 2021 (Rimini, Italy)
16 - 18: Cerveza Mexico Expo 2021 (Mexico City, Mexico)
20 - 20: EBC Symposium 2021 (Online)
27 - 29: 1st VLB International Craft Brewing Conference (Online)
30 - 02 May: Finest Spirits 2021 (Munich, Germany)
May 2021:
12 - 14: Craft Beer China 2021 (Shanghai, China)
17 - 23: Budapest Beer Week 2021 (Budapest, Hungary)
18 - 20: Beer 2021 (Sochi, Russia)
27 - 30: Wiener Bierfest 2021 (Vienna, Austria)
June 2021:
08 - 09: Bev Expo 2021 (Manchester, UK)
15 - 17: Brasil Brau 2021 (Sao Paulo, Brazil)
July 2021:
01 - 03: Helsinki Beer Festival 2021 (Helsinki, Finland)
13 - 15: Fdt Africa 2021 (Midrand, South Africa)
August 2021:
06 - 07: Tallinn Craft Beer Weekend 2021 (Tallinn, Estonia)
12 - 14: VIETFOOD & BEVERAGE - VIETNAM 2021 (Ho Chi Minh City, Vietnam)
24 - 28: 2nd VLB Africa Brewing Conference (Online)
September 2021:
09 - 12: Craft Brewers Conference & BrewExpo America 2021 (Denver, Colorado, USA)
16 - 18: Zurich Bier Festival 2021 (Zurich, Switzerland)
18 - 03 October: Oktoberfest 2021 (Munich, Germany)
21 - 23: 11th Ibero-American VLB Symposium (Barcelona, Spain)
22 - 24: Beer and Soft Drinks Industry 2021 (Kyiv, Ukraine)
October 2021:
07 - 10: Mondial de la Biere 2021 (Montreal, Canada)
13 - 15: Drink Japan 2021 (Makuhari Messe, Japan)
17 - 20: 14th International Trends in Brewing 'Beer & Society' 2021 (Leuven, Belgium)
November 2021:
04 - 05: Sea Brew 2021 (Taipei, Taiwan)
December 2021:
07 - 08: Brewers Congress 2021 (The Brewery, 52 Chiswell Street, London, UK)
February 2022:
11 - 14: HoReCa 2022 (Athens, Greece)
News Articles
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Germany & USA: January beer sales drop in Germany, increase in the US
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Germany’s beer sales totalled 4.75 mln hl in January this year, minus 27% year-on-year, H. M. Gauger GmbH reported earlier this month.
USA’s domestic tax-paid beer shipments were 12.7 mln bbls in January, plus 2.4% year-on-year. Imports totalled 36.4 mln bbls. last year, plus 0.3% year-on-year.
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Mexico: Beer trade surplus falls by 118 mln tonnes last year
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Although beer remained Mexico’s main agri-food export product last year, representing 22% of agribusiness exports, the trade surplus was reduced by 118 million dollars to 4.645 million dollars, the Explica reported on March 7.
Karla Siqueiros, director of Cerveceros de México, reminds of the impact of stopping completely the industry in April and May, when the Mexican government decreed a health emergency due to COVID-19 that suspended non-essential activities.
She also pointed out the “dry law” that certain states still maintain. “For an industry like us, who work 365 days a year, having been closed for 60 days was a strong impact on the numbers. And added to the fact that it was not considered an essential industry, we subsequently faced the challenges of the dry laws,” she said.
The numbers for the beer industry come in a context in which Mexico’s economy contracted 8.2% in 2020 and the pandemic has left almost 200,000 deaths and 2.1 million cases of COVID-19.
“The main challenge we have is to overcome the pandemic and then of course we will face a generally complex economic outlook,” said Manuel Cedillo, director of Economic Studies at Cerveceros de México.
Beer producers have also faced the closure of businesses such as
...More info on site
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USA, VA: The Iron Tree Brewing Company getting ready to launch as Christiansburg’s first downtown brewery
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Christiansburg’s first downtown brewery is getting ready to open its doors, WDBJ7 reported on March 7.
The Iron Tree Brewing Company has set up shop in the heart of the town. All three owners Jansen Lee, Steve Peter and Seth Locklear are Virginia Tech grads that fell in love with the area and never wanted to leave. They started homebrewing, loved it and wanted to share their gift with the community.
“There’s not just a huge presence here of other breweries and really Christiansburg needs something to do,” Locklear said. “We’re hoping to be able to be that place that people are just coming in the evenings to hang out, have a beer and enjoy their time here.”
The owners have been spending weekends and nights after work renovating the building on their own. They plan to open in the next two months once their ABC license is pushed through.
Iron Tree plans to have about 10 different beers on tap at a time.
The microbrewery is located at 5 Roanoke Street in Christiansburg.
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USA, NC: Belmont Brewing Co. already open in Belmont
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Belmont Brewing Co. owner Bethea Baker is ready to take his home-brewing skills up a notch, WSOC Charlotte reported on March 6.
That brewery opened on March 6 after a number of pandemic-related delays. It is located at 1500 River Drive in Belmont.
Baker, also head brewer, has teamed up on that effort with Jess Faucette, founder of Alternative Beverage in Charlotte, and Dennis Talley.
“I think the community needs a small nanobrewery that can change things up,” he says.
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USA, CA: Benny Boy Brewing should open in Lincoln Heights this September
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Benny Boy Brewing, Lincoln Heights forthcoming brewery with outdoor fire pits, beer, and cider, should open this September. That’s if everything goes to plan with construction, permits, and the still present coronavirus pandemic, the Eater Los Angeles reported on March 8.
It’s been a long road for co-owners Chelsey Rosetter and Benjamin Farber, who started moving forward with Benny Boy in 2018. The partners received notice for a permit hearing on Saint Patrick’s Day 2020, shortly before city hall shut down temporarily in the early days of the pandemic. Developer Ventana Ventures took possession of the property last week, where all three parties will now prepare for construction on the east side of the 5 Freeway just south of Main Street on Daly.
Even before the pandemic, Benny Boy Brewing made plans for outdoor fire pits and an indoor/outdoor drinking area. One building will house a brewery, the other a cidery — and both will have tasting rooms. Benny Boy will also hold the distinction as one of the only cideries in Southern California, joining 101 Cider House in Chinatown and Long Beach’s Ficklewood Ciderworks.
As one of LA’s oldest neighborhoods, Lincoln Heights used to be flush with vineyards. It’s also walking distance
...More info on site
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USA, IL: Turner Haus Brewery aims at becoming Chicago’s first Black-owned brewery
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Co-founders Steven Turner, Blair Turner-Aikens and Nathaniel Aikens, aim to make their Turner Haus Brewery Chicago’s first Black-owned brewery since Vice District Brewery shut down in 2019, the Chicago Sun-Times reported on March 9.
Now that Turner Haus is beginning to make a name for itself via beer tasting events, the trio aim to correct a systemic issue within the craft beer industry: the lack of diversity.
“If you’re like me and you love good craft beer, and you start noticing every time you go to a taproom, you’re the only Black face in the room, and it’s like: ‘Well, that’s kind of weird,’ ” said Turner. “It takes a level of experience and expertise, study and mentorship that you would need to get and gain from folks that have been involved in the industry over an extended period of time, but not only that, it also takes capital.”
That style of placemaking has led Turner Haus to collaborate with Tennessee Brew Works to launch “Gazelle Hazy IPA,” in honor of Olympic track and field champion, Tennessee native Wilma Rudolph’s nickname, “The Black Gazelle.”
“We had a beautiful release date for it and practically sold out of all of our four-packs that we allocated
...More info on site
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USA, NE: Monolithic Brewing navigating through starting business during the pandemic
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A new brewery that's opened in northwest Omaha is navigating through starting a business during the pandemic, fox42kptm.com reported on March 8.
Monolithic Brewing had been in the works for years, but then 2020 came and the planned grand opening became a little more complicated.
If you take a look around the northwest area, it's a part of town that's just starting to come together.
The owners thought this would be the perfect spot for their business because they live here and thought the area had potential.
They already had the location picked out before the pandemic even started.
"We feel like if we can come through this we'll be looking pretty good," says Todd, co-owner of Monolithic Brewery.
Monolithic Brewing had been a dream for its owners for four years.
They planned to open in 2020, which turned out to be a rough year with the pandemic.
Although Hartung says they were determined to get their dream up and running no matter what.
Hartung says, "For us, again, it's been a long time planning and things were signed and the ball was already rolling because the process to open a brewery, there's quite a few hoops to jump through so I would like to say we're brave and
...More info on site
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Canada: Molson Coors and J.P. Wiser’s Whisky release unique collaboration in Canada
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Molson Coors Beverage Company has announced the release of a unique collaboration with J.P. Wiser’s Whisky, the Canadian Beer News reported on March 5.
Molson Common Bond Lager (6.1% abv) is described as follows:
The first of its kind, Common Bond is a lager brewed with whisky-aged hops that honours the sophistication of a refined Wiser whisky, paired with the approachability and familiarity of a classic Canadian beer.
“After a great deal of experimentation, we found a special way to infuse the beloved Wiser whisky hops into a classic Canadian lager, creating a product that brings forward flavours both beer and whisky lovers enjoy,” commented Don Livermore, Master Blender for J.P. Wiser’s. “With notes of toasted oak and vanilla, Molson Common Bond is a taste of history and represents a lasting legacy that you can cheers to, today.”
Common Bond is available now at beer and liquor retailers across Canada for a limited time.
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EU: Malt exports up 6.2% in July 2020 – February 2021
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EU malt exports in July 1, 2020 – February 28, 2021 totalled 1.983 mln tonnes (in grain equivalent), plus 6.2 % versus the same
...More info on site
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China: Tsingtao Brewery reports increase in total profit and net profit to shareholders last year
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In 2020, China’s Tsingtao Brewery sold a total of 7.823 million kilolitres of its products, marketscreener.com reported on March 5
Total profit increased to RMB3.24
...More info on site
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World: Barley trade forecast increased to 30.801 mln tonnes this month
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World barley trade forecast for 202/21 is increased to 30.801 mln tonnes in USDA’s March report from 29.776 mln tonnes in the February report
...More info on site
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EU: Barley production forecast to total 54.715 mln tonnes this crop year
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According to the EU Commission’s Barley Supply and Demand Balance of February 25, the EU-27 barley production is forecast to reach 54.715 mln tonnes
...More info on site
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Australia: Private barley crop estimates surpass ABARES’ February forecast
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ABARES Barley Crop Estimate of February 16, 2021 forecasts Australia’s barley production at 13.1 mln tonnes this season vs. 10.2 mln tonnes last year,
...More info on site
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Argentina: Wheat sowing likely to fall this year as farmers could switch to barley
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Argentine wheat sowing is likely to fall this year as farmers calculate the risk of state intervention in the market while new Chinese demand
...More info on site
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France: Malting barley exports outside the EU the largest for February since 2014/15
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France’s February barley exports outside the EU included 152,000 tonnes of feed barley - all to China - and 61,000 tonnes of malting barley, representing the largest malting barley loadings for a February since 2014/15, the Refinitiv data showed last week.
French barley exports to China fell back to 170,000 tonnes, less than half the season's high seen in January.
Total grain shipments by sea to all destinations from French ports - also including maize, waxy maize and durum wheat - reached 1.14 million tonnes in February, in line with January.
The Refinitiv data, based on shipping data from various sources, can be revised subsequently and can also differ from later customs figures due to when ships are counted as leaving France.
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India: Alcoholic beverage sector could see some normalcy in FY22-23 - report
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Alcoholic beverage makers could see some normalcy in operations in FY22-23 and may report a sharp recovery in volumes that were dented significantly in
...More info on site
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Ukraine: Barley export prices rise to an all-time high
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Ukrainian barley export prices have risen to an all-time high supported by demand from China and expected export restrictions in Russia, APK-Inform agriculture consultancy said on March 3.
Barley bid export prices rose to $243-$249 per tonne CPT (carriage paid for) Black Sea, the consultancy said in a report. “Strong demand from China continues to play a key role. In July-January 2020-2021 season, China has already imported more than 3 times more Ukrainian barley than in the entire previous season,” APK-Inform said.
It also mentioned the Russian government’s formula-based export tax system for wheat, corn and barley that is designed to help combat domestic food price inflation. Ukraine, a major barley exporter, harvested 7.6 million tonnes of barley in 2020 and the government had expected exports could total 3.8 million tonnes in the 2020-21 July-June season.
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UK: AB InBev to make 615 mln extra pints of beer at its Preston facility
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Lager giant Budweiser is set to make 615 million extra pints of beer every year at its brewery near Preston (Lancashire, northern England) following a £45million investment in the site, the Accrington Observer reported on March 7.
The investment was announced by Budweiser Brewing Group UK&I, a subsidiary of AB InBev, last week as part of its wider investment plans across the country.
A total of £115million is being pumped into its UK sites in what it says will 'drive economy prosperity across the UK' and 'increase capacity and efficiency'.
In Lancashire, the Salmesbury Brewery will see a new canning line installed for new sustainable plastic ring-free cans.
It will also see modifications to its brewing, utilities and logistics workings in order to increase brewing capacity.
All in all, this will increase brewing capacity by two million hectolitres - something Budweiser says is around 350million extra litres of beer when fully operational.
This is the equivalent of around 615.9million extra pints of alcohol a year.
As well as Budweiser, the Samlesbury brewery brews Stella Artois, Brahma, Bass and Boddingtons.
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Australia & Saudi Arabia: Australia seen as major barley supplier to Saudi tender
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Australian barley is once again likely to be the volume supplier of 11, 60,000-tonne cargoes awarded this week in the latest Saudi Grains Organization (SAGO) tender, the Grain Central reported on March 9.
Western Australia’s CBH Grain has clinched two of the three cargoes for delivery to Gulf ports where, compared with delivery to Red Sea ports, Australian cargoes benefit from a relatively lower freight differential than cargoes shipped from the Black Sea.
Viterra has won four of the eight cargoes to go into Red Sea ports, and Viterra’s South Australian terminals are widely tipped to be the supplier of those.
Suppliers Aston, Holbud, LLC Trade and Solaris will each supply a Red Sea cargo, and Holbud also won a cargo into the Gulf; additional cargoes of Australian barley may be sold fob to supply one or more of those.
The average price per tonne of barley was US$279.77 cost and freight, or AU$366.10, and all cargoes are for second-half April and May arrival.
Thomas Elder Markets manager commodity market insights Andrew Whitelaw said a large proportion of the tender was likely to originate from Australia.
“It’s the third tender in a row where Australia has won substantial volumes,” Mr Whitelaw said in his Market Morsel
...More info on site
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Japan: Kirin Brewery to expand its home-delivery beer subscription service
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Kirin Brewery Co. said on March 8 it will expand its home-delivery beer subscription service in May amid growing demand for its alcohol products at home in the wake of the novel coronavirus pandemic, the Kyodo News Plus reported.
Under the service named "Home Tap," Kirin will deliver bottles of draft beer for home beer dispenses to subscribers twice a month, allowing them to select their favorite beers in one-litre plastic bottles from a list that includes Kirin's prime beer "Ichiban Shibori Premium" and craft beer from Brooklyn Brewery in New York, with whom Kirin has a capital and business tie up.
The price for a four-liter monthly subscription starts from 8,250 yen ($76) and eight litres from 12,430 yen. A beer dispenser, which keeps the beer cold and creates a creamy head, is also provided to subscribers, it said.
Kirin initially launched the home-delivery subscription service on a trial basis in 2017. Now that it has secured the production capability to manufacture its own dispensers it has decided to expand the service nationwide aside from the southernmost prefecture of Okinawa and some other islands.
Kirin Brewery President Takayuki Fuse said at the launch event in Tokyo that the company aims to gain 100,000
...More info on site
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