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E-Malt.com Newsletter 15a
April 12 - April 14, 2021
Quote of the Week
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Earl Nightingale
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Currency Rates
Base Currency: US Dollar
on April 14, 2021 |
Base Currency: Canadian Dollar
on April 14, 2021 |
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1 USD = 0.8390 EUR
1 USD = 0.7276 GBP
1 USD = 1.2565 CAD
1 USD = 1.3119 AUD
1 USD = 109.3200 JPY
1 USD = 5.7192 BRL
1 USD = 76.7774 RUB
1 USD = 6.5441 CNY
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1 CAD = 0.7958 USD
1 CAD = 0.5790 GBP
1 CAD = 0.6676 EUR
1 CAD = 1.0440 AUD
1 CAD = 86.9900 JPY
1 CAD = 4.5511 BRL
1 CAD = 61.0954 RUB
1 CAD = 5.2074 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, ME: Maine has the highest number of breweries per capita after many years of lagging behind Vermont
...Click here
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USA: Molson Coors acquiring minority stake in North Carolina’s TRU Colors Brewery
...Click here
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USA, IN: Upland Brewing Co. officially opens its sixth location in Jeffersonville
...Click here
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USA, FL: Sailfish Brewing Co. hopes to open new location in Vero Beach by end of May
...Click here
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Canada, BC: Growler sales permitted for off-site consumption until June 6
...Click here
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USA, OH: Immigrant Son Brewery hopes to open in Lakewood by June
...Click here
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USA, GA: Hippin’ Hops expanding to second brewery in East Lake this summer
...Click here
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USA, PA: Recon Brewing to launch its second location on April 14
...Click here
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World: China’s January-February beer production beats last year’s output by 61%
...Click here
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World: Beer sales reduced drastically by Covid but longer term forecast for malt sector is encouraging
...Click here
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World: Barley crops looking good in Europe; Canada, Ukraine, Argentina expected to increase their plantings
...Click here
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Vietnam: Habeco expects profits to fall to 10-year low this year
...Click here
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EU: Barley crop to increase to 56.299 mln tonnes in 2021/22
...Click here
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France: Spring barley area expected to fall 34% this year
...Click here
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France: Most wheat and barley crop in good condition
...Click here
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Japan & Myanmar: Kirin’s bold exit from Myanmar is not clean-cut
...Click here
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India: Diageo may decide to dispose of some USL brands - sources
...Click here
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Ukraine: Ukraine seeds 11% of area expected for 2021 crop of wheat, barley, peas and oats
...Click here
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Belgium: La Mule brewery becomes the first brewery to open in Brussels municipality of Schaerbeek in almost 60 years
...Click here
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Graph of the Week
Table of the Week
EU Malt Exports
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
12 April
1903 - Jan Tinbergen is born, Dutch economist and U.N. advisor, Nobel 1969
1905 - French Dufaux brothers test helicopter
1992 - The Euro Disney Resort officially opens with its theme park Euro Disneyland. The resort and its park's name are subsequently changed to Disneyland Paris
1996 - One of the first companies ever to go public with an exclamation point in its name, Yahoo! Inc., launches its IPO on NASDAQ, selling 2.6 million shares at an initial price of $13 a share
13 April
1785 - John Walter publishes 1st issue of London Times
1888 - National Geographic Society is founded in Washington, D.C.
1942 - Henry Ford patents a method of constructing plastic auto bodies
1976 - The United States Treasury Department reintroduces the two-dollar bill as a Federal Reserve Note on Thomas Jefferson's 233rd birthday as part of the United States Bicentennial celebration
14 April
1863 - William Bullock patents continuous-roll printing press
1900 - President Loubet opens International Fairs in Paris
1987 - Turkey asks to join European market
Agenda
April 2021:
12 - 14: Beer & Food Attraction 2021 (Online)
16 - 18: Cerveza Mexico Expo 2021 (Mexico City, Mexico)
27 - 29: 1st VLB International Craft Brewing Conference (Online)
27 - 29: 1st VLB International Craft Brewing Conference 2021 (Online)
May 2021:
12 - 14: Craft Beer China 2021 (Shanghai, China)
18 - 21: Beer 2021 (Sochi, Russia)
June 2021:
15 - 17: Brasil Brau 2021 (Sao Paulo, Brazil)
July 2021:
01 - 03: Helsinki Beer Festival 2021 (Helsinki, Finland)
August 2021:
06 - 07: Tallinn Craft Beer Weekend 2021 (Tallinn, Estonia)
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)
20 - 22: drink technology India 2021 (Mumbai, India)
November 2021:
02 - 04: Fdt Africa 2021 (Midrand, South Africa)
03 - 06: VIETFOOD & BEVERAGE - VIETNAM 2021 (Ho Chi Minh City, Vietnam)
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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USA, ME: Maine has the highest number of breweries per capita after many years of lagging behind Vermont
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After many years of lagging behind Vermont, Maine now officially has the highest number of breweries per capita in the US, the Bangor Daily News reported on April 5.
As of 2021, Maine has one brewery for every 8,654 people. That’s 156 active breweries in total as of this year for 1,350,141 Mainers, according to the Maine Brewers Guild and the U.S. Census Bureau.
By contrast, Vermont has 72 active breweries, and a population of 623,347, for a total of one brewery for every 8,657 people — meaning the Pine Tree State has just edged out the Green Mountain State.
Just behind Maine and Vermont are states like Montana, Colorado and Oregon, the latter two of which have long-standing craft beer scenes that date back into the 1980s.
Maine’s numbers are unsurprising, given the explosive growth of the state’s craft beer industry in the past decade. In 2013, Maine had 35 registered breweries. Eight years later, that number is still growing. An economic impact study released in 2019 found that the beer industry and related activities contribute $2 billion to Maine’s economy each year and nearly 16,000 jobs.
“Maine’s position as the state with the most breweries per capita isn’t just a statistic – it’s
...More info on site
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USA: Molson Coors acquiring minority stake in North Carolina’s TRU Colors Brewery
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Molson Coors Beverage Company is acquiring a minority stake in its latest craft brewery and this one is extraordinarily unique: it’s managed and staffed almost entirely by active gang members, Forbes reported on April 14.
TRU Colors Brewery, located in Wilmington, North Carolina, started in 2017 with the mission to reduce gang violence in the beach town. Serial entrepreneur George Taylor, who co-founded and headed the Untappd digital beer check-in platform, was catalyzed to launch TRU Colors by watching a news story about a drive-by gang murder in his hometown.
“I was pretty comfortably unaware. I didn’t even know we had gangs in Wilmington,” says the white 60-year-old.
Driven to understand how someone could carelessly shoot up a populated street, Taylor asked the local district attorney to introduce him to the area’s top gang leaders. Over the following few years, he traveled the country to get to know more affiliates, as gang members at TRU Colors call themselves, and hired a few to work at Untappd. His discovery that gangs originally formed to protect and serve disempowered neighborhoods and not to sell drugs and commit acts of violence led him to launch TRU Colors. TRU stands for “Truth, Responsibility and Unity.”
In
...More info on site
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USA, IN: Upland Brewing Co. officially opens its sixth location in Jeffersonville
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A popular Indiana brewery has opened the doors of its riverfront location in Jeffersonville, the Yahoo News reported on April 10.
The Bloomington-based Upland Brewing Co. officially opened its sixth location on April 9 at 707 W. Riverside Drive, formerly home to Buckhead Mountain Grill.
David Bower, president of Upland Brewing Company, said he is amazed with the transformation of the 13,000-square-foot space in such a short period of time.
"I couldn't be prouder of the product being delivered," he said. "The look and feel of it is just right."
This is the first location in Southern Indiana or the Metro Louisville area. Upland is the third biggest brewery in Indiana with locations in Bloomington, Indianapolis, Columbus and Carmel.
There are 22 Upland beers on tap, including its classics, sour ales, small-batch brews and its new Naked Barrel Hard Seltzers.
Menu items range from locally-sourced beef burgers to vegetarian and vegan options, and the restaurant offers seasonal specials.
The deck was completely rebuilt for Upland Jeffersonville, and the space features a three-level patio with an outdoor bar.
The restaurant can seat 220 indoors and 200 people outdoors. The dining room has sliding glass doors that open onto the patio.
A "smart" pergola on the patio can be adjusted based
...More info on site
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USA, FL: Sailfish Brewing Co. hopes to open new location in Vero Beach by end of May
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Sailfish Brewing Co.’s story began in downtown Fort Pierce as the first craft brewery on the Treasure Coast, TCPalm reported on April 9.
And it continues with a second location in Vero Beach.
“We wanted to do something in an area that wasn’t too far away, but close enough,” said David BuShea Jr., the brewery’s president. “We have a huge fan base in Vero.”
BuShea founded the company with Nick Bischoff, Mike Sturgis and Danny Horton and opened the brewery April 2013 in historic Edgartown. They moved into a bigger space in 2017 just down the road on North Second Street.
They always talked about having multiple locations as part of their business plan, and Bischoff and Strugis are from Vero Beach.
“It’s really exciting to grow the brand,” BuShea said. “The more people we can get more beer out to, the better.”
BuShea hopes to open the Vero Beach location by the end of May, but that depends on licensing and permitting. The latest opening would be early summer, he said.
Sailfish will open in the Portales de Vero building on Ocean Drive, in the former Orchid Island Brewery taproom that moved to distribution only last year.
The new location will have a taproom and kitchen, but
...More info on site
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Canada, BC: Growler sales permitted for off-site consumption until June 6
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The B.C. government April 8 announced it is providing the opportunity for Liquor Primary and Food Primary licensee businesses to package draught beer in growlers for sale to patrons with the purchase of a meal for off-site consumption until June 6, E-Know.ca reported on April 11.
A growler is a glass, ceramic, or stainless steel container used to transport draft beer, commonly sold at breweries and brewpubs as a means to sell take-out craft beer.
This temporary authorization was made available earlier in the pandemic in response to the provincial health officer’s (PHO) orders, which prohibited on-site service, but was rescinded on July 13, 2020, after on-site service was resumed.
Once again, PHO restrictions are prohibiting indoor service until at least April 19, with the possibility of extensions, though patio service and take-out/delivery can continue.
“We know it’s a tough time for the food and beverage sector, and we continue to work closely with industry representatives to be nimble and find ways to support the many restaurants, pubs and other establishments,” Mike Farnworth, Minister of Public Safety and Solicitor General. “I also want to extend my appreciation to the businesses that are adhering to the PHO orders and helping to keep British Columbians safe
...More info on site
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USA, OH: Immigrant Son Brewery hopes to open in Lakewood by June
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Sometimes owners base names for their breweries on an impish whim, an epiphany or a theme they keep coming back to. Then there is Andrew Revy, Cleveland.com reported on April 12.
In his case, he is the brewery’s name.
Revy’s Immigrant Son Brewery, which he hopes to open in Lakewood by June, could not be any more autobiographical in its nature.
“Both of my parents immigrated from Hungary,” said Revy, who attended Hungarian scouts and school growing up in Lakewood. “English actually was my second language. I grew up speaking Hungarian, and my mother learned English with us.”
Decades ago, his father’s family saw what was coming in their homeland - communism and Russians. They urged his father to leave. He escaped across the Austrian border and made his way to Ellis Island.
New York, it turns out, painted a surprising picture for Revy’s father. It was Jan. 1, 1957.
“It was a cold winter, early morning, 6 a.m.,” Revy said of his father’s first day in the United States. “The only thing left on the streets were partiers still out and vagrants and people huddled in doorways. And a bunch of garbage ‘cause it was New Year’s Eve (the night before). He’s looking around like
...More info on site
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USA, GA: Hippin’ Hops expanding to second brewery in East Lake this summer
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Georgia’s first Black-owned brick-and-mortar brewery Hippin’ Hops is expanding from East Atlanta to a second location in East Lake this summer, Decaturish.com reported on April 13.
The East Lake Neighbors Community Association unanimously approved the business’s liquor license application at its monthly meeting on April 12. Neighborhood Planning Unit O will need to approve the application next at its meeting later this month before final approval with the city of Atlanta.
Hippin’ Hops new spot will be located at 2380 Hosea Williams Drive across the street from Poor Hendrix.
“We’re looking forward to being part of the neighborhood,” owner Donnica Boston said at the ELNCA meeting.
Donnica and her husband Clarence Boston are opening Hippin’ Hops Brewery & Oyster Bar on Glenwood Avenue in East Atlanta Village later this month once the city of Atlanta approves its liquor license. Then they hope to open the East Lake location by June.
“I don’t know because it all depends on how quickly the paperwork and permits and everything go through,” Donnica said.
The East Lake location is larger than the East Atlanta one, according to Clarence.
“We’ll definitely have a lot more to offer than our East Atlanta Village location,” he said. “In East Lake we want to focus
...More info on site
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USA, PA: Recon Brewing to launch its second location on April 14
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Recon Brewing will officially open the doors of its second location in Cranberry Township on Wednesday, April 14 from 5 to 8 p.m. at the new Crossroads at Meeder development.
The Charter Homes development on the former Meeder Farm at the corner of Route 19 and Rochester Road began just over two years ago with the inclusion of homes, apartments, retail, offices, and parks.
Recon’s original location is in Center Township and the new location is the first micro-brewery in Cranberry Township. This grand opening will follow all current state COVID-19 guidelines for the safety of everyone.
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World: China’s January-February beer production beats last year’s output by 61%
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China’s January-February beer production totalled 50.47 mln hl, 61% more than the corona-affected output in January-February of last year, H. M. Gauger GmbH reported
...More info on site
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World: Beer sales reduced drastically by Covid but longer term forecast for malt sector is encouraging
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The corona pandemic has reduced EU beer sales drastically. The losses in Germany are probably typical for most of the EU, as the third
...More info on site
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Ireland: Beer production down 13.8% in 2020
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The closure of hospitality businesses drastically hit Ireland’s beer sector in 2020, according to a new report released by Drinks Ireland.
The report showed that
...More info on site
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World: Barley crops looking good in Europe; Canada, Ukraine, Argentina expected to increase their plantings
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Barley crops are looking quite good in Europe. It is expected that Canada, Ukraine and Argentina will increase their plantings to be able to
...More info on site
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Ukraine: Q1 2021 beer output increases by 0.1% yoy
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Ukraine’s beer production reached 3.42 mln hl in Q1 2021, 0.1% more than over the same period of 2020, trade association Ukrpivo reported on
...More info on site
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Vietnam: Habeco expects profits to fall to 10-year low this year
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The producer of Hanoi Beer expects sales to be badly hit by the Covid-19 pandemic this year and profits to fall to a 10-year
...More info on site
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EU: Barley crop to increase to 56.299 mln tonnes in 2021/22
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EU Commission’s Barley Supply and Demand Balance of March 25, 2021 forecasts the EU-27 barley crop to reach 56.299 mln tonnes in 2021/22, up
...More info on site
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France: Spring barley area expected to fall 34% this year
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France's spring crop area is forecast to fall back from 2020's high levels, while soft wheat sowings will rebound from a rain-hit campaign last year, the farm ministry said on April 13, citing forecasts made before a recent severe cold snap.
Based on data collected by April 1, the ministry estimates the soft wheat area, including spring wheat, at 4.9 million hectares (mln ha), an increase of 15% on 2020 and in line with the five-year average.
Spring barley will fall 34% from high levels last year to 524,000 ha, leading to a 12% fall in the total barley area to 1.73 mln ha.
The ministry forecast sugar beet plantings down 6% to 396,000 ha, 11.8% below the five-year average.
The ministry said the impact of recent frosts, which could have "significant consequences" on sugar beet, have not been included in this month's estimates.
Commenting on potential frost damage, Agriculture Minister Julien Denormandie on April 12 said France was likely experiencing the greatest agronomic disaster this century. He promised financial aid for all sectors hit.
For rapeseed, the ministry estimates the 2021 area including spring crop at 990,000 ha, down 11% from 2020, falling below one million hectares for the first time in at least six
...More info on site
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France: Most wheat and barley crop in good condition
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Most French wheat and barley remained in good condition last week, data showed on Friday, April 9, ahead of a freezing spell that may
...More info on site
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Japan & Myanmar: Kirin’s bold exit from Myanmar is not clean-cut
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Just five days after Myanmar’s military seized power in early February, the Japanese brewer Kirin expressed grave concern and announced that it was terminating
...More info on site
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India: Diageo may decide to dispose of some USL brands - sources
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Diageo Plc, the world’s largest distiller, has initiated a formal review of its Indian portfolio, which may lead to the hiving off or sale of several of its low-margin liquor brands, The Economic Times reported on April 12 citing people familiar with the matter.
The maker of Johnnie Walker whiskey, Smirnoff vodka and Captain Morgan rum has roped in investment bank Morgan Stanley to help streamline its sprawling empire of brands, many of which it inherited via the acquisition of United Spirits (USL) from Vijay Mallya. Popular mass brands such as Bagpiper and Green Label are likely to be part of this review, while the largest-selling McDowell’s brands will be kept out of the reorganisation process, sources said.
One of the options is franchising brands, said one of the persons cited above. This would involve giving the brands to franchisees in return for a fixed royalty fee. Diageo owns 55.94% of USL.
Popular whisky brands such as Bagpiper sell six million cases annually. Royal Challenges sells 5.5 million cases and Director’s Special sells four million cases annually. Diageo sells 18 million cases of popular brands such as Johnnie Walker, and three million cases each of J&B and Black & White globally. USL’s prestige
...More info on site
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Ukraine: Ukraine seeds 11% of area expected for 2021 crop of wheat, barley, peas and oats
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All Ukrainian regions have started the 2021 spring grain sowing, seeding a total of 853,260 hectares of wheat, barley, peas and oats as of April 8 or 11% of the expected area, economy ministry data showed on April 9.
The 2021 sowing campaign started a few weeks late due to lingering cold weather in most of the country.
The overall grain area is likely to total 15.5 million hectares in 2021, including 7.6 million hectares of spring grains, the ministry has said.
Farms have sown 625,220 hectares of barley, 132,030 hectares of peas, 53,680 hectares of wheat and 40,840 hectares of oats as of April 8.
The spring sowing area will include 1.388 million hectares of barley, 176,600 hectares of wheat, 5.327 million hectares of corn, 194,050 hectares of oats and 235,400 hectares of peas.
State weather forecasters said last month around 98% of Ukrainian winter wheat crops and 100% of winter barley were in good condition.
The favourable weather could help farmers increase the grain crop to 75 million tonnes this year from 65 million tonnes in 2020.
The ministry said farms had also started the 2021 sunflower sowing with the first seeding of 75,720 hectares. They have also sown 11,470 hectares of sugar beet so
...More info on site
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Belgium: La Mule brewery becomes the first brewery to open in Brussels municipality of Schaerbeek in almost 60 years
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For the first time in almost 60 years, Brussels municipality of Schaerbeek has its own brewery. At one point in the past, it had 15 but the last one, Brasserie Roelants on Avenue Rogier, closed in 1962 ending the commune’s long and rich history of beer brewing. Now, the brewery La Mule hopes to revive that tradition at a difficult time for the hospitality industry, The Bulletin reported on April 12.
Joël Galy, master brewer and founder of the brewery in the former horse stables of the tram depot on Rue Rubens, understands those who question the logic of opening such an enterprise during a global pandemic that has severely affected the businesses of bars and restaurants, his main customers. But he hopes that his calculation of a reopening of the sector in the next few months will allow La Mule to continue production.
"It all started in my head in May last year,” he said, referring to his idea of opening a brewery. “I told myself that I might be ready to go at the right time, when the pandemic was over. But now we're still in it."
"Because I'm only starting now, I can last another four or five months, but
...More info on site
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