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E-Malt.com Newsletter 34b
August 26 - August 29, 2021
Quote of the Week
Without question, the greatest invention in the history of mankind is beer. Oh, I grant you that the wheel was also a fine invention, but the wheel does not go nearly as well with pizza.
Dave Barry
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Currency Rates
Base Currency: US Dollar
on August 27, 2021 |
Base Currency: Canadian Dollar
on August 27, 2021 |
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1 USD = 0.8502 EUR
1 USD = 0.7284 GBP
1 USD = 1.2636 CAD
1 USD = 1.3785 AUD
1 USD = 110.0600 JPY
1 USD = 5.2291 BRL
1 USD = 74.0875 RUB
1 USD = 6.4806 CNY
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1 CAD = 0.7913 USD
1 CAD = 0.5763 GBP
1 CAD = 0.6728 EUR
1 CAD = 1.0908 AUD
1 CAD = 87.0900 JPY
1 CAD = 4.1377 BRL
1 CAD = 58.6251 RUB
1 CAD = 5.1280 CNY
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Currency Rates Chart
Equities of the Largest Breweries
North America: Region’s malting capacity estimated at 2.15 mln tonnes
...Click here
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Canada: 2020-21 barley exports to increase significantly due to brisk exports to China
...Click here
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USA, MN: Back Shed Brewing opens its doors in Waite Park
...Click here
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USA, NY: Return Brewing getting ready to open in Hudson
...Click here
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USA, NJ: Icarus Brewing planning upsizing in Lakewood
...Click here
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World: Malting barley prices continue to climb higher
...Click here
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Germany: Hop crop expected to increase by 2% this year
...Click here
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Malaysia: Heineken Malaysia returns to black in second quarter ended June 30
...Click here
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Argentina: Barely production, exports forecast to increase in 2021/22
...Click here
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The Netherlands: Beer consumption this summer 8% lower than last year
...Click here
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France: Pernod Ricard to book additional $163 mln in income before tax this year
...Click here
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Nigeria: Guinness Nigeria to expand operations and production capacity in Lagos
...Click here
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India: B9 Beverages Pvt. planning a fifth brewery before planned IPO
...Click here
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Ukraine: Barley exports total 2.2 mln tonnes since the start of the 2021/22 campaign
...Click here
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Graph of the Week
Table of the Week
Czech Republic Hop Area and Production and Alpha Acid Output 2010-2021(s)
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
26 August
1541 - Turkish sultan Suleiman occupies Budapest and annexes Hungary
1843 - Charles Thurber patents a typewriter
1880 - Guillaume Apollinaire was born, poet/movie critic (Alcoola)
27 August
1910 - Mother Teresa was born (Agnes Gonxha Bojaxhiu), Yugoslavia, Nobel 1979
1950 - 1st transmission of a TV program from continental Europe shown on BBC
1965 - Le Corbusier, (Charles Jeanneret), Swiss/French architect, dies at 77
28 August
1565 - Oldest city in the US, St Augustine Fla, established
1828 - Lev Tolstoi was born, Russian writer (War & Peace, Anna Karenina) [OS]
1963 - Martin Luther King Jr's "I have a dream" speech held at Lincoln Memorial
29 August
1831 - Michael Faraday demonstrates 1st electric transformer
1854 - Self-governing windmill patented (Daniel Halladay)
1885 - Gottlieb Daimler registers his "Reitwagen" ("riding carriage") as German patent DRP No. 36423
1922 - The first radio advertisement is broadcast on WEAF-AM in New York City
Agenda
September 2021:
01 - 21 November: Brussels Beer Challenge 2021 (Brussels, Belgium)
09 - 12: Craft Brewers Conference & BrewExpo America 2021 (Denver, Colorado, USA)
16 - 18: Zurich Bier Festival 2021 (Zurich, Switzerland)
17 - 20: The International Beer Cup 2021 (Yokohama, Japan)
21 - 23: 11th Ibero-American VLB Symposium (Online)
22 - 24: Beer and Soft Drinks Industry 2021 (Kyiv, Ukraine)
23 - 25: Stockholm Beer & Whisky Festival 2021 (Stockholm, Sweden)
30 - 02 October: Stockholm Beer & Whisky Festival 2021 (Stockholm, Sweden)
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)
18 - 20: Expo Antad & Alimentaria Mexico 2021 (Mexico City, Mexico)
20 - 22: drink technology India 2021 (Mumbai, India)
22 - 23: Copenhagen Beer Festival 2021 (Copenhagen, Denmark)
November 2021:
04 - 09: The European Beer Star 2021 (Munich, Germany)
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)
15 - 17: Brasil Brau 2022 (Sao Paulo, Brazil)
20 - 23: Beer & Food Attraction 2022 (Rimini Expo Centre, Rimini, Italy)
March 2022:
09 - 12: Festival Brasileiro da Cerveja 2022 (Blumenau, Brazil)
29 - 31: Beviale Moscow 2022 (Moscow, Russia)
April 2022:
01 - 01: Zythos Beer Festival 2022 (exact dates to be confirmed) (Leuven, Belgium)
May 2022:
05 - 05: World Beer Cup 2022 (USA)
11 - 13: Craft Beer China 2022 (Shanghai, China)
29 - 01 June: The Brewers of Europe Forum & 38th EBC Congress (Madrid, Spain)
June 2022:
07 - 08: Bev Expo 2022 (Manchester, UK)
10 - 11: Tallinn Craft Beer Weekend 2022 (Tallinn, Estonia)
News Articles
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North America: Region’s malting capacity estimated at 2.15 mln tonnes
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Total North America (the US, Canada and Mexico) malting capacity is 2.15 mln tonnes, RMI Analytics reports.
According to the analysts, the region’s malting capacity
...More info on site
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Canada: 2020-21 barley exports to increase significantly due to brisk exports to China
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For 2020-21, total barley exports are expected to increase significantly from 2019-20 to 4.55 mln tonnes, primarily due to brisk barley grain exports to China, based on Statistics Canada’s (STC) monthly export data. For the August 2020 – June 2021 period, STC reported barley grain exports at 3.48 mln tonnes and malt exports at 0.51 mln tonnes, Agriculture and Agri-Food Canada said in its August report.
Barley imports for 2020-21 are expected to rise sharply from last year to 0.30 mln tonnes, largely due to increased feed demand in western provinces. For the August 2020 – June 2021 period, STC reported barley imports at 0.26 mln tonnes.
Total domestic use is anticipated to decrease from last year, mainly due to lower feed use.
Carry-out stocks are projected to decline sharply from last crop year to 0.5 mln tonnes, the lowest level on record. The stocks-to-use ratio is pegged at 4%, versus around 19% in normal years.
The 2020-21 average feed barley price in Lethbridge area increased to C$294/t, breaking the record level of C$279/t in 2012-13, due to the expected tight carry-out stocks, a pessimistic outlook about new crop production, and strong prices of other grains.
For 2021-22, Canadian producers seeded nearly 3.36 million
...More info on site
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USA, MN: Back Shed Brewing opens its doors in Waite Park
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Back Shed Brewing has opened its doors (the front ones) in Waite Park, MN, SC Times reported on August 25.
The new Waite Park brewery had its first official day Saturday, August 21, complete with live music and a food truck.
On tap to start were six beers (two blonde ales, an IPA, an American Porter and two sours) and two seltzers.
The patio is not complete, but the beer is.
"We figured as long as the beer is ready, we might as well let people come in and enjoy it," Jason Schlecht said. He started the brewery with his brother, Scott Schlecht.
The brewery has 16 taps on either side of the shed (built inside Back Shed Brewing and surrounded by a bar), which means their goal is to eventually get to 16 different brews on tap, Schlecht said.
Experimentation with small batches in a 15-gallon pilot system will start right away. If these brews are popular, they could be served more regularly.
As of Wednesday, August 26 the brewery's website listed these beers as available at Back Shed Brewing:
Blonde, James Blonde — blonde ale
Cranky Man — cranberry/mango blonde ale
Stompin' Daisies — IPA
Double Cross — American Porter
Head brewer Chris Simonson said the blonde ale is
...More info on site
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USA, NY: Return Brewing getting ready to open in Hudson
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After eight years at Sixpoint Brewery in Brooklyn, Mikey Lenane was ready to return to the Hudson Valley.
“I've been thinking about coming back upstate to start a brewery almost since I started at Sixpoint,” said Lenane, who worked in marketing, sales and product development at the brewery until 2020. Now, as he readies the opening of Return Brewing in Hudson, he splits his time between NYC and his parent’s home in New Baltimore while he apartment hunts in the region, the Albany Times Union reported on August 26.
“But it's only been recently that I could actually justify this as a business decision. The market for good beer has just really changed. I remember growing up, craft beer was not something that any of my friends’ dads would drink. It was like hipster or sissy beer [to them]. So it's been really crazy watching the whole region change and people accept craft beer. I'm really excited to be able to come back and do what I always wanted to.”
Two former Sixpoint colleagues, brewer JD Linderman and designer Jack Liakas, and college friend Robert Wise, who will head up finance and operations, join Lenane as co-founders of Return. Its name sounds
...More info on site
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USA, NJ: Icarus Brewing planning upsizing in Lakewood
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There are big plans taking shape for the future of Icarus Brewing, app.com reported on August 24.
The craft brewery, in business on Swathmore Avenue in Lakewood since 2017, is one of the power players of the New Jersey beer scene. It's planning to move just about five miles to 2045 Route 88 in Brick, the former site of Shore Restaurant Supply.
Icarus Brewing purchased the property at the end of March, owner Jason Goldstein told the Asbury Park Press. The project is on the agenda to go before township's planning board at this week's meeting, 7 p.m. Wednesday, August 25 at the Municipal Building, 401 Chambers Bridge Road.
"Brick Township has welcomed us with open arms so far," Goldstein said, "with everyone ranging from the mayor (John G. Ducey) to the residents of the town rooting for us to open and offering kind words of support."
The project is still in the early stages of the permitting process. If approved, Icarus would be upsizing from its current 4,000-square-foot facility in Lakewood to occupying just over 16,000 square feet of a 22,000-square-foot building in Brick.
Icarus' current brewing capacity is around 5,000 barrels a year, and on Route 88 they would be able to triple
...More info on site
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USA, WI: Racine Brewing Company closing for good
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Last winter, Racine Brewing Company was the only brewery operating in Racine, OnMilwaukee reported on August 25.
A couple others have since opened but now Racine Brewing is closing, according to a Facebook post from owners Angie and Andy Molina.
According to the post, the brewery's last day will be Sept. 30.
"We appreciate every one of you and thank you for your support over the three and a half years," the statement reads. "We made so many new friends, some even becoming like family.
"We've loved observing how RBC took on a life of its own, transforming into a place that people loved not just to enjoy a great beer, but to meet with friends, bring their families and hold their events. We love that people feel like they are at home here."
The struggles facing small businesses, especially during Covid are the reason for the closing, according to the Molinas.
"The past year and a half has just been too much of a struggle with too many hurdles. We, as many other small businesses, never fully recovered from the catastrophic results of Covid-19. ... We adapted and changed as much as we were able to ... it just isn't enough to be sustainable and
...More info on site
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World: Malting barley prices continue to climb higher
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Global malting barley prices continue to climb higher as crop forecasts are reduced and the availability of malting barley is diminished. However, the prices
...More info on site
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Germany: Hop crop expected to increase by 2% this year
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The official estimates for all German hop growing regions have been published recently. Yields are expected to be at least in the long-term average,
...More info on site
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Malaysia: Heineken Malaysia returns to black in second quarter ended June 30
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Heineken Malaysia Bhd returned to the black for the second quarter ended June 30, 2021 (2QFY21), The Edge Markets reported on August 26.
The company
...More info on site
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Argentina: Barely production, exports forecast to increase in 2021/22
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Argentina’s 2021/22 barley production is forecast to reach 4.6 mln tonnes versus 4.1 mln tonnes in 2020/21, H. M. Gauger GmbH said in their
...More info on site
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The Netherlands: Beer consumption this summer 8% lower than last year
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This past summer, beer consumption in the Netherlands was 8 percent lower than in the same period last year, though the consumption of alcohol-free beer increased by 3 percent, NU.nl reports based on figures from Nederlandse Brouwers.
Non-alcoholic beer now accounts for 7 percent of all hectolitres of beer drunk in the Netherlands, compared to just over 1.5 percent ten years ago. In the same period, the share of lager decreased from some 90 percent to just over 75 percent. The share of specialty beer like IPA or ales doubled in the past decade, from 6 to 12 percent.
According to the Nederlandse Brouwers, the increasing popularity of both non-alcoholic and specialty beer is all to do with increased supply and being increasingly accepted in society. "There is a lot of choice and it is also increasingly drunk with dinner, for example," a spokesperson said to NU.nl.
Research by the Dutch brewers showed that the percentage of Netherlands residents who sometimes drink beer decreased from 48 percent to 45 percent in the past five years. Fewer men drink beer, among women the percentage remained stable. Beer consumption decreased among older age groups, but increased among young people between the ages of 18 and
...More info on site
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France: Pernod Ricard to book additional $163 mln in income before tax this year
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Pernod Ricard shares opened higher on August 25 after the French spirits group said it would book an additional $163 million in income before
...More info on site
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Nigeria: Guinness Nigeria to expand operations and production capacity in Lagos
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Guinness Nigeria Plc has announced plans to expand its operations and production capacity in Lagos, over the next few months, the Vanguard reported on August 25.
Following the unanimous approval of its Board and in furtherance of the strategic plan the business has been implementing over the last few years, Guinness Nigeria Plc, the country’s foremost Total Beverage Company has now completed the acquisition of 25 acres of commercial property in the Ogba industrial area of Lagos.
The Managing Director Guinness Nigeria Plc., Baker Magunda highlighted this investment in a statement reaffirming the company’s overarching strategy and expansion plans, describing it as a reflection of its belief in the Nigerian economy and ongoing commitment to the country’s development.
He said: “This bold acquisition comes with an ambitious investment plan of expanding our production capacity and operations in Nigeria. We remain steadfast in our commitment to Nigeria’s growth and development while enhancing our shareholders value in the long term. It is also part of our strategy to optimize our production assets and thereby ensure improved operational efficiency leading to greater value for our shareholders”.
He added; “On completion of this phase of our expansion, we will be increasing our capacity to meet the
...More info on site
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India: B9 Beverages Pvt. planning a fifth brewery before planned IPO
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B9 Beverages Pvt., the owner of Indian craft-beer brand Bira 91, will open its fifth local brewery before the end of the year as it seeks to capture swelling demand in the country for more flavorsome tipples before a planned initial public offering, Livemint reported on August 25.
The new brewery in Madhya Pradesh - Bira’s second in the central Indian state - will initially add 400,000 hectolitres a year, Ankur Jain, the 41-year-old chief executive officer, who established the brewer in 2015, told Bloomberg News in an interview.
Known for its cartoon punk monkey mascot and backed by Sequoia Capital and Japanese beverage firm Kirin Holdings Co., B9 has tapped investors for about $50 million so far this year. Amid heated interest in India’s startup space - and their IPOs, Jain said the brewer is also preparing for its last and largest round of private fund raising set to conclude in 2021 before it pins down its listing plans.
“Consumers are looking for more flavor," he said on the robust demand trajectory. “I don’t think there will be any slowdown."
The capacity at Bira’s new planned unit can be expanded to 1 million hectolitres - a hectolitre is equal to 100 litres (26.4
...More info on site
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Ukraine: Barley exports total 2.2 mln tonnes since the start of the 2021/22 campaign
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Ukraine has exported almost 6.5 million tonnes of grain since the start of the 2021/22 July-June season versus 6.4 million exported at the same point a year earlier, agriculture ministry data showed on August 26.
That included 3.1 million tonnes of wheat, 2.2 million tonnes of barley and 1.17 million tonnes of corn, the data showed.
Ukraine plans to thresh about 76 million tonnes of grain in 2021, up from 65 million tonnes in 2020.
The ministry last week said farmers had almost completed the 2021 wheat harvest, threshing 32 million tonnes from 97.6% of the sown area.
The government has said that grain exports could rise to 56 million tonnes in the 2021/22 season, including 20.7 million tonnes of wheat, 30.7 million tonnes of corn and 4.1 million tonnes of barley.
Ukraine exported 44.7 million tonnes of grain in the 2020/21 season. That included 23.1 million tonnes of corn, 16.6 million tonnes of wheat and 4.2 million tonnes of barley.
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