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E-Malt.com Newsletter 38b
September 23 - September 26, 2021
Quote of the Week
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Currency Rates
Base Currency: US Dollar
on September 24, 2021 |
Base Currency: Canadian Dollar
on September 24, 2021 |
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1 USD = 0.8529 EUR
1 USD = 0.7305 GBP
1 USD = 1.2691 CAD
1 USD = 1.3744 AUD
1 USD = 110.0400 JPY
1 USD = 5.2913 BRL
1 USD = 72.7691 RUB
1 USD = 6.4598 CNY
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1 CAD = 0.7878 USD
1 CAD = 0.5755 GBP
1 CAD = 0.6719 EUR
1 CAD = 1.0828 AUD
1 CAD = 86.6900 JPY
1 CAD = 4.1685 BRL
1 CAD = 57.3279 RUB
1 CAD = 5.0890 CNY
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Currency Rates Chart
Equities of the Largest Breweries
North America: Barley production forecast down by 5.5 mln tonnes since June
...Click here
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USA: Budweiser unbeatable as top best-selling beer brand in the US
...Click here
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USA, NY: Constellation Brands to move its headquarters to Rochester
...Click here
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USA, CA: Ribald Brewing applies for beer manufacturing license
...Click here
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USA, CT: Armada Brewing receives plan approval in New Haven
...Click here
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Thailand: ThaiBev’s core net profit expected to increase by 6.6% in H2 2021
...Click here
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World: Poor barley crop in Canada, the US may open up more opportunities for Australian farmers
...Click here
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Argentina: Timely rains help maintain barley production forecast stable
...Click here
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EU: Late barley harvest countries fare not very well this year
...Click here
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Australia: Competition and Consumer Commission looking into Lion’s proposed buy-out of craft beer maker Fermentum
...Click here
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Ukraine: 17% of planned winter grains area sown as of September 20
...Click here
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Ukraine: 2021/22 barley exports to-date total 3.43 mln tonnes
...Click here
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South Korea: Korea's first single malt whiskey produced in hills of Namyangju
...Click here
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Graph of the Week
Table of the Week
World Hops Area and Production 2017 - 2020
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
23 September
1889 - Nintendo Koppai (Later Nintendo Company, Limited) is founded
1908 - University of Alberta opens
1974 - BBC Ceefax begins 1st teletext service
1991 - ABN & AMRO Dutch banks merge
24 September
1948 - The Honda Motor Company is founded
1960 - 1st nuclear-powered aircraft carrier launches (USS Enterprise)
1974 - John C. Bogle incorporates the Vanguard Group of Investment Cos. to administer - and to be owned by - the Vanguard family of mutual funds
1990 - Supreme Soviet gives approval to switch to free market
25 September
1639 - 1st printing press in America
1654 - England & Denmark sign trade agreement
1897 - 1st British bus service opens
1926 - Henry Ford announces 8 hour, 5-day work week
2014 - test event (Have to be edited and replaced with a real event description)
26 September
1404 - Brussels Brabants/Limburgse audit-office established
1680 - Tax revolt in Gorinchem due to tax on cereal
1786 - England & France sign trade agreement
1972 - Norway rejects membership in European Common Market
Agenda
September 2021:
22 - 24: Beer and Soft Drinks Industry 2021 (Kyiv, Ukraine)
23 - 25: Stockholm Beer & Whisky Festival 2021 (Stockholm, Sweden)
29 - 01 October: Central European Brewers Conference 2021 (Budapest, Hungary)
30 - 02 October: Stockholm Beer & Whisky Festival 2021 (Stockholm, Sweden)
October 2021:
03 - 04: Planete Biere 2021 (Paris, France)
07 - 09: Warsaw Beer Festival 2021 (Warsaw, Poland)
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)
22 - 23: Copenhagen Beer Festival 2021 (Copenhagen, Denmark)
22 - 23: Salon du Brasseur 2021 (Nancy, France)
November 2021:
04 - 09: The European Beer Star 2021 (Munich, Germany)
04 - 05: Sea Brew 2021 (Taipei, Taiwan)
December 2021:
02 - 04: Drink Technology India 2021 (Helipad Exhibition Centre, Gandhinagar, Gujarat, India)
07 - 08: Brewers Congress 2021 (The Brewery, 52 Chiswell Street, London, UK)
February 2022:
04 - 06: Finest Spirits 2022 (Munich, Germany)
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)
16 - 17: BeerX 2022 (Liverpool, UK)
29 - 31: Beviale Moscow 2022 (Moscow, Russia)
April 2022:
01 - 01: Zythos Beer Festival 2022 (exact dates to be confirmed) (Leuven, Belgium)
May 2022:
02 - 05: Craft Brewers Conference & BrewExpo America 2022 (Minneapolis, MN, USA)
05 - 05: World Beer Cup 2022 (USA)
11 - 13: Craft Beer China 2022 (Shanghai, China)
24 - 27: Beer 2022 (Sochi, Russia)
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)
September 2022:
12 - 16: Drinktec 2022 (Messe Muenchen, Munich, Germany)
News Articles
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North America: Barley production forecast down by 5.5 mln tonnes since June
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North America’s barley production forecast is lower and currently set at 7.1 mln tonnes for Canada and 2.2 mln tonnes for the US, RMI Analytics said earlier in September.
At the beginning of June, the analysts’ estimates were 11.3 and 3.5 mln tonnes, respectively, for a total crop of 14.8 mln tonnes, whereby the current estimate is a combined 9.3 mln tonnes.
The global implications for a 5.5 mln tonnes reduction in North America’s output is significant and impactful beyond the current crop cycle, the RMI analysts said.
A problematic growing season for Canada in 2021 has been exasperated by rains including some hail damage at the end of August. With much of the crop ripe, the rainfall has not only interrupted harvest, it has raised the potential for chitted or pre-germinated barley in the field. The very early harvested barley will be the best quality with more questions being raised by what remains unharvested. Maltsters and grain companies are actively assessing the impact.
The USA barley harvest is nearly completed and to a degree has avoided the rains.
Imports of barley from Europe and possible Australia are needed by both countries, but the extent of them is being determined, the analysts said.
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USA: Budweiser unbeatable as top best-selling beer brand in the US
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Beer is a year-round favorite and one of the most popular alcoholic beverages in the U.S. In fact, according to research from career resource site Zippia, of the 63 percent of U.S. adults who drink alcohol, 42 percent prefer beer over any other alcoholic beverage. With that in mind, Best Life set out to find the best-selling beer brand in the country.
To see which brews bring in the biggest dollars, the Best Life team consulted Zippia and the drinks business, the leading global trade publication for the beverage industry, both of which used the most recently available data gathered by IRI, a Chicago-based market research firm. The figures used for this ranking represent retail sales data across the U.S. for the year 2020. Data for 2021 sales had not yet been made available at the time of publishing.
9. Heineken
Latest annual sales: $842 million
Brewed in the Netherlands, Heineken is one of the most popular imported beers in the United States. With sales exceeding $840 million in 2020, the beer managed to increase its sales nearly six percent from the year prior.
8. Natural Light
Latest annual sales: $1.44 billion
Produced in the U.S. by global brewing giant AB InBev, Natural Light's sales increased by
...More info on site
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USA, NY: Constellation Brands to move its headquarters to Rochester
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One of the largest producers of beer, wine and spirits in the world, Constellation Brands will be moving its headquarters and hundreds of jobs from Victor in Ontario County to the Aqueduct Building in downtown Rochester.
Governor Kathy Hochul was in Rochester on September 22 to officially announce the move.
"Constellation Brands' exciting decision to expand its regional operations and establish its new headquarters in downtown Rochester will help to further advance our efforts to create new, good-paying jobs and a thriving city center," Hochul said in a statement. "Downtown Rochester's Innovation Zone is already home to some of the most talent-rich companies in the world. This transformative project at the historic Aqueduct Building will also help to maximize our $50 million ROC The Riverway efforts, which are reimagining and transforming the waterfront along the beautiful Genesee River, helping Rochester to thrive for generations to come."
Constellation Brands expects to be operating at the Aqueduct Building by the spring of 2024.
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USA, CA: Ribald Brewing applies for beer manufacturing license
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A new Nevada City business, Ribald Brewing, has applied for a beer manufacturer license from the state for 124 Argall Way — the former location of now closed Ol’ Republic Brewery, The Union reported on September 24.
Business partners and longtime friends Ray Van Lenten and Ryan Cano were, as of this week, in the process of preparing the space to be able to open within 30 days of their license being approved.
Van Lenten said Wednesday that he estimates the approval could come as early as December. He stated the application was filed a few weeks ago.
A “dream come true” location, according to Van Lenten, the building on Argall Way is well suited for its upcoming use as a brewery given that it had previously been set up for Ol’ Republic Brewery’s operations.
Van Lenten said, however, that fixtures such as sinks have been removed since then and needed replacement, among other aspects left to add before Ribald Brewing opens for business.
“The biggest challenge is just getting it all back up,” he said.
In an initial “soft opening,” the brewery would likely open four days per week, according to Van Lenten.
Describing his vision for the upcoming brewery, Van Lenten said its theme will
...More info on site
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USA, CT: Armada Brewing receives plan approval in New Haven
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New Haven is one step closer to having another taproom and brewery within its borders, the Middletown Press reported on September 24.
John Kraszewski Jr., owner of Armada Brewing, has received site plan approval for improvements to 190 River St., which was extensively remediated and approved for development in 2017.
The brewery and bar will be located in a historic 2-story masonry building at the corner of River and Lloyd streets.
Kraszewski said there will be no seating at the bar on the first level, but there will be seven tables seating 28 people.
On the second floor, Kraszewski said it will be more of a lounge area with seating at the bar on two sides. There also will be four 2-person tables around the facility and the couch area for a total of 40 customers on this level.
Kraszewski said the manufacturing space will be on the right side of the first floor, where there will be several vessels for making the beer.
The product is then moved into fermenters for 14 days before it is carbonated, packaged in kegs and placed in coolers for serving and retail sale. The beer made on the premises is consumed on site or sold to customers there.
Armada’s main
...More info on site
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Thailand: ThaiBev’s core net profit expected to increase by 6.6% in H2 2021
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CIMB forecasts that the core net profit of ThaiBev will increase by 6.6% come the second half of the financial year 2021.
ThaiBev has shifted
...More info on site
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EU: Barley export shipments start well in 2021/22
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EU’s barley export shipments started well, July – August 30 saw 2.115 mln tonnes exported vs. 1.6 mln a year ago, H. M. Gauger
...More info on site
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World: Poor barley crop in Canada, the US may open up more opportunities for Australian farmers
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As the world continues to exit from the pandemic, beer sales are expected to rebound, and in turn, demand for malting barley is expected
...More info on site
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Argentina: Timely rains help maintain barley production forecast stable
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Timely rains fell in Argentina at the end of August and were most welcome amid increasing concern over low subsoil moisture levels. This leaves
...More info on site
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EU: Late barley harvest countries fare not very well this year
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Denmark has finished its harvest in the islands, but is still behind on Jutland. August rains have affected yields and qualities to some extent;
...More info on site
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Australia: Competition and Consumer Commission looking into Lion’s proposed buy-out of craft beer maker Fermentum
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The Australian Competition and Consumer Commission (ACCC) is likely to announce its findings into Lion’s proposed buy-out of Stone & Wood’s parent company Fermentum on December 9 following a detailed market review, the Beer and Brewer reported on September 23.
As part of the three-month investigation, the ACCC is calling for public submissions so it can determine the acquisition’s impact on competition and whether any independent producer could fill the volume void left by the likes of Stone & Wood’s Pacific Ale should it be absorbed into Lion’s portfiolio.
In its request for submissions document, the ACCC are particularly seeking views from interested parties on:
Whether Lion and Fermentum compete closely for the supply of beer;
The likely impact of the proposed acquisition on the price or service levels for the supply of beer,
and;
The availability of alternatives to customers and the ability of these alternatives to expand.
It’s also wanting to gauge views on how beer is marketed, supplied and consumed in Australia, asks “whether there are different and distinct categories of beer, for example whether craft beer is distinct from classic or premium beer?” and queries if any of the major liquor retailers could help a producer step up to and replace Fermentum’s
...More info on site
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Ukraine: 17% of planned winter grains area sown as of September 20
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Ukrainian farms had sown 1.32 million hectares of winter grains for the 2022 harvest as of Sept 20 or 17% of the expected area of 7.84 million hectares, the agriculture ministry said on September 21.
The area will include 6.68 million hectares of winter wheat, 1.02 million hectares of winter barley and some area of rye, it said.
Farmers had sown 1.2 million hectares of winter wheat and 51,2500 hectares of winter barley, the ministry said in a statement.
It also said Ukraine would sow 1.03 million hectares of winter rapeseed and the sowing was 86% complete.
Last year, the autumn drought reduced the area planted with winter grains, and farmers sowed 6.1 million hectares of winter wheat, 954,700 hectares of winter barley and 125,200 hectares of rye for the 2021 harvest.
One of the major grain growers and exporters globally, Ukraine plans to harvest a record 80.6 million tonnes of grain in 2021.
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Ukraine: 2021/22 barley exports to-date total 3.43 mln tonnes
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Ukraine has exported 12.8 million tonnes of grain so far in the 2021/22 July-June season versus 11.3 million at the same point a year earlier, agriculture ministry data showed on September 24.
That included 7.74 million tonnes of wheat, 3.43 million tonnes of barley and 1.4 million tonnes of corn, the data showed.
Ukraine plans to thresh a record 80.6 million tonnes of grain in 2021, up from 65 million tonnes in 2020. Exports could jump to 60.7 million tonnes in 2021/22 from 44.7 million tonnes in 2020/21.
The government has said grain exports could include 23.8 million tonnes of wheat, 30.9 million tonnes of corn and 5.2 million tonnes of barley.
Ukraine's exports last season included 23.1 million tonnes of corn, 16.6 million tonnes of wheat and 4.2 million tonnes of barley.
The ministry said on September 24 farms have harvested 46.4 million tonnes of grain as of Sept. 23 from 66.5% of the sown area and the yield averaged 4.38 tonnes per hectare.
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South Korea: Korea's first single malt whiskey produced in hills of Namyangju
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Whisky's best days in Korea appeared to be behind it in 2020 when the amount of imports hit its lowest mark in 21 years. But Bryan Do saw an opportunity when he noticed that the single malt whiskey market was still expanding, The Korea Times reported on September 24.
Teaming up with a master distiller from Scotland, Andrew Shands, and some others, he set up a distillery on a hillside in Namyangju, a location he thought perfect to capture Korea's unique tastes. Early this month, Three Societies produced its first bottle of single malt whiskey ― for the first time in the country.
Out of 1506 bottles released in this first limited edition, many have already been sold both here and to customers in five other territories, including Singapore and Hong Kong.
Do, the company's founder and CEO, told The Korea Times that his short-term ambition is, in three years, to export his whiskey products to Europe, including to Scotland and Ireland, where the liquor was born, when the products obtain legal whiskey status there.
"This is not the finished product at all. It's just the beginning, something to show that how well whiskey can age in Korea," he said. "Our taste is good
...More info on site
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