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E-Malt.com Newsletter 49a
December 06 - December 08, 2021
Quote of the Week
If today you are a little bit better than you were yesterday, then that's enough.
David A. Bednar
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Currency Rates
Base Currency: US Dollar
on December 08, 2021 |
Base Currency: Canadian Dollar
on December 08, 2021 |
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1 USD = 0.8874 EUR
1 USD = 0.7544 GBP
1 USD = 1.2693 CAD
1 USD = 1.4097 AUD
1 USD = 113.5930 JPY
1 USD = 5.6593 BRL
1 USD = 74.2007 RUB
1 USD = 6.3663 CNY
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1 CAD = 0.7877 USD
1 CAD = 0.5943 GBP
1 CAD = 0.6990 EUR
1 CAD = 1.1104 AUD
1 CAD = 89.4747 JPY
1 CAD = 4.4577 BRL
1 CAD = 58.4465 RUB
1 CAD = 5.0146 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Mexico: Constellation Brands to build a new brewery in Veracruz - sources
...Click here
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North America: No change in barley crop forecasts this month
...Click here
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Canada: Barley export prices unchanged from last month
...Click here
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USA, MI: Ogma Brewing Company opens its doors to the public
...Click here
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USA, FL: Big Storm Brewing Co. announces purchase of Darwin Brewing Co.
...Click here
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USA, NJ: Sons of Barley Beer Company hoping to get planning approval in January
...Click here
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UK: Simpsons Malts submit planning application to build £50 mln maltings in Scotland
...Click here
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World: AB InBev forecasts 4% to 8% growth in core profit over next four years
...Click here
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World: AB InBev CEO dismisses suggestion beer is losing ground to spirits
...Click here
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Japan & Myanmar: Kirin Holdings files for commercial arbitration to terminate JV with Myanmar military-linked entity
...Click here
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EU & UK: Barley production forecast down 0.2 mln tonnes this month
...Click here
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UK: Carlsberg to close and sell London Fields Brewery
...Click here
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Belgium: Yakima Chief Hops completes construction of a state-of-the-art cold storage warehouse in Belgium
...Click here
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France: Winter barley area estimated to have increased for harvest 2022
...Click here
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UK: Whisky prices set to triple next year due to supply chain crisis
...Click here
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Russia: Brewers warn against introduction of mandatory labelling in September
...Click here
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Australia: Malting barley exports jump 153% in October
...Click here
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Ukraine: 2021/22 barley exports total 4.96 mln tonnes to-date
...Click here
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Ireland: Heineken Ireland proposes to take full control of Comans Beverages Limited
...Click here
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Graph of the Week
Table of the Week
World Barley Supply & Demand
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
06 December
1492 - Haiti discovered by Columbus, at Mole Saint Nicolas
1768 - 1st edition of "Encyclopedia Brittanica" published (Scotland)
1877 - Washington Post publishes 1st edition
1922 - 1st electric power line commercial carrier in U.S., Utica, New York
07 December
1877 - Thomas A Edison demonstrates the gramophone
1926 - Gas refrigerator patented
1941 - Japanese attack Pearl Harbor (a date that will live in infamy)
1945 - Microwave oven patented
08 December
1794 - 1st issue of Herald of Rutland, VT published
1863 - Abraham Lincoln announces plan for Reconstruction of South
1923 - Salary and price freeze in Germany
1993 - Dow-Jones hits record 3734.53
Agenda
December 2021:
07 - 08: Brewers Congress 2021 (The Brewery, 52 Chiswell Street, London, UK)
17 - 19: Barcelona Beer Festival 2021 (Barcelona, Spain)
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)
17 - 19: Expo Antad & Alimentaria Mexico 2022 (Expo Guadalajara, Jalisco, Mexico)
19 - 22: Mondial de la Biere 2022 (Montreal, Canada)
24 - 27: Beer 2022 (Sochi, Russia)
29 - 01 June: The Brewers of Europe Forum & 38th EBC Congress (Madrid, Spain)
June 2022:
07 - 08: IGC Grains Conference 2022 (London, UK)
07 - 08: Bevexpo 2022 (Manchester, UK)
10 - 11: Tallinn Craft Beer Weekend 2022 (Tallinn, Estonia)
12 - 14: Bangkok Brewing Conference 2022 (Bangkok International Trade & Exhibition Centre (BITEC) Bangkok, Thailand)
August 2022:
11 - 13: VIETFOOD & BEVERAGE - VIETNAM 2022 (Saigon Exhibitions and Conventions Center. 799 Nguyen Van Linh Street, District 7, HoChiMinh City, Vietnam)
September 2022:
12 - 16: Drinktec 2022 (Messe Muenchen, Munich, Germany)
27 - 29: 3rd VLB Africa Brewing Conference (VLB Virtual Campus)
October 2022:
06 - 08: The Great American Beer Festival 2022 (Denver, USA)
November 2022:
08 - 10: Brau Beviale 2022 (Nuremberg, Germany)
News Articles
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Mexico: Constellation Brands to build a new brewery in Veracruz - sources
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A United States company that brews Corona and other Mexican beers for sale in the U.S. will build a new brewery in Veracruz, according
...More info on site
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North America: No change in barley crop forecasts this month
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There are no changes in the production levels for Canada and the USA, at 6.8 mln and 2.4 mln tonnes respectively, and a very
...More info on site
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Canada: Barley export prices unchanged from last month
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In nominal terms, barley export prices in Canada are unchanged from last month but this remains a theoretical exercise with prices well above other
...More info on site
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USA, MI: Ogma Brewing Company opens its doors to the public
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Jackson’s Ogma Brewing Company opened its doors to the public on Friday, December 3. The three owners, Andrew Volk, Troy Craft and his brother Kevin Craft, say it’s been a long time coming, the FOX 47 News reported.
“I think it’s something different. Being downtown was important. We’re all from Jackson. We eventually left Jackson to Chicago and California and we came back,” Volk said. “We wanted to bring some of the things from those places that we really enjoyed into a spot here in Jackson.”
Volk said the brewery has been five years in the making.
“I think it’s going to be a community space,” he said. “It’s something that we’re really excited to open up and let people in here to really experience something different.”
And the initial reaction was positive.
"Normally I'm not one that's into craft beer but actually both beers that I've sampled here today have been really great," said customer Allison Van Dusen.
Located at 129 E. Michigan Ave. the brewery has space for 50 guests. Six beers are on tap ranging from IPA’s to classic beers, lagers and stouts. They also plan to have food starting later this month with dishes like pork belly nachos, bruschetta bao buns and
...More info on site
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USA, FL: Big Storm Brewing Co. announces purchase of Darwin Brewing Co.
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Clearwater-based Big Storm Brewing Co. announced its purchase of Bradenton-based Darwin Brewing Co. on December 6, which has been making culinary-inspired beer for about 10 years, the Axios reported.
"It is our plan to take the next year to methodically find a new home for Darwin that will allow the brand to find some of its original roots regarding a culinary experience," Big Storm co-owner L.J. Govoni said in the announcement.
Big Storm expanded into Central Florida with a brewpub in downtown Orlando last month and is set to open its fifth Florida location, an 11,000-square-foot taproom and restaurant in Ybor City, early next year.
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USA, NJ: Sons of Barley Beer Company hoping to get planning approval in January
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A commercial corner along busy Route 45 in Woodbury Heights may be home soon to the borough’s first brewery, a proposal that planning officials are expected to consider in January, The Courier Post reported on December 8.
Sons of Barley Beer Company is a venture by craft beer enthusiasts John Kelly, a borough resident, and Scott Rigilano, a Williamstown resident.
The partners already are doing basic renovations to a leased building in a retail center at Route 45 and Alliance Street. The 2,000-square-foot customer area is large enough to seat 75 people, according to the site plan.
The more involved work of installing the mechanical brewing infrastructure, set up in its own 1,000 square feet of space, and outfitting the tasting area would start after borough officials approve the plan.
“We’re going to be in the realm of Kelly Green, maybe Eclipse (breweries),” Rigilano said, referring to nano breweries located in Pitman and Merchantville, respectively. “Small to start off with, and then we’re going to upgrade to a larger system.”
Rigilano, a home brewer since his early 20s, said the partners had hoped to be open by now.
“We’re paying for the place now, so we’ve got to get going,” he said. “Everybody’s excited about the
...More info on site
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UK: Simpsons Malts submit planning application to build £50 mln maltings in Scotland
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Simpsons Malts has submitted its planning application to build its £50 million maltings on the outskirts of Rothes (Scotland), The Press and Journal reported
...More info on site
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World: AB InBev forecasts 4% to 8% growth in core profit over next four years
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Anheuser-Busch InBev's new leadership set the company's first earnings target on December 6, forecasting 4% to 8% growth in core profit over the next
...More info on site
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World: AB InBev CEO dismisses suggestion beer is losing ground to spirits
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The chief executive of the world’s largest brewer Anheuser-Busch InBev has dismissed the suggestion beer is losing ground to spirits, saying “it’s about time
...More info on site
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Japan & Myanmar: Kirin Holdings files for commercial arbitration to terminate JV with Myanmar military-linked entity
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Kirin Holdings Co. said on December 6 it has filed for commercial arbitration to terminate its joint venture partnership with Myanmar Economic Holdings Public
...More info on site
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EU & UK: Barley production forecast down 0.2 mln tonnes this month
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The EU 27+UK barley crop production forecast is at 58.9 mln tonnes this month, down 0.2 mln since the forecast of late November, but
...More info on site
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UK: Carlsberg to close and sell London Fields Brewery
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Carlsberg Marston's Brewing Company has closed London Fields Brewery with the intention of selling the business just four years after buying it, The Caterer reported on December 8.
A statement posted on the London Fields Brewery website said: "It is with regret that we have taken a difficult decision and propose to close London Fields Brewery with a view to selling the business and finding new owners.
"We will close our taproom and e-commerce platforms and pause onsite brewing immediately… As you can imagine, this is a difficult time for the team and we are focusing on looking after each other, as well as our customers, partners and friends in the community."
It also said it was "hopeful" the brewery would reopen "in the near future if a sale is agreed".
Carlsberg UK bought London Fields Brewery in 2017 and operated the business in a joint venture with Brooklyn Brewery. At the time, the group said investment would be made to re-introduce brewing at its original home under the Hackney railway arches and to upgrade its taproom and events space.
London Fields Brewery was founded in Hackney in 2011.
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Belgium: Yakima Chief Hops completes construction of a state-of-the-art cold storage warehouse in Belgium
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In an effort to better serve the global brewing community Yakima Chief Hops (YCH), the largest grower-owned hop supplier based in Yakima, Washington, has completed construction of a state-of-the-art cold storage warehouse in Belgium, PR Newswire reported on December 7.
Yakima Chief Hops has been supplying brewers worldwide with quality hops for more than 30 years. Developing some of the most cutting-edge products in the market, YCH has become a driver for creativity and innovation in the global beer industry.
The expansion into Europe will greatly improve the YCH customer experience, including increased access to their extensive portfolio of products and varieties as well as improved logistics and faster delivery times to brewery customers.
"Establishing a foundation here in Europe speaks to the commitment YCH has to delivering the highest quality hops directly to its global brewing customers," said Denis Gayte – Managing Director for YCH Europe. "Our new facility ensures that our hops grown in America's Pacific Northwest can be stored here in Europe and delivered to customers in the best possible condition."
Located in Mont Saint Guibert, the 6,600 sqm2 warehouse includes cold storage capacity to house up to 8,800 pallets of hops, office space, a taproom and a visitor center where
...More info on site
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France: Winter barley area estimated to have increased for harvest 2022
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France's farm ministry on December 7 estimated the country's winter soft wheat area for the 2022 harvest at 4.92 million hectares, down from 4.96 million hectares the previous year, Nasdaq reported.
In its first sowing estimates for next year's harvest, the ministry pegged the winter barley area at 1.23 million hectares, up from 1.20 million hectares the prior year, and projected the winter rapeseed area would rise to 1.10 million hectares from 0.98 million hectares.
For winter durum wheat, farmers were expected to sow about 279,000 hectares, down from 284,000 hectares the previous year.
Wheat and rapeseed in France are almost exclusively winter crops, while barley production comprises a significant share of spring crop.
Traders and analysts have anticipated a sharp rise in France's rapeseed area, as record prices encourage a rebound in sowing following a decline in recent years.
However, the ministry said its rapeseed area projection for 2022 remained well below an average of 1.2 million hectares for the 2017-2021 period.
Analysts have also expected the recovery in rapeseed to curb cereal planting, although attractive prices and favourable autumn weather were seen limiting any decline in wheat and barley.
Maize is seen as more likely to lose area during spring planting, partly as farmers turn
...More info on site
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UK: Whisky prices set to triple next year due to supply chain crisis
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The best single malt whiskies are set to triple in price next year due to the worst supply chain crisis in the industry’s history, the Daily Record reported on December 5.
Experts have warned Brexit, the pandemic and soaring demand have resulted in a “perfect storm” hitting Scotland’s prized £5 billion dram export market.
There are fears it could leave distilleries struggling to meet global demand over the festive season and lead to years of price rises.
The Sunday Mail found a bottle of 16-year-old Lagavulin – a favourite Christmas present – has rocketed by £10 since this time last year.
Dawn Davies, head buyer at The Whisky Exchange, one of the world’s biggest sellers of fine malts, said: “During lockdown distilleries weren’t able to get liquid into casks.
“It’s going to be very interesting what happens in the next 10 or 15 years because there is going to be a massive shortfall.
“The other issue is that absolutely everything – because of Brexit and Covid – is taking a hell of a long time.
“Sales have gone up, people haven’t forecasted correctly and there are huge issues trying to get glass, caps, cork – things you wouldn’t even think about.
“Everything along the supply chain is taking
...More info on site
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Russia: Brewers warn against introduction of mandatory labelling in September
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In Russia, from September 2022, beer supply disruptions may begin, its price rise and the growth of the illegal market are possible due to the introduction of mandatory labelling, RBC writes with reference to the Association of Beer Producers (unites AB InBev Efes, Carlsberg-owned Baltika and Heineken).
According to manufacturers, the Ministry of Industry and Trade has set unrealistic terms for the introduction of labelling.
However, the issue of the coexistence of two systems has not yet been resolved – the Unified State Automated Information System (EGAIS) and labeling, since regulators have repeatedly stated that the market will work with only one. Manufacturers believe that in nine months, suppliers of specialized equipment for the introduction of marking will not be able to meet the needs of the Russian market. In addition, it will take a long time to install and test equipment by brewers.
“It is especially worth considering the factor that there are no suitable technical solutions for marking certain types of packaging, for example, aluminum cans,” the APT added.
The implementation of the project to introduce beer labeling can also lead to an increase in the final prices for the product and, subsequently, to the growth of the illegal market.
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Australia: Malting barley exports jump 153% in October
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Australia exported 82,851 tonnes of malting barley, 349,288 tonnes of feed barley and 297,601 tonnes of sorghum in October, according to the latest export data from the Australian Bureau of Statistics.
The malting figure surprised by jumping 153 per cent from the 32,729 tonnes shipped in September, while the feed barley number is down 32pc from the September total of 512,617 tonnes.
Flexi Grain pool manager Sam Roache said Thailand was again notable in its absence from the list of feed barley customers, likely a function of its own corn harvest hitting the bins in August-September.
“We should see some improvement into Q4 2021 and Q1 2022,” Mr Roache said.
“Thai demand for barley does carry some new risk going forward, with the continuing competitiveness of feed wheat eating into the attractiveness of barley in that country; the same can be said for The Philippines and Vietnam.”
However, a strong export program on Australian feed barley showed no sign of letting up in October.
“Japan and Saudi Arabia continuing to dominate the space as we have seen all year, and Oman, Vietnam and The Philippines continue to contribute to demand.”
Mr Roache said November shipments could see a reduction in volume, the result of rain and cool
...More info on site
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Ukraine: 2021/22 barley exports total 4.96 mln tonnes to-date
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Ukraine has exported 26.08 million tonnes of grain so far in the 2021/22 July-June season, up 17% from the same stage a year earlier, agriculture ministry data showed on December 6.
That included 14.60 million tonnes of wheat, 4.96 million tonnes of barley and 6.21 million tonnes of corn, the data showed.
Ukraine plans to thresh a record 80.9 million tonnes of grain in 2021, up from 65 million tonnes in 2020. Exports could jump to 62.4 million tonnes from 44.7 million tonnes in 2020/21.
The government has said that grain exports could include 24.5 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.
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Ireland: Heineken Ireland proposes to take full control of Comans Beverages Limited
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Heineken Ireland has put forward a proposal to take over sole control of an Irish drinks company behind beers such as Dutch Gold, The Journal reported on December 6.
A spokesperson for Heineken Ireland confirmed that it has agreed terms to acquire remaining control over Comans Beverages Limited, of which it already holds 25% of shares.
Until now, Heineken has been the minority shareholder of the company, but it could soon have sole control over the venture if plans submitted to the Competition and Consumer Protection Commission are approved.
The Heineken spokesperson said: “This is consistent with the provisions of the agreement that established the JV [joint venture] in 2016 and would complete the phased purchase of this business.”
Comans Beverages supplies beers, wines, spirits and soft drinks to hospitality and retail in Ireland. Along with Dutch Gold, it distributes brands like Prazky, Druids cider and Karpackie.
It is majority owned by the Comans, with Geoffrey Coman currently holding 50% of the shares and Thomas Coman holding 25%, according to its latest annual return filed in July. Heineken Ireland Ltd owns the other 25% at the moment.
The company made a profit of €125,627 in the year to the end of 2019,
...More info on site
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