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E-Malt.com Newsletter 04a January 24 - January 26, 2022
Quote of the Week
It is a fair wind that blew men to the ale.
Oscar Wilde
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Currency Rates
Base Currency: US Dollar on January 26, 2022 |
Base Currency: Canadian Dollar on January 26, 2022 |
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1 USD = 0.8851 EUR
1 USD = 0.7416 GBP
1 USD = 1.2634 CAD
1 USD = 1.3995 AUD
1 USD = 113.8900 JPY
1 USD = 5.4766 BRL
1 USD = 78.7191 RUB
1 USD = 6.3255 CNY
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1 CAD = 0.7914 USD
1 CAD = 0.5869 GBP
1 CAD = 0.7005 EUR
1 CAD = 1.1075 AUD
1 CAD = 90.1300 JPY
1 CAD = 4.3340 BRL
1 CAD = 62.2966 RUB
1 CAD = 5.0059 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Alcohol consumption higher than before Covid-19 hit
...Click here
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Canada: Barley supply projected sharply down in 2021-22
...Click here
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Canada, NS: Craft Brewers Association of Nova Scotia reports 2021 results
...Click here
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USA, ME: Olive Pit Brewing Co. opens its doors in Lisbon Falls
...Click here
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USA, ID: Highlander Beer expanding with a second location
...Click here
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Canada, NS: Nova Scotia's craft brewers say unfair regulations stifle their businesses
...Click here
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USA, KY: Bircus Brewing Company plans to open another location
...Click here
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South Korea: Beer import hits five-year low in 2021
...Click here
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Australia: Coca-Cola Europacific Partners selling its stake in Australian Beer Co business to Casella Family Brands
...Click here
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Japan & Myanmar: Kirin says Myanmar subsidiary wins dismissal in court to block liquidation by its military-linked partner
...Click here
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Ethiopia: Diageo agrees to sell Meta Abo Brewery to BGI - report
...Click here
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EU: Winter crop in most parts of Europe benefit from warmer temperatures and increased rain
...Click here
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Ireland: Popularity of non-alcoholic beer set to continue in 2022
...Click here
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UK: Distillers urge Chancellor to rethink alcohol tax plans
...Click here
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UK: BrewDog founder admits buying Heineken shares despite publicly slating the Dutch giant
...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
24 January
1902 - Denmark sells Virgin Islands to USA
1935 - 1st canned beer, "Krueger Cream Ale," is sold by Kruger Brewing Co
1984 - Apple Computer Inc unveil its Macintosh personal computer
25 January
1853 - Basic financial disclosure becomes mandatory for all companies seeking to list their stock for trading on the New York Stock & Exchange Board
1919 - Founding of League of Nations
1959 - First transcontinental commercial jet flight (LA to NY for $301)
26 January
1871 - US income tax repealed
1886 - Karl Benz patents 1st auto with burning motor
1921 - Akio Morita, the co-founder of Sony Corp., is born in Nagoya, Japan
Agenda
February 2022:
11 - 14: HoReCa 2022 (Athens, Greece)
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:
23 - 24: Zythos Beer Festival 2022 (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)
30 - 01 June: Brasil Brau 2022 (Sao Paulo, Brazil)
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:
02 - 04: Finest Spirits 2022 (Munich, Germany)
12 - 16: Drinktec 2022 (Messe Muenchen, Munich, Germany)
21 - 22: Beverage Industry. Beer and Soft Drinks Industry - 2022 (Expocenter of Ukraine, Kyiv, Ukraine)
27 - 29: 3rd VLB Africa Brewing Conference (VLB Virtual Campus)
October 2022:
06 - 08: The Great American Beer Festival 2022 (Denver, USA)
December 2022:
07 - 09: Drink Technology India 2022 (Bombay Exhibition Centre, Mumbai, India)
07 - 09: Drink Japan 2022 (Makuhari Messe, Japan)
News Articles
Canada: Alcohol consumption higher than before Covid-19 hit
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Canadian alcohol consumption is higher now than before COVID-19 hit: the per capita value of alcohol sold between March and November 2020 was 13 per cent greater than the average value of alcohol sold during the same time period between March and November 2017-2019, well before the pandemic, CBC reported on January 22.
That's despite 70 per cent of Canadians saying their alcohol drinking stayed pretty much the same during the pandemic, according to recent surveillance surveys from "Health Promotion and Chronic Disease Prevention in Canada," a journal of the Health Agency of Canada.
And while it looks as though Canadians are drinking more alcohol, they may also be drinking more no- and low-alcohol beverages: restaurants are serving mocktails, brewers are creating sparkling hop waters (a.k.a. no-alcohol beer/barley/hop flavoured drinks), and you can find a dozen relatively new and interesting Canadian-made alcohol-free spirits, wine and beer online.
One question is whether drinking mocktails and more alcohol-free beer is a trend or a fad? It's a question Bob Huitema, president of Toronto-based DistillX Beverages, which makes Sobrii non-alcoholic spirits, believes he can answer.
Huitema says Sobrii sales have increased this year over last year. That is the result of health-conscious consumers, brand awareness (including
...More info on site
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Canada: Barley supply projected sharply down in 2021-22
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For 2021-22, Canadian barley supply is projected at 7.81 million tonnes (Mt), down sharply from 2020-21 and a record low level. This is primarily due to production issues during the 2021 growing season in Canada’s Prairie provinces, as well as record low carry-in stocks. As a result of the tight supply, demand for both domestic feed consumption and exports will be sharply lower than last year. Carryout stocks are projected at 0.3 Mt, a record low level, Agriculture and Agri-Food Canada said in its January report.
The Lethbridge feed barley price for 2021-22 is forecast to hit a new high of C$420/t, up sharply from the previous record of C$294/t set in 2020-21 and well above the three- and five-year averages. The 2021-22 prices are supported by tight domestic barley supplies, the decline in the availability of other domestic feed grain substitutes, robust demand and stronger prices of other grains.
Worldwide, the 2021-22 barley situation includes lower production, demand, ending stocks and
stocks-to-use ratio, compared to 2020-21.
For 2022-23, Canadian barley supply is projected to increase to a comfortable level, mainly reflecting the expected recovery in production on the Prairies. This is based on the assumption of a return to normal weather conditions and
...More info on site
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Canada, NS: Craft Brewers Association of Nova Scotia reports 2021 results
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The Craft Brewers Association of Nova Scotia (CBANS) has announced the release of its Craft Beer Annual Report for 2021, a year in which it says the industry “has grown rapidly due to strong consumer demand”, but also faces “growing challenges and a concern that the government and regulators do not appear to be listening”, the Canadian Beer News reported.
The growth is highlighted in the announcement as follows:
By the numbers, NS Craft Beer has become an impressive local industry with over 70 independent breweries operating in every area of the province. Despite nearly two full years of pandemic conditions, local producers continue to invigorate small towns, retain younger workers and create tourist destinations. There are currently more than 1150 skilled, talented and diverse workers in this industry. In jobs per litre produced, that’s more 35 times the number of a multinational brewery when it produces in-province. In fact, nearly 20% of all provincial beer sales are crafted locally, with steady double-digit growth in a category otherwise declining.
“Today’s craft brewer is in the production, retail, hospitality and community events business, and they come in all shapes and sizes,” says Brian Titus, President of CBANS, in a statement. “They spread their economic
...More info on site
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USA, ME: Olive Pit Brewing Co. opens its doors in Lisbon Falls
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Olive Pit Brewing Co., a rare woman-owned brewery, opened its doors Friday, January 21 at 16 Main St. in Lisbon Falls, The Portland Press Herald reported.
The brewery takes over a sprawling 7,850-square-foot building between Main Street and Route 196, a corridor that draws more than 20,000 vehicles a day.
“It is amazing,” said Christy Cain, the brewery’s owner. “It is such a male-dominated industry. … There are a lot of females out there in the industry, but with all the other breweries they are at least co-owned by other people, so to be 100% female-owned feels great. We are making headway in the industry.”
Cain said she wants to cover the full spectrum and holds all kinds of craft beers, so anyone that walks into the store will find what they like. She currently has 12 beers on tap.
Keeping up with the local Moxie spirit, Cain said that she is trying to brew a Moxie porter that will be unique.
Cain said she wants her brewery to be a community center, where locals could walk in, hang out and enjoy beers, especially when the weather improves.
“I think we are looking forward to more tourism business, but this time of the year, it is
...More info on site
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USA, ID: Highlander Beer expanding with a second location
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Highlander Beer is expanding with a second location under construction in Salmon, Idaho, NBC Montana reported on January 21.
Highlander taproom manager Riley Egan says the brewery has been looking to expand into another market for some time now, and Idaho seems like the perfect fit.
Egan says the brewery has been looking to move into new markets after demand for their beer has been steadily increasing throughout the years.
The plan is for the new taproom to have the same feel as their Missoula location and also have similar food offerings like pizza.
Egan says Salmon residents seem excited for the new offering.
"Missoula is typically a shopping hub for Salmon, Idaho. So we see a lot of Salmon, Idaho, folks coming up to this area," Egan said. "They do their shopping and stop into Highlander. Once we figure out they are from Salmon, we start chatting with them. They are pretty excited to have a space just like this one down in Salmon."
Egan says they hope to have the new building finished in 2022.
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Canada, NS: Nova Scotia's craft brewers say unfair regulations stifle their businesses
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Almost 25 years after he entered Nova Scotia's craft brewing industry, Brian Titus says he's still fighting many of the same battles with the provincial government, CBC reported on January 23.
"It's slightly depressing to think that after 25 years, a lot of what we're fighting for now is the same thing we were fighting for then," said Titus, the owner of Garrison Brewing and the president of the Craft Brewers Association of Nova Scotia (CBANS).
When Titus started the Halifax brewery, there were only a handful of microbreweries in the province.
Today, there are around 70 that employ roughly 1,150 people. Titus said this growth is an example of an industry succeeding in spite of government regulations, not because of them.
The association recently released a strongly worded annual report that took aim at several issues it says are unfair, uncompetitive and stifle their businesses.
"Outdated government regulations and punitive new rules are now holding back this industry and making Nova Scotia an increasingly inhospitable place for craft alcohol producers," said a press release announcing the annual report.
Among the issues is what constitutes a microbrewery. In Nova Scotia, a microbrewery is one that produces under 15,000 hectolitres (1.5 million litres) of beer a year.
It
...More info on site
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USA, KY: Bircus Brewing Company plans to open another location
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A Ludlow-based brewery has plans to expand and open its first location across the river in Cincinnati, Cincinnati.com reported on January 21.
Bircus Brewing Company, which serves craft beer and wood-fired pizza, currently has two locations: one in Ludlow, where it was founded, and the other in Covington.
And this year, the brewery plans to expand production in Ludlow's Opportunity Zone and open another location on Main Street in Cincinnati near the Aronoff Center for the Arts, according to a release.
An exact opening date for the Cincinnati location has not yet been announced.
Additionally, Bircus Brewing is offering people the opportunity to invest in the brewery. Starting at $250, the brewery is offering prizes and incentives at each of the investment levels.
"I want them to not just experience the show, but to proudly own a piece of the brewery as we expand, because we couldn't have done it without their support during COVID," Paul Miller, founder of Bircus Brewing, said in a release.
Bircus Brewing, the name itself a combination of beer and the circus, offers beer and music, circus acts, magic, comedy, instructional classes and more.
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South Korea: Beer import hits five-year low in 2021
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Imports of beer to Korea hit a five-year low in 2021 in the wake of a nationwide boycott of Japanese products, data showed on
...More info on site
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Australia: Coca-Cola Europacific Partners selling its stake in Australian Beer Co business to Casella Family Brands
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Soft drinks giant Coca-Cola Europacific Partners is quitting an Australian beer joint venture after eight years, selling its stake in the Australian Beer Co
...More info on site
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Japan & Myanmar: Kirin says Myanmar subsidiary wins dismissal in court to block liquidation by its military-linked partner
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Japanese beverage maker Kirin Holdings said on January 26 its subsidiary in Myanmar won a dismissal in court to block liquidation by its military-linked
...More info on site
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Ethiopia: Diageo agrees to sell Meta Abo Brewery to BGI - report
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Diageo has entered into an agreement for the sale of Meta Abo Brewery, its brewery in Sebeta, Ethiopia, to BGI, part of Castel Group,
...More info on site
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EU: Winter crop in most parts of Europe benefit from warmer temperatures and increased rain
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Warmer temperatures and increased rain has benefited winter crops in most parts of Europe, though a lack of hardiness due to mild conditions could leave some grain crops exposed to frost, the EU’s crop monitoring service MARS said on January 24.
Grain crops such as barley and wheat in northern and central-eastern parts of Europe have almost fully hardened by now, but areas around the Black Sea have limited snow cover, and a cold snap would lead to frost damage, especially in late-sown fields, MARS said.
However, its simulations suggested that no frost had occurred so far in the EU, it added.
The favorable conditions has led to a significant increase in rapeseed sowing area of 12.1% in France and 8.7% in Germany, and has allowed some crops that were lagging behind to partially catch up, the monitor said.
The Mediterranean region from southern Spain to northern Italy has had a rain deficit, but there is no significant impact on winter crops so far, MARS said.
Persistent drought conditions in Morocco have negatively impacted the growth and development of winter crops, and rain is “imminently needed” to sustain adequate crop growth in western and central Algeria, the monitor said.
MARS does not give area estimates but
...More info on site
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Ireland: Popularity of non-alcoholic beer set to continue in 2022
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Non-alcoholic beer has become increasingly popular in Ireland in recent years, and this trend is set to continue in 2022, according to Drinks Ireland|Beer, which represents Irish beer makers.
The array of non-alcoholic beers now available offer consumers great tasting alternatives if they’re driving, cutting back or simply looking to try something new, the group said.
While popular all year round, non-alcoholic beers are particularly in-demand among beer lovers during Dry January.
The latest data from Drinks Ireland|Beer estimates that non-alcoholic beer sales in Ireland grew by 129% between 2017 and 2020, from 1.79 million to 4.12 million litres.
Meanwhile, the market share grew by 175% during this time, from 0.4% in 2017 to 1.1% in 2020.
Drinks Ireland|Beer says that beer sales across the board were heavily impacted by COVID-19 and the closure of hospitality venues. While it anticipates that non-alcoholic beer sales dropped slightly in 2021, they remained strong. It expects that the category maintained its growing market share.
Jonathan McDade, director of Drinks Ireland|Beer commented,“There has never been more choice for beer drinkers in Ireland, with a range of new products from emerging and existing producers hitting the market in recent years.
"One major trend we’ve seen is the emergence of non-alcoholic beer, with
...More info on site
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UK: Distillers urge Chancellor to rethink alcohol tax plans
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Alcohol tax reforms that favour lower strength drinks break a Conservative election pledge to help the Scotch whisky industry, nearly 30 distilleries have warned
...More info on site
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UK: BrewDog founder admits buying Heineken shares despite publicly slating the Dutch giant
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BrewDog co-founder James Watt has admitted he ploughed £500,000 into rivals Heineken - despite publicly slating the Dutch giant, The Scottish Sun reported on January 25.
The self-styled punk boss fostered an anti-corporate reputation as he built his business by slamming “bland industrial beers” made by huge booze companies.
James and business partner Martin Dickie filmed themselves blowing up bottles of Heineken.
And when the company bought into other craft firms, including Lagunitas and Beavertown, they booted the beers out of BrewDog bars.
But behind the scenes, James was secretly trying to persuade them to set up a distribution deal with his craft brewery, based in Ellon, Aberdeenshire.
He snapped up at least half a million pounds worth of shares in what he claims was a goodwill gesture before selling them soon afterwards.
James, 33, confessed: “Would I do it again? Probably not.”
The 2017 transaction was exposed in explosive BBC documentary The Truth About BrewDog.
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