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E-Malt.com Newsletter 05a
January 31 - February 02, 2022
Quote of the Week
Don't be afraid to give up the good to go for the great.
John D. Rockefeller
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Currency Rates
Base Currency: US Dollar
on February 02, 2022 |
Base Currency: Canadian Dollar
on February 02, 2022 |
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1 USD = 0.8887 EUR
1 USD = 0.7415 GBP
1 USD = 1.2692 CAD
1 USD = 1.4098 AUD
1 USD = 114.8300 JPY
1 USD = 5.2893 BRL
1 USD = 76.9344 RUB
1 USD = 6.3567 CNY
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1 CAD = 0.7878 USD
1 CAD = 0.5841 GBP
1 CAD = 0.7001 EUR
1 CAD = 1.1106 AUD
1 CAD = 90.4600 JPY
1 CAD = 4.1668 BRL
1 CAD = 60.6079 RUB
1 CAD = 5.0077 CNY
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Currency Rates Chart
Equities of the Largest Breweries
North America: Barley imports helping offset tight supply situation
...Click here
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USA, NE: Five-0-Five Brewing Company becomes Fremont’s first brewery
...Click here
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USA, NJ: Tall Oaks Farm and Brewery gets approval by Howell Township Planning Board
...Click here
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USA & France: Colorado’s Outer Range Brewing opening a brewery in France
...Click here
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USA, MN: Construction of Lake Superior Brewing Co. continues to progress
...Click here
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Russia: Brewers enjoy production and sales increase in 2021
...Click here
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India: United Breweries reports 28.4% decline in consolidated net profit for December quarter
...Click here
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Nigeria: Guinness Nigeria Plc sees operating profit rise by 266% in first half to end of December
...Click here
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Argentina: Barley crop estimate remains at 5.2 mln tonnes
...Click here
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Kenya: East African Breweries post 23% jump in first-half sales
...Click here
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Brazil: More than 210 cities competing to house new Heineken brewery
...Click here
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UK: Diageo to open a Guinness brewery in London’s Covent Garden in autumn 2023
...Click here
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The Czech Republic: Pilsner Urquell Brewery ends production of beer in plastic bottles
...Click here
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Singapore: Fraser and Neave names a new CEO from February 1
...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
31 January
1956 - The twist off bottle cap is invented
1973 - Ragnar Frisch Norwegian economist (Nobel 1969), dies at 77
1990 - McDonald's opens its first restaurant in Russia
2010 - Avatar becomes the first film to gross over $2 billion worldwide
01 February
1788 - 1st US steamboat patent issued, by Georgia to Briggs & Longstreet
1884 - 1st volume of the Oxford English Dictionary, A-Ant, published
1898 - 1st auto insurance policy in US issued, by Travelers Insurance Co
1968 - World trade conference Unctad 2 opens in New Delhi
02 February
1914 - The Hong Kong Stock Exchange (formerly the Association of Stock Brokers in Hong Kong) is established
1947 - Edwin H. Land, founder of Polaroid Corp., demonstrates the instant camera to 650 scientists assembled at the annual meeting of the Optical Society of America
1995 - Barings Bank, one of the oldest and most distinguished investment banks in the world, declares bankruptcy after rogue trader Nick Leeson loses more than $1.4 billion on unauthorized (and apparently unsupervised) trades in Japanese stock futures
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
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North America: Barley imports helping offset tight supply situation
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Concerns regarding the soil moisture conditions remain high, with ongoing dryness across Canada and the US, RMI Analytics said in their report of the
...More info on site
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USA, NE: Five-0-Five Brewing Company becomes Fremont’s first brewery
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After years of preparation and a move of location, Fremont's first brewery is open, the Lincoln Journal Star reported on January 28.
"It was overwhelmingly positive," co-owner Shawn Morrow said. "We've just kind of been embraced by everybody that's been waiting for this."
Five-0-Five Brewing Company at 349 N. Main St. serves beer and other drinks in downtown Fremont.
The brewery, owned and operated by Morrow and Tim Gesell, changed its original plan to open at the 505 Building, but kept the name within its title.
"Now, we're the 505 at 349," Morrow said. "That will probably be a T-shirt someday."
Morrow's journey to opening the brewery spans decades, beginning when he was hired by Empyrean Brewing Company in 1998.
"I worked my way up to being a brewer and then decided that this was something I wanted to do," he said.
Morrow began home brewing at the time, studying the trade by attending the Siebel Institute of Technology in Chicago and an extension of the University of California, Davis, in Madison, Wisconsin.
"It was always the dream to open up my own brewery," Morrow said. "I tried in 2008, and the market crashed and we lost all of our financing, so I was like, 'Let's regroup, figure
...More info on site
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USA, NJ: Tall Oaks Farm and Brewery gets approval by Howell Township Planning Board
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An application proposing a new business, Tall Oaks Farm and Brewery, to be built on Colts Neck Road was recently approved by the members of the Howell Township Planning Board, the Jersey Shore Online reported on January 31.
According to the application, the applicant AATZ Holding, LLC and 214 Colts Neck Road Partnership (Lot 79.01) and 196 Colts Neck Road Partnership (Lot 79.02) as owners were seeking preliminary and final major site plan approval to build a one-story, 2,815-square-foot building for use as a microbrewery.
In addition, they proposed to construct a hops fields, a 30-foot by 60-foot open pavilion, a 20-foot by 20-foot shed, a patio area with an overhead pergola and an outdoor grass seating area.
At the meeting, applicants Chelsey and Michael Ziolkowski were present and explained the details of the proposed project.
“We currently own a microbrewery in Bradley Beach. We have been open for about three-and-a-half years,” Michael said. “It has always been a passion of ours to open up a more farm-like, outdoor-like brewery outside of what we currently have in Bradley Beach. Our intent is to continue to run the brewery in Bradley Beach, and this becomes our second project and includes some additional things
...More info on site
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USA & France: Colorado’s Outer Range Brewing opening a brewery in France
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Outer Range Brewing (ORB), Colorado’s award-winning craft brewery and apres hub, announced January 29 that they are taking their quality craft beer and mountain lifestyle concept to the heart of the French Alps, with a second location in the picturesque, quaint town of Sallanches, France, Brewbound reported.
Set to open in winter 2022, the Sallanches brewery will include a Nashville Hot Chicken restaurant, coffee roaster, a private event space for large parties or weddings, and a climbing wall with floor-to-ceiling views of Mont Blanc.
“When thinking about our next location, we knew we had to find a location as aspirational and awe-inspiring as our original location in Frisco,” explained ORB Co-Founder, Lee Cleghorn. “Our motto is ‘leave the life below,’ so we had to stay true to our values and go big with our next move. So why not go to the place where apres was invented?”
Over the last several years, Co-Founders Lee and Emily Cleghorn travelled to Europe on several occasions to partner with breweries through tap takeovers and collabs, experiences that allowed them to develop close friendships with the European beer community and continued to fuel their vision of expanding internationally. Like their Summit County homebase, Sallanches is surrounded
...More info on site
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USA, MN: Construction of Lake Superior Brewing Co. continues to progress
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Construction of Lake Superior Brewing Co., under new ownership in the Lakeside-Lester Park neighborhood, continues to progress, a year and a half after owners Seth and Sarah Maxim purchased the company and its new space at 5324 E. Superior St., the Duluth News Tribune reported on January 28.
While they aren’t quite ready to open the brew pub, they have started accepting guests at their “brewtel” rental properties attached to and adjacent to the brewery.
The brewtel’s apartments, one studio and one two-bedroom, take up about 2,000 of the building’s 7,000 square feet. The space was the residence of the building’s previous owner when it was Xcel Xercise and Sun City Tanning. Sarah Maxim said the renovation to the apartments was a complete gut job, as was the interior of the brewery side of the building.
“We have a new roof, new windows — we have everything,” Sarah Maxim said of the building. “With that said, it’s been my husband and I pretty much doing this. We don’t have investors and it’s a labor-of-love project. It’s probably a $3 million project that we’re trying to do for about half.”
While Lake Superior Brewing is still at least four months away from a potential opening
...More info on site
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Germany: Beer sales drop another 2.2% last year
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German beer sales dropped another 2.2% last year, with the coronavirus pandemic again weighing on brewers after sales tumbled 5.5% in 2020, official figures
...More info on site
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Russia: Brewers enjoy production and sales increase in 2021
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Russia’s production of beer and beer-like beverages increased by 2.8% last year to 79.99 mln hl, whereas retail sales grew by 0.7% to 75.39
...More info on site
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India: United Breweries reports 28.4% decline in consolidated net profit for December quarter
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United Breweries Ltd, majorly owned by Dutch multinational brewing company Heineken NV, on January 28 reported 28.4 per cent decline in consolidated net profit
...More info on site
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Nigeria: Guinness Nigeria Plc sees operating profit rise by 266% in first half to end of December
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Guinness Nigeria Plc, a subsidiary of Diageo Plc, has continued its path to sustained growth with an impressive 266% increase in its Operating Profit
...More info on site
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Argentina: Barley crop estimate remains at 5.2 mln tonnes
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The completion of barley harvest went quite well in Argentina where the weather cooperated for the harvest of an overall good result in terms
...More info on site
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Kenya: East African Breweries post 23% jump in first-half sales
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East African Breweries is cautiously optimistic about the prospects for its second half, its chief executive said on January 28, adding the threat posed
...More info on site
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Brazil: More than 210 cities competing to house new Heineken brewery
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More than 210 cities in Brazilian state Minas Gerais entered the competition to house the new Heineken factory, as the company gave up on
...More info on site
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UK: Diageo to open a Guinness brewery in London’s Covent Garden in autumn 2023
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‘Guinness at Old Brewer’s Yard’ is set to open in London’s Covent Garden in autumn 2023, located on a historic brewing site. The development will create 150 jobs and be a destination for all to enjoy, Diageo announced on January 31.
Old Brewer's Yard first brewed beer back in 1722. 300 years later, Guinness is bringing the site back to life.
The investment to create ‘Guinness at Old Brewer’s Yard’ builds on the success of the Guinness Storehouse in Dublin and the opening of Johnnie Walker Princes Street in Edinburgh in 2021. It demonstrates the company’s confidence in London and the UK as a go-to destination for tourists and its commitment to the hospitality sector, which employs almost 2 million people in the UK. Guinness sales in Great Britain have grown by over 30% in the last six months and 1 in every 10 pints sold in London is now a Guinness.
The new 50,000 sq ft venue will create up to 150 jobs for the Capital and provide a community space within the Covent Garden area. The site will also become the Southern UK hub of our award-winning Learning for Life Bartending and Hospitality Programme, with an ambition for over 100 London
...More info on site
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The Czech Republic: Pilsner Urquell Brewery ends production of beer in plastic bottles
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In line with recent efforts to become more eco-friendly, Czech beer giant Pilsner Urquell Brewery has announced that they have officially ended the production of beer in plastic PET bottles. The last plastic bottles produced by the company were filled in December, and are now being sold in stores, Expats.cz reported on January 30.
While the company's flagship beer Pilsner Urquell, one of the most famous brands in the Czech Republic, was not sold in plastic bottles, many of the company's other beers were. These included Gambrinus, Kozel, and other popular brands.
Pilsner Urquell Brewery began production of beer in plastic bottles in 2011, and had an initial capacity of around 18,000 bottles per hour. By 2015, around seven percent of the brewery's output was produced in plastic bottles.
In recent years, the company shifted away from plastic bottles, and that share fell to around 3-4 percent. By 2020, Pilsner Urquell stopped production of Gambrinus, Radegast, and Klasik in plastic bottles.
The final two brands to be produced in plastic bottles, Kozel and Primus, will no longer be bottled in plastic as of 2022.
"The last [plastic] bottle filled was a Primus on December 10, which finished the operation of the line," Pilsner Urquell spokesperson
...More info on site
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Singapore: Fraser and Neave names a new CEO from February 1
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Beverage and publishing group Fraser and Neave (F&N) has named Hui Choon Kit as its chief executive officer (CEO) with effect from February 1, the Business Times reported.
Hui, 57, will focus on accelerating the execution of the growth strategy of the group's businesses and investments, F&N said in a bourse filing on Monday (Jan 31).
Before his latest appointment, Hui was the group's chief financial officer and company secretary.
He joined F&N more than 2 decades ago and has held senior leadership positions in corporate planning and business development, corporate communications and special projects, group finance, and the corporate secretariat departments.
The group also announced on January 31 that Lee Meng Tat is retiring as CEO, non-alcoholic beverages, after having served in the role for nearly 7 years.
Lee, 59, has been overseeing the non-alcoholic beverages business, which has operations and investments in Indonesia, Malaysia, Myanmar, Singapore, Thailand and Vietnam.
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