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E-Malt.com Newsletter 12b
March 24 - March 27, 2022
Quote of the Week
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Paulo Coelho
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Currency Rates
Base Currency: US Dollar
on March 25, 2022 |
Base Currency: Canadian Dollar
on March 25, 2022 |
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1 USD = 0.9097 EUR
1 USD = 0.7582 GBP
1 USD = 1.2554 CAD
1 USD = 1.3340 AUD
1 USD = 121.7700 JPY
1 USD = 4.8229 BRL
1 USD = 99.2326 RUB
1 USD = 6.3674 CNY
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1 CAD = 0.7964 USD
1 CAD = 0.6039 GBP
1 CAD = 0.7245 EUR
1 CAD = 1.0624 AUD
1 CAD = 96.9795 JPY
1 CAD = 3.8410 BRL
1 CAD = 79.0302 RUB
1 CAD = 5.0711 CNY
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Currency Rates Chart
Equities of the Largest Breweries
North America: Generally dry weather makes analysts reduce barley crop forecast
...Click here
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USA, TX: New brewery Stay Put opening in downtown Austin this year
...Click here
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USA, NM: Second Street Brewery to close its original location
...Click here
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Canada, ON: Focal Brewing launches in Hastings with an aim to source many ingredients locally
...Click here
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Canada, ON: Railway City Brewing sales to EARI Beverage Group not moving forward
...Click here
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China: China Resources Beer’s 2021 net profit more than doubles
...Click here
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Ireland: Beer and cider consumption sees most dramatic decline last year
...Click here
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Malaysia: Brewers poised for recover as Malaysia transitions into endemic phase of Covid-19
...Click here
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World: Barley production forecast reduced on lower crop projections in Australia, Russia, and Ukraine
...Click here
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World: Carlsberg sets out portfolio growth strategy over four key categories
...Click here
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Ireland: Guinness most valuable Irish brand in the world
...Click here
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South Africa: South African Breweries plans expansion and upgrades of its Prospecton and Ibhayi plants
...Click here
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Graph of the Week
Table of the Week
US Beer Sales, Import, and Export 2013 - 2021
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
24 March
1867 - Metropolitan Life Insurance Co. forms
1898 - 1st automobile sold
1955 - 1st seagoing oil drill rig placed in service
25 March
1814 - Netherlands Bank established
1954 - RCA manufactures 1st color TV set (12 1/2'' screen at $1,000)
1957 - Treaty of Rome establishes European Economic Community (Common Market)
1970 - Concorde makes its 1st supersonic flight (700 MPH/1,127 KPH)
26 March
1780 - The British Gazette and Sunday Monitor was published for the first time. It was the first Sunday newspaper in Britain
1885 - Eastman Kodak (Eastman Dry Plate and Film Co.) produced the first commercial motion picture film in Rochster, NY
1996 - The International Monetary Fund approved a $10.2 billion loan for Russia to help the country transform its economy
27 March
1855 - Abraham Gesner patents kerosene
1999 - The macro virus "Melissa" was reported for the first
Agenda
March 2022:
24 - 26: Warsaw Beer Festival 2022 (Warsaw, Poland)
27 - 28: Planete Biere 2022 (Paris, France)
29 - 01 April: 2022 World Barley, Malt & Beer Conference (Antwerp, Belgium)
31 - 02 April: KIBEX 2022 (Seoul, South Korea)
31 - 02 April: InnBrew 2022 (Barcelona, Spain)
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)
25 - 29: Latvia Beer Fest 2022 (Riga, Latvia)
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: Bevexpo 2022 (Manchester, UK)
07 - 08: IGC Grains Conference 2022 (London, 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)
17 - 03 October: Oktoberfest 2022 (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)
27 - 28: Sea Brew 2022 (Bangkok, Thailand)
November 2022:
22 - 23: 12th Iberoamerican VLB Symposium Brewing & Filling Technology 2022 (Uberlandia, Brazil)
December 2022:
07 - 09: Drink Technology India 2022 (Bombay Exhibition Centre, Mumbai, India)
07 - 09: Drink Japan 2022 (Makuhari Messe, Japan)
February 2023:
10 - 13: HoReCa 2023 (Athens, Greece)
20 - 23: Beer & Food Attraction 2022 (Rimini, Italy)
News Articles
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North America: Generally dry weather makes analysts reduce barley crop forecast
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The past 30 days saw some isolated moisture improvements in North America’s key barley regions but the situation remains generally dry, RMI Analytics said
...More info on site
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USA, TX: New brewery Stay Put opening in downtown Austin this year
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A new brewery is opening in downtown Austin this year, courtesy of bar hospitality group Pouring With Heart. The Stay Put will be found at 73 Rainey Street (the former G’Raj Mahal restaurant space) starting sometime in the summer of 2022, the Eater Austin reported on March 23.
The brewery will brew its own beers, focusing on what a rep describes as “crisp and clean, easy drinkers.” Draft cocktails are also on tap. The space will include indoor and outdoor areas with two bars.
Overseeing the project is Pouring With Heart’s operations director Steven Robbins and general manager Amanda Carto, who had been the general manager for Nickel City, and had bartended at the company’s other nearby bar Half Step for a bit.
The company decided to open a brewery on Rainey Street since the area “has always had a special place in our heart because we have a deep love of maintaining the historic character of neighborhoods and spaces,” according to the head of development Peter Stanislaus through a rep. “It’s an honor to be in this space, and we’re excited to continue to preserve a little bit of what made us fall in love with Austin.”
Indian restaurant G’Raj Mahal was the
...More info on site
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Canada, BC: HUBco Brewing now open in Mission
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A new brewery focused on brewing “clean crisp lagers and American hop-forward ales” is now open in Mission, BC, the Canadian Beer News reported.
HUBco Brewing has been founded by Kylan and Jenna St. Jean, and officially opened its doors in late February in a spot that was previously home to a karate dojo. The two-floor space has capacity for 100 people, and features a 13-barrel brewhouse.
The opening beer line-up included Cashmere Lager (4.7% abv), Citra Pale Ale (5.7% abv), and Dark Chocolate Porter (5.3% abv), plus a guest tap from Ravens Brewing, and several wine, cider, and alcohol-free options.
The food menu is snack-focused, with items including gourmet hot dogs, pretzels, falafel, and a few choices for “kiddos”.
HUBco Brewing is located at 33211 North Railway Ave. in Mission, and is open daily with the exception of Mondays.
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USA, CO: Pug Ryan’s Brewery changes ownership
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John and Judy Jordan are no longer the owners of Pug Ryan’s Brewery in Dillon. The couple bought the brewpub from Travis and Annie Holton in 2017 and closed on the sale March 10, the Summit Daily reported on March 24.
Like the Holtons, the Jordans wanted to step away from the business yet keep it thriving in the right hands. John Jordan said it took a beating during the coronavirus pandemic, but he credits staff and regulars for keeping it alive. John Jordan said Pug Ryan’s is now doing better than they thought it would by the fifth year.
The new owner is Chris Locke. He saw the listing in July 2021 from the same business broker who helped him sell his glass company a year prior. Locke was essentially retired but found himself restless and wanted to do something beyond golfing and fishing. He told himself he wasn’t going to go back to work. Yet the listing stayed with him, and he realized it would be a good move.
Now a resident of Silverthorne, Locke lived in Louisville for 24 years. He wasn’t hugely familiar with Summit County — only passing through on the way to Craig for hunting trips —
...More info on site
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USA, NM: Second Street Brewery to close its original location
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After 25 years in its flagship building on its namesake street, Second Street Brewery has announced it will close its original location in Santa Fe, the Santa Fe Reporter reported on March 23.
“We had a 20-year lease on the building at the original location, and it expires at the end of June,” founder Rod Tweet tells SFR. “That means no lease exits and we had to negotiate a new one, and we’ve been unable to negotiate a new one I’m comfortable signing.”
Tweet says he believes the majority of employees currently working at the location will be absorbed by the company’s other two restaurants on Rufina Street and in the Railyard. As for the brewing operation, which produces many of the company’s more varietal beers, Tweet says a new location is in the works.
“I’m pretty close to having a good spot for that,” Tweet notes.
The announcement comes at a time during which the very shape of the restaurant industry is in constant flux. The COVID-19 pandemic brought ramifications that are still playing out, and though Tweet describes the upcoming loss as “agonizing,” the decision ultimately came down to doing what’s best to keep Second Street viable.
”We’re 100% solid as a company—financially
...More info on site
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Canada, ON: Focal Brewing launches in Hastings with an aim to source many ingredients locally
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A new brewery with an aim to source many of its ingredients locally is now open in Hastings, a village approximately 40 km east of Peterborough in Ontario’s Northumberland County, the Canadian Beer News reported.
Focal Brewing has been founded by friends and veteran homebrewers Matt Filion and Brandon Bickle, and is located in a converted pole barn on a property owned by Bickle and his wife.
Focal opened its doors this past weekend, and has launched with four core brands – Welcome to Ontario Pale Ale (5.5% abv), Fieldcrest Blonde Ale (5% abv), Pole Barn IPA (6% abv), and Faster Than Trouble Session IPA (4.5% abv) – plus a Coffee Chocolate Porter as the first in the rotating Explorer Series of seasonal beers. The label for each beer indicates the percentage of local ingredients used in its production.
The business is currently limited to retail sales of cans to go and small tasting samples in the taproom, but full by-the-glass service will follow soon, with plans to add an outdoor seating area this summer in a hopyard that Bickle is planting on the property.
Focal Brewing is located at 98 County Rd 35 just outside of Hastings, and will be open from Thursday
...More info on site
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Canada, ON: Railway City Brewing sales to EARI Beverage Group not moving forward
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Railway City Brewing has announced that negotiations with EARI Beverage Group for acquisition of the brewery that started earlier this year have “failed to reach a satisfactory conclusion and the Letter of Intent between the two companies is no longer in effect”, the Canadian Beer News reported on March 16.
In a press release, John Peart, President of Railway City, says that while “the Letter of Intent has expired without a mutual agreement, Railway City will continue doing what we do best – serving our customers, employees, community and our investors.”
The statement further notes that operations at the brewery in St. Thomas have not been affected by this outcome, and will continue normally going forward.
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China: China Resources Beer’s 2021 net profit more than doubles
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China Resources Beer (Holdings) Co.'s 2021 net profit more than doubled, driven by substantial gains from a land-transfer deal, as well as sales of
...More info on site
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Ireland: Beer and cider consumption sees most dramatic decline last year
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New provisional data from Revenue shows that alcohol consumption in Ireland fell by 4.7% between 2020 and 2021 as the hospitality sector endured strict
...More info on site
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Malaysia: Brewers poised for recover as Malaysia transitions into endemic phase of Covid-19
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Carlsberg Brewery Malaysia Bhd and Heineken Malaysia Bhd are poised for a recovery as the country transitions into the endemic phase of Covid-19 from
...More info on site
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World: Barley production forecast reduced on lower crop projections in Australia, Russia, and Ukraine
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In the current situation the prospects for global barley production are very dynamic: RMI Analytics’ global production forecast for 2022 slipped to 145.7 mln
...More info on site
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World: Carlsberg sets out portfolio growth strategy over four key categories
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Carlsberg has set out its strategy for portfolio growth over four key categories: continuing its focus on premium and super-premium products but also setting
...More info on site
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Ireland: Guinness most valuable Irish brand in the world
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Guinness has recaptured the number one place on the ranking of the most valuable Irish brands in the world, according to a new report by that brand valuation consultancy Brand Finance.
Every year, Brand Finance puts 5,000 of the biggest brands to the test publishing nearly 100 reports that rank brands across all sectors and countries, including Ireland.
Guinness came in on top, following an increase in sales as lockdowns ended. Since last year's report, the Guinness brand value has grown a whopping 3.6 per cent to €2.2 billion according to calculations by Brand Finance, due in part to the reopening of pubs.
Simon Haigh, Agent for Brand Finance Ireland, said, “Some Guinness customers see drinking Guinness as an important part of their lifestyle. This is a testament to the extraordinary brand strength that Guinness has built.
“Such strength reflects their skill in navigating the challenges of Covid-19, the challenges of serving a changing customer base, and doing all this while honouring the brand legacy that they have built since 1759.
The Guinness brand is in an excellent position as people get back to gathering, celebrating, and drinking,” he added.
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South Africa: South African Breweries plans expansion and upgrades of its Prospecton and Ibhayi plants
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South African Breweries (SAB) announced a further investment of R920 million into the local economy on March 24, with the money earmarked for expansion and upgrades to its Prospecton and Ibhayi plants, located in Durban and Gqeberha in the Eastern Cape, Moneyweb reported.
Revealing the new investment during the 4th SA Investment Conference in Sandton, SAB CEO Richard Rivett-Carnac said this further announcement effectively ramps up SAB’s total investment commitment in the country to R4.5 billion.
The investment by SAB, which is controlled by JSE-listed global alcohol giant Anheuser-Busch InBev SA/NV, comes despite the impact of Covid-19 lockdowns and related liquor bans that have seen the industry lose billions of rand in sales over the last two years.
It also comes in spite of the July riots, with SAB’s premises at Prospecton and Pietermaritzburg in KwaZulu-Natal being also targeted last year.
“These investments will give us the capacity to not only contribute to the economy but also to be able to contribute to job creation, tax, excise and procurement spend,” said Rivett-Carnac.
According to SAB, its Prospecton Brewery in Durban will receive the bulk of this new investment with a total of R650 million that will help expand facilities there.
“This investment alone will provide a
...More info on site
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