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E-Malt.com Newsletter 19b
May 12 - May 15, 2022
Quote of the Week
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Ralph Marston
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Currency Rates
Base Currency: US Dollar
on May 13, 2022 |
Base Currency: Canadian Dollar
on May 13, 2022 |
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1 USD = 0.9581 EUR
1 USD = 0.8190 GBP
1 USD = 1.3026 CAD
1 USD = 1.4535 AUD
1 USD = 128.7850 JPY
1 USD = 5.1382 BRL
1 USD = 65.4512 RUB
1 USD = 6.7731 CNY
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1 CAD = 0.7676 USD
1 CAD = 0.6287 GBP
1 CAD = 0.7354 EUR
1 CAD = 1.1157 AUD
1 CAD = 98.8506 JPY
1 CAD = 3.9439 BRL
1 CAD = 50.2380 RUB
1 CAD = 5.1988 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Barley acreage estimated 9.7% down from last year
...Click here
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USA, CA: Moonlight Brewing severs partnership with Heineken, takes on smaller-scale local partner instead
...Click here
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USA, WA: Trap Door Brewing ready to expand by opening a second location
...Click here
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USA, OH: Third Eye Brewing opening a second location
...Click here
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Canada, BC: Canuck Empire Brewing returns with new facility in Abbotsford
...Click here
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USA, NV: Great Basin Brewing Company coming to Carson City
...Click here
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USA, OR: Standing Stone Brewing Company to close down after a tough couple of years
...Click here
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World: Maltsters safeguard business from barley price increases but no insurance or hedge was possible for increased transport costs - analysts
...Click here
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Japan: Kirin Holdings reports increased profit to owners for Q1 2022
...Click here
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World: Malting barley prices boosted by mounting concerns over dryness in Europe
...Click here
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EU & UK: Barley crop approaching pivotal point amid dryness concerns
...Click here
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Singapore: ThaiBev looking to raise as much as $1 bln through its regional beer business IPO
...Click here
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France: Barley and wheat crop conditions decline sharply this week
...Click here
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Ukraine: Ukrainian grain and oilseed plantings progressing surprisingly well in spite of the war
...Click here
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South Africa: AB InBev doing all it can to minimise price increases - CEO
...Click here
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Ukraine: Grain exports more than halve so far in May
...Click here
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Graph of the Week
Table of the Week
Germany Beer Market Overview
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
12 May
1916 - Einstein's Theory of General Relativity presented
1949 - 1st Polaroid camera sold $89.95 in New York City
1949 - The Soviet Union lifts its blockade of Berlin
1975 - Israel signs an agreement with European Economic Market
13 May
1842 - 1st edition of London Illustrated News
1862 - Adolphe Nicole of Switzerland patents chronograph
1884 - Institute for Electrical and Electronics Engineers (IEEE) forms
14 May
1872 - Metropolitan Gas Company lamps lit for 1st time
1881 - World's 1st elec tram goes into service in Lichterfelder (near Berlin)
1955 - Cold War: Eight Communist bloc countries, including the Soviet Union, sign a mutual defense treaty called the Warsaw Pact
15 May
1878 - The Tokyo Stock Exchange Co., Ltd., is established, primarily to trade bonds
1905 - Las Vegas, Nevada founded
1940 - McDonald's opens its first restaurant in San Bernardino, California
1941 - The world's first successful jet aircraft, a Gloster E28/39 powered by a W1 engine designed by Frank Whittle, takes off and lands at Farnborough, England
Agenda
May 2022:
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: 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)
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 Japan 2022 (Makuhari Messe, Japan)
07 - 09: Drink Technology India 2022 (Bombay Exhibition Centre, Mumbai, India)
February 2023:
10 - 13: HoReCa 2023 (Athens, Greece)
20 - 23: Beer & Food Attraction 2022 (Rimini, Italy)
News Articles
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Canada: Barley acreage estimated 9.7% down from last year
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StatsCan barley acreage estimate of April, 26 is 3.0 mln ha, 9.7 % less than last year. Private estimates are lower, down up to
...More info on site
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USA, CA: Moonlight Brewing severs partnership with Heineken, takes on smaller-scale local partner instead
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In an unusual trajectory, one of the Bay Area’s most beloved craft breweries has severed a partnership with a global beer corporation and instead taken on a smaller-scale, local partner, the San Francisco Chronicle reported on May 13.
For the past six years, Heineken International has owned half of Moonlight Brewing, the 30-year-old Santa Rosa maker of popular beers like Death & Taxes and Reality Czeck. On May 13, Moonlight announced that it had transferred that 50% stake to Patrick Rue, the former owner of southern California’s the Bruery and current owner of Erosion, a wine and beer producer in Napa Valley.
“Moonlight is preserved,” said founder Brian Hunt, who will step back from day-to-day operations while retaining his 50% ownership.
The partnership aligns two highly respected figures within California’s craft beer industry. Hunt has long had a devoted fanbase among beer-industry insiders for his subtle-tasting beers and his refusal to jump on brewing fads. Rue developed a cult-like following at the Bruery, which he founded in Orange County in 2008, thanks to his experimental beers and exclusive membership program. He moved to Napa and started Erosion after selling a majority stake in the Bruery to a Boston private equity firm in 2017.
Rue
...More info on site
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USA, WA: Trap Door Brewing ready to expand by opening a second location
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In 2015, Brian Shull formed Trap Door Brewing and opened the brewery and taproom in Vancouver, Washington’s Uptown Village neighborhood. The company just announced that it is now ready to expand by opening a second location, increasing production, and widening distribution, the Washington Beer Blog reported on May 9.
The new location, The Gateway, will open this summer in Washougal, Washington. The 6,500-square-foot facility will include a taproom with a range of Trap Door beers, a kitchen, cocktails, wine, and eventually a new production brewery. The company hopes to host the grand opening sometime this summer.
“We enjoy being a part of the revival of uptown village in Vancouver and we want to create that same experience on Main Street in Washougal,” said Bryan Shull, Trap Door’s founder.
Trap Door Brewing landed on the name, The Gateway, as a nod to Washougal’s geographic position as the gateway to the scenic Columbia River gorge. Shull said Trap Door principals have taken ownership of the century-old building which was converted into a brewery by a prior owner and operator.
Most recently, the location at 1834 Main Street in downtown Washougal was home to Logsdon Farmhouse Ales, which closed in 2021. Before that, it was the home
...More info on site
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USA, OH: Third Eye Brewing opening a second location
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Popular Sharonville brewery Third Eye Brewing is opening a second location, the CityBeat reported on May 9.
The brewery opened its original spot in June 2020. Now, Third Eye Brewing is gearing up to open a new place in Hamilton in early 2023, per a release.
The Hamilton location is set to be home to a 10,000-square-foot production facility that will allow Third Eye to increase its annual barrel production from 2,000 to 10,000.
With more beer comes more people, and Third Eye plans to accommodate the crowds in its 6,000-square-foot taproom, which includes a covered patio and a full kitchen run by chef Steven Vanderpool.
There are also plans for a 5,000-square-foot private event and barrel-aging space on the facility's lower level. “It will have its own unique feel but still have our Third Eye vibe making it a great place to come and hang out with friends and family," Third Eye Brewing co-founder Tom Collins says of the new location in a press release.
This expansion is expected to cost around $3.1 million.
“We are very excited to be expanding our production capacity and being a part of all the great things happening in Hamilton,” says Tom Schaefer, co-founder of Third Eye Brewing, in
...More info on site
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Canada, BC: Canuck Empire Brewing returns with new facility in Abbotsford
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A brewery that originally launched in 2014 in Abbotsford before closing after several years in operation has returned with a new facility in the city’s U-District, the Canadian Beer News reported on May 12.
Canuck Empire Brewing has been established by Brandon Wiggins with an aim to create “Distinctive Beers for Offbeat Canadians”.
While still awaiting the lounge license that will allow the serving of full pints, the taproom is currently pouring samples, flights, and growlers of an opening line-up that includes Rye Porter (7.1% abv), Brown Ale (3.7% abv), Juicy IPA (6% abv), English IPA (5.8% abv), Coast Trail Pale Ale (4.9% abv), Stargazer Chamomile Wheat (5.9% abv), Kiwi Hibiscus Sour (4.3% abv), Dry Hop Sour (4.7% abv), and 11am Lager (4.2% abv).
A selection of non-alcoholic beverages are also available, along with a snack menu that includes grilled cheese sandwiches, waffles, and ice cream sandwiches.
Canuck Empire Brewing is located at 33797 King Road, across from the Abbotsford Centre, and is open Thursday to Sunday.
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USA, NV: Great Basin Brewing Company coming to Carson City
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Great Basin Brewing Company is coming to Carson City, KOLO reported on May 12.
The move marks the company’s first expansion in 10 years.
The Union will begin its remodel on May 16 as it realigns itself under the Great Basin Brewing Company brand. The business will be closed for about two weeks while the work is completed.
“In the past 5 years The Union has been wildly successful – embraced by locals and visitors alike,” said Mark Estee, CEO of Local Food Group. “By bringing Great Basin Brewing Company to the capitol of Nevada, we’re excited to give people the food they’ve come to love from The Union, paired with the award-winning craft beer of Great Basin. It just doesn’t get any better than this!”
Under the remodel, bar seating will be expanded and the upstairs dining area will be more intimate with added booths, according to a press release. The new location will also feature brews such as Ichthyosaur “ICKY” IPA®, Leave No Trace® Alpine Lager and Firelit Haze Hazy IPA as well as craft beers brewed on-site on their 15 barrel brewing system.
Great Basin Brewing Company will also reserve three of their 18 taps for local partners such as Shoe Tree
...More info on site
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USA, OR: Standing Stone Brewing Company to close down after a tough couple of years
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Over the past 26 years, Standing Stone Brewing Company (SSBC) in Ashland has given to its community through beers, eats and even donations, KTVL reported on May 12.
SSBC announced on May 11 that it will be closing its doors after a tough couple of years battling intense smoke from fires and the pandemic. The brewery leaves behind decades of community impact and some sad customers.
The company has raised thousands of dollars for local nonprofits through its Pints for a Purpose Program, raised $6000 for World Central Kitchen providing meals to Ukraine refugees, and raised $35000 for Rogue Valley Farm to School.
“They’ve constantly been a bastion of this community and always given from their profits to various causes so it’s sad because that income now will also be lost,” said Dutch Weiss, an SSBC customer of 15 years.
Many customers were shocked to hear the company is shutting down and will miss the food, drinks and environment.
“It’s the kind of place where you eat here and you feel good,” said Steve Sanfilippo, an SSBC customer of over 20 years. “It’s good food and I always liked the beer too.”
Steve Sanfilippo and his wife Teresa have been coming to Standing Stone for more
...More info on site
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World: Maltsters safeguard business from barley price increases but no insurance or hedge was possible for increased transport costs - analysts
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Maltsters had become used to safeguard their business by working back to back – malt sales vs. barley cover - on priced contracts. Long-term
...More info on site
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Japan: Kirin Holdings reports increased profit to owners for Q1 2022
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Kirin Holdings Co. Ltd. reported on May 12 profit to owners of company of 17.39 billion yen for the three months ended March 31,
...More info on site
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World: Malting barley prices boosted by mounting concerns over dryness in Europe
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Mounting concerns about dryness in Europe are boosting malting barley prices, even while outside influences (e.g. wheat) are more limited, RMI Analytics said in
...More info on site
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EU & UK: Barley crop approaching pivotal point amid dryness concerns
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The European barley crop is approaching a very pivotal point as dryness in northern France and Germany is raising concerns, since no meaningful rain
...More info on site
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Singapore: ThaiBev looking to raise as much as $1 bln through its regional beer business IPO
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Singapore-listed Thai Beverage (ThaiBev) is looking to raise as much as $1 billion through the revived Singapore initial public offering (IPO) of its regional
...More info on site
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France: Barley and wheat crop conditions decline sharply this week
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Crop conditions for French wheat and barley crops declined sharply last week as dry weather persisted in the EU's biggest grain-growing country, data from farm office FranceAgriMer showed on May 13.
An estimated 82% of French soft wheat crops were in good or excellent condition in the week to May 9, down from 89% the previous week, FranceAgriMer said in a cereal report.
That marked a second straight weekly decline in the rating after a two-point drop the previous week. The latest score was nonetheless above a 79% rating a year earlier.
Crop observers have warned that cereals may start losing yield potential, with a hot, dry spell this week expected to increase pressure on plants, before the possible return of rain next week.
FranceAgriMer officials said earlier this week that crops were suffering in particular in the southeast and in zones with light soils, although rainfall in the coming days could avert widespread damage to cereals.
"We're reaching a tipping point for some soil types," Catherine Cauchard, head of FranceAgriMer's crop monitoring service told reporters. "Farmers are hoping for rain so that yield potential can be maintained."
Drought in France has added to tension in grain markets that are grappling with disruption to Ukrainian supplies
...More info on site
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Ukraine: Ukrainian grain and oilseed plantings progressing surprisingly well in spite of the war
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Ukrainian grain and oilseed plantings progress surprisingly well, in spite of the war, except in the war zones of the Southeast. Spring barley plantings
...More info on site
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South Africa: AB InBev doing all it can to minimise price increases - CEO
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AB InBev CEO reassures beer drinkers that the brewer is doing all it can to minimise price increases, the MoneyWeb reported on May 13.
Despite the spike in food inflation, beer drinkers won’t have to fork out much more money for the satisfaction of a cold beer.
Michel Doukeris, the new global CEO of brewing giant AB InBev, which owns South African Breweries (SAB), says the company is working hard to manage costs and cushion its customers against price increases.
Doukeris was speaking at a media roundtable in Johannesburg on May 12, on his first official visit to South Africa since assuming his role in July 2021.
According to Doukeris, the company’s exposure to diverse markets – which face vastly different inflationary pressures – has helped it build a resilient business model that’s able to shield consumers from rising cost pressures.
“When we look at what’s happening globally, we see across all categories prices going up but we see that beer so far is lagging inflation. Meaning that the price increases that we put in the market, they are falling behind inflation,” he says.
“We try to organise our price actions in ways that take into consideration not only costs but the overall industry and
...More info on site
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Ukraine: Grain exports more than halve so far in May
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Ukraine's grain exports have more than halved so far in May from the same period a year ago, although at just under 300,000 tonnes they are similar to the whole of March, the first full month of Russia's invasion, agriculture ministry data shows.
Ukraine exported 667,000 tonnes in the same period of May 2021. The country exported up to 6 million tonnes of grain a month before Russia invaded the country in February.
The ministry data showed on May 12 Ukraine has exported 46.17 million tonnes so far in the 2021/22 July-June season, versus 39.65 million a season earlier.
The ministry said May's volume included 284,000 tonnes of corn, 8,000 tonnes of barley and 6,000 tonnes of wheat. It did not say how grain was delivered.
Senior agriculture officials have said Ukraine exported up to 300,000 tonnes of grain in March and 1.09 million tonnes in April.
The ministry said 2021/22 export volumes included 18.53 million tonnes of wheat, 21.50 million tonnes of corn and 5.68 million tonnes of barley.
Ukraine, a major agricultural producer, used to export most of its goods through seaports but has been forced by Russia's invasion to export by train via its western border or via its small Danube River ports.
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