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E-Malt.com Newsletter 20a
May 16 - May 18, 2022
Quote of the Week
It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.
Adam Smith
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Currency Rates
Base Currency: US Dollar
on May 18, 2022 |
Base Currency: Canadian Dollar
on May 18, 2022 |
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1 USD = 0.9520 EUR
1 USD = 0.8042 GBP
1 USD = 1.2825 CAD
1 USD = 1.4253 AUD
1 USD = 129.3370 JPY
1 USD = 5.0058 BRL
1 USD = 64.8906 RUB
1 USD = 6.7467 CNY
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1 CAD = 0.7796 USD
1 CAD = 0.6269 GBP
1 CAD = 0.7422 EUR
1 CAD = 1.1111 AUD
1 CAD = 100.8300 JPY
1 CAD = 3.9025 BRL
1 CAD = 50.5882 RUB
1 CAD = 5.2596 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Barley acreage seen 5% down this year – RMI Analytics
...Click here
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USA: Trappist monks of St Joseph’s Abbey in Spencer decide to stop brewing
...Click here
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USA, IL: Phase Three Brewing Co. to open second Chicago-area location
...Click here
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USA, PA: Cooper’s Family Brewing to begin serving its beers in Scranton on May 24
...Click here
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World: Brewing world will have to cope with smaller malt supplies, analysts believe
...Click here
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China: Beer industry thriving and may even emerge from the pandemic stronger
...Click here
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France & Ethiopia: Malteries Soufflet launches its first malthouse in Africa on the outskirts of Addis Ababa
...Click here
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Thailand: ThaiBev reports 20% increase in net profit for Q2 to March 2022
...Click here
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World: Barley outlook is for lower trade despite larger production in 2022/23
...Click here
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World: Weather concerns having significant impact on barley markets
...Click here
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South Korea: Analysts maintain BUY rating on HiteJinro
...Click here
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Nigeria: Nigerian Breweries Plc commissions works of its expansion project at Ama Brewery
...Click here
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Argentina: Remaining barley surplus for crop 2021/22 estimated close to 1 mln tonnes
...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
16 May
1911 - Supreme Court dissolves Standard Oil with the Sherman Antitrust Act
1930 - Two Texas engineers found a company called Geophysical Service Inc. to use seismographic technology to improve the business of exploring for oil
1949 - The Tokyo Stock Exchange, originally founded in 1878, reopens for business after the devastation of World War II
1951 - The first regularly scheduled transatlantic flights begin between Idlewild Airport (now John F Kennedy International Airport) in New York City and Heathrow Airport in London, operated by El Al Israel Airlines
17 May
1892 - George Sampson patents clothes dryer
1921 - Belgian-Luxembourg sign customs union
1968 - European Space Research Org launches 1st satellite
18 May
1801 - Well over a century after stock trading began in Britain, the cornerstone of the stock exchange building is finally laid in the City of London
1804 - Napoleon Bonaparte is proclaimed Emperor of the French by the French Senate
1822 - Frederic Passy is born, French economist/pacifist, Nobel 1901
1954 - European Convention on Human Rights goes into effect
1969 - Apollo program: Apollo 10 is launched
Agenda
May 2022:
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 seen 5% down this year – RMI Analytics
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Much needed moisture relief arrived during the first two weeks of May in Alberta. Some of the moisture last week even arrived in the
...More info on site
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USA, OH: 77 Brew House already open in Navarre
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Clint McIntyre and Marshall Boivin's friendship began as coworkers and then grew once they discovered their mutual appreciation for craft beer, the Canton Repository reported on May 16.
Their hobby evolved from a homebrewing kit to purchasing a tank system. A couple of their early concoctions also were good enough to be carried at a Northeast Ohio brewery.
The duo's hobby got out of control, Boivin and McIntyre admitted with shared laughter. So they took a big step in their beer adventures – opening 77 Brew House on May 5.
It was a long road to opening day. COVID-19 presented obstacles and delayed their timeline. For a while, the pals questioned the future of their project.
With all that behind them, 77 Brew House is off to a promising start at 21 Canal St. W in downtown Navarre.
During opening weekend, business was strong. Three of their brews sold out – a pale ale flavored with sweet orange peel and coriander; a small batch test run IPA; and Mudd Flaps, an imperial milk stout with cocoa, hazelnut and peanut butter.
Hours are 4 to 10 p.m. Thursday and Friday, and 2 to 10 p.m. Saturday.
Craft beer on tap includes Main St. Pale Ale and Valknut Red
...More info on site
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USA: Trappist monks of St Joseph’s Abbey in Spencer decide to stop brewing
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The Trappist monks of St Joseph’s Abbey in Spencer, USA, have decided “after more than a year of consultation and reflection” that brewing is not a “viable business”, The Brussels Times reported on May 15.
They are therefore stopping production of their beer, according to an announcement the company made on Facebook.
There are now only ten Trappist beers left worldwide, five of them being in Belgium: Chimay, Orval, Rochefort, Westmalle and Westvleteren.
In 2013, Spencer Brewery became the 9th Trappist brewery to get the Authentic Trappist Product label, supported by the monks of Notre Dame de Scourmont Abbey, where the famous Chimay Trappist beer is brewed.
These beers were the first and only American Trappist beers.
Three criteria are required for a Trappist beer to be labelled authentic: part of the proceeds must be donated to social causes, the beer must be brewed in a Trappist abbey, and it must be brewed under the supervision of monks from that order.
Now that the Spencer brewery has disappeared, there are just ten breweries left with the title. The five not in Belgium are La Trappe and Zundert (Netherlands), Engelszell (Austria), Tynt Meadow (England) and Tre Fontane (Italy).
Three other beers (including Achel’s beer) can call themselves Trappist,
...More info on site
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USA, IL: Phase Three Brewing Co. to open second Chicago-area location
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A three-year-old Illinois-based brewery plans to open a second Chicago-area location by the fourth quarter of 2022, the Chicago Business Journal reported on May 13.
Phase Three Brewing Co. signed a long-term lease to occupy 3,600 square feet at 492–494 S. Spring Road in Elmhurst, Illinois, according to Paul Montes, senior vice president with Inland Commercial Brokerage, who represented Phase Three Brewing along with colleague Eric Spiess.
The brewery now plans to redevelop the former bicycle shop into a taproom, which will include outdoor space.
“Design work and permitting have begun, and construction will begin as soon as permits are provided,” Montes told the Chicago Business Journal.
He added that Phase Three Brewing chose the site in part because of its close proximity to Chicago and “position in central DuPage County,” where the “demographics align with their customers. It is a unique building located on the Illinois Prairie Path, and is a walkable neighborhood to restaurants.”
Montes said that investors have a big appetite for properties located along the I-80, I-39 and I-55 corridors where land prices are less expensive.
“I see a continuation of demand [from investors] for infill sites with existing infrastructure and those with interstate access,” he said.
Based in Lake Zurich, Illinois, Phase
...More info on site
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USA, WI: Cocoon Brewery breaks ground in Ledgeview
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A new brewery broke ground in Ledgeview on Friday, May 13, Fox 11 reported.
Cocoon Brewery is going up on Kaftan Way off of County Road G.
The 6,000 square-foot brewery will feature a tap room, beer garden and a food menu. It will also uniquely feature miniature cabins on the roughly four-acre property. The cabins, affectionately called cocoons, will be available for small groups to rent out for a more private experience.
The brewery is owned by twin brothers who used to collect butterflies growing up in Antigo.
One of the brothers, Matt Walters, says he was a home brewer for about five years and a craft beer enthusiast for much longer.
“Our goal with this space is really be an anchor in the community and have a large outdoor spot where people can congregate when the weather is nice or when it’s cold out too. We’re planning to still make it a festive atmosphere throughout the seasons," said Matt Walters.
The brewery is expected to open in the fall.
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USA, PA: Cooper’s Family Brewing to begin serving its beers in Scranton on May 24
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Cooper’s Family Brewing will begin serving microbrews at Cooper’s Seafood House on North Washington Avenue in Scranton on May 24, the Standard-Speaker reported on May 17.
Jack Cooper, who co-owns the restaurant with his brother, Paul, first announced plans in January to build a microbrewery in the cellar.
Jesse Cooper — Jack’s nephew and Paul’s son — who will serve as the brewmaster, is a former research associate in the field of biotechnology. He started homebrewing about four years ago and plans to craft a range of different beer types and varieties from his original recipes.
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World: Brewing world will have to cope with smaller malt supplies, analysts believe
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Ukrainian malt exports were 75,000 tons in 2020, after three years of larger shipments – above 100,000 tonnes. The main destination was Brazil with
...More info on site
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China: Beer industry thriving and may even emerge from the pandemic stronger
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China’s beer industry is thriving and may even emerge from the pandemic stronger, according to new reports revealing its resurgence, The Drinks Business reported
...More info on site
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France & Ethiopia: Malteries Soufflet launches its first malthouse in Africa on the outskirts of Addis Ababa
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The French company Malteries Soufflet, a division of the InVivo Group, has inaugurated its first malt house in Africa, 28th for the company, which
...More info on site
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Thailand: ThaiBev reports 20% increase in net profit for Q2 to March 2022
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The improving Covid-19 situation in Thailand drove sales growth in all business segments said Thai Beverage (ThaiBev) in a bourse filing on Friday, May
...More info on site
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World: Barley outlook is for lower trade despite larger production in 2022/23
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The global barley outlook for 2022/23 is for lower trade despite larger production, USDA said in their May report.
Production is forecast to grow to
...More info on site
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World: Weather concerns having significant impact on barley markets
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Weather concerns are becoming front and centre, as it is usual for this time of the year, and given the tight global supply environment
...More info on site
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South Korea: Analysts maintain BUY rating on HiteJinro
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KB Securities maintain BUY on HiteJinro but raise their target price by 4.8% (KRW42,000→KRW44,000), as they revise up 2022E/2023E operating profit (OP) by 7.6%/8.8%,
...More info on site
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Nigeria: Nigerian Breweries Plc commissions works of its expansion project at Ama Brewery
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Nigeria’s foremost brewing company, Nigerian Breweries Plc, has commissioned civil works of its expansion project at Ama Brewery, Enugu State. The expansion project worth N56 billion (or 112 million euros) is expected to boost the brewing capacity from 2.7 million hectolitres to 4.8billion hectolitres in the first phase and up to 6 million hectolitres in the second phase, the Premium Times Nigeria reported on May 17.
This historic event was performed as part of activities marking the visit of the CEO/Chairman of the Executive Board of HEINEKEN N.V, Dolf van den Brink to Nigeria, accompanied by the HEINEKEN Chief Financial Officer, Harold van den Broek, and HEINEKEN President for Africa Middle East and Eastern Europe, Roland Pirmez.
The commissioning ceremony was also attended by representatives of the Central Bank of Nigeria, the Ministry of Industry, Trade and Investment, the Nigerian Investment Promotion Council, the Manufacturers Association of Nigeria, traditional rulers from the host communities.
Speaking at the commissioning ceremony held on Wednesday, April 27, 2022, the Governor of Enugu State, Rt. Hon. Ifeanyi Ugwuanyi, who was represented by Secretary to the State Government, Prof. Simon Ortuanya, commended NB Plc for taking the bold step to expand its current brewing capacity which demonstrates its
...More info on site
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Argentina: Remaining barley surplus for crop 2021/22 estimated close to 1 mln tonnes
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Export licences granted for crop 2021/22 in Argentina to-date are for 2.4 mln tonnes of feed, 0.8 mln tonnes of malting barley. The remaining
...More info on site
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Germany: Brewers warn of beer bottles shortage
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Germany's brewers have warned that there might not be enough beer bottles for this coming summer season, the country's media reported on May 18.
"We will see shortages by summer at the latest," Holger Eichele, the chief executive of the German brewers' federation (Deutsche Brauer-Bund), told German newspaper Bild, adding that the situation is "extremely tense."
Stefan Fritsche, deputy chief of the Berlin-Brandenburg Brewers' Association, said the paucity of bottles mainly affected small and mid-sized breweries. "This is threatening the diversity of the Germany beer market."
A spokeswoman for Bitburger Brewery told Bild that the demand for glass bottles on the market "currently often exceeds the existing supply."
The costs of the energy-intensive process to produce beer bottles has been steadily rising of late.
Eichele said that another reason for the shortage is the lack of truck drivers, which is making it harder to maintain supply chains.
"Those without long-term contracts are now having to pay 80% more for new glass bottles than a year ago," Eichele said. "Some breweries are threatened with being left idle, they might soon have no bottles."
Eichele advised consumers to return their empty bottles as quickly as possible to help ease the situation.
Consumers in Germany pay a deposit on glass and
...More info on site
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