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E-Malt.com Newsletter 25a
June 20 - June 22, 2022
Quote of the Week
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Currency Rates
Base Currency: US Dollar
on June 22, 2022 |
Base Currency: Canadian Dollar
on June 22, 2022 |
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1 USD = 0.9486 EUR
1 USD = 0.8145 GBP
1 USD = 1.2933 CAD
1 USD = 1.4346 AUD
1 USD = 135.8010 JPY
1 USD = 5.1624 BRL
1 USD = 54.5461 RUB
1 USD = 6.6900 CNY
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1 CAD = 0.7731 USD
1 CAD = 0.6297 GBP
1 CAD = 0.7334 EUR
1 CAD = 1.1091 AUD
1 CAD = 104.9860 JPY
1 CAD = 3.9910 BRL
1 CAD = 42.1690 RUB
1 CAD = 5.1719 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, CT: Athletic Brewing Company starts production at its new Milford facility
...Click here
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USA, NC: Outsider Brewing Co. to become Woodfin’s newest brewery
...Click here
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USA, OH: Crafted Culture Brewing to move to another location in downtown Columbus
...Click here
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Canada, NS: New Scotland Brewing opens expanded location in Dartmouth
...Click here
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USA, MO: Calibration Brewery selling its building in North Kansas City
...Click here
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USA, NM: Toltec Brewing closes after four years in business
...Click here
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World: World still has enough grains and oilseeds, but concentrated in favourable climatic zones
...Click here
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India: Beer sales surge this year after a two-year gap due to the pandemic
...Click here
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EU: Wheat and barley yields forecast cut for the third month in a row
...Click here
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Australia: Barley growers expecting break in the weather to proceed with planting
...Click here
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The Netherlands & the Philippines: Heineken aims to boost its presence in the Philippines
...Click here
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UK: Independent distilleries see 9% drop in revenue last year
...Click here
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UK: Brewdog approached Heineken about partial sale - BBC
...Click here
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Argentina: Barley forecast of 5.37 mln tonnes could increase - analysts
...Click here
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Spain: Lower barley crop expected this year in Spain
...Click here
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Denmark & Sweden: Barley acreage and production estimates unchanged for both countries
...Click here
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Singapore: ThaiBev’s brewery unit and Chinese supplier of material used in batteries start gauging demand for share sales in Singapore
...Click here
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France: French wheat crop rating dips, barley harvest starts
...Click here
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Germany: Hailstorm hits hop crop in southern Hallertau
...Click here
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The Netherlands: Heineken increasing its prices this summer
...Click here
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Ukraine: Ukraine starts wartime winter grain harvest
...Click here
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Graph of the Week
Table of the Week
EU Barley Crop 2018 - 2022f
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
20 June
1793 - Eli Whitney patents his cotton gin
1863 - 1st bank chartered in U.S., National Bank of Davenport, Iowa
1867 - President Andrew Johnson announces purchase of Alaska
2003 - The Wikimedia Foundation is founded in St. Petersburg, Florida
21 June
1948 - One of the world's earliest modern computers, the Small-Scale Experimental Machine runs its first program successfully, proving that it can store data and user programs and process them at electronic speed
1990 - After decades of closure, the Budapest Stock Exchange reopens for trading
22 June
1775 - US Congress authorizes the first issuance of Continental Currency, or U.S. paper money
1899 - Michal Kalecki is born, Polish economist
2009 - Eastman Kodak Company announces that it will discontinue sales of the Kodachrome Color Film, concluding its 74-year run as a photography icon
Agenda
July 2022:
27 - 29: Craft Beer China 2022 (Shanghai, China)
August 2022:
11 - 13: VIETFOOD & BEVERAGE - VIETNAM 2022 (Saigon Exhibitions and Conventions Center. 799 Nguyen Van Linh Street, District 7, HoChiMinh City, Vietnam)
14 - 16: Brewing Summit 2022 (Providence, Rhode Island, USA)
September 2022:
02 - 04: Finest Spirits 2022 (Munich, Germany)
12 - 16: Drinktec 2022 (Messe Muenchen, Munich, Germany)
17 - 03 October: Oktoberfest 2022 (Munich, Germany)
27 - 29: 3rd VLB Africa Brewing Conference (VLB Virtual Campus)
October 2022:
06 - 08: The Great American Beer Festival 2022 (Denver, USA)
12 - 15: China Brew & China Beverage 2022 (Shanghai New International Expo Centre, China)
27 - 28: Sea Brew 2022 (Bangkok, Thailand)
November 2022:
22 - 23: 12th Iberoamerican VLB Symposium Brewing & Filling Technology 2022 (Uberlandia, Brazil)
December 2022:
06 - 07: 3rd VLB International Brewing Web Conference (VLB Virtual Campus)
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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USA, CT: Athletic Brewing Company starts production at its new Milford facility
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Athletic Brewing Company, one of the country's largest non-alcoholic beer producers, officially started production at its 150,000 square foot Milford facility on June 17, the Patch reported.
"Our product is health positive, it's better for you," Co-founder Bill Shufelt said at a ribbon cutting ceremony. "Alcoholism is a huge problem in this country, and we saw a path to improving tens of millions of lives not only here, but globally."
Shufelt and co-founder John Walker created the company in 2017 after they found other non-alcoholic beers lacking in flavor and popularity.
Athletic Brewing has experienced explosive growth over the past five years. It went from producing 12,000 cases of beer in 2018 to 1.4 million in 2021. It's distributed in 46 states, with plans to expand to the remaining four in the next few months, Shufelt said.
The Milford facility will eventually be able to produce 6 million cases annually. The company has a small 10,000 square foot operation in Stratford and an 80,000 square foot facility in San Diego.
The brewery secured funding with the help of the Connecticut Innovations Angel Investment program.
"It's five o'clock somewhere, we don't have to say that anymore," Gov. Ned Lamont said at the ribbon cutting. "This is Athletic
...More info on site
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USA, NC: Outsider Brewing Co. to become Woodfin’s newest brewery
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Roughly halfway between Zillicoah Beer Co. and Riverside Rhapsody Beer Co. sits Woodfin’s newest brewery, Outsider Brewing Co., 939 Riverside Drive, the Mountain Express reported on June 22.
Co-founders Kaeleigh McCauley and Julian Arena are aiming for a July opening. No strangers to the beer industry, the pair met in 2018 in Charlotte while McCauley was working as a sales representative for Birdsong Brewing and Arena was the head brewer for D9 Brewing Co.
True to its name, Outsider will offer patrons an experience unlike anything the local craft beverage industry has seen. Similar to a working art studio where patrons can see glass blown or pottery thrown, people who come to the Woodfin brewery will be able to watch Arena brew in transparent vessels, removing the barriers inherent with stainless steel tanks.
“There’s definitely a need in the area for people to engage with the brewing process a little bit more,” says Arena, who’s been homebrewing since high school. “In lieu of having a giant production facility, we kind of switched gears and now we have the smallest production facility you can imagine but also the most up-close-and personal-experience you can have.”
The co-founders were inspired to start Outsider after McCauley’s experiences selling
...More info on site
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USA, OH: Crafted Culture Brewing to move to another location in downtown Columbus
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According to Anthony “Sizzle” Perry, owner of Crafted Culture Brewing, the popular brewery has secured a brand-new home in downtown Columbus, 614NOW reported on June 21.
Perry said Crafted Culture will be moving their brewery to 189 E. Main St.
Crafted Culture–the first Black-owned craft brewery in Central Ohio–opened early in 2021 in Gahanna, before leaving the location earlier this year. A video statement posted to Crafted Culture’s Instagram account in February stated that the goal of the move was to find a building that better served the brewery’s needs.
According to Perry, that’s exactly what Crafted Culture has found in the new nearly 4,000 square foot space.
“The new location is going to be a more accurate representation of what Crafted Culture was designed to be,” he said. “It’s going to be everything I did growing up in the 80’s and 90’s outside with my brothers, it’s going to be the cookouts, the family reunions, all of that in one building.”
As the space is a new building, Crafted Culture doesn’t have an official opening dated lined up yet.
“It’s going to take a little bit of time,” Perry said, “But it’s going to be worth it.”
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Canada, NS: New Scotland Brewing opens expanded location in Dartmouth
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Four years after the launch of its original location in downtown Dartmouth, New Scotland Brewing Co. has announced the opening of an expansion that brings together several compatible businesses under one roof, the Canadian Beer News reported on June 20.
In addition to featuring a larger taproom, live music venue, and rooftop patio, the space is also the new home of the brewery’s sibling New Scotland Clothing Co., plus restaurant Root Down Scullery from chefs Lawrence Deneau and Ryan Wolfe, and a new location for Timber Lounge Axe Throwing.
In a recent interview with Huddle Today, New Scotland co-owner describes the combination of businesses as “a little adult playland.” He also thanks Stone Pizza for providing food for the original brewery taproom over the past few years, and notes that they have now entered a similar arrangement with nearby Brightwood Brewery.
New Scotland Brewing Co. and its partner businesses can be found at 16 Portland Street in Dartmouth.
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USA, MO: Calibration Brewery selling its building in North Kansas City
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In a statement put out via their Facebook page, Calibration Brewery in North Kansas City, announced they will be selling their building, the Flatland KC reported on June 20.
Calibration has been a mainstay in the local beer scene since opening in 2016. The post simply stated they’d be selling the building and “moving on to new opportunities.” Only time will tell what these new opportunities are.
In the meantime, Calibration is throwing one last party on Saturday, June 25. The farewell bash will feature live music, food and drink specials, and giveaways. This is your opportunity to say your goodbyes to a spot that’s served the community well for the past six years.
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USA, NM: Toltec Brewing closes after four years in business
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In four years, Toltec Brewing was able to make its mark in Albuquerque, the Albuquerque Journal reported on June 19.
That run came to an end on Thursday, June 16.
The brewery, located at 10250 Cottonwood Park NW, is permanently closed.
Owners Robert and Diana Navarette posted a letter on the door on Thursday.
“It is with much consideration and sincere regret that we at Toltec have decided to close our doors,” the owners stated in the letter. “We want to thank all of your for your support and patronage over the past 5 years. We truly appreciate all you have endured with us through our ups and downs and the COVID pandemic.”
Toltec was able to be the place for a few award-winning brews since its opening in May 2018. It picked up bronze medals at the Great American Beer Festival in 2019 for the Shaman Stout and then in 2020 for Cactus Warrior.
It was also home to some award-winning cuisine.
Toltec’s former executive chef, David Ruiz, created the Toltec Royale from a mix of beef brisket and chopped cremini mushrooms. The combination worked well enough to earn a win at the 2018 James Beard Foundation Blended Burger Project, a competition intended to reduce our
...More info on site
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Belgium: Beer consumption increases in 2021
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Belgium’s beer consumption registered an increase last year despite several months still having been marked by the coronavirus crisis, La Libre reported on June
...More info on site
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World: World still has enough grains and oilseeds, but concentrated in favourable climatic zones
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The world still has enough grains and oilseeds, but concentrated in the favourable climatic zones of the world, while unavailable and unaffordable in parts
...More info on site
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India: Beer sales surge this year after a two-year gap due to the pandemic
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Beer sales in India have surged this year after a two-year gap due to the pandemic, the makers of the alcoholic beverage have said
...More info on site
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EU: Wheat and barley yields forecast cut for the third month in a row
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Estimated wheat and barley yields for the European Union’s 2022 harvest have been cut for the third month in a row by the European
...More info on site
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Australia: Barley growers expecting break in the weather to proceed with planting
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Rainy conditions continue to prevail across Australia. The main area of concern is New South Wales and southern Queensland where persistent wet conditions have
...More info on site
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The Netherlands & the Philippines: Heineken aims to boost its presence in the Philippines
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Heineken is taking on a new corporate identity and aims to boost its presence in the Philippines, which the Dutch brewer considers one of
...More info on site
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UK: Independent distilleries see 9% drop in revenue last year
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The tariff war waged by Donald Trump has had a long-term impact on Scotland’s whisky distilleries, with the angels’ share being significantly reduced, the
...More info on site
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UK: Brewdog approached Heineken about partial sale - BBC
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Brewdog's CEO James Watt was involved in preliminary discussions about a potential sale of part of the firm to rivals Heineken, the BBC has learned.
Leaked emails from 2018 reveal he told Heineken he was "open to being more pragmatic in our views on independence".
He previously criticised craft brewers for "selling out" to bigger companies.
Brewdog said the BBC's reporting had demonstrated "vindictive scrutiny and malicious criticism" of the beer firm.
The beer company has not directly responded to the new disclosures.
The BBC understands the Heineken discussions did not progress beyond the preliminary stage.
The Ellon-based company has trailblazed a crowdfunding model since it was launched in Fraserburgh in 2007 by Mr Watt and co-founder Martin Dickie. More than £100m has been raised by around 200,000 "equity punks", or shareholders.
In January 2022, a BBC Disclosure programme, The Truth About Brewdog, detailed claims of a toxic workplace and inappropriate behaviour by the CEO.
Mr Watt denied behaving inappropriately and apologised to anyone who has felt uncomfortable because of his behaviour. Brewdog has submitted a complaint about the programme to the broadcasting regulator, Ofcom.
Mr Watt has consistently said his aim is to float the company on the stock market, also known as an initial public offering (IPO).
The
...More info on site
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Argentina: Barley forecast of 5.37 mln tonnes could increase - analysts
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As the main planting window approaches, there have been some beneficial rains in southern Buenos Aires province while dryness is a concern in the
...More info on site
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Spain: Lower barley crop expected this year in Spain
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AVANCES April estimate has revised the Spanish barley acreage: 6-row to 254 thousand ha (last year 265 thousand), 2-row to 2.3 mln ha (last
...More info on site
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Denmark & Sweden: Barley acreage and production estimates unchanged for both countries
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Acreage and production estimates are unchanged from last month: Denmark at 520 thousand ha + 3.1 mln tonnes, Sweden at 250 thousand ha +
...More info on site
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Singapore: ThaiBev’s brewery unit and Chinese supplier of material used in batteries start gauging demand for share sales in Singapore
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The brewery unit of Thai Beverage Pcl and a Chinese supplier of a material used in batteries started gauging demand for share sales in Singapore and Hong Kong, respectively, testing appetite in a tough market for listings globally, Bloomberg reported on June 20.
ThaiBev’s BeerCo. initial public offering could raise between $800 million and $1 billion through the Singapore IPO, people familiar with the matter said last month. At the top of that range, it would be the biggest offering in the city since 2017, according to data compiled by Bloomberg.
In Hong Kong, Tianqi Lithium Corp. also began pre-marketing its shares for an offering that could raise between $1 billion to $1.2 billion. It could potentially be the largest listing in the Asian financial hub since August, as large-size deals vanished this year. The company already trades in Shenzhen’s exchange, where the stock is up 11% year-to-date.
Both companies and their shareholders are aiming to tap investors in a market that hasn’t been this bad for nearly two decades, with proceeds from global IPOs and follow-on share sales down about 70% from a year ago. Surging inflation, aggressive central bank interest-rate hikes and the risk of a global recession
...More info on site
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France: French wheat crop rating dips, barley harvest starts
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An estimated 65% of the French soft wheat crop was in good or excellent condition in the week to June 13, down from 66%
...More info on site
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Germany: Hailstorm hits hop crop in southern Hallertau
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In the late afternoon of June 20, 2022, a big hailstorm hit the southern part of the Hallertau. For the time being, the industry expects that approximately 1,000 ha of hops are affected. Damages vary significantly from hop garden to hop garden and range between 5 % and 100 %, HVG reported on June 21.
The grower-owned cooperative expects the heavily affected area to amount to at least 200 ha. They say they cannot quantify the total damage yet. However, they do not expect any influence on the market.
Apart from this, hops in all hop growing regions are developing well, HVG said. Some varieties have already reached the trellis’ height, the others will follow soon. There have not been any major problems with pests and diseases. The development phase which is crucial for yield and quality is yet to come.
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The Netherlands: Heineken increasing its prices this summer
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Netherlands residents will pay considerably more for Heineken beer on the terraces and in stores this summer. The Dutch brewer is increasing its prices, a spokesperson confirmed to NU.nl after reports in De Telegraaf.
Heineken is increasing the prices paid by bars and restaurants by an average of 5.8 percent. The brewer made agreements with supermarkets about a comparable increase in prices, the spokesperson said.
Heineken informed catering entrepreneurs about the price hikes on Monday. They’ll take effect on August 1.
According to Heineken, the price hikes are inevitable due to the rising costs of energy and raw materials like grain. The company also spends more on wages, packaging material, and transport.
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UK: Stella Artois introduces new 5% strength lager
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Stella Artois has introduced a new five per cent lager in the UK after drinkers hit out at it for lowering the alcohol strength of its main brand, the Daily Mail reported on June 18.
The Belgian brewer has rolled out its new Stella Artois Unfiltered as its strongest available drink, less than two years after it dropped the strength of its original brand.
The pilsner-style beer is being marketed as an 'unfiltered premium lager' and reverses a trend of lowering alcohol levels.
It comes after drinkers were left furious when the brewer reduced the strength of its main brand from 4.8 per cent to 4.6 per cent in 2020.
The firm said the change had come due to 'health and wellness trends', and while customers hit out at the move, the brewer insisted it hadn't changed the taste.
On it's website, the brewer said the new unfiltered 'premium' lager has a 'naturally crisp and vibrant taste'.
It said: 'Our Belgian brewmasters honour the brewing methods of the past by creating this unfiltered premium lager. The absence of filtration allows the fresh flavours of malt and Saaz hops to burst through for a naturally flavourful taste.
'A naturally crisp and vibrant taste profile is encapsulated within this
...More info on site
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Ukraine: Ukraine starts wartime winter grain harvest
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Ukraine has started its wartime winter grain harvest in the Odesa region, however, with the ongoing closure of ports and farmers’ lack of space to keep their produce, it is unlikely it will change the course of the path toward a global food crisis, The Brussels Times reported on June 19.
Before the invasion of Russia, Ukraine was seen as the “breadbasket of the world,” as it was among the biggest exporters of wheat, corn and sunflower oil. However, Russia is now preventing grain from leaving the country, resulting in food prices skyrocketing across the world and warnings of a global hunger crisis being issued.
Despite the fact that the number of ploughed fields in Ukraine has dropped by a quarter since the start of Russia’s invasion, the country’s Ministry of Agrarian Policy and Food announced on June 18 that harvests in the country are underway, and that the areas where crops are being harvested have not decreased too significantly.
In total, 1 million 61 thousand hectares of winter grain are to be harvested in Odesa region this year. In particular, 551 thousand hectares of winter wheat, 244 thousand hectares of winter barley, 50 thousand hectares of spring barley and 190 thousand hectares
...More info on site
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