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E-Malt.com Newsletter 26a
June 27 - June 29, 2022
Quote of the Week
Beer will always have a definite role in the diet of an individual and can be considered a cog in the wheel of nutritional foods.
Bruce Carlton
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Currency Rates
Base Currency: US Dollar
on June 29, 2022 |
Base Currency: Canadian Dollar
on June 29, 2022 |
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1 USD = 0.9474 EUR
1 USD = 0.8174 GBP
1 USD = 1.2857 CAD
1 USD = 1.4432 AUD
1 USD = 135.8700 JPY
1 USD = 5.2418 BRL
1 USD = 53.4093 RUB
1 USD = 6.6984 CNY
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1 CAD = 0.7777 USD
1 CAD = 0.6357 GBP
1 CAD = 0.7367 EUR
1 CAD = 1.1223 AUD
1 CAD = 105.6600 JPY
1 CAD = 4.0763 BRL
1 CAD = 41.5339 RUB
1 CAD = 5.2090 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Canada barley production forecast remains at 9.3 mln tonnes
...Click here
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Mexico: Heineken to build a can manufacturing plant in northern Mexico
...Click here
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USA, CO: Prost Brewing Company selects Northglenn for its new headquarters and expansion project
...Click here
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USA, VA: Clendenin Brewing Company enjoys its first few days of business
...Click here
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USA, AL: Circle City Brewing on track to open in Dothan this fall
...Click here
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Canada, BC: Canuck Empire Brewing finally opens in Abbotsford
...Click here
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USA, NY: Destination Unknown Beer Company opens its second taproom upstate
...Click here
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USA, TX: Frost Town Brewing to open its doors to public this week
...Click here
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USA, NJ: Westville Brewery changing ownership on July 1
...Click here
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Vietnam: Beer market regaining its fizz in wake of COVID
...Click here
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World: Barley production forecast keeps shrinking due to weather issues
...Click here
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The Netherlands & Taiwan: Heineken reaches agreement to buy Sanyo Whisbih Group's subsidiary brewery
...Click here
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Russia: Diageo to wind down its business operations in Russia
...Click here
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Malaysia: Beer prices hike may impact demand in Q3 this year
...Click here
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Asia: More drinkers in Southeast Asia turning to less-potent beverages and even alcohol-free drinks
...Click here
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The Czech Republic: Budejovicky Budvar’s net profit up by some 10% last year
...Click here
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Cameroon: Brasseries Samuel Foyou launches its first beer in Cameroon
...Click here
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Graph of the Week
Table of the Week
Germany Hops Area 2020 - 2022s
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
27 June
1820 - 1st edition of newspaper "Courrier de la Meuse" published"
1922 - Alan Peacock is born, economist
2013 - NASA launches the Interface Region Imaging Spectrograph, a space probe to observe the Sun
28 June
1801 - Frederic Bastiat is born, French Economist
1894 - London Tower Bridge opens
29 June
1200 - In China, sunglasses are invented
1881 - 1st international telephone conversation, Calais, ME-St. Stephen, NB
1979 - The Wall Street Journal boot Chrysler from the Dow Jones Industrial Average and replace it with IBM
2007 - Apple Inc. releases its first mobile phone, the iPhone
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)
13 - 15: Warsaw Beer Festival 2022 (Warsaw, Poland)
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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Canada: Canada barley production forecast remains at 9.3 mln tonnes
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Beneficial rains have fallen across the regions of Alberta and western Saskatchewan in Canada, where moisture was much needed. The Calgary area, previously reported
...More info on site
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Mexico: Heineken to build a can manufacturing plant in northern Mexico
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Heineken will build a 1.8 billion peso, or $90 million, can manufacturing plant in the northern Mexican state of Chihuahua near its brewery in the town of Mequoi, the company said on June 27, Reuters reported.
The plant, Heineken's seventh in the country, will bring around 120 direct jobs after opening and around 150 during the construction phase, it said in a press release.
The beermaker said it had seen increased demand for cans in the country, as other national alcoholic drink producers like Becle, Jose Cuervo's parent company, say they are struggling to obtain glass to bottle their spirits.
Around 40% of beer in Mexico is currently made in cans, while the rest is made in glass bottles, according to the National Chamber of Beer and Malted Drinks.
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USA, CO: Prost Brewing Company selects Northglenn for its new headquarters and expansion project
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The Polis Administration and the Global Business Development Division of the Colorado Office of Economic Development and International Trade (OEDIT) announced on June 28 that Prost Brewing Company, a Colorado-based craft brewery, has selected the city of Northglenn for its new headquarters and expansion project, including a showcase production facility, distribution center and world-class biergarten.
“This exciting addition to Colorado’s nation-leading craft brewery industry is bringing over 200 good-paying jobs to Coloradans, and we are proud to congratulate Prost Brewing Company on this expansion,” said Gov. Polis. “Colorado is one of the best places to do business in the country, and our spirit of entrepreneurship and innovation continues to make Colorado the best place to live, work, and raise a family.”
Robust growth at Prost Brewing Company has caused the company to outgrow its current headquarters and production facilities. With the new location in Northglenn, the company will be able to expand operations nationally and act as a catalyst for the revitalization of the Northglenn Marketplace by introducing new consumer experiences.
The relocation and expansion project is expected to create 203 net new jobs and pay, on average, 154 percent of the current average annual wage in Adams County, once full production
...More info on site
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USA, VA: Clendenin Brewing Company enjoys its first few days of business
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There’s a new craft brewery in downtown Clendenin, WCHS reported on June 26.
The owners of Clendenin Brewing Company on Main Street have been enjoying their first few days of business as the Kanawha County town marked the sixth anniversary of the historic June 2016 flood.
Matt and Nikki Holbert officially opened the brewery on Saturday. The Holberts told MetroNews last week they wanted to do something to help give back to the community.
“The flood devastated everything up here, so everybody’s been trying to come back and grown since then. It’s a growing process,” Nikki Holbert said.
The brewery, which includes a tap room, is located on the main floor of the former Farmers & Citizens State Bank building. The Holberts purchased the builing in 2018.
“We came through right after the flood. It was Chase right after the flood. They decided not to reopen. We decided to look at it and got a good deal on it,” Holbert said.
In addition to the brewery, the Holberts also own four Airbnb rooms which are available for rent. Nikki Holbert said there’s also outdoor activities like hiking and kayaking nearby, making for a great summer trip to Clendenin.
“The rail trail has come through, there’s a lot
...More info on site
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USA, CT: Coastline Brewery now open in Westbrook
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Coastline Brewery, the new brewery located at 4 Grove Beach Road North, Westrook is now open, Zip06.com reported on June 27.
Last summer, the Westbrook Planning Commission as well as the Zoning Commission have approved an application to convert old medical offices located at 4 Grove Beach Road North into Coastline Brewery.
The application filed by applicant Richard Lemieux sought to turn vacant medical offices into a 2,500-square-foot brewery with about 80 seats indoors and an additional 24 seats outdoors. The facility will manufacture and distribute beer, cider, and seltzers.
“We are very excited to open our doors, it’s been over a year of bringing our dream to life. Me, [partner Phil Violette], and Rich have spent the last year building Coastline to stand out from other breweries and we can’t wait for people to see all of our hard work and try our beers!” said partner and head brewer Jason Magisano.
After several months of cosmetic work, hiring people to work the brewery, and anticipation, it’s finally open. The brewery celebrated its opening day on June 25 (after press time).
Asked his favorite beer that the brewery makes, Magisano said, “My personal favorite right now is the Man-Mosa DIPA. It tastes exactly like a
...More info on site
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USA, AL: Circle City Brewing on track to open in Dothan this fall
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Downtown Dothan will soon have a brewery, WTVY reported on June 28.
Circle City Brewing will be located on North Foster Street in The Wise building.
That’s between Diablos and KBC.
It’ll be the sister brewery to Southern Fields in Campbellton, FL.
A large assortment of fresh craft beer will be offered, along with ciders and wine.
Owner Brian Walker believes downtown has a lot of potential, and he hopes his brewery will bring more business to the area.
“I grew up in Marianna, and believe it or not, Dothan was always the big city to me,” expresses Brian Walker, Owner of Circle City and Southern Fields Brewing. “We always could come up here and shop and hangout. So, I’ve always had an infinity for Dothan, and just knowing what’s coming down the line, especially with the downtown development, and the money, and the effort that the city is putting in, and the DDRA, we just feel really fortunate to be a part of that.”
Brewing equipment has already been delivered and the business is on track to open this fall.
They’ll be looking to hire staff around August.
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Canada, BC: Canuck Empire Brewing finally opens in Abbotsford
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After over a year of renovations, Canuck Empire Brewing is finally open in Abbotsford and have recently acquired a lounge license, the Abbotsford News reported on June 24.
The new nano brewery is located directly across from the Abbotsford Centre at Unit C – 33797 King Road in the U-District.
Canuck Empire Brewing offers a variety of different beer options and have also begun carrying ciders, caesar and wine selections. Food options are also available and there is a dog friendly patio.
Owners originally took over the space in April 2021 and have been busy renovating and creating beers since.
The location is closed Monday to Wednesday, open Thursday’s from 3 p.m. to 9 p.m., Friday from 3 p.m. to 11 p.m., Saturday from noon to 11 p.m. and Sunday from noon to 7 p.m.
They officially opened on May 6, but the lounge license received final approval on June 17.
Management also revealed that they will be serving beer at both the Berryfest and the Abbotsford Agrifair later this summer.
Council voted to support the brewery’s application on Aug. 31, 2020.
In a letter to the city, owner Brandon Wiggins pointed to residential development in the area and alluded to the city’s desire to create a more
...More info on site
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USA, NY: Destination Unknown Beer Company opens its second taproom upstate
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Seven years after opening in Bay Shore, Destination Unknown Beer Company (better known as DUBCO) has opened a second taproom on a historic 50-acre farm in the Hudson Valley. The new taproom in Warwick, N.Y., called DUBCO Acres, opened on Memorial Day weekend and a grand opening and ribbon cutting was held on June 10, the Long Island Press reported on June 25.
DUBCO Acres is located in a converted dairy barn on the Thankful Acres Farm, which dates back to ownership by the Demarest family around 1752. Chris Candiano, DUBCO’s owner and head brewer, said, “my wife Jenn’s family has lived in the Warwick area for 20 years and it was our dream to find a space there that matches the beauty and integrity of our products.”
DUBCO plans to grow its own malting barley, wheat, rye and hops on the farm to create a series of unique estate-grown beers. For the opening of DUBCO Acres, the brewery introduced a new beer, Four Corners Farmhouse Ale, a French-style saison in tribute to the French immigrants who settled in the Warwick area and began farming it over 250 years ago.
The brewery was founded by Candiano and Brad Finn, natives of
...More info on site
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USA, TX: Frost Town Brewing to open its doors to public this week
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Frost Town Brewing, the latest brewery to hit Houston's vibrant beer scene, will open its doors to the public this week in a northeastern nook of downtown, Chron reported on June 27.
The venue has been almost three years in the making. Frost Town occupies the same footprint as the old diesel engine repair shop that had stood there since the 1970s. Due to structural issues, the team opted for a new buildout for the brewery. Demolition began at the end of 2019, and after a long wait, Frost Town will finally debut in a soft opening on June 30 and a grand opening on July 16.
There's no shortage of space in which to sip your beer at Frost Town Brewing, which spans about 9,000 square feet inside and more than 8,000 outside. The indoor space is split evenly between the production side of the brewery and its customer-facing portion, but there's a mezzanine in the latter that adds even more beer-drinking room.
Before pivoting to beer, Orlando, Fla., native Hannah Schaible was a professional basketball player, notably for SISU in Denmark and the Newcastle Eagles in the U.K. Her partner in life and business, John Sorensen, was a basketball coach at
...More info on site
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USA, NJ: Westville Brewery changing ownership on July 1
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The beloved Westville Brewery is changing ownership on July 1st being taken over by the Rossi Family of South Jersey, 42 Freeway reported on June 24.
The Rossi’s are eager to take what works so well already at the brewery, and expand in all areas.
The brewery will remain open every day even as the ownership switches over.
For the most part in the beginning things aren’t changing: same delicious beer recipes and brewer Scott is staying on, but over time the new owners will look to introduce new ideas, investments, and additional creative beers.
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Vietnam: Beer market regaining its fizz in wake of COVID
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Vietnam's beer market, one of the largest in Southeast Asia, is regaining its fizz as people head back to restaurants, bars and nightclubs after
...More info on site
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World: Barley production forecast keeps shrinking due to weather issues
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Global barley production forecast continues to shrink as weather events reduce the crop 2022 potential, RMI Analytics said in their latest report last week.
The
...More info on site
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The Netherlands & Taiwan: Heineken reaches agreement to buy Sanyo Whisbih Group's subsidiary brewery
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Dutch brewing company Heineken NV said on June 26 that it has reached an agreement to acquire a subsidiary brewery of Taiwan’s Sanyo Whisbih Group, the Taipei Times reported.
Heineken is to assume majority ownership and management rights of the Long Chuan Zuan Co Brewery in Pingtung County’s Neipu Township, the Dutch company said.
It would become the first multinational brewing company to operate brewery in Taiwan once the acquisition is completed.
The deal has been approved by the Ministry of Economic Affairs’ Investment Commission, but details of the financial transaction cannot be disclosed at this time, as terms of the settlement have not been completed, Heineken said.
Heineken beer was introduced to the Taiwanese market in 1987 and the company’s first Taiwan office was established in 2002.
Headquartered in Taipei, Heineken Taiwan has six offices across the nation, with an annual revenue of NT$6 billion (US$202.62 million), the Dutch company said.
Heineken Taiwan distributes Heineken, Tiger, Strongbow and Edelweiss beer brands.
Taiwan is Heineken’s second-largest export market in the world, after the US, the company said.
As of 2019, Heineken had about 165 breweries in more than 70 countries, company data showed.
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Russia: Diageo to wind down its business operations in Russia
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Diageo, the world's largest spirits maker, will wind down its business operations in Russia over the next six months, it said on June 28,
...More info on site
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Malaysia: Beer prices hike may impact demand in Q3 this year
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Higher selling prices of beer come July 1 may impact demand in the third quarter of the year but Malaysia breweries’ dividends are expected to remain unscathed as long as they stay profitable, The Edge Markets reported on June 29.
It has been reported that Carlsberg Brewery Malaysia Bhd will be raising the prices of its products on July 1 because of increasing input costs. It is understood that the brewery will be raising prices of most of its brands including Carlsberg, Smooth Draught, Special Brew, Skol Beer, Danish Royal Stout, Asahi, Kronenbourg 1664 Blanc, Somersby, Connor’s Stout Porter and Nutrimalt. Price revisions for Corona Extra and Jolly Shandy are not expected.
Carlsberg did not respond to a request from The Edge to confirm the price increases.
“Carlsberg has just issued us a formal notification of its price increase. Earlier, we were informally told to be prepared for the price increase in its goods. We have not heard from Heineken Malaysia Bhd if it will raise prices too,” Malaysia Singapore Coffee Shop Proprietors’ General Association secretary Datuk Tan Chnan Yeang tells The Edge.
According to analysts, Carlsberg has confirmed that it will raise the prices of its goods on July 1, but this
...More info on site
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Asia: More drinkers in Southeast Asia turning to less-potent beverages and even alcohol-free drinks
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From Thailand to the Philippines, more drinkers across Southeast Asia are turning to less-potent beverages and even alcohol-free versions of their favorite drinks so that they can avoid the throbbing headaches and other unpleasantness that follows an evening of overindulgence, the Nikkei Asia reported on June 28.
Suntory Holdings began producing its Horoyoi canned cocktail in Thailand on June 28 through local unit Thai Spirit Industry. The drink, which is also popular in Japan, contains 3% alcohol.
Suntory previously imported the beverage from Japan. It plans initially to produce 10,000 cases in Thailand, in grape and peach flavors.
"People have different tastes depending on the local climate and food, so thorough localization is key," said Makoto Kitaura, a marketing manager at Suntory Spirits.
Suntory also produces canned cocktails in Australia. The Japanese company hopes to speed development of new beverages and flavors by producing them where they are sold, so it can better navigate the ready-to-drink industry's notoriously short product cycles.
Thailand's ready-to-drink alcohol market, now dominated by wine coolers, will grow more than 20% between 2021 and 2026 to 8.53 million cases, the U.K.-based IWSR predicts.
In Vietnam, Sapporo Breweries began selling a lower-alcohol version of its Premium Beer last month. Sapporo Premium Beer 100
...More info on site
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The Czech Republic: Budejovicky Budvar’s net profit up by some 10% last year
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Budvar, the Czech brewer that has been in a long legal dispute with U.S. beer giant Anheuser-Busch over use of the Budweiser brand, increased its net profit by some 10% for the second straight year as it saw record output and exports despite the coronavirus pandemic, AP News reported on June 29.
Budejovicky Budvar NP, a 126-year-old state-owned brewery, said its net profit reached 337 million Czech crowns ($14.4 million) in 2021, up from 305 million the previous year. Its net profit was up nearly 10% in 2020.
Its exports were up a record 11% in 2021, reaching 1.3 million hectoliters (34.3 million gallons). Budvar sells its beer in more than 70 countries, with Germany among its major markets.
Budvar also registered record output for the second straight pandemic year, rising 4.6% to 1.8 million hectoliters (47.8 million gallons).
The pandemic affected the beer markets, with demand for beer in tanks and barrels declining as bars and restaurants closed for some time but demand for bottled beer rising.
The brewer has expanded in recent years to produce more than 2 million hectoliters (52.8 million gallons) of beer annually. That investment helped it react to changes in the markets during the pandemic.
A recent suggestion by the
...More info on site
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Cameroon: Brasseries Samuel Foyou launches its first beer in Cameroon
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Brasseries Samuel Foyou (Brasaf) announced the launch of its first beer in Cameroon. The drink will contain 75% malt and 25% corn, the Business in Cameroon reported on June 29.
“In a competitive brewing sector, this alcoholic beverage, which stands out from the others with its quality and packaging, will be officially presented to the public on June 30 in [...] Douala," the company said in a statement. Brasaf says it wants to be a game-changer. The new beer will be marketed in PET bottles (plastic) of 0.65cl and 0.33cl with an alcohol content of 5.1%. The brewing company promises attractive prices to the population. In addition to beer, Brasaf plans to launch “Krystal Drink”, a range of soft drinks presented as low in sugar and gas.
As a reminder, the creation and operation of Brasaf was announced 8 years ago. The owner, Samuel Foyou, who already owns a distillery (Fermencam), filed deeds of creation on July 10, 2014, with a notary in Douala. At the time, the company was created with a share capital of CFA100 million. Eight years later, the brewing company became the fourth of its kind alongside SABC Group (Castel), Guinness Cameroon (Diageo), and the Cameroonian Union of
...More info on site
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