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E-Malt.com Newsletter 27a
July 04 - July 06, 2022
Quote of the Week
It's not what you do once in a while, it's what you do day in and day out that makes the difference.
Jenny Craig
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Currency Rates
Base Currency: US Dollar
on July 06, 2022 |
Base Currency: Canadian Dollar
on July 06, 2022 |
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1 USD = 0.9684 EUR
1 USD = 0.8322 GBP
1 USD = 1.2956 CAD
1 USD = 1.4673 AUD
1 USD = 135.9170 JPY
1 USD = 5.3573 BRL
1 USD = 59.9962 RUB
1 USD = 6.7068 CNY
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1 CAD = 0.7717 USD
1 CAD = 0.6422 GBP
1 CAD = 0.7473 EUR
1 CAD = 1.1324 AUD
1 CAD = 104.8920 JPY
1 CAD = 4.1344 BRL
1 CAD = 46.3013 RUB
1 CAD = 5.1759 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada, QC: Beer consumption continues to decline in Quebec
...Click here
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USA, OR: SteepleJack Brewing opens its third location in Hillsboro
...Click here
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Canada, BC: British Columbians drink the least beer in all of Canada
...Click here
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USA, CT: The Candlewood Brewing Co. ending its short run in New Milford next month
...Click here
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World: Malt prices under pressure, brewing industry continues to raise prices
...Click here
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EU: Brewers of Europe assess impact of Covid-19 on 2021 beer sales
...Click here
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Brazil: Beer prices up 11.1% between June 2021 and May 2022
...Click here
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Russia: Russia reduces grain export taxes to support shipments
...Click here
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Thailand: Boon Rawd Trading Co., Ltd. announces increase in its beer prices
...Click here
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The Philippines: Heineken reestablishing itself with a new corporate identity in the Philippines
...Click here
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Japan: Kiuchi Brewery Inc. plans to start exporting its whisky
...Click here
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UK: Britain could face summer beer shortage as AB InBev staff agree to strike
...Click here
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Graph of the Week
Table of the Week
Beer Industry in the Netherlands 2016-2021
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
04 July
1776 - The U.S. declared independence from Great Britain
1876 - 1st public exhibition of electric light in SF
1884 - The Statue of Liberty was presented to the United States in Paris
1886 - 1st scheduled transcontinental passenger train reaches Pt Moody, BC
1952 - Canadain Currency, Mint and Exchange Fund Act allows gold coins of $5, $10, and $20 to be minted
1997 - NASA's Pathfinder space probe lands on the surface of Mars
05 July
1643 - 1st recorded tornado in U.S. (Essex County, Massachusetts)
1841 - Thomas Cook opens 1st travel agency
1922 - 1st general election in Netherlands
1948 - The British government adopts the National Health Service Act
1954 - The BBC broadcasts its first television news bulletin
06 July
1785 - Congress resolves US currency named "dollar" and adopts decimal coinage
1885 - Louis Pasteur successfully tests an anti-rabies vaccine
1886 - Horlick's of Wisconsin offers 1st malted milk to public
1907 - Opening of Brooklands, in England - the world's first purpose-built motor racing circuit
1928 - In New York, the screening of the first film to include sound - 'The Lights of New York'
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, QC: Beer consumption continues to decline in Quebec
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Beer consumption continues to decline in Quebec, but the number of microbreweries continues to increase. The sector still in turmoil thwarts the forecasts, but for how much longer, OI Canadian reported on July 2.
“When we started making non-alcoholic beer, we were the only ones in Canada. Now everyone does.»
Michael Jean, CEO of Le BockAle microbrewery in Drummondville, is well placed to see that the Quebec craft beer market is rather crowded.
All niches are explored, all business models are tested. And even though beer consumption is in decline in Quebec, the sector still attracts suitors. There are currently around a hundred brewers waiting for a permit from the Régie des alcools, des courses et des jeux (RACJ).
The future of these future breweries is more uncertain than ever. Unless they choose to focus on their local market and avoid setting out to conquer the shelves of Quebec supermarkets.
“Regionalization is what will save microbreweries,” says Philippe Wouters, who saw the birth of the Quebec craft beer ecosystem and who closely follows its evolution.
According to him, the model of a brewpub in each village of Quebec is still viable. “You have to be able to invest a lot of money to distribute and sell
...More info on site
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USA, OR: SteepleJack Brewing opens its third location in Hillsboro
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As SteepleJack Brewing approaches their 1 year anniversary they have just opened their 3rd location in Hillsboro, not to be confused with the second location which just opened this May in southwest Portland’s Hillsdale area, The New School reported on July 6.
Unlike their original location in a 110+ year old church in northeast Portland’s Sullivan’s Gulch neighborhood, or the new SteepleJack Pizza & Beer pub in southwest, the Hillsboro taproom doesn’t come with the same sort of history in a well worn space. SteepleJack Hillsboro is first and foremost a 17k sq. ft. production facility set up to help the brewery meet the demand for their wide range of ales and lagers and hopefully serve as a space to expand beermaking into more packaging and self-distribution. But it offers much more to the suburban office crowd of the areas more generic food and drink options and a sense of sophistication.
In a un-decript business park of offices and warehousing off of Highway 26’s exit to Helvetia Road are the Intel Casper corporate offices as well as those of Parr Lumber and various medical supply, technical, and mechanical offices, as well as the more beer famous ABV Public House and Mainbrew homebrew
...More info on site
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Canada, BC: British Columbians drink the least beer in all of Canada
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Breweries are booming but British Columbians drink the least beer in all of Canada, according to emerging data, The Vancouver Sun reported on July 3.
Industry professionals are attributing the consumption gap to the rising costs of ale, compared to spirits, and a growing list of ready-to-drink cocktails available on retail shelves.
British Columbians on average drink 64.8 litres of beer each year. Far outpacing them are residents of Newfoundland and Labrador who consume an average of 90.6 litres. Those in Quebec and New Brunswick put away 77.4 litres per year, details a report from Beer Canada, a group that represents 50 Canadian brewing companies.
There’s even more variety of beer to choose from in liquor stores as B.C.’s brewery count rose 15 per cent in 2021, to a total of 230 operations.
“We’ve witnessed an explosion of breweries to hit the market since 2014,” said Rhandi Clarke, who works in management for JAK’s Beer Wine & Spirits, a liquor store operation with 13 branches in B.C.
Clarke said what’s keeping more British Columbians from purchasing brewage is partly the price. “As a whole, locally produced alcohol products have gotten so expensive because of inflation.”
Buying ale now costs 6.8 per cent more than it
...More info on site
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USA, CT: The Candlewood Brewing Co. ending its short run in New Milford next month
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For a second time, a New Milford craft brew pub is shuttering in a big-box retail plaza — a location that goes against the grain for the vast majority of Connecticut beer entrepreneurs in the Land of Steady Habits, who typically choose downtown settings or commercial parks offering ample elbow room for seating and equipment, The Register Citizen reported on July 2.
The Candlewood Brewing Co. is ending its short run in New Milford next month, in a leased storefront along the busy retail district of Danbury Road and Route 7.
Founded by Pat Raffaele and David Adams, the microbrewery is being offered for sale to any interested buyers. But on their Facebook page, the proprietors have signaled their intent to close without stating a reason. The Facebook page lists hours through 9:30 p.m. for Friday and Saturday night, with a closure planned for Sunday when Candlewood Brewing is typically open in the afternoon hours.
Candlewood Brewing did not respond this week to an inquiry, with the voicemail box full for its listed telephone number on July 1.
With plenty of online accolades for Candlewood Brewing’s varieties selling for $7 a glass, is the strip-mall setting to blame?
The vast majority of the 120-plus breweries
...More info on site
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World: Malt prices under pressure, brewing industry continues to raise prices
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European malt prices are under pressure as barley prices have dropped in the face of the pending barley harvest in France, RMI Analytics said
...More info on site
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EU: Brewers of Europe assess impact of Covid-19 on 2021 beer sales
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Ongoing COVID-19 measures taken by governments in 2021 continued to hit bars, restaurants and events, disproportionately impacting brewing and keeping beer hospitality sales 35%
...More info on site
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Russia: Beer production up 1.9% in January-May
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Russia’s January-May beer production increased by 1.9% versus the same period last year, Rosstat reported on July 1.
The statistics agency estimates the total volume
...More info on site
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Romania: Beer market down 10% in January-April
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The Romanian beer market fell 10% in the first four months of 2022 compared to the same period last year, Worldakkam reported on July 4.
“In Romania, as in other European countries, the economic situation is very difficult, not only due to the effects of the health crisis caused by Covid-19 and the war in Ukraine, but also due to inflation and the accelerating rise in raw materials costs,“Julia Refererman, General Manager of the Romanian Brewery Association, explains.
The European Brewers said on July 4 that if decision makers take appropriate steps to support the sector, they may help facilitate the sector’s recovery from the pandemic.
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Brazil: Beer prices up 11.1% between June 2021 and May 2022
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The escalation of inflation that has spread through products and services in Brazil in recent months has hit a sensitive item in the consumer
...More info on site
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World: Scotch whisky enjoying a comeback
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After years in which tequila, Cognac, gin and other spirits pulled ahead in the quest for new customers, Scotch whisky is enjoying a comeback
...More info on site
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Russia: Russia reduces grain export taxes to support shipments
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Sanctions-hit Russia has reduced its grain exports taxes sharply after changing the formula it uses for calculating them to support shipments in the July-June marketing season, the agriculture ministry said on July 1.
Russian farmers are expected to harvest a massive wheat crop this summer, bringing a record exportable surplus in the 2022/23 season. However, shipments are complicated by high export tax, a strong rouble and sanctions-inflated costs for freight and insurance.
The new base price for calculating the wheat export tax is set at 15,000 roubles ($283.68 at the current rate) per tonne, the ministry said.
It was previously in U.S. dollars at $200 a tonne. The Agriculture Ministry used the base price as well as price indicators reported by traders to determine the level of tax on a weekly basis.
The wheat export tax itself is set at 4,600 roubles ($85.8 at the current rate) per tonne for July 6-12 against $146.1 per tonne for June 29-July 5, the ministry said in a separate note.
Russia is the world's largest wheat exporter and aims to remain so, President Vladimir Putin said this week. It continues to supply its traditional markets in the Middle East and Africa despite disruption to Black Sea supply chains.
The
...More info on site
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Thailand: Boon Rawd Trading Co., Ltd. announces increase in its beer prices
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One of Thailand’s leading breweries has announced an increase in the price of its beer, the North East Thailand Times reported on July 2.
Mr. Phurit Bhirombhakdi, Chief Executive Officer of Boon Rawd Trading Co., Ltd., has revealed that the price of Leo beer will increase from July 1, citing rising costs in production, energy and fuel.
Mr. Phurit said efforts had been made to maintain the price of Leo in order to reduce the impact on customers. However, rising costs meant that an increase in prices was now necessary.
He added that Leo is the last beer brand to implement a price increase, with other brands having already announced increases earlier in the year.
As of July 1, the price of Leo will increase as follows:
Big bottles (620ml) increased by 12 baht per box or equal to 1 baht per bottle.
Small bottles (320ml) increased by 18 baht per box or 0.75 baht per bottle.
Long cans (490ml) increased by 11 baht per tray or 0.90 baht per can.
Short cans (320ml) increased by 18 baht per tray arton or 0.75 baht per can.
The rise means consumers could see an increase of between 10-20 baht per box (bottles) or per tray (cans) on the retail price
...More info on site
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The Philippines: Heineken reestablishing itself with a new corporate identity in the Philippines
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Filipino beer lovers have more reason to celebrate as Heineken, maker of the world's most international premium beer, boosts its presence in the Philippines by reestablishing itself with a new corporate identity, the Manila Times reported on July 3.
The move comes following the Dutch brewer's recognition of the Philippines as one of the major drivers for growth in Southeast Asia, considered a top region in beer consumption.
Country Manager Michael Vainio is at the helm of Heineken Philippines Inc. to oversee the popular brand's expansion. Vainio has years of experience with CPG categories under his belt.
Heineken entered the Philippine market in 2016 through AB Heineken Philippines, a 50-50 joint venture partnership between the Dutch beer maker and Philippine-based diversified beverage company Asia Brewery Inc.
Now under a reformed partnership structure, Heineken Philippines has established its own sales and marketing office based in Manila, with Asia Brewery continuing as its local manufacturing partner and distributor in the Philippines.
Heineken is one of the most iconic beer brands in the world for over 150 years, known for its green bottle and red star, and its unforgettable rich and crisp flavors with subtle fruity notes.
For the Dutch beer company that carries more than 300 beer and
...More info on site
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Japan: Kiuchi Brewery Inc. plans to start exporting its whisky
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A sake brewery that has sold its craft beer products around the world is now trying to emulate that success with its whisky, The Asahi Shimbun reported on July 4.
Kiuchi Brewery Inc. plans to start shipping Hinomaru Whisky on July 20.
The blended whisky consists of a spirit produced from barley imported from Britain and the United States and another made from locally grown wheat.
Based in Naka, Ibaraki Prefecture, the brewery is renowned for its Hitachino Nest Beer range. The craft beers are exported to about 40 countries mainly in Europe.
The company started producing whisky in 2016 in one corner of its beer factory.
It set up the Yasato Distillery here in 2020 for full-scale whisky production, using brewing and distilling equipment manufactured in Europe.
Fastidious about incorporating Japanese ingredients, the brewery has been working with local farmers to grow barley for beer production while producing a spirit using wheat and rice harvested in the prefecture.
It also plans to produce whisky mainly using domestically grown barley.
With some of its beers made with Fukure “mikan” oranges and malted rice, the brewery intends to produce whiskies with unique flavors to differentiate itself from U.S. and European breweries.
Hinomaru Whisky will be sold at some liquor retailers.
...More info on site
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UK: Britain could face summer beer shortage as AB InBev staff agree to strike
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Britain could face a summer beer shortage after Stella Artois and Budweiser factory staff agreed to strike over wages, a union warned, the Metro UK reported on July 4.
Workers at Budweiser Brewing Group’s (BBG) Samlesbury site in Lancashire will walk out for 36 hours on 16 July, with a further 12-hour strike on 19 July.
As the cost of living crisis grips the UK, workers have said the current pay rise they’ve been offered isn’t enough.
After months of discussions, BBG offered an increase of 3% for 2022 and again for 2023, as well as increased overtime rates.
The GMB union called the ‘competitive package’ ‘insulting’, pointing out that it will amount to an overall cut for workers due to inflation.
GMB organiser Stephen Boden previously said strike action could lead to a ‘beer drought’.
He added: ”We will not be intimidated by [management’s] bully boy tactics.
‘It’s disgraceful they would threaten to take money out of workers’ pockets during a cost-of-living crisis.
‘They continue to ignore workers and put profit before people with this derisory pay offer. Workers are rightly angry.
‘But it’s not too late for management to listen to workers and get back round the table with us to work out a fair deal.’
BBG said
...More info on site
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