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E-Malt.com Newsletter 41b
October 13 - October 16, 2022
Quote of the Week
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Marie Forleo
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Currency Rates
Base Currency: US Dollar
on October 14, 2022 |
Base Currency: Canadian Dollar
on October 14, 2022 |
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1 USD = 1.0274 EUR
1 USD = 0.8927 GBP
1 USD = 1.3801 CAD
1 USD = 1.5931 AUD
1 USD = 146.9910 JPY
1 USD = 5.2816 BRL
1 USD = 63.7895 RUB
1 USD = 7.1800 CNY
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1 CAD = 0.7245 USD
1 CAD = 0.6467 GBP
1 CAD = 0.7443 EUR
1 CAD = 1.1541 AUD
1 CAD = 106.4910 JPY
1 CAD = 3.8264 BRL
1 CAD = 46.2139 RUB
1 CAD = 5.2017 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Whiskey exports up 22% in January-July this year
...Click here
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USA, FL: Odd Colony Brewing Co. arriving in Pensacola
...Click here
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USA, CO: Sunroom Brewing celebrates grand opening in Denver
...Click here
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USA, OH: Ignite Brewing Co. to launch new location in northern Medina County
...Click here
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USA, MI: Northport’s Mitten Brewing Company to close for good at end of year
...Click here
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EU: Malt capacity seen as short versus domestic and export demand
...Click here
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UK: Maltsters explain how five-fold surge in energy prices could affect the price of beer
...Click here
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Kenya: Diageo offers to increase stake in East African Breweries
...Click here
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World: Barley trade forecast for 2022/23 increased in USDA’s latest report
...Click here
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Canada: Beer lovers should brace for price increases – Molson Coors Canada’s chief executive
...Click here
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World: Barley markets almost asleep as of the end of September
...Click here
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EU: Barley crop 2022/23 forecast to reach 51.464 mln tonnes
...Click here
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UK: Pubs and brewers warn of possible beer shortages this winter
...Click here
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India: Bira 91 purchases Uttar Pradesh-registered Kamakhya Beer & Bottling Private Limited
...Click here
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Australia: Malting barley export up 15% in August versus July
...Click here
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Azerbaijan: Carlsberg Azerbaijan planning $14 mln of investments
...Click here
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France: Farmers making swift progress in sowing winter wheat and barley
...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
13 October
1884 - Greenwich established as universal time meridian of longitude
1971 - Intel Corp. goes public on NASDAQ
1987 - Walter H Brattain, U.S. physicist (transistors, Nobel 1956), dies at 85
14 October
1773 - The first recorded Ministry of Education, the Commission of National Education, is formed in the Polish-Lithuanian Commonwealth
1888 - Louis Le Prince films first motion picture: Roundhay Garden Scene
15 October
1878 - Edison Electric Light Company incorporated
1908 - John Kenneth Galbraith is born, economist, Affluent Society-58 Hillman Award
1993 - Amstel brewery on Curacao produces 1,000,000,000th bottle
16 October
1922 - Disney Co founded
1923 - John Harwood patents self-winding watch (Switzerland)
1985 - Intel introduces 32-bit 80386 microcomputer chip
Agenda
October 2022:
12 - 15: China Brew & China Beverage 2022 (Shanghai New International Expo Centre, China)
13 - 15: Warsaw Beer Festival 2022 (Warsaw, Poland)
14 - 16: Barcelona Beer Festival 2022 (Barcelona, Spain)
21 - 23: Cerveza Mexico Expo 2022 (Mexico City, Mexico)
24 - 30: Copa Cervezas de America 2022 (Valparaiso, Chile)
27 - 28: Sea Brew 2022 (Bangkok, Thailand)
November 2022:
01 - 03: Brussels Beer Challenge 2022 (Eupen, Belgium)
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)
07 - 11: Mondial de la Biere Rio 2022 (Rio de Janeiro, Brazil)
February 2023:
10 - 13: HoReCa 2023 (Athens, Greece)
20 - 23: Beer & Food Attraction 2023 (Rimini, Italy)
March 2023:
08 - 11: Festival Brasileiro da Cerveja 2023 (Blumenau, Brazil)
May 2023:
07 - 10: Craft Brewers Conference & BrewExpo America 2023 (Nashville, TN, USA)
10 - 10: World Beer Cup 2023 (Nashville, TN, USA)
12 - 14: Cerveza Mexico Expo 2023 (Guadalajara, Mexico)
25 - 27: InnBrew 2023 (Barcelona, Spain)
30 - 01 June: Beviale Mexico 2023 (Mexico City, Mexico)
News Articles
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USA: Whiskey exports up 22% in January-July this year
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After several difficult years for distillers, there’s good news for the spirits economy, the Vine Pair reported on October 13.
Liquor exports from the United
...More info on site
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USA, FL: Odd Colony Brewing Co. arriving in Pensacola
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The Gothic architecture of the historic Sacred Heart Hospital is an architectural landmark in Pensacola, a building steeped in unique design and teeming with history, the Pensacola News Journal reported on October 14.
And soon, it'll be buzzing with new businesses as a beloved brewery and a mystery eatery prepare to move in.
The property, which sits at the corner of 12th Avenue and DeSoto Street, houses long-standing and beloved tenants like O’Zone Pizza Pub and the Montessori School of Pensacola, but the latest to announce its arrival is Palafox’s Odd Colony Brewing Co.
The brewery recently revealed in a social media post its plans to add a second location in the lower floor, which will transition into a Biergarten, lounge and eatery come spring.
“It’s been one hell of a trip these last three years,” Odd Colony staff wrote in the online statement. “We invited you to join us around the proverbial campfire many moons ago, and we’ve been enamored by the community’s support and camaraderie experienced thus far under the heart pine canopy in our Palafox sanctuary. That being said, we’re immensely curious creatures and as we’ve come to find, you are as well.”
With a little maintenance and personal touch, the Odd
...More info on site
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USA, CO: Sunroom Brewing celebrates grand opening in Denver
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Sunroom Brewing celebrated its grand opening on Sept. 30 as one of the Denver-area’s newest breweries. Located directly behind one of Englewood’s more intimate concert venues, The Gothic Theater, the family-run brewery serves up a range of beer styles in an airy taproom with a large enclosed patio, PorchDrinking.com reported on October 12.
Owned by husband and wife team Matthew and Melanie Miller, Sunroom started off as a hobby in the sunroom of their first home. With a lot of hands-on hard work, it has matured into a full-fledged 7-barrel brewery and taproom.
Beginning the day after signing the lease in late April, the couple dove headlong into renovating the building, which was a former taproom. “We had a very aggressive plan. Skeptics said, ‘you’re never going to make it happen,’ but we made it happen,” says Matthew. Melanie adds, “It’s been a really brief and busy five months.”
The Millers did almost all of the demolition and build-out themselves, with some strategic help from friends. At the same time, the couple held down full-time jobs. Matthew even kept his software engineering job until just a few days before the brewery’s opening.
Complementary skillsets helped the couple speed through construction — Matthew is good
...More info on site
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USA, OH: Ignite Brewing Co. to launch new location in northern Medina County
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Ignite Brewing Co., a downtown Barberton brewery that has recently expanded its beer-production capacity and food selection is growing again — this time to a new location in northern Medina County, the Akron Beacon Journal reported on October 13.
The company on West Tuscarawas Avenue is expected to open a second location early next year on North Carpenter Road in Brunswick. The spot inside the Swish 365 building, which houses a sports facility, provides easy access from Interstate 71 and state Route 303.
Co-owner Michael Chisnell said on October 11 in a phone interview that the location offers several advantages that complement the Barberton brew house.
"There is no other (craft) brewery in a 15-minute radius," he said. "It gets us further north, toward the west side of Cleveland and Medina County."
Chisnell said the Brunswick location will create new business for the brewing company in the winter and spring, when indoor capacity limits on-site sales in Barberton.
"In Barberton, our busy season is May through November," he said. "The Brunswick (location), they attract about 2,000 people per day at the location November through May. Our slower season is their busy season."
Chisnell said he and the owner of the sports facility had been discussing the
...More info on site
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USA, MI: Northport’s Mitten Brewing Company to close for good at end of year
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The Mitten Brewing Company announced this week that 2022 will be its last year of operation in the village of Northport. Brewery representatives shared in a statement on social media that the decision to permanently close the location at 112 W. Nagonaba Street was made after they could not work out “an equitable renewal agreement with our landlord,” noting “we’re sorry it ended this way”, the Lelanau Ticker reported on October 13.
The Mitten Brewing Company has operated at the center of Northport’s shopping and hospitality district for the past six years. Representatives for The Mitten noted that the Northport closure “was not a failure of business. In fact, this year has been one of our most successful yet.”
The Mitten's owners thanked local staff and customers for their strong support that enabled the company to give back to the Leelanau community, including eliminating the school lunch debt for Suttons Bay Public Schools. Staff also gave a shout-out to friends and community partners The Big Hot Woody, The New Bohemian Cafe, and North Shore Outfitters “for making us feel like we belonged.”
The lease at the The Mitten’s Northport location ends on Jan. 7, 2023. The Mitten Brewing Company will continue to operate
...More info on site
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EU: Malt capacity seen as short versus domestic and export demand
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The EU malt market looks as follows: after the bad crop year 2021 with its short barley and malt supplies, rather good and early
...More info on site
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UK: Maltsters explain how five-fold surge in energy prices could affect the price of beer
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A director of Norfolk’s biggest maltster has explained how a shocking five-fold surge in energy prices could affect the price of a pint of
...More info on site
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Kenya: Diageo offers to increase stake in East African Breweries
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Diageo Plc, the world's largest spirits maker, has offered to buy additional shares in Kenya's East African Breweries to boost its stake by a
...More info on site
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World: Barley trade forecast for 2022/23 increased in USDA’s latest report
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World barley trade forecast for 2022/23 is increased to 30.116 mln tonnes this month, versus 29.716 mln in the September report and 27.967 mln
...More info on site
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Canada: Beer lovers should brace for price increases – Molson Coors Canada’s chief executive
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Beer lovers should brace for price increases over the coming months as costs such as shipping continue to climb, Molson Coors Canada’s chief executive says.
“The only thing you need to do is to look at the external environment, and you know that we have no other option than to increase the prices of beer,” president Frederic Landtmeters said on October 12 in an interview at the company’s new Longueuil brewery.
“Inflation is a reality, and we need to adjust our pricing to that reality. But I’m not going to comment on future plans. We’re not prepared to announce that yet.”
Molson Coors said in August it expects “inflationary pressures” in areas such as input materials and transportation costs to weigh on profit margins in the second half of 2022. As a result, CEO Gavin Hattersley told analysts the company would boost U.S. prices by an average of three to five per cent in the fourth quarter, depending on the region. He did not discuss pricing plans for the Canadian market.
About 80 per cent of the company’s revenue — and more than 90 per cent of pretax income — comes from the Americas.
Canada’s annual inflation rate slowed to seven per cent in August
...More info on site
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World: Barley markets almost asleep as of the end of September
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Contrary to the "big crops" barley markets almost fell asleep by the end of September, H. M. Gauger GmbH said in their October report.
...More info on site
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EU: Barley crop 2022/23 forecast to reach 51.464 mln tonnes
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The EU Commission Barley Supply and Demand Balance of September 30 forecasts the EU-27 barley crop 2022/23 at 51.464 mln tonnes as compared to
...More info on site
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UK: Pubs and brewers warn of possible beer shortages this winter
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Pubs and brewers have warned beer shortages could hit the UK this winter, The Mail reported on October 13.
Industry experts are calling for the sector to be put on a priority list for gas supplies over the coming months.
The National Grid has previously warned UK homes could be left without power for three hours at a time as blackouts hit this winter.
The alert sparked “calls for certainty of energy supply” from drinks industry chiefs.
Jacob Rees Mogg, business secretary, said priority lists will be reserved for energy-intensive users and for sectors where a loss of energy could lead to a threat to life or damages in excess of Ł50million.
Jayne Almond, Food and Drink Federation’s director of policy, told The Sun: “We urge Ministers to continue to engage with us to address these issues and any potential disruption to the energy supply.”
Pubs are reportedly planning ways to stay open in the case of blackouts, including being lit by candles or battery lamps.
However, during a blackout, a Budweiser spokesman warned the “beer system may not be able to adequately cool the beer lines, meaning draught beer might not be served during the outage period.”
While the British Beer & Pub Association and Campaign for
...More info on site
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UK: Distilleries report peated malt shortage
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A shortage of a key peated whisky ingredient could make Islay spirits even rarer. Peated malt, which gives select Scotches their distinctive smoky flavor, are becoming increasingly difficult for distilleries to locate, the VinePair reported on October 12.
Port Ellen Maltings, a historic facility on Islay, has provided peated malt to seven surrounding distilleries since 1973. It’s currently owned by spirits conglomerate Diageo, which uses the malt at some of its own distilleries.
High demand for peated malt is lowering the supply available to Scotch producers, according to an Oct. 12 article from Master of Malt. An anonymous source tells the publication that increased demand at Port Ellen may be to blame.
According to the source, Port Ellen’s current clients will receive a less-than-usual supply this year, with non-Diageo client sales restricted in 2023 and beyond. This hasn’t yet been confirmed by the spirits conglomerate; however, Diageo’s head of corporate relations Ian Smith tells Master of Malt that the company is working with affected distilleries.
“We can’t comment on the detail of commercial supply contracts, but it is the case that we have seen significantly increased demand for malted barley from our Port Ellen maltings,” Smith says. “As a result, the maltings are operating
...More info on site
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India: Bira 91 purchases Uttar Pradesh-registered Kamakhya Beer & Bottling Private Limited
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Beer company Bira 91, based in New Delhi, has exchanged shares with Chhattisgarh Distilleries Private Limited to purchase Uttar Pradesh-registered brewing company Kamakhya Beer & Bottling Private Limited, the Asia Tech Journal reported on October 10.
Indian liquor producer CDL is the owner of several well-known brands, including Indian No. 1 Magnum Whiskey, Red Indian Rum, and Palm Beach Whiskey.
According to Bira91’s regulatory filings, the firm traded 10,000 of CDL’s Kamakhya Beer shares for INR 22.6 Cr worth of its pre-Series D compulsorily convertible preference shares.
Anuj Jain, Founder of Bira91, said, “We have acquired Kamakhya Beer & Bottling Private limited. The acquisition will help us expand our production capacity and cater to the increasing consumer demand across the region, however, (we) cannot disclose further details at this stage,” Bira91 founder Anuj Jain said.
Additionally, CDL is growing its share in the well-known brewer by investing an extra INR 11.3 Cr in Bira 91.
The purchase will enable Bira 91 to increase its manufacturing capacity and expand its market share in the nation.
Despite the pandemic, Bira 91 was able to lower its loss during the fiscal year 2020–2021 (FY21). Its loss decreased by 30%, from INR 304.8 Cr in FY20 to
...More info on site
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Australia: Malting barley export up 15% in August versus July
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Australia exported tonnes of 106,592 tonnes of malting barley, 495,631t of feed barley and 251,452t of sorghum in August, according to the latest export date from the Australian Bureau of Statistics (ABS), the Grain Central reported on October 12.
The malting figure is up 15 per cent from the 93,064t shipped in July, and sorghum is up 13pc from 221,986t shipped in the previous month, while the feed figure eased slightly from 497,953t.
On malting, Mexico on 61,939t was the biggest market for August by far, while shipments to Saudi Arabia lifted 100,000t from the July figure to consolidate it as the major destination by far on 322,659t.
On sorghum, China accounted for just about all the August-shipped tonnage, accounting for 241,013t of the total figure.
After much anticipation and considerable bilateral negotiations, India appeared in August for the first time as a malting destination for Australian malting barley.
“The India shipment is notable, as it shows we can export malting barley to India with the new fumigation rules allowing phosphine use in place of the traditional methyl bromide requirement,” Flexi Grain pool manager Sam Roache said.
“This could become important into the new year, with a very tight all-grains scenario in India today and the
...More info on site
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Azerbaijan: Carlsberg Azerbaijan planning $14 mln of investments
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Carlsberg Azerbaijan LLC intends to invest more than 25 million manat ($14 million) in its development and in the Azerbaijani economy, in accordance with the plan for 2021-2025,Managing Director of Carlsberg Azerbaijan LLC Alius Antulis told the Trend.
He said that in the beginning of its activities in Azerbaijan, the company has invested 160 million manat ($94.1 million) in the country's economy.
"The company has already started exporting its production to the neighbouring Georgia. And work on increasing export market continues," Antulis said.
In addition, Antulis stressed that the company plans to completely localize production processes.
"The company wants raw materials and other goods that are necessary for the production to be 100 percent local. In this regard, a cooperation agreement has been reached with Azersheker, which will provide us with malting barley. It's also planned to establish local production of labels and bottles," he added.
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France: Farmers making swift progress in sowing winter wheat and barley
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French farmers have almost finished harvesting this year's drought-affected maize crop and are making swift progress in sowing winter wheat and barley, data from farm office FranceAgriMer showed on October 14.
Farmers had gathered 83% of this year's grain maize crop by Oct. 10, compared with 67% a week earlier and only 14% in the same week last year, FranceAgriMer said in a cereal report.
The harvest remained 28 days ahead of last year's pace and 18 days ahead of the five-year average, it said.
Harvesting started early in late August after an exceptionally hot and dry summer accelerated plant growth.
The harsh weather also stressed crops and is expected to lead to the smallest French maize harvest in three decades.
Soft wheat sowing for next year's harvest accelerated, with 21% of the expected area drilled by Monday, compared with 3% a week earlier and 11% a year ago, FranceAgriMer said.
For winter barley, 37% of the expected crop area had been sown, compared with 8% a week earlier and 22% a year ago.
Dry and mild weather has helped field work since late September, though the return of rain this week could slow progress.
Farmers are also concerned that fuel shortages resulting from oil refinery strikes in
...More info on site
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