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E-Malt.com Newsletter 44b
November 03 - November 06, 2022
Quote of the Week
Beer does not make itself properly by itself. It takes an element of mystery and of things that no one can understand.
Fritz Maytag
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Currency Rates
Base Currency: US Dollar
on November 04, 2022 |
Base Currency: Canadian Dollar
on November 04, 2022 |
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1 USD = 1.0228 EUR
1 USD = 0.8875 GBP
1 USD = 1.3735 CAD
1 USD = 1.5836 AUD
1 USD = 147.9310 JPY
1 USD = 5.1323 BRL
1 USD = 61.9330 RUB
1 USD = 7.3048 CNY
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1 CAD = 0.7280 USD
1 CAD = 0.6461 GBP
1 CAD = 0.7445 EUR
1 CAD = 1.1528 AUD
1 CAD = 107.6880 JPY
1 CAD = 3.7361 BRL
1 CAD = 45.0845 RUB
1 CAD = 5.3176 CNY
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Currency Rates Chart
North America: Canadian barley price direction driven largely by feed complex
...Click here
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USA, TX: Diageo acquires Texas craft distiller Balconies Distilling
...Click here
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USA, CO: Public Offering Brewing Co. to hold grand opening celebration on November 18
...Click here
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USA, WI: Foxtown Brewing coming to downtown Milwaukee
...Click here
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World: Barley production forecast increased to 150.4 mln tonnes
...Click here
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Nigeria: Guinnes Nigeria sees 11% revenue growth in Q1 ended September 30
...Click here
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EU & UK: Volatility returns to barley markets this week
...Click here
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Ireland: Stout sector heavily impacted by pandemic but recovery now underway
...Click here
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Australia: Malting barley exports total 875,107 tonnes in 2021-22
...Click here
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Tanzania: Local farmers gain from Serengeti Breweries cereal deal
...Click here
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Graph of the Week
Table of the Week
Italy Beer Market 1999 - 2021
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
03 November
1898 - 1st US automobile show opens at Madison Square Garden (NYC)
1929 - 1st commercially produced synthetic rubber manufactured
1971 - The microprocessor is officially born as Intel introduces its new 4004 chip, invented by Ted Hoff and Federico Faggin
2014 - One World Trade Center officially opens
04 November
1846 - Benjamin Palmer patents artificial leg
1939 - 1st air conditioned automobile (Packard) exhibited, Chicago, Ill
1996 - Vimpel Communications becomes the first Russian company to list its shares on the New York Stock Exchange
2008 - Barack Obama becomes the first person of African-American descent to be elected President of the United States
05 November
1492 - Christopher Columbus learns of maize (corn) from Indians of Cuba
1895 - George Selden patents 1st gasoline-driven car
2007 - Android mobile operating system is unveiled by Google
06 November
1851 - Charles H Dow was born, co-founded Dow Jones/1st editor of Wall St Journal
1923 - Col Jacob Schick patents 1st electric shaver
Agenda
November 2022:
22 - 23: 12th Iberoamerican VLB Symposium Brewing & Filling Technology 2022 (Uberlandia, Brazil)
December 2022:
06 - 08: 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)
16 - 18: Great British Beer Festival Winter 2023 (Burton Town Hall, Burton-on-Trent, UK)
20 - 23: Beer & Food Attraction 2023 (Rimini, Italy)
March 2023:
07 - 09: Expo Antad & Alimentaria Mexico 2023 (Expo Guadalajara, Jalisco, Mexico)
08 - 11: Festival Brasileiro da Cerveja 2023 (Blumenau, Brazil)
24 - 26: St Malo Craft Beer Expo 2023 (St Malo, France)
April 2023:
02 - 06: 15th International Trends in Brewing 'Beer & Society' 2023 (Leuven, Belgium)
06 - 08: KIBEX 2023 (Seoul, South Korea)
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)
22 - 28: Budapest Beer Week 2023 (Budapest, Hungary)
22 - 23: The Brewers of Europe Forum 2023 (Prague, the Czech Republic)
25 - 27: InnBrew 2023 (Barcelona, Spain)
30 - 01 June: Beviale Mexico 2023 (Mexico City, Mexico)
June 2023:
01 - 04: Wiener Bierfest 2023 (Vienna, Austria)
05 - 06: Tallinn Craft Beer Weekend 2023 (Tallinn, Estonia)
13 - 14: IGC Grains Conference 2023 (London, UK)
August 2023:
10 - 12: VIETFOOD & BEVERAGE - VIETNAM 2023 (Saigon Exhibitions and Conventions Center, 799 Nguyen Van Linh Street, District 7, HoChiMinh City, Vietnam)
News Articles
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North America: Canadian barley price direction driven largely by feed complex
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At the moment, Canada’s barley price direction is being driven to a large extent by the feed complex, RMI Analytics reported earlier in November.
Feed
...More info on site
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USA, TX: Diageo acquires Texas craft distiller Balconies Distilling
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Diageo announced on November 2 it has acquired Balcones Distilling (‘Balcones’), a Texas craft distiller and one of the leading producers of American Single Malt Whisky in the United States.
Founded in Waco, Texas in 2008, Balcones is a celebrated player in the emerging whisk(e)y movement in Texas, with a diverse portfolio of award-winning super premium and above whiskies, including Texas “1” American Single Malt, Lineage American Single Malt and Baby Blue Corn Whisky. Balcones embraces Texas’ intense heat as well as its temperature fluctuations to create whiskies with differentiated flavours. The team also leverages distinctive high quality, and often locally sourced, original ingredients, including Texas-grown malted barley and roasted blue corn, to produce a range of highly decorated whiskies.
The super-premium and above whisk(e)y segment has seen consistent volume growth in the US in recent years, with a compound annual growth rate (CAGR) of 13.3% from 2016 to 2021. Within that, American Single Malt Whisky has been a driver of momentum, with 18.2% CAGR over the same period, Diageo said.
Claudia Schubert, President, Diageo North America, commented: “We are delighted to welcome Balcones Distilling into Diageo. The Balcones team are true innovators and pioneers in the emerging American Single Malt and Texas
...More info on site
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USA, CO: Public Offering Brewing Co. to hold grand opening celebration on November 18
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Public Offering Brewing Co. (1736 South Broadway Denver, CO 80210) is pleased to announce the brewery’s grand opening celebration on Friday, Nov. 18 – Sunday, Nov. 20. The weekend-long bash will include a variety of Public Offering beers, food trucks, as well as brewery tours and live music from Lola Rising on Saturday, November 19, Brewbound.com reported.
For Public Offering Founder Cody Higginbottom, the stop-and-go nature of the past few months has been grueling but now he’s excited to open the brewery to the public and see his dream come to reality.
“It’s a huge relief to feel like we finally have some sense of control over our own destiny. The support, love and patience that our friends, family and surrounding neighbors and community have shown us the past several months has been amazing and it’s really helped us carry on,” says Higginbottom. “There’s been so much anticipation from everyone, including our team, for our opening, so we’re ecstatic that we finally have the opportunity to share what we’ve been building the past several years.”
Like its name, the brewery seeks to offer up its space and labor of love to its beer-loving community. On Saturday, Nov. 19, the brewery will be hosting
...More info on site
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USA, WI: Foxtown Brewing coming to downtown Milwaukee
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A new brewery is coming to downtown Milwaukee. Foxtown Brewing, based out of Mequon, will be opening a new facility on the vacant riverfront site near St. Paul and Plankinton, TMJ4 reported on November 2.
According to a news release, it will be adjacent to the proposed dog park in that area.
In announcing the news of the new development, Foxtown Brewing also announced itself as a title sponsor of the Downtown Dog Park.
"When we learned about the dog park project, we began exploring the larger opportunity to develop a true ‘dog district’ where people and their pets can gather along the river at the nexus of where the Historic Third Ward and Downtown meet,” said Tom Nieman, President of Fromm Family Pet Food. "We see this as a natural fit for us and a game changer for the City of Milwaukee.”
The new facility will be multiple stories and will house a taproom, distillery, and restaurant with large pet-friendly outdoor spaces that will overlook the river. There will also be a rooftop patio and balcony.
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World: Barley production forecast increased to 150.4 mln tonnes
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A few minor adjustments to barley production (Russia and EU-27 up; Argentina down) raises slightly the overall global barley production forecast for 2022/23 to
...More info on site
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Nigeria: Guinnes Nigeria sees 11% revenue growth in Q1 ended September 30
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Guinness Nigeria, a subsidiary of Diageo Plc, has posted a revenue growth of 11 per cent to N52.8 billion for its first quarter (Q1)
...More info on site
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EU & UK: Volatility returns to barley markets this week
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Volatility returned this week to European barley markets with Russia’s exit and then re-entry into the Ukrainian grain corridor agreement, RMI Analytic said in
...More info on site
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Ireland: Stout sector heavily impacted by pandemic but recovery now underway
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Ireland's stout sector was heavily impacted by the COVID-19 pandemic, with production and domestic sales down between 2019 and 2021, but recovery is now
...More info on site
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Australia: Malting barley exports total 875,107 tonnes in 2021-22
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Australia exported 875,107 tonnes of malting barley, 7,196,296t of feed barley and 2,242,473t of sorghum in 2021-22 (Oct-Sep), the Grain Central reported on November
...More info on site
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Tanzania: Local farmers gain from Serengeti Breweries cereal deal
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Serengeti Breweries Ltd sourced about 18,000 tonnes of locally-grown cereals including sorghum, barley and maize in 2021 to produce beers and spirits in its plants located in Dar es Salaam, Moshi and Mwanza, The Citizen reported on November 4.
The brewer’s agricultural programme is one of the climate-related initiatives which seek to sustain communities in which the brewer operates or sources the raw materials.
Under the system, the firm said, farmers are provided with technical assistance such as soil testing, free seeds and support to access credit, among others, while the firm also assures to buy the produces after harvesting.
“I have come a long way to expand my farm from around 30 acres to nearly 500 acres in about six years, thanks to the Serengeti programme,” said a barley farmer Mwinyi Makame from Basutu in Hanang district, Manyara region.
“The extension services, modern seeds and other things we get are practically useful,” he said, adding that farming has made him to send kids to school, build modern houses and open other businesses.
Other climate-related initiatives by the brewer include water supply to needy communities and tree planting to ensure environmental sustainability. The agriculture programme has boosted farmers’ incomes, contributing to national economic growth through
...More info on site
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Serbia: Carlsberg Serbia appoints new CEO
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The Serbian unit of Danish brewer Carlsberg said it has appointed Pavel Erankevich its new chief executive officer (CEO), the SeeNews reported.
Starting November 1, Erankevich is taking over from Vladimir Vavu who served as CEO for the past six years, the Ekapija news outlet reported on Tuesday.
Prior to his new appointment, Erankevich was vice president of commercial operations for central and Eastern Europe at Carlsberg Group.
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