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E-Malt.com Newsletter 45a
November 07 - November 09, 2022
Quote of the Week
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Epictetus
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Currency Rates
Base Currency: US Dollar
on November 09, 2022 |
Base Currency: Canadian Dollar
on November 09, 2022 |
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1 USD = 0.9970 EUR
1 USD = 0.8688 GBP
1 USD = 1.3473 CAD
1 USD = 1.5417 AUD
1 USD = 146.1550 JPY
1 USD = 5.1570 BRL
1 USD = 61.2319 RUB
1 USD = 7.2467 CNY
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1 CAD = 0.7421 USD
1 CAD = 0.6448 GBP
1 CAD = 0.7399 EUR
1 CAD = 1.1441 AUD
1 CAD = 108.4640 JPY
1 CAD = 3.8271 BRL
1 CAD = 45.4415 RUB
1 CAD = 5.3779 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Drinks giants at war over the meaning of “beer”
...Click here
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Canada: Beer Canada disappointed by government’s Fall Economic Statement
...Click here
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USA, NY: Montauk Brewing Company acquired by leading cannabis company Tilray Brands
...Click here
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Canada, ON: Wave of consolidation in Ontario’s craft beer industry becoming a flood
...Click here
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USA, PA: Philadelphia’s first Black-owned brewery Two Locals Brewing Co. hopes to open own facility in summer 2023
...Click here
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USA, PA: The Dead Canary Brewing Company officially opens in Philipsburg
...Click here
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Canada, AB: Asymmetrical Brewing joins Edmonton’s beer scene
...Click here
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USA, IL: Shoehorn Brewing to open in Belleville by early 2023
...Click here
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USA, IL: Hop Butcher for the World getting ready to launch in Chicago on November 10
...Click here
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World: Analysts expect tight malt supplies, boost to beer consumption by FIFA World Cup in Q4
...Click here
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World: China, Germany report increase in January-September beer volumes
...Click here
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The Philippines: San Miguel Brewery reports double-digit increase in January-September net income
...Click here
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Italy: Number of craft breweries triples in the last ten years
...Click here
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Malaysia: Heineken Malaysia sees Q3 net profit double to RM108.74 mln
...Click here
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EU: Barley production forecast to slightly decrease in 2022/23
...Click here
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World: Improving barley situation takes turn for the worse
...Click here
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Australia: Concern for barley crop keeps growing as wet conditions prevail on east coast
...Click here
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UK: Carlsberg planning to sell Eagle Brewery to Spanish brewer SA Damm
...Click here
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Australia: Australia’s third largest brewer Coopers records 3.5% decline in beer sales in the 12 months to June 30
...Click here
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The Czech Republic: Budějovický Budvar joins other brewers in price hikes
...Click here
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Russia: Putin approves secret deal to smuggle Scotch whisky into Russia
...Click here
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Qatar: AB InBev stocking up for beer drinking bonanza during World Cup in Qatar
...Click here
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Graph of the Week
Table of the Week
Barley and Wheat Usage by UK Maltsters, Brewers, and Distillers
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
07 November
1865 - London Gazette, oldest surviving journal, is founded
1867 - Marie Curie is born, French Scientist, discovered radium, Nobel 1903, 1911
1929 - The stock market sludges through a day of murky panic, as 2.4 million shares trade in the first half-hour, one of the heaviest openings yet on record
08 November
1789 - Bourbon Whiskey, 1st distilled from corn (by Elijah Craig, Bourbon Ky)
1793 - Louvre opens in Paris
09 November
1731 - Benjamin Banneker, the brilliant African-American mathematician and inventor, is born on a farm in Ellicott's Mills, Md
1801 - Gail Borden, Jr. is born to Gail and Philadelphia Borden in Norwich. After a decade of constant experimentation with preserving food, Borden is awarded is awarded a U.S. patent for condensed milk in 1856
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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Canada: Barley markets extremely firm
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Canadian barley markets are extremely firm. Production is up from 7 to 9.5 mln tonnes, forecast domestic feed demand up from 4.3 to 6.0
...More info on site
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USA: Drinks giants at war over the meaning of “beer”
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A New York court has refused to throw out AB InBev’s legal case against Constellation Brands, meaning that the two drinks titans remain at loggerheads over the definition of the term ‘beer’, The Drinks Business reported on November 7.
What is beer? It was defined as early as 1516 in Bavaria’s Reinheistsgebot, the famous purity law which classified it as a beverage produced solely from water, barley and yeast.
Since then every significant dictionary has provided its own description, and various national excise laws have further underpinned the definition of probably the world’s most popular brewed beverage.
But seemingly none is sufficiently specific to satisfy two of the world’s biggest drinks group, Anheuser Busch InBev, the Number one brewer, with a stock market value of around US$90 billion, and Constellation Brands, the leading US drinks producer, valued at US$45 billion.
The two are locked in what could become multi-billion dollar lawsuits over the use of the Corona and Modelo Mexican beer brand names in the US.
Back in 2013, AB InBev was allowed to complete one of the biggest beer takeovers to date when it bought the remainder of Mexico’s Modelo group that it did not already own. The US trade regulators approved the
...More info on site
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Canada: Beer Canada disappointed by government’s Fall Economic Statement
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Brewery trade organization Beer Canada has expressed its concern that the Fall Economic Statement 2022, released on November 3 by the Government of Canada, “fails to address the strong consensus recommendation from brewers, hospitality, tourism, and labour unions to freeze beer taxes in recognition of today’s challenges and the current unique business environment.”
“It is extremely disappointing and frustrating that [the] update has no measure to address next year’s looming federal tax increase on beer”, said CJ Hélie, President of Beer Canada, in a statement. “A further inflation-indexed tax hike on beer next year will impose unnecessary and willful harm on Canadian consumers, the hospitality sector and Canadian brewers of all sizes.”
Federal alcohol excise duties automatically increase each year on April 1st based on a Consumer Price Index (CPI) inflation-indexing formula determined the previous September. In 2023, these duties are set to increase by 6.3%, the largest jump since the formula was introduced in Budget 2017.
“Tying beer taxes directly to CPI inflation creates a vicious upward spiral,” added Hélie. “A 6.3% tax increase that is further magnified by provincial beer and sales taxes will place upward pressure on consumer beer prices already rising due to increased production costs, and these higher
...More info on site
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USA, NY: Montauk Brewing Company acquired by leading cannabis company Tilray Brands
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The leading cannabis company Tilray Brands, Inc. has expanded its United States footprint and acquired a popular beer brewery in Metro New York, the Mugglehead Magazine reported on November 7.
On November 7, the firm announced the acquisition of Montauk Brewing Company for an undisclosed amount which sells its products to retailers such as Target, Whole Foods, Trader Joe’s, Walmart, 7-Eleven, Costco among others.
The company aims to take advantage of its infrastructure, operations and brands across beer, spirits, and snack-food categories to move into THC-based products upon federal legalization.
Tilray says the addition of Montauk Brewing will strengthen its net revenue and adjusted earnings before interests, taxes and depreciation.
The company also owns the SweetWater Brewing Company which is one of the largest craft brewers in the United States. It also owns the Alpine and Green Flash iconic Southern California brands and the bourbon and spirits brand Breckenridge Distillery.
Tilray also created a new position overseeing brewery and beer operations in the country and appointed Ty H. Gilmore as president of its beer business segment. He was previously an executive vice president for Glazer’s Beer and Beverage where he oversaw operations across 11 distributors in the south.
Tilray CEO Irwin D. Simon said the company
...More info on site
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Canada, ON: Wave of consolidation in Ontario’s craft beer industry becoming a flood
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The wave of consolidation in Ontario’s craft brewery industry is becoming a flood — and experts say repeated COVID lockdowns are only partly to blame, The Record reported on November 4.
In the last two weeks alone, two breweries have been bought, and two others have come together in a “strategic alliance” that will see them share sales, distribution, and some brewing operations.
A slump in draft sales during the global COVID-19 pandemic hit an industry that was already being flooded with new breweries, fickle consumers, and competition from prepackaged cocktails and hard seltzers, industry experts said.
Supply chain woes and increased ingredient costs have also hurt, said Todd Lewin, a board member at the Ontario Craft Brewers Association, and part owner of Muskoka Brewery.
“I think the craft industry was challenged going into the pandemic and the tough past two years just accelerated that,” said Lewin, whose brewery announced this week that it’s buying Rally Beer Co., a “functional beer” brand which had been brewed under contract at Toronto’s Brunswick Bierworks.
Henderson Brewing, based in the Junction Triangle neighbourhood, announced this week that it’s teaming up with Beamsville-based Bench Brewing in an alliance which will see both sides share sales and distribution. Henderson’s main
...More info on site
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USA, PA: Philadelphia’s first Black-owned brewery Two Locals Brewing Co. hopes to open own facility in summer 2023
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Two Locals Brewing Co., Philadelphia’s first Black-owned brewery, has signed a lease for a brewery and taproom at uCity Square, a mixed-use development on the Drexel University campus at 37th and Market Streets in University City, the Philadelphia Inquirer reported on November 7.
Brothers Richard and Mengistu Koilor, whose beers are now being contract-brewed out of Mainstay Independent Brewing in Northern Liberties, hope to open in summer 2023.
The Koilors are working with Wexford Science & Technology to develop the space, which has not had a tenant since it was completed in 2018. The nearly 6,000 square feet will house a 15-barrel brew house, typical of a medium to large brew pub, that will be visible from 37th Street. The taproom entrance will be midblock, closer to Filbert Street.
The Koilors said Wexford was helping with the build-out. Besides bootstrapping the project, they have an investor and hope to obtain a loan from the PIDC.
Two Locals’ beer list — now two — will expand to include 12 taps. They will also sell Pennsylvania wines, ciders, and spirits. The menu will feature bar food plus a weekly dish inspired by the brothers’ Liberian and Jamaican heritage. Mengistu, 42, moved from Liberia to Philadelphia when
...More info on site
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USA, PA: The Dead Canary Brewing Company officially opens in Philipsburg
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After more than eight decades, Philipsburg again has a working, brewing brewery, StateCollege.com reported on November 5.
On Oct. 29, the doors were officially opened to the public at The Dead Canary Brewing Company.
Housed in the restored Hoffer Building at 5 N. Front St., the micro-brewery’s owners said they hope to fill a void that has been missing in town, and build a sense of community.
Head brewer Brent Baskin told Town&Gown Magazine in September that he saw first-hand what a brew pub can mean to a small community in his hometown of Perkasie in Bucks County.
“I fell in love with beer because a craft brewery opened up there. It took me a while to realize what this feeling was because there was never anything in this town that I was proud of or something that I just had to tell my friends about before — but that brewery made me want to do that. It made me excited to bring people there and show them this thing in the town I grew up in,” said Baskin.
“So, part of it is hoping that the same sort of thing happens here. That people get excited and they have something to be proud of.
...More info on site
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Canada, AB: Asymmetrical Brewing joins Edmonton’s beer scene
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Asymmetrical Brewing launched in Edmonton on November 8, the Daily Hive reported.
This highly-anticipated space has been renovating its new space for over a year. Offering craft beer, craft soda, and a menu of small bites, this is an all-ages, family-friendly space that aims to be one of the best breweries in YEG.
Expect beers of all different styles, like pale ales, IPAs, sours, and more, labelled behind the super long bar. Beers like the Caramel Malted Ale and Resurrection Cream Ale sound so delicious.
It won’t be all beer, either, which makes sense because this is a family-friendly brewery and taproom. There will also be hand-crafted sodas made in-house, something super cool for YEG.
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USA, IL: Shoehorn Brewing to open in Belleville by early 2023
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Shoehorn Brewing will open at 225 E. Main St. in downtown Belleville by early 2023, with homebrew shop Down the Hall Homebrew also moving in and sharing the 3,800-square-foot building with the brewery and taproom, the Sauce Magazine reported on November 7.
Co-owner Mike Johnson is an experienced homebrewer, but Shoehorn Brewing represents his first move into operating a full-time, customer-facing brewery. Johnson is opening the brewery with Jeremy Hall of Down the Hall Homebrew. Down the Hall is already open in the same 1890s-era building as Shoehorn Brewing, having relocated earlier this year from its original location at 122 E. Main St.
“The first third of the building is the homebrew store, and the back two-thirds are the taproom and brewhouse,” Johnson said. The brewery and taproom will have space for around 70 customers indoors, with a patio expected to seat an additional 50 guests.
Johnson said that Shoehorn is aiming to stock up to 20 beers on draft. “We’ll see how many we can get filled,” he said. “All of our own stuff, or collaborations, is a long-term goal.” The range of beers should offer something to suit everyone’s tastes, from lagers, IPAs and pale ales to stouts and a
...More info on site
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USA, IL: Hop Butcher for the World getting ready to launch in Chicago on November 10
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A North Center brewery space that endeared itself to beer lovers for more than a decade will roar once again. The former Half Acre Beer Co. brewpub has been quiet since October 2021 as its new tenants prepared to take over. That wait is over as Hop Butcher for the World opens its doors on Thursday, November 10 at 4257 N. Lincoln Avenue, the Eater Chicago reported on November 7.
The deal was simple: Half Acre needed to downsize and Hop Butcher, which had been around since 2014, needed a space. There will be 14 beers on tap, plus coffee from Metropolis, and other non-alcoholic options, including sparkling tea.
Half Acre was a pioneering brewpub that found a niche as a neighborhood beer bar. They even had food from an accomplished chef, Nick Lacasse, who created tasty burritos and unique nachos made with “science cheese.” Hop Butcher’s Jeremiah Zimmer writes, via email, that the taproom is only for beer and drinks for now. There’s a chance to bring back food in the future, but nothing concrete.
When Half Acre opened their larger Balmoral Brewpub in 2017, most of their energy shifted north. The space has remained dormant since the March 2020 COVID suspension
...More info on site
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World: Analysts expect tight malt supplies, boost to beer consumption by FIFA World Cup in Q4
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World’s major brewers released recently their financial performance data for Q3 2022, and the results pointed out to the fact that a continued beer
...More info on site
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World: China, Germany report increase in January-September beer volumes
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Chinese beer output totalled 31.0 mln hl in September, plus 5.1% y/y; January-September output was 294.8 mln hl, plus 1.4% y/y, H. M. Gauger
...More info on site
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The Philippines: San Miguel Brewery reports double-digit increase in January-September net income
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San Miguel Brewery Inc. (SMB), the flagship beer business of San Miguel Corp. (SMC), reported a double-digit increase in its net income for the
...More info on site
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Italy: Number of craft breweries triples in the last ten years
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100% made in Italy beer is increasingly popular. In the last ten years, craft breweries have tripled and today there are 1,085. Of course,
...More info on site
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Malaysia: Heineken Malaysia sees Q3 net profit double to RM108.74 mln
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Heineken Malaysia Bhd's net profit for the third quarter ended Sept 30, 2022 (3QFY22) doubled to RM108.74 million from RM51.02 million in the same
...More info on site
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EU: Barley production forecast to slightly decrease in 2022/23
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The EU-27 barley production is forecast to total 51.464 mln tonnes in 2022/23, slightly down from 51.973 mln in 2021/22 and considerably below the
...More info on site
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World: Improving barley situation takes turn for the worse
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The correction downward from the record high barley price levels has run into resistance as the improving barley situation has taken a turn for
...More info on site
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Australia: Concern for barley crop keeps growing as wet conditions prevail on east coast
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Wet conditions continue to prevail on Australia’s east coast with no break from the steady rains which are delaying harvest and raising concerns about
...More info on site
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UK: Carlsberg planning to sell Eagle Brewery to Spanish brewer SA Damm
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Carlsberg Marston’s Brewing Company (CMBC) is planning to sell the Eagle Brewery, Bedford to Spanish brewer SA Damm (Damm) for an undisclosed sum, the
...More info on site
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Australia: Australia’s third largest brewer Coopers records 3.5% decline in beer sales in the 12 months to June 30
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The lingering impacts of the COVID pandemic continue to impact Coopers, but the company says it is ‘cautiously optimistic’ for the year ahead as
...More info on site
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The Czech Republic: Budějovický Budvar joins other brewers in price hikes
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November brought another increase in the price of Czech beer. Budějovický Budvar joined the producers who increased the price for a pint, it can mean two crowns more, the Prague Morning reported on November 7.
Energy prices have increased almost fourfold for the České Budějovice brewery. That is why it has increased beer prices by about ten percent since November.
“The main reason for this is energy prices and prices of packaging material, prices of hops and prices of malt in particular, we expect them to go up again by tens of percent,” described the director of Budějovický Budvar Petr Dvořák.
The price of a pint has risen by about two crowns, but in some pubs the increase may be even higher. They also plan to increase the price by other costs.
“It is electricity, gas and other things that cannot be reflected in the two crowns. Pubs have to charge more. If they can go up at all, because the loss of guests is already rapid,” said Jan Dobiáš, owner of the Zlatá Hvězda restaurant.
Even establishments that pour other beer brands into pints have had to increase their prices.
The largest Czech brewery Plzeňský Prazdroj has also raised prices, by an average of CZK
...More info on site
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Russia: Putin approves secret deal to smuggle Scotch whisky into Russia
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Vladimir Putin has approved a secret deal for Scotch whisky to be smuggled into Russia, amid its ongoing invasion of Ukraine, the Mirror reported on November 6.
The Kremlin boss has dodged an exports ban with the new deal that allows popular brands such as Bell’s, Johnnie Walker and Macallan across the border into Russia via a process called parallel imports.
Alternatively known as ‘the grey market’ it means goods can be supplied without the consent of the manufacturer, owner, or licence holder to get them into the former Soviet Union.
This sneaky backdoor into trading already covers around 200 big brands including Apple, Marvel, Disney Pixar and DC Comics.
But the Russian leader is now trying to get brands like Aberlour, Bowmore, Lagavulin and more onto the list, the Daily Record reports. Other products like Jägermeister, Jack Daniel’s, Jim Beam and Malibu are also being sought for import.
All were widely available in Russia until the country launched its brutal invasion of Ukraine and manufacturers announced the suspension of supplies.
Governments across the world including the UK, the US and the EU have slapped punishing sanctions on Russia and stopped or severely limited trade with the now largely pariah state.
Over a 1000 foreign firms also
...More info on site
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Qatar: AB InBev stocking up for beer drinking bonanza during World Cup in Qatar
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The King of Beers is taking over Qatar, Bloomberg reported on November 7.
The signs started appearing early this year: At the Qatar Distribution Company — the only alcohol retailer in the conservative Muslim country — a massive poster with Budweiser branding featuring Lionel Messi was plastered across the entrance. Then more of Doha’s bars and restaurants started offering Budweiser on tap, a new choice in a city of Heineken draughts.
Anheuser-Busch InBev Worldwide has operated within the confines of Qatar’s strict alcohol laws for years without fanfare. Now executives are delicately seeking to maximize the return on investment of Budweiser’s World Cup sponsorship contract, in a place with where local Qatari officials came close to barring alcohol from the tournament events entirely.
Stocking up for the FIFA 2022 World Cup, which starts Nov. 20, has been a monumental undertaking for the World Cup’s official beer. The beverage brand expects more beer will be consumed during the tournament than would typically happen during an entire year in the country, according to Peter Kraemer, AB InBev’s chief supply officer.
Without breweries in the region, the company had to ship its product to Qatar by ocean freight, then find refrigerated warehouse space to protect from the
...More info on site
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