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E-Malt.com NewsLetter
Newsletter Summary

RombBullet Quote of the week
RombBullet Currency rates
RombBullet Brewers equities
RombBullet Industry news
RombBullet Graph of the week
RombBullet Table of the week
RombBullet Prices evolution
RombBullet Barley prices
RombBullet Theoretical malt prices
RombBullet Business history
RombBullet Agenda
RombBullet News articles






Last five graphs

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E-Malt.com Newsletter 50a
December 12 - December 14, 2022


Quote of the Week

A little bit of beer is divine medicine.
Paracelsus, Greek physician

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Currency Rates


Base Currency: US Dollar
on December 14, 2022
Base Currency: Canadian Dollar
on December 14, 2022
      1 USD = 0.9449 EUR
1 USD = 0.8115 GBP
1 USD = 1.3588 CAD
1 USD = 1.4690 AUD
1 USD = 136.6200 JPY
1 USD = 5.3035 BRL
1 USD = 63.0077 RUB
1 USD = 6.9641 CNY
      1 CAD = 0.7359 USD
1 CAD = 0.5971 GBP
1 CAD = 0.6953 EUR
1 CAD = 1.0810 AUD
1 CAD = 100.5320 JPY
1 CAD = 3.9026 BRL
1 CAD = 46.3643 RUB
1 CAD = 5.1245 CNY

Currency Rates Chart


Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Brewery news Mexico: Grupo Modelo raises prices, citing inflation ...Click here
Brewery news USA, MN: Gambit Brewing Company hoping for mid-January opening in St. Paul ...Click here
Brewery news USA, OH: The Lot Beer Co. already open in the Granville area ...Click here
Brewery news USA, OR: Obelisk Beer Co. launches in Astoria, Oregon ...Click here
Brewery news USA, NC: Charlotte brewery on tap for Charlotte’s Urban District Market ...Click here
Brewery news USA, WI: Jacob Leinenkugel Brewing Company to open a brewery at American Family Field in Milwaukee ...Click here
Brewery news USA, WA: Darach Brewing opens its doors in Bellingham ...Click here
Brewery news Canada, BC: Mile Zero Brewing launches in Metchosin ...Click here
Brewery news USA: Judge rejects Grupo Modelo’s request to hold Constellation Brands liable for selling Corona-branded hard seltzer without permission ...Click here
World News
Brewery news World: January-October beer sales up in China, Germany, decline in the US ...Click here
Brewery news Japan: Beer and quasi-beer sales down 8% in November ...Click here
Barley news World: Brewers in Europe and Africa facing biggest pressures on input costs - analysts ...Click here
Brewery news World: Budweiser setting its sights on being the "King of Non-Alcoholic Beers" ...Click here
Barley news World: Barley world markets estimates more or less unchanged in November ...Click here
Brewery news Thailand: Recent easing of restrictions on small breweries still seen as protection for dominant players ...Click here
Brewery news India: Craft beer maker Bira 91 becomes legal entity ahead of initial public offering ...Click here
Brewery news Cameroon: Brewer SABC rebrands, launches 5-year investment program ...Click here
Barley news Ukraine: Ukraine exports 1.5 mln tonnes of barley in 2022/23 season ...Click here
Graph of the Week


Table of the Week

World Barley Supply & Demand


Table of the week.

Prices Evolution

Prices evolution

Barley Prices



Theoretical Malt Prices



These Days in Business History


12 December
1858 - Bank of the US opens
1858 - Washington DC established as capital of US
1878 - Joseph Pulitzer begins publishing "St Louis Dispatch"
1901 - Marconi receives 1st transatlantic radio signal, England to US
1991 - Maastricht Treaty signed to create a European Community

13 December
1789 - England & Russia sign trade agreement
1789 - 1st loan to U.S. Government (from New York City banks)
1898 - Hannibal Goodwin patents celluloid photographic film
1983 - British Airways incorporates

14 December
1503 - Nostradamus [Michel de Nostre-Dam] French astrologist/prophet is born
1911 - South Pole 1st reached, by Norwegian Roald Amundsen
1960 - Organization for Economic Cooperation & Development (OECD) forms
1967 - DNA created in a test tube


Agenda

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)
23 - 25: Brewer World Conclave 2023 (Bengaluru, India)

March 2023:
07 - 09: Expo Antad & Alimentaria Mexico 2023 (Expo Guadalajara, Jalisco, Mexico)
08 - 11: Festival Brasileiro da Cerveja 2023 (Blumenau, Brazil)
15 - 16: BeerX 2023 (Liverpool, UK)
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)
22 - 23: Zythos Beer Festival 2023 (Kortrijk, Belgium)

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)
12 - 13: Copenhagen Beer Festival 2023 (Copenhagen, Denmark)
18 - 21: Mondial de la Biere 2023 (Montreal, Canada)
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)
30 - 01 June: Craft Beer China 2023 (Shanghai, China)

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)

October 2023:
10 - 12: International Beer Strategies Conference 2023 (Berlin, Germany)

November 2023:
14 - 16: Brau Beviale 2022 (Nuremberg, Germany)

More events are available on site e-malt.com

News Articles


Brewery news Mexico: Grupo Modelo raises prices, citing inflation
With more than 10 beer brands in the market, Grupo Modelo announced prices hike as from December 12 owing to inflation, the National Small Business Association (ANPEC) reported.

Among the beers affected are labels like Corona, Modelo, Pacífico, Modelo Especial, Victoria, Negra Modelo, Montejo and León. Information about the new price tags was not available by the time this article was written.

With an average consumption of 55 to 68 litres per year, beer is one of the beverages most consumed by Mexicans. At the same time, it is one of the products inflation has hit the hardest.

According to the national statistics institute, INEGI, beer prices in México rose 11.7% in October — the beverage’s largest variation in prices in more than 12 years. While national inflation reached 8.5%, the INEGI data shows that the price of beer has increased at a faster rate than inflation in the last four months.

Globally, beer has also been affected by inflation. According to the Beer Index (carried out by investment firm eToro), the cost of beer production has increased 62% in the last two years. Prices of goods like water, malt, sugar, yeast and hops have skyrocketed along with prices of aluminum (to produce the ...More info on site


Brewery news USA, MN: Gambit Brewing Company hoping for mid-January opening in St. Paul
Downtown St. Paul, which has lost a few breweries in the past few years, is getting a new one in Gambit Brewing Company, Yahoo News reported on December 9.

Gambit will occupy the space formerly occupied by 12welve Eyes Brewing in the Pioneer Endicott building on Fourth Street between Robert and Jackson streets.

Owner Josh Secaur brewed for three years at Bobtown Brewery, a brewpub in Roberts, Wis. He said he’d been looking for a space of his own and couldn’t turn down the turn-key brewing operation left behind by 12welve Eyes.

“It turned into something we really couldn’t say no to,” Secaur said.

Secaur said he loves the layout of the 94-seat, garden-level space, so he won’t change that but will make some changes to the aesthetics.

“We’re just going to cozy it up, make it a little more of a speakeasy, loungey, laid-back vibe,” he said.

As for beers, Secaur said that coming from the brewpub world, he’s used to creating a wide variety of beer, and he’ll continue on that trajectory.

“We want this to be a gathering space for the building and the community,” he said. “We’ll let them drive what the tap list ends up as.”

He’s hoping to book food trucks in ...More info on site


Brewery news USA, OH: The Lot Beer Co. already open in the Granville area
A new brewery and restaurant offers the Granville area a hint of nostalgia while also bringing a different energy to the village, The Newark Advocate reported on December 13.

The Lot Beer Co., opened in early November at 140 N. Prospect St., the former home of Three Tigers Brewing Co.

Owner Trent Beers, who also owns Seek-No-Further Cidery in the village, said he wanted to create a chill, laid-back spot where people could go to dinner as well as have something to do. The restaurant features roughly a dozen classic arcade video games as well as pinball machines and Skee-Ball.

"It's like kind of a higher energy, fun evening, you know, with friends and family with great house-made beer and a fun, nostalgic menu," Beers said.

Beers said he wants The Lot's atmosphere to feel like tailgating before a concert or a football game.

"It's the idea of hanging out, having hotdogs and hamburgers, having a beer and having a chill time," he said.

The concept, Beers said, came from him being nostalgic for Three Tigers, which moved into its new home across the street in the spring. He said there were a few parties interested in the space, but they would have gutted it.

"It was ...More info on site


Brewery news USA, OR: Obelisk Beer Co. launches in Astoria, Oregon
One of the last in the most anticipated upcoming new breweries of 2022 has now opened with Obelisk Beer Co.’s recent launch in Astoria, Oregon. The new brewery announced back in July 2021 is from former Fort George Brewery team members David Coyne and Nathan Lampson will focus on beers that split between quaffable lagers, farmhouse ales and pales against the burly barrel-aged beers and mixed culture oak fermented sours that Coyne became known for at Fort George, the New Schoold Beer + Cider reported on December 7.

“I hope to add to the tasty beer that’s already being made in Astoria, and continue to push the innovation, community, creativity, and quality,” says David Coyne about his mission with Obelisk Beer Co.. “I’m eager to bring in some non-stainless vessels and to start aging our slow beer that we’re so passionate about. I also want to spread the good word of natural carbonation and sessionable beers.”

Finding a good space for yet another brewery in the already dense small coastal town of Astoria, Oregon was always going to be a challenge, but Lampson and Coyne lucked upon the perfect spot at 598 Bond St. The building shares a lot with Bank of ...More info on site


Brewery news USA, NC: Charlotte brewery on tap for Charlotte’s Urban District Market
A Charlotte brewery is on tap for the owners of Seoul Food Meat Co., WSOC TV reported on December 10.

Husband-and-wife team Tim Chun and Lisa Kamura expect to open LaBARatory as part of the Urban District Market in the first quarter of next year. It will be at 2315 N. Davidson St., just north of uptown.

The roughly 3,000-square-foot brewery will be neighbors with the couple’s recently opened 15,000-square-foot location of Seoul. Both are part of the Lintmen’s adaptive-reuse project.

“We plan on being something Charlotte doesn’t have,” Chun says. “We’re trying to introduce people to new things.”


Brewery news USA, WI: Jacob Leinenkugel Brewing Company to open a brewery at American Family Field in Milwaukee
Chippewa Falls-based Jacob Leinenkugel Brewing Company will open a brewery, bar and restaurant at American Family Field in the former Restaurant to be Named Later space in left field, the Milwaukee Brewers announced on December 12. The space was originally occupied by Friday’s Front Row Sports Grill.

The space will be fully renovated and the new establishment, to be known as J. Leinenkugel’s Barrel Yard, will open in March of 2023.

The working brewery will feature specialty beer brewed onsite by the master brewers at Leinenkugel’s, as well as a full-service bar and restaurant experience.

Leinenkugel’s Barrel Yard will feature a three-barrel brewing system, visible upon entry. The brewing equipment is designed to craft specialty beers that will be available only at American Family Field.

Fans will enter through newly constructed garage doors that provide a wider space to connect to the ballpark experience. There will be two bars, including one overlooking the field. Both bars will collectively feature 48 beers on tap, in addition to domestic and imports available.

“We are thrilled to reveal J. Leinenkugel’s Barrel Yard at American Family Field, with our valued partners at Molson Coors (Jacob Leinenkugel Brewing Co. is a division of Molson Coors),” said Brewers president – business ...More info on site


Brewery news USA, WA: Darach Brewing opens its doors in Bellingham
Over the weekend, a new brewery opened in Bellingham, Washington. Darach Brewing is a kid- and dog-friendly brewery taproom located on State Street, not too far from Boundary Bay Brewery, a landmark familiar to many beer lovers, the Washington Beer Blog reported on December 12.

“We make farmhouse-inspired beers, focusing on wild and spontaneous fermentation, while also crafting excellent IPAs and dark beers,” says the brewery’s website. “Darach is Gaelic for “oak”, and a large portion of our beers spend time in oak barrels before being released.”

The current beer lineup includes a dry-hopped saison, a dry-hopped American pilsner, a wee heavy, a hazy pale ale, and an imperial stout with cocoa and vanilla, along with a few others.

“In addition to our offerings that we make on-site, Darach Brewing also sells a rotating selection of lagers, ciders, and wine produced by some of our favorite breweries/cideries/wineries in the region. We are family and dog friendly, and offer non-alcoholic drinks for the kiddos, Designated Drivers, and anyone else who wants them. While we do not have a kitchen, we encourage our guests to bring in food or order from any of the fantastic restaurants downtown for delivery.”


Brewery news Canada, BC: Mile Zero Brewing launches in Metchosin
A new nano-brewery and taproom with a “focus on small batch production in order to provide the freshest beer possible” is now open in Metchosin, a small community on the southern tip of Vancouver Island, the Canadian Beer News reported on December 12.

Mile Zero Brewing officially opened on Saturday December 10th, with three core beers – Blonde Ale (4.3% abv), Irish Red Ale (4.2% abv), and Pale Ale (4.3% abv) – as well as the one-off Metchosin Farmhouse Ale (4.3% abv) on tap from samples, pints, and growler fills.

The bar also offers non-alcoholic beverages such as Italian sodas and a selection of teas, and the food menu includes soft pretzels, pizza, shepherds pie, and other items from Urban Forage.

Mile Zero Brewing is located at 4495 Happy Valley Road in Metchosin, and is open Monday to Thursday from 4:30 PM to 8:00 PM, Friday from 2:00 PM to 9:00 PM, Saturday from 11:00 AM to 9:00 PM, and Sunday from 11:00 AM to 8:00 PM.


Brewery news USA: Judge rejects Grupo Modelo’s request to hold Constellation Brands liable for selling Corona-branded hard seltzer without permission
A Manhattan federal judge on December 13 rejected a request from Anheuser-Busch InBev SA's Grupo Modelo to hold Constellation Brands Inc liable for allegedly selling Corona-branded hard seltzer without its permission, Reuters reported.

U.S. District Judge Lewis Kaplan ruled that Modelo is not entitled to an immediate pre-trial win in its trademark case against Constellation, the U.S. distributor of its Corona beer. Kaplan also denied Constellation's bid to end the case early last month.

The decision sets up a jury trial that could turn on how the companies defined the word "beer" in a trademark licensing agreement.

Representatives from Constellation and AB InBev did not immediately respond to requests for comment on December 14.

Modelo filed the lawsuit last year, arguing Constellation's Corona Hard Seltzer breached a licensing agreement and infringed its trademarks. It said the agreement only allowed Constellation to sell beer under the Corona name.

Constellation said the agreement's definition of "beer" also covers hard seltzer, while Modelo said no reasonable jury could find that it encompasses hard seltzer.

Kaplan said on December 13 that Modelo's argument may be stronger, but the agreement's definition of "beer" was still too ambiguous to determine before trial.

"Modelo has more dictionaries on its side of this debate over ...More info on site


Brewery newsWorld: January-October beer sales up in China, Germany, decline in the US
Chinese beer output totalled 18.6 mln hl in October, minus 14.1% % y/y. The January-October volume was 313.0 mln hl, plus 0.6% y/y, H. ...More info on site


Brewery newsJapan: Beer and quasi-beer sales down 8% in November
Beer and quasi-beer sales fell 8 pct from a year before in Japan in November, still reeling from October price hikes, estimates from Kirin ...More info on site


Barley newsWorld: Brewers in Europe and Africa facing biggest pressures on input costs - analysts
Brewers in Western Europe and Africa face the biggest pressures on input costs – with malted barley prices in Europe up 70% on average ...More info on site


Brewery news World: Budweiser setting its sights on being the "King of Non-Alcoholic Beers"
At Budweiser, the "King of Beers" is setting its sights on being the "King of Non-Alcoholic Beers," according to one top beverage analyst, AOL reported on December 12.

"Alcohol-free beer is a key growth segment, with the company continuing to invest behind growth of Budweiser Zero as well as opening the platform for craft breweries as well," Evercore ISI's Robert Ottenstein wrote in a new note.

Ottenstein shared observations from a Beverage Digest presentation he attended last week, where AB InBev management discussed major growth drivers such as non-alcoholic beer and hard seltzers.

"Stigmas behind non-alcoholic [beer] from consumers have been falling, led by Europe but now seeing similar trends in the U.S. as well," Ottenstein added.

The analyst has an Outperform rating on AB InBev with a $70 price target, implying an upside of 17% from current levels.

Budweiser Zero — which contains no alcohol, as its name implies — debuted in the summer of 2020. And that launch was well-timed.

Total dollar sales of non-alcoholic drinks in the U.S. stood at $395 million, up 20.6% year over year, through August of this year, according to data from NielsenIQ. Non-alcoholic beer made up 85.3% of that total sales figure, with a market valued at $328.6 ...More info on site


Barley newsWorld: Barley world markets estimates more or less unchanged in November
USDA and IGC keep their world demand estimates for barley world markets more or less unchanged, close to 30 mln tonnes, H. M. Gauger ...More info on site


Brewery news Thailand: Recent easing of restrictions on small breweries still seen as protection for dominant players
Thailand's recent easing of restrictions on small breweries could crack open a beer market that is essentially a duopoly, but some argue the government still aims to protect the dominant players by opting for less-ambitious measures, the Nikkei Asia reported on December12.

Beer aficionados met at a park outside Bangkok late last month to celebrate the occasion, with small-scale brewing equipment brought in for the event.

"I want to try making something bitter and aromatic," one red-faced attendee said.

Previously, getting a brewery license required at least 10 million baht ($286,000) in capital and annual production of 100,000 to 1 million litres - in other words, a minimum equivalent to nearly 300,000 cans. Both of these hurdles were scrapped with amendments to Finance Ministry regulations implemented Nov. 2.

The looser regulations will make it easier for newcomers to enter the market, encouraging more diversity, said Wichit Saiklao, founder of Chit Beer, a popular brewery. More than 90% of Thailand's beer market is controlled by Boon Rawd Brewery and Thai Beverage, makers of the Singha and Chang brands, respectively.

But craft brewers remain blocked from retail markets, allowed to serve their beers only on the brewery premises. According to Wichit, last month's event technically violated the ...More info on site


Brewery news India: Craft beer maker Bira 91 becomes legal entity ahead of initial public offering
Gearing up for its initial public offering (IPO), craft beer maker Bira 91 has now become a legal entity. As per the company’s regulatory filings, the startup has converted into a public company and renamed itself as B9 Beverages Limited, Inc42 reported on December 12.

The conversion to a public company marks a key milestone in its plans to list on the Indian bourses. Post this, the startup will file its draft red herring prospectus (DRHP) with the market regulator Securities Exchange Board of India (SEBI). In the prospectus, the startup will specify the amount it plans to raise and its financial health.

Meanwhile, the company’ board has given its green light to expand the employee stock options (ESOP) pool. As part of this, a special resolution was passed to increase Bira 91’s existing ESOP pool by 1,566,390 options. The company’s ESOP pool now stands at 3,649,199 options.

Founded in 2015 by Ankur Jain, Bira 91 sells crafted beers and has a presence in 550 towns and cities across 18 countries.

The move to convert to a public company comes weeks after it raised $70 Mn from Japanese beverage conglomerate Kirin Holdings. In August 2021, the startup lapped up around $20 ...More info on site


Brewery news Cameroon: Brewer SABC rebrands, launches 5-year investment program
Brewing Company SABC, formerly known as Société Anonyme des brasseries du Cameroun, announced its rebranding into Société Anonyme des boissons du Cameroun. As part of this new era, the company is also launching a 5-year investment program to inject CFA200 billion into its expansion, Business in Cameroon reported on December 13.

As a reminder, SABC is also expected to conclude the takeover of Guinness Cameroun by the end of this year or early 2023, following the approval of competition authorities. The CFA300 billion deal was officially announced on July 14, 2022.

As of 2023, investments will focus on increasing both SABC and Guinness products in Cameroon, we learned. Specifically, the company will build three new production lines for Guinness products Yaoundé, Garoua, and Bafoussam. According to Stéphane Descazeaud, CEO of SABC, these three lines will have a total annual production capacity of 2.1 million hectoliters.

The investment program launched by the SABC also includes an increase in the production of glass packaging at the Société Camerounaise de Verrerie (Socaver) in Douala. Socaver is another local subsidiary of the Castel Group, which already supplies several brewery companies in Cameroon and abroad. "From 2023, we will increase its production capacity by 25%, then by ...More info on site


Barley news Ukraine: Ukraine exports 1.5 mln tonnes of barley in 2022/23 season
Ukraine has exported almost 19.7 million tonnes of grain so far in the 2022/23 season, down 31.5% from the 28.7 million tonnes exported by the same stage of the previous season, agriculture ministry data showed on December 14.

The volume included around 7.3 million tonnes of wheat, 10.8 million tonnes of corn and about 1.5 million tonnes of barley.

After an almost six-month blockade caused by the Russian invasion, three Ukrainian Black Sea ports were unblocked at the end of July under a deal between Moscow and Kyiv brokered by the United Nations and Turkey.

The government has said that Ukraine could harvest about 51 million tonnes of grain this year, down from a record 86 million tonnes in 2021, because of the loss of land to Russian forces and lower yields.


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