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E-Malt.com Newsletter 51a
December 19 - December 21, 2022
Quote of the Week
Merry Christmas and a very happy New Year to you and your family and friends! May the new year bring us all peace, happiness, joy, and only good news.
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Currency Rates
Base Currency: US Dollar
on December 21, 2022 |
Base Currency: Canadian Dollar
on December 21, 2022 |
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1 USD = 0.9418 EUR
1 USD = 0.8228 GBP
1 USD = 1.3633 CAD
1 USD = 1.4986 AUD
1 USD = 132.8730 JPY
1 USD = 5.2564 BRL
1 USD = 69.5553 RUB
1 USD = 6.9691 CNY
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1 CAD = 0.7334 USD
1 CAD = 0.6034 GBP
1 CAD = 0.6907 EUR
1 CAD = 1.0990 AUD
1 CAD = 97.4451 JPY
1 CAD = 3.8549 BRL
1 CAD = 51.0100 RUB
1 CAD = 5.1109 CNY
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Currency Rates Chart
Equities of the Largest Breweries
North America: Kirin looking to buy facilities in North America to maintain strong growth in craft beer market
...Click here
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Canada: More Canadians opting for non-alcoholic beer
...Click here
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Canada, ON: Silversmith Brewing purchases all assets of Black Oak Brewing
...Click here
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USA, MA: Medford Brewing Company now open in West Medford
...Click here
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USA, MO: Boho Brewing to open sooner rather than later in Parkville
...Click here
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USA, KY: Owensboro’s Pub on Second nearly ready to begin brewing its own beer
...Click here
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World: Beer production continues to rebound from the pandemic impact
...Click here
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EU: Malt exports in July-November practically unchanged from a year and two years ago
...Click here
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World: 2022/23 barley production forecast to total 151 mln tonnes
...Click here
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EU & UK: 2023 barley crop forecast to slightly increase as compared to 2022
...Click here
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Australia: Apparent understanding with China gives hope for revoking ban on Australia barley imports
...Click here
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UK: Total barley production estimated up 6% year-on-year in 2022
...Click here
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Australia & China: Australia seeks direct resolution of barley trade dispute with China ahead of WTO ruling
...Click here
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Australia: October malting barley exports double the tonnage shipped in September
...Click here
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Singapore: ThaiBev enters into four-year 10 bln baht loan agreement to repay existing debenture due March
...Click here
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Taiwan: Taiwan Tobacco and Liquor Corporation not giving up China beer market
...Click here
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Graph of the Week
Table of the Week
Czech Republic Hop Area and Production and Alpha Acid Output
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
19 December
1795 - 1st state appropriation of money for road building, Kentucky
1989 - American Airlines purchases Eastern Airline's Latin American route
1997 - Masaru Ibuka co-founder Sony Corporation, dies at 89
20 December
1790 - The first mechanized textile mill in the U.S. opens in Pawtucket, R.I. Built by Samuel Slater
1803 - Louisiana Purchase formally transferred from France to US for $27 million
1966 - The transmission of trades and quotes from the floor of the New York Stock Exchange is fully automated for the first time
1996 - NeXT merges with Apple Computer, starting the path to Mac OS X
21 December
1879 - Theodore Limperg, business economist
1882 - 1st string of Christmas tree lights created by Thomas Edison
1913 - 1st crossword puzzle (with 32 clues) printed in New York World
1937 - 1st feature-length color & sound cartoon premieres (Snow White)
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)
20 - 24: IBD Asia Pacific Convention 2023 (Adelaide, Australia)
23 - 25: Warsaw Beer Festival 2023 (Warsaw, Poland)
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)
24 - 25: 34d International VLB Craft Brewing Conference (Online)
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)
10 - 11: Bruges Beer Festival 2023 (Bruges, Belgium)
13 - 14: VLB Africa Brewing Conference 2023 (Douala, Cameroon)
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)
18 - 19: Beervana 2023 (Wellington, New Zealand)
September 2023:
16 - 03 October: Oktoberfest 2023 (Munich, Germany)
18 - 20: 13th Iberoamerican VLB Symposium Brewing & Filling Technology (IBS) (Bogota, Colombia)
October 2023:
04 - 06: Drink Technology India 2023 (Pragati Maidan, New Delhi, India)
10 - 12: International Beer Strategies Conference 2023 (Berlin, Germany)
19 - 20: Sea Brew 2023 (Ho Chi Minh City, Vietnam)
21 - 23: Whisky Live Paris 2023 (Paris, France)
November 2023:
28 - 30: Brau Beviale 2022 (Nuremberg, Germany)
December 2023:
06 - 08: Drink Japan 2023 (Makuhari Messe, Japan)
News Articles
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North America: Kirin looking to buy facilities in North America to maintain strong growth in craft beer market
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Kirin Holdings, Japan's second-largest brewer by sales, is looking to buy factory facilities in North America to maintain strong growth in the region's craft beer market, its chief executive said.
Kirin has seen sales volumes in the North American craft beer market climb by double-digit percentage figures since completing its acquisition of Colorado-based New Belgium Brewing in 2020 and Bell's Brewery in Michigan in 2021, Reuters reported on December 21.
"Our craft beer business in North America is on a roll," CEO Yoshinori Isozaki said in an interview with Reuters on December 20.
North American craft beer has the highest growth rate among global businesses that span everything from whisky to probiotic health drinks, he added, without disclosing profit margins.
New Belgium is known for its Fat Tire ale while the Two Hearted Ale brand by Bell's was named the best beer in America by the American Homebrewers Association. Their merger in 2021 combined two of the top 10 craft makers in the United States.
Kirin had craft beer sales of about 60 billion yen ($454 million) in 2021, accounting for 3% of global sales. The company expects that to grow to 5% this year.
Production and distribution across such a wide geographic market as North
...More info on site
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Canada: More Canadians opting for non-alcoholic beer
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With the holiday season in full swing and "Dry January" around the corner, Canadians who don't drink alcohol or want to cut back may find more options on menus and store shelves, The Canadian Press reported on December 18.
Beer giants are launching non-alcoholic brews, specialty producers are creating innovative alternatives to spirits and those in the industry say it's becoming more socially acceptable to be "sober curious" — a term used to describe people dipping their toes in the non-alcoholic waters.
“Ten years ago, you would go into a party with a non-alcoholic beer, and people would ask you if you're pregnant or sick,” said Nicolas Gagnon-Oosterwaal, president and co-founder of Montreal-based brewery Sober Carpenter.
“But now ... it’s completely the other way around.”
Gagnon-Oosterwaal said just like public perception, the non-alcoholic beverage industry has come a long way, but there's still more growth to come.
Global Market Insights estimates worldwide, the non-alcoholic beer market was worth more than US$22 billion in 2022 and will be worth almost double that in a decade.
“What happened for craft beer in the last five, 10 years, I think will happen in the next five, 10 years for non-alcoholic (drinks)," Gagnon-Oosterwaal said.
Non-alcoholic beer has been around
...More info on site
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Canada, ON: Silversmith Brewing purchases all assets of Black Oak Brewing
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Silversmith Brewing has announced that it has purchased all assets of Black Oak Brewing, one of Ontario’s longest established craft breweries, the Canadian Beer News reported on December 19.
The deal was announced via a press release in which Silversmith president/CEO Josh Graham and Black Oak founder Ken Woods offered statements on the new partnership.
“Ken is part of the fabric of craft brewing in Ontario and Black Oak has a long-respected history that aligns with our mission to brew authentic, quality, great tasting craft beer,” said Graham. “As time progressed, the benefits of combining our strengths became apparent. We are at a place that feels right and is the start of an exciting future for both Silversmith and Black Oak.”
“Black Oak Brewing has been my mission for the past 23 years,” added Woods. “We’ve persevered through many challenges, and I am looking forward to what the future holds and the new opportunities that this purchase will bring.”
The release also notes that both brewing facilities will remain in operation, with Woods and all Black Oak employees remaining under the new Silversmith ownership. Production at Silversmith’s brewery in Virgil, Ontario will shift to focus on “small-batch innovations”, and the company will also be
...More info on site
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USA, MA: Medford Brewing Company now open in West Medford
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A former contract brewery has debuted its very own brewery and taproom after being in the works for nearly four years, NBC Boston reported on December 19.
According to a Facebook post from the place, Medford Brewing Company is now open in West Medford, moving into an old auto body shop on Harvard Avenue. Co-founders Nick Bolitho and Max Heinegg established the company in 2015 and started looking for a space in early 2019, with the West Medford plans being announced last October.
The address for Medford Brewing Company is 30 Harvard Avenue, Medford, MA, 02155.
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USA, MO: Boho Brewing to open sooner rather than later in Parkville
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In a recent bittersweet announcement on social media, Mission’s Sandhills Brewing bid farewell to one of their brewers, Robb Mann. Mann was instrumental in helping brew hundreds of batches as well as working the bar and doing various projects around the brewhouse.
But it’s not all sad news, Flatland KC reported on December 20.
Mann is leaving Sandhills to open his own brewery. He’ll be running the new Boho Brewing, located in Parkville. Originally slated to open in the fall of 2022, the brewery dealt with inevitable construction delays. While there’s no definitive opening date just yet, they were in the process of hiring bartenders a few weeks ago, which is a tell-tale sign of opening sooner rather than later.
Short for Bohemian, Boho will put an emphasis on Czech lagers, hazy IPAs and pale ales, West Coast IPAs and pale ales, and German-style beers. Based on how delicious the beers are at Sandhills, expectations are high for Boho. Be sure to follow their social media pages for updated information on their grand opening.
Sadly, with the opening of a new brewery comes the closing of another.
Lenexa’s Lost Evenings Brewing Co. posted on its social media that Friday Dec. 23 will be its last
...More info on site
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USA, KY: Owensboro’s Pub on Second nearly ready to begin brewing its own beer
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Owensboro’s Pub on Second is nearly ready to begin brewing its own beer, making it the second active brewery in Daviess County, The Owensboro Times reported on December 17.
Bill Brown co-owns the establishment with John Condray and said patrons constantly asked the two if they would ever brew their own beer. Brown said the answer was always no, but the thought was constantly brewing in the back of their minds.
“We knew the opportunity would have to be perfect, and we saw this as an excellent opportunity to invest in ourselves and The Pub,” Brown said. “We knew we needed to find the right brewer out of the gate.”
Enter Matt Watson, long-time assistant brewer at Henderson Brewery and expert in the field.
The team looks for the brewery addition to enhance Owensboro and downtown’s already vibrant tourism industry.
“Being a brewery certainly helps our business and creates opportunities for local hotels and tourism,” Brown said. “When a town has more than one brewery, it gives people in other cities and craft beer lovers in our region a chance to venture from brewery to brewery and create an evening out of it.”
The goal is for the brewery to secure its own location
...More info on site
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World: Beer production continues to rebound from the pandemic impact
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Global beer production continues to rebound from the Covid-19 impact in 2020, RMI Analytics said in their latest report.
The top 3 global brewers are
...More info on site
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EU: Malt exports in July-November practically unchanged from a year and two years ago
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EU malt exports (barley equivalent) from July, 1 till November, 27 were 1.151 mln tonnes, vs. 1.146 mln in 2021 and 1.188 mln tonnes
...More info on site
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World: 2022/23 barley production forecast to total 151 mln tonnes
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Global barley production forecast is set at 151 mln tonnes in RMI Analytics’ latest report (up slightly from 150.5 mln tonnes expected before) and
...More info on site
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EU & UK: 2023 barley crop forecast to slightly increase as compared to 2022
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In its first forecast for the 2023 crop, COCERAL sees the total grain crop in the EU-27+UK at 304.4 mln t. This would be
...More info on site
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EU: Market lower for both malting and feed barley
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The EU market is lower across the board this period for both malting and feed barley, RMI Analytics said in their latest December report.
Two
...More info on site
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Australia: Apparent understanding with China gives hope for revoking ban on Australia barley imports
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An apparent better understanding between China and the new Australian government led to the expectation that China would allow barley imports from Australia again,
...More info on site
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UK: Total barley production estimated up 6% year-on-year in 2022
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Defra released on December 15 the final estimates for 2022 UK cereal and oilseed production. In October, Defra were unable to publish provisional UK
...More info on site
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Australia & China: Australia seeks direct resolution of barley trade dispute with China ahead of WTO ruling
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The international trade umpire is set to rule within months on Australia’s complaints against China’s trade sanctions, setting up a deadline for the diplomatic thaw to produce a breakthrough, The Guardian reported on December 19.
As Australia and China prepare to mark the 50th anniversary of diplomatic relations on December 21, the trade minister, Don Farrell, said he was prepared to meet the Chinese commerce minister at any time and place to seek a resolution.
“I’ve made it clear that if and when they want to meet, we’re very happy to do so,” he told Guardian Australia.
China’s introduction of an 80% tariff on Australian barley in 2020 effectively ended the trade in that product overnight, prompting the then Morrison government to complain to the World Trade Organization.
The WTO panel considering the barley dispute said it expected to issue its final report to the parties in the first three months of 2023.
But the complaint against China’s subsequent tariffs on Australian wine will take longer: the WTO’s panel “does not expect to issue its final report to the parties before mid-2023”.
The WTO noted the “voluminous submissions from the parties” and the complexity of the disputes.
China’s commerce ministry has argued the tariffs are justified by
...More info on site
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Australia: October malting barley exports double the tonnage shipped in September
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Australia exported 84,776 tonnes of malting barley, 162,216t of feed barley and 271,497t of sorghum in October, according to the latest export data from the Australian Bureau of Statistics (ABS).
While the malting figure was double the tonnage shipped in September, feed barley exports plunged 76pc from 662,421t and sorghum fell 31pc from 395,447t.
The three biggest destinations for Oct0ber-shipped malting barley were Mexico on 33,002t, Japan on 28,750t and South Africa on 15,000t.
On feed barley, Japan 0n 100,013t and Qatar on 55,125t were the only volume bulk customers, with Saudi Arabia notable in its absence.
China was once again the dominant volume customer on sorghum, taking 264,958t, or 98pc, of the volume shipped.
Flexi Grain pool manager Sam Roache described October barley exports as “dismal”.
“Supplies have essentially run out in Victoria and South Australia, and programs have ground to a halt,” Mr Roache said.
“Western Australia’s old-crop situation was also fairly tight on stocks following the record export program over the season.”
He said this was in “stark comparison” to wheat carry-out, which sits at close to record levels, and is up 30pc from the 2020-21 season.
Mr Roach said malt demand remained strong, with a “very consistent demand profile” across the season.
“We expect this
...More info on site
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Singapore: ThaiBev enters into four-year 10 bln baht loan agreement to repay existing debenture due March
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ThaiBev has entered into a four-year 10 billion baht ($388.9 million) loan agreement with the Bank of Ayudhya Public Company Limited. The loan agreement was made to repay the group’s existing Thai Baht debenture due in March 2023, The Edge Singapore reported on December 20.
The interest rate on the loan agreement is based on the Thai Overnight Repurchase Rate (THOR), including margins. The group will have to repay the facility through four equal instalments of 2.5 billion baht on a semi-annual basis. The first instalment is due on the 30th month after the drawdown period of the loan agreement, which is not later than March 31, 2023.
The loan facility is not expected to have a material impact on ThaiBev’s financial results for this FY.
Shares in ThaiBev closed flat at 67.5 cents on Dec 19.
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Taiwan: Taiwan Tobacco and Liquor Corporation not giving up China beer market
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The Taiwan Tobacco and Liquor Corporation (TTL) said on December 17 it will work to meet Chinese requirements without compromising “Taiwan’s national dignity” following a new import ban by Beijing, the Taiwan News reported.
China imposed fresh restrictions on Taiwanese products last week over “inadequate registration information," a move some have slammed as politically motivated. Items hit by the rule include aquatic, liquor, and food products.
Among the affected is Taiwan Beer, a beer brand operated by TTL. The company said it will halt the production of beer for orders worth NT$1.3 million (US$42,211), originally scheduled to be shipped to China in December.
Describing the ban as “abstract,” the state-owned manufacturer and distributor of alcohol and cigarettes said it will submit documents as required. However, it will not cooperate if Chinese requests jeopardize Taiwan’s national dignity.
According to TTL, China introduced a new registration rule for imported foods and beverages this year. The company has complied since August, and the code it secured had appeared “valid” until recently.
The company has sought to reduce its reliance on the China market due to rising uncertainties, with strategies like promoting its fruit beer products in the U.S. and Europe. In 2021, China accounted for roughly 25% of
...More info on site
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