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E-Malt.com Newsletter 03b
January 19 - January 22, 2023
Quote of the Week
Fermentation may have been a greater discovery than fire.
David Rains Wallace
Currency Rates
Base Currency: US Dollar
on January 20, 2023 |
Base Currency: Canadian Dollar
on January 20, 2023 |
| |
1 USD = 0.9248 EUR
1 USD = 0.8095 GBP
1 USD = 1.3487 CAD
1 USD = 1.4488 AUD
1 USD = 128.3600 JPY
1 USD = 5.1894 BRL
1 USD = 68.9617 RUB
1 USD = 6.7750 CNY
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1 CAD = 0.7413 USD
1 CAD = 0.6001 GBP
1 CAD = 0.6856 EUR
1 CAD = 1.0741 AUD
1 CAD = 95.1576 JPY
1 CAD = 3.8471 BRL
1 CAD = 51.1237 RUB
1 CAD = 5.0226 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: 2022-23 barley supply projected sharply up from last year’s record low
...Click here
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Canada: New alcohol guidelines recommend that Canadians limit themselves to just two drinks a week
...Click here
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USA, SC: Peak Drift Brewing Company opens new state-of-the-art facility in Columbia
...Click here
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USA, IL: Hickory Creek Brewing to open its new home in New Lenox on January 19
...Click here
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USA, FL: Golden Isles Brewing Co. to join St. Petersburg’s booming craft beer scene this spring
...Click here
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USA, NC: Fayetteville Beer Works hoping to be up and running sometime in late spring or early summer
...Click here
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USA: Cannabis and CPG firm Tilray Brands to expand further into beer and spirits
...Click here
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USA, TX: Molson Coors moving its Fort Worth brewery to 100% renewable electricity
...Click here
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World: Analysts expect slightly smaller barley crop in 2023
...Click here
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Germany: Krombacher manages to increase beer sales for the first time in years
...Click here
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The Czech Republic: Quality and price of Czech beer threatened by climate change
...Click here
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EU: With barley crop 2022 outcome known, market focuses upon execution
...Click here
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Argentina: Barley yield results are falling slightly more negative than pre-harvest expectations
...Click here
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Azerbaijan: Carlsberg Azerbaijan planning to launch a malting plant in Azerbaijan next year
...Click here
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South Korea: Beer prices expected to rise again due to liquor tax increase in April
...Click here
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Graph of the Week
Table of the Week
World Beer Production by Continent 2015-2022s
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
19 January
1898 - Edward Crosby Johnson II, future founder of Fidelity Management & Research Co., is born in Milton
1938 - GM began mass production of diesel engines
1992 - IBM announces a nearly $5B loss for 1992
20 January
1781 - 1st edition of Pieter It Hoens "Post of Neder-Rhijn" published
1872 - Californian Stock Exchange Board organized
1995 - Russian ruble drops to 3,947 per dollar (record)
21 January
1846 - 1st edition of Charles Dickens' "Daily News"
1976 - Supersonic Concorde, 1st commercial flights, by Britain and France
1994 - Dow Jones passes 3900 (record 3,914.20)
22 January
1967 - The microwave oven is invented
1970 - 1st commercial Boeing 747 flight, New York to London in 6 hours
Agenda
February 2023:
02 - 03: Glug Swiss 2023 (Alte Reithalle, Aarau, Switzerland)
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)
21 - 23: The Brewers of Europe Forum 2023 (Prague, the Czech Republic)
22 - 28: Budapest Beer Week 2023 (Budapest, Hungary)
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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Canada: 2022-23 barley supply projected sharply up from last year’s record low
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For 2022-23, Canadian barley supply is projected at 10.6 million tonnes (Mt), up sharply from last year’s record low of 7.9 Mt. This is
...More info on site
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Canada: New alcohol guidelines recommend that Canadians limit themselves to just two drinks a week
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New alcohol guidelines recommending that Canadians limit themselves to just two drinks a week – and ideally cut alcohol altogether – have prompted intense debate over risk versus enjoyment in a country where the vast majority of adults regularly consume alcohol, The Guardian reported on January 18.
The Canadian Centre on Substance Use and Addiction (CCSA) this week called for a substantial reduction in consumption, warning that seemingly moderate drinking poses a number of serious health risks, including cancer, heart disease and stroke.
The new guidelines, funded by Health Canada, represent a dramatic shift from previous recommendations issued in 2011, when Canadians were told that low-risk consumption meant no more than 10 drinks a week for women and 15 drinks a week for men.
“We wanted to simply to present the evidence to the Canadian public, so they could reflect on their drinking and make informed decisions,” said Peter Butt, a professor of family medicine at the University of Saskatchewan and a member of the panel that drafted the guidelines. “It’s fundamentally based on the right to know.”
In its measurements, the CCSA considers a standard drink to be a 12oz (355ml) serving of 5%-alcohol beer, a 5oz (148ml) glass of 12%-alcohol wine or
...More info on site
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USA, SC: Peak Drift Brewing Company opens new state-of-the-art facility in Columbia
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Peak Drift Brewing Company opened a brand new state-of-the-art facility in Columbia this week, WIS-TV reported on January 19.
The facility, on North Main Street in Columbia, is a 25,000-square-foot production facility. The company has plans to open a 65,000-square-foot brewery complex later this year said the Peak Drift leadership team.
Peak Drift celebrated the opening of the production facility at a ribbon-cutting ceremony on Wednesday, January 18. The event included South Carolina’s Speaker of the House of Representatives Murrell Smith, Jr., Richland County Councilman Paul Livingston, City of Columbia Councilwoman Aditi Bussells, and President and CEO of the Columbia Chamber Carl Blackstone.
“As long as I’m in the House, I’m going to partner with businesses like Peak Drift to make sure that breweries continue to thrive across our state because they provide entertainment and enhance the quality of life, both of which are important to South Carolina,” said Speaker of the House Murrell Smith, Jr. “I know Peak Drift is going to be a centerpiece of the North Main area, and I am proud to be part of it.”
Peak Drift is transforming the former Stone Manufacturing Company facility into a one-of-a-kind complex with indoor-outdoor dining, lounge areas, a full bar, entertainment, and
...More info on site
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USA, IL: Hickory Creek Brewing to open its new home in New Lenox on January 19
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Hickory Creek Brewing owner Gary Meyer is ready to debut the new space for his homegrown business, the Patch reported on January 18.
The microbrewery will open in its new home at 1333 S. Schoolhouse Rd., New Lenox, effective Thursday, Jan. 19.
First started in 2018 in a strip mall on Laraway Road in New Lenox, Meyer had been eyeing a new spot for the "little brewery that could"—his brainchild that first began brewing in a 150-year-old watershed on his New Lenox Township property. Specifically, he had hopes of moving into the very space where it's now landed.
Meyer had been facing a higher rent in the Laraway Road location, and would not have been able to carry on operations there, he previously told Patch.
The 7-barrel brewing system at the previous location enabled them to brew seven barrels per batch, or between 1,000 and 1,500 barrels per year. The microbrewery later expanded beyond just beers, with live music offerings and a chicken food truck stopping by regularly for patrons. They'll carry on those ideas in the new location, Meyer said.
"Well it took a while, but today we received the occupancy permit and our liquor license," brewery representatives wrote on social media Wednesday. "And
...More info on site
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USA, FL: Golden Isles Brewing Co. to join St. Petersburg’s booming craft beer scene this spring
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Golden Isles Brewing Co. will be the latest addition to St. Petersburg’s booming craft beer scene when it opens in the spring at 3000 Dr. Martin Luther King Jr. Street North, in the city’s Magnolia Heights neighborhood, St. Pete Rising reported on January 17.
The brewery, owned and operated by Jonathan and Angie Bryan, will take the place of a former gas station. According to Pinellas County records, the property was sold in June 2022 for $933,400 to PBC St George LLC, a St. Pete company owned by Dr. Gehad Aboud, a medical professional who specializes in diagnostic radiology.
Dr. Aboud also owns a 0.45-acre property at 900 Central Avenue in downtown St. Pete, which he is under contract to sell to Houston-based The Dinerstein Companies.
The Bryans plan for Golden Isles to be a family- and dog-friendly establishment. In addition to a wide range of beers, it will offer prosecco and wine on tap, as well as non-alcoholic beverage options such as organic sodas made by the Bryans’ business partner in Nashville.
Golden Isles patrons will have plenty of food options to choose from, as well, including a New York-style hot dog cart, wet lemon pepper wings, and a rotating selection of
...More info on site
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USA, NC: Fayetteville Beer Works hoping to be up and running sometime in late spring or early summer
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A new brewery will soon set up shop at 2649 E. Mission Blvd. in Fayetteville, the Fayetteville Flyer reported on January 17.
The new brewery will be called Fayetteville Beer Works, and is operated by Brian O’Connell, a local entrepreneur and founder of Colorado-based Renegade Brewing Co.
O’Connell founded Renegade in 2011 in Denver, and operated the brewery for a number of years before selling an undisclosed but “significant” stake in the company in 2017 to Anne Mulcahy, the former CEO and chair of the Xerox Corporation. O’Connell stayed on as CEO for a few more years before moving back to Fayetteville a few years ago.
The idea behind Fayetteville Beer Works, O’Connell said, is to create a fun, family-friendly place to hang out in east Fayetteville.
“We live on the east side of town, and love it over here,” O’Connell said. “We’d like to see more places on this side of town where we can hang out.”
O’Connell said he’ll rely heavily on feedback from the neighborhood to determine what beers resonate locally, he said, and though his previous brewery Renegade – known for its signature Redacted Rye IPA – quickly became a production house brewing about 20,000 barrels a year and distributing to
...More info on site
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USA: Cannabis and CPG firm Tilray Brands to expand further into beer and spirits
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Tilray Brands wants to expand further into beer and spirits as the cannabis and CPG firm is concerned it will not see cannabis legalisation in the US market in the “near future”.
Irwin Simon, the CEO of the New York-based pharmaceutical, cannabis and beverage producer, said the company now has a “major focus” on acquisitions in order to diversify its portfolio “because we don’t know when legalisation is going to happen in the US”.
Tilray Brands sees the spirit and beer sectors as areas that have “great opportunities” and where its previous acquisitions have shown “great margins”, Simon added.
In November, the group acquired New York-based Montauk Brewing Company. Simon said Montauk’s “success has been driven by its loved product portfolio, premium price point and over 4,700 points of distribution”, adding: “We’d love to find some more Breckenridges or some more Montauk and SweetWater.”
Simon continued: “We think that from an acquisition standpoint, the whole wellness area is an area we’re going to focus on and look at acquisitions there. And, upon legalisation, there will be foods that will be infused with hemp, there’ll be foods that will be infused with THC.”
Looking at its own infrastructure, Tilray Brands has floated the idea of growing
...More info on site
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USA, TX: Molson Coors moving its Fort Worth brewery to 100% renewable electricity
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The Molson Coors Beverage Company is moving its Fort Worth brewery to wind-powered, 100% renewable electricity by the end of January, a move that gets it closer to meeting its 2025 sustainability goals – and ultimately its target of net-zero emissions by 2050, American Craft Beer reported.
To do so, company has signed a long-term agreement with EDF Energy Services to receive approximately 72,000 megawatts of power generated by the King Creek Wind Farm in north-central Texas, (plenty of wind there) which went online late last year.
Fort Worth becomes Molson Coors’ first brewery in North America to be powered by 100% renewable electricity. The company’s UK operations switched to 100% wind power in 2021.
“We work hard to make sure our brewery is efficient and a good steward of the environment,” Jim Crawford, the brewery’s general manager told Beer & Beyond. This project helps us achieve both. We’re seeing more and more wind-energy projects across Texas, and it’s exciting that our brewery is supplied by one of them.”
The deal with EDF Energy Services will ensure that the brewery will always have a reliable source of power – even when the wind isn’t blowing. The brewery’s power will be delivered via the local
...More info on site
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World: Analysts expect slightly smaller barley crop in 2023
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After an overall good barley crop 2022 outcome, there is a reasonably good global supply and demand balance in place. However, there are disruptions
...More info on site
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Germany: Krombacher manages to increase beer sales for the first time in years
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With the revival of gastronomy and major events, Germany’s Krombacher brewery has sold more beer for the first time in years, indonewyork.com reported on
...More info on site
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The Czech Republic: Quality and price of Czech beer threatened by climate change
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Czechs are the world’s most prolific beer drinkers and their various brews are highly sought after in markets across the globe. But a joint study conducted by universities in the UK, US and China suggests that the production of “liquid bread”, as the Czechs call their favourite drink, may in fact be under threat, Radio Prague reported on January 19.
At the centre of the problem lie the effects of climate change on the growing of barley, beer’s key ingredient, says Dabo Guan, a climate change economist at University College London who is one of the lead researchers involved in the study.
"Barley only grows in relatively cold places: Eastern European countries, Canada and Russia are the main production areas. So once the climate models tell us where there is a possibility of heat stress in the future, we can see that most of the Eastern European countries would suffer large losses in barley production."
The vulnerability of the crop is also of great concern to brewing companies. For them, climate change is a major economic risk, says Ivan Tučník, who is in charge of sustainability at Czechia’s leading beer brand Pilsner Urquell.
"We are seeing an increase in volatility. What this means is
...More info on site
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EU: With barley crop 2022 outcome known, market focuses upon execution
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Warmer than normal temperatures have continued to predominate across most of Europe, which supports an ongoing positive development for winter barley, RMI Analytics reported
...More info on site
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Argentina: Barley yield results are falling slightly more negative than pre-harvest expectations
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As harvest progressed into late December, Argentina’s barley yield results are falling slightly more negative than pre-harvest expectations, RMI Analytics said in their latest
...More info on site
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Tunisia: SFBT reports rise in beer sales in 2022
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Tunisia’s leading beer maker La Société de fabrication des boissons de Tunisie (SFBT) has reported its performance in 2022. The company reached a total turnover of 813 million dinars against 730.5 million in 2021, or an increase of 11%.
Local sales of soft drinks stood at 178.6 million dinars (+18%) at the end of December, while exports reached 28.5 million (-15.7%).
As for local sales of beer, they amounted to 553 million dinars, against 500.5 million in 2021, up about 10.5%. In volume, SFBT sold 185.6 million litres of beer last year, against 176 million litres in 2021.
In addition, SFBT invested a total of 41.2 million dinars, against 15.6 million in 2021. These investments are composed mainly of purchases of equipment for 25 million dinars and packaging for 11.8 million dinars.
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 Australia: Hop crop 2023 expected to be on average
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After successfully processing crop 2022, Grace Irwin, marketing manager at Hop Products Australia (HPA) told Craft Beer Business HPA has been focusing on the
...More info on site
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Azerbaijan: Carlsberg Azerbaijan planning to launch a malting plant in Azerbaijan next year
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Carlsberg Azerbaijan is planning to launch its first local malting plant in January 2024, Interfax Azerbaijan reported on January 18.
“We expect to be able
...More info on site
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South Korea: Beer prices expected to rise again due to liquor tax increase in April
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The price of beer is expected to rise again in South Korea due to an increase in liquor tax, adding pressure on consumers’ spending and the country’s inflation, the Pulse News Korea reported on January 19.
Starting from April 1, liquor tax on beer and rice wine will rise by 3.57 percent, or 30.5 won ($0.02) per litre, from last year, according to a revised enforcement ordinance for the Individual Consumption Tax Act and the Liquor Tax Act announced by the Ministry of Economy and Finance on Wednesday.
South Korea’s major breweries like HiteJinro Co., Oriental Brewery Co. and Lotte Chilsung Beverage Co. have already raised their beer prices by more than 7 percent to respond to inflation last year.
The liquor tax rate on beer and rice wine has been adjusted for the inflation rate of the previous year since 2020, when the government made a shift from value-based to volume-based taxing.
Last year, consumer prices soared to 5.1 percent, the highest level in 24 years. The government decided to raise the liquor tax by 3.57 percent, which is 70 percent of the inflation rate. The government can adjust the tax increase range between 70 and 130 percent of the inflation rate, but
...More info on site
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