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E-Malt.com Newsletter 05b
February 02 - February 05, 2023
Quote of the Week
Fermentation may have been a greater discovery than fire.
David Rains Wallace
Currency Rates
Base Currency: US Dollar
on February 03, 2023 |
Base Currency: Canadian Dollar
on February 03, 2023 |
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1 USD = 0.9117 EUR
1 USD = 0.8118 GBP
1 USD = 1.3296 CAD
1 USD = 1.4050 AUD
1 USD = 128.5810 JPY
1 USD = 5.0409 BRL
1 USD = 70.1728 RUB
1 USD = 6.7311 CNY
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1 CAD = 0.7520 USD
1 CAD = 0.6105 GBP
1 CAD = 0.6855 EUR
1 CAD = 1.0566 AUD
1 CAD = 96.6905 JPY
1 CAD = 3.7907 BRL
1 CAD = 52.7686 RUB
1 CAD = 5.0617 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada, AB: Brauerei Fahr to break ground on its brewing facility this summer
...Click here
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USA, NV: Fox Brewery & Pub opening its first Reno location later this year
...Click here
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New Zealand: Low alcohol beer consumption up 750% since 2019
...Click here
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Malaysia: Heineken rises on better consumer sentiment
...Click here
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Australia: Barley production forecast for 2022 unchanged at 13.6 mln tonnes
...Click here
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Argentina: Preliminary forecasts put Argentina’s 2023 barley crop at 4.76 mln tonnes
...Click here
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Russia & Ukraine: Concerns over Black Sea grain exports diminish
...Click here
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India: Beam Suntory to launch four new products in India
...Click here
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UK: Some 21 pubs a week closed or lost license between July and December 2022
...Click here
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Graph of the Week
Table of the Week
Australia Barley Supply and Disposition
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
02 February
1914 - The Hong Kong Stock Exchange (formerly the Association of Stock Brokers in Hong Kong) is established
1947 - Edwin H. Land, founder of Polaroid Corp., demonstrates the instant camera to 650 scientists assembled at the annual meeting of the Optical Society of America
1995 - Barings Bank, one of the oldest and most distinguished investment banks in the world, declares bankruptcy after rogue trader Nick Leeson loses more than $1.4 billion on unauthorized (and apparently unsupervised) trades in Japanese stock futures
03 February
1690 - 1st paper money in America issued (colony of Mass)
1815 - World's 1st commercial cheese factory established, in Switzerland
1995 - Astronaut Eileen Collins becomes the first woman to pilot the Space Shuttle
2015 - For $15 million, the United States purchases the entire territories of Arizona, California, New Mexico, and Texas, along with parts of Colorado, Nevada, and Utah, from Mexico under the Treaty of Guadalupe Hidalgo
04 February
1847 - 1st US telegraph company established in Maryland
1874 - Robert Liefmann, German economist is born
1917 - Belgium Council of Flanders established
1957 - 1st electric portable typewriter placed on sale (Syracuse NY)
2004 - Facebook, a mainstream online social networking site, is founded by Mark Zuckerberg
05 February
1817 - 1st US gas co incorporated, Baltimore (coal gas for street lights)
1850 - Adding machine employing depressible keys patented, New Paltz, NY
1878 - Andre-Gustave Citroen is born, France, auto maker
1997 - The so-called Big Three banks in Switzerland announce the creation of a $71 million fund to aid Holocaust survivors and their families
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)
20 - 21: Salon du Brasseur 2023 (Parc Expo Nancy, France)
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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USA, OH: Canton Brewing Co. up for sale
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The Canton Brewing Co. and its downtown building are for sale, The Canton Repository reported on February 2.
The asking price for the 39,600-square-foot property at 227 Market Ave. N is $1.45 million, according to a NAI Spring real estate post from Dec. 28. The ad states that the kitchen and brewing equipment will be sold along with the building.
Messages to a NAI Spring agent and Dave Beule, owner of the building and Canton Brewing, were not returned.
The building's first floor is occupied by a Rite Aid and the brewery, with an "entire second-floor office available for lease," according to the ad. It's adjacent to the city's Centennial Plaza, which became a downtown focal point upon its completion in 2021.
Canton Brewing opened its basement speakeasy in February 2015 as Stark County's first craft brewery. A restaurant came a few months later and, after closing for several months during the pandemic, it reopened with limited hours and a German-inspired menu.
The brewpub also recently reopened its speakeasy on Fridays, according to its Facebook page, which didn't indicate how long it's been closed.
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Canada, AB: Brauerei Fahr to break ground on its brewing facility this summer
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Jochen Fahr began brewing beer out of his small, two-bedroom apartment a little over a decade ago, The Calgary Herald reported on February 2.
This summer, he plans to break ground on a new 25,000-square-foot home for Brauerei Fahr in the recently amalgamated Diamond Valley.
The new brewery has been in the works for two years, but Fahr on Wednesday secured a five-acre plot of land in the community 20 minutes west of Okotoks.
The new facility will be beyond what he could have imagined when he originally started brewing beer as a hobby in his kitchen.
“It was a hobby that became an obsession that became a profession,” said the president and founder of the brewery.
Fahr has been located in Diamond Valley since 2017 but this new construction will allow it to expand its production five-fold. The three-storey building will include a restaurant and space for weddings and other events, while its second floor covered patio will look west to the mountains.
Fahr said cost of construction will be between C$4 million and C$6 million, and will create 20 to 30 permanent jobs, adding to the current 11 employees who already work for the brewery. The new facility will allow it to increase production
...More info on site
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USA, NV: Fox Brewery & Pub opening its first Reno location later this year
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A brewpub in Nevada's capital city is opening its first Reno location later this year, the Reno Gazette Journal reported on February 3.
Carson City-based Fox Brewery & Pub is moving into the former Silver Peak Restaurant & Brewery property at 124 Wonder St. in the Midtown area.
Fox operations manager Jim Phalan confirmed to the RGJ that the brewpub plans to open sometime this summer.
The Wonder Street building where Silver Peak operated for two decades was most recently home to Huntsman Brewing, which was open from September 2021 to May 2022. The Huntsman crew, headed by Tim Turner of Huntsman Tavern in Sparks, renovated much of the two-story building themselves during the summer of 2021.
Phalan said there's more work to be done before the place feels like Fox's new home.
"We plan on renovating the space to match the look and feel of The Fox Brewery & Pub. So when you walk in, you don’t see the previous tenants, you see The Fox," Phalan told the RGJ. "Also, we will be updating the draft beer system and brewery to meet our needs and standards."
Some of Fox's signature brews include the Seamus O’Faolain Irish-style red ale, Hazy Street New England-style IPA and Buzzed
...More info on site
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New Zealand: Low alcohol beer consumption up 750% since 2019
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The consumption of beer with low alcohol content has increased by 750 percent since 2019, according to research by an independent economic consultancy.
The New
...More info on site
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Malaysia: Heineken rises on better consumer sentiment
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Heineken Malaysia Bhd rose 3.6%, more than 12 times the country’s benchmark index, to hit an all-time high of RM29.50 on February 2, The Star reported.
Analysts attributed the hike in the brewery's share price to better consumer sentiment, which has been boosted by the reopening of China’s border.
Year-to-date, the stock has risen more than 15%.
Meanwhile, Carlsberg Brewery Malaysia Bhd (Carlsberg Malaysia) was the third-highest gainer on the local bourse, rising 66 sen or 2.8% to close at RM24.20.
Year-to-date, Carlsberg Malaysia has risen more than 6%.
In a recent report, CGS-CIMB Research said the return of Chinese tourists will support consumer demand in Malaysia.
The research house noted that the reopening of China’s borders is positive to demand for consumer goods in the longer term.
“China recently announced the relaxation of its Covid-19 rules from January 2023 onwards, including dropping quarantine requirements for international arrivals and resumption of outbound travel for its citizens.
“We expect this to lead to an influx of Chinese tourists globally, including to Malaysia, while China itself will see higher footfall in malls from the relaxation of lockdown measures and arrival of foreign tourists.”
Analysts are upbeat about local breweries’ earnings performance for the final quarter of 2022, which is expected to
...More info on site
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Australia: Barley production forecast for 2022 unchanged at 13.6 mln tonnes
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As barley harvest wrapped up for crop 2022, the weather cooperated with generally favourable, mostly dry conditions across all barley regions, RMI Analytics said
...More info on site
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Argentina: Preliminary forecasts put Argentina’s 2023 barley crop at 4.76 mln tonnes
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RMI Analytics’ estimate for Argentina’s barley crop 2022 remains steady at 3.8 mln tonnes. Harvest resulted in a protein range between 11.5-13%, making it
...More info on site
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Russia & Ukraine: Concerns over Black Sea grain exports diminish
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Concern over Black Sea exports has diminished as the Ukraine ‘grain corridor’ allows for an export flow, and Russia’s wheat crop tops 104 mln
...More info on site
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India: Beam Suntory to launch four new products in India
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Premium spirits maker Beam Suntory plans to expand its product portfolio by launching four new products from its Japanese parent company House of Suntory’s portfolio, in the next 18 months, said Ruchika Gupta, Marketing Director, Beam Suntory India, The Hindu Business Line reported on February 2.
The company will be introducing its single malt whiskey Yamazaki 12, different flavors of Jim Beam bourbons, Japanese craft vodka Haku and a super premium tequila brand. “Our growth in India has been on the back of the growing interest for premium alcohol here. With a majorty of our products recording double digit sales growth, we are poised to achieve our previously set target of $1-billion revenue by 2030,” Gupta told businessline.
In 2021, it had launched five premium spirits including Oaksmith, Tte Yamazaki Distiller’s Reserve, Hibiki Japanese Harmony, Suntory Whisky Toki and Roku Japanese Craft Gin in North India. Now, the company has expanded the distribution of its popular brand Oaksmith to around 20 States in the country. It further plans to enter more States in the near future, said Gupta.
Beam Suntory said its brands grew at 76.2 per cent in 2021 over 2020 and are estimated to grow at CAGR of 23.1 per cent
...More info on site
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UK: Some 21 pubs a week closed or lost license between July and December 2022
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Some 21 pubs a week closed or lost their licenses between July and December last year, new figures from the Campaign For Real Ale (CAMRA) have revealed.
The pub closure statistics showed 554 pubs became classed as ‘long term closures’ during the last six months of 2022, meaning the sites had gone out of business or were standing empty without new tenants.
CAMRA chairman Nik Antona said: “These figures should be an urgent wake-up call for the Government.
“Without a support package in the Spring Budget, we risk losing more pubs which are at the heart of community life and play such a crucial role in bringing people together and tackling loneliness and social isolation.
“With the cost of doing business rocketing, energy costs sky-high and customers tightening their belts it is little wonder that hundreds of pubs across the country are closing for business or are standing empty.
“We know the licensed trade can thrive and drive growth in the economy, but only if the Government acts quickly.”
According to the data, England logged 480 closures during this period, an average of 18.5 per week, while Scotland and Wales logged 23 and 38, an average of 0.9 and 1.5, respectively.
This follows similar calls from
...More info on site
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