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E-Malt.com Newsletter 07a
February 13 - February 15, 2023
Quote of the Week
If there is no wind, row.
Latin Proverb
Currency Rates
Base Currency: US Dollar
on February 15, 2023 |
Base Currency: Canadian Dollar
on February 15, 2023 |
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1 USD = 0.9311 EUR
1 USD = 0.8217 GBP
1 USD = 1.3340 CAD
1 USD = 1.4342 AUD
1 USD = 132.4470 JPY
1 USD = 5.1681 BRL
1 USD = 73.5963 RUB
1 USD = 6.8186 CNY
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1 CAD = 0.7495 USD
1 CAD = 0.6159 GBP
1 CAD = 0.6979 EUR
1 CAD = 1.0749 AUD
1 CAD = 99.2705 JPY
1 CAD = 3.8735 BRL
1 CAD = 55.1612 RUB
1 CAD = 5.1106 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Australia & Canada: United Malt Group assures investors FY to 30 September will bring improved financial results
...Click here
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Mexico: Brewery company interested in setting up in the Industrial Zone of San Luis Potosi
...Click here
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USA, KS: 11 Worth Station Brewhouse slated to open in Leavenworth in the spring or summer of 2023
...Click here
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USA, GA: Frog Rock Brewing Company coming to downtown Austell later this year
...Click here
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USA, WI: Cocoon Brewing already open in De Pere area
...Click here
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USA, NY: Fidens Brewing Co. opening a brewpub in Albany’s warehouse district
...Click here
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USA, NY: Southpaw Brewing Company set to open in Yaphank in April
...Click here
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Argentina: Malt exports, malting barley crop beat records in 2022
...Click here
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World: Heineken maintains forecast for profit increase this year despite weakness in Europe
...Click here
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Japan: All four leading brewers report consolidated sales growth in 2022
...Click here
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Japan: Kirin Holdings reports surge in earnings for fiscal 2022
...Click here
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Poland: Heinekens gets full control over its business in Poland
...Click here
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World: Barley crop forecast for 2023 down 0.2 mln tonnes to 147.1 mln
...Click here
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Singapore & Thailand: ThaiBev records 4.9% increase in Q1 sales revenue
...Click here
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UK: Scotch whisky exports top £6 bln for the first time in 2022
...Click here
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EU & UK: European barley prices are generally on the defensive this month
...Click here
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France: Farm ministry increases forecast for winter barley, soft wheat areas
...Click here
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Australia: Feed barley exports up, malting down in December
...Click here
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Laos: Lao Brewery Company introduces Carlsberg 0.0 and Somersby 0.0 in Laos
...Click here
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Kenya: EABL stock price hits 52-week high on Diageo purchase plan
...Click here
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Graph of the Week
Table of the Week
Top 10 Countries by Beer Consumption 2020 - 2021
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
13 February
1741 - Andrew Bedford publishes 1st American magazine (American Magazine)
1895 - Moving picture projector patented
1980 - Apollo Computer Inc incorporated
2004 - The Harvard-Smithsonian Center for Astrophysics announces the discovery of the universe's largest known diamond, white dwarf star BPM 37093
14 February
1794 - 1st US textile machinery patent granted, to James Davenport
1924 - IBM Corporation founded by Thomas Watson
1946 - Bank of England nationalized
1946 - John W. Mauchly and J. Presper Eckert, Jr., officially unveil their Electronic Numerical Integrator and Computer, performing 5,000 additions and 300 multiplications per second and weighing more than 30 tons
2005 - YouTube is launched by a group of college students, eventually becoming the largest video sharing website in the world and a main source for viral videos
15 February
1946 - Bank of England nationalized
1955 - 1st pilot plant to produce man-made diamonds announced
1995 - Dow-Jones closes at record 3986.17
Agenda
February 2023:
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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Australia & Canada: United Malt Group assures investors FY to 30 September will bring improved financial results
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Commerical maltster United Malt Group assured investors at its AGM on February 10 that its financial year to 30 September 2023 will bring improved
...More info on site
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Mexico: Brewery company interested in setting up in the Industrial Zone of San Luis Potosi
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Juan Carlos Valladares Eichelmann, head of the Secretariat of Economic Development (SEDECO), said that the agency has a negotiation, which he described as “very advanced”, with a brewery company interested in setting up in the Industrial Zone of San Luis Potosi, Mexico Now reported on February 10.
In this sense, as on past occasions, the official explained that for the moment there is discretion and general aspects of the corporation are reserved, but the objective is to attract an industry that adds competitiveness and better paying jobs to the state, this time hand in hand with the brewing sector.
Regarding the environmental and water consumption challenges that a company dedicated to beer production could imply, Valladares Eichelmann pointed out that the agency prioritizes environmental care aspects and is assuming with responsibility that any investment made complies with these aspects.
“We attract investments according to the conditions that we can generate, we cannot make mistakes in that, the work that is carried out is very punctual”, he added.
Currently, in Mexico, two companies dominate the beer industry nationally and internationally through two large groups: Grupo Modelo and Heineken México, formerly known as “Cervecería Cuauhtémoc Moctezuma”.
Both produce well-known brands such as Corona Extra, León, Modelo Especial,
...More info on site
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USA, KS: 11 Worth Station Brewhouse slated to open in Leavenworth in the spring or summer of 2023
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Leavenworth will soon be the home to the new 11 Worth Station Brewhouse, Flatland KC reported on February 14.
The brewery’s owners, brothers David and Johnny Burrows, aren’t strangers to the beer industry. David is the father of Bri Burrows, owner of North Kansas City’s Big Rip Brewing Co. Michael Burrows, an avid homebrewer and also David’s son, spent time working at Stockyards Brewing in the West Bottoms. The family had heavy ties to the Missouri Mashers Homebrew Club before taking their talents pro.
Construction of the new brewery started in September 2022 and is slated to open in the spring or summer of 2023. The brewery, located at 305 Cherokee St., will have a railroad theme in honor of the history of the railroads in Leavenworth.
Even though it’s not open yet, the brewery has been partnering with various businesses and offering samplings of their beers.
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USA, GA: Frog Rock Brewing Company coming to downtown Austell later this year
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A brewery is coming to downtown Austell later this year, the developer of a mixed-use project announced.
According to Yahoo News, Frog Rock Brewing Company has signed a lease in the new development, dubbed "Cincinnati Junction," and will open in late spring or early summer, according to Andrew Lundstrom, the project's developer.
The brewery's interior will draw inspiration from the city's history — Austell was once known as Salt Springs, due to springs with supposedly medicinal qualities that were popular in the 19th century.
"Through name and environment, the brewery draws inspiration from the historic Frog Rock effigy at Louis Suggs Park and Austell's rich past as a healing destination," the developer said in a press release. "The taproom interiors plan to feature materials sourced from nature. This design is a direct reflection of the brewery's tie to local natural assets."
Frog Rock also plans to have an outdoor beer garden with seating, fire pits and string lights, a bocce ball court and a music stage. Frog Rock will be the city's first microbrewery, per the developer.
The brewery will join Austell CoWork, already open at the development. Two other businesses — a photo studio and a clothing boutique — have also signed leases, according
...More info on site
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USA, WI: Cocoon Brewing already open in De Pere area
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After three years of planning, including during the pandemic, and dealing with supply chain issues, De Pere resident Matt Walters and his brother Mike were finally able to accomplish their dream of opening their own brewery, NBC26 reported on February 11.
Cocoon Brewing is in Ledgeview, just outside of De Pere.
The business celebrated its opening this past weekend, after overcoming many challenges before being able to open.
"There was curve ball after curve ball in the project from, you know, losing the banking funding to waiting for windows to come in or just endless numbers of small hurdles," said Walters.
Walters says he decided to set up his own brewery in his garage one day six years ago. He never knew that small garage brewery would one day grow into what it has become now.
"I had a little extra time on my hands on the weekend one day and i just said I'm going to try to brew a batch of beer, and that went decently, so i just kept adding equipment to my kitchen and then my garage," said Walters.
While Wisconsin is famous for its breweries, Walters says he saw a need for one in the De Pere area with how quickly
...More info on site
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USA, NY: Fidens Brewing Co. opening a brewpub in Albany’s warehouse district
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Fidens Brewing Co., which opened in a Colonie industrial park in late 2018 but has outgrown its ability to serve retail customers at the location, will open a brewpub in the coming months in Albany's warehouse district, a co-owner was quoted as saying by the Times Union on February 13.
Also called Fidens Brewing, the operation takes over an 11,000-square-foot restaurant space at 897 Broadway, next to Wolff's Biergarten and across from the restaurant The Copper Crow. It becomes part of a neighborhood with six existing food-and-drink establishments. A seventh, Lionheart on the Green, an extension of the venerable Lionheart Pub near Lark Street, is projected to open in the spring at 952 Broadway. Yet another beer-centric eatery, the Albany locations of Druthers Brewing, sits a little farther north on Broadway, and a cafe, wine bar and brewery satellite are planned for Slip 12, the multiuse redevelopment of the Fuck Finn property.
The 897 Broadway building, once the longtime home of a moving company, was handsomely renovated in 2017 into an industrial-style restaurant space. It has been vacant for almost three years, since the failure at the beginning of the pandemic in 2020 of a business called no-ware pint & plate,
...More info on site
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USA, NC: New brewery to open by summer in Hickory
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By summer, there will be a new brewery in Hickory, the Hickory Daily Record reported on February 14.
The brewery will be joined next door by a barbecue restaurant before the year is out.
That is the plan of Cranford Hospitality, the company that owns two Hickory dining staples, Charolais Steakhouse and Standard Oyster Company, along with other restaurants. Cranford Hospitality is Kent Cranford and sons Zackary and Tucker Cranford.
By summer, the family plans to open City Walk Brewing and Distilling at 205 Main Ave. NE, along a portion of the City Walk, said Zackary Cranford. In late fall, he said the Cranford Brothers’ BBQ restaurant will open next door.
The brewery will feature its own brand of beer that will be brewed and distilled on-site, Zackary Cranford said. He added that City Walk beers will be made with local ingredients when possible. The brewery will also feature beers brewed nearby, in North Carolina cities such as Asheville.
The distillery tanks will be immediately visible to patrons entering from the Seventh Street entrance, Zackary Cranford said. There will also be a classic Corvette his father, Kent Cranford, restored on display at the Seventh Street entrance.
There will be a patio space outdoors capable of seating
...More info on site
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USA, NY: Southpaw Brewing Company set to open in Yaphank in April
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James Economou was coaching the Campbell University football team in North Carolina when the pandemic hit in 2020, the Patch reported on February 10.
Having players released and then called back to play several times became a hassle, prompting him to think his life's circumstances over.
His family also came into play.
"My sister had a child and I wanted to be closer to family," he said, noting it's common as folks enter their later parts of life. "I just felt that I wanted to be around family, and I'm very team- and family-oriented."
He wanted to be back on Long Island and close to home.
Economou's family has been involved with construction for years, and when he was working with his cousin, Thomas Neidhart of Southpaw Construction, they got to talking one day about the brewery business.
"I was like, 'Hey, man, we should do this brewery,'" he recalled.
The pair were looking originally in the Riverhead area.
"Honestly, it's heavily saturated now with a lot of breweries," Economou said. "To be a new kid on the block out there is a little bit more difficult."
Economou, who lives on the north shore, was driving one day on William Floyd Parkway when he saw a construction crew clearing
...More info on site
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USA, MI: Drifa Brewing Company is for sale
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Marquette’s Drifa Brewing Company is for sale. The Lake St. brewery is listed at $400,000, WLUC reported on February 10.
Re/Max 1st Realty Marquette said the location is selling as a “ready-to-use” operation, and this comes after the co-operation decided to dissolve.
“The 600-member cooperative and the 9 board members have decided to dissolve that and buy out the 600 members from their ownership of the cooperative and they will be offering this as a turnkey operation. The building is leased with some expansion room as well,” Re/Max 1st Realty Broker, Owner Fran Sevegney said.
It is located on Lake Street in south Marquette.
Sevegney said all brewing equipment, furnishings, recipes, branding, logos, website, and marketing platforms are included in the sale.
“I think that this is going to be viewed as a good investment and opportunity for someone that wants to take this formerly cooperative ownership business as a great sole proprietor endeavor,” Sevegney said.
According to Drifa’s website, the brewery remains open five days a week.
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Argentina: Malt exports, malting barley crop beat records in 2022
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Argentina’s malting barley crop reached record 1.116 mln tonnes in 2022, the nation’s Ministry of Agriculture, Livestock and Fishery reported on February 13.
Total barley
...More info on site
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World: Heineken maintains forecast for profit increase this year despite weakness in Europe
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Heineken, the world's second-largest brewer, repeated its forecast of a profit increase this year despite weakness in Europe, as it reported a higher-than-expected 2022
...More info on site
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Japan: All four leading brewers report consolidated sales growth in 2022
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All of Japan's four major beer makers have reported consolidated sales growth in 2022, buoyed by their first price hikes for canned beer products
...More info on site
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Japan: Kirin Holdings reports surge in earnings for fiscal 2022
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Kirin Holdings Co., Ltd., a Japanese beverages firm, on February 14 reported a surge in earnings for fiscal 2022, supported by a gain on
...More info on site
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Poland: Heinekens gets full control over its business in Poland
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Heineken International B.V. executed an approximately PLN1.66 bln (approximately EUR347 mln) acquisition of the remaining 35% shareholding of Grupa Zywiec, its subsidiary in Poland,
...More info on site
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World: Barley crop forecast for 2023 down 0.2 mln tonnes to 147.1 mln
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The world barley supply and demand situation remains mostly unchanged in February. Production forecasts has minor reductions, with crop 2022 down 0.2 mln tonnes
...More info on site
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Singapore & Thailand: ThaiBev records 4.9% increase in Q1 sales revenue
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Thai Beverage (ThaiBev) recorded a 4.9 per cent year-on-year increase in sales revenue to 80.9 billion Thai baht (S$3.2 billion) in the first quarter
...More info on site
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UK: Scotch whisky exports top £6 bln for the first time in 2022
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Exports of Scotch whisky topped £6 billion for the first time last year, figures from the industry showed, Yahoo News UK reported on February
...More info on site
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EU & UK: European barley prices are generally on the defensive this month
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Generally European barley prices are on the defensive this month (the exception being the UK) as end-users appear to be well-covered and/or out of
...More info on site
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France: Farm ministry increases forecast for winter barley, soft wheat areas
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France's farm ministry on February 14 increased slightly its estimate of the area sown with soft wheat for the 2023 harvest, while making a sharper upward revision for rapeseed sowing, Reuters reported.
The winter soft wheat area was now seen at 4.76 million hectares, compared with an initial estimate of 4.75 million in December.
The new estimate was up 2% compared with the area harvested in 2022 and 0.4% higher than the average of the past five years, the ministry said in a crop report.
For winter rapeseed, the expected area for this year's harvest was increased to 1.34 million hectares from 1.29 million estimated in December, now 9% above last year's level and nearly 11% higher than the five-year average.
France is the European Union's biggest grain grower and soft wheat and rapeseed are, respectively, its most produced cereal and oilseed crops.
Winter soft wheat and rapeseed account for almost all production of the crops in France.
For barley, the ministry raised its estimate of the winter area to 1.34 million hectares from an initial projection of 1.30 million. That was 3.7% up from last year and 7% above the five-year mean.
Barley production in France includes a significant amount of spring crop. The ministry is
...More info on site
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Australia: Feed barley exports up, malting down in December
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Australia exported 1,061,321 tonnes of feed barley, 21,979t of malting barley and 47,791t of sorghum in December, according to the latest export data from
...More info on site
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Laos: Lao Brewery Company introduces Carlsberg 0.0 and Somersby 0.0 in Laos
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Lao Brewery Company, a leading beverage manufacturer and distributor in Laos, has introduced two imported brands of non-alcoholic drinks – Carlsberg 0.0 and Somersby 0.0 – for the domestic market under the concept “Free Feels Good”, The Star reported.
These two products are becoming very popular in global markets as they pass through a high-quality manufacturing process that is accepted internationally.
Carlsberg 0.0 and Somersby 0.0 provide a choice for people to drink and socialize during various occasions and events. The two types of non-alcoholic drinks are available at various stores only in Vientiane.
Non-alcoholic beverages are becoming increasingly popular around the world. In most of the European Union and the United States, a beer can be called alcohol-free it if contains less than 0.5 percent alcohol.
In the UK, a beer brewed within the country can only be labeled alcohol-free if it has less than 0.05 percent alcohol. If a UK brew is 0.5 percent, it can only be labeled as “de-alcoholized”, according to a report from BBC.
The creative manufacturing of non-alcoholic drinks provides an alternative choice for those who want to avoid drinking alcohol for certain reasons, including religious beliefs, health benefits, personal preferences, and driving responsibilities.
Non-alcoholic beverages have become more acceptable
...More info on site
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Kenya: EABL stock price hits 52-week high on Diageo purchase plan
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EABL share price soared to close at a 52-week high of Sh181.25 on February 13 on the back of plans by Diageo to purchase additional shares in the Nairobi Securities Exchange-listed firm.
The gains close the gap between EABL’s prevailing stock price and the Sh192 per share offer by its parent firm Diageo, which is seeking to buy an additional 118.4 million shares in a bid to raise its stake to 65 percent.
It represents a gain of 31.3 percent compared to the closing price of Sh138 on the last day of trading before Diageo disclosed its offer on October 14, 2022.
Diageo’s move to increase its stake in EABL after taking a controlling stake in the company from its Guinness subsidiary in 2000 is seen as a vote of confidence in the business, which reported flat profit in the six months to December as higher costs and taxation offset gains in sales for the period.
The offer to purchase shares, which gives priority to investors in the firm’s books by January 16, is expected to run in two phases, the first between February 6-24 and between February 27-March 17.
The move to prioritise early bidders in the offer is set to reward existing shareholders
...More info on site
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