|
Newsletter Summary
Last five graphs
Note: All graphs issued with e-malt.com newsletters
are published in "Graph" section
of e-malt.com site.
Last five tables
All e-malt.com tables are published in e-malt.com Statistics section. The Statistics section includes Barley statistics, Malt statistics and Beer statistics. The tables related to barley are published in Barley Statistics section, the tables related to malt in Malt Statistics section and the tables related to beer in Beer Statistics section.
Last five prices evolutions
Access to E-malt.com
Do you know
E-malt.com?
Dear E-malt Reader!
E-malt.com Newsletters Archive could be found directly on
e-malt.com
site. Browsing through our Newsletters Archive you may see all the issues you have missed.
To this purpose you just have to login e-malt.com and click on Newsletters link in the menu.
Reading our Newsletters you will be kept informed with the latest news
and events regarding malting and beer world.
You may also submit your own news, events or other information to the address
info@e-malt.com!
You may find updated malt, barley and beer statistics on e-malt.com
Statistics section.
Just enter e-malt.com!
Here you will find all tables issued with e-malt.com newsletters.
E-malt.com Agenda gives the possibility to keep you informed about the Events
planned to be held in the whole world related to the brewing and malting
industries. To this purpose you just have to login
e-malt.com
and click on Agenda link in the menu. Reading our Event Agenda you will find
out about the future symposia, conferences and festivals related to malting and
beer world. You may also submit your own events to the address
info@e-malt.com
E-malt.com has Trading Online system. The system is to be used for
malt/barley trading. One can register a malt/barley offer or a malt/barley
request. The registering person could be as a seller/buyer or as an agent for
seller/buyer. The User can see information about all active malt/barley offers
& requests. If needed the system allows user to buy/sell malt/barley due to
reasonable offers/requests. The way to do this is to confirm reasonable
transaction. Trading Online rules are available through the Internet in the
Trading Online as well as Tutorial (useful for persons who starts the system
usage). To visit the E-malt Trading Online first go to the E-malt.com site,
then click Trading Online link in the left menu of the e-malt.com home page.
For more details please contact info@e-malt.com
Thank You!
E-malt.com Links!
|
E-Malt.com Newsletter 07b
February 16 - February 19, 2023
Quote of the Week
If there is no wind, row.
Latin Proverb
Currency Rates
Base Currency: US Dollar
on February 17, 2023 |
Base Currency: Canadian Dollar
on February 17, 2023 |
| |
1 USD = 0.9352 EUR
1 USD = 0.8315 GBP
1 USD = 1.3411 CAD
1 USD = 1.4494 AUD
1 USD = 133.9180 JPY
1 USD = 5.2217 BRL
1 USD = 74.5717 RUB
1 USD = 6.8552 CNY
|
|
1 CAD = 0.7456 USD
1 CAD = 0.6199 GBP
1 CAD = 0.6972 EUR
1 CAD = 1.0806 AUD
1 CAD = 99.8443 JPY
1 CAD = 3.8931 BRL
1 CAD = 55.5979 RUB
1 CAD = 5.1110 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
USA: Boston Beer’s Q4 earnings miss analysts’ forecasts
...Click here
|
|
USA, CA: Bear Republic being acquired by Drake’s Brewing Co.
...Click here
|
|
USA, NJ: Bent Iron Brewing to become Hamilton’s first brewery by fall
...Click here
|
|
USA, MO: Vine Street Brewing’s long-anticipated opening nearly here
...Click here
|
UK: Simpsons Malt granted permission for malting plant, barley storage facilities in Moray
...Click here
|
|
The Netherlands & Mexico: HEINEKEN purchases EUR1 bln in shares from FEMSA
...Click here
|
|
Mexico & the Netherlands: Mexico's FEMSA to launch $3.5 bln share, notes offer in Heineken divestment bid
...Click here
|
|
Russia: Exiting Russia may take longer than initially expected, Heineken says
...Click here
|
EU & UK: 2023 barley crop forecast increased to 59.57 mln tonnes
...Click here
|
|
World: Total grains production forecast lowered to 2.248 bln tonnes
...Click here
|
|
Australia: Barley crop forecast further increased to 14.22 mln tonnes
...Click here
|
|
France: Farm office increases its outlook for French barley exports this season
...Click here
|
World: Pernod Ricard expects global sales to grow this year, plans more price increases to protect profit margins
...Click here
|
|
Argentina: Barley harvest completed but focus remains on weather
...Click here
|
|
Ukraine: Ukraine may continue to fall down rankings of leading feed barley exporters - analysts
...Click here
|
|
Costa Rica: Two separate actions to result in lower beer prices in Costa Rica
...Click here
|
|
Kenya: East African Breweries loses Sh24 bln Senator Keg tax relief in three years
...Click here
|
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
16 February
1978 - 1st Computer Bulletin Board System (Ward and Randy's CBBS, Chicago)
1990 - Cisco Systems, Inc. goes public on NASDAQ, selling 2.8 million shares at an initial offering price of $18 per share
1998 - Tellabs Inc. acquires Coherent Communications Systems for $670 million
17 February
1878 - Silver dollar became U.S. legal tender
1986 - 1st Francophone Summit convenes at Versailles
1989 - Egypt, Iraq, Jordan and North Yemen form common market
18 February
1933 - 1st issue of Newsweek magazine published
1939 - Golden Gate International Exposition opens on Treasure Island
1981 - Chrysler Corporation reports largest corporate losses in U.S. history
19 February
1878 - Thomas Alva Edison patents gramophone (phonograph)
1899 - Cornelius Vanderbilt Whitney, Pan Am Airways (World airways) founder is born
1969 - 1st Test flight of Boeing 747 jumbo jet
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
|
USA: Boston Beer’s Q4 earnings miss analysts’ forecasts
|
Boston Beer delivered an earnings miss for its fourth quarter alongside disappointing full-year guidance as performance of its hard seltzer brand fizzled.
The company posted a loss of 93 cents a diluted share and a net loss of $11.4 million for its fourth-quarter, while Wall Street had expected earnings of 60 cents and income of $11.1 million, according to FactSet.
Fourth Quarter 2022 Summary:
• Depletions increased 3%. Depletions decreased 3% on a 13-week comparable basis
• Shipments increased 16.7%. Shipments increased 10.9% on 13-week comparable basis
• Net revenue of $447.5 million increased 28.6%
• Gross margin of 37.0%
• Net loss of $11.4 million
• GAAP diluted loss per share of $0.93
Full Year 2022 Summary:
• Depletions decreased 5%. Depletions decreased 6% on a 52-week comparable basis
• Shipments decreased 3.8%. Shipments decreased 4.6% on a 52-week comparable basis
• Net revenue of $2.090 billion increased 1.6%
• Gross margin of 41.2%
• Net income of $67.3 million
• GAAP diluted earnings per share of $5.44, which includes a non-cash impairment charge of $1.61 per share recorded in the third quarter of 2022
Capital Structure
• Ended the fiscal year with $180.6 million in cash and no debt
• Repurchased $8.9 million in shares from January 3, 2023 to February 10, 2023
"We were pleased to deliver shipments slightly ahead of our guidance, and are also encouraged by the improvement
...More info on site
|
|
USA, CA: Bear Republic being acquired by Drake’s Brewing Co.
|
Cloverdale-based craft brewing company Bear Republic is being acquired by San Leandro-based Drake’s Brewing Co.
Beer news and podcast The Full Pint obtained an email reportedly sent by Drake’s Brewing to its supply chain announcing the acquisition of the Bear Republic brand, one of the last few remaining craft breweries in Sonoma County.
The Press Democrat has reached out for comment from Bear Republic and Drake’s Brewing but has not received a response.
“This acquisition represents a significant step forward in our company’s future growth and our mission to bring people together over craft beer,” the email said.
“With the addition of the Bear Republic brands, including the iconic Racer 5 IPA, their other recipes, and the brand’s wide recognition, we are now better positioned to achieve that goal.”
The news comes after Bear Republic closed its Rohnert Park taproom in December 2022, citing slower tourism that comes with winter months.
President and CEO Richard G. Norgrove told The Press Democrat in December that the Rohnert Park taproom would remain vacant until at least the spring while the company decided on its next step.
The brewing company also closed its original brewpub in Healdsburg in 2019 to consolidate operations in Rohnert Park and Cloverdale.
Bear Republic was founded
...More info on site
|
|
USA, NJ: Bent Iron Brewing to become Hamilton’s first brewery by fall
|
A brewery making beers with farm-grown ingredients is all set to open in Hamilton Township. Bent Iron Brewing recently held a groundbreaking ceremony, the Patch reported on February 16.
Located on Extonville Road, Bent Iron Brewing will be Hamilton’s first brewery. The site is located on a 55-acre farm.
The idea for the brewery came to founders Peter Brittian, Jon Kanuck, and David Sass during the COVID-19 pandemic by the three founders.
They have hired Dave Ascione as their Brew Master and plan to make creative, consistent beers using farm-grown ingredients.
Bent Iron Brewing will offer craft beers in a fun, welcoming, and wide-open farm setting.
“The craft brewery market in New Jersey has grown exponentially in recent years. I am thrilled that Bent Iron has chosen Hamilton for its location,” said Mayor Jeff Martin. “Bent Iron will bring a fresh new life to our Hamilton economy by drawing in tourists and locals.”
Construction of the 5,000-square-foot barn will begin immediately and will house the beer production and a tasting taproom where beers brewed on-site will be available for sale.
The Brewery will also have a sizable outdoor seating space with a walkable hop yard and fire pits.
Bent Iron Brewery plans to open in the Fall of 2023.
|
|
USA, MO: Vine Street Brewing’s long-anticipated opening nearly here
|
Vine Street Brewing’s long-anticipated opening is nearly here, said Kemet Coleman, teasing a late March first pour for the taproom and brewhouse space, which sits adjacent to Kansas City’s historic jazz district, the Startland News reported on February 16.
“It’s crazy to see something that for so long has been just an idea in our minds starting to become real,” said Coleman, who founded the brewery along with Elliott Ivory and Woodie Bonds, Jr.
The first Black-owned brewery in the city, state, and region, Vine Street Brewing is located in the south building of the 2000 Vine redevelopment, a 150-year old building which formerly housed the city’s street department.
Although a few remaining elements of the construction process are still being finalized, Coleman said that the brewery has all it needs — tanks, kegs, and cold room storage — to start serving customers the last weekend in March.
The brewery’s flagship beer, the Jazz Man black lager, will become available to customers at locations across the city at the beginning of March, including in 10 to 12 bars, restaurants, and self-pour stations at the new airport, Coleman said.
“We’ll probably open our doors and be out in the market at the same time,” Coleman said.
...More info on site
|
|
UK: Simpsons Malt granted permission for malting plant, barley storage facilities in Moray
|
|
Simpsons Malt Limited was granted permission in principle for the maltings, along with malting barley storage facilities, at a special meeting of Moray Council's
...More info on site
|
|
The Netherlands & Mexico: HEINEKEN purchases EUR1 bln in shares from FEMSA
|
|
HEINEKEN announced on February 17 the acquisition of 7,782,100 shares in HEINEKEN at a price of €91 per share (totaling EUR 708 million) and
...More info on site
|
|
Mexico & the Netherlands: Mexico's FEMSA to launch $3.5 bln share, notes offer in Heineken divestment bid
|
|
Mexican bottling and retail conglomerate FEMSA will offer a total of 3.5 billion euros ($3.7 billion) in common shares and unsecured notes in Dutch
...More info on site
|
|
Russia: Exiting Russia may take longer than initially expected, Heineken says
|
Exiting Russia may take longer than initially expected, Heineken has admitted.
The Dutch brewer promised to withdraw from the Russian market following its invasion of
...More info on site
|
|
EU & UK: 2023 barley crop forecast increased to 59.57 mln tonnes
|
|
Warm weather conditions are still prevailing across most of Europe, which remains very favourable for winter crop development, RMI Analytics said in their latest
...More info on site
|
|
World: Total grains production forecast lowered to 2.248 bln tonnes
|
|
Due to a downgraded corn production outlook in the United States and Argentina, the International Grains Council (IGC) has lowered its world total grains
...More info on site
|
|
Australia: Barley crop forecast further increased to 14.22 mln tonnes
|
|
Despite RMI Analytics’ increase in Australian barley crop 2022 forecast to 13.6 mln tonnes, the local feedback remains this number is still ‘quite low’
...More info on site
|
|
France: Farm office increases its outlook for French barley exports this season
|
|
Farm office FranceAgriMer on February 15 lowered its outlook for French soft wheat exports this season because of competition from Black Sea supplies but
...More info on site
|
|
World: Pernod Ricard expects global sales to grow this year, plans more price increases to protect profit margins
|
|
Pernod Ricard on February 16 said it planned more price increases in the second half of the year in China and the United States
...More info on site
|
|
Argentina: Barley harvest completed but focus remains on weather
|
|
Although barley harvest is complete in Argentina, the focus remains on the weather – in particular for summer crops (e.g. corn), RMI Analytics said
...More info on site
|
|
Ukraine: Ukraine may continue to fall down rankings of leading feed barley exporters - analysts
|
Ukraine may continue to fall down the rankings of the leading feed barley exporters in the 2023-24 marketing season, according to preliminary estimates by Argus' agricultural analytics arm Agritel.
Ukraine was the world's third-largest barley exporter in 2021-22 and is expected to be ranked sixth this marketing season. But the country may lose further share of the global barley market in 2023-24, with limited supplies of about 1 mln t projected to be available for export
Agritel's current projections for Ukrainian barley exports in the 2023-24 marketing year ending 30 June are based on expected domestic consumption of about 3.2 mln t and overall barley supply of 4.8 mln t. The latter includes 500,000 t of beginning stocks, given that 2.4 mln t of product are expected to be exported this marketing season.
Ukrainian barley exports have totalled almost 2 mln t so far this marketing year, according to customs data, with the pace having slowed in recent months. Muted demand from China, slow operations through the Black Sea grain corridor and concerns over its extension after 19 March have limited demand for product. If 2022-23 exports fall short of projections, this could potentially increase beginning stocks and total supply of Ukrainian barley
...More info on site
|
|
Costa Rica: Two separate actions to result in lower beer prices in Costa Rica
|
Good news for Costa Rica’s beer drinkers, two separate actions will result in lower beer prices, Q Costa Rica reported on February 16.
On the one hand, Fifco announced a reduction in the prices of their Imperial and Pilsen brands. The company will be selling the six-pack in a 350 ml can, both Imperial and Pilsen, now for ¢5,500 and the famous “baldazo” of six units (12 ounces each), for ¢6,000.
The initiative is part of the “Se te hació” campaign, in response to consumers’ desire to enjoy more moments of summer, together with their favorite brands.
On the other hand, the government signed on February 15 the law to eliminate the tax on imported beers.
It is a 10% sales tax that is charged to foreign beers and not to national beers. According to the legislators who proposed the law, this reflected inequality. President Rodrigo Chaves said it is a measure to reactivate the economy.
With the elimination of the tax, the country complies with the conditions established in free trade agreements.
|
|
Kenya: East African Breweries loses Sh24 bln Senator Keg tax relief in three years
|
The tax relief that East African Breweries Plc (EABL) enjoys on its low-end beer brand Senator has dropped by Sh23.8 billion in three years after the government cut the incentive, the Business Daily reported on February 17.
A new report by the National Treasury shows that tax expenditure or the value of revenue foregone by the government due to tax reliefs on beer made from sorghum, millet and cassava, dropped to a new low of Sh18.4 billion in the fiscal year ended June 2021.
This was down from a high of Sh42.2 billion in 2018. In Kenya, EABL’s Senator Keg is the only known beer made from sorghum and was first introduced into the market in 2004.
Tax refunds for Senator Keg have been declining due to a decision by the State to cut excise duty remission, initially by 50 percent in 2013.
This introduction of the 50 percent excise duty on Senator Keg saw EABL cancel contracts with sorghum farmers and even stop production of the beer noting that it was not financially viable.
The remission was in June 2015 increased to 90 percent before the government reduced it to the current rate of 80 percent three years later.
The fall in excise tax remission
...More info on site
|
|
Register a new user (free of charge).
Top
Top
Top News