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E-Malt.com Newsletter 09a
February 27 - March 01, 2023
Quote of the Week
Beer is good food.
John Goodman
Currency Rates
Base Currency: US Dollar
on March 01, 2023 |
Base Currency: Canadian Dollar
on March 01, 2023 |
| |
1 USD = 0.9433 EUR
1 USD = 0.8285 GBP
1 USD = 1.3597 CAD
1 USD = 1.4849 AUD
1 USD = 136.3480 JPY
1 USD = 5.2085 BRL
1 USD = 74.9153 RUB
1 USD = 6.9398 CNY
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1 CAD = 0.7354 USD
1 CAD = 0.6092 GBP
1 CAD = 0.6937 EUR
1 CAD = 1.0919 AUD
1 CAD = 100.2650 JPY
1 CAD = 3.8301 BRL
1 CAD = 55.0900 RUB
1 CAD = 5.1032 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Barley expected to gain area in Canada in 2023
...Click here
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Canada, SK: Minihkwe Brewery becomes Saskatchewan’s first Indigenous brewery
...Click here
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USA, MA: Widowmaker Brewing set to open its new brew pub in Brighton
...Click here
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USA, NY: Rebel Sailor Brewing Company soft opens in Shortsville
...Click here
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USA, OH: Green Valley Brewing Co. hoping for a June opening in Hudson
...Click here
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USA, IN: Burn ‘Em Brewing celebrates opening of its news pot in Michigan City
...Click here
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Canada: Volume of beer sold per person last year reaches all-time low
...Click here
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Malaysia: Heineken Malaysia Bhd posts 68% jump in 2022 net profit
...Click here
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New Zealand: Total volume of beer, wine and spirits available for consumption slightly down in 2022
...Click here
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Australia: Barley crop 2023 forecast at more modest 10.88 mln tonnes after massive crop 2022
...Click here
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Argentina: Barley planted area for crop 2023 could drop due to competition from wheat
...Click here
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Nigeria: Naira scarcity worsens lack of demand by consumers – Nigerian Breweries
...Click here
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Vietnam: Ministry of Finance proposes to increase special consumption tax on tobacco, beer, and alcoholic products
...Click here
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France: 94% of winter barley crop rated good or excellent
...Click here
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South Korea: Spirit and beverage companies say they have no plans to raise prices
...Click here
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UK: Scotland’s whisky and beer makers alarmed by mooted advertising ban
...Click here
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Graph of the Week
Table of the Week
Asia Barley Imports, Production, Consumption, and Stocks
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
27 February
1557 - 1st Russian Embassy opens in London, Russia and U.S. sign trade agreement
1990 - Exxon Corp and Exxon Shipping are indicted on 5 criminal counts
1998 - Apple discontinues developing Newton computer
28 February
1956 - Forrester issued a patent for computer core memory
1982 - American Telephone and Telegraph Co. looses record $7 BILLION for fiscal year ending on this day
1986 - European Economic Community sign "Special Act" for Europe free trade
01 March
1867 - Howard University chartered, Washington D.C
1927 - Bank of Italy becomes a National Bank
1947 - International Monetary Fund begins operation
Agenda
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)
26 - 28: Barcelona Beer Festival 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)
08 - 10: EBC Symposium 2023 (Salzburg, Austria)
10 - 12: International Beer Strategies Conference 2023 (Berlin, Germany)
19 - 20: Brew Asia 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)
February 2024:
23 - 25: Finest Spirits 2024 (Munich, Germany)
News Articles
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Canada: Barley expected to gain area in Canada in 2023
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For crop 2023, barley is expected to gain area in Canada (5-6%) while the USA faces stiff competition from other crops, RMI Analytics said
...More info on site
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Canada, SK: Minihkwe Brewery becomes Saskatchewan’s first Indigenous brewery
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Minihkwe Brewery, Saskatchewan’s first Indigenous brewery, is now officially open in Saskatoon, the Global News reported on February 25.
Located at the Sandman Signature on Lorne Avenue, the brewery kicked off its opening on Saturday with a prime rib dinner, live comedy, magic and a musical performance by Armond Duck Chief, a Juno award nominee.
Owner KJ Bird said the idea for a brewery all started with something simple.
“The way it started out was just over a conversation and we were just kind of making jokes about starting our own beer company,” Bird said.
Now two and a half months later, the company is ready to launch two beers, which are expected to hit the shelves on March 1.
The first beer is named ‘The Minihkwe’, a blonde ale named after both the company and the Cree word for drink.
“Not only are we teaching everybody a word of Cree but there’s also on our label all the treaty territories in Saskatchewan … which is pretty cool,” Bird said.
The brewery will also be offering the ‘Omawisow’, a raspberry blonde ale meaning berry picker.
Minihkwe is partnering with Better Brother Brewing to help get their product off the ground. CEO Jeff Rushton said it was humbling when
...More info on site
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USA, MA: Widowmaker Brewing set to open its new brew pub in Brighton
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Ryan Lavery and Colin Foley started brewing craft beers in a basement while hanging out with friends. That passion project has grown into so much more, The Patriot Ledger reported on February 24.
Lavery and Foley are the co-founders of Widowmaker Brewing, which opened on Wood Road in Braintree on Sept. 23, 2017. Six years later, they are barreling ahead to open a second brick-and-mortar location in the former Brato Brewhouse space at 190 North Beacon St., Brighton. The 5,000-square-foot brew pub will house a full restaurant, a taproom and an outdoor patio. The team behind the Bone and Bread food truck will run the kitchen.
"My partners and I were looking for expansion opportunities for about three years," Lavery said. "We looked into different areas, restaurants that might have been closing, and we had a couple of deals in place up and down the South Shore but they fell through. Nothing came to fruition. This was our sixth or seventh deal that we got pretty deep on."
Lavery said he’s aiming for a late spring opening and expects the new location to add another 1,000 barrels of production to Widowmaker’s operation. The Braintree location, which occupies about 8,000 square feet,
...More info on site
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USA, NY: Rebel Sailor Brewing Company soft opens in Shortsville
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Robert Payne has been homebrewing beer for 12 years, but for the last 18 months he’s worked to share his acumen with the public, the Rochester City Newspaper reported on February 27.
Rebel Sailor in Shortsville is the fruit of that labor. The small craft brewery is housed in the former Mark’s Pizzeria on Route 21 and serves an eclectic mix of beers made in its modest 3.5-barrel brew house.
Rebel Sailor had its soft opening last Friday, February 24, and plans to operate on Friday, Saturday, and Sunday for the near future.
“It’s relieving,” Payne said. “We thought 100 times we’d be open sooner, but between all of the red tape and all of the other stuff, and then my cooler, which we built ourselves…there were a lot of bits and pieces.”
Payne, a logistics coordinator for Progressive Machine and Design in Victor, views the brewery as a side gig to his day job and a means of getting his beers out into the world.
On its opening weekend, Rebel Sailor offered a healthy lineup of clean beers, largely in traditional styles, done with impressive attention to detail. The oatmeal stout offered a near-flawless balance of hearty roasted malt, subdued sweetness, and faint cocoa
...More info on site
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USA, OH: Green Valley Brewing Co. hoping for a June opening in Hudson
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The duo behind Green Valley Brewing Co., which is under construction and hoping for a June opening in Hudson, is a great balancing act, Cleveland.com reported on February 27.
John McGroarty has some series brewing chops. He worked for Karbach Brewing in Houston for two years, then returned home to Northeast Ohio and ran Thirsty Dog Brewing Co.’s barrel-aging program for a year in Akron. He moved on to Canton Brewing Co. for almost two years, then spent six years at Butcher and the Brewer in downtown Cleveland. He then spent a year working with Jon and Ali Hovan of HiHO Brewing in Cuyahoga Falls.
Business partner Nick Speck, who has a background in software, simplifies things.
“I just like beer.”
Now the two are in “hurry up and wait” mode, said McGroarty, who said they mulled opening a brewery for “five or six years.”
“The goal was to be in Hudson as close to the downtown as possible, but the buildings themselves aren’t necessarily conducive to brewing on premise,” he said.
They happened to mention their plans to a banker they knew.
“We’re getting a little bit more serious, looking for an actual location, would love to be in Hudson but a lot of places on
...More info on site
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USA, IN: Burn ‘Em Brewing celebrates opening of its news pot in Michigan City
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The Burn ‘Em Brewing team and community leaders celebrated the brewery’s new spot at 1215 E. 2nd St., Michigan City with the turn of a shovel at a recent ground-breaking event, WIMS Radio reported on February 24.
“This has been a long time coming, and we are happy to be here. Hopefully, we will be open by the end of the year,” said Steve Murray, Burn ‘Em Brewing head brewer and one of the Michigan City friends who opened the brewery in 2014. “We can’t wait to see you here when we open the doors.”
“There is progress inside the walls despite the fact that we are just turning dirt now. It has been a unique experience as we have gone through Covid and its lingering effects,” said Ryan VanWaardenburg, Tonn and Blank pre-construction manager. “I personally have known most of the team for 15 or 20 years as we all went to school together. It’s great to be part of this generation and legacy as we continue to move forward. It’s a really cool project and we will wrap it up as soon as possible.”
The brewery, currently located at 718 Freyer Road, is expected to almost double production, expand distribution, add
...More info on site
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China: AB InBev sees promising future in China
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After optimizing its COVID-19 response, China's unleashed growth potential has made it an unrivalled magnet for global business leaders. The unwavering confidence of the
...More info on site
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Canada: Volume of beer sold per person last year reaches all-time low
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Canadians bought less booze last year, according to findings from a new report.
The volume of beer sold per person in Canada last year reached
...More info on site
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Malaysia: Heineken Malaysia Bhd posts 68% jump in 2022 net profit
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Heineken Malaysia Bhd expects business environment in 2023 to remain challenging after posting a 68 per cent jump in net profit to RM412.82 million
...More info on site
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New Zealand: Total volume of beer, wine and spirits available for consumption slightly down in 2022
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In the just released annual Stats NZ survey year ending December 2022, the number of standard drinks (a standard drink contains 10 grams of
...More info on site
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Australia: Barley crop 2023 forecast at more modest 10.88 mln tonnes after massive crop 2022
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With the massive Australian barley crop 2022 at 14.22 mln tonnes (the second-largest crop) safely in storage and suitable malting quality confirmed, attention turns
...More info on site
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Argentina: Barley planted area for crop 2023 could drop due to competition from wheat
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Argentina’s barley crop 2022 result is steady at 3.8 mln tonnes, while in crop 2023 the competition from wheat will remain quite strong, reducing
...More info on site
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Nigeria: Naira scarcity worsens lack of demand by consumers – Nigerian Breweries
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Nigerian Breweries Plc, a unit of Heineken NV, said a shortage of Nigerian naira denominations has worsened a lack of demand by consumers after inflation curbed purchasing power, Bloomberg reported on February 24.
The situation aggravated in the last two months as security concerns increased ahead of the country’s presidential elections on Feb. 25.
“Nigeria business environment remains very turbulent,” Hans Essaadi, chief executive officer of Nigerian Breweries Plc, said during an investor call on February 24. “The naira scarcity has aggravated things.”
The central bank’s attempt to replace old naira notes with new ones in Africa’s biggest economy has unexpectedly resulted in shortages in the last five months, stoking the ease of transacting in the cash-dominant economy. Inflation rose to 21.8% in January, the highest since September 2005.
The company’s profit before tax decreased 27% to 17.3 billion naira ($37.6 million) in 2022 even after revenue rose 26% to 550.6 billion naira, it said in a statement to the Nigerian Stock Exchange.
The maker of Star Lager, Legend Extra Stout and Maltina malt drinks sees demand for its products bouncing back after the votes and when the cash crunch normalizes.
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Vietnam: Ministry of Finance proposes to increase special consumption tax on tobacco, beer, and alcoholic products
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Vietnam’s Ministry of Finance has proposed to increase the special consumption tax (SCT) on a number of items harmful to health including tobacco, beer, and alcoholic products to limit imports, production, and consumption, the Asia News Network reported on February 28.
The ministry is collecting public opinions on the proposal to develop the revised Law on Special Consumption Tax in which the SCT imposed on these products should be increased, saigondautu.com.vn reported.
In addition, the ministry also proposed to add new tobacco products and new equipment and trading in online video game services to be subject to excise tax, according to the online newspaper.
The MoF said the taxes on alcohol and beer in Việt Nam are still low. Currently, the country applies an excise tax on alcohol of 35-65 per cent, beer 65 per cent and cigarettes 75 per cent.
According to the World Health Organisation calculations, the tax rate only accounted for about 30 per cent of the retail price, compared to 40-85 per cent recorded in many countries.
Though the SCT on alcohol and beer products had increased from 2016 to 2018, Việt Nam was still the highest beer consumer in Southeast Asia and the third in Asia after Japan and China.
...More info on site
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France: 94% of winter barley crop rated good or excellent
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The condition of soft wheat improved for a second week last week, data from farm office FranceAgriMer showed on February 24, indicating a record dry spell has not yet strained crops in the European Union’s biggest wheat-producing country.
An estimated 95% of soft wheat was rated as good or excellent compared with 93% the previous week and 92% two weeks earlier, according to the office’s cereal report.
The score was also above the 93% registered a year earlier.
Grain traders and analysts have said crops have avoided cold damage this winter and that soil moisture has been adequate despite an unprecedented dry spell over the past month.
However, low February rainfall has raised concerns about a possible repeat of last year’s drought during crucial spring and summer growing periods.
For winter barley, 94% of the crop was rated good or excellent, while durum wheat scored 92%.
Farmers made more swift progress in sowing spring barley, with 80% of the expected area drilled by Feb. 20, compared with 58% a week earlier and an average 24% over the previous five years, FranceAgriMer’s data showed.
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South Korea: Spirit and beverage companies say they have no plans to raise prices
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Several South Korean spirit and beverage companies announced that they have no plans to raise prices amid government scrutiny suggesting the industry could be targeted by anti-inflation measures, the Korea JoongAng Daily reported on February 28.
Hite Jinro, the liquor company with the largest market share, announced in a statement on February 27 that it has no plans to raise soju prices for the time being.
The announcement came almost immediately after the government began looking into the industry.
The National Tax Service reportedly had a closed meeting with executives of major soju and beer companies such as Hite Jinro, Lotte Chilsung Beverage and Oriental Brewery (OB) to ask about barriers to lowering production cost.
The Finance Ministry's tax office also began investigating the production and retail structure of spirit companies.
Finance Minister Choo Kyung-ho urged the industry to cooperate with government efforts to battle inflation during a parliamentary meeting on Feb. 22, adding that people enjoy consumer products such as soju.
"Factors for a price increase exist, but the measure to keep prices steady aims to lift the burden on consumers and the self-employed," said Hite Jinro in its statement.
A spokesperson for OB also said the company does not plan
...More info on site
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UK: Scotland’s whisky and beer makers alarmed by mooted advertising ban
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Scott Laing, one of the many investors enticed into whisky production by a boom in demand, finished building the Ardnahoe Distillery in Scotland four years ago, the Financial Times reported on February 25.
Now, he is concerned that he may not be able to drum up interest in his first batch of liquor because of a mooted ban on alcohol advertising in the country.
“If we start selling [the whisky] in the next couple of years, we wouldn’t be able to promote it in any way within Scotland, which is a bizarre state of affairs,” said Laing, who runs the distillery on Islay with his brother and father, and invested £12.5mn to erect it.
Scottish officials have given the industry until March 9 to respond to a consultation on potential restrictions meant to help tackle the country’s “deep, longstanding and troubled relationship with alcohol”.
Beer, wine and spirits could be consigned to near the back of the shops or placed in closed cupboards, similar to tobacco products, to reduce consumption.
Other proposed measures, some of which will need Westminster’s approval, include a ban on advertising in public places, as well as prohibiting the sale of alcohol-branded sports merchandise, including sponsorship on replica kits.
The looming crackdown
...More info on site
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