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RombBullet Quote of the week
RombBullet Currency rates
RombBullet Brewers equities
RombBullet Industry news
RombBullet Graph of the week
RombBullet Table of the week
RombBullet Prices evolution
RombBullet Barley prices
RombBullet Theoretical malt prices
RombBullet Business history
RombBullet Agenda
RombBullet News articles

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E-Malt.com Newsletter 10b
March 09 - March 12, 2023

Quote of the Week

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Currency Rates

Base Currency: US Dollar
on March 10, 2023
Base Currency: Canadian Dollar
on March 10, 2023
      1 USD = 0.9465 EUR
1 USD = 0.8413 GBP
1 USD = 1.3801 CAD
1 USD = 1.5141 AUD
1 USD = 136.4420 JPY
1 USD = 5.1441 BRL
1 USD = 75.8916 RUB
1 USD = 6.9631 CNY
      1 CAD = 0.7245 USD
1 CAD = 0.6095 GBP
1 CAD = 0.6857 EUR
1 CAD = 1.0970 AUD
1 CAD = 98.8529 JPY
1 CAD = 3.7270 BRL
1 CAD = 54.9839 RUB
1 CAD = 5.0448 CNY

Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Brewery news USA: Interest in direct-to-consumer beer shipping continues to go up ...Click here
Brewery news Canada, ON: Carlsberg completes acquisition of Waterloo Brewing ...Click here
Brewery news USA, NC: Burgaw Brewing set to open on Saint Patrick’s Day in downtown Burgaw ...Click here
Brewery news USA, WA: Structures Brewing opens new Old Town Brewpub in former Chuckanut Brewing location ...Click here
World News
Brewery news UK: Budweiser Brewing Group is predicting huge opportunity for the off-trade this summer ...Click here
Brewery news World: Barley trade forecast slightly up in USDA’s March report ...Click here
Barley news EU: Barley exports total 4.06 mln tonnes so far in 2022/23 ...Click here
Brewery news South Africa & Namibia: Heineken gets final antitrust body approval for Distell and Namibia Breweries purchase ...Click here
Brewery news The Netherlands: Heineken successfully prices EUR2 bln of Notes ...Click here
Brewery news India: Craft beer maker Bira 91 raises $10 million from Japan's MUFG Bank ...Click here
Brewery news South Korea & Japan: Japanese beer imports in South Korea reach highest figure in three and a half years ...Click here
Hops news South Africa: Hop farmers manage to maintain growth momentum ...Click here
Graph of the Week

Table of the Week

Asia Barley Imports, Production, Consumption, and Stocks

Table of the week.

Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

These Days in Business History

09 March
1861 - Confederate currency authorized-$50, $100, $500, $1,000
1959 - 1959 Barbie, the popular girls' doll, debuted, over 800 million sold
1987 - 1987 Chrysler Corp offered to buy American Motors Corp for $1 billion

10 March
1862 - U.S. issues 1st paper money ($5, $10, $20, $50, $100, $500 and $1000)
1982 - President Reagan proclaims economic sanctions against Libya
1995 - Dow-Jones hits record 4035.64
2000 - The Nasdaq Composite stock market index peaks at 5132.52, signaling the beginning of the end of the dot-com boom

11 March
1702 - 1st English daily newspaper "Daily Courant," publishes
1935 - Bank of Canada opens
1986 - 187.27 million shares traded in New York Stock Exchange

12 March
1365 - University of Vienna founded
1970 - Digital Equipment Corporation introduces PDP-11 minicomputer
1986 - 210.25 million shares traded in New York Stock Exchange


March 2023:
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)

More events are available on site e-malt.com

News Articles

Brewery news USA: Interest in direct-to-consumer beer shipping continues to go up
Interest in direct-to-consumer (DtC) beer shipping continues to go up according to the newest Direct-to-Consumer Beer Shipping Report from Sovos ShipCompliant and the Brewers Association, the Craft Brewing Business reported on March 9.

Actual demand has increased 5.3% since 2022, despite industry challenges and political opposition. Plus, 79% of regular craft beer drinkers would purchase more craft beer if they were able to have it shipped directly to their home, up from 75% in 2022. And that is the main thing holding back demand: Many states still do not allow it.

“The DtC shipping market holds a great deal of interest for regular craft beer drinkers,” said Larry Cormier, vice president and general manager, Sovos ShipCompliant. “We’ve seen a year-over-year increase in demand for trying beer shipped from out-of-state breweries. Results further suggest that breweries could experience positive word of mouth advertising from consumers, leading to increased sales via DtC.”

Sovos ShipCompliant commissioned The Harris Poll to conduct an online survey among 756 regular craft beer drinkers, (defined as Americans ages 21+ who drink craft beer at least once per month.)

Currently, there are approximately 9,400 breweries operating throughout the United States. However, DtC beer shipping is only legal in 12 locales (11 states ...More info on site

Brewery news Canada, ON: Carlsberg completes acquisition of Waterloo Brewing
The Carlsberg Group announced on March 10 the successful acquisition of all the issued and outstanding common shares of Waterloo Brewing. The sale was approved by over 99% of Waterloo Brewing shareholders in a vote that took place on February 23 and all legal steps have now been finalised. Following the approval by Waterloo Brewing shareholders, the transaction was formally completed on Tuesday, 7th March.

Carlsberg Group CEO Cees ’t Hart says about the acquisition:

“One of the priorities of our SAIL’27 strategy is to grow our business in attractive markets where we are small today, such as Canada. The acquisition of Waterloo Brewing significantly improves our growth prospects in the Canadian market.”

Carlsberg’s international beer and cider portfolio complements Waterloo Brewing’s portfolio of local beers and ready-to-drink (RTD) beverages, creating a highly competitive company in the Canadian beer and RTD market. In addition, Waterloo Brewing’s production facility in Kitchener, Ontario, will produce some of the Carlsberg Group’s brands, including Somersby cider, which has been produced at Waterloo Brewing since 2020.

Waterloo Brewing President and CEO George Croft says:

“We’ve enjoyed a close relationship with Carlsberg and are excited about becoming part of one of the largest brewing companies in the world.”

About Waterloo Brewing

Waterloo Brewing ...More info on site

Brewery news USA, NC: Burgaw Brewing set to open on Saint Patrick’s Day in downtown Burgaw
Burgaw Brewing, the first brewpub in the town, is set to open up on Saint Patrick’s Day, March 17, at 103 S. Wright Street in downtown Burgaw, according to an announcement from the company.

The building is 4,000 square feet and houses a 10-barrel brewing system. The bar and dining area seats about 100 guests, and work is ongoing on a beer garden for outdoor seating.

It will have guest taps from local breweries at first but expects to add about 12 of its own brews and a draft margarita on tap over the next few months. Burgaw Brewing’s flagship will be the “103 Lager,” a German lager.

The menu will include the Burgaw Burger, a smoked pork loin sandwich, a smoked chicken Philly and a sausage hoagie. As for sides, guests can expect to see fish and chips, nachos, chili cheese fries and smoked chicken wings with house-made sauces. The business plans to smoke all of the meats in-house.

“Kevin Kozak is a professional brewer who has been in the industry since 2004 and was the former head brewer at Wilmington’s first brewpub, Front Street Brewery. In addition to his brewing experience, Kevin has held nearly every position within the restaurant industry. Emmaline, ...More info on site

Brewery news USA, WA: Structures Brewing opens new Old Town Brewpub in former Chuckanut Brewing location
Bellingham, Washington is undoubtedly among the best beer cities in the pacific northwest with with nearly 20 breweries, most of them good to great and many worth traveling for. Structures Brewing and Chuckanut Brewing are two of their brightest stars, so it was considered a major blow when Chuckanut decided to leave their original founding home on W. Holly street and open a taproom in Portland instead. Luckily for fans of their beer, Structures Brewing saw an opportunity to expand their long in-demand and in-short supply beers with a new brewery and their first full service restaurant while Chuckanut is doubling the size of their brewery in nearby Burlington. It’s a win/win, the New School beer + Cider reported on March 8.

“It is a great location,” says Structures Brewing founder James Alexander about the upcoming Structures Brewing on Holly St. in Old Town Bellingham, “The vision since 2015 has been to open a second location. And when we caught wind that 601 W Holly was going to be for sale, we moved on it. I am so stoked for them [Chuckanut] at their spot in Skagit. The beer they make is incredible, and their new build out is going to ...More info on site

Brewery news UK: Budweiser Brewing Group is predicting huge opportunity for the off-trade this summer
With economic uncertainty continuing, there is ongoing pressure on disposable incomes impacting UK’s consumer spending, the Talking Retail reported on March 7.

Budweiser Brewing Group UK&I – which brews some of the UK’s best-loved beers – is bucking this trend, forecasting a 5.3% growth in the off-trade compared to 2019.

In response to the cost-of-living crisis, consumers are looking to cut back on their spending, resulting in fewer trips to pubs and restaurants, with 60% of on-trade customers saying they will visit hospitality venues less frequently.

As a result, Budweiser Brewing Group is predicting a huge opportunity for the off-trade this summer to capture some of this spend with beer remaining an affordable luxury.

“The past couple of years have been difficult for businesses across the country and as the cost-of-living crisis continues to dominate, there are still challenges for retailers to face,” says Maria Neves, head of category, Budweiser Brewing Group.

“However, there’s also a huge opportunity for retailers to capture consumer spend. Trends that we saw emerge during the pandemic are now becoming long-term habits so retailers must ensure they are responding to changing consumer demands. Understanding the new economic landscape and what to prioritise on shelf, will be key for retailers to ...More info on site

Brewery newsWorld: Barley trade forecast slightly up in USDA’s March report
Global barley trade forecast for 2022/23 is slightly up this month, at 30.316 mln tonnes, vs. 29.916 mln in the February forecast, USDA said ...More info on site

Barley newsEU: Barley exports total 4.06 mln tonnes so far in 2022/23
Soft wheat exports from the European Union in the 2022/23 season that started in July had reached 21.02 million tonnes by March 5, up ...More info on site

Brewery newsSouth Africa & Namibia: Heineken gets final antitrust body approval for Distell and Namibia Breweries purchase
The South African Competition Tribunal has approved Heineken's offer to acquire control of Distell Group Holdings Limited, paving the way for the creation of ...More info on site

Brewery news The Netherlands: Heineken successfully prices EUR2 bln of Notes
Heineken N.V. announced on March 9 that it has successfully placed €500 million of 1.5-year Notes with a coupon of 3.875%, €750 million of 7.5-year Notes with a coupon of 3.875% and €750 million of 12-year Notes with a coupon of 4.125%.

The Notes will be issued under the Company's Euro Medium Term Note Programme and will be listed on the Luxembourg Stock Exchange.

The proceeds from the Notes issuance will be used for general corporate purposes, including the financing of acquisitions. The maturity dates of the Notes are 23 September 2024, 23 September 2030 and 23 March 2035.

Deutsche Bank, HSBC, ING, J.P. Morgan and Société Générale acted as active book runners. ABN Amro, ANZ, Barclays, BBVA, BNP Paribas, CIC, Citibank, Credit Suisse, Banca Intesa, Rabobank, Raiffeisen and Santander acted as passive book runners.

Brewery news India: Craft beer maker Bira 91 raises $10 million from Japan's MUFG Bank
Indian craft beer maker Bira 91 has raised $10 million from Japan's MUFG Bank, the companies said in a statement on March 9, as the New Delhi-based brewer looks to ramp up production and tap rising demand, The Economic Times reported.

The investment comes more than three months after it secured $70 million in a funding round led by Japanese beer maker Kirin Holdings Co.

Bira 91 holds a market share of 5% across key regions in India, tripling its pre-COVID numbers, the statement said.

Craft beer sales are on the rise in the country as younger, affluent consumers in big cities choose brands and pubs that make lighter brews and promise fresher ingredients.

Bira 91 competes with brands such as Carlsberg, Heineken, AB InBev -owned Budweiser and local giant Kingfisher in India.

Bira did not disclose its valuation or MUFG's stake in the company after the funding round.

"The Indian beer market is booming, owing to factors such as changing lifestyle of consumers, a growing preference for the alcoholic beverage and rising brand consciousness regarding imported and premium beers," Yasuhide Hayashi, executive officer at MUFG Bank, said in the statement.

Brewery news South Korea & Japan: Japanese beer imports in South Korea reach highest figure in three and a half years
Japanese beer imports in January hit the highest figure in three and a half years, according to the Korea Customs Service on March 7. Japanese beer imports reached $2,004,000 in the first month of 2023, a 314.9 percent increase on year. This was the highest figure since a trade dispute between Korea and Japan began in July 2019, when Japan slapped controls on exports of key materials for semiconductors and displays to Korea.

The move, widely believed to have been in retaliation for Korean court rulings ordering the liquidating of Japanese corporate assets to compensate victims of Japanese wartime forced labor, sparked a Korean consumer boycott of Japanese products, including Japanese beer. Korean imported $434 million of beer that month, but imports dived to $223,000 in August and plunged further to $6,000 in September. Popular Japanese beers like Asahi, Sapporo and Kirin were nowhere to be found in stores for a while. Japanese beer imports bounced back to $1.5 million in March last year, surpassing the $1 million mark for the first time since the trade dispute as anti-Japanese sentiment abated. Beer imports remained above $1 million between May and December and exceeded $2 million in January. Beer imports in January ...More info on site

Hops news South Africa: Hop farmers manage to maintain growth momentum
While South African barley and hop farmers have been able to maintain growth momentum, beer breweries are struggling to find their feet post-Covid due to a decline in consumer demand, the foodformzansi.co.za reported on March 8.

During an annual hop harvest tour hosted by South African Breweries (SAB) in George in the Western Cape, vice president for SAB, Zoleka Lisa, painted a “happy and hoppy” outlook for their beer company and farmers that supply SAB.

According to Lisa, Mzansi’s hop industry created an annual revenue of R90 million and about 1 500 jobs in the Southern Cape.

Lisa said the hop industry is 409 hectares in 2023, ranging from three cooperate farms, one research farm, seven private farms, and lastly, two black farmers in the country.

“South Africa produces nine hops varieties which are locally utilised and exported internationally. A total of 409 hectares of hops are currently cultivated in the George region [alone],” she said.

While farmers are exploring other regions, George is the only region in South Africa where the conditions are just right for hop growing.

Lisa added that local barley production increased by 70% in the last five years, as well as collaborations with various research institutions on barley hops, canola, wheat, ...More info on site

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