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E-Malt.com Newsletter 12a
March 20 - March 22, 2023
Quote of the Week
You can't let your failures define you. You have to let your failures teach you.
Barack Obama
Currency Rates
Base Currency: US Dollar
on March 22, 2023 |
Base Currency: Canadian Dollar
on March 22, 2023 |
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1 USD = 0.9303 EUR
1 USD = 0.8172 GBP
1 USD = 1.3692 CAD
1 USD = 1.4972 AUD
1 USD = 131.9800 JPY
1 USD = 5.2375 BRL
1 USD = 77.1678 RUB
1 USD = 6.8765 CNY
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1 CAD = 0.7303 USD
1 CAD = 0.5967 GBP
1 CAD = 0.6794 EUR
1 CAD = 1.0933 AUD
1 CAD = 96.3796 JPY
1 CAD = 3.8247 BRL
1 CAD = 56.3524 RUB
1 CAD = 5.0217 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada, QC: Yakima Chief Hops opening distribution warehouse in Brossard
...Click here
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USA, MA: Doctor’s Island Brewing Company being launched by local couple in Hull
...Click here
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USA, PA: CoStar Brewing breaks ground on Etna brew pub
...Click here
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USA, WI: Wisconsin Brewing Company set to open pilot brewery within Wisconsin Brewing Company Park in Oconomowoc
...Click here
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USA, SC: Magnetic South Brewery opens its Greenville facility
...Click here
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USA, KY: Kyros Brewing Co. soon to open in Louisville’s Portland neighbourhood
...Click here
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USA, MN: Broken Clock Brewing Cooperative opening new location in Minneapolis
...Click here
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Hungary: Beer makers facing soaring raw ingredients and energy costs
...Click here
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EU: Late February/early March weather provides much needed moisture for barley plantings
...Click here
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Australia: Good soil moisture conditions boost potential for reasonable barley crop 2023 outcome in Australia
...Click here
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Argentina: Current degree of farmer barley selling estimated at about 63% of the total 2022 crop
...Click here
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South Africa: Heineken’s takeover of Distell passes final regulatory hurdle
...Click here
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Australia: Buff barley variety gets malting accreditation from Grains Australia
...Click here
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Graph of the Week
Table of the Week
EU Roasted Malt Exports
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
20 March
1886 - 1st AC power plant in U.S. begins commercial operation, Massachusetts
1991 - U.S. forgives $2 billion in loans to Poland
2000 - Shares in MicroStrategy Inc., a hot software consulting firm, fall from $246.75 to $86.75 in a single day as chairman Michael Saylor announces that the company will have to slash its reported revenues and earnings for the past two years
21 March
1868 - In London, the prospectus for the earliest known mutual fund is published as the Foreign and Colonial Government Trust offers its shares to the public for 85 pounds sterling
1906 - John D Rockefeller III is born, billionaire philanthropist (oil)
1986 - 199.22 million shares traded in New York Stock Exchange
1986 - Pittsburgh Associates buy Pittsburgh Pirates for $218 million
22 March
1895 - Auguste and Louis Lumiere show their 1st movie to an invited audience
1933 - Franklin D. Roosevelt makes wine and beer with up to 3.2% alcohol legal
1960 - 1st patent for lasers, granted to Arthur Schawlow and Charles Townes
Agenda
March 2023:
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: Craft Beer China 2023 (Shanghai, China)
30 - 01 June: Beviale Mexico 2023 (Mexico City, Mexico)
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)
12 - 13: IGC Grains Conference 2023 (London, UK)
13 - 14: VLB Africa Brewing Conference 2023 (Douala, Cameroon)
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, QC: Yakima Chief Hops opening distribution warehouse in Brossard
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Yakima Chief Hops (YCH) is opening a distribution warehouse in Brossard, Quebec on the south shore of Montreal in the summer of 2023. The new facility will hold over one thousand pallets of hops, create four new jobs, and make YCH the largest hop supplier in Canada, the company said in a press release.
“This is a huge turning point for the whole Canadian brewing industry. I’m excited for our brewers. Long-term customers have been asking for this, now all current and future customers will be able to get the best quality hops on the market at a great price, in a timely manner” says Luc Beaulieu, Director of Sales Canada.
All YCH brands, including Cryo™, extracts, and NZ Hops, will be available to pick up or ship from the new facility. The premium hop hub will be poised to serve Quebec, Ontario, all the Maritime provinces, and Manitoba.
Onsite construction will begin in April, adding refrigeration systems for exceptional cold storage ability. In September, the space will be fully operational, and as harvest gets underway, 2023 crop-year hops will be available for shipment.
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USA, MA: Doctor’s Island Brewing Company being launched by local couple in Hull
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Anyone driving by the former Hull’s Kitchen on Hull Shore Drive has noticed that something is new is brewing – literally – as a local couple plans to launch Doctor’s Island Brewing Company at the location this summer, The Hull Times reported on March 19.
After years of home brewing in Hull for their friends, family, and early adopters, founders Greg and Michelle Hoffmeister plan to launch the taproom that looks out at the actual Doctor’s Island – the more common name of Black Rock Island, just off Black Rock Beach at the Hull-Cohasset line.
“Greg and I have exercised patience in trying to find the perfect location, and I think we really landed on something special here,” Michelle Hoffmeister said. “The former owners of the space had spent many summers in the restaurant industry and were looking to move on to different ventures, which opened up the perfect opportunity for us to continue operating the building as a fun destination for locals and beachgoers alike.”
The new owners bought the site on Dec. 22 for $825,000 from Jeffrey and Jane Wicks, who had owned the property since 2007.
The Hoffmeister family owns Black Rock Island, and said the Doctor’s Island name came from
...More info on site
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USA, PA: CoStar Brewing breaks ground on Etna brew pub
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For more than a decade, the crew that owns CoStar Brewing had looked for a place in the area to open a brew pub, but they weren’t able to find anything suitable. Then, the borough of Etna reached out to CoStar co-founders Dominic Cincotta and Jeff and Caitlyn Hanna, TribLIVE.com reported on March 17.
On Feb. 28, they began construction on a brew pub in the 300 block of Butler Street, next to The Shiny Bean Coffee & Tea.
“It’s kind of a generic story these days. At the time we (started), the only microbreweries in town pretty much were East End (Brewing Company), Church Brew Works and Penn (Brewery). We were home brewing and people wanted to buy the beer, so we kind of stumbled through the process and opened in a garage,” Cincotta said.
After home brewing a variety of successful beers in that garage in Highland Park — including a classic pale ale called Hopland; a dark aromatic brew called Coffee Stout; and a light colored beer with a wheat body called Strawberry Blonde — CoStar Brewing bought two adjacent lots in Etna. At its February meeting, Etna council approved a conditional use permit for CoStar to break ground on
...More info on site
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USA, WI: Wisconsin Brewing Company set to open pilot brewery within Wisconsin Brewing Company Park in Oconomowoc
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Verona-based Wisconsin Brewing Company, the parent company of the Lake Louie Brewing brand, is set to open its newest pilot brewery within Wisconsin Brewing Company Park in Oconomowoc on April 14, the BizTimes reported on March 20.
The new five-barrel pilot brewery is called Lake Louie Brewing – The DockHaus. It is located within the Baird Wealth Management Club at Wisconsin Brewing Company Park, the home of the Lake Country Dockhounds, an independent minor league baseball team that plays in the same league as the Milwaukee Milkmen.
The news of the company’s second brewery location aligns with Wisconsin Brewing Company’s announcement last fall that Lake Louie Brewing would be its only consumer-facing brand. Lake Louie is currently undergoing a total brand revamp complete with new packaging and a new visual identity.
Wisconsin Brewing Company also has plans to target the Milwaukee area in growing its Lake Louie brand.
“It has been a long time coming and the brewing team has spent the past couple of months making sure everything is ready to go. The trial runs have been fantastic, and we cannot wait to unveil this gem to Wisconsin beer lovers,” said Paul Verdu, president of Wisconsin Brewing Company. “We are so proud to
...More info on site
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USA, SC: Magnetic South Brewery opens its Greenville facility
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Magnetic South Brewery opened its Greenville location at Judson Mill March 17, the Upstate Business Journal reported.
The brewery serves craft beverages with light and dark lagers, IPAs, session beers and sours, as well as food including a variety of sandwiches and salads.
The brewery is open:
11 a.m.-10 p.m., Thursday-Saturday
Noon-8 p.m., Sunday
4-9 p.m., Monday and Wednesday
Magnetic South opened its Anderson location in September 2021. The brewery also plans to open a Clemson location summer 2023.
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USA, KY: Kyros Brewing Co. soon to open in Louisville’s Portland neighbourhood
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At the soon to open, Kyros Brewing Co., located at 2425 Portland Ave. in Louisville, there are six co-owners, with three toddlers and a baby on the way that make up the "team" that runs the beer garden, the Courier-Journal reported on March 22.
Co-owners Rich and Cameron Shanks, Taylor and Sarah Diaz, and Nooch and Jeana Saeedi initially bonded over their faith at Kingdom Life Church, but it wasn’t until the pandemic that their shared love of craft beer and homebrewing would inspire them to open their own brewery.
"I kept joking about starting a brewery and then one day I was like, 'Nooch, you know I'm not joking about starting a brewery, right?' And then it kind of all came from there," Taylor said.
In 2020, the Shanks started remodeling their house in the Douglass Hills area right as the pandemic halted everything. Suddenly forced out of their house for renovations, they found themselves staying with the Saeedi family in the Portland neighborhood.
Every evening during their two weeks stay, the Shanks' found themselves enjoying "porch time" — a socially distant, outdoor gathering with their friends and some of Taylor and Nooch's homebrewed beers.
Taylor, who is the Kyros
...More info on site
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USA, MN: Broken Clock Brewing Cooperative opening new location in Minneapolis
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The brewery scene is getting a little bigger in the Twin Cities.
Broken Clock Brewing Cooperative in northeast Minneapolis is opening a new location along the Mississippi River, KSTP reported on March 18.
Co-founder Jeremy Mathison said the decision came after it became clear that the brewery either needed to expand or become a smaller version of itself. Mathison said it was an easy decision because they did not want to lay off workers.
The brewery will also feature a vinyl lounge that can be rented out for events. It is described as a ‘huge lounge” dedicated to listening to music on vinyl and drinking beer.
The brewery also hopes to take full advantage of its riverfront location, with plans for a river deck and a landing dock in the works.
The public soft opening took place during the weekend of March 17-19.
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Hungary: Beer makers facing soaring raw ingredients and energy costs
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Problems are brewing for Hungary's beer makers. The cost of raw ingredients has doubled, and that, along with rising energy costs, is driving up prices for drinkers, Europe – CGTN reported on March 18.
Zoltan Reketye, a pioneer of Hungary's craft beer industry, says he has to pay more to make his brews.
In 2014, he founded the country's first specialist micro-brewery, which now pumps out nearly a quarter of a million litres a year.
"Raw material prices for the barley doubled; energy prices went up anywhere from 300 to 1,000 percent," said Reketye, owner of Reketye Brewing Company.
The cost of ingredients has been soaring - and that's seriously drained their profits.
A key reason for the rising cost of barley and other grains is the recent wave of severe droughts in Europe.
The energy crisis has also taken a toll on brewers. But that's not all; even the cost of bottling beer has increased.
Just four companies are responsible for most of Europe's glass production, and one of them has factories in Ukraine that have been affected by the fighting. There's even a shortage of aluminum to make beer cans.
"It doesn't really matter how much you end up paying for cans; you can't get them
...More info on site
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EU: Late February/early March weather provides much needed moisture for barley plantings
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The weather at the end of February-early March, across most of northern Europe, provided much needed moisture, and addressed dry conditions across France, RMI
...More info on site
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Australia: Good soil moisture conditions boost potential for reasonable barley crop 2023 outcome in Australia
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The potential for a reasonable barley crop 2023 outcome in eastern Australia is boosted by relatively good soil moisture conditions at present, RMI Analytics
...More info on site
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Argentina: Current degree of farmer barley selling estimated at about 63% of the total 2022 crop
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From a crop 2022 production of 3.8 mln tonnes, the current degree of farmer selling is 2.4 mln (about 63%) and thus with open
...More info on site
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South Africa: Heineken’s takeover of Distell passes final regulatory hurdle
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Heineken’s bid to take control of Distell Group Holdings Limited (Distell) has passed its final regulatory hurdle, with South African Competition Tribunal approving the Dutch brewer’s offer, The Shout reported on March 20.
After previous approvals from the Namibia Competition Commission, the Common Market of Eastern & Southern Africa and all other relevant jurisdictions, the way is now paved for the creation of a regional African beverage champion.
In November 2021, Heineken announced its intention to acquire control of Distell and Namibia Breweries Limited, which were to be combined with Heineken South Africa (HSA) into a new Heineken majority-owned business (Newco).
Heineken CEO and Chairman of the Executive Board Dolf van den Brink said: “We are delighted the Competition Tribunal has approved the deal. We are very excited to bring together three strong businesses to create a regional beverage champion, with a unique multi-category offer to better serve consumers, customers and create shared societal value across Southern Africa.
“We are committed to being a strong partner for growth and making a positive impact in the communities in which we operate, and the proactive and comprehensive public interest package we’ve put forward is testament to that.”
In a statement Heineken said the approval gives the green
...More info on site
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UK: SIBA publishes sustainability strategy
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A new sustainability strategy has been published by the Society of Independent Brewers (SIBA) to help independent breweries meet the ambitious government net zero targets, Beer Today reported on March 19.
Launched at brewing industry trade event BeerX, Brewing Our Way to Net Zero includes a consultation with breweries, suppliers, and others across the UK before being implemented.
This comes as the latest 2023 YouGov Craft Report consumer poll shows almost half of consumers (48%) believe that sustainability credentials of a brewer is an important factor when choosing a beer. For female consumers this increases to 52%, with 55% of younger consumers saying it is important.
In his introduction to the report, Andy Slee, SIBA’s chief executive, highlights the fact that brewers already take many positive measures to lessen their environmental impact. But more still needs to be done.
“In many respects, small independent breweries lead the way in sustainability,” he says. “Their core product is locally produced beer, 66% of which is packaged into reusable containers and sold to community pubs, predominantly within a 40-mile radius of the brewery.
“There are also many breweries who have placed environmentalism front and centre of what they do, with astonishing results. Water usage down
...More info on site
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Australia: Buff barley variety gets malting accreditation from Grains Australia
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Grains Australia has accredited Buff following its submission by Western Australian-based seed company InterGrain for evaluation, Grain Central reported on March 20.
Buff barley is a quick-maturing, acid soil-tolerant and high-fermentability variety, and is intended to be grown in the lower-rainfall districts of WA’s northern and central grain-growing zones, and south-western New South Wales.
It has been grown for some years with success, but deliverable only into feed segregations ahead of its accreditation, which makes it eligible for delivery into malting segregations from the 2023-24 harvest.
Buff is being marketed as an alternative to wheat for acidic and sandy soils, and boasts higher yield and improved disease resistance when compared with the previous acid-tolerant barley, Litmus.
Buff has consistently demonstrated a yield advantage over Litmus in acidic and sandy environments, where pH is below 5.5, and a significant yield advantage in neutral soil types.
Based on 2018-22 National Variety Trial MET yield results, Buff offers an 8-10 percent yield improvement over Litmus.
InterGrain chief executive officer Tress Walmsley said Buff offered growers of barley on challenging acidic and sandy soils the possibility of increased profitability with potential malt premiums.
“The Buff malt success story reflects the hard work of InterGrain’s team, including breeder David Moody…plus growers who
...More info on site
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