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E-Malt.com Newsletter 12b
March 23 - March 26, 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 24, 2023 |
Base Currency: Canadian Dollar
on March 24, 2023 |
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1 USD = 0.9192 EUR
1 USD = 0.8127 GBP
1 USD = 1.3683 CAD
1 USD = 1.4895 AUD
1 USD = 130.9150 JPY
1 USD = 5.2545 BRL
1 USD = 76.3084 RUB
1 USD = 6.8272 CNY
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1 CAD = 0.7307 USD
1 CAD = 0.5939 GBP
1 CAD = 0.6717 EUR
1 CAD = 1.0884 AUD
1 CAD = 95.6652 JPY
1 CAD = 3.8397 BRL
1 CAD = 55.7617 RUB
1 CAD = 4.9890 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Beer sales data continues to reflect ongoing challenges
...Click here
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Canada: Barley supplies projected sharply up in 2022-23
...Click here
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USA, VA: New Belgium Brewing buying Constellation Brands facility in Daleville
...Click here
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USA, NJ: Autodidact Beer to start serving customers this weekend
...Click here
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USA, RI: Iron Stag Brewing planning July opening in Cranston
...Click here
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USA, UT: Chappell Brewing hosts its grand opening in South Salt Lake on March 24
...Click here
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USA, MA: Loophole Brewing planning new brewery in Springfield
...Click here
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World: Analysts forecast continued and steady recovery for global beer volume growth
...Click here
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Germany: Number of breweries declines to 1,507 in 2022
...Click here
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World: Lower barley prices reported across the board
...Click here
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EU & UK: Barley prices are down in France, Denmark, and the UK
...Click here
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UK: Craft beer sales still short of pre-pandemic levels, SIBA report says
...Click here
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Ireland: Irish Distillers and Heineken to help barley farmers adopt regenerative agricultural practices
...Click here
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UK: Britain’s oldest brewer warns of prices hike in its pubs
...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
23 March
1836 - Coin Press invented by Franklin Beale
1857 - Elisha Graves Otis installs the world's first safety elevator for passengers in the E.V. Haughwout and Co. store in New York City
1861 - London's 1st tramcars, designed by Mr. Train of New York, begins operating
1951 - Wages in France increase 11%
24 March
1867 - Metropolitan Life Insurance Co. forms
1898 - 1st automobile sold
1955 - 1st seagoing oil drill rig placed in service
25 March
1814 - Netherlands Bank established
1954 - RCA manufactures 1st color TV set (12 1/2'' screen at $1,000)
1957 - Treaty of Rome establishes European Economic Community (Common Market)
1970 - Concorde makes its 1st supersonic flight (700 MPH/1,127 KPH)
26 March
1780 - The British Gazette and Sunday Monitor was published for the first time. It was the first Sunday newspaper in Britain
1885 - Eastman Kodak (Eastman Dry Plate and Film Co.) produced the first commercial motion picture film in Rochster, NY
1996 - The International Monetary Fund approved a $10.2 billion loan for Russia to help the country transform its economy
Agenda
March 2023:
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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USA: Beer sales data continues to reflect ongoing challenges
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US beer sales data continues to reflect the ongoing challenges for many beer categories, including craft, FMB/seltzers, and cider in January this year, RMI
...More info on site
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Canada: Barley supplies projected sharply up in 2022-23
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For 2022-23, Canadian barley supplies are projected at 10.6 million tonnes (Mt), up sharply from last year’s record low of 7.9 Mt. This is primarily due to a rebound in production compensating for record low carry-in stocks, Agriculture and Agri-Food Canada said in its March report.
As a result of the recovery in supply, demand for both domestic use and exports is expected to increase significantly from last year. Total domestic use is forecast at 6.0 Mt, up 28% from last year on higher feed and industrial use. Total exports are projected at 3.7 Mt, up 37% from last year, with additional support from the United States Department of Agriculture’s (USDA) data which shows a decrease in production for some of the world’s major barley exporting countries and, respectively, a lowered export outlook. The major international destinations for Canadian barley and products include China, the US, Japan and Mexico.
Carry-out stocks are projected at 0.9 Mt, rising sharply from last year’s record low and marginally
above the previous five-year average.
There was a downward trend seen over the past month in the Lethbridge feed barley price. For the crop year to-date, the Lethbridge feed barley price averaged around C$418/tonne (t). For the entire crop
...More info on site
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USA, VA: New Belgium Brewing buying Constellation Brands facility in Daleville
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New Belgium Brewing has announced it has struck an agreement to acquire the Constellation Brands facility in the Botetourt Center at Greenfield in Daleville, according to Botetourt County.
“New Belgium Brewing is a nationally recognized name, and we are excited to learn more about the production plans of New Belgium brands right here in Botetourt County,” says Botetourt County Director of Economic Development Ken McFadyen.
The New Belgium Brewing agreement is to acquire Constellation Brands’ 259,000-square-foot production brewery, according to the company. This agreement pertains to the facility itself and will include offers for continued employment by New Belgium for all current employees. The deal is expected to close in early May.
New Belgium Brewing says the acquisition will expand New Belgium’s existing production capacity to help meet growing demand for its craft beer portfolio, including Voodoo Ranger. Upon completion of the deal, New Belgium plans to immediately commence brewing at Daleville, focusing on Voodoo Ranger Juice Force IPA.
The transaction will also benefit the community, says the company, ensuring the continued operation of the state-of-the-art Daleville facility. All of Daleville’s approximately 60 workers will be offered a “seamless transition to New Belgium employment at equal or greater pay than before. A certified B
...More info on site
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USA, NJ: Autodidact Beer to start serving customers this weekend
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The highly anticipated new brewery in Morris Plains will finally start serving customers this weekend, the Patch reported on March 21.
Autodidact Beer, located at 1745 Route 10, Suite 6, in Morris Plains, is set to open its doors starting Friday, March 24.
Founders Ronnie Scouten and Ron Cassel said the hours for their opening weekend will be Friday from 4 p.m. to 10 p.m. and on Saturday from 12 p.m. to 10 p.m. The brewery will be closed on Sunday.
"These are just the hours for our opening weekend. We will be expanding them quickly," Casselsaid on the business's website.
Autodidact Beer is set to open on Route 10 East — a stretch in the vicinity of Wegmans, the new Uncle Giuseppe's Marketplace and restaurants such as Tommy's Tavern + Tap and Capital Grille.
"Autodidact strives to brew the best beers we can while pushing the boundaries of what we know and love about it," Scouten and Cassel said in a joint statement. "At our core, we are passionate about exploration, nature, art, and culture. We believe that personal experiences and community bonds are what define our shared human experience. With Autodidact, we want to create beers that bring people together over the things
...More info on site
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USA, RI: Iron Stag Brewing planning July opening in Cranston
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Peek inside the storefront at 72 Rolfe Square in Cranston, next to the permanent Saugy food truck, and you can see the bones of what could become, by this summer, a new brewery with a very old twist, the Providence Journal reported on March 22.
Steel beams demarcate what will become the foyer, the bathrooms, the taproom and brewery, while a 16-foot garage-style glass door sits, unassembled and wrapped in cardboard, set to replace a brick wall. Even wood scaffolding is built and ready for the moment that Iron Stag Brewing has its final permits from the city and contractors can start building out the space.
Brewer Nate Tessier said the hope is the new brewery can open by July. While they have all the permits required to start brewing beer, the space needs to be built out, the walk-in cooler assembled and the first brews kegged.
President A.J. Kilroy said they want to build a brewery for the community and the neighborhood.
"We want to be a permanent fixture," Kilroy said.
The craft beer market in Rhode Island is filled with India pale ales and saisons, sours and lambics, ranch waters and hard seltzers, bringing bitter hops and barnyard funk.
Tessier, who used to work
...More info on site
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USA, UT: Chappell Brewing hosts its grand opening in South Salt Lake on March 24
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A brewery is the latest addition to the fast-growing entertainment district amid the warehouses of South Salt Lake, Axios.com reported.
Chappell Brewing hosts its grand opening at noon Friday, March 24 with two beers on tap.
The brewery is at 2285 S. Main St., behind the Old Cuss Cafe, in a small and improbably attractive strip mall with patios, a courtyard and murals.
The brewery is part of a larger transformation of the once-industrial area west of State Street into South Salt Lake's "creative industries zone."
Bars are playing a leading role in the neighborhood, which is sometimes referred to as Brewery Row or Distillery Row.
Chappell is one of seven breweries and distilleries within about a half-mile of each other between 2100 South and 2700 South.
A few other restaurants and entertainment venues like Pat's BBQ, The Commonwealth Room and Bonwood Bowl are in the area.
Chappell will be Salt Lake's smallest brewery, owner Tim Chappell told Axios, and plans to offer two to five beers at a time.
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USA, MA: Loophole Brewing planning new brewery in Springfield
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Loophole Brewing is planning to open a brewery and taproom in downtown Springfield, according to owner Jeff Goulet, masslive.com reported on March 24.
Loophole Brewing is a New England-based brewing company that also brews its own brand of beer. Its site features 13 regular brands varying from New England IPAs to German ales, along with 18 other special edition brews.
The company will expand to 51-59 Taylor St., and will be on the first floor of the building in Springfield, Goulet said. There will be an event space featuring live music, he said.
Goulet also said Todd Snopkowski, owner of SnapChef and partner in Loophole Brewing, will be on the third floor of the Taylor Street building.
In Sept. 2019, the company opened its first brick-and-mortar location in Holyoke, and it opened another location in April 2021 in Chicopee.
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World: Analysts forecast continued and steady recovery for global beer volume growth
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RMI Analytics’ forecast for global beer volume growth is a continued and steady recovery from the Covid-19 pandemic disruption, the analysts said in their
...More info on site
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Germany: Number of breweries declines to 1,507 in 2022
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The number of breweries in Germany totalled 1,507 in 2022 – almost 3% below the pre-pandemic 2019, the German Brewers Association reported.
Over the last
...More info on site
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World: Lower barley prices reported across the board
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Industry observers are reporting lower barley prices across the world, RMI Analytics said in their latest report.
Australia retains the position as the lowest price
...More info on site
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EU & UK: Barley prices are down in France, Denmark, and the UK
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French barley prices are down in both Creil and Mosel, with crop 2022 finished trading and quotes are mostly nominal at this stage, RMI
...More info on site
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UK: Craft beer sales still short of pre-pandemic levels, SIBA report says
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Eight out of ten people in the UK believe that a well-run independent brewery has a positive effect on its local community, according to
...More info on site
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Ireland: Irish Distillers and Heineken to help barley farmers adopt regenerative agricultural practices
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Jameson whiskey owner Irish Distillers and Heineken Ireland will work together for three years to help barley farmers adopt regenerative agricultural practices, The Spirit Business reported on March 23.
The three-year study will support farmers to ultimately improve the economic and climatic resilience of malting barley farming in Ireland.
The pilot project is part of a global collaboration initiated by Heineken and Pernod Ricard, parent company of Irish Distillers, on the resilience of agricultural raw materials.
The project will aim to improve soil health, carbon retention, increase biodiversity, improve water quality and improve the livelihoods of farmers.
Additional measures to achieve this will include minimising soil disturbance, increasing crop diversity, increasing soil cover by maintaining living roots all year round, and reducing chemical inputs.
Kathryn D’Arcy, communications and corporate affairs director at Irish Distillers, said: “At Irish Distillers, we have a proud history of buying quality grain from Irish farmers to produce our whiskeys.
“In line with the Pernod Ricard 2030 sustainability and responsibility roadmap ‘Good Times from a Good Place’, we are committed to working in partnership with our suppliers to develop regenerative agricultural practices that enhance natural ecosystems and respond to the challenges of climate change.
“Through the regenerative agriculture pilot programme for malting barley,
...More info on site
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UK: Britain’s oldest brewer warns of prices hike in its pubs
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Britain’s oldest brewer has warned that prices in its pubs are set to go up, due to rising inflation and the cost of living crisis, Yahoo News reported on March 23.
Official figures on March 22 revealed there was a surprise jump in inflation to 10.4% last month following a period when it decreased.
Now Shepherd Neame, which has 303 pubs and hotels in south-east England – predominantly in Kent and London – has said that the pressures of inflation have negated their recent upturn in profits.
As a result, price rises in its bars are expected, the firm said.
Chief executive Jonathan Neame told Kent Online: "I think prices will continue to go up – that's inevitable.”
Neame said that food prices in the company’s establishments had not yet risen, but added: "We will do our level best to keep good value for money and try and keep the pub experience affordable for people, but there is still a significant amount of inflation."
He added that the hospitality sector had been experiencing inflation “significantly more than the headline national inflation” and is still suffering the effects of the pandemic and current cost of living crisis.
He said: "I think we'd have hoped it would have been
...More info on site
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