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E-Malt.com Newsletter 16a
April 17 - April 19, 2023
Quote of the Week
Nothing ever tasted better than a cold beer on a beautiful afternoon with nothing to look forward to than more of the same.
Hugh Hood
Currency Rates
Base Currency: US Dollar
on April 19, 2023 |
Base Currency: Canadian Dollar
on April 19, 2023 |
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1 USD = 0.9125 EUR
1 USD = 0.8053 GBP
1 USD = 1.3383 CAD
1 USD = 1.4864 AUD
1 USD = 134.1860 JPY
1 USD = 4.9559 BRL
1 USD = 81.6991 RUB
1 USD = 6.8742 CNY
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1 CAD = 0.7471 USD
1 CAD = 0.6017 GBP
1 CAD = 0.6817 EUR
1 CAD = 1.1105 AUD
1 CAD = 100.2540 JPY
1 CAD = 3.7027 BRL
1 CAD = 61.0394 RUB
1 CAD = 5.1359 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Brewers Association releases 2022 ranking of top 50 craft breweries in the US
...Click here
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USA & Mexico: Constellation Brands to invest US $1.2 bln in Mexico facilities
...Click here
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USA, GA: NoFo Brewing acquiers Tantrum Brewing of Cleveland, Georgia
...Click here
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USA: Bud Light off-premise sales down in 1st week of conservative-led boycott
...Click here
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USA, CA: BarrelHouse Brewing Co. buys historic airplane hanger to open new production facility
...Click here
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USA, OK: Legally Brewed launches in downtown Norman
...Click here
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USA, NC: By the Beach Brewing aiming to launch in Wilmington by the end of May
...Click here
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USA, MI: Mothfire Brewing Co. to move into its new home in Ann Arbor this spring
...Click here
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USA, RI: Providence Brewing Co seeks $1 mln grant to expand capacity
...Click here
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USA, NY: Seven Story Brewing announces closure at the end of June
...Click here
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USA, IL: Recess Brewing to close its doors on April 30
...Click here
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USA: 2022 craft beer production on par with 2021, market share by volume grows to 13.2%
...Click here
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World: Heineken reports steeper than expected decline in first-quarter sales
...Click here
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India: Heineken reports single-digit net revenue growth from India market in the March quarter
...Click here
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The Czech Republic: Beer output, per capita consumption increase in 2022
...Click here
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China: China’s top beverage body calls for lifting tariffs off Australian barley
...Click here
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The Netherlands & Russia: Heineken asks regulators to approve sale of its Russian business
...Click here
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Spain: Wheat, barley growers facing crop crisis due to winter drought
...Click here
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Australia & China: Australia optimistic China to end barley tariffs this year
...Click here
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Ukraine & EU: Poland, Hungary ban Ukrainian grain imports, Bulgaria considering the same
...Click here
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India: Pernod Ricard to challenge Delhi government’s order to deny renewal of sales licence
...Click here
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Slovakia: Slovakia joins ban on Ukraine farm products
...Click here
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The Czech Republic: Vinohradský Pivovar launches a second production facility
...Click here
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Graph of the Week
Table of the Week
UK Unroasted Malt Exports 1995 - 2023
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
17 April
1704 - 1st successful U.S. newspaper published in Boston by John Campbell
1933 - Pres. Franklin D. Roosevelt announces that he will issue an executive order embargoing exports of gold and free the exchange rate of the U.S. dollar to float against foreign currencies
1964 - Ford Mustang is introduced to the North American market
1989 - An all-financial-news TV service premieres, as CNBC airs its first market broadcast
18 April
1921 - Junior Achievement incorporated in Colorado Springs Colo
1948 - International Court of Justice opens at Hague Netherlands
1968 - London Bridge is sold to U.S. oil company to be erected in Arizona
19 April
1662 - Royal Society incorporates
1892 - Charles Duryea claims to have driven the first automobile in the United States, in Springfield, Massachusetts
1940 - 1st electron microscope demonstrated (RCA)
1948 - ABC-TV network begins
1971 - Launch of Salyut 1- the first space station
Agenda
April 2023:
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: Brewers Association releases 2022 ranking of top 50 craft breweries in the US
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United States’ Brewers Association released on April 18 its annual list of the top 50 producing craft brewing companies and overall brewing companies in the U.S., based on beer sales volume. Of the top 50 overall brewing companies in 2022, 40 were small and independent craft brewing companies.
“Breweries that managed to move up the list organically are often those that are adding incremental growth to the category,” said Bart Watson, chief economist, Brewers Association.. “Both beer and craft need to create new occasions and new beer lovers to find growth.”
Yuengling still holds the number one spot in craft brewing and has since at least 2014, followed by Boston Beer Co., whose volume includes Alchemy & Science, Angel City, Dogfish Head, Concrete Beach, and Coney Island brands. Sierra Nevada speaks for itself at 3, followed by Duvel Moortgat (Firestone Walk, Boulevard, Ommegang) and Gambrinus (Shiner & Trumer brands).
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USA & Mexico: Constellation Brands to invest US $1.2 bln in Mexico facilities
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Constellation Brands, a U.S. brewery and distillery conglomerate, has announced it will invest approximately US $1.2 billion in its Mexico facilities during the company’s
...More info on site
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USA, GA: NoFo Brewing acquiers Tantrum Brewing of Cleveland, Georgia
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NoFo Brewing, located just north of Atlanta, has acquired Cleveland, Georgia-based Tantrum Brewing. The deal was closed on April 17, the Beer Street Journal reported.
NoFo is acquiring the brewing equipment, 10,000+ square foot building, and 5.3 acres of land owned by Tantrum, located just two miles from the base of popular North Georgia hiking spot Mount Yonah.
This is NoFo’s third location in just over three years of operation, as the brewery will open a taproom in Gainesville, Georgia this summer. This move is part of NoFo’s strategy to dominate the North Georgia market.
“North Georgia is a special place for NoFo, and we think our brand will be an excellent addition to White County and the surrounding area. We look forward to serving customers in Cleveland very soon,” says Joe Garcia, Co-Founder and CEO.
Tantrum Brewing will retain its recipes and intellectual property. NoFo will not be brewing or maintaining any of Tantrum’s current lineup.
The Cleveland facility has a 30-barrel brewhouse which NoFo expects to have online by June. The sale will be complete on May 15th and will start re-branding the facility immediately. A distillery will be added to the site sometime this year as well.
NoFo tells Beer Street Journal that
...More info on site
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USA: Bud Light off-premise sales down in 1st week of conservative-led boycott
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Sales data is out now showing the first week of the conservative-led boycott of Anheuser-Busch InBev’s Bud Light brand following the world’s largest beer maker’s March Madness activation with Dylan Mulvaney, an influencer who documents her life as a transgender woman, Brewbound reported on April 17.
According to off-premise data from market research firm NIQ (formerly NielsenIQ) for the week ending April 8, packages of Bud Light showed accelerating sales and share declines, while Molson Coors’ competing light lager brands Coors Light and Miller Lite showed “a notable uptick” in sales and share, per Dave Williams of Bump Williams Consulting.
“That being said, while the increased declines for Bud Light were apparent, they were also not completely earth shattering in terms of magnitude,” Williams wrote. “Now, this will be interesting to monitor over upcoming weeks to see if this slide continues, but for now it looks to be rough, but not catastrophic.”
For the week ending April 8, Bud Light posted declines in off-premise dollar sales (nearly -7%), volume (-10.7%) and dollar share (-3.7%). By comparison, for the week ending April 1, Bud Light recorded declines in dollar sales (-1.6%), volume (-6.4%), and dollar share (-0.7%), according to NIQ data, shared by Williams.
“On
...More info on site
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USA, CA: BarrelHouse Brewing Co. buys historic airplane hanger to open new production facility
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BarrelHouse Brewing Co. the largest American family-owned brewery on the Central Coast, has purchased Sherwood Field Hanger, a historic airplane hangar that dates back to 1940 which will soon house their new production facility, American Craft Beer reported on April 17.
Located in East Paso Robles in an industrial neighborhood known as “Tin City” BarrelHouse Brewing has big plans for its future location appropriately named The Hanger.
The Hanger project consists of 100,000 square feet of conditioned space on 10 acres of property, which will house a larger brewhouse and new packaging equipment that will allow for the much-needed expansion of production.
This updated brewing facility will be even more energy efficient, utilizing state-of-the-art equipment and eco-friendly solar, water and CO2 technology. “BarrelHouse Brewing Co. strives to be good stewards of our environment,” stated Owner/Founder Jason Carvalho in the press release.
“Plans include an open market concept utilizing the 1940s hangar and surrounding grounds to service the growing population on Paso Robles’s east side. The dream is to partner with the very best local purveyors and artisans, showcasing the premium foods, beverages, and services the area has to offer while locals can enjoy community with family and friends.”
The Hanger’s legacy dates back to
...More info on site
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USA, OK: Legally Brewed launches in downtown Norman
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The founders of downtown Norman's newest brewery have a love for Norman, music and, of course, beer, Yahoo News reported on April 16.
Legally Brewed, which opened at 123 W. Main St., on Saturday, April 15, started over a decade ago as a home brewing operation for Tracy and Ashlie Mowdy and William Green.
It didn't take long for it to turn into weekend brewing parties with friends Teddy Whitehead and Becca Damron-Whitehead, and Shawn and Megan McElhiney.
"People seemed to like our beers, and it was kind of a market research type situation," Tracy Mowdy said. "I'm an attorney, so we went with Legally Brewed."
They all have day jobs, but will tell you beer is more than just a hobby.
In 2021, Equity Brewing, 109 E. Tonhawa St. contracted with them to feature their beer, and the positive reception grew.
Their chili and lime ale, Nolo Contendere, a legal term meaning no contest, is the one that started it all.
"It doesn't have the heat, but it has the aroma and flavor of the chilies and jalapenos with a little lime on the back end," Tracy Mowdy said. "That's been popular with all of our friends and is our flagship beer."
As the feedback from locals
...More info on site
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USA, NC: By the Beach Brewing aiming to launch in Wilmington by the end of May
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Coffee and beer: That’s the winning combination for a couple of healthcare workers making the switch from respiratory therapists to brewery owners, the Port City Daily reported on April 15.
Guy Gulutz and Kim Findley are in the midst of renovating a 4,000-square-foot warehouse and office space near Buffalo Wild Wings and Tex’s Bait and Tackle in Wilmington. They’re aiming to tap their first beer at By the Beach Brewing by the end of May and a few months thereafter incorporate a coffee shop as part of the venture.
“We were planning on opening before Covid,” Gulutz said. “And when Covid hit, we put everything on hold.”
They had been on the hunt for a location when 104 Old Eastwood Road caught their eye on Facebook Marketplace. It was formerly a remodeling shop and glass works business.
“It was pretty perfect for us,” Gulutz said.
Customers already were in place with a busy shopping complex nearby that houses Kohl’s, Home Depot, Hiro’s Japanese Restaurant and a Hampton Inn.
The warehouse is large enough for the hand-crafted bar Gulutz and Findley are building in the taproom, as well as the barrel system they’re installing to create the beer.
A separate building once containing offices will be
...More info on site
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USA, MI: Mothfire Brewing Co. to move into its new home in Ann Arbor this spring
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This spring, a new brewery and taproom will ‘hatch’ on Ellsworth Road in Ann Arbor. Mothfire Brewing Co. will be moving into their new home after three years refining their craft beer operation on Industrial Highway. This 6,000 square foot space at 713 W. Ellsworth Road will help the brand continue to spread its wings with state-of-the-art brewing equipment and space to host craft beer enthusiasts, artists, musicians and foodies. Mothfire is partnering with Ann Arbor Chefs Bobby Rosenberger and Kyle Young and their new venture, Carrozza Pizza, a new wood-fired school bus, focused on fresh, unique, ingredients and eclectic pairings with Mothfire beer, Brewbound reported on April 16.
Mothfire Brewing Co. will feature a design-forward taproom which opens up to a large 75+ person patio opening later this summer. The patio space will offer multiple fire pits, live music and immersive rotating art installations.
The brewery operations are helmed by head brewer Alexis Jorgensen, a California native, who has been part of the Michigan brewing scene for several years. Founders Noah Kaplan and David Becker have spent the last 1,000 days bringing the Mothfire Brewing Co. brand to life.
“Mothfire’s vision is all about sparking a cultural bonfire to gather the community
...More info on site
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USA, RI: Providence Brewing Co seeks $1 mln grant to expand capacity
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Providence Brewing Co (PVDBC), a historical brewery founded in 1814, is excited to announce its pursuit of a $1 million grant to fund the expansion of its brewing capacity and the launch of an innovative brewer incubator program. This initiative aims to preserve the brewery’s rich history while fostering a sense of community and providing opportunities for economic growth in the Providence area, Brewbound reported on April 17.
The grant funding will invest in new equipment and expand PVDBC’s production capacity from a 6-barrel to a 15-barrel brewery. This expansion will enable PBC to meet increasing product demand while supporting innovation and maintaining its commitment to the local community.
Additionally, PVDBC plans to establish a brewer incubator program to assist aspiring homebrewers in transitioning to professional brewing. This program will provide a safe, risk-controlled environment for participants to work alongside peers and professionals, gaining valuable knowledge and experience in the brewing industry.
Efren J Hidalgo, owner and operator of PVDBC emphasizes this initiative’s importance: “Our goal is not only to expand our brewery but also to give back to the community that has supported us throughout our journey. The brewer incubator program will offer a unique opportunity for aspiring brewers to learn, grow,
...More info on site
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USA, NY: Seven Story Brewing announces closure at the end of June
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Pittsford’s Seven Story Brewing has announced that come the end of June, they will be closing their doors, WHAM reported on April 16.
In a statement, the company said their landlords had decided not to renew their lease, which ends June 30.
"Our first priority is our employees, we will be doing all that we can to support them through this transition, including by offering opportunities at our sister Brewery, Lock 21 Brewing, and at future projects currently in the works," the statement said.
The owners also thanked the community for their support of the brewery, and said they will continue to being the energy until the doors lock up for the last time.
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USA, IL: Recess Brewing to close its doors on April 30
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Recess Brewing is officially closing its doors in downtown Edwardsville on April 30, but its space is set be filled by Sneaky's Burgers by May 2.
The announcement was made on April 15 on Recess Brewing’s Facebook page.
It read:
“There has been a lot of talk about what is happening down here at 307 N. Main Street. We have some big things to fill everyone in on, first and foremost we want to thank our community and staff for their patience during this time of change, we couldn’t have done any of the amazing things we have accomplished in the last two years without you all.
“Our brewmaster Tracy Hutton is expanding on his incredible talents and is opening his very own brewery @mississippiculture just a jump away in Staunton, IL. Please join us in supporting him and his future by giving him a follow and showing out for his grand opening on April 22nd!
“Rather than attempt to fill the giant boots he leaves behind, we have decided to hand over the reins to Tyler and Casey who should be familiar faces, the owners of Sneaky’s Burgers. Sneaky’s has already added so much to our culture at 307 N. Main since they joined
...More info on site
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USA: 2022 craft beer production on par with 2021, market share by volume grows to 13.2%
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The Brewers AssociationOpens in new window (BA)—the trade association representing small and independent1Opens in new window American craft brewers—on April 18 released annual production figures for the U.S. craft brewing industry. In 2022, small and independent brewers collectively produced 24.3 million barrels of beer, on par with 2021’s numbers, and craft’s overall beer market share by volume grew to 13.2%, up from 13.1% the previous year.
The overall beer market shrank 3% by volume in 2022, the Association said. Retail dollar value was estimated at $28.46 billion, representing a 24.6% market share and 6% growth over 2021. Sales growth was stronger than volume due to pricing, share shift to smaller brewers—who are more likely to sell onsite and via distributed draught—as well as the continued channel shift back to on-premise, which has a higher average retail value. Craft brewers provided 189,413 direct jobs, a 9% increase from 2021, driven both by growth in the number of breweries and a continued shift to hospitality-focused business models.
“2022 presented small brewers with a number of challenges, including rising operating and material costs and increasing competition, particularly in distribution,” said Bart Watson, chief economist, Brewers Association. “In this maturing and competitive market,
...More info on site
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World: Heineken reports steeper than expected decline in first-quarter sales
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Heineken reported on April 19 a steeper than expected decline in first-quarter beer sales, with a sharp decline in major markets Nigeria and Vietnam,
...More info on site
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India: Heineken reports single-digit net revenue growth from India market in the March quarter
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Dutch brewing major Heineken NV on April 19 reported a high-single-digit organic growth in net revenue from the India market in the March quarter,
...More info on site
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The Czech Republic: Beer output, per capita consumption increase in 2022
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Czech breweries produced 20.55 million hectolitres of beer last year, an increase of 950,000 hectolitres over the previous twelve months, the Prague Morning reported
...More info on site
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China: China’s top beverage body calls for lifting tariffs off Australian barley
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A peak Chinese industry body has called for steep tariffs on Australian barley to be lifted, arguing costs for the country’s beer manufacturers have
...More info on site
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Ukraine: Beer, malt output increase in Q1 2023
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Ukraine’s brewers produced a total of 2.76 mln hl of beer in the first three months of this year versus 1.71 mln over the
...More info on site
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The Netherlands & Russia: Heineken asks regulators to approve sale of its Russian business
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Dutch brewer Heineken has asked regulators in the Russian Federation to approve the sale of its business in Russia, Reuters reported.
"If and when we
...More info on site
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Spain: Wheat, barley growers facing crop crisis due to winter drought
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Southern Europe’s farmers are facing a crop crisis. Months of drought has interrupted this year’s harvests and some Spanish ecologists are warning the country
...More info on site
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Australia & China: Australia optimistic China to end barley tariffs this year
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The Australian government is optimistic that punitive trade sanctions imposed by the Chinese government on Australia’s exports could be lifted by the end of
...More info on site
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Ukraine & EU: Poland, Hungary ban Ukrainian grain imports, Bulgaria considering the same
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Unilateral action on trade by European Union member states is unacceptable, a European Commission spokesperson said on April 16, after Poland and Hungary announced bans on grain and other food imports from Ukraine to protect the local agricultural sector, Reuters reported.
After Russia's invasion blocked some Black Sea ports, large quantities of Ukrainian grain, which is cheaper than that produced in the European Union, ended up staying in Central European states due to logistical bottlenecks, hitting prices and sales for local farmers.
The issue has created a political problem for Poland's ruling nationalist Law and Justice (PiS) party in an election year as it has angered people in rural areas where support for PiS is usually high.
"We are aware of Poland and Hungary's announcements regarding the ban on imports of grain and other agricultural products from Ukraine," the spokesperson said in an emailed statement. "In this context, it is important to underline that trade policy is of EU exclusive competence and, therefore, unilateral actions are not acceptable."
"In such challenging times, it is crucial to coordinate and align all decisions within the EU," the statement added.
Poland and Hungary have been embroiled in long-running conflicts with Brussels over issues including judicial independence, media freedoms
...More info on site
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India: Pernod Ricard to challenge Delhi government’s order to deny renewal of sales licence
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French spirits major Pernod Ricard on April 18 said it will challenge Delhi government's order of denying its application for renewal of sales licence, the Business Today reported.
In a setback to the French spirits major, the Delhi government has rejected its application for renewal of its sales licence on the ground of the ongoing investigations against the company.
However, Pernod Ricard India, which owns brands such as Royal Stag and Blenders Pride, in a statement said it will ''challenge through due process the recent decision'' by the excise authorities to deny this operating licence.
The excise department of the government of the national capital territory of Delhi had last week decided not to renew the sales licence of Pernod Ricard, said official sources.
An application from Pernod Ricard was received in September 2022 and it was not accepted then. Following this, the liquor major went to the court which directed the excise department to formally take a decision. That application has been now rejected, they said.
The decision was taken on the ground of ongoing investigations against the company in matters related to violation of the excise policy of the Delhi government, sources added.
Pernod Ricard has the right to appeal against the order before
...More info on site
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Slovakia: Slovakia joins ban on Ukraine farm products
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Slovakia's government banned the import of grains and other farm products from Ukraine on Monday, April 17, but will keep borders open for transit to third markets, Agriculture Minister Samuel Vlcan said.
Vlcan told a televised news conference restrictive measures to ban grain imports imposed by Poland at the weekend had led to the Slovak ban.
"Poland has adopted very strict bans and we thus had to react to protect the Slovak market in those farm products and foods where we have self-sufficiency," he said.
"It is a measure for the protection of the Slovak agro-food sector and mainly the health of consumer," he said.
Slovakia banned the distribution of a batch of Ukrainian grain last week after it detected higher-than-allowed levels of pesticides in the shipment.
Vlcan did not present the full list of farm products and food, but a proposal for Monday's cabinet meeting included wheat, rye, barley, oats, corn, sugar beet and sugar, wine, fruits and vegetables, sunflower seeds, rapeseed, honey, and others.
The government said it would continue to allow transit of Ukrainian grains and other products under an EU initiative to help Ukraine export its production despite the Russian invasion, he said.
Vlcan said Slovakia was pushing for the creation of a
...More info on site
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The Czech Republic: Vinohradský Pivovar launches a second production facility
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Microbreweries have become a hot trend in Prague over the past decade, but one of the city's most popular ones may be growing out of that designation. Prague 2-based beermaker Vinohradský Pivovar opened a new brewery in Káraný, northeast of Prague, on Thursday, April 13, thanks to which it will be able to produce significantly more beer, Expats.cz reported.
The new brewery is not only a production facility, but also a taproom where visitors can sample fresh pours and take home cans and kegs. The taps are officially running at Vinohradský Pivovar's new Káraný location this weekend, despite some inclement weather.
"Yesterday we officially opened our new brewery in Káraný," Vinohradský Pivovar wrote on Facebook on April 14. "Thanks to it, we can brew twice as much beer and we continue to brew in Vinohrady too. That means more great beer for everyone!"
The operators of Vinohradský Pivovar chose the location for their new brewery at the site of a former soda factory in Káraný, near Prague, due to the availability of a high-quality water source.
They spent more than CZK 100 million to renovate the premises and acquire new brewing technology, which was manufactured by German brewery maker Kaspar Schulz.
The new brewery will
...More info on site
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