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E-Malt.com NewsLetter
Newsletter Summary

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






Last five graphs

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E-Malt.com Newsletter 18a
May 01 - May 03, 2023


Quote of the Week

If today you are a little bit better than you were yesterday, then that's enough.
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Currency Rates


Base Currency: US Dollar
on May 03, 2023
Base Currency: Canadian Dollar
on May 03, 2023
      1 USD = 0.9102 EUR
1 USD = 0.8012 GBP
1 USD = 1.3585 CAD
1 USD = 1.4987 AUD
1 USD = 137.0830 JPY
1 USD = 5.0123 BRL
1 USD = 80.1221 RUB
1 USD = 6.9095 CNY
      1 CAD = 0.7360 USD
1 CAD = 0.5897 GBP
1 CAD = 0.6699 EUR
1 CAD = 1.1030 AUD
1 CAD = 100.8900 JPY
1 CAD = 3.6890 BRL
1 CAD = 58.9683 RUB
1 CAD = 5.0853 CNY

Currency Rates Chart


Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Brewery news World: Molson Coors Beverage Company sees first-quarter sales beat expectations ...Click here
Brewery news USA, MA: Mighty Squirrel Brewing Co. making a gigantic move into Boston ...Click here
Brewery news USA, RI: Three new breweries coming to Rhode Island soon ...Click here
Brewery news USA, MI: Flat Iron Brewing launches in Manistique ...Click here
Brewery news USA, WA: Reuben’s Brews announces its original brewery and taproom are for sale ...Click here
World News
Brewery news Japan: Major brewers giving investors plenty to cheer about ...Click here
Brewery news Russia: Beer and beer drinks output up 0.2% in January-March ...Click here
Brewery news The Philippines: San Miguel Brewery’s Q1 net income up 38.2% ...Click here
Brewery news Nigeria: Guinness Nigeria posts 8.17% increase in turnover in Q3 ended 31 March ...Click here
Brewery news Germany: Carlsberg agrees to pay EUR50 mln in German price-fixing case ...Click here
Barley news Australia: Barley output 2023-24 projected to decline by 29% ...Click here
Hops news Australia: Australia’s largest hop grower reports 9.9% net crop increase ...Click here
Barley news Australia: ABARES expects combined value of wheat, barley and canola to drop by a third this year ...Click here
Brewery news UK: Drinks sales up, but beer flat, and cider down – over three weeks to April 22nd ...Click here
Brewery news Nigeria: Nigerian Breweries shareholders ok EUR110 mln loan from Heineken International ...Click here
Barley news Ukraine: Barley exports total 2.461 mln tonnes over 10 months of current marketing year ...Click here
Brewery news South Korea: Sale of OB Beer Budweiser Zero suspended due to excessive amount of bacteria ...Click here
Brewery news Australia: Asahi launches its non-alcoholic beer Asahi Super Dry 0.0% in Australia ...Click here
Brewery news UK: Heineken to invest more than £1.77 mln into upgrading East Midlands pubs ...Click here
Graph of the Week


Table of the Week

China Hops Area and Production 2016-2022s


Table of the week.

Prices Evolution

Prices evolution

Barley Prices



Theoretical Malt Prices



These Days in Business History


01 May
1876 - The Amsterdam Stock Exchange Association (Vereniging voor de Effectenhandel) is created by 465 Dutch brokers; from now on, only members of the association are allowed to trade on the exchange
1878 - The Tokyo Stock Exchange Co., Ltd., is established, primarily to trade bonds
1925 - The All-China Federation of Trade Unions is officially founded. Today it is the largest trade union in the world, with 134 million members
1972 - Economist Milton Friedman rings the opening bell at the Chicago Mercantile Exchange to inaugurate the world's first day of trading in foreign-currency futures

02 May
1896 - The Dow Jones Industrial Average is first published
1913 - William R. Hewlett, co-founder of Hewlett-Packard Co., is born in Ann Arbor, Mich
1985 - Quantum Computer Services is incorporated in Delaware. In 1991 it changes its name to America Online, Inc.
1998 - The European Central Bank is founded in Brussels in order to define and execute the European Union's monetary policy

03 May
1830 - 1st regular steam train passenger service starts
1919 - America's 1st passenger flight (New York - Atlantic City)
1965 - 1st use of satellite TV, Early Bird Satellite


Agenda

May 2023:
07 - 10: Craft Brewers Conference & BrewExpo America 2023 (Nashville, TN, USA)
09 - 11: Worldwide Distilled Spirits Conference 2024 (Edinburgh, UK)
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)
26 - 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:
01 - 05: Great British Beer Festival 2023 (London, UK)
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:
04 - 06: 13th Iberoamerican VLB Symposium Brewing & Filling Technology (IBS) (Bogota, Colombia)
16 - 03 October: Oktoberfest 2023 (Munich, Germany)

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:
01 - 02: Glug Swiss 2024 (Alte Reithalle, Aarau, Switzerland)
09 - 12: HoReCa 2024 (Athens, Greece)
18 - 21: Beer & Food Attraction 2024 (Rimini, Italy)
23 - 25: Finest Spirits 2024 (Munich, Germany)

More events are available on site e-malt.com

News Articles


Brewery newsWorld: Molson Coors Beverage Company sees first-quarter sales beat expectations
Molson Coors Beverage Company has seen its first-quarter sales beat expectations owing to price hikes and sustained demand for beer, The Drinks Business reported ...More info on site


Brewery news USA, MA: Mighty Squirrel Brewing Co. making a gigantic move into Boston
Waltham-based brewery Mighty Squirrel is making a gigantic move into Boston proper later this year. Boston Business Journal reports that the crowd-favorite brewery broke ground this month on construction for a 13,000-square-foot location in Fenway, at the shiny new residential development Bower, that is slated to open in October, Eater Boston reported on April 28.

The brewing company — known for its hazy, juicy New England-style IPAs like Cloud Candy — plans to use the space to experiment with new beers in smaller batches, and it’ll also include a kitchen run by a yet-to-be-named food partner. The brewery will also be neighboring the highly anticipated reboot of legendary Boston restaurant Eastern Standard, which is going into the same development.



Brewery news USA, RI: Three new breweries coming to Rhode Island soon
East Providence will get its first brewery and tap room this summer while two other new breweries will open in Cumberland and South Kingstown, The Providence Journal reported on May 2.

It's a great time for hops and malt as the Rhode Island craft beer universe continues to expand and will soon number 40 breweries.

Building out has begun at Crook Point Brewing Co. in East Providence which stands near Providence's "Stuck-Up Bridge." Drive by on Massasoit Avenue and you'll see the outdoor deck being readied for guests.

Shiny new brewing tanks are already in place at Phantom Farms Brewing in Cumberland. The brewery will bring new life to the town's historic district, not the nearby farm, though both brewery and farm have the same owners, the Macari family.

The artist's renderings are done for Tower Hill Brewing which will be located in South County Commons just off Route 1. Beer tasting and a movie at the nearby theater may well become a new habit for date night if a group of friends and business partners have their way.

It's not just those three new destinations for craft beer that have people buzzing about openings as early as this summer. There's also the previously announced ...More info on site


Brewery news USA, MI: Flat Iron Brewing launches in Manistique
A new brewpub called Flat Iron Brewing has opened in Manistique. Named after the famous Flat Iron block of town (once home to 22 bars when the paper company tried to make Manistique an alcohol-free town before Prohibition), the brewery is the creation of a mix of former Manistique residents and their families. The brewery opened to a large crowd with seven beers on tap, salads, pizzas and breadsticks, the Second Wave Media reported on May 3.

Flat Iron has a wide range of brewing specialists and beer aficionados on staff. The idea for the brewery started in the heart of the microbrewery district in Grand Rapids. Instead of building downstate, the group decided to move to Schoolcraft County because of cheaper real estate. That allowed the owners to find a large former gym and event center space on a southern peninsula jutting out into Lake Michigan.

The staff includes one of the most qualified brewers now in the Upper Peninsula. Ted Miller, former president of the Brewers Guild of Indiana, is leading the lineup of brews available.

“This came from a group of childhood friends just sitting around and discussing business ideas two years ago, and being down in Grand Rapids, ...More info on site


Brewery news USA, WA: Reuben’s Brews announces its original brewery and taproom are for sale
Almost 11 years ago, Reuben’s Brews opened its first brewery and taproom in Seattle’s Ballard neighborhood. It marked the beginning of a period of impressive growth, not just for Reuben’s Brews but for the Ballard brewery scene. Since 2012, more than a half dozen breweries have opened within a couple blocks of the original Reuben’s location, the Washington Beer Blog reported on May 2.

Reuben’s Brews just announced that the original brewery and taproom are for sale. The facility is located at 14th Avenue and 53rd Street, just a couple blocks from the location that most people know as Reuben’s Brews.

After an award-winning homebrewing career, co-founder Adam Robbings wanted a place where Reuben’s Brews could grow into its own. “This space had everything we needed to brew beers of the highest quality and connect directly with our customers,” says Robbings.

In August 2012, Reuben’s Brews opened this location in Ballard as its original brewery and tasting room. Starting with five beers brewed and served in the space, Reuben’s quickly became a well-respected brewery in the state. During its peak usage from 2012 – 2017, the brewery won 160 awards, including 2014 Best Taproom in Washington by RateBeer and Brewery of the Year ...More info on site


Brewery newsJapan: Major brewers giving investors plenty to cheer about
Japan’s major breweries are giving investors plenty to cheer about as their shares outperform the broader market on prospects of price hikes, more favorable ...More info on site


Brewery newsRussia: Beer and beer drinks output up 0.2% in January-March
Russia’s beer and beer drinks output amounted to 17.8 mln hl in January-March this year, up 0.2% versus the same period in 2022, Rosstat ...More info on site


Brewery newsThe Philippines: San Miguel Brewery’s Q1 net income up 38.2%
San Miguel Brewery (SMB), the Philippines’ largest, posted a consolidated net income of P6.8 billion in the first quarter, surpassing the year-ago level by ...More info on site


Brewery news Nigeria: Guinness Nigeria posts 8.17% increase in turnover in Q3 ended 31 March
Guinness Nigeria Plc on April 27 published its Third Quarter report for the period ended 31 March 2023.

The company reported a turnover of N172.478 billion for the 9 months period, up by 8.17% from N159.445 billion reported the previous year.

Profit after tax of N5.866 billion was reported for the period under review, down by 61.61% from N15.278 billion reported the previous year.

Earnings per share of Guinness stands at N2.68, down by 61.61% from the EPS of N6.98 achieved the previous year.

At the share price of N70, the P/E ratio of Guinness Nigeria stands at 26.14x with earnings yield of 3.83%.


Brewery newsGermany: Carlsberg agrees to pay EUR50 mln in German price-fixing case
Danish brewer Carlsberg has reached a settlement with German authorities and agreed to pay a 50 million-euro ($55 million) fine over the alleged formation ...More info on site


Barley newsAustralia: Barley output 2023-24 projected to decline by 29%
After three consecutive years of record-setting wheat crops in Australia, production in marketing year 2023-24 is forecast to dip 25% from the previous year ...More info on site


Hops newsAustralia: Australia’s largest hop grower reports 9.9% net crop increase
Australia’s largest hop grower Hop Products Australia (HPA) has reported a 37 hectare (4.5%) net increase and a 164 tonne (9.9%) net increase year-on-year ...More info on site


Barley newsAustralia: ABARES expects combined value of wheat, barley and canola to drop by a third this year
Widespread rain across much of Australia's cropping region has given growers a positive start, but record winter crops are unlikely to be repeated, the ...More info on site


Brewery news UK: Drinks sales up, but beer flat, and cider down – over three weeks to April 22nd
Easter holidays and decent weather helped managed UK’s on-trade venues achieve a 7% year-on-year increase in drinks sales over the three weeks to Saturday, 22nd April.

CGA by NIQ’s Drinks Recovery Tracker has shown an 18% increase in the first week of April, followed by drops of 3% and 7% in the next two weeks. Comparisons are skewed by the way Easter dates fell in the calendar in 2022 and 2023, but the three-week comparison provides the most accurate picture of trading over the period.

The 7% growth shows consumers remain eager to drink out in the on-trade. However, with inflation, as measured by the consumer price index, continuing to top 10%, year-on-year sales remained slightly down in real terms over Easter.

In the latest week, sales on Sunday and Monday suffered from comparisons to the key Easter dates in 2022, but they recovered to track 6% ahead on Wednesday, Thursday, and Friday, before dipping 1% on Saturday amid wetter weather.

Beer sales were flat, while cider and soft drinks were down 10% and 13% respectively. Wine sales were up 3%, continuing a welcome revival of the category, which had a difficult 2022. The spirits category continues to suffer ...More info on site


Brewery news Nigeria: Nigerian Breweries shareholders ok EUR110 mln loan from Heineken International
Shareholders of Nigerian Breweries (NB) Plc have approved a resolution authorising the company to take an intercompany loan of 110 million euros from Heineken International, The Nation Newspaper reported on May 1.

Speaking during the Annual General Meeting (AGM) of the company in Lagos, Chairman, Nigerian Breweries (NB) Plc, Chief Kola Jamodu, said the loan was necessary to help the company address the challenge of foreign exchange (forex) and pay off some of its overdue foreign currency denominated payables.

He said the loan would ensure that there was no disruption in the company’s operations due to a shortage of imported raw materials as its procurement agent would have stopped its services as a result of the overdue payables.

“Forex loss was a major impact on our profitability in 2022. Access to forex continues to be a major issue for NB Plc. The increase in our trade payables has been driven majorly by outstanding payments to our foreign trade partners due to unavailability of forex at the official windows,” Jamodu, who retired, after the April 26 meeting, on April 30, 2023, said.

He noted that despite the market’s competitive nature, the company maintained its market leadership position while ensuring value to the business and its ...More info on site


Barley news Ukraine: Barley exports total 2.461 mln tonnes over 10 months of current marketing year
Over the 10 months of the current marketing year (from July 1, 2022 to April 30, 2023), Ukraine exported 41.595 million tonnes of cereals and legumes, Ukrinform reported on May 1, citing a press release by the Ministry of Agrarian Policy and Food.

The nation exported 14.385 million tonnes of wheat, 2.461 million tonnes of barley, 17,900 tonnes of rye, and 24.424 million tonnes of corn.

For comparison: from July 2021 to April 30, 2022, Ukraine exported 45.869 million tonnes of grains and legumes, including 18.526 million tonnes of wheat, 5.668 million tonnes of barley, 161,900 tonnes of rye, and 21.211 million tonnes of corn.

In April 2023, 3,619,000 tonnes of grain and legumes were exported from Ukraine (923,000 tonnes in April last year), including 1,387 million tonnes of wheat (127,000 tonnes in April last year), 185,000 tonnes of barley (25,000 tonnes) and 2,042 million tonnes of corn (769,000 tonnes). In April of this year and in April 2022, Ukraine did not export any rye.

Since the start of MY 2022/2023, Ukraine has also exported 127,700 tonnes of flour (in MY 2021/2022, it was 68,600 tonnes).

As reported earlier, referring to the Ministry of Agrarian Policy and Food, from January to April 2023, Ukraine exported ...More info on site


Brewery news South Korea: Sale of OB Beer Budweiser Zero suspended due to excessive amount of bacteria
A nonalcoholic beer has been recalled after the amount of bacteria in it was found to exceed the limit, The Business Korea reported on May 2.

The Korean Ministry of Food and Drug Safety (MFDS) announced on May 1 that it has suspended the sale of OB Beer Budweiser Zero and ordered its recall due to bacterial counts exceeding the standard in some Budweiser Zero products.

OB Beer Budweiser Zero is a nonalcoholic product launched by Budweiser with the cooperation of Oriental Brewery, or OB, in Korea last year.


Brewery news Australia: Asahi launches its non-alcoholic beer Asahi Super Dry 0.0% in Australia
Asahi Beverages has launched its award-winning, non-alcoholic beer Asahi Super Dry 0.0% in Australia, the Drinks Trade reported on May 3.

Winning a gold medal at the recent World Alcohol-Free Awards 2023 in London, judges described the brew as a “classic lager that’s indistinguishable from a full-strength version.”

Kym Bonollo, Head of International & Craft at Asahi Beverages, said that consumers are seeking options that offer great taste and quality as demand continues to grow for alcohol-free alternatives.

“Developed through extensive research and trials, Asahi Super Dry 0.0% is an elevated option,” she said. “As demand for alcohol-free alternatives grows, we’re seeing more people seek out brewed adult beverages such as non-alcohol beers that don’t compromise on taste or quality.”

Created using the same traditional Japanese techniques and high-quality ingredients as its full-strength counterpart, Bonollo said Asahi is committed to providing more options for consumers wanting moderate their alcohol consumption.

“Asahi Super Dry is an internationally recognised premium beer brand and Japan’s leading beer. Now, Australian beer lovers looking to moderate their alcohol consumption can enjoy Asahi Super Dry’s signature crisp and refreshing taste without the alcohol,” she said.

The Australian launch will be supported by an above the line campaign across TV, video on demand, ...More info on site


Brewery news UK: Heineken to invest more than £1.77 mln into upgrading East Midlands pubs
Heineken has confirmed plans to invest more than £1.77m into upgrading East Midlands pubs, the Insider Media reported on May 3.

The move forms part of a wider £40m investment in 570 pubs in its Star Pubs & Bars' estate nationwide, which will create about 600 jobs.

One pub that has benefited from this investment is The Peacock in Nottingham, a historic pub once frequented by DH Lawrence. A £247,000 upgrade allowed the pub to reopen after a two-year closure with many of the original features – such as Peacock motif etched windows and original push bells for ordering drinks – retained.

The company has identified a further five sites in the East Midlands for investment. A refurbishment of The White Lion in Beeston is already underway to create two new pubs: The White Lion, a traditional cask ale house – and Blackshale Bar & Kitchen, a contemporary bar specialising in craft ales and modern English cuisine.

The company is also currently in talks with operators to revamp The Salutation, The Pear Tree, Keyworth, The Major Oak, Arnold, and The Blacksmiths, Loughborough.

Lawson Mountstevens, Star Pubs & Bars' managing director, said: "We know from previous economic downturns that when customers' disposable income is ...More info on site


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