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E-Malt.com Newsletter 18b
May 04 - May 07, 2023
Quote of the Week
If today you are a little bit better than you were yesterday, then that's enough.
David A. Bednar
Currency Rates
Base Currency: US Dollar
on May 05, 2023 |
Base Currency: Canadian Dollar
on May 05, 2023 |
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1 USD = 0.9053 EUR
1 USD = 0.7950 GBP
1 USD = 1.3579 CAD
1 USD = 1.4967 AUD
1 USD = 134.3350 JPY
1 USD = 4.9942 BRL
1 USD = 78.6689 RUB
1 USD = 6.9071 CNY
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1 CAD = 0.7363 USD
1 CAD = 0.5854 GBP
1 CAD = 0.6666 EUR
1 CAD = 1.1020 AUD
1 CAD = 98.9122 JPY
1 CAD = 3.6773 BRL
1 CAD = 57.9247 RUB
1 CAD = 5.0857 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: New crop export barley prices reluctantly following downward trend
...Click here
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USA, NC: Trailside Brewing looking to open in Hendersonville in the last week of May
...Click here
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Canada, BC: SWIFT Brewing gearing up to launch in Victoria
...Click here
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USA: AB InBev CEO says too early to assess impact of Bud Light backlash
...Click here
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USA, NC: UpCountry Brewing Company ceases brewing in Asheville
...Click here
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USA, NS: Spindrift Brewing Company rebrands to Burnside Brewing Company
...Click here
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World: AB InBev enjoys higher than expected first-quarter earnings
...Click here
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Brazil: Ambev’s Q1 profit rises helped by higher premium brands sales
...Click here
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India: United Breweries reports a decline in consolidated net profit
...Click here
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The Netherlands: Beer consumption drops in Q1 because of bad weather
...Click here
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EU & UK: Barley prices preparing for likely new market structure when China lifts Australian tariff
...Click here
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South Africa: AB InBev sells record volumes in South Africa in Q1
...Click here
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Brazil: Heineken to invest in premium and single malt beer portfolios in Brazil
...Click here
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Graph of the Week
Table of the Week
China Hops Area and Production 2016-2022s
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
04 May
1626 - Indians sell Manhattan Island for $24 in cloth and buttons
1878 - Phonograph shown for 1st time at Grand Opera House
1959 - The 1st Grammy Awards are held
1979 - The first modern leveraged buyout using high-yield junk bonds -- a $381 million deal to take Houdaille Industries private -- is completed by Kohlberg, Kravis, Roberts & Co
05 May
1715 - French manufacturer debuts 1st folding umbrella (Paris)
1921 - Miniature newspaper published (Brighton Gazette 10 x 13 cm)
1949 - Council of Europe forms
06 May
1851 - San Francisco Chamber of Commerce starts
1889 - Universal Exposition opens in Paris, Eiffel Tower completed
1927 - Academy of Motion Picture Arts and Sciences forms
1997 - The Bank of England is given independence from political control, the most significant change in the bank's 300-year history
07 May
1664 - Louis XIV of France inaugurates the Palace of Versailles
1955 - West Europe Union established
1979 - 5th UNCTAD-conference opens in Manila
1982 - IBM releases PC-DOS version 1.1
1998 - Mercedes-Benz buys Chrysler for $40 billion USD and forms DaimlerChrysler in the largest industrial merger in history
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)
News Articles
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Canada: New crop export barley prices reluctantly following downward trend
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As world prices slump, led by France moving lower, Canada new crop export barley prices are following but reluctantly, RMI Analytics reported this week.
Farmers
...More info on site
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USA, NC: Trailside Brewing looking to open in Hendersonville in the last week of May
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David Schnitzer, the general manager of Trailside Brewing located just off the future Ecusta Trail at 873 Lennox Park Drive at Lennox Station, said he's asked all the time when his newest business venture will be open to the public.
He now has a pretty good idea, he told the Times-News on May 1.
"We are looking to open in the last week of May," the 45-year-old said. "We wanted to be open four months ago... but when you do something custom and do something right, it takes a long time."
Originally from Nashville, Tennessee, Schnitzer, who spent most of his life in North Georgia, moved to the Hendersonville area 12 years ago. He was the director at Camp Kanuga for nine years and opened Appalachian Coffee Company during that time.
"My wife went to work at First United Methodist Church when we first moved here. We flew right into really being a part of this community. We fell in love with Hendersonville, and I fell in love with creating spaces to make Hendersonville even better," he said. "The businesses that we started are ones that bring people in the community together ... coffee does that; beer does that, and this trail is certainly
...More info on site
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Canada, BC: SWIFT Brewing gearing up to launch in Victoria
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After many years of growth, and establishing itself as one of Canada's premier beer hall chains, the Calgary-based CRAFT Beer Market is gearing up to open its first-ever brewery SWIFT Brewing, Eat North reported on May 3.
Currently nearing completion at 450 Swift St. in Victoria, BC, is promising to be a fun brewery experience for locals and tourists alike all the while overlooking the Victoria Harbour. There still isn't a ton of information available in terms of the brewery's interior design, but a recent release describes it as "old-school charm with modern-day comfort".
“CRAFT has been celebrating the craft beer industry for over 11 years across Canada. It’s pretty simple, we love good beer, and we figured it was time to start making our own.” said CRAFT co-founder PJ L’Heureux in the SWIFT Brewing announcement.
An official opening date is still yet to be determined, but SWIFT Brewing will be giving first-look tours to local media in mid-May, so it feels fair to expect its opening in the days following.
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USA: AB InBev CEO says too early to assess impact of Bud Light backlash
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Anheuser-Busch InBev's CEO said it was too early to assess the impact of a conservative backlash in the United States against Bud Light over a social media promotion of the beer by a transgender influencer, Yahoo Finance reported on May 4.
"With respect to the current situation and the impact on Bud Light sales, it is too early to have a full view," Michel Doukeris told an investor conference call.
"The Bud Light volume decline in the U.S. over the first three weeks of April, as publicly reported, would represent around 1% of our overall global volumes for that period."
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USA, NC: UpCountry Brewing Company ceases brewing in Asheville
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A regional craft beer brewery is amid a downsizing that calls for the closure of one of its taprooms but the enhancement of its second, the Asheville Citizen-Times reported on May 3.
UpCountry Brewing Company has ceased brewing production at 1042 Haywood Road in West Asheville.
John Cochran, who opened the taproom in 2016, is seeking a new owner for the production brewery space.
“I had a granddaughter recently, and it’s been getting to a point where I’m like, ‘Hey, it’s time to have fun with this’ but I don’t want to get completely out of the business, so I’m selling the Asheville brewery,” Cochran said.
Cochran, who’s been in the craft beer industry since 1995, is set on improving the quality of the beer and his quality of life.
He’s downsizing, streamlining and simplifying the business by closing the Asheville brewery and focusing on the beer program for UpCountry’s taproom in Brevard.
The restructure is intended to bring the brewer back to what he loves to do ― make beer ―while providing an opportunity for a novice entrepreneur to move up in the brewing industry.
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USA, NS: Spindrift Brewing Company rebrands to Burnside Brewing Company
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Spindrift Brewing Company has changed its name after selling the Canadian rights to the Spindrift brand to an American sparkling water company, Huddle.Today reported on May 4.
The Dartmouth-based brewery has rebranded to Burnside Brewing Company. It’s a name Jeff Green says reflects the brewery’s “no-nonsense” philosophy.
“We’re selling beer, we’re not saving lives over here. There tends to be a lot of pretense in craft beer but that is not the Burnside Brewery way. It’s the exact opposite,” he says. “At the end of the day, we’re here to work hard, have some fun, and make good beer. And that’s all it really comes down to.”
Green is Burnside’s general manager. He tells Huddle the American Spindrift was looking to expand its market and approached in early 2022 about buying the Spindrift name.
The offer got Green’s hackles up at first, but he says the team ultimately saw the offer as an opportunity.
“Very rarely do you get an opportunity like this, seven years into the establishment or your business, to look and go ‘is this the right name? Is this the right fit? Is it the right feel? Is it where we’re at?’” he explains.
Burnside makes most of its money selling its Toller
...More info on site
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World: AB InBev enjoys higher than expected first-quarter earnings
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Anheuser-Busch InBev, the world's largest brewer, reported higher than expected first-quarter earnings on May 4 as sharp price increases failed to put customers off.
The
...More info on site
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Brazil: Ambev’s Q1 profit rises helped by higher premium brands sales
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Ambev said on May 4 its profit rose in the first quarter, helped by increased sales of premium brands in the beer maker's home
...More info on site
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World: Barley price direction remains downward
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The price direction for world barley remains downward, partially driven by good early crop development in Europe, and also pressured by a wider agricultural
...More info on site
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India: United Breweries reports a decline in consolidated net profit
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Beer maker United Breweries Ltd on May 4 reported a decline of 93.97 per cent in its consolidated net profit to Rs 9.87 crore
...More info on site
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The Netherlands: Beer consumption drops in Q1 because of bad weather
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Netherlands residents drank less beer in the first months of this year because of the bad weather. In January, more beer was tapped compared
...More info on site
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EU & UK: Barley prices preparing for likely new market structure when China lifts Australian tariff
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European barley prices, led by France, are preparing for the likely new market structure when China lifts the Australian barley tariff. Competition for global
...More info on site
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South Africa: AB InBev sells record volumes in South Africa in Q1
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South Africans seemingly drank their problems away during the first quarter of 2023, with global brewing giant Anheuser-Busch InBev reporting record volumes locally, News24
...More info on site
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Brazil: Heineken to invest in premium and single malt beer portfolios in Brazil
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Heineken NV, the world's second-largest brewer, said on May 4 it will invest 1.5 billion reais ($300.8 million) in Brazil as part of an
...More info on site
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