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E-Malt.com Newsletter 19b
May 11 - May 14, 2023
Quote of the Week
For a quart of ale is a dish for a king.
William Shakespeare
Currency Rates
Base Currency: US Dollar
on May 12, 2023 |
Base Currency: Canadian Dollar
on May 12, 2023 |
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1 USD = 0.9142 EUR
1 USD = 0.7958 GBP
1 USD = 1.3435 CAD
1 USD = 1.4854 AUD
1 USD = 134.3550 JPY
1 USD = 4.9451 BRL
1 USD = 76.4144 RUB
1 USD = 6.9401 CNY
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1 CAD = 0.7442 USD
1 CAD = 0.5923 GBP
1 CAD = 0.6803 EUR
1 CAD = 1.1055 AUD
1 CAD = 99.9866 JPY
1 CAD = 3.6801 BRL
1 CAD = 56.8675 RUB
1 CAD = 5.1648 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, PA: Twelve78 Brewing Company hoping to launch in Phoenixville mid-fall 2023
...Click here
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USA, NC: Suffolk Punch Brewing’s second location to open its doors in Charlotte on May 13
...Click here
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Canada, ON: Cold Springs Brewery officially releases its beers in Ontario
...Click here
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USA, MI: Reed City Brewing Company reconsidering decision not to come to Cadillac
...Click here
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USA: Constellation Brands releases Corona Non-Alcoholic
...Click here
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Singapore, Thailand & Vietnam: ThaiBev’s half-year profit slips on beer unit weakness
...Click here
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Ukraine: Beer, malt output increase in January-April this year
...Click here
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Japan: Asahi Group sees growth in both revenue and core profit in Q1 2023
...Click here
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Malaysia: Heineken Malaysia Bhd's net profit falls in Q1 2023
...Click here
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EU: Barley harvest forecast lowered to 49.9 mln tonnes due to ‘catastrophic situation in Spain’
...Click here
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Australia: Barley crop forecast remains at 10.88 mln tonnes as favourable rains help moisture conditions
...Click here
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Argentina: Barley crop forecast down on concern over planted area
...Click here
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India: India overtakes France to become world’s largest buyer of whisky by volume
...Click here
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Australia: Malting barley exports triple in March as compared to February this year
...Click here
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The Czech Republic: Tax on draught beer to soar from 15% to 21%
...Click here
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Russia & China: Russia may export more wheat, barley to China, experts say
...Click here
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Graph of the Week
Table of the Week
Germany Beer Market Overview
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
11 May
1861 - In a move of symbolic support for the Union, the New York Stock Exchange bans all trading in Confederate stocks and bonds. (However, members are still free to short-sell any Union securities they choose)
1907 - Bank of San Francisco incorporated
1928 - General Electric opens 1st TV-station (Schenectady, New York)
2010 - David Cameron becomes Prime Minister of the United Kingdom following talks between the Conservatives and Liberal Democrats to form the UK's first coalition government since World War II after elections produced a hung parliament
12 May
1916 - Einstein's Theory of General Relativity presented
1949 - 1st Polaroid camera sold $89.95 in New York City
1949 - The Soviet Union lifts its blockade of Berlin
1975 - Israel signs an agreement with European Economic Market
13 May
1842 - 1st edition of London Illustrated News
1862 - Adolphe Nicole of Switzerland patents chronograph
1884 - Institute for Electrical and Electronics Engineers (IEEE) forms
14 May
1872 - Metropolitan Gas Company lamps lit for 1st time
1881 - World's 1st elec tram goes into service in Lichterfelder (near Berlin)
1955 - Cold War: Eight Communist bloc countries, including the Soviet Union, sign a mutual defense treaty called the Warsaw Pact
Agenda
May 2023:
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: Barley stocks up 43.9% as of March 31
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As of March 31, 2023, total stocks of wheat, canola, barley, oats and soybeans were all up compared with the same date in 2022,
...More info on site
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USA, PA: Twelve78 Brewing Company hoping to launch in Phoenixville mid-fall 2023
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The town of Phoenixville is getting another brewery. In what is surely a welcomed addition to Bridge Street, Twelve78 Brewing Company has just announced plans to open at 35 Bridge Street. Their ETA to open is mid-fall 2023, Breweries in PA reported on May 8.
The brewery is family-owned by Steve and Kara Rogacki, Phoenixville locals with a passion for supporting their community. Twelve78 took part in the first-ever Pennsylvania Homebrew Invitational and received rave reviews on their beer.
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USA, NC: Suffolk Punch Brewing’s second location to open its doors in Charlotte on May 13
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Suffolk Punch Brewing is opening its second location in Charlotte, Brewbound reported on May 11.
The second location of the groundbreaking concept — brewery, cafe, taproom and coffee bar — will kick open the barn doors at 10 a.m. Saturday, May 13 at its stunning space in the reimagined West Plaza of SouthPark mall.
At more than 11,000-square feet of indoor/outdoor space, Suffolk Punch Brewing SouthPark, near Dick’s Sporting Goods and The Container Store at 4400 Sharon Road, will immediately elevate the drinking, dining, and entertainment options in the area.
“Our SouthPark expansion is the culmination of many long hours of careful planning and consideration,” says Seth Stidham, co-owner and Chief Operating Officer of Suffolk Punch Brewing. “As we expand, we look for opportunities that capture the essence of our South End location – a diverse guest experience, expansive outdoor green spaces and a family friendly environment.”
Suffolk Punch Brewing, launched in Charlotte’s South End in 2017, has established a reputation for spaces that seamlessly marry craft brewing, elevated cuisine, and gorgeous design.
The beautifully appointed, transitional SouthPark location flows smoothly from indoor to outdoor, with a greenhouse roof, roll-up garage doors, communal beer garden seating, multiple bars, private dining rooms/event spaces, indoor seating for
...More info on site
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Canada, ON: Cold Springs Brewery officially releases its beers in Ontario
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A new brewery in Ontario’s Northumberland County has officially released its beers via two local markets, the Canadian Beer News reported on May 8.
Cold Springs Brewery has been established by veteran homebrewer Ron Masil, and made its public debut this past weekend at the Foragers Farms Farm Gate Market on Friday, and the Cobourg Farmers’ Market on Saturday.
The initial wave of Cold Spring beers includes Fresh Spring Ale (4.2% abv), Rolling Hills NEIPA (5.5% abv), Blanche de la Ferme Wheat Ale (5% abv), and Gluten Free IPA (5% abv).
Cold Springs beers will continue to be sold at both weekly markets, with additional availability and brewery opening details to be announced.
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USA, MI: Reed City Brewing Company reconsidering decision not to come to Cadillac
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Deanna Murphy, co-owner of Reed City Brewing Company, says they are reconsidering their decision not to come to Cadillac, 9&10 News reported on May 8.
They say they had concerns over staffing and licensing, but since putting out their Facebook post about not opening a Cadillac location people have reached out to help.
Reed City Brewing Company says they are going to see what they can do to make this happen.
The Reed City Brewing Company planned to take over the Long Road Distillers Building in Cadillac, but now they say it is no longer happening.
In a post on Facebook, they said because of the current economic situation, cost of products and labor shortage, we have decided this is not the right time for us to open another business.
Instead, they are focusing on getting their Reed City production building up and running so they can sustain the demands for their Reed City location.
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USA: Constellation Brands releases Corona Non-Alcoholic
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Constellation Brands has released Corona Non-Alcoholic, a non-alcoholic brew with the same flavor as the classic Corona beer, but with less than 0.5 percent alcohol by volume and 60 calories per serving, the Rochester Business Journal reported on May 11.
The release of Corona Non-Alcoholic follows a drinking trend that focuses on mindfulness and moderation, the company said in a release.
According to recent data from Horizon Media, 15 percent of U.S. adults 21 and over have chosen to reduce their drinking in the past two years, and 60 percent of them are under 35.
“We’re thrilled to welcome Corona Non-Alcoholic to our beloved family of brands and offer a new way to live La Vida Más Fina that doesn’t sacrifice taste,” said Alex Schultz, vice president of brand marketing, Corona. “This innovation embraces the broadened mindset of our consumers and ensures that we have the perfect beer, no matter the occasion.”
Corona Non-Alcoholic is brewed at the same facility in Mexico as Corona Extra and uses the same brewing process, the company said. It is available across the country in packs of six 12-ounce glass bottles and is line-priced with Corona Extra.
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Singapore, Thailand & Vietnam: ThaiBev’s half-year profit slips on beer unit weakness
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Singapore-listed Thai Beverage on May 11 posted a 1.2 per cent decline in first-half profit, as weakness in its beer and non-alcoholic beverages segment
...More info on site
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Ukraine: Beer, malt output increase in January-April this year
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Ukraine’s January-April beer production (excluding zero alcohol beer and brands with less than 0.5% alc. by vol.) increased by 35.3% versus the same period
...More info on site
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Japan: Asahi Group sees growth in both revenue and core profit in Q1 2023
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Japan’s Asahi Group saw growth in both revenue and core profit during the first quarter of 2023, The Drinks Business reported on May 12
...More info on site
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Malaysia: Heineken Malaysia Bhd's net profit falls in Q1 2023
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Heineken Malaysia Bhd's net profit fell three per cent to RM109.93 million in the first quarter (Q1) ended March 31, 2023 from RM113.38 million
...More info on site
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EU: Barley harvest forecast lowered to 49.9 mln tonnes due to ‘catastrophic situation in Spain’
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Strategie Grains has raised its forecast for 2023/24 soft wheat production in the European Union on favourable conditions in most of the bloc but
...More info on site
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Australia: Barley crop forecast remains at 10.88 mln tonnes as favourable rains help moisture conditions
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Ahead of planting, moisture conditions in Australia are being helped by favourable rains. RMI Analytics’ barley crop 2023 forecast for the nation remains at
...More info on site
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Argentina: Barley crop forecast down on concern over planted area
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Moisture conditions ahead of planting season are improving with more rain received in southern Buenos Aires province while rains continue to miss the drier,
...More info on site
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India: India overtakes France to become world’s largest buyer of whisky by volume
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Although alcohol is forbidden by most major Indian religions, and banned in Gujarat, India has long loved the Scottish drink.
Indian whisky consumption has exploded
...More info on site
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Australia: Malting barley exports triple in March as compared to February this year
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Australia exported 777,823 tonnes of barley and 255,066t of sorghum in March, according to the latest data from the Australian Bureau of Statistics.
Feed barley shipments for the month totalled 636,233t, down 30 percent from the 911,105t exported in February.
The three largest markets for March-shipped feed barley were Saudi Arabia on 285,171t, Vietnam on 82,358t and The Philippines on 60,036t.
March malting barley exports at 141,590t more than tripled from the February figure of 41,278t, with Vietnam on 32,615t followed by Mexico on 31,733t and Japan on 21,000t the largest markets.
Sorghum shipments surged to reflect new-crop availability, with the March total of 255,066t being almost five times the 53,117t exported in February.
China on 232,996t accounted for 91pc of March sorghum exports, with Japan on 14,360t and Taiwan on 4454t the second and third-biggest markets respectively for the month.
Flexi Grain pool manager Sam Roache said feed barley shipments continued strongly, below last month’s huge total but still in line with pace required to meet an expected shipment total of around 8 million tonnes in the year to September.
“Year on year we sit similarly with around the same amount shipped year to date at around over 4Mt,” Mr Roache said.
“Demand was softer into
...More info on site
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The Czech Republic: Tax on draught beer to soar from 15% to 21%
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The Czech Republic is due to see the tax on its draught beer soar from 15% to 21% as part of new plans revealed by its government, The Drinks Business reported on May 12.
The ‘austerity package’, which is named ‘Czechia in Shape’, was introduced at a press conference yesterday and is set to see the country with the biggest beer consumption per capita in the world making a raft of radical changes.
The suggestions were, according to local reports, laid out by cabinet officials in a bid to lower the state budget deficit by CZK94bn (€4bn) in 2024 and by CZK150bn in 2025 and would also coincide with VAT on food being lowered from 15% to 12%.
According to statements from the conference, the package additionally ‘includes raising the pension age and hiking corporate and real estate taxes and is a hopeful “cure” to reduce the country’s ballooning public budget deficit, which has risen due to both the pandemic and the cost of living crisis having a knock on effect on the local economy.
The moves are said to involve the Czech government’s aim to make savings by scaling down non-investment subsidies by CZK54.4bn and the cost of running the state by another
...More info on site
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Russia & China: Russia may export more wheat, barley to China, experts say
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Russia may export more agricultural products such as wheat and barley to China as Russia is pushing for the construction of a land grain corridor between the two countries, businesses and experts said on May 11.
Russian President Vladimir Putin instructed the cabinet and the central bank to study the conclusion of an intergovernmental agreement on the Russia-China New Land Grain Corridor by October 1, Russia’s Sputnik news agency reported on May 11.
It said the measure will help to increase grain production in the Far Eastern, Ural and Siberian Federal districts, as well as the volume of exports to the Chinese market.
Zhao Xiangyu, chairman of Heilongjiang Province-based Liangtai Agriculture Co, told the Global Times that the land corridor for grain transport will boost throughput and add an additional transport route for Russian grain exports to China. Most of the grain exports are shipped to China from the Black Sea.
The development will also boost agricultural trade between China and Russia, Zhao said.
However, Zhao cautioned that there are issues hindering growth such as tariffs, quotas and a lack of transportation capacity.
“Currently, the total trade volume for agricultural products between the two countries is not very big, but there is great potential for bilateral
...More info on site
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