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E-Malt.com Newsletter 20a
May 15 - May 17, 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 17, 2023 |
Base Currency: Canadian Dollar
on May 17, 2023 |
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1 USD = 0.9194 EUR
1 USD = 0.7996 GBP
1 USD = 1.3464 CAD
1 USD = 1.4980 AUD
1 USD = 136.1250 JPY
1 USD = 4.9076 BRL
1 USD = 80.1775 RUB
1 USD = 6.9673 CNY
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1 CAD = 0.7426 USD
1 CAD = 0.5937 GBP
1 CAD = 0.6828 EUR
1 CAD = 1.1124 AUD
1 CAD = 101.0860 JPY
1 CAD = 3.6444 BRL
1 CAD = 59.5398 RUB
1 CAD = 5.1739 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, VA: Three Roads Brewing announces acquisition of Ballad Brewing in Danville
...Click here
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USA, AZ: Fate Brewing Co. to open new location in central Phoenix
...Click here
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USA, MA: Harper Lane Brewery to become Middleborough’s first brewery thanks to a state loan
...Click here
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USA, ND: Drift Prairie Brewing Co. to hold soft opening in Jamestown
...Click here
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USA, CA: Wagon Wheel Brewing Co. already open in Oxnard
...Click here
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USA, NC: Terra Nova Beer Co. aiming for a June debut in Asheville
...Click here
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USA, NY: Southpaw Brewing Co. just weeks away from opening
...Click here
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USA, KY: Freedom Brewery and Pickleball Ranch breaks ground in Florence
...Click here
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World: United Malt reports slightly better than expected half-year results
...Click here
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World: Barley outlook for 2023/23 is for lower production, trade, ending stocks, USDA says
...Click here
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Germany: The Warsteiner Group invests in modernisation of its Herforder Brewery
...Click here
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Austria: Future uncertain for Austria’s only Trappist brewery
...Click here
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Ukraine: Barley exports total 2.523 mln tonnes from July 2022 to May 12th
...Click here
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Kenya: Bila Shaka Brewing Company launches Capitan Lager in Kenya
...Click here
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Graph of the Week
Table of the Week
Canada Malt Exports and Imports 2012 - 2022
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
15 May
1878 - The Tokyo Stock Exchange Co., Ltd., is established, primarily to trade bonds
1905 - Las Vegas, Nevada founded
1940 - McDonald's opens its first restaurant in San Bernardino, California
1941 - The world's first successful jet aircraft, a Gloster E28/39 powered by a W1 engine designed by Frank Whittle, takes off and lands at Farnborough, England
16 May
1911 - Supreme Court dissolves Standard Oil with the Sherman Antitrust Act
1930 - Two Texas engineers found a company called Geophysical Service Inc. to use seismographic technology to improve the business of exploring for oil
1949 - The Tokyo Stock Exchange, originally founded in 1878, reopens for business after the devastation of World War II
1951 - The first regularly scheduled transatlantic flights begin between Idlewild Airport (now John F Kennedy International Airport) in New York City and Heathrow Airport in London, operated by El Al Israel Airlines
17 May
1892 - George Sampson patents clothes dryer
1921 - Belgian-Luxembourg sign customs union
1968 - European Space Research Org launches 1st satellite
Agenda
May 2023:
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: Beviale Mexico 2023 (Mexico City, Mexico)
30 - 01 June: Craft Beer China 2023 (Shanghai, China)
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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USA, VA: Three Roads Brewing announces acquisition of Ballad Brewing in Danville
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Three Roads Brewing Company is expanding its footprint on the Southside, WSET reported on May 15.
Three Roads has acquired Ballad Brewing on Craghead Street in Danville.
The company has two taprooms, the original in Farmville and a second location in Lynchburg.
The addition of Ballad will add a taproom in Danville and double the brewery’s production by roughly 2,000 barrels.
“We are committed to being the leading brewery in Southside Virginia, and the addition of Ballad helps us achieve that goal. This is a beautiful part of the country with strong communities. We mean it when we say ‘we brew community.’ Our taprooms in Farmville and Lynchburg are known for being welcoming to everyone, from local families and tourists to beer aficionados and civic organizations looking for a casual meeting space. The Ballad Brewing brand is a big part of Danville and will continue to thrive as a part of the Three Roads Brewing family," Chris Sadler, a founder of Three Roads said.
Ballad Brewing opened in 2017 in a large taproom/brewhouse along the Dan River.
Three Roads will retain the Ballad brand, its catalog of beers, and its River District taproom.
Both brands will be distributed in Virginia and North Carolina and will be available
...More info on site
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USA: Jim Beam launches its 1st single malt whiskey
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Jim Beam has long been known as one of the main brands associated with the most American of whiskeys, bourbon. Now, in a move that will throw a heavyweight into a still emerging category of American whiskey, Beam has debuted its very first American single malt whiskey, The Whiskey Wash reported on May 17.
The new offering, known as Clermont Steep American Single Malt Whiskey, is, according to those behind it, the pet project of the younger Freddie Noe, 8th generation master distiller of the Fred B. Noe Distillery on the grounds of James B. Beam Distilling Co campus in Kentucky. As American single malt has yet to have an official standard approved by the TTB, Noe took it upon himself to develop his own guidelines.
To this end Noe and his team hand-selected the American malted barley for the mash (80% Standard Malted Barley, 20% Golden Pilsner Malted Barley), testing some 67 different barley varieties along the way, and used Beam family jug yeast in the natural fermentation process. It’s the same yeast that is used in all Beam products. This was then distilled on a column still and aged for five years in barrels that were toasted, then quickly charred
...More info on site
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USA, AZ: Fate Brewing Co. to open new location in central Phoenix
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With its latest expansion, Valley favorite Fate Brewing Co. is bringing its popular pints to central Phoenix, the Phoenix New Times reported on May 12.
Fate started 11 years ago in North Scottsdale. It didn't take long before popularity rose and the company moved to a larger space in South Scottsdale. As demand grew, Fate did as well, and in 2019, the brewery opened another location in Tempe.
“We put a lot of time and effort into the small details to make sure our guests can count on Fate as a place to kick back and spend time with people they enjoy,” owner Steve Ellefson says.
Fate is expanding once again, opening its newest location in Phoenix along Seventh Street right off the Grand Canal Trail, a popular spot for biking and dog walking.
“Our Phoenix location will feature a seamless indoor-outdoor layout, a family-friendly atmosphere, as well as an expansive, and pet-friendly, gaming patio," Ellefson says.
Ellefson says many aspects that customers know and love from Fate's other locations will remain the same. The company saw an opportunity to expand to an area that is quickly developing and couldn't pass it up, he says.
"As with our other two locations, our main goal was to
...More info on site
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USA, MA: Harper Lane Brewery to become Middleborough’s first brewery thanks to a state loan
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The state’s economic development finance agency says one of its loans will help establish the first brewery and taproom in Middleborough, although it won’t disclose the specific terms of the loan, Yahoo News reported on May 13.
MassDevelopment announced on May 11 that its $276,250 equipment loan to Harper Lane Brewery will help the limited liability company overseeing it to buy a canning line, kegs, a keg washer, tanks, refrigeration, and wall-mounted HVAC units.
“Small businesses are the heart of Massachusetts’ downtowns and commercial districts,” Secretary of Economic Development Yvonne Hao, who serves as chair of MassDevelopment’s Board, said in a statement. “MassDevelopment’s low-cost financing tools provide these businesses with the capital necessary to buy equipment or invest in real estate, spurring new jobs, economic activity, and positive growth for cities and towns across the state.”
Harper Lane Brewery on Wareham Street in Middleborough will also feature an outdoor beer garden, MassDevelopment said, and the taproom is expected to open this summer. The brewery was established in 2018 by Michael Pasalacqua, who leases space as a tenant brewery at Independent Fermentations Brewing Company.
MassDevelopment, which provides tax-exempt bonds, loans, and guarantees for companies, says it has helped many breweries, including Artifact Cider, Brockton Beer
...More info on site
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USA, ND: Drift Prairie Brewing Co. to hold soft opening in Jamestown
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For the founders of Drift Prairie Brewing Co., it’s not just about creating beer. It’s also about good food and being a family-friendly place where you can stay all day if you’d like to connect with others, hang out, converse or play a game, The Jamestown Sun reported on May 17.
“For us and our perspective, we want to be able to create a space that provides for community and conversation, that the consumption of what we’re creating brings about community,” said co-owner Nick Bruns. “That the space is not just about the consumption of alcohol but it’s about those who you’re with.”
To foster that, they have a large capacity for seating and gathering; games that people can use, and a designated area for children to play while the adults spend time together.
“A gathering space, coffee shop vibe almost more than a bar vibe for sure is what we’re going for and what we’re trying to create with how we set everything up and what we provide,” said Emma Kleingartner, one of the co-owners.
Six households are founding owners of Drift Prairie Brewing Co. and there are also outside investors, mostly from Jamestown, Bruns said.
Drift Prairie Brewing Co. will have a soft
...More info on site
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USA, CA: Wagon Wheel Brewing Co. already open in Oxnard
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Using pieces of history, a brewery is bringing excitement back to a part of Oxnard once known for its western-themed attractions, the Ventura County Star reported on May 15.
The Wagon Wheel Brewing Co. restaurant and brewery opened to a full house earlier this month in north Oxnard near Highway 101.
The menu boasts about 15 beers brewed on site and a variety of dishes made from scratch.
“A lot of passion and love has gone into opening this, as well as the food and beverages,” Chef James Bailey said on May 12.
The brewery has been three years in the making and is part of the Wagon Wheel development — a 62-acre community that will have 1,500 apartments and homes by 2025.
The area was known as the Wagon Wheel Junction throughout the second half of the 20th century and served as a rest stop for motorists traveling between Los Angeles and Santa Barbara.
Designed by Martin V. “Bud” Smith, an Oxnard developer who died in 2001, Wagon Wheel Junction hosted a number of attractions. There was a small amusement park, bowling alley, skating rink, restaurants and a motel.
While the former buildings are now gone, bits of the old Wagon Wheel days
...More info on site
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USA, NC: Terra Nova Beer Co. aiming for a June debut in Asheville
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A new local brewery opening this summer is preparing to make a beer garden oasis out of a gravel parking lot, the Asheville Citizen-Times reported on May 11.
Terra Nova Beer Co. is aiming for a June debut at 101 South Lexington Ave. in the South Slope Brewing District.
The extensive, multistage renovation plan will create a greenspace that flows from inside the taproom to the open-air beer garden. The design reflects the brewery’s name and inspiration.
Terra Nova Beer Co. is opening in the former location of Bhramari Brewing. The brewery's parent company has taken over to create a separate entity with new investment dollars. And a new leadership team and staff are building the business from the ground up.
"It's a special group of people, and that's part of my experience from my last company (Galaxy Digital) was building something that was a culture that's really healthy and it all starts with that core group of people, and we have been blessed to find a core group of people that are all on the same page," said Doss Church, director of operations for Terra Nova and former chief executive officer and founder of Galaxy Digital, a software company in Asheville.
Terra Nova, which
...More info on site
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USA, NY: Southpaw Brewing Co. just weeks away from opening
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Southpaw Brewing Co. is inching closer to opening in Yaphank’s new development The Boulevard, a mix-use property along William Floyd Parkway, the Greater Long Island reported on May 14.
On April 22, the brewery announced on Instagram that it’s “just weeks away” from opening.
The brewery — the idea of cousins James Economou and Thomas Neidhart, along with Thomas’s sons TJ Neidhart and Michael Neidhart — promises to raise the bar on the local beer scene.
Economou is a longtime college football coach and former professional offensive lineman. Thomas is the owner of Southpaw Construction Company. So why a brewery?
A few years back, Thomas approached his cousin about opening a bagel shop, but he turned it down to take a coaching gig at Campbell University in North Carolina. “I said, as a joke, ‘If you are really interested in opening a business together, let’s do a brewery.'” And then Economou left.
Then the pandemic hit. “It just felt the right time to move back home,” said Economou. “I just wanted to be around family.” That’s when the idea started heating up about going into business together.
Having traveled the country for football, the Coram native noticed something on the island. Outside of Long Island, breweries
...More info on site
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USA, KY: Freedom Brewery and Pickleball Ranch breaks ground in Florence
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Officials gathered on land just off Freedom Way in Florence to break ground this week for the Freedom Brewery and Pickleball Ranch, NKyTribune reported on May 14.
The four-acre site, which is just behind the Florence Y’Alls and Thomas More Stadium, will be home to a 12,000 square foot indoor/outdoor brewery, brew pub, and tap room, as well as a six court pickleball facility.
“The Freedom Brewing Company and Pickleball Ranch @FBC look forward to working closely with the City of Florence and the Florence Y’alls to create a true entertainment district gem and a one-of-a-kind social and lifestyle experience for fans of brewery and craft beer, baseball, pickleball, and live entertainment,” said Freedom Brewing Company Managing Partner Pete Robinson.
Robinson and Matt Kappers are the main players in this project, although there are other investment partners, according to Florence Community and Business Development Director Josh Hunt.
A brew-pub style restaurant will be featured in the brewery and taproom, and patrons will be treated to rooftop views into Thomas More Stadium and the adjoining Pickleball Ranch.
There will be a finished lower level patio that will offer a year-round outdoor entertainment space, an excellent view of the pickleball games, and an outdoor concert stage for
...More info on site
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World: United Malt reports slightly better than expected half-year results
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Takeover target United Malt says there has been a big shift in beer tastes as lagers and pilsners come back into favour and the
...More info on site
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World: Barley outlook for 2023/23 is for lower production, trade, ending stocks, USDA says
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The global barley outlook for 2023/24 is for lower production, trade, and ending stocks, USDA said in its May report.
Production is projected to
...More info on site
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Germany: The Warsteiner Group invests in modernisation of its Herforder Brewery
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German brewer The Warsteiner Group has invested €20m ($21.7m) in its Herforder Brewery, as it looks to modernise the production facility and increase the
...More info on site
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Austria: Future uncertain for Austria’s only Trappist brewery
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The last four monks staying at the Austrian abbey of Engelszell will soon leave the premises. Engelszell is home to Austria’s only Trappist brewery, leaving its future ridden with uncertainty, The Brussels Times reported on May 13.
The resident monk community announced on May 12 that it is no longer able to maintain a Trappist life within the monastery. The decision to dissolve was taken in consultation with the Cistercian Trappist order.
The fate of the buildings, the church and the production of beer and liqueurs is uncertain. They are looking for a “suitable, preferably Catholic” solution.
The time frame for the closure as such is also not known. According to Austrian media, it could take another two years before the monks leave the premises for good. The abbey also had about 10 staff members.
Stift Engelszell was founded in 1925. A brewing operation had been launched there in 2012 in collaboration with Peter Krammer, who runs the family brewery Hofstetten, located in Sankt Martin, some 30 kilometres from the abbey.
“We had interrupted the collaboration around 2019-2020, but the abbey had its own brewmaster since then,” Peter Krammer told Belga agency, who remains very surprised by the closure announcement.
The production of the beers is
...More info on site
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Ukraine: Barley exports total 2.523 mln tonnes from July 2022 to May 12th
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In the current marketing year (MY) (from July 1, 2022, to May 12, 2023), Ukraine exported 43.336 million tonnes of grains and pulses, according to the nation’s Ministry of Agrarian Policy and Food.
It is noted that in 2022/2023 MY Ukraine exported 14.89 million tonnes of wheat, 2.523 million tonnes of barley, 17,900 tonnes of rye, and 25.595 million tonnes of corn.
For comparison, from July 2021 to May 16, 2022, Ukraine exported 46.337 million tonnes of grains and pulses, including 18.538 million tonnes of wheat, 5.676 million tonnes of barley, 161,900 tonnes of rye, and 21.657 million tonnes of corn.
In the first 12 days of May this year, Ukraine exported 1.45 million tonnes of grains and pulses (468,000 tonnes in the first 16 days of May last year), including 492,000 tonnes of wheat (12,000 tonnes in May last year), 58,000 tonnes of barley (no data for this crop for May 2022), and 897,000 tonnes of corn (446,000 tonnes in May last year). In May 2023 and in May 2022, Ukraine did not export rye.
Since the start of 2022/2023 MY, Ukraine has exported 133,300 tonnes of flour (70,400 tonnes in 2021/2022 MY).
As Ukrinform reported, from May 1 to May 7, 2023, Ukraine
...More info on site
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Kenya: Bila Shaka Brewing Company launches Capitan Lager in Kenya
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Bila Shaka Brewing Company has launched a new beer dubbed Capitan Lager on the Kenyan market. Combining the rich traditions of brewing with innovative techniques, Bila Shaka aims to revolutionize the local beer scene and offer Nairobians a truly exceptional craft beer experience, the Soko Directory reported on May 16.
According to the company, every batch of Capitan Lager beer is meticulously crafted using the finest locally sourced ingredients, resulting in a remarkable range of flavors.
Led by a team of passionate brewers with years of expertise, Bila Shaka offers an impressive lineup of beers that cater to various palates. From hoppy and refreshing IPAs to rich and velvety stouts, each Bila Shaka beer promises an unforgettable journey for beer enthusiasts and connoisseurs alike.
“We are thrilled to introduce Capitan Lager to Kenyans,” said Rajiv Raja, CEO of Bila Shaka Brewing Company. “Our team has poured their hearts and souls into perfecting this craft beer, and we are confident that Kenyans will embrace the exceptional taste and quality that Bila Shaka represents.”
Beer consumption in Kenya is expected to drop by 0.3 percent year on year over the next five years.
In 2021, Kenya was ranked 46th in terms of beer consumption, surpassing Portugal. The
...More info on site
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