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E-Malt.com Newsletter 24a
June 12 - June 14, 2023
Quote of the Week
Life is like riding a bicycle. To keep your balance, you must keep moving.
Albert Einstein
Currency Rates
Base Currency: US Dollar
on June 14, 2023 |
Base Currency: Canadian Dollar
on June 14, 2023 |
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1 USD = 0.9267 EUR
1 USD = 0.7952 GBP
1 USD = 1.3335 CAD
1 USD = 1.4770 AUD
1 USD = 139.7350 JPY
1 USD = 4.8593 BRL
1 USD = 83.6968 RUB
1 USD = 7.1566 CNY
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1 CAD = 0.7498 USD
1 CAD = 0.5963 GBP
1 CAD = 0.6948 EUR
1 CAD = 1.1075 AUD
1 CAD = 104.7750 JPY
1 CAD = 3.6436 BRL
1 CAD = 62.7571 RUB
1 CAD = 5.3661 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: AB InBev, Molson Coors set to gain market share from craft beer makers this year
...Click here
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USA: Alcohol consumption about the same as during Civil War days
...Click here
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USA: Bud Light sales continue to plunge but sister brands beginning to recover
...Click here
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North America: Canadian barley crop to most likely attain 10 mln tonnes this year - analysts
...Click here
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USA, TX: Bayou City Hemp Co. acquires Houston’s 8th Wonder Brewery, Distillery and Cannabis
...Click here
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USA, OH: Richfield Brewing Co. scheduled to hold groundbreaking ceremony on June 13
...Click here
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USA, OH: Warped Wing Brewing Co. launching its newest brewery in Huber Heights this Friday, June 16
...Click here
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USA, MI: LaTulip Brewery celebrates its grand opening in Cooks
...Click here
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USA, VA: Honor Brewing expanding with a new facility in Loudoun Couty
...Click here
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USA, TX: Thirsty Pups Brewery & Bottle Shop slated to open in Castle Hills later this year
...Click here
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USA, AL: Old Majestic Brewing Co. announces permanent closure with immediate effect
...Click here
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World: Beer market remains in growth mode in 2022 with 40 biggest brewers increasing total output
...Click here
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World: Barley crop forecast reduced on Australia and Ukraine crop concerns
...Click here
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World: Barley trade forecast increased to 27.671 mln tonnes
...Click here
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EU & UK: Wheat, barley crop forecasts revised downwards by Coceral
...Click here
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EU & UK: Barley crop forecast down 1.75 mln tonnes from 2022
...Click here
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The Philippines: San Miguel Corp. president expects ‘a challenging year’ for the company
...Click here
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France: Winter barley production forecast up 7.3% this year
...Click here
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Australia: Non-alcoholic beer industry booming in Australia
...Click here
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India: Diageo positive about opportunities in India
...Click here
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Ukraine: Ukraine exports 2.666 mln tonnes of barley in 2022/23
...Click here
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Australia: New barley variety expected to advance Australia’s barley production and potentially increase value of national industry
...Click here
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Graph of the Week
Table of the Week
Czech Republic's Malt Production, Exports, and Imports
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
12 June
1849 - Gas mask patented by Lewis Haslett, Louisville, Kentucky
1928 - After more than 130 years of trading, the New York Stock Exchange finally has its first day on which more than 5 million shares trade hands, as total daily volume hits 5,252,425 shares
1972 - The fast food restaurant chain Popeyes is founded in Arabi, Louisiana
1991 - Microsoft releases MS DOS 5.0
1994 - The Boeing 777, the world's largest twinjet, makes its first flight
13 June
1933 - Financial and Economy World conference opens, 66 countries
1934 - Black-McKeller Bill passes causes Bill Boeing empire to break up into Boeing United Aircraft
[Technologies] and United Air Lines
1975 - 1st oil pumped from North Sea oilfield
14 June
1755 - 1e edition of Dr. Johnsons "Dictionary"
1789 - Whiskey distilled from maize is first produced by American clergyman the Rev Elijah Craig. It is named Bourbon because Rev Craig lived in Bourbon County, Kentucky
1846 - Belgian Liberal Party forms
1946 - Canadian Library Association established
1951 - 1st commercial computer, UNIVAC 1, enters service at Census Bureau
Agenda
June 2023:
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: AB InBev, Molson Coors set to gain market share from craft beer makers this year
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Anheuser-Busch InBev and Molson Coors Beverage are set to gain market share from craft beer makers in the United States this year as cost-conscious
...More info on site
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USA: Alcohol consumption about the same as during Civil War days
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The average American now drinks about the same amount of alcohol as people drank during the Civil War days, a new study reveals.
The study,
...More info on site
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USA: Bud Light sales continue to plunge but sister brands beginning to recover
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Bud Light sales continued to plunge as the nation’s No. 1 beer brand continues to lose share to runner-up Modelo Especial — but its sister brands are beginning to recover from the disastrous marketing partnership with Dylan Mulvaney, the New York Post reported on June 13.
Sales of Bud Light dropped 24.4% in the week ended June 3 — slightly worse than the 23.9% decline over the previous week which had included steep discounting over the Memorial Day holiday weekend, according to data from Bump Williams Consulting and NielsenIQ.
Meanwhile, Anheuser-Busch’s Michelob Ultra — the nation’s third-biggest brand by sales — turned positive for the first time in weeks with a 0.7% sales increase versus a 0.1% decline the previous week.
Elsewhere, Anheuser-Busch beers continued to drop, although at a slower rate.
The flagship Budweiser brand’s sales were down 7.8% vs. 8.5% while Natural Light’s sales were down 1.0% vs. a 1.5% decline and sales of Busch Light were were down 0.8% vs. a 3.0% decline over the same period.
“The majority of Anheuser-Busch InBev brands showed an improvement in trend declines versus the prior week,” said Bump Williams, head of the eponymous consulting firm, in a statement. “Perhaps this is the turning point.”
Meanwhile, sales
...More info on site
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North America: Canadian barley crop to most likely attain 10 mln tonnes this year - analysts
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Some improvement in soil moisture was achieved across most major barley regions in Canada over the past 14 days. One exception is in Alberta,
...More info on site
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USA, TX: Bayou City Hemp Co. acquires Houston’s 8th Wonder Brewery, Distillery and Cannabis
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Houston’s Bayou City Hemp Co., which touts itself the leading cannabis operator in Texas, announces the acquisition of 8th Wonder Brewery, Distillery and Cannabis — one of the city’s most popular craft brewers and distillers. The announcement follows a series of successful collaborations between the two to create non-alcoholic THC beverages for canna-curious Texas consumers.
The acquisition integrates the artisanal expertise of the iconic Houston craft brewer with the cutting-edge science of Texas’ largest and most trusted cannabis operator. With a C-suite that draws from a wide range of experience (oil and gas, beverage sciences, CPG branding and marketing), Bayou City Hemp is poised to capture the Texas adult beverage market with a diversified portfolio of leading brands. The transaction has enormous implications for both the Texas beverage industry and the U.S. cannabis market, which is expected to grow to more than $86 billion by 2030.
“We’re excited to welcome the 8th Wonder Team to the Bayou City Family,” said Benjamin Meggs, chief executive officer of Bayou City Hemp. “Our commitment to provide quality products and trusted brands to consumers is strengthened with 8th Wonder, who has been a Texas staple in craft beer and spirits for over a decade. We
...More info on site
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USA, OH: Richfield Brewing Co. scheduled to hold groundbreaking ceremony on June 13
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Groundbreaking for the Richfield Brewing Co. is scheduled for Tuesday June 13, Cleveland.com reported on June 12.
Andrew Ritterbeck, a veteran brewer at several Ohio breweries, will be in the brewhouse and part of the ownership team, led by Mike Lytz. The 5,000-square-foot brewery is being constructed at 3871 Broadview Road, just south of Ohio 303 in Summit County. Target opening date is spring 2024.
“Right now there’s just a hole in the ground,” Ritterbeck said. “I’ve been involved in enough startups, it’s a moving target.”
Ironically, wine led to the beer venture. Ritterbeck’s parents know Lytz because they used to work at Sarah’s Vineyard, which Lytz owns. It’s near Blossom Music Center in Cuyahoga Falls.
“We’ve always wanted to have beer at Sarah’s Vineyard,” he said. Lytz is a former teacher, and his late wife, Margaret, was a nurse.
“We’re in the national park. We always wanted to have a winery and found an opportunity to lease land (in 2001) from the park. Whatever is sold has to be related to farming. We thought about a little brewery for a long time. Andrew came along and had some experience as a brewmaster.”
The idea for a brewery took root, and their search included the former
...More info on site
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USA, OH: Warped Wing Brewing Co. launching its newest brewery in Huber Heights this Friday, June 16
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Warped Wing Brewing Co., headquartered in the heart of Downtown Dayton, Ohio, announced the grand opening of its new brewery and taproom location in Huber Heights this Friday, June 16. This space boasts a large outdoor biergarten, warehouse & production space, private event space, and a full food menu focused on smoked foods like the Springboro & Mason Taproom locations, the Craft Brewing Business reported on June 13.
“We’ve been soft opening now for a couple of weeks in Huber Heights – but we’re incredibly excited to officially open our doors and share some pints with our friends up north,” said Nick Bowman, co-founder and Vice President of Sales & Marketing at Warped Wing. “This new location has a great vibe and I’m excited for people to experience it. ‘The Heights’ is really taking shape and we’re so proud to be a part of it!”
Seating capacity is 127 in the main taproom, 48 in the event space, and 104 in the outdoor biergarten.
“We are planning on adding a pilot brewing system at our new location in Huber Heights,” said John Haggerty, co-founder and Brewmaster at Warped Wing. “The flexibility of having multiple systems allows us more opportunity to experiment and create
...More info on site
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USA, MI: LaTulip Brewery celebrates its grand opening in Cooks
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A brewery in Schoolcraft County celebrated its official grand opening on Saturday, June 10, the Upper Michigan’s Source reported.
LaTulip Brewery is located on US-2 in Cooks. The owners purchased the property in 2020 and have been renovating it.
The brewery has been open to the public since August 2022, but acquiring the different required licenses was challenging.
June 10th was the grand opening. The brewery now serves pizza, offers live music and will host food trucks for customers to enjoy.
“The support that our family has given us has been outstanding,” said Jason LaTulip, LaTulip Brewery co-owner. “Our friends and family came from far away, the local support has been phenomenal. Because of the local support, we were able to make it through wintertime. It has been a great time.”
The brewery is open Wednesday through Sunday from 2 to 10 p.m. ET and closes at 6 p.m. on Sundays.
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USA, VA: Honor Brewing expanding with a new facility in Loudoun Couty
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It’s been more than a year since it was first reported that the Honor Brewing Company was expanding and opening a new facility in Loudoun County. Now, construction is well underway and a target opening is in sight, The Burn reported on June 11.
Honor Brewing is coming to 42604 Trade West Drive. That’s just off Arcola Mills Drive, south of Brambleton in Ashburn.
Besides serving up more than a dozen styles of their beers and ales, the new location being built on five acres should also include a restaurant with indoor and outdoor dining as well as a full bar.
Honor already has its original brewing facility in Chantilly, and last year, they opened a restaurant and tasting room in Fairfax called the Honor Brewing Kitchen.
No word if the menus will be the same, but in Fairfax, they offer lunch, dinner, and brunch with menus full of appetizers, sandwiches, salads, entrees, pizzas, and more. You can see the Fairfax location’s menu here.
While no firm date has been set yet for the opening of the Loudoun location, we’re told they are currently aiming for September if everything stays on track.
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USA, TX: Thirsty Pups Brewery & Bottle Shop slated to open in Castle Hills later this year
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San Antonio is home to a number of great breweries that are concocting award-winning beers, including Roadmap Brewing Co., Freetail Brewing Co., and Küenstler Brewing. Now, Castle Hills is getting in on the fun, with a craft brewery and taproom slated to land in the enclave city later this year, mySA reported on June 12.
Thirsty Pups Brewery & Bottle Shop is a new microbrewery coming soon to Castle Hills, landing in the same strip of businesses as Sushishima Japanese Restaurant and European Dumplings Cafe. Thirsty Pups is co-owned by Audra Perkins and brewer Erik Ureta, according to a news report by What Now San Antonio. Ureta has previously worked at Second Pitch Beer Co. and Alamo Beer Company.
The new craft brewery is expected to brew about six to eight house beers from the get-go, with established Texas craft beers from other brewers filling out the rest of the taps. Though many independent breweries in San Antonio also serve a menu of food along with their brews, Thirsty Pups will focus solely on providing beverages, according to the report.
While an opening date hasn't been set in stone just yet, the window for when we can expect Thirsty Pups to start serving
...More info on site
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USA, AL: Old Majestic Brewing Co. announces permanent closure with immediate effect
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Mobile brewery Old Majestic Brewing Co. has announced in a Facebook post their permanent closure effective immediately, WPMI reported on June 9.
Court documents show the landowners are suing the company calling for its immediate eviction for nonpayment.
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World: Beer market remains in growth mode in 2022 with 40 biggest brewers increasing total output
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The international beer market remained in growth mode in 2022: the total output volume of the 40 biggest brewers worldwide rose by 4.1 percent
...More info on site
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World: Barley crop forecast reduced on Australia and Ukraine crop concerns
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RMI Analytics have reduced their crop 2023 production forecast to 142.6 mln tonnes – down 0.4 mln tonnes since the previous forecast at the
...More info on site
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World: Barley trade forecast increased to 27.671 mln tonnes
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Global barley trade forecast for 2023/24 is up this month, at 27.671 mln tonnes versus 27.171 mln in the May report, on increased export
...More info on site
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EU & UK: Wheat, barley crop forecasts revised downwards by Coceral
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Agricultural trade body Coceral has lowered its outlook for EU 27 2023 soft wheat production to 127.3 million tonnes from 129.5 million tonnes in
...More info on site
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EU & UK: Barley crop forecast down 1.75 mln tonnes from 2022
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Barley crop 2023 forecast for the EU and UK is 57.04 mln tonnes, a reduction of 1.75 mln tonnes from 2022 with Spain’s drought
...More info on site
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The Philippines: San Miguel Corp. president expects ‘a challenging year’ for the company
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Ramon S. Ang, president of conglomerate San Miguel Corp. (SMC), on June 13 said he would be “thankful” if the company’s performance this year would match its 2022 results, the BusinessMirror reported.
Ang said during the company’s annual stockholders’ meeting that 2023 will be “a challenging year” because of high inflation, higher cost of borrowing and the fluctuation of crude prices in the world market. He also noted the reduced power and food demand.
“So, but despite all of that, because the company is doing everything we can, our first quarter is still good,” Ang said.
“But, you know, if we compare 2022, which is a national election year, the volume is definitely much better than this year, 2023. So, if we can at least match the previous year’s performance, I think we should be very thankful.”
In 2022, San Miguel’s net income fell 44 percent to P26.76 billion from the previous year’s P48.16 billion.
Excluding the effects of foreign exchange and the CREATE Law, or Corporate Recovery and Tax Incentives for Enterprises Act, its net income reached P43.21 billion, still lower than the previous year’s P47.04 billion.
For 2022, it had record revenues of P1.5 trillion, some 60 percent higher than the previous year’s P941.19
...More info on site
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Japan: Beer and quasi-beer sales grow 1% in May
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Japanese sales of beer and quasi-beer products in May grew 1 pct from a year before, according to data from four major beer companies.
The rise reflected a 20 pct increase in sales to restaurants and bars thanks to stronger demand for eating out amid the Golden Week holiday period. The brisk demand also reflected an increase in foreign tourists.
Sales rose 4 pct for beer and 24 pct for "happoshu" quasi-beer, while so-called third segment beer-like beverages incurred a drop of 10 pct.
By maker, Suntory Spirits Ltd. logged beer and quasi-beer sales growth of 16 pct in volume, led by a 13 pct rise marked by the Perfect Suntory beer.
Sapporo Breweries Ltd. posted a 5 pct rise in sales volume, while Asahi Breweries Ltd. saw its sales in value expand 4 pct.
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France: Winter barley production forecast up 7.3% this year
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France's farm ministry on June 13 forecast the country's 2023 winter barley production at 9.07 million tonnes, up 7.3% from 8.45 million tonnes last
...More info on site
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Australia: Non-alcoholic beer industry booming in Australia
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The non-alcoholic beer industry is booming as Australians cut back on booze, with alcohol consumption hitting the lowest levels in decades, the Sydney Morning Herald reported on June 11.
Endeavour Group, the parent company of Dan Murphy’s and BWS, reported one in 10 customers had bought a low- or zero-alcohol product across the past 12 months. Asahi Beverages – which accounts for almost half of the Australian beer market – said non-alcoholic beer sales had tripled in three years, and mid-strength, low- and zero-alcohol drinks made up 30 per cent of their total beer sales.
Australia’s non-alcoholic beer market is expected to grow 9.16 per cent a year, pulling in an estimated A$289 million in revenue this year.
IWSR Drinks Market Analysis found, it’s not teetotallers driving global growth, but Millennials cutting back on their consumption: 78 per cent of no- and low-alcohol consumers also drink full-strength alcohol.
The trend was obvious at the Sydney International Convention Centre Great Australasian Beer SpecTAPular craft beer festival last weekend, where stallholders noticed non-alcoholic options became more popular as the day progressed.
Lauran Vohmann started drinking non-alcoholic beers after completing dry January last year.
“It’s something you can have in a social situation, and it feels much less weird
...More info on site
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India: Diageo positive about opportunities in India
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Spirits maker Diageo India is "positive" about the opportunity in India and advocated for an inflation-indexed price increase and a harmonised tax structure for
...More info on site
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Ukraine: Ukraine exports 2.666 mln tonnes of barley in 2022/23
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In the current marketing year (MY) (from July 1, 2022 to June 12, 2023), Ukraine exported 46.748 million tonnes of grains and legumes, Ukrinform reported citing data by the Ministry of Agrarian Policy and Food of Ukraine.
It is noted that in 2022/2023 MY, as of June 12, 2023, Ukraine exported 16.050 million tonnes of wheat, 2.666 million tonnes of barley, 18,000 tonnes of rye, and 27.709 million tonnes of corn.
For comparison, from July 2021 to June 17, 2022, Ukraine exported 47.794 million tonnes of grains and pulses, including 18.646 million tonnes of wheat, 5.737 million tons of barley, 161,500 tonnes of rye, and 22.94 million tonnes of corn.
During the 12 days of June, Ukraine exported 1.411 million tonnes of grains and pulses (695,000 tonnes during the 17 days of June last year), including 552,000 tonnes of wheat (48,000 tonnes in June 2022), 19,000 tonnes of barley (21,000 tonnes in June 2022), and 838,000 tonnes of corn (623,000 tonnes in June 2022). In June this year and in June last year, Ukraine did not export rye.
Since 2022/2023 MY, Ukraine has exported 145,500 tonnes of flour (in 2021/2022 MY, 69,600 tonnes).
As Ukrinform reported, according to Ukrainian Agrarian Council, by the end
...More info on site
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Australia: New barley variety expected to advance Australia’s barley production and potentially increase value of national industry
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The Australian Agriculture and Food Minister Jackie Jarvis on June 9 unveiled a new barley variety that is being hailed as ‘the one’ to advance barley production in Australia and potentially increase the value of the national industry by A$110 million annually, the Australian Manufacturing reported.
The high-performance variety named Neo, the Greek word for new, is claimed to be well suited to medium to high rainfall environments boasting strong pest and disease resistance and superior grain quality characteristics.
Neo, which was recently submitted for malting barley accreditation, was created by locally based breeding company InterGrain, co-owned by the Western Australian Government and the Grains Research and Development Corporation.
The naturally bred variety is a product of the Department of Primary Industries and Regional Development’s Cereal Doubled Haploid Program, accelerating the development of breeding lines tailored to Australian conditions.
“Neo barley reflects its name – a modern variety, ahead of its time and bred using the latest plant breeding technology to generate a leap in production and malting performance,” said Minister Jarvis.
He underscored that this new variety will help Australia maintain its position as a leader in the world when it comes to supplying premium barley to discerning domestic and foreign markets.
“Our Government is
...More info on site
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Australia: CEO of Asahi Beverages to step down
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Robert Iervasi, Group CEO of Asahi Beverages, has announced he will be stepping down from the role after 16 years with the business, the Convenience & Impulse Retailing reported on June 13.
Iervasi announced his resignation in order to spend more time with his family for personal reasons and to enjoy a career break.
Roland van Bommel, Chairman of Asahi Holdings Australia, said they wish Iervasi and his family all the best for the future.
“Robert joined Asahi Beverages in 2006 and during this time he worked across many aspects of the business. In 2019, he was promoted to Group CEO of our Oceania business.
“Robert played a critical role in the successful integration of Carlton & United Breweries and the Oceania business has delivered consistent business results under his leadership.”
Van Bommel announced that Amanda Sellers, Group Chief Financial Officer, as interim Group CEO Oceania effective immediately while they search for a permanent replacement.
“Amanda is an incredibly talented leader, and we are fortunate to have her as our interim CEO.”
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