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E-Malt.com Newsletter 27b
July 06 - July 09, 2023
Quote of the Week
Words can inspire, thoughts can provoke, but only action truly brings you closer to your dreams.
Brad Sugars
Currency Rates
Base Currency: US Dollar
on July 07, 2023 |
Base Currency: Canadian Dollar
on July 07, 2023 |
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1 USD = 0.9200 EUR
1 USD = 0.7858 GBP
1 USD = 1.3321 CAD
1 USD = 1.5045 AUD
1 USD = 144.0820 JPY
1 USD = 4.8790 BRL
1 USD = 91.4295 RUB
1 USD = 7.2461 CNY
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1 CAD = 0.7506 USD
1 CAD = 0.5898 GBP
1 CAD = 0.6905 EUR
1 CAD = 1.1292 AUD
1 CAD = 108.1420 JPY
1 CAD = 3.6620 BRL
1 CAD = 68.6232 RUB
1 CAD = 5.4386 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada & UK: Canada’s Richardson International announces acquisition of Anglia Maltings
...Click here
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USA: Hop crop could be smaller this year due to slight fall in acreage
...Click here
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USA: Bud Light sales showing no signs of rebounding
...Click here
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USA, ME: Brickyard Hollow Brewing Co. opens its eighth brewpub in New Gloucester
...Click here
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USA, UT: Shades Brewing set to open in Salt Lake City this fall
...Click here
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Brazil: Number of breweries increases to 1,729 in 2022
...Click here
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Ireland: Beer consumption still below pre-pandemic levels in Ireland
...Click here
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World: Weaker tone in barley prices mostly influenced by corn and wheat markets
...Click here
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EU: Barley prices slide back down reassured by start of harvest
...Click here
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Japan: Brewers racing to launch new products ahead of tax cut
...Click here
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Indonesia: PT Multi Bintang secures license to produce and sell Singaporean Tiger Beer in Indonesia
...Click here
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South Korea: Carlsberg’s former South Korea partner files complaint against Danish brewer
...Click here
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Graph of the Week
Table of the Week
The Number of US Breweries 2010 - 2022
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
06 July
1785 - Congress resolves US currency named "dollar" and adopts decimal coinage
1885 - Louis Pasteur successfully tests an anti-rabies vaccine
1886 - Horlick's of Wisconsin offers 1st malted milk to public
1907 - Opening of Brooklands, in England - the world's first purpose-built motor racing circuit
1928 - In New York, the screening of the first film to include sound - 'The Lights of New York'
07 July
1550 - Chocolate introduced
1802 - 1st comic book "The Wasp," is published
1814 - The world's first authentic historical novel, 'Waverley' by Sir Walter Scott, is published
1891 - Travelers cheque patented
1929 - In Italy, the Vatican in the centre of Rome becomes a sovereign state
1954 - Elvis Presley makes his radio debut
08 July
1497 - Portuguese navigator Vasco da Gama sets sail from Lisbon in search of a sea route to India
1796 - U.S. State Department issues 1st American passport
1870 - Congress authorizes registration of trademarks
09 July
1815 - 1st natural gas well in U.S. is discovered
1875 - The Bombay Stock Exchange is founded in Bombay (now Mumbai), India
1953 - 1st helicopter passenger service, New York City
1957 - Announcement of discovery of atomic element 102 - nobelium
Agenda
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)
19 - 21: Warsaw Beer Festival 2023 (Warsaw, Poland)
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)
March 2024:
22 - 24: St Malo Craft Beer Expo 2024 (St Malo, France)
April 2024:
11 - 13: KIBEX 2024 (Seoul, South Korea)
21 - 24: Craft Brewers Conference & BrewExpo America 2024 (Las Vegas, USA)
May 2024:
20 - 26: Budapest Beer Week 2024 (Budapest, Hungary)
23 - 26: Mondial de la Biere 2024 (Montreal, Canada)
26 - 30: The Brewers of Europe Forum 2024 (Lille, France)
News Articles
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Canada & UK: Canada’s Richardson International announces acquisition of Anglia Maltings
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Leading law firm Mills & Reeve has advised Richardson Malting (UK) on its acquisition of Norfolk malting company, Anglia Maltings. No figures are being
...More info on site
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USA: Hop crop could be smaller this year due to slight fall in acreage
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There could be fewer hops this season as USDA acreage forecasts show the crop has taken a slight fall compared to a peak seen
...More info on site
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USA: Bud Light sales showing no signs of rebounding
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Bud Light is showing no signs of rebounding from its slump as sales plunged even further in June, CBS News reported on July 5 citing industry data.
Sales of the popular beer dropped 28% for the week ending June 24 when compared to the same period last year, according to beer tracker Bump Williams Consulting. Sales of Yuengling Lager, Coors Light and Miller Lite all rose by 22%, 19% and 16% respectively during that same week.
That adds up to around $26.3 million less for Bud Light compared to a year ago, according to data from consumer behavior data analytics firm Circana, which measured one-week sales for Bud Light ending June 25. Coors Light and Mexican pilsner Modelo Especial each saw their sales grow by roughly $10.4 million during that same weekspan, Circana said.
The prolonged sales dip for Bud Light comes weeks after a promotion fiasco with TikTok star Dylan Mulvaney, a trans rights activist and actress, that sparked an uproar among conservatives, including singers Kid Rock and Travis Tritt, who called for a boycott of the popular beer.
Subsequent boycotts of Bud Light have also been initiated by members of the LGBTQ+ community, who feel let down by the
...More info on site
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USA, ME: Brickyard Hollow Brewing Co. opens its eighth brewpub in New Gloucester
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Barely a month after opening its seventh location in Brunswick, Brickyard Hollow Brewing Co. opened its eighth brewpub in New Gloucester over Memorial Day, the Press Herald reported.
Just a few weeks into June and business was jumping at the former Nu Brewery, ringing up some 225 customers on a Wednesday night in this town of 5,600. It’s a jump-start with weekend numbers even more impressive.
The New Gloucester location is much more than just another brewpub selling craft beer and craft pizza though, with a 30-barrel brewing setup part of the acquisition of Nu Brewery.
The added brewing capacity is the real gem, greatly expanding the chain’s brewing output and ability to supply all eight locations with its line of craft brew, something the original Yarmouth location couldn’t do because it only has a five-barrel capacity.
“As we grew, we couldn’t keep up with the brewing there (Yarmouth), so we found some really good partners who could help us with what we call contract brewing,” Brickyard co-founder and President Brad Moll said, “but we’ve been very eager to get back to doing all our own brewing again. It was important for us.”
Contract brewing comes with a cost, but for small or expanding breweries
...More info on site
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USA, UT: Shades Brewing set to open in Salt Lake City this fall
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The Ballpark District in Salt Lake City is about to get some new residents, KSL TV reported on July 5.
Shades Brewing just announced they are set to open in a newly renovated space right along 300 West and 1388 South this fall.
The brewery opened in Park City in 2010 and moved to South Salt Lake in 2015 where they say they’ve outgrown their current space. They say they intentionally chose the Ballpark District and want to be a hub and gathering place there.
Alexandra Ortiz and her husband are the founders of Shades Brewing. They’re spending much of their time now watching the progress of the renovation of The Engine Block building which sits along 300 West, which now has a new bike lane. The couple hopes the outdoor patio and location near Utah Transit Authority’s Trax line will be great for business.
“One thing that we’re so proud of is that breweries tend to bring communities together,” Ortiz tells KSLTV.
Ortiz and her husband have been working out of an old meat packing warehouse in South Salt Lake. For a while now they’ve wanted to be able to open a kitchen and have a place that feels cozy, comfortable and community-driven.
Amy J.
...More info on site
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Brazil: Number of breweries increases to 1,729 in 2022
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Brazil’s Ministry of Agriculture and Livestock said on July 5 the nation’s beer sector grew by 11.6% in 2022 with the addition of 180
...More info on site
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Ireland: Beer consumption still below pre-pandemic levels in Ireland
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Consumption of beer in the Republic remained below pre-pandemic levels in 2022 despite the production of lagers, stouts and ales more than doubling following
...More info on site
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World: Weaker tone in barley prices mostly influenced by corn and wheat markets
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The long-term downward world malting barley prices correction since the peak of June 2022 was recently interrupted on dryness and heat concerns in Europe
...More info on site
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EU: Barley prices slide back down reassured by start of harvest
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EU barley prices have slid back down as the start of harvest has provided stability to the market, RMI Analytics reported.
Light rain in France
...More info on site
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Japan: Brewers racing to launch new products ahead of tax cut
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Major Japanese brewers are racing to launch new products, expecting that a tax cut in October and the waning impact of the COVID-19 pandemic will help reverse a downturn in the domestic market, Jiji Press reported on July 6.
"This year is an important year for the beer market that comes once in a few years," a beer maker official said.
Beer tax will be lowered by 6.65 yen per 350 millilitres in October. Major makers are already launching new products that are more expensive than their mainstay products, which are priced at around 231 yen per 350-milliliter can.
Asahi Breweries Ltd., which is believed to be the top Japanese brewer in volume last year, is scheduled to launch Asahi Shokusai on July 11 in a special can that produces foam when opened.
The company plans to sell the new product around 284 yen per 340-milliliter can, a price that could be regarded as steep. Still, an Asahi official said confidently, "The trend of treating oneself to a bit of luxury will continue."
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Indonesia: PT Multi Bintang secures license to produce and sell Singaporean Tiger Beer in Indonesia
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Publicly listed PT Multi Bintang Indonesia (MLBI) has secured a license to produce and sell beer from Singaporean brand Tiger Beer in Indonesia, The Jakarta Post reported on July 6.
A deal on the arrangement was signed on June 30 by the Indonesian brewer and its Singaporean affiliate Heineken Asia Pacific Pte Ltd.
“With the implementation of this affiliate transaction plan, MLBI receives several benefits […] Increased MLBI revenue and net profits on a consolidated basis,” read MLBI director Dayna Nicole Adelman’s explanation in a press statement released on July 4.
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South Korea: Carlsberg’s former South Korea partner files complaint against Danish brewer
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GoldenBlue, a South Korean whiskey maker and distributor of imported liquor, said on July 7 it had filed a complaint against its former partner Carlsberg Group for unilaterally ending their distribution contract, The Korea Herald reported.
In its complaint filed with the Korean Fair Trade Commission on July 5, GoldenBlue also argued that Carlsberg Group engaged in unfair trade practices during their contract period.
In March, Carlsberg Group "unilaterally" terminated their contract for the distribution of Carlsberg beer in Korea. The two companies had been in partnership since they signed the deal in May 2018.
The Korean distributor insisted that the Danish brewer abused its superior bargaining position to demand GoldenBlue achieve a high sales target, leading the company to increase marketing expenses.
GoldenBlue said its marketing expenses between 2018 and 2021 accounted for around 50 percent of net sales of Carlsberg beer products. It added that the company made a significant investment to add some 50 new employees and set up a unit dedicated to increase sales of Carlsberg.
“Losses continued due to increased expenses (in marketing and investment) as Carlsberg Group pushed with excessively high sales goals. But, the company endured the losses in hopes that the company would be able to generate
...More info on site
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