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E-Malt.com Newsletter 28a
July 10 - July 12, 2023
Quote of the Week
You don't need to see the whole staircase, just take the first step.
Martin Luther King Jr.
Currency Rates
Base Currency: US Dollar
on July 12, 2023 |
Base Currency: Canadian Dollar
on July 12, 2023 |
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1 USD = 0.9086 EUR
1 USD = 0.7750 GBP
1 USD = 1.3257 CAD
1 USD = 1.4976 AUD
1 USD = 140.5830 JPY
1 USD = 4.8853 BRL
1 USD = 90.3398 RUB
1 USD = 7.2081 CNY
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1 CAD = 0.7542 USD
1 CAD = 0.5845 GBP
1 CAD = 0.6853 EUR
1 CAD = 1.1295 AUD
1 CAD = 106.0300 JPY
1 CAD = 3.6846 BRL
1 CAD = 68.1361 RUB
1 CAD = 5.4365 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Modelo Especial holds position of America’s top-selling beer brand for two straight months
...Click here
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USA: Guinness, Corona and Heineken named the three “most-liked” beers of 2023
...Click here
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USA, NY: Personal Best Brewery opening up in Ithaca
...Click here
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USA, OK: Cabin Boys Brewery to hold the grand opening of their new brewpub on July 15
...Click here
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USA, FL: Biscayne Bay Brewing to open its flagship location in downtown Miami
...Click here
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USA, PA: Staggered Leg Brewing to open its doors officially on July 21
...Click here
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USA, CT: Tree House Brewing Co. opens brewery on 100-acre Woodstock farm
...Click here
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USA, VA: O’Connor Brewing Co. closing Norfolk location, selling building to another brewer
...Click here
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USA, WI: One Barrel Brewing Co. to close on of its locations in Madison
...Click here
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World: Emerging markets lead post-pandemic beer market recovery
...Click here
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Japan: Beer and quasi-beer sales down 1% in January-June
...Click here
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World: Barley production forecast reduced to 141 mln tonnes
...Click here
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Brazil: Ambev boosted to Buy from Neutral on expectations of strong recovery in margins
...Click here
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EU & UK: Analysts lower barley crop forecast due to hot and dry weather in June
...Click here
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Australia: More Australians drink alcohol now than before pandemic, research shows
...Click here
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World: Growth is looming for global spirits brands, analysts say
...Click here
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Australia & China: China delays decision on Australian barley tariffs
...Click here
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France: Farm ministry pegs France’s total barley production forecast at 11.94 million tonnes
...Click here
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Germany & Ireland: German beer giant Warsteiner invests €3.5 million into Ireland's Rye River Brewing Company
...Click here
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Belgium: AB InBev investing in upgrade of its Sint-Pieters-Leeuw, Hoegaarden and Leuven breweries to expand non-alcoholic beer portfolio
...Click here
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Thailand: Energy drinks billionaire targets large-scale beer brewing as next venture
...Click here
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Zimbabwe: Delta Beverages delta invests over USD150 mln into expansion in five years
...Click here
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UK: Carlsberg making its beer weaker ahead of duty increase
...Click here
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Graph of the Week
Table of the Week
Belgium Malt Exports 2018 - 2022
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
10 July
1933 - 1st police radio system operated, Eastchester Township, New York
1949 - 1st practical rectangular TV tube announced-Toledo, OH
1958 - 1st parking meter installed in England (625 installed)
2000 - EADS, the world's second-largest aerospace group is formed by the merger of Aerospatiale-Matra, DASA, and CASA
11 July
1934 - FDR became 1st pres to travel through Panama Canal
1962 - 1st transatlantic TV transmission via satellite (Telstar I)
1972 - The first game of the World Chess Championship
1985 - Coca-Cola announces the return of Coke Classic after the company had tried displacing the old formula with New Coke
12 July
1793 - The world's first optical telecommunications network is launched
1854 - George Eastman is born, future founder of "Kodak"
1859 - Paper bag manufacturing machine patents by William Goodale, Massachusetts
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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USA: Modelo Especial holds position of America’s top-selling beer brand for two straight months
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Modelo Especial, from Constellation Brands, has been America’s top-selling beer brand for two straight months — May and June, according to data from consulting firm Bump Williams cited by Reuters.
The data showed Modelo Especial had an 8.7% share of overall beer sales at retail stores during the last four weeks ending July 1. This comes after the beer dethroned Anheuser-Busch InBev’s Bud Light in May, which had been the most sold beer in 2022 and the early part of 2023.
Bud Light’s sales dipped following a public backlash from conservative groups due to a social media promotion involving Dylan Mulvaney, a transgender influencer. The drop in sales had Bud Light trailing Modelo Especial with a 7% share of the overall beer sales. Bud Light and Budweiser sales experienced a substantial decline of 28% and 11.7% respectively year on year, while Modelo Especial’s sales increased by 8.5%.
The drop in sales due to conservative backlash was not exclusive to Bud Light. Other beer brands from AB InBev, such as Michelob Ultra and Natural Light, also experienced a decrease in sales. This fallout was noted by TD Cowen analyst Vivien Azer, who expressed the belief that the consumers shifting away from these brands were
...More info on site
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USA: Guinness, Corona and Heineken named the three “most-liked” beers of 2023
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Guinness, Corona and Heineken were named the three “most-liked” beers of 2023, while Bud Light lost its footing, slipping from the top ten, The Drinks Business reported on July 10.
YouGov survey results saw Guinness, Corona and Heineken win approval from 58%, 53% and 51% of Americans respectively, but reports in Newsweek noted how Bud Light had dropped off the top ten list entirely with the data showing it placing at number 15.
The survey, which was judged by public approval between the second quarters of 2022 and 2023, revealed that despite the proportion of Americans who “liked” Bud Light staying consistent at 42%, the popularity of rival beers had meanwhile surged, pushing it from ninth-most popular brand in 2022 into a tie position as 14th-most popular in 2023 on a par with other beer brands such as Pabst Blue Ribbon, Miller Genuine Draft and Miller Light.
According to Newsweek, Bud Light has reportedly also lost its position due to being targeted with a boycott campaign following its partnership with transgender influencer Dylan Mulvaney. The paper stated that this could be deduced since Bud Light sales fell around the same time, with the company selling 31.3% less in the week ending 24 June
...More info on site
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USA, NY: Personal Best Brewery opening up in Ithaca
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A new microbrewery and beer garden is opening up on West State Street in Ithaca featuring classic brews and new creations, The Ithaca Voice reported on July 7.
Inside the renovated building that formerly held the City Health Club gym, the brewery features an outdoor beer garden, over a dozen selections on tap ranging from classics to new creations, as well as several recreational shuffleboard courts.
Personal Best Brewery is now in its soft-opening phase and is open four days a week from 4-10 p.m. on Wednesdays and Thursdays; 4-11 p.m. on Fridays; 12-11 p.m. on Saturdays; and 12-8 p.m. on Sundays. Hours are subject to change and will be adjusted once the grand opening is held.
Founder and owner Anthony Cesari said the idea of opening a brewery came to him a few years ago.
“This building has been in our family, it was originally a health club since the ‘80s and the health club was slowly [fading] away,” Cesari said. “Around that time I had just gotten into home brewing and we started toying with the idea of maybe doing a brewery — and then the health club closed and we started [demolishing] it in 2019 and it really became
...More info on site
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USA, OK: Cabin Boys Brewery to hold the grand opening of their new brewpub on July 15
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Join Cabin Boys Brewery on July 15 for the Grand Opening of their new Cabin Boys Brewpub at 11 a.m., KTUL reported on July 9.
Located on the corner of Main and Cameron, the heart of Tulsa’s arts district, they bring you their craft beer, draft cocktails, and elevated bites.
They will be sharing their full menu in the coming days so keep watch for that.
Cabin Boys Brewery was founded by master brewer Austin McIlroy in 2017, with its main facility at 1717 E. Seventh St.
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USA, FL: Biscayne Bay Brewing to open its flagship location in downtown Miami
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Biscayne Bay Brewing, a locally owned and independent brewery, is excited to announce the highly anticipated opening of their flagship location in Downtown Miami. This momentous occasion marks a significant milestone as it becomes the first-ever brewery and taproom in the heart of Downtown Miami. The doors will swing open on July 19th, at 5 PM, a culmination of four years of meticulous planning and preparation, Brewbound reported on July 9.
“The opening of our flagship location is a dream come true, as Miami locals and one of the only independent owned breweries, we are proud to be a part of Downtown Miami’s revival and give our community the first brewery and taproom in the area,” said Biscayne Bay Brewing co-owner Nick Bonfiglio
The choice of this iconic location speaks volumes about the owners commitment to honoring Miami’s rich heritage while embracing its vibrant future. The Old United States Post Office carries with it a sense of history, an architectural marvel that adds depth and character to the brewery. As visitors step inside, they can explore the captivating history of a place that has witnessed the transformation of Miami. Designed by the renowned architects Kiehnel and Elliott, along with Oscar Wenderoth, this
...More info on site
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USA, PA: Staggered Leg Brewing to open its doors officially on July 21
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Congratulations to the team at Staggered Leg Brewing as they officially open their doors on Friday, July 21st at 4790 W Market Street in York, PA. Not only will the opening of the brewery add to the record number of brewing companies operating in PA, but it will also add to the vast number of Veteran owned and operated breweries in Pennsylvania, Breweries in PA reported on July 10.
According to military veteran and brewery owner Dennis Dacheux Jr. who (with his father Dennis Dacheux Sr. and brother William Dacheux) will be leading business operations and ownership, the Dacheux family has spent years perfecting the many different aspects of the business prior to opening the brewery. As Dennis shared, his brother William will lead brewing operations. Having brewed professionally in the past as well as spending time homebrewing, William will bring his expertise to the brewing side of the business.
Staggered Leg plans to offer seven beers immediately once opening, with the opportunity to add more to its twelve tap system. While also leaving a few taps open for guest beers from other PA producers. All brewing will be done on their three-barrel system which is produced at an offsite production only
...More info on site
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USA, CT: Tree House Brewing Co. opens brewery on 100-acre Woodstock farm
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The highly coveted “White Whale” of craft beer is now selling its products in Connecticut, the Hartford Business Journal reported on July 10.
Tree House Brewing Co., which opened a fermentory on a 100-acre Woodstock farm in 2019, has begun offering retail sales at its Connecticut facility.
Located at 54 Joy Road, Tree House Farm & Fermentory offers a draft list that includes two pales, one with Peacharine, Citra and Riwaka hops, and another with Simcoe and Citra, according to an announcement on Twitter.
In addition to the new brewery, the farm features “a large fruit tree orchard, berry block, produce program, hop fields and chicken flock,” the announcement says.
Tree House, founded in 2011, opened its first brewery in a tiny red barn in Brimfield, Massachusetts. It moved to a Koran Farm in Monson, Massachusetts in 2013 following a zoning dispute.
Tree House quickly became a destination for craft beer-seekers from across the country and outgrew its location. Customers would wait in line for hours to fill growlers of newly released seasonal and experimental brews, mostly IPAs.
In 2014, Tree House built a new brewery and taproom that was six times larger across the street. As the brewery increased in size, so did its
...More info on site
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USA, VA: O’Connor Brewing Co. closing Norfolk location, selling building to another brewer
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O’Connor Brewing Co. is closing its Norfolk taproom and brewing facility, the owners announced on social media on July 7. The brewery’s last day of operation is July 23, Yahoo News reported.
“Although we are sad to say goodbye to our current neighborhood and employees, we are proud and grateful to be a part of the local business community since 2010 and look forward to this upcoming new chapter and the evolution of our business,” owners Kevin and Penny O’Connor said in a statement on social media.
Armed Forces Brewing Co., a military-themed, veteran-owned brewer from Annapolis, Maryland, will move into the brewing facility, bringing 47 jobs, according to an announcement from Gov. Glenn Youngkin.
O’Connor opened in 2010 and moved to its current location at 211 W. 24th St. in 2014. The beers were a hit: The company then began producing thousands of barrels a year.
Then, former employees called out the beer maker and its leadership for fostering an environment of racism, sexism and harassment in 2021. O’Connor management also implemented changes from a voluntary workplace culture investigation.
In the June 7th announcement, O’Connor owners said the beer brand will still be manufactured and sold at restaurants and stores.
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USA, WI: One Barrel Brewing Co. to close on of its locations in Madison
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An East Side brewpub will close later this month in an effort to grow, the Wisconsin State Journal reported on July 7.
One Barrel Brewing Co. announced on July 7 that it will close its Atwood Avenue location so it can focus on finding a new spot for a “larger destination” taproom and beer garden in the Madison area.
Founder Peter Gentry said in 2019, when he opened a $1.5 million facility in the Door County community of Egg Harbor, that he was in the hunt for a site on which to build, or a building to buy, on Madison’s West Side and which would serve as a brewpub and larger-scale brewing facility.
The move would allow the company to reclassify the business as a brewpub, not a brewery, which means he would be able to open three additional locations under state law. Because One Barrel brews most of the beer on contract at Octopi in Waunakee, its operation is classified as a brewery and is only allowed two locations.
Besides Madison, the company wants to expand into Green Bay as well, according to Adam Ginsberg, who sent a letter on July 7 to the brewery’s mug members informing them that the last day
...More info on site
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World: Emerging markets lead post-pandemic beer market recovery
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World beer production varies substantially by region, with Asia leading the way, due mainly to China being the world’s largest beer market. Next comes
...More info on site
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UK: Number of breweries rises in Q2 2023
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The total number of breweries in the UK has risen in the second quarter of 2023, according to figures released from the SIBA UK
...More info on site
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Japan: Beer and quasi-beer sales down 1% in January-June
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Beer and quasi-beer sales in Japan in January-June dropped 1 pct from a year before in volume, down for the first time in two
...More info on site
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World: Barley production forecast reduced to 141 mln tonnes
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The global barley production forecast is reduced slightly to 141 mln tonnes, down 0.8 mln from the end of June, RMI Analytics said in
...More info on site
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Brazil: Ambev boosted to Buy from Neutral on expectations of strong recovery in margins
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Ambev S.A. jumped 2.3% as BofA upgraded shares citing Brazil beer sales, MSN reported on July 10.
The firm boosted the beverage maker to
...More info on site
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EU & UK: Analysts lower barley crop forecast due to hot and dry weather in June
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RMI Analytics’ barley crop 2023 forecast for the EU + UK has been lowered to 55.08 mln tonnes, down nearly 1 mln tonnes from
...More info on site
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Australia: More Australians drink alcohol now than before pandemic, research shows
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There are hundreds of thousands more Australians drinking than there were before the COVID-19 lockdowns, even though alcohol consumption has fallen from the heights
...More info on site
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World: Growth is looming for global spirits brands, analysts say
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The past few years have been difficult for spirits brands, but in many categories, and in various territories, growth is looming, The Spirits Business
...More info on site
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Australia & China: China delays decision on Australian barley tariffs
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Australia said on July 12 it was disappointed that China has asked for another month to complete a review needed to lift tariffs on
...More info on site
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Romania: Beer sales drop by 9% in January-May
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The volume of beer sales in Romania fell by an annual 9% in the first five months of 2023, mainly due to a drop
...More info on site
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France: Farm ministry pegs France’s total barley production forecast at 11.94 million tonnes
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This year’s soft wheat crop in France, the European Union’s biggest grain producer and exporter, is expected to rise by nearly 4% from last
...More info on site
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Germany & Ireland: German beer giant Warsteiner invests €3.5 million into Ireland's Rye River Brewing Company
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German beer giant Warsteiner has invested €3.5 million into Ireland's Rye River Brewing Company, a company filing has revealed.
While the news of Warsteiner's investment
...More info on site
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Belgium: AB InBev investing in upgrade of its Sint-Pieters-Leeuw, Hoegaarden and Leuven breweries to expand non-alcoholic beer portfolio
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Global beer giant AB InBev is investing €31m ($34m) in upgrading its Belgian breweries in Sint-Pieters-Leeuw, Hoegaarden and Leuven: which will help expand its non-alcoholic beer portfolio, BeverageDaily.com reported on July 11.
The investment will include optimization of a new de-alcoholizing system used to make Corona Cero, an alcohol-free version of Mexican lager Corona which launched in 10 European markets last year (Belgium, Finland, France, Denmark, Germany, Netherlands, Norway, Poland, Sweden and the UK).
Belgium is one of AB InBev’s top producers for 0.0% ABV beer brands. Alongside Corona Cero, AB InBev brews another six non-alcoholic beers in the country: including options from Hoegaarden and Leffe.
The country also boasts AB InBev’s Global Innovation and Technology Center in Leuven, where many of the non-alcohol brewing techniques used by the company were developed.
The latest investment will also go towards improved bottling capabilities.
“The no-alcohol beers of today are much different from what was available years ago,” said David De Schutter, Global Vice President, GITEC. “The innovative methods and technology developed by our brewers and researchers are creating the next generation of refreshing, great tasting, no-alcohol beers for people to enjoy on any occasion.”
Globally, non-alcoholic beer is one of the industry’s fastest-growing beer categories, and AB
...More info on site
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Thailand: Energy drinks billionaire targets large-scale beer brewing as next venture
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Thai business magnate Sathien Sathientham, who made his £1.2 billion fortune through energy drink brand Carabao Dang, has targeted large-scale beer brewing as his next venture, The Drinks Business reported on July 7.
Sathientham, who recently changed his surname from Setthasit, has invested 4 billion baht (£90 million) to build a factory in the centre of Thailand.
Investment is being made through Tawandang Brewery, a business established by the billionaire last year, and the first batch of beer is expected by the end of the year.
Distribution will be provided by Bangkok-listed company Carabao Group, the energy drink maker named after a popular rock band which Sathientham co-founded in 2002, as reported by Forbes.
The business magnate is listed as number 26 on the Forbes list of Thailand’s 50 Richest. His £1.2 billion fortune stems largely from the energy drinks company, the other co-founders of which are singer Yuenyong Opakul, who goes by the stage name of Aed Carabao, and business partner Nutchamai Thanombooncharoen, who ranks on the Forbes list at number 38.
The energy drinks billionaire plans to harness 3% of Thailand’s domestic beer market in the first year of operations, the total of which is estimated at 257 billion baht (£5.7 billion).
Earlier this
...More info on site
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Zimbabwe: Delta Beverages delta invests over USD150 mln into expansion in five years
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Delta Beverages has sunk US$70 million into the expansion of three manufacturing plants at its Harare factories, bringing its investment to over US$150 million in five years, the New Zimbabwe reported on July 11.
The country’s biggest beverage producer presented its refurbished Coca-Cola, Traditional Beer, and Lager packaging lines recently, a move company Managing Director Matlhongonolo Valela said would positively impact the Zimbabwean economy.
Valela said a significant amount had also been invested in Delta Beverages’ (African Distillers) AFDIS subsidiary.
“These projects will have significant multiplier effects on the economy meaning if consumer spending responds there is an opportunity for all our value chain partners to increase their output by 30% to supply lager beer, 33% to supply soft drinks and 33% to supply sorghum beer, thus driving our economy to growth,” said Valela.
President Emmerson Mnangagwa, who was Guest-of-Honour at the tour of its facilities commended Delta Beverages for its move to support local farmers.
He urged it to extend the same support to other sectors of Zimbabwe’s agricultural sector.
“It is pleasing to note that Delta Beverages provides farmers with inputs, extension services, and in deserving cases capital expenditure funding with a focus to improve yields, uniformity of varieties, and good agronomics practices,” said
...More info on site
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UK: Carlsberg making its beer weaker ahead of duty increase
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Carlsberg is making its beer weaker to save money as the UK Government prepares to raise taxes on alcohol by more than 10pc, The Telegraph reported on July 11.
The Copenhagen-headquartered brewer is reducing the strength of its Danish Pilsner from 3.8pc alcohol by volume (abv) to 3.4pc abv.
It makes Carlsberg the latest beer brand to weaken its brews to save money in an example of so-called ‘Drinkflation’ – when companies cut the alcohol content of their products but prices rise or stay the same.
Beer is taxed on its strength, so cutting the alcohol content can be an easy way for brands to save money.
It comes as drinks producers brace for an expected 10.1pc rise in the levies on alcohol from August.
Slashing the strength of its beer below 3.5pc will allow Carlsberg to take advantage of a new, lower tax rate for weaker drinks when alcohol duty rates change in August.
Currently, all beers above 2.8pc in strength pay a ‘general’ rate. However under the new system beers 3.4pc or less in strength will have to pay £9.27 per litre of alcohol in the product, compared to £21.01 for beers between 3.5pc and 8.5pc.
A spokesman for
...More info on site
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