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E-Malt.com Newsletter 29b
July 20 - July 23, 2023
Quote of the Week
Give my people plenty of beer, good beer and cheap beer, and you will have no revolution among them.
Queen Victoria
Currency Rates
Base Currency: US Dollar
on July 21, 2023 |
Base Currency: Canadian Dollar
on July 21, 2023 |
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1 USD = 0.8945 EUR
1 USD = 0.7753 GBP
1 USD = 1.3155 CAD
1 USD = 1.4694 AUD
1 USD = 139.7450 JPY
1 USD = 4.7926 BRL
1 USD = 90.7885 RUB
1 USD = 7.1790 CNY
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1 CAD = 0.7601 USD
1 CAD = 0.5893 GBP
1 CAD = 0.6799 EUR
1 CAD = 1.1168 AUD
1 CAD = 106.2170 JPY
1 CAD = 3.6427 BRL
1 CAD = 69.0063 RUB
1 CAD = 5.4566 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Dry weather cutting into barley production prospects
...Click here
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USA, VA: New Realm Brewing Co. breaking ground on new brewery in Suffolk
...Click here
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USA, OH: Hearth Brewing granted permission to open in Harrison
...Click here
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USA, FL: Fat Point Brewing hold soft opening of new Sarasota brewery
...Click here
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USA, WA: Machine House Brewery now open in Hillman City
...Click here
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USA, PA: Euphoria Heights Brewing Company to become Lock Haven’s first modern-day brewery
...Click here
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USA, TX: Neches Brewing Company expanding into former Beaumont brewery
...Click here
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USA, OH: Thunderwing Brewing eyeing fall opening in Columbus
...Click here
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USA, CO: Mockery Brewing to close its doors for good on August 12
...Click here
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USA, MA: Turtle Swamp Brewing closing down production brewery and taproom
...Click here
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USA, ND: Rhombus Guys Brewing Company to cease brewing operations within next few months
...Click here
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South Korea: Oriental Brewery and Hitejinro engaged in a price war amid summer heat wave
...Click here
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India: United Spirits reports more than 22% jump in Q1 profit
...Click here
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France: Government considering initiative to increase taxes on alcohol
...Click here
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World: Wheat prices rise sharply as Russia pulls out of the grain deal
...Click here
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Bulgaria: Bulgarian brewers’ first-half investments amount to EUR18 mln
...Click here
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Russia: Russia hands Danone, Carlsberg assets to nephew of Putin-linked Chechen leader
...Click here
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Denmark & Italy: Royal Unibrew Group acquires Birra Castelo’s production facility in San Giorgio di Nogaro
...Click here
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Graph of the Week
Table of the Week
EU Barley Crop 2018 - 2023f
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
20 July
1837 - Opening of London's first major railway station - at Euston
1868 - 1st use of tax stamps on cigarettes
1903 - The Ford Motor Company ships its first car
1992 - Charles Schwab opens its "mutual fund supermarket," allowing investors to choose from hundreds of different funds without paying transaction fees, as it introduces its OneSource program
21 July
1955 - Ian Donald made his first investigation of the use of ultrasound in medical diagnosis
1969 - Astronaut Neil A. Armstrong was the first man to walk on the Moon
2011 - NASA's Space Shuttle program
22 July
1872 - Mahlon Loomis patents wireless radio
1961 - 1st in-flight movie shown, TWA
23 July
1829 - William Burt patented a forerunner of the typewriter
1886 - Gottlieb Daimler (1834-1900) invented the car
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: AB InBev gets bull rating from Morgan Stanley
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'While the U.S. is obviously a huge market,' AB InBev 'is a truly global, and thus geographically diversified, brewer,' Morgan Stanley analysts said on
...More info on site
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Canada: Dry weather cutting into barley production prospects
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Dry weather across the Canadian Prairies may be cutting into barley production prospects, keeping domestic feed prices underpinned for the time being despite the
...More info on site
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USA, VA: New Realm Brewing Co. breaking ground on new brewery in Suffolk
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New Realm Brewing Co. is breaking ground on a new brewery and restaurant located in the new Blue Point at the Riverfront development in Suffolk, Va. The 6,000 sq-ft facility will include a 5-bbl brewhouse, restaurant, covered rooftop patio, bar, and 8,000 square-foot beer garden that will feature a dog friendly outdoor bar and covered patio. The location is anticipated to be open to the public in the Spring of 2024, the Craft Brewing Business reported on July 20.
Blue Point at The Riverfront is an 18-acre mixed use development by the Miller Group, located in the Harbour View section of the city. The property is located near the Nansemond and James Rivers and the name pays homage to Blue Point Oysters which are commonly found in both rivers.
The Suffolk location will feature the company’s handcrafted lineup of award-winning craft beers, and limited specialty releases created and brewed by New Realm’s Brewmaster Mitch Steele. The on-site scratch kitchen will be serving New Realm classics such as the New Realm Burger, the Instagram-famous Mac & Cheese, as well as locally sourced specialties. Complementing New Realm’s high-quality fare and craft beer will be seasonal live music in the outdoor beer
...More info on site
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USA, OH: Hearth Brewing granted permission to open in Harrison
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A new brewery is coming to Harrison, the Eagle Country Online reported on July 20.
At a meeting last week, the City of Harrison Planning Commission granted a conditional use permit for Hearth Brewing.
Hearth Brewing will be located inside the former Burwinkel Farms location at 1195 Stone Drive.
The ownership team consists of father and son, Greg and Cory Otis, as well as friend Andy Plogsted.
Plans for the brewery include seating for around 200 people with both indoor and outdoor options, as well as a large bar with a view of the brewhouse.
Aside from serving craft beer, Hearth Brewing plans to also serve pizza.
They hope to be open by Memorial Day 2024.
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USA, FL: Fat Point Brewing hold soft opening of new Sarasota brewery
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Fat Point Brewing, a new player in the Bradenton-Sarasota craft beer scene, recently had its soft opening at 257 N. Cattlemen Road, Unit 90, in University Town Center, Yahoo News reported on July 19.
The brewery takes its name from Punta Gorda, which translates from Spanish as “Fat Point,” where the waters of Peace River and Gasparilla Sound meet.
Fat Point was founded in Punta Gorda in 2012, where it introduced brews like Bru Man Chu Belgian Trippel, the Ryeght Angle rye IPA and Oatmeal Stout.
Fat Point staff is still finishing equipment installation at UTC, including for its brewing operation, Justin Poppa, one of Fat Point’s partners, said on July 18.
The brewery will have a full kitchen, but for now is offering a limited menu, including chips and salsa, wings (ghost pepper or Buffalo), coconut shrimp and fries.
Fat Point is in a 2,500-square-foot space and offers inside and outside seating.
“We are appreciative of all the support Benderson Development has given us. It’s exciting to be part of the UTC community,” Poppa said.
Soft opening hours are 11 a.m. to 11 p.m. seven days a week, and Fat Point is working toward a grand opening in a couple of weeks, Poppa said.
Fat Point does
...More info on site
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USA, WA: Machine House Brewery now open in Hillman City
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As of July 19th, Seattle’s Machine House Brewery is now open in the Hillman City neighborhood. The location is familiar to local beer lovers. This was the home of Spinnaker Bay Brewing and then NW Peaks Brewing. The address is 5718 Rainier Ave S, Seattle, WA 98118 the Washington Beer Blog reported.
The company recently moved out of its longtime home in the Georgetown neighborhood. For the past several weeks Bill Arnott and his team have worked hard to get the doors open in Hillman
City.
“After a long month of moving and building we are excited to be back open and pouring our beer for you in our new location in Hillman City,” the company said on Instagram. “We are super excited to be in this neighborhood and we are already feeling right at home!”
“Just like in our old location, we are an all-ages taproom and welcome guests to bring in outside food if you like. We will be bringing back many of our events as we get settled in here.”
Machine House is still working on getting the actual brewhouse up and running, and the outdoor seating area is awaiting some final approval from the city. Otherwise, the new location is open
...More info on site
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USA, PA: Euphoria Heights Brewing Company to become Lock Haven’s first modern-day brewery
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The city of Lock Haven is getting its first modern-day brewery as Euphoria Heights Brewing Company has started working towards opening at 216 East Main Street. The new brewery has an estimated opening time of Summer 2024, Breweries in PA reported on July 18.
Co-owner and brewer Noah Schlesinger recently graduated from Penn College’s Brewing and Fermentation program, and along with his father and uncle purchased the Lock Have Elks building, last November 2022.
“We are currently renovating the building and getting it ready for a taproom on the main floor and brewhouse. We are planning on late spring/early summer 2024. This is all dependent on our licensing and equipment,” he said.
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USA, TX: Neches Brewing Company expanding into former Beaumont brewery
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Neches Brewing Company owner Tyler Blount settled into one of the 1970s Dairy Queen orange booths in the taproom of his Port Neches Avenue brewery to talk about plans for a Beaumont expansion in the former Pour Brothers site, the Beaumont Enterprise reported on July 18.
The Beaumont craft brewery closed the 585 Wall St. location in January 2023, despite a community effort that reopened the doors after it first closed in 2022.
Looking to expand Neches Brewing Company’s brew capacity and distribution, Blount purchased Pour Brothers’ brewing equipment at a foreclosure auction.
“It all happened kind of spontaneously, “ Blount said. “We weren’t planning to do that, because we’d just bought a building across the street (from his current establishment on Port Neches Avenue) in 2020.”
But the ready-made site for larger- scale brewing and distribution opportunities was too good to pass up.
“We’re too small with our current set-up to do that here,” he said. “There, we’ll be able to manufacture more beer and get it into grocery stores and other places, like the Gruene Dance Hall in the Hill Country.
They’ve already got a deal to distribute their “Walt Wilkins” brew at the venue, which is famous for big-name country performers like Wilkins
...More info on site
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USA, OH: Thunderwing Brewing eyeing fall opening in Columbus
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Sideswipe Brewing may be winding down operations in Columbus later this month, but craft beer fans won’t have to wait long for a new brewery to fill the void, the Columbus Underground reported on July 18.
Long-time home brewer Jason Wing will trade his basement for a five-barrel brewhouse, taking over the space at 2419 Scioto Harper Dr. to launch Thunderwing Brewing this fall.
It all started 10 years ago with a turkey fryer and a Cincinnati Pale Ale out of John Palmer’s How To Brew.
“It was ok, but it was cool because I made it,” Wing says.
He kept brewing in his garage, graduating from a turkey fryer to a keggle (keg + beer kettle) before building out a home brewery in his basement about two years ago. Wing’s also been an active member of Columbus’ home brewing club, SODZ. (Scioto Olentangy Darby Zymurgists… aka the science of fermentation.)
Trading a career in IT to pursue his passion, the step to retail brewery has been several years in the making, and not without some careful calculation from Wing.
Wing says every home brewer has the “I could totally do this as my job” moment, and he initially was no different.
“I really tried to learn
...More info on site
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USA, CO: Mockery Brewing to close its doors for good on August 12
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Mockery Brewing, which helped solidify the River North Art District as a brewery-focused neighborhood when it opened in 2014, said on July 17 that it will close its doors, The Denver Post reported.
“We did it! We reached the finish line! After 9 solid years of slinging awesome beers and sharing our little corner of Denver with thousands of amazing people, we have decided to raise our arms in victory and ride off into the sunset,” the brewery, at 3501 Delgany St., posted on Facebook.
“We will be celebrating everything that has been Mockery over the next month and wrapping it all up with a farewell party on Saturday, August 12. Please come out and enjoy one last beer with us and let us toast some of the best friends a brewery could ask for!”
Mockery was founded by Zach and Rachel Rabun when RiNo already had five breweries, but rather than opening in the area that extended along Market and Larimer streets from LoDo, whey picked a spot in the then-nearly empty stretch of Brighton Boulevard.
Their goal at the time was to brew half of their beers in adherence to the 15th century Bavarian beer purity law, Reinheitsgebot, which forbade brewers from
...More info on site
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USA, MA: Turtle Swamp Brewing closing down production brewery and taproom
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According to a note on its website, Turtle Swamp Brewing in Jamaica Plain is closing down both its taproom and its production brewery, with its last day being August 19 or "when the beer runs out," the Boston Restaurant Talk reported.
No reason has been given for its closure, nor is it known what future plans the co-founders might have; as soon as we find out more, we will post an update here.
Turtle Swamp Brewing, which first opened on Washington Street in the spring of 2017, also had a beer garden at the Roslindale Substation from 2018 to 2021.
The address for Turtle Swamp Brewing is 3377 Washington Street, Jamaica Plain, MA.
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USA, ND: Rhombus Guys Brewing Company to cease brewing operations within next few months
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Rhombus Guys Brewing Company has closed its taproom on South Third Street and will cease brewing operations within the next few months, according to its owner, the Grand Forks Herald reported on July 20.
Owner Matt Winjum confirmed the taproom is permanently closed.
The brewery, which opened in 2015 and markets itself as Grand Forks’ first microbrewery, will keep its restaurant on Kittson Avenue open.
Winjum said he decided to close the taproom to spend more time with family, and focus on expanding Rhombus Guys’ pizza menu.
“It’s been an awesome eight years,” he said. “We’ve enjoyed all the memories — all the great staff and customers. We’re looking forward to spending more time with our family, and focusing on the pizza side of things. It just looked like the right time for us.”
Winjum said Rhombus Guys will continue to serve beer at its Kittson Street location until supplies last, but estimates that “we have a month or two left, tops.”
Regarding the now-closed taproom, Winjum said he does not have any immediate plans, but is open to renting the space and equipment to an interested business owner.
“There are so many options and possibilities for that,” he said. “If there’s anybody out there that’s passionate
...More info on site
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South Korea: Oriental Brewery and Hitejinro engaged in a price war amid summer heat wave
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South Korea’s Oriental Brewery (OB) and Hitejinro are engaged in a price war amid the summer heat wave, The Korea Times reported on July 19.
OB started the competition last month by offering discounts over 40 percent to buyers of cases of 24 350-milliliter beer cans ― selling them for 19,900 won ($15.63) in large grocery stores. The sales event began on June 15, and sold out all stocks in just nine days. It resumed the offer again on July 5.
"We have been running promotional events every year to satisfy consumers' various demands. Sometimes we bundle six beer cans and sometimes we bundle eight," an OB official said. "This year, our marketing team has decided to make it 24, which is an unprecedentedly large number."
After seeing OB's marketing event go off successfully, Hitejinro also started a discount promotion for its Terra beer products ― also 24 cans with 350-milliliter volume ― starting on June 26. Terra was sold for 19,800 won, 100 won cheaper than OB's discounted price.
"We started the event to meet with intensifying promotional competition for beer products in summer. Price competitiveness is very important for the domestic beer market in winning the overall market share. Even a 100
...More info on site
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India: United Spirits reports more than 22% jump in Q1 profit
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India's United Spirits, which sells the Smirnoff brand of vodka and the Black Dog brand of whisky, reported a more-than-22% jump in Q1 profit
...More info on site
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France: Government considering initiative to increase taxes on alcohol
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France's minister of economy, Bruno Le Maire, told Le Figaro on July 18 in an interview that the French government is considering an initiative
...More info on site
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World: Wheat prices rise sharply as Russia pulls out of the grain deal
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Wheat prices have risen sharply on global markets after Russia said it would treat ships heading for Ukrainian ports as potential military targets, BBC
...More info on site
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Bulgaria: Bulgarian brewers’ first-half investments amount to EUR18 mln
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Bulgarian brewers invested 35 million levs ($20.1 million/17.9 million euro) in the sector in the first half of this year, the Union of Brewers
...More info on site
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Russia: Russia hands Danone, Carlsberg assets to nephew of Putin-linked Chechen leader
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Russia named the nephew of Chechen leader Ramzan Kadyrov and an ally of President Vladimir Putin to head the seized local assets of France’s Danone SA and Denmark’s Carlsberg A/S, Al Arabiya reported on July 19.
Yakub Zakriev, 32, who’s Chechnya’s agriculture minister, is now listed as general director of Danone Russia, according to the official Spark-Interfax disclosure service. He’s a nephew of Kadyrov, the Chechen ruler who’s a protege of Putin and has been repeatedly accused of human rights violations in the southern Russian republic.
The Federal Property Management Agency also appointed Taimuraz Bolloyev to lead Carlsberg’s Baltika Brewing Co., according to a spokesman for the Russian company. Russia’s RBC and Vedomosti newspapers reported the appointments earlier.
The change to the management of Baltika Breweries has “been made without the knowledge or approval by Carlsberg Group,” the company said in an emailed statement on Wednesday. “It is unclear to Carlsberg Group what implications this development will have on the ongoing operations of Baltika Breweries in Russia as well as the current sales process.”
The yogurt maker and the brewer had both been trying to leave Russia. Russia on Sunday seized control of the local subsidiaries of Danone and Carlsberg under a decree Putin
...More info on site
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Denmark & Italy: Royal Unibrew Group acquires Birra Castelo’s production facility in San Giorgio di Nogaro
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The Royal Unibrew Group, a multi-beverage company, announced on July 21 the signing of the agreement for the acquisition of the San Giorgio di Nogaro plant in the province of Udine, from Birra Castello. This strategic operation "contributes to the growth of Royal Unibrew in Italy, allows the company to further expand its activities in international markets and to increase the production capacity of the Group," EFA News reported citing a company press release.
The acquisition of the facility, with an estimated potential production capacity of up to 1 million hectolitres of beer per year, "will significantly enhance Royal Unibrew's production and packaging capacity for cans and glass bottles in Italy,” the company said.
“Equipped with two filling lines, this facility will allow the group to strengthen its presence in Italy, enabling the company to meet the growing demand for its products both locally and internationally.”
The investment in an additional production plant in Italy comes on top of Royal Unibrew's earlier acquisition of Terme di Crodo in 2018. The Terme di Crodo plant, acquired by Campari Group, produces Royal Unibrew's local soft drinks: Lemonsoda, Oransoda and Lemonsoda Energy Activator.
“We are pleased to announce the acquisition of a production plant from
...More info on site
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