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E-Malt.com Newsletter 30a
July 24 - July 26, 2023
Quote of the Week
You were born to win, but to be a winner, you must plan to win, prepare to win, and expect to win.
Zig Ziglar
Currency Rates
Base Currency: US Dollar
on July 26, 2023 |
Base Currency: Canadian Dollar
on July 26, 2023 |
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1 USD = 0.9049 EUR
1 USD = 0.7754 GBP
1 USD = 1.3173 CAD
1 USD = 1.4730 AUD
1 USD = 141.2300 JPY
1 USD = 4.7489 BRL
1 USD = 90.1650 RUB
1 USD = 7.1354 CNY
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1 CAD = 0.7590 USD
1 CAD = 0.5880 GBP
1 CAD = 0.6862 EUR
1 CAD = 1.1207 AUD
1 CAD = 107.1990 JPY
1 CAD = 3.5940 BRL
1 CAD = 68.4999 RUB
1 CAD = 5.4107 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: 2022-23 barley supply up sharply from last year’s record low
...Click here
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USA, CA: Anchor Brewing Co. open to workers’ bid to rescue company from liquidation
...Click here
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USA: Bud Light falls to the fourth place in popularity at restaurants and bars
...Click here
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USA, KY: Dreaming Creek Brewery to open its second production facility
...Click here
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USA, ME: Black Bear Brewery to close downtown Bangor location
...Click here
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USA, AL: Huntsville’s Fractal Brewing Project, Salty Nut Brewing to close down
...Click here
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USA, TX: Black Page Brewing Co. closing its doors after just 10 months of service
...Click here
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World: Beer market developed in 2022 better than forecast
...Click here
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World: India forecast to stand out as key markets for alcohol brands in foreseeable future
...Click here
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World: Hop acreage declines in 2022 for the first time since 2014
...Click here
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Singapore & Myanmar: Singapore-listed Fraser and Neave to invest $14 mln in another brewery in Myanmar
...Click here
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Germany: Winter barley harvest approaching its end with crop size larger than expected
...Click here
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South Korea: Hitejinro hops on new beer trend as sales of Kelly overflow
...Click here
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UK: Single malt Welsh whisky gets registered under the UK Geographical Indication scheme
...Click here
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Australia: Coopers Brewery says its shelf and floor space increasingly cut back by liquor retailing giants
...Click here
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Argentina: Argentina’s government introduces dollar corn exchange campaign
...Click here
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Graph of the Week
Table of the Week
USA Hop Acreage 2020-2023s
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
24 July
1847 - Richard M. Hoe patented the rotary type printing press, NYC
1938 - Instant coffee invented
1987 - IBM-PC DOS Version 3.3 (updated) released
25 July
1946 - 1st bikini is shown at a Paris fashion show
1978 - The world's first test-tube baby, Louise Joy Brown, was born in Lancashire, England
1984 - Cosmonaut Svetlana Savitskaya became 1st woman to walk in space
26 July
1656 - Rembrandt declares he is insolvent
1835 - 1st sugar cane plantation started in Hawaii
1908 - FBI founded
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)
11 - 15: Mondial de la Biere Rio 2023 (Rio de Janeiro, Brazil)
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: 2022-23 barley supply up sharply from last year’s record low
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For 2022-23, Canadian barley supply is around 10.6 million tonnes (Mt), up sharply from last year’s record low of 7.92 Mt, supporting demand from
...More info on site
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USA, CA: Anchor Brewing Co. open to workers’ bid to rescue company from liquidation
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San Francisco's Anchor Brewing Co. may not be dead quite yet, the Morningstar reported on July 24.
More than a week after announcing plans to liquidate, Anchor said on July 22 that it would be open to a last-minute bid by a group of union workers to buy the 127-year-old craft brewery.
"Given our deep respect for the Anchor Union and our team members, should our employees put forward a bona-fide, legally binding offer to buy the company, one that includes a verifiable source of funds, we would gladly consider it," Anchor spokesperson Sam Singer said in a statement on July 22. He added, however, that time was running out.
Last week, a group of Anchor employees informed Anchor it wanted to make a bid.
"We are not asking for a handout or charity," union official Pedro de Sá wrote, according to a report by VinePair. "All we want is a fair shot at being able to continue to do our jobs, make the beer we love, and keep this historic institution open. We do not want the brewery and brand we love to be sold off before we even had a chance."
Singer said on July 21 that about two dozen investors, including the
...More info on site
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USA: Bud Light falls to the fourth place in popularity at restaurants and bars
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Bud Light fell from the first place to the fourth place behind Miller Lite, Michelob Ultra, and Coors Light on the list of most popular beer brands in restaurants and bars, according to a study, NY Post reported on July 24.
The report by hospitality data firm Union found that sales of Bud Light, whose partnership with transgender influencer Dylan Mulvaney sparked a nationwide boycott, fell by 34% at high-volume bars and restaurants in the second quarter.
In contrast, Miller Lite, which is property of the Molson Coors conglomerate, was catapulted to the top spot, seeing a 20.7% increase in sales during the three months that ended on June 30, according to data from Union.
Michelob Ultra, which like Bud Light is a product of Anheuser-Busch InBev, took second place, seeing a 3.6% uptick in sales.
Coors Light, which is also part of the Molson Coors family of beers, came in third place. Its sales leaped by 19.4% in the second quarter, according to Union.
Other beers are threatening to leapfrog Bud Light, including Irish lager Guinness and the Mexican upstart Modelo Especial.
The latest sales figures at retail outlets show that Modelo and Yuengling have been taking up Bud Light’s market share.
Sales of Bud Light
...More info on site
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USA, KY: Dreaming Creek Brewery to open its second production facility
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A microbrewery in Richmond is growing its business, after voters approved looser alcohol sale laws in Madison County, Spectrum News reported on July 24.
Dreaming Creek Brewery will open a second location 30 minutes down the road in Berea, mainly for production.
A majority of voters (67%) approved a referendum in May to go “wet” which loosened alcohol sale restrictions in communities like Berea. Soon Madison County will see additional tax revenue from alcohol sales and hopes it attracts businesses to open up shop.
Patrick Fannin, head brew master at Dreaming Creek Brewery in Richmond, said they’ve needed more space for a while.
“Right now, our tanks are as high as they’re going to go. The ceilings are as high as they are, so we really need some bigger tanks so we can put beer into cans and get it on shelves in a more efficient manner,” Fannin said.
Dreaming Creek opened its doors in April 2018. Fannin has been there since Aug. 2018. Now, with growing popularity, the brewery will open a second location.
“Having a second taproom is instant sales and engagement with our customers,” Fannin said.
Recently, the brewery owners closed on a building in Berea at 207 N. Broadway. Fannin said it’s a
...More info on site
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USA, ME: Black Bear Brewery to close downtown Bangor location
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In a heartfelt announcement on its Facebook page, Black Bear Brewery has revealed that it will be bidding farewell to its downtown Bangor location. The brewery expressed its reasons behind this decision, emphasizing the need to restore personal balance and focus on its beloved Orono brewery and taproom, Q106.5 reported on July 25.
The independently owned and operated Black Bear Brewery has been a fixture of the city's vibrant bar scene since its opening in 2018. Its cozy taproom, nestled downtown, won the hearts of locals and visitors alike, quickly making it a staple for Bangor bar-hoppers. Throughout its five years of operation, the Bangor location has created a welcoming space for patrons.
In their Facebook post, the Black Bear Brewery team extended their gratitude to the wonderful people of Bangor who have shown unwavering support over the years. Their loyal customers have made every moment memorable, filling the taproom with laughter and camaraderie.
While it is undoubtedly a bittersweet moment for all, there's still an opportunity to raise a glass one last time at the Bangor location. From Wednesday to Friday, the doors will remain open from 3 pm to 9 pm. Although the kitchen will be closed, folks are warmly welcome
...More info on site
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USA, AL: Huntsville’s Fractal Brewing Project, Salty Nut Brewing to close down
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In late May, when AL.com asked a local retailer to pick a six-pack of Huntsville craft beers for beer drinkers who don’t like craft beer, a third of his selections were from Fractal Brewing Project. “They have some of the best beers I’ve had out of this town,” Liquor Express and Craft Beer staffer Michael Payne said, AL.com reported on July 23.
Sadly, just two months later Fractal will close permanently. The business announced the closure on July 23 via Facebook. “After a lot of thought we have decided to close Fractal Brewing Project effective July 31, 2023,” the post opened. “The project that started almost four years ago has been a wild ride. We had some great parties, provided space for the community to gather, raised money for mental health services, and made some really good beer.”
The post also addressed reasons for the closure: “The direct impact of COVID, the lingering supply chain issues, and the changes in the beer industry have all made it impossible to continue.”
According to an August 2021 Gallup Poll regarding drinking habits in the U.S., only 60 percent of respondents age 18 to 34 said they drank alcohol, compared to 70 percent of people 35
...More info on site
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USA, TX: Black Page Brewing Co. closing its doors after just 10 months of service
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Black Page Brewing Co. in Houston's Near Northside neighborhood is closing its doors after 10 months of service, the Houston Chronicle reported on July 25.
Patrons who've savored the brew pub's specialty German style lagers and American style ales from a beer garden right beside Little White Oak Bayou are out of luck after July 30, when the business closes for good, according to a company Facebook post.
"We'd like to thank so many people who have supported us during this amazing but often difficult 10 months, most especially our staff, loyal customers, investors, food venders and musicians," the post said. "We are incredibly proud of the beer that we've made and the environment that we've created."
A picture of a letter tapped to a locked gate posted on Houston's subreddit by user ToMissTheMarc2 suggests Black Page Brewing Co. was evicted for failing to pay almost $30,000 in rent and property taxes.
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World: Beer market developed in 2022 better than forecast
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The international beer market developed better than forecast in 2022. Despite the economic crisis being felt around the world, output rose by 1.3 percent
...More info on site
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World: India forecast to stand out as key markets for alcohol brands in foreseeable future
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With its immense population, surging incomes, and expanding global outlook, India is rapidly becoming a hotspot of opportunity for beverage alcohol brands in the
...More info on site
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World: Hop acreage declines in 2022 for the first time since 2014
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After eight years of continuous expansion, hop acreage declined in crop year 2022 for the first time since 2014. The decline was very minor,
...More info on site
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Singapore & Myanmar: Singapore-listed Fraser and Neave to invest $14 mln in another brewery in Myanmar
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Singapore-listed Fraser and Neave Limited (F&N) plans to invest 19.2 million Singaporean dollars (US$ 14 million) in Myanmar to build a new brewery through a joint venture with local beverage conglomerate Win Brothers, according to a statement from F&N, The Irrawaddy reported on July 26.
The brewery will be built on 35 acres of land with a lease term of 50 years, a statement from the company controlled by Thai billionaire Charoen Sirivadhanabhakdi said. The location of the site and the name of the beer that will be brewed was not mentioned.
F&N said it had paid S$ 1.3 million to acquire its brewing license, but the process of acquiring the land had yet to be completed.
“Completion of the Land Acquisition is subject to fulfilment of conditions under the Acquisition Agreement, including the obtainment of relevant regulatory approvals, conversion of the relevant land into industrial land and entry into long-term leases in respect of the relevant land. Accordingly, there is no certainty or assurance that the Land Acquisition will materialise,” it said.
F&N established a joint venture, Sapphire Brewery Myanmar Limited (SBML), with Win Brothers in March. F&N holds an 80 percent stake in SBML and Win Brothers, which is owned by
...More info on site
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Germany: Winter barley harvest approaching its end with crop size larger than expected
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Germany’s winter barley harvest is approaching its end in favourable mainly dry weather with the crop size larger than expected, the association of German farmers DBV said.
The crop of winter barley, generally used for animal feed, will increase to about 9.5 million metric tons from 8.7 million metric tons last year after expanded plantings and higher yields, the DBV said.
This was up on the association’s previous forecast of 9.03 million metric tons on July 4.
Winter barley did not suffer as much as feared from dryness in spring and early summer and yields were larger than expected, the association said.
Harvest yields rose to an average 7.4 metric ton per hectare from 7.1 metric tons last year. Winter barley harvest quality is generally good, it added.
Harvesting of Germany’s wheat and rapeseed has hardly started, it said, with these two crops believed to have suffered more from the dry spring weather.
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South Korea: Hitejinro hops on new beer trend as sales of Kelly overflow
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Under the scorching summer sun of July 19 as temperatures inside the car reach 38 degrees Celsius (100 degrees Fahrenheit), the Gangwon brewery of Korean liquor company Hitejinro is alive with the sound of clanging beer bottles gliding on conveyor belts, ready to provide some much-needed refreshment, the Korea JoongAng Daily reported on July 25.
After a two-hour car journey from Seoul, visitors can witness the entire brewing process unfolding before their eyes — from the washing and filling of bottles to the final labeling and packaging. Hitejinro's Gangwon Brewery stands as Korea's largest beer factory with an annual production capacity of 500,000 kiloliters (132 million gallons).
On one side of the brewery, the production focuses on Hitejinro's prized Terra brand, which is encased in green bottles.
In tandem, on the other side emerges Kelly, housed in unique amber-colored bottles. Hitejinro wishes to reclaim its throne in the domestic beer industry with Kelly as the company approaches its landmark 100th anniversary in 2024.
Kelly made its debut in April, four years after the release of Terra in March 2019. According to data compiled by large retail stores like Emart and Lotte Mart, the new beer
...More info on site
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UK: Single malt Welsh whisky gets registered under the UK Geographical Indication scheme
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Single malt Welsh whisky has been successfully registered under the UK Geographical Indication (UK GI) scheme on July 24, which protects its name, authenticity and characteristics, The Spirits Business reported.
Food and farming secretary Thérèse Coffey announced the move, which gives single malt Welsh whisky the same status as other Welsh fare.
It is the first new UK spirit drink application to be registered and protected under new scheme, which was established in 2021 following the UK’s withdrawal from the EU. It ensures that certain food and drink products can continue to receive legal protection against imitation and misuse.
Single malt Welsh whisky joins other classic British products receiving protection, such as Scotch whisky.
“Single malt Welsh whisky is widely acclaimed for its lightness of character and I am pleased to announce it will be the first protected spirit under our UKGI scheme,” said Coffey.
“It shows how the UK government is ready to get behind the best of British food and drink from across the nation – to boost sales at home and abroad, create jobs and grow our economy.
“I look forward to meeting some of the distillers at the Royal Welsh Show and celebrating this unique product’s wonderful history.”
Single malt Welsh whisky is
...More info on site
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Australia: Coopers Brewery says its shelf and floor space increasingly cut back by liquor retailing giants
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The managing director of Australia’s third largest beer group, Coopers Brewery, says his company is having its shelf and floor space for packaged beer increasingly cut back by liquor retailing giants Endeavour Group and Coles, AFR reported on July 25.
Tim Cooper accused the big two retail players of favouring the two large beer companies in Australia, Lion and Asahi Group, which acquired Carlton & United Breweries for $16 billion in 2020, giving it ownership of beer brands Victoria Bitter, Carlton Draught and Crown Lager.
Dr Cooper also said private label beer brands owned by Endeavour and Coles were getting preferential treatment on the shelves of liquor stores they own.
Dr Cooper said the situation had worsened with hotel acquisitions by Endeavour Group, as previously independent bottle shops were converted to the BWS brand operated by Endeavour.
He said Endeavour had bought four pubs in South Australia in the past year and had converted the bottle shops to BWS. Coopers shelf space had dropped by 50 per cent at those outlets, he said.
Endeavour operates 264 Dan Murphy’s outlets and 1437 BWS stores in its retail division and it also runs 353 pubs. Dr Cooper said Coopers Brewery’s market share of packaged beer sales in
...More info on site
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Argentina: Argentina’s government introduces dollar corn exchange campaign
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The government of Argentina has included corn in the Export Increase Program that contemplates a differential dollar rate to boost the country's foreign exchange reserves until Aug. 31, a release from the Ministry of Agriculture announced July 25, S&P Global reported.
According to resolution 295/2023 published in the Official Gazette, the Argentine Ministry of Agriculture incorporated corn and malting barley into the Export Increase Program, which defined an increase in the differential exchange rate to Argentinian Peso 340/$1 for regional economies. The increase in the official exchange rate for corn exports is estimated to strengthen the reserves of the central bank.
The unofficial dollar exchange rate in market is rumored to be around Peso 536-Peso 541 to $1 against the official value at Peso 270-Peso 283 to $1.
Argentina's government expects to raise $2 billion with the new corn dollar. Grain corn, flint, popcorn and malting barley are to be incorporated into the program, having not been present in previous versions of the program. The payment of export duties must be carried out until Nov. 30 in accordance with the relevant regulation.
The resolution highlighted that "it is necessary to continue the implementation of policies that tend to strengthen the reserves of the Central
...More info on site
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