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E-Malt.com Newsletter 31a
July 31 - August 02, 2023
Quote of the Week
Opportunities don't happen. You create them.
Chris Grosser
Currency Rates
Base Currency: US Dollar
on August 02, 2023 |
Base Currency: Canadian Dollar
on August 02, 2023 |
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1 USD = 0.9105 EUR
1 USD = 0.7815 GBP
1 USD = 1.3257 CAD
1 USD = 1.5057 AUD
1 USD = 142.9540 JPY
1 USD = 4.7537 BRL
1 USD = 91.9407 RUB
1 USD = 7.1606 CNY
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1 CAD = 0.7542 USD
1 CAD = 0.5894 GBP
1 CAD = 0.6867 EUR
1 CAD = 1.1356 AUD
1 CAD = 107.8150 JPY
1 CAD = 3.5852 BRL
1 CAD = 69.3408 RUB
1 CAD = 5.4005 CNY
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Currency Rates Chart
Equities of the Largest Breweries
World: Molson Coors’ annual sales and profit forecast boosted by strong demand for its core brands
...Click here
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USA, MO: 9 Foot Brewing hoping to launch in Blue Springs soon
...Click here
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USA, OH: March First Brewing and Distilling to open new Cincinnati location next week
...Click here
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USA, NM: Boese Brothers Brewing to bring a new location to Rio Rancho
...Click here
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USA, MN: Ursa Minor Brewing hosts soft opening of expanding operations
...Click here
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USA, CA: Enterprise Brewing Co. being resurrected in San Francisco
...Click here
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USA, NY: Mortalis Brewing Company preparing to open new brewery in Buffalo
...Click here
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USA, ID: Powderhaus Brewing Co. up for sale in Boise
...Click here
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USA, PA: Töska Restaurant & Brewery now open in Philadelphia
...Click here
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World: Heineken cuts profit growth forecast as beer consumption drops
...Click here
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World: Diageo’s annual net profit up 15% as higher prices offset falling sales
...Click here
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Germany: Beer sales resume long-term downward trend in January-June this year
...Click here
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World: Heineken becomes world’s most profitable beer brand
...Click here
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World: World barley crop forecast declines further to 138.7 mln tonnes
...Click here
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EU & UK: Barley crop forecast reduced as analysts worry about now wet weather hindering harvest progress
...Click here
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EU: Spring barley production forecast to decline this season
...Click here
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EU: EU grain production outlook bearing impact of tough summer
...Click here
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Australia & China: Deadline looms for China’s decision on Australia barley imports
...Click here
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World: Heineken CEO says brands must 'be balanced' and 'stand up for your values'
...Click here
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Russia: Russia’s wheat harvest forecast raised, barley reduced
...Click here
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UK: Beer drinkers prioritising value for money through premium options – Heineken Beer Report
...Click here
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Nigeria: International Breweries posts N113.1 bln loss in over 5 years
...Click here
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Sri Lanka: Agriculture Minister orders suspension of use of rice in beer and animal feed production
...Click here
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Graph of the Week
Table of the Week
The 40 Largest Breweries Worldwide 2019 - 2022
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
31 July
1790 - 1st US patent granted, to Samuel Hopkins for a potash process
1809 - 1st practical US railroad track (wooden, for horse-drawn cars), Philadelphia
1925 - Unemployment Insurance Act passed in England
01 August
1930 - Clarence Birdseye is awarded a U.S. patent for the invention of packaged frozen food
1950 - Steve Wozniak, future co-inventor of the Apple computer, is born
1981 - Pres. Ronald Reagan signs into law the Economic Recovery Tax Act of 1981, the biggest tax cut in American history, which streamlines the Federal income tax brackets, lowers the top rate to 36%, and creates the universally-deductible Individual Retirement Account
02 August
1858 - 1st street mailboxes-Boston, Mass
1890 - The BOVESPA (Bolsa de Valores de Sao Paulo, or Sao Paulo Stock Exchange), Brazil's central securities market, is founded
1984 - Euro Court condemns phone-tapping
2000 - The New York Stock Exchange begins trading in decimals, ending the two-century-old practice of pricing stocks in increments of 1/8th of a dollar
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)
08 - 09: Stockholm Beer & Whisky Festival 2023 (Stockholm, Sweden)
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:
13 - 15: 108 International Brewing & Engineering Congress 2024 (Groningen, the Netherlands)
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)
24 - 26: Mondial de la Biere 2024 (Montreal, Canada)
26 - 30: The Brewers of Europe Forum 2024 (Lille, France)
News Articles
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World: Molson Coors’ annual sales and profit forecast boosted by strong demand for its core brands
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Molson Coors Beverage on August 1 raised its annual sales and profit forecasts, boosted by strong demand for its core brands Miller Lite and
...More info on site
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USA, MO: 9 Foot Brewing hoping to launch in Blue Springs soon
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Richard and Teri Cartwright are no strangers to the craft beer scene. The homebrew club they belong to, the Kansas City Bier Meisters, recently won the title of Homebrew Club of the Year from the American Homebrewers Association for the second consecutive year.
Now, Richard and Teri are going pro, Flatland KC reported on July 31.
In a recent Facebook post, the Cartwrights announced plans to open 9 Foot Brewing in Wind Shift Brewing’s former space in Blue Springs as soon as they get state and local approvals. In the meantime, they’ll keep homebrewing so they’re ready for the day they can open.
In addition to homebrewing, the Cartwrights are no strangers to the local beer community. Teri is the instructor for Crane Brewing’s Sip & Stretch yoga events. Richard has helped out at Wind Shift doing everything from hop harvests to canning and collaborating with them on his smoked porter. He’s also collaborated with Crane Brewing on a rainbow sherbet Berliner Weisse. They have also poured at multiple KC Nanobrew Festivals throughout the years.
While folks in Blue Springs are mourning the loss of Wind Shift, they shouldn’t have to wait too long for 9 Foot Brewing to open.
Good luck to the
...More info on site
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USA, OH: March First Brewing and Distilling to open new Cincinnati location next week
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March First Brewing and Distilling's new Fountain Square location opens next week, the Cincinnati Enquirer reported on August 1.
The brewery, cidery and distillery is taking over the former Rock Bottom Brewing space, located at 10 Fountain Square Plaza. The grand opening kicks off at 11 a.m. Aug. 10, according to March First's Facebook post.
March First Cincinnati will operate as a bar, restaurant and taproom and marks the company's second location, with its other residing in Sycamore Township.
According to its website, the Downtown location will feature 36 taps for craft beer and seltzers, as well as cocktails by Cincinnati Distilling. Customers can find all of March First's craft brands, including Woodburn Brewing, FigLeaf Brewing and Astra Hard Seltzers.
The brewery signed a lease for the space with building owner Fifth Third Bancorp last August.
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USA, NM: Boese Brothers Brewing to bring a new location to Rio Rancho
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A New Mexico-based Boese Brothers Brewing will bring a new location to the Las Fuentes neighborhood of Rio Rancho after the site plan was approved at the Rio Rancho Governing Body meeting on July 27, the Rio Rancho Observer reported.
The brewery, taproom and restaurant will begin construction at 808 Pinehurst Road. This will be the sixth owned by the company, which has locations in Albuquerque, Santa Fe and Los Alamos.
The company is owned by brothers Sam and George Boese, who opened the first location in downtown Albuquerque in 2015.
“We’re very excited about the opportunity,” George Boese said.
Mayor Greggory Hull ultimately backed the project but expressed concerns about the building’s location. It is located next to a lift station for wastewater, which Hull said occasionally results in a the city receiving calls regarding a foul odor in the area.
He clarified that because the lift station is high quality, the complaints are an infrequent occurrence that are usually only prevalent when the weather is hot.
“This one is state of the art, but I just want to make sure that you guys know what’s there,” Hull said.
Jim Strozier, principal at Consensus Planning, Inc., said that the company is aware of this and ultimately
...More info on site
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USA, MN: Ursa Minor Brewing hosts soft opening of expanding operations
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Ursa Minor Brewing has more room to serve customers as they have expanded their space, Fox21 Online reported on July 29.
The brewery outgrew their original taproom and got a new facility to keep most of their production at. Now the taproom has 2 bars, lots of indoor seating, and they are even working on a mud kitchen outside for kids.
A fun fact about the new bar is that it was built from a tree that was struck by lightning on Island Lake. The founder of the brewery is very excited to share the expanded space with the community.
” We brew beer to bring people together, to share their stories, to talk, to enjoy each other. And that’s why we do what we do. So, it feels amazing,” said Ben Hugus, founder of Ursa Minor Brewing.
The soft opening for Ursa Minor’s expansion aligned perfectly with All Pints North, a craft beer festival taking place Saturday at Bayfront Festival Park.
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USA, CA: Enterprise Brewing Co. being resurrected in San Francisco
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With San Francisco still reeling from the news earlier this summer that Anchor Brewing Company was shutting off its taps, local beer drinkers may take comfort in the resurrection of a local brew that’s been defunct since Prohibition, The San Francisco Standard reported on August 1.
Veteran beermakers Cameron McDonald and Jesse Hayter are opening Enterprise Brewing Co. at 1150 Howard St. in the space formerly occupied by Cellarmaker Brewery’s taphouse.
McDonald’s credentials include stints at Bay Area brew houses Seven Stills and Standard Deviant, while Hayter worked at the Presidio-based Fort Point Beer Company, where the pair met.
The new brewery’s Saturday, August 5 opening will be followed by weekly parties on every Saturday in August.
The original Enterprise Brewing Co. opened in 1873 in a Mission alleyway about eight blocks away from its current location. It survived the devastating 1906 earthquake before the 18th Amendment forbidding the consumption and sale of alcohol shut it down in 1920.
McDonald, a Palo Alto native whose father and grandfather were born in San Francisco, hopes to help revive San Francisco’s identity as a beer-making city and honor SoMa’s industrial heritage by opening a friendly neighborhood watering hole with “approachable beers” that functions
...More info on site
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USA, NY: Mortalis Brewing Company preparing to open new brewery in Buffalo
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According to their Facebook page, Mortalis Brewing Company is preparing to open their new brewery location in Buffalo later this summer. They will open at 1250 Niagara Street in Buffalo, WYRK reported on August 1.
They are currently hiring for the new location, which will hopefully open in the next several weeks.
Mortalis' Rochester area location is in Avon, NY. It's near Consensus and Honeoye Lakes. It's about 10 minutes south of Henrietta, NY, just south of Rochester.
Mortalis specializes in fruited sours and creative creations for their craft beer.
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USA, ID: Powderhaus Brewing Co. up for sale in Boise
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A popular Boise brewery is up for sale, the Idaho Business Review reported on August 1.
The brokerage team of Adam Bledsoe and Chris Pearson with TOK Commercial has been selected by the owners of Powderhaus Brewing Co. to bring the business to market, offering the local brewery for sale, according to a news release.
Listing price is $3.5 million.
Owners Mark and Lisa Schmidt established Powderhaus Brewing Co., 9719 W. Chinden Blvd., as a prominent player in the craft beer industry over its nearly eight years of operation and garnered a dedicated customer base, earning their loyalty for a distinctive range of premium, Alpine-inspired craft beers, the release stated.
Mark and Lisa Schmidt launched the business in 2015 after commissioning a custom 8,000-square-foot production facility and Tap Haus in Garden City. Through the years, the Powderhaus Brewing Co. built a strong reputation for creating quality craft beer while being “Fiercely Independent and Idaho Proud” in all its endeavors, the release stated.
Best known for its unique beers and trademark “big events” Powderhaus is ready to be taken to the next level while the Schmidts have decided to embark on new adventures, opening the doors for entrepreneurs and investors to step in and carry forward
...More info on site
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USA, PA: Töska Restaurant & Brewery now open in Philadelphia
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Töska Restaurant & Brewery, located at 7136 Germantown Ave, Philadelphia is now open with an Albanian-American inspired menu featuring wood-fired pizza and house-made beers, Breweries in PA reported on August 1.
Töska is the latest concept from the team behind M2O Burgers, and the first of its kind in the area. Owners and brothers Jim, Leo, and Pep Osmanollaj’s family came to the United States in 2000 following the Kosovo War of 1999, and discovered that there are no restaurants in the Philadelphia area that include their Albanian culture, something they wanted to change.
“We want this to be a culture experience,” said the Osmanollaj brothers. “We took inspiration from Albania and where we grew up and incorporated it into everything here, from the artwork on the walls to the lighting and the name Töska itself, which is an Albanian dialect.”
The menu offers a variety of shareables, wood-fired pizza, burgers, BBQ, kids and vegetarian options, and much more. More details can be seen on the full menu in the restaurant and online.
For the brewery aspect, the team has brought in Brendan Breslin, who has eight years of brewery experience under his belt, and most recently worked with Stickman Brews in Royersford, PA.
...More info on site
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World: Heineken cuts profit growth forecast as beer consumption drops
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Heineken, the world's second-largest brewer, cut its 2023 profit growth forecast on July 31 after an economic slowdown in Vietnam and price hikes squeezed
...More info on site
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World: Diageo’s annual net profit up 15% as higher prices offset falling sales
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Alcoholic drinks giant Diageo, maker of Guinness stout, Smirnoff vodka and Johnnie Walker whisky, said on August 1 that its annual net profit increased
...More info on site
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Germany: Beer sales resume long-term downward trend in January-June this year
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Sales by German beer brewers and distributors resumed a long-term downward trend in the first six months of this year after picking up a
...More info on site
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World: Heineken becomes world’s most profitable beer brand
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Heineken has become the world’s most profitable beer brand, surpassing last year’s winner, Corona Extra.
Valued at $7.6-billion in the latest Brand Finance report, Heineken
...More info on site
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World: World barley crop forecast declines further to 138.7 mln tonnes
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The supply side of the world’s barley balance sheet continues to dominate the current supply chain news, as production declines further, RMI Analytics said
...More info on site
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EU & UK: Barley crop forecast reduced as analysts worry about now wet weather hindering harvest progress
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After 8 weeks of heat and drought conditions, Europe’s weather has turned wet as harvest advances or will soon across many northern regions, RMI
...More info on site
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EU: Spring barley production forecast to decline this season
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Spring barley production has been forecast to decline this season, according to the latest European MARS Bulletin, which monitors crops in Europe, the Irish
...More info on site
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Slovakia: Beer production slightly up in 2022
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Beer production in Slovakia went up slightly last year, with breweries almost reaching outputs seen in the pre-pandemic year of 2019, Slovak Association of
...More info on site
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EU: EU grain production outlook bearing impact of tough summer
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The gloss has been wiped off 2023-24 European Union crop production over the past month after much drier than average growing conditions depleted soil-moisture
...More info on site
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Australia & China: Deadline looms for China’s decision on Australia barley imports
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The federal government expects Chinese tariffs on Australian barley exports to be lifted soon, but there is no word yet from Chinese authorities, ABC
...More info on site
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World: Heineken CEO says brands must 'be balanced' and 'stand up for your values'
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Heineken CEO Dolf van den Brink discussed on July 31 what he thinks brands should do in terms of marketing after Bud Light received
...More info on site
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Russia: Russia’s wheat harvest forecast raised, barley reduced
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Russia's Sovecon agriculture consultancy has raised its wheat harvest forecast for 2023 to 87.1 million metric tons from 86.8 million, it said on July
...More info on site
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UK: Beer drinkers prioritising value for money through premium options – Heineken Beer Report
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Consumers are prioritising value for money through premium options and quality experiences despite financial challenges, according to the Heineken Beer Report 2023.
Beer drinkers are looking to treat themselves when going out, according to the brewer’s second annual report. Many consumers are doing so through trade-up options, with world lager growing value share to 27% during 2022 (up from 22.7% in 2021).
The report revealed 18 to 34-year-olds in particular to be driving this trend, being less likely to go without a premium beer than any other age group.
Heineken UK on-trade director Will Rice said: “In its second year, Heineken UK's Beer Report continues to unveil profit-driving trends and data for operators.
“In the midst of a cost-of-living crisis, more than ever we’re seeing a greater emphasis on ‘smart spending’ to maximise the return from disposable income.”
What’s more, beer drinkers are also opting for ‘accessible premiumisation’. This means they’re seeking beers that they perceive to be higher quality, but not necessarily trading all the way up to world lager.
Instead, they may move from classic beer brands to the premium or premium 4% category.
These ‘accessible premium’ brands often tap into trends and boast premium quality cues, such as taste credentials or authentic heritage, but
...More info on site
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Nigeria: International Breweries posts N113.1 bln loss in over 5 years
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International Breweries Plc has failed to harness the vast opportunities in the brewery market and has serially declared loss in the last five years and six months, The Whistler NG reported on July 31.
The brewer has lost a cumulative of N113.1bn from 2018 to June 2023, analysis by The Whistler has revealed.
Based on its financial accounts for December 20217–June 2023, the last time the company declared profit was in December 2017 when they raked in N874.6 million from a revenue of N36.5bn.
IntBrew’s flagship products are Hero, Trophy, Budweiser, Beta Malt, and Grand.
The brewery company was founded in 1971 by Lawrence Omole with an installed capacity of 200,000 hectolitres per annum when it started production of Trophy Larger in seven years later.
Listed on the Nigerian Stock Exchange in 1995, the company expanded its capacity to 500,000 hectolitres annually.
IntBrew merged with SABMiller Plc in 2012 and entered an alliance with the Castel group. It further merged with Intafact Beverages Limited and Pabod Breweries Limited.
IntBrew was a profit-making venture prior to its downturn. In 2015 it made N1.94bn; 2014 N2.1bn. It made N2.32bn in 2013.
However, the company has seen a twist of fortune becoming a serial loser. In 2018, the company declared a
...More info on site
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Vietnam: Vietnam considering luxury tax on alcohol
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In late June, Vietnam’s Ministry of Finance (MOF) submitted to the government a proposal on amending the luxury tax law, VietNamNet reported on July 30.
Several days later, a workshop on collecting opinions about the proposal was held, drawing public interest. While many enterprises and experts applaud the amendment, others have raised questions about the time of application and the new tax calculation method.
Nguyen Van Viet, chair of the Vietnam Beer Alcohol Beverage Association (VBA), said the beverage industry serves daily demand and attaches importance to cultural values, and develops alongside increased living standards, and tourism and trade development.
Viet said the sector is affected by transport from other countries, and businesses are witnessing a decline of up to 15-20 percent.
“In such conditions, we hope the state doesn’t think of raising tax rates at this time, and the tax increase should not be mentioned until after 2025 so that enterprises have time to recover production,” Viet said.
The representatives of some enterprises, while agreeing with the solution, asked to reconsider the time of application. They said the tax rate is already relatively high, and unfairness exists for beer products with different alcohol concentration levels.
The beer products with lower alcohol concentration levels
...More info on site
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Sri Lanka: Agriculture Minister orders suspension of use of rice in beer and animal feed production
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Agriculture Minister Mahinda Amaraweera has instructed the Ministry Secretary to immediately suspend the use of rice for the production of animal feed and beer, Newsfirst reported on July 31.
The decision was taken to face the food shortage that may occur in the future due to the arid weather conditions experienced at present.
Agriculture Minister Mahinda Amaraweera further informed to submit a letter prepared in this regard to the Secretary of the Ministry of Trade and Consumer Affairs and the Presidential Food Safety Committee.
Paddy farmers are currently facing a severe crisis due to the dry weather.
The Ministry of Agriculture says that if there is no significant rainfall in the coming days, there may be a shortage of rice, as the expected paddy harvest for the Yala Season cannot be reaped.
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