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E-Malt.com Newsletter 34a
August 21 - August 23, 2023
Quote of the Week
Never give up on a dream just because of the time it will take to accomplish it. The time will pass anyway.
Earl Nightingale
Currency Rates
Base Currency: US Dollar
on August 23, 2023 |
Base Currency: Canadian Dollar
on August 23, 2023 |
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1 USD = 0.9191 EUR
1 USD = 0.7839 GBP
1 USD = 1.3542 CAD
1 USD = 1.5558 AUD
1 USD = 145.8700 JPY
1 USD = 4.9578 BRL
1 USD = 94.1090 RUB
1 USD = 7.2553 CNY
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1 CAD = 0.7383 USD
1 CAD = 0.5788 GBP
1 CAD = 0.6786 EUR
1 CAD = 1.1487 AUD
1 CAD = 107.6970 JPY
1 CAD = 3.6604 BRL
1 CAD = 69.4817 RUB
1 CAD = 5.3567 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Bud Light officially dethroned by Modelo Especial as Amerca’s best-selling beer
...Click here
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USA: Modelo Especial’s rise to top of US beer market did not happen overnight – Constellation Brands
...Click here
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USA, MI: Heights Brewery coming to downtown Farmington
...Click here
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USA, VA: Commonwealth Brewing Company to launch new brewery in Fairfax during Labor Day weekend
...Click here
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USA, CA: Steel Bonnet Brewing Company opens brand-new production facility in Salinas
...Click here
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USA, KS: Two craft breweries coming to Augusta next year
...Click here
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USA, NC: Mannkind Brewing to host its grand opening in Leland on August 25
...Click here
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Canada, BC: Curious Creatures Beer Corp. announces release of its first beer in Port Coquitlam
...Click here
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USA, CA: New Helvetia Brewing Company facing prospects of eviction and closure
...Click here
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Japan: Asahi believes in growth of beer category this year
...Click here
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Argentina: Barley crop forecast increased as conditions benefit from further rains
...Click here
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Tanzania: Tanzania Breweries Limited reports 42% growth in second quarter net profit
...Click here
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UK: Spring malting barley crops showing promising quality
...Click here
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India: Rising popularity of domestic whisky gives strong competition to imported rivals
...Click here
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Ukraine: Barley exports in MY 2023/24 total 422,000 tonnes
...Click here
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Graph of the Week
Table of the Week
EU Hops and Alpha Acid Production 2021-2022
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
21 August
1897 - Oldsmobile begins operation as a General Motors Corp division
1975 - U.S. lightens trade embargo against Cuba
1991 - Communist coup is crushed in U.S.S.R. in 2 days
22 August
1864 - International Red Cross forms
1901 - Cadillac Co forms
1932 - The BBC first experiments with television broadcasting
1980 - Mount Everest climbed by Italian Reinhold Messner, alone
23 August
1891 - Thomas Edison patents motion picture camera
1904 - Automobile tire chain patented
1939 - Molotov-Ribbentrop pact: East Europe divided between Hitler and Stalin
Agenda
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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USA: Bud Light officially dethroned by Modelo Especial as Amerca’s best-selling beer
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Modelo Especial is now officially America’s best-selling beer, dethroning Bud Light, whose popularity faded following the Dylan Mulvaney controversy, CNN reported on August 22.
Sales of Modelo at grocery and beer stores have surpassed Bud Light’s over the course of 2023, according to newly released NIQ data, the first time Modelo has ever beaten Bud Light on a year-to-date basis. There’s a tight race to the top, with Modelo landing in first place, gaining 8.34% share of dollars spent on beer vs. 8.28% for Bud Light through August 12.
It’s a significant move for Modelo since Bud Light has held the position of America’s top-selling beer for the large part of the past two decades.
Summer has been a bright spot for the Mexican lager, with Modelo surpassing Bud Light in May, June and July monthly sales. Modelo has held a 9.1 share for the past four weeks as Bud Light slipped to a 7 share of off-premise beer sales.
Modelo’s move to the top “seemed inevitable for at least the last several months, but the timeline accelerated since Bud Light’s trends dramatically worsened in April,” Benj Steinman is the president of Beer Marketer’s Insights, told CNN. “And it happened
...More info on site
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USA: Modelo Especial’s rise to top of US beer market did not happen overnight – Constellation Brands
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Modelo Especial’s U.S. owner and distributor wants to emphasize that the brand’s rise to the top of the country’s beer market didn’t happen overnight, CNBC reported on August 18.
“The fact that we became the No. 1 beer in America due to a competitor’s moves is not accurate,” said Jim Sabia, executive vice president and managing director of Constellation Brands’ beer division.
“We’ve planned on becoming the No. 1 beer in America over the next couple of years; it just happened quicker than we anticipated,” he said.
Sabia said the company estimated that Modelo Especial would be the No. 1 beer in the U.S. by 2025. Bud Light’s sales slump changed that.
Modelo Especial took over’s Bud Light’s top spot in the U.S. beer market in May and has held onto the title ever since, according to Nielsen IQ data analyzed by the investment firm Wedbush Securities. The data shows that on the four weeks ended on May 20, Modelo’s share of total beer sales grew to 10.7%, while Bud Light’s fell to 9.6%.
Analysts say Modelo’s rise was accelerated by conservative backlash against Bud Light and its parent company, Anheuser-Busch InBev, after it partnered with transgender activist and influencer Dylan Mulvaney the month
...More info on site
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USA, MI: Heights Brewery coming to downtown Farmington
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Downtown Farmington's newest brewery is on track to open late next month, the Detroit Free Press reported on August 18.
Heights Brewery, founded by Farmington residents and longtime home brewers Ryan Kavanagh and Shawn MacDonnell, will open at the former Page's Food and Spirits location, 23621 Farmington Road, starting with a soft opening in late September.
The 3,500-square-foot space, designed by Birmingham-based DesignTeam Plus, hopes to provide an "inviting, open and timeless vibe" for customers, with a redesigned front facade, a sizable, garage-style door, accordion-style windows and outdoor seating.
"We wanted to connect the exterior with the interior, and I think we succeeded in doing that," Kavanagh said in a news release.
Kavanagh and MacDonnell have been working to build and open the brewery since last year, working with Farmington's planning commission and downtown development authority as the city revamped its streetscape. The DDA awarded a grant to Kavanagh and MacDonnell to redesign the dated 1970s-style facade, and demolition began in the spring.
Kavanagh brings brewing experience from several southeast Michigan breweries, including Draught Horse in New Hudson and Dragonmead and Kuhnhenn in Warren.
Heights plans to serve a "full array" of beers, including IPAs, porters, stouts, lagers and some specialties, as well as wine, meads,
...More info on site
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USA, VA: Commonwealth Brewing Company to launch new brewery in Fairfax during Labor Day weekend
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Something new is brewing in Old Town Fairfax, FFXNow reported on August 18.
Expanding operations from Virginia Beach, Commonwealth Brewing Company is gearing up to join the neighborhood with an anticipated Labor Day weekend opening at 10426 Main Street.
In honor of its opening, which will ideally come on Sept. 1, the brewery will offer a “pie and a pint” special associated with its participation in Fairfax City’s upcoming Restaurant Week. Customers can choose from one of Commonwealth’s eight signature pizzas and a draft beer for $25.
Fairfax visitors can expect “an even bigger implementation” of Commonwealth’s offerings in Virginia Beach (2444 Pleasure House Road), where the brewery serves 25 to 28 styles of beer crafted in house, owner Jeramy Biggie says.
The new Fairfax location will boast a 4,800 square-foot tap room with 48 taps, five of which will be dedicated to draft cocktails that are currently exclusive to Fairfax. It will also eventually add the coffee brand that Commonwealth recently launched in Virginia Beach.
“It’s a great, great spot right on Main Street, and it has a pretty expansive patio with outdoor seating where dogs are welcome,” Biggie told FFXnow. “I’m just really excited to see how people can respond to the beer.”
Along
...More info on site
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USA, CA: Steel Bonnet Brewing Company opens brand-new production facility in Salinas
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Steel Bonnet Brewing Company has announced the opening of a brand-new production brewery in Salinas, representing a significant increase in production capacity over their current brewery in Scotts Valley and providing the opportunity for significant expansion of growth both at the tap room and in distribution, the Press Banner reported on August 18.
Several years ago, due to the growing popularity of their Scotts Valley taproom, Steel Bonnet owners Sue and Donald Cramb decided to expand production.
“We talked about expanding our current location in Scotts Valley, but due to some restrictions, we had to consider other locations, initially in Santa Cruz and Watsonville,” explains Donald Cramb. “However, we quickly realized that the availability of space was very limited. We then started to look further afield and eventually found a pretty ideal location in Salinas.”
So the Crambs signed a lease for a brand-new space on Work Street in Salinas in 2019.
Then, Covid hit. Two years of pandemic restrictions inhibiting development, followed by a shortage of architects, engineers and contractors.
“We had to stop all plans to move forward on this front,” Donald Cramb recalls. “But thanks to all of the support from our community who gave us the confidence to keep this
...More info on site
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USA, KS: Two craft breweries coming to Augusta next year
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Augusta’s craft brewery count at the moment is zero.
But by this time next year, the small town with a quaint but up-and-coming downtown area will be home to two craft breweries operating on the same street, the Wichita Eagle reported on August 22.
The first one slated to open will be co-owned by Shane Scott, best known for his Sugar Shane’s Cafe at 430 State St. Scott is partnering with the owners of Walnut River Brewing Company in El Dorado and Pour House in Wichita and with Augusta businessman and craft beer aficionado Jeff Brown.
That brewery will operate at 418 State St. in Augusta and will be called Red Bud Brewery. The two-story brick building it will take over is directly on the other side of Sugar Shane’s patio and will share its usage.
Walnut River’s brewers will make new beers specifically for Red Bud, Scott said. The owners hope to have it open by the first quarter of 2024.
Then, by summer of 2024, craft brewer Adam Kraft and his wife, Julie, plan to open their own brewery just two doors down from Red Bud — in the one-story historic building at 414 State Street. The Krafts will call their
...More info on site
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USA, NC: Mannkind Brewing to host its grand opening in Leland on August 25
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Following Brunswick Beer and Cider in late 2022, and the opening of Leland Brewing early this summer, a third brewery is set to join this booming town by the end of the month. Jeremy and Cassie Mann have been planning the brewery for years and working on the space at Ploof Road Business Park in Leland for months, the Star News Online reported on August 23.
Now, they’re hosting an official grand opening for Mannkind Brewing beginning at 11 a.m. Friday, Aug. 25 at 9600 Ploof Road.
“I think we have some things that set us apart,” Jeremy Mann said. “And I hope more breweries open here, too. I think it makes Leland more of a beer destination.”
Mannkind’s first beer is Alpha, as in beginning. It’s a pale ale and will join the One Giant Leap, a double IPA, and the Ren (for Rennaissance) Amber for the opening. Also look for guest beers from local breweries, including the others in Leland.
“They have been very supportive of us,” Jeremy Mann said. “And we want to support them, too.”
Head brewer Alexis Scrivani also has a lager in the works as well as a German style beer for
...More info on site
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Canada, BC: Curious Creatures Beer Corp. announces release of its first beer in Port Coquitlam
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A new brewing company that “exists to help people to dive into a world of flavour” has announced the release of its first beer in Port Coquitlam, the Canadian Beer News reported on August 18.
Curious Creatures Beer Corp. has been founded by brewer and operations manager Sebastian Peterson, illustrator and brand manager Tatiana Peterson, and designer and marketing manager Brigitta Angelica, and is currently producing its beer at Boardwalk Brewing.
The debut beer from Curious Creatures is Monch New Zealand Pale Ale (4.5% abv):
Monch is designed to highlight the unique flavour and terroir of New Zealand Grown hops. It has notes of gooseberry, grapefruit, and passionfruit. The aromatics are that of a crazy New Zealand Sauvignon Blanc but with an absolute truckload of other fruit. The beer is dry with a delicate bitterness and ultimately, it’s incredibly sessionable.
Monch is launching today (August 18th) at the Boardwalk taproom, where Curious Creatures merchandise will also be available.
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USA, CA: New Helvetia Brewing Company facing prospects of eviction and closure
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Though the federal COVID-19 emergency declaration ended in May, one Sacramento brewery is reminding customers that the impacts of the pandemic continue to rock the food and beverage industry.
According to the Sacramento Bee, New Helvetia Brewing Company says it’s facing the “very real prospect of eviction and closure” due to the lingering impacts of the pandemic.
The brewery took to Instagram to make the announcement, writing that the business has fallen behind on rent payments in part because of “the escalating costs and diminishing revenues in the aftermath of the pandemic.”
The brewery is now serving food alongside its lineup of beers and urges customers to come in for a pint and a bite.
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Japan: Asahi believes in growth of beer category this year
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Japan brewery major Asahi believes that upcoming local regulatory changes and global-scale events will serve as major catalysts to accelerate the growth of the
...More info on site
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Argentina: Barley crop forecast increased as conditions benefit from further rains
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Argentina’s barley crop conditions have benefitted from further rains, at least in the eastern half of Buenos Aires province. Although improved, the area of
...More info on site
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Tanzania: Tanzania Breweries Limited reports 42% growth in second quarter net profit
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Tanzania Breweries Limited (TBL) has reported 42 per cent growth in net profit in the second quarter of this year boosted by significant increases
...More info on site
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UK: Spring malting barley crops showing promising quality
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Spring malting barley crops are showing promising grain quality from the early harvested areas across south and eastern England, although yields are a touch
...More info on site
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India: Rising popularity of domestic whisky gives strong competition to imported rivals
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Rising preference for domestic single malts amongst Indians has been able to give strong competition to its rivals from Scotland, reported Times of India.
...More info on site
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Ukraine: Barley exports in MY 2023/24 total 422,000 tonnes
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In the 2023/2024 marketing year (MY) (from July 1, 2022 to August 21, 2023), Ukraine exported 3.6 million tonnes of grains and legumes, Ukrinform reported on August 21 citing the Ministry of Agrarian Policy and Food data.
In the current MY Ukraine has already exported 1.5 million tonnes of wheat, 422,000 tonnes of barley, 600 tonnes of rye, and 1.7 million tonnes of corn.
For comparison, in 2022/2023 MY, as of August 25, 2022, Ukraine exported 3.3 million tonnes of grains and pulses, including 896,000 tonnes of wheat, 272,000 tonnes of barley, 2.1 million tonnes of corn, and 400 tonnes of rye.
In the three weeks of August 2023, Ukraine has already exported 1.3 million tonnes of grains and pulses (1.6 million tonnes in 25 days of August last year). This includes 646,000 tonnes of wheat (520,000 tonnes in 25 days of August 2022), 127,000 tonnes of barley (123,000 tonnes in 25 days of August 2022), and 558,000 tonnes of corn (975,000 tonnes in 25 days of August 2022). This year, since the beginning of August, rye has not been exported (last year, 400 tonnes in the same period).
Since 2023/2024 MY, Ukraine has exported 17,700 tonnes of flour (9,600 tonnes as of the
...More info on site
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