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RombBullet Currency rates
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RombBullet Industry news
RombBullet Graph of the week
RombBullet Table of the week
RombBullet Prices evolution
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E-Malt.com Newsletter 35b
August 31 - September 03, 2023

Quote of the Week

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Currency Rates

Base Currency: US Dollar
on September 01, 2023
Base Currency: Canadian Dollar
on September 01, 2023
      1 USD = 0.9193 EUR
1 USD = 0.7880 GBP
1 USD = 1.3531 CAD
1 USD = 1.5431 AUD
1 USD = 145.7600 JPY
1 USD = 4.9130 BRL
1 USD = 96.0841 RUB
1 USD = 7.2630 CNY
      1 CAD = 0.7389 USD
1 CAD = 0.5823 GBP
1 CAD = 0.6793 EUR
1 CAD = 1.1403 AUD
1 CAD = 107.7080 JPY
1 CAD = 3.6304 BRL
1 CAD = 71.0004 RUB
1 CAD = 5.3669 CNY

Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Barley news North America: Analysts reduce Canada barley crop, exports forecasts ...Click here
Brewery news USA, CO: 4 Noses Brewing Company opening new location in Denver ...Click here
Barley news Canada: Feed barley, wheat prices coming down ...Click here
Brewery news USA, GA: Round Trip Brewing to open second location in Marietta in spring 2024 ...Click here
Brewery news USA, IN: Upland Brewing Company to open its doors in Carmel on September 1 ...Click here
Brewery news USA, WA: Darach Brewing’s last day of operation to be September 23rd ...Click here
World News
Barley news World: Barley production forecast slightly up but still the lowest in ten years ...Click here
Brewery news Malaysia & Singapore: Carlsberg to continue with its premiumisation drive in Malaysia and Singapore ...Click here
Brewery news South Korea: Major brewer Hite Jinro sees shares slide 23% this year as profitability worsens ...Click here
Brewery news Australia: Brewing market more competitive than ever, CUB says ...Click here
Barley news UK: Winter barley harvest complete, spring barley harvest makes good progress ...Click here
Brewery news The Czech Republic: Beer prices bubble up in 2023 with further increases expected ...Click here
Brewery news Bulgaria: Carlsberg Bulgaria names new CEO ...Click here
Graph of the Week

Table of the Week

The Brewing Industry in Belgium 1900-2022

Table of the week.

Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

These Days in Business History

31 August
1895 - Thomas Edison patented his movie camera (Kinetograph)
1918 - Belgium starts paying old age pensions
1997 - Diana Spencer, princess of England, dies in car crash in Paris at 36

01 September
1905 - Alberta & Saskatchewan become 8th & 9th Canadian provinces
1923 - 7.9 earthquake strikes Tokyo & Yokohama, kills 142,000
1962 - UN announces Earth population has hit 3 billion

02 September
1930 - 1st non-stop airplane flight from Europe to US (37 hrs)
1941 - Film Academy copyrights Oscar statuette
1987 - Philips introduces CD-video

03 September
1778 - City Amsterdam signs trade agreement with U.S. rebels
1935 - 1st automobile to exceed 300 mph, Sir Malcolm Campbell (301.337 mph)
1967 - Sweden begins driving on right-hand side of road


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)

More events are available on site e-malt.com

News Articles

Barley newsNorth America: Analysts reduce Canada barley crop, exports forecasts
After prolonged hot and dry conditions, rain has finally arrived in the region, just as harvest is about to roll forward. However, the forecast ...More info on site

Brewery news USA, CO: 4 Noses Brewing Company opening new location in Denver
4 Noses Brewing Company, a leading craft brewery known for its innovative flavors and award-winning brews, is excited to announce the opening of its new location in the vibrant Park Hill neighborhood of Denver. The expansion marks a significant milestone in the brewery’s nine-year history and sets the stage for continued growth and innovation, Brewbound reported on August 30.

The new brewery and taproom, situated at 4040 Dahlia Street in the Park Hill neighborhood of Denver, is scheduled to open its doors in the early fall of 2023. This strategic expansion will not only accommodate the brewery’s increased demand but will also provide additional space for a future taproom expansion at their Broomfield location.

The Park Hill location boasts an impressive brewing facility with a significantly larger brewhouse and expanded fermentation capabilities. This upgrade will facilitate increased production capacity and enable 4 Noses Brewing Company to meet the growing demand for their beloved beers. Furthermore, the enhanced infrastructure will allow the brewery to undertake contract brewing for other local breweries seeking additional brewing capacity. The design of the location is meant to broaden visibility into the brewing process by showcasing the new BrauKon Brewhouse and the Quality Control Lab from the ...More info on site

Barley news Canada: Feed barley, wheat prices coming down
Despite a hot and dry summer across much of the Prairies, prices for feed barley and feed wheat have fallen off over the past month, the Canadian Cattlemen reported on August 31.

The high-delivered bid for Alberta feed barley was C$8.06 per bushel, C$1.42 less than one month ago, according to Prairie Ag Hotwire. Those in Saskatchewan and Manitoba were C$6.50/bu. (down C$1) and C$6.40/bu. (down C$1.10), respectively. The high-delivered bid for feed wheat in Alberta was C$10.75/bu., 95 cents lower than last month. In Saskatchewan and Manitoba, they were C$9.50/bu. (down 85 cents) and C$8.65/bu. (down C$1.20), respectively.

Jim Beusekom, president of Marketplace Commodities in Lethbridge, said the general trend over the past month for feed grain prices have been lower, but he also outlined multiple factors behind the declines.

“Since the start of August, there’s harvest pressure. There’s available supply from producers and although the crop is smaller due to drought pressure, there still is supply available right now,” he said.

“To add to that, 50 to 60 per cent of Feedlot Alley is using corn right now. They have that corn purchased and coming in and they will continue to use what they have. It’s priced competitively with barley, anyway.

“It’s more ...More info on site

Brewery news USA, GA: Round Trip Brewing to open second location in Marietta in spring 2024
Round Trip Brewing is expected to open a second location at Avenue East Cobb in Marietta in the spring of 2024, Rough Draft Atlanta reported on August 31.

The real estate company North American Properties, which oversees management and leasing of Avenue East Cobb, has named the Round Trip expansion as part of its effort to revitalize the mixed-use development at 4475 Roswell Road.

“One of the most requested additions we’ve received since acquiring AEC is a brewery, and we’re so excited to answer demand with a local brand,” said Brooke Massey, NAP senior leasing representative, in a press release. “Soon, neighbors will have a gathering spot to catch live music or a movie night right in their backyard.”

The original Round Trip Brewing is located in the Upper Westside. The new location is expected to be similar in atmosphere and will offer German-inspired food and beer.

“Being part of the community is important to us and this dynamic space will be a go-to hotspot for everyone,” said Craig Mycoskie, CEO and head brewer at Round Trip, in the release. “When we heard about NAP’s redevelopment plans for AEC and an opportunity to claim a location at the heartbeat of the property, ...More info on site

Brewery news USA, IN: Upland Brewing Company to open its doors in Carmel on September 1
Upland Brewing Company will open Sept. 1 at Clay Terrace, 14490 Clay Terrace Blvd. in Carmel, Current Publishing reported.

The Bloomington-based craft brewery will offer a rotating selection of beer and seasonal food menus.

“Opening the doors of Upland Clay Terrace is a natural step for the Upland brand and something we’ve been so excited about,” stated Padraig Cullen, Upland Brewing Company vice president of hospitality. “This location is truly special. With tons of shopping and recreation as well as outdoor space nearby, this spot is versatile and lends itself to being a quick lunch stop, evening date night location and more. We’re thrilled to be here.”

Operating hours are 11 a.m. to 11 p.m. Sunday through Thursday (kitchen closes at 10 p.m.) and 11 a.m. to midnight Friday and Saturday (kitchen closes at 11 p.m.).

Brewery news USA, WA: Darach Brewing’s last day of operation to be September 23rd
Darach Brewing just announced via social media that it is closing. The brewery and taproom opened in late 2022. In their own words, “Unfortunately, time was not on our side to grow a big enough base to support ourselves.” Darach Brewing’s last day of operation is September 23rd, the Washington Beer Blog reported on August 30.

The focus at Darach Brewing was farmhouse-style ales, mixed-fermentation beers, and other creative concoctions.

“From now until we close we will be offering discounts on merch and crowlers, starting with 25% off merch and $1 off crowlers. We hope to see all of you again between now and our last day!” the company said.

Barley newsWorld: Barley production forecast slightly up but still the lowest in ten years
Global barley production forecast is slightly up in RMI Analytics’ latest report – the crop is expected to reach 138.4 mln tonnes versus 138 ...More info on site

Brewery newsMalaysia & Singapore: Carlsberg to continue with its premiumisation drive in Malaysia and Singapore
Carlsberg has pledged to continue with its premiumisation drive in Malaysia and Singapore despite seeing its higher end beers suffer a significant slump as ...More info on site

Brewery news South Korea: Major brewer Hite Jinro sees shares slide 23% this year as profitability worsens
Despite the much-anticipated debut of its latest beer, Kelly, South Korea’s major liquor producer, Hite Jinro Co., finds itself ensnared in a consistent downward spiral of stock prices this year. The root cause lies in the company’s diminishing profitability, a consequence of amplified marketing outlays and the escalating expenses tied to raw materials, the Pulse News Korea reported on August 29.

As of Monday, August 28, the company’s stock price maintained a semblance of stability at 19,550 won ($14.78). However, the price reflects a daunting 23.48 percent descent from the year’s start, positioning it well below the average returns of the benchmark Kospi, which stood at 13.6 percent.

Hite Jinro’s stock value dipped below the critical threshold of 20,000 won per share on August 14, a stark contrast to the 25,600 won it boasted at the year’s outset. The trough was finally reached on August 24, plummeting to 18,920 won.

The drag on the company’s fortunes can be attributed to escalated marketing expenditures, a factor that has chipped away at Hite Jinro’s profitability. The brewery embarked on an assertive marketing campaign, even enlisting Son Suk-ku, one of the country’s expensive actors, for a commercial promoting its latest creation, Kelly. Despite the remarkable feat ...More info on site

Brewery news Australia: Brewing market more competitive than ever, CUB says
CUB has told the Parliamentary inquiry into dynamism in the Australian economy that the Australian brewing market is more competitive than ever and the company has been nimble to beat the challenges competition has brought, the BrewsNews reported on August 31.

Represented at the hearings by Amanda Sellars, Group Chief Executive Officer at Asahi Beverages, CUB argued that the competitive landscape had changed from 132 breweries 15 years ago to more than 600 now.

Sellars said these new entrants had created a “more fragmented and diverse market.”

She said the combined volume share of CUB and Lion has declined by around 10 per cent to roughly 80 per cent since 2009.

“As smaller brewers and retailer private label products have grown to around 15 per cent share,” she said.

“Coopers remains stable at around 5 per cent.”

In her opening statement Sellars told the inquiry that there are two key challenges that make for a tougher environment for all brewers, including CUB.

“Firstly, there’s been a progressive decline of more than 30 per cent per capita of pure alcohol consumption from beer in Australia over the last 25 years.

“Secondly, beer as a category has seen a significant decline in popularity when compared to wine and spirits.

“Fifty years ...More info on site

Barley news UK: Winter barley harvest complete, spring barley harvest makes good progress
Drier weather over the past two weeks allowed the UK’s harvest to make good progress, says the latest AHDB harvest progress report on September 1. However, the report also shows variable quality, including some lower Hagberg Falling Numbers (HFN) for winter wheat and germination levels for spring barley.

By 29 August, the winter barley harvest was complete, as was the oilseed rape harvest with the exception of a few fields in the North East.

Winter wheat harvesting is now in the latter stages, at 89% complete by 29 August. This is a marked rise from the 37% complete a fortnight earlier and is now ahead of the five-year average for the end of August.

Harvesting of spring barley also made good progress since the last report, though it remains slightly behind the five-year average. The areas with most crops proportionally still to be cut are the North East and Scotland.

Oat harvest progress is now also ahead of the five-year average for the time of year, with the main areas remaining in Yorkshire & The Humber (43% complete) and the East Midlands (60% complete).

There is now more information on cereal quality compared to the previous report; this shows the impact of the difficult weather ...More info on site

Brewery news The Czech Republic: Beer prices bubble up in 2023 with further increases expected
The cost of enjoying a pint of 12-degree beer in Prague surged in July, with average prices hitting CZK 64.30, compared to last year's CZK 58.80. However, this might only be the beginning, as the impending value-added tax (VAT) hike on draft beer could potentially drive prices beyond CZK 70 next year, Expats.cz reported on August 31.

Luboš Kastner, a spokesperson for the Association of Small and Medium-sized Enterprises, shared these concerning insights earlier this week with CNN Prima. Nationwide, the average beer price reached CZK 54 in July, a sharp rise from last year's CZK 49.80, indicating an increase of over 8 percent.

The Czech government's recovery plan includes transitioning draft beer from a 10 percent VAT to the standard 21-percent rate. Had the average July prices remained stable, the new VAT rate would have likely pushed the national average to around CZK 59 for a pint starting from the new year.

Kastner's criticism of the VAT changes, especially in comparison to the absence of a consumption tax on still wines, raises concerns about the future of many small businesses, particularly in rural areas. To mitigate potential fallout, the Association of Small and Medium Enterprises proposes a one-year postponement of the VAT ...More info on site

Brewery news Bulgaria: Carlsberg Bulgaria names new CEO
The Bulgarian subsidiary of Danish brewer Carlsberg said on August 31 that Teodor Nestorov will take over as its new CEO from September 1.

Prior to the appointment, Nestorov was marketing director at the company, where he has worked since 2014, Carlsberg Bulgaria said in a press release.

Nestorov, who has worked for Mondelez Bulgaria, is replacing outgoing CEO Wojciech Zabinski, who took the helm of the business at the start of 2021.

Carlsberg Bulgaria is a major local brewer with two breweries, in Shumen, northeastern Bulgaria, and in Blagoevgrad, in the southwest of the country. Its portfolio includes local beer brands Shumensko and Pirinsko as well as Carlsberg, Tuborg, Zatecky, Budweiser Budvar, Kronenbourg 1664 Blanc, Erdinger and Grimbergen as well as the Somersby cider range and several non-alcoholic beer brands.

Carlsberg Bulgaria's new can production line, in which it invested over 23 million levs ($12.8 million/11.75 million euro), opened in June.

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