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E-Malt.com Newsletter 36b
September 07 - September 10, 2023
Quote of the Week
When you reach the end of your rope, tie a knot and hang out.
Abraham Lincoln
Currency Rates
Base Currency: US Dollar
on September 08, 2023 |
Base Currency: Canadian Dollar
on September 08, 2023 |
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1 USD = 0.9337 EUR
1 USD = 0.8013 GBP
1 USD = 1.3661 CAD
1 USD = 1.5676 AUD
1 USD = 147.3830 JPY
1 USD = 4.9766 BRL
1 USD = 98.2165 RUB
1 USD = 7.3243 CNY
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1 CAD = 0.7319 USD
1 CAD = 0.5865 GBP
1 CAD = 0.6834 EUR
1 CAD = 1.1473 AUD
1 CAD = 107.8710 JPY
1 CAD = 3.6424 BRL
1 CAD = 71.8852 RUB
1 CAD = 5.3607 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Bill Gates' foundation trust buys AB InBev stock worth $95 mln
...Click here
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USA, WA: Promising hop harvest season predicted in Yakima Valley
...Click here
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USA, TX: Three Empires Brewing coming to Frisco in mid-September
...Click here
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USA, TX: Labora Brewing getting ready to become Mathis’ first microbrewery
...Click here
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USA, MD: Denizens Brewing Co. to close its downtown Silver Spring location
...Click here
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World: Barley production forecast slightly up but not due to increased crops expectations in major producing nations
...Click here
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World: Malting barley prices move mostly down with the exception of Australia
...Click here
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South Africa: South African Breweries urge excise adjustment as beer sector volumes decline
...Click here
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UK: 2022/23 UK barley exports to the EU totalled 1.1 mln tonnes
...Click here
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Ireland: Heineken is Ireland’s leading drinks brand - Checkout Top 100 Brands report
...Click here
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India: United Breweries appoints Vivek Gupta as Managing Director and CEO
...Click here
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Australia: Western Australian Malt Barley Variety Receival Recommendations released for the 2024-25 harvest
...Click here
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Cyprus: Beer sales increase in August thanks to surge in exports
...Click here
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Graph of the Week
Table of the Week
Germany Malt Exports 2018 - 2022
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
07 September
1822 - Brazil declares independence from Portugal (National Day)
1912 - David Packard, co-founder of Hewlett-Packard Co., is born in Pueblo, Colo
1923 - Interpol forms in Vienna
08 September
1923 - Alexandra Kollontai of Russia becomes 1st woman ambassador
1990 - Real-estate developer Minoru Isutani buys the Pebble Beach golf resort for $841 million. By March, 1992, Isutani sold Pebble Beach for $500 million-a $341 million loss in less than a year-and-a-half, "probably the most disastrous real-estate deal known to man"
09 September
1776 - Continental Congress renames "United Colonies" as "United States"
1839 - John Herschel takes the first glass plate photograph
1940 - George Stibitz pioneers the first remote operation of a computer
1947 - First case of a computer bug being found: A moth lodges in a relay of a Harvard Mark II computer at Harvard University
10 September
1845 - King Willem II opens Amsterdam Stock Exchange
1846 - Elias Howe is granted a patent for the sewing machine
1894 - London taxi driver George Smith is 1st fined for drunk driving
1997 - Discovery buys Travel Channel for $20 million
2008 - The Large Hadron Collider at CERN, described as the biggest scientific experiment in history, is powered up in Geneva, Switzerland
Agenda
September 2023:
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: Bill Gates' foundation trust buys AB InBev stock worth $95 mln
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Bill Gates' foundation trust bought 1.7 million shares of Anheuser-Busch InBev after the company experienced a few months of controversy and declining stock prices. The Bill and Melinda Gates Foundation Trust bought the shares — valued at about $95 million — last quarter, according to an SEC filing, CBS News reported on September 7.
Anheuser-Busch took a hit earlier this year when Bud Light sales dipped following an Instagram ad campaign with Dylan Mulvaney. The transgender actress and activist partnered with the beer company on April 1, outraging many conservatives.
Some people, including Kid Rock, called for a boycott of the beer, and reported sales dropped in the month that followed. Bud Light, which was once the nation's top selling beer, saw a 23% decline in May from the same period the year before. Sales slipped again in June, down 28% compared to the same period last year, according to Bump Williams, which tracks alcohol sales.
Bud Light was overtaken by Modelo Especial in the No. 1 spot, according to consumer behavior data analytics firm Circana.
After the backlash over the Mulvaney partnership, Anheuser-Busch attempted to boost its image by releasing patriotic ads and a statement from CEO Brendan Whitworth, who
...More info on site
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USA, WA: Promising hop harvest season predicted in Yakima Valley
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The hop harvest is underway across Washington State, and since the hops started growing in March, it looks to be a promising season in the Yakima Valley, KIMA reported on September 7.
The hop harvest officially started in Washington last week.
The vice president of crop production at Yakima Chief Ranches, says the quality and yield perspectives look good.
"The quality this year is excellent, it's been a great growing season," said Jason Champoux, the vice president of crop production at Yakima Chief Ranches. "Every year has its challenges, but this year's been from a quality standpoint and yield standpoint looks to be a great year. So, we are excited to welcome all our brewing customers to Yakima for Hop Harvest."
One of the challenges that they could see, is the weather.
While Yakima County is currently in a drought emergency, Champoux says that would only have an effect at the start of the harvest.
"The drought would be more susceptible to impact the crop earlier in the season, in the growing season," Champoux said.
But Champoux says at this point, the drought wouldn't have much of an effect.
He did say other weather elements could play a role.
"Really the only thing that can affect us at this
...More info on site
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USA, TX: Three Empires Brewing coming to Frisco in mid-September
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Opening day finally draws near for a new brewery coming to Frisco: Called Three Empires Brewing, it'll open at 6990 Main St. #200 in mid-September, fulfilling a dream that husband-and-wife David and Mandy Wible have nurtured for nearly a decade, CultureMap Dallas reported on September 6.
They're opening in downtown Frisco inside the historic Ford Building, and will be the very first stand-alone brewery to open in Frisco, ever since the city lifted the ban on breweries operating within city limits in 2020. Locals are celebrating the prospect of having a brewery in their own hometown. ("It will be so nice not having to drive to Celina, McKinney, Denton, Plano, Grapevine, etc for a local brewery," says one fan.)
The Wibles just secured approval on one of their final inspections, and are aiming for an opening in mid- to late-September.
The couple are Frisco residents and have long been homebrewing hobbyists. "Three Empires" represents a nod to their family of three (they have a child), and the idea that they were building a beer empire.
It’s only happenstance that this is also the third shot the couple has taken at launching their brewery. Third time's the charm.
Their journey to this opening began with
...More info on site
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USA, TX: Labora Brewing getting ready to become Mathis’ first microbrewery
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For more than a century, a cotton gin has stood in downtown Mathis. But for the past several decades that building has been bare and deserted until two brothers, Jake and Nick Resio and their friend Jay Poole purchased the building, KRIS 6 News reported on September 6.
In 2020, the group of businessmen discussed turning the property at East Rockport Street into a brewpub with the help from the Mathis Economic Development Corporation. They thought they'd hit the ground running on the redevelopment, but when the COVID-19 pandemic hit, the brew dreams were halted.
As more than a year passed, the crew began the journey again to build Mathis' first ever brewery company.
"So our goal with the project is we love craft beer, we love getting together with family and friends," Jake said. "But doing the project here in this building is really about trying to bring economic growth to the town."
The inspiration behind naming the brewery 'Labora' comes from the Latin origin word, 'labor,' an homage to the hard workers that used to operate the cotton gin at least 103 years ago.
The vision for the building is to have patio seating in the front, walk up windows for orders and
...More info on site
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USA, MD: Denizens Brewing Co. to close its downtown Silver Spring location
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Denizens Brewing Co. will close its downtown Silver Spring location on Monday, October 23, co-founder Julie Verratti announced on social media on September 5, the Source of the Spring reported.
DCBeer.com says the decision to close the Silver Spring taproom, which opened in 2014, is mostly because the original ten-year lease ends in October and the landlord wants to renew for another ten-year term. Denizens tried to negotiate a shorter renewal term, but the landlord would not budge.
Verratti told DCBeer that after the uncertainty of the last few years, Denizens is not interested in signing a ten-year lease again. In the wake of the pandemic, Denizens ceased brewing at its Silver Spring location, moved its brewery equipment to Riverdale Park, and sold excess equipment to other regional breweries, including Atlas Brew Works, Lost Generation, and Black Narrows.
The 12,000-square-foot production brewery and 150-seat taproom in Riverdale Park opened in 2019. Recently, Denizens added offerings from All Set Restaurant & Bar, Money Muscle BBQ, and Catalyst Hot Dogs to their food menus.
Staff at the Silver Spring location were informed of the decision not to renew the lease months before the official announcement. They have been offered employment at Riverdale Park if they wish,
...More info on site
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World: Barley production forecast slightly up but not due to increased crops expectations in major producing nations
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World barley production forecast sees a slight increase of 0.5 mln tonnes to 138.9 mln tonnes with the change coming entirely from crops outside
...More info on site
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World: Malting barley prices move mostly down with the exception of Australia
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World barley price movements are rather mixed with malting barley mostly down with the exception of Australia which has seen a considerable volume of
...More info on site
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South Africa: South African Breweries urge excise adjustment as beer sector volumes decline
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The South African Breweries (SAB) has urged the government to consider an excise adjustment that is in line with, or below inflation in the upcoming Medium-Term Budget Policy Statement in October, IOL reported on September 7.
This comes as beer production volumes have declined significantly in the first seven months of 2023 due to depressed consumer spending on the back of weak economic growth.
This was said at the SAB’s annual State of the Economy (SOBE) event held at one of SAB’s biggest breweries in Alrode, Johannesburg.
SAB CEO Richard Rivett-Carnac said the two excise adjustments that were in line with projected inflation over the past two budgets had allowed SAB to invest and continue contributing to the beer economy, investing in almost R12 billion in the past two years.
However, Rivett-Carnac said, “Given demand-side pressures emanating from constraints on consumer disposable income, and supply-side pressures from rising input costs, the alcohol industry has declined in volume in the seven months leading up to July 2023.
“It is now more important than ever for the government to adhere to policy and for excise increases to be linked to CPI,” he said.
In his February 2023 Budget Speech, Finance Minister Enoch Godongwana announced an increase of 4.9%
...More info on site
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UK: 2022/23 UK barley exports to the EU totalled 1.1 mln tonnes
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Last season (2022/23) the UK exported 1.48 Mt of total wheat, and 1.10 Mt of barley to the EU, according to HMRC data, AHDB
...More info on site
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Ireland: Heineken is Ireland’s leading drinks brand - Checkout Top 100 Brands report
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Heineken is Ireland’s leading drinks brand according to the latest Checkout Top 100 Brands report. The rankings are produced by Checkout Magazine in partnership with NIQ Ireland.
The Checkout Top 100 Brands is based on branded value sales across the Irish grocery sector, making it the most accurate barometer of the biggest selling brands in the marketplace.
In compiling the report, NIQ Ireland measures the sales performance of over 5,000 brands from over 200 product classes.
The report shows interesting implications for the the grocery retail off-trade sector and Irish consumer behaviour.
Looking back to 2022, fewer than ten of the top 12 drinks brands retained their positions from last year.
This may indicate that inflation and the cost of living are biting into the pockets of drinkers forcing them to reassess their buying choices.
The report shows Smirnoff, Guinness, Bulmers, Jameson and Coors are still the nation’s number two, three, four, five and six brands, respectively, while Santa Rita, Casillero del Diablo, Rockshore and Corona retain their number nine, ten, 11 and 12 positions.
Beyond the top ten, three brands retain their 2022 positions this year. Irish lager Rockshore retains the number 11 position that it reached last year, Mexican lager Corona makes it three years
...More info on site
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India: United Breweries appoints Vivek Gupta as Managing Director and CEO
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United Breweries Ltd (UBL), now part of Dutch brewing firm Heineken, on September 7 announced appointment of Vivek Gupta as Managing Director and CEO of the company, the Deccan Herald reported.
Gupta, 47, joins UBL from B2B online trade platform Udaan.com and his appointment will be effective from September 25, 2023.
The UBL board at its meeting held on Thursday approved the appointment of Gupta as MD & CEO of the company, said regulatory filing from the company which owns iconic beer brand Kingfisher.
Besides, he has been appointed as an additional director on the board, it added.
The appointment will be subject to approval of the shareholders of the company, UBL added.
Gupta, an engineering graduate with a Master’s in business management from IIM, Ahmedabad, has experience in working with homegrown Indian and global companies.
He shall hold office as MD & CEO for a period of five years with effect from September 25, 2023, which will be extendable subject to approval of the shareholders, the filing said.
Gupta has spent over two decades in leadership and commercial roles at P&G . His last position with P&G was as managing director of Australia and New Zealand.
On Gupta's appointment, Jacco van der Linden,
...More info on site
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Australia: Western Australian Malt Barley Variety Receival Recommendations released for the 2024-25 harvest
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The Grain Industry Association of Western Australia has released the Western Australian Malt Barley Variety Receival Recommendations for the 2024-25 harvest, the Grain Central reported on September 7.
Observations indicate there has been no major change in international barley and malt trade fundamentals over the past 12 months as diversification of markets and increased acceptance of Australian barley and malt to Africa, Asia, Mexico, and South America continues.
A considerable change that will impact the 2024-25 harvest is China’s removal of the 80.5 percent anti‐dumping and countervailing duty measures on Australian barley, and lifting of the ban on Emerald Grain, now trading as Louis Dreyfus Company, and CBH Grain.
GIWA Barley Council chair and InterGrain barley breeder David Moody said the end of the barley tariff was good news for the barley industry.
“WA has a strong trade history with China and our varieties work well within the Chinese malting and brewing systems,” Mr Moody said.
“Chinese maltsters and brewers will need to adjust to the change in the malt variety mix since implementing tariffs in 2020.
“For example, varieties such as La Trobe and Scope CL are no longer segregated, and WA growers have switched from Spartacus CL to Maximus CL.”
Mr Moody said the resumption
...More info on site
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Cyprus: Beer sales increase in August thanks to surge in exports
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In August 2023, a surge in Cyprus beer exports by 113.6%, or 193,315 litres, led to a 1.5% increase in total beer deliveries which includes domestic market and exports, Stockwatch reported on September 8.
According to data from the Statistical Service of Cyprus, beer deliveries in August 2023 reached 5,195,978 litres, showing a 1.5% increase compared to August 2022.
Deliveries of beer to the domestic market decreased by 2.4% compared to last August, totalling 4,832,426 litres.
On the contrary, beer exports in August 2023 recorded an impressive increase of 113.6%, reaching 363,552 litres, up from 170,237 litres in August of the previous year.
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