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E-Malt.com Newsletter 41b
October 12 - October 15, 2023
Quote of the Week
The greatest weapon against stress is the ability to choose one thought over another.
William James
Currency Rates
Base Currency: US Dollar
on October 13, 2023 |
Base Currency: Canadian Dollar
on October 13, 2023 |
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1 USD = 0.9446 EUR
1 USD = 0.8157 GBP
1 USD = 1.3627 CAD
1 USD = 1.5688 AUD
1 USD = 149.4050 JPY
1 USD = 5.0468 BRL
1 USD = 97.8302 RUB
1 USD = 7.2999 CNY
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1 CAD = 0.7337 USD
1 CAD = 0.5985 GBP
1 CAD = 0.6931 EUR
1 CAD = 1.1510 AUD
1 CAD = 109.6190 JPY
1 CAD = 3.7029 BRL
1 CAD = 71.7783 RUB
1 CAD = 5.3560 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Per capita beer consumption in 2022 down by 25% versus 2008
...Click here
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USA, CT: Urban Lodge Brewing Co. to hold ribbon cutting event in Hartford on October 12
...Click here
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USA, VA: Staunton City Council approves new brewery at former Coca-Cola plant
...Click here
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USA, NY: Rising Storm Brewing Company launching in Rochester on October 13
...Click here
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USA, IA: Big Grove Brewery expanding in Iowa City with a new production facility
...Click here
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Canada: Demand for feed grains currently at a standstill
...Click here
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USA, CA: Beachwood Brewing sells its flagship location to a new brewery
...Click here
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USA, WA: Two Beers Brewing ceasing operations after 16 years in business
...Click here
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USA, VA: Chaos Mountain Brewing permanently closes its doors
...Click here
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USA, PA: Cox Brewing announces closure by end of 2023
...Click here
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Australia: Foreign Investment Review Board approves proposed acquisition of United Malt by Malteries Soufflet
...Click here
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UK: Beer sales in pubs see marginal increase in volume in the last 12 months
...Click here
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EU: EU wheat and barley area seen holding steady as sowing advances
...Click here
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France: Forecasts for French barley export outside the EU increased on China demand
...Click here
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UK: Barley production 2023 estimated at 7 mln tonnes
...Click here
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Graph of the Week
Table of the Week
World Barley Trade
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
12 October
1492 - Columbus arrives in Bahamas (real Columbus Day)
1918 - 1st use of iron lung (at Boston's Children Hospital). The iron lung is called a negative pressure ventilator. It enables a person to breathe when normal muscle control has been lost
1935 - Luciano Pavarotti born in Modena, Italy
13 October
1884 - Greenwich established as universal time meridian of longitude
1971 - Intel Corp. goes public on NASDAQ
1987 - Walter H Brattain, U.S. physicist (transistors, Nobel 1956), dies at 85
14 October
1773 - The first recorded Ministry of Education, the Commission of National Education, is formed in the Polish-Lithuanian Commonwealth
1888 - Louis Le Prince films first motion picture: Roundhay Garden Scene
15 October
1878 - Edison Electric Light Company incorporated
1908 - John Kenneth Galbraith is born, economist, Affluent Society-58 Hillman Award
1993 - Amstel brewery on Curacao produces 1,000,000,000th bottle
Agenda
October 2023:
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)
13 - 14: BeerX 2024 (Liverpool, UK)
22 - 24: St Malo Craft Beer Expo 2024 (St Malo, France)
22 - 23: InnBrew 2024 (Barcelona, Spain)
April 2024:
11 - 13: KIBEX 2024 (Seoul, South Korea)
21 - 24: Craft Brewers Conference & BrewExpo America 2024 (Las Vegas, USA)
24 - 24: World Beer Cup 2024 (Las Vegas, USA)
May 2024:
20 - 26: Budapest Beer Week 2024 (Budapest, Hungary)
24 - 26: Cerveza Mexico Expo 2024 (Guadalajara, Mexico)
24 - 26: Mondial de la Biere 2024 (Montreal, Canada)
26 - 30: The Brewers of Europe Forum 2024 (Lille, France)
30 - 01 June: Craft Beer China 2024 (Shanghai, China)
June 2024:
06 - 09: Wiener Bierfest 2024 (Vienna, Austria)
11 - 13: Brasil Brau 2024 (Sao Paulo, Brazil)
August 2024:
08 - 10: VIETFOOD & BEVERAGE - VIETNAM 2024 (Saigon Exhibitions and Conventions Center, 799 Nguyen Van Linh Street, District 7, HoChiMinh City, Vietnam)
September 2024:
14 - 15: Bruges Beer Festival 2024 (Bruges, Belgium)
News Articles
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Canada: Per capita beer consumption in 2022 down by 25% versus 2008
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According to Statistics Canada, Canadians drank 67.1 litres of beer per capita in 2022, which represents a 25 per cent decrease since 2008. While
...More info on site
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USA, CT: Urban Lodge Brewing Co. to hold ribbon cutting event in Hartford on October 12
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Urban Lodge Brewing Co. is the latest addition to Hartford's Pratt Street, making its official debut Thursday, Oct. 12 with a ribbon cutting event at 3 p.m. It's the second location of the brewery for owners Michael Gerrity and Ryan Fagan, who opened their original spot on Manchester's Purnell Place in 2019, the CT Insider reported.
The new space at 88 Pratt Street features two floors with multiple bars, lounge-style seating and a full kitchen, serving burgers, sandwiches, salads, tacos and shareable snacks.
Gerrity said he and Fagan signed the lease 16 months ago in the space that was once Sweet Jane's, a restaurant and music venue. The South Windsor native said he and his business partner, who grew up in Manchester, used to spend weekend nights in the capital city, visiting former clubs on Allyn Street. They were also fans of Vaughan's Public House, which is now their Pratt Street neighbor.
"We all love Hartford. That was the night out," Gerrity said. So when friends connected to Hartford's business scene suggested they consider a second location in the city, they were intrigued.
The project came together with the help of funding from Hartford's Hart Lift program, which provides property owners with funds to
...More info on site
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USA, VA: Staunton City Council approves new brewery at former Coca-Cola plant
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The Staunton City Council unanimously approved a rezoning request on October 12 that brought John Schoeb one step closer to creating a 15- to 20-barrel microbrewery and tasting room at the site of the former Coca-Cola Bottling Works facility on North Augusta Street, The News Leader reported on October 13.
A restaurant may be added later, but for now Schoeb's plans are to brew beer for both Pro Re Nata brewery and music venue in Crozet, which he owns, and Chip Clarke's latest venture, The Steam Plant, located at 420 Richmond Ave. near the intersection with Greenville Avenue. Clarke purchased that property in 2017 and plans to create a music event space, which he hopes to break ground on this year.
"Will there be a restaurant in the future? Probably." Schoeb said when addressing council. "It's years down the road."
Instead of a restaurant now, Schoeb said he's spoken with restaurants in the area that he will partner with to deliver food to people at the new brewery.
The lot is approximately 30,000 square feet and the building is approximately 26,000 square feet, per city officials. In the 1970s, Coca Cola ceased operations at this location and moved to its current location in Jolivue.
...More info on site
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USA, NY: Rising Storm Brewing Company launching in Rochester on October 13
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Starting Friday, October 13, Rochester’s Daisy Flour Mill takes on new life as a brewery, WHEC.com reported on October 11.
Co-owner of Rising Storm Brewing Company Bill Blake said many of the historic elements people remember from when it was a restaurant, are still there.
Blake has been spending a lot of time learning how the old mill works.
“The old milling equipment has a lot of history to it, it brings a lot of the element of history to life, people can walk through the tap room and see the old milling machines in there,” he said.
For the past few years, he’s been working with contractors, construction crews and even the Penfield historian, to transform the vacant mill into Rising Storm Brewing at The Mill. He and his business partner already run a location in Livonia.
“This originally wasn’t on the radar,” he said, about the mill. “But our real estate broker brought us here, and we fell in love with the idea of what it could be, and the historic nature of it.”
The journey to transform it started with a walkthrough, in the fall of 2021.
While the transformation required some renovations, Blake said he still wanted to preserve pieces of history, folks
...More info on site
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USA, IA: Big Grove Brewery expanding in Iowa City with a new production facility
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Big Grove Brewery is expanding in the Iowa City area with a new production facility that will be ready for use in February, The Daily Iowan reported on October 12.
The off-site facility is being constructed at a former Goodwill Distribution Center located at 3825 Liberty Drive on the east side of Iowa City.
“The Hop Lot” will include approximately 68,000 new barrels, allowing an increase in production by over 50 percent.
In a statement released on the company’s website, Big Grove Brewery’s Director of Brewing, Andy Joynt said the expansion will allow trucks and trailers to easily pick up beer for distribution, in comparison to doing so in the small parking lot of the Iowa City brewery and taproom.
Janelle Buxton, director of Big Grove’s industry and public affairs, said Big Grove was running out of space to create their seasonal drinks because of the necessity that came with their year-round brews, such as Easy Eddie and Citrus Surfer.
“It’s a good problem to have,” Buxton said. “An even more ideal state is once we get this production facility open, then all of our taproom locations will be brewing their own beers. Right now, we’re just not able to do that because we are
...More info on site
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Canada: Demand for feed grains currently at a standstill
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Despite prices continuing to come down for feed grains in Western Canada, demand for them is currently at a standstill, according to Susanne Leclerc of Market Master Ltd. in Edmonton, Grainews reported on October 12.
“I think we’re in that lull time right now between corn and barley (deliveries) as the (U.S.) corn harvest is underway,” Leclerc said, adding that demand is steady until more corn deliveries arrive at feedlots.
“There is an opportunity for people right now to see a late bump in barley prices, but there’s an opportunity to sell and have some movement on barley until we see more corn come in.”
She also said that not only is harvest pressure contributing to price declines, but so is a lack of international export partners due to ongoing geopolitical events.
With barley and wheat harvests mostly or entirely complete in Western Canada, Leclerc still believes there is a chance for feed grain prices to fall further.
“We’re seeing more of a bump in (barley) over the past two weeks than we have in a while. But I think we see more opportunity for it to come down based on the fact that we’ll see more corn in November. But it’s a real unknown
...More info on site
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USA, CA: Beachwood Brewing sells its flagship location to a new brewery
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The popular Long Beach brewery, Beachwood Brewing, has sold its flagship downtown location to master brewer Ian McCall of ISM Brewing, who was an original brewer at the downtown location, the Long Beach Post reported on October 11.
Beachwood announced its decision to sell in an Instagram post on October 11, adding that the move was part of a strategic plan to expand and diversify its operations. Beachwood’s specialty brewing production will be moved to its Huntington Beach facility. They opened a taproom in Huntington Beach several years ago and a pizza and beer restaurant there, which opened last December. But the company isn’t leaving Long Beach entirely, as it just opened a taproom at 2ND & PCH, and it has another taproom in Bixby Knolls.
In February, the downtown location closed its kitchen citing homelessness, continuous construction, and the lack of foot traffic as most office workers remained working from home. Co-owner Gabriel Gordon wrote a letter to the downtown Long Beach Alliance outlining concerns about the business’ struggles to continue staying open at that location. The brewery never reopened its kitchen, instead opting to host local food vendors and pop-ups such as Proudly Serving burgers and others.
The brewery opened in
...More info on site
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USA, WA: Two Beers Brewing ceasing operations after 16 years in business
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Two Beers Brewing, a beloved and storied Seattle craft brewery, announced on October 11 that it will be ceasing operations after 16 years of serving the community. This decision comes with mixed emotions as Two Beers Brewing reflects on its remarkable journey, fond memories, and the lasting impact it has had on local beer culture.
Since its inception in 2007, Two Beers Brewing has been at the forefront of innovation, consistently producing exceptional craft beers that have garnered a dedicated and passionate following. Two Beers was one of the first Washington craft breweries to package in cans, a testament to their ethos “Drink Beer. Go Outside. Be Happy.” Additionally, the brewery’s devotion to the craft has earned it numerous accolades and awards, including a much-coveted GABF gold medal for Immersion Amber, and numerous gold medals from Washington Beer Awards and Sip Northwest.
“Unfortunately, it’s not an uncommon narrative to share news of a craft brewery ceasing operations,” explains General Manager, Felix Madrid. “Between increasing materials costs, increasing competition, and declining market share for craft beer, Two Beers has struggled financially for years and was largely able to continue operations because of the success of our sibling company, Seattle Cider Co. It was
...More info on site
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USA, VA: Chaos Mountain Brewing permanently closes its doors
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After 10 years in business, Chaos Mountain Brewing in Callaway has permanently closed its doors, WSLS 10 reported on October 11.
The craft brewery made the announcement on Facebook.
In the Facebook post, staff say the business started out as the 40th brewery in the state. There are now around 380 breweries state-wide, and over 9,500 craft breweries nationwide.
Chaos Mountain Brewing officially closed its doors on Monday, Oct. 2.
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USA, PA: Cox Brewing announces closure by end of 2023
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After 8+ years, Elizabethtown’s Cox Brewing has announced its closing by the end of 2023. The brewery announced in a social media post that “with the rising cost of goods and services coupled with a 2024 military deployment, it’s time to let go”, Breweries in PA reported on October 12.
The veteran-owned brewery originally opened in 2015 by the team of Nick Cox (Brewmaster/ Owner) and Tim Kreider (Head Brewer/Owner). The two grew up as childhood friends before going into the military. Nick and Tim began homebrewing in 2006 and less than 10 years later would go on to bring Cox Brewing to life.
Five years after initially opening, Cox would expanded to the village of Rheems with their “Rally Point” Taproom. A large space that was military themed featuring a wide variety of beer, 20-foot bar, dedicated stage for live music, bunker, and outdoor patio. They closed their original location with the focus on this new, expanded taproom. However, earlier this year, the brewery had also announced the closure of that space and returned back to the original garage location.
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Australia: Foreign Investment Review Board approves proposed acquisition of United Malt by Malteries Soufflet
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Australia’s Foreign Investment Review Board has granted approval for the proposed acquisition of ASX-listed international agricultural player United Malt by French company Malteries Soufflet,
...More info on site
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UK: Beer sales in pubs see marginal increase in volume in the last 12 months
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Beer sales in UK’s pubs have seen a marginal increase in volume compared with a higher turnover in value over the last 12 months,
...More info on site
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EU: EU wheat and barley area seen holding steady as sowing advances
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Warm weather has helped European Union farmers make progress in sowing grains for next year's harvest, with the area devoted to wheat and winter
...More info on site
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France: Forecasts for French barley export outside the EU increased on China demand
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French soft wheat and barley sales to China prompted farm office FranceAgriMer to increase its forecasts for exports outside the European Union in 2023/24,
...More info on site
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UK: Barley production 2023 estimated at 7 mln tonnes
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Defra and the Scottish government released on October 12 provisional data crop areas, yields and production. This information gives us a first insight into
...More info on site
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