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E-Malt.com Newsletter 42b
October 19 - October 22, 2023
Quote of the Week
I love the smell of hops in the morning. It smells like victory.
Nick Floyd, Three Floyds Brewing, Hammond, Ind.
Currency Rates
Base Currency: US Dollar
on October 20, 2023 |
Base Currency: Canadian Dollar
on October 20, 2023 |
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1 USD = 0.9469 EUR
1 USD = 0.8239 GBP
1 USD = 1.3720 CAD
1 USD = 1.5827 AUD
1 USD = 149.8000 JPY
1 USD = 5.0538 BRL
1 USD = 97.0068 RUB
1 USD = 7.3137 CNY
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1 CAD = 0.7287 USD
1 CAD = 0.6004 GBP
1 CAD = 0.6900 EUR
1 CAD = 1.1534 AUD
1 CAD = 109.1650 JPY
1 CAD = 3.6828 BRL
1 CAD = 70.6922 RUB
1 CAD = 5.3297 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Mexico: Malteurop inaugurates new Chihuahua malthouse
...Click here
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USA: Beer sales continue to struggle, data from US Beer Distributing Industry shows
...Click here
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USA, FL: Amicus Brewing Venture opens in Tallahassee
...Click here
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USA, ND: Junkyard Brewing’s West Fargo location to officially open on October 25
...Click here
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USA, IL: Chicago’s Metropolitan Brewing files for bankruptcy
...Click here
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World: Barley crop estimate up 0.2 mln tonnes this month
...Click here
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India: United Breweries’ Q3 results show net profit decline about 20%
...Click here
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World: Global grains production forecast cut on lower than expected corn and barley harvests
...Click here
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EU & UK: Barley crop estimate unchanged at 54.65 mln tonnes
...Click here
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Nigeria: Guinness Nigeria commits to local market, looking to increase capital investments
...Click here
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World: Pernod Ricard expects higher sales this year despite tough first quarter
...Click here
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Denmark & Russia: Russian court grants unspecified ‘interim measures’ as Baltika sues Carlsberg
...Click here
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Ukraine: 2023-34 grain export lagging behind so far
...Click here
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Australia: Grain Industry Association of Western Australia releases recommended barley varieties list for crop 2024-2025
...Click here
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Graph of the Week
Table of the Week
US Hop and Alpha-Acid Production 2020-2022
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
19 October
1819 - Joseph C Juglar is born, French physician/economist, Crises Commerciales
1987 - Wall Street takes its worst plunge of the modern era, as the Dow loses 508 points, or 22.6% (the worst daily loss on record), to close at 1738.74
1988 - Friedrich Weinreb, Polish/Neth theologist/economist, dies at 77
20 October
1928 - magnate/multi-millionaire Ken Morrison was born, executive chairman of the Wm Morrison Supermarkets plc, the fourth largest chain of supermarkets in the United Kingdom
1973 - OPEC oil embargo begins
1983 - IBM-PC DOS Version 2.1 released
21 October
1492 - Columbus discovers America (Oct 12, 1492 Julian calendar)
1879 - Thomas Edison perfects carbonized cotton filament light bulb
1987 - Nobel prize for economy awarded to Robert M. Solow
22 October
1897 - World's 1st car dealer opens in London
1979 - Walt Disney World's 100-millionth guest
1997 - Yahoo completes purchase of Four11
Agenda
October 2023:
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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Mexico: Malteurop inaugurates new Chihuahua malthouse
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Vivescia Group, a French cooperative agri-food group with operations in 25 countries around the world, inaugurated on October 19 a new malthouse for its
...More info on site
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USA: Beer sales continue to struggle, data from US Beer Distributing Industry shows
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The latest data from the US Beer Distributing Industry points to continued struggles for beer sales, RMI Analytics said in their October report.
The September
...More info on site
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USA, FL: Amicus Brewing Venture opens in Tallahassee
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One day on a camping trip in St. Marys, Georgia, eight friends sat in a neighborhood craft brewery dreaming about having a similar small-scale establishment of their own.
Little did they know, two years later, they would be making literal history in a brewery of their own, the Tallahassee Democrat reported on October 19.
Their dream influenced by ambience and spirits but driven by a profound love of craft beer and community has become a reality with the grand opening of Amicus Brewing Venture.
It will be the city’s latest destination, featuring an in-house brewery capable of producing several craft beers and green space to host locally-owned food trucks. It also represents the latest attraction to a growing entertainment hub south of Apalachee Parkway from the Capitol.
The grand opening starts at 12 p.m., followed by a ribbon cutting ceremony with the city of Tallahassee at 4 p.m., at 717 S. Gadsden St.
The eight friends and four couples — Laura and Shaun York, Mary and Sheldon Steen, Laura and Tom Barrett and Alison and Tim Denny — met at Faith Presbyterian Church and found themselves bonded by their faith and love for craft beer leading to the creation of Amicus Brewing Venture.
This venture would
...More info on site
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USA, ND: Junkyard Brewing’s West Fargo location to officially open on October 25
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Junkyard Brewing’s West Fargo location will officially open next Wednesday, Oct. 25, KVRR reported on October 19.
Owner Michelle Juhnke says it’s taken months of preparation to make the 1970’s bank building look and feel like a comfortable and enjoyable place to gather.
The taproom features two patios, three bars, and plenty of seating. The bank’s vault door will remain to show the history of the building.
“The City of West Fargo is excited to welcome Junkyard Brewing into our downtown,” West Fargo Economic Development Manager Casey Sanders-Berglund said.
The taproom will be open from 4:00 p.m. to 10:00 p.m. on opening day.
The Moorhead location, which has been operating for several years, will remain open.
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USA, IL: Chicago’s Metropolitan Brewing files for bankruptcy
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Chicago’s Metropolitan Brewing has filed for bankruptcy protection and said in a filing that “The brewery will not be able to make it through the winter . . . without a comprehensive restructuring or sale,” according to a report in the Chicago Tribune.
Metropolitan is one of the oldest craft breweries in Chicago, the Tribune said. It started in 2008 in warehouse in the Ravenswood neighborhood. It moved in 2017 to a redevelopment in the Avondale neighborhood, according to the report.
The brewery “has been drowning in debt and struggling financially since making the move,” the Tribune wrote.
According to the report, the Chapter 11 filing says, “The bankruptcy is being filed because while (Metropolitan) can pay market rent for the brewery space going forward . . . there is no way the (brewery) can ever repay the amount of back rent the landlord is seeking.”
In 2022, Metropolitan took in $2.16 million in gross revenue, the Tribune reported. The brewery anticipates similar revenue for 2023; the report said that according to the bankruptcy filing, that amount would be enough to run Metropolitan profitably.
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World: Barley crop estimate up 0.2 mln tonnes this month
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RMI Analytics’ world barley production estimate for 2023/24 is increased by 0.2 mln tonnes to 140.7 mln with the northern hemisphere harvest finalized.
The minor
...More info on site
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India: United Breweries’ Q3 results show net profit decline about 20%
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Beer maker United Breweries announced its July-September quarter results for fiscal 2023-24 (Q2FY24), reporting a decline of around 20 per cent in consolidated net
...More info on site
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World: Global grains production forecast cut on lower than expected corn and barley harvests
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The forecast for global grains production in the current 2023-24 season has been lowered on poor corn and barley harvests, the International Grains Council
...More info on site
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EU & UK: Barley crop estimate unchanged at 54.65 mln tonnes
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The final EU + UK situation is unchanged, with a barley crop at 54.65 mln tonnes, RMI Analytics said in their latest report.
Within this
...More info on site
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Nigeria: Guinness Nigeria commits to local market, looking to increase capital investments
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Chief Executive Officer, Guinness Nigeria Plc, John Musunga, has again reiterated that the company has no plan to leave the country and is rather
...More info on site
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World: Pernod Ricard expects higher sales this year despite tough first quarter
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French spirits maker Pernod Ricard on October 19 said it expected higher sales this year despite a tough first quarter, painting a positive picture
...More info on site
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Denmark & Russia: Russian court grants unspecified ‘interim measures’ as Baltika sues Carlsberg
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A court in St Petersburg has imposed unspecified "interim measures" against Carlsberg in favour of Baltika Breweries, court filings showed, after the Danish brewer
...More info on site
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Ukraine: 2023-34 grain export lagging behind so far
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Ukraine’s grain exports in the 2023-24 season so far have reached 7.8 million tonnes, compared to 11.5 million tonnes at roughly the same time last year, Reuters reported, citing data from the agriculture ministry.
The ministry said 1.05 million tonnes of grain were exported in the first 17 days of October. Ukraine exported 2.83 million tonnes from Oct. 1-21 a year ago.
Russia’s attacks on Ukraine’s agricultural infrastructure and ships since July have destroyed nearly 300,000 tonnes of grain.
The exported volume included 3.99 million tonnes of wheat, 3.04 million tonnes of corn and 654,000 tonnes of barley.
Russia quit the Black Sea Grain Initiative in July, and since then its military forces have hit six civilian ships and 150 port and grain facilities during 17 attacks, destroying crops headed for export, said Deputy Prime Minister Oleksandr Kubrakov. The initiative was brokered by the United Nations and Turkish government to get grain moving through the Black Sea region again following Russia’s invasion on Ukraine in February 2022.
Ukraine is expected to harvest 79 million tonnes of grain and oilseed in 2023, with 2023-24 exportable surplus totals of about 50 million tonnes.
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Australia: Grain Industry Association of Western Australia releases recommended barley varieties list for crop 2024-2025
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The Grain Industry Association of Western Australia has released the Western Australian Malt Barley Variety Receival Recommendations for the 2024-2025 harvest, RMI Analytics said in their latest report.
The annual recommendation list contains both a mix of well-established and new malting varieties, including: RGT Planet, Spartacus CL, Maximus CL, Bass, and Buff.
The Recommended List details the variety suitability for export and domestic markets (malting and feed/FAQ barley) served within each port zone.
As a primary exporter of both malt and barley, this Western Australia variety list is critical to end-users globally, the analysts said.
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