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E-Malt.com Newsletter 46a
November 13 - November 15, 2023
Quote of the Week
The pessimist sees difficulty in every opportunity. The optimist sees opportunity in every difficulty.
Winston Churchill
Currency Rates
Base Currency: US Dollar
on November 15, 2023 |
Base Currency: Canadian Dollar
on November 15, 2023 |
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1 USD = 0.9282 EUR
1 USD = 0.8085 GBP
1 USD = 1.3770 CAD
1 USD = 1.5563 AUD
1 USD = 151.2010 JPY
1 USD = 4.8862 BRL
1 USD = 91.1387 RUB
1 USD = 7.2757 CNY
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1 CAD = 0.7261 USD
1 CAD = 0.5871 GBP
1 CAD = 0.6739 EUR
1 CAD = 1.1301 AUD
1 CAD = 109.7880 JPY
1 CAD = 3.5479 BRL
1 CAD = 66.1767 RUB
1 CAD = 5.2830 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada, ON: Labatt invests in London brewery to expand capacity
...Click here
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USA, AL: Fairhope Brewing Co.’s Wingman Brewing to open in Mobile sooner than announced
...Click here
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USA, FL: Popular brewpub Brewer's Pizza to close permanently this week
...Click here
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USA, MN: St Paul’s Clutch Brewing Company to shut down at the end of the year
...Click here
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USA, WI: UpDraft Brewery shuts down after just three months in business
...Click here
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USA, VA: Castleburg Brewery and Taproom closing its doors in Richmond
...Click here
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USA, IL: Bearded Owl Brewing announces final day on December 30
...Click here
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USA, OH: Taft Brewing Company Ale House in Over-The-Rhine to close down on November 25
...Click here
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World: Diageo warns of slower than expected growth in first half of this year
...Click here
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World: Craft beer market forecast to grow despite current difficulties
...Click here
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Japan: Asahi to postpone opening of new brewery in Japan due to soaring construction costs
...Click here
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Japan & China: Suntory continues to aim for expansion in China despite geopolitical risks
...Click here
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World: Barley production forecast slightly higher at 140.8 mln tonnes
...Click here
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Australia: Increase in barley receipts boost production forecast to 11.19 mln tonnes
...Click here
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South Africa: Delta to commission new sorghum beer plant in South Africa
...Click here
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South Korea: HiteJinro to release a limited Christmas edition of its Kelly beer
...Click here
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Graph of the Week
Table of the Week
Slovenia Hops Area, Yields, and Production 2020-2022
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
13 November
1851 - Telegraph connection between London-Paris linked
1893 - Edward A Doisy Sr is born, U.S. bio-chemist, Vitamin K1, Nobel 1943
1910 - 1st modern elastic brassiere patented by Mary Phelps Jacob
14 November
1494 - Corporate balance sheets and income statements can trace their heritage to this day, as the first edition of Luca Pacioli's Summa de Arithmetica, Geometria, Proportioni et Proportionalita is printed in Venice
1957 - OPEC (Organization of Petroleum Exporting Countries), forms
1985 - Brewers release 39-year-old pitcher Rollie Fingers
1994 - 1st trains for public run in English Channel Tunnel
2008 - The first G-20 economic summit opens in Washington, D.C
15 November
1904 - King C Gillette patents Gillette razor blade
1971 - Intel advertises 4004-processor
Agenda
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 - 23: InnBrew 2024 (Barcelona, Spain)
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)
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, ON: Labatt invests in London brewery to expand capacity
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A week after four large beer tanks made the journey from Sarnia to London, Ontario on Tuesday, November 14 Labatt announced a C$26.6 million investment in the London brewery, CTV News London reported.
According to a press release, Labatt Breweries of Canada is expanding production capacity of its London brewery by investing C$26.6 million to fund the addition of a new four-tank fermenting cellar and two new packers.
According to the company, this investment is part of Labatt’s “ongoing commitment to invest in sustainable solutions, evolve consumer demand and prepare its breweries for future growth.”
The company added that this week’s announcement will build on the brewery’s C$52.6 million investment in line upgrades, enhancements and sustainable innovations in 2021.
C$13.5 million of the investment will go towards funding the four new tanks for the brewery’s fermentation cellar, which will increase the capacity of the London facility by 597,000 hectoliters per year—equivalent to 4 new tanks.
“Our London brewery is the largest in Labatt’s network, brewing over 40 per cent of the beer we brew for Canadians, and this significant investment boosts the facility’s production capacity and sustainability performance,” said Jeff Ryan, VP legal and corporate affairs, Labatt Breweries of Canada.
In addition, C$13.09 million will fund
...More info on site
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USA, AL: Fairhope Brewing Co.’s Wingman Brewing to open in Mobile sooner than announced
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Fairhope Brewing Co.’s new Mobile venture, Wingman Brewing Co., will open much sooner than previously announced. In fact, operators plan to open the taps at noon Saturday, Nov. 18, AL.com reported.
Fairhope Brewing announced the venture in late September, and at that time projected an opening in early 2024. Wingman will operate at 656 St. Louis St., formerly the home of Old Majestic Brewing.
“We are thrilled to introduce Wingman Brewing Company to the Downtown Mobile community,” Brian Kane, managing partner of Fairhope Brewing Co., said in an announcement issued by the 10-year-old company. “This expansion not only allows us to showcase our established favorites but also brings a new dimension to our offerings by focusing on cutting-edge flavors and styles. We challenged our head brewer, Jacob Sellers, to test the limits at this new location, and we expect him to rise to the occasion.”
According to Fairhope Brewing, opening day at Wingman will feature 14 brews on tap. “Guests will find Fairhope favorites like Pink Delicious, a pink lemonade seltzer, as well as new styles brewed exclusively for the Wingman location, like a Moscow Mule-inspired seltzer and a brand new, triple dry-hopped Bankhead IPA.”
The latest announcement reiterated the point that Wingman won’t
...More info on site
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USA, FL: Popular brewpub Brewer's Pizza to close permanently this week
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After 14 years of serving up artisan beers and hand-crafted pizzas, a popular Jacksonville-area brewpub plans to close permanently this week, Jacksonville.com reported on November 13.
Brewer's Pizza in Orange Park, the home of Pinglehead Brewing Company, announced on social media on November 13 that it is shuttering its doors.
"We will be closed Monday and Tuesday, November 13 and 14, and will be open for beer only Wednesday through Sunday from 3pm-9pm," the microbrewery posted on its Facebook home page.
Taylor Rayburn, general manager, told the Times-Union that the brewpub "no longer was financially sustainable." Brewer's Pizza was hard hit by the COVID-19 pandemic and never recovered, he said.
Rayburn, who's worked at the brewpub 11 years, said they had tried to avoid closing as long as possible but the bottom line was undeniable.
"We tried offering special events, deals and things like that to remind people that we are part of the neighborhood, were open for business, were very happy to serve them and that we have good products. But it just wasn't enough. The bills kept piling up and the sales kept slowly trending down," Rayburn said.
Brewer's Pizza joins the list of Jacksonville-area restaurants and brewpubs shuttering their doors this year. Among
...More info on site
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USA, MN: St Paul’s Clutch Brewing Company to shut down at the end of the year
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One of the primary tenants at St. Paul’s Keg & Case Market is shutting down at the end of the year, KSTP reported on November 10.
Clutch Brewing Company shared the news in a social media post on November 9, thanking its customers for their support over the years.
The brewery has been in business since 2018 but staff members say it’s no longer sustainable to operate.
In the meantime, the brewery encouraged beer-lovers to stop by before the end of the year and “help us go out the right way: with a craft beer in hand and good times shared with friends and family.”
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USA, WI: UpDraft Brewery shuts down after just three months in business
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A new brewery in Platteville has announced it is closing after being in business for just three months, the Telegraph Herald reported on November 11.
UpDraft Brewery, which opened in mid-August, officially closed on November 9 after the business failed to generate enough sales, said owner John Patakos.
“We weren’t getting the sales that we needed to stay afloat,” Patakos said. “We didn’t get as much support as we would have liked.”
The brewery, which was located at 45 S. Chestnut St., opened after nine months of building renovations. Despite positive feedback from customers, Patakos said the business failed to generate an adequate number of sales.
Patakos said he has not determined what will happen with the brewery but said he has received calls from people interested in purchasing the building, the brewing equipment or both.
Eight people were employed at the brewery at the time of its closing.
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USA, VA: Castleburg Brewery and Taproom closing its doors in Richmond
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Another Richmond brewery is closing its doors, the Richmond BizSense reported on November 13.
Castleburg Brewery and Taproom is preparing to cease operations next month at 1626 Ownby Lane after nearly eight years in business.
Owner Karl Homburg said rising costs, namely rent, led him to the decision to close. He said he was set to renew Castleburg’s lease at the end of the year when he got a notice that his rent would be going up 80 percent.
“The costs have gone up considerably on things like freight and the cost of goods,” Homburg said. “The big one that broke my back has been rent.”
Castlesburg is one of the region’s smaller breweries, operating in about 4,200 square feet in a strip center down the road from Hardywood Park Craft Brewery’s original location.
Castleburg built its brand on flagship beers like its Bishop’s Brown Ale and eponymous Cream Ale, and though it leaned primarily on taproom sales, it also had a limited distribution network throughout the Richmond and Eastern Virginia regions.
The brewery’s building is owned by an entity tied to downtown firm Crenshaw-Singleton Properties, which couldn’t be reached for comment. Other tenants in the strip center include a Sherwin-Williams
...More info on site
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USA, IL: Bearded Owl Brewing announces final day on December 30
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In downtown Peoria, Bearded Owl Brewing announced its final day will be on Dec. 30, the Peoria Journal Star reported on November 12.
"Holiday season at the Owl is always special, and we want to be able to share it with you one last time," the business wrote on social media. "Cheers to you and thanks for your continued support!"
Bearded Owl Brewing opened in January of 2018 and sells a variety of handcrafted beers. The business − which announced its imminent closure in early October − said it has received "humbling" and "outstanding" support from the community over the past month.
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USA, CA: Riley's Brew Pub closes its doors
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A popular Clovis brewery announced it has closed its doors on November 13, ABC30 reported.
"Now, I have to figure out where I'm gonna eat for dinner tonight," said Clovis resident, Ralph Watkins.
He was one of several customers surprised to see Riley's Brew Pub is permanently closed.
Watkins said he was a regular since the restaurant opened.
"It's different. It's not like everything else. It's not fast food, it's not like a coffee shop. They had great food and they had great service," said Watkins.
The owners of Riley's made the sudden announcement online on November 13.
Action News spoke to co-owner Michael Shirinian after the announcement.
He said he was under the impression there would be more development in the area when they went into business.
He was hoping to connect the pub to Harlan Ranch and says when development stalled, it had a major impact on sales.
"It's a sad day because we love our clientele out there and our staff was dynamite so you know, if sales would of grown and development would of been there, you know, we would probably still be there," said Shirinian.
Many employees are devastated by the news. One staff member who did not want to appear on camera said he's
...More info on site
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USA, OH: Taft Brewing Company Ale House in Over-The-Rhine to close down on November 25
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The Taft Brewing Company Ale House in Over-The-Rhine will be closing, company officials say.
The Ale House, which opened eight years ago, was the company’s flagship location. The company announced the closure on November 13.
Its final day of operation will be Saturday, Nov. 25.
“Ownership has self-sustained daily operations of Taft’s Ale House for the past couple of years,” the company said in a press release. “The pandemic, a significant decline in tourism and large increases in material goods costs have contributed greatly to the shutdown. But ultimately, Taft’s could not indemnify for the significant loss in sales since COVID-19 began.”
The company said it gave employees at the Over-The-Rhine location advance notice of the closure and was hoping to relocate them to Brewporium locations as well as reaching out to help them find employment at other businesses in the area.
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World: Diageo warns of slower than expected growth in first half of this year
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Spirits and beer giant Diageo PLC saw billions wiped off its market value on November 10 after it warned that a sharp slowdown in
...More info on site
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World: Craft beer market forecast to grow despite current difficulties
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A recent market research outlined an interesting growth potential for the global craft brewing industry, from a current retail value of EUR97 bln to
...More info on site
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Japan: Asahi to postpone opening of new brewery in Japan due to soaring construction costs
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Asahi Group Holdings will postpone the opening of a new beverage factory in Japan by three years to 2029, the maker of Super Dry
...More info on site
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Japan & China: Suntory continues to aim for expansion in China despite geopolitical risks
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Japanese beverage maker Suntory continues to aim for expansion in China, although it acknowledges geopolitical risks, Nikkei Asia reported on November 11.
The Chinese market
...More info on site
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World: Barley production forecast slightly higher at 140.8 mln tonnes
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World barley production forecast for 2023-24 is slightly higher in RMI Analytics’ early November report, at 140.8 mln tonnes, up 0.3 mln from the
...More info on site
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Australia: Increase in barley receipts boost production forecast to 11.19 mln tonnes
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Barley harvest is progressing in Australia into more southern growing regions under mostly good conditions and a mostly clear forecast for the next weeks,
...More info on site
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Ukraine: January-October beer output up 9.3%
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Ukraine’s January-October beer production increased by 9.3% year-on-year to 11.45 mln hl, trade association Ukrpivo reported on November 14.
The association does not include the
...More info on site
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South Africa: Delta to commission new sorghum beer plant in South Africa
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Zimbabwe Stock Exchange (ZSE) listed beverages maker Delta will commission a new Chibuku Super plant for its South African subsidiary, United National Breweries, during the fourth quarter of this year, The Herald reported on November 14.
The beverages giant indicated optimism on the strong demand for the sorghum beer segment South of Limpopo River with the product now available in formal retail chains, albeit the challenging environment characterised by power outages, weakening Rand, and low disposable incomes.
However, there were delays in the delivery of machinery for the plant, which the group now anticipates receiving soon and commencing production in the fourth quarter.
“There was a delay in the shipment of the equipment for the local production of Chibuku Super, which is now rescheduled to the fourth quarter,” said the group in a performance update for the half year to September 30, 2023.
Figures from Delta show that United National Breweries South Africa recorded a volume growth of 2 percent in the second quarter and is flat on prior year for the six months.
“The uptake of Chibuku Super is promising, which is supported by the entry into a number of formal retail chains,” said Delta.
According to the group, South Africans consumed 779 000 hectolitres
...More info on site
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South Korea: HiteJinro to release a limited Christmas edition of its Kelly beer
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South Korea’s top liquor maker HiteJinro Co. will release a limited Christmas edition of its beer brand Kelly to liven up the atmosphere at year-end holiday gatherings, the company said on November 13.
HiteJinro explained that the latest edition features a design that combines characters symbolizing Christmas and winter with a Nordic Danish touch.
The Kelly Christmas edition comes in canned beer (463 ml) and bottled beer (500 ml) and will be available at major supermarkets and other alcoholic beverage outlets such as restaurants and bars nationwide from Tuesday. For bottled beer products, this is the company’s the first Christmas edition in five years since the release of Hite Extra Cold in 2018.
To commemorate the release of the Christmas edition, HiteJinro plans to sell special promotional items, including specially designed glasses.
More than 200 million bottles of Kelly have been sold since its launch in April. 2022
With the launch of Kelly’s latest edition, HiteJinro aims to strengthen its strategy to capture the upcoming year-end liquor market.
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