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E-Malt.com Newsletter 49b
December 07 - December 10, 2023
Quote of the Week
Success is stumbling from failure to failure with no loss of enthusiasm.
Winston Churchill
Currency Rates
Base Currency: US Dollar
on December 08, 2023 |
Base Currency: Canadian Dollar
on December 08, 2023 |
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1 USD = 0.9276 EUR
1 USD = 0.7953 GBP
1 USD = 1.3596 CAD
1 USD = 1.5217 AUD
1 USD = 145.1530 JPY
1 USD = 4.9022 BRL
1 USD = 92.6340 RUB
1 USD = 7.1420 CNY
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1 CAD = 0.7354 USD
1 CAD = 0.5848 GBP
1 CAD = 0.6822 EUR
1 CAD = 1.1191 AUD
1 CAD = 106.7440 JPY
1 CAD = 3.6050 BRL
1 CAD = 68.1220 RUB
1 CAD = 5.2522 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Domestic tax paid beer shipments down in January-October and October alone this year
...Click here
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USA, AZ: Perch Brewing Co. opens new Gilbert location
...Click here
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USA, AZ: Pinnacle Brewing should be open by April, owner says
...Click here
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USA, TX: Friends and Allies Brewing announces final call on December 9
...Click here
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Canada, ON: Still Fields Brewery ceasing operations soon
...Click here
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USA, CA: Bakersfield’s Great Change Brewing to close its doors by the end of this month
...Click here
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USA, SC: River Rat Brewery in Columbia to cease operations on December 30
...Click here
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USA, IL: Rock Island Brewing Company’s last day to be Sunday, December 17
...Click here
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Australia & China: China ships 314,000 tonnes of Australian barley since lifting import tariff
...Click here
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Vietnam & Thailand: Thai billionaire’s firm fetches $383 mln from Sabeco dividends over 6 years
...Click here
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France: Winter barley sowing 94% complete as of December 4
...Click here
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Ukraine: Barley crop estimate updated to 5.8 mln tonnes
...Click here
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Belgium & Germany: St. Bernardus and Weihenstephan to launch second edition of their collab beer in 2024
...Click here
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Graph of the Week
Table of the Week
World Barley Supply & Demand 2017 - 2024f
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
07 December
1877 - Thomas A Edison demonstrates the gramophone
1926 - Gas refrigerator patented
1941 - Japanese attack Pearl Harbor (a date that will live in infamy)
1945 - Microwave oven patented
08 December
1794 - 1st issue of Herald of Rutland, VT published
1863 - Abraham Lincoln announces plan for Reconstruction of South
1923 - Salary and price freeze in Germany
1993 - Dow-Jones hits record 3734.53
09 December
1793 - Noah Webster establishes New York's 1st daily newspaper, American Minerva
1843 - P Paul Leroy-Beaulieu French economist is born
1905 - French Assembly National votes for separation of church & state
1916 - P Paul Leroy-Beaulieu French economist (Economist France), dies at 73
1967 - Nicolae Ceausescu becomes President (dictator) of Romania
1968 - Doug Engelbart demonstrates first computer mouse at Stanford
10 December
1672 - New York Governor Lovelace announces monthly mail service between New York & Boston
1799 - Metric system established in France
1868 - The first traffic lights are installed, outside the Palace of Westminster in London
1901 - 1st Nobel Peace Prizes (to Jean Henri Dunant, Frederic Passy)
1915 - 10,000,000th model T Ford assembled
1930 - Clayton K Yeutter, US trade representative/Republican National chairman is born in Nebraska
1948 - UN General Assembly adopts Universal Declaration of Human Rights
1993 - Dow Jones hits record 3740.67
Agenda
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:
12 - 14: ExpoAntad 2024 (Guadalajara, Mexico)
13 - 15: 108 International Brewing & Engineering Congress 2024 (Groningen, the Netherlands)
13 - 14: BeerX 2024 (Liverpool, UK)
21 - 23: Warsaw Beer Festival 2024 (Warsaw, Poland)
22 - 24: Barcelona Beer Festival 2024 (Barcelona, Spain)
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)
27 - 28: Zythos Beer Festival 2024 (Kortrijk, Belgium)
May 2024:
14 - 16: International Beer Strategies Conference 2024 (Porto, Portugal)
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)
14 - 15: Tallinn Craft Beer Weekend 2024 (Tallinn, Estonia)
August 2024:
08 - 10: VIETFOOD & BEVERAGE - VIETNAM 2024 (Saigon Exhibitions and Conventions Center, 799 Nguyen Van Linh Street, District 7, HoChiMinh City, Vietnam)
23 - 24: Beervana 2024 (Wellington, New Zealand)
September 2024:
14 - 15: Bruges Beer Festival 2024 (Bruges, Belgium)
21 - 06 October: Oktoberfest 2024 (Munich, Germany)
October 2024:
03 - 04: Brew Asia 2024 (Suntec Convention & Exhibition Centre, Singapore)
News Articles
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USA: Domestic tax paid beer shipments down in January-October and October alone this year
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October domestic tax paid shipments from U.S. brewers were down -10.8% versus October 2022, to an estimated 11.35 million barrels, marking a loss of
...More info on site
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USA, IA: Big Grove Brewery getting even bigger
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Big Grove Brewery is getting even bigger, The Gazette reported on December 6.
After much anticipation, one of Iowa’s largest breweries is opening Iowa’s second largest city as it positions itself for more growth on the heels of a statewide craft brewing renaissance.
The brewery announced its Cedar Rapids location at 170 First St. SW will open on Dec. 14. The taproom will be Big Grove’s fourth, after Solon, Iowa City and Des Moines — making it one of the only breweries in Iowa with such a statewide presence.
This latest opening arrives to Kingston Village’s First and First West, an $81.5 million mixed-use development. The new site follows the brand’s expansion to Iowa City in 2017 and Des Moines in 2022.
The substantial growth with upcoming developments follows two years of peak production at Big Grove’s Iowa City brewery, where a capacity of more than 31,000 barrels has been working hard to supply a steady increase in demand.
Big Grove also is in the process of opening “The Hop Lot,” a new distribution center in Iowa City, by February. The conversion of a former Goodwill distribution center on Liberty Drive into a nearly 42,000-square-foot facility with a 68,000-barrel capacity will allow the brewery to
...More info on site
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USA, AZ: Perch Brewing Co. opens new Gilbert location
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Perch Brewing Co. opened Nov. 29 at 720 W. Ray Road, Gilbert, in the space formerly occupied by Flying Basset Brewing, the Daily Independent reported on December 5.
This is the second location for the brewery, which has one in Chandler known as Perch Pub Brewery.
It has craft beers, an elevated pub menu and a collection of rescue exotic birds.
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USA, AZ: Pinnacle Brewing should be open by April, owner says
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Pinnacle Brewing, a new Scottsdale brewery, should be open by April at The Corner Center at Hayden Road and 82nd Street, just east of Scottsdale Airport, owner Bob Wilson was quoted as saying by Mouth by Southwest on December 6.
Pinnacle will have a full kitchen and a covered patio, Wilson says.
Wilson’s son, Wyatt, will be the brewmaster. He has worked at Dust Bowl Brewing in Turlock, Calif., Monkless Belgian Ales in Bend, Ore., and Mash Lab Brewing in Windsor, Colo.
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USA, TX: Friends and Allies Brewing announces final call on December 9
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Friends and Allies Brewing announced a final call in an Instagram post this week after more than seven years as a player in the Austin craft brewing scene. In the Instagram post, the brewery — located at 979 Springdale Road, Suite 124 — said its final day will be on Saturday, December 9, the Austin American-Statesman reported on December 6.
“We are honored to have been part of the community for almost 8 years. Although it's a sad occasion, we would love to see everyone who has supported us for so long,” the post read, “Taproom and party starts at 12 p.m. and we'll go until the beer runs out. Thank you to everyone!”
Friends and Allies Brewing did not clarify why they were closing and have not responded to interview inquiries from the American-Statesman.
The closure of Friends and Allies Brewing is the latest in a spate of taproom closings that have accumulated in both the last few years and in recent months. Notable breweries that have closed recently include Oskar Blues, Adelbert’s Brewing and Circle Brewery.
Additionally, pandemic-related struggles hit the brewing industry and have been cited by many former breweries as contributing reasons for closing.
The emergence of hard seltzers and canned
...More info on site
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Canada, ON: Still Fields Brewery ceasing operations soon
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Just over two years after launching with a mission to craft “crafting creative, experimental, spontaneous and wild beer”, Still Fields Brewery has announced that it will soon be ceasing operations.
The closure was announced via the following statement posted on Instagram:
“With regret we notify you that we have decided to wind down beer production, and we will be ceasing on-site sales as of the end of the year. Remaining beer, if any, will continue to be sold on-line and through licensees. It has been an amazing 2+ years, and we are incredibly thankful for all the love and support everyone has shown us. Still Fields wouldn’t have grown to what it was without every single one of you.”
Still Fields was opened in October 2021 by Margaret Curtis, Steven Ormsby, and Owen and Jaclyn Roth, and specialized in farmhouse-style and barrel-aged beers.
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USA, CA: Bakersfield’s Great Change Brewing to close its doors by the end of this month
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Great Change Brewing in southwest Bakersfield will be closing its doors by the end of the month after five years of business, KBAK reported on December 5.
The brewing posted the announcement on their social media.
In a post, it said, “This is heartbreaking, please help us clear the beer and take advantage of sale prices on apparel, kegs and to-go beers.”
The post said they will be open as normal for the month of December and will offer specials and deals throughout the month.
Great Change Brewing is located at 4200 Resnik Court in Bakersfield.
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USA, SC: River Rat Brewery in Columbia to cease operations on December 30
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River Rat Brewery in Columbia has announced it will be closing at the end of the month, WLTX-TV reported on December 5.
The brewery announced the news on Facebook on December 5, saying that it was with a "heavy heart" that they would cease operations on December 30.
The business has been open for 10 years at its location on Shop Road just down from Williams-Brice Stadium.
In the post, the owners did not explain the reason for the closure but thanked everyone who had visited.
"RRB grew organically over these last 10 years and what a pleasure it was to serve the great community of Columbia and beyond," River Rat ownership wrote. "Friendships were made that will last a lifetime!"
"We grew into a place that has welcomed tens of thousands of visitors yearly from locals to visitors in our fine city. We are extremely humbled that so many embraced River Rat Brewery!"
"Though it is time to end this chapter we want to thank all who visited our establishment throughout these 10 years. The experiences we shared with our customers and employees will forever be in our hearts. "
The business said it would also be offering discounts on merchandise before they closed.
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USA, IL: Rock Island Brewing Company’s last day to be Sunday, December 17
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Terry Tilka, owner of Rock Island Brewing Company and staple of nightlife in the Quad Cities, is retiring after working 50 years in the bar, restaurant and nightclub business, WQAD reported on December 6.
“After plenty of discussions with family, friends, past and present employees, it’s time to call it a career,” Tilka said in a press release.
In addition to his departure, the Rock Island Brewing Company, also known as RIBCO, will be closing its doors. Tilka said in an email to News 8 that the business's last day will be Sunday, Dec. 17.
“It’s been an honor and a privilege to be a part of this community for over 50 years,” Tilka said in the release. “I’m proud of my children that I’ve raised here in the QC, I’m proud of the work we’ve done, and I’m proud of the music and entertainment we’ve brought to the area. Thank you for all of your support, and last but not least, I want to thank all of the people that I’ve worked with in this community, my employees both past and present, including all three of my children who have all worked for me at some point in their lives.”
Tilka's
...More info on site
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Australia & China: China ships 314,000 tonnes of Australian barley since lifting import tariff
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It’s news that will set the Aussie grains industry cheering, The West Australian reported on December 8.
China has publicly confirmed it has accepted Australian barley, likely to be made into beer, for the first time in three years.
The first shipment of Western Australia barley since the Asian powerhouse lifted its 80.5 per cent tariff left the Kwinana Grain terminal on August 29. It carried some 55,000 tonnes of Maximus malt barley bound for China.
Fresh data from China’s customs agency shows 314,000 tonnes of barley from Australia, valued at AU$139 million, has cleared customs between that first shipment in late August and the end of October. It’s the first time officials have confirmed that Australian barley has arrived in China in more than three years.
The country slapped the hefty tariffs on Australian barley imports in May 2020. Before then, the trade was worth almost AU$920 million a year. The vast majority of these exports came from Western Australia farmers.
Agriculture Minister Murray Watt said seeing “the return to business-as-usual trade in barley” after years of disruption was great.
“Better outcomes for farmers mean stronger regional communities, which is good for our country,” he said.
“Agricultural trade between
...More info on site
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Vietnam & Thailand: Thai billionaire’s firm fetches $383 mln from Sabeco dividends over 6 years
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Thai billionaire Charoen Sirivadhanabhakdi’s company has received a total of VND9.3 trillion ($383 million) in cash dividends from brewer Sabeco since its acquisition of the company in 2017, VnExpress.Net reported on December 7.
The Saigon Beer brewer is set to pay its shareholders a total of VND1.92 trillion in cash dividends this year.
Its biggest shareholder with a 53.6% stake, Viet Beverage – which is a subsidiary of Sirivadhanabhakdi’s Thai Beverage – will receive VND1.03 trillion.
This brings the total amount of cash dividend that Thai Beverage has received from Sabeco since 2017 to VND9.3 trillion.
The dividend alone is equivalent to 8.4% of Thai Beverage’s VND110 trillion investment in the company.
Sabeco has been paying its shareholders cash dividends regularly in recent years as it seeks to give shareholders a sustainable and increasing source of cash.
Thai Beverage CEO Thapana Sirivadhanabhakdi last year called Sabeco a "crown jewel" and a rare asset among all brewers in Southeast Asia.
Vietnam in 2021 was the biggest beer market in Southeast Asia and third biggest in Asia at $26 billion, behind China and Japan.
Sabeco, however, has seen post-tax profits plunge 26% year-on-year in the first nine months to VND3.3 trillion amid declining demand as Vietnam tightens anti drink-driving laws.
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France: Winter barley sowing 94% complete as of December 4
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French farmers had sown 89% of the expected soft wheat area for next year's harvest by 4 December, compared with 83% a week earlier, as a rain-delayed sowing campaign edged towards a close, data from farm office FranceAgriMer showed.
The soft wheat sowing pace lagged 99% progress a year earlier and a 96% average for the same period over the past five years, FranceAgriMer said in a cereal crop report.
France, the European Union's biggest grain producer, had record rainfall between mid-October and mid-November. While precipitation has since eased, regular showers have kept fields waterlogged in parts of western and northern France.
Soggy conditions have also affected the state of emerged crops. FranceAgriMer's rating of soft wheat crops dropped again, with 77% rated good or excellent by 4 December, against 80% the previous week.
The score was the lowest for the period since 2019, when heavy rain also disrupted autumn sowing and reduced the winter cereals harvest the following year.
The agriculture ministry is due to publish on Tuesday (12 December) a first estimate of the area sown with winter crops for the 2024 harvest.
Winter barley sowing was 94% complete by Monday, December 4, compared with 92% the previous week and a five-year average of
...More info on site
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Ukraine: Barley crop estimate updated to 5.8 mln tonnes
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Ukraine's farm ministry on December 8 raised its 2023 grain harvest forecast to 59.7 million metric tons, saying the country had achieved a record grain yield.
The total grain and oilseed harvest is expected to reach 81.3 million tonnes, the ministry said in a statement, compared to an October forecast of 79.1 million tonnes. The ministry said the grain yield increased to 54.7 centners per hectare (C/ha) in 2023, topping the 53.6 C/ha of 2021. A centner is equivalent to 100 kilograms.
According to updated estimates, the wheat harvest is expected at 22.2 million tonnes, barley at 5.8 million and corn at 30.1 million tonnes. The 2023 forecast for the sunflower seed harvest remained at 13 million tonnes and for soybeans at 4.6 million tonnes. Rapeseed harvesting has been completed at more than 4 million tonnes.
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Belgium & Germany: St. Bernardus and Weihenstephan to launch second edition of their collab beer in 2024
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The Bavarian State Brewery Weihenstephan and the St. Bernardus brewery from Belgium will launch the second edition of the Braupakt collab beer in 2024, Beer and Brewer reported on December 6.
Braupakt was first produced in 2018, a collaboration between Weihenstephan and Californian craft beer pioneers Sierra Nevada. Nearly six years later, the collab gets a sequel, a Blonde Ale that will be available in Australia from the middle of next year.
Made using hops from Belgium, Weihenstephan yeast, and Bavarian malt, the beer is brewed in accordance with the Purity Law of 1516. Spicy, with a characteristic yeast note, Braupakt 2024 is fruity and strong with an ABV of 6.5%.
The Weihenstephan and St. Bernardus breweries already have something in common. The faces of both breweries are monks, and the two historical figures appear on the beer’s label, which shows the two monks taking a first sip of the Blonde Ale.
Marcus Englet, Head of Export of the Weihenstephan brewery, is delighted with the result of the collaboration. “With Braupakt 2024, we have succeeded in creating a collaboration in a class of its own: a beer based on a Belgian style that was created not only with ingredients from both countries, but also
...More info on site
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