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E-Malt.com Newsletter 51b
December 21 - December 24, 2023
Quote of the Week
I wish you a merry Christmas and a Happy New Year, with your pockets full of money, and your cellar full of beer.
Old English carol
Currency Rates
Base Currency: US Dollar
on December 22, 2023 |
Base Currency: Canadian Dollar
on December 22, 2023 |
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1 USD = 0.9114 EUR
1 USD = 0.7900 GBP
1 USD = 1.3328 CAD
1 USD = 1.4777 AUD
1 USD = 142.6840 JPY
1 USD = 4.8974 BRL
1 USD = 91.3920 RUB
1 USD = 7.1377 CNY
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1 CAD = 0.7502 USD
1 CAD = 0.5927 GBP
1 CAD = 0.6837 EUR
1 CAD = 1.1086 AUD
1 CAD = 107.0390 JPY
1 CAD = 3.6739 BRL
1 CAD = 68.5602 RUB
1 CAD = 5.3545 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Barley crop estimate raised to 8.85 mln tonnes
...Click here
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USA: Hop production for Idaho, Oregon, and Washington up 2% in 2023
...Click here
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Canada: Barley move into feed channels to be curtailed by large corn imports from the US
...Click here
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USA, PA: Snitz Creek Brewery preparing third location in Palmyra
...Click here
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USA, CA: Smudgepot Brewing Company launches in Redlands
...Click here
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USA, CO: Prost Brewing plans to begin production at new Denver location early next year
...Click here
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USA, OR: Lazy Days Brewing to take over Ex Novo Brewing’s two Oregon locations
...Click here
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USA, TX: Black Laboratory Brewing to cease production of beer, focus on seltzers
...Click here
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USA, MD: Mad Science Brewing Company to close following owners’ cancer diagnosis
...Click here
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USA, OH: Smokehouse Brewing Company closing after 25 years
...Click here
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EU: Barley crop forecast to increase to 56.1 mln tonnes in 2024
...Click here
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Australia: Barley harvest progress on the east coast continues to face delays
...Click here
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EU: Barley output should jump next year, analysts predict
...Click here
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Argentina: Barley crop forecast remains at 4.59 mln tonnes despite worrisome rains at the moment
...Click here
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Ethiopia: Ethiopia’s leading brewer BGI embarks on massive expansion
...Click here
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Nigeria: Nigerian Breweries shareholders approve acquisition of Distell Nigeria
...Click here
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Chile: Chilean craft brewers suing beer giant CCU for unfair trade practices
...Click here
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Denmark: Royal Unibrew acquires Danish beer brand Too Old To Die Young
...Click here
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Graph of the Week
Table of the Week
Latin America Beer Production by Country 2018 - 2022(s)
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
21 December
1879 - Theodore Limperg, business economist
1882 - 1st string of Christmas tree lights created by Thomas Edison
1913 - 1st crossword puzzle (with 32 clues) printed in New York World
1937 - 1st feature-length color & sound cartoon premieres (Snow White)
22 December
1877 - "American Bicycling Journal" begins publishing (Boston, Mass)
1910 - US postal savings stamps 1st issued
1973 - Meeting in Tehran, the oil ministers of OPEC's six Persian Gulf member countries announce that they will unilaterally raise the price of crude oil to $7 per barrel. In two-and-a-half months, OPEC has raised the price of oil by 128%
23 December
1834 - Thomas R Malthus, English vicar/economist is born
1919 - Alice H Parker patents gas heating furnace
1922 - BBC Radio began daily newscasts
1973 - 6 Persian Gulf nations double their oil prices
24 December
1851 - US Library of Congress catches fire; 35,000 books burn
1893 - Henry Ford completes his 1st useful gas motor
1922 - BBC sends 1st British radio play "Truth about Father Christmas"
1979 - The first European Ariane rocket is launched
Agenda
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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Canada: Barley crop estimate raised to 8.85 mln tonnes
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RMI Analytics’ barley crop estimate 2023-24 for Canada is raised to 8.85 mln tonnes on the back of a large increase in the StatsCan
...More info on site
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USA: Hop production for Idaho, Oregon, and Washington up 2% in 2023
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Hop production for Idaho, Oregon, and Washington in 2023 totaled 104 million pounds, up 2 percent from the 2022 crop of 102 million pounds,
...More info on site
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Canada: Barley move into feed channels to be curtailed by large corn imports from the US
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Canada’s larger barley crop in 2023/24 should see more of the grain move into feed channels than the year before, but domestic usage will remain curtailed by large corn imports from the United States, Canadian Cattlemen reported on December 22.
Recently revised supply/demand tables from Agriculture and Agri-Food Canada raised the forecast for domestic barley usage in the current crop year to 6.155 million tonnes. That compares with an earlier forecast of 5.471 million tonnes. If realized, that would be up by roughly 200,000 tonnes from the previous year.
Meanwhile, AAFC lowered their estimate for corn imports to 2.500 million tonnes from an earlier forecast of 2.800 million tonnes. That would still be up from the 2.147 million tonnes imported in 2022/23, but well below the record 6.141 million tonnes of corn imported in 2021/22 when Canadian feed supplies were decimated by drought.
Prior to the drought year Canadian corn imports had rarely topped two million tonnes, with a five-year average of about 1.7 million tonnes annually from 2016/17 through 2020/21.
U.S. Department of Agriculture export data for the week ended Dec. 14 shows that Canada has already imported 375,900 tonnes of U.S. corn during the marketing year that began Sept. 1. That compares
...More info on site
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USA, PA: Snitz Creek Brewery preparing third location in Palmyra
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LebTown dropped in last week at what will soon be the third location of Snitz Creek Brewery, LebTown reported on December 21.
The bar and restaurant located at 2701 Horseshoe Pike (Route 322), at Leed’s Corner on the east end of Campbelltown, once housed the Mount Gretna Craft Brewery, which closed in February.
The Funck family, proprietors of 11 other Central Pennsylvania drinking and dining establishments, purchased the building along with the brewing equipment.
Co-owner Alan Funck said he and his team hope to open before year’s end.
No major changes to the interior layout are anticipated, Funck said, although the large corner fireplace will be fully functional.
The Palmyra Brewery, as Snitz Creek’s web page describes it, will brew beer on site, the same as the original Snitz location in downtown Lebanon. Funck said it has slightly more brewing capacity than the Lebanon location.
Funck said that initially the same crew of brewers will make beer at Lebanon and Palmyra.
Beer is not brewed at Snitz’s Fort Indiantown Gap outpost, but trucked in from Lebanon.
Funck said Snitz Palmyra will feature pizzas, “something we don’t do at our other restaurants.” The 15 or so beer offerings will initially be the same as at the other locations, but
...More info on site
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USA, CA: Smudgepot Brewing Company launches in Redlands
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Redlands’ fifth brewery has opened, Redlands Daily Facts reported on December 20.
The long-anticipated Smudgepot Brewing Company is at 2025 W. Park Ave., Unit 3.
The brewery is open with limited hours during its soft opening phase.
This weekend, the brewery is expected to be open 5 p.m. to 9 p.m. Friday, Dec. 22; noon to 5 p.m. Saturday, Dec. 23; and closed for Christmas Eve.
The brewery is planning to expand hours post-holiday and host a grand opening toward the end of January.
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USA, CO: Prost Brewing plans to begin production at new Denver location early next year
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Prost Brewing's much-anticipated new Northglenn Biergarten will welcome its first guests during a soft opening that kicks off on December 20. The grand opening is set for Thursday, January 4, 2024, Denver Westword reported on December 20.
The 10,000-square-foot public-facing space is part of the larger 60,000-square-foot production headquarters that was announced in June of 2022. The brewery specializes in German-inspired beers and will also serve traditional German food.
"Hospitality was the driving force behind this biergarten," president David Deline says in a press release. "Our vision is a space that is welcoming and accessible for the community to get an authentic taste of Germany right here in Colorado."
Prost plans to begin producing beer at the facility early next year, with a state-of-the-art Kaspar Schulz brew system imported from Bamberg, Germany. The brewery has primarily been contract-brewing its beers at Avery Brewing in Boulder.
It is hoping to ride on the success of its Highlands Ranch Biergarten, a space that has a similarly expansive patio, draft beer and a German food menu.
Prost is receiving roughly $6 million in support and incentives for the project from the landlord, Hutensky Capital Partners, as well as the Northglenn Urban Renewal Authority, the Northglenn City Council and
...More info on site
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USA, OR: Lazy Days Brewing to take over Ex Novo Brewing’s two Oregon locations
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After months of not knowing the fate of Ex Novo Brewing’s two Oregon locations, a new company has announced the purchase of those pubs and has started to rebrand them, Willamette Week reported on December 20.
Lazy Days Brewing, a startup formed by four longtime friends, officially took over the Ex Novo flagship at 2326 N Flint Ave. in Portland and the Beaverton pizzeria at 4505 SW Watson Ave. on Dec. 20. The transition got underway with the reopening of the kitchen at the former location and the release of the aptly named “Turning Point Lager”—a beer the new owners collaborated on with Ex Novo.
In March, Ex Novo founder Joel Gregory shocked many in the local beer community by stating that he would be pulling out of Oregon to focus on the brewery’s operations in New Mexico—his home state where he had returned to in recent years. After several months on the market, it was unclear what would ultimately happen to the businesses.
Now we know that the pubs will live on as Lazy Days under the ownership of Ryan Still, Kyle Boylan, Jake Elder and Doug Kutela. The latter two have experience in the brewing industry—Elder worked in beer production at
...More info on site
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USA, TX: Black Laboratory Brewing to cease production of beer, focus on seltzers
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A popular brewery on the Eastside of San Antonio has announced that it will cease production of its staple product.
Maybe it's a sign of the times that Black Laboratory Brewing will no longer brew beer in-house. The brewery and neighborhood hangout has become known for beers like the Bindi Blonde Ale and the Lab IPA, but the business says it will shift focus from beer to seltzers.
"As of January 1st, we will no longer be brewing out own beer and will only be brewing seltzer-based beverages. We will still have craft beer available alongside out house brewed seltzers as we will be bringing in outside beers from some of our favorite local and non-local breweries," Black Laboratory stated in an Instagram post from Tuesday, December 19.
Popular special brews from Black Lab, like the Puro San Antonio and Leprechaun Blood, will still be included in the brewery's offerings, but they'll be made with a seltzer base.
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USA, MD: Mad Science Brewing Company to close following owners’ cancer diagnosis
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A popular farm brewery in Frederick County, Maryland, will have its final toast this weekend after the owner’s cancer diagnosis, NBC Washington reported on December 21.
“We’re looking to do a big blowout, get rid of my inventory,” said Brian Roberts, owner of Mad Science Brewing Company in Adamstown. “Everything’s $10, four-pack or six-pack, doesn’t matter the beer. Just need it gone.”
He needs it gone because Saturday, December 23 will be his last day.
First diagnosed in 2021, Roberts had been in the clear, but a scan last summer showed the cancer came back, and it’s not responding to treatment.
“At that point, I decided I really didn’t want to work seven days a week, or continue to work seven days a week, with whatever time I had left,” he said.
His wife, Louisa, posted on social media announcing the cancer and Saturday’s celebration. She wants the community to support her husband, and they want to thank the community.
“It’s the best thing,” she said. “We can’t rely on our friends forever, and he needs to enjoy what time he has left.”
They don’t want to focus on the sadness of what the future might bring. Roberts has an extremely positive attitude. He’ll participate in some
...More info on site
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USA, OH: Smokehouse Brewing Company closing after 25 years
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Smokehouse Brewing Company in Grandview Heights is closing after 25 years, the restaurant announced on December 20.
"It is after much consideration and with deep regret that we inform you that we are permanently closing. Our last day will be January 2," Smokehouse said in a social media post.
The company first opened as Barley's Smokehouse & Brewpub in August 1998, according to its website.
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World: Global beer consumption up 2.9% in 2022
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Kirin Holdings Company, Limited has published the Global Beer Consumption Report for 2022 which summarizes the details of global beer consumption in 170 major
...More info on site
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EU: Barley crop forecast to increase to 56.1 mln tonnes in 2024
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In its first forecast for the 2024 season, COCERAL, a European association that focuses on agricultural trade, projected the total grain crop in the
...More info on site
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Australia: Barley harvest progress on the east coast continues to face delays
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Barley harvest progress on the east coast continued to face delays over the past two weeks. However, there is a clearing pattern in the
...More info on site
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EU: Barley output should jump next year, analysts predict
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European Union soft wheat production should fall next year, due mainly to wet weather in France, while barley output should jump, buoyed by a
...More info on site
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Argentina: Barley crop forecast remains at 4.59 mln tonnes despite worrisome rains at the moment
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Considerable rainfall continues to fall across Brazil, Uruguay, and Argentina. This is worrisome as harvest has begun and heavy rain on a mature barley
...More info on site
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Ethiopia: Ethiopia’s leading brewer BGI embarks on massive expansion
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BGI-Ethiopia, the leading brewery in Ethiopia, has embarked on massive expansion launching its VISION 2028, which aims to transform the company and secure its market leadership, New Business Ethiopia reported on December 20.
The company is set to invest heavily in its operations, production network, and distribution model. This investment plan involves increasing production capacity and relocating the historic Addis Ababa plant to its two breweries in Sebeta and Maichew.
“The investment is one of the major projects we are running to make our company operationally more competitive and continue to provide the best products to our consumers,” said Herve Milhade at the press conference given on December 20 at Sheraton Addis Hotel.
BGI-Ethiopia’s strategic transformation came following the continued environmental changes in the Ethiopian market, the entire industry competitiveness, and the willingness to speed the company’s growth and improve its organizational engagement and mindset.
The transformation is believed to bring a full-fledged change to the company’s operations and the way it does business. “Our vision is to double our production capacity in the coming years and bring our volume close to 10 million hl annually,” said Milhade.
“To reach this new ambition we will invest in our people, our products, our operations, our consumers,
...More info on site
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Nigeria: Nigerian Breweries shareholders approve acquisition of Distell Nigeria
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Shareholders of Nigerian Breweries Plc, Nigeria’s foremost brewing company, have approved the acquisition of an 80 per cent stake in Distell Wines and Spirits Nigeria Limited (Distell Nigeria) and the import business of Heineken Beverages (Holdings) Limited (Heineken Beverages), Tribune Online reported on December 21.
The approval was given at the company’s Extraordinary General Meeting (EGM) held on Wednesday, December 20, 2023, at the Oriental Hotel, Lagos.
With this development, the Board will proceed to conclude the transaction that will give Nigerian Breweries Plc the majority stake in Distell Nigeria and the exclusive right to import, market, and distribute in Nigeria, Heineken Beverages’ wines, spirits, and ciders brands from South Africa, including the right to produce any of the imported brands locally.
Speaking during the Extraordinary General Meeting, the Board Chairman, Asue Ighodalo, explained that the acquisition aligns with the company’s vision to become a Total Beverage Company, by adding wines and spirits to the product portfolio to cater to its diverse consumer needs.
“This acquisition is part of efforts to provide access to a complementary multi-category portfolio of fast-growing brands of wines and spirits market segment and capture significant growth opportunities in the wines and spirits segment of the brewing industry,” Ighodalo stated.
The
...More info on site
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Chile: Chilean craft brewers suing beer giant CCU for unfair trade practices
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Craft beer-makers in Chile are joining an antitrust suit against Latin American beverage giant Cia. Cervecerias Unidas SA in a bid to eliminate trade practices they say are stifling sales at bars and restaurants, BNN Bloomberg reported on December 21.
The South American country’s antitrust tribunal accepted a petition by the association of independent brewers, ACI, to join a case brought by competition authority FNE, court documents show. In a parallel case, a unit of Belgium’s Anheuser-Busch InBev is also suing CCU, part of a long-running legal battle between the two heavyweights in Latin America.
Chile’s independent beer-makers represented by ACI allege that market leader CCU, controlled by the country’s richest family, engages in publicity arrangements with restaurants and bars that restrict access to competing labels. Craft sales have stagnated at about 1% of the Chilean beer market as a result, they say. Santiago-based CCU didn’t provide a comment.
“Consumers should have access to different types of beers, beers of high quality,” ACI President Luis de Urruticoechea said in an interview. “Today, we are just 1% of the market. Imagine the additional sales if that were to rise to 5%, or 20% as is the case in the US.”
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Denmark: Royal Unibrew acquires Danish beer brand Too Old To Die Young
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Royal Unibrew has strengthened its domestic beer presence with the acquisition of Danish beer brand Too Old To Die Young, local media reported on December 21.
The Nordic beverage group has been distributing Too Old To Die Young’s beer portfolio, available in the on-premise in Denmark, since April 2022.
The deal, for an undisclosed sum, will see Royal Unibrew take over production, sales and marketing of the brand from its founders as well as rights to the brand from nightlife conglomerate Rekom Group.
Too Old To Die Young’s founders will join Royal Unibrew and “continue to contribute their expertise”, the company said in a statement.
Faxe, Denmark-headquartered Royal Unibrew said Too Old To Die Young was “a strong and exciting brand with significant potential”.
A spokesperson said: “We see strength in expanding our craft beer portfolio and allowing each of our brands to play its role for the benefit of our customers and consumers, providing them with more choices… With Too Old To Die Young, we are now even stronger in the premium craft segment.”
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