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E-Malt.com Newsletter 02b
January 11 - January 14, 2024
Quote of the Week
Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence.
Helen Keller
Currency Rates
Base Currency: US Dollar
on January 12, 2024 |
Base Currency: Canadian Dollar
on January 12, 2024 |
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1 USD = 0.9115 EUR
1 USD = 0.7842 GBP
1 USD = 1.3383 CAD
1 USD = 1.4930 AUD
1 USD = 145.5430 JPY
1 USD = 4.8835 BRL
1 USD = 89.2944 RUB
1 USD = 7.0994 CNY
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1 CAD = 0.7471 USD
1 CAD = 0.5859 GBP
1 CAD = 0.6810 EUR
1 CAD = 1.1155 AUD
1 CAD = 108.7400 JPY
1 CAD = 3.6486 BRL
1 CAD = 66.7149 RUB
1 CAD = 5.3042 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Increased barley crop forecast now absorbed within market, analysts say
...Click here
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USA, FL: Hyperion Brewing Company to close before April
...Click here
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USA, NY: New K2 Brothers Brewing location opens in Rochester’s Freewill Elementary School
...Click here
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USA, WI: Nebraska’s Pals Brewing Company expanding to Wisconsin
...Click here
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USA, TX: Beerburg Brewing to close for good on January 20
...Click here
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Canada, BC: Chemainus’ Riot Brewing Co. closes its doors for good
...Click here
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World: Beer industry should prove resilient through supply chain challenges, AB InBev CEO says
...Click here
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EU & UK: Malting barley premium remains extremely wide in crop 2023 but crop 2024 sees dramatic reduction
...Click here
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Sri Lanka: Distilleries Company acquires Heineken’s Lankan business
...Click here
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The Czech Republic: Budějovický Budvar brews record volume in 2023, expects record sales too
...Click here
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Thailand: ThaiBev revamps management to boost operating efficiencies
...Click here
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France: Beam Suntory France officially begins operations
...Click here
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Graph of the Week
Table of the Week
World Hop Alpha Supply and Demand
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
11 January
1757 - Alexander Hamilton, future U.S. Secretary of the Treasury and founder of the American financial system, is born on the Caribbean island of Nevis
1759 - 1st American life insurance company incorporated, Philadelphia
1873 - 1st livestock market newspaper published, Drover's Journal, Chicago
12 January
1914 - Henry Ford announces that he will share the Ford Motor Co.'s profits with its workers by raising wages from $2.34 for a nine-hour day to $5.00 for an eight-hour day
1970 - Boeing 747 makes its maiden voyage
1975 - Chrysler Corp offers 1st car rebates
13 January
1785 - John Walter publishes 1st issue of London Times
1942 - Henry Ford patents a method of constructing plastic auto bodies
14 January
1914 - Henry Ford introduces assembly line, for T-Fords
1935 - Oil pipeline Iraq-Mediterranean goes into use
1985 - British pound (£) sinks to record low-$1.11
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:
05 - 08: The 12th RMI Conference (Rome, Italy)
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)
17 - 20: World Brewing Congress 2024 (Minneapolis, Minnesota)
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)
28 - 31: China Brew 2024 China Beverage 2024 (Shanghai, China)
November 2024:
26 - 28: Brau Beviale 2024 (Nuremberg, Germany)
News Articles
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Canada: Increased barley crop forecast now absorbed within market, analysts say
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In December, the increase in Canada barley crop forecast to 8.85 mln tonnes was established and this better yield result has now been absorbed
...More info on site
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USA, FL: Hyperion Brewing Company to close before April
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The Hyperion Brewing Company will no longer serve brews for the Springfield community after it officially closes its doors before April, the company announced in a Facebook post, Jacksonville Today reported.
The brewing company, which has been open for 6½ years, said it made the difficult decision to not renew its lease and close as the Hyperion family wants to head in a different direction.
The last day to enjoy the brews and create lasting memories will be March 31. Official plans haven’t been announced, but the company said it will have a blowout celebration before the final goodbye.
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USA, NY: New K2 Brothers Brewing location opens in Rochester’s Freewill Elementary School
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The first time Cathy Contino walked through the doors of the Freewill Elementary School, the national voting age had been lowered from 21 to 18 and the rock band Led Zeppelin was about to release the album that contained the song "Stairway to Heaven," which would come to be the slow dance number of school dances for many years to come, the Democrat and Chronicle reported.
1971 - what a year, and what a different time for the former elementary school teacher and 30 or so of her colleagues who helped open the Wayne County school.
Last weekend, Contino and several other teachers and staff walked through the doors once again, this time for the grand opening of Kyle and Brad Kennedy’s new K2 Brothers Brewing location, which is now open at the former school.
Why, the din in K2’s new tasting and dining area — the school's former cafetorium — almost approached the decibel levels of yesteryear, when excited tykes dug into the square pizzas at lunchtime on a Friday. The band thurlow. performed from the same stage where the fifth-grade band and musically inclined teachers once performed holiday concerts, and its '70s-esque light show was a bonus.
“I’m so proud of
...More info on site
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USA, WI: Nebraska’s Pals Brewing Company expanding to Wisconsin
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Pals Brewing Company has been providing an outlet for food, drinks, and entertainment for almost seven years.
The brewery opened up in late March of 2017 and has been growing since then with more food options, new drinks, and more nights for people to come out and have some fun. Now the party is getting ready to expand in Wisconsin. Pals Brewing Company will be expanding near Wisconsin Dells and for co-owner Paul Oettinger it’s a childhood dream come true, knopnews2.com reported on January 11.
“Three of the founding owners of Pals are from Wisconsin as most people know. We grew up in Wausau which is about an hour-and-a-half from Wisconsin Dells. We spent a lot of our childhood going to waterparks, it’s a resort town, and there are some major resorts with major indoor waterparks, the largest outdoor waterpark in the country I believe is in Wisconsin Dells and it’s a tourist trap. There are about 200,000 visitors a week in the summer so there are a lot of thirsty people,” Oettinger said.
With Pals opening in another state, people in western Nebraska may wonder when is Pals going to open another location in Nebraska. That can only be answered with time.
“We
...More info on site
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USA, TX: Beerburg Brewing to close for good on January 20
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Another Central Texas brewery is closing. This time, it is Hill Country brewpub Beerburg Brewing, which will have its last day of service at 13476 Fitzhugh Road on Saturday, January 20, the Eater Austin reported on January 12.
Owner and founder Trevor Nearburg explained that the brewery has to close because of a bunch of reasons, according to the Instagram post published on January 11. “There’s not a single issue we can point to, but rather a confluence of social, cultural, and economic changes,” which made the brewery become “an unsustainable business.”
There will be a party during its last day, and the post teases discounts and special beers in the coming days. Eater has reached out for more information.
The production room brewed up a variety of brew styles, like the Mexican lager Paz, the East Coast hazy IPA Trail Driver, and the pilsner Pibble. Then there is its Wildcraft series, which made use of foraged ingredients such as Texas persimmons and honeycomb mushrooms.
The on-site restaurant had shifted focus through the years. It started off serving general beer-adjacent foods like cheese boards and sliders when it opened. Then it turned the kitchen into Mexican restaurant Taqueria la Violeta in April 2021, with
...More info on site
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Canada, BC: Chemainus’ Riot Brewing Co. closes its doors for good
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Wednesday, January 10th was the final ‘last call’ for Chemainus’ Riot Brewing Co, the Cowichan Valley Citizen reported.
The craft brewery in Chemainus Village Square has closed its doors for good, the victim of a variety of financial circumstances that are being felt by countless small businesses across the country. Riot’s C$40,000 repayment of a C$60,000 Canada Emergency Business Account loan it received following COVID was due Jan. 18 and compounded by its landlord only offering a minuscule amount of time from Saturday to Wednesday to pay its bills.
“We fell behind in rent,” said Ralf Rosenke, Riot’s co-owner along with Aly Tomlin.
The pair has been in difficult spots like this before since first conceiving the idea for the brewery in 2009 and then enduring many ups-and-downs before Riot Brewing Co. finally opened its doors in November 2016. Not the least of their extenuating circumstances was the windstorm of December 2018 that cut power to Chemainus for up to five days in places and hammered businesses for much longer to get back on track.
Many patrons who packed the place Tuesday and Wednesday once word leaked out that the brewery was closing felt like drowning their sorrows in their beer and the whole
...More info on site
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World: Beer industry should prove resilient through supply chain challenges, AB InBev CEO says
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The beer industry should prove resilient through looming supply chain challenges that look set to impact some markets, the chief executive of Budweiser owner
...More info on site
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World: Global barley prices weaker in early 2024
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The early start to 2024 is weaker for global barley prices, as the weight of southern hemisphere and a weak demand environment pressure prices,
...More info on site
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World: Diageo downgraded from ‘buy’ to ‘neutral’
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Diageo PLC, the spirits company, has been downgraded from a ‘buy’ to ‘neutral’ by analysts at the Bank of America, Proactive Investors reported on
...More info on site
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EU & UK: Malting barley premium remains extremely wide in crop 2023 but crop 2024 sees dramatic reduction
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French malting barley prices are mostly unchanged for crops 2023 and 2024, RMI Analytics said in their early January report.
While the malting premium remains
...More info on site
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Sri Lanka: Distilleries Company acquires Heineken’s Lankan business
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Business tycoon Harry Jayawardena-controlled Distilleries Company of Sri Lanka (DCSL) has acquired the local operations of global beer giant Heineken for Euro 12 million or over Rs. 4.2 billion, the Daily FT reported on January 12.
In a disclosure to the Colombo Stock Exchange, DCSL said it acquired 99.4% of the issued capital of Heineken Lanka Ltd., from Heineken Asia Pacific Pte. Ltd. (Heineken) for a total consideration of Euro 12 million. With this acquisition, Heineken Lanka Ltd., will change its name to DCSL Breweries Lanka Ltd. to reflect the new ownership.
The company will continue brewing beer under world-renowned international brands such as Heineken, Tiger, and Anchor under a Trademark Licence Agreement signed with the Heineken Company. It will also continue to brew its own brand, Bison beer.
“This acquisition and the continued production of world-renowned Heineken brands under license will ensure that consumers can continue to enjoy these brands,” DCSL said.
It also said the DCSL Group, a pioneer in the liquor industry in Sri Lanka with well over a century of producing quality products, will now add beer to its diverse product portfolio.
The impending deal was first announced by DCSL in November last year.
Fitch Ratings in November said Heineken
...More info on site
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The Czech Republic: Budějovický Budvar brews record volume in 2023, expects record sales too
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Budějovický Budvar brewed a record 1.865 million hectolitres of beer last year, up 4.3 percent year-on-year, the head of the brewery Petr Dvořák told the ctk news agency.
The brewery expects record sales of more than CZK 3 billion in 2023, Dvořák said.
This year, Budvar is planning to spend CZK 60 million to expand its capacity to gradually increase production to 2.1 million hectolitres.
In 2026, it plans to start upgrading its visitor center and grounds at a cost of hundreds of millions.
Budvar raised the price of its beers between 5 and 8 percent at the end of last year, and says it is not planning a further increase this year.
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Thailand: ThaiBev revamps management to boost operating efficiencies
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Thai Beverage—controlled by billionaire Charoen Sirivadhanabhakdi—has revamped its management to boost operating efficiencies as the maker of Chang beer expands across Southeast Asia, Forbes reported on January 11.
The company said it has named Thapana Sirivadhanabhakdi, son of ThaiBev’s founder and chairman, as group CEO and first vice chairman. Kosit Suksingha has been appointed president and chief operating officer overseeing the group’s Thai businesses, while Prapakon Thongtheppairot assumes the role of president and group chief operating officer managing international operations. Both executives will report to Thapana.
The changes, which will take effect on June 27, will help enhance operational synergies across its key Southeast Asia markets, comprising Thailand, Vietnam, Myanmar, Malaysia and Singapore, the Bangkok-based company said in a regulatory filing. The revamp will also “expedite business development and investment in new markets to support growth of our regional brand portfolio,” it added.
ThaiBev said it has also been leveraging technology to boost its competitiveness and operational efficiencies. “We deployed artificial intelligence and analytics in our value chain and analyzed data gathered to generate insights that helped enhance our distribution network,” Charoen, 79, said in the company’s latest annual report published earlier this week. “We also rolled out automation and robotics in production
...More info on site
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France: Beam Suntory France officially begins operations
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Beam Suntory France has officially begun operations and is directly responsible for the marketing and distribution of its portfolio in France.
According to the company, the establishment of Beam Suntory France will support its global strategic focus on building its premium portfolio and strengthen its position in the European market.
Anne Miller, general manager of Beam Suntory France, said: “We want to be the leader in premium whisky in France, and we are proud to be able to bring legendary brands like Yamazaki, Hibiki, Laphroaig, Bowmore and Maker’s Mark directly to our customers. We have built a strong, experienced team in Paris, and we are looking forward to building a successful premium business together.
“Paris is a global luxury capital and France is the leading whisky market in Europe. With direct control over our brands in our market, we’ll be able to bring even more value to our customers, operate with greater agility and direct market insights, and ultimately accelerate growth and build brand power in this important market.”
Beam Suntory France now comprises a team of approximately 30 people across sales, marketing, finance and supply chain.
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