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E-Malt.com Newsletter 04a
January 22 - January 24, 2024
Quote of the Week
Losers quit when they fail. Winners fail until they succeed.
Robert T. Kiyosaki
Currency Rates
Base Currency: US Dollar
on January 24, 2024 |
Base Currency: Canadian Dollar
on January 24, 2024 |
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1 USD = 0.9199 EUR
1 USD = 0.7871 GBP
1 USD = 1.3472 CAD
1 USD = 1.5188 AUD
1 USD = 148.1060 JPY
1 USD = 4.9755 BRL
1 USD = 88.1744 RUB
1 USD = 7.0991 CNY
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1 CAD = 0.7422 USD
1 CAD = 0.5842 GBP
1 CAD = 0.6827 EUR
1 CAD = 1.1273 AUD
1 CAD = 109.9230 JPY
1 CAD = 3.6928 BRL
1 CAD = 65.4422 RUB
1 CAD = 5.2689 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: 2023-24 barley production estimated at 8.9 mln tonnes
...Click here
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USA, OR: Oregon craft brewing industry suffers one of its worst years in 2023
...Click here
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USA, WI: North Pillar Brewing Co to hold grand opening celebration on January 27
...Click here
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USA, CA: Anchor Brewing Company could soon be getting a new owner
...Click here
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USA, MA & NH: Wachusett Brewing Company reportedly purchased by Finestkind Brewing
...Click here
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USA: Paulaner USA announces record-breaking year for its core portfolio
...Click here
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USA, MI: Summerlands Brewing Company hoping to open in Hunt in March
...Click here
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USA, NY: Former Jamestown Brewing Company building to be sold to Wicked Warren’s
...Click here
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USA, NY: K2 Brothers Brewing acquires Canandaigua-based Young Lion Brewing brand
...Click here
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Belgium: After 13 closures, number of breweries totals 417 in 2023
...Click here
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Russia & Denmark: Russian court rules Carlsberg has no right to sell Baltika beer abroad
...Click here
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Australia: Australia’s beer prices set to soar next month
...Click here
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Australia: Australia poised to produce bigger crops after rains defy El Nino
...Click here
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Turkey: Small producers deem Turkey's planned alcohol deposit 'another nail in coffin'
...Click here
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The Czech Republic: Czech Pilsner Urquell beer sold more cheaply in Germany than in the Czech Republic
...Click here
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Graph of the Week
Table of the Week
UK Unroasted Malt Exports 1995 - 2024
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
22 January
1967 - The microwave oven is invented
1970 - 1st commercial Boeing 747 flight, New York to London in 6 hours
23 January
1849 - Patent granted for an envelope-making machine
1932 - The Reconstruction Finance Corp. is created under a law signed today by Pres. Herbert Hoover
1991 - World's largest oil spill, caused by embattled Iraqi forces in Kuwait
24 January
1902 - Denmark sells Virgin Islands to USA
1935 - 1st canned beer, "Krueger Cream Ale," is sold by Kruger Brewing Co
1984 - Apple Computer Inc unveil its Macintosh personal computer
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: 2023-24 barley production estimated at 8.9 mln tonnes
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For 2023-24, Canadian barley production is estimated by Statistics Canada (STC) at 8.9 million tonnes (Mt). This is down 11% year-over-year (y/y) and 4%
...More info on site
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USA, OR: Oregon craft brewing industry suffers one of its worst years in 2023
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Oregon’s storied craft brewing industry suffered one of its worst years in 2023, with depressed draft beer sales and rising costs creating more pressure than some of the state’s businesses could bear, the Oregon Public Broadcasting reported on January 20.
According to the Oregon Brewers Guild, Oregon is home to about 400 breweries, brewpubs and taprooms, which collectively provide 50,000 jobs and generate nearly $9 billion in economic output. But the state lost around 30 of those businesses last year, and even more have contracted or are seriously struggling.
“We are seeing national trends towards canned cocktails, Seltzers and more nonalcoholic beer options,” said Sonia Marie Leikam, the co-owner of Leikam Brewing and the vice president of the Oregon Brewers Guild. “Those make up now about a third of our sales. They are lower profit margins for us, and that impacts our bottom line.”
Leikam says that, like other small craft brewers, she works another job in addition to her time at the family brewery.
“We also are spending just a ton more time and energy creating events,” she said. “So we now have crafting classes and a book club and comedy nights. Really anything that the community wants, we offer our space for
...More info on site
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USA, WI: North Pillar Brewing Co to hold grand opening celebration on January 27
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Glasses will be filled with fresh brew during the grand opening celebration Saturday, January 27 for North Pillar Brewing Co.
The event will start at 11 a.m. and go until 10 p.m. Saturday, January 27 at its renovated historic building located at 212 E. North St., Waukesha.
"We couldn't be more excited to show off the transformation of this historic site and can't wait to start serving up some delicious beverages we've been brewing up here," reads a post on Facebook.
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USA, CA: Anchor Brewing Company could soon be getting a new owner
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San Francisco's historic Anchor Brewing Company could soon be getting a new owner, CBS News reported on January 22.
The 127-year-old brewery shut down and went up for sale in October for $40 million. And now, the brewery has multiple bids.
Spokesperson Sam Singer said they believe the finalists will be chosen by end of January and a "winner to purchase all or parts of Anchor Brewing Co. will be made in the first quarter of the year."
The closure of the brewery was due in part to the pandemic and its effect on sales.
"The pandemic struck a knife through the economic heart of Anchor from which it was unable to recover," Singer told KPIX.
Anchor Brewing Company's heritage goes back to the California Gold Rush, and on its final day of service, so many people showed up that the business had to turn people away.
"We hope that a new buyer or buyers will step forward and continue operating and selling Anchor for future generations of San Franciscans and Californians," Singer said.
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USA, MA & NH: Wachusett Brewing Company reportedly purchased by Finestkind Brewing
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Central Massachusetts legacy brewery Wachusett Brewing Company has reportedly been purchased by New Hampshire-based Finestkind Brewing, the Worcester Telegram reported on January 21.
Finestkind Brewing, the owners of Smuttynose Brewing Company in Hampton, is expanding its reach into Central Massachusetts and has no immediate plans to change Wachusett’s beer lineup, according to The Boston Globe.
Calls for comment from the Telegram & Gazette to Wachusett Brewing and Finestkind Brewing were not immediately returned.
Founded in 1994 at co-founder Ned LaFortune's family farm in Westminster, Wachusett Brewing has become a staple of the Central Massachusetts brewing scene.
Along with the Westminster brewery, Wachusett has a brew yard at the Worcester Public Market in the Canal District.
The company opened a larger brewhouse at its Westminster location in 2015 and announced it would be an anchor tenant for the Public Market in 2019.
Wachusett's beer line includes the well-known blueberry ale and Wally Juice IPA. The company serves multiple beers year round as well as several seasonal beers; the lineup largely consists of varieties of ale.
Steve Kierstead, Smuttynose’s CEO, said in an interview with the Globe that Wachusett's commitment to quality aligned with Smuttynose's values and that its leading role in the fruit beer category would help diversify
...More info on site
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USA: Paulaner USA announces record-breaking year for its core portfolio
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Paulaner USA, the exclusive US importer of the legendary Paulaner and Tsingtao brands has announced a record-breaking year for its core portfolio and continuing growth in its Allied Brands, Hacker Pschorr and Fuller’s English beers, the Wine Business reported on January 22.
Shipments to wholesalers for Paulaner Brand Family rose +11%, with depletions up +12% indicating increasing demand for the leading premium German import. Tsingtao, the #1 Chinese imported beer in the US, saw shipments to wholesalers grow +23%, with depletions up +25%. Hacker Pschorr shipments were +3% and depletions +2%, while the Fuller’s portfolio, paced by London Pride’s reputation as the preeminent English Ale, increased +10% on a shipment basis.
“The performance of our portfolio in context of the overall beer market trends in 2023 are testimony to the quality of our products, the dedication of our sales team and the commitment of our wholesalers to the strategic direction we have established for our business,” said Steve Hauser, President and CEO of Paulaner USA.
“2023 saw continued growth in both retail distribution and brand sales velocity as our local teams worked with their wholesalers to drive new opportunities in the marketplace. Working together we expanded our off-premise chain store distribution in the
...More info on site
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USA, MI: Summerlands Brewing Company hoping to open in Hunt in March
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Brian Hunt spent years dreaming of opening his own brewery before deciding to make it happen after a serious health battle, the Lansing State Journal reported on January 21.
The Mason resident and father of six, who is legally blind, was already brewing beer from his kitchen in 2016 when doctors found a large, benign brain tumor that was crushing his brain stem. His brewing hobby was a constant for the next few years, as he underwent two surgeries and then radiation treatment to remove the growth.
Hunt lost all hearing in his left ear and learned that sometimes you shouldn't wait to pursue a dream.
"Getting through all of that, you know, you always have the long-term plans, what I wanted to do when I retire ... and I learned you don't always get to wait," Hunt, 49, said. "You don't always know what's going to happen."
In early 2020, just before COVID-19 arrived in Michigan, Hunt and fellow hobby brewer and co-worker Joe Prevo started planning to open their own brewery. The pair, both programmers at Jackson National Life, have spent the last three years laying the groundwork for Summerlands Brewing Company.
They hope to open the brewery and bar March 15 in
...More info on site
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USA, NY: Former Jamestown Brewing Company building to be sold to Wicked Warren’s
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The former Jamestown Brewing Company building has been saved from foreclosure and will be sold to the owner of Wicked Warren’s, the Post Journal reported on January 23.
At its meeting on January 23, the county Industrial Development Agency board approved a $950,000 low-interest loan to Wicked Jimmy’s LLC to support the purchase of property at 115-121 W. Third St., Jamestown, the site of the former Jamestown Brewing Company building. The building had been the subject of a foreclosure action by Evans Bank.
If the project comes to fruition, Wicked Jimmy’s will be the LLC operating the business as Wicked Warren’s.
“It’s great to see the further expansion of our beverage and service industry in Chautauqua County, especially by a team with a proven track record. Once open, the Wicked Warren’s Jamestown location will help to encourage both area residents and out of town visitors to come to the downtown,” said County Executive Paul “PJ” Wendel.
It will be operated by Robert Roth, who is also majority owner of the initial Wicked Warren’s, already in operation in Warren. Roth will serve as president of the Jamestown operation and has 27 years of experience running his own business. In addition, the proposed Jamestown business will
...More info on site
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USA: AB InBev lays off workers in the US
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Anheuser-Busch InBev said it laid off an unspecified number of workers in its US sales division as part of the world’s biggest brewing company’s strategy of focusing on its largest brands, BNN Bloomberg reported on January 23.
“On January 12, we announced updates to our U.S. sales team structure that will simplify our organization and bring even more focus behind our Mega Brand strategy,” the company said in an emailed response to questions from Bloomberg News. This will drive “increased collaboration with our wholesaler partners and retailer customers.”
It didn’t disclose further details.
Last year, the company said it would trim less than 2% of its US workforce, or about 350 jobs, after an online promotion featuring a transgender influencer sparked a conservative backlash that damaged sales.
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USA, NY: K2 Brothers Brewing acquires Canandaigua-based Young Lion Brewing brand
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K2 Brothers Brewing earlier this month opened a huge second location in Wayne County, the Democrat and Chronicle reported on January 23.
Now, the brewery owned by brothers Kyle and Bradley Kennedy has purchased the Canandaigua-based Young Lion Brewing brand. The move comes months after the Other Half Brewing, which has a location in East Bloomfield, purchased the Young Lion brewing facility and lakefront taproom on Lakeshore Drive in Canandaigua.
"The Young Lion brand has had a positive and unique impact on Western and Central New York's craft beer industry,” said Bradley Kennedy, who is president of K2 Brothers, in a statement. “It was a natural fit for K2 to become Young Lion's new home."
This strategic move solidifies a longstanding relationship between K2 Brothers and Young Lion, which dates to at least 2019, two years after both the Young Lion Brewing Co. under owner Jennifer Newman and K2 Brothers opened.
Within the first two years, K2 outgrew its brewing capacity at the original Empire Boulevard location in Penfield and began contracting a few of its flagship beers at Young Lion in October 2019, Newman said.
In May 2023, K2 acquired the former Freewill Elementary School in Walworth to
...More info on site
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Belgium: After 13 closures, number of breweries totals 417 in 2023
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War, rising production costs and a saturated market have led to 13 Belgian breweries closing down in 2023. Have the 20 or so microbreweries
...More info on site
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Russia & Denmark: Russian court rules Carlsberg has no right to sell Baltika beer abroad
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Carlsberg has no right to sell the beer brand of its former local partner in some international markets, a Russian court has ruled, revoking
...More info on site
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Australia: Australia’s beer prices set to soar next month
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For those who have been considering reducing their beer consumption, now might be a good time to start. Inflation continues to hit the hop and is affecting the cost of beer in a big way. It’s anticipated that Australians may soon be paying A$15 for a pint, LAFM reported on January 19.
The beer industry is not happy, blaming increased taxes for the price hike. Starting next month, beer lovers will be hit with another cost-of-living blow as the tax on alcohol increases yet again.
Industry leaders are calling on the federal government to take action by freezing the tax and implementing urgent reforms to protect local manufacturing.
News.com reports that the beer tax will skyrocket to over A$60 per litre of pure alcohol due to indexation on February 1. CEO of the Brewers Association of Australia, John Preston, expressed concern over the negative impact this price increase will have on both brewers and beer enthusiasts.
“In many venues, people are already paying over A$15 for a pint. This is a significant amount considering the tightness of family budgets,” said Mr. Preston.
The excise on a pint will rise to about 90 cents, and the tax on a A$55 carton of beer will exceed A$20
...More info on site
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Australia: Australia poised to produce bigger crops after rains defy El Nino
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Australia is poised to produce much more wheat and other crops this year than previously thought after rainfall confounded expectations that an El Nino
...More info on site
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Turkey: Small producers deem Turkey's planned alcohol deposit 'another nail in coffin'
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Turkey's Agriculture Ministry plans to require alcohol producers to deposit 5 million to 50 million lira ($1.7 million) collateral to cover tax or administrative fines that they may face in the future. Small producers have stated that the new deposit scheme would make them vanish against the big producers, DuvarEnglish.com reported on January 18.
It took 15 years for Mustafa Çamlıca to earn international recognition for his wines, but he and many other small and medium sized Turkish producers fear a planned new financial burden could destroy livelihoods in a sector already facing daunting hurdles.
Under the rule of President Recep Tayyip Erdoğan's Islamist-rooted Justice and Development Party (AKP) for 21 years, alcoholic drinks makers in Turkey have faced an increasingly onerous tax burden and other restrictions, leaving the multi-billion dollar market stagnant.
Now small winemakers and breweries fear a planned financial collateral requirement will make it even harder for them to survive in the tough local market, and frustrating efforts to develop their unfulfilled export potential.
Producers already face obstacles such as a ban on online sales since 2011, a prohibition on marketing and restrictions on retail sales. Alcohol cannot be sold in close vicinity to public buildings or schools,
"After the ban on
...More info on site
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The Czech Republic: Czech Pilsner Urquell beer sold more cheaply in Germany than in the Czech Republic
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Pilsner Urquell is being sold significantly more cheaply in German supermarkets compared to the brewery’s native home of the Czech Republic, the Drinks Business reported on January 22.
According to reports via Novinky.cz, while Czech supermarkets are charging up to CZK40 for a half-litre can of Pilsner Urquell, the German retailer Kaufland offers it for €0.99 (CZK24.80 per half-litre). In a drill down into prices, a Czech expats site additionally highlighted how, despite this, Kaufland supermarkets in the Czech Republic still retailed half-litre cans of Pilsner Urquell for CZK37.90.
The price disparity has raised questions, considering the beer is brewed in the Czech Republic, and potentially incurs higher transportation costs when shipped to the German market and yet the price difference implies substantial savings for Czechs willing to cross the border, reportedly saving up to CZK300 on a carton of 24 cans.
Kaufland representatives told reporters that contract terms with suppliers are negotiated locally and are adapted to each of the specific market conditions for individual countries, with a focus on offering favourable prices within certain regions and noted that the pricing strategy adopted by German retailers, was to keep the cost of Pilsner Urquell under the €1 pricepoint.
According to Plzeňský Prazdroj spokesman
...More info on site
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