If you want to see this letter from our site, please follow this link. https://www.e-malt.com/Publications.asp?19244
E-Malt.com NewsLetter
Newsletter Summary

RombBullet Quote of the week
RombBullet Currency rates
RombBullet Brewers equities
RombBullet Industry news
RombBullet Graph of the week
RombBullet Table of the week
RombBullet Prices evolution
RombBullet Barley prices
RombBullet Theoretical malt prices
RombBullet Business history
RombBullet Agenda
RombBullet News articles






Last five graphs

Note: All graphs issued with e-malt.com newsletters are published in "Graph" section of e-malt.com site.



Last five tables

All e-malt.com tables are published in e-malt.com Statistics section. The Statistics section includes Barley statistics, Malt statistics and Beer statistics. The tables related to barley are published in Barley Statistics section, the tables related to malt in Malt Statistics section and the tables related to beer in Beer Statistics section.



Last five prices evolutions




Access to E-malt.com


Do you know
E-malt.com?

Dear E-malt Reader!

E-malt.com Newsletters Archive could be found directly on e-malt.com site. Browsing through our Newsletters Archive you may see all the issues you have missed. To this purpose you just have to login e-malt.com and click on Newsletters link in the menu. Reading our Newsletters you will be kept informed with the latest news and events regarding malting and beer world. You may also submit your own news, events or other information to the address info@e-malt.com!

You may find updated malt, barley and beer statistics on e-malt.com Statistics section. Just enter e-malt.com! Here you will find all tables issued with e-malt.com newsletters.

E-malt.com Agenda gives the possibility to keep you informed about the Events planned to be held in the whole world related to the brewing and malting industries. To this purpose you just have to login e-malt.com and click on Agenda link in the menu. Reading our Event Agenda you will find out about the future symposia, conferences and festivals related to malting and beer world. You may also submit your own events to the address info@e-malt.com

E-malt.com has Trading Online system. The system is to be used for malt/barley trading. One can register a malt/barley offer or a malt/barley request. The registering person could be as a seller/buyer or as an agent for seller/buyer. The User can see information about all active malt/barley offers & requests. If needed the system allows user to buy/sell malt/barley due to reasonable offers/requests. The way to do this is to confirm reasonable transaction. Trading Online rules are available through the Internet in the Trading Online as well as Tutorial (useful for persons who starts the system usage). To visit the E-malt Trading Online first go to the E-malt.com site, then click Trading Online link in the left menu of the e-malt.com home page. For more details please contact info@e-malt.com

Thank You!


E-malt.com Links!




Note

If you have any comments, questions, suggestions or remarks, you can send a mail to: info@e-malt.com. To submit your own news to our editorial team, email to: info@e-malt.com


If you have received this newsletter from a colleague, you can obtain your own subscription here! You are not registered yet? You may register here.


You may recommend our site to your friend by clicking here.


If you do not wish to receive our newsletter, please unsubscribe your e-mail address from our mailing list by sending us an e-mail info@e-malt.com. Please take into consideration your registration data.


 UNSUBSCRIBE YOUR E-MAIL 
from our mailing list.
  SEND A MAIL TO US  
   info@e-malt.com   

Please take into consideration your registration data.


E-Malt.com Newsletter 04b
January 25 - January 28, 2024


Quote of the Week

Losers quit when they fail. Winners fail until they succeed.
Robert T. Kiyosaki

             You are one of the 54,000 professionals of the brewing and malting industries from 195 countries receiving our free bi-weekly E-malt Newsletters published since 2001. You seem to be pleased by getting them as we have registered something like 3 mln readings.
             To keep the high level of this informative reservoir in both brewing and malting industries and in order to continue to improve it we have to request a small contribution for full access to E-malt.com information.
             The majority of our readers have responded positively thus giving us the possibility to keep developing this global informative reference.
             A one-year membership costs only 192,- Euros and gives you full access to both our Full Bi-weekly Newsletter and website www.e-malt.com.

             You can pay by credit/debit card or bank transfer (against invoice). Ordering is simple, use our online secure ordering system: click hereunder to begin - you can have access in just 5 minutes!

CLICK HEREUNDER TO SUBSCRIBE
One-year individual subscription: EUR223.00
Two-year individual subscription: EUR395.00
Save money when your colleagues join:

One-year group subscription for 2-5 members: EUR460.00
One-year group subscription for 6-10 members: EUR685.00
One-year group subscription for 11-20 members: EUR910.00
One-year group subscription for 21-50 members: EUR1,214.00
One-year group subscription for 51-100 members: EUR1,519.00
One-year group subscription for 101 and more members: EUR1,683.00

For a personal service contact our Membership staff :
Email : info@e-malt.com
Direct line : +32 (0)87 681381; Fax : +32 (0)87 352234
If calling, please note our office hours are 9am - 5pm (Belgium time)



Currency Rates


Base Currency: US Dollar
on January 26, 2024
Base Currency: Canadian Dollar
on January 26, 2024
      1 USD = 0.9202 EUR
1 USD = 0.7865 GBP
1 USD = 1.3504 CAD
1 USD = 1.5192 AUD
1 USD = 147.6460 JPY
1 USD = 4.9259 BRL
1 USD = 89.4112 RUB
1 USD = 7.0797 CNY
      1 CAD = 0.7404 USD
1 CAD = 0.5823 GBP
1 CAD = 0.6813 EUR
1 CAD = 1.1248 AUD
1 CAD = 109.3180 JPY
1 CAD = 3.6471 BRL
1 CAD = 66.2002 RUB
1 CAD = 5.2419 CNY

Currency Rates Chart


Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Brewery news USA, TX: Freetail Brewing Co. up for sale ...Click here
Brewery news USA, PA: Aldus Brewing Company announces grand opening of its new brewpub in York County ...Click here
Brewery news USA, MA: Voodoo Brewing to open franchised location in Boston this year ...Click here
Brewery news USA, WA: Penn Cove Brewing Company announces permanent closure ...Click here
Brewery news USA, NY: Water Street Brewing Co. about to shut down ...Click here
World News
Barley news World: 2023-24 barley production seen 3rd smallest in 10-year period ...Click here
Barley news EU: EU winter barley development looking good so far ...Click here
Brewery news Nigeria: Guinness Nigeria reports loss for year ended December 2023 ...Click here
Barley news Australia: Wheat and barley crops average in 2023/24 due to challenges of dryness ...Click here
Brewery news Zimbabwe: Delta Corporation sees surge in revenue in quarter to December 31 ...Click here
Barley news World: Global grain production to increase to new record in 2023-24, IGC says ...Click here
Whisky news Japan: Kirin expects to more than double exports of its whisky by 2025 ...Click here
Brewery news Japan & India: Suntory looking to invest ‘much more’ in India ...Click here
Brewery news Kenya: East African Breweries dismisses report on Tusker beer sale as ‘market speculation’ ...Click here
Graph of the Week


Table of the Week

UK Unroasted Malt Exports 1995 - 2024


Table of the week.

Prices Evolution

Prices evolution

Barley Prices



Theoretical Malt Prices



These Days in Business History


25 January
1853 - Basic financial disclosure becomes mandatory for all companies seeking to list their stock for trading on the New York Stock & Exchange Board
1919 - Founding of League of Nations
1959 - First transcontinental commercial jet flight (LA to NY for $301)

26 January
1871 - US income tax repealed
1886 - Karl Benz patents 1st auto with burning motor
1921 - Akio Morita, the co-founder of Sony Corp., is born in Nagoya, Japan

27 January
1880 - Thomas Edison patents electric incandescent lamp
1888 - National Geographic Society organizes
1926 - 1st public demonstration of television by John L Baird, London
2006 - Western Union discontinues its Telegram and Commercial Messaging services

28 January
1878 - 1st telephone exchange (New Haven, CT)
1878 - Yale Daily News published, 1st college daily newspaper
1998 - Michelangelo's "Christ & the Woman of Samaria", sold for $7.4 million


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)

More events are available on site e-malt.com

News Articles


Brewery news USA, TX: Freetail Brewing Co. up for sale
Freetail Brewing Co., San Antonio's second-largest brewery, is up for sale by the ownership group that's controlled the company since 2016, the San Antonio Current reported on January 22.

The 15-year-old business, which launched at North Loop 1604 and Northwest Military Highway with used brewing equipment and a wood-fired brick pizza oven, now includes two restaurant brewpubs, a production brewery and retail distribution in Texas and Colorado.

While Freetail hasn't made a public announcement about its status, a business broker posted the intent to sell on BizQuest, a website connecting buyers and sellers of companies. The brewery isn't named in the posting, but the detailed description can only fit Freetail. That includes mentioning the civic engagement of the brewery as "committed to reversing the extinction of bats."

The company is named for the Mexican Freetail bat found throughout South Texas and has donated proceeds to protecting the creatures.

Freetail officials could't be reached immediately for comment on the BizQuest listing.

A subsidiary of TETCO — a one-time oil and gas marketing firm run by family members of the late Tom E. Turner — took a controlling interest in Freetail in 2016. The TETCO unit infused a significant amount of capital into the brewer and also ...More info on site


Brewery news USA, PA: Aldus Brewing Company announces grand opening of its new brewpub in York County
Hanover, PA brewery recently announced the grand opening of their long-awaited brewpub in York County, the Yahoo News reported on January 22.

abc27 news reported back in August of 2023 when the Aldus Brewing Company, which is owned and operated by Jason and Kate Mininger, first announced that they would be opening a new brewpub on 13 Center Square.

The new brewpub is called The Dolphin & Anchor Pub, and it is going to occupy a 5,000-square-foot building, which is also known to be the third oldest building in all of Hanover. According to Jason, this new larger space is going to be capable of seating approximately 100 guests at a time.

According to a recent Facebook post, the Aldus Brewing Company will officially be shutting down its original brewpub at 55 Centennial Avenue, after one final ‘night party’ on Wednesday, January 31.

Following the original location’s closure, it will become Aldus Brewing Company’s full-time production facility.

The new Dolphin & Anchor Pub’s grand opening is scheduled for Friday, February 2.


Brewery news USA, MA: Voodoo Brewing to open franchised location in Boston this year
A group of brewpubs based in Pennsylvania is going to be expanding to Massachusetts, NBC Boston reported on January 24.

According to a press release, Voodoo Brewing Co. is planning to open a franchised location in Boston later this year, which will be its first outlet in Massachusetts, and the upcoming brewpub will offer beer, cocktails and hard seltzers along with a food menu that includes items "tailored to local tastes."

Voodoo Brewing Co. first started out in Meadville (which is where its headquarters are today) and currently has outlets in Pennsylvania, Ohio, North Carolina, South Carolina, Texas, Colorado, and Nevada.


Brewery news USA, WA: Penn Cove Brewing Company announces permanent closure
Penn Cove Brewing Company, a local brewery with two locations on Whidbey Island and one in Lake Stevens, has closed its doors permanently, the Everett Herald reported on January 22.

As of Monday, January 22, all three locations had shut down, Penn Cove announced on January 20 on its social media channels.

“After much consideration and a thorough evaluation of our financial situation, we have had to make the difficult decision to cease operations,” read the statement, signed by Penn Cove CEO Marc Aparicio. “The decision to close has been a painful one, and we want to take a moment to express our gratitude for the memories, friendships, and moments we have shared together.”

Aparicio and his brother Mitch started Penn Cove in 2015, opening breweries and taprooms in Coupeville and Freeland in 2020 and 2021.

Their first venture on the mainland, a taproom and brewery in Lake Stevens, opened in July 2023.

Penn Cove’s owners could not be immediately reached for further comment.


Brewery news USA, NY: Water Street Brewing Co. about to shut down
More than a decade after it launched operations, Binghamton's oldest brewpub is about to shut down, WNBF reported on January 22.

Kristin Andrascik, owner of Water Street Brewing Co., said the business will be closing soon.

Water Street Brewing was launched by John and Michele Bleichert in 2011. Andrascik, who was a long-time employee, acquired the business in 2019.

Loyal customers filtered into the brewpub at 168 Water Street on Monday and learned that the place would soon become history.

Andrascik told WNBF News that the move to close had been in the works for quite a while. Business was down last year, especially during the summer when many of Water Street Brewing's patrons are busy with other activities.

She had been hoping business would start to pick up in the fall but that didn't happen. She noted the ongoing parking problems since the demolition of the old Water Street garage were a factor in the downturn.

Andrascik made the tough decision to close the brewpub in recent days as it became clear the business was no longer sustainable.

Andrascik said the last beer has been brewed at Water Street - Golden Goat, a double New England-style IPA. It will be released on Wednesday.

An official closing date ...More info on site


Barley newsWorld: 2023-24 barley production seen 3rd smallest in 10-year period
World barley production forecast at 142.6 mln tonnes is the 3rd smallest production in 10 years and leaves the forecast of the ending stocks ...More info on site


Barley newsEU: EU winter barley development looking good so far
At a quiet time in the crop cycle, the analysts are keeping an eye on winter barley development which looks good so far, although ...More info on site


Brewery newsNigeria: Guinness Nigeria reports loss for year ended December 2023
Foreign exchange expenses eroded the operating profit of Guinness Nigeria Plc for the year ended December 2023, resulting in N5.233bn loss, the Punch Newspapers ...More info on site


Barley newsAustralia: Wheat and barley crops average in 2023/24 due to challenges of dryness
Australian wheat and barley came away with average crops for 2023/24, as the threat of dryness caused by an El Niño posed a major ...More info on site


Brewery newsZimbabwe: Delta Corporation sees surge in revenue in quarter to December 31
Delta Corporation reported a 19 percent surge in revenue in US dollar terms for the quarter ended December 31, 2023, compared to the same ...More info on site


Barley news World: Global grain production to increase to new record in 2023-24, IGC says
Global grain production is expected to reach a record 2.307 billion tonnes in 2023-24, mostly due to a solid rebound in corn output, the International Grains Council (IGC) said at its 59th council session convened in New Orleans, Louisiana, US, on Jan. 24.

The meeting was chaired by Anita Katial, USDA’s Agricultural Counselor for the United Kingdom and Republic of Ireland, US Embassy London.

Grain production will increase 2% year-over-year, the IGC said, as will consumption at 2.314 billion tonnes.

Global inventories may contract 1% to 590 million tonnes for a seventh consecutive drawdown. World trade is expected to drop 3% to 415 million tonnes, with smaller wheat, corn and barley shipments.

Amid lower prices and less-than-ideal sowing weather in some countries, the IGC noted that global wheat harvested area was predicted to drop by 1% in 2024-25. While rapeseed/canola plantings were likely to contract, they would remain well above average.

Tied to prospects for a rebound in Argentina, global soybean production in 2023-24 was seen at a record of 392 million tonnes, a 6% year-over-year gain. Also linked to gains in Argentina, consumption was pegged at a peak, while aggregate inventories were set to climb for a second successive year, including accumulation in key ...More info on site


Whisky news Japan: Kirin expects to more than double exports of its whisky by 2025
A Japanese whisky "renaissance" will help Kirin Holdings more than double exports of its premium brand by 2025, the company's master blender was quoted as saying by Reuters on January 24.

Japan had fewer than 10 distilleries for most of its whisky history, which hit the century mark last year. But that number shot past 100 in the past few years as new entrants sought to take advantage of huge global demand and eye-watering prices.

"I really believe that we are in the midst of a Japanese whisky renaissance," said Jota Tanaka, who leads Kirin's whisky business. "There are some fantastic companies with great ambition and technical skill being born."

For much of its history, Japanese whisky was seen as an imitation of scotch and produced mostly for domestic consumption. But from about 2008, bottles from Suntory Holdings and the Nikka brand owned by Asahi Group Holdings, opens new tab started to rack up international awards, sparking a boom in global demand that drank dry the supply of aged stock.

Kirin's Fuji Gotemba Distillery, which sits at the foot of Japan's sacred mountain, celebrated its 50th anniversary last year, but Kirin remains a distant third in Japan's whisky market behind Suntory and Asahi. All ...More info on site


Brewery news Japan & India: Suntory looking to invest ‘much more’ in India
Japanese multinational Suntory is looking to invest “much more” in India, chief executive Takeshi Niinami has said, while taking a cautious stance on business in China, The Drinks Business reported on January 25.

Suntory is looking to expand its drinks and nutrition businesses in India with local partners, Niinami said in an interview. The multinational brewer and distiller is looking to invest “much more” in the India market its chief executive said, and is eyeing possibilities both for building new factories and for acquiring existing businesses.

“Both are very feasible, but the key thing is how to locate a good, worthy local partner,” he said. “That’s very important.”

He acknowledged that while China is still an attractive market, spy laws recently used to detain foreign workers have raised alarm bells for businesses.

Niinami said that considering the current climate in China, he could not justify sending in international staff for an investment push. “We are willing, but there is a hampering factor that is the espionage act,” he said in an interview last week at the Reuters Global Markets Forum (GMF) in Davos.

China’s spy agency, the Ministry of State Security (MSS), is pursuing a more public and political role, releasing its first advert to ...More info on site


Brewery news Kenya: East African Breweries dismisses report on Tusker beer sale as ‘market speculation’
East African Breweries (EABL), the Kenyan unit of Diageo Plc, on January 26 dismissed a media report that its parent company wants to sell the Tusker beer brand as part of broader cuts, Reuters reported.

U.S. news outlet Axios reported last month that Diageo was looking to sell Tusker along with other beer brands including Ireland-based Smithwick's, Kilkenny and Harp Lager, saying they were a margin drag on the rest of the business.

But in an interview with Reuters EABL CEO Jane Karuku denied the brand would be sold. "Those are market speculations," she said, declining to comment further.

There was no immediate comment from Diageo on the other brands that were reported as being considered for sale.

EABL, which is the market leader in Kenya, including with whiskey brands like Johnnie Walker, posted net sales value growth for its first half to the end of December.

But its margins were compressed by higher costs of production and financing, after the Kenyan shilling, the currency of its biggest market, weakened, and interest rates rose.

EABL would focus on improving margins in the second half to cushion the company's performance, Karuku said.


Copyright © E-Malt s.a. 2024