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E-Malt.com Newsletter 06a
February 05 - February 07, 2024
Quote of the Week
Man's way to God is with beer in hand.
Koffyar Tribal Wisdom, Nigeria
Currency Rates
Base Currency: US Dollar
on February 07, 2024 |
Base Currency: Canadian Dollar
on February 07, 2024 |
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1 USD = 0.9305 EUR
1 USD = 0.7957 GBP
1 USD = 1.3513 CAD
1 USD = 1.5368 AUD
1 USD = 148.3380 JPY
1 USD = 4.9727 BRL
1 USD = 90.7865 RUB
1 USD = 7.1009 CNY
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1 CAD = 0.7399 USD
1 CAD = 0.5887 GBP
1 CAD = 0.6885 EUR
1 CAD = 1.1371 AUD
1 CAD = 109.7590 JPY
1 CAD = 3.6794 BRL
1 CAD = 67.1752 RUB
1 CAD = 5.2542 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Spirits industry holds its market share edge over beer and wine in 2023
...Click here
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Canada: Barley exports face significant setback in H1 of crop year 2022-23
...Click here
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Canada: Barley prices slipping lower this crop year
...Click here
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USA, LA: Crying Eagle Brewing Company holds groundbreaking ceremony in Lake Charles
...Click here
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USA, IL: New brewery coming to downtown Rockford in 2025
...Click here
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USA, NY: Water Street Brewing Co. closes its doors in Binghamton
...Click here
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World: Carlsberg’s total revenue rises despite volume decline in Europe last year
...Click here
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World: Carlsberg raises its revenue and operating profit growth target for 2027
...Click here
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Europe: Diageo contributing over EUR13 bln and 200,000 jobs to Europe’s economy, report says
...Click here
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Malaysia: Carlsberg Brewery Malaysia Bhd attributes lower 2023 revenue to weak consumer sentiment
...Click here
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UK: Heineken UK launches new low-alcohol beer Foster’s Proper Shandy
...Click here
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Russia: Ministry of Agriculture announces new barley, wheat export duties
...Click here
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Turkey & Russia: Turkey and Russia to discuss new mechanism to allow Ukrainian grain exports through the Black Sea
...Click here
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Graph of the Week
Table of the Week
Australia Hops Area, Yields, and Production 2017-2023s
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
05 February
1817 - 1st US gas co incorporated, Baltimore (coal gas for street lights)
1850 - Adding machine employing depressible keys patented, New Paltz, NY
1878 - Andre-Gustave Citroen is born, France, auto maker
1997 - The so-called Big Three banks in Switzerland announce the creation of a $71 million fund to aid Holocaust survivors and their families
06 February
1953 - US controls on wages & some consumer goods were lifted
1964 - France & Great-Britain sign accord over building channel tunnel
1974 - Dutch speed limit set at 100 km due to oil crisis
07 February
1639 - Academie Francaise begins Dictionary of French Language
1804 - John Deere is born, pioneer manufacturer of agricultural implements
1935 - Monopoly, board game invented by Charles Darrow symbol Rich Uncle Pennybags
Agenda
February 2024:
09 - 12: HoReCa 2024 (Athens, Greece)
15 - 17: Great British Beer Festival Winter 2024 (Burton-on-Trent, UK)
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 - 24: St Malo Craft Beer Expo 2024 (St Malo, France)
22 - 23: InnBrew 2024 (Barcelona, Spain)
April 2024:
06 - 08: Planete Biere 2024 (Paris, France)
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:
12 - 14: Stockholm Beer & Whisky Festival 2024 (Stockholm, Sweden)
14 - 15: Bruges Beer Festival 2024 (Bruges, Belgium)
21 - 06 October: Oktoberfest 2024 (Munich, Germany)
28 - 30: Whisky Live Paris 2024 (Paris, France)
October 2024:
03 - 04: Brew Asia 2024 (Suntec Convention & Exhibition Centre, Singapore)
23 - 25: Drink Technology India 2024 (Bombay Exhibition Centre, Mumbai, India)
28 - 31: China Brew 2024 China Beverage 2024 (Shanghai, China)
November 2024:
22 - 22: Drink Japan 2024 (Makuhari Messe, Japan)
26 - 28: Brau Beviale 2024 (Nuremberg, Germany)
News Articles
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USA: Spirits industry holds its market share edge over beer and wine in 2023
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The spirits industry held its market share edge over beer and wine for the second straight year in 2023, even as it showed little
...More info on site
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Canada: Barley exports face significant setback in H1 of crop year 2022-23
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Canada, one of the world's leading barley exporters, has faced a significant setback in the first half of the 2022-23 crop year. As the
...More info on site
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Canada: Barley prices slipping lower this crop year
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Barley prices have been slipping lower during this crop year. Neil Blue, provincial crops market analyst, says the seasonal pattern of barley prices implies
...More info on site
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USA, LA: Crying Eagle Brewing Company holds groundbreaking ceremony in Lake Charles
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Something new is brewing on the Lake Charles Lakefront. An official groundbreaking took place on Thursday, January 11, at 901 Lakeshore Drive for Crying Eagle Brewing Company – Lakefront’s new restaurant and microbrewery. This will be a second location for Crying Eagle, representing a $12 million investment for the region.
The company’s founder and President, Eric Avery, was joined by public officials, his development team, employees, family and community leaders to celebrate the beginning of construction of this new destination attraction on the scenic lakefront.
“We are incredibly excited to mark the beginning of construction,” says Avery. “We first announced this project four years ago, never imagining it would take this long to get to this milestone, but we also could not have imagined the challenges we would face – and overcome—during that time. This groundbreaking is more than just a ceremony to celebrate the start of a construction project. It’s a testament of the and resilience of the Southwest Louisiana community. We are so proud to be a part of it and to begin this exciting new chapter in our city’s history.”
Avery gave special thanks to Lake Charles Mayor Nic Hunter and the city’s administrative team for working with
...More info on site
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USA, IL: New brewery coming to downtown Rockford in 2025
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They say some things are just meant to be.
That seemed to be the case last year, when Alex Blondin and his business partner were looking for a building in downtown Rockford to open a brew pub and restaurant, the Rockford Register Star reported on February 5.
Six months ago, Blondin, a Rockford native and graduate of Auburn High School, and partner, fellow Rockford native Jake Felckowski, had a certain downtown building in mind for Bent Oak Brewery — until they happened upon another vacant property on the corner North Madison and Market streets and knew it was the right spot.
"We thought it would be perfect for a brewery," Blondin said of the 7,000-square-foot building at 125 N. Madison St. "Everything would be all on one floor."
There was a potential issue though. The building was for lease. Blondin and Felckowski were looking to purchase. So they decided to call the owner, Rockford development company Joseph James Partners, and ask if President Peter Provenzano would be willing to sell. He was.
"After a few back-and-forths, we agreed on a number," Blondin said. "That's how we got the building."
Blondin, a certified public accountant who works directly for Beloit businesswoman Diane Hendricks, said he was certain
...More info on site
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USA, TX: 4J Brewing announces permanent closure
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4J Brewing, an all-female-owned brewery in the Spring Branch neighborhood of Houston, announced on February 1 that it had permanently closed. “We are retiring!” read the Facebook post, which also thanked customers for their patronage over a nearly six-year run, Chron reported.
The 4Js in the name are sisters Jackie, Jessica, Joanna and Jennifer Edwards. Their father Larry was a longtime homebrewer who got his daughters into the habit. When Jennifer was laid off, she announced her intentions to start her own brewery at the Spring Branch lot her family owned.
In 2018, her dream became a reality when 4J opened. Jennifer and her mother Marilyn launched the brewery.
Unlike most breweries with aims of mass distribution and constantly shifting taps, 4J was a refreshing alternative, offering a smaller selection of beers with a core four that remained the same: an amber, a blonde, an IPA and a stout. Bonus: The core-four beers were all easy drinking everyday options.
Because of its no-fuss beer, its homey and rustic indoor-outdoor digs and its family first vibe, 4J felt more like a neighbor’s backyard barbecue. For Spring Branch drinkers and plenty of Houston beer lovers, that made 4J a popular spot.
4J’s closing is the most
...More info on site
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USA, NY: Water Street Brewing Co. closes its doors in Binghamton
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Downtown Binghamton business Water Street Brewing Co. has closed its doors, PressConnects.com reported on February 5.
The brewery and restaurant was open for 12 years, according to a farewell message posted on the business' Facebook page in late January, in which the owners expressed gratitude for the experiences shared at events over the years, and hope for the future.
"Thanks to all who have supported us over these many years. It has been an exciting — if tumultuous — journey, and we could not have made it this far without the overwhelming support of our community," read the statement. "Though we’re saddened by the end of this chapter, we are happy to have the opportunity to have followed our creative passion and are looking forward to what’s next."
The post did not explain the reason for the closure, but said "it is with heavy hearts that we’re announcing that we have brewed our last beer at Water Street."
During its run on Water Street, the business has featured a casual brewpub fare with handheld sandwiches and entrees, and over a dozen craft beers on tap.
Water Street Brewing Co.'s liquor license was suspended, then restored, in the spring of 2020 following accusations the downtown craft
...More info on site
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World: Carlsberg’s total revenue rises despite volume decline in Europe last year
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Sales of drinks owned by Carlsberg declined in Europe in volume terms last year, but total group revenues rose nonetheless, as the giant brewer
...More info on site
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World: Carlsberg raises its revenue and operating profit growth target for 2027
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Carlsberg has raised its 2027 target for revenue and operating profit growth, it said on February 6 as new Chief Executive Jacob Aarup-Andersen steps
...More info on site
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Europe: Diageo contributing over EUR13 bln and 200,000 jobs to Europe’s economy, report says
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A new report from Oxford Economics shows that Diageo – a global leader in beverage alcohol, with brands including Johnnie Walker, Smirnoff, Baileys and
...More info on site
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Malaysia: Carlsberg Brewery Malaysia Bhd attributes lower 2023 revenue to weak consumer sentiment
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Carlsberg Brewery Malaysia Bhd is allocating RM92mil in its financial year ending Dec 31, 2024 (FY24) for capital expenditure (capex), earmarked for a new
...More info on site
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UK: Heineken UK launches new low-alcohol beer Foster’s Proper Shandy
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Heineken UK has launched a new low-alcohol beer. The new reference is part of the Foster’s range and is called Foster’s Proper Shandy, EFA News reported on February 7.
The launch was planned to help retailers take advantage of the trend of "macro-consumption to nostalgia", offering a British classic like shandy beer, that is mixed with lemonade or ginger, in a convenient format. According to Kantar, an English data and legal advice company, about 40% of adults want to moderate their alcohol consumption: Proper Shandy, stresses Heineken, was designed to satisfy these consumers with an ABV of less than 3%.
With the top shandies and lagers accounting for 4.5% of all consumptions in the horeca sector -we talk about more than 193 million pints, according to Heineken- Foster’s Proper Shandy aims to provide consumers with a quality shandy service at home since it is sold in multiple packs of four or ten cans of 440 ml. The launch of the new beer also marks what Heineken calls the "first innovation for decades in the category of classic lagers, with the aim of encouraging exploration by consumers".
"Foster’s is a well-known and reliable brand,” explains Richard Barnes, marketing manager at Foster’s at Heineken
...More info on site
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Russia: Ministry of Agriculture announces new barley, wheat export duties
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Starting February 7, 2024, Russia's Ministry of Agriculture has declared that the export duty on wheat will be set at 3,804.6 rubles ($41.82) per metric ton. Simultaneously, the export duty for barley is established at 827 rubles ($9.1) per metric ton, and for corn, it is fixed at 1,339.8 rubles ($14.73) per metric ton, as outlined by the Ministry.
These duty rates are calculated based on specific indicative prices per metric ton. For wheat and meslin (a combination of wheat and rye), the indicative price stands at $251.1 per metric ton, while for barley, it is set at $190.9 per metric ton, and for corn, it is determined at $199.1 per metric ton.
The implementation of a floating duty on Russian grain exports dates back to June 2, 2021. Under this system, the Ministry of Agriculture assesses the duty amount on a weekly basis, and the calculated fees are subsequently published on the ministry's website. It's worth noting that duties were initially calculated in dollars until July 1, 2022, after which they were converted into rubles.
This dynamic approach to export duties reflects the fluctuations in global grain markets and allows the Russian government to adapt swiftly to changing economic conditions. The transparency
...More info on site
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Turkey & Russia: Turkey and Russia to discuss new mechanism to allow Ukrainian grain exports through the Black Sea
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Turkey and Russia will weigh in on a new mechanism to allow Ukrainian grain exports through the Black Sea when their two leaders meet in the coming days, Foreign Minister Hakan Fidan said on February 4.
Russian President Vladimir Putin is expected to visit Turkey on Feb. 12 to meet President Recep Tayyip Erdoğan, a Turkish official previously said, in what will be the Russian leader's first trip to a NATO ally since Moscow's invasion of Ukraine in February 2022.
There are efforts to find "new methods" to transport Ukrainian grain to the world markets, Fidan said in an interview with private A Haber television.
"The previous grain deal worked within a certain mechanism, now it has been seen that there is a possibility of going with a different mechanism, and now there are efforts to concretize this possibility," Fidan said, adding that Erdoğan will raise this issue in his meeting with Putin in Turkey.
Ankara has sought to persuade Russia to return to the Black Sea Grain Initiative, which Moscow pulled out of in July 2023, a year after it was implemented. The accord was brokered by the United Nations and Türkiye to provide safe passage to exports from Ukrainian ports.
Russia says
...More info on site
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