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E-Malt.com Newsletter 06b
February 08 - February 11, 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 09, 2024 |
Base Currency: Canadian Dollar
on February 09, 2024 |
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1 USD = 0.9281 EUR
1 USD = 0.7924 GBP
1 USD = 1.3462 CAD
1 USD = 1.5373 AUD
1 USD = 148.9310 JPY
1 USD = 4.9779 BRL
1 USD = 90.8279 RUB
1 USD = 7.1063 CNY
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1 CAD = 0.7427 USD
1 CAD = 0.5885 GBP
1 CAD = 0.6893 EUR
1 CAD = 1.1418 AUD
1 CAD = 110.6160 JPY
1 CAD = 3.6972 BRL
1 CAD = 67.4611 RUB
1 CAD = 5.2781 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Unofficial estimate shows domestic tax paid beer shipments fell 6.5% in 2023
...Click here
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Canada: All stakeholders in beer value chain have vested interest in government reconsidering scheduled beer excise tax increase - CMBTC
...Click here
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USA, MI: Heights Brewing to open its doors in Farmington on February 10
...Click here
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USA, OH: Schnitz Ale Brewery expands with new production facility and tasting room in Strongsville
...Click here
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USA, TX: Tupps Brewery preparing to transition to a new chapter and new location
...Click here
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USA, VT: Dirt Church Brewing Co. planning second location in Charlemont
...Click here
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China & North America: China Resources Snow Breweries officially enters North American market
...Click here
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World: Global malting barley prices continue on downward trend
...Click here
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EU & UK: Barley prices down in both crops 2023 and 2024
...Click here
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Denmark & Russia: Carlsberg’s loss from losing Russian unit amounts to US$5.9 bln
...Click here
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UK: Budweiser Brewing Group predicting a stable year for beer sales
...Click here
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Ukraine: Ukraine’s spring sowing area expected to be the same as last year
...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
08 February
1883 - Louis Waterman begins experiments to invents fountain pen
1926 - Walt Disney Studios forms
1971 - NASDAQ market opens for stock trading, as the National Association of Securities Dealers Automated Quotation system first displays the median price for more than 2,500 "over-the-counter" securities
09 February
1585 - The Frankfurt Stock Exchange is established
1955 - US federations of trade unions merge into AFL/CIO
1969 - World's largest airplane, Boeing 747, makes 1st commercial flight
10 February
1635 - Academie Francaise forms in Paris (by Cardinal Richelieu)
1933 - Delivery of 1st singing telegram
1961 - Niagara Falls hydroelectric project begins producing power
11 February
1809 - Robert Fulton patents steamboat
1826 - London University founded
1987 - British Airways begins trading stocks
Agenda
February 2024:
09 - 12: HoReCa 2024 (Athens, Greece)
15 - 17: Great British Beer Festival Winter 2024 (Burton-on-Trent, UK)
18 - 20: BBTech Expo 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: Unofficial estimate shows domestic tax paid beer shipments fell 6.5% in 2023
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The Beer Institute published on February 7 an unofficial estimate of domestic tax paid shipments by beer brewers for December 2023.
The January-December shipments are seen at 151,489,225 barrels, down 6.5% from the 162,080,936 barrels shipped in 2022.
The December 2023 estimate is 11,700,000 barrels, a decrease of 2.5% compared to December 2022 removals of 11,996,258.
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Canada: All stakeholders in beer value chain have vested interest in government reconsidering scheduled beer excise tax increase - CMBTC
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As one of the earliest, widely grown grains in Canada, barley shares a long and trusted history with the brewing industry that it supplies.
...More info on site
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USA, MI: Heights Brewing to open its doors in Farmington on February 10
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A highly anticipated brewery is days away from opening its doors.
Heights Brewing, 23621 Farmington Road, is hosting its grand opening Feb. 10, the brewery announced on February 8 on its Facebook page. The restaurant features 24 taps offering a rotating selection of beers, wine, hard cider, mead, hard seltzer, hop water and root beer.
Ryan Kavanagh, who owns the brewery alongside his wife Shawn MacDonnell, told Hometown Life in June 2023 everything will be made on site.
The restaurant's menu, including barbecue, is 100% gluten free. Select beers, along with wine, cider, seltzer and hop water also will be gluten free.
Kavanagh is a longtime home brewer and has experience working with such companies as Draught Horse and Dragonmead. He and MacDonnell are fans of Farmington’s downtown atmosphere and are excited to join its restaurant scene.
The building was formerly known as Page's Food and Spirits. Page’s closed in 2021 after being open for roughly 40 years.
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USA, OH: Schnitz Ale Brewery expands with new production facility and tasting room in Strongsville
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When Fat Head’s moved into its massive Middleburg Heights production facility, it set off a game of craft-beer musical chairs. Eager for more production capacity themselves, the Brew Kettle team decamped from its Strongsville-based brewery for the former Fat Head’s facility on Sheldon Road. That cleared the way for the Djurin family to make a similar jump by staking a claim on the former Brew Kettle space for their two-year-old Schnitz Ale brand. That family, which also operates Das Schnitzel Haus, purchased the property in 2022 and started brewing there this past fall, the Cleveland Scene reported on February 7.
“We were very limited with that 7-barrel brewery in Parma,” explains CEO Igor Djurin. “The right opportunity arrived with the old Brew Kettle production facility, so we jumped on it.”
The move expands the brand’s output capacity 12-fold, going from just 600 barrels per year in Parma to 500 barrels per month in Strongsville. The new Schnitz Ale facility will focus on core beers like the Coach Dunkel, Boozendorf Hazy DIPA, and Classic Kolsch. It will also clear the way for big seasonal releases that will include an Irish red ale, summer shandy, Oktoberfest Märzen and Christmas ale. Thanks to a distribution
...More info on site
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USA, TX: Tupps Brewery preparing to transition to a new chapter and new location
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After more than eight years in the craft beer industry, Tupps Brewery is preparing to transition to a new chapter and new location, the Local Profile reported on February 6.
According to Tupps, after outgrowing the current 17,000 sq. ft. space, the company relocated to the former site of McKinney Grain site. A grand opening event is planned for March 9, 2024, from 12 p.m. to 10 p.m.
The move entails an extensive renovation of a 120-year-old grain mill, the establishment of a cutting-edge 25,000 sq. ft. production brewery and the creation of a retail craft community within repurposed grain bins. In total, the project will span over 40,000 sq. ft. across a scenic 4-acre landscape.
As Local Profile previously reported, Tupps could make around 12,000 barrels per year, whereas the new production facility will be able to produce between 50,000 and 55,000.
“I’m incredibly excited to be able to produce more beer and get caught up if we need to,” Head Brewer Chris Lewis told Local Profile. “With the new facility, we’ll be able to brew in a day what is currently taking us a full week.”
According to Tupps, the McKinney Grain site allows the brewery to enhance the rustic, distinctive and
...More info on site
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USA, VT: Dirt Church Brewing Co. planning second location in Charlemont
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After blazing a trail at Thunder Mountain Bike Park, Anna Cronin and her partner, Bruce Lindsay, realized Charlemont “is a viable town worth investing in.”
That’s exactly what Cronin and Lindsay are doing by opening a second location of their Dirt Church Brewing Co. Based in East Haven, Vermont, Dirt Church Brewing has been offering alcoholic beverages since 2021, and is now preparing to open a second site at 31 Main St., formerly home to River Cafe.
“We were able to see some of the more remote off-the-beaten-path areas [of Charlemont] and see some of the community members and business members,” Cronin said. “It was really apparent that this is a close and wonderful community ... but there was a lack of an après scene.”
Upon opening, which is expected to be in early spring, Cronin said customers will be able to get their hands on an assortment of “really delicious, high-quality” sour beers, India pale ales and other brews crafted at the company’s Vermont location. Wine, non-alcoholic beers and homemade root beer will also be available to customers.
In addition, Cronin said people can participate in the brewery’s $100 a year Mug Club. Customers receive a 22-ounce mug and “an extra heavy-handed pour
...More info on site
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China & North America: China Resources Snow Breweries officially enters North American market
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China Resources Snow Breweries (CR Snow), a leading beer manufacturer in China, has officially entered the North American market. They first introduced their best-selling "Brave the World" beer at the end of 2023, marking the first phase of the company's strategic entry into the region as part of its global expansion. Ever Grand Group is set to lead the operational phase as the exclusive distributor of Snow Beer, orchestrating an expansive strategy to ensure a successful product launch in the United States. With their portfolio of premium offerings, Ever Grand Group presents a diversified selection of Snow Beer products, meticulously curated for a wide range of occasions, Newswire.com reported on February 7.
The launch of Snow Beer in North America marks a significant achievement, reinforcing its global prominence and showcasing Ever Grand Group's pivotal contribution to the brand's worldwide expansion. Ever Grand Group is committed to establishing a benchmark for excellence by selecting and introducing premier international beer brands to the U.S. marketplace. This endeavor involves cultivating partnerships with local distributors, suppliers and other key stakeholders, all supported by in-depth research and an analysis of North American consumers' preferences and palates.
Established in 1993, China Resources Snow Breweries has led the way
...More info on site
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The Netherlands: Beer sales fall by 5.6% in 2023
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Beer sales fell in the Netherlands by 5.6% in 2023, according to fresh figures from the breweries association in the country, following reports of
...More info on site
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World: Global malting barley prices continue on downward trend
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The direction for global malting barley prices remains down, with little sign of any change in the short term as a recovery in demand
...More info on site
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India: United Breweries reports profit in Q3
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India's United Breweries reported a profit in the third quarter on February 8, as improved demand helped mitigate the impact of higher costs.
The company,
...More info on site
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EU & UK: Barley prices down in both crops 2023 and 2024
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French malting barley prices are down in both crop 2023 and 2024. Falling grain prices along with ongoing inflation impacts have led to farmer
...More info on site
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Denmark & Russia: Carlsberg’s loss from losing Russian unit amounts to US$5.9 bln
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Danish brewer Carlsberg posted on February 7 a loss of 40.8 billion kroner (US$5.9 billion) for 2023 after Moscow took control of its Russian
...More info on site
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UK: Budweiser Brewing Group predicting a stable year for beer sales
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Budweiser Brewing Group UK&I, a proud part of AB InBev, is predicting a stable year for beer sales – up 0.4% from 2023 with exciting moments and events driving at-home drinking occasions, the Grocery Trader reported on February 9.
The last four years have been marked by tumultuous events, from the pandemic and lockdown to the current cost of living crisis. The result has been a huge shift in consumer drinking behaviours, the most notable being the rise of the Big Night In driven by heightened in-home experiences such as mealtimes. As we head into another year where shopper budgets will likely be squeezed, there’s a huge opportunity for retailers to capitalise on this trend and drive sales.
“While the future is always uncertain, one trend persists – a strong demand for at-home drinking occasions,” says Maria Neves, Head of Category Management for the UK at Budweiser Brewing Group. “To embrace this opportunity and address the growing interest in occasions such as the Big Night In, retailers need to stay abreast of evolving consumer demand. At Budweiser Brewing Group, we’re committed to working closely with our retail partners to help them understand their shoppers better and adjust their stock to suit these
...More info on site
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Ukraine: Ukraine’s spring sowing area expected to be the same as last year
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Ukraine expects its 2024 spring sowing area to be the same as last year, though it could see a slight decrease in the worst case scenario, Agriculture Minister Mykola Solsky told Reuters on February 9.
Ukraine is a major global grain and oilseeds producer but its harvests have decreased since Russia invaded and occupied significant swathes of territory. The war, now in its 24th month and with no end in sight, has driven up global grain prices and disrupted supplies, especially to poorer countries.
"I don't expect any drastic changes in terms of sowing area. If the sowing area is smaller, it will be a very insignificant decrease," Solsky said in an interview, providing the first official outlook for the 2024 sowing season.
Ukrainian farmers sowed a total of 12.75 million hectares of spring crops for the 2023 harvest, including 5.7 million hectares of various grains.
The acreage included 4 million hectares of corn, 5.3 million hectares of sunflower and 1.78 million hectares of soy beans.
Solsky said farmers had sown a smaller area of winter wheat last autumn due to poor weather and this could force them to increase the area sown to spring wheat. Ukraine sowed 280,000 hectares of spring wheat last year.
Ukraine
...More info on site
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