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E-Malt.com Newsletter 07a
February 12 - February 14, 2024
Quote of the Week
To know how much there is to know is the beginning of learning to live.
Dorothy West
Currency Rates
Base Currency: US Dollar
on February 14, 2024 |
Base Currency: Canadian Dollar
on February 14, 2024 |
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1 USD = 0.9306 EUR
1 USD = 0.7925 GBP
1 USD = 1.3501 CAD
1 USD = 1.5401 AUD
1 USD = 150.0030 JPY
1 USD = 4.9519 BRL
1 USD = 91.2819 RUB
1 USD = 7.1891 CNY
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1 CAD = 0.7406 USD
1 CAD = 0.5869 GBP
1 CAD = 0.6892 EUR
1 CAD = 1.1406 AUD
1 CAD = 111.0930 JPY
1 CAD = 3.6674 BRL
1 CAD = 67.6039 RUB
1 CAD = 5.3243 CNY
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Currency Rates Chart
Equities of the Largest Breweries
World: Molson Coors swings back to a quarterly profit
...Click here
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USA: Rahr Corporation merges malting and ingredients distribution businesses
...Click here
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USA, WI: Vennture Brew Co. taking over Biloba Brewing facility in Brookfield
...Click here
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USA, NY: Community Beer Works to acquire Thin Man Brewery
...Click here
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USA, SC: High Score Brewing Co. already open in Charleston
...Click here
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Canada, BC: Twin City Brewing moving into historic Port Alberni train station
...Click here
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World: Heineken reports 1.7% rise in organic operating profit surpassing analysts’ expectations
...Click here
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Singapore, Thailand & Vietnam: ThaiBev sees 5.9% drop in first-quarter revenue
...Click here
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Japan: Sapporo considering real estate sales to pour resources into beer making
...Click here
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World: Barley trade forecast up in USDA’s latest report
...Click here
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World: Barley quality sufficient to meet brewing and distilling requirements, analysts say
...Click here
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EU: Barley supply and demand balance unchanged in latest RMI Analytics report
...Click here
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Australia: Barley exports forecast down despite bid demand from China
...Click here
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Australia: Malting barley shipments up 31% in December
...Click here
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Cyprus: Beer shipments increase by 0.9% in January-August 2023
...Click here
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Nigeria: Nigerian Breweries announce price hike amid rising production costs
...Click here
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World: Asahi Super Dry beer sales shoot up between 2022 and 2023
...Click here
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Nepal: Government tightens rules for restaurants operating microbreweries
...Click here
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Graph of the Week
Table of the Week
Top 10 Countries by Beer Consumption 2020 - 2022
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
12 February
1809 - Charles Darwin, England, discovered evolution
1877 - 1st news dispatch by telephone, between Boston & Salem
1998 - Intel unveils its 1st graphics chip i740
13 February
1741 - Andrew Bedford publishes 1st American magazine (American Magazine)
1895 - Moving picture projector patented
1980 - Apollo Computer Inc incorporated
2004 - The Harvard-Smithsonian Center for Astrophysics announces the discovery of the universe's largest known diamond, white dwarf star BPM 37093
14 February
1794 - 1st US textile machinery patent granted, to James Davenport
1924 - IBM Corporation founded by Thomas Watson
1946 - Bank of England nationalized
1946 - John W. Mauchly and J. Presper Eckert, Jr., officially unveil their Electronic Numerical Integrator and Computer, performing 5,000 additions and 300 multiplications per second and weighing more than 30 tons
2005 - YouTube is launched by a group of college students, eventually becoming the largest video sharing website in the world and a main source for viral videos
Agenda
February 2024:
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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World: Molson Coors swings back to a quarterly profit
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Molson Coors Beverage Co.’s stock fell 1.8% on February 13, after failing to hold early gains made after the company revealed it had swung
...More info on site
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USA: Rahr Corporation merges malting and ingredients distribution businesses
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Rahr Corporation, a family-owned, global supplier of specialty and premium products in the food and beverage industry, announced plans to combine its Rahr Malting
...More info on site
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USA, WI: Vennture Brew Co. taking over Biloba Brewing facility in Brookfield
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Milwaukee’s Vennture Brew Co., 5519 W. North Ave., is taking over the Biloba Brewing facility in Brookfield, according to co-owner Simon McConico, OnMilwaukee reported on February 12.
Speaking on the Badger Beer Hour webcast, hosted by Milwaukee Magazine's Chris "Wisconsin Beer Baron" Drosner and Madison’s Greg “Daddy Porter" Washington, last Friday, McConico said that he and his partner Rob Gustafson are buying the brewery and taproom at 2970 N. Brookfield Rd.
The current Biloba owners, Gordon and Jean Lane are retiring, and a post on the brewery's social media noted that it will close for good on Feb. 17.
Gordon Lane started out homebrewing and Biloba first opened in a smaller building in 2014, moving to its current spot in February 2017.
Vennture, which brews both coffee and beer, opened in the Washington Heights neighborhood in 2018.
According to McConico, the sale is closing this week and Vennture aims to have the Brookfield taproom open by St. Patrick’s Day.
They plan to do some minor work in the taproom, such as painting, new signage and rearranging furniture before opening.
He said it's still unclear whether or not it will open with both beer and coffee or just beer to start.
"There's a lot of questions, on top of
...More info on site
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USA, NY: Community Beer Works to acquire Thin Man Brewery
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Two popular buffalo breweries will soon become one, Community Beer Works announcing overnight it has agreed to acquire Thin Man Brewery, WKBW reported on February 13.
Thin Man's owner Bridget Termini, is gearing up for retirement.
Community Beer Works will own all Thin Man recipes, branding, and the Chandler Street Brewhouse.
Brewing production will be split between the C.B.W. on 7th Street in Buffalo and Chandler Street.
The Thin Man location on Elmwood Avenue that closed last summer will remain closed and is not part of the deal.
Community Beer Works says it is also working on opening another location at Bidwell Parkway and Elmwood Avenue later this year.
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USA, NC: Blue Blaze Brewing shutting down in March
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After 10 years, Blue Blaze Brewing is closing its taproom doors in March, WSOC-TV reported on February 12.
In a heartfelt note to customers, the owner shared the news with a “profound sense of disappointment,” saying they wish the place “could have continued to be available to us in the future.”
They say they hope to find a new location in the future.
Blue Blaze is along the greenway in the Seversville neighborhood just outside of Uptown in Charlotte.
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USA, SC: High Score Brewing Co. already open in Charleston
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Tony Williams used the pandemic shutdown to sharpen his home-brewing skills. Like other Charleston locals who jumped into home brewing during that time, Williams’ hobby turned into much more when he and Chris Shelley began discussing their dream brewery, the Post and Courier reported on February 12.
The beer program would offer easy drinking ales, dark stouts and everything in between, while the setting would be family friendly with an arcade section and console games like Sega Genesis and Nintendo 64.
That’s exactly what patrons will find at High Score Brewing Co., which opened at 8120 Windsor Hill Boulevard, Suite 203, in December.
The brewery is 5,000 square feet, 4,000 of which are dedicated to the taproom, where games are free for customers. While parents are sipping on a Praise the Sun cream ale or Super Smash IPA, Williams hopes they can share the nostalgia for their favorite childhood games with their kids.
High Score Brewing Company is now open off of Ashley Phosphate Road in North Charleston. The brewery brings board, arcade, and retro console gaming to their warehouse space where gaming-themed beers are on tap.
“We will eventually have anything anyone could desire,” Williams said, discussing the beer program. “We like to
...More info on site
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Canada, BC: Twin City Brewing moving into historic Port Alberni train station
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After a long Request for Proposals (RFP) process, the city of Port Alberni announced on Feb. 7, 2024 that local business and brewery Twin City Brewing has won the lease for the train station, the Campbell River Mirror reported.
Twin City Brewing—which was last year’s BC Brewery of the Year winner—opened its first location on Margaret Street back in 2017. Owner Aaron Colyn says the Margaret Street location will continue to provide a casual neighbourhood taproom experience, while the new train station location will provide “a more dining-focused counterpart.” There are no plans to brew in the new space.
“We can still provide a casual, after-work brewpub experience at our Margaret Street location,” said Colyn. “The train station will be a little more dining-oriented. It’s an exciting area of town,” he added, referring to the city’s waterfront. “It makes sense for us to do something here.”
Work will begin on the dining area in spring 2024.
The city-owned Port Alberni Train Station is a registered heritage building that was originally constructed in 1911. Over the last two years, the city has invested in seismic upgrades and added a new roof to the building, as well as some exterior modifications to allow the construction of
...More info on site
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World: Heineken reports 1.7% rise in organic operating profit surpassing analysts’ expectations
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Dutch brewer Heineken has forecast low- to high-single digit percentage growth in operating profit in 2024, citing volatility in geopolitics and economic conditions, which
...More info on site
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Singapore, Thailand & Vietnam: ThaiBev sees 5.9% drop in first-quarter revenue
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Singapore-listed Thai Beverage (ThaiBev) on February 14 posted a 5.9 per cent drop in first-quarter revenue from sales, as the company's beer-making division took
...More info on site
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Japan: Sapporo considering real estate sales to pour resources into beer making
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Japanese brewer Sapporo Holdings will consider unloading some of its real estate holdings in central Tokyo as the company seeks to refocus the business
...More info on site
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World: Barley trade forecast up in USDA’s latest report
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Global barley trade forecast is up in USDA’s latest report – at 28.071 mln tonnes vs 27.546 mln forecast in January.
This compares to 30.369
...More info on site
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World: Barley quality sufficient to meet brewing and distilling requirements, analysts say
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The reduced supply of barley from crop 2023, and with global production forecast at at 142.6 mln tonnes in 2023/24, despite some variability, there
...More info on site
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EU: Barley supply and demand balance unchanged in latest RMI Analytics report
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The EU barley supply and demand balance is unchanged at 54.45 mln tonnes, RMI Analytics said in their early February report.
The dramatic reduction in
...More info on site
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Australia: Barley exports forecast down despite bid demand from China
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With winter crop harvesting wound up across Australia, forecasters say the amount of wheat to be exported in 2024 will be almost half what
...More info on site
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Australia: Malting barley shipments up 31% in December
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Australia exported 1,298,659 tonnes of barley and 10,944t of sorghum in December, according to the latest data from the Australian Bureau of Statistics, Grain
...More info on site
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Cyprus: Beer shipments increase by 0.9% in January-August 2023
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There was a small increase in total beer deliveries in Cyprus in the period January – August 2023, with exports recording an increase of 18% in the same period, Stockwatch reported on February 12.
According to data published by the Statistical Service, total deliveries in the eight months of 2023 amounted to 29.48 million litres, showing an increase of 0.9% year-on-year, with total deliveries in August, the prime summer holiday month, amounting to 5.2 million liters, recording an annual increase of 1.5%.
Domestic market beer deliveries totaled 27.4 million litres in the January-August period of 2023, recording a marginal decrease of 0.2% compared to the corresponding period of 2022.
Beer exports went significantly up this period, reaching 2.09 million litres, marking an increase of 18% compared to the corresponding period of 2022, while beer deliveries in August stood at 0.36 million litres, showing a 114% increase compared to August 2022.
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Nigeria: Nigerian Breweries announce price hike amid rising production costs
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The Nigerian Breweries PLC has issued a “Price Review Notification” to all its direct customers in the West Zone, Nairametrics reported on February 13.
According to the statement, the price adjustments, effective from Monday, February 19, 2024, is deemed necessary to offset the impact of increased production expenses.
Although the company assured customers with fully funded and system-registered orders before the specified date will be honoured at the existing prices.
However, any orders exceeding the communicated quantity window will be subject to the revised pricing.
Insider sources reveal that this is the third price adjustment in the year that the FMCG company is reviewing its prices.
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World: Asahi Super Dry beer sales shoot up between 2022 and 2023
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The latest results from Asahi Group Holdings show that the company’s flagship beer Asahi Super Dry shot up by 35% in major Asian markets (outside the beer’s home market of Japan), as well as in Europe and Oceania, between 2022 and 2023, The Drinks Business reported on February 13.
The beer, which Asahi calls the “top priority” of its global brand portfolio has grown significantly in volume terms as a result of the company’s ambitious expansion plans.
Sales of Asahi Super Dry received a boost when it became the Official Beer of the Rugby World Cup 2023, held in France last September, with company president Atsushi Katsuki saying at the time that he hoped the opportunity would “showcase the brand’s value to consumers worldwide”.
The beer, which replaced previous beer sponsor Heineken, featured on billboards and digital media at world cup games, alongside point-of-sale promotions and ticket competitions.
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Nepal: Government tightens rules for restaurants operating microbreweries
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Nepal’s government has tightened the rules for restaurants operating microbreweries, The Kathmandu Post reported on February 12.
The Department of Industry amended the standards to establish microbreweries by restaurants last Thursday, February 1. The amended rule includes a new condition that restaurants should have a seating capacity of at least 200 people to operate microbreweries.
In September 2015, the Industrial Promotion Board under the Industry Ministry allowed restaurants to establish microbreweries for the first time. It allowed restaurants with a seating capacity of at least 20 people to operate microbreweries.
The new policy, however, has allowed such microbreweries to produce up to 3 million litres of beer annually, from an earlier limit of 2.5 million litres.
A microbrewery is a small unit that produces beer in limited quantities for captive consumption and is found mostly in establishments such as hotels and restaurants located in tourist hotspots.
In 2015, the government had for the first time decided to issue licences for operating microbreweries demanded by tourism entrepreneurs.
The amended policy has set a slew of conditions for establishing microbreweries in restaurants.
According to the standards, restaurants intending to open a microbrewery should have an area of 2,400 square feet, with a brew house area of 1,200 square feet,
...More info on site
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