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E-Malt.com Newsletter 14b
April 04 - April 07, 2024
Quote of the Week
Education is the most powerful weapon which you can use to change the world.
Nelson Mandela
Currency Rates
Base Currency: US Dollar
on April 05, 2024 |
Base Currency: Canadian Dollar
on April 05, 2024 |
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1 USD = 0.9216 EUR
1 USD = 0.7901 GBP
1 USD = 1.3514 CAD
1 USD = 1.5161 AUD
1 USD = 151.5770 JPY
1 USD = 5.0366 BRL
1 USD = 91.6565 RUB
1 USD = 7.2326 CNY
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1 CAD = 0.7399 USD
1 CAD = 0.5846 GBP
1 CAD = 0.6819 EUR
1 CAD = 1.1218 AUD
1 CAD = 112.1510 JPY
1 CAD = 3.7266 BRL
1 CAD = 67.8160 RUB
1 CAD = 5.3514 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: AB InBev continues recovery in the US during 2024
...Click here
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USA, VA: Lark Brewing Co. just about ready to open its doors
...Click here
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USA, KY: Trellis Brewing set to open in Smoketown this summer
...Click here
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USA, WV: Fox Hops Brewery holds soft opening in Elkins
...Click here
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France: Wine retakes top spot among consumer preferences from beer
...Click here
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Denmark & China: Barclays cuts Carlsberg, expects weak China conditions to hit growth
...Click here
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Switzerland: Small Swiss breweries forced into closure by rising costs
...Click here
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Argentina: Barley crop forecast up on improving weather conditions
...Click here
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France: Spring malting barley prices increase on worries over planting progress
...Click here
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India: Excise officials raid United Breweries plant in Karnataka
...Click here
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Singapore: Heineken’s Archipelago Brewery to close down
...Click here
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Ukraine: Demand for Ukrainian barley continues to decrease
...Click here
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Australia: Former Carlton & United Breweries CEO buys Australian craft beer and spirits firms
...Click here
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Graph of the Week
Table of the Week
Argentina Malt Exports 2019 - 2023
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
04 April
1460 - University of Basle in Switzerland forms
1818 - The United States Congress adopts the flag of the United States with 13 red and white stripes and one star for each state (then 20)
1828 - Casparus van Wooden patents chocolate milk powder (Amsterdam)
1949 - Twelve nations sign the North Atlantic Treaty creating the North Atlantic Treaty Organization
1975 - Microsoft is founded as a partnership between Bill Gates and Paul Allen in Albuquerque, New Mexico
1996 - AT&T Corp. spins off 112 million shares of Lucent Technologies Inc. at an initial price of $27 per share, raising $3.02 billion in what is, so far, the biggest IPO of all time
05 April
1768 - 1st U.S. Chamber of Commerce forms
1869 - Celluloid is patented
1886 - George Eastman places Kodak Camera on sale for 1st time
1926 - Varney Airlines makes its first commercial flight (Varney is the root company of United Airlines)
1957 - Greek shipping tycoon Aristotle Onassis buys the Hellenic National Airlines (TAE) and founds Olympic Airlines
06 April
1869 - 1st plastic, Celluloid, patented
1909 - 1st credit union forms in US
1992 - Microsoft announced Windows 3.1, upgrading Windows 3.0
07 April
1348 - Prague University, 1st university in central Europe, formed by Charles IV
1902 - Texaco, Oil Company forms
1927 - First long-distance public television broadcast (from Washington, D.C., to New York City, displaying the image of Commerce Secretary Herbert Hoover)
1933 - Prohibition in the United States is repealed for beer of no more than 3.2% alcohol by weight, eight months before the ratification of the XXI amendment
1948 - World Health Organization forms by U.N.
1964 - IBM announces the System/360
1969 - The Internet's symbolic birth date: publication of RFC 1
1999 - The World Trade Organization rules in favor of the United States in its long-running trade dispute with the European Union over bananas
Agenda
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)
09 - 11: Bangkok Brewing Conference 2024 (Bangkok International Trade & Exhibition Centre (BITEC) Bangkok, Thailand)
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:
02 - 04: 14th Iberoamerican VLB Symposium Brewing & Filling Technology (IBS) (Ciudad de Mexico (CDMX), Mexico)
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)
February 2025:
07 - 10: HoReCa 2025 (Athens, Greece)
16 - 18: BBTech Expo 2025 (Rimini, Italy)
21 - 23: Finest Spirits 2025 (Munich, Germany)
March 2025:
03 - 07: IBD Asia Pacific Convention 2025 (Hobart, Tasmania)
News Articles
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USA: AB InBev continues recovery in the US during 2024
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Anheuser-Busch InBev has continued its recovery in the U.S. during 2024, according to data from industry tracker Fintech. Of note, Michelob Ultra is now
...More info on site
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USA, MT: Après Brewing already open in Bozeman
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If you just finished up a long day of skiing, biking, or climbing and you’re in need of a refreshing beer, head on over to Après Brewing, just off the Montana State University campus, kbzk.com reported on April 4.
“We opened March 14, just about 3 weeks ago,” says Tyler Nail, the president, head brewer, and co-owner of Après Brewing. He and Co-owner Cory O’Day took over the space Bunkhouse Brewing used to occupy at 1216 West Lincoln Street.
Bunkhouse moved to Four Corners and left these new owners with all the brewing equipment ready to go.
Après Brewing is the ninth brewery in the Bozeman area, but what inspired the name of this new establishment?
“Après Brewing—we kind of derived that from the term après ski, which is the social activity of drinking after skiing,” says Nail. He claims Après is a great place to go after any outdoor activity, whether it’s climbing, biking, fishing, or hiking.
The owners are outdoor enthusiasts themselves. They decorated the interior to portray their love of the outdoors.
“We chose our brand colors to represent the skyline. And we wanted the place to feel almost like you’re still outside,” says Nail.
Après Brewing gets most of its malt locally, sourced
...More info on site
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USA, VA: Lark Brewing Co. just about ready to open its doors
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A new brewery in Loudoun County is just about ready to open its doors — and they’ve built a great new facility just 15-20 minutes south of Ashburn, the Burn reported on April 4.
Lark Brewing Co. is coming to 24205 James Monroe Highway in Aldie. That’s Highway 15 straight south from Leesburg. It’s grand opening is scheduled for Saturday, April 13.
Guests will find a large indoor taproom with high ceilings and a huge bar, a fireplace, and tons of seating. A mezzanine with more seating sits on the second level.
Outside, there are two separate pavilions — one called “Lost” and one called “Found.” There is also a big lawn and multiple fire pits.
Each quarter, Lark Brewing will select a local charity to support. A portion of sales of a certain beer will be directed to the charity.
The first quarter, the charity is the Friends of Homeless Animals shelter which is located nearby. The shelter can be found on Goodpuppy Lane, which is the name of one of Lark’s lagers on tap.
Lark Brewery is kid friend and dog friendly.
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USA, KY: Trellis Brewing set to open in Smoketown this summer
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For the past few decades, there was nothing to see at this building off Logan Street in Smoketown, Aol.com reported on April 5.
That changed in January 2023, when work began to turn the vacant property, once part of an ice-making facility, into the neighborhood’s first craft brewery.
While the initial opening date of late 2023 passed, signs of progress still appeared. In September, colorful murals brightened the sides of the dark building at 827 Logan St., surrounded by overgrown trees, gravel lots, and, to the left, a crumbling brick building. The artwork arrived thanks to Trellis Brewing hosting part of the Louisville-based 2 Buck Invitational, which annually invites artists to paint graffiti-inspired murals around town.
In recent months, brewing equipment, beer glasses, and handmade wooden tables have been delivered. Trees were planted in the front outdoor area and trash was picked up in the back of the brewery, which sits near a section of Beargrass Creek.
The front windows of Trellis Brewing might be covered up, but owners Kyle Jahn and Ryan Reed watch as each step of their dream unfolds. They were there a few weeks ago when a “mysterious goose,” as Jahn recalled, wandered on a stretch of concrete near the
...More info on site
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USA, WV: Fox Hops Brewery holds soft opening in Elkins
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According to WBOY, Elkins residents can look forward to a new place to grab a pint thanks to the soft opening of a brand new brewery—Fox Hops Brewery, Connect Bridgeport reported on April 5.
Located at 25 Bowstring Ln., Fox Hops Brewery is a women-owned and operated taproom and brewery which opened its doors to the public for the first time at 4 p.m. on April 1. Since Fox Hops is just starting up it will be limiting its first days of business to beer sales only, with a limited appetizer menu was set to arrive on Wednesday, April 3.
Fox Hops currently has six beers on tap.
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France: Wine retakes top spot among consumer preferences from beer
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After two years of success when beer overcame wine in the French people’s preferences, wine has retaken the top spot, Sowine/Dynata data shows.
60% of
...More info on site
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Denmark & China: Barclays cuts Carlsberg, expects weak China conditions to hit growth
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Shares of Danish brewer Carlsberg are down 2% at DKK 928, as Barclays downgraded the brewer’s stock to "equal weight" from "overweight", saying it
...More info on site
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Switzerland: Small Swiss breweries forced into closure by rising costs
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Small breweries, which have been very popular in Switzerland in recent years, are now falling victim to the tough economic climate. Rising costs of
...More info on site
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Argentina: Barley crop forecast up on improving weather conditions
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Beneficial rains continue to improve summer crop conditions (corn and soybeans), while also repairing the severely dry conditions in key barley (and wheat) regions,
...More info on site
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France: Spring malting barley prices increase on worries over planting progress
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France’s feed barley prices, like those of soft wheat, have shown little movement during the last week. A small increase in port charges should
...More info on site
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India: Excise officials raid United Breweries plant in Karnataka
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Excise officials conducted a massive raid on the United Breweries (UB) manufacturing unit located in Nanjangud, under the Chamarajanagar Lok Sabha constituency, and seized liquor and raw materials amounting to ₹98.56 crores, Chamarajanagara excise deputy commissioner Naga Shayana said on April 4.
He said that the excise authorities on April 2 uncovered a cache of beer and raw materials, which were allegedly unlawfully stored and utilised within the premises. Among the confiscated items were ₹6.03 lakh worth of beer boxes, containing a whopping 66.16 lakh litres of beer stored in tanks, along with 6.5 lakh kilograms of raw material.
He further said the preliminary investigations have revealed that the manufacturing unit was allegedly involved in the illegal production and distribution of beer, with an intended destination identified as Kerala. It was uncovered that approximately 7,000 beer cartons had been surreptitiously stored on the premises, indicative of illicit activities aimed at circumventing legal regulations.
Shayana said, “We received information about the illicit storage of beer and that they were going to be shifted to Kerala soon. Immediately, we conducted a raid at the beer facility at UB and seized raw materials, cartons, and bottles. During interrogation, it was discovered that the company manufactured beer
...More info on site
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Singapore: Heineken’s Archipelago Brewery to close down
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Singapore’s Archipelago Brewery is closing down brewing operations, the Asia Brewers Network reported on March 30.
The brewery, owned by Heineken subsidiary Asia Pacific Breweries (APB) Singapore, will continue to operate until June 30.
In a statement sighted by ABN, the brewery shared the closure is due to “evolving craft beer market realities and high operational costs” and that APB’s new strategy is to “streamline our portfolio, maximize value and re-invest in growing our core business”.
APB has undergone recent leadership changes, including appointing a new managing director, Reinoud Ottervanger, in August last year.
Singapore’s second oldest commercial brewery, Archipelago opened its doors in 1933 after German investors expanded brewing operations from the then-Dutch Indies to Singapore.
The brewery continued to operate during World War II. The Allies first seized it as an enemy asset, and production continued during the Japanese occupation.
After the war, regular brewing operations resumed, and Archipleago’s stable of beer brands—Anchor and ABC Stout among them—became popular and widely distributed in Singapore.
After the brand was retired in 1990 in favour of Asia Pacific Breweries, Archipelago was revitalised as APB’s craft brewing arm in 2006 by then-Anderson Valley brewmaster Fal Allen and experienced several years of growth in Singapore’s then-nascent craft beer market.
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Ukraine: Demand for Ukrainian barley continues to decrease
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World demand for barley remains quite low, especially against the background of forecasts of increased production in the new season, so hopes for increased barley exports from Ukraine at the end of the season may not come true. In addition, Australia and Argentina increased barley deliveries to the world market, UkrAgroConsult reported on April 5.
China’s active purchase of Ukrainian barley in February and March led to an increase in purchase prices to increase exports. In March 2024, Ukraine exported 339,000 tons of barley, which is one of the highest monthly indicators of this season. In total, 1.963 million tons of barley were exported in 2023/24 MR, out of the 2.1 million tons predicted by the USDA, while last year 2.27 million tons were shipped on April 1. Analysts believe that in April-May, Ukraine will be able to export another 200-300 thousand t of barley due to increased demand from Turkey and EU countries against the background of low prices.
Prices for feed barley for delivery to Black Sea ports fell to $145-150/t or UAH 6,100-6,200/t compared to UAH 6,400-6,800/t in February, while prices for feed wheat, which is being bought by a much larger number of traders, reach 6700-6800 UAH/t. Processors
...More info on site
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Australia: Former Carlton & United Breweries CEO buys Australian craft beer and spirits firms
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Former Carlton & United Breweries CEO Peter Filipovic has acquired Mismatch Brewing Company and 78 Degrees in a multi-million dollar cash deal, The Drinks Business reported on April 5.
The AU$7 million acquisition, which follows each of the Adelaide companies having been bought almost three years ago by Mighty Craft as part of a AU$47 million deal will now see the assets for each of the two subsidiaries transferred to a consortium named Mismatch Brewhouse Publicans led by Filipovic.
The company, which, according to local reports, was registered in late March, follows Filipovic’s other acquisitions when he picked up craft beer brand Jetty Road from Mighty Craft last year.
The $7.2 million cash deal reportedly includes the Mismatch and 78 Degrees brands, intellectual property, trading names, contracting arrangements, inventory, equipment and licences. The move follows Mighty Craft having acquired the two South Australian brands plus Hills Cider just under three years ago in a deal worth $47 million, an agreement that also included 75% ownership of the LOT.100 venue at Hay Valley in the Adelaide Hills.
This new deal is said to include the assignment of the leases for the Mismatch Brewhouse venue in Adelaide’s Whitmore Square, as well as the Mismatch and 78
...More info on site
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