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E-Malt.com Newsletter 15b
April 11 - April 14, 2024
Quote of the Week
Blessed is the mother who gives birth to a brewer.
Czech saying
Currency Rates
Base Currency: US Dollar
on April 12, 2024 |
Base Currency: Canadian Dollar
on April 12, 2024 |
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1 USD = 0.9316 EUR
1 USD = 0.7970 GBP
1 USD = 1.3686 CAD
1 USD = 1.5321 AUD
1 USD = 153.0850 JPY
1 USD = 5.0740 BRL
1 USD = 93.0377 RUB
1 USD = 7.2340 CNY
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1 CAD = 0.7306 USD
1 CAD = 0.5822 GBP
1 CAD = 0.6806 EUR
1 CAD = 1.1193 AUD
1 CAD = 111.8400 JPY
1 CAD = 3.7069 BRL
1 CAD = 67.9709 RUB
1 CAD = 5.2850 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Constellation Brands forecasts annual profit above expectations, sees strong demand for its beer brands
...Click here
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North America: Canada barley crop forecast up on beneficial rains across several key regions
...Click here
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USA: Diageo receives $75 mln grant to decarbonise operations at its two North America facilities
...Click here
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USA, NC: Brewery, wellness studios to open as one-stop neighborhood hangout in Asheville
...Click here
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USA, PA: Willow Creek Brewing sets June 16 as its last date of business
...Click here
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USA, ME: Foulmouthed Brewing to close at the end of April
...Click here
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World: Malting barley prices higher as planting in Europe is delayed by weather
...Click here
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EU & UK: Malting barley prices reacting to seeding and poorer crop conditions concerns
...Click here
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EU: EU barley crop forecast increased by 0.7 million tonnes
...Click here
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Australia: Winter crop sowing under way amid mixed conditions
...Click here
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Australia: February barley, sorghum exports plummet
...Click here
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The Philippines: San Miguel Corp. raise P20 billion from bond issuance
...Click here
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UK: Molson Coors to spend £100 mln in improvements across its UK brewing network
...Click here
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Australia & EU: Australian malting barley cargo heads to EU to help store-up near-term supplies
...Click here
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Germany: Homebrewers no longer need to report production to customs or pay tax on their brews
...Click here
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Japan: Suntory’s exported products compliant with Japan’s new production and labelling standards for whisky
...Click here
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Ukraine: Farmers report 683.4 thousand hectares planted to barley to-date
...Click here
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Graph of the Week
Table of the Week
US Beer Sales, Import, and Export 2013 - 2023
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
11 April
1919 - The International Labour Organization is founded
1929 - Loetafoon celluloid film system demonstrated in Amsterdam
1992 - Euro-Disney opens near Paris
1994 - Software programmer Marc Andreesen, then 22 years old, and venture capitalist Jim Clark, the co-founder of Silicon Graphics Inc., found Mosaic Communications Corp
12 April
1903 - Jan Tinbergen is born, Dutch economist and U.N. advisor, Nobel 1969
1905 - French Dufaux brothers test helicopter
1992 - The Euro Disney Resort officially opens with its theme park Euro Disneyland. The resort and its park's name are subsequently changed to Disneyland Paris
1996 - One of the first companies ever to go public with an exclamation point in its name, Yahoo! Inc., launches its IPO on NASDAQ, selling 2.6 million shares at an initial price of $13 a share
13 April
1785 - John Walter publishes 1st issue of London Times
1888 - National Geographic Society is founded in Washington, D.C.
1942 - Henry Ford patents a method of constructing plastic auto bodies
1976 - The United States Treasury Department reintroduces the two-dollar bill as a Federal Reserve Note on Thomas Jefferson's 233rd birthday as part of the United States Bicentennial celebration
14 April
1863 - William Bullock patents continuous-roll printing press
1900 - President Loubet opens International Fairs in Paris
1987 - Turkey asks to join European market
Agenda
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)
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: Constellation Brands forecasts annual profit above expectations, sees strong demand for its beer brands
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Constellation Brands forecast annual profit above Wall Street expectations on April 11, banking on resilient demand for its core beer brands despite sticky inflation,
...More info on site
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North America: Canada barley crop forecast up on beneficial rains across several key regions
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Beneficial moisture has arrived across several key North America’s barley regions. Not all barley areas received moisture, but the general situation has improved and,
...More info on site
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USA: Diageo receives $75 mln grant to decarbonise operations at its two North America facilities
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The US Department of Energy’s Office of Clean Energy Demonstrations has awarded up to $75 million to decarbonise operations at two Diageo North America facilities, FoodBev.com reported on April 1.
The funds will support the electrification of its production sites in Shelbyville, Kentucky and Plainfield, Illinois – with the aim of making both facilities carbon neutral by 2026 and 2028, respectively.
The deal will see Diageo partner with Rondo Energy to install Rondo’s heat batteries at the production sites, providing low-cost, zero-carbon heat and power and eliminating reliance on natural gas for boilers used in heating processes.
These upgrades would reduce carbon emissions by nearly 17,000 metric tons per year, decarbonising the production facilities for spirits, RTD cocktails and Bulleit whiskey.
The US Department of Energy believes that the facility upgrades will provide a ‘highly replicable blueprint’ for how manufacturing facilities can integrate thermal batteries with intermittent renewable energy to achieve direct decarbonisation while reliably delivering a consumer-facing product to market.
Marsha McIntosh-Hamilton, president of North America supply, Diageo North America, said: “Today’s announcement from the Department of Energy marks a milestone for our North American operations and gives us the opportunity to incorporate innovative technologies into our production footprint to make our business more
...More info on site
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USA, NC: Brewery, wellness studios to open as one-stop neighborhood hangout in Asheville
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A local couple is on the path to bringing fitness and entertainment to the Asheville community at a hybrid brewery-wellness center.
This month, Josh and Shannon Brewer acquired the keys to the former Down Dog dog park, bar and yoga studio that closed last spring at 51 Sweeten Creek Road. The Brewers will transform the newly leased commercial building into a craft beer taproom with wellness studios.
Josh Brewer, who started as a home brewer, sought a place to open a brewery in Asheville after years as a professional brewer in Eastern North Carolina. Shannon Brewer recognized an opportunity to share her expertise in wellness with an audience in a joint venture.
“I said, ‘Why don’t we do a wellness studio and brewery together and it’s like whole-person wellness ― it’s mental, physical, spiritual, social and community — everything all together,” Shannon Brewer said.
The months-long renovation plan to upgrade the nearly 4,000-square-foot facility, spruce up the patio, and get beer production churning is intended to be complete in time for a November/December opening.
The entrepreneurs envision a place for the community to gather and find inner peace by participating in a yoga class or relaxing with a cold craft beer.
Josh Brewer said he imagines
...More info on site
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USA, PA: Willow Creek Brewing sets June 16 as its last date of business
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A destination for locally brewed stouts, IPAs and other beers in Berks County is set to end operations later this spring, WFMZ.com reported on April 10.
Willow Creek Brewing, a craft brewery offering a wide assortment of beers as well as entertainment such as live music, karaoke and trivia, will hold its last day of business on June 16, owners Mark and Joanne Camlin announced "with a heavy heart" on the business' social media pages.
"With the rise of goods and services along with the changing tides of consumers, it is time to move onto our next chapter, retirement," the couple announced.
"The good news is, we still have 2 1/2 months left to sing, dance, drink, and celebrate together. Come in and visit our incredible team Amy, John, and Jake, the best bartenders/friends ever! You guys are priceless and we love you!"
Willow Creek Brewing has become a popular spot for craft beer enthusiasts seeking a wide array of flavorful brews.
Unique selections include Ugly Dog (hazy New England IPA), Brooks Fore Ever (mild blonde ale), Basement Monkey (black cherry IPA), Hollow Chocolate Bunny's (stout), West Reading IPA (West Coast IPA), Faller's Pretzel Ale (wheat ale brewed with pretzels) and Nice Peach! (peach blonde
...More info on site
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USA, ME: Foulmouthed Brewing to close at the end of April
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Foulmouthed Brewing announced on April 10 that it will close at the end of April when it sells the business to an unnamed brewer, Bangor Daily News reported.
“These last 8+ years of brewing, cooking, and neighborhood life have been an amazing experience, but we’ve been offered an opportunity to sell the business and we feel the time is right for us to move on,” a farewell message on Facebook read.
The brewery said the new owner, described only as “a new, independent brewery with plenty of experience working within the industry here in Maine,” plans to continue operating as a restaurant and brewery and will reopen under their own name when they have the appropriate licenses.
“While in some ways we are sad to be saying goodbye, we are also excited for the next chapter for the neighborhood and for our own family,” the brewery said.
The last day under the Foulmouthed Brewing banner will be April 28, the brewery said, adding, “Cheers and thanks for all the good times.”
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USA, MD: Pariah Brewing shuts down after 7 years
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Employees of Pariah Brewing were carrying armloads of beer to their cars Friday, April 5th morning as owners for the business announced it would shut down its operations, The Baltimore Banner reported.
“We honestly should have closed a year ago. The toll this has taken is immeasurable,” co-owner Brian Mitchell wrote in an Instagram post announcing the decision Friday morning.
Mitchell launched the business with wife Christa in San Diego in 2017 before relocating to Baltimore in 2022. Its Hampden brewery was previously home to Union Craft Brewing, which is now based in Medfield. The owners could not immediately be reached for comment.
Pariah marks just the latest in a series of Maryland breweries and beer makers to shut their doors. Craft brewer Full Tilt closed down in 2023, while Diageo, the parent company of Guinness, ended manufacturing in its Halethorpe facility last year. Flying Dog, formerly headquartered in Frederick, sold to a company in New York and transferred its operations there.
“I could list a very long list why any brewery would close in 2024,” an owner for neighboring Waverly Brewing Company wrote in a Friday Facebook post expressing support for the Mitchells and for Pariah. “But today that’s not important....Cheers to Pariah,
...More info on site
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World: Malting barley prices higher as planting in Europe is delayed by weather
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Global malting barley prices are generally higher as the progress in planting Europe’s spring barley is delayed by weather, RMI Analytics said in their
...More info on site
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EU & UK: Malting barley prices reacting to seeding and poorer crop conditions concerns
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European malting barley prices are reacting to the concerns about late seeding and poorer crop conditions, with a sharp move higher for spring barley,
...More info on site
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EU: EU barley crop forecast increased by 0.7 million tonnes
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Strategie Grains has edged up its forecast for the European Union's 2024 soft wheat harvest reflecting favourable conditions in Spain, but output was still
...More info on site
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Belgium: Haacht brewery turns a loss in 2023
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The Haacht brewery turned a loss last year, partly due to declining beer sales in bars and restaurants, which resulted in there being no dividend for shareholders, according to parent company Co.Br.Ha.
The brewer, maker of beers such as Primus, Tongerlo, Super 8 and Charles Quint, suffered a net loss of €4.4 million in 2023. This marked a significant downturn from the previous year’s profit of €4.8 million.
The company attributes a decrease of 4.7% in beverage sales (4.4% for its own beers) and cost increases exceeding 15% to its poor financial performance.
"Rising prices for raw materials, energy costs and indexation of operating costs in 2023 were only partially offset by price increases and improved sales in the non-beer segment," Co.Br.Ha explained.
In Belgium, consumption of the brewery’s beers fell by 5.5% compared to 2022: decreasing 6% in the hospitality industry and 5% in shops. However, the company’s turnover did increase last year by 5.9%, totalling €118.9 million.
Restorative measures have been implemented to restore profitability, the brewery’s parent company confirmed. It anticipates improved margins due to falling raw material and energy prices, and a reduction in investments for 2024.
However, the brewer warns that the market conditions remain “particularly uncertain and challenging”.
"During the initial
...More info on site
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Australia: Winter crop sowing under way amid mixed conditions
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Sowing of Australia’s 2024-25 winter crop is under way in all states of Australia amid mixed conditions, Grain Central reported on April 10.
Very early indications are that only 3 percent of the national area has been planted to date, and most of that is grazing crops like oats and vetch, plus some early canola.
Growers generally like to open their main-season planting on April 25, Anzac Day, but agronomists say those who have just had rain, or are happy to sow dry, are making an early start.
Australian Crop Forecasters has released its preliminary estimates for the crop now being planted, and puts national wheat area at 13.6 million hectares (Mha), up from last year, barley at 4.4Mha, up 3pc, and canola at 3.2Mha, down 4pc.
“It’s very dry in Western Australia, where they’ve already started dry seeding at a slow pace,” ACF senior insights manager James Maxwell said.
“There’s a chance not all will be planted, and there will possibly be further downside for canola.”
The Grain Industry Association of WA will release its initial forecast for planted area next week, and while dry conditions in WA are not unusual ahead of the autumn break, the impact of a brutally hot and dry summer
...More info on site
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Australia: February barley, sorghum exports plummet
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Australia exported 498,382 tonnes of barley and 55,755t of sorghum in February, according to the latest data from the Australian Bureau of Statistics.
Feed barley exports at 379,875t fell 38 percent from the 609,217t shipped in January, while malting barley exports at 118,507t were down 63pc from the 316,041t shipped in January.
Sorghum shipments at 55,755t also posted a big drop, down 51pc from the 114,661t exported in January.
China was the major destination for feed barley, taking 272,082t, or 72pc, of total shipments, followed by Japan on 100,296t, and Thailand on 2172t.
China on 111,159t was also the destination for the vast majority of malting barley exports, followed by Singapore on 4703t and Thailand on 1113t.
Japan on 24,603t was the largest destination for February-shipped sorghum, followed closely by China on 24,163t and Taiwan on 4921t.
Flexi Grain pool manager Sam Roache said the drop in barley volume shipped in February has come as no surprise.
“That’s per expectations, and was largely due to the Chinese New Year holiday which interrupts logistics for an extended period,” Mr Roache said.
ABS figures for the month were around 40pc higher than shipping stem expectations, with Victorian exports outperforming significantly, and South Australia lagging.
“The lower February number is not
...More info on site
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The Philippines: San Miguel Corp. raise P20 billion from bond issuance
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Diversified conglomerate San Miguel Corp. (SMC) intends to raise P20 billion from the offering of the remaining tranche of its bond program, MSN reported
...More info on site
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UK: Molson Coors to spend £100 mln in improvements across its UK brewing network
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Molson Coors plans to spend £100 mln over the next five years in improvements across its UK brewing network, The Grocer reported on April 10.
The Carling brewer said it had earmarked the £100m figure to “improve capabilities and introduce greater efficiencies across its entire UK network” as well as to help hit net zero for its scope 1 and 2 emissions by 2035.
The programme of improvements kicked off in November last year with the installation of a new 24-tonne, 120,000 cans per hour, filler at its Burton brewery.
Molson Coors said the investment was needed to support the growth of brands including Madrí Excepcional – which in less than two years has grown to become the UK’s 12th biggest-selling lager, with sales of £93.3m [NIQ 52 w/e 9 September 2023].
Other improvements include upgrades to the packaging keg lines at Tadcaster Brewery and Aspall Cyder House.
Sharp’s Brewery in Cornwall, meanwhile, would also receive investment to “support new and existing cask ale brands” including Doom Bar, Solar Wave Hazy and Twin Coast, Molson Coors said.
“As a business, we have continued to invest in the UK throughout the challenges caused by the pandemic,” said Fraser Thomson, Molson Coors’ chief supply chain officer for Western
...More info on site
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Australia & EU: Australian malting barley cargo heads to EU to help store-up near-term supplies
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A Panamax of Australian malting barley is on its way to Rotterdam to help shore up near-term supplies ahead of what is expected to be a late start to Europe’s own harvest, Grain Central reported on April 11.
Weighing in at 60,000 tonnes, the cargo loaded in Port Kembla and Geelong.
RGT Planet, a French variety favoured by maltsters globally, is believed to have filled most or all of the hatches.
Trade sources say the competitiveness of Australian pricing, and the quality of grain from a kind harvest in terms of malting quality have made Australian barley stack up for the EU buyer.
“The underlying aspect is that malthouses around the port can price offshore grain from outside the EU at quite competitive prices,” Kardinia Group Consulting principal Terry Perryman said.
“I think there’s an interest to look outside of Europe from a risk point of view, and the progressive maltster has a concern about the traditional supply chain with climate change.”
Heavy rain since autumn has made this season a tough one for barley in parts of the EU, which produces around one third of the global crop.
“The story I keep hearing is that it’s too wet for their spring crops.”
Aside from a likely impact
...More info on site
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Cyprus: Beer deliveries up 10% in March this year
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Beer deliveries in Cyprus rose by an annual 10% in March 2024, with the annual rise driven by domestic deliveries, Stockwatch reported on April 9.
According to data released by the Statistical Service of Cyprus (CyStat), total beer deliveries in March amounted to 3.43 million litres, compared with 2.95 million in the respective period of last year.
Deliveries for the local market amounted to 3.3 million, marking an annual increase of 11.5%, CyStat added.
Beer exports declined by an annual 18% to 0.14 million litres compared with 0.17 million in March 2023.
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Germany: Homebrewers no longer need to report production to customs or pay tax on their brews
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Homebrewers in Germany will no longer need to report their yearly production to customs or pay tax on brews, even if more than 200 litres, The Drinks Business reported on April 9.
The decision, which came into force as Olaf Scholz’s government announced cuts to unnecessary bureaucracy, was reported in the Telegraph and will see an end to the taxes for any hobby brewers.
Until now, home brewers had needed to report their yearly production to customs and were subject to tax if they brewed more than 200 litres. But according to the German finance ministry, the take from this tax, said to be €11,000 (£9,400), does not justify the administrative effort and so will be scrapped.
In future, the reports outlined that homebrewers will only need to declare their hobby if they bottle 500 litres a year and, while experimental homebrewing has taken off in Germany, this is good news for many who have been dabbling with producing their own beers.
According to reports, the amount of homebrewers now in Germany has trebled in the past decade and now there are about 10,000 homebrewers registered with German customs.
Germany’s commercial beer production, which is ensured through the Reinheitsgebot, or beer purity rule, that limits
...More info on site
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Japan: Suntory’s exported products compliant with Japan’s new production and labelling standards for whisky
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Japanese multinational Suntory has announced that all of its exported products are compliant with the country’s new production and labelling standards which officially launched on 1 April, The Drinks Business reported on April 9.
House of Suntory has confirmed that all of its exported Japanese whiskies meet the official designation established by the Japan Spirits & Liqueurs Makers Association (JSLMA).
The new regulations regarding production and labelling have officially been in use since 1 April following a three-year grace period. In 2021, JSLMA announced a new set of standards to curb the spread of products misleadingly labelled as ‘Japanese whisky’. Labelling standards were enacted on 1 April 2021, with a three-year transition period for members of the association to comply.
The action was intended to protect the authenticity of Japanese whisky, a growing category.
While the association is a government-approved organisation, it is not a government agency, and therefore this change in regulations will be internally enforced by the association’s members rather than by any official legislation.
House of Suntory has welcomed the voluntary designation of ‘Japanese whisky’ established by the JSLMA. The multinational has confirmed that all exported Suntory Japanese whisky products are 100% distilled, matured, and bottled in Japan and compliant with the
...More info on site
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Ukraine: Farmers report 683.4 thousand hectares planted to barley to-date
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In the territory controlled by Ukraine, 1 million 260 thousand hectares of grain and pulses have already been sown, UkrAgroConsult reported on April 12.
The following areas planted to-date are being reported for the main crops and pulses:
wheat – 173.9 thousand hectares
barley – 683.4 thousand hectares
peas – 147.7 thou hectares;
oats – 117 thou hectares.
Over the past week, the country’s agrarians sowed 408.6 thou hectares of grains and pulses. Most of all:
• In Kyiv region – 23 thousand hectares of wheat, 39.3 thousand hectares of barley, 4.7 thousand hectares of peas and 3.6 thousand hectares of oats.
• In Ternopil region – 18.9 thou hectares of wheat, 63.6 thou hectares of barley, 3.6 thou hectares of peas and 5.1 thou hectares of oats.
• In Khmelnytsky region – 14.8 thou hectares of wheat, 59.1 thou hectares of barley, 2.6 thou hectares of peas and 2.5 thou hectares of oats;
• In Zhytomyr region – 13.7 thou hectares of wheat, 15.9 thou hectares of barley, 2.6 thou hectares of peas and 17.9 thou hectares of oats.
• In Vinnytsia region – 11.5 thou hectares of wheat, 52.3 thou hectares of barley, 6 thou hectares of peas and 1.1 thou hectares of oats.
• In Poltava region – 6.5 thou hectares of wheat, 73 thou
...More info on site
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