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E-Malt.com Newsletter 16b
April 18 - April 21, 2024
Quote of the Week
One secret of success in life is for a man to be ready for his opportunity when it comes.
Benjamin Disraeli
Currency Rates
Base Currency: US Dollar
on April 19, 2024 |
Base Currency: Canadian Dollar
on April 19, 2024 |
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1 USD = 0.9377 EUR
1 USD = 0.8027 GBP
1 USD = 1.3760 CAD
1 USD = 1.5534 AUD
1 USD = 154.4310 JPY
1 USD = 5.2403 BRL
1 USD = 93.9394 RUB
1 USD = 7.2354 CNY
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1 CAD = 0.7266 USD
1 CAD = 0.5833 GBP
1 CAD = 0.6814 EUR
1 CAD = 1.1288 AUD
1 CAD = 112.2140 JPY
1 CAD = 3.8078 BRL
1 CAD = 68.2592 RUB
1 CAD = 5.2575 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, SC: Good Girl Brewing Co. getting close to launching in Aiken
...Click here
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USA, NJ: Esker Hart Artisan Ales to open in Hunterdon on May 4
...Click here
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USA, VA: Lark Brewing Co. opens new farm brewery in Aldie
...Click here
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Spain: Leading brewer Mahou San Miguel closes 2023 with record 6.1% rise in turnover
...Click here
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Argentina: Barley crop forecast unchanged although more beneficial rain adds to optimism around good start of crop year
...Click here
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Kazakhstan: Carlsberg to open new plant in Kazakhstan
...Click here
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Nigeria: Shareholders of International Breweries approve $379.9 million loan
...Click here
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Ireland: Heineken to increase cost of its draught beers from 4 June
...Click here
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UK: Draught beer prices up 0.5% during the first quarter of 2024
...Click here
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Russia & China: Russian barley supplies to China increase in January-February
...Click here
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Denmark: Carlsberg launches a series of super premium Alchemy Brews
...Click here
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Graph of the Week
Table of the Week
Africa Barley Imports, Production, Consumption, and Stocks
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
18 April
1921 - Junior Achievement incorporated in Colorado Springs Colo
1948 - International Court of Justice opens at Hague Netherlands
1968 - London Bridge is sold to U.S. oil company to be erected in Arizona
19 April
1662 - Royal Society incorporates
1892 - Charles Duryea claims to have driven the first automobile in the United States, in Springfield, Massachusetts
1940 - 1st electron microscope demonstrated (RCA)
1948 - ABC-TV network begins
1971 - Launch of Salyut 1- the first space station
20 April
1926 - 1st check sent by radio facsimile transmission across Atlantic
1946 - The League of Nations officially dissolves, giving most of its power to the United Nations
1948 - 1st Polaroid camera was sold in US
1964 - BBC Two launches with a power cut because of the fire at Battersea Power Station
1973 - Canadian ANIK A2 becomes 1st commercial satellite in orbit
21 April
1654 - England and Sweden sign trade agreement
1982 - Dr. Michael E. Bakey performs 1st successful heart implant
1983 - 1 pound coin introduced in United Kingdom
Agenda
April 2024:
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, SC: Good Girl Brewing Co. getting close to launching in Aiken
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Good Girl Brewing Co. is getting close to making its debut in Aiken, the Post and Courier reported on April 19.
The business is scheduled to open May 7.
Located at 880 Banks Mill Road S.E., Good Girl will serve craft beer made on its premises and food.
The brewery/restaurant’s building, which has been renovated, is the former home of Found Treasures, an antiques and collectibles store that closed in 2020.
Andrew and Rachael Phifer told the Aiken Standard early in 2023 that their friends, Paul and Morgan Batton, and Rachael’s parents had joined them on Good Girl’s ownership team.
Phifer Brewing LLC purchased the 1.26-acre property for Good Girl, which is next to Citizens Park, for $259,000 in January 2021.
The Phifers “have learned to navigate zoning permits, [the] rising cost of lumber and materials, loan approvals, construction delays and more,” according to a Facebook post earlier this year.
“Although the question of opening was always on our minds, we made an intentional choice to put the question ‘are we doing this right and to the best of our abilities?’ first in our mind,” the post further stated. “Sometimes this has made things slower or made us redo processes to get them right, but it has
...More info on site
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USA, NJ: Esker Hart Artisan Ales to open in Hunterdon on May 4
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After nearly a year without a brewery, a new “heartbeat of High Bridge” is set to open in the wooded Hunterdon County borough, MyCentralJersey.com reported on April 16.
Esker Hart Artisan Ales will open May 4 at 20 Main St., the former home of Highrail Brewing Company.
“Everyone is extremely excited to start coming because they told me this brewery has been the heartbeat of High Bridge,” said owner and brewer Bob D’Angelo. “They’re waiting for that heartbeat to come back.”
Esker Hart Artisan Ales will be open 4 to 9 p.m. Fridays, noon to 9 p.m. Saturdays, and noon to 6 p.m. Sundays. Later this year, it will also have Thursday hours.
Inside the rustic-yet-contemporary 1,800-square-foot space, up to 45 visitors can sit on sleek leather chairs next to live edge, reclaimed wood tables. The forest-themed space will feature a preserved moss wall, as well as black and tan walls. Alternative rock hits from the 2000s will play on the speakers, with songs from bands like My Chemical Romance, Taking Back Sunday and Circa Survive.
The vibe will match the beers cans’ new labels, which D’Angelo described as “rustic meets '50s parlor meets film noir.” D’Angelo majored in fine arts and specialized in photography
...More info on site
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USA, VA: Lark Brewing Co. opens new farm brewery in Aldie
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Lark Brewing Co. is thrilled to announce the grand opening of its highly anticipated farm brewery in Aldie, VA. Beer lovers, food enthusiasts, wine aficionados, and community members are invited to experience the vibrant atmosphere and exceptional offerings at their newly launched establishment in Loudoun County, Virginia, Yahoo Finance reported on April 17.
Situated just off Route 15 (24205 James Monroe Hwy) in Aldie, VA, Lark Brewing Co. is poised to become a cherished destination for locals and visitors alike. With a dedication to crafting outstanding craft beers and providing a welcoming and memorable experience for all, the brewery promises an unforgettable experience from the moment you step through our doors.
"At Lark Brewing Co., we're passionate about creating more than just great beer; we're dedicated to fostering a sense of community and family," says Kat Huff, Director of Operations and Hospitality. "Our team has poured their hearts into every aspect of this brewery, from the carefully curated beer and wine selections to the inviting atmosphere. We can't wait to share it with our guests."
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Spain: Leading brewer Mahou San Miguel closes 2023 with record 6.1% rise in turnover
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Spanish brewer Mahou San Miguel closed 2023 making history. Thanks to a series of strategies such as the modernization of its production centers, the
...More info on site
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Argentina: Barley crop forecast unchanged although more beneficial rain adds to optimism around good start of crop year
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More beneficial rain has fallen the past two weeks across Buenos Aires province, which is optimistic for a good start to crop 2024, RMI
...More info on site
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France: Grain sowing area to decrease by 7%
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According to the French Ministry of Agriculture, the area sown for grain crops for the 2024 harvest will be reduced to 6.81 million hectares,
...More info on site
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Kazakhstan: Carlsberg to open new plant in Kazakhstan
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Kazakh Invest has announced that Danish company Carlsberg is to open a new factory in Almaty to produce non-alcoholic beverages worth $50 million.
In preparation
...More info on site
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Nigeria: Shareholders of International Breweries approve $379.9 million loan
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Shareholders of International Breweries Plc have approved the company’s $379.9 million shareholder loan and debt-to-equity conversion, Nairametrics reported on April 18.
The approval was given at the Extraordinary General Meeting of International Breweries Plc held in Lagos on April 18.
According to the company’s notice to the Nigerian Exchange Limited and investing public on the outcome of the EGM seen by Nairametrics, shareholders accepted and approved the $379.9 million convertible loan from AB InBev Nigeria Holdings BV for the repayment of a loan from Citibank Abu Dhabi, subject to management’s terms.
The statement signed by Dr. (Mrs) Marian Reginald-Ukwuoma, Company Secretary/Legal Counsel, noted that the following resolutions were proposed and duly passed by the shareholders:
• “That the convertible loan of US$379.9million from AB InBev Nigeria Holdings BV (‘Shareholder Loan”) in respect of the repayment of the loan obtained by the Company from Citibank Abu Dhabi is hereby accepted and approved in accordance with the terms and conditions presented by the Management of the Company.
• Subject to complying with applicable regulatory requirements, the Directors are authorized to apply all sums due from the Company to AB InBev Nigeria Holdings BV under the Shareholders Loan, towards payment for any shares subscribed for by AB InBev Nigeria
...More info on site
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Ireland: Heineken to increase cost of its draught beers from 4 June
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Heineken is due to increase the cost of its draught beers by 3%, or six cent per pint, The Journal reported on April 16.
The changes will come into effect from 4 June.
In a statement, a Heineken Ireland spokesperson said the move is “due to continued increases in underlying costs”.
As a result, the spokesperson said Heineken needs to “adjust our pricing on our draught products”.
Its products include Heineken, Birra Moretti, Orchard Thieves, Coors, Foster’s, Beamish, Murphy’s, as well as craft and variety beers including Cute Hoor, Paulaner, and Zywiec.
The spokesperson confirmed a list price increase of 3%, or six cent 6 cent per pint, will apply to its draught product range from 4 June.
The spokesperson added: “Despite our ongoing efforts to increase productivity and reduce costs, it is impossible for us to absorb all of the increased costs that we have been faced with, and therefore we need to adjust our pricing.”
Last month, international alcohol distributor Diageo announced a similar price hike.
Its draught beers, including Guinness, Harp, Carlsberg, Hop House 13, Smithwicks and Rockshore, will increase by six cent per pint from tomorrow.
Meanwhile, Guinness 0.0, the non-alcoholic version, will go up by 9c.
It’s the latest of a series of price increases
...More info on site
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UK: Draught beer prices up 0.5% during the first quarter of 2024
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Draught lager prices saw a 0.5% uptick during the first quarter of 2024, new data has revealed, the Morning Advertiser reported on April 18.
Analysis of data released earlier this week by the Office for National Statistics (ONS) showed a pint of draught lager increased by 2p, from £4.69 to £4.71, between January and March.
Year-on-year, prices jumped by 4.6% in March 2024, up from £4.50 in 2023.
However, this was the lowest annual increase of the quarter, the largest being in January, when lager costs soared by 10.8% year-on-year.
Previous data showed a 5.6% hike between February last year and this year, from £4.45 to £4.70.
When compared with pre-pandemic levels, draught lager prices were up by 28.6% from £3.66 in March 2019.
The Campaign for Real Ale (CAMRA) national chairman Nik Antona told the MA: "The economic landscape continues to be a harsh environment for pubs, social clubs and brewery taprooms to withstand.
“The latest beer price increases will be unwelcome news to customers already being cautious with their cash throughout the cost-of-living crisis.”
In addition, Antona said while the data showed the lowest year-on-year increase during the quarter, this would be “little consolation” to operators who are “desperately counting their pennies”.
Conversely, draught bitter prices saw a
...More info on site
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Russia & China: Russian barley supplies to China increase in January-February
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According to the General Administration of Customs of China, in the first two months of this year, the volume of Russian barley supplies to China increased 13.4 times compared to the same period last year and amounted to more than 180 thousand tonnes, the Federal Center Agroexport reports.
"In terms of value, grain supplies in January-February increased by 10.6 times to $43 mln," the report says.
It is also noted that, according to Agroexport's estimates, by 2030, the annual potential of Russian barley supplies to China could reach about 1 mln tonnes, worth more than $200 mln.
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Denmark: Carlsberg launches a series of super premium Alchemy Brews
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Carlsberg announced on April 19 the launch of a series of six signature, super premium Alchemy Brews, developed and crafted at The Carlsberg Research Laboratory and sold exclusively at Home of Carlsberg.
The Alchemy Brews series is named after the brand’s innate curiosity and pursuit of brewing the best beer in the world through science. It’s a mantra that has been at the forefront of everything Carlsberg has done since J.C. Jacobsen founded the brewery in 1847, and the series represents over 150 years of brewing science.
The series takes you on a journey through six different beers, including a smooth, balanced, and refreshing wheat lager, a vinous, tannic, and slightly acidic ale, and a unique, elegant, and intriguing beer, which got the name The Rubedo.
Zoran Gojkovic, Brew Master at the Carlsberg Research Laboratory, explains the uniqueness of The Rubedo, which beer type is yet to be defined:
“As part of extensive research in speciality raw materials and new flavours, we started using our red barley, developed at Carlsberg Research Laboratory, several years ago. After testing the wide variety of yeasts and microorganisms, The Rubedo was finally created as a three-stage sequential fermentation process followed by bottle conditioning and méthode traditionalle, a process
...More info on site
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