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E-Malt.com Newsletter 18b
May 02 - May 05, 2024
Quote of the Week
Things don't make me nearly as happy as talking and having a beer with my friends. And that's something everyone can do.
Drew Carey
Currency Rates
Base Currency: US Dollar
on May 03, 2024 |
Base Currency: Canadian Dollar
on May 03, 2024 |
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1 USD = 0.9334 EUR
1 USD = 0.7984 GBP
1 USD = 1.3705 CAD
1 USD = 1.5281 AUD
1 USD = 154.6600 JPY
1 USD = 5.1528 BRL
1 USD = 92.7098 RUB
1 USD = 7.2374 CNY
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1 CAD = 0.7296 USD
1 CAD = 0.5825 GBP
1 CAD = 0.6810 EUR
1 CAD = 1.1149 AUD
1 CAD = 112.8380 JPY
1 CAD = 3.7594 BRL
1 CAD = 67.6401 RUB
1 CAD = 5.2803 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Canadian barley prices grinding lower due to lack of export demand
...Click here
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USA, MI: Barrister Brewing Co. to open for business on May 6
...Click here
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USA, PA: Female owned Dough Daddy Brewery launches in Gibsonia
...Click here
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USA, WI: Third Space Brewing’s Innovation Brewhouse to open in Menomonee Falls tentatively in June
...Click here
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USA, ME: Mason’s Brewing Company suspends plans to build brewery in Auburn
...Click here
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USA, CA: Ballast Point Brewing’s Miramar-based brewery closes resulting in a series of layoffs
...Click here
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USA, NB: Cosmic Eye Brewing to close down for good in a month
...Click here
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USA, CA: DarkHeart Brewing slated to close on May 31
...Click here
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Denmark & Russia: Legal battles over Russian unit to last years, Carlsberg CEO says
...Click here
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Malaysia: Carlsberg Malaysia to pour in additional investments to boost portfolio expansion
...Click here
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Vietnam: Habeco reports its largest quarterly loss in four years
...Click here
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Australia: Asahi to close Matilda Bay's brewpub in Healesville, brand to continue
...Click here
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World: Guinness' non-alcoholic beer proving to be a hit worldwide
...Click here
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Ukraine: Ukraine barley exports seen high in May, producers’ union says
...Click here
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Ukraine: Feed barley prices up in April due to reduced supply
...Click here
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Australia: Prompts for investigation into international control over Australian beer market
...Click here
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Graph of the Week
Table of the Week
Belgium Malt Exports 2018 - 2023
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
02 May
1896 - The Dow Jones Industrial Average is first published
1913 - William R. Hewlett, co-founder of Hewlett-Packard Co., is born in Ann Arbor, Mich
1985 - Quantum Computer Services is incorporated in Delaware. In 1991 it changes its name to America Online, Inc.
1998 - The European Central Bank is founded in Brussels in order to define and execute the European Union's monetary policy
03 May
1830 - 1st regular steam train passenger service starts
1919 - America's 1st passenger flight (New York - Atlantic City)
1965 - 1st use of satellite TV, Early Bird Satellite
04 May
1626 - Indians sell Manhattan Island for $24 in cloth and buttons
1878 - Phonograph shown for 1st time at Grand Opera House
1959 - The 1st Grammy Awards are held
1979 - The first modern leveraged buyout using high-yield junk bonds -- a $381 million deal to take Houdaille Industries private -- is completed by Kohlberg, Kravis, Roberts & Co
05 May
1715 - French manufacturer debuts 1st folding umbrella (Paris)
1921 - Miniature newspaper published (Brighton Gazette 10 x 13 cm)
1949 - Council of Europe forms
Agenda
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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Canada: Canadian barley prices grinding lower due to lack of export demand
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Western Canadian barley prices have been grinding lower throughout the winter due to a lack of export demand and larger imports of U.S. corn,
...More info on site
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USA, MI: Barrister Brewing Co. to open for business on May 6
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The only craft brewery and taproom in Shiawassee County will be open for business on Monday, May 6, WNEM reported on May 2.
Barrister Brewing Co., located at 902 W. Main St. in Owosso, is housed in a historic building from the 1800s. It’s been turned into a taproom, brewhouse, and commercial kitchen, but the company kept many of the building’s historic elements, such as the original flooring and original front doors.
The company also did as much re-purposing as possible, such as re-wiring old light fixtures found in the basement, turning several old solid wood doors into guest tables and seats, and crafted the bar top from wood that was originally part of the garage.
The brewery’s meals and craft beverages, including 10 beers and hard seltzer on tap, are produced from locally sourced products. The kitchen uses local grains to create house-made buns, rolls, pretzels, and more, which pairs well with its beer cheese, chili, unique house-made sausage, and smoked local meats, the brewery said.
The company said it buys its grain from Michigan farmers and sends spent grain to a local farmer who uses it for animal feed.
Barrister Brewing Co. will be open from 11:30 a.m. to 9 p.m. on Mondays
...More info on site
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USA, PA: Female owned Dough Daddy Brewery launches in Gibsonia
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Caliente Pizza and Draft House, a pioneer in the craft beer and gourmet pizza scene, is proud to announce that the Caliente Family is growing with the grand opening of Dough Daddy Brewery in Gibsonia, Pennsylvania. Formerly known as Dough Daddy Beer Co., the establishment has evolved into a full-fledged brewery, marking an exciting new chapter for the brand. Owned by Angie Bogacz, the wife of Caliente Pizza and Draft House owner Nick Bogacz, Dough Daddy Brewery stands to carve a unique space in the beer world as a female owned and operated brewery, Brewbound reported on April 30.
Taking over the tasting room and beer garden previously occupied by Strange Roots, Dough Daddy Brewery will continue brewing their renowned beer on-site alongside Strange Roots. Both breweries will maintain their operations in Gibsonia, PA, with Strange Roots continuing to operate their Millvale and New Kensington taprooms as usual.
Located in the heart of Gibsonia, Dough Daddy Brewery is poised to become a destination for beer enthusiasts and food lovers alike. The expansion underscores Dough Daddy Brewery's commitment to innovation and quality in craft brewing.
"Dough Daddy Brewery represents the culmination of our passion for craft beer and dedication to excellence," said Angie Bogacz,
...More info on site
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USA, WI: Third Space Brewing’s Innovation Brewhouse to open in Menomonee Falls tentatively in June
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Construction is underway for Third Space Brewing’s Innovation Brewhouse in Menomonee Falls with a tentative opening date sometime in June, GMToday reported on April 30.
The 112-seat taproom will be located at Good Hope Road and Appleton Avenue. There will be 16 taps, as well as two side pull/specialty Czech Lukr taps for lagers. In warmer days, customers will be able to sit outside on a patio with space for up to 75. In addition to craft beers on tap, there will be a menu of elevated pub food, handhelds and shareables. The beverage menu will showcase Third Space Brewing’s beer, including existing favorites and new innovations, but will also include a selection of cocktails, liquors, wines, and non-alcoholic options.
"It’s a beautiful space that we hope will become a new ‘third space’ for people in the area looking to connect with old friends and new friends over great beer, great food, and great conversation," said Andy Gehl, Third Space Brewing’s cofounder & president.
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USA, ME: Mason’s Brewing Company suspends plans to build brewery in Auburn
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Big plans for a vacant plot of land on the Androscoggin River in Auburn are in disarray, with Mason’s Brewing Company confirming it has suspended plans “for now” to bring a 7,000-square-foot restaurant and brewery to downtown Auburn in what was supposed to be a mixed-use building at 186 Main St., Auburn, the Sun Journal reported on May 1.
The development was announced back in July 2022, and was to be built on a vacant lot bought from the city by Great Falls Construction, based in Gorham.
Mason’s new brewery initially was projected to be completed and ready to open by last summer. Owner and brewer Chris Morley would not say why the plans were changed, but offered this: “We just opened another location in Machias and hope that in the future we can circle back to Auburn.”
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USA, CA: Ballast Point Brewing’s Miramar-based brewery closes resulting in a series of layoffs
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Kings & Convicts Brewing has closed down Ballast Point Brewing’s Miramar-based brewery resulting in a series of staff layoffs, The Drinks Business reported on April 30.
Kings & Convicts Brewing bought Ballast Point Brewing from Constellation Brands in 2019 for an undisclosed sum, a sale that had followed Constellation Brands having spentUS$1 billion on acquiring it in 2015. At the time, Constellation Brands president and CEO Bill Newlands admitted deal had been made after trends in the US craft beer industry had “shifted dramatically” since picking up Ballast Point.
According to local reports, production at company’s HQ and 107,000-square-foot brewery ceases as it leans on contract-brewing while eyeing new locations.
Kings & Convicts Brewing CEO Brendan Watters said: “It’s been a hard week, but we had to right the ship. I’ve been trying to get us out of there for the better part of a year-and-a-half. We brought other breweries in [on a contract-brewing basis] to try to fill it up. It’s too big, and that ain’t Ballast Point. Ballast Point is Scripps Ranch back in the day, grinding 24 hours a day.”
Kings & Convicts revealed that it had initially planned to reinvigorate the Ballast Point brand, but the pandemic had left most
...More info on site
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USA, NB: Cosmic Eye Brewing to close down for good in a month
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Cosmic Eye Brewing will be permanently closing its doors on June 1, the business announced in a social media post on May 1st.
The brewery owners made the decision because they are “completely out of money, time and resources to continue on.”
All May events, including reservations, parties and shows, will continue as booked. However, bingo is over, and the last day of trivia is Thursday, May 2. Customers who booked events after June 1 will be contacted.
Cosmic Eye has been known for taking its beer and using it to benefit the community. In 2023, the business highlighted groups throughout Lincoln and donated a portion of their proceeds each month.
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USA, CA: DarkHeart Brewing slated to close on May 31
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Nestled on the edge of Sacramento is a brewery where love for beer and pirates are equal, but soon, the entire operation will cease to exist, The Sacramento Bee reported on May 2.
DarkHeart Brewing at 4339 Auburn Blvd, Suite B, in Arden Park, is slated to close on May 31, roughly five years after celebrating its grand opening.
Owners Cynthia and Rick Lee have been upfront about their business challenges.
In a message posted to the brewery’s site, the couple announced its current location would remain open through the end of May while they search for the “right spot.” The plan was to eventually shift operations to a new facility and stay in business.
That didn’t happen.
In a farewell post to customers on May 1, the duo said the decision to liquidate their business’ inventory and cease operations comes after failing to find a “suitable alternative location.”
“We hoped there (would) be a last minute miracle but know that time has run short and for us it is time to move on to the next journey,” the Sacramento couple wrote to its more than 1,900 Instagram followers. “We hope to see you all over the next month.”
As of May
...More info on site
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Denmark & Russia: Legal battles over Russian unit to last years, Carlsberg CEO says
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Legal wrangling over Carlsberg's seized Russian business will likely continue for years, its CEO Jacob Aarup-Andersen said on April 30, Reuters reported.
Moscow took control
...More info on site
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Malaysia: Carlsberg Malaysia to pour in additional investments to boost portfolio expansion
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Brewery giant Carlsberg Malaysia has pledged to pour in additional investments to boost select parts of its SAIL business strategy, with priority given to
...More info on site
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Vietnam: Habeco reports its largest quarterly loss in four years
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Ha Noi Beer Alcohol and Beverage Joint Stock Corporation (Habeco) experienced a significant setback in the first quarter of 2024 after a series of
...More info on site
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Australia: Asahi to close Matilda Bay's brewpub in Healesville, brand to continue
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Asahi Beverages has announced it will be closing Matilda Bay's brewpub in Healesville on May 19, less than five years after the pioneering brewery was revived by the major brewer and its founder, Phil Sexton, The Crafty Pint reported on May 2.
Ryan Saundry, general manager of Fire & Earth Ventures (the craft arm of Asahi/CUB), said in an emailed statement that, while they had enjoyed some success with innovation at the Matilda Bay brewpub, they'd made the "difficult decision" to close the doors and cease manufacturing there.
"We want to express our thanks and gratitude to our Matilda Bay team who have helped us expand the brand over the last few years, including through the very challenging COVID-19 period when we first launched the brewpub," Ryan said.
"The team really embodies the pioneering spirit of Matilda Bay, and we thank them for their contributions over the past few years."
Asahi said the closure would impact existing team members but they were supporting those impacted and actively exploring other roles within the business. They added that, while the venue would close, Matilda Bay beers will continue to be brewed at other CUB sites, including Pirate Life in Port Adelaide.
"This will help us
...More info on site
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World: Guinness' non-alcoholic beer proving to be a hit worldwide
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Guinness' non-alcoholic offering is proving to be a hit on both sides of the pond, with sales of the alcohol free stout increasing by nearly 50 percent last year, Microsoft Start reported on April 30.
Guinness 0.0 was rolled out in in 2021 and Diageo, the owners of the iconic brand, have been majorly pushing the product, particularly across the US, over the past year.
The hard work seems to have paid off. New figures shared this week show that sales of Guinness 0.0 increased by 48.7 percent between February 2023 and February 2024 in bars, restaurants and hotels.
Guinness 0.0 was the second best-selling non-alcoholic beer in the US last year, according to Insider Monkey.
Diageo increased the production capacity for Guinness 0.0 in Dublin by 300 percent last year, investing nearly $27million in a new dedicated building at St James' Gate.
The brewery plans to produce nearly 90 million pints of the non-alcoholic stout for the domestic and international market, including the US, this year.
Barry O’Sullivan, who leads Diageo in Ireland, told the Business Post that the company plans to increase the amount of pubs in Ireland with Guinness 0.0 taps from 1,400 to 2,000 by the end of the year.
Zack Berger, a
...More info on site
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Ukraine: Ukraine barley exports seen high in May, producers’ union says
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Ukraine has exported around 200,000 metric tonnes of barley in April and already contracted 180,000 tonnes for exports in May, agricultural producers' union said on April 30.
"We are actively selling old crop," the Agrarian Council, Ukraine's largest agribusiness group, said in a statement.
"We have already contracted 180,000 tonnes for May, of which at least one ship will be sent to China," it said.
Ukraine is a traditional barley grower and has exported about 2.2 million tonnes of the commodity so far in the 2023/24 July-June season.
The council said high export demand may push notional prices up by $2-$3 per tonne in the near future and the prices may reach $157-158 CPT (carriage paid to) in a week.
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Ukraine: Feed barley prices up in April due to reduced supply
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According to APK-Inform Agency, in April the prices for feed barley gradually increased in Ukraine.
The situation was mainly driven by the reduced supply of the grain on the market, rather high demand from traders and processing companies, and the corresponding dynamics on the adjacent markets.
Thus, during the month, the demand prices for feed barley increased by 200-500 UAH/t and as of May 1 were mainly recorded in the range of 5000-6400 UAH/t CPT. The maximum prices were typical for the southern region.
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Australia: Prompts for investigation into international control over Australian beer market
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The Federal Government and independent brewers are pushing the ACCC to investigate into the enormous power that large international companies have in the Australian beer market, 6PR reported on April 30.
Up to 85% of all beer brewed in Australia is produced by either one of two internationally owned companies, Lion or Carlton & United Breweries.
Independent Brewers Association CEO Kylie Lethbridge told Oliver Peterson on Perth Live these companies are locking up close to 90% of taps in venues through lucrative contracts, pushing up prices.
“The compounding effects for our breweries…we’re seeings those that are going into administration, those that are closing their doors, consolidating or going into hibernation so it is the most challenging time for the evolution of craft beer in our country,” Lethbridge said.
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