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E-Malt.com Newsletter 21a
May 20 - May 22, 2024
Quote of the Week
There is nothing in the world like the first taste of beer.
John Steinbeck
Currency Rates
Base Currency: US Dollar
on May 22, 2024 |
Base Currency: Canadian Dollar
on May 22, 2024 |
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1 USD = 0.9209 EUR
1 USD = 0.7867 GBP
1 USD = 1.3639 CAD
1 USD = 1.5000 AUD
1 USD = 156.2420 JPY
1 USD = 5.1066 BRL
1 USD = 90.3156 RUB
1 USD = 7.1743 CNY
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1 CAD = 0.7331 USD
1 CAD = 0.5767 GBP
1 CAD = 0.6751 EUR
1 CAD = 1.0997 AUD
1 CAD = 114.5420 JPY
1 CAD = 3.7437 BRL
1 CAD = 66.2108 RUB
1 CAD = 5.2595 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, CA: Sapporo-Stone Brewing unveils phase one of its $60 mln expansion
...Click here
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USA, NC: James Brewing Company’s newest location now open in Pineville
...Click here
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USA, OH: Standardized Brewing coming to Lewis Center this month
...Click here
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USA, NH: Portsmouth Brewery won’t be reopening and is up for sale
...Click here
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USA, MI: Linden Brewing Company to hold grand opening on May 24
...Click here
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USA, ID: Idawild Brewing Company to shut down for good
...Click here
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USA, VA: The Craft of Brewing to close its doors on June 8
...Click here
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Australia: Coca-Cola sells Feral Brewing to joint venture
...Click here
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Brazil: Latin America's largest malt house ramps up production
...Click here
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Germany: Farmers plant less winter wheat, more spring barley this year
...Click here
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Nigeria: Nigerian brewers double on local inputs amid foreign exchange crunch
...Click here
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South Korea: New beer trends emerging in Korea as industry enters its peak summer season
...Click here
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UK: Draymen and warehouse staff strike could lead to beer shortage this summer
...Click here
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Graph of the Week
Table of the Week
China Hops Area and Production 2016-2023s
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
20 May
1806 - John Stuart Mill is born, UK, philosopher/political economist/Utilitarian
1875 - International Bureau of Weights and Measures forms by treaty
1892 - Charles Brady King invents pneumatic hammer
1983 - First publications of the discovery of the HIV virus that causes AIDS in the journal Science by Luc Montagnier
21 May
1570 - 1st atlas, with 70 maps, published
1761 - 1st life insurance policy in U.S., issued in Philadelphia
1929 - Automatic electric stock quotation board installed, New York City
22 May
1785 - Benjamin Franklin announces his invention of bifocals
1900 - Associated Press News Service forms in New York
1918 - King Oil/Shell refinery on Curacao officially opens
Agenda
May 2024:
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, CA: Sapporo-Stone Brewing unveils phase one of its $60 mln expansion
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Two years following the announcement of its acquisition by Sapporo U.S.A., San Diego-based Sapporo-Stone Brewing, unveils the near completion of phase one of its expansion project at its Escondido brewery, ABC27 reported on May 21.
The $20 million investment in the Escondido, CA facility is one of two significant investments for growth with $40 million invested in the company's Richmond, VA operation. These investments will result in the doubling of the company's capacity to about 700,000 barrels a year across its bi-coastal breweries. The brewing of Sapporo beers in Escondido, CA and Richmond, VA is now underway.
Stone Brewing, Southern California's largest craft brewery was acquired by Sapporo U.S.A. in 2022. The goal was to transition from an importer to a U.S. brewer, ultimately brewing, selling, and marketing all of Sapporo's beers for the U.S. market locally. Richmond's expansion will be unveiled this fall. By late summer, all production of Sapporo beers will have moved from Canada and Asia to the U.S.
Sapporo-Stone Brewing is now a combined team of nearly 850 employees, about 600 of whom are based in San Diego County. In support of its expansion project, the company added 125 jobs locally and another 75 outside of San Diego
...More info on site
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USA, NC: James Brewing Company’s newest location now open in Pineville
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Another spot has officially joined the lineup of local breweries in Waxhaw. After months of anticipation, Middle James Brewing Company’s newest location is now open for business in the space formerly home to The Dreamchaser’s Brewery, which closed in February, the Rock Hill Herald reported on May 20.
Middle James Brewing, which also recently expanded to Rock Hill, originally opened its doors about five years ago in Pineville. Now beer lovers in Waxhaw can get a taste of the beloved brewery in the family-friendly space with over a dozen beers on tap.
“We have said many times that the cities we plant seeds in with our brewery locations are more than just an address. We look to grow roots in those towns that will bring us even closer to the folks that live there,” the team said in its first announcement of the expansion.
“We hope that the town of Waxhaw will be just as thrilled as we are to be joining many other incredible businesses with solid roots. Neil and the folks at Dreamchaser’s Brewery created a wonderful spot, one that many of us created lifelong memories in, and one that gave many a feeling of hometown comfort. This is exactly
...More info on site
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USA, OH: Standardized Brewing coming to Lewis Center this month
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Anew spot brewing coffee and craft beer alike is coming soon to Lewis Center, 614NOW reported on May 20.
Standardized Brewing will open its doors to the public on May 23.
The brewery and coffee shop is located at 5920 Evans Farm Dr., STE A, inside Lewis Center’s Evans Farm development.
The Lewis Center spot’s opening taplist will feature a range of brews, from double IPAs to English mild ales and German Pilsners. Standardized Brewing also has a slate of autumnal-themed beers on deck for fall, including an Oktoberfest and their Scarlet Ale.
Standardized Brewing will also offer One Line Coffee prepared as nitro cold brew, espresso, pour over and more, plus a variety of teas. In addition to drinks, the new coffee shop and brewery plans to serve Der Dutchman donuts and pastries fresh daily.
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USA, NH: Portsmouth Brewery won’t be reopening and is up for sale
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A popular spot in Portsmouth is going up for sale.
The owners of the Portsmouth Brewery said they are not reopening, WMUR reported on May 19.
The brewery originally closed after a sprinkler main went off, causing catastrophic flooding in the building.
Co-owner Peter Egelston said the price of repairs to meet city code would cost too much.
If the building is not sold, the assets, including furnishings and equipment, will be sold separately.
The Portsmouth Brewery had been in business for more than 30 years.
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USA, MI: Linden Brewing Company to hold grand opening on May 24
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Linden Brewing Company in Linden, Michigan has announced a grand opening date, Cars 108 reported on May 17.
The highly anticipated brewery will officially open on Friday, May 24th, 2024.
Owners Ryan and Nikki McDonald also own Hartland Brewing Company. Linden Brewing Company will be modeled after Hartland Brewing in service, atmosphere, and quality of products.
Linden Brewing Company is located at 117 North Bridge Street in beautiful downtown Linden.
The grand opening hours are as follows,
• Friday, May 24th, 2024: 11:00 AM to 10:00 PM
• Saturday, May 25th, 2024: 11:00 AM to 10:00 PM
• Sunday, May 26th, 2024: Noon to 8:00 PM
• Monday, May 27th, 2024: 9:00 AM to 9:00 PM (special Memorial Day hours)
• On Memorial Day, from 9:00 AM until noon guests can enjoy Mimosas, Bloody Beers, and Lugnuts (mini doughnuts) for the parade.
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USA, NV: Parlay6 Brewing Co. opens in Reno
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The menu at The Par by Parlay6 Brewing Co. is wonderfully weird. It’s the newest brewery on the block—and in the space—taking over the midtown location after Wonder Aleworks closed. They brew their own beer—there are five on tap —and also offer other brews on tap and by the bottle. There are plenty of White Claw seltzers, too, This Is Reno reported on May 19.
The space offers big televisions showing sports games, a collection of cozy dining tables with colorful fur accents, a patio with covered outdoor seating and a big old couch for group hangs. My favorite seat, however, is at the bar, where you have a front-row seat to the action, and it’s easy to request refills of whichever IPA you’re drinking.
The beer menu, at least those brewed by Parlay6, is heavy on IPAs, including hazy and juicy varieties. If you’re not an IPA drinker, the 10 AM Blonde offers up a lighter sipper still heavy on the flavor. It’s a tad bit hoppy but not overwhelming and goes down easy without feeling like a cheap brew.
While the beer list is pretty straightforward and creative in its monikers (the juicy IPA nods to that famous Biggie song
...More info on site
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USA, ID: Idawild Brewing Company to shut down for good
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In a heartfelt post on Instagram, Idawild Brewing Company announced its final day of service would be May 31, Boise Dev reported on May 17.
Cortni and her husband, Matt Nader, opened the brewery back in 2022. In 2023, the pair welcomed a baby, and naturally, life became busier.
She said with all the work the brewery required, and wanting to spend as much time as possible with their child, it was time to say goodbye.
“It was definitely a really great time we learned so much about ourselves and business,” Nader said “…Our hats are off to everyone who’s able to make it work running a family-owned business. It is certainly not easy. It’s all on you all the time. No, weekends, no holidays. It’s literally a 24/7 job. And that’s just not the lifestyle we want to be living right now. So we’ve found a way that we can get more of ourselves to our family life and kind of slow down a little bit.”
Idawild will have a send-off party on the last day. Nader says the plan is still being worked through but their favorite food truck, Big Beans Tacos, will be there.
“It was it was a really great community
...More info on site
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USA, VA: The Craft of Brewing to close its doors on June 8
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Unfortunate news as a Loudoun County brewery announces that it will be closing its doors. The Craft of Brewing in Ashburn anticipates its last day in operation will be June 8, The Burn reported on May 19.
The Craft of Brewing is located on Ashburn Crossing Drive off Loudoun County Parkway, just north of Gloucester Parkway.
It originally opened in 2018, but the double whammy of COVID and rising rents and costs has proven to much to overcome.
“We’re proud of what we’ve accomplished, but just can’t make things work financially when looking at significant increases to our expenses going forward without a comparable increase in revenue,” the management team announced on social media. “Time to cut our losses.”
Besides brewing and serving a variety of beers, The Craft of Brewing also worked with local beer enthusiasts and helped them brew their own beers using the brewery’s equipment and ingredients.
As the June closing date gets closer, Craft’s website says that all beers are being offered at 50 percent off.
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Brazil: Number of breweries up 6.8% in 2023
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The number of breweries in Brazil saw a 6.8% increase in 2023 to 1,847, Vitoria News reported, citing the latest Anuario da Cerveja published
...More info on site
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Australia: Coca-Cola sells Feral Brewing to joint venture
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Coca-Cola Europacific Partners Australia (CCEP Australia) has sold Feral Brewing to a joint venture comprising Nail Brewing and a consortium of investors, including fellow independent Western Australia brewery Beerfarm, Inside FMCG reported on May 21.
CCEP Australia MD Orlando Rodriguez said the sale of Feral Brewing will allow the company to focus on its core NARTD (non-alcoholic ready-to-drink) portfolio.
“The purchasers possess the attributes to deliver the necessary scale to achieve long-term sustainable growth for the Feral business and, just as importantly, to continue to invest in the development and growth of the Feral team,” added Rodriguez.
With a strong footprint in the WA brewing industry, Beerfarm and Nail Brewing said they will continue to support and grow the Feral brand and its production volumes while maximising beer production at their Bassendean site.
Feral Brewing’s production facilities will be used to produce Beerfarm’s products, enabling Beerfarm to triple its volume, expand its presence in the craft beer industry, and meet the supply demands of larger liquor distributors in the country.
Meanwhile, Beerfarm’s Metricup brewing facilities will continue to produce a core range of products and enable further innovation to pioneer new craft beer and other products.
In response to the acquisition, Ian Atkins, founder and
...More info on site
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Brazil: Latin America's largest malt house ramps up production
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Production at the Maltaria Campos Gerais, Latin America's largest malt house in Ponta Grossa, Paraná, in southern Brazil ramped up in May 2024. PENETRON
...More info on site
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Germany: Farmers plant less winter wheat, more spring barley this year
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Germany's winter wheat area for the 2024 harvest has been reduced by 8.3% year on year to about 2.6 million hectares, Germany’s national statistics
...More info on site
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Nigeria: Nigerian brewers double on local inputs amid foreign exchange crunch
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Nigerian brewers are turning to sorghum in place of barley for brewing beer and malt drinks to reduce their foreign exchange exposure following the FX crisis plaguing Africa’s most populous nation, BusinessDay NG reported on May 17.
Aside from mopping up a larger percentage of available sorghum in the country, the brewers are also directly investing in sorghum cultivation, with some billed for harvest in two to three years. The move is seen helping the beer makers to save millions of dollars they would have spent on the importation of barley malt and concentrate as well as drive down their cost of production.
Joshua Adedeji, chairman of the Sorghum Farmers Association of Nigeria, South-West, said there has been an increase in the demand for sorghum from the brewery industry, especially since the beginning of the year when the FX crisis worsened.
According to Adedeji, Nigeria is presently unable to meet the demand of brewers, noting that some, including the Nigerian Breweries, are heavily investing in backward integration to ensure a sustained supply of the grain.
“Presently, only seven major northern states produce sorghum in large quantities and that has not been able to meet the needs of manufacturing companies that use the crop.”
Data from
...More info on site
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South Korea: New beer trends emerging in Korea as industry enters its peak summer season
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As South Korea’s beer industry enters its peak summer season, a new trend is emerging: low-sugar, low-alcohol, and low-calorie beers, Pulse News Korea reported on May 21.
This shift aligns with the “healthy pleasure” trend gaining traction among the young consumers who are increasingly favoring lighter beers over the traditional 4.5 percent alcohol content brews.
CU convenience store announced on Sunday that the newly launched 1.5 Degree Beer, introduced on May 8, sold over 8,000 units by May 16.
This beer has quickly risen to the fifth spot in sales among 15 domestic beers, particularly resonating with younger consumers.
Sales data showed that 20-somethings accounted for 50.7 percent of its sales, followed by those in their 30s at 38.4 percent. This contrasts with the overall domestic beer sales where the 30s demographic leads.
The trend towards no and low alcohol products is rapidly growing, especially among those who enjoy drinking at home. This has led beer companies to roll out a variety of related products. These include zero-alcohol beers, which boast no calories or sugar, and low-calorie beers with reduced sugar and carbohydrate content compared to regular beers.
Oriental Brewery recently launched Michelob ULTRA, a premium low-calorie beer originally introduced in the U.S. in 2002.
With just
...More info on site
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UK: Draymen and warehouse staff strike could lead to beer shortage this summer
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Pub-goers face beer taps running dry this summer as draymen and warehouse staff strike for more than three weeks, union bosses warned, the Daily Star reports .
More than 100 workers at GXO Logistics, which supplies Whitbread pubs, will down tools from May 28 in a row over pay.
The pub giant operates more than 800 taverns across the UK, including Beefeater and Brewers Fayre venues, plus over 800 Premier Inns.
Unite said the action could affect deliveries of lagers, ales, wines, spirits and favourite meals and snacks - just as revellers look to descend upon beer gardens.
The industrial action may also impact GXO customer Costa, which operates around 14,000 sites in the UK.
Unite said in a statement: “The GXO Logistics workers transport goods for popular brands such as Costa Coffee and Whitbread, which owns Premier Inn.
“Unite believes that provisions, such as food and drink, will be in short supply while workers are taking industrial action.”
Union chiefs said some workers at the depot in Feltham, west London, suffered “alarmingly low pay” of just over £12 an hour.
Unite general secretary Sharon Graham said: “It’s disgraceful that a multi-billion-pound company is paying its workers below the London Living Wage.”
The London Living Wage is currently set
...More info on site
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