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E-Malt.com Newsletter 22a
May 27 - May 29, 2024
Quote of the Week
Take your victories, whatever they may be, cherish them, use them, but don't settle for them.
Mia Hamm
Currency Rates
Base Currency: US Dollar
on May 29, 2024 |
Base Currency: Canadian Dollar
on May 29, 2024 |
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1 USD = 0.9199 EUR
1 USD = 0.7828 GBP
1 USD = 1.3631 CAD
1 USD = 1.5015 AUD
1 USD = 156.9090 JPY
1 USD = 5.1633 BRL
1 USD = 89.4414 RUB
1 USD = 7.2420 CNY
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1 CAD = 0.7335 USD
1 CAD = 0.5742 GBP
1 CAD = 0.6747 EUR
1 CAD = 1.1013 AUD
1 CAD = 115.0960 JPY
1 CAD = 3.7874 BRL
1 CAD = 65.6069 RUB
1 CAD = 5.3122 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Import beer sales overtake domestic premium beer sales for the first time ever
...Click here
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USA: Craft beer sales decrease 0.8% in 2023, analysis shows
...Click here
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USA, MN: First Black woman-owned brewery coming to Minnesota
...Click here
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Canada, ON: Ontario introducing sales of beer, wine, and cocktails into corner stores
...Click here
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USA, OH: Cornerstone Brewing Co. passes under Avon Brewing Co.’s ownership
...Click here
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USA, WI: Lakefront Brewery to buy Public Craft Brewing in Kenosha
...Click here
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USA, SC: Beloved Greenville brewery “HabiTap” officially closes its doors
...Click here
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World: Barley crop forecast reduced by 0.1 mln tonnes
...Click here
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Nigeria: Leading brewers record N169.7 bln loss in Q1 2024
...Click here
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EU & UK: Barley crop conditions improve slightly across Europe
...Click here
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EU: EU crop monitoring service raises barley yield forecast
...Click here
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UK: Wet and wild spring expected to spark inflation-busting price rises on beer, barbecue meat, other summer favourites
...Click here
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Cameroon: Cameroon Beverages Company launches new bottling line at its Bafoussam plant
...Click here
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Kenya: Heineken to pay Sh1.8bn to local distributor after losing appeal
...Click here
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Belgium: Carlsberg opens ‘immersive’ Grimbergen Experience in Belgium
...Click here
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Graph of the Week
Table of the Week
USA Malt Exports 2019 - 2023
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
27 May
1895 - British inventor Birt Acres patents film camera/projector
1952 - European Defense Community forms
1969 - Walt Disney World construction begins
28 May
1783 - Benjamin Tower of Philadelphia publishes 1st daily newspaper in U.S.
1849 - Patent for lifting vessels granted to Abraham Lincoln
1863 - Georg Adler, German state economist is born
1958 - Cuban Revolution
29 May
1527 - 1527 University of Marburg (Germany) founded
1848 - William G. Young patents ice cream freezer
1933 - Patent on invisible glass installation
Agenda
May 2024:
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:
06 - 07: Glug Swiss 2025 (Alte Reithalle, Aarau, Switzerland)
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)
12 - 15: Festival Brasileiro da Cerveja 2025 (Blumenau, Brazil)
19 - 20: BeerX 2025 (Liverpool, UK)
April 2025:
06 - 09: 15th International Trends in Brewing 'Beer & Society' 2025 (Leuven, Belgium)
10 - 12: KIBEX 2025 (Seoul, South Korea)
News Articles
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USA: Import beer sales overtake domestic premium beer sales for the first time ever
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According to Nielsen IQ sales data for the four weeks ending April 20, 2024, import beer sales overtook domestic premium beer sales for the
...More info on site
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USA: Craft beer sales decrease 0.8% in 2023, analysis shows
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According to the Chicago-based market research company Circana, during 2023, craft beer sales in the United States totaled €4.3 billion, a year-on-year decrease of 0.8 percent, with case sales falling of 4 percent. The year before, sales fell 4.7 percent and case sales fell 8.6 percent, FreshlyBottled.com reported on May 23.
Circana analyzed the sales data and also discovered which were the ten best-selling craft beer brands in 2023 and it was found that among the first places are several breweries from Colorado, California and Michigan, which shows that the western areas of The United States leads craft beer sales.
Breweries have focused their efforts on canned cocktails and RTDs with good results, although IPAs remain the top-performing style with a 46 percent volume share of the craft beer segment. The main driver of growth in the segment has been great-tasting complementary beers, such as New Belgium's Voodoo Ranger Juice Force Imperial IPA.
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USA, MN: First Black woman-owned brewery coming to Minnesota
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A Minnesota entrepreneur is set to open the first Black woman-owned brewery in the state. Brittney Mikell, who spent years working as a pharmacist, is now focused on her passion for homebrewing and became an assistant brewer at La Dona Cerveceria in Minneapolis. She is getting ready to open Bubble Line Brewing Company early next year. With her new venture, Mikell is aiming to break barriers in Minnesota, Blavity reported on May 24.
“The brewing industry isn’t very diverse in our state and in general as it stands,” Mikell told CBS News. “We tend to get a lot of innovation and a lot of new thoughts when there’s diversity involved in the picture. I think that as the brewing world matures because it’s been around for a little bit, that innovation piece is going to be really important.”
Minnesota is home to over 200 breweries, CBS News reported. However, very few of them are owned by people of color or women. Mikell said her brewery will not only help bring diversity but also give people a much-needed place to relax in the historically Black Rondo neighborhood in St. Paul.
“We don’t have a community destination. We don’t have places for folks to just
...More info on site
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Canada, ON: Ontario introducing sales of beer, wine, and cocktails into corner stores
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Ontario is introducing sales of beer, wine and ready-made cocktails into corner stores and additional supermarkets 16 months ahead of schedule, a move that will see the province pay up to C$225 million to The Beer Store, CBC reported on May 24.
Retailers, including convenience stores and gas stations, will be able to start selling the low-alcohol beverages as of Sept. 4. The process for applying for a licence from the Alcohol and Gaming Commission of Ontario (AGCO) will open on June 17, the province says.
Similarly, the 450 grocery stores provincewide that already have licences for beer and wine will be allowed to sell ready-to-drink cocktails on Aug. 1.
All other supermarkets and grocers will then be able to sell beer, wine, cider and canned spirit drinks as of Oct. 31.
The retail locations participating in the government's expansion of where alcohol will be available for purchase will be able to sell packs of beer of any size, including 30 packs. They will also be able to set their own prices, though the province has regulated minimums.
Premier Doug Ford and Finance Minister Peter Bethlenfalvy announced the impending changes at a news conference in Etobicoke on May 24.
"It was just a few months ago
...More info on site
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USA, OH: Cornerstone Brewing Co. passes under Avon Brewing Co.’s ownership
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Cornerstone Brewing Co. in Madison Village has been acquired by the owner of several other breweries in northern Ohio, News-Herald reported on May 24.
Avon Brewing Co. recently purchased the Cornerstone business at 70-74 West Main St. and will rebrand it as Madison Brewing Co.
“We’re excited about bringing our brand to Madison and being in a historic downtown area,” said Mathias Hauck, a co-owner of the new Madison Brewing Co. and Avon Brewing Co.
Hauck owns these brewing enterprises, and Medina Brewing Co., along with Brian Weaver, his brother-in-law; and Ken Weaver, his father-in-law.
Cornerstone Brewing Co. in Madison Village opened nearly 15 years ago. Owner Roy Blalock launched the Madison brewpub five years after starting the first Cornerstone Brewing Co. in Berea.
Blalock said he had “a wonderful time” owning and operating the Madison pub.
“Being from Madison, it was enjoyable to bring something nice to the community, and I’m leaving it in good hands with the folks from Madison Brewing Co.,” said Blalock, who now lives in North Perry Village.
During its stretch in Madison, Cornerstone became known as a brewpub that served a variety of its own hand-crafted beers, and featured a menu with items ranging from appetizers and salads to sandwiches and
...More info on site
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USA, WI: Lakefront Brewery to buy Public Craft Brewing in Kenosha
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Lakefront Brewery is expanding its footprint, AOL.com reported.
On Friday May 24, Lakefront announced its plans to buy Public Craft Brewing, a brewery in downtown Kenosha that struggled during the pandemic.
“Kenosha is an up-and-coming area with many businesses moving in,” Russ Klisch, president of Lakefront Brewery, said in a statement Friday. “The population is growing with housing being developed and it is a good time to become established.”
Public Brewing, like Lakefront, is centrally located in its city's entertainment district. It occupies the former Barden department store, and — like Lakefront's — its historic building was recently renovated. The breweries share the same beverage distributor.
Lakefront signed a letter of intent to buy the brewery, but the sale will need final approval from a bankruptcy judge; Public Craft Brewing Company filed for chapter 11 bankruptcy last month.
The business struggled financially during the pandemic, which hit shortly after Public Brewing began a major expansion project, its founder Matt Geary wrote in a recent Facebook post.
"And if social distancing wasn’t catastrophic enough (for a place founded to bring people together!) our community was blindsided once again by the fallout of the Jacob Blake shooting and ensuing events," Geary wrote.
"The result of all of this occurring
...More info on site
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USA, SC: Beloved Greenville brewery “HabiTap” officially closes its doors
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Beloved Greenville brewery and restaurant “HabiTap” announced it has officially closed its doors, FOX Carolina reported on May 27.
The brewery posted on its website:
“After five incredible years of serving up craft beers and memories, we have the difficult decision to close HapiTap’s doors. From the bottom of our hearts, we want to thank every member of our community who walked through our doors, shared a pint, and made those years truly special. Your support has meant to the world to us.”
The brewery was located along Miller Road in Greenville.
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World: Malteries Soufflet announce new CEO
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Six months after the acquisition of UMG, which brought Malteries Soufflet to the helm of the malting industry, Jorge Solis is appointed CEO of the new entity, the world’s leading maltster announced.
Reporting directly to Thierry Blandinières, he will join the InVivo group Executive Committee.
"I am delighted to be able to welcome Jorge Solis as CEO of Malteries Soufflet today. The breadth and diversity of his career in France and abroad are assets that will contribute to the future success of Malteries Soufflet," says Thierry Blandinières, CEO of InVivo.
Jorge Solis brings with him 30 years of experience in large international industrial companies, where he has held management positions, first in Mexico and then in the United States, France and Belgium.
Malteries Soufflet, the world’s leading maltster since the acquisition of UMG, is now present in key markets in Europe, North America, Latin America, Africa and Asia, with 41 plants across 20 countries, and an annual production capacity of 3.7 million tonnes of malt, serving industrial and artisanal brewers and distillers.
Jorge Solis' main objective will be to develop both the offer and the target markets, while amplifying the CSR policy enabling Malteries Soufflet to become a leader in the ecological transition on the
...More info on site
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World: Barley crop forecast reduced by 0.1 mln tonnes
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RMI Analytics’ barley crop 2024 forecast is reduced by 0.1 mln tonnes to 148.7 mln, led by declines in Russia and Ukraine but mostly
...More info on site
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Nigeria: Leading brewers record N169.7 bln loss in Q1 2024
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Nigeria's leading breweries faced a staggering combined loss of N169.7 billion (USD0.11 bln) in the first quarter of 2024, as reported by BusinessDay's comprehensive analysis of their financial statements. Rising interest rates and the ongoing devaluation of the naira inflicted significant financial strain on Champion Breweries Plc, Nigerian Breweries Plc, International Breweries Plc, and Guinness Nigeria Plc.
Compared to the same period last year, where Guinness Nigeria saw a profit of N1.84 billion, the first quarter of 2024 marked a substantial downturn. Foreign exchange losses further exacerbated the financial challenges, with International Breweries recording a loss of N162.2 billion, Nigerian Breweries with N72.85 billion, and Guinness Nigeria with N37.06 billion in Q1. Nosike Nwajide from Agusto &Co highlighted the weakened naira's impact on foreign debt obligations, intensifying the strain on profit margins.
The brewing sector's struggles reflect broader economic challenges, including low consumer spending attributed to inflation. Femi Egbesola, president of the Association of Small Business Owners of Nigeria, noted the depletion of consumer purchasing power, leading to prioritized spending and intensified market competition.
Uchenna Uzo from Lagos Business School highlighted diminishing household incomes in the face of accelerating inflation, contributing to decreased consumer demand for premium lagers. The evolving market dynamics, including
...More info on site
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EU & UK: Barley crop conditions improve slightly across Europe
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Barley crop conditions in Europe have improved slightly over the past two weeks and RMI Analytics’ latest crop 2024 forecast is increased by 0.4
...More info on site
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EU: EU crop monitoring service raises barley yield forecast
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The European Union crop monitoring service has trimmed its outlook for this year's EU soft wheat and rapeseed yields while upping its forecasts for barley and maize as good prospects in Spain and Portugal contrasted with adverse conditions elsewhere, the European Supermarket Magazine reported on May 28.
The EU is collectively one of the world's largest crop producers and is a significant exporter of wheat and barley while a major importer of maize and oilseeds.
Harsh weather in top wheat exporter Russia has unsettled grain markets in recent weeks, sending European prices to a one-year high, and increasing sensitivity to possible harvest setbacks in other major production zones.
'The yield forecast for winter crops further improved for Spain and Portugal, but was reduced for Italy and several countries of western Europe,' MARS said in a monthly report.
'Wet conditions in large areas in western Europe, as well as in Denmark, and northern Italy, resulted in waterlogging, high pest pressure and/or delays to sowing, with potentially negative effects on crop yields.'
MARS trimmed its forecast for the average soft wheat yield in the EU this year to 5.92 metric tonnes per hectare (t/ha) from 5.93 t/ha forecast in April, and lowered its projection of the bloc's
...More info on site
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UK: Wet and wild spring expected to spark inflation-busting price rises on beer, barbecue meat, other summer favourites
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The UK’s wet and wild spring will spark inflation-busting price rises on summer favourites including beer, barbecue meat, bread, pasta, salads and new potatoes, experts warn.
Vast swathes of farmland – still under water from storms earlier this year – have been hit by more heavy rain this month, devastating crops and leaving many farmers unable to put livestock out to graze.
Food supply experts Lynx Purchasing estimates that there could be price hikes of up to 8 per cent on in-demand produce, as a result of intense rainfall and flooding, dwarfing the headline inflation rate, which fell to just 2.3 per cent in April – down from 3.2 per cent in March and near the Bank of England’s 2 per cent target.
“Many crops, ranging from potatoes, carrots and salad to the wheat grown to make beer, have been delayed or damaged by the heavy rain, which has left large areas of agricultural land waterlogged,” said the report.
It predicts the year-on-year price increase for wheat, used for bread, pasta and pastry, to hit 8 per cent, while the cost of barley, needed by brewers for summertime ales and lagers, will jump by 7 per cent. The wholesale price of potatoes could jump
...More info on site
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Albania: Microbrewers calling for tax relief
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From January 1, 2023, after the implementation of the changes in Albania’s law "On excise duty", local craft breweries have been paying 110% more excise duty than before for 1 litre of beer produced, CAN reported on May 27.
The excise duty accounts for 40% of the total cost for these producers.
In order to survive, small breweries, according to the President of the Albanian Microbrewers Association Xhim Begeja, have increased prices, but at the same time have reduced the amount of production due to the competition of imported beers.
In total there are 10 small breweries in Albania, such as: Puka Beer, Pan, Dyst, Grandfather Beer, Gjallica Beer, Karabash Beer, Lushnjë Beer, Saraçi Beer, Altenberg Beer and Brahause Beer, which together produce about 3,000 hl per year .
For this reason, the association of microbreweries is asking the State Ministry for Entrepreneurship and Business Climate to exempt the 10 craft producers from the obligation to pay excise duty and the obligation to perform DSHA (declaration of advance payment of excise duty for any product that leaves the factory without the goods being sold yet), or fixed fee per reduced litre and exemption from the obligation to perform DSHA.
"The calculation formula with the
...More info on site
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Cameroon: Cameroon Beverages Company launches new bottling line at its Bafoussam plant
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Cameroon Beverages Company (SABC) announced on May 27 the launch of a new bottling line at its Bafoussam plant, Business in Cameroon reports.
According to the company, this line, set to begin operations in October, will have a capacity of 35,000 glass bottles per hour. The local subsidiary of the French group Castel specifies that this new line incorporates "all the latest technologies in online control and optimal bottling conditions."
The Bafoussam plant currently has a capacity of 1.49 million hectolitres (1.2 million hectolitres in glass and 290,000 hectolitres in PET, polyethylene terephthalate used to package carbonated beverages).
"The commissioning of this line... will allow the retirement of the aging chain 4 (after 36 years of loyal service) and will have a significant impact on quality and productivity: the glass capacity of the plant will thus increase to 1.6 million hectolitres with optimizations planned in beer production," explains the company, which holds an 80% market share in Cameroon.
This new production line is part of an investment plan implemented by the brewing company to increase production capacities at its Yaoundé, Douala, and Bafoussam plants, aiming to strengthen territorial coverage and ensure alignment between market demand and production capacity. It's worth noting that
...More info on site
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Kenya: Heineken to pay Sh1.8bn to local distributor after losing appeal
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The Court of Appeal has upheld a decision that awarded local distributor Maxam Limited Sh1.8 billion as special damages for loss of business after its distribution agreement was terminated by Dutch beer maker Heineken, The Star reported on May 28.
Justices Pauline Nyamweya, Abida Ali-Aroni and John Mativo said Heineken E.A and Heineken B.V should pay the monies after breaching the Kenya Distribution Agreement.
The Judges at the same time affirmed the High Court’s decision delivered in January 2016 declaring the notice of termination from Heinken as unlawful and unprocedural.
Heineken appealed the award slapped on it by High Court Judge James Makau in 2016 after terminating its distributorship agreement with Maxam Limited.
The company faulted the Judge’s decision for failing to consider the terms of the distributorship agreement, adding that the award of damages was excessive.
At the same time, the company said the Judge was also wrong to find that the distributor had a legitimate expectation that the agreement would not be terminated.
The beer maker had appointed Maxam as its exclusive distributor of Heineken products in Kenya with effect from 1st May 2013.
In a rejoinder to the appeal, Maxam Ltd through its advocate Philip Nyachoti said the supposed termination notice dated January 27,
...More info on site
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Belgium: Carlsberg opens ‘immersive’ Grimbergen Experience in Belgium
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Carlsberg has opened an “immersive” visitor’s experience for its Belgian beer brand Grimbergen in the grounds of the abbey where it is made, The Drinks Business reported on May 28.
The opening of the “Grimbergen Experience” sees Grimbergen’s 900-year history brought to life in a “newly expanded multi-sensory experience” that “charts the story of the Grimbergen Abbey Fathers’ who, to this day, continue the brewing legacy”.
The Grimbergen Experience marks the culmination of a six-year journey and multi-million-euro investment by Carlsberg that has also included the refurbishment of the site’s Fenikshof bar and restaurant.
Speaking as he officially opened the new extension, Carlsberg Group CEO Jacob Aarup-Andersen said: “Grimbergen is at the very heart of Carlsberg’s premium brands portfolio and is contributing significantly to the continued growth we are seeing in this category.”
The launch coincides with the release of “1128 by Grimbergen”, a new visual identity for the Abbey Brewery’s range that celebrates the year the Abbey was created and forms part of Carlsberg’s wider strategy to accelerate growth of its premium porfolio of which Grimbergen is a core part.
Carlsberg has said that the new premium identity introduces both the “Authentic Norbertine Product” logo and the signature of Fr. Karel Stautemas, Provisor of
...More info on site
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