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E-Malt.com Newsletter 24a
June 10 - June 12, 2024
Quote of the Week
If given the truth, [the people] can be depended upon to meet any national crisis. The great point is to bring them the real facts - and beer.
Abraham Lincoln
Currency Rates
Base Currency: US Dollar
on June 12, 2024 |
Base Currency: Canadian Dollar
on June 12, 2024 |
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1 USD = 0.9303 EUR
1 USD = 0.7853 GBP
1 USD = 1.3764 CAD
1 USD = 1.5147 AUD
1 USD = 157.1770 JPY
1 USD = 5.3551 BRL
1 USD = 89.0576 RUB
1 USD = 7.2458 CNY
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1 CAD = 0.7264 USD
1 CAD = 0.5705 GBP
1 CAD = 0.6758 EUR
1 CAD = 1.1003 AUD
1 CAD = 114.1770 JPY
1 CAD = 3.8901 BRL
1 CAD = 64.6934 RUB
1 CAD = 5.2635 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Hop farmers adapting growing plans and contracts amid beer sector volatility
...Click here
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USA, PA: Source Brewing to open its third location in Manayunk
...Click here
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USA, CO: Konstruct Brewing opens its doors in Fort Collins
...Click here
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USA, WA: Single Hill Brewing opening its first Seattle location
...Click here
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USA, OK: Equity Brewing Company to serve its last beer on June 8
...Click here
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World: Total output volume by world’s 40 biggest brewers falls by 2.2% in 2023
...Click here
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Nigeria: Diageo to sell majority shareholding in Guinness Nigeria
...Click here
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World: Global barley crop looking better thanks to rain in Canada and parts of Australia
...Click here
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North America: Barley crop forecast for Canada raised thanks to further beneficial rains
...Click here
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Australia: Barley crop 2024 estimate remains unchanged
...Click here
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EU & UK: Malting barley prices mostly down driven by lower Paris wheat futures
...Click here
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EU & UK: Barley production projected slightly lower
...Click here
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Australia: Lion to shut Malt Shovel Brewery in inner Sydney
...Click here
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Germany: Oettinger taking on production and sale Karmeliter beer
...Click here
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Cuba: Bucanero S.A. Brewery launches new beer barrels production line
...Click here
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Graph of the Week
Table of the Week
Canada Barley Supply and Distribution
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
10 June
1977 - Apple Computer ships its 1st Apple II
1994 - Biggest European clock ever (9100 kg/(237) 2.5 m) at Aarle-Rixtel
1996 - Intel releases 200 mhz pentium chip
2002 - The first direct electronic communication experiment between the nervous systems of two humans is carried out by Kevin Warwick in the United Kingdom
11 June
1644 - Florentine scientist describe invention of barometer
1742 - Benjamin Franklin invents his Franklin stove
1816 - Gas Light Co of Baltimore founded
1998 - Compaq Computer pays US$9 billion for Digital Equipment Corporation in the largest high-tech acquisition
12 June
1849 - Gas mask patented by Lewis Haslett, Louisville, Kentucky
1928 - After more than 130 years of trading, the New York Stock Exchange finally has its first day on which more than 5 million shares trade hands, as total daily volume hits 5,252,425 shares
1972 - The fast food restaurant chain Popeyes is founded in Arabi, Louisiana
1991 - Microsoft releases MS DOS 5.0
1994 - The Boeing 777, the world's largest twinjet, makes its first flight
Agenda
June 2024:
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: Beer shipments decline by 4.3% in April
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April domestic tax paid beer shipments declined an estimated -4.3% year-over-year (YoY), to 12.3 million barrels, according to Beer Institute (BI) chief economist Andrew Heritage, citing estimates from the Alcohol and Tobacco Tax and Trade Bureau (TTB).
While still in decline, April shipments improved from the -13.6% YoY decline recorded in March, which followed two consecutive months of growth and the “strongest monthly growth in almost three years” in February.
The TTB also continues to update its estimates, and March’s double-digit decline could still change.
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USA: Hop farmers adapting growing plans and contracts amid beer sector volatility
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Hop farmers in the US are having to adapt growing plans and contracts while beer sector volatility remains an issue, The Drinks Business reported
...More info on site
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USA, PA: Source Brewing to open its third location in Manayunk
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A massive 19th-century bank on Manayunk's Main Street is in the midst of being transformed into a brewery, restaurant and event space, PhillyVoice reported on June 10.
Source Brewing is planning to open its third location in the fall of 2025 at 4334 Main St., in a 10,000 square-foot building that spans four stories. The new brewery joins Source Brewing locations in Colts Neck, New Jersey, and Fishtown, each run by "Shark Tank" alum Philip Petracca, his wife Keri Petracca and business partner Greg Taylor.
"We were looking for a larger space in Pennsylvania," Philip Petracca said last week. "Manayunk was placed on our radar. We actually fell in love with the location. The folks that run the groups within Manayunk do a really great job of supporting small business and doing events throughout the year. (There are) a lot of people and beautiful residential apartments on the water, and just so much history there."
The upcoming location is positioned with its back to the Manayunk Canal and trails. The building is next to Pizza Jawn and diagonal from Fat Lady Brewing. In addition to being a bank back in the 1800s, the huge space also once held an exotic car dealership —
...More info on site
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USA, CO: Konstruct Brewing opens its doors in Fort Collins
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Fort Collins resident Brian Lackey is a creator, The Coloradoan reported on June 8.
And now he's crafted Konstruct Brewing, which opened Friday, June 7 at 3027 E. Harmony Road, Unit 2.
Lackey has been living in Fort Collins since childhood in the 1980s and has been home brewing beer for 14 years. He said his brother Jack had been pushing him to open his own brewery, and earlier this year they purchased the assets of Envy Brewing, which closed in February.
Lackey makes more than just beer, and that's been the inspiration for his business. He is in the construction business with his brother, but he is also a photographer, builds furniture and has restored cars and bikes.
"I create things, and that's where the 'Konstruct' comes from," he said.
That shows up in the brewery's aesthetic: The decor features his own photography, and he hopes the brewery's vibe inspires curiosity and creation in others.
For launch, there are nine beers on tap, ranging from Lackey's personal favorite, Spangler's Saison, which is brewed with juniper berries, to a Kraftsman Cream Ale.
There's the Sag Wagon Stout, Golden Hour Wit, Raspi Sour, Handy Hazy IPA and others. He's testing out a 10th beer, a coconut-infused brew that
...More info on site
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USA, WA: Single Hill Brewing opening its first Seattle location
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There’s a new brewery coming to Ballard: Yakima-based Single Hill Brewing is opening its first Seattle location in the neighborhood later this summer, My Ballard reported on June 6.
Single Hill will move into the former Outpouring Bottle Shop location at 6400 24th Ave NW. Outpouring just closed its doors at the end of May.
The brewery is naming the new location Single Hill Commons; “a place for beer, wine, and community,” Andrew Pytel, Single Hill director of sales and marketing shared in a press release about the opening.
Single Hill’s primary focus will be beer, but Pytel shared that they plan to retain the on- and off-premise wine and beer offerings that Outpouring had.
“We don’t want this to feel like ‘just another brewery in Ballard,'” Pytel said. “So we’re keeping space on our tap list and in our to-go coolers to feature breweries we like and respect. Many in the neighborhood knew Outpouring as a wine bar, so we’ve decided to commit to that side of the business, as well.”
Single Hill is expected to open by August 1.
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USA, OK: Equity Brewing Company to serve its last beer on June 8
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For the last three years, mother-daughter team Suzette and Hannah Grillot have run Oklahoma's only entirely woman-owned brewery, Equity Brewing Company — 109 E Tonhawa Street, Suite 120 in Norman — but the brewery will serve its last beer Saturday, June 8 when it closes its doors, the Oklahoman reported.
The Grillots initially began scaling back hours in November 2023, before they announced plans for closure in February. At the start, the plan was to remain open until July, but the owners said in a social media post on May 16 they would close in June "for a multitude of reasons."
"We want to thank all of you from the bottom of our beer soaked hearts for the tremendous support you have offered to us since we announced our impending closure three months ago. You all have shown up for us in ways we could not imagine, and we are beyond grateful," the post states.
Equity is the first Oklahoma brewery to close in 2024 following a year of turmoil and a slate of closings in the industry that began in late 2022. Elk Valley Brewing closed, followed by Winnicki, Black Mesa, Twisted Spike, and Cross Timbers, to name a few.
Still, Equity held
...More info on site
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World: Total output volume by world’s 40 biggest brewers falls by 2.2% in 2023
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The global beer market contracted slightly in 2023: The total output volume of the 40 biggest brewers worldwide fell by 2.2 percent to roughly
...More info on site
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Nigeria: Diageo to sell majority shareholding in Guinness Nigeria
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Diageo is selling its majority shareholding in its subsidiary Guinness Nigeria, becoming the latest western company to scale down its presence in Africa’s most
...More info on site
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World: Global barley crop looking better thanks to rain in Canada and parts of Australia
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Generally, the global 2024 barley crop is looking better now than it was one month ago, with rain falling in Canada and parts of
...More info on site
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North America: Barley crop forecast for Canada raised thanks to further beneficial rains
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Further beneficial rains have arrived across much of the key barley areas in Canada and USA. Barley crop 2024 forecast for Canada is raised
...More info on site
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Australia: Barley crop 2024 estimate remains unchanged
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Much needed rain has arrived across most of the driest areas of concern in Australia, and this moisture is providing immediate relief to developing
...More info on site
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EU & UK: Malting barley prices mostly down driven by lower Paris wheat futures
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In France, malting barley prices are mostly down, driven by lower Paris wheat futures, which are coming down from the spike created by the
...More info on site
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EU & UK: Barley production projected slightly lower
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In its latest forecast for the 2024 European Union/United Kingdom grain crop, released on June 10, COCERAL increased its projection slightly to 296 million
...More info on site
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Cyprus: Beer sales increase by 9.4% in May
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Cyprus experienced an increase of 9.4 per cent in beer sales in May, compared to the same month of the previous year, reaching 4,682,575 litres in total, a result of a rise in domestic demand, according to the Cyprus Statistical Service (Cystat).
According to the Cystat report, which was released on June 10, beer sales intended for domestic consumption saw a substantial growth of 13.3 per cent, climbing to 4,475,044 litres in May 2024, up from 3,951,318 litres in the same month of the previous year.
This surge underscores the growing preference for beer among local consumers.
In contrast, beer exports experienced a decline. The volume of beer exported fell to 207,531 litres, a 37.1 per cent decrease from May 2023.
Comparing month-to-month figures, total beer sales in May rose sharply by 26.8 per cent from April of this year, demonstrating a strong upward trend as the warmer months approach and local demand increases.
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Australia: Lion to shut Malt Shovel Brewery in inner Sydney
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Lion, one of the largest drinks groups in the world, intends shutting a craft brewery in inner Sydney that has been operating for 36 years as rising costs, a shrinking beer market and consumer spending cutbacks take their toll, the Financial Review reported on June 10.
Lion, which makes XXXX Gold and Tooheys, said it would shut the Malt Shovel Brewery in Camperdown by the end of August and transfer brewing of products to other plants in northern NSW and Geelong in Victoria. The move follows a decision three weeks ago by Asahi, its largest rival, to close one of its own craft beer operations in Victoria.
Asahi, Australia’s biggest beer company after the acquisition of Carlton & United Breweries for $16 billion in 2020, shut down the Matilda Bay Brewpub in Healesville in Victoria’s Yarra Valley on May 19 after five years of operation, citing high costs.
A string of small craft brewers around Australia have already collapsed in the past few months as rising costs and consumer spending cutbacks mean they are no longer viable.
Lion and Asahi, which have much stronger balance sheets, are feeling the same pinch in an overall beer market that has shrunk by 6 per cent in
...More info on site
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Germany: Oettinger taking on production and sale Karmeliter beer
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German beer and soft-drinks producer Oettinger is taking on the production and sale of domestic beer brand Karmeliter, the company announced on June 10.
Karmeliter – which traces its roots back to a monastery in the Middle Ages – had announced it would cease operations at the end of June as it had not found a “successor”.
“Karmeliter is a cult. It would have been an enormous loss for German brewing culture and beer diversity to lose this strong brand and its original recipes,” Oettinger CEO Stefan Blaschak said.
“With its solid quality and impressive history, Karmeliter fits our family business, which is also rich in tradition with a history spanning almost 300 years”.
The Karmeliter brewery in Salz, Germany, has been privately owned since 1923.
“The German beer market has been shrinking for decades but is still significant and generates strong sales,” Blaschak said.
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Cuba: Bucanero S.A. Brewery launches new beer barrels production line
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Bucanero S.A. Brewery in Holguín has launched a new production line for beer barrels, aiming to boost the brand's output and distribution in the tourism, gastronomic, and non-state sectors, Cuba Headlines reported on June 8.
The new line, alongside an existing one, will enable the brewery to produce up to 470,000 hectolitres annually (approximately five million cases of beer) in the upcoming year. This investment, the largest in the factory in the past two decades, focuses on 30-liter barrels.
Erick Williams Abreu, the General Director of Bucanero S.A., told ACN that this development will enhance the consumer experience by allowing multiple brands like Cristal, Cristal Extra, and Bucanero to be offered simultaneously in restaurants, bars, and hotels, utilizing dual-draft and tabletop dispensers.
Additionally, investments are being made in glassware, refrigeration equipment, trays, and dispensers, with plans to install 1,800 such units by 2025, 863 of which will be allocated to the tourism sector.
The director did not mention whether these improvements would lead to lower prices, as domestic beer remains scarce in the country and is currently more expensive than imported options.
Bucanero S.A.'s portfolio includes beers such as Cacique, Mayabe, Cristal, Bucanero, and Bucanero Malt, along with premium products like Bucanero Max, Cristal Extra,
...More info on site
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