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E-Malt.com NewsLetter
Newsletter Summary

RombBullet Quote of the week
RombBullet Currency rates
RombBullet Brewers equities
RombBullet Industry news
RombBullet Graph of the week
RombBullet Table of the week
RombBullet Prices evolution
RombBullet Barley prices
RombBullet Theoretical malt prices
RombBullet Business history
RombBullet Agenda
RombBullet News articles






Last five graphs

Note: All graphs issued with e-malt.com newsletters are published in "Graph" section of e-malt.com site.



Last five tables

All e-malt.com tables are published in e-malt.com Statistics section. The Statistics section includes Barley statistics, Malt statistics and Beer statistics. The tables related to barley are published in Barley Statistics section, the tables related to malt in Malt Statistics section and the tables related to beer in Beer Statistics section.



Last five prices evolutions




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E-Malt.com Newsletter 25b
June 20 - June 23, 2024


Quote of the Week

It is a rough road that leads to the heights of greatness.
Lucius Annaeus Seneca

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Currency Rates


Base Currency: US Dollar
on June 21, 2024
Base Currency: Canadian Dollar
on June 21, 2024
      1 USD = 0.9325 EUR
1 USD = 0.7881 GBP
1 USD = 1.3703 CAD
1 USD = 1.5002 AUD
1 USD = 158.4910 JPY
1 USD = 5.4312 BRL
1 USD = 85.6428 RUB
1 USD = 7.2577 CNY
      1 CAD = 0.7297 USD
1 CAD = 0.5750 GBP
1 CAD = 0.6804 EUR
1 CAD = 1.0946 AUD
1 CAD = 115.6440 JPY
1 CAD = 3.9629 BRL
1 CAD = 62.4899 RUB
1 CAD = 5.2957 CNY

Currency Rates Chart


Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Barley news Canada & China: Canadian barley has opportunity in China - analyst ...Click here
Brewery news USA, KY: Trellis Brewing to open this weekend in Louisville’s historic Smoketown ...Click here
Brewery news USA, WV: Short Story Brewing opening a new location in Morgantown ...Click here
Brewery news USA, IA: Peace Tree Brewing Company to cease brewing operations ...Click here
World News
Brewery news India: Beer industry could fuel India’s economic growth if reached its full potential ...Click here
Brewery news Nigeria: EnjoyCorp Limited completes acquisition of 86.5 percent stake in Champion Breweries ...Click here
Barley news France: Barley crop condition worsens in France ...Click here
Brewery news UK: UK drinks maker Britvic rejects second takeover bid from Carlsberg ...Click here
Whisky news India: Allied Blenders and Distillers files for $180 mln IPO ...Click here
Brewery news Kenya: Supreme Court declines Heineken bid to halt Sh1.8bn award to local distributor ...Click here
Brewery news Japan & Malaysia: Japan’s Sapporo Premium Beer now brewed locally in Malaysia ...Click here
Graph of the Week


Table of the Week

Wold Hop Production and Percent Share 2019 - 2023


Table of the week.

Prices Evolution

Prices evolution

Barley Prices



Theoretical Malt Prices



These Days in Business History


20 June
1793 - Eli Whitney patents his cotton gin
1863 - 1st bank chartered in U.S., National Bank of Davenport, Iowa
1867 - President Andrew Johnson announces purchase of Alaska
2003 - The Wikimedia Foundation is founded in St. Petersburg, Florida

21 June
1948 - One of the world's earliest modern computers, the Small-Scale Experimental Machine runs its first program successfully, proving that it can store data and user programs and process them at electronic speed
1990 - After decades of closure, the Budapest Stock Exchange reopens for trading

22 June
1775 - US Congress authorizes the first issuance of Continental Currency, or U.S. paper money
1899 - Michal Kalecki is born, Polish economist
2009 - Eastman Kodak Company announces that it will discontinue sales of the Kodachrome Color Film, concluding its 74-year run as a photography icon

23 June
1848 - Antoine Joseph Sax patents Saxophone
1907 - James Meade, English Economist


Agenda

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)

More events are available on site e-malt.com

News Articles


Barley newsCanada & China: Canadian barley has opportunity in China - analyst
Canadian barley growers might have a window of opportunity to regain some lost market share in China, says an analyst, The Western Producer reported.

The ...More info on site


Brewery news USA, KY: Trellis Brewing to open this weekend in Louisville’s historic Smoketown
The brand new Trellis Brewing opens this weekend in Louisville’s historic Smoketown, LEO Weekly reported on June 18.

Located at the former Merchant’s Ice Tower property, this project has been in the works for almost 2 years. After a lengthy process which included installing brewing equipment and a new flooring, plus planting trees on the outdoor patio, the brewery is officially ready to begin pouring.

Stop by the grand opening Saturday, June 21 or Sunday, June 22, from 3 p.m. to 9 p.m., for cold brews and local food trucks.

According to their Instagram, opening weekend will include two exciting collabs, showcasing the sense of community the brewery hopes to instill in their work. These inaugural collaborations are with the folks at Monnik and Gravely.

As to the mission behind their work, they released this statement on social media: "Trellis, by definition, is a framework chiefly used as support or for climbing. That is exactly what we want to do. We want to build a framework to support our community around us, and encourage everyone to grow and thrive with us over a local beer. We want to be a place for after work beers, friends to catch up, and a place to meet ...More info on site


Brewery news USA, WV: Short Story Brewing opening a new location in Morgantown
A Marion County brewery is opening a new location in Morgantown, WDTV reported.

Short Story Brewing announced the venture on their Facebook page on June 18.

There are a lot of details forthcoming and a lot of work still left to do, the owners said, but Short Story Morgantown will be coming in August.

Owners said the craft beer community in Morgantown has “literally been the lifeblood” of their business and that they “wouldn’t exist without the support and enthusiasm of this community.” Now, they owners said, they’re excited to become a part of it.


Brewery news USA, IA: Peace Tree Brewing Company to cease brewing operations
Knoxville-based Peace Tree Brewing Company is announcing it will cease brewing operations, 1430 KASI reported on June 19.

The company announcing the decision via its Facebook page on June 18. They say they will phase out the last few rounds of production and distribution over the coming weeks.

The company has been brewing for almost 15 years and is one of Iowa's oldest craft breweries. The taprooms in Knoxville and Des Moines will stay open and will feature taps from other breweries moving forward.


Brewery newsIndia: Beer industry could fuel India’s economic growth if reached its full potential
India’s beer industry already supports the entire agricultural chain, from barley farmers to distributors. But if it reaches its potential by growing beer’s share ...More info on site


Brewery news Nigeria: EnjoyCorp Limited completes acquisition of 86.5 percent stake in Champion Breweries
Champion Breweries Plc has announced the completion of the acquisition of an 86.5 percent stake by EnjoyCorp Limited, a food, beverage, and hospitality firm, The Cable reported on June 19.

Imo-Abasi Jacob, chairman of Champion Breweries, disclosed this in a corporate filing on the Nigerian Exchange Limited (NGX) on June 19.

Champion Breweries offers packaging services to Nigerian Breweries Plc, the producer of Champion lager beer and Champ Malta — through Raysun Nigeria Company Limited, a subsidiary of Heineken.

The acquisition comes four months after an agreement was reached with Heineken B.V. to acquire 100 percent of its shareholding in Champion Breweries Plc.

In 2021, Heineken had purchased 1.9 billion ordinary shares of Champion Breweries through Raysun. This was after the Dutch brewer acquired a 57 percent stake in the company in 2014.

Speaking in the statement, Jacob said the acquisition was completed after the approval of regulatory bodies.

“EnjoyCorp Limited has successfully completed the acquisition of 86.5% stake in Champion Breweries plc, a prominent figure in the regional brewing industry,” the statement reads.

“EnjoyCorp acquired 100% shareholding in The Raysun Nigeria Limited, which in turn holds the 86.5% stake in Champion Breweries plc listed on the Nigerian Exchange Group.

“Sequel to the approval of the Federal ...More info on site


Barley news France: Barley crop condition worsens in France
Barley crop conditions worsened in France last week, according to a report by state agency FranceAgriMer. The condition of wheat is stable.

The share of winter barley sowings in good to excellent condition fell to 63% (64% a week earlier and 84% a year ago), spring barley – to 73% (75% and 78%).

The share of soft wheat in good and excellent condition remains at 62% (62% a week earlier and 83% a year ago), durum wheat – 63% (63% and 77%).

Soft wheat and winter barley development rates are slightly ahead of last year and the five-year average. Durum wheat development is four days behind last year and five days behind the five-year average. Spring barley is seven and six days behind last year and the five-year average.


Brewery news UK: UK drinks maker Britvic rejects second takeover bid from Carlsberg
Robinsons owner Britvic has rejected a £3.1bn bid from Carlsberg, the second offer made by the Danish brewer in a matter of days, Moneyweek reported.

Britvic, which is based in Hertfordshire, said it received a proposal from Carlsberg for the whole business on June 11. The UK FTSE 250 company told the stock exchange on June 21: “The board together with its advisers carefully considered the second proposal, and concluded that it significantly undervalues Britvic, and its current and future prospects.”

The bid valued the company at 1,250p per share, or £3.1 billion and the news sent shares in Britvic 15% higher to 1,167p during early trading on Friday (21 June).

The announcement comes a week after Britvic, whose brands also include J20 and Fruit Shoot, rejected a 1,200p per share approach from Carlsberg.

The UK company posted strong revenue growth in May, which was underscored by demand from its products from international markets.

Other London-listed soft drinks, including Irn Bru maker AG Barr and tonic maker Fevertree, also saw their share prices rise in early trading.

Carlsberg issued a separate statement confirming the move to its investors, saying it believes there could be long-term growth opportunities from a deal.

The Danish company said: "Carlsberg believes that ...More info on site


Whisky news India: Allied Blenders and Distillers files for $180 mln IPO
Indian liquor company Allied Blenders and Distillers (ABD) on June 19 filed for an initial public offering (IPO) to raise up to $180 million, amid intensifying competition in a market dominated by the likes of Diageo and Pernod Ricard, Reuters reported.

ABD, which sells whisky brands such as Officer's Choice and Sterling Reserve in India's estimated $33 billion spirits market, said it would issue new shares worth up to 10 billion rupees ($120 million) as a part of the offering.

The company aims to use proceeds from that sale to reduce some of its outstanding borrowings, it said.

Meanwhile, existing shareholders in the firm will sell shares worth up to 5 billion rupees, ABD added.

As of the end of March 2023, the liquor maker's total liabilities had risen roughly 13% year-over-year. Over the same period, its consolidated revenue dipped 1.3% while profit after tax increased 8.5%.

ICICI Securities, Nuvama and ITI Capital are book-running lead managers to ABD's IPO.

India has smashed records at home and globally for the number of its IPOs, at a time when the domestic equity market has surged to all-time highs on economic growth prospects and a vast consumer base, making it an attractive destination for companies and investors.

Last week, ...More info on site


Brewery news Kenya: Supreme Court declines Heineken bid to halt Sh1.8bn award to local distributor
The Supreme Court has declined to suspend an order that directed Dutch beermaker Heineken to pay local distributor Maxam Limited Sh1.8 billion as special damages for loss of business after its distribution agreement was terminated, The Star reported on June 20.

The Court of Appeal in a judgment issued on May 24 upheld a decision that awarded Maxam Limited Sh1.8 billion as special damages.

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.

But the beermaker in a notice of motion dated June 1 moved to the Supreme Court to stay the execution of the judgment pending its appeal.

Through lawyer Fred Ngatia, the firm said its petition of appeal raises substantial grounds that would justify reversal of the judgment of the appellate bench.

"The petitioner did procure a bank guarantee for the decreed sum of Sh1,799,978,868 while the dispute was pending in the Court of Appeal. The guarantee can now be called up by the second respondent at any time. Once the payment is effected, the sum will not be within reach of this honourable court," Heineken said.

Maxam is listed as the second respondent in the appeal with Heineken ...More info on site


Brewery news Japan & Malaysia: Japan’s Sapporo Premium Beer now brewed locally in Malaysia
The finest malt and hops brewed with Japanese craftsmanship to a crisp, well-balanced lager is being introduced to beer lovers across Malaysia, The Star reported on June 21.

Now brewed locally and with an ABV of 5%, Sapporo Premium Beer – the iconic first beer of Japan – is predicted to stand out among the crowd.

Known by its golden star branding, Sapporo is making its way nationwide for beer lovers to taste.

“Sapporo represents a distinct brewing philosophy that honours both tradition and innovation,” said Carlsberg Malaysia marketing director Olga Pulyaeva.“Its introduction to Malaysia aligns perfectly with Carlsberg Malaysia’s strategy of accelerating our premium portfolio.

“By offering consumers a range of quality brews, we are able to cater to diverse preferences and complement any occasion.

“Whether it is enjoying a beer with friends after work or savouring it with a meal, Sapporo is surely to be appreciated by those seeking a high-quality experience inspired by Japan.”

Sapporo Premium is available as a draught beer via Katana taps, in 320ml cans as well as 325ml pint and 640ml quart bottles.

These are being sold in entertainment outlets, super- and hypermarkets and convenience stores.

All promotions and activities are open only to non-Muslims aged 21 and above.


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