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E-Malt.com Newsletter 27b
July 04 - July 07, 2024
Quote of the Week
A fine beer may be judged with only one sip, but it's better to be thoroughly sure.
Czech proverb
Currency Rates
Base Currency: US Dollar
on July 05, 2024 |
Base Currency: Canadian Dollar
on July 05, 2024 |
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1 USD = 0.9258 EUR
1 USD = 0.7840 GBP
1 USD = 1.3621 CAD
1 USD = 1.4874 AUD
1 USD = 161.2610 JPY
1 USD = 5.5208 BRL
1 USD = 88.4809 RUB
1 USD = 7.2675 CNY
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1 CAD = 0.7341 USD
1 CAD = 0.5755 GBP
1 CAD = 0.6796 EUR
1 CAD = 1.0919 AUD
1 CAD = 118.3780 JPY
1 CAD = 4.0527 BRL
1 CAD = 64.9519 RUB
1 CAD = 5.3349 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: May beer shipments increase by 5.8% but YTD volume slips by 1.4%
...Click here
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USA, WI: Vintage Brewing Company to open a new brewpub in Cross Plains
...Click here
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USA, NJ: Icarus Brewing opens its new facility in Brick
...Click here
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Vietnam: Beverage industry struggling after ‘successive shocks’, Vietnam Beer, Alcohol & Beverage Association says
...Click here
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Ireland: Beer remains Ireland’s favourite alcoholic drink in 2023
...Click here
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Vietnam: Brewing industry taking on even more challenging times
...Click here
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UK: Survey shows dramatic decline in cereals and oilseed rape plantings
...Click here
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New Zealand: Increasing number of New Zealand breweries hitting financial trouble
...Click here
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Nigeria: Benue Investment and Property Company Limited building new brewery in the state of Benue
...Click here
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Vietnam: Quang Nam Province to see tax revenue fall due to Heineken plant closure
...Click here
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Graph of the Week
Table of the Week
The Number of US Breweries 2010 - 2023
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
04 July
1776 - The U.S. declared independence from Great Britain
1876 - 1st public exhibition of electric light in SF
1884 - The Statue of Liberty was presented to the United States in Paris
1886 - 1st scheduled transcontinental passenger train reaches Pt Moody, BC
1952 - Canadain Currency, Mint and Exchange Fund Act allows gold coins of $5, $10, and $20 to be minted
1997 - NASA's Pathfinder space probe lands on the surface of Mars
05 July
1643 - 1st recorded tornado in U.S. (Essex County, Massachusetts)
1841 - Thomas Cook opens 1st travel agency
1922 - 1st general election in Netherlands
1948 - The British government adopts the National Health Service Act
1954 - The BBC broadcasts its first television news bulletin
06 July
1785 - Congress resolves US currency named "dollar" and adopts decimal coinage
1885 - Louis Pasteur successfully tests an anti-rabies vaccine
1886 - Horlick's of Wisconsin offers 1st malted milk to public
1907 - Opening of Brooklands, in England - the world's first purpose-built motor racing circuit
1928 - In New York, the screening of the first film to include sound - 'The Lights of New York'
07 July
1550 - Chocolate introduced
1802 - 1st comic book "The Wasp," is published
1814 - The world's first authentic historical novel, 'Waverley' by Sir Walter Scott, is published
1891 - Travelers cheque patented
1929 - In Italy, the Vatican in the centre of Rome becomes a sovereign state
1954 - Elvis Presley makes his radio debut
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)
News Articles
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USA: May beer shipments increase by 5.8% but YTD volume slips by 1.4%
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The Beer Institute published on July 3 an unofficial estimate of domestic tax paid shipments by beer brewers for May 2024.
The May 2024 estimate
...More info on site
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USA, WI: Vintage Brewing Company to open a new brewpub in Cross Plains
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Vintage Brewing Company is set to open a new brewpub in Cross Plains, WMTV reported on July 3.
The brewery, known for its craft brews and American-style food, will open on 1200 Main Street.
The historic location has served as the site for multiple businesses, starting in the early 1900s as the Hotel Livery & Stable. It continued on as Adler Hotel, Faust Bar (Pork & Babes), Brams, Maury’s, Ramys, Foxville Inn, PJ Muellers, Coaches Club and Dotty’s.
The company notes the Cross Plains location will serve 20 VBC brews on tap and include a classic menu. It will also feature a menu of spirits and spirit-free drinking options.
The building will also have a rentable banquet space with a private outdoor patio on the second floor. It can host up to 60 people.
The location is expected to open in September.
Vintage Brewing has two locations in Madison and one in Sauk Prairie. Its sister location, Vintage Spirits & Grill, is located in downtown Madison, near the UW-Madison campus.
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USA, NJ: Icarus Brewing opens its new facility in Brick
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More than three years ago the owner of Icarus Brewing had a vision for expanding, Patch.com reported on July 3.
On Wednesday, July 3, that vision was revealed to the public as the microbrewery opened in its new facility on Route 88 in Brick.
"We're incredibly excited to finally share our new home with the community," said Jason Goldstein, owner and founder of Icarus Brewing, said. "For over seven years, our Lakewood location has been the heart of Icarus Brewing. This move allows us to expand our brewing capabilities, offer a more spacious and comfortable experience for our patrons, and continue delivering the innovative beers our customers have come to love."
The plans for the new microbrewery and taproom were approved in August 2021 by the Brick Township Planning Board, and include both indoor and outdoor seating to accommodate more than 350 patrons, brewery officials said. There are 30 beers on tap.
There is a cozy lounge area, and a sprawling Beer Garden with a firepit and is family- and dog-friendly. In addition, the taproom is available for rental for private parties in the ground-floor Barrel Room, the Mezzanine Bar, and views into the Brew House and Taproom below, and large-scale gatherings such as
...More info on site
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Vietnam: Beverage industry struggling after ‘successive shocks’, Vietnam Beer, Alcohol & Beverage Association says
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Vietnam’s beverage industry is struggling after experiencing "successive shocks" in recent years, including the Covid-19 pandemic, conflicts in different parts of the world and
...More info on site
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Ireland: Beer remains Ireland’s favourite alcoholic drink in 2023
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Sales of non-alcoholic beer rose by 18% last year while production of zero-alcohol beers increased 50% as Irish consumers' drinking habits continued to evolve,
...More info on site
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Vietnam: Brewing industry taking on even more challenging times
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Following a stressful few years of slumping demand, Vietnam’s beer industry is taking on even more challenging times, including the potential impact of special
...More info on site
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UK: Survey shows dramatic decline in cereals and oilseed rape plantings
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AHDB’s latest Planting and Variety survey, conducted from 15 April to 14 June 2024, shows a dramatic decline in cereals and oilseed rape (OSR)
...More info on site
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Hungary: Beer sales see significant drop in 2023
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The amount of beer sold in Hungary was just over 5.4 million hectolitres in 2023, which represents a significant drop compared to 6.01 million
...More info on site
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New Zealand: Increasing number of New Zealand breweries hitting financial trouble
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From Brothers Beer to Deep Creek, Epic Brewing to Boneface Brewing - there has been no shortage of well-known New Zealand breweries hitting financial trouble in recent years, RNZ reported on July 5.
But what is really ailing our brewers, and what might the future hold for the craft beer sector?
Here are the main factors that are causing headaches.
Brewers are not immune from the slowdown that has affected almost all parts of the economy. People who are paying more for their mortgage do not have the money to buy as many luxuries, like beer, and do not tend to go out as often to the pubs and restaurants that might serve it.
Stats NZ data shows there was 281 million litres of beer available for consumption in the year to March, down from more than 294 million in each of the three years previously and almost 300 million in 2019.
As overall spending as fallen, so too has the amount being spent on going out - Stats NZ data for May showed a 2 percent drop in hospitality spending in the month.
Dylan Firth, executive director of Brewers Association, which represents Lion and DB Brewing, said the market was quiet as people tried to
...More info on site
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Nigeria: Benue Investment and Property Company Limited building new brewery in the state of Benue
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As part of efforts to retain the whopping amount of money spent monthly to buy beer from other parts of the country and outside Nigeria, Benue Investment and Property Company Limited has concluded arrangements to inaugurate a Benue state-owned brewery, Business Day reported on July 3.
The construction of the brewery is a significant milestone in the socio-economic growth and development of the state, having had the old Benue Breweries Limited sold to Nigerian Breweries PLC through defunct Consolidated Breweries PLC, and is expected to have a positive economic impact on the lives of the people and their drinking habits.
The soon-to-be-inaugurated brewery, according to an official statement, will have an installed production capacity of 180,000 bottles of beer per day with a huge capacity to boost production of sorghum and cassava considered the main beer raw materials.
Local media had earlier quoted Raymond Asemakaha, Managing Director of Benue Investment and Property Company Limited (BIPC), to have stated that Benue as a state consumed beer in the region of N850 million and N870 million monthly, and the consumption could rise to N1 billion during the festive periods in December every year.
But, to change the trend, Benue Investment and Property Company Limited is putting
...More info on site
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Vietnam: Quang Nam Province to see tax revenue fall due to Heineken plant closure
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Quang Nam Province in central Vietnam will see its tax revenue fall by some VND500 billion (US$19.5 million) a year after Heineken, the world's second-largest brewer, closed its brewery in the province, a provincial official said on July 4, Tuoi Tre News reported.
At a conference of the provincial Party Committee, Ho Quang Buu, vice-chairman of the administration in Quang Nam Province, said Heineken had announced the shutdown of its brewery in the province.
That closedown is projected to cost the province VND500 billion annually, Buu noted.
The factory was put into service in 2007.
Although it had the smallest capacity among the six Heineken factories across Vietnam, it contributed significantly to Quang Nam Province’s budget.
Prior to the outbreak of the COVID-19 pandemic, Heineken Vietnam paid between VND1 trillion ($38.9 million) and VND1.2 trillion ($46.7 million) in tax to the Vietnamese government's budget each year.
The figures, however, have kept a downward streak in recent years.
The Dutch brewer paid approximately VND20 billion ($780,000) in tax to the Quang Nam coffers in the first quarter of 2024.
In Vietnam, Heineken is officially employing some 3,000 people, creating 250,000 jobs in its supply chain, with its business performance accounting for 1.04 percent of the country’s GDP.
It has
...More info on site
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