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E-Malt.com Newsletter 28b
July 11 - July 14, 2024
Quote of the Week
Do the best you can. No one can do more than that.
John Wooden
Currency Rates
Base Currency: US Dollar
on July 12, 2024 |
Base Currency: Canadian Dollar
on July 12, 2024 |
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1 USD = 0.9212 EUR
1 USD = 0.7758 GBP
1 USD = 1.3625 CAD
1 USD = 1.4788 AUD
1 USD = 160.2580 JPY
1 USD = 5.4221 BRL
1 USD = 87.7080 RUB
1 USD = 7.2618 CNY
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1 CAD = 0.7339 USD
1 CAD = 0.5693 GBP
1 CAD = 0.6760 EUR
1 CAD = 1.0852 AUD
1 CAD = 117.6040 JPY
1 CAD = 3.9790 BRL
1 CAD = 64.3642 RUB
1 CAD = 5.3290 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Barley crop forecast slightly reduced to 9.8 mln tonnes
...Click here
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USA, KY: West Sixth Brewing to open a new location in Covington
...Click here
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Canada, BC: Port Coquitlam’s Boardwalk Brewing to close for good on July 14
...Click here
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Canada: Labatt’s Halifax brewery supporting its Disaster Relief Program by focusing on water can production
...Click here
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Vietnam: Government drafts new regulations proposing phased increase in alcohol excise
...Click here
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World: Deutsche Bank raises its price target on Carlsberg
...Click here
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Germany: Hop acreage, number of hop growers down in 2024
...Click here
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World: Analysts note split in malting barley prices on global markets
...Click here
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EU & UK: France, Denmark, UK barley prices bounce slightly up
...Click here
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The Czech Republic: Hops area under cultivation reduced by 0.4% this year
...Click here
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World: Brand Champions Report publishes list of best-selling alcohol brands in 2023
...Click here
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UK: British hops trying to win market back with innovation and sustainability
...Click here
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UK: Winter barley crop condition improves across UK
...Click here
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Germany: Expected beer sales boom during Euro 2024 failed to materialize - Veltins brewery
...Click here
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The Czech Republic: Budejovicky Budvar reports increase in net profit, beer output, exports in 2023
...Click here
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UK: Campaign for Real Ale fearful about future of ‘UK beers, brands, and breweries’ following Marston’s decision to leave brewing side of industry
...Click here
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Nigeria: Golden Guinea Breweries wins eight-year lawsuit against AB InBev
...Click here
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Graph of the Week
Table of the Week
EU Barley Crop 2018 - 2024f
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
11 July
1934 - FDR became 1st pres to travel through Panama Canal
1962 - 1st transatlantic TV transmission via satellite (Telstar I)
1972 - The first game of the World Chess Championship
1985 - Coca-Cola announces the return of Coke Classic after the company had tried displacing the old formula with New Coke
12 July
1793 - The world's first optical telecommunications network is launched
1854 - George Eastman is born, future founder of "Kodak"
1859 - Paper bag manufacturing machine patents by William Goodale, Massachusetts
13 July
1568 - Dean of St. Paul's Cathedral perfects a way to bottle beer
1852 - Wells, Fargo & Co. is founded by Henry Wells and William G. Fargo
1898 - Guglielmo Marconi patents radio
14 July
1850 - 1st public demonstration of ice made by refrigeration
1853 - of the first major US world's fair, the Exhibition of the Industry of All Nations in New York City
1857 - Maytag invented the washing machine
1959 - 1st atomic powered cruiser, Long Beach, Quincy Massachusetts
1969 - The United States $500, $1,000, $5,000 and $10,000 bills are officially withdrawn from circulation
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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Canada: Barley crop forecast slightly reduced to 9.8 mln tonnes
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Conditions over the past month have been nearly ideal for barley crop development in Canada with widespread, moderate rainfall, plus slightly cooler than normal
...More info on site
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USA, KY: West Sixth Brewing to open a new location in Covington
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Lexington-based West Sixth Brewing is set to open a location in Covington, LINK nky reported on July 10.
The West Sixth Covington Haus will be located at 100 West Sixth Street, which previously held Flying Axes until it closed its doors last month.
West Sixth’s current Northern Kentucky location at the Bridge View Box Park at Newport on the Levee will close, and the staff and management will move to the Covington location this fall, per a release from the brewery.
This historic building has had many tenants, one of the most well-known being ‘Covington Haus’ bar and restaurant, led by the late Mick Noll, an advocate for the city of Covington.
“When we found this space and learned the history of the building and the Noll’s involvement in the community, we knew we wanted to pay tribute to the history by naming the location West Sixth Covington Haus,” Ben Self, co-founder of West Sixth Brewing said in a press release. “His family has graciously given their blessing for the use of the name and shared some wonderful stories about the bar’s legacy with us.”
The building is also home to Second Story cocktail bar on the (you guessed it) second floor. Per the release
...More info on site
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Canada, BC: Port Coquitlam’s Boardwalk Brewing to close for good on July 14
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Port Coquitlam’s brewery trail is getting a little shorter, Tri-City News reported on July 10.
Boardwalk Brewing, in the city’s Dominion Triangle area, is pulling its last tap Sunday, July 14.
The three-year-old craft brewery, renowned for its cotton candy Belgian ale that earned a silver medal at the 2023 Canadian Brewing Awards, announced its closure on its Facebook page Monday, July 8.
“The rising costs in this economic climate are too much for us to sustain,” said the post. “We are so grateful for all of our customers’ support over the years.”
Boardwalk is the second of the four breweries in the city that are located in close proximity to the Traboulay PoCo Trail to be closed, although Taylight Brewing was able to reopen under new ownership in November 2022, a year after shutting its doors. The other breweries along the trail are Northpaw and Tinhouse.
Patina and PoCo Brothers are the other breweries operating in the city.
Boardwalk opened in July 2021 after a slight delay when two of its one-tonne fermenters were stolen from the brewery’s parking lot prior to their installation. They were recovered from a scrap yard but one was so badly damaged, it needed to be replaced.
“It was just more
...More info on site
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Canada: Labatt’s Halifax brewery supporting its Disaster Relief Program by focusing on water can production
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Beverage company Labatt Breweries of Canada has announced that its Halifax brewery is supporting its Disaster Relief Program by focusing on water can production, Packaging Gateway reported on July 11.
The company is investing C$120,000 in new manufacturing technology to meet the growing demand for canned water used in disaster relief.
This strategic move allows the London brewery to concentrate on producing Canada’s renowned beers and ready-to-drink beverages while the Halifax location will focus on maximising water can volume.
The Halifax brewery’s transition to water can production is a first, and the investment is expected to support future volume increases.
To facilitate this initiative, the Halifax brewery will temporarily cease beer production, directing its efforts towards supporting the Atlantic provinces and enhancing the nationwide distribution of water cans.
Since the inception of its Disaster Relief Program in 2012, Labatt has been producing water cans at its London, Canada, brewery, providing safe drinking water to communities affected by disasters.
In 2021, the company strengthened its programme by partnering with Team Rubicon Canada, a veteran-led humanitarian organisation, to deliver water to hard-to-reach areas.
The collaboration has been successful, with Labatt donating its one-millionth can of water in December
...More info on site
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Vietnam: Government drafts new regulations proposing phased increase in alcohol excise
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Vietnam’s Finance Ministry has announced plans for a phased tax hike on alcohol, a decision which will likely be a crushing blow to the
...More info on site
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World: Deutsche Bank raises its price target on Carlsberg
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Deutsche Bank reaffirms its 'buy' recommendation on Carlsberg, the stock that replaces Heineken as first choice in the European beverage sector, with a price
...More info on site
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Germany: Hop acreage, number of hop growers down in 2024
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Germany’s hop acreage is down 340 ha (-1,6 %) to a total of 20,289 ha this year, Barth Haas said in their June Hop Update
...More info on site
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World: Analysts note split in malting barley prices on global markets
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French malting barley prices are up on crop concerns, while improving crops in Canada, Argentina, and Australia are increasingly more competitive, RMI Analytics said
...More info on site
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EU & UK: France, Denmark, UK barley prices bounce slightly up
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In France, as the winter barley harvest results verify fears about yield reductions due to wet weather, prices have bounced slightly. Farmers’ disappointment in
...More info on site
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The Czech Republic: Hops area under cultivation reduced by 0.4% this year
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In the Czech hops growing regions, the area under cultivation was reduced by a further 21 ha (-0.4 %) to a total of 4,852 ha this year,
...More info on site
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World: Brand Champions Report publishes list of best-selling alcohol brands in 2023
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There are so many alcohol brands out there, and as the spirits industry gets increasingly saturated and competitive, a person has to wonder —
...More info on site
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UK: British hops trying to win market back with innovation and sustainability
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A taste for tropical New World flavours has taken business away from traditional British hop farmers, but a fightback is underway centred on innovation
...More info on site
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UK: Winter barley crop condition improves across UK
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The Agricultural and Horticultural Development Board (AHDB) has confirmed that winter crop conditions remain poor across the UK on a historic basis, Agriland reported on July 11.
However, recent weeks have seen a significant improvement in the situation. This is a direct result of the dry and significantly warmer weather conditions that have impacted on all crops since the middle of April.
Winter combinable crops in the UK suffered a lot of very wet weather this year, from planting and establishment through to late March and beyond.
As a result, crop conditions are more varied than usual. The crops now, are not the best we have ever seen, but have surprised many people with their improvement from earlier in the year.
While some parts of the country are looking more or less as they should, there are notable bare patches and large gaps, particularly in wet corners and headlands across several regions. Central England is particularly affected.
The percentage of the GB winter barley crop rated as either good or excellent is 69%. This is up from the 62% last month, but down from 84% a year ago.
The winter barley crop is starting to turn golden, and sunshine would be welcomed for this crop now
...More info on site
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Germany: Expected beer sales boom during Euro 2024 failed to materialize - Veltins brewery
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A major German brewery on July 12 reported disappointing figures for the beer industry in June.
An expected boom in consumption during the men’s UEFA European Championships failed to materialise.
Veltins representative Michael Huber said the “European Championship effect has flopped for the breweries,“ as rainy weather and a change in drinking habits dampened sales despite Germany hosting the tournament.
The brewery said German drinkers consumed an estimated eight million hectolitres of beer in June, lower than in the same month in 2023. One hectolitre is 100 litres.
German breweries sell around one-sixth of their beer to the hospitality sector, with the lion’s share of their business coming from the retail trade.
According to Veltins, consumers in supermarkets and beverage stores have held back this year.
The comparison with the “summer fairytale” of 2006, when Germany hosted the men’s FIFA World Cup, is sobering.
Beer sales in June of that year were reportedly around 11 million hectolitres. During this year’s tournament, fans have watched more games alone at home, instead of meeting up in large numbers and drinking more heavily.
“That’s different from inviting your neighbour over for a barbecue and drinking beer,“ Mr Huber said.
To calculate the figures, Veltins used data from a logistics company it partly
...More info on site
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The Czech Republic: Budejovicky Budvar reports increase in net profit, beer output, exports in 2023
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The Czech brewer Budvar, which has been embroiled in a long legal dispute with U.S. beer giant Anheuser-Busch over the use of the Budweiser
...More info on site
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UK: Campaign for Real Ale fearful about future of ‘UK beers, brands, and breweries’ following Marston’s decision to leave brewing side of industry
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The Campaign for Real Ale (Camra) says it is fearful about the future of "UK beers, brands and breweries" after this week’s announcement that Marston's is to leave the brewing side of the industry and focus on running pubs, BBC reported on July 9.
The company said it had sold its 40% stake in brewing company Carlsberg Marston’s Brewing Company (CMBC), with Carlsberg acquiring the share for £206m in a sale that had "significantly reduced" debt.
The joint-venture had been operating from an historic brewing site in Chapel Ash, Wolverhampton.
Jacob Collier, the MP representing Burton, an area itself steeped in brewing history, said he was concerned by the news and what the effect might be on those employed within the industry, including those in his own nearby constituency. The BBC has invited Carlsberg to comment on its plans.
Marston's and Carlsberg announced a merger four years ago to form CMBC, in a move that involved Marston's six breweries and distribution depots, but not its pubs.
However, Marston’s said it would continue its "strong partnership" with CMBC through the long-term brand distribution agreement which remained in place.
Carlsberg has also announced it has bought Britvic, the company that makes drinks such as Robinsons squash and J20,
...More info on site
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Nigeria: Golden Guinea Breweries wins eight-year lawsuit against AB InBev
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Golden Guinea Breweries Plc has triumphed in an eight-year, N10 billion lawsuit against Anheuser-Busch InBev (AB InBev) and International Breweries Plc, Brand Spur reported on July 12.
The brewer from Umuahia, Abia State, approached the Federal High Court in 2016 and demanded general damages from Pabod Breweries Limited, a business in which AB InBev owns a controlling equity share, in the amount of N10 billion. The brewery claimed Pabod had infringed on its trademark in the manufacturing of Eagle Stout.
On March 6, 2024, Justice Stephen Dalyop Pam of the Federal High Court, Port Harcourt Division, rendered a decision following hearings from S. Nmor, the defendant, and Omolola Aderolu of Johnson Bryant, representing Golden Guinea Breweries Plc.
The Federal High Court granted Golden Guinea Breweries Plc, the owner of the trademark “Eagle Stout,” which is registered as No. 21153 in class 32 at the Nigerian Trade Marks Registry Abuja, among other rights, in a four-page court decision obtained by BusinessDay on Thursday. This includes the right to use the mark exclusively for the manufacture, sale, and distribution of the product in the Nigerian market.
Golden Guinea Breweries, the registered owner of the trademark “Eagle Stout,” has been granted exclusive use of the mark for
...More info on site
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