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E-Malt.com Newsletter 37b
September 12 - September 15, 2024
Quote of the Week
Be sure you put your feet in the right place, then stand firm.
Abraham Lincoln
Currency Rates
Base Currency: US Dollar
on September 13, 2024 |
Base Currency: Canadian Dollar
on September 13, 2024 |
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1 USD = 0.9062 EUR
1 USD = 0.7650 GBP
1 USD = 1.3580 CAD
1 USD = 1.4938 AUD
1 USD = 142.3650 JPY
1 USD = 5.6521 BRL
1 USD = 90.8370 RUB
1 USD = 7.1180 CNY
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1 CAD = 0.7363 USD
1 CAD = 0.5633 GBP
1 CAD = 0.6672 EUR
1 CAD = 1.0998 AUD
1 CAD = 104.8190 JPY
1 CAD = 4.1614 BRL
1 CAD = 66.8803 RUB
1 CAD = 5.2408 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, TX: Bare Arms Brewery to open new location in Waco
...Click here
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USA, CA: Fairfax Brewing Co. brings new life to former Iron Springs Pub & Brewery space in Fairfax
...Click here
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USA, TN: Memphis Filling Station to join Memphis brewing community on September 13
...Click here
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USA, TX: Labora Brewery becomes Mathis’s first-ever brewery
...Click here
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USA, TX: Weathered Souls Brewing Co. shuttering their doors after eight years of operation
...Click here
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World: Global barley trade forecast up in USDA’s September report
...Click here
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Australia: Beer consumption back on the rise in Australia, research says
...Click here
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UK: Malting barley premium fell during the past year
...Click here
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UK: Budweiser Brewing Group reveals trends from beer category growth during Euro 2024
...Click here
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Vietnam: Tax increases on alcoholic beverages should strike a balance - experts
...Click here
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Australia: More than 20 craft breweries have entered voluntary administration or liquidation over the past year
...Click here
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Australia: Australia’s independent brewers advocating for excise reform
...Click here
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The Czech Republic: Czech consumers complain of paying more for less beer
...Click here
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India: New regulations should benefit craft brewing sector in Karnataka
...Click here
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Vietnam: Carlsberg Vietnam appoints new managing director
...Click here
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Kazakhstan: Carlsberg to invest over EUR100 mln in new non-alcoholic beverages plant in Kazakhstan
...Click here
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Graph of the Week
Table of the Week
World Hops Area and Production 2019 - 2023
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
12 September
1624 - 1st submarine tested (London)
1836 - The New York Stock Exchange prohibits its members from trading in the streets outside
1933 - Leo Szilard, waiting for a red light on Southampton Row in Bloomsbury, conceives the idea of the nuclear chain reaction
1970 - 1st Concorde lands at Heathrow airport
13 September
1898 - Hannibal Goodwin patents celluloid photographic film
1905 - 1st airplane flight in Europe
1956 - The IBM 305 RAMAC is introduced, the first commercial computer to use disk storage
1970 - IBM announces System 370 computer
14 September
1886 - George K Anderson of Memphis, Tennessee patents typewriter ribbon
1899 - Henry Bliss becomes 1st automobile fatality (NY)
1960 - Organization of Petroleum Exporting Countries (OPEC) forms
2000 - Microsoft releases Windows ME
15 September
1857 - Timothy Alder patents typesetting machine
1928 - Alexander Fleming discovers penicillin
1952 - European Parliament forms in Strasbourg
1959 - The first successful photocopier, the Xerox 914, is introduced
Agenda
September 2024:
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)
10 - 13: Mondial de la Biere Rio 2024 (Rio de Janeiro, Brazil)
17 - 19: Warsaw Beer Festival 2024 (Warsaw, Poland)
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)
25 - 27: Expo Antad & Alimentaria Mexico 2025 (Expo Guadalajara, Jalisco, Mexico)
April 2025:
03 - 05: Warsaw Beer Festival 2025 (Warsaw, Poland)
06 - 08: Planete Biere 2025 (Paris, France)
06 - 09: 15th International Trends in Brewing 'Beer & Society' 2025 (Leuven, Belgium)
10 - 12: KIBEX 2025 (Seoul, South Korea)
11 - 12: InnBrew 2025 (Barcelona, Spain)
15 - 17: Craft Beer China 2025 (Shanghai, China)
28 - 01 May: Craft Brewers Conference & BrewExpo America 2025 (Indianapolis, USA)
May 2025:
13 - 15: International Beer Strategies Conference 2025 (Prague, the Czech Republic)
16 - 18: Cerveza Mexico Expo 2025 (Expo Guadalajara, Jalisco, Mexico)
16 - 17: Copenhagen Beer Festival 2025 (Copenhagen, Denmark)
26 - 01 June: Budapest Beer Week 2025 (Budapest, Hungary)
News Articles
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USA, TX: Bare Arms Brewery to open new location in Waco
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Bare Arms Brewing, located just off the traffic circle on La Salle Avenue, is not only a local favorite, but also the oldest operating brewery in Waco, KWTX.com reported on September 12.
Having been around since 2015, the owners shocked many when they announced this past Friday, September 6 that the brewery would be closing its doors.
However, just a few days later they shared that it’s because they’re opening a brand new location just a few minutes down the road in Robinson.
Owner Kevin Yackley says he and his wife, Jill King, came to Waco in 2017 with the dream to build their own brewery, which is how they came across Bare Arms Brewing.
“The owners of bear arms came to me and asked if I wanted to buy rather than build, and the rest is history,” he shared.
They officially took over back in 2020, but it didn’t take long for them to outgrow the building, which was built back in the 1960s.
Once Yackley and his wife realized they would need to relocate, they saw an opportunity to do what they had originally set out to do.
“We get a chance to, now after five years of experience as a commercial brewer, get to
...More info on site
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USA, CA: Fairfax Brewing Co. brings new life to former Iron Springs Pub & Brewery space in Fairfax
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This week, the opening of Fairfax Brewing Co. by a group of Marin locals brings new life to the former Iron Springs Pub & Brewery space in Fairfax. The full-service gastropub not only revives a 25-year-old brewing facility that dates back to Iron Springs’ predecessor, Ross Valley Brewing Co., but also introduces the town’s first namesake beer brand, Marin Independent Journal reported on September 10.
In true community fashion, the brewpub is supported by the grassroots investment of 38 local ambassadors dedicated to carrying on the built-by-and-for-Marin-families tradition started by Fairfax couple Michael and Anne Altman, who closed Iron Springs and retired in 2021 after a 17-year run. Two versions of Santa Rosa-based HenHouse Brewing Co. followed in the same location but didn’t last.
Alex and Lisa Stricker, co-owners of State Room Brewery and Flatiron in San Rafael, are partners on the project. Alex Stricker, also a partner in San Rafael-based gourmet food delivery service Jessie and Laurent, describes his role as a visionary and collaborator but credits the ambitious rollout to his co-founders, brewmaster Larry Berlin and executive chef and Fairfax native Dan McGarry.
Berlin was the original brewmaster at Ross Valley Brewing Co. and stayed on with Iron Springs for a
...More info on site
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USA, TN: Memphis Filling Station to join Memphis brewing community on September 13
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Lately a number of downtown Memphis businesses have been closing, but there’s a new business that’s bucking the trend, News3 Channel reported on September 12.
Memphis Filling Station, a dream turned reality for owner Scott Kley-Contini, is set to launch Friday, September 13 on GE Patterson near Third, with a menu featuring new beers and fan favorites.
“I have been brewing beer since I was old enough to brew beer,” Kley-Contini said. “In my twenties everything I was making was really good. Everybody would taste it and say, ‘You know you should start selling this.'”
What sets them apart? Transparency. Customers can see the experimental brewing process up close, with equipment on full display.
“This is our open concept,” he said. “We want people to come in, be able to feel like they are part of the process. They can see how it’s being made. Ask questions about it and it’s right there within your grasp.”
Kley-Contini’s optimistic about the downtown location, despite recent closures. He sees it as an opportunity for growth.
Luanne Yeley, executive director of the Downtown Neighborhood Association, shares his enthusiasm, saying crime numbers are down, and this new development is a welcomed addition.
“I think that crime is certainly a
...More info on site
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USA, TX: Labora Brewery becomes Mathis’s first-ever brewery
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One Mathis family is finally seeing their dreams come true with the opening of Mathis's first-ever brewery, Labora Brewery, on East Rockport Street, KRIS 6 News reported on September 12.
"All the beer is homemade from scratch. We order our barley, hops and yeast. Everything is made here,” Labora Brewery President Jake Resio said.
What started as a hobby has turned into a pursuit of happiness for Resio, whose been brewing beer for the last decade.
"A lot of the planning and thought behind this project wasn't just to build a brewery. We wanted to revitalize the downtown area,” Resio said.
As wepreviouslyreported, Resio, his brother Nick, and their friend Jay Poole bought this century-old cotton gin in 2020. A year in, the crew began the journey to build Mathis' first-ever brewing company.
"This business with this building is more a tribute to this town,” Resio said.
While construction wrapped up on this part of the building. There's so much more Resio wants to upgrade.
"The patio which is our main seating area was just get the doors open but the real vision for this place is to renovate the whole inside of the building,” Resio said.
Labora Brewery isn't just focused on its construction. It's also expanding
...More info on site
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USA, MI: Big Pines Brewing opens in Hillsdale
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A new craft brewery began its soft opening last week and will expand its selection next week, Hillsdale Collegian reported on September 12.
Big Pines Brewing, located next to Ethan’s Donut Factory at 89 McCollum St. in downtown Hillsdale, opened with a limited selection of drinks on Sept. 6. The brewery will serve three craft beers and a seltzer until the options expand to six taps next week, said owner Kevin Robinson.
“We’re starting with bare bones right now,” Robinson said.
Big Pines is open from 3-8 p.m Thursday through Saturday and from noon to 5 p.m. on Sunday, according to its Facebook page. It is closed Monday through Wednesday. Robinson said he expects to expand hours, add outdoor seating, and install a walk-in cooler with eight to 10 taps by the spring.
“We’re going to wait to build up our Mug Club membership,” Robinson said.
The Mug Club membership would encourage repeat patrons, Robinson said, and give them a say in some changes to the brewery. This would include which taps are kept in the core lineup and even where seating goes.
“Our biggest thing here was to focus around our Mug Club members and to make a very comfortable atmosphere to sit and
...More info on site
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USA, TX: Weathered Souls Brewing Co. shuttering their doors after eight years of operation
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After eight years of operation, Weathered Souls Brewing Co. is shuttering their doors for good, MySA reported on September 13.
The Northside brewery, an Embassy Oaks staple since 2016, confirmed the news on their social media channels with the following official announcement.
"It's hard to believe we're saying this, but after 8 unforgettable years, Weathered Souls will be closing its doors on Sept. 22nd," the post began. They added, "But don't worry, this isn't a goodbye filled with sadness. Instead, it's a celebration of everything we've accomplished together."
The closure notice follows three months after Weathered Souls co-founder, head brewer and James Beard Award nominee Marcus Baskerville stepped down from his role at the brewery.
Weathered Souls was recognized by the James Beard Award Foundation in 2023 as a semifinalist in the outstanding bar category. Southern Living named the brewery one of the South's best in 2022.
Continuing with their closure post, the current owners of Weathered Souls added, "We wanted to take a moment to thank YOU — our incredible customers, local vendors and dedicated team members who have given their all throughout the years. Without your support, none of this would have been possible."
To commemorate their last days of service, Weathered
...More info on site
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World: Global barley trade forecast up in USDA’s September report
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World barley trade forecast for 2024/25 is up at 27.859 mln tonnes in USDA’s September report, versus 27.479 mln tonnes forecast in August and
...More info on site
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Australia: Beer consumption back on the rise in Australia, research says
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New research from NiQ indicates that beer consumption is back on the rise in Australia, both at home and in venues – trumping spirits,
...More info on site
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UK: Malting barley premium fell during the past year
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The premium for growing malting barley has deteriorated during the past year, with the UK market looking well supplied by an abundance of high-quality
...More info on site
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UK: Budweiser Brewing Group reveals trends from beer category growth during Euro 2024
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Budweiser Brewing Group UK&I, a proud partner of AB InBev, continues to see growth in the beer sector, as Euro 2024 spearheads a 5.8% value and 5.1% volume growth in the category, with the return of the football season likely to drive at-home drinking moments, Retail Times reported on September 12.
Southgate’s long tournament runs have injected life into the economy, as England’s progression to the final played a huge role in increasing beer sales. Overall, an extra 9.3m litres of beer were sold in the off-trade, compared to the same time frame the previous year, equating to an extra £28m being spent in the category.
“UEFA Euro 2024 proved how important it is for retailers to capture spend during sporting moments,” says Maria Neves, head of category management at Budweiser Brewing Group, said: “Whilst national games draw a larger audience and increase basket spend, they also shine a light on what’s performing well. This offers customers a great opportunity to plan for the domestic football season, and international breaks in-between. We saw a real spike in World Beer, Craft Beer, and No-and-Low Alcohol during UEFA Euro 2024, which are trends we expect to see continue and recommend stocking for the season
...More info on site
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Vietnam: Tax increases on alcoholic beverages should strike a balance - experts
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The tax increases on alcoholic beverages in Vietnam should strike a balance between curbing consumption to protect the public's health and hindering the beverage industry, said industry experts and policymakers, VietNam News reported on September 11.
Three tax laws, including the Corporate Income Tax Law, the Value-Added Tax Law, and the Special Consumption Tax Law, have been under review and are expected to be amended in a direction that will significantly raise taxes for the industry.
Among these, a draft amendment to the Special Consumption Tax Law is expected to be presented to the National Assembly next month and can be approved as early as May next year. The tax has been reported to take an upward trajectory, taxing alcoholic beverages starting from 2026, reaching as high as 100 per cent by 2030.
The amendment proposed two scenarios, with the Ministry of Finance preferring alcoholic beverages with alcohol content of 20 per cent or higher having their taxes increased by 80 per cent by 2030. Meanwhile, alcoholic beverages with an alcohol content of 19 per cent or lower will have their taxes increased by 50-70 per cent. Beers will also see a gradual tax increase from 80 per cent to 100 per cent.
Head
...More info on site
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Australia: More than 20 craft breweries have entered voluntary administration or liquidation over the past year
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This week, Melbourne’s Burnley Brewing has announced that it has entered into liquidation, marking a continuation of a now well-established trend that has seen more than 20 breweries enter into either voluntary administration or liquidation over the past year alone, Drinks Trade reported on September 11.
According to an update published to ASIC, “notice is given that at a general meeting of the members of the Company held on 09 September 2024, it was resolved that the Company be wound up and that Con Kokkinos be appointed liquidator(s).”
Shortly prior to this on 3 September and 5 August respectively, Prancing Pony Brewery Apollo Bay Brewery both revealed that they had appointed restructuring practitioners to improve the economic viabilities of the companies. The Burnley, Prancing Pony, and Apollo Bay news follows on from Margaret River’s Black Brewery Co and Brew Barons (trading as Parched West End) permanently shutting their doors in July.
In a statement issued to social media, Burnley Brewing said that the decision to wind up its taproom operations, originally announced last month, has been made due to circumstances beyond the breweries control.
“We are feeling for staff across our production, sales and hospitality teams who put so much of themselves into
...More info on site
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Australia: Australia’s independent brewers advocating for excise reform
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In its Budget submission earlier this year, the Independent Brewers Association (IBA) described the environment for independent brewing as “dire”, and just last month, the industry was hit once again with a bi-annual tax increase, Beer & Brewer reported on September 12.
Paired with increased production costs and legacy tax debt to name a few, these pressures are causing craft breweries to enter administration or close their doors at an alarming rate, while others struggle to stay afloat.
But, despite the challenging outlook for the industry, independent breweries nationwide are taking action.
A statement issued yesterday by the IBA said independent breweries have spent the last few months meeting with MPs and advocating for excise reform, and MPs from New South Wales, Queensland and Western Australia, who have been invited into venues, have agreed on the need for reform of the excise regime.
Such advocacy hopes to drive conversation in Parliament, and earlier this week, Cameron Caldwell MP spoke to the House of Representatives about the challenges faced by Australian small and family businesses, which he described as the lifeblood of our economy and essential to our way of life.
“These businesses are at breaking point, struggling under the weight of policies and red tape
...More info on site
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The Czech Republic: Czech consumers complain of paying more for less beer
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Prague pubs have recently come under fire for serving smaller amounts of beer, causing dissatisfaction among customers. Many establishments, experts say, have made it the norm to serve around 470 milliliters (a pint) instead of a half-liter, Expats.cz reported on September 11.
But why are pubs serving less beer? The answer may lie in the strict regulations enforced by the Czech Trade Inspection Authority (ČOI), which has been issuing fines for under-measured drinks. To protect themselves from these fines, pubs have started advertising – and serving – smaller minimum measures, to avoid getting in trouble. The swap from a half-liter to a pint, while not adjusting prices, unfairly impacts the consumer.
Other pubs have taken this practice even further, serving beers with a volume of only 0.4 liters. According to Maier, this is 20 percent less beer than a regular serving, and customers may not even realize they are being served less.
František Novotný, manager of U Pinkasů – a well-known Prague bar people have accused of underpouring pints – defended the practice by speaking to Czech media outlet iDnes. "We are stating the real minimum rate; we are not misleading anyone."
However, economist Tomáš Maier tells iDnes that this is a disservice
...More info on site
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India: New regulations should benefit craft brewing sector in Karnataka
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The recent easing of regulations in India’s Karnataka state should significantly boost the local craft brewing sector, AsiaBrewersNetwork.com reported on September 2.
The government of Karnataka state in southern India has announced reductions to the minimum space requirement for microbreweries from the previously required 10,000 square feet to 6,500 square feet. The change, along with others, is outlined in the Karnataka Excise (General Conditions of Licences) (Amendment) Rules, 2024, which were announced in mid August.
In addition to the reduced space requirements, the amendment also allows microbreweries to establish up to three additional beer dispensing counters. Previous regulation limited establishments to just one counter, causing operational challenges, especially in larger venues.
Furthermore, the Karnataka government has extended the operational hours for clubs, hotels, bars, and restaurants, permitting them to serve alcohol until 1 am.
The state is also planning to reduce the pricing of premium Indian Made Liquor (IML) to make it competitive with rates in neighbouring states.
The changes are expected to supercharge investment in local craft beer and microbrewing activity, particularly in the state capital, Bengalaru, which already enjoys a reputation as the craft beer capital of India.
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Vietnam: Carlsberg Vietnam appoints new managing director
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Andrew Khan has been appointed the new managing director of Carlsberg Vietnam, one of the brewing multinational’s “key growth engines” globally, The Drinks Business reported on September 12.
Carlsberg, the world’s third largest brewer, intends to expand premium brands across key markets with the new appointment.
Khan said of his new role: “Vietnam is one of the key growth engines for Carlsberg Group globally and in Asia. It is an honour to be in this fast-growing market and sail alongside the passionate and dedicated team. I am very confident that Carlsberg Vietnam will continue to thrive, deliver sustainable growth, and provide exceptional products to our customers, as well as creating lasting value for the communities we proudly serve.”
Khan has been appointed MD of Carlsberg Group’s Vietnam arm following a five-year tenure with the company.
He has worked as global vice president of premium and beyond beer at Carlsberg Group since 2022. In this role Khan led the growth of brands like 1664 Blanc, Brooklyn, and Somersby.
He first joined the group in 2019 as chief marketing officer for Carlsberg Group China.
Prior to this Khan held a role at Möet Hennessy Diageo China, where he worked for more than eight years.
Asia has been and remains
...More info on site
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Kazakhstan: Carlsberg to invest over EUR100 mln in new non-alcoholic beverages plant in Kazakhstan
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Carlsberg is set to invest over 100 million euros in a new production facility for non-alcoholic beverages in Kazakhstan, Interfax reported on September 12.
"The new investment is expected to deliver a double-digit return on invested capital (ROIC) from the first year and increase the group's ROIC by the third year," the company said in a press release.
The Carlsberg Group and PepsiCo, Inc. announced an expansion of their strategic partnership with a new agreement under which Carlsberg will become the PepsiCo bottler in Kazakhstan and Kyrgyzstan from January 1, 2026.
"With the new strategic partnership, PepsiCo and Carlsberg have agreed to cooperate in the production, sale and distribution of non-alcoholic beverages in the two countries. Beginning January 1, 2026, Carlsberg will take over the PepsiCo franchise to produce non-alcoholic beverages in Kazakhstan and Kyrgyzstan," according to the statement.
Carlsberg Kazakhstan was the market leader in the beer category with a 38% market share in 2023.
Carlsberg and PepsiCo already have existing bottling agreements in five other markets across Europe and Asia, namely Norway, Sweden, Switzerland, Cambodia and Laos. Earlier this year, Carlsberg announced its intention to acquire Britvic plc, which, upon completion and subject to regulatory and legal requirements, would allow Carlsberg to produce
...More info on site
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