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E-Malt.com Newsletter 40b
October 03 - October 06, 2024
Quote of the Week
Be miserable. Or motivate yourself. Whatever has to be done, it's always your choice.
Wayne Dyer
Currency Rates
Base Currency: US Dollar
on October 04, 2024 |
Base Currency: Canadian Dollar
on October 04, 2024 |
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1 USD = 0.9063 EUR
1 USD = 0.7601 GBP
1 USD = 1.3532 CAD
1 USD = 1.4590 AUD
1 USD = 146.7650 JPY
1 USD = 5.4585 BRL
1 USD = 95.1198 RUB
1 USD = 7.0440 CNY
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1 CAD = 0.7389 USD
1 CAD = 0.5616 GBP
1 CAD = 0.6696 EUR
1 CAD = 1.0780 AUD
1 CAD = 108.4440 JPY
1 CAD = 4.0332 BRL
1 CAD = 70.2834 RUB
1 CAD = 5.2047 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Constellation Brands says growth in beer business offset weakness in wine and spirits but shares stagger to sharp loss
...Click here
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USA, MI: Northern Wind Brewing set to open in Wyandotte in spring 2025
...Click here
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USA, NM: Jemez Mountain Brewhouse now brewing its beer on-site
...Click here
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USA, TX: Busted Sandal Brewing Company closes after 11 years in business
...Click here
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USA, WA: Flyers Restaurant and Brewery announces permanent closure
...Click here
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USA, OH: Species X Beer Project which used AI to create its brews has closed
...Click here
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World: Global malting barley price trend turns slightly more upward
...Click here
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EU & UK: Malting barley prices slightly up after higher wheat futures in Paris
...Click here
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Singapore: ThaiBev to allocate 18 mln baht for expansion this year
...Click here
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Vietnam: Heineken urges Vietnam to reconsider excise tax
...Click here
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Russia: Export duty on barley, wheat to increase next week
...Click here
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Graph of the Week
Table of the Week
World Barley Trade
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
03 October
1906 - SOS adopted as warning signal by 1st conference on wireless telegraphy
1922 - 1st facsimile photo send over city telephone lines, Washington, DC
1952 - 1st video recording on magnetic tape, Los Angeles, California
04 October
1910 - 1st public elevator (London's Earl's Court Metro Station)
1957 - USSR launches Sputnik I, 1st artificial Earth satellite
1958 - USSR Luna 3 sent back 1st photos of Moon's far side
1976 - Official launch of the InterCity 125 high speed train
05 October
1887 - Rene Cassin is born, pacifist, Nobel Peace Prize 1968
1902 - Ray Kroc born in Illinois, founder of McDonalds and owner of the San Diego Padres
1991 - The first official version of the Linux kernel, version 0.02, is released
1993 - Daimler-Benz becomes the first German company to be listed on the New York Stock Exchange
06 October
1781 - Benjamin Hanks patents self-winding clock
1889 - Thomas Edison shows his 1st motion picture
Agenda
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 - 09: 15th International Trends in Brewing 'Beer & Society' 2025 (Leuven, Belgium)
06 - 08: Planete Biere 2025 (Paris, France)
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)
September 2025:
15 - 19: Drinktec 2025 (Munich, Germany)
News Articles
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USA: Constellation Brands says growth in beer business offset weakness in wine and spirits but shares stagger to sharp loss
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Shares of Constellation Brands Inc. staggered to a sharp loss on October 3, after the parent of Modelo and Corona beer brands beat adjusted profit expectations, but only after excluding a large non-cash loss booked for writing down the value of its wine and spirits business, MarketWatch reported.
Overall sales rose, as growth in the beer business offset weakness in wine and spirits, but came up a bit shy of expectations.
“[W]e continue to face incremental category headwinds in our wine and spirits business, particularly in the lower-priced segments,” said Chief Executive Bill Newland on the post-earnings call with analysts, according to an AlphaSense transcript.
And Newland said that although the beer business was growing, it was being held back by the challenging macroeconomic backdrop, where rising unemployment rates have hurt consumer demand.
Looking ahead, the company nudged up its adjusted profit outlook but trimmed its view on sales growth, amid continued weakness in wine and spirits.
Newland said “the current macroeconomic environment has weighed on beverage alcohol,” as well as on the broader consumer packaged goods market, but the company continued to outperform the industry and remained the top market-share gainer in the beer business.
For the quarter to Aug. 31, the company swung to
...More info on site
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USA, MI: Northern Wind Brewing set to open in Wyandotte in spring 2025
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In 2017, Daniel Shock gathered his family and friends and placed a few unlabeled glasses of beer in front of them. Most of the options were store-bought, but there was one he brewed in his own home. After blindly testing all of the options, the group unanimously voted that the homemade beer was the best one, The News Herald reported on October 4.
Now, seven years later, Shock is spending his time crafting a brick wall at 3353 Third Street in Wyandotte where his new brewery, Northern Wind Brewing, is set to open in spring 2025. He’s opening the brewery alongside a longtime friend, Keith Smith, and his son, Martin Shock.
Before stepping into the brewery business, Shock did some research, which showed one existing brewery per 250,000 people Downriver. Other regions, like Detroit’s east side, showed 11 breweries or one brewery per 48,000 people.
Since Shock and Smith started crafting their own beers at home, they’ve received several levels of confirmation that their beers are enjoyed by more than just Shock’s family and friend’s blind tasting from 2017.
The two have won several beer-making contests. In 2022, the pair won the Urbanrest Brewing contest and were awarded by being able to brew their
...More info on site
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USA, NM: Jemez Mountain Brewhouse now brewing its beer on-site
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Jemez Mountain Brewhouse is pleased to announce they are now brewing beer on-site at their brewhouse located at 17691 NM-4, Jemez Springs, New Mexico. The brewery is open from noon until 8:00 p.m. on Fridays, Saturdays and Sundays, and 4:00 p.m. to 8:00 p.m. on Mondays, Los Alamos Reporter said on October 2.
Founded in 2022 by David Martinez, Scott Johnson, Eben Bold, and Jef Bold, Jemez Mountain Brewhouse is the culmination of the team’s personal dreams to produce quality, craft beer and share it with the world.
“We’re all passionate about the Jemez Mountains and one day over a few beers we hatched an idea,” says Jef Bold, “and Jemez Mountain Brewhouse was born.”
The company’s space in the historic Jemez Springs firehouse offers a nice place to stop, relax, and enjoy a cold brew and delicious pizza before or after your favorite Jemez activity. They offer 17 oz. and 10 oz. pours along with 32 oz. crowler cans for beer to go.
The brewery’s first beer, called Midnight Moonlight, is an American style Pale Ale. It was brewed with Pale Malt grains and a combination of Citra and Nugget hops. This end of the summer pale ale is easy drinking at 5.3%
...More info on site
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USA, TX: Busted Sandal Brewing Company closes after 11 years in business
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A sudsy San Antonio brewery with brew spots in the Texas Hill Country is calling it quits after trying everything it could to remain open. While it is a somber moment for the brand that's served the community for over 11 years, the brewery is holding final farewell celebrations to wrap up operations, MySA reported on October 3.
The Busted Sandal Brewing Company announced on Wednesday evening, October 2, that all three brewery locations will close this fall.
"We could not have accomplished all that we have without the great support from all of you," the company said in an Instagram post. "We do not close Busted Sandal with immense regret, but rather with a great sense of pride, holding our heads high knowing we made great beer and created a fun place for our Sandal Family."
There are "no more tricks up our sleeves" and there is no immediate change in the economy to help "lower the burden on our customer’s personal costs of housing, food and day-to-day life," the post noted.
"We are truly appreciative of the decisions you have all made to support our business the best you could in the past few years during tough times," the post read. "If
...More info on site
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USA, WA: Flyers Restaurant and Brewery announces permanent closure
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Flyers Restaurant and Brewery has announced that it is closing. As with every brewery closure, distinct circumstances led to the closing of this beloved Washington brewery, The Washington Beer Blog reported on October 2.
For over 20 years Flyers Restaurant and Brewery served the residents of Oak Harbor, dishing out reliably good food and always tasty beers. For me and my wife, it’s personal: Kim and I were married on Whidbey Island shortly after the brewery opened and we served Flyers’ IPA and blonde ale at our wedding. I am sure many folks in the Oak Harbor area hold similar heartfelt bonds with the restaurant and brewery. For certain, Flyers will be missed and remembered fondly.
Tony Savoy, the brewer and co-owner at Flyers Restaurant and Brewery, announced the closure on social media this morning. “It is with tremendous sadness that we announce that Flyers Restaurant and Brewery has made the very difficult decision to cease operating permanently. We want to thank our countless guests and all of the great employees we have had here over the years, your support helped us bring award-winning food, beer, and service for nearly two decades here in Oak Harbor. We genuinely appreciate all of you
...More info on site
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USA, OH: Species X Beer Project which used AI to create its brews has closed
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Species X Beer Project, whose tech-savvy creator embraced gene-edited yeasts and AI-generated beer recipes to carve out a unique spot in the Columbus craft-brewing scene, is closed, The Columbus Dispatch reported on October 3.
Beau Warren, a brewer and data analyst who opened his brewery and taproom in January at 408 N. 6th St., announced the brewery's closing Thursday on social media. He said it's a tough business right now competitively and economically.
The brewery created beverages such as fruit-flavored beer smoothies, and the taproom hosted events that included taste-offs in which people guessed whether food and drinks were made from AI- or human-generated recipes.
"I had the time of my life living out my dream this year," Warren said.
For Species X, Warren created data sets from 180 elements of the brewing process – amounts and types of ingredients such as hops, malt and yeast, as well as time variables for each step, flavors, and other factors – plus ratings and reviews of existing beverages. The resulting 10,000 recipes first got a virtual taste test, but the 13-year brewer was the final, human factor.
The taproom on the northern edge of Downtown has been home to two breweries in the last four years. Cleveland's
...More info on site
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World: Global malting barley price trend turns slightly more upward
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Globally, the world’s malting barley price trend has turned slightly more upward, led by France and Australia. Meanwhile, Canada and Argentina still face the
...More info on site
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EU & UK: Malting barley prices slightly up after higher wheat futures in Paris
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Excitement in grain prices has arrived for French Creil and Mosel malting barley prices, which are up slightly in the path of higher wheat
...More info on site
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Singapore: ThaiBev to allocate 18 mln baht for expansion this year
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Thai Beverage (ThaiBev), the Singapore-listed food and beverage company, plans to allocate 18 billion baht this year for expansion both domestically and internationally.
Chief executive Thapana Sirivadhanabhakdi unveiled the group's "Passion 2030" vision, a new five-year strategic plan that promises agility to adapt to evolving consumer behaviour, providing digital solutions catering to customer needs and preferences.
As the service sector has huge room for growth, the group views the digital platform as primed for expansion.
Prapakon Thongtheppairot, executive vice-president in charge of spirit products, said the company will grow its spirits product group over the next five years by exploring opportunities in foreign markets. The company set a total investment budget of 18 billion baht for this fiscal year, from Oct 1, 2024 to Sept 30, 2025, for all products, including food, alcohol and non-alcoholic beverage (NAB). Of the total, the company will invest 2.5 billion baht in Cambodia, he said.
Kosit Suksingha, executive vice-president in charge of NAB and chief of digital and technology, said the company will invest in the AgriValley project in Malaysia with a total budget of 8 billion baht. The project aims to raise 20,000 cows in an area covering 2,726 hectares.
"The project in Malaysia will be an integrated
...More info on site
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Vietnam: Heineken urges Vietnam to reconsider excise tax
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Vietnam should reconsider raising the excise tax on alcoholic drinks, including making a timeline for gradual implementation and different tax rates for different products, says Heineken Vietnam managing director Wietse Mutters, The Investor reported on October 3.
Wietse Mutters, who became head of Heineken Vietnam in August, made the suggestion at a Tuesday meeting with Ho Chi Minh City Chairman Phan Van Mai. The executive also called on HCMC authorities to help Heineken deliver the recommendations to higher authorities.
Backing the suggestions, Mai said he would discuss the issues with ministries and committees of the National Assembly. He also urged Heineken Vietnam to further help HCMC’s green economic growth plan, towards carbon neutrality.
Mutters noted that renewable energy now accounts for 99% of the Heineken plants’ activities in Vietnam, and Heineken Vietnam has reduced carbon emissions by 93% versus 2018, towards neutrality in 2030.
Mutters also highlighted Heineken’s economic contributions to Vietnam, including investments exceeding €1 billion, being the largest Dutch investor in Vietnam to date.
Heineken has so far created over 172,500 jobs and accounted for nearly 0.5% of Vietnam’s GDP. In 2024, Heineken Vietnam is expected to contribute VND12 trillion ($485.8 million) to HCMC’s budget.
The National Assembly, Vietnam’s highest legislative body, is set
...More info on site
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Russia: Export duty on barley, wheat to increase next week
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The export duty on Russian wheat will rise 6.6% to 1,328.3 rubles per tonne in the week starting October 9 from 1,246 rubles per tonne during the previous duty period, the Agriculture Ministry said on October 4.
The duty on barley will increase to 229.5 rubles per tonne from 190.8 the previous week, while the duty on corn will decline 3.2% to 2,696.7 rubles per tonne from 2,786.2 rubles per tonne.
Duty rates are based on indicative prices of $213.40 per tonne for wheat against $213.40 per tonne in the previous period, $184 per tonne for barley versus $185 per tonne, and $222.30 per tonne for corn against $225 per tonne.
The duties are valid until October 15, inclusive.
Russia introduced a grain damper mechanism on June 2, 2021, which stipulates floating duties on the export of wheat, corn and barley and the return of funds received from them to subsidize agricultural producers. The duties are calculated weekly from indicators based on the prices of export contracts registered on the Moscow Exchange . Duty rates were calculated in dollars initially and in rubles since July 2022. The duty is 70% of the difference between reference and indicative prices.
The Agriculture Ministry on June 1, 2023,
...More info on site
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