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E-Malt.com Newsletter 42b
October 17 - October 20, 2024
Quote of the Week
Many battles have been fought and won by soldiers nourished on beer.
Frederick the Great
Currency Rates
Base Currency: US Dollar
on October 18, 2024 |
Base Currency: Canadian Dollar
on October 18, 2024 |
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1 USD = 0.9221 EUR
1 USD = 0.7692 GBP
1 USD = 1.3779 CAD
1 USD = 1.4941 AUD
1 USD = 149.8240 JPY
1 USD = 5.6666 BRL
1 USD = 97.3510 RUB
1 USD = 7.1216 CNY
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1 CAD = 0.7256 USD
1 CAD = 0.5582 GBP
1 CAD = 0.6691 EUR
1 CAD = 1.0842 AUD
1 CAD = 108.7180 JPY
1 CAD = 4.1119 BRL
1 CAD = 70.6413 RUB
1 CAD = 5.1677 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, ME: Floor malting Blue Ox Malthouse celebrates grand opening of expanded facility
...Click here
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USA, SC: Steel Hands Vista Distilling and Brewing now open in Columbia
...Click here
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Canada: Canada upping its investment in cereal sector
...Click here
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USA, NJ: Invertase Brewing Company to open second location in Lambertville
...Click here
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USA, PA: Cellar Works Brewing Company to shut down for good at the end of the month
...Click here
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USA, VA: Dancing Kilt Brewery to cease operations this weekend
...Click here
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USA, NY: Stout Beard Brewing Company to close its doors for good on November 24
...Click here
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World: Heineken announces 'groundbreaking model' that could save beer from uncertain future
...Click here
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France: France remains on alert as heavy rains flood homes and crops
...Click here
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Kenya: Heineken to pay Kenyan distributor Sh 1.7b after Supreme Court loss
...Click here
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Japan: Low-alcohol drinks gaining ground in Japanese market
...Click here
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South Africa: Women turn the tide in South Africa’s beer industry
...Click here
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Australia: Western Australia lifts estimate for grains harvest
...Click here
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Graph of the Week
Table of the Week
UK Malt Exports 2020-2023
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
17 October
1929 - Radio Corporation of America is formed by General Electric Co. lawyer Owen D. Young
1977 - Mother Teresa of India awarded Nobel Peace Prize
1987 - Phillip Morris announces $11 billion tender offer for Kraft
18 October
1878 - Edison makes electricity available for household usage
1954 - Texas Instruments announces the first Transistor radio
1972 - American Congress authorizes bi-centennial quarter, half-dollar & dollar coin
1973 - Nobel Prize for economy awarded to Wassily Leontief
19 October
1819 - Joseph C Juglar is born, French physician/economist, Crises Commerciales
1987 - Wall Street takes its worst plunge of the modern era, as the Dow loses 508 points, or 22.6% (the worst daily loss on record), to close at 1738.74
1988 - Friedrich Weinreb, Polish/Neth theologist/economist, dies at 77
20 October
1928 - magnate/multi-millionaire Ken Morrison was born, executive chairman of the Wm Morrison Supermarkets plc, the fourth largest chain of supermarkets in the United Kingdom
1973 - OPEC oil embargo begins
1983 - IBM-PC DOS Version 2.1 released
Agenda
October 2024:
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)
12 - 15: Great British Beer Festival Winter 2025 (Magna Science Adventure Centre, Rotherham, UK)
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)
June 2025:
10 - 11: IGC Grains Conference 2025 (116 Pall Mall, London, UK)
16 - 18: VLB Africa Brewing Conference 2025 (Maputo, Mosambique)
20 - 22: Mondial de la Biere 2025 (Montreal, Canada)
August 2025:
05 - 09: Great British Beer Festival 2025 (Birmingham, UK)
07 - 09: VIETFOOD & BEVERAGE - PROPACK VIETNAM 2025 (Saigon Exhibitions and Conventions Center, 799 Nguyen Van Linh Street, District 7, HoChiMinh City, Vietnam)
September 2025:
15 - 19: Drinktec 2025 (Munich, Germany)
News Articles
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USA: Barley growers calling for new farm bill
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As lawmakers decide on emergency support payments, America’s barley growers are asking for a more permanent solution, RFD-TV reported on October 16.
They are calling for Congress to pass a new five-year Farm Bill. Many are holding out hope that one can pass during the lame-duck session. The Idaho Barley Commission says a lack of a Farm Bill means uncertainty and less money for America’s producers.
Despite the challenges, barley growers say they will bounce back.
“Farmers are the most resilient people on the planet. They farm because they love the lifestyle, and they love growing crops and food to feed the world and provide beverages. It’s in their DNA, and they love what they do. They don’t want to stop farming,” said Laura Wilder.
It has been a rough year for barley growers. Beer consumption in the United States hit 50-year lows because more consumers are putting down beer steins in favor of malt beverages like seltzers. U.S. malt barley prices were $7 per bushel last year.
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USA, ME: Floor malting Blue Ox Malthouse celebrates grand opening of expanded facility
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Last week, Blue Ox Malthouse celebrated the grand opening of its expanded facility, now the largest of its kind in the world outside of Europe, Morning AgClips reported on October 18.
At 20,000 square feet with quadrupled floor malting capacity, Blue Ox Malthouse is an entirely floor malting-dedicated company that produces malted grains for the Northeast’s brewing, distilling, and baking industries since its start in 2013. This expansion significantly bolsters the region’s grain economy— creating jobs, investing into family farms across Maine and the Northeast, and adding value to products made with Blue Ox malt. It also augments Blue Ox’s ability to create more malt made with a diversity of grains (such as barley, wheat, rye, triticale, and oats), as well as organic, smoked, custom, and soon roasted products, for craft breweries and distilleries across the region and beyond.
Commissioner Amanda Beal of the Maine Department of Agriculture, Conservation and Forestry was among the speakers at the event. She commended the expansion in her remarks, stating, “This development creates an opportunity for the growth of our grain sector, offering farmers access to new markets while also benefiting from working with grains as rotational and cover crops to enhance soil health. Additionally, this
...More info on site
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USA, SC: Steel Hands Vista Distilling and Brewing now open in Columbia
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A brewery that has made a name for itself in the Midlands in recent years has opened a new concept in one of Columbia’s busiest districts, The State reported on October 18.
Steel Hands Vista Distilling and Brewing is now open at 705-A Gervais St. in the Vista district. The new location has shared numerous messages on social media recently announcing the opening. The new Steel Hands is located in the space that formerly was home to Twisted Spur Brewing.
Steel Hands opened its first Midlands brewery and taproom in 2018 on Foreman Street in Cayce, just east of 12th Street Extension. Then, in 2022, it opened a location in Greensboro, N.C., on West Gate City Boulevard.
The new Steel Hands on Gervais Street is touting its various distilled spirits, including hand-crafted gin and vodka, as well as a pecan-flavored rye whiskey. The distillery and brewery has also touted a food menu including Spanish stuffed peppers, pecan rye bacon Brussels sprouts, Cajun crawfish poppers, oven-roasted chicken thighs, hanger steaks, lemon garlic shrimp cocktails and more.
The spot at 705-A Gervais St. is in the heart of the Vista entertainment and hospitality district. Other nearby businesses include City Grit restaurant and culinary store,
...More info on site
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Canada: Canada upping its investment in cereal sector
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Canada is upping its investment in cereals to boost the sector’s competitiveness and sustainability as well as drive innovation to develop new food products, World Grain reported on October 17.
Nonprofit industry association Cereals Canada said it has received C$7.3 million ($5.3 million) in funding for research, innovation and market support from the AgriMarketing Program and the AgriScience Program/Projects Component initiatives under the Sustainable Canadian Agricultural Partnership (Sustainable CAP).
Meanwhile, Protein Industries Canada — one of Canada’s Global Innovation Clusters — said it has begun accepting expressions of interest for new technology projects focused on blending pulse and cereal crops to create the “next generation” of high-protein, plant-based ingredients and food offerings. The planned C$10 million ($7.26 million) investment also seeks projects focused only on cereals, primarily wheat or barley.
Nearly C$6.7 million of the funds for Winnipeg-based Cereals Canada will come through the Sustainable CAP’s AgriMarketing Program to increase market access, improve customer support and expand exports via efforts such as technical exchanges, market research and knowledge-sharing. The association, which represents Canada’s cereal grains value chain, said that sharing insights on the performance, functionality and marketability of Canadian cereals with customers, producers and partners will spur market growth.
“Our cereal farmers are a
...More info on site
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USA, NJ: Invertase Brewing Company to open second location in Lambertville
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A popular Phillipsburg brewery has announced plans to open a second location in the City of Lambertville next spring, New Hope Free Press reported on October 17.
Invertase Brewing Company recently marked its fifth year anniversary and announced its expansion to the riverfront city.
According to a Facebook post by the family-owned business, Invertase Brewing Company will be opening at 80 Lambert Lane in 2025.
The space once housed River Horse Brewing Company, which moved from Lambertville to Ewing in 2013.
“A huge thank you to all of our amazing customers, we couldn’t have done this without all of you,” Invertase Brewing Company posted.
A story from TapIntoPhillipsburg, a local news site, said the Lambertville location will feature live music, trivia events, and large gatherings in the style of ones that take place at the Phillipsburg location.
Invertase Brewing Company would join Triumph Brewing Company and Great Barn Brewing Company in New Hope Borough.
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USA, PA: Cellar Works Brewing Company to shut down for good at the end of the month
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A brewery in Sarver will be closing, ButlerRadio.com reported on October 17.
Cellar Works Brewing Company announced that they will be shutting down at the end of the month.
In a social media post, the brewery said they have been struggling with operations since the pandemic.
They thanked customers and promised a party for their loyal patrons.
The brewery is located on Route 356, near the intersection with Route 228.
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USA, VA: Dancing Kilt Brewery to cease operations this weekend
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Dancing Kilt Brewery at 12912 Old Stage Road in Chester will cease operations this weekend, Richmondbizense.com reported on October 18.
The brainchild of longtime homebrewer Thomas Pakurar Jr., Dancing Kilt debuted amid the pandemic in 2020 and added a wine spinoff a year later. It’s located in a strip center near the Old Hundred Road-Interstate 95 interchange, and Pakurar said in its four years in business, Dancing Kilt drew a strong crowd of regulars.
“We were building community. We didn’t have TVs so people came in and started talking to one another,” Pakurar said. “My staff was supposed to call everybody by name so that when they came in, it made them comfortable. People got to know each other.”
Pakurar said 2024 started strong for Dancing Kilt, with its best-ever first quarter of sales. In the second quarter, things were going well enough for him to expand operations to include a kitchen to serve a menu that included German staples like schnitzel and Bavarian pretzels.
But things have since taken a turn and Pakurar said he thinks broader economic headwinds led to a change in consumer habits.
“Customers don’t have money to spend because inflation’s eaten into their pockets and they
...More info on site
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USA, NY: Stout Beard Brewing Company to close its doors for good on November 24
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Stout Beard Brewing Company in Liverpool announced that it will be closing its doors in November, CNY Central reported on October 18.
The small-batch local brewery shared a post on its Facebook page late Thursday night, thanking customers for “getting weird” with them.
"Well, ladies and germs, it's been a pleasure partying with you. After ten years, we'll be closing on November 24th. Thanks for getting weird with us," the company posted on Facebook.
Stout Beard has operated in the Syracuse area for ten years, and has been a popular location for music acts, open mics, and comedy nights. The brewery has multiple events planned in the weeks leading up to its closure.
Stout Beard Brewing Company will close on November 24th.
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World: Heineken announces 'groundbreaking model' that could save beer from uncertain future
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Beer lovers who have been paying attention to agricultural forecasting are worried about the future of beer — and rightly so, Yahoo Finance reported on October 17.
Experts are predicting that droughts and skyrocketing temperatures due to human-generated pollution could diminish the output of barley, a key ingredient of beer, significantly — so much so that the beer supply in the United States alone could fall by 20% by the end of the century, per World Wildlife Fund.
Fortunately, beer brand and industry giant Heineken is charting a course to avoid that outcome, setting an example of responsible production for its fellow beer makers. News site Edie reported that Heineken recently received its first harvest of barley produced on land "where regenerative agricultural practices have been adopted at scale."
Through working with a French farming and food processing cooperative, Vivescia, Heineken has introduced a program for its supplying farms that helps them to adopt sustainable farming methods around biodiversity, water use, climate resilience, soil health, and more. This will allow them to continue to grow in a responsible way while also contributing far less — and eventually, not at all — to the pollution that is causing global temperatures to rise.
The goal is
...More info on site
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France: France remains on alert as heavy rains flood homes and crops
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France remains on alert for heavy rain and flooding in the southwest while the north gets a slight reprieve from the intense precipitation that has thrown life out of gear and disrupted crop harvesting and planting, BNN Bloomberg reported on October 18.
Météo-France has declared an orange alert for the southwest region through Friday, October 18th afternoon, with some areas set to be lashed by as much as 100 millimeters (3.9 inches) of rain brought on by the remnants of Storm Leslie in the Atlantic.
As climate change brings more intense rainfall across the world, disruptive storms will become 50% more frequent in central Europe and drop 5% more rain if warming reaches 2C, according to a recent study. With the continent warming faster than other parts of the world, tackling adaptation is likely to become costlier.
“To adapt to climate change and to fight against greenhouse gas, we’re not there yet in terms of budget,” French Energy and Environment Minister Agnes Pannier-Runacher told lawmakers Friday as they started work on next year’s budget. She called for more government funds to finance cleaner heating projects and adaptation programs.
Over the last few days parts of France have witnessed the heaviest rainfall in
...More info on site
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Kenya: Heineken to pay Kenyan distributor Sh 1.7b after Supreme Court loss
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The Supreme Court has dealt Dutch beer maker a major blow after throwing out its case challenging Sh1.7 billion award to a Kenya distributor, The Standard reported on October 18.
A five judge bench composed of Chief Justice Martha Koome, her deputy Philomena Mwilu, and Justices Mohammed Ibrahim, Smokin Wanjala and Njoki Ndung’u unanimously agreed that the apex court had no powers to entertain Heineken Limited’s case against Maxam Limited.
According to them, there was no constitutional issue to interpret in the case as it was clear that Heineken had breached its contract with Maxam.
They agreed with Maxam’s lawyer Phillip Nyachoti that although the case surrounded a breach of rights to distribute Heineken’s products in the country, it was purely a commercial one.
The bench headed by Justice Koome struck out Heineken’s case and ordered that it should be refunded Sh6000 which it had deposited as security.
“It is clear that whereas there was mention of constitutional provisions by the High Court and the Court of Appeal, the material question before the two superior courts was on the validity of the termination notice issued to the second respondent. In arriving at its final orders, the two courts examined the Distribution Agreement, in
...More info on site
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Japan: Low-alcohol drinks gaining ground in Japanese market
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Low-alcohol drinks are gaining ground in the Japanese market, with makers increasingly targeting those who usually steer clear of alcohol, The Japan Times reported on October 17.
Amid increasing concern about the health impact of high alcohol consumption, beverage makers are developing low-alcohol products and introducing spaces where consumers can enjoy such drinks casually.
According to research company Intage, drinks with a high alcohol content of 8% to 9% sold well among those who wanted to get drunk quickly and led the overall alcoholic drinks market.
But the segment incurred a sales drop for the third consecutive year from 2021. In February this year, the health ministry issued its first guidelines calling for moderate drinking, dealing an additional blow to such drinks.
Seeing a business opportunity for low-alcohol beverages, companies are now rushing to expand their product lineup.
The definition of low-alcohol drinks varies depending on the maker. But for beer and chūhai drinks containing spirits and soda, products with an alcohol content of 4% or less are generally considered low-alcohol drinks.
Tokyo-based Kirin Brewery launched the "Hanayoi" canned chūhai with an alcohol content of 3% in September.
Younger people who do not drink alcohol regularly "tend to favor chūhai, which has a wider variety of flavors
...More info on site
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South Africa: Women turn the tide in South Africa’s beer industry
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The entrenched image of beer drinking is of a group of rowdy men in a bar, probably watching soccer or rugby on the TV. Yet a change as simple as pouring beer into a wine glass rather than a tankard will help to transform it into an elegant drink that appeals to women in a social environment, Bizcommunity reported on October 18.
The Craft Beer Association South Africa (CBASA), which falls under the Beer Association of South Africa (BASA), is helping to combat the sexual stereotyping around beer drinking and craft brewing. This is just one of BASA’s goals: its vision is to promote responsible alcohol consumption, and help to grow the industry to benefit everyone, within a supportive regulatory regime.
BASA CEO, Charlene Louw says beer is part of South African culture.
“Beer drinking is not only a social activity that brings people together. It also underpins a substantial economic activity that creates jobs and develops skills. We would like to see women as full participants in the benefits that the industry can bring.”
Wendy Pienaar and Megan Gemmell run their own craft breweries. Pienaar is the co-founder of Just Brewing Co in Benoni, Gauteng and Gemmell is the founder of Clockwork Brewhouse
...More info on site
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Australia: Western Australia lifts estimate for grains harvest
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Western Australia is expected to produce 17.75 million tonnes (Mt) of winter crop from the harvest now under way, according to the Grain Industry Association of WA monthly report released on October 18.
This figure is up from 16.86Mt seen by GIWA in its September report, and report author Michael Lamond said that the WA crop now being in the 17M-18Mt range is a remarkable result given a season characterised by very low rainfall, with the notable exception of the Geraldton region.
“Grain production out of the Geraldton port zone will become clearer at the start of harvest as the divergence between the excellent crops in the low-rainfall east and the poorer crops in the normally higher-rainfall west is large and difficult to estimate at the moment,” Mr Lamond said.
WA’s growing season is quickly coming to a close, and Mr Lamond said the finish has been too quick for many.
“While rain in early October has helped later-maturing wheat and canola crops, the rain arrived too late for most.
“Disappointingly, grain yields will not reach the potential that was expected earlier in the spring, but this is not the case for all growers, as there are some excellent areas interspersed amongst the poorer
...More info on site
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