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E-Malt.com Newsletter 43a
October 21 - October 23, 2024
Quote of the Week
Study nature, love nature, stay close to nature. It will never fail you.
Frank Lloyd Wright
Currency Rates
Base Currency: US Dollar
on October 23, 2024 |
Base Currency: Canadian Dollar
on October 23, 2024 |
| |
1 USD = 0.9247 EUR
1 USD = 0.7701 GBP
1 USD = 1.3826 CAD
1 USD = 1.4967 AUD
1 USD = 150.9140 JPY
1 USD = 5.6910 BRL
1 USD = 96.3412 RUB
1 USD = 7.1209 CNY
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1 CAD = 0.7232 USD
1 CAD = 0.5569 GBP
1 CAD = 0.6688 EUR
1 CAD = 1.0824 AUD
1 CAD = 109.1410 JPY
1 CAD = 4.1157 BRL
1 CAD = 69.6737 RUB
1 CAD = 5.1498 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Drop in craft beer sales could mean the sector is simply maturing, experts say
...Click here
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Canada: 2023-24 barley supply was 8% down year-over-year
...Click here
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USA, MO: AB InBev invests in enhancing ist St. Louis brewery
...Click here
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USA, CO: Molson Coors completes Golden brewery expansion
...Click here
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Canada, ON: Ontario craft brewers urge government to speed up review of alcohol taxes
...Click here
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USA, WI: Voodoo Brewing prepares to open in downtown Delafield
...Click here
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USA, IL: Homewood Brewing Company holds its grand opening in Homewood
...Click here
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USA, WI: New Glarus Brewing Co. to build $55 mln addition at its headquarters
...Click here
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USA, IA: Kalona Brewing Company ending operations after a 12-year run
...Click here
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World: Heineken reports worse-than-expected Q3 beer volumes due to declines in Americas and Asia-Pacific
...Click here
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Russia & Ukraine: AB InBev to buy Anadolu Efes’s Ukraine business in exchange for Russian stake
...Click here
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EU: Finland charges highest beer tax in the EU, report says
...Click here
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France: Number of breweries reaches 2,954 this year
...Click here
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UK: First-half Scotch whisky export down 18% in value terms
...Click here
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Vietnam: Carlsberg Vietnam aims for net zero carbon emissions in production by 2028
...Click here
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Australia: Australian Grain Technologies releases two new barley varieties
...Click here
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UK: Asahi slashes alcohol content of Grolsch Premium Pilsner
...Click here
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Morocco: Government looking to increase revenue from taxes on alcohol and cigarettes this year
...Click here
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Graph of the Week
Table of the Week
Italy Beer Market 1999 - 2023
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
21 October
1492 - Columbus discovers America (Oct 12, 1492 Julian calendar)
1879 - Thomas Edison perfects carbonized cotton filament light bulb
1987 - Nobel prize for economy awarded to Robert M. Solow
22 October
1897 - World's 1st car dealer opens in London
1979 - Walt Disney World's 100-millionth guest
1997 - Yahoo completes purchase of Four11
23 October
1814 - 1st plastic surgery is performed (England)
1824 - 1st steam locomotive is introduced
1989 - Bankruptcy of Wartsila Marine; the biggest bankruptcy in the Nordic countries until then
Agenda
October 2024:
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: Drop in craft beer sales could mean the sector is simply maturing, experts say
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Beer sales have been less than desirable as of late, to put it mildly. The U.S. beer industry’s volume consumption decreased 4.4% in 2023
...More info on site
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Canada: 2023-24 barley supply was 8% down year-over-year
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For 2023-24, total Canadian barley supply was 9.7 million tonnes (Mt), down 8% year-over-year (y/y) and 5% below the previous five-year average, Agriculture and
...More info on site
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USA, MO: AB InBev invests in enhancing ist St. Louis brewery
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AB InBev has made a brand new US$8 million investment into enhancing its Anheuser-Busch St. Louis brewery, The Drinks Business reported on October 23.
The investment is, according to local reports, in addition to the business already having spent nearly US$2 billion on its US-based facilities over the last five years.
Speaking about the spend, Anheuser-Busch CEO Brendan Whitworth said: “Our continued investments in our St. Louis brewery benefit not only our local team, but also our hometown, which continues to be a core part of our identity after more than 165 years.”
Whitworth explained: “This brewery is as iconic as the beer we brew, and these investments help ensure that we not only have the infrastructure but also the people and talent to build on our legacy for generations to come.”
Since 2019, AB InBev has reportedly invested more than US$165 million in its St. Louis campus alone, including renovating and reopening its Technical Excellence Center.
Since its reopening, AB InBev has claimed that the Technical Excellence Center has served 1,500 workers from its various facilities across the US.
AB InBev has additionally committed nearly US$1 million this year to help drive economic impact across the broader St. Louis community, as well as investing in
...More info on site
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USA, CO: Molson Coors completes Golden brewery expansion
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Molson Coors has completed its 200,000-square-foot brewery expansion in Golden, Colorado. The company stated that this will help reduce carbon emissions and save costs in the long term, Food Dive reported on October 21.
The owner of Coors Banquet and Blue Moon said in a blog post last week its modernization efforts included replacing horizontal fermentation machinery with over a hundred vertical tanks, along with 45 miles of piping and 150 miles of wire.
Molson Coors said the facility will require 25% less energy, capture 30% more carbon than it did previously and save 80 million gallons of water each year.
Peter J. Coors, a fifth generation member of the Coors family, led construction on the project, and said in a statement that testing on its beer brands thus far has been positive.
“I’m proud to say our sensory team has not been able to tell any difference between the Coors Light made with the previous equipment and the new equipment, which is exactly what we wanted,” Coors said. “This is a significant financial investment that really sets Golden up for the next 150 years.”
The business first broke ground on the brewery expansion in the fall of 2020. Tracey Joubert, the company’s chief financial
...More info on site
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USA, TX: Granger City Brewing now open in Granger
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A revitalized Granger City Brewing is now open at 109 W. Davilla St. in Granger, Taylor Press reported on October 19.
The city held a ribbon cutting just before the brewery and restaurant began serving patrons at 11 a.m. Friday, Oct. 18.
In March, owners Natalie and Todd Coporon bought the space that used to house the original Granger City Brewing Co., which closed in July 2021.
“We’ve been waiting for this for a long time, so be prepared to be very busy,” Mayor Monica Stojanik said to the couple at the ceremony.
Natalie Coporon thanked the community for helping the pair get the business off the ground.
“We appreciate all the support, goodwill and help,” she said to a gathering filled with family, friends and supporters. “Lots of people have stopped by to offer help. You talk about a community that comes together, you know, not just in a crisis, but in something that’s gonna help everybody.”
Her thanks included Sawyer Griffis, a teen involved in a traffic accident on a call answered by Todd Coporon, who is a volunteer firefighter. Griffis was stuck between a trailer and a gate.
Griffis, who quickly recovered from his injuries, came to the brewery’s grand opening with his family
...More info on site
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Canada, ON: Ontario craft brewers urge government to speed up review of alcohol taxes
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Ontario craft brewers say the province needs to speed up its review of alcohol taxes, fearing small breweries will be forced to shut down because of them and be unable to grow amid an expanded retail market, CBC reported on October 19.
Breweries have been holding out hope that some financial relief would be around the corner, but many who make craft beer say they're struggling to stay afloat, noting Ontario pays sky-high taxes to operate craft breweries.
"In comparison, a brewery the same size as Steam Whistle in Quebec pays a little more than $4 million less in tax every year," said Greg Taylor, co-founder of Steam Whistle Brewing.
"It would be great for us to be able to have lower tax costs so that we can invest and produce more jobs in Ontario and provide better services to the new retailers that are just opening up."
The province began its review last year after the organization, Ontario Craft Brewers, launched a campaign highlighting that the province has the highest craft beer taxes in Canada. Local breweries say the longer they operate without any kind of tax reform, the more of these breweries will be at risk of shutting their doors. Now,
...More info on site
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USA, WI: Voodoo Brewing prepares to open in downtown Delafield
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Bryan Ronning is eager to bring Voodoo Brewing to downtown Delafield, but residents will have to wait a few more months before they can drink a cold glass of Good Vibes (a West Coast sweet IPA) or Thunder Lizard (an Imperial IPA), GMToday.com reported on October 19.
Voodoo Brewing will be one of the commercial occupants of The Grain, a mass timber, four-story building at 705 Genesee St. Ronning said the finishing is being done on the space. He hopes to have Voodoo Brewing open in early 2025.
Founded in 2005 in Meadville, Pennsylvania, Voodoo Brewing Co. has since expanded to have locations around the U.S. This will be the first in Wisconsin. The beer will continue to be brewed in Pennsylvania.
Ronning, who is opening the Delafield location with his parents, Bruce and Donna Ronning, said Voodoo Brewing will offer “beer and food that is just a cut above.”
The initial interior setup will include larger tables for community seating. Ronning said he wants people to come in, hang out and meet the person next to them. Customers will order from the bar or use a QR code to order and a table runner will bring it to them. However, Ronning said his
...More info on site
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USA, IL: Homewood Brewing Company holds its grand opening in Homewood
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The Homewood Brewing Company held its grand opening in Homewood on
Friday, October 18, honoring the memory of rapper Jarad "Juice WRLD" Higgins, AOL.com reported.
His mother, Carmela Wallace, hosted the ribbon-cutting ceremony, and Homewood Mayor Richard Hofeld cut the ribbon.
The brewery was founded in Higgins' honor, with a focus on addressing mental health and substance dependency.
A percentage of proceeds from an always-on-tap benefit beer will go to Live Free 999, the charity founded in his memory.
The Homewood-Flossmoor Viking Marching Band also took part in the festivities.
Higgins’ brother, Brian Wallace, is leading the brewing efforts, while Head Chef Robert Lauderdale oversees the kitchen.
The menu features dishes inspired by Higgins' aunt's Creole cooking, which he grew up eating.
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USA, WI: New Glarus Brewing Co. to build $55 mln addition at its headquarters
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New Glarus Brewing Co., a craft brewery known for such beers as Spotted Cow and Moon Man Pale Ale, will break ground this month on a $55 million addition at its headquarters, BizTimes reported on October 22.
The 65,000-square-foot expansion will take place at the company’s Hilltop Facility, located at 2400 Highway 69 in New Glarus, a village in Green County. It will include space for brewing, distilling, offices, retail and a beer depot, according to documents submitted to the village of New Glarus.
“The New Glarus Brewing Company is a destination for many, known for its world class beer in a beautiful and fully operational brewery. We receive thousands of visitors, but our current paved visitor parking holds 53 stalls. This has created congestion on our site and has forced us to be closed on the weekends,” according to submitted documents. “Our sites hilly terranean creates a plateau, making parking expansion tricky. We therefore have created a design connecting our facility to the flat area at the base of the hill for parking. The new design steps down the side of the hill and will pass through our existing parking lot.”
The brewery expansion will also include several sustainability efforts like grass
...More info on site
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USA, IA: Kalona Brewing Company ending operations after a 12-year run
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A beloved craft brewery is ending its brewing operations after a 12-year run in eastern Iowa, the Iowa City Press-Citizen reported on October 22.
Ted and Becky Nagy, the owners of Kalona Brewing Company based in Kalona, announced the closing in a detailed Facebook post on Oct. 17.
"It is with great sadness that we announce the closure of our business, the Kalona Brewery, as of Nov. 1, 2024," they announced on Facebook.
Kalona Brewing's last day of operation will be on Halloween, Thursday, Oct. 31.
Kalona Brewing Company opened in downtown Kalona in 2012.
The brewery pours craft beer made in-house and serves menu items from its largely made-from-scratch kitchen, which features wood-fired pizzas, burgers, and sandwiches. The company often sources its food from local farms, primarily in Kalona, like Kalona Creamery and Kalona Organic Greens.
The brewery cited the COVID-19 lockdown and the ensuing pandemic as a reason for shuttering. The owners did hint at possibly partnering with other entities in the future.
"We are grateful for the support from the community and our wonderful staff over the years. Unfortunately, we have been unable to recover financially from the impact of the COVID-19 pandemic," the post read. "We are currently exploring other business opportunities, including
...More info on site
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World: Heineken reports worse-than-expected Q3 beer volumes due to declines in Americas and Asia-Pacific
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Heineken reported worse-than-expected beer volumes due to declines in the Americas and Asia-Pacific as consumers failed to ramp up spending, Yahoo Finance reported.
The Dutch
...More info on site
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Russia & Ukraine: AB InBev to buy Anadolu Efes’s Ukraine business in exchange for Russian stake
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Anheuser-Busch InBev has drawn up a new arrangement with its joint-venture partner in Russia to expedite its formal departure from the country’s beer market.
Just
...More info on site
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EU: Finland charges highest beer tax in the EU, report says
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The EU requires member states to levy a minimum excise duty on beer but the majority of countries actually charge more, Euronews reported on
...More info on site
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Australia: Barley harvest forecast to decline 5%
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Australia is looking towards harvesting a “marginally larger” winter crop this season, despite significant weather challenges experienced in a number of key grain-growing regions
...More info on site
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France: Number of breweries reaches 2,954 this year
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In accordance with France’s National Federation of Brewing Associations (FNABRa), as of June 30th there were 2,954 active breweries in the nation, Rayon Boissons
...More info on site
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UK: First-half Scotch whisky export down 18% in value terms
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Last month the Scotch Whisky Association called on the new UK government to take action to “back Scotch producers to the hilt”, and not
...More info on site
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Vietnam: Carlsberg Vietnam aims for net zero carbon emissions in production by 2028
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Andrew Khan, managing director of Carlsberg Vietnam, has reiterated the brewer’s commitment to sustainable development at the Nordic Day - the Green Economy Forum & Exhibition (GEFE) 2024 in Ho Chi Minh City, with a pledge to achieve net zero carbon emissions in production by 2028, The Investor reported on October 23.
The event, from October 21-23, brought together stakeholders from businesses, governments, and NGOs across Europe and Vietnam to discuss sustainable growth strategies for Vietnam’s economy.
During the Nordic Day within the GEFE: Getting to Green session, discussions focused on collaborative efforts between Nordic countries and Vietnam to tackle climate change and its societal impacts.
One of the four sessions, titled “We Are What We Eat – Food Systems for a Greener and Healthier Tomorrow,” featured industry experts, including Andrew Khan - managing director of Carlsberg Vietnam, who emphasized Carlsberg Vietnam’s proactive steps to minimize its environmental impact and its commitment to sustainability.
As stated by Andrew, sustainability is not just a corporate responsibility but an essential part of how Carlsberg operates, both locally and globally.
In 2022, Carlsberg Group launched the Together Towards ZERO and Beyond (TTZAB) initiative, aimed at reducing carbon emissions and improving sustainability at its breweries and across the entire
...More info on site
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Australia: Australian Grain Technologies releases two new barley varieties
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Australian Grain Technologies has announced the release of two new barley varieties and five new wheat varieties in time for the 2025-26 season, Grain Central reported on October 21.
“This spring we have released our very first Clearfield barley variety, called Bigfoot CL, and are proud to launch our first udon noodle-quality wheat variety called Rottnest,” AGT head of variety support and marketing Dan Vater said.
“Bigfoot CL is closely related to the varieties that offer good early vigour such as Compass and Commodus CL; however, Bigfoot CL has reduced overall height and we have observed less lodging than other Compass-style varieties”.
“Bigfoot CL has impressed with its yield potential, particularly in low to medium-rainfall environments, and has very good physical grain quality.”
AGT is also releasing its second CoAXium barley, PegasusAX.
“PegasusAX is a great complement to its stablemate Titan AX, being closely related to the Hindmarsh-style varieties like LaTrobe and Spartacus CL, and therefore offering a shorter, more compact plant type than Titan AX, and less prone to lodging.
“The CoAXium system is starting to gain traction out there with growers who are looking for another option for controlling grass weeds in crop.”
“By using Aggressor herbicide rather than products suited to the Clearfield system,
...More info on site
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UK: Asahi slashes alcohol content of Grolsch Premium Pilsner
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Grolsch Premium Pilsner has had its alcohol content slashed to 3.4% alcohol by volume (abv) in the UK amid shrinking sales and discounted tax rules on weaker brews, ITV.com reported on October 21.
The pilsner beer, which is sold with a 5% abv in Europe, had already been relaunched by Asahi in the UK with a abv of 4% in 2020.
Now, amid a further fall in demand, bosses at Asahi have again slashed the alcohol content carried by the beer.
The decision will reportedly save Asahi UK 23p in excise duty per 440ml can of Grolsch sold.
Speaking to The Grocer, Asahi said it had "learnt a lot" about "consumer preferences and evolving consumption trends," and that the brewer is "confident this still delivers an excellent premium beer that will appeal to a broad range of consumers."
An Asahi spokeswoman said: “Following much analysis, we decided to reformulate Grolsch to a new abv of 3.4%, which went into market earlier this year.
“As with many companies operating complex supply chains, we have experienced an extremely challenging economic climate over recent years.
"While we have seen relief from some of the energy and raw material highs of recent years, inflation remains high across the markets where we
...More info on site
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Morocco: Government looking to increase revenue from taxes on alcohol and cigarettes this year
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The Moroccan government is banking on revenue taxes on alcohol and cigarettes to surpass MAD 16.4 billion ($1.58 billion), based on data from the 2025 Finance Bill, Morocco World News reported on October 21.
This year’s finance bill introduces measures to increase tax revenue aimed at supporting economic growth, including domestic taxes on alcohol, beer, and tobacco consumption.
The bill is projected to rise 14.49% in tax revenue, totaling MAD 657.8 billion (approximately $63.47 billion). This includes expected revenues of MAD 1.19 billion ($114.91 million) from alcohol, MAD 1.55 billion ($149.76 million) from beer, and MAD 13.7 billion ($1.32 billion) from cigarettes.
A similar strategy was applied in the 2024 Finance Bill, where higher taxes on alcoholic beverages were proposed to address fiscal deficits and growing demands on public resources.
The 2025 Finance Bill also anticipates revenue from taxes on other domestic products, with MAD 854 million ($82.42 million) expected from soda and soft drinks, MAD 60.5 million ($5.84 million) from sugary products, and MAD 19.56 billion ($1.89 billion) from energy products.
At a Council of Ministers meeting on Friday at the Royal Palace in Rabat, chaired by King Mohammed VI, key elements of the 2025 Finance Bill were discussed.
Minister of Economy
...More info on site
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