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E-Malt.com Newsletter 44a
October 28 - October 30, 2024
Quote of the Week
I can accept failure, everyone fails at something. But I can't accept not trying.
Michael Jordan
Currency Rates
Base Currency: US Dollar
on October 30, 2024 |
Base Currency: Canadian Dollar
on October 30, 2024 |
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1 USD = 0.9251 EUR
1 USD = 0.7700 GBP
1 USD = 1.3900 CAD
1 USD = 1.5232 AUD
1 USD = 153.2940 JPY
1 USD = 5.7258 BRL
1 USD = 97.3834 RUB
1 USD = 7.1335 CNY
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1 CAD = 0.7193 USD
1 CAD = 0.5539 GBP
1 CAD = 0.6655 EUR
1 CAD = 1.0957 AUD
1 CAD = 110.2680 JPY
1 CAD = 4.1187 BRL
1 CAD = 70.0500 RUB
1 CAD = 5.1313 CNY
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Currency Rates Chart
Equities of the Largest Breweries
North America: Barley harvest effectively completed in Canada and the US
...Click here
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USA, FL: Chubby Mermaid Brewing Co. already open in Bonita Springs
...Click here
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USA, MD: Mayan Monkey Brewing Co. has opened and is awaiting state license to brew on-site
...Click here
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USA, DE: First State Brewing Company planning second location in Rehoboth
...Click here
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USA, NB: Kinkaider Brewing Company planning new location in Kearney
...Click here
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USA, GA: Pretoria Fields Brewing moving to a new location in Albany
...Click here
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USA, VA: A Few Old Goats Brewing Company launching second location in Buchanan
...Click here
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USA, NH: Enfield brewery plans in jeopardy as property listed for sale
...Click here
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China: Tsingtao Brewery's Q3 revenue and profit both decline year-on-year
...Click here
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Australia: Barley crop forecast reduced by 0.5 mln tonnes
...Click here
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Vietnam: Sabeco to invest US$39.4 million to boost stake in two Vietnam beer makers
...Click here
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Argentina: Barley crop forecast unchanged at 5.2 mln tonnes
...Click here
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The Netherlands & Georgia: Georgia Capital sells 92.4% of its beer and distribution business to Royal Swinkels
...Click here
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UK: Malting barley premium returns to historical average
...Click here
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Ukraine: Ukraine to plant more winter wheat and barley
...Click here
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UK: Government slashes draught duty by 1.7 per cent
...Click here
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Spain: Mahou San Miguel opens a brewery inside Madrid’s Santiago Bernabéu stadium
...Click here
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Japan: One-fourth of Japanese consumers choose low-alcohol beverages
...Click here
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Nigeria: Nigerian Breweries launch Heineken in 45cl bottles
...Click here
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Graph of the Week
Table of the Week
EU Barley Supply & Demand Forecast
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
28 October
1904 - St Louis police try a new investigation method - the fingerprints
1954 - Nobel prize for literature awarded to Ernest Hemingway
1986 - International Red Cross ousted from South Africa
29 October
1929 - The New York Stock Exchange crashes in what will be called the Crash of '29 or "Black Tuesday", ending the Great Bull Market of the 1920s and beginning the Great Depression
1947 - Belgium, Luxembourg and Netherland form Benelux Union
1952 - Sweden begins experimental TV
2008 - Delta Air Lines merges with Northwest Airlines, creating the world's largest airline and reducing the number of US legacy carriers to five
30 October
1894 - Daniel Cooper patents time clock
1987 - August A Busch III becomes CEO of St Louis Cards
1989 - Mitsubishi Estate Co. agrees to pay $846 million for 51% of Rockefeller Center in New York City; by 1996, the Mitsubishi affiliate is so financially troubled that it sells Rockefeller Center for less than $400 million
Agenda
October 2024:
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 - 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 - 17: Copenhagen Beer Festival 2025 (Copenhagen, Denmark)
16 - 18: Cerveza Mexico Expo 2025 (Expo Guadalajara, Jalisco, Mexico)
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)
20 - 05 October: Oktoberfest 2025 (Munich, Germany)
27 - 29: Whisky Live Paris 2025 (Paris, France)
October 2025:
16 - 17: Brew Asia 2025 (Bangkok, Thailand)
News Articles
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North America: Barley harvest effectively completed in Canada and the US
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With barley harvest effectively complete, RMI Analytics’ crop estimate for Canada is steady at 7.8 mln tonnes.
The US harvest result at 3.20
...More info on site
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USA, FL: Chubby Mermaid Brewing Co. already open in Bonita Springs
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Another regional brewery launched Oct. 25 in a location off the beaten path near the Collier-Lee County line. Chubby Mermaid Brewing Co. opened its 20 craft beer taps in the Causeway Commerce Park on Old 41 Road, south of Bonita Beach Road in Bonita Springs, Gulfshore Business reported on October 25.
“Bonita now has five breweries in a 5-mile radius,” said Gary Fortin, who co-owns the new local business with Joshua Hoover. “That is a huge thing when it comes to destinations.”
Chubby Mermaid is not a derogatory term, but rather another name for manatees or sea cows. The brewery’s logo features a manatee mermaid holding a mug of frothy beer.
One percent of Chubby Mermaid’s tap sales will be donated to the Save the Manatee Club, the nonprofit organization co-founded in 1981 by singer Jimmy Buffet and Sen. Bob Graham, two Floridians who recently died. The club’s mission is to protect manatees and their aquatic habitat.
Fortin and Hoover are Naples residents who independently have been home brewers for more than 15 years. The two met via YouTube, where they have channels about brewing beer and organized an online home-brewing club called BrewTubers.
Hoover relocated from California to start the local business with Fortin
...More info on site
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USA, MD: Mayan Monkey Brewing Co. has opened and is awaiting state license to brew on-site
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Mayan Monkey Brewing Co. has opened at 227 E. Diamond Ave in Gaithersburg, in the former location of Growlers and Summit Station Brewery. While the brewery awaits its state license to brew on-site, it is offering a selection of beers from Flying Dog, Modelo, and Pacifico, The MoCo Show reported on October 26.
The new concept comes from the team behind local favorites Taco Bar El Guero (Rio area), Ixtapalapa (Gaithersburg), and La Gula Mexicana (Germantown). Mayan Monkey Brewing Co. features a menu blending Mexican and American flavors, with options like cheese curds, pretzels, burgers, wings, and tacos. The space also offers live music in the upstairs area and full-service dining downstairs.
“At Mayan Monkey Brewing Co., we’re passionate about bringing you the freshest food and the finest brews. Our menu is a vibrant celebration of Mexican flavors, made from scratch with love and tradition. From our zesty tacos to our refreshing house-brewed beers, every bite and sip is a journey south of the border.”
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USA, DE: First State Brewing Company planning second location in Rehoboth
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A vacant restaurant space on southbound Route 1 outside Rehoboth Beach is set to become First State Brewing Company’s second location, Cape Gazette reported on October 30.
Founded in 2020 by Paul Hester, the Middletown-based tap house and kitchen officially announced it was coming to town Oct. 25 on its Facebook page. However, the painting of the sign on the building throughout the week made the future opening known days beforehand.
Jeff Horne, First State Brewing Company marketing and creative specialist, said there’s not much to share on the new location because they’re still working on construction and refining a lot of the other details.
“We don’t have an opening date at this moment,” said Horne in an email Oct. 29.
The space in The Shops at Sea Coast Plaza has been home to TGI Fridays, which closed in July 2019, and The Pond, which moved from downtown Rehoboth Beach in early 2021 before closing in September 2023.
According to a permit from the Office of the State Fire Marshal hanging in the window of the restaurant, the space is about 6,270 square feet and has an occupant load of 228.
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USA, NB: Kinkaider Brewing Company planning new location in Kearney
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Kinkaider Brewing Company is moving its retail license from Grand Island to Kearney, KSNB reported on October 25.
Kinkaider co-owner Cody Schmick said they are planning to open up a location right off of I-80 in Kearney.
Schmick said they are partnering with the Younes family to be a part of their complex, which continues to expand with hotels, restaurants and the new sports complex being built in that area.
“We have the opportunity to be a part of something much bigger,” he said.
Schmick made the announcement on Facebook Live on October 25 that they plan to build a location from the ground up with both Kinkaider and their other brand, Bierhaus, side-by-side.
“This is a new model for us,” Schmick said, describing the site’s layout as similar to Cunningham’s at the Lake, where seating overlooks the water.
Kinkaider’s new development will offer scenic lake views from the opposite shore.
The Kearney location will include twin buildings with outdoor areas for families, play spaces for children, and additional businesses nearby.
“(We are) really excited for the opportunity and ability to be there,” he said.
Schmick added that the facility will feature a retail store with merchandise showcasing Kinkaider products.
He said the plan is to open this new spot
...More info on site
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USA, GA: Pretoria Fields Brewing moving to a new location in Albany
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Pretoria Fields Brewing has announced that it will be moving to a new location after nearly a decade of operating in downtown Albany, WALB reported on October 28.
The brewery announced the move in a Sunday evening social media post.
“After nearly a decade in Downtown Albany’s stunning location, we’ve chosen to return to our farmhouse brewery roots,” the brewery said on Facebook.
The taproom will remain open for regular hours and operations through Friday, Nov. 1, with all regular weekly events as scheduled, the post said.
“We adore Downtown Albany, and we are deeply grateful for the community’s support through the years. The beauty of downtown Albany will be forever cherished, and our role in hosting many visitors from near and far has been remarkable. We appreciate the city of Albany’s support. We eagerly await returning to our farm and are excited to share the origins of our dream with you,” the company said.
Business will resume at the farm taproom on Wednesday, Nov. 6. The brewery said that the farm taproom’s hours and schedule will be announced soon.
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USA, VA: A Few Old Goats Brewing Company launching second location in Buchanan
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The Town of Buchanan is welcoming a second location of A Few Old Goats Brewing Company.
A Few Old Goats Brewing Company will host a ribbon cutting of the second location on Saturday, November 2 at 11:30 a.m. at 19318 Main Street.
The ribbon cutting will also include a speech from Buchanan’s Mayor welcoming the second location to the community. Attendees can meet the founders and brewing team with a chance to learn about the process of brewing and the uniqueness of A Few Old Goat’s beers.
Food trucks will also be at the event to serve food to pair with refreshments.
“We are excited to bring A Few Old Goats Brewing Company to Buchanan,” said Kenny McGraw, co-founder of the brewery. “Our goal is to create a space where the community can come together to enjoy quality craft beer and foster connections. We can’t wait to share our passion for brewing with everyone!”
“There has been a high level of excitement and anticipation since it first became public that AFOG would be coming to town,” said Tristan Harris, Mayor of the Town of Buchanan. “I wholeheartedly share in this excitement. A Few Old Goats will be a great addition to our community, representing a
...More info on site
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USA, NH: Enfield brewery plans in jeopardy as property listed for sale
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A plan to open a brewery next spring in a former laundromat in Enfield is in jeopardy after the building’s owner decided to put it up for sale instead, Valley News reported on October 28.
Brian Degnan said he decided to sell 59 Main St. due to “the bureaucracy that exists and the amount of effort it takes to invest money in Enfield,” he said in a phone interview.
Degnan’s concerns center on the town’s zoning process, including a pair of zoning variances the town refused to grant.
In the meantime, the brewery operator said it’s too soon to know if the new taproom will still open.
“There’s so much unknown right now,” Dan Thomas said in a phone interview. “We hope to” still make something happen in Enfield.
Hoptimystic, which Thomas owns with his wife, Kelly, is operating a tasting room in the former Anchorage restaurant in Sunapee Harbor through the end of November. The beer is brewed at a facility in Springfield, N.H., which is not open to the public.
In July, Degnan received approval from the Enfield Planning Board for Hoptimystic Brewing to operate in the former laundromat, which Degnan has owned since 2017.
In October, the Enfield Zoning Board of Adjustment granted Degnan’s
...More info on site
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China: Tsingtao Brewery's Q3 revenue and profit both decline year-on-year
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Tsingtao Brewery's Q3 revenue and profit both declined year-on-year, with operating income at 8.891 billion RMB, a decrease of 5.28% year-on-year; while net profit
...More info on site
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Australia: Barley crop forecast reduced by 0.5 mln tonnes
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As barley harvest advances in Queensland and northern New South Wales, the initial reports are validating the expected very good crop result. GrainCorp has
...More info on site
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Vietnam: Sabeco to invest US$39.4 million to boost stake in two Vietnam beer makers
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Sabeco plans to invest nearly VNĐ1 trillion (US$39.4 million) to boost its stake in two companies: Saigon Bình Tây Beer Group JSC (Sabibeco) and
...More info on site
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Argentina: Barley crop forecast unchanged at 5.2 mln tonnes
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The Argentina barley crop continues to develop very well, supported by further rains, particularly in the east/north-east regions which needed moisture. The continued favourable
...More info on site
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The Netherlands & Georgia: Georgia Capital sells 92.4% of its beer and distribution business to Royal Swinkels
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Georgia Capital PLC ("GCAP") announced on October 28 that it has entered into an agreement with a subsidiary of Royal Swinkels N.V. for the
...More info on site
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UK: Malting barley premium returns to historical average
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UK’s malting barley premium has continued to come under pressure since it was last reported in September, falling back from the highs seen last
...More info on site
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Ukraine: Ukraine to plant more winter wheat and barley
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Ukraine will expand areas under winter crops through increasing the production of winter wheat and barley, Ukrainian media quoted First Deputy Agrarian Policy and Food Minister Taras Vysotsky as saying at the Ukraine Media Center on October 25.
Farmers are continuing to sow winter crops, Vysotsky said. Weather has not always been favorable during the autumn sowing campaign, with numerous areas suffering from drought; however, most of the regions saw rains in mid-October, which gives grounds to expect that winter crops will emerge well, he said.
Ukrainian farmers have reduced areas under winter rapeseed by 10% to 100,000 hectares due to adverse weather, Vysotsky said. In particular, farmers in the Dnepropetrovsk region, a major winter rapeseed producer, were unable to sow rapeseed this autumn because of the drought, he said.
"As for winter wheat and barley, we see growth of around 10% in terms of the sowing pace compared to last year. They're both expanding the areas and sowing faster," he said.
As of the start of this week, Ukraine sowed 8% more winter wheat and barley than as of the same dates last year, he said.
Speaking of weather challenges, Vysotsky recalled that weather in November and December 2023 was mild enough to prompt
...More info on site
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UK: Government slashes draught duty by 1.7 per cent
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UK Chancellor Rachel Reeves has vowed to take a 'penny off the pint in the pub' as she slashed draught duty by 1.7 per cent - but drinkers will still face higher booze prices, Daily Mail reported on October 30.
In her maiden Budget speech, Ms Reeves unveiled a major tax raid in an effort to plug what she claimed was a £22bn 'black hole' in public finances.
Despite pledges to 'invest, invest, invest' and to pump 'more pounds in people's pockets', the Chancellor's staggering £40bn tax bomb on October 30 has been dubbed by critics as 'the biggest heist in modern political history'.
As part of her plans to try and overhaul public finances, Ms Reeves - who is just 118 days into her term as Britain's first female Chancellor - has hiked bus fares, national insurance, and capital gains tax.
But she said that she would cut duty on draft booze in pubs in a bid to drive down costs for some punters, with a penny reduction for pubgoers getting draught beer and lager at their locals.
'Nearly two-thirds of alcoholic drinks sold in pubs are served on draught,' Ms Reeves told MPs. 'So on October 30, instead of uprating
...More info on site
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Spain: Mahou San Miguel opens a brewery inside Madrid’s Santiago Bernabéu stadium
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The two Madrid emblems join forces to open a new experiential -and functional- project inside the famous soccer club. The Mahou San Miguel x Santiago Bernabéu team presents ‘Plaza Mahou‘, a new space dedicated to the iconic Madrid beer brand with a legacy of more than 130 years, Tapas Magazine reported on October 23.
This exciting opening for club members and beer lovers is a collective milestone for both that will allow Mahou to extend its diversification plan; glimpsing its power to generate experiences around its products. The space also makes history within the national beer culture by becoming the first brewery inside a sports stadium.
With this project, Mahou San Miguel pays tribute to its origin, tradition and brewing excellence, but also shows the enormous potential that this company has to innovate and create experiences that connect with different consumer profiles, both national and international,’ says Eduardo Diaz, director of Hospitality, Venues and Commercial Events at Mahou San Miguel. It is a luxury to be able to do it in a place like the Bernabéu which, like our Mahou brand, is linked to the name of Madrid and continues to evolve to contribute to the wealth and projection of the city,’
...More info on site
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Japan: One-fourth of Japanese consumers choose low-alcohol beverages
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Japanese consumers are now choosing low-alcohol beverages driven by health consciousness, according to a GlobalData survey which polled 500 respondents, Retail Asia reported on October 29.
The rising preference is primarily observed amongst the younger generation. The 25 to 34 age bracket had the highest percentage (56%) followed by the 18 to 24 age group at 49%.
In response, Japan’s Ministry of Health, Labor, and Welfare recommended alcohol consumption guidelines that prioritise health and promote responsible drinking.
“Consequently, key players in the market are adding low-alcohol by volume (ABV) products to attract health-conscious consumers,” Mariko Kadosaka, key account director at GlobalData Japan, noted.
For example, Asahi Breweries refrains from releasing products with alcohol levels exceeding 8%.
“Low-alcoholic beverages will play a significant role in the country’s drinking culture which will subsequently expand the market,” Mali said.
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Nigeria: Nigerian Breweries launch Heineken in 45cl bottles
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Nigerian Breweries Plc has launched 45cl bottle of its premium beer, Heineken, to solidify its leadership position in the beer market, Business Post Nigeria reported on October 30.
The brewer said the 45cl bottle combines sophistication and convenience because it was crafted with the fast-paced and social lifestyle of Nigerian cities in mind, becoming the perfect companion for any setting.
The unveiling of the addition was done at the Lagos Fashion Week 2024, which attracted several persons from the showbiz industry, its target audience.
The company also used the event to introduce the Heineken 45 Collection, proving once again why it’s a brand that doesn’t just serve drinks—it shapes culture.
The dual launch of the 45cl bottle and the 45 Collection marks a new chapter for Heineken in Nigeria, as it is a reminder that Heineken is more than just a drink; it’s part of the moments, stories, and experiences that shape our lives.
With the 45cl bottle, Heineken brings sophistication to any occasion, while the 45 Collection brings Nigerian creativity to the world stage, connecting fashion and refreshment in a way only Heineken can.
“For Heineken, partnering with Lagos Fashion Week reflects creativity, boldness, and the spirit of innovation—values that Heineken holds dear.
“We’re thrilled to
...More info on site
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