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E-Malt.com Newsletter 45a
November 04 - November 06, 2024
Quote of the Week
A little bit of beer is divine medicine.
Paracelsus, Greek physician
Currency Rates
Base Currency: US Dollar
on November 06, 2024 |
Base Currency: Canadian Dollar
on November 06, 2024 |
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1 USD = 0.9173 EUR
1 USD = 0.7697 GBP
1 USD = 1.3871 CAD
1 USD = 1.5110 AUD
1 USD = 152.0300 JPY
1 USD = 5.7773 BRL
1 USD = 98.1862 RUB
1 USD = 7.1035 CNY
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1 CAD = 0.7208 USD
1 CAD = 0.5548 GBP
1 CAD = 0.6612 EUR
1 CAD = 1.0891 AUD
1 CAD = 109.5840 JPY
1 CAD = 4.1643 BRL
1 CAD = 70.7732 RUB
1 CAD = 5.1203 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, NY: Farmcraft Brewery to hold an opening day on November 6
...Click here
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USA, IA: Backpocket Brewing acquires beer brands of Peace Tree Brewing
...Click here
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USA, IL: Revolution Brewing to consolidate from two Chicago locations to one
...Click here
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USA, WI: MobCraft Beer to wind down operations by end of November
...Click here
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USA, AZ: Throne Brewing closes after three years of business in Phoenix
...Click here
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USA, CA: Woodfour Brewing Company unexpectedly closes down in Sebastopol
...Click here
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The Philippines: San Miguel Brewery Inc. sees nine-month net income jump by 36.7%
...Click here
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Vietnam: Sabeco to pay a 20% dividend with Vietnam Beverage to receive nearly 54% of the total
...Click here
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France: Brewers fear extra taxes on sugar and alcohol could spike beer prices
...Click here
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China: Budweiser China signs deal to expand indoor hop cultivation
...Click here
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Ukraine: Hops area down from 7.4 thousand ha in 1990 to 0.3 thousand in 2023
...Click here
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Cameroon: Beer prices up as bars adjust costs following government backlash
...Click here
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Australia: New project aims to open new market opportunities for Australian barley growers
...Click here
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India: Indian single malt whiskies gaining traction and snapping up awards abroad
...Click here
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Tanzania: Serengeti Breweries calls for more favourable tax and policy environment
...Click here
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Graph of the Week
Table of the Week
US Hop Acreage and Production 2022-2023
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
04 November
1846 - Benjamin Palmer patents artificial leg
1939 - 1st air conditioned automobile (Packard) exhibited, Chicago, Ill
1996 - Vimpel Communications becomes the first Russian company to list its shares on the New York Stock Exchange
2008 - Barack Obama becomes the first person of African-American descent to be elected President of the United States
05 November
1492 - Christopher Columbus learns of maize (corn) from Indians of Cuba
1895 - George Selden patents 1st gasoline-driven car
2007 - Android mobile operating system is unveiled by Google
06 November
1851 - Charles H Dow was born, co-founded Dow Jones/1st editor of Wall St Journal
1923 - Col Jacob Schick patents 1st electric shaver
Agenda
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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USA, NY: Farmcraft Brewery to hold an opening day on November 6
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Farmcraft Brewery will hold an opening day this week for a new brewery at 567 Route 20A. The brewery will welcome customers from noon to 8 p.m. Wednesday, November 6, TheDailyNewsOnline.com reported.
The Wyoming County Industrial Development Agency (WCIDA) and Wyoming County Business Assistance Corporation (WCBAC) noted in their 2023 annual report that Farmcraft Brewery will be a brewing facility, taproom, and event center located on part of the 300-acre, fourth-generation Meyer family farm.
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USA, IA: Backpocket Brewing acquires beer brands of Peace Tree Brewing
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Coralville-based Backpocket Brewing has acquired the beer brands of Peace Tree Brewing, KCRG reported on November 6.
It comes after Peace Tree Brewing, of Knoxville, ended its brewing operation over the summer, after nearly 15 years.
Peace Tree Brewing owner Megan McKay said selling to Backpocket will allow her brewery’s legacy to live on.
In a release, Backpocket Brewing said the agreement ensures Peace Tree‘s beloved beers remain integral to Iowa’s rich craft beer scene.
“Her dedication to the brand she painstakingly built has set benchmarks for quality and innovation, solidifying Peace Tree Brewing as a cornerstone of Iowa’s craft brewing identity,” Backpocket Brewing said in the release.
Peace Tree’s flagship, award-winning beer, “Blonde Fatale,” is among the beers set to re-enter the market.
Backpocket said it also plans to reintroduce other Peace Tree brands in the future, but it is initially focusing on the brewery’s flagship brand.
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USA, IL: Revolution Brewing to consolidate from two Chicago locations to one
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The state’s largest independent craft brewery will soon be consolidating from two Chicago locations to one, AOL.com reported on November 3.
Revolution Brewing will close its brewpub in Logan Square on Saturday, Dec. 14. The business announced the decision on its Facebook page over the weekend. The Logan Square brewpub, located at 2323 North Milwaukee Avenue, opened in February 2010.
“The brewpub is where the first Revolution beers were served and where we first brewed beers like Anti-Hero IPA, which would change the shape of craft beer in Chicagoland,” says the Facebook post, in part. “Today that chapter of our story starts to wind down, as we announce that we are permanently closing the doors of the Logan Square brewpub.”
However, Revolution’s taproom in Avondale, located at 3340 North Kedzie Avenue, will not be impacted, the business says. The taproom opened in 2012 as one of the first bars in the city to serve beer made on-site.
“Our Kedzie Avenue production brewery and tap room opened just two years after the pub, and that’s where our business thrives now and where we will remain fully operational and open to the public,” the business says on Facebook. “We’re making investments at that location to retain
...More info on site
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USA, WI: MobCraft Beer to wind down operations by end of November
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The owner of a popular brewery in Wisconsin has announced that he’ll be winding down operations by the end of November before being acquired by another brewery, WFRV reported on November 4.
According to a social media post, MobCraft Beer in Milwaukee and Woodstock, Illinois, is in negotiations to be acquired by another brewery and will most likely be winding down operations as MobCraft at the end of November.
“It’s with mixed emotions that I am making this post,” said MobCraft officials. “Trying to cram heartbreak, financial struggles, excitement, and optimism all into the same statement, but here we are!”
MobCraft’s last official day of serving will be November 30, 2024. Officials say that the MobCraft location in Woodstock, Illinois, may continue to operate as MobCraft and be run by current leadership or transition as well.
“As I reflect on the past 12 years of this business, it’s been a ride that I feel so fortunate to have shared with a lot of really cool people and fans,” read the social media post. “We’ve built an amazing community over the years, and that’s apparent through all of the love we consistently heard from you.”
MobCraft Beer laid out a detailed plan for some of the
...More info on site
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USA, AZ: Throne Brewing closes after three years of business in Phoenix
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Glendale-based Throne Brewing has closed after three years in downtown Phoenix, mouth by southwest reported on November 4.
According to a notice on the door, the property near the southwest corner of Central Avenue and McDowell Road was seized by the county following a court order.
A third Throne location, which opened in Peoria in 2020, closed in September.
A sibling concept, The Pairing Room in downtown Phoenix, closed in July after just three months in business.
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USA, CA: Woodfour Brewing Company unexpectedly closes down in Sebastopol
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Woodfour Brewing Company, one of the original tenants of The Barlow in Sebastopol, has closed. The brewery and restaurant, which opened in 2013, unexpectedly shuttered in October according to The Barlow founder and real estate developer Barney Aldridge, The Press Democrat reported on November 5.
The 4,000-square-foot space, which includes brewing tanks, restaurant kitchen, patio and dining room, has been closed for several weeks. The Sonoma County Environmental Health and Safety Department posted a sign at the restaurant on Oct. 24 stating that the restaurant was closed due to violations.
A spokesperson from the department said the owners had not renewed their annual permit, leading to an automatic closure after 90 days.
Founded by brewers Seth Wood and Olav Vier, the craft brewery was best known for its sour and barrel-aged beers as well as being the incubator for Ramen Gaijin. The Michelin-noted Japanese ramen and izakaya restaurant, now relocated in the heart of downtown Sebastopol, began as a pop-up at the brewery under chefs Matthew Williams and Moishe Hahn-Schuman.
Aldridge could not provide any further information about the former owners or reason for the closure, but said there was already interest in the location.
There are still many places to hoist a pint at
...More info on site
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The Philippines: San Miguel Brewery Inc. sees nine-month net income jump by 36.7%
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The nine-month net income of San Miguel Brewery Inc. jumped by 36.7 percent to P23.4 billion as sales recovered from a slowdown early in
...More info on site
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Vietnam: Sabeco to pay a 20% dividend with Vietnam Beverage to receive nearly 54% of the total
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With nearly 1,3 billion shares in circulation, Sabeco is expected to spend nearly VND2.600 billion on this interim dividend payment. Of which, with the
...More info on site
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France: Brewers fear extra taxes on sugar and alcohol could spike beer prices
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Brewers are struggling to swallow proposals to increase taxes on alcoholic and sweetened drinks under France's latest budget, currently being debated by parliament. While supporters say the measures would raise much-needed funds for the French health system, beer makers warn they could end up penalising independent breweries already finding it tough to survive, Yahoo!News reported on November 3.
Under pressure to reduce France’s mammoth deficit, the new government is looking for ways to save billions of euros on social security – and raising duties on potentially unhealthy food and drink looks set to be part of the plan.
Members of parliament have proposed amendments to the funding bill that would target alcohol and processed sugar, and specifically high-strength, sweetened beers.
The farthest-reaching proposal would expand the “social security contribution” levied on certain products and allocated to funding national health insurance. Currently applied only to drinks with an alcohol content of 18 percent or more, the revised tax would be collected on all alcohols, including wine and beer.
Another amendment would see a new duty introduced on beers stronger than 5.5 percent, while a further proposal seeks to tax flavoured, sweetened beers containing the equivalent of at least 20 grams of sugar per litre.
Parliament’s social
...More info on site
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China: Budweiser China signs deal to expand indoor hop cultivation
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Budweiser’s Chinese arm has signed a new deal with partner Jiangsu Nongken Group to expand indoor hop cultivation, further localizing the production of ingredients in the world’s largest beer market by sales, Yicai Global reported on November 4.
The agreement, inked during Budweiser China's fourth annual Growers Day in Sheyang county, Jiangsu province focuses on technological innovation in domestic barley and hop cultivation. This year’s event, held on Oct. 31, was themed around ‘Seed With Tech, Brew for Future.’
Under the agreement, Budweiser Brewing Company China and JSFEC Malting, which is a subsidiary of Jiangsu Nongken Group, will jointly improve the quality, yield and cultivation technology of domestic hops.
The pair have already opened a 2,200-square-meter modern indoor hop cultivation facility in the city of Lianyungang in Jiangsu, using advanced agricultural technologies including air-source heat pumps and integrated irrigation systems.
“It’s new additional business, which is good for us, good for the quality of our beer, and good for the farmers because it helps them to increase their revenues,” Jan Clysner, vice president of sustainability and procurement at Budweiser Brewing Company APAC, told Yicai.
“Normally hops are only grown in very specific areas worldwide,” he said. But “for a few years we have been piloting
...More info on site
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Ukraine: Hops area down from 7.4 thousand ha in 1990 to 0.3 thousand in 2023
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Over the past thirty years, Ukraine has reduced the area under hops from 7.4 thousand hectares in 1990 to 0.3 thousand hectares in 2023, according to Oleksandr Haidu, chairman of the Verkhovna Rada Committee on Agrarian and Land Policy.
“Last year, only 460 tonnes of hops were harvested in Ukraine with an average yield of 13 c/ha,” he wrote on Facebook following a roundtable discussion on the implementation of EU requirements in the hop industry, Business News from Ukraine reported on November 1.
According to Gaidu, this reduction in acreage has led to the fact that domestic hops cover only 20% of the needs of breweries, while the rest of the products are imported.
In his opinion, the figures demonstrate the industry’s need for development and support, in particular by encouraging the use of domestic hops in brewing.
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Cameroon: Beer prices up as bars adjust costs following government backlash
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Since November 1, 2024, many bar owners in Cameroon have raised their prices, increasing the cost of beers and soft drinks by CFA50 to 100 FCFA. This decision has angered Luc Magloire Mbarga Atangana, Cameroon’s Minister of Commerce. His enforcement team sealed off several establishments on November 4 for illegally raising prices on products that require government approval for price changes, Business in Cameroon reported on November 5.
In a statement issued on November 4, Minister Mbarga Atangana reminded everyone that beer and soft drinks are indeed on the list of items that must go through a price approval process. He emphasized that the recent unilateral price increases by bar operators are invalid and without effect.
The tensions between the government and bar owners stem from a revision of terms between industry players, which led to the introduction of additional charges. Bar owners quickly passed these new costs onto consumers. However, a source from the Cameroon Alcohol Producers Association (CAPA) denied that such measures were in place across the association.
The Minister's November 4 statement highlighted recent changes in agreements between at least one brewery and its partners that have resulted in the price hikes seen since November 1. The statement indicated that
...More info on site
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Cyprus: October beer shipments up 14.8%
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Beer deliveries from factories in Cyprus recorded a significant increase both in the domestic market and, notably, in exports, according to the Statistical Service of Cyprus.
Specifically, the total quantity of deliveries for October amounted to 4,212,952 litres, marking a 14.8% increase compared to the same month in 2023.
The quantity of beer delivered to the domestic market in October 2024 was 4,084,636 litres, reflecting a 12.1% increase compared to the same period last year. On the other hand, beer exports saw an impressive rise of 410.9%, reaching 128,316 litres, up from just 25,116 litres in October 2023.
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Australia: New project aims to open new market opportunities for Australian barley growers
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As demand grows for Australian barley and malt in Central and Latin America, Australian growers will benefit from a new project designed to present diversification opportunities in these markets, Beer & Brewer reported on November 4.
Delivered by the Australian Export Grains Innovation Centre (AEGIC), an initiative of the Western Australian State Government and Grains Australia, the new project will gather information from the Central and Latin America markets, such as preferred quality and functional properties, to better inform the breeding and market engagement strategies of Australian barley growers.
The project is already underway, with AEGIC personnel set to meet with customers in Mexico, Colombia, Peru, Brazil and Chile this month to understand their needs and foster new opportunities.
Embarking on the visits is AEGIC’s Markets Manager – Lead, Mary Raynes, and Barley and Oat Quality Program Manager, Jack King, building on market engagement conducted in Central and Latin America last year.
Raynes said: “This major project will give the Australian barley industry access to objective intelligence on these markets’ preferred malting barley quality attributes.
“These insights will enable Australian breeding companies and Grains Australia to make more informed decisions around breeding and classification of Australian barley varieties, and will assist Australian trade representatives when
...More info on site
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India: Indian single malt whiskies gaining traction and snapping up awards abroad
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At Bungalow, celebrity chef Vikas Khanna’s Indian restaurant in New York’s East Village, a dozen Indian single malt whiskies are spotlit in their own section on the spirits list, SCMP.com reported on November 4.
Just a few years ago that would not have been possible, says Sameer Bhatt, a partner in the restaurant. Although India is the world’s largest whisky market, its whiskies are typically blends, often made with a rum-like molasses distillate.
Until recently, Indian single malts were virtually unknown, if they were even available outside the subcontinent.
Now, with domestic whisky consumption rising hand in hand with the country’s growing affluence, distilleries are turning out high-quality single malts in quantities available to export – and they are not only gaining traction but also snapping up awards.
Amrut Triparva was named in the best in class section of the US-based Whiskies of the World Awards 2024, while in 2023, Indri Diwali Collector’s Edition 2023 took home the top prize in the same competition.
This year, Indri Founder’s Reserve 11-year-old wine cask was named one of the top 15 whiskies at the International Whisky Competition, another US-based event.
Now, Bhatt says, “my Indri is selling more than my Macallan”.
Sanjeev Banga is president of international business at
...More info on site
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Tanzania: Serengeti Breweries calls for more favourable tax and policy environment
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Serengeti Breweries Limited (SBL) has called for creating a more favorable tax and policy environment to optimize government revenue generation and ensure the sustainability of businesses. The brewer made this appeal over the weekend at a meeting with the Parliamentary Committee for Industries, Trade and Environment, IPP Media reported on November 4.
“An unpredictable tax environment or one that is in favour of one player is a disincentive to the industry growth and government revenue generation,” said SBL Managing Director Obinna Anyalebechi, citing the current excise tax concession of 620/- per litre on beer made from local malt as one among discriminatory taxes.
The tax concession poses a 32% excise tax gap compared to beer from imported malt, which is taxed at 918/—per litre. Importing brewers also have to suffer additional costs related to paying import duty and the effects of forex fluctuations.
Only one player currently enjoys the lower excise tax on beer made from local malt leaving two other beer producers with smaller production capacities – SBL and East African Spirits Limited – in the disadvantaged position of paying the higher 918/- excise tax band. “Our small beer volume does not justify investment into a malting facility at the
...More info on site
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