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E-Malt.com Newsletter 46b
November 14 - November 17, 2024
Quote of the Week
Freedom is nothing but a chance to be better.
Albert Camus
Currency Rates
Base Currency: US Dollar
on November 15, 2024 |
Base Currency: Canadian Dollar
on November 15, 2024 |
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1 USD = 0.9484 EUR
1 USD = 0.7886 GBP
1 USD = 1.4019 CAD
1 USD = 1.5456 AUD
1 USD = 155.9670 JPY
1 USD = 5.7996 BRL
1 USD = 99.0882 RUB
1 USD = 7.2349 CNY
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1 CAD = 0.7132 USD
1 CAD = 0.5624 GBP
1 CAD = 0.6764 EUR
1 CAD = 1.1024 AUD
1 CAD = 111.2380 JPY
1 CAD = 4.1364 BRL
1 CAD = 70.6710 RUB
1 CAD = 5.1600 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, MN: AB InBev to shut down its Moorhead malting facility
...Click here
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USA, SC: Low Tide Brewing to expand with new $22 mln facility
...Click here
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USA, MD: Eden Town Brewing Company to become Caroline County’s first brewery
...Click here
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USA, FL: Mastry's Brewery expects to start work on St Pete Beach location by the end of the year
...Click here
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USA, AZ: Borderlands Brewing Company welcomes folks into its newest location in Tucson
...Click here
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USA, WI: Brewfinity Brewing Co. planning second brewery in Pewaukee
...Click here
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USA, LA: Cypress Coast Brewing planning expansion in Baton Rouge
...Click here
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USA, NJ: Ashton Brewing Company closing its doors after nearly fiver years in business
...Click here
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Japan: Asahi Group reports 2.2% revenue growth in January-September
...Click here
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World: Barley market quiet as world awaits crop results in South America
...Click here
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Australia: Barley crop forecast slightly up on generally positive early harvest results
...Click here
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Malaysia: Heineken Malaysia set to benefit from resilient consumer demand
...Click here
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EU: Non- and low-alcohol beer making huge leaps to conquer more market share
...Click here
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China: Diageo unveils US$120m Chinese whisky distillery
...Click here
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Argentina: Barley crop forecast steady at 5.2 mln tonnes
...Click here
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Nigeria: International Breweries’ after-tax loss deepens due to growth in expenditure in January-September this year
...Click here
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Malaysia: Carlsberg Brewery Malaysia invests in capacity expansion and optimisation of energy usage
...Click here
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India: Pernod Ricard becomes India’s largest spirit maker in FY24
...Click here
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UK: Winter barley variety Buccaneer gains full approval for brewing
...Click here
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World: Diageo launches new global ‘luxury assets’ division
...Click here
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Russia: Baltika Brewing in talks to buy two large Russian beer maker
...Click here
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Vietnam: Special consumption tax on alcoholic beverages requires careful study – economists
...Click here
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Graph of the Week
Table of the Week
China Malt Imports 2018 - 2023
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
14 November
1494 - Corporate balance sheets and income statements can trace their heritage to this day, as the first edition of Luca Pacioli's Summa de Arithmetica, Geometria, Proportioni et Proportionalita is printed in Venice
1957 - OPEC (Organization of Petroleum Exporting Countries), forms
1985 - Brewers release 39-year-old pitcher Rollie Fingers
1994 - 1st trains for public run in English Channel Tunnel
2008 - The first G-20 economic summit opens in Washington, D.C
15 November
1904 - King C Gillette patents Gillette razor blade
1971 - Intel advertises 4004-processor
16 November
1841 - Life preservers made of cork are patented by Napoleon Guerin
1875 - William Bonwill, patents dental mallet to impact gold into cavities
1904 - British physicist John A. Fleming invents the thermionic two-electrode valve, or diode, later known as the vacuum tube, which soon makes the radio possible -- and ultimately powers the earliest modern computers
17 November
1801 - 1st edition of New York Evening Post
1869 - Suez Canal (Egypt) opens, links Mediterranean & Red seas
1914 - U.S. declares Panama Canal Zone neutral
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)
November 2025:
10 - 12: 15th Iberoamerican VLB Symposium Brewing & Filling Technology (Parana, Brasil)
News Articles
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USA, MN: AB InBev to shut down its Moorhead malting facility
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Brewing giant Anheuser-Busch InBev will shut down operations at its Moorhead malting plant and redirect the grain to be processed by a Twin Cities-area
...More info on site
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USA, SC: Low Tide Brewing to expand with new $22 mln facility
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A Lowcountry brewery has launched an expansion project that will update its brewing system, Charleston Regional Business Journal reported on November 15.
Low Tide Brewing, a craft beer manufacturer, is expanding its operations in Charleston County with a $22.2 million investment that will create 33 new jobs, according to a South Carolina Department of Commerce news release.
Low Tide Brewing will expand into a 26,800-square-foot facility, located at 0 Beer Garden Way on Johns Island, which will include a state-of-the-art brewing system and event space, according to the release. The new facility will expand the company’s manufacturing operations to meet demand for its wholesale products and increase capacity for visitors.
“Low Tide Brewing is thrilled to expand our brewing operations in Charleston County. Demand for our products has grown steadily as we continue to strengthen our reputation in the community,” Low Tide Brewing Founder Mike Fielding said in the release. “We are excited to expand our capabilities so we can support our community even more while producing plenty of tasty brews.”
Founded on Johns Island in 2016, Low Tide Brewing produces award-winning craft beers from quality ingredients, the release stated. The company’s brewery and taproom also offer a variety of one-of-a-kind experiences for the
...More info on site
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USA, MD: Eden Town Brewing Company to become Caroline County’s first brewery
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For the first time, a brewery will come to Caroline County. Construction is underway for the new Eden Town Brewing Company, located at 108 North 8th Street in Denton, MD, WMDT reported on November 10.
The building will be 8,000 square feet and will include a tap room, event space, and beer production space. The company hopes to also have live music outside the venue.
One of the owners of Eden Town, Sarah Dahl is excited to fill that void in her community.
“I think there are a lot of people who just aren’t familiar with everything that’s going on in Caroline County, we’ve got a lot of great spots, we got a place like ‘The Pub’ that has been open for a while and then we have new places like Craft Bakery and Earth Tones Cafe. So much is going on in Denton and Caroline County and this is just one more thing to show people who aren’t familiar with what we have to offer.”
Eden Town Brewing is expected to break ground in the summer of 2025.
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USA, FL: Mastry's Brewery expects to start work on St Pete Beach location by the end of the year
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Plans are progressing for a 40,000-square-foot brewery and marketplace that will anchor a new mixed-use destination in Pinellas Park, St Pete Beach, St Pete Rising reported on November 12.
Matthew Dahm, founder and CEO of Mastry's Brewery, expects to start site work by the end of the year on a new 5,000-square-foot brewery and 36,000-square-foot indoor food hall and market at 5805 Park Boulevard.
Construction permits will be submitted soon for the project, which has been named Park Junction.
The 1.49-acre property previously housed a manufacturing building that has been demolished to make way for the new development, City Development Review Manager Megan Montesino said in a Facebook video, updating the public on the phased project.
Dahm shared new renderings of the future two-building hub with St. Pete Rising, including a courtyard with a children’s play area, an outdoor performance stage created from two 20-foot shipping containers, green space, and an activated rooftop with seating and lawn games.
The new brewery and marketplace will also feature a taproom, offices, art studios, and an event space with a full audio and visual setup.
“Overall, we want to have a project that’s an economic engine supporting small and growing companies that will complement each other
...More info on site
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USA, AZ: Borderlands Brewing Company welcomes folks into its newest location in Tucson
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Over the weekend, Es Teran, owner of Borderlands Brewing Company, and the brew crew welcomed folks into its newest/third location at 5605 E. River Rd. in Tucson, Tucson Foodie reported on November 12.
With pool tables, arcade machines, plenty of seating, and an upstairs view of the city, the team had a successful soft opening up in the Foothills. They’re still ironing out a few of the fixes but they’re looking forward to a Grand Opening in the near future (stay tuned for the actual date).
Meanwhile, the taproom is open daily from 4 – 10 p.m. while the team finishes with renovations.
“We had a brew-tiful time hosting you all for our soft opening at Borderlands Brewing North! Thanks for your patience as we work out the small kinks (think of it as breaking in new beer shoes),” the Borderlands Brewing team shared. “The full liquor menu is pouring in this week, and we’re still on the hunt for cooks to get the kitchen fired up and ready to serve our delicious food.”
So, the new space will have a food menu, which is already equipped with a kitchen because it used to house Harvest Restaurant (the restaurant closed in 2019).
Borderlands has been
...More info on site
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USA, WI: Brewfinity Brewing Co. planning second brewery in Pewaukee
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Brewfinity Brewing Co. plans to open a second brewery and taproom in Pewaukee next spring. The new location will be at 203 W. Wisconsin Ave., in the space previously occupied by the VeloCity bicycle shop right across from Lakefront Park, GMToday.com reported on November 13.
"Brewfinity has been looking to add a second location for the last several years, everything from building a new facility to buying an existing venue to renting space and doing a buildout. We have finally found a location we are excited about as it fits into our model and is financially feasible to pursue," said owner Chad Ostram of Brewfinity Brewing.
Brewfinity Brewing plans to operate a one-barrel brewhouse at the site, and offer a variety of beer and food including brisket sandwiches, pulled pork sandwiches, and other smoked meat options.
"When we looked at the surrounding area, we realized there was a niche in doing smoked meats, so we decided that would be our focus for the kitchen," said Ostram.
Brewfinity Brewing operates a brewery and taproom at N58-W39800 Industrial Road on the far west side of Oconomowoc, which has been in operation for eight years.
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USA, LA: Cypress Coast Brewing planning expansion in Baton Rouge
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Cypress Coast Brewing has been at the Government Street location for the last four years. Now, if the parish approves its plans, the microbrewery will take over the vacant lot behind Mid City Car Wash, WBRZ reported on November 12.
Cypress Coast Brewing is looking to rezone to accompany larger crowds and allow more families into the space.
"It gives us the option to have kids, which a lot of laws have changed since we opened in 2020. It also gives the ability to self distribute that wasn't an option when we first did this," owner Justin Meyers said.
Meyers said the brewery opened its doors in the peak of COVID and has spent the past four years getting established in Mid-City, now that the company plans to expand the owners have realized the small lot isn't enough space.
"I think the biggest thing is we ran out of room, when we did this initially we wanted to start small and kind of grow. Some things have happened that have allowed us to take some space next to us. That gives us the ability to have more people inside, more events, things of that nature," Meyers said.
The addition will allow more outdoor
...More info on site
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USA, NJ: Ashton Brewing Company closing its doors after nearly fiver years in business
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Nearly five years after opening in the former home of another brewery, Ashton Brewing Company is closing its doors in Middlesex, MyCentralJersey.com reported on November 12.
The brewery that focused on balanced, drinkable beers at the former location of Demented Brewing Company is closing by the end of the year, or when its remaining beer runs out.
The landlord of the space is already in talks with potential restaurant and brewery owners.
“Starting out right when COVID hit brought us our first challenge, but now rising costs, a flooded market including out-of-state breweries and a rapid increase in new breweries within the time we opened has made it impossible to sustain our business,” co-owners and husband-and-wife Steve and Donna Ashton posted on the brewery’s Facebook page.
“Our focus has always been about the beer, and not the spectacle, but in the end, the industry changed and that became a broader focus," the post continued.
Despite the impending closure, Ashton Brewing Company will release seven more beers this year, including one every Friday until Black Friday, when four of them will be on tap.
Those four will be variations of an imperial stout aged in bourbon barrels, such as the Hunter’s Moon pumpkin spice and coffee stout
...More info on site
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Japan: Asahi Group reports 2.2% revenue growth in January-September
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Asahi Group Holdings, Ltd. announced on November 14 the financial results for the period of January 1 to September 30.
Revenue grew +2.2% YoY as
...More info on site
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World: Barley market quiet as world awaits crop results in South America
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A rather quiet period for the world’s barley supply and demand balance, as we await the results in South America, but still there is
...More info on site
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Australia: Barley crop forecast slightly up on generally positive early harvest results
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Weather conditions have been generally favourable across all of Australia’s major barley regions and supportive to harvest advancing south into Victoria, and southern Western
...More info on site
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Malaysia: Heineken Malaysia set to benefit from resilient consumer demand
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Heineken Malaysia Bhd is set to benefit from resilient consumer demand, supported by higher minimum wages, robust tourist arrivals and effective promotional and marketing
...More info on site
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 World: Global hop crop, acreage down in 2024
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Global hop market is experiencing significant change. There have been drastic acreage reductions in USA and reductions are expected in Europe, Hopsteiner said in
...More info on site
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EU: Non- and low-alcohol beer making huge leaps to conquer more market share
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Alcohol-free and low-alcohol beer production in the EU jumped by 13% from 2022 to 2023, while the share of traditional brews declined. How large
...More info on site
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China: Diageo unveils US$120m Chinese whisky distillery
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UK-based spirits multinational Diageo pledged to “place China firmly on the global whisky map” with its new Chinese whisky distillery in Yunnan, The Drinks
...More info on site
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Argentina: Barley crop forecast steady at 5.2 mln tonnes
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Substantial rains have fallen across most of South America the past two weeks, and more rain is forecast next week. For Argentina, the rain
...More info on site
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Nigeria: International Breweries’ after-tax loss deepens due to growth in expenditure in January-September this year
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International Breweries has seen its after-tax loss deepen to N112.8 billion due to the growth in expenditure in nine months of 2024, BusinessDay analysis
...More info on site
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Malaysia: Carlsberg Brewery Malaysia invests in capacity expansion and optimisation of energy usage
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Carlsberg Brewery Malaysia Bhd has invested RM200 million to upgrade to its bottling and canning lines alongside high-precision filtration systems, The Edge Malaysia reported on November 13.
On top of that, the brewery spent over RM143 million on energy-efficient and resource-optimising production technologies, as well as workplace safety upgrades, its managing director Stefano Clini showcased the newly upgraded facilities.
The upgrades on the canning line, according to him, are expected to result in an increase of 33% to its production capacity, reduction of water waste by 47%, and a cut in energy consumption by 42%, according to Carlsberg Malaysia.
Meanwhile, the bottling line is expected to reduce water usage by 14% and energy usage by 21% with the upgrades.
For its beer filtration plant, the upgrades are expected to result in enhanced production capability of 33%, reducing water wastage by 18%, and a complete 100% improvement in energy savings.
Speaking to the media, Clini highlighted that the new lines have already resulted in improved production speed and capacity, allowing the company to better meet demand, especially during peak periods like Chinese New Year, which will fall in January 2025.
The improved efficiency, the managing director added, also reduces the need for excessive stockpiling, which in turn
...More info on site
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India: Pernod Ricard becomes India’s largest spirit maker in FY24
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Pernod Ricard has become the largest Indian spirit maker in India in terms of revenue, with a consolidated sales revenue of Rs 26,773.22 crore
...More info on site
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UK: Winter barley variety Buccaneer gains full approval for brewing
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High-yielding winter barley variety Buccaneer has gained full approval for brewing – a welcome addition to what was an otherwise limited approved malting variety list, Farmers Weekly reported on November 13.
Buccaneer now joins Craft, Electrum and Flagon as Malting Barley Committee (MBC) approved winter malting barley varieties as the commitee gave the variety the green light at its autumn 2024 meeting.
Jonathan Arnold, barley buyer at Robin Appel, notes the approval of the two-row variety has arrived in good time.
“The winter barley area has slipped away – one of the reasons being that it is often grown as an entry for OSR and is omitted from the rotation when OSR is dropped.
“There has been significant breeding emphasis on feed varieties rather than malting, so it is a welcome addition for industry,” he says.
“With good premiums available I think this variety will certainly turn a few farmers’ heads.
“We’ve got a good commercial crop in the ground and demand for autumn 2025 is set to be strong.”
Buccaneer offers high yields with a good disease package.
It has a Recommended List untreated yield of 87%, and treated yield of 99%, putting it at the top of the table.
“The strong yield factor is critical for farmers
...More info on site
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World: Diageo launches new global ‘luxury assets’ division
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Diageo has introduced a new global division to combine ‘luxury assets’ into one portfolio including brands such as Brora and Port Ellen, Drinks International reported on November 12.
The new division will be responsible for chartering luxury strategy and accelerating the growth of brands that retail at USD$100 and above, in partnership with its respective brand stewards globally.
Led by Julie Bramham, former global brand director of Johnnie Walker, existing colleagues within marketing, sales and commercial teams have been aligned under new strategy and leadership, as the Diageo Luxury Group aims to become “the number one luxury spirits company in the world”, the company said.
The Diageo Luxury Group will encompass Diageo’s 15 brand homes and distillery visitor experience, including Johnnie Walker Princes Street and wine business Justerini & Brooks.
It will also focus on key influential cities around the world, global travel and Great Britain's market.
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Russia: Baltika Brewing in talks to buy two large Russian beer maker
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Baltika Brewing Company LLC is holding negotiations to buy two large breweries in Chuvashia and Tatarstan, Buket Chuvashii and Bulgarpivo, business daily Vedomosti reported on November 14, citing three sources familiar with the progress of the talks.
Baltika is interested in Buket Chuvashii primarily because it has its own malt production, one of the sources told the paper.
The deal is already in the approval process at the Federal Antimonopoly Service (FAS).
The sources did not specify the price. Analysts estimate the two breweries are worth about 3 billion rubles, the paper said.
Baltika's press service declined to comment, and Buket Chuvashii, Bulgarpivo and the FAS did not respond to questions, Vedomosti said.
Buket Chuvashii, which opened in 1974, has capacity to produce over 80 million liters of beer annually. It also produces barley and rye malt, kvas and other products, and operates 22 stores under the Diky Los brand.
Bulgarpivo, which was founded in Naberezhnye Chelny in 1981, is the "largest brewery in the Kama region," according to its website. The brewery makes 40 types of products, including beer, kvas, nonalcoholic beverages, and mineral and drinking water, and has capacity to produce 130 million liters per year.
The Tatarstan division of Russia's Federal Tax Service, which
...More info on site
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Vietnam: Special consumption tax on alcoholic beverages requires careful study – economists
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Further comprehensive and in-depth studies must be carried out to fully evaluate the impact of a proposed tax increase on alcoholic beverages, said participants at a conference to gather opinions and feedback on the proposed tax organised by the Vietnam Economic Association (VEA) in Hanoi on November 14.
Economists and industry experts said a balanced approach is required in implementing the changes to Vietnam's special consumption tax law, which will see tax double for alcoholic beverages from 2026 to 2030.
Professor Chu Van Lam, vice president of the VEA, said the industry has considered the tax hike as a pressing issue, garnering attention from all players in the industry and other related industries.
Lam said opponents of the tax hike are raising significant concerns, including the lack of a comprehensive study on how different tax rates will affect the industry in the short, medium and long term.
"Only after studying different scenarios can we determine the optimal approach to ensure the feasibility of our objectives," he said.
The VEA stressed the importance of treading slowly, given the current economic context, in order to improve public health and quality of life as well as the ability of businesses to adapt.
Vu Sy Cuong, a lecturer from the
...More info on site
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UK: Kingfisher Ultra beer coming to the UK
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Kingfisher Drinks is launching Kingfisher Ultra, its premium world beer (ABV 5%), in the UK, KamCity reported on November 11.
Kingfisher Ultra debuted in India fifteen years ago and is now one of the country’s fastest-growing beer brands, with a compound annual growth rate of 20% between 2021-2023. It is brewed with a six-step filtration process and no additives, giving the liquid a natural golden hue. A distinct and stylish clear glass bottle and unique pull-crown lid add a premium look and feel.
The company noted that consumers are generally drinking less but better these days, so Ultra responds to that need. In India, the brand has built its reputation on tapping into premium associations, such as sponsoring premium festivals, fashion shows, and other top end events, which typically attract more affluent consumers.
Andy Sunnucks, Senior Brand Manager at Kingfisher Drinks, said: “We are delighted to introduce Kingfisher Ultra to the UK market. Those who have been lucky enough to try it in India will know that it is the gold standard! In fact, since launching in its home market back in 2009, Kingfisher Ultra has taken India by storm, becoming a bedrock of premium occasions, so we’re excited to confirm that it’s
...More info on site
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