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E-Malt.com Newsletter 33a
August 16 - August 18, 2021
Quote of the Week
If you believe it'll work out, you'll see opportunities. If you don't believe it'll work out, you'll see obstacles.
Wayne Dyer
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Currency Rates
Base Currency: US Dollar
on August 18, 2021 |
Base Currency: Canadian Dollar
on August 18, 2021 |
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1 USD = 0.8514 EUR
1 USD = 0.7257 GBP
1 USD = 1.2612 CAD
1 USD = 1.3733 AUD
1 USD = 109.4100 JPY
1 USD = 5.2673 BRL
1 USD = 73.4533 RUB
1 USD = 6.4811 CNY
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1 CAD = 0.7928 USD
1 CAD = 0.5753 GBP
1 CAD = 0.6750 EUR
1 CAD = 1.0887 AUD
1 CAD = 86.7400 JPY
1 CAD = 4.1757 BRL
1 CAD = 58.2315 RUB
1 CAD = 5.1380 CNY
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Currency Rates Chart
Equities of the Largest Breweries
North America: Extremely problematic weather keeps pressure on barley production forecasts
...Click here
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Canada: Barley exports forecast down 40% from last month
...Click here
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USA, WA: Common Language Brewing Co. getting ready to open in Spokane
...Click here
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USA, OH: Earnest Brew Works to open new taproom and small-batch facility in downtown Toledo
...Click here
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Canada: Distillers pushing for changes to ‘crushingly high’ federal tax on liquor
...Click here
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USA, WI: Wizard Works Brewing Company already open in Milwaukee
...Click here
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China: China Resources Beer’s first-half net profit more than doubles, beer sales up 4.9%
...Click here
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World: Carlsberg raises full-year earnings forecast on sales above expectations in Q2
...Click here
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France: Wheat harvest showing uneven results, barley should meet malting requirements – farm office
...Click here
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South Korea: Beer sales at Korea’s convenience stores changed by rise of local craft beer and boycott of Japanese products
...Click here
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Australia: Barley exports success in 2020/21 may not sustain its current pace in following years
...Click here
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Germany: Slow harvest progress makes barley markets nervous
...Click here
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Spain: Barley crop estimate 20.8% lower than last year
...Click here
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World: Beam Suntory reports 12% net sales increase in H1 2021
...Click here
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Croatia: Garden Brewery launches Croatia’s first zero-alcohol craft beer
...Click here
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Graph of the Week
Table of the Week
EU and UK Spring Malting Barley Supply & Demand Balance
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
16 August
1870 - Fred Goldsmith demonstrates curve ball isn't an optical illusion
1930 - The first color sound cartoon, called Fiddlesticks, is made by Ub Iwerks
1955 - Fiat Motors orders 1st private atomic reactor
1991 - Belgium census is 10,000,963 inhabitants
17 August
1802 - In one of history's greatest acts of inventive daring, Robert Fulton launches his new steamboat from the north shore of Manhattan
1998 - The Russian government devalues the ruble and declares a moratorium on paying its foreign debt, a de facto default that sends the global bond markets crashing, triggers the collapse of the giant U.S. hedge fund Long-Term Capital Management and sends shockwaves through the world's financial system
18 August
1868 - French astronomer Pierre Janssen discovers helium
1904 - Max Factor Jr was born, CEO (Max Factor Cosmetics)
1937 - 1st FM radio construction permit issued (W1X0J (WGTR) in Boston MA)
1952 - Patrick Swayze was born in Houston Texas, actor/dancer
1960 - 1st photograph bounced off a satellite, Cedar Rapids, Iowa
Agenda
August 2021:
24 - 26: 2nd VLB Africa Brewing Conference (Online)
September 2021:
01 - 21 November: Brussels Beer Challenge 2021 (Brussels, Belgium)
09 - 12: Craft Brewers Conference & BrewExpo America 2021 (Denver, Colorado, USA)
16 - 18: Zurich Bier Festival 2021 (Zurich, Switzerland)
17 - 20: The International Beer Cup 2021 (Yokohama, Japan)
21 - 23: 11th Ibero-American VLB Symposium (Online)
22 - 24: Beer and Soft Drinks Industry 2021 (Kyiv, Ukraine)
23 - 25: Stockholm Beer & Whisky Festival 2021 (Stockholm, Sweden)
30 - 02 October: Stockholm Beer & Whisky Festival 2021 (Stockholm, Sweden)
October 2021:
07 - 10: Mondial de la Biere 2021 (Montreal, Canada)
13 - 15: Drink Japan 2021 (Makuhari Messe, Japan)
17 - 20: 14th International Trends in Brewing 'Beer & Society' 2021 (Leuven, Belgium)
18 - 20: Expo Antad & Alimentaria Mexico 2021 (Mexico City, Mexico)
20 - 22: drink technology India 2021 (Mumbai, India)
22 - 23: Copenhagen Beer Festival 2021 (Copenhagen, Denmark)
November 2021:
04 - 09: The European Beer Star 2021 (Munich, Germany)
04 - 05: Sea Brew 2021 (Taipei, Taiwan)
December 2021:
07 - 08: Brewers Congress 2021 (The Brewery, 52 Chiswell Street, London, UK)
February 2022:
11 - 14: HoReCa 2022 (Athens, Greece)
15 - 17: Brasil Brau 2022 (Sao Paulo, Brazil)
20 - 23: Beer & Food Attraction 2022 (Rimini Expo Centre, Rimini, Italy)
March 2022:
09 - 12: Festival Brasileiro da Cerveja 2022 (Blumenau, Brazil)
29 - 31: Beviale Moscow 2022 (Moscow, Russia)
April 2022:
01 - 01: Zythos Beer Festival 2022 (exact dates to be confirmed) (Leuven, Belgium)
May 2022:
05 - 05: World Beer Cup 2022 (USA)
11 - 13: Craft Beer China 2022 (Shanghai, China)
29 - 01 June: The Brewers of Europe Forum & 38th EBC Congress (Madrid, Spain)
June 2022:
07 - 08: Bev Expo 2022 (Manchester, UK)
10 - 11: Tallinn Craft Beer Weekend 2022 (Tallinn, Estonia)
News Articles
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North America: Extremely problematic weather keeps pressure on barley production forecasts
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The situation in North America remains extremely problematic and barley production estimates are being adjusted lower again, RMI Analytics reported.
Canada’s crop forecast is down
...More info on site
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Canada: Barley exports forecast down 40% from last month
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Hot and dry weather in the provinces of Alberta and Saskatchewan has sharply reduced prospects for barley. With smaller supplies, exports for 2021/22 (October-September)
...More info on site
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USA, WA: Common Language Brewing Co. getting ready to open in Spokane
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A space that was once home to the Spokane Daily Chronicle’s newspaper presses will soon gain new life as a brewery, The Spokesman-Review reported on August 17.
Sean Owens – a former veterinarian and retired professor from the University of California, Davis School of Veterinary Medicine – and five business partners have leased a 3,500-square-foot, first-floor space at 926 W. Sprague Ave. in downtown Spokane.
Renovations are underway to convert the space formerly occupied by River Rock Taphouse into Common Language Brewing Co.
Owens aims to make Common Language Brewing Co. a welcoming and inclusive place that supports career advancement of women, people of color and the LGBTQIA community in the craft beer industry.
“Obviously, we want to make great beer, but also be an agent for change and diversity in the profession,” Owens said. “We also want to be a research place for students to train how to make beer.”
The brewery plans to donate a significant portion of sale proceeds to organizations that support women, children and BIPOC – Black, Indigenous and people of color – communities, he added.
Common Language Brewing ‘s co-founders include Jeremy Johnson, chief financial officer; Chris Durrant, chief technology engineer; Alex Lowrie, chief educational officer; Dallas Hobbs, director of
...More info on site
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USA, OH: Earnest Brew Works to open new taproom and small-batch facility in downtown Toledo
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South Toledo's Earnest Brew Works said on August 16 it will open its new downtown taproom and small-batch facility next week, and is on track to unveil a larger production facility and taproom off Byrne Road next year, the Toledo Blade reported.
The downtown location, at 25 S. St. Clair — formerly home of Seed Coworking — will host its grand opening from 3 p.m. to 9 p.m. on Aug. 25. To celebrate, Toledo Mayor Wade Kapszukiewicz will tap a large cask of beer, known as Kilderkin, the brewery said in an announcement.
Earnest said the new spot is modeled after the original, at 4342 S. Detroit Ave., including the casual atmosphere and allowing carry-in food. Hours will be 4-10 p.m. Thursdays, 2-11 p.m. Fridays, and noon to 11 p.m. Saturdays, plus opening whenever the Mud Hens and Walleye play home games.
The downtown location, under construction since February, will brew small-batch experimental and limited-release beers while also serving its normal lineup of brews. To-go DORA cups and six-packs will be available.
Earnest, founded in 2016, also said Monday it has begun renovating a former Kroger, at 1415 Byrne Rd., with the goal of turning it into a 20-barrel production facility and taproom sometime
...More info on site
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Canada: Distillers pushing for changes to ‘crushingly high’ federal tax on liquor
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Some of the most famous names in Canadian liquor have teamed up with craft distillers to push for a cut to what they call “crushingly high” federal taxes on spirits that put the industry at a disadvantage compared to rivals in other countries, the Regina Leader-Post reported on August 17.
The spirits industry has for years complained of an unfair tax burden, but this newly formed coalition of small and large players is hoping to turn the plight of craft distilleries into a federal election issue.
They argue that the federal excise tax on spirits — about C$4 per standard bottle — is “tone deaf” and holds back the fledgling micro-distillery industry from the sort of explosive growth that micro-brewers have enjoyed for years.
“We’re having a hard time competing when we’re paying such an exorbitant amount of tax,” said Tyler Dyck, chief executive at Kelowna, B.C.-based Okanagan Spirits Craft Distillery, who is leading the Lift Canada’s Spirits coalition. “Obviously, we want to get this in front of all the federal leaders.”
A reduction in tax revenues could be a tough sell during an election cycle that is expected to focus on unprecedented levels of government spending on pandemic support and recovery.
The coalition, however,
...More info on site
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USA, WI: Wizard Works Brewing Company already open in Milwaukee
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Wizard Works Brewing Company in Milwaukee is a new brewery owned by Chris Ragaisis, WTMJ-TV reported on August 17.
"Well I've been wanting to do this since my 20s. My very first brew company that I went to was a brew pub in the 80s in Denver. It was such an amazing experience. So, I wanted to do this too," said Ragaisis.
Ragaisis started his career brewing at home. He has his own style that is unique at his brewery.
"You come on down the stairs into the basement, and we brew everything on a seven-barrel system. I focus on traditional beers, and I brew to style, so our Pilsner is a true hoppy, and the Indian Pale Ale is a real English IPA. We want to make things that are classic beers," said Ragaisis.
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China: China Resources Beer’s first-half net profit more than doubles, beer sales up 4.9%
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In the first half of 2021, China Resources Beer's net profit more than doubled to 4.29 billion yuan (HK$5.15 billion) and its dividend payout
...More info on site
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World: Carlsberg raises full-year earnings forecast on sales above expectations in Q2
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Danish brewer Carlsberg raised its full-year earnings guidance on August 18 after reporting second-quarter sales above expectations as beer volumes exceeded pre-pandemic levels.
The world's
...More info on site
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France: Wheat harvest showing uneven results, barley should meet malting requirements – farm office
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This year's rain-affected French soft wheat harvest was showing uneven results for test weights, a key measure of milling quality, farm office FranceAgriMer said
...More info on site
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South Korea: Beer sales at Korea’s convenience stores changed by rise of local craft beer and boycott of Japanese products
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The boycott of Japanese products, which began in South Korea in July 2019 with the Japanese government's export control, changed the sales of convenience stores' canned beer, the New Kerala reported on August 17.
Even now, two years after the boycott, the convenience store industry continues to see a decline in sales of Japanese beer, so orders are almost cut off.
Some industry believe that it is not because of the boycott, but because Korean domestic craft beer products, which are mostly targeting young people, have gained popularity.
According to South Korean chain of convenience stores GS25, sales of Japanese beer decreased by 90.2% year-on-year in the first half of 2020, whereas the first six months of this year saw a 91.2% drop versus the same period last year.
Convenience store chain CU's sales of Japanese beer declined 1.3% year-on-year in the first half of 2019, before the boycott, but in the second half of 2019, sales dropped every month: -88.5% in August 2019, -92.2% in September, -91.7% in October, -93.1% in November, and -93.8% in December 2019.
In the first half of 2020, it was -96.1% year-on-year and continued to decline with -13.1% in the first half of this year. However, overall sales of
...More info on site
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Australia: Barley exports success in 2020/21 may not sustain its current pace in following years
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Prior to China’s Commerce Ministry imposing an 80.5% duty on Australian barley in May 2020, China accounted for approximately two-thirds of Australia’s barley exports.
...More info on site
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Germany: Slow harvest progress makes barley markets nervous
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The German south and west have been impacted by heavy rains, storms and floods. Harvest progress is slow, yields, test weight and grain size
...More info on site
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Spain: Barley crop estimate 20.8% lower than last year
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Cooperativas Agro-Alimentarias issued their second crop estimate for Spain, at 9.435 mln tonnes of barley, 20.8% less than last year, H. M. Gauger GmbH
...More info on site
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World: Beam Suntory reports 12% net sales increase in H1 2021
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Beam Suntory, a world leader in premium spirits, reported results for the first half of 2021, reflecting a stronger-than-expected rebound in key markets and
...More info on site
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Croatia: Garden Brewery launches Croatia’s first zero-alcohol craft beer
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Zagreb-based Garden Brewery has presented Croatia’s first zero-alcohol craft beer, the Croatia Week reported on August 17.
The Garden Brewery’s Double Dry Hopped IPA was created in partnership with alcohol-free craft beer pioneers Coast Beer Co from Scotland.
“Unlike many alcohol-free beers, Double Dry Hopped IPA features huge amounts of classic hops (Citra, Simcoe and Mosaic) for the perfect balance of flavour and drinkability; with the juicy flavour and aroma we love so much,” The Garden Brewery said.
“It’s hazy, hoppy and refreshing – and at 0.0% ABV, endlessly sessionable.”
Late last year, The Garden Brewery was named the best brewery in the EU for the second year in a row by beer club Beer52.
Since opening around five years ago, The Garden Brewery has been spreading the story of Croatian craft brewing all over the world, recently adding China to the list of countries to which it exports.
In addition to exporting to the UK, France, Germany, Denmark, Belgium, the Netherlands, Norway, Poland, Spain, Portugal, Luxembourg, Australia New Zealand, Estonia, Macedonia, and Bulgaria, they are present in Malaysia, Ireland, Singapore, Thailand, Japan, Malta, Greece, and the United Arab Emirates.
The new non-alcoholic Double Dry Hopped IPA is available on the brewery’s webshop.
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