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E-Malt.com Newsletter 12a
March 21 - March 23, 2022
Quote of the Week
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Paulo Coelho
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Currency Rates
Base Currency: US Dollar
on March 23, 2022 |
Base Currency: Canadian Dollar
on March 23, 2022 |
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1 USD = 0.9082 EUR
1 USD = 0.7572 GBP
1 USD = 1.2587 CAD
1 USD = 1.3466 AUD
1 USD = 120.5370 JPY
1 USD = 4.9274 BRL
1 USD = 105.4580 RUB
1 USD = 6.3626 CNY
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1 CAD = 0.7943 USD
1 CAD = 0.6014 GBP
1 CAD = 0.7214 EUR
1 CAD = 1.0696 AUD
1 CAD = 95.7434 JPY
1 CAD = 3.9139 BRL
1 CAD = 83.7659 RUB
1 CAD = 5.0539 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Craft brewers bracing for higher barley prices
...Click here
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North America: Canada’s feed barley deficit to be compensated by imports of US Yellow Corn
...Click here
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USA, WI: Milwaukee Brewing Company puts itself up for sale
...Click here
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USA, PA: Dublin Brewing to open new brewery in Downingtown this summer
...Click here
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USA, FL: EST.33 Thai Craft Brewery and Kitchen offering new experience in Miami
...Click here
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USA, CO: WeldWerks Brewing scraps plans for second taproom in Colorado Springs
...Click here
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World: Russia’s invasion of Ukraine triggers domino effect on agricultural commodities prices
...Click here
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EU & UK: Analysts see potential for a slight barley crop rebound in 2022
...Click here
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Argentina: Good barley crop outcome provides valuable supply for South America and rest of the world
...Click here
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India: Diageo invests ₹200 crore in its craft spirits project
...Click here
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Ukraine: Spring crop sowing area may more than halve this year – Agriculture Minister
...Click here
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Ethiopia: BGI planning to keep and rejuvenate Meta beer brand
...Click here
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Spain: Heineken could halt distribution if truck drivers’ protest continues
...Click here
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Costa Rica: Owners of bars and restaurants fear an increase in beer prices
...Click here
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Graph of the Week
Table of the Week
US Beer Sales, Import, and Export 2013 - 2021
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
21 March
1868 - In London, the prospectus for the earliest known mutual fund is published as the Foreign and Colonial Government Trust offers its shares to the public for 85 pounds sterling
1906 - John D Rockefeller III is born, billionaire philanthropist (oil)
1986 - 199.22 million shares traded in New York Stock Exchange
1986 - Pittsburgh Associates buy Pittsburgh Pirates for $218 million
22 March
1895 - Auguste and Louis Lumiere show their 1st movie to an invited audience
1933 - Franklin D. Roosevelt makes wine and beer with up to 3.2% alcohol legal
1960 - 1st patent for lasers, granted to Arthur Schawlow and Charles Townes
23 March
1836 - Coin Press invented by Franklin Beale
1857 - Elisha Graves Otis installs the world's first safety elevator for passengers in the E.V. Haughwout and Co. store in New York City
1861 - London's 1st tramcars, designed by Mr. Train of New York, begins operating
1951 - Wages in France increase 11%
Agenda
March 2022:
24 - 26: Warsaw Beer Festival 2022 (Warsaw, Poland)
27 - 28: Planete Biere 2022 (Paris, France)
29 - 01 April: 2022 World Barley, Malt & Beer Conference (Antwerp, Belgium)
31 - 02 April: KIBEX 2022 (Seoul, South Korea)
31 - 02 April: InnBrew 2022 (Barcelona, Spain)
April 2022:
23 - 24: Zythos Beer Festival 2022 (Leuven, Belgium)
May 2022:
02 - 05: Craft Brewers Conference & BrewExpo America 2022 (Minneapolis, MN, USA)
05 - 05: World Beer Cup 2022 (USA)
11 - 13: Craft Beer China 2022 (Shanghai, China)
17 - 19: Expo Antad & Alimentaria Mexico 2022 (Expo Guadalajara, Jalisco, Mexico)
19 - 22: Mondial de la Biere 2022 (Montreal, Canada)
25 - 29: Latvia Beer Fest 2022 (Riga, Latvia)
29 - 01 June: The Brewers of Europe Forum & 38th EBC Congress (Madrid, Spain)
30 - 01 June: Brasil Brau 2022 (Sao Paulo, Brazil)
June 2022:
07 - 08: Bevexpo 2022 (Manchester, UK)
07 - 08: IGC Grains Conference 2022 (London, UK)
10 - 11: Tallinn Craft Beer Weekend 2022 (Tallinn, Estonia)
12 - 14: Bangkok Brewing Conference 2022 (Bangkok International Trade & Exhibition Centre (BITEC) Bangkok, Thailand)
August 2022:
11 - 13: VIETFOOD & BEVERAGE - VIETNAM 2022 (Saigon Exhibitions and Conventions Center. 799 Nguyen Van Linh Street, District 7, HoChiMinh City, Vietnam)
September 2022:
02 - 04: Finest Spirits 2022 (Munich, Germany)
12 - 16: Drinktec 2022 (Messe Muenchen, Munich, Germany)
17 - 03 October: Oktoberfest 2022 (Munich, Germany)
21 - 22: Beverage Industry. Beer and Soft Drinks Industry - 2022 (Expocenter of Ukraine, Kyiv, Ukraine)
27 - 29: 3rd VLB Africa Brewing Conference (VLB Virtual Campus)
October 2022:
06 - 08: The Great American Beer Festival 2022 (Denver, USA)
27 - 28: Sea Brew 2022 (Bangkok, Thailand)
November 2022:
22 - 23: 12th Iberoamerican VLB Symposium Brewing & Filling Technology 2022 (Uberlandia, Brazil)
December 2022:
07 - 09: Drink Technology India 2022 (Bombay Exhibition Centre, Mumbai, India)
07 - 09: Drink Japan 2022 (Makuhari Messe, Japan)
February 2023:
10 - 13: HoReCa 2023 (Athens, Greece)
20 - 23: Beer & Food Attraction 2022 (Rimini, Italy)
News Articles
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USA: Craft brewers bracing for higher barley prices
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As the Russia-Ukraine war continues, some craft breweries are bracing for higher barley prices, Quartz reported on March 22.
Brooklyn Brewery’s CEO Eric Ottaway said the price of a six-pack increased by 50 cents to a dollar over the past year, and prices will go up by a “similar amount again before the end of the year.” The craft brewer, which sells lagers, porters, IPAs, and other beers in more than 30 countries, said it raised prices by 5% to 6% in February.
Russia and Ukraine produce 13% and 5% of the world’s barley, respectively, according to a report from Rabobank, a Dutch financial services company. Together, the two countries account for 30% of global exports, with most of the grain used for feed. Most US-based microbreweries don’t source their barley directly from Ukraine, but the grain market is global, said Ottaway. So a shortage in one area affects prices everywhere, he said.
The craft beer industry has grown rapidly over the past two decades during which thousands of new, independent breweries and brewpubs have opened—to date there are close to 9,000 in the US.
The disruption to barley exports could hit these small breweries particularly hard, said Bart Watson, the chief economist at
...More info on site
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USA: US hops inventory up 6% in March 2022
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The inventory of hops held by US growers, dealers, and brewers on March 1, 2022 totaled 196 million pounds, up 6 percent from March 1, 2021 stocks inventory of 185 million pounds, USDA reported on March 16.
Stocks held at dealer and grower locations on March 1, 2022 totaled 160 million pounds. Stocks held by brewers totaled 36.0 million pounds.
Grower surveys are conducted in the three estimating States (Idaho, Oregon, and Washington) to collect stocks of hops held by growers. Additionally, contacts are made to collect stocks held by brewers and dealers.
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North America: Canada’s feed barley deficit to be compensated by imports of US Yellow Corn
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Canada’s huge feed barley deficit will be compensated by imports of up to 5.0 mln tonnes of U.S. Yellow Corn, H. M. Gauger GmbH
...More info on site
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USA, WI: Milwaukee Brewing Company puts itself up for sale
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The Milwaukee Brewing Company has put itself up for sale, according to a statement from an acquisition firm that specializes in food and beverage plant sales and dispositions, the Milwaukee Journal Sentinel reported on March 18.
New Mill Capital, a national acquisition and disposition firm, said in a statement Friday that "the board of directors of Milwaukee Brewing Company has engaged New Mill Capital to seek potential suitors for its downtown Milwaukee production brewery and ale house location including all equipment, intellectual property, and book of business as a going concern," according to a statement.
The sale would include the company's brewery operation at 1128 N. 9th St. near Fiserv Forum and the Milwaukee Ale House at 233 N. Water St. in the city's Historic Third Ward neighborhood.
In its statement, New Mill Capital said it is beginning the process of selling the company immediately and added that it is "focused on finding a strategic buyer for the assets and operation" of Milwaukee Brewing Co.
The brewery was founded in 1997.
New Mill Capital, in marketing materials on its website, says Milwaukee Brewing Company is the "nicest major microbrewery available in the country," and that it is located in "an amazing downtown Milwaukee
...More info on site
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USA, PA: Dublin Brewing to open new brewery in Downingtown this summer
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Dublin Brewing is planning to open a new brewery with a winery taproom this summer in an 11,500-square-foot space on Wallace Avenue in Downingtown, according to a report from Breweries in Pennsylvania.
Owner and brewer Brendan Fitzgerald, who was born in Ireland, aims to offer a variety of beer styles, such as Irish dry stouts, IPAs, saison, red ale, and lagers, along with some barrel-aged beers.
The brewery will first utilize around 6,000 square feet of the available space, with 2,500 of that being the taproom. Behind the taproom will be the brewhouse, fermentation, and a kitchen.
“I’m doing the fit-out myself as I am a contractor by trade,” said Fitzgerald. “I’m planning on doing this as an electric brewhouse to start.”
The taproom will feature a 30-foot bar with seating for around 20 people. Overall, it will be able to fit 200 patrons.
“In addition to the taproom and winery space, we will have a large room for events, seating around 30 people, and a room for games,” said Fitzgerald. “I would love to get some shuffleboard in there!”
The brewery will also offer healthy food and some Mediterranean fare. Fitzgerald aims to have as many local ingredients as possible.
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USA, FL: EST.33 Thai Craft Brewery and Kitchen offering new experience in Miami
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EST.33 Thai Craft Brewery and Kitchen in Miami is offering a new dining experience inspired by a harmonious blend of Eastern and Western cultures and the confluence of heritage and innovation. Located on the fourth floor of Brickell City Centre, the new restaurant features an extensive covered outdoor patio, bar and seven fermentation vessels in addition to seven serving tanks in its brewery housed in the interior of the restaurant, Brewbound reported on March 22.
Boon Rawd Brewery Company Limited, which produces Singha and Leo beers, is the first-ever and still number one brewer in Thailand and is excited to bring the EST.33 concept to Miami, the first opening outside of its home market. The name EST.33 is an homage to the start-up of the company’s brewery in Bangkok in 1933. Inspired by the flavors, aromas and tastes of Thailand, EST.33 features premium local and imported ingredients for a medley of exciting flavor combinations on a journey to becoming the next favorite of local craft brews.
EST.33’s most prized pints include Legend Lager ($7), favored in Thailand for its golden body, it’s a refreshing blend of malted barley and noble hops from Europe, perfect for humid climates; One and Only Kopper ($7),
...More info on site
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USA, CO: FlyteCo Brewing opening a second location
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Denver’s FlyteCo Brewing is opening a second location this summer that’s quite a departure from a traditional craft brewery. It will be a brewpub at a former 164-foot-tall airport control tower and have six bowling lanes, 18 holes of miniature golf and a wall-mounted 5-foot-tall, 6 ½-foot-wide Scrabble board, Forbes reported on March 23.
Co-owners Jason Slingsby and Eric Serani Aviation are private pilots, and aviation has been the theme of the brewery since it opened in March 2019 in the Mile High City’s Berkeley neighborhood. The brewery contains aviation-design elements, including a salvaged plane wing and a full-size replica of a Boeing 737 fuselage, and 10% of profits are donated to aviation scholarships, youth engagement programs and veterans’ organizations.
The brewpub will be about 10 miles east at Denver’s former airport, Stapleton International, which stopped operating commercial flights in 1995. The brewpub will operate in a space previously occupied by the Punch Bowl Social restaurant and entertainment complex, which featured bowling alleys, karaoke rooms, miniature golf and arcade games.
“The decision to pursue and open our second location was very much expedited when this property became available,” says FlyteCo Brewing’s other co-owner Morgan O’Sullivan. “It’s a once-in-a-lifetime opportunity that we couldn’t be
...More info on site
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USA, CO: WeldWerks Brewing scraps plans for second taproom in Colorado Springs
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Despite a steady period of explosive growth for one Colorado’s most successful rising breweries, WeldWerks Brewing announced a significant setback on March 22 after making the difficult decision to permanently end construction on what was planned to be their second taproom location in Colorado Springs, PorchDrinking.com reported.
The project was initially announced in April 2019 with plans to begin construction by July of that year taking over a 1,300 sq ft former diner located in Colorado Spring’s Old Colorado City neighborhood, just west of downtown at 3043 W. Pikes Peak Ave. WeldWerks’ second outpost never intended to include a brewhouse, but rather serve as an extension of the brewery’s taproom operations.
However, the project was hindered from out of the gate with what the brewery described as some bad design and project decisions, as well as a string of permitting and weather-related delays that continued to push the project in its first year. With the onset of the pandemic in 2020, the project was further delayed by supply chain constraints and labor shortages.
Even as recently as August 2021 the Greeley-based brewery felt optimistic about plans to move forward with their Colorado Springs location in a joint statement announcing their now opened restaurant
...More info on site
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World: Russia’s invasion of Ukraine triggers domino effect on agricultural commodities prices
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Russia’s invasion of Ukraine has triggered a prominent domino effect on the prices of agricultural commodities, with analysts forecasting critical impacts on both supply
...More info on site
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EU & UK: Analysts see potential for a slight barley crop rebound in 2022
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A small positive piece of news is the potential for a slight production rebound in the EU27+UK in crop 2022 – to 61.1 mln
...More info on site
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Argentina: Good barley crop outcome provides valuable supply for South America and rest of the world
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Argentina’s good crop 2021 outcome, at 5.2 mln tonnes, provides valuable barley supply for South America and an expanding global market, given the events
...More info on site
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India: Diageo invests ₹200 crore in its craft spirits project
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Diageo India has invested ₹200 crore in its craft spirits project and expects it to be one of the largest contributors to its premium
...More info on site
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Ukraine: Spring crop sowing area may more than halve this year – Agriculture Minister
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Ukraine's spring crop sowing area may more than halve this year from 2021 levels to some 7 million hectares, its Agriculture Minister Roman Leshchenko said on March 22, versus 15 million hectares expected before the Russian invasion, Reuters reported.
Ukraine is a major global agriculture producer and exporter, and the hostilities may sharply reduce the 2022 harvest and exports in the forthcoming 2022/23 season.
Its spring crop sowing forecast covers grains such as barley and corn, as well as other crops such as sugar beet, sunflowers and soybeans.
"The adjusted plan currently stands at 7 million hectares. We have actually corrected (the initial plan) by half. There will be less corn," Leshchenko told Reuters.
"We have large stocks of corn, and how to export it later is a very difficult question."
He said farmers could sow up to 3.3 million hectares of corn this year versus 5.4 million hectares in 2021.
Leshchenko said the ministry had urged farmers to sow more spring wheat, buckwheat, oats, millet and spring barley. He gave no forecast for the sown area of those specific crops, but said overly dry weather could affect the sowing.
"Today, the issue of food security is at the forefront," the minister said.
Ukraine sowed only 176,000 hectares
...More info on site
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Ethiopia: BGI planning to keep and rejuvenate Meta beer brand
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BGI reveals plans to channel its expertise and experience to keep and rejuvenate the brand Meta and rekindle the passion of the staff at Meta Brewery, according to the source who preferred to remain anonymous, The New Business Ethiopia reported on March 20.
The comment came after some community members in Sebeta area in Oromia region expressed their fear that BGI Ethiopia may abandon Meta brand after concluding the acquisition of the brewery.
The source said “BGI knows how to smoothly integrate a company to itself, keeping an eye to the interests of key stakeholders, ensuring that the concerns of all key stakeholders are attended to.”
In particular, Meta’s employees and the community in Sebeta will continue to enjoy all existing benefits; while they should also expect reasonably significant improvements, according to a source at BGI Ethiopia.
“This is well in line with BGI’s well-reputed CSR activities that have reached out to communities elsewhere around its breweries and beyond,” the source said.
“BGI’s purchase brings good tidings to the brand Meta, to employees and distributors as well as to the larger Sebeta community. The purchase opens new doors to the brand, employees and the Sebeta community.”
BGI looks forward to launching its investment and CSR activities
...More info on site
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Spain: Heineken could halt distribution if truck drivers’ protest continues
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Dutch brewer Heineken NV said on March 22 it could halt distribution in Spain if a week-long truck drivers’ protest continues, AJOT.com reported.
Heineken will be “unable to serve its products to commercial surfaces, bars and restaurants and to stock up on raw materials, due to the violent protests that prevent the normal operations of the company,” it said in a statement.
Heineken produces and distributes several alcoholic beverages in Spain, including the popular Cruzcampo beer brand.
Spanish brewer Mahou San Miguel is also having difficulties carrying out its operations in the southern European country, Europa Press reported, citing unnamed company officials.
Several Spanish truckers’ unions began an indefinite strike on March 14 over soaring fuel prices and poor working conditions, disrupting supply chains across a range of sectors. The Spanish government on Monday, March 21 pledged to provide 500 million euros ($549 million) in direct aid to help lower fuel costs for truck drivers.
Danone SA warned on March 22 that it will have to temporarily halt operations in Spain within 24 hours if the protests continue. Inditex SA, the world’s largest clothing retailer, said on the website of its Zara brand that some deliveries in Spain may be delayed.
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Costa Rica: Owners of bars and restaurants fear an increase in beer prices
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Costa Rica’s owners of bars and restaurants predict an increase in the price of beers and “bocas” (snacks), due to the recent rise in the cost of raw materials, QCOSTARICA reported on March 21.
Due to the crisis caused by Russia’s invasion of Ukraine, increases have been announced in the price of fuel, electricity, pork and chicken, rice, oil, beans, pasta, eggs, wheat and many other products.
José Francisco Quesada, President of the Asociación Costarricense de Bares y Restaurantes (ASOBAREST) – Costa Rican Association of Bars and Restaurants, said that businesses premises already are feeling the increase in costs.
Quesada stated that increases are passed on to the consumers.
Year-on-year inflation in Costa Rica increased 4.90%, being the second highest variation in the last 10 years.
Added to the situation due to Russia’s invasion of Ukraine are the increases in the cost of maritime freight, the dollar exchange rate and the increase in the international price of oil.
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Uganda: Tax revenue from alcohol drops in February
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Administrative challenges in effective implementation of the digital tax tracking system coupled with lower than anticipated consumption of alcoholic drinks such as beer, spirits, wines and non-beer beverages affected tax collection during February, according to Uganda’s Ministry of Finance Performance of the Economy report, the Monitor reported on March 23.
In details contained in the February report, the Ministry of Finance noted that tax collections were lower than targets due to shortfalls in Excise Duty and Value Added Tax (VAT) resulting from challenges in proper implementation of some digital tracking systems and difficulties encountered in the roll out of the Electronic Fiscal Receipting and Invoicing System.
“Indirect domestic tax collections were affected by underperformance by Excise Duty and VAT. Excise Duty collections were affected by administrative challenges in effective implementation of the digital tracking system coupled with lower than anticipated consumption of items such as beer, spirits, wines and near beer beverages. Similarly, collections for VAT were affected by roll out difficulties of the Electronic Fiscal Receipting and Invoicing System,” the report said, noting that during February tax collection shortfalls stood at Shs86.06b.
During the period, both tax revenue and grants were lower than targeted, realising Shs1.672 trillion against the
...More info on site
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