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RombBullet Quote of the week
RombBullet Currency rates
RombBullet Brewers equities
RombBullet Industry news
RombBullet Graph of the week
RombBullet Table of the week
RombBullet Prices evolution
RombBullet Barley prices
RombBullet Theoretical malt prices
RombBullet Business history
RombBullet Agenda
RombBullet News articles






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E-Malt.com Newsletter 17a
April 25 - April 27, 2022


Quote of the Week

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Ralph Abernathy

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Currency Rates


Base Currency: US Dollar
on April 27, 2022
Base Currency: Canadian Dollar
on April 27, 2022
      1 USD = 0.9361 EUR
1 USD = 0.7889 GBP
1 USD = 1.2763 CAD
1 USD = 1.3932 AUD
1 USD = 127.5660 JPY
1 USD = 4.9247 BRL
1 USD = 74.6967 RUB
1 USD = 6.5488 CNY
      1 CAD = 0.7834 USD
1 CAD = 0.6180 GBP
1 CAD = 0.7333 EUR
1 CAD = 1.0914 AUD
1 CAD = 99.9343 JPY
1 CAD = 3.8579 BRL
1 CAD = 58.5168 RUB
1 CAD = 5.1303 CNY

Currency Rates Chart


Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Malt news Canada & Australia: United Malt Group expects annual earnings to be hit by a range of costs ...Click here
Brewery news Mexico: Constellation Brands to invest $1.3 bln in a new plant in Veracruz ...Click here
Barley news Canada: 2022-23 barley outlook is for sharply lower carry-in stocks and larger production ...Click here
Brewery news USA, NY: Wayland Brewing Company announces summer 2022 opening in Orchard Park ...Click here
Brewery news USA: Boston Beer Company reports Q1 financial results ...Click here
Brewery news USA, OH: Saucy Brew Works expanding to Sandusky ...Click here
Brewery news USA: Peroni Nastro Azzurro launches ambitious marketing campaign to gain more imported beer market share ...Click here
Brewery news USA, NJ: Gearblock Brewing Company becomes Waldwick’s first brewery ...Click here
Brewery news USA, KY: 16 Lots Brewing Company opening second location at Newport on the Levee ...Click here
Brewery news USA, VA: Strangeways Brewing one step closer to opening in Williamsburg ...Click here
World News
Malt news World: Malt contracts negotiations must take into account barley availability as well as cost of energy and transport - analysts ...Click here
Barley news EU: Barley production forecast to increase to 54 mln tonnes in 2022/23 ...Click here
Brewery news India: United Breweries sees net profit increase in quarter to end March 2022 ...Click here
Barley news Australia: Barley crop estimate for 2022 lower at 10.5 mln tonnes ...Click here
Brewery news Ukraine: First-quarter beer and malt production half of what was produced in Q1 2021 ...Click here
Barley news Argentina: Barley crop 2022 estimated at up to 5.8 mln tonnes ...Click here
Brewery news Brazil: Ambev to build sustainable glass plant in Parana ...Click here
Brewery news Japan: Asahi to raise prices for its Super Dry beer and other beverages for the first time in years ...Click here
Barley news Ukraine: Ukraine sows 3.02 mln ha of main agricultural crops of the 14.4 mln planned ...Click here
Graph of the Week


Table of the Week

Africa Barley Imports, Production, Consumption, and Stocks


Table of the week.

Prices Evolution

Prices evolution

Barley Prices



Theoretical Malt Prices



These Days in Business History


25 April
1905 - World's largest diamond, Cullinan - 3106 carets, found in South Africa
1931 - Pynchon & Co., one of the Wall Street's largest and most prestigious brokerage firms, goes bust, with $40 million in liabilities -- the biggest failure of a brokerage yet on record
1955 - Columbia U scientists develope an atomic clock accurate to within one second in 300 years

26 April
1755 - 1st Russian university opens (Moscow)
1887 - Huntsville Electric Co forms to sell electricity
1904 - Bell Telephone Company of Antwerp Belgium forms
1970 - The Convention Establishing the World Intellectual Property Organization enters into force

27 April
1914 - W. H. Carrier patents air conditioner
1925 - Netherlands and Great Britain return to gold standard
1981 - Xerox PARC introduces the computer mouse
2005 - Airbus A380 makes its first flight from Toulouse, France


Agenda

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: IGC Grains Conference 2022 (London, UK)
07 - 08: Bevexpo 2022 (Manchester, 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)

More events are available on site e-malt.com

News Articles


Malt newsCanada & Australia: United Malt Group expects annual earnings to be hit by a range of costs
United Malt Group Ltd.'s annual earnings will be hit by a range of costs including from global supply-chain disruptions, tighter labor markets and drought ...More info on site


Brewery newsMexico: Constellation Brands to invest $1.3 bln in a new plant in Veracruz
Constellation Brands has announced the construction of a plant in Veracruz. The company said they will invest $1.3 billion in the construction of the ...More info on site


Barley newsCanada: 2022-23 barley outlook is for sharply lower carry-in stocks and larger production
For 2021-22, the Canadian barley supply and demand situation includes sharply lower carry-in stocks, production and supply, as well as significantly reduced domestic feed ...More info on site


Brewery news USA, NY: Wayland Brewing Company announces summer 2022 opening in Orchard Park
Wayland Brewing Company announces a summer 2022 opening in Orchard Park, NY. The business will feature a brewery, restaurant, and bar with seating for approximately 125 guests, as well as a contemporary event hall capable of accommodating large weddings & events. Plans also call for a shaded courtyard with fire pits and comfortable seating. The brewery will maintain several long standing community traditions, with bocce tournaments on their regulation size court and a weekly bingo night, Brewbound reported on April 21.

The restaurant will serve a menu inspired by Belgian and German beer culture, featuring light snacks, a variety of house-made sausages, and Belgian frites. The 20-barrel brewery will produce a rotating range of thoughtful beers to pair with the menu, including bright, hoppy ales and classic European lagers, among others. In addition to traditional beer styles, the brewery will produce specialties such as mixed fermentation and barrel-aged beers. Beer will primarily be offered on draft, with limited quantities available in cans to-go, and at select local establishments and retailers.

The partners behind Wayland Brewing Company include Chef Brad Rowell and Caryn Dujanovich who are behind restaurants The Grange Community Kitchen (Hamburg, NY), West Rose (Ellicottville, NY) and The Grange Outpost ...More info on site


Brewery news USA: Boston Beer Company reports Q1 financial results
The Boston Beer Company, Inc. on April 21 reported financial results for the first quarter ended March 26, 2022. Key results were:

First quarter depletions decreased 7% and first quarter shipments decreased 25.1% compared to the quarter ended March 27, 2021.

First quarter net revenue of $430.1 million decreased 21.1% compared to the net revenue realized in the first quarter of 2021.

First quarter gross margin of 40.2% was 5.6 percentage points below the 2021 first quarter margin of 45.8%.

First quarter operating expenses of $175.1 million increased 1.2% compared to the first quarter of 2021.

First quarter net loss of $2.0 million or $0.16 per diluted share, decreased from net income of $65.6 million or $5.26 per diluted share in the first quarter of 2021. This change between periods was primarily driven by decreased net revenue and gross margins.

Full-year depletion and shipment growth continues to be estimated at between 4% and 10%.

"Despite our depletions decline, we gained dollar share in measured off-premise channels in the first quarter – the second-largest share gain among brewers," said Chairman and Founder Jim Koch. "The out-of-stock issues that affected our first quarter performance have improved during the quarter, setting us up for additional growth over the rest ...More info on site


Brewery news USA, OH: Saucy Brew Works expanding to Sandusky
Saucy Brew Works keeps expanding, Cleveland.com reported on April 21.

The brewery, whose flagship location in Cleveland’s Hingetown neighborhood opened in 2017, is expanding to Sandusky and partnering with chef Andrew Gorski. Target opening date is this summer.

The latest Saucy will have both beer and coffee in a spot that formerly housed Zinc Brasserie and Boom Town Coffee on East Water Street. Initially, the space will accommodate interior seating for more than 140 customers including 20 seats in the coffeehouse, plus patio seating for 44. It will be open seven days a week.

The new location – 60 miles west of the Hingestown spot - will have Saucy’s signature New Haven-style apizza plus appetizers, sandwiches and casual dining plates.

It also will maintain a pilot brewing system “for small batch releases exclusive to Sandusky,” co-founder Eric Anderson said in a release. Anderson worked at Butcher and the Brewer prior to Saucy.

Gorski has a wealth of culinary experience, formerly working as executive chef of Tremont Taphouse and Parker’s Downtown among other restaurants outside of Ohio. He also worked with Saucy on the brewpub’s original menu in 2017.

The bar also will feature fine wines and signature cocktails designed to pair with Gorski’s menu offerings.

Saucy’s presence ...More info on site


Brewery news USA: Peroni Nastro Azzurro launches ambitious marketing campaign to gain more imported beer market share
While nearly all of the growth in imported beer comes from Mexican brands like Modelo Especial, Dos Equis, and Pacifico, Italian beer brand Peroni Nastro Azzurro has launched an ambitious marketing campaign to set itself up as a leader for the rest of the import category. The brand, owned by Molson Coors Beverage Company, has set a short-term goal of doubling volume by 2025 and a pie-in-the-sky, long-term hope of becoming a 1-million-barrel brand in the U.S, the Good Beer Hunting reported on April 22.

Thanks to a well-funded marketing effort and distribution into new locations, Peroni did double its sales volume from 2017-2021, but would need to increase at a rate reserved for the fastest-growing brands in the country to double again between 2021-2025. The brand would also need to sell 10 times more beer than it currently does to reach 1 million BBLs. Drinkers bought about 93,000 BBLs of Peroni in 2021 through chain retail, and the company says about 40% of volume additionally comes from draft sales.

Still, these goals represent a serious effort to capitalize on interest in imports beyond Mexican Lager. Peroni’s growth would likely come at the expense of its major European beer competitors such as ...More info on site


Brewery news USA, NJ: Gearblock Brewing Company becomes Waldwick’s first brewery
Waldwick’s first brewery, Gearblock Brewing Company, has opened, northjersey.com reported on April 25.

It will host its official ribbon-cutting ceremony at 1 p.m. on April 29, and the doors will open to the public at 4 p.m., though it quietly opened last week for friends and family and whoever happened to pass by.

“It’s amazing that we had so much foot traffic,” said Tony Romano, who owns Gearblock with his Uncle Ronnie — Ronald Cavaliere. “We had a lot of people riding their bikes or pushing their strollers over.”

There are 10 beers on tap including The Kölschfather (a Kölsch), Beach Blonde Ale, Standard Coupe Vanilla Porter, Hope Sockets (pale ale) and Numb Hands (a hazy IPA).

Also available are two gluten-free seltzers in peach and blood orange.

“It surprised me, but everyone was going crazy over the peach seltzer,” Romano said.

Gearblock’s name is a play on words referring to a car’s gearbox, which helps power the car. Fittingly, photos of old cars are hung around the brewery.

The old-car theme also ties into Prohibition, which led to the birth of NASCAR, Romano said. Bootleggers in the ‘20s were known for altering their cars and racing through tight, winding roads to escape police. Some of the ...More info on site


Brewery news USA, KY: 16 Lots Brewing Company opening second location at Newport on the Levee
16 Lots Brewing Company is opening a second location at Newport on the Levee, the Cincinnati Enquirer reported on April 25.

The new location, which will be known as 16 Lots Southern Outpost, will feature the same core brands of beers offered at the microbrewery's Mason location, as well as new craft cocktails, a gastropub-style food menu, alcoholic slushies and absinthe service.

According to a press release, the space will have nautically themed décor, a cigar lounge, a 2,000-square-foot outdoor patio and space for live music.

16 Lots Co-owner Del Hall, who recently finished his 46-day beer-only lent fast, said he wanted to open a second location in the heart of Cincinnati.

"Mason is an awesome community and there's a lot going on... but being a city guy myself, I've always wanted to have a second location as close to downtown as possible," he said.

The company is hoping to open the brewery near the forthcoming Amador Cuban Restaurant and Bar before Christmas, but no later than St. Patrick's Day 2023.

"The Levee is such a unique experience and it's very Cincinnati. It's really good to see it flourish," Hall added. "I can't wait to be a part of it."

16 Lots' expansion arrives amidst ...More info on site


Brewery news USA, VA: Strangeways Brewing one step closer to opening in Williamsburg
Strangeways Brewing, a Virginia-based micro-brewery, is one step closer to opening in Williamsburg, the Williamsburg Yorktown Daily reported on April 21.

During the City of Williamsburg Planning Commission meeting that was held on April 20, the micro-brewery’s request for a special use permit, PCR#22-006, to operate a restaurant and micro-brewery at 1430-1103 High Street was approved in a 6-0 vote.

The vote also included PCR#22-005, which is a request for a text change in order to allow for a “micro-brewery, micro-distillery, micro-winery and/or micro cidery, with a capacity of not more than 15,000 barrels per year” with a special use permit in the Economic Development ED-2 district.

“In relation to the 15,000 barrels, that is kind of the industry standard,” said Neil Burton, the founder of Strangeways Brewing during the meeting. “We’re not a large production facility in this type of space. Think more of like a tasting room that does make some beer, and we do things within barrels and/or fooders. Fooders are larger vats that are wooden that house the beer.”

“We can ferment from that point on,” Burton added. “We can add adjunct ingredients or other types of ingredients.”

The Williamsburg location will be Strangeways Brewing’s fourth. The company has a presence ...More info on site


Malt newsWorld: Malt contracts negotiations must take into account barley availability as well as cost of energy and transport - analysts
War in Ukraine, lower barley supplies in world markets and sky-high prices. Exploding prices for energy, fertilizer and transport. The threatening gas and oil ...More info on site


Barley newsEU: Barley production forecast to increase to 54 mln tonnes in 2022/23
The EU-27 barley production is forecast to reach 54 mln tonnes in 2022/23, H. M. Gauger GmbH said in their early April report, up ...More info on site


Brewery newsIndia: United Breweries sees net profit increase in quarter to end March 2022
Heineken NV-backed beer maker United Breweries has registered a consolidated net profit of ₹163.78 crore for the quarter ending March 2022 (Q4FY22) period compared ...More info on site


Barley newsAustralia: Barley crop estimate for 2022 lower at 10.5 mln tonnes
Following a successful barley crop of +13.5 mln tonnes and strong competition from other crops, the Australian crop 2022 estimate is lower at 10.5 ...More info on site


Brewery newsUkraine: First-quarter beer and malt production half of what was produced in Q1 2021
Ukraine’s January-March beer output totalled 1.71 mln hl – half of the volume produced in Q1 last year, Ukrpivo reported on April 26.

The trade ...More info on site


Barley newsArgentina: Barley crop 2022 estimated at up to 5.8 mln tonnes
RMI Analytics’ estimate for Argentina’s barley crop 2022 calls for a 5.2 mln tonnes output (some local estimates are 5.5 – 5.8 mln tonnes), ...More info on site


Brewery news Brazil: Ambev to build sustainable glass plant in Parana
Ambev is to invest BRZ870 million reais (US $154 million) in a new sustainable glass plant in Paraná, Brazil, the Glass International reported on April 25.

It will have the capacity to produce bottles from recycled or broken glass, collected in partnership with local companies and organisations which specialise in reverse logistics.

The glass plant will operate with 100% renewable electricity or renewable purchased electricity, have the capacity to run on biofuels, and use technology to ensure water and energy efficiency.

Expected to start operating in 2025, it will produce bottles for brands such as Stella Artois, Beck’s and Spaten, and will supply Ambev breweries across several states, including Paraná.     

“This new glass plant is another important step in our sustainability journey,” says Rodrigo Figueiredo, Vice President of Sustainability and Procurement at Ambev.

“It will make a positive impact on several aspects of our brewing operations ecosystem. In addition to working toward our Circular Packaging Goal, the plant will play an important role in helping us meet other sustainability goals, including having 100% purchased electricity coming from renewable sources."

Ambev's first glass plant opened in 2008 in Rio de Janeiro.

Today, it operates with the highest percentage of recycled material in Brazil and it is the country’s ...More info on site


Brewery news Japan: Asahi to raise prices for its Super Dry beer and other beverages for the first time in years
Asahi Group Holdings Ltd. will raise prices for its Super Dry beer and other beverages for the first time in years, joining Lawson Inc., McDonald’s Holdings Co. Japan and other companies facing rising costs for ingredients, packaging and transport, Bloomberg reported on April 26.

The price hike, which includes kegs, Yoichi whiskeys and other beverages, will take effect for shipments from Oct. 1, the Tokyo-based brewer said in a statement Tuesday. Retail prices will increase 6% to 10%, a company spokesman said.

Although consumers in rich economies across the world have been experiencing the impact of inflation for more than a year, shoppers in Japan have become accustomed to flat prices, and even deflation, for the better part of three decades. Energy costs are also on the rise, and the recent weakness of the yen is also pushing up costs for imported goods, contributing to price hikes.

“We expect that the various costs associated with production and logistics will continue to rise, and it will be difficult to offset these increases,” Asahi said. The brewer last raised canned beer prices in 2008, while bottles and kegs became more expensive in 2018.

Earlier this month, convenience-store operator Lawson said it will raise the price of ...More info on site


Barley news Ukraine: Ukraine sows 3.02 mln ha of main agricultural crops of the 14.4 mln planned
During the 2022 sowing season, Ukraine sowed 3.02 million hectares of land with the main agricultural crops, which is 20.1% of the 14.4 million hectares planned for the current season, the data on which were adjusted the day before to increase by 7.1% (from 13.44 million hectares previously announced), the Ministry of Agrarian Policy and Food said on April 22.

According to data published on its website, over the past week from April 15 to April 21, the area under crops increased by 56%, from 1.94 million hectares to 3.02 million hectares.

It is clarified that by now the total area sown with spring barley is 802,200 hectares (more by 59,000 hectares per week), sunflower – 896,000 hectares (more by 462,300 hectares), spring wheat – 164,400 hectares (more by 18,000 hectares), peas – 107,200 hectares (more by 6,700 hectares), oats – 127,000 hectares (more by 15,400 hectares).

In addition, the sown area under potatoes is 366,200 hectares, sugar beets – 155,600 hectares, soybeans – 62,000 hectares, spring rapeseeds – 16,400 hectares, millet – 4,800 hectares, buckwheat – 1,000 hectares.

According to the Ministry of Agrarian Policy, Vinnytsia, Volyn, Zakarpattia, Kirovohrad, Odesa, Poltava, Rivne, Ternopil and Khmelnytsky regions have completed the sowing of spring crops ...More info on site


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