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E-Malt.com Newsletter 18a
May 02 - May 04, 2022

Quote of the Week

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Currency Rates

Base Currency: US Dollar
on May 04, 2022
Base Currency: Canadian Dollar
on May 04, 2022
      1 USD = 0.9503 EUR
1 USD = 0.7990 GBP
1 USD = 1.2851 CAD
1 USD = 1.4086 AUD
1 USD = 130.0600 JPY
1 USD = 5.0346 BRL
1 USD = 69.2136 RUB
1 USD = 6.6063 CNY
      1 CAD = 0.7780 USD
1 CAD = 0.6216 GBP
1 CAD = 0.7393 EUR
1 CAD = 1.0959 AUD
1 CAD = 101.1870 JPY
1 CAD = 3.9169 BRL
1 CAD = 53.8484 RUB
1 CAD = 5.1397 CNY

Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Brewery news World: Molson Coors says first-quarter profits soared thanks to larges sales growth in more than a decade ...Click here
Brewery news USA: Constellation Brands prices offering of senior notes ...Click here
Brewery news USA, MN: U4ic Brewing, Incorporated setting up shop in Mankato ...Click here
Brewery news Canada, BC: Bayview Brewing now open in Ladysmith ...Click here
Brewery news USA, WY: Casper City Council approves a new microbrewery license for Bull Horn Brewing LLC ...Click here
Brewery news USA, TX: Three Empires Brewing Co. eyeing fall opening ...Click here
Brewery news USA, CO: Blue Tile Brewing to close the doors to its taproom this month ...Click here
Brewery news USA, PA: Dock Street Brewing to close facility in West Philadelphia ...Click here
World News
Brewery news Japan: Four major brewers to ramp up production in May ...Click here
Brewery news South Africa: AB InBev opens investment taps at its South Africa breweries ...Click here
Brewery news UK: Heineken to upgrade its suburban pub estate this year ...Click here
Barley news Ukraine: 2021/22 July-June grain exports reach 45.709 mln tonnes ...Click here
Brewery news Belgium & Ukraine: AB InBev to introduce Ukrainian beer Chernigivske to the Belgian market ...Click here
Barley news Ukraine: Farmers sow 844,000 ha of spring barley so far ...Click here
Graph of the Week

Table of the Week

China Hops Area and Production 2015-2021

Table of the week.

Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

These Days in Business History

02 May
1896 - The Dow Jones Industrial Average is first published
1913 - William R. Hewlett, co-founder of Hewlett-Packard Co., is born in Ann Arbor, Mich
1985 - Quantum Computer Services is incorporated in Delaware. In 1991 it changes its name to America Online, Inc.
1998 - The European Central Bank is founded in Brussels in order to define and execute the European Union's monetary policy

03 May
1830 - 1st regular steam train passenger service starts
1919 - America's 1st passenger flight (New York - Atlantic City)
1965 - 1st use of satellite TV, Early Bird Satellite

04 May
1626 - Indians sell Manhattan Island for $24 in cloth and buttons
1878 - Phonograph shown for 1st time at Grand Opera House
1959 - The 1st Grammy Awards are held
1979 - The first modern leveraged buyout using high-yield junk bonds -- a $381 million deal to take Houdaille Industries private -- is completed by Kohlberg, Kravis, Roberts & Co


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

Brewery news World: Molson Coors says first-quarter profits soared thanks to larges sales growth in more than a decade
Molson Coors Beverage Co. said on May 3 its profits soared in the first quarter for its largest quarterly sales growth in more than a decade.

The Colorado and Montreal-based company, which reports in U.S. dollars, says it earned US$151.5 million or 70 cents per diluted share, up from US$84.1 million or 39 cents per share a year earlier.

Underlying net income excluding one-time items was US$63.8 million or 29 cents per share, compared with US$1.6 million or one cent per share in the first quarter of fiscal 2021.

Revenues for the three months ended March 31 were US$2.2 billion, up nearly 17 per cent from US$1.9 billion, primarily as a result of strong growth outside of North America amid fewer on-premise restrictions in Europe.

Net sales in the Americas increased 8.5 per cent due to higher net pricing and sales mix even as brand volumes declined 4.5 per cent in Canada and 4.3 per cent in the U.S. Net sales in other global markets were up 84.2 per cent as brand volumes were up nearly 20 per cent.

Molson Coors was expected to post US$2.1 billion in revenues, according to financial data firm Refinitiv.

Brewery news USA: Constellation Brands prices offering of senior notes
Constellation Brands, Inc., a leading beverage alcohol company, announced on May 2 that it priced the public offering (the “offering”) of $1.85 billion aggregate principal amount of Senior Notes, consisting of (i) $550.0 million of 3.60% Senior Notes due 2024 (the “2024 notes”) for a public offering price of 99.941% of the principal amount of the 2024 notes, (ii) $600.0 million of 4.35% Senior Notes due 2027 (the “2027 notes”) for a public offering price of 99.942% of the principal amount of the 2027 notes, and (iii) $700.0 million of 4.75% Senior Notes due 2032 (the “2032 notes”) for a public offering price of 99.638% of the principal amount of the 2032 notes (the 2024 notes, the 2027 notes, and the 2032 notes, collectively, the “notes”). The notes will be senior obligations that rank equally with all of Constellation’s other senior unsecured indebtedness.

Closing of the offering is expected to occur on May 9, 2022. Constellation intends to use the net proceeds from the offering to fund the concurrent series of cash tender offers for any and all of its outstanding (i) 3.20% Senior Notes due 2023 (the “3.20% notes”), of which $600.0 million aggregate principal amount is outstanding, and (ii) ...More info on site

Brewery news USA, MN: U4ic Brewing, Incorporated setting up shop in Mankato
U4ic Brewing, Incorporated is setting up shop at 410 South Front Street in Mankato, KEYC reported on May 3.

They will be offering lagers and some IPA among their other crafts.

Along with their beers, they will be offering Brewers Skewers and some other food on a limited menu.

The company made the move from Belle Plaine, and they are excited to start something new in the Key City.

“Our goal is to expand, we are looking at being a part of Mankato. We always have had a lot of customers from Mankato and we just thought let’s just move to Mankato where the people are. Our production facility which we just got ample equipment. We are looking to expand and distribute basically out of Mankato,” U4ic Brewing Inc. President and CEO Jeff Luskey said.

The company is hoping to be open by July 1.

Brewery news Canada, BC: Bayview Brewing now open in Ladysmith
A new brewery and taproom that’s been in the works for half a decade is now open in Ladysmith, a town located south of Nanaimo on the eastern shore of Vancouver Island, the Canadian Beer News reported on May 2.

Bayview Brewing has been founded by Rod Alsop and Jon Ludtke, two friends who started planning the project in 2017, and were more recently joined by Ludtke’s homebrewing partner Alfred Elviss.

The Bayview taproom opened to the public last Friday April 29th with an opening beer line-up that leans towards sour ales, with pale ales and IPAs soon to follow.

The food menu features a variety of appetizers, bowls, sandwiches and wraps, with several vegetarian/vegan and gluten-free options.

Bayview Brewing is located at 204 Dogwood Drive in Ladysmith, and is open from 11:00 AM daily, closing at 9:00 PM on Sunday to Thursday, and 11:00 PM on Friday and Saturday.

Brewery news USA, WY: Casper City Council approves a new microbrewery license for Bull Horn Brewing LLC
The Casper City Council approved a new microbrewery license for Bull Horn Brewing LLC during its regular meeting on Tuesday, May 3. The new brewery plans to open in the same building as O’Reilly Auto Parts at 2027 E. Yellowstone Highway Unit B, the Oil City News reported.

“We just look forward to having a license, getting our business going [and] being a part of the community as well,” Holden Kai, who, along with Joe and Beverly Rosen, owns the new brewery, told the council ahead of the vote.

Bull Horn will add to what is a growing brewery district in the area. In March, the council approved a new microbrewery license for Stahoo’s Brewery and Taproom at 1015 East C St.; Skull Tree Brewing and Mountain Hops Brewhouse are also located in the neighborhood.

The brewery will be located in the back portion of the building, with O’Reilly Auto Parts occupying the front.

Casper currently has seven microbrewery licenses issued. A cap on the number of microbrewery licenses a municipality can issue was repealed in 2021, city staff explain, so there is no limit to the number that can be issued in Casper.

The council’s vote on May 3 was 7–0. Councilmember Amber Pollock, ...More info on site

Brewery news USA, TX: Three Empires Brewing Co. eyeing fall opening
Three Empires Brewing Co. plans to open this fall at 6990 Main St., Ste. 200, Frisco, the Community Impact reported on May 3.

The facility will offer a rotating variety of beer and seltzers produced on-site. A small outdoor biergarten and patio is also included in the plans.

“We are extremely excited to be a part of The Rail District business community,” Three Empires Brewing Co. representative Mandalyn Wible said.

Three Empires Brewing Co. originally planned on opening at the Main Street Food Hall on John W. Elliott Drive. However, plans to open the food hall have stalled.

Brewery news USA, CO: Blue Tile Brewing to close the doors to its taproom this month
Blue Tile Brewing, which built a small but dedicated following since opening in 2018, will close the doors to its taproom at 1609 East 58th Avenue in Denver on May 7, the Denver Westword reported on April 19.

"It comes with a great range of emotions that today, we must announce the closing of our ... taproom," the brewery wrote on Facebook. "We are sad to be leaving North Washington behind, but we are grateful for all of you. From our regulars and our neighborhood family, to anyone who ever found themselves a seat in the taproom even once, and most importantly those who called themselves members of our staff."

Owner Nick Crown says there are "a ton of factors" behind the decision to close, but that he hopes to reopen the brewery in a space in Englewood "as soon as we are able to do so.

"We had always intended to shift away from this location as a taproom" and open a "second, more permanent location," he adds. But the pandemic derailed his plans for operating two taprooms at once. "The way things are currently, we no longer feel that the 58th Avenue location is sustainable long term."

Blue Tile is the first ...More info on site

Brewery news USA, PA: Dock Street Brewing to close facility in West Philadelphia
Since August of 2007 Dock Street Brewing has been operating at the corner of 50th St and Baltimore Avenue in West Philadelphia. However, as of this writing, the brewery has announced plans to close the space, Breweries in PA reported on May 3.

The announcement goes on to say:

“After fifteen amazing years, Dock Street Brewery West’s time in the beautiful firehouse we called home is coming to an end… We are selling the equipment of the brewpub and not the name, Dock Street Brewery”

The brewing location had become synonymous with pairing their craft beer with handmade pizza. And during the 2020 Covid Pandemic even used their popular food item to help front line workers.

What does the future hold for the location? Locals can expect a new brewing tenant to take over. As the announcement confirmed; “on June 1st, there will be a talented duo taking over Dock Street’s space in the Firehouse – they are young, ambitious, hardworking, and kind. They are seasoned brewers and will make fantastic beers and other fare.” No confirmation yet on who this is, but we will be sure to profile the new business owners as more information is made available.

The closing of this location does ...More info on site

Brewery news Japan: Four major brewers to ramp up production in May
Japanese beer brewers are ramping up output to meet demand from restaurants, pubs and bars during the spring break. The seasonal holiday is the first in three years without coronavirus-related restrictions on social outings, NHK.jp reported on May 2.

The country's four major brewers will be raising production in May, compared to the same period last year. Asahi will hike by around 400 percent, Suntory by 370 percent, Kirin by 300 percent, and Sapporo by 200 percent.

Even so, the output will be around half the pre-pandemic level in 2019.

The current trend may be short-lived. The beer makers aren't sure whether they will continue raising output after the holidays end.

Brewery news South Africa: AB InBev opens investment taps at its South Africa breweries
The world’s largest brewer is poised to increase production of two of its popular beverages — Redds and Flying Fish — with a huge R920-million capital injection into its Gqeberha and Prospecton breweries, the HeraldLIVE reported on April 30.

AB InBev will pump R270million into the Ibhayi Brewery in Perseverance this year with further investment in the pipeline.

The investment was first revealed at the recent SA investment conference hosted by President Cyril Ramaphosa and underlines AB InBev’s commitment to its operations in the Eastern Cape.

Operating under the name Project Beyond, the capital injection will capitalise on the growth of flavoured alcoholic beverages in the SA market by increasing brewing capacity.

The aim is to ramp up production of the company’s “beyond beer” category, which includes flavoured alcoholic beverages.

SA Breweries’ Ibhayi Brewery plant manager, Thembinkosi Thwala, said the company was encouraged by the growth in popularity of its beyond-beer products.

“This investment is an opportunity to satisfy increased demand while increasing the economic and social impact we can have in the region,” he said.

SAB operates as a subsidiary of the multinational company after a $122-billion (R1.92-trillion) takeover of SABMiller in 2016.

The Ibhayi Brewery injection follows a R2-billionn capital investment the company committed for ...More info on site

Brewery news UK: Heineken to upgrade its suburban pub estate this year
Heineken is to invest a further £42 mln in upgrading its suburban pub estate this year driven by a rise in people working from home, The Caterer reported on May 2.

Some 660 Star Pubs and Bars sites, more than a quarter of the brewer's pub arm, will benefit with 137 receiving a makeover costing more than £125,000.

The investment will go towards improving outdoor seating areas, adding lighting, heaters and additional seats so they can be used year-round.

Kitchens and bar areas will also be refitted to create a more ‘premium' experience and food and drink offer.

Spending will be focused on suburban pubs and those on high streets near residential neighbourhoods to reflect the rise in people working at home during the week, Heineken said.

Lawson Mountstevens, managing director at Star Pubs and Bars, said: "People have stayed closer to home over the last two years due to the pandemic and have turned to their local for the kind of experience they'd previously have travelled to a city centre, restaurant or bar to find.

"They don't want to turn back time: they expect better quality including food and specialty drinks – such as cocktails – that are harder to recreate at home. It's the ...More info on site

Barley news Ukraine: 2021/22 July-June grain exports reach 45.709 mln tonnes
Ukraine's grain exports have reached 45.709 million tonnes so far in the 2021/22 July-June season, the agriculture ministry said on April 29 as it resumed publishing grain export data.

The ministry said the volume included 763,000 tonnes exported in April but gave no comparative figures. Senior agriculture officials said this month that Ukraine exported up 300,000 tonnes of grain in March.

Ukraine exported up to 6 million tonnes of grain a month before Russia invaded the country.

"We have already agreed with Poland, Lithuania, Germany, Bulgaria, Romania and in parallel we are actively negotiating the use of port infrastructure of these countries for the export of Ukrainian products," Ukrainian Prime Minister Denys Shmygal told a televised government meeting.

The ministry said the 2021/22 export volumes included 18.5 million tonnes of wheat, 21.1 million tonnes of corn and 5.7 million tonnes of barley.

April's exports included 115,000 tonnes of wheat, 622,000 tonnes of corn and 25,000 tonnes of barley.

The ministry did not clarify how grain was delivered.

Ukraine, a major agricultural producer, used to export most of its goods through seaports but has been forced by Russia's invasion to export by train via its western border or via its small Danube river ports.

Ukrainian President Volodymyr Zelenskiy said ...More info on site

Brewery news Belgium & Ukraine: AB InBev to introduce Ukrainian beer Chernigivske to the Belgian market
Belgian brewing giant AB InBev, owner of major Belgian beer brands Stella Artois, Jupiler, and Leffe (among others), will soon introduce popular Ukrainian beer Chernigivske to the Belgian market, according to a company press release.

All profits from the sales of the beer will be donated to charity.

AB InBev’s Ukraine factories are currently closed down due to Russia’s invasion of the country. The international alcoholic beverage company will transfer production of the Ukrainian beer to its facility in Leuven, Flanders.

Chernigivske beer will appear on supermarket shelves in Colruyt, Carrefour, and Delhaize in mid-May. The beer will also be available in interested catering establishments. Chernigivske has already hit supermarket shelves in the United Kingdom.

Chernigivske is the most popular beer in Ukraine, according to Ab InBev. The company plans to donate at least €5 million in sales of the beer to Ukrainian humanitarian aid organisations, such as Caritas International.

The initiative is being spearheaded by Ukrainian staff who relocated from Ukraine to Belgium at the outbreak of the war. Anna Rudenko, Marketing Director for Chernigivske, said that the initiative will help Ukrainians and offer a new experience for Belgian consumers.

“Chernigivske has been loved by many generations in Ukraine. I am very proud that we ...More info on site

Barley news Ukraine: Farmers sow 844,000 ha of spring barley so far
Ukraine's farmers have sown around 31% of the area expected for the 2022 spring crops sowing, or 4.7 million hectares, Ukrainian grain traders union UGA said on May 3, citing official data.

The union said Ukraine planned to sow 11.45 million hectares of spring grains this year, 3.5 to 4 million hectares less than in 2021 due to the Russian invasion, the "occupation of territories" and mining.

The official data shows that farmers had sown 180,000 hectares of spring wheat, 844,000 hectares of spring barley, 1.274 million hectares of corn and some other commodities.

It shows the area under spring wheat could total 190,000 hectares, 900,000 hectares of spring barley and 3.9 million hectares of corn.

Ukraine's agriculture ministry gave no 2022 grain crop outlook. It has said the sowing area could fall 20% this year due to fighting with Russian troops in many regions.

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