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E-Malt.com Newsletter 24b
June 16 - June 19, 2022
Quote of the Week
Don't count the days, make the days count.
Muhammad Ali
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Currency Rates
Base Currency: US Dollar
on June 17, 2022 |
Base Currency: Canadian Dollar
on June 17, 2022 |
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1 USD = 0.9545 EUR
1 USD = 0.8176 GBP
1 USD = 1.2920 CAD
1 USD = 1.4267 AUD
1 USD = 133.1240 JPY
1 USD = 5.0520 BRL
1 USD = 57.2121 RUB
1 USD = 6.7055 CNY
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1 CAD = 0.7739 USD
1 CAD = 0.6327 GBP
1 CAD = 0.7387 EUR
1 CAD = 1.1041 AUD
1 CAD = 103.0190 JPY
1 CAD = 3.9095 BRL
1 CAD = 44.2742 RUB
1 CAD = 5.1891 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Strong feed barley prices underpinning malting values
...Click here
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USA, NY: Lasting Joy Brewery to open in Tivoli on June 16
...Click here
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USA, CA: BrewBilt Brewing Company launches its commercial production facility in Northern California
...Click here
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USA, TX: Brash Brewing to be taken over by owners of Equal Parts Brewing and Brash's original head brewer
...Click here
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USA: Suntory eyes up opportunity to grow non-alcoholic All-Free in the US
...Click here
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World: AB InBev to raise prices to catch up with inflation
...Click here
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Malaysia: Carlsberg Brewery Malaysia may see softer demand in Q3 this year
...Click here
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UK: Pubs, restaurants and hotels set to see value growth of 2.8% versus 2019 - report
...Click here
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UK: Hop growers urging brewers to renegotiate prices
...Click here
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EU & UK: Barley crop situation improves across Europe
...Click here
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Germany: Malting barley crop expected to be larger but analysts still forecast imports of at least 1 mln tonnes
...Click here
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Australia: Barley acreage and production expected to be smaller in 2022/23
...Click here
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Thailand & Singapore: Analysts keep ‘buy’ call on ThaiBev
...Click here
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Malaysia: Carlsberg Brewery Malaysia to upgrade brewery in Sah Alam
...Click here
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UK: BrewDog commissions £12 mln bio-energy plant at its Ellon base
...Click here
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South Korea & Japan: Japanese brewers staging comeback in the Korean market
...Click here
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Croatia: Beer maker Zagrebačka pivovara invests in new canning line
...Click here
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Australia & China: AEGIC webinar in Mandarin and English gives sign of hope for stalled barley trade talks
...Click here
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Graph of the Week
Table of the Week
EU Malt Exports
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
16 June
1903 - Pepsi Cola Company forms
1903 - Ford Motors incorporates
1911 - IBM founded as the Computing-Tabulating-Recording Company in Endicott, New York
1963 - 1st woman in space, aboard Vostok 6
1983 - European Space Agency launches European Comm Satellite 1, Oscar 10
17 June
1885 - Statue of Liberty arrived in New York City
1970 - Edwin Land patents Polaroid camera
1988 - Microsoft releases MS DOS 4.0
18 June
1840 - Samuel Morse patents his telegraph
1943 - Congress of Racial Equality (CORE) founded
1948 - .N. Commission on Human Rights adopts International Declaration of Human Rights
2009 - The Lunar Reconnaissance Orbiter (LRO), a NASA robotic spacecraft is launched
19 June
1464 - French King Louis XI forms postal service
1764 - John Barrow is born, founder of Royal Geographical Society
1963 - 1st woman in space returns to Earth
Agenda
June 2022:
17 - 18: Beer Experience 2022 (Antwerp, Belgium)
July 2022:
27 - 29: Craft Beer China 2022 (Shanghai, China)
August 2022:
11 - 13: VIETFOOD & BEVERAGE - VIETNAM 2022 (Saigon Exhibitions and Conventions Center. 799 Nguyen Van Linh Street, District 7, HoChiMinh City, Vietnam)
14 - 16: Brewing Summit 2022 (Providence, Rhode Island, USA)
September 2022:
02 - 04: Finest Spirits 2022 (Munich, Germany)
12 - 16: Drinktec 2022 (Messe Muenchen, Munich, Germany)
17 - 03 October: Oktoberfest 2022 (Munich, Germany)
27 - 29: 3rd VLB Africa Brewing Conference (VLB Virtual Campus)
October 2022:
06 - 08: The Great American Beer Festival 2022 (Denver, USA)
12 - 15: China Brew & China Beverage 2022 (Shanghai New International Expo Centre, China)
27 - 28: Sea Brew 2022 (Bangkok, Thailand)
November 2022:
22 - 23: 12th Iberoamerican VLB Symposium Brewing & Filling Technology 2022 (Uberlandia, Brazil)
December 2022:
06 - 07: 3rd VLB International Brewing Web Conference (VLB Virtual Campus)
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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Canada: Strong feed barley prices underpinning malting values
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Feed barley prices remain very strong in western Canada and this situation underpins malting barley prices, RMI Analytics reported earlier this month.
As farmers remain
...More info on site
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USA, NY: Lasting Joy Brewery to open in Tivoli on June 16
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The owners of Tivoli's Lasting Joy Brewery have announced the brewery will open Thursday, June 16, The Poughkeepsie Journal reported.
Founded by high school sweethearts Alex and Emily Wenner, the brewery will be serving four "core" beers — a Czech pilsner, an English beet stout, a hazy IPA and a Belgian wheat — along with guest and seasonal brews and local wine, cider, spirits, non-alcoholic beverages and food.
Ingredients for the house-made brews will come from the farms surrounding the brewery, making it a designated New York State Farm Brewery.
"I wanted to create a space where the guest experience reflects all the care and detail that goes into brewing a really great beer," Alex Wenner said. "Some of our malt is being grown and malted just down the road by a fantastic small business called Hudson Valley Malt. I love that you can sit in the tap room and look out the 360 degree windows at the farmland all around the brewery and know that the distance from the farm to what's in your glass is basically walkable."
The Wenners, who have four children, made it a priority that their 30 acre space is family friendly, inviting children and "well behaved, leashed
...More info on site
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USA, CA: BrewBilt Brewing Company launches its commercial production facility in Northern California
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BrewBilt Brewing Company announced the official opening of their Northern California commercial production facility for next week, the Globe Newswire reported on June 17.
BrewBilt Brewing will begin brewing next week in preparation to launch its initial four brands of premium craft beer. The company was just issued its Type 23 - Small Beer Manufacturer license by the California Department of Alcoholic Beverage Control, which allows the Company to process up to 60,000 barrels annually. The company is also permitted to apply for a duplicate of this license to open a public tap room. Efforts to secure a tap room space are already underway. The projected revenue based on pre-sold accounts and expanded market targets, as well as a 50 cans per minute automated canning line and automated production facilities
Located in the Sierra Foothills of Northern California, BrewBilt Brewing Company produces its own BrewBilt branded beers, as well as providing private label and contracting brewing services. BrewBilt Brewing grew out of BrewBilt Manufacturing Inc., an iconic company that has been handcrafting custom breweries and fermentation systems since 2014. BrewBilt Brewing's production staff consists of industry veterans that will use high quality brewing equipment and ingredients to deliver outstanding craft beer to
...More info on site
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USA, TX: Brash Brewing to be taken over by owners of Equal Parts Brewing and Brash's original head brewer
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Speculation about who would buy Brash Brewing had been swirling around Houston's beer circles for months. Now it's official: The owners of Equal Parts Brewing and Brash's original head brewer are taking over the Independence Heights watering hole, Chron reported on June 16.
Equal Parts' Matt Peterson and Nick Sorenson and veteran brewer Vince Mandeville closed on the deal on June 16. Peterson says he always pays attention to what's going on in the industry, including which breweries are for sale.
"Nick and I felt that Brash is a special brand," Peterson said. "And we considered the opportunity to be a good one."
Peterson stresses that Brash and Equal Parts will remain separate. They opened the East End brewery in 2016 under the name Sigma Brewing, changing it to Equal Parts in the fall of 2020, growing its footprint from favorite neighborhood spot to the shelves of H-E-B.
Peterson says they've known Mandeville for years, dating back to when he started working at the very brewery of which he's now the owner. Mandeville left Saint Arnold to become the founding head brewer of Brash, which was opened in 2014 by Benjamin Fullelove, owner of now-closed Petrol Station. Mandeville left Brash in early 2021—under circumstances
...More info on site
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USA: Suntory eyes up opportunity to grow non-alcoholic All-Free in the US
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Suntory has shared how it has taken its non-alcoholic beer alternative All-Free (a Japanese product with a particular focus on ‘nodogoshi’ - the mouthfeel prized by Japanese beer drinkers) into the US market: with its focus now on widening consumption occasions for the drink, the Beverage Daily reported on June 13.
All-Free was launched in Japan back in 2010, with Suntory spotting an opportunity in the US market for a launch there in 2020. It now sees the opportunity to expand the brand in daily occasions that are not usually considered as beer occasions: particularly as a refreshment option that ticks all the boxes for today’s health-conscious consumers.
Over the last decade, the company has been developing a new drinking culture for the sparkling malt and hops beverage in Japan by presenting how the beer can be enjoyed in new occasions: such as when relaxing, after exercise and sports, or on a picnic.
Following this success, it believes the same path is possible for the brand in the US: a market that was already attractive at All-Free’s launch there in 2020 given its high beer consumption and role in setting wellness lifestyle trends.
However, the company found that it could not simply
...More info on site
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World: AB InBev to raise prices to catch up with inflation
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Anheuser-Busch InBev SA/NV says some of its beverages are going to get pricier and come in variable sizes as the maker of Corona and
...More info on site
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Malaysia: Carlsberg Brewery Malaysia may see softer demand in Q3 this year
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Carlsberg Brewery Malaysia Bhd (CBM) may experience softer demand for its products in the third quarter (Q3) of this year, given the ongoing cost
...More info on site
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UK: Pubs, restaurants and hotels set to see value growth of 2.8% versus 2019 - report
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UK’s pubs, restaurants and hotels are set to see value growth of 2.8% versus 2019 in the eating-out market but this will be the
...More info on site
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UK: Hop growers urging brewers to renegotiate prices
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British hop growers are urging brewers to renegotiate prices to help mitigate crippling costs, The Grocer reported on June 16.
Hop growers are facing increases
...More info on site
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EU & UK: Barley crop situation improves across Europe
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Barley crop situation across Europe has improved dramatically over the past two weeks under very favourable conditions: rain and moderate temperatures which is ideal
...More info on site
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Germany: Malting barley crop expected to be larger but analysts still forecast imports of at least 1 mln tonnes
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DRV forecasts Germany’s winter barley crop at 8.656 mln tonnes (from 12.37 mln ha x 7.0 tonnes), spring barley at 1.753 mln tonnes (0.327
...More info on site
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Australia: Barley acreage and production expected to be smaller in 2022/23
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Rabobank analysts expect a smaller barley acreage and production in 2022/23, 4.09 mln ha, minus 6.7%, and 11.0 mln tonnes, minus 18% y/y, H.
...More info on site
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Thailand & Singapore: Analysts keep ‘buy’ call on ThaiBev
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UOB Kay Hian analyst Llelleythan Tan is keeping his “buy” call on Thai Beverage (ThaiBev) as Thailand had removed its quarantine rules and RT-PCR test requirements for vaccinated travellers in May, The Edge reported on June 16.
The kingdom had also announced that it would be reopening its entertainment venues, along with the easing of domestic Covid-19 alcohol restrictions, effective June 1.
The country’s tourist arrivals had already experienced a strong recovery in April, with an expected 6 million to 7 million tourist arrivals in 2022.
As such, Tan is expecting ThaiBev to benefit from the lightened restrictions.
“High consumption volumes driven by international tourism and domestic consumption are expected to boost earnings moving forward,” he writes in his June 16 report.
However, the higher earnings may be offset by the rising cost of raw materials such as sugarcane, rice and malt.
Thailand is also facing its highest inflation rate in 14 years, driven by soaring energy and food prices, all of which.
To combat the rising costs, ThaiBev had already increased its average selling prices (ASPs) twice in the 1HFY2022 for its white spirits and beer segments, which have helped support margins.
“As last year’s molasses crop yield [from December 2020 to April 2021] was one of
...More info on site
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Malaysia: Carlsberg Brewery Malaysia to upgrade brewery in Sah Alam
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Carlsberg Brewery Malaysia Bhd has earmarked a capital expenditure (capex) of RM110 mil to upgrade its brewery in Shah Alam, its largest investment in
...More info on site
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France: Grain production continues to slide
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Parched soils and record heat conditions are quickly eroding this season’s grain production prospects in France, adding to grain supply woes across the globe.
...More info on site
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UK: BrewDog commissions £12 mln bio-energy plant at its Ellon base
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Scottish brewer and bar operator BrewDog has commissioned work to create a £12 mln bio-energy plant at its Ellon base that will power the production of 176m pints per year while reducing carbon emissions by 7,500 tonnes, the Morning Advertiser reported on June 16.
The plant will mean the brewery will become self-sufficient in gas and surplus supplies will be used to power company vehicles and be sold back to the grid.
Since the new brewery in Ellon opened in 2013, BrewDog said it has reduced the volume of water it takes to make its beer by over 50% but there is still waste created by the brewing process. An anaerobic digester will help BrewDog recycle most of the 200m litres of wastewater produced every year in the beer-making process, as well as generating bio-methane to power the brewery’s boilers.
The plant combines the wastewater with spent yeast and hops from the brewing process to be “digested” by bacteria to make biomethane. Over the coming years, BrewDog also plans to use the CO2 created by the digester to carbonate its beer. When fully operational, the digester will create around 200 cubic metres of biomethane per hour – equivalent to around 23,000MWh of energy
...More info on site
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South Korea & Japan: Japanese brewers staging comeback in the Korean market
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Japanese brewers are staging a comeback in the Korean market after a three-year hiatus, as they advertise new products ahead of the peak summer season, company officials said on June 16, The Korea Times reported.
Asahi Breweries said it will air its online commercial for Asahi Super Dry beer on YouTube and several other social media platforms from June 17 to the end of August. The company hopes to win back its former Korean customers, who have been boycotting Japanese products since Japan removed Korea from a preferential trade list in 2019.
At the time, Korea's top court had ordered Japanese firms to compensate Korean victims of Japan's wartime forced labor. Subsequently, the Japanese government retaliated by restricting Korean firms from importing some key industrial materials. This led to Korean consumers deciding to boycott all Japan-made goods in return.
Japanese breweries such as Asahi, Sapporo and Kirin were the main victims of the Boycott Japan campaign and as such, stopped advertising their products in 2019. Even HiteJinro, the country's largest liquor firm and an importer of Kirin beers, had to avoid promoting Japanese beer products in Korea.
However, local consumers' anger towards Japanese firms has waned and imports of Japanese alcohol beverages here have
...More info on site
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Croatia: Beer maker Zagrebačka pivovara invests in new canning line
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Beer maker Zagrebačka pivovara has invested a total of HRK 64 million in a technologically advanced line for producing beer in cans, the Total Croatia News reported on June 15.
The investment in a technologically advanced line will fully satisfy the constant growth of market demand for canned beer in the country, further increase the company's sustainability, the competitiveness of domestic production, and offer consumers new formats and multipacks of cans. It is part of the large investment cycle in the expansion of production and storage capacities with which the leading Croatian beer maker is celebrating its jubilee year and the 130th birthday of the company.
The entire investment cycle of Zagrebačka pivovara is planned for the next two years, followed by a major investment in the modernization of the line for filling returnable glass bottles, which will further increase productivity and diversify different bottle formats.
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Australia & China: AEGIC webinar in Mandarin and English gives sign of hope for stalled barley trade talks
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A sign of hope that Australia’s stalled barley trade with China may reanimate was given last week when the Australian Export Grains Innovation Centre (AEGIC) hosted a webinar in Mandarin and English, the Grain Central reported on June 13.
Entitled China: Australian malting barley technical webinar, the event held some clear messages for its audience of around 80.
The first was that Australian barley was in hot demand from regular and emerging markets, and the second was that AEGIC’s pilot malting plant and developing multi malter facility could well help to keep China’s malting sector up to date with Australian varietal developments while trade is in hiatus.
During the webinar on June 8, AEGIC barley and oats program manager Jack King provided an update on AEGIC’s multi malter project, which incorporates steeping, germination and kilning processes, and can run up to six different steeping programs per batch.
Mr King said the multi malter was being developed to significantly reduce the time taken by processors to adopt new malting varieties, and to assist development of Australian barley markets generally.
“There’s a few discussions still to go on where we take this multi malter project but I guess part of our role here is to position the
...More info on site
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Australia: CUB unveils new Australian Wheat Beer
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CUB has unveiled what the company is calling a new beer style for the Australian market, ‘Australian Wheat Beer’, The Shout reported on June 17.
The Aussie Wheat Ales are a modern take on traditional wheat beers, and are tailored specifically to Australian tastes using wheat grown by local farmers. And while most Australian beer uses barley as the dominant ingredient, the Aussie Wheat Ales substitute a proportion of barley with local, premium wheat malt.
The beers were created by some of Australia’s most well-known brewers, including Matilda Bay, Mountain Goat, Pirate Life, 4 Pines and Green Beacon Brewing Co.
Phil Sexton – widely considered the father of Australian craft beer – describes Matilda Bay’s Aussie Wheat Ale as somewhere between “a pacific ale style and a Redback [the name of Matilda Bay’s German-style wheat beer]”.
“There’s a little bit of baggage with traditional wheat beers. Some people think of wheat beer as heavy tasting and that doesn’t necessarily fit our Australian lifestyle and climate,” Sexton said.
“Aussie Wheat Ale is unlike anything that you might’ve tried in the past. We’ve paired some of the country’s best brewing wheat with a new and exciting hop, Australian Eclipse, to give us a very fresh and vibrant
...More info on site
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