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E-Malt.com Newsletter 39b
September 29 - October 02, 2022
Quote of the Week
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Currency Rates
Base Currency: US Dollar
on September 30, 2022 |
Base Currency: Canadian Dollar
on September 30, 2022 |
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1 USD = 1.0274 EUR
1 USD = 0.9147 GBP
1 USD = 1.3690 CAD
1 USD = 1.5428 AUD
1 USD = 144.5090 JPY
1 USD = 5.3856 BRL
1 USD = 57.7448 RUB
1 USD = 7.1560 CNY
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1 CAD = 0.7304 USD
1 CAD = 0.6681 GBP
1 CAD = 0.7504 EUR
1 CAD = 1.1268 AUD
1 CAD = 105.5450 JPY
1 CAD = 3.9335 BRL
1 CAD = 42.1751 RUB
1 CAD = 5.2266 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: August beer shipments up 2.4% but January-August see a drop
...Click here
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North America: Barley harvest finishing up and rated on average as good
...Click here
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Canada: Barley production forecast to rebound to 9.43 mln tonnes
...Click here
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USA, VA: AB InBev announces $20 mln investment in its Williamsburg Brewery
...Click here
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USA, NC: Whaley Farm Brewery becomes Old Fort’s second brewery
...Click here
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Denmark: Carlsberg converts Danish brewery to oil from gas
...Click here
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UK: Scotch Whisky Association taking cautious approach to weak pound
...Click here
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Japan: Consumers squirrel away beer ahead of impending price hikes
...Click here
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India: Heineken’s United Breweries launches Heineken Silver in Inda
...Click here
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Graph of the Week
Table of the Week
Slovenia Hops Area, Yields, and Production 2019-2021
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
29 September
1915 - 1st transcontinental radio telephone message is sent
1950 - Telephone Answering Machine created by Bell Laboratories
1979 - Gold hits record $400.20 an ounce in Hong Kong
30 September
1452 - 1st book published, Johann Guttenberg's Bible
1988 - IBM announces shipment of 3 millionth PS/2 personal computer
1997 - Microsoft Corp releases Internet Explorer 4.0
01 October
1874 - Rotterdam opens drink water pipes
1888 - National Geographic magazine publishes for 1st time
1898 - Dutch railway Alkmaar-Receiver opens
1958 - NASA is created
02 October
1608 - Prototype of modern reflecting telescope completed by Jan Lippershey
1866 - J Osterhoudt patents tin can with key opener
1956 - 1st atomic power clock exhibited in New York City
Agenda
September 2022:
29 - 01 October: Stockholm Beer & Whisky Festival 2022 (Stockholm, Sweden)
October 2022:
04 - 06: International Beer Strategies Conference 2022 (Hilton Rome Airport, Fiumicino, Italy)
06 - 08: Stockholm Beer & Whisky Festival 2022 (Stockholm, Sweden)
06 - 08: The Great American Beer Festival 2022 (Denver, USA)
08 - 10: The International Beer Cup 2022 (Ota City, Tokyo, Japan)
12 - 15: China Brew & China Beverage 2022 (Shanghai New International Expo Centre, China)
13 - 15: Warsaw Beer Festival 2022 (Warsaw, Poland)
14 - 16: Barcelona Beer Festival 2022 (Barcelona, Spain)
21 - 23: Cerveza Mexico Expo 2022 (Mexico City, Mexico)
24 - 30: Copa Cervezas de America 2022 (Valparaiso, Chile)
27 - 28: Sea Brew 2022 (Bangkok, Thailand)
November 2022:
01 - 03: Brussels Beer Challenge 2022 (Eupen, Belgium)
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 Japan 2022 (Makuhari Messe, Japan)
07 - 09: Drink Technology India 2022 (Bombay Exhibition Centre, Mumbai, India)
07 - 11: Mondial de la Biere Rio 2022 (Rio de Janeiro, Brazil)
February 2023:
10 - 13: HoReCa 2023 (Athens, Greece)
20 - 23: Beer & Food Attraction 2023 (Rimini, Italy)
March 2023:
08 - 11: Festival Brasileiro da Cerveja 2023 (Blumenau, Brazil)
May 2023:
07 - 10: Craft Brewers Conference & BrewExpo America 2023 (Nashville, TN, USA)
10 - 10: World Beer Cup 2023 (Nashville, TN, USA)
12 - 14: Cerveza Mexico Expo 2023 (Guadalajara, Mexico)
25 - 27: InnBrew 2023 (Barcelona, Spain)
30 - 01 June: Beviale Mexico 2023 (Mexico City, Mexico)
News Articles
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USA: August beer shipments up 2.4% but January-August see a drop
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The Beer Institute published on September 28 an unofficial estimate of domestic tax paid shipments by beer brewers for August 2022.
The August 2022 estimate
...More info on site
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North America: Barley harvest finishing up and rated on average as good
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Barley harvest in Canada is finishing up, with Saskatchewan and Alberta at 95% complete, RMI Analytics said in their late September report.
Yields and quality
...More info on site
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Canada: Barley production forecast to rebound to 9.43 mln tonnes
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For 2021-22, barley used for feed was estimated by Statistics Canada (STC) at 4.29 million tonnes (Mt), a drop of 33% on the year
...More info on site
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USA, VA: AB InBev announces $20 mln investment in its Williamsburg Brewery
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Anheuser-Busch announced a $20 million investment at its Williamsburg Brewery Thursday, Sept. 29, the Wydaily reported.
The company’s investment into the facility, which is nearing its 50th anniversary on Oct. 1, is part of the brewer’s 2021 announcement to “invest $1 billion over two years in the company’s facilities to accelerate the nation’s recovery and drive economic prosperity in the communities where it operates.”
The investment is part of a larger company-wide initiative that spans 26 states. The $20 million investment into the Williamsburg facility includes expanding the facility’s brewing capabilities, enhancing brewery process technologies, and facility renovations.
“Our planned $1 billion investment is about supporting our local communities by creating and sustaining jobs as our nation continues to navigate the economic recovery,” CEO of Anheuser-Busch Brend Whitworth stated in the announcement. “We’re proud to be celebrating five decades of brewing history in the Commonwealth of Virginia, and our Williamsburg Brewery plays an important role in producing high-quality products for our consumers to enjoy for years to come.”
The company said it has created over 30 new jobs year-to-date in James City County.
According to Anheuser-Busch, “the recent hires, including brewery leadership and various team member roles, present an opportunity for the Williamsburg brewery to
...More info on site
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Canada: Feed barley market remains strong
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The feed barley market remains strong despite the influx of freshly harvested supplies, with little competition from other feed sources, the CountryGuide reported on September 29.
“The markets have been coming up steadily, with what feels like no harvest pressure,” said Suzanne Leclerc, owner of Market Master Ltd. in Edmonton.
“People were hoping the market would get lower and didn’t purchase, because they were hoping to see more harvest pressure,” said Leclerc.
However, that didn’t happen “and they caught themselves where they were short and needed to pay up to get (supplies).”
The weaker Canadian dollar and strength in Chicago corn futures mean that corn imports from the U.S. are no longer a cheap option, she added. A good-quality Canadian wheat crop has also cut into feed wheat supplies.
The lack of cheaper feed alternatives should leave little reason for barley prices to go lower, according to Leclerc, especially with the grain harvest nearing completion across Western Canada.
However, continued issues with the availability of trucking were something to watch.
Leclerc noted that while prices may be rising in the key feeding area of Lethbridge, the trucking rates are also going up. She recommended that anyone who needs to move grain should book their transportation in advance,
...More info on site
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USA, NC: Whaley Farm Brewery becomes Old Fort’s second brewery
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Despite still being dry, Old Fort is suddenly a two-brewery town, the Mountain Xpress reported on September 29.
Hillman Beer became the McDowell County town’s pioneer brewing establishment in 2020, following the passage of N.C. Senate Bill 290, which permits beer, wine and cider to be served on the premises where they are made, “regardless of the results of any local malt beverage election.” Two years later, Whaley Farm Brewery has doubled the town’s local beer options.
The husband-and-wife team, Jessica and Chris Whaley, began pouring Chris’ brews from a 7-barrel system in late July, nearly three years after purchasing the property at 178 Catawba Ave. The “Farm” component of the business’s name refers to Jessica’s agriculture operation in Black Mountain, which specializes in salad mixes in addition to other crops grown throughout the year. Her produce can be purchased at the brewery and is gradually making its way into the beer.
“We started talking about building a farm brewery about 10 years ago and having a small radius of sourcing ingredients,” Chris says.
Though both are originally from the Midwest, the pair met in South Florida, where Chris taught homebrewing classes at Funky Buddha Brewery. Following a brief stint in Vermont, the Whaleys
...More info on site
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USA, NH: Omnium Brewing coming to Somersworth
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Omnium Brewing is coming to Somersworth, the next chapter for the space that formerly housed Bad Lab Brew Co., the Fosters Daily Democrat reported on September 28.
The 6,500-square-foot space at 460 High St. has been vacant since Bad Lab closed quietly in February. At the time, it was unclear what would take its place.
Viren Patel, owner of Omnium Brewing, has big plans for his new brew pub, which he hopes to open by the end of November.
Patel has hired Bryan Hadler as the head brewer, and has tapped a local chef to run the kitchen and curate a menu.
Patel was on vacation in Mexico when he received a call from his broker about the Bad Lab property. It fit the bill for what he needed, and it was nearly turn-key ready. Without hesitation, he was all in after seeing the property.
“This was a great opportunity for us because it’s a beautiful brewery, a great build-out with its stainless steel, open format,” Patel said. “Omnium means ‘for all.’ It doesn't matter who you are, how much you love beer, or how much you can spend, there’s something for everyone here.”
This is Patel’s first business. He comes to the Seacoast from
...More info on site
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Russia: January-August beer output up 2.4%
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Russia’s beer production saw a 2.4% increase in January-August this year, reaching 58.4 mln hl, Rosstat reported on September 29.
In August alone output increased
...More info on site
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Denmark: Carlsberg converts Danish brewery to oil from gas
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Carlsberg A/S has converted the brewery supplying beverages to its homeland of Denmark to run on oil instead of gas to avoid having to shut it down amid Europe’s escalating energy crisis, Bloomberg reported on September 29.
The beermaker is also working on similar measures for its other European facilities so that they, from Nov. 1, “will be ready to switch to oil if needed,” Tanja Frederiksen, a spokeswoman for the Copenhagen-based company, said in an emailed reply to questions.
Danish authorities have this year included Carlsberg on a list of about 50 large gas users that won’t be protected in case the country needs to reduce gas consumption. While the Nordic country is in a better energy-supply situation than most European peers thanks to local biogas supplies, authorities aren’t ruling out power or gas outages this winter.
The Fredericia brewery in western Denmark produces almost all of the Carlsberg beer sold in the country, where the company has a 63% market share. Carlsberg didn’t disclose how much gas the facility normally uses nor how much oil it consumes with the new set-up.
“The brewery is now running on oil, but we also have projects underway to make us non-reliant on natural gas,” Frederiksen
...More info on site
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UK: Scotch Whisky Association taking cautious approach to weak pound
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This week's dramatic fall in the value of the pound might seem to be a boon for Scotland's exporters, so why are many firms reacting cautiously to the news?
Leonard Russell describes the record low hit by the pound against the dollar on September 26 as "disturbing", the BBC reported on September 28.
He ought to be delighted at sterling's relative weakness against the dollar and the euro because his company, Broxburn-based Ian Macleod Distillers, exports spirits such as Glengoyne, Tamdhu and Edinburgh Gin around the world.
But his response is rather muted.
"Obviously the weak pound will be good for exports and, as somebody in the whisky and gin market, that is welcome," he says.
"The low value of the pound is going to help exports and will help us absorb some of the very large cost-inflationary pressures we are about to suffer from, particularly energy."
But Mr Russell says his company will have to put its prices up to cover increased costs.
"We are paying people more because of inflation, so our labour costs are going up and our energy costs are going up," he explains.
"Malted barley is made by germinating barley, so there's quite a large energy input into the cost of our barley,
...More info on site
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Japan: Consumers squirrel away beer ahead of impending price hikes
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Beer sales typically decrease after the long, hot summer has ended, but they are continuing to rise in September as impending price hikes have consumers bucking that trend as they squirrel away their favorite brews, The Japan News reported on September 28.
The prices of many foods and drinks are set to increase on Oct. 1, and the upcoming price hikes have many people stockpiling beer as suds have a long shelf life.
Supermarkets and discount stores are enticing customers by means such as setting up special sales corners for those wanting to stock up on beer before it gets more expensive.
Mega Don Quijote Fukaebashi-ten, a discount store in Higashinari Ward, Osaka, opened a section exclusively for beer and beer-like beverages near the cash registers on the first floor in early September.
The discount store encourages customers to buy more beer products by displaying posters with the message “Shipping prices [of beer] will rise in October” and a graphic showing the price hike ranges of each beer maker.
Store officials said many customers are buying three to five cases of beer, each of which contains 24 cans.
“I usually buy one case at a time, but I decided to stockpile as I heard the prices
...More info on site
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India: Heineken’s United Breweries launches Heineken Silver in Inda
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United Breweries Ltd., part of the Amsterdam-based Heineken Group, on September 29 announced the launch of Heineken Silver, expanding its presence in the premium beer category in India, the Mint reported.
The launch will drive and accelerate the growth of the premium beer category in India, said a top executive at the company.
In India, the beer is available in both on- and off-trade retail channels in Bengaluru. Heineken Silver’s 330-ml pint is priced at ₹120, the 500-ml can at ₹160 and the 650-ml bottle at ₹200 across off-trade retail outlets in Bengaluru. Silver will also be launched in other markets in the next few months.
In 2021, Heineken N.V. obtained a controlling stake in United Breweries in India following the acquisition of additional ordinary shares in the homegrown brewer taking its shareholding in UBL from 46.5% to 61.5%. While UBL’s Kingfisher continues to be the largest beer brand in the country, the Heineken brand has three variants in India including the original, Heineken 0.0 and the Silver. The company also sells the Amstel brew in India.
Heineken Silver is targeted towards younger consumers. “It’s the premium beer for millennials and Gen-Z in India and that’s that’s how we think about that proposition," Rajeev
...More info on site
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