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E-Malt.com NewsLetter
Newsletter Summary

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






Last five graphs

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Last five tables

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Last five prices evolutions




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E-Malt.com Newsletter 45b
November 10 - November 13, 2022


Quote of the Week

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Epictetus

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Currency Rates


Base Currency: US Dollar
on November 11, 2022
Base Currency: Canadian Dollar
on November 11, 2022
      1 USD = 0.9925 EUR
1 USD = 0.8684 GBP
1 USD = 1.3458 CAD
1 USD = 1.5411 AUD
1 USD = 144.3450 JPY
1 USD = 5.2621 BRL
1 USD = 61.0448 RUB
1 USD = 7.2253 CNY
      1 CAD = 0.7429 USD
1 CAD = 0.6452 GBP
1 CAD = 0.7374 EUR
1 CAD = 1.1449 AUD
1 CAD = 107.2370 JPY
1 CAD = 3.9094 BRL
1 CAD = 45.3515 RUB
1 CAD = 5.3679 CNY

Currency Rates Chart


Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Barley news Canada: 2022-23 barley crop expected to increase by 35% versus last year’s record low ...Click here
Brewery news Canada, ON: Muskoka Brewery announces acquisition of Rally Beer Company ...Click here
Brewery news USA, CT: Keurig Dr Pepper invests in non-alcoholic craft beer maker Athletic Brewing Company ...Click here
Brewery news USA, TX: Talyard Brewing Co. breaks ground on new production and taproom facility in Sugar Land ...Click here
Brewery news USA, CO: Epic Brewing to close its Denver location before the end of the year ...Click here
Brewery news USA, OR: Sasquatch Brewing’s Northwest Portland brewery and cidery to shut down ...Click here
World News
Malt news EU: Malt of barley crop 2022 virtually sold out ...Click here
Malt news France: Malt industry hit hard by high energy, production costs ...Click here
Brewery news Japan: Kirin Holdings posts surge in nine-month earnings ...Click here
Barley news World: Barley trade forecast slightly down on lower exports expected from Argentina and Russia ...Click here
Barley news World: Malting barley markets tight worldwide, analysts say ...Click here
Brewery news Malaysia: Carlsberg Brewery Malaysia’s Q3 net profit triples on low base caused by Covid restrictions ...Click here
Barley news EU & UK & Russia: Barley supply situation secure across Europe ...Click here
Barley news China: Chinese maltsters step up barley imports ...Click here
Brewery news UK: Sale of Eagle Brewery ‘highlights dominance of global brewers in the UK’, CAMRA says ...Click here
Brewery news India: India expected to be among top three markets for Budweiser in the next three years ...Click here
Whisky news India: AB InBev launches Budweiser Magnum Double Barrel Whiskey in India ...Click here
Brewery news Ireland: Heineken to increase price of its kegs next month ...Click here
Graph of the Week


Table of the Week

Barley and Wheat Usage by UK Maltsters, Brewers, and Distillers


Table of the week.

Prices Evolution

Prices evolution

Barley Prices



Theoretical Malt Prices



These Days in Business History


10 November
1544 - Antwerps painter John Matsys banished
1891 - Granville T. Woods patents electric railway
1951 - 1st long distance telephone call without operator assistance
1997 - WorldCom and MCI Communications announce a $37 billion merger (the largest merger in US history at the time)

11 November
1493 - Columbus discovers Saba
1925 - Robert Millikan announces discovery of cosmic rays
1988 - Oldest known insect fossils (390 million years) reported in Science
1993 - Bill Gates buys Leonardo da Vinci's "Codex" for $30,800,000

12 November
1765 - Robert Fulton is born. He invents the world's first practical steamboat in 1807, and for the first time humans can safely travel substantial distances without relying on animals or wind

13 November
1851 - Telegraph connection between London-Paris linked
1893 - Edward A Doisy Sr is born, U.S. bio-chemist, Vitamin K1, Nobel 1943
1910 - 1st modern elastic brassiere patented by Mary Phelps Jacob


Agenda

November 2022:
22 - 23: 12th Iberoamerican VLB Symposium Brewing & Filling Technology 2022 (Uberlandia, Brazil)

December 2022:
06 - 08: 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)
07 - 11: Mondial de la Biere Rio 2022 (Rio de Janeiro, Brazil)

February 2023:
10 - 13: HoReCa 2023 (Athens, Greece)
16 - 18: Great British Beer Festival Winter 2023 (Burton Town Hall, Burton-on-Trent, UK)
20 - 23: Beer & Food Attraction 2023 (Rimini, Italy)

March 2023:
07 - 09: Expo Antad & Alimentaria Mexico 2023 (Expo Guadalajara, Jalisco, Mexico)
08 - 11: Festival Brasileiro da Cerveja 2023 (Blumenau, Brazil)
24 - 26: St Malo Craft Beer Expo 2023 (St Malo, France)

April 2023:
02 - 06: 15th International Trends in Brewing 'Beer & Society' 2023 (Leuven, Belgium)
06 - 08: KIBEX 2023 (Seoul, South Korea)

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)
22 - 28: Budapest Beer Week 2023 (Budapest, Hungary)
22 - 23: The Brewers of Europe Forum 2023 (Prague, the Czech Republic)
25 - 27: InnBrew 2023 (Barcelona, Spain)
30 - 01 June: Beviale Mexico 2023 (Mexico City, Mexico)

June 2023:
01 - 04: Wiener Bierfest 2023 (Vienna, Austria)
05 - 06: Tallinn Craft Beer Weekend 2023 (Tallinn, Estonia)
13 - 14: IGC Grains Conference 2023 (London, UK)

August 2023:
10 - 12: VIETFOOD & BEVERAGE - VIETNAM 2023 (Saigon Exhibitions and Conventions Center, 799 Nguyen Van Linh Street, District 7, HoChiMinh City, Vietnam)

More events are available on site e-malt.com

News Articles


Barley newsCanada: 2022-23 barley crop expected to increase by 35% versus last year’s record low
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 Canada, ON: Muskoka Brewery announces acquisition of Rally Beer Company
Muskoka Brewery has announced the purchase of Rally Beer Company, a deal that “brings together two businesses with a shared commitment to quality, innovation, and a love for the outdoors”, the Canadian Beer News reported on November 2.

Founded in 2020, Rally is focussed on “functional beverages”, with its flagship Trail Blazer Golden Ale touted as being “Canada’s first ever functional beer purpose-brewed to be rich in electrolytes.”

“Rally has pioneered the concept of functional beer in Canada, and we are so excited to be a part of what they have built,” says Todd Lewin, President of Muskoka Brewery, in a statement. “We are looking forward to bringing together two brands that have championed outdoors inspired beverages and make beer more approachable for all.”

“This is certainly an exciting time for myself and Rally Beer,” says Alan Wood, Founder of Rally Beer Company. “My mission was always to inspire as many people as possible to get outside, be active and grow the community through our brand. Joining Muskoka Brewery will be a catalyst to grow that community even further and encourage more people to connect in the great outdoors and toast all of life’s epic adventures.”

As part of the acquisition, Wood will be ...More info on site


Brewery news USA, CT: Keurig Dr Pepper invests in non-alcoholic craft beer maker Athletic Brewing Company
Keurig Dr Pepper, the beverage giant that owns brands like 7-Up, Snapple and Swiss Miss hot chocolate, announced on November 10 it’s investing $50 mln in Athletic Brewing Company, the US’ top non-alcoholic craft beer maker, Bloomberg reported.

The move will position Keurig Dr Pepper as a leading investor in the company, alongside others including TRB Advisors and Alliance Consumer Growth. The company will secure a seat on the brewer’s board of directors as part of the deal; other details about the agreement have not been disclosed.

The investment is one indicator among many that the outlook is bright for the low- and zero-ABV beverage category, which has seen impressive growth over the last few years as consumers dabble in the ‘sober-curious’ movement. This year, off-premise sales of non-alcoholic beers are projected to hit $361m in 2021 – almost double that of 2019 pre-pandemic levels, per data from Beverage Marketing Corp. When factoring in sales made at bars, restaurants and online, the total number of such sales is likely closer to $500m.

Athletic Brewing is especially well-poised within the non-alcoholic beer space, being the largest craft brewer in the category with a 55% market share. It’s also proving that it can compete with ...More info on site


Brewery news USA, TX: Talyard Brewing Co. breaks ground on new production and taproom facility in Sugar Land
Talyard Brewing Co. has broken ground on a 15,000-square-foot production and taproom facility in Sugar Land’s Imperial neighborhood, the Community Impact Newspaper reported on November 9.

The brewery broke ground Nov. 7 on a 3.5-acre site at 1033 Imperial Blvd., Sugar Land, with an opening projected for early 2024, according to a Nov. 7 announcement.

Once open, the brewery will feature a 20-barrel brewhouse with an annual production capacity of 10,000 barrels, according to the announcement. The facility will have floor space reserved for foeders, a type of large oak beer barrels, and an eventual barrel-aging program. Guests will be able to sample the brews at a family- and pet-friendly beer garden that comprises over an acre of shaded seating, pickleball courts, a playground, backyard games and a stage for live entertainment, according to the announcement.

“We want to push the boundaries of style and tradition by combining old practices and new,” owning principal Keith Teague said.


Brewery news USA, CO: Epic Brewing to close its Denver location before the end of the year
After nine years of operating as one of the pioneer breweries in Denver’s RiNo neighborhood, Epic Brewing will close its Denver location before the end of the year, PorchDrinking.com reported on November 9.

Opening just a year after River North Brewery, Our Mutual Friend Brewing, and Black Shirt Brewery, Epic Brewing joined a groundswell of craft beer producers to transform the North side of Denver into one of the most heavily saturated craft brewery neighborhoods in the country.

Founded in 2010 in Salt Lake City, UT, by David Cole, Epic Brewing saw rapid growth early in its existence. In addition to opening its 19,000 sq ft Denver taproom and brewery in 2013, Epic had acquired Santa Barbara’s Telegraph Brewing in 2017 and became a regional contender could produce a wide range of styles from classics like Lagers, Saisons, and IPAs to more specialty expressions like fruited Sours and barrel-aged Stouts. However, a more saturated Denver market, combined with the onset of the pandemic, deeply cut into draft account sales, and inflation-related expenses around freight and material goods lead to the difficult decision to re-evaluate their Denver footprint.

“We were so heavily focused on draft accounts in Colorado, and the pandemic changed everything,” ...More info on site


Brewery news USA, OR: Sasquatch Brewing’s Northwest Portland brewery and cidery to shut down
Sasquatch Brewing on November 10 announced it is closing its Northwest Portland production brewery and its cidery, which produces companion brand New West Cider, but it will keep its Hillsdale neighborhood restaurant open, the Oregon Live reported.

“All good things must end,” co-founders Tom Sims and Alex Beard said on Sasquatch’s social media channels. “While we’ll certainly miss all our friends and customers, we think it’s the right time to move on to other ventures.”

Reached by phone Thursday afternoon, Sims said he was relieved that “the struggle is over.”

“We’ve been trying so hard,” he said. “I’ve never worked harder than over COVID. You expect you can ease up, and it hasn’t eased up at all.”

He said profitability was the primary reason for shutting down production.

“With the rising costs of everything, things didn’t come back from COVID the way we expected,” he said. “The taproom in (the Northwest industrial district) was doing half the business from before. There’s just nobody down there working the way they used to be.

“Costs of materials has just gone crazy, and they’re going to get more crazy,” he continued. “Aluminum cans are going up, everything’s going up.”

The business partners said they have a significant stock of beer ...More info on site


Malt newsEU: Malt of barley crop 2022 virtually sold out
There is no “malt market”. During past week quotes were reported – for crop 2023 - in the range of EUR 700 to EUR780 ...More info on site


Malt newsFrance: Malt industry hit hard by high energy, production costs
Production costs fuelled by the current energy crisis are reaching record highs, making it very hard for France’s malt industry, the top exporter in ...More info on site


Brewery newsJapan: Kirin Holdings posts surge in nine-month earnings
Kirin Holdings Co., Ltd., an integrated beverages firm and one of Japan’s leading beer makers, on November 9 posted a surge in earnings for ...More info on site


Barley newsWorld: Barley trade forecast slightly down on lower exports expected from Argentina and Russia
World barley trade forecast for 2022/23 is slightly down in USDA’s November report: at 29.576 mln tonnes versus 30.116 mln tonnes forecast in October.

Export ...More info on site


Barley newsWorld: Malting barley markets tight worldwide, analysts say
Malting barley markets are tight worldwide, H. M. Gauger GmbH said in their November report.

The EU surplus includes good French 6-row winter barley, ...More info on site


Brewery newsMalaysia: Carlsberg Brewery Malaysia’s Q3 net profit triples on low base caused by Covid restrictions
Carlsberg Brewery Malaysia Bhd managing director Stefano Clini says the group will have to contend with challenges ahead despite announcing a stellar net profit ...More info on site


Barley newsEU & UK & Russia: Barley supply situation secure across Europe
Barley crop forecast for the EU-27 + UK is stable at 58.37 mln tonnes (slightly up from 58.24 mln in the late October forecast), ...More info on site


Barley newsChina: Chinese maltsters step up barley imports
Chinese maltsters recently stepped their acquisition of barley – mainly FAQ and feed barley, H. M. Gauger GmbH reported earlier this month.

Trade estimates ...More info on site


Brewery news UK: Sale of Eagle Brewery ‘highlights dominance of global brewers in the UK’, CAMRA says
The Campaign for Real Ale (CAMRA) has reacted to the recent news of Carlsberg Marston’s Brewing Company (CMBC) selling the Bedford-based Eagle Brewery, stating it ‘highlights the dominance of global brewers in the UK and further squeezes small, independent brewers’, the Morning Advertiser reported on November 8.

Spanish brewer SA Damm acquired the Eagle Brewery from CMBC for an undisclosed sum, it was revealed this week.

The announcement also said as part of the deal, the Eagle Brewery’s beers will continue to be sold as part of CMBC’s portfolio.

Furthermore, all 67 production employees at the brewery will transfer over to Damm’s UK workforce.

This followed CMBC’s announcement in September that it was closing Jennings Brewery in Cockermouth, Cumbria.

Moreover, at the end of last year (December), CMBC revealed it had closed London Fields Brewery, shutting the taproom and ceasing brewing as it looked to sell the site and brand.

This was in addition to other deals cited by CAMRA including London-based Fullers being passed into the ownership of Asahi alongside many smaller independent breweries being swallowed up by global brewing giants.

CAMRA claimed the recent announcements are a ‘continuing sign of the difficulty UK-owned breweries are finding in competing against a few huge global brewing giants’.

The ...More info on site


Brewery news India: India expected to be among top three markets for Budweiser in the next three years
AB InBev has stated that it expects India to be among the top three markets for Budweiser in the next three years, The Drinks Business reported on November 10.

Speaking this week, AB InBev president – India & South East Asia Kartikeya Sharma said that the prediction was led by double-digit growth in the premium beer segment.

Sharna told local reporters: “We think India could become a top three market for Budweiser in the next three years. By 2025, I would be very surprised if it does not become.”

India is currently already among the top five global markets for the Budweiser brand and AB InBev expects Bud to have achieved approximately Rs 1,800 crore in sales this year.

Additionally, there are also plans in place to increase the localisation of AB InBev’s Corona and Hoegaarden beer brands.

Despite Corona and Hoegaarden being smaller in scale, their contribution to AB InBev India’s top line is still significant with them collectively representing double-digits very soon. The plan, according to Sharma, is for AB InBev India to localise the production of both Corona and Hoegaarden which will help improve its accessibility. He admitted that the company has already started local brewing at a facility at Maharashtra and ...More info on site


Whisky news India: AB InBev launches Budweiser Magnum Double Barrel Whiskey in India
Beer giant AB InBev (maker of Budweiser, Beck’s, Corona, Hoegaarden etc) has announced an India-first innovation, launching Budweiser Magnum Double Barrel Whiskey in one of the largest global whiskey markets, the Drum reported on November 11.

As the second largest spirits market in the world (10% of global spirits consumption happens there), India’s alcohol industry presents a very attractive economic opportunity. There is strong appetite (or thirst in this case) for a wide range of spirit options, as indicated by the growth of the vodka and gin categories, but it is whiskey that rules the roost and accounts for over 70% of spirits consumption in the country.

Vineet Sharma, vice-president of marketing for South Asia at AB InBev, says: “While the Indian alcohol industry is extremely competitive with legacy brands and newcomers alike, there is a huge opportunity for premium offerings across the category, as the trends show.” As a result, India is a lucrative ground for innovations, across price points and categories, he adds.

From Budweiser’s point of view, India is one of its top five markets globally and its aim is to lead premium category growth across beverage segments, with the slew of offerings and innovations, says Sharma.

In 2011, AB InBev ...More info on site


Brewery news Ireland: Heineken to increase price of its kegs next month
Heineken Ireland, one of the largest suppliers of beer and cider in the country, has informed pub landlords that it will increase the price of its kegs next month, the Business Plus reported on November 10.

In a letter to publicans, the brewer said the price of wholesale draught products would increase by 9% from 1 December, blaming "unprecedented cost increases" across its entire supply chain.

Keg prices for Heineken and Coors lager will increase by the equivalent of 17 cent per pint, while all other draught brands and keg sizes will increase in price at a pro-rata rate.

"This increase is essential for us to offset, in part, the severe cost input pressure and ensure that Heineken Ireland remains as active as ever in supporting you through our brand activities, our direct support to you in the trade, and our commitment to advertising and promotional spend," the group wrote.

Heineken said it would not pass on the full impact of cost rises for its Irish business, adding that it "sets the wholesale price that is charged for its products but has no role in relation to the price paid by the consumer, as this is set by individual operators within the on-trade sector."

Noel ...More info on site


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