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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 08b
February 23 - February 26, 2023

Quote of the Week

The best beer in the world is the open bottle in your hand.
Danny Jansen

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Currency Rates

Base Currency: US Dollar
on February 24, 2023
Base Currency: Canadian Dollar
on February 24, 2023
      1 USD = 0.9429 EUR
1 USD = 0.8307 GBP
1 USD = 1.3537 CAD
1 USD = 1.4667 AUD
1 USD = 134.8110 JPY
1 USD = 5.1428 BRL
1 USD = 75.2644 RUB
1 USD = 6.8961 CNY
      1 CAD = 0.7386 USD
1 CAD = 0.6135 GBP
1 CAD = 0.6964 EUR
1 CAD = 1.0833 AUD
1 CAD = 99.5743 JPY
1 CAD = 3.7985 BRL
1 CAD = 55.5918 RUB
1 CAD = 5.0936 CNY

Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Brewery news USA: Molson Coors Beverage Co. told by regulators to stop marketing its light beer products by implying rivals’ beers taste like water ...Click here
Barley news Canada & China: Malting barley test batches sent to China by container ...Click here
Brewery news USA, CA: Settle Down Brewery & Taproom already open in downtown Gilroy ...Click here
Brewery news USA, OH: Platform Beer Co. closes its doors in Cleveland ...Click here
World News
Brewery news World: Bill Gates buys minority stake in Heineken Holding NV ...Click here
Brewery news Malaysia: Carlsberg Malaysia records increase in sales across three markets ...Click here
Barley news World: Barley S&D forecast mostly unchanged in RMI’s latest report ...Click here
Barley news EU & UK: Barley crop forecast for 2023 mostly unchanged ...Click here
Brewery news Malaysia: Carlsberg Managing Director hopeful excise duty not increased in Budget 2023 ...Click here
Brewery news UK: Molson Coors set to launch alcohol-free Staropramen 0.0 in the UK ...Click here
Graph of the Week

Table of the Week

EU & UK Malt Production Capacity

Table of the week.

Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

These Days in Business History

23 February
1886 - Aluminum manufacturing process developed
1886 - London Times publishes world's 1st classified ad
1965 - Michael Dell is born. He later drops out of the University of Texas at Austin to found Dell Computer Corp. with the radical idea of assembling made-to-order computers

24 February
1921 - 1st transcontinental flight in 24 hours flying time
1986 - Texas Air buys Eastern Airlines for $676 million
1995 - Dow-Jones hits record 4011.74

25 February
1791 - 1st Bank of U.S. chartered
1837 - 1st U.S. electric printing press patented by Thomas Davenport
1862 - Paper currency introduced in U.S. by President Abraham Lincoln

26 February
1848 - 2nd French Republic proclaimed
1907 - Royal Oil and Shell merge to form British Petroleum (BP)
1993 - World Trade Center bombing
1995 - Barings Bank, one of the oldest and most distinguished investment banks in the world, declares bankruptcy


February 2023:
23 - 25: Brewer World Conclave 2023 (Bengaluru, India)

March 2023:
07 - 09: Expo Antad & Alimentaria Mexico 2023 (Expo Guadalajara, Jalisco, Mexico)
08 - 11: Festival Brasileiro da Cerveja 2023 (Blumenau, Brazil)
15 - 16: BeerX 2023 (Liverpool, UK)
20 - 24: IBD Asia Pacific Convention 2023 (Adelaide, Australia)
23 - 25: Warsaw Beer Festival 2023 (Warsaw, Poland)
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)
22 - 23: Zythos Beer Festival 2023 (Kortrijk, Belgium)

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)
12 - 13: Copenhagen Beer Festival 2023 (Copenhagen, Denmark)
18 - 21: Mondial de la Biere 2023 (Montreal, Canada)
21 - 23: The Brewers of Europe Forum 2023 (Prague, the Czech Republic)
22 - 28: Budapest Beer Week 2023 (Budapest, Hungary)
24 - 25: 34d International VLB Craft Brewing Conference (Online)
25 - 27: InnBrew 2023 (Barcelona, Spain)
26 - 28: Barcelona Beer Festival 2023 (Barcelona, Spain)
30 - 01 June: Beviale Mexico 2023 (Mexico City, Mexico)
30 - 01 June: Craft Beer China 2023 (Shanghai, China)

June 2023:
01 - 04: Wiener Bierfest 2023 (Vienna, Austria)
05 - 06: Tallinn Craft Beer Weekend 2023 (Tallinn, Estonia)
10 - 11: Bruges Beer Festival 2023 (Bruges, Belgium)
13 - 14: VLB Africa Brewing Conference 2023 (Douala, Cameroon)
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)
18 - 19: Beervana 2023 (Wellington, New Zealand)

September 2023:
16 - 03 October: Oktoberfest 2023 (Munich, Germany)
18 - 20: 13th Iberoamerican VLB Symposium Brewing & Filling Technology (IBS) (Bogota, Colombia)

October 2023:
04 - 06: Drink Technology India 2023 (Pragati Maidan, New Delhi, India)
08 - 10: EBC Symposium 2023 (Salzburg, Austria)
10 - 12: International Beer Strategies Conference 2023 (Berlin, Germany)
19 - 20: Brew Asia 2023 (Ho Chi Minh City, Vietnam)
20 - 21: Salon du Brasseur 2023 (Parc Expo Nancy, France)
21 - 23: Whisky Live Paris 2023 (Paris, France)

November 2023:
28 - 30: Brau Beviale 2022 (Nuremberg, Germany)

December 2023:
06 - 08: Drink Japan 2023 (Makuhari Messe, Japan)

More events are available on site e-malt.com

News Articles

Brewery news USA: Molson Coors Beverage Co. told by regulators to stop marketing its light beer products by implying rivals’ beers taste like water
Brewer Anheuser-Busch InBev SA has scored at least a temporary win in the long-running battle over light beer brands’ marketing claims, The Wall Street Journal reported on February 23.

BBB National Programs’ National Advertising Division, an ad-industry self-regulatory group, determined that Molson Coors Beverage Co. should stop marketing its light beer products by implying that those produced by rivals have little or no flavor.

AB InBev earlier this year filed a challenge to a mid-2022 ad for Molson Coors’s Miller Lite in which a cyclist pours a can of generic light beer all over his face while a voice-over reads, “Light beer shouldn’t taste like water. It should taste like beer.”

The ad didn’t specifically mention AB InBev brands, which include Michelob Ultra and Bud Light, but the National Advertising Division found that the ad made a measurable claim without appropriate supporting evidence.

“Reliable sensory testing could demonstrate whether consumers detect a watery taste or the complete absence of taste,” the group said. “Consumers may also reasonably expect that the statement is supported by such evidence.”

“In most cases, we find that…if you’re in an area where you’ve got an unnamed competitor who people generally always compare you to, that consumers are going to take ...More info on site

Barley news Canada & China: Malting barley test batches sent to China by container
The malting barley market is developing in the field and at overseas breweries, but it requires constant combat with wheat and other competitors for prairie farmers’ acres, The Western Producer reported on February 23.

The industry is thrilled with good new varieties getting out into farmers’ hands and is making sure to get the grain into Chinese hands as well.

“We facilitate container shipments of new varieties to end users in China so they can do production trials,” Peter Watts, director of the Canadian Malt Barley Technical Centre, said in an interview at CropConnect in Winnipeg.

CMBTC subsidizes the cost of getting the new variety to big commercial brewers in China to entice them into taking a chance on something different than they normally use.

“They don’t want to take the risk,” said Watts.

This year, CMBTC plans to ship 800 tonnes of CDC Churchill to a brewer that does 400-tonne batches. Previously, varieties such as Synergy, Connect, Bow and Fraser have been sent, with 1,000 tonnes being a typical test quantity.

“That’s real market development,” said Watts.

“That’s how we got AAC Connect accepted in China.”

Fraser is also close to being commercially accepted in China after being tried by brewers.

It is important to get commercial brewers ...More info on site

Brewery news USA, CA: Settle Down Brewery & Taproom already open in downtown Gilroy
Giovanni Albanese and Robert Anderson admitted they were nervous when they finally opened the doors to their brewery, Settle Down Brewery & Taproom, in downtown Gilroy, the Gilroy Dispatch reported on February 23.

The two have been brewing hundreds of different beers for years, based on their own tastes. They wondered, would the public have the same palate as them?

Albanese and Anderson also announced their brewery more than two years ago when they signed a lease for the spot at 7515 Monterey St. But the opening date continued to get pushed back, as the building had to not only undergo earthquake retrofitting, but faced constant delays with electricity hookups from Pacific Gas & Electric, a problem that continues to this day and is affecting countless projects throughout the city.

Would everyone lose interest after so long?

But after customers drank 80 gallons of beer over the past two weekends, it’s safe to say those worries were for naught.

Since early February, Settle Down Brewery & Taproom has been open on Saturdays from 1-9pm.

“The community has been great about being patient,” Albanese said. “They came out, and they came out hard to support us.”

On February 20, Albanese and Anderson were busy cleaning their brewing equipment ...More info on site

Brewery news USA, OH: Platform Beer Co. closes its doors in Cleveland
Platform Beer Co. has closed its doors in Cleveland for good, Anheuser-Busch confirmed to News 5 Cleveland on February 22.

Earlier in the day, a News 5 crew saw someone scraping signage listing the business hours off of the Lorain Avenue taproom. The locks on the door also appeared to be changed.

Platform Beer Co. opened on Lorain Ave. in 2014 as the area began seeing rapid growth and investment.

“They really were a catalyst for getting the neighborhood going a bit,” said Darren Cross, the owner of the adjacent home brewing supply story Cleveland Brew Shop.

Cross said the brewery brought new interest to neighborhood and carved out a market for other local businesses.

“It’s sad to see where it’s ended up, but I’m glad we had them for the time we did,” he told News 5.

In 2019, brewing giant Anheuser-Busch, maker of Budweiser, Michelob, and other global beer brands, acquired the brewery. It was a move that quickly expanded the brand's distribution, but also drew criticism from some. A sign posted on the brewpub by one frustrated man shortly after the closure announcement summed up the business as a "capitalism speed run." Someone from inside the store promptly removed the sign.

Wednesday's closure includes ...More info on site

Brewery newsWorld: Bill Gates buys minority stake in Heineken Holding NV
Bill Gates has acquired a minority stake in Heineken Holding NV, the controlling shareholder of the world’s second-largest brewer, for about $902 million, Bloomberg ...More info on site

Brewery newsMalaysia: Carlsberg Malaysia records increase in sales across three markets
The drinkers are back with a vengeance. Carlsberg Brewery recorded increases in sales across three markets – Malaysia, Singapore and even economically troubled Sri ...More info on site

Barley newsWorld: Barley S&D forecast mostly unchanged in RMI’s latest report
Global barley supply & demand is mostly unchanged in RMI Analytics’ latest report; on the supply side crop 2022 remains at 151.7 mln tonnes, ...More info on site

Barley newsEU & UK: Barley crop forecast for 2023 mostly unchanged
In crop 2023, the EU-27 & UK production is mostly unchanged, down slightly to 59.51 mln tonnes, but 0.72 mln tonnes over crop 2022, ...More info on site

Brewery news Malaysia: Carlsberg Managing Director hopeful excise duty not increased in Budget 2023
Carlsberg Brewery Malaysia Bhd managing director Stefano Clini hopes that the retabling of Budget 2023 on February 23 would not bring with it additional excise duties for the beer industry, as he believes the outlook for the company remains uncertain, The Star reported.

He noted that the world is still facing the risk of global recession and strong inflationary pressures.

Clini said while 2023 may not present the same tough hurdles thrown up by the past three years, it would still be fraught with numerous challenges. He is definitely not wishing that increased excise duties be one of them.

Speaking at a press conference after Carlsberg’s results briefing session for its fourth quarter ended Dec 31 2022, he said not elevating beer excise rates would also be good for the government’s coffers, especially since Malaysia already has the second highest excise duty for beer in the world after Norway.

“We do not want people to go to illicit or smuggled products, because if they do, then it would not be positive for the government’s income. Our industry needs a sound policy that would support us in growing our business volumes, which would in turn generate more income for the government,” he said.

While net profit ...More info on site

Brewery news UK: Molson Coors set to launch alcohol-free Staropramen 0.0 in the UK
Molson Coors is set to launch Staropramen 0.0, a new alcohol-free lager that has taken the brewing team more than two years to perfect, The Drinks Business reported on February 23.

Speaking to The Drinks Business, Kathryn Reynolds, marketing controller – premium beers at Molson Coors Beverage Company, said: “The expert Staropramen team has perfected their method of brewing a zero alcohol lager that truly delivers on flavour. The result – Staropramen 0.0 – a full-flavoured Czech pilsner with zero alcohol.”

Staropramen 0.0 will roll out in 330ml bottles and multipacks across selected retailers in March and joins Molson Coors’ line-up of alcohol-free brand variants, including: Cobra Zero, Rekorderlig Alcohol Free and Doom Bar Zero.

Reynolds said: “As the number of alcohol-free occasions continues to increase, we’re confident Staropramen 0.0 will be a popular choice with shoppers and boost low-and-no alcohol sales in retail. This will help the brand continue its upward trajectory, which has already seen it climb seven places in three years to enter the top 30 lager brands in Great Britain.”

Molson Coors outlined how achieving 0.0% alcohol is “significantly more difficult to brew than 0.5%” but stated that Staropramen 0.0 maintains a “subtle sweet flavour and soft malty-fruity aroma”.

The beer ...More info on site

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