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E-Malt.com Newsletter 11a
March 13 - March 15, 2023
Quote of the Week
A goal is a dream with a deadline.
Napoleon Hill
Currency Rates
Base Currency: US Dollar
on March 15, 2023 |
Base Currency: Canadian Dollar
on March 15, 2023 |
| |
1 USD = 0.9330 EUR
1 USD = 0.8222 GBP
1 USD = 1.3704 CAD
1 USD = 1.5001 AUD
1 USD = 134.0360 JPY
1 USD = 5.2453 BRL
1 USD = 75.4284 RUB
1 USD = 6.8690 CNY
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1 CAD = 0.7296 USD
1 CAD = 0.5999 GBP
1 CAD = 0.6807 EUR
1 CAD = 1.0944 AUD
1 CAD = 97.7905 JPY
1 CAD = 3.8269 BRL
1 CAD = 55.0315 RUB
1 CAD = 5.0115 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Barley market structurally unchanged from last month
...Click here
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USA, IL: Guinness slated to open a brewery and tap room in Chicago sometime this summer
...Click here
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USA, VA: Blindhouse Beer Co. eyeing late spring opening in Roanoke
...Click here
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USA, MI: Sale of Mackinaw Brewing Company closes on March 10
...Click here
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Canada, AB: Edmonton brewpub Situation Brewing shuts down for good
...Click here
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Asia Pacific: Nominal malt demand low despite region leading in beer production globally
...Click here
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Russia: Turkish brewer Anadolu Efes reaches agreement to purchase Calrsberg’s Russian breweries - sources
...Click here
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Nigeria: Guinness Nigeria reports unaudited results for six months through 31 December
...Click here
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Germany: Beer industry needs regular price increases to survive - Bitburger Brewery Group
...Click here
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Ukraine: Beer and malt output decline in January-February
...Click here
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The Philippines: San Miguel Brewery’s net income up 6.4% in 2022
...Click here
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World: Bearish trend weighing on global barley prices
...Click here
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EU & UK: Barley prices see some movement due to increasing concern about dryness in France
...Click here
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Australia: Malting barley exports up 154% in January
...Click here
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Nigeria: Nigerian Breweries announce worst February sales in 15 years
...Click here
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Kenya: Heineken set to introduce new liquor and beer brands in Kenya
...Click here
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Sri Lanka: Beer stocks piling up in warehouses due to decrease in demand
...Click here
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UK: Alcohol-free Carlsberg 0.0 launching this week in select Tesco stores
...Click here
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Graph of the Week
Table of the Week
The Number of Breweries in Europe 2017 - 2021
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
13 March
1974 - Charles de Gaulle Airport opens near Paris France
1979 - European Monetary System is established, ECU created
1986 - Microsoft Corp. goes public at an initial offering price of $21 a share, raising $61 million just one day after Oracle Corp.'s own IPO. Microsoft closes the day at $28.
2008 - Gold prices on the New York Mercantile Exchange hit $1,000 per ounce for the first time
14 March
1634 - Academie Francaise opens
1821 - On one of the quietest days in Wall Street history, the market is open, but not a single share of stock changes hands
1950 - General Motors reports net earnings of $656,434,232 (record)
15 March
1817 - The New York Stock Exchange officially prohibits the "fictitious sales," or wash sales, that had enabled speculators to manipulate individual stocks without even owning them
1827 - University of Toronto is chartered
1892 - 1st escalator patented by inventor Jesse W. Reno (New York City)
1906 - Rolls-Royce Limited is incorporated
1933 - Polythene discovered by Reginald Gibson and Eric William Fawcett
1935 - Percy Shaw founded his company Reflecting Roadstuds Limited to make cat's eyes
1985 - The first Internet domain name is registered
Agenda
March 2023:
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)
February 2024:
23 - 25: Finest Spirits 2024 (Munich, Germany)
News Articles
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Canada: Barley market structurally unchanged from last month
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Structurally, the Canadian barley market is unchanged from last month with strong domestic feed values making export barley (malting and feed) hard to compete
...More info on site
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Canada, BC: Craft brewers face rising exchange tax
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In 1981, John Mitchell was granted the first craft brewery licence in Canada. A year later, he opened Horseshoe Bay Brewing and started a cottage industry that became a revolution, MSN reported on March 10.
Forty years later, B.C. has 240 craft breweries, holds a 30-per-cent market share of B.C.’s total beer sales, and employs over 4,500 people across the province.
Now brewers are on the hook for a 6.3-per-cent increase to the federal excise tax, a tariff that is tied to inflation. The excise tax rate is adjusted annually based on fluctuations in the Consumer Price Index, a model that has been in place since 2017.
After hovering at around one to 1.5 per cent for the last few years, this year’s increase will hit craft brewers hard, says Ken Beattie, executive-director of B.C. Craft Brewers Guild.
“The majority of craft brewery businesses in B.C. are small producers, independently owned and operated,” said Beattie. “The money that is collected by them stays in the province, in the community, and creates jobs locally. We should look after these small breweries.”
Federal excise taxes are a production tax that applies to beer, wine and spirits, as well as cannabis, with different rates for different products. The
...More info on site
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USA, IL: Guinness slated to open a brewery and tap room in Chicago sometime this summer
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While Guinness has had its sights set on Chicago for a while now, the legendary beer company made it official on Friday, March 10, NBC Chicago reported.
Guinness is slated to open a tap room and brewery in the city's Fulton Market neighborhood sometime this summer, the company said in a fitting announcement with St. Patrick's Day just days away. Located at 901 W. Kinzie St., the Guinness Open Gate Brewery will be housed inside a former railroad depot, which the company is currently renovating.
Twelve to 16 rotating beers will be offered at any given time, like the iconic Guinness Draught Stout and other beers imported from the Guinness brewery in Dublin. Experimental brews unique to Chicago will also be on tap, too.
The taproom will bring the "style of each of Chicago's 77 unique neighborhoods to life" within its walls through local collaborations that highlight the city's history and flavors, according to a news release.
Along with plentiful beer options and local artwork, you'll also be able to sit down and enjoy a meal.
The brewery will include a full-service restaurant with both indoor and outdoor seating and classic Irish dishes, including brown bread as well as Beef and Guinness stew. Guinness says
...More info on site
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USA, VA: Blindhouse Beer Co. eyeing late spring opening in Roanoke
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Tyler Wert brings a beer brewer’s certificate, job experience at a Richmond brewery, a passion for wild yeast and a beer-themed last name to the challenge of creating Roanoke’s next craft beer venue, the Roanoke Times reported on March 12.
The former head brewer at Triple Crossing Beer in Richmond, Wert, along with his wife, Nicole Davidson-Wert, say they’ll open Blindhouse Beer Co. in late spring. They’ve rented a building a fraction of a mile from A Few Old Goats Brewing, Big Lick Brewing, Golden Cactus Brewing and Twisted Track Brewpub.
Blindhouse, located at 534 Salem Ave. S.W., will be the fifth brand in what some people describe as downtown Roanoke’s “beer alley.”
“It’s going to be a quaint, little, Euro-style cafe vibe,” Wert said.
It is not lost on Wert that his name is pronounced identically as wort, the unfermented malt extract that is the foundation of beer. That brewing step, however, he performs at a Winston-Salem, North Carolina, brewery, Lesser-Known Beer Co. He trucks the wort to his production room for the remaining steps to create beer.
Blindhouse will serve a lineup of farmhouse-style beers on tap and in bottles and kegs.
If you had asked folks who attended the recent Business of Brewing
...More info on site
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USA, MI: Sale of Mackinaw Brewing Company closes on March 10
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The sale of Mackinaw Brewing Company in downtown Traverse City closed on March 10, according to Realtor Jack Lane.
The business and building at 161 E. Front St. was purchased for $3.2 million by 161 E. Front Street TC LLC. The group includes North Peak Brewing Company co-owner Jon Carlson, according to Lane.
An email and a phone message to Carlson were not returned on Friday.
Mackinaw Brewing Company launched in 1997. Rod and Lisa Langbo bought the business in 2002.
The Langbos listed the business and building for sale in April 2022. Mackinaw Brewing had its last business day on Dec. 30, according to Facebook posts.
"That was the original brew pub in Traverse City," Lane said. "(The Langbos) would like to convey to Traverse City thanks for all the support through the years."
The property is a 122-year-old, three-story, 12,480-square-foot structure, Lane told the Record-Eagle for an April 13, 2022 article. The original list price was $4.95 million.
The Langbos were looking to step away from running the business, Rod Langbo said in April.
"We're ready to retire," Rod Langbo said in April. "... we've been at Mackinaw for 22 years. We want to travel."
"They're great operators," Lane said of the Langbos. "They'd love to sit
...More info on site
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Canada, AB: Edmonton brewpub Situation Brewing shuts down for good
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After almost seven years in business, Edmonton brewpub Situation Brewing has shut down brewing operations and sold off its brewhouse, the Canadian Beer News reported on March 13.
Owner Wayne Sheridan told prairie beer blog On Beer that the impact of the COVID-19 pandemic was too much for the company to bear, forcing it “out of the beer making biz” last month.
When it opened in 2016, Situation sold beer exclusively on draught with growler fills as the only take-away option. That remained the case until cans were introduced early in the pandemic in order to continue retail sales during the lockdown.
While the brewery is now shuttered, the bar and restaurant side of the business remains in operation for now, and Sheridan is reportedly in negotiation with a potential buyer who may restore the brewhouse and restart brewing on-site.
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Asia Pacific: Nominal malt demand low despite region leading in beer production globally
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In terms of global beer production, the Asia Pacific holds a clear position as the leading market, but the nominal malt demand from the
...More info on site
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Russia: Turkish brewer Anadolu Efes reaches agreement to purchase Calrsberg’s Russian breweries - sources
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Turkish brewer Anadolu Efes has reached an agreement with Denmark's Carlsberg to purchase its eight Russian breweries, Vedomosti daily reported on March 15, citing
...More info on site
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Nigeria: Guinness Nigeria reports unaudited results for six months through 31 December
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Guinness Nigeria Plc, a leading beverage and alcohol company in Nigeria and a subsidiary of Diageo Plc, announced on March 12 its unaudited results
...More info on site
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Germany: Beer industry needs regular price increases to survive - Bitburger Brewery Group
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Beer drinkers will have to expect more frequent price increases in the future than in the past, according to the Bitburger Brewery Group, Yumda
...More info on site
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Ukraine: Beer and malt output decline in January-February
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Ukraine’s beer output dropped by 8.9% to 1.62 mln hl in January-February this year, Interfax Ukraine reported on March 11 citing data by Ukrpivo.
The
...More info on site
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The Philippines: San Miguel Brewery’s net income up 6.4% in 2022
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San Miguel Brewery Inc. on March 10 reported a consolidated net income of P21.80 billion in 2022, up by 6.4 percent from 2021, The
...More info on site
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World: Bearish trend weighing on global barley prices
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A widespread bearish trend is permeating global grain prices and as a result is weighing on barley prices, RMI Analytics said in their latest
...More info on site
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EU & UK: Barley prices see some movement due to increasing concern about dryness in France
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European barley prices have undergone some significant movement over the past two weeks, as increasing market concern about dryness in France left the market
...More info on site
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Australia: Malting barley exports up 154% in January
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Australia exported 417,215 tonnes of feed barley, 55,720t of malting barley and 50,115t of sorghum in January, according to the latest export data from
...More info on site
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Nigeria: Nigerian Breweries announce worst February sales in 15 years
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Nigerian Breweries (NB) has announced its worst February sales in 15 years due to a drop in beer consumption in Nigeria, Legit.ng reported on March 12.
The drop in consumption occurs as the Central Bank of Nigeria drained about 2.1 trillion old naira notes off circulation.
NB products include 33 Export lager beer, Williams dark ale, Turbo Kings dark ale, More lager beer, malt drinks, Maltina Pineapple, Maltina Vanilla, Amstel Malta Ultra, Star Radler Red Fruits, and Desperados.
Speaking on the low sales, Hans Essaadi the Chief Executive Officer of Nigerian Breweries explained that Nigerians have spent hours — often in vain — waiting in ATM queues to withdraw banknotes.
He added: "Nigerian Breweries Plc like many other businesses, depends on cash for about 80% of its retail sales."
"Sales have been hit this quarter, not because people don’t have the appetite to consume, but because there’s no money. For the average man on the street, it’s a disaster.”
To ease the impact on sales, BusinessDay reports that Nigerian Breweries plans to help some of its registered outlets to procure so-called point of sale devices to encourage electronic payments by customers.
Essaadi said: "We believe that with the demographics of this
...More info on site
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Kenya: Heineken set to introduce new liquor and beer brands in Kenya
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Dutch brewer Heineken is set to introduce new liquor and beer brands in Kenya from the Southern Africa market after tying up its acquisition of South Africa-based Distell Group and Namibia Breweries Limited (NBL), the Business Daily reported on March 13.
Completion of the deal opens the door for the new Heineken subsidiary to market in the Kenyan and wider East African region beer brands from the NBL stable, which includes Windhoek, Tafel and King lagers, Camelthorn, Hansa Draught beer, and Strongbow Cider.
Distell is also likely to expand the local offerings of its product portfolio which comprises spirits, wines, cider, whisky, and gin. Heineken is a specialist in premium beer and cider brands.
The tie-up that has now received the final approval from South Africa’s competition authority will see the formation of a new entity called Sunside Acquisitions Limited (Newco) that will be jointly owned by Heineken (65 percent) and Distell (35 percent).
As part of the transactions, Distell will bring its interests in its subsidiaries including Kenya Wine Agencies Limited (Kwal) to Sunside, while Heineken’s distribution businesses in Tanzania, Uganda, Kenya, and South Sudan will also be transferred to the subsidiary.
Heineken said last week that the new subsidiary will be focused on
...More info on site
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Sri Lanka: Beer stocks piling up in warehouses due to decrease in demand
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Sri Lanka’s Excise Department said that beer products produced by some liquor companies are piling up in warehouses without being able to be sold due to the decrease in alcohol sales by about 30%, the Sri Lanka Mirror reported on March 12.
As a result, some companies involved in liquor production have been closed for two or three weeks.
Meanwhile, Excise Commissioner General Saman Jayasinghe has told the media that the Excise Department is focusing on increasing the export of locally produced liquor products as local sales have fallen.
The Commissioner also said that the annual export income of Rs.22 billion is expected to be increased to Rs.30-35 billion.
It was said that although the price of ethanol has increased rapidly in the past, the price of ethanol has come down now and that there is a surplus of ethanol in Sri Lanka.
However, the Excise Department said that due to the current economic crisis, there is less motivation to buy alcohol in a background where the prices of all goods in Sri Lanka have increased.
Therefore, the Excise Department has planned several strategies to achieve this year’s revenue target of Rs.214 billion.
Also, they pointed out that there are about 350 vacancies at the department and
...More info on site
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UK: Alcohol-free Carlsberg 0.0 launching this week in select Tesco stores
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Carlsberg Marston’s Brewing Company (CMBC) is launching alcohol-free Carlsberg 0.0, betterRetailing reported.
Available in a 4x330ml bottle format, Carlsberg 0.0 is launching this week in more than 300 Tesco stores, ahead of a wider rollout planned for later this year.
The supplier said it has “ambitious plans” for the beer’s wider distribution
It contains 63 calories per bottle and tested well among current UK alcohol-free buyers. According to the supplier, 64% expressed intent to purchase the new variety.
The launch comes as alcohol-free lagers have grown 6% in off-trade value sales in the last 12 weeks, compared to the same period last year, according to Nielsen figures.
Sam Johnson, head of marketing – Carlsberg, Core Lager & Cider at CMBC, said: “Carlsberg 0.0 is everything you’d expect from a well-balanced Pilsner, just crafted to contain zero alcohol. The alcohol-free category has seen great growth in the UK in recent years, as consumers seek to moderate their alcohol consumption across a wider range of occasions. The launch gives consumers a new choice for 2023 that is uncompromising on quality, taste and enjoyment.”
The supplier will support the launch with a nationwide outdoor and social media advertising campaign.
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