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E-Malt.com Newsletter 39a
September 25 - September 27, 2023
Quote of the Week
A surplus of effort could overcome a deficit of confidence.
Sonia Sotomayer
Currency Rates
Base Currency: US Dollar
on September 27, 2023 |
Base Currency: Canadian Dollar
on September 27, 2023 |
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1 USD = 0.9448 EUR
1 USD = 0.8210 GBP
1 USD = 1.3494 CAD
1 USD = 1.5604 AUD
1 USD = 148.9280 JPY
1 USD = 4.9731 BRL
1 USD = 96.2519 RUB
1 USD = 7.3093 CNY
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1 CAD = 0.7409 USD
1 CAD = 0.6083 GBP
1 CAD = 0.7001 EUR
1 CAD = 1.1561 AUD
1 CAD = 110.3450 JPY
1 CAD = 3.6848 BRL
1 CAD = 71.3161 RUB
1 CAD = 5.4157 CNY
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Currency Rates Chart
Equities of the Largest Breweries
North America: Favourable weather in Canada could result in larger barley crop than expected
...Click here
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USA, MI: Longship Brewing Company preparing to open in downtown Lawton later this fall
...Click here
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USA, PA: Iron Hill Brewery & Restaurant ready to open brewpub No. 22
...Click here
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USA, WI: 1840 Brewing Co. bringing its craft beers to Milwaukee’s West Bend
...Click here
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USA: Molson Coors loses bid for retrial in Stone Brewing trademark case
...Click here
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USA, FL: Twelve Talons Beerworks to hold grand opening in Orlando during the first week of October
...Click here
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USA, PA: Devil’s Eye Brewing to close its doors in Dillsburg
...Click here
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USA, DE: Blue Earl Brewing Co.’s business coming to a close at the end of the week
...Click here
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World: AB InBev expects continued growth opportunities in developing and emerging markets
...Click here
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World: Global craft beer sector projected to surpass US$282.6 bln by 2032
...Click here
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India: Carlsberg gets competition watchdog approval to acquire additional 33.33% in Carlsberg South Asia Pte Ltd
...Click here
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World: Barley crop forecast increased thanks to better than expected Russian, Ukrainian, and EU crops
...Click here
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Russia: Guinness soon to be sold in Russia again, state agency claims
...Click here
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Japan: Heineken announces launch of its alcohol-free beer in Japan
...Click here
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Graph of the Week
Table of the Week
Austria Brewing Industry 1980-2022
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
25 September
1639 - 1st printing press in America
1654 - England & Denmark sign trade agreement
1897 - 1st British bus service opens
1926 - Henry Ford announces 8 hour, 5-day work week
2014 - test event (Have to be edited and replaced with a real event description)
26 September
1404 - Brussels Brabants/Limburgse audit-office established
1680 - Tax revolt in Gorinchem due to tax on cereal
1786 - England & France sign trade agreement
1972 - Norway rejects membership in European Common Market
27 September
1825 - Railroad transportation is born with 1st track (Stockton-Darlington)
1968 - France refuses UK entry into common market
1988 - US Senate votes for major federal tax code changes
Agenda
October 2023:
04 - 06: Drink Technology India 2023 (Pragati Maidan, New Delhi, India)
08 - 10: EBC Symposium 2023 (Salzburg, Austria)
09 - 10: 107 VLB October Convention 2023 (Seestrasse 13, 13353 Berlin, Germany)
10 - 12: International Beer Strategies Conference 2023 (Berlin, Germany)
11 - 15: Mondial de la Biere Rio 2023 (Rio de Janeiro, Brazil)
19 - 20: Brew Asia 2023 (Ho Chi Minh City, Vietnam)
19 - 21: Warsaw Beer Festival 2023 (Warsaw, Poland)
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:
01 - 02: Glug Swiss 2024 (Alte Reithalle, Aarau, Switzerland)
09 - 12: HoReCa 2024 (Athens, Greece)
18 - 21: Beer & Food Attraction 2024 (Rimini, Italy)
23 - 25: Finest Spirits 2024 (Munich, Germany)
March 2024:
13 - 15: 108 International Brewing & Engineering Congress 2024 (Groningen, the Netherlands)
13 - 14: BeerX 2024 (Liverpool, UK)
22 - 23: InnBrew 2024 (Barcelona, Spain)
22 - 24: St Malo Craft Beer Expo 2024 (St Malo, France)
April 2024:
11 - 13: KIBEX 2024 (Seoul, South Korea)
21 - 24: Craft Brewers Conference & BrewExpo America 2024 (Las Vegas, USA)
24 - 24: World Beer Cup 2024 (Las Vegas, USA)
May 2024:
20 - 26: Budapest Beer Week 2024 (Budapest, Hungary)
24 - 26: Cerveza Mexico Expo 2024 (Guadalajara, Mexico)
24 - 26: Mondial de la Biere 2024 (Montreal, Canada)
26 - 30: The Brewers of Europe Forum 2024 (Lille, France)
30 - 01 June: Craft Beer China 2024 (Shanghai, China)
June 2024:
06 - 09: Wiener Bierfest 2024 (Vienna, Austria)
11 - 13: Brasil Brau 2024 (Sao Paulo, Brazil)
August 2024:
08 - 10: VIETFOOD & BEVERAGE - VIETNAM 2024 (Saigon Exhibitions and Conventions Center, 799 Nguyen Van Linh Street, District 7, HoChiMinh City, Vietnam)
September 2024:
14 - 15: Bruges Beer Festival 2024 (Bruges, Belgium)
News Articles
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North America: Favourable weather in Canada could result in larger barley crop than expected
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Weather over the past two weeks has been generally favourable and has advanced harvest across Canada with barley yields reported as slightly better than
...More info on site
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USA, MI: Longship Brewing Company preparing to open in downtown Lawton later this fall
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It’s been nearly five years since Joe Magers first tried his hand at brewing beers.
Now with close to 60 beers and four ciders of his own, he’s preparing to open his own brewery, mlive.com reported on September 24.
Magers hopes to be pouring the first beers at Longship Brewing Company later this fall at 114 N. Main St. in downtown Lawton, which is about 20 miles southwest of Kalamazoo.
Magers has more than 20 beers and four hard ciders he’s comfortable showing off at the new brewery.
The hard ciders are all named after Norse goddesses. His flagship cider is called Iduna, named after the keeper of the lifegiving apples that kept the gods young, Magers said.
With a youthful, crisp flavor, he hopes the cider will have the same effect on his patrons.
Magers isn’t the first person to open a brewery at 114 N. Main St. The first brewery to occupy the space was Duster’s, which opened in 1993. Old Hat was then opened by craft beer industry legend Larry Bell in 1998. The space changed hands twice before closing in 2012. Barn Brewers most recently occupied the space from 2015 to 2022.
A regular at Barn Brewers who has lived just outside of
...More info on site
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USA, PA: Iron Hill Brewery & Restaurant ready to open brewpub No. 22
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Back in the pre-pandemic days, it felt like Iron Hill Brewery & Restaurant was opening a brewery and/or restaurant every other day as part of its “20 by 20” initiative. Things have slowed, real estate-wise since nailing that objective, but the Iron Hill team is once again aiming to “open two full-service brewery and restaurant concepts each year for the next few years.” First up is a new restaurant in Pennsylvania’s Lehigh Valley in Spring 2024, the Craft Brewing Business reported on September 26.
A much-anticipated construction milestone is the delivery of brewery equipment, including the tank delivery and installations in the first quarter.
The planned spot in the Lehigh Valley Mall, the largest shopping mall in the Lehigh Valley, will be the 22nd brewery and restaurant overall for Iron Hill, originally founded in Delaware in 1996. The other 21 locations span across Delaware, Pennsylvania, South Carolina and Georgia.
“The Lifestyle Center at the Lehigh Valley Mall in Whitehall is a large, dynamic shopping center, with the location being a naturally strategic step for us to strengthen our brand presence in suburban markets,” said Chris Westcott, CEO of Iron Hill Brewery and Restaurants. “We are thrilled to introduce the Lehigh Valley community
...More info on site
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USA, WI: 1840 Brewing Co. bringing its craft beers to Milwaukee’s West Bend
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Kyle Vetter, owner of 1840 Brewing Co., said when crafting beer, he goes for these five flavors: "Something light, dark, hoppy, sour and fruity."
And now, 1840 Brewing Co. will be bringing those flavorful homemade craft beers to West Bend, the Milwaukee Journal Sentinel reported on September 26.
The brewing company, which opened in Bay View in 2017, is hoping for a November opening at a location near downtown West Bend in a new mixed-used development, said Vetter.
This business already has its foot in West Bend by being the Bock beer provider for Bockfest, a new festival in West Bend planned for March 2, 2024.
Vetter said when city officials approached him about opening a location in West Bend, he embraced the idea with open arms. "We are super excited to highlight what we do. We want to be a part of West Bend," he said.
Vetter said for now, the plan is to brew and craft all beer in Bay View and transport the products to West Bend. He said, however, he is hoping to be able to craft beer in West Bend, possibly by 2024.
Vetter said that 1840 Brewing Co. will have a coffee shop, a tap room and a restaurant area.
...More info on site
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USA: Molson Coors loses bid for retrial in Stone Brewing trademark case
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Beer giant Molson Coors on September 25 failed to convince a federal judge in San Diego to overturn a jury's decision that the company owes $56 million for violating craft brewery Stone Brewing's trademark rights, Reuters reported.
U.S. District Judge Roger Benitez said that Molson Coors was not entitled to a new trial or a court ruling in its favor, rejecting its arguments that the evidence did not support the verdict.
Benitez also denied Stone Brewing's motion for a new bench trial on its allegations that Molson Coors used the "Stone" name in bad faith, which could have justified additional damages.
Molson Coors spokesperson Rachel Dickens said the company disagreed with the decision and is evaluating its options, including a potential appeal. Representatives for Stone Brewing did not immediately respond to a request for comment on the decision.
Escondido, California-based Stone Brewing sued what was then MillerCoors in 2018, arguing its marketing of Keystone beers that focused on the words "Stone" and "Stones" without "Key" caused consumer confusion and infringed its trademarks.
Stone Brewing told the court that Molson Coors had rebranded Keystone to capitalize on the brewery's consumer goodwill. A jury returned a $56 million verdict for Stone Brewing last March.
Sapporo U.S.A. acquired Stone
...More info on site
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USA, FL: Twelve Talons Beerworks to hold grand opening in Orlando during the first week of October
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If craft beer is your thing, you now have a new spot to enjoy brews at near downtown Orlando, WFTV reported on September 25.
The long-awaited Twelve Talons Beerworks has opened in the Milk District.
The new craft brewery -- which previously housed a laundromat - is on East South Street near North Primrose Drive.
It offers up beer, mead and cider.
The brewery is open from 5 p.m. until 8 p.m. Monday through Friday during its soft opening.
Its grand opening will be held during the first week of October.
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USA, PA: Devil’s Eye Brewing to close its doors in Dillsburg
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Devil’s Eye Brewing will be closing its doors in Dillsburg, after serving the community since 2019. The closing date is set for Saturday, September 30th, Breweries in PA reported.
The brewery first opened its doors in July of 2019 and operated a 4,000 sq/ft location with a 20-seat bar.
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USA, DE: Blue Earl Brewing Co.’s business coming to a close at the end of the week
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For the second time in two months, a major Delaware craft brewery has made headlines for closing its doors, the Delaware Online reported on September 25.
This time it's Ronnie Price, the owner of Blue Earl Brewing Co., breaking the surprising news that his nearly 8½-year run in Smyrna would be coming to a close at the end of this week.
"It's with a heavy heart and overwhelming sadness that we announce the closure of Blue Earl Brewing Company," the brewery posted on its Facebook page on September 25. "This is the last week of service at Blue Earl. Stop in and say goodbye.
"We love you Delaware, Blue Earl family, friends and fans everywhere."
The 11,535-square-foot brewery's final day in operation will be Saturday, September 30.
Said Smyrna Mayor Robert Johnson of the closure: "It's unfortunate that we're losing a great business. They have provided a wonderful service to this town."
In an interview on September 26, Price pointed to both after-effects of the COVID-19 pandemic and a more competitive alcohol market for his decision to pull the plug.
Prices for materials needed to both make and package beer have risen and his Smyrna Business Park taproom sales never recovered from the pandemic due to changing
...More info on site
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USA, OH: North High Brewing to cease operations
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Columbus-based North High Brewing planted a flag in Ohio City (2814 Detroit Ave.) two summer ago. On September 25, management announced that it would cease operations, the Cleveland Scene reported.
Founded in 2011, the brewery began as a brew-on-premise operation before hiring brewmaster Jason McKibben in 2014. Since then, North High expanded beyond its initial flagship in the Short North neighborhood of Columbus to a full production brewery with taprooms in Dublin, Springfield, Cincinnati and Indianapolis.
The brief announcement follows:
"A bitter-sweet farewell to our Ohio City location. Today we made the difficult decision to permanently close NHB OC. We want to thank the entire Ohio City and Cleveland community for their continued support over the past 2 years. Thanks for the memories, Cleveland."
The attached COhatch co-working space remains open.
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World: AB InBev expects continued growth opportunities in developing and emerging markets
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Anheuser-Busch InBev held its Capital Markets Day on September 21 with a clear message that the beer giant expects continued growth opportunities in developing
...More info on site
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World: Global craft beer sector projected to surpass US$282.6 bln by 2032
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The size of the global craft beer sector is projected to surpass US$282.6 billion by 2032, according to a new report, The Drinks Business
...More info on site
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India: Carlsberg gets competition watchdog approval to acquire additional 33.33% in Carlsberg South Asia Pte Ltd
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Competition Commission of India (CCI) on September 26 cleared Carlsberg Breweries' proposed acquisition of an additional 33.33 per cent stake in Carlsberg South Asia
...More info on site
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World: Barley crop forecast increased thanks to better than expected Russian, Ukrainian, and EU crops
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Global barley production forecast has shifted upward to 140.5 mln tonnes, up from 138.9 mln tonnes earlier this month, RMI Analytics said in their
...More info on site
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Russia: Guinness soon to be sold in Russia again, state agency claims
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Guinness could soon be sold in Russia once again, according to reports stating a Kremlin agency has approved its importation, The Drinks Business reported on September 25.
The reports via Russian state agency Rosaccrediation reveal that the Moscow Brewing Company (MPC) has officially approved the distribution of Guinness in an agreement that will assist with the importation of the stout brand to the sanctions-hit country.
Despite the claims being made, Guinness owner Diageo told The Drinks Business (db) that an about-turn has not been made from the company’s end and Diageo has reiterated its stance on imports to Russia.
A spokesperson for Diageo exclusively told db: “In March 2022, we stopped all imports of our products to Russia and stopped third-party, local production of beer and bottling of spirits. In June 2022, we then took the decision to responsibly wind down our business there and that process is now almost complete. Diageo is not either directly or indirectly importing or selling any products in Russia.”
The situation of Guinness being made available in Russia, despite Diageo’s moves to stop it, has been speculated to have arisen from Russia’s access to parallel imports where a Russian company has a registered declaration issued by the respective
...More info on site
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Japan: Heineken announces launch of its alcohol-free beer in Japan
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Dutch multinational brewer Heineken has announced the launch of its alcohol-free beer in Japan, marking the brew’s 110th market worldwide, The Drinks Business reported on September 27.
The launch, which is set to take place on 16 October 2023, means that Heineken 0.0 has now been brought to 110 markets worldwide since it was first introduced in 2017.
The expansion of Heineken 0.0 to Japan marks the next step in the company’s progress as it continues to embrace evolving societal trends around alcohol consumption.
Tony Wheeler, Heineken Japan president, said: “As a pioneering brewer, we are committed to developing innovative new product offerings to meet consumer needs. Heineken 0.0 offers Japanese consumers new options for a variety of drinking occasions. it will also be in line with recent cultural trends such as responsible drinking and balanced, healthy lifestyles.”
Heineken has big plans for the Japanese launch of its 0.0 campaign, which is set to include TV commercials, digital and in-store promotional activities and retail promotions.
In addition, Heineken Japan plans to take advantage of Heineken’s partnership with Formula 1 to pre-launch Heineken 0.0 at the Japanese Grand Prix.
The race is being held at the Suzuka Circuit, and began on 22 September 2023. F1 World Champion
...More info on site
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