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E-Malt.com Newsletter 19a
May 06 - May 08, 2024
Quote of the Week
When you arise in the morning, think of what a privilege it is to be alive, to think, to enjoy, to love.
Marcus Aurelius
Currency Rates
Base Currency: US Dollar
on May 08, 2024 |
Base Currency: Canadian Dollar
on May 08, 2024 |
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1 USD = 0.9290 EUR
1 USD = 0.7976 GBP
1 USD = 1.3695 CAD
1 USD = 1.5135 AUD
1 USD = 154.4870 JPY
1 USD = 5.0707 BRL
1 USD = 91.1495 RUB
1 USD = 7.2151 CNY
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1 CAD = 0.7301 USD
1 CAD = 0.5824 GBP
1 CAD = 0.6782 EUR
1 CAD = 1.1050 AUD
1 CAD = 112.7930 JPY
1 CAD = 3.7022 BRL
1 CAD = 66.5497 RUB
1 CAD = 5.2678 CNY
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Currency Rates Chart
Equities of the Largest Breweries
The Netherlands: Beer sales down 2.4% in the first quarter of this year
...Click here
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Belgium: Drinks retailers file complaint over AB InBev’s alleged anti-competitive behaviour
...Click here
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Australia: Australian farmers to sow more barley, less wheat this campaign
...Click here
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USA, MI: Barrister Brewing Company holds ribbon-cutting ceremony in Owosso
...Click here
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USA, MN: HammerHeart Brewery moving their business to Ely
...Click here
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USA, SC: Voodoo Brewing Company to celebrate grand opening in Myrtle Beach
...Click here
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USA, WI: 1840 Brewing Company now open in West Bend
...Click here
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USA, OH: HighGrain Brewing Co. launches second location in Cincinnati
...Click here
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USA, IL: Ginger Road Brewing opens for summer season in Utica
...Click here
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USA, ME: Mason's Brewing Company expands to Machias
...Click here
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World: AB InBev reports 2.6% rise in Q1 revenues in line with expectations
...Click here
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India: United Breweries reports an over eight-fold rise in fourth-quarter profit
...Click here
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World: Corona Extra reclaims the title as the world’s most valuable beer brand
...Click here
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The Czech Republic: Beer production, per capita beer consumption down in 2023
...Click here
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India: Brewers ramping up production on record sales forecast this summer
...Click here
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Brazil: Ambev posts small decline in first-quarter net profit, volumes up 3.6%
...Click here
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UK: Craft beer production rises to pre-pandemic levels for the first time in four years
...Click here
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China: Chongqing Brewery Company to launch newly-built factory in Guangdong province
...Click here
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Nigeria: Benue Investment to build N800 mln brewery in Makurdi
...Click here
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India: American Brew Crafts Pvt Ltd acquires Denzong Brewery in Odisha
...Click here
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UK: Heineken to invest £39 mln to reopen more than 60 closed pubs in the UK
...Click here
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Panama: Heineken begins local production of its Heineken brand in Panama
...Click here
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Graph of the Week
Table of the Week
Germany Beer Market Overview
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
06 May
1851 - San Francisco Chamber of Commerce starts
1889 - Universal Exposition opens in Paris, Eiffel Tower completed
1927 - Academy of Motion Picture Arts and Sciences forms
1997 - The Bank of England is given independence from political control, the most significant change in the bank's 300-year history
07 May
1664 - Louis XIV of France inaugurates the Palace of Versailles
1955 - West Europe Union established
1979 - 5th UNCTAD-conference opens in Manila
1982 - IBM releases PC-DOS version 1.1
1998 - Mercedes-Benz buys Chrysler for $40 billion USD and forms DaimlerChrysler in the largest industrial merger in history
08 May
1888 - George Eastman patents "Kodak box camera"
1899 - Friedrich August von Hayek is born in Vienna (Nobel Prize in economics in 1974)
1929 - John Clifton Bogle, future founder of the Vanguard Group of Investment Cos., is born in Montclair, N.J.
Agenda
May 2024:
14 - 16: International Beer Strategies Conference 2024 (Porto, Portugal)
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)
09 - 11: Bangkok Brewing Conference 2024 (Bangkok International Trade & Exhibition Centre (BITEC) Bangkok, Thailand)
11 - 13: Brasil Brau 2024 (Sao Paulo, Brazil)
14 - 15: Tallinn Craft Beer Weekend 2024 (Tallinn, Estonia)
August 2024:
08 - 10: VIETFOOD & BEVERAGE - VIETNAM 2024 (Saigon Exhibitions and Conventions Center, 799 Nguyen Van Linh Street, District 7, HoChiMinh City, Vietnam)
17 - 20: World Brewing Congress 2024 (Minneapolis, Minnesota)
23 - 24: Beervana 2024 (Wellington, New Zealand)
September 2024:
02 - 04: 14th Iberoamerican VLB Symposium Brewing & Filling Technology (IBS) (Ciudad de Mexico (CDMX), Mexico)
12 - 14: Stockholm Beer & Whisky Festival 2024 (Stockholm, Sweden)
14 - 15: Bruges Beer Festival 2024 (Bruges, Belgium)
21 - 06 October: Oktoberfest 2024 (Munich, Germany)
28 - 30: Whisky Live Paris 2024 (Paris, France)
October 2024:
03 - 04: Brew Asia 2024 (Suntec Convention & Exhibition Centre, Singapore)
23 - 25: Drink Technology India 2024 (Bombay Exhibition Centre, Mumbai, India)
28 - 31: China Brew 2024 China Beverage 2024 (Shanghai, China)
November 2024:
22 - 22: Drink Japan 2024 (Makuhari Messe, Japan)
26 - 28: Brau Beviale 2024 (Nuremberg, Germany)
February 2025:
07 - 10: HoReCa 2025 (Athens, Greece)
16 - 18: BBTech Expo 2025 (Rimini, Italy)
21 - 23: Finest Spirits 2025 (Munich, Germany)
March 2025:
03 - 07: IBD Asia Pacific Convention 2025 (Hobart, Tasmania)
News Articles
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The Netherlands: Beer sales down 2.4% in the first quarter of this year
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Dutch people drank less beer in the first three months of the year than in the same period the previous year. Industry association Nederlandse
...More info on site
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Belgium: Drinks retailers file complaint over AB InBev’s alleged anti-competitive behaviour
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Drinks retailers in Belgium have filed a complaint to the Belgian Competition Authority (BCA) over the alleged anti-competitive behaviour of local beer giant AB
...More info on site
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Australia: Australian farmers to sow more barley, less wheat this campaign
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Australian farmers will reduce the area under wheat during the current planting campaign, according to the report of the Foreign Agricultural Service under the
...More info on site
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USA, MI: Barrister Brewing Company holds ribbon-cutting ceremony in Owosso
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A new brewery in Owosso held a ribbon-cutting ceremony on Monday, May 6, celebrating its grand opening, ABC12 reported.
Barrister Brewing Company is a law-themed brew house.
There are five owners altogether, and some of them worked together in local law offices, leading to the name.
One of the owners says the environment provides a relaxing atmosphere.
"It is a chill vibe, no TVs, no jukebox or anything like that," says co-owner Dan Nees. "It is a place to come on down, enjoy some good beer, some good food and some good company. We are hoping this is a place where a lot of people can get to know each other."
There are new brew tanks where they brew their own beer and will have rotating taps.
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USA, MN: HammerHeart Brewery moving their business to Ely
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Two years and seven months ago, HammerHeart Brewery announced they would be moving their business from Lino Lakes to Ely, The Ely Echo reported on May 3.
After trials and tribulations, and many revisions to their plan, HammerHeart Brewery has finally begun producing their famed smoked beer in town.
There were limited options for HammerHeart to house their operation in Ely, but eventually found their home behind Spirit of the Wilderness Outfitters.
“There were not a ton of options for a commercial-level building in Ely where we could build a brewery. It needs to be industrial,” said Nathanial Chapman, co-owner of the brewery.
To accommodate their equipment, Chapman looked for a building in town with at least 15-foot-tall ceilings, which is rare.
They originally put an offer in for the building where the Ely Area Ambulance Service is located, but it fell through.
“When you need the ceilings to be 15 feet high, it makes it difficult and limits what you can buy,” he said.
They eventually found the property behind Spirit of the Wilderness and decided it was the right fit for their brewery.
The space needed lots of work, however.
“The building was kind of just a raw space. There was a lot of demolition we had
...More info on site
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USA, SC: Voodoo Brewing Company to celebrate grand opening in Myrtle Beach
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A new spot to grab a drink will open soon in Myrtle Beach, WMBF reported on May 6.
Voodoo Brewing Company is bringing its second Grand Strand location to Broadway at the Beach, with a grand opening scheduled for May 11.
The brewery is veteran-owned and independently operated, according to its Facebook page. Voodoo Brewing Company itself is based in Pennsylvania, but has locations in South Carolina, North Carolina, Virginia, Texas, Florida, Colorado and Idaho.
The Facebook page also highlights its flavors of craft beer as well as cocktails and a pub-style food menu.
The Broadway at the Beach spot will be the company’s second local location, with the other being in Murrells Inlet.
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USA, WI: 1840 Brewing Company now open in West Bend
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The wait is over. 1840 Brewing Company in West Bend is now open, the Milwaukee Journal Sentinel reported on May 3.
The brewing company, which opened in Bay View in 2017, held its grand opening April 27 and 28 at 401 N. Main St. in West Bend and just released the hours for the new location.
The business will be open 3 to 9 p.m. Monday through Wednesday; 3 to 10 p.m. on Thursday; noon to 10 p.m. on Friday and Saturday; and noon to 8 p.m. on Sunday.
The brewery was hoping to open by November 2023.
1840 Brewing Company crafts "high quality ales, lagers, sours, and stouts with a focus on barrel aging and blending," according to its website.
According to company officials, the business will be adding coffee and food service in the future, and the hours will adjust accordingly. Right now, just the taproom and snack service are open. The restaurant is planned to open in a month with the coffee shop opening after.
Right now, the plan is to brew and craft all beer in Bay View and transport the products to West Bend. 1840 Brewing Company owner Kyle Vetter said in the future, the plan is to craft beer in
...More info on site
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USA, OH: HighGrain Brewing Co. launches second location in Cincinnati
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Silverton's HighGrain Brewing Co. has officially opened its second location, in a former Springfield Township bowling alley, the Cincinnati Business Courier reported on May 3.
HighGrain held its grand opening at the former Brentwood Bowl at 9176 Winton Road on May 3. The brewery bought the 50,000-square-foot space in 2022, after the bowling alley closed amid the Covid-19 pandemic.
The $4 million project transformed the former bowling alley into 25,000 square feet of production space, alongside a taproom that can accommodate 300 people, a full bar, a private event space and a large kitchen. The outdoor area has a covered patio that links to green space and a beer garden with rentable space for outdoor events.
The brewery is partnering with Revel OTR Urban Winery and La Terza Artisan Coffee Roasterie to make products from both companies available in its taproom.
HighGrain was founded in 2019 by Josh Jansen, Matt Utter and Brian Liscano. It ranks as the region's 10th-largest brewery, according to Business Courier research.
The brewery worked with Dayton-based Alt Architecture on the design of the building, and Furlong Building handled the general contracting work.
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USA, IL: Ginger Road Brewing opens for summer season in Utica
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Ginger Road Brewing in Utica opened for the summer season this weekend, the Shaw Local reported on May 5.
The nano brewery that opened last summer behind Bruce & Ollie’s, 166 Mill St., will be open 5 to 9 p.m. Friday and noon to 9 p.m. Saturday.
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USA, ME: Mason's Brewing Company expands to Machias
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Fans of Maine-made brews and pub grub are in luck - Mason's Brewing Company has expanded to Machias, Fox22 reported on May 2.
Mason's Downeast officially opened to the public just over a week ago, and Mason's Brewing Company owner Chris Morley says the reception has been overwhelmingly positive - to the point that they nearly ran out of food to serve during opening weekend and closed down temporarily to restock.
"I'm ecstatic. Just the way the community has embraced us. It's nice to be part of a tight-knit community - in the same way Brewer has been very good to us - we've become a community-based restaurant," said Morley.
The eatery has since reopened and features all the familiar favorites included at the Brewer location - with the exception of a few new dishes that have a touch of what Morley calls "Downeast flair."
"We've added lobster-tails to hamburgers, we've got a couple of crab specials. We have a fried haddock burger that's done in beer batter," said Morley.
Mason's Downeast sits at 78 Main Street in Machias - the former home of the Bluebird Ranch Family Restaurant, and is open Wednesday through Monday 11 a.m. to 9 p.m.
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World: AB InBev reports 2.6% rise in Q1 revenues in line with expectations
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Anheuser-Busch InBev shares rose more than 5% on May 8, in response to a strong first-quarter performance and anticipated relief from the impact of
...More info on site
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India: United Breweries reports an over eight-fold rise in fourth-quarter profit
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India's United Breweries reported an over eight-fold rise in fourth-quarter profit on May 7, helped by price hikes and higher sales of its premium
...More info on site
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World: Corona Extra reclaims the title as the world’s most valuable beer brand
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Corona Extra has reclaimed the title as the world’s most valuable beer brand, after a 40 per cent increase in its brand value saw
...More info on site
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The Czech Republic: Beer production, per capita beer consumption down in 2023
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Breweries in the Czech Republic brewed around 20 million hectolitres of beer last year, down 2.7 percent year-on-year, according to data released by the
...More info on site
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India: Brewers ramping up production on record sales forecast this summer
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For all the livelong years it has been around, beer has been associated with leisure and relaxation. Of late, it has become more than
...More info on site
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Brazil: Ambev posts small decline in first-quarter net profit, volumes up 3.6%
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Brazilian brewer Ambev SA posted a small decline in net profit for the first quarter but the result handily beat expectations on a positive
...More info on site
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UK: Craft beer production rises to pre-pandemic levels for the first time in four years
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Beer production volumes amongst Britain’s independent breweries have risen to pre-pandemic levels for the first time in four years.
The data, revealed in the SIBA
...More info on site
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China: Chongqing Brewery Company to launch newly-built factory in Guangdong province
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Chongqing Brewery Company, representing Carlsberg China, will soon launch the trial operation for its newly-built factory in Foshan, Guangdong province, to meet growing market
...More info on site
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Nigeria: Benue Investment to build N800 mln brewery in Makurdi
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The Benue Investment and Property Company, BIPC, is set to build an N800million brewery in Makurdi (central Nigeria) to produce its beer brand at the end of the year while its packaged water and bread will be in the market by the end of May, the Vanguard News reported on May 7.
The Managing Director and Chief Executive Officer, of the company, Dr. Raymond Asemakaha made this known Tuesday shortly after an inspection tour of ongoing work at the sites of the brewery, bakery and water factory in parts of Makurdi.
He said the company was going into beer production to enable the state also reap from the over N850million other beer firms rake from sales in the state monthly.
He said “when we came in we discovered that beer consumption in the state is within the range of N850million and N870million per month. In December alone the sale hit N1billion.
“So we want to see how we can retain large percentage of the cash flow within the system because the people in this business are taking our money out of Benue since no beer producing factory is in the state.
“So we resolved to float a new company that would produce a high quality
...More info on site
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India: American Brew Crafts Pvt Ltd acquires Denzong Brewery in Odisha
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American Brew Crafts Pvt Ltd (ABCL), a leading brewing company renowned for its exceptional brews, announced its recent acquisition of Denzong Brewery located in Odisha, India, the Business Wire India reported on May 7.
ABCL intends to invest upwards of Rs. 80 Crore for the acquisition and renovation of the brewery. The brewery has a capacity to produce 2 Lakh cases of beer per month. This will augment the owned capacity installation for American Brew Crafts Pvt Ltd the brewers of award-winning Flying Monkey, Blockbuster, and Karjura range of beer to 8 Lakh Cases per month. This strategic move marks a significant milestone for ABCL and facilitates the expansion of its footprint in East & Northeast India, further solidifying its commitment to delivering high-quality craft beers to beer connoisseurs nationwide.
The acquisition seamlessly aligns with ABCL's vision of growth and innovation, propelling the company forward in the dynamic craft beer industry. ABCL ensures quality and consistency by producing beer in small batches. Each batch undergoes meticulous research and is crafted using carefully selected premium malts and hops to ensure a remarkable flavor profile. With this acquisition, ABCL will now operate three state-of-the-art breweries equipped with the latest German Technology located in
...More info on site
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UK: Heineken to invest £39 mln to reopen more than 60 closed pubs in the UK
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Brewing giant Heineken will reopen 62 pubs that were closed in recent years and invest £39m in refurbishing hundreds of sites across the UK, BBC reported on May 6.
The company said the cash injection into its Star Pubs & Bars chain will create more than 1,000 new jobs.
The UK pubs industry has been hard hit by closures both during the Covid pandemic and afterwards as cost of living pressures weighed on consumer spending.
Between 2021 and 2023, pubs have shut at a rate of 500 a year, according to the British Beer and Pub Association (BBPA).
Star Pubs & Bars currently operates 2,400 pubs. In 2019, it had 2,700 pubs across the UK.
A spokesperson for Star Pubs & Bars said: "It would be unrealistic for any major leased and tenanted pub company to have all its pubs open at any one time."
They said the number fluctuates on a range of factors, but added: "Around 95% of ours pubs are open at any one time."
Star plans to renovate more than 600 pubs, choosing locations it said reflect how many of its customers have cut back on how often they commute into city centres.
Heineken said: "With working from home more commonplace and people looking
...More info on site
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Panama: Heineken begins local production of its Heineken brand in Panama
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In a significant event for the Panamanian economy, HEINEKEN Panama has begun local production of its Heineken® beer, marking an important milestone for both the industry and the country. This step reflects a firm commitment to local economic development, job creation, and the implementation of international standards in production, the company announced on May 1.
For more than six decades, HEINEKEN has been an integral part of Panama's business fabric, strengthening its presence with the acquisition of Cervecerías Barú more than 20 years ago. The decision to initiate local production of Heineken® underscores the company's confidence in the economic potential of Panama and its people. This commitment is reflected in the remarkable growth of the brand, which has increased 59% in the last 2 years, highlighting the company's ability to adapt and thrive in the Panamanian market.
The project has been made possible by an investment of more than US$8 million to improve and strengthen the brewery's infrastructure and logistics. The investment not only modernizes the local production plant, but also ensures that the process meets HEINEKEN's rigorous global quality standards. Local production allows the beer to reach Panamanian consumers with a higher level of freshness, reinforcing the brand's value proposition and
...More info on site
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