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E-Malt.com Newsletter 16a
April 15 - April 17, 2013
Quote of the Week
"Once you replace negative thoughts with positive ones, you'll start having positive results."
Willie Nelson
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Currency Rates
Base Currency: US Dollar
on April 17, 2013 |
Base Currency: Canadian Dollar
on April 17, 2013 |
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1 USD = 0.7635 EUR
1 USD = 0.6531 GBP
1 USD = 1.0229 CAD
1 USD = 0.9655 AUD
1 USD = 97.4785 JPY
1 USD = 2.0017 BRL
1 USD = 31.4636 RUB
1 USD = 6.2442 CNY
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1 CAD = 0.9778 USD
1 CAD = 0.6386 GBP
1 CAD = 0.7465 EUR
1 CAD = 0.9441 AUD
1 CAD = 95.3158 JPY
1 CAD = 1.9572 BRL
1 CAD = 30.7655 RUB
1 CAD = 6.1057 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada & EU: Persistent cold raises questions over barley crop prospects
...Click here
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Canada & USA: Top quality 2 row malting barley demanded but difficult to find in Canada, US market shows a weaker trend
...Click here
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USA & Canada: Chicago’s Goose Island craft beer brands to be available in Ontario
...Click here
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Canada, AB: Alberta beermakers ask for changes in the local beer tax policy
...Click here
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USA, NC: Foothills Brewing to increase production by 72%
...Click here
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USA, CA: Karl Strauss Brewing beer sales up 30% in the first quarter of 2013
...Click here
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USA, MO: Urban Chestnut Brewing Co. to open second brewery
...Click here
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USA, OR: Ninkasi Brewing Company releases Sterling Pils
...Click here
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USA, HI: Maui Brewing Company and Lost Abbey release collaborative beer
...Click here
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USA, MI: Unruly Brewing Co. to open in June in downtown Muskegon
...Click here
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Canada, AB: Big Rock Brewery releases Erratic Stone-Fired Ale as next beer in its Alchemist Edition series
...Click here
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UK: Barley usage for malting declines in July - February
...Click here
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The Philippines: San Miguel Brewery completes tender offer for remaining public-owned shares
...Click here
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Singapore & China: Asia Pacific Breweries divests its stake in Shanghai Asia Pacific Brewery Company
...Click here
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Ethiopia: New malting plant in Gonder expected to go operational in June
...Click here
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Mexico: SABMiller ‘quite positive’ of Mexico opening-up as a beer market
...Click here
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Ukraine: Barley output forecast revised down to 7.8 mln tonnes
...Click here
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France: Malting and feed barley markets calm and waiting for final plantings reports
...Click here
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Russia: Barley production forecast to increase by 2.1 mln tonnes this year
...Click here
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EU: Barley exports active in March, markets up for old and new crop deliveries
...Click here
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World: This year’s weather does not leave many chances for record crops of wheat and barley - analysts
...Click here
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Australia: Melbourne brewery attempts to battle CUB to revive historic beers
...Click here
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Ireland: Diageo to close its state-of-the-art plant in Waterford
...Click here
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South Africa & UK: Burn Stewart Distillers sold to South Africa’s Distell
...Click here
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UK: New spring barley growers urged to treat their crops as if they were destined for malting
...Click here
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North Korea: Beer demand outstrips supply but brewing approval from authorities may just never come
...Click here
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Malawi: Carlsberg Malawi hikes prices by an average of 20%
...Click here
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Graph of the Week
Table of the Week
German Spring Malting Barley Production Forecast 2013
Prices Evolution
Barley Prices
Canadian Malting and Feed Barley Prices
US Malting and Feed Barley Prices
French Malting and Feed Barley Prices
Theoretical Malt Prices
Canadian Malt Prices
US Malt Prices
Theoretical EU Malt Prices
Scientific Digest
How good is the presence of yeast for dry hopping?
ABSTRACT
A presentation at the Young Scientist Symposium described brewing trials and dry hopping with yeast present versus yeast removed. The US researchers found that the presence of yeast was advantageous in this instance as the method of dry hop removal was by centrifugation and the presence of yeast was found to have several benefits on the operation of the centrifuge but also for the flavour stability of the beer. The researchers also found that with the removal of yeast cells, measurable quantities of myrcene with an effect on the aroma and flavor of the beer were
removed.
Read more
Source: Barth Innovations
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These Days in Business History
April 15
1892 General Electric Company, forms and is incorporated in New York
1952 Franklin National Bank issues 1st bank credit card
1973 Walt Disney Store opens
April 16
1948 Organization for European Economic Cooperation (EEC) forms in Paris
1986 IBM produces 1st megabit-chip
April 17
1704 1st successful U.S. newspaper; published in Boston by John Campbell
1933 Pres. Franklin D. Roosevelt announces that he will issue an executive order embargoing exports of gold and free the exchange rate of the U.S. dollar to float against foreign currencies
1989 An all-financial-news TV service premieres, as CNBC airs its first market broadcast
Agenda
April 2013:
18-20: Pivovar (Brewer) 2013 (Moscow, Russia)
24: International Brewing Awards Ceremony 2013 (London, UK)
26-27: Salon du Brasseur (Saint-Nicolas-de-Port, France)
27-28: Zythos Beer Festival 2013 (Leuven, Belgium)
May 2013:
16-01 June: The Czech Beer Festival 2013 (Prague, the Czech Republic)
22-25: Pivo (Beer) 2013 (Sochi, Russia)
23-25: Copenhagen Beer Festival 2013 (Copenhagen, Denmark)
24-26: The Annual International Beer Festival Latviabeerfest 2013 (Riga, Latvia)
26-30: European Brewery Convention 2013 (Luxembourg)
29-02 June: Mondial de la Biere (Montreal, Canada)
June 2013:
25-27: Brasil Brau 2013 (Sao Paulo, Brazil)
28: III Field Day of Malting, Kvass and Beer Brewing Industry in Russia (Oboyan, Russia)
July 2013:
17-19: China BevTek 2013 (Shanghai, PR China)
August 2013:
06-09: 4th Iberoamerican VLB Symposium 2013 (Buenos Aires, Argentina)
September 2013:
10-12: V Anniversary International Scientific and Practical Conference "Equipment Facilities and Raw Material Base for Malting, Kvass and Beer Brewing Production" (Moscow, Russia)
16-20: Drinktec 2013 (Munich, Germany)
21-06 October: Oktoberfest (Munich, Germany)
26-28: Stockholm Beer and Whisky Festival 2012 (Stockholm, Sweden)
October 2013:
03-05: Stockholm Beer and Whisky Festival 2012 (Stockholm, Sweden)
30-01 November: The Latin American Barley Congress(Bahia Blanca, Argentina)
More events are available on site www.e-malt.com
News Articles
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Canada & EU: Persistent cold raises questions over barley crop prospects
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Persistent cold in many northern hemisphere countries is already raising questions over prospects for the Canadian barley crop, and reminding observers in Europe of
...More info on site
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Canada & USA: Top quality 2 row malting barley demanded but difficult to find in Canada, US market shows a weaker trend
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There appears to be demand for Canadian old crop 2 row malting barley but top quality remains more than difficult to find, if producers
...More info on site
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USA & Canada: Chicago’s Goose Island craft beer brands to be available in Ontario
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Goose Island Brewery, acquired a couple of years ago by AB InBev, is making its first foray into Ontario with a little help from Labatt, National Post reported on April, 15.
Thanks to a tie-up between Goose Island and Anheuser-Busch InBev’s Labatt Breweries division Ontarians will get their first taste of the label’s Vintage Ales collection this spring in the form of Sofie and Matilda, two Belgian-style ales that will be available at select LCBO locations beginning in early May, on a “permanent” basis.
Having seen the explosion of small-batch craft brewers in recent years in the province, as well as its global competitors Molson-Coors gobble up craft brewers such as Creemore Springs and Granville Island, Labatt is looking to carve out its own niche by piggybacking on the established reputation of the Goose Island brand in the craft beer world.
In addition to the two Belgian-style ales, Labatt will also be offering a limited quantity of Pepe Nero, a farmhouse ale brewed with black peppercorns, and Pere Jaques, both styled after Belgian Dubbels. They come in the 765 ml format.
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Canada, AB: Alberta beermakers ask for changes in the local beer tax policy
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A group of small-scale brewers in Alberta are pressing the province to close beer tax loopholes they say are putting them at a competitive disadvantage, CBC News reported on April, 15.
All small-scale brewers’ beers sold in Alberta qualify for the same tax breaks, regardless of whether they are produced in province or not.
This makes it difficult for local brewers to compete, says Alley Kat Brewery co-owner Neil Herbst.
“Because of the way the system works [here], it doesn’t really make economic sense to set up in Alberta,” he said.
“You’re better off to set up in B.C., better off to set up in Quebec — and sell into to Alberta because you get the same rate as if you lived here.”
But it doesn’t go both ways, says Herbst.
Most other provinces have policies in place to encourage the growth of local breweries, says Herbst — but no such legislation currently exists in Alberta.
As a result, it actually costs him more if he wants to sell his company’s beer outside of the province.
He says he’d like to see the playing field levelled.
Thomas Lukaszuk, Alberta’s minister of Enterprise and Advanced Education, is currently conducting a review of the issue.
He said his priority is to ensure
...More info on site
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USA, NC: Foothills Brewing to increase production by 72%
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Foothills Brewing is expanding the Southeast reach of its craft beers through a major production expansion - buying four 200-barrel fermentation vessels, Winston-Salem Journal reported on April, 12.
The company, based in Winston-Salem, said that the expansion eventually will increase its production by 72 percent, as well as allow it to use its existing 100-barrel vessels for new flavor development.
The company received two of the 23-foot tall stainless steel vessels. The other two are scheduled for delivery in early May. The vessels are being placed in Foothills’ 50,000-square-foot brewing facility in south Winston-Salem.
Foothills spokesman Ray Goodrich declined to say how much the company paid for the vessels.
The expansion will enable Foothills to brew up to 40,000 barrels annually compared with just more than 13,000 barrels now.
“We need this equipment to keep up with demand for Foothills beer,” said Jamie Bartholomaus, company president and brewmaster. The company plans to expand its market in the Carolinas, as well as push north to Richmond and northern Virginia and as far west as Nashville, Tenn.
“The move in January to wholesale distribution has raised the bar,” Bartholomaus said. “Our partner wholesalers have done an amazing job creating a much larger market for our brands, so increasing
...More info on site
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USA, CA: Karl Strauss Brewing beer sales up 30% in the first quarter of 2013
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The Brewers Association released its annual list of the Top 50 craft breweries based on 2012 beer sales volume. Karl Strauss Brewing Company was ranked #39 on the list, moving up from #44 in 2011, beerpulse.com reported on April, 15.
Karl Strauss has achieved this ranking with sole distribution in California, while most breweries listed are available in multiple states. “Our approach to growth is to penetrate our local market and provide the freshest beer possible to craft beer fans across California,” says Matt Rattner, President and Co-founder, Karl Strauss Brewing Company. “There are so many people in California who still don’t know about craft beer and we look forward to exposing them to our brand.”
Karl Strauss is keeping up its tremendous growth momentum in 2013 with beer sales up 30% in the first quarter. This far outpaces the craft industry average of 15% volume growth in 2012 and puts Karl Strauss on a pathway to reach more than 60,000 barrels in 2013. The company’s two best sellers, the award-winning Red Trolley Ale and Tower 10 IPA, are up 32% and 69% respectively from last year, showing that demand in a craft-savvy state continues to grow.
“California is one
...More info on site
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USA, MO: Urban Chestnut Brewing Co. to open second brewery
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Two-year-old Urban Chestnut Brewing Co. plans to open a second brewery in St. Louis that will quadruple its current brewing capacity and give it the largest footprint of any St. Louis-area craft brewery, stltoday.com reported on April, 15.
Clayton-based real estate firm Green Street bought the 75,000-square-foot building last month and will lease it to Urban Chestnut. The brewery had been working with Green Street for more than a year to find an expansion property.
Brewery owners David Wolfe and Florian Kuplent will present the project to the Forest Park Southeast Development Committee at a meeting on April, 23. They said they have gotten positive feedback from 17th Ward Alderman Joe Roddy and members of Park Central Development, the 17th Ward’s community development corporation.
“We’re really excited about it, and the next step will be to see what the neighborhood has to say,” said Chris Colizza, Park Central’s neighborhood planner. “To me, it seems like a slam-dunk. It would be a win for the commercial district and the neighborhood at large.”
If all goes according to plan, work will begin next month, and the new brewery and pub will open in early 2014. The redevelopment is expected to cost about $10 mln.
“The space is
...More info on site
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USA, OR: Ninkasi Brewing Company releases Sterling Pils
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Ninkasi Brewing Company announced on April, 16 the release of Sterling Pils, a German-style pilsner, to its line-up of 12-ounce offerings.
As the next installment of its Prismatic Lager Series, this is the first time Sterling Pils will be available in both bottles and on draft throughout all of its distribution areas.
“Sterling Pils is a Ninkasi twist on the Northern German-style lager in which we employ traditional techniques with North American ingredients,” explains Jamie Floyd, Ninkasi founding brewer. “We are excited to release our third Prismatic Lager Series brew, continuing a tradition of thirst-quenching, drinkable beers for all occasions.”
The Prismatic Lager Series, established in 2011 with the release of Ninkasi’s Helles Belles, was created to highlight Ninkasi offerings that are Northwest embellishments of traditional lager styles. Sterling Pils is no exception.
Founded in 2006 by Jamie Floyd and Nikos Ridge, Ninkasi Brewing Company continues to grow from its first batch of Total Domination IPA, to a 50-barrel brewing system located in Eugene, Oregon. Ninkasi’s Flagship Series beers include Total Domination IPA, Tricerahops Double IPA, Believer Double Red, Oatis Oatmeal Stout, and Vanilla Oatis Oatmeal Stout, and are sold throughout Oregon, Washington, Idaho, Alaska, California, Montana, and British Columbia.
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USA, HI: Maui Brewing Company and Lost Abbey release collaborative beer
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Maui Brewing Company recently collaborated with Lost Abbey, a brewery located in San Marcos, California known for its Belgian-inspired beers, mauinow.com reported on April, 15.
Together they have incorporated local Maui-grown lemongrass to create Lemongrass Saison, a 5.5% ABV beer.
This first limited release of 2013 will be available this month in 12 oz. cans and draft.
In total, approximately 500 barrels will be produced. The company plans to can 400 barrels’ worth and make the rest available on draft.
“All market areas where Maui Brewing Company is distributed will receive product but specific allocations will be based on sales,” explained brewery founder Garrett Marrero.
“We have always wanted to can a saison. Working with Lost Abbey really helped put us on the right path to build a great recipe for the style.”
Lemongrass is a popular spring seasoning and Marrero felt it would accentuate the traditional saison character. “The citrusy notes play well into the style. We also wanted to find a locally raised ingredient to showcase.”
The lemongrass came from a local farmer using traditional Polynesian permaculture farming methods to sustainably grow food on lands once depleted by pineapple plantations. A total of 150 pounds of lemongrass was used for the project.
The Lemongrass Saison
...More info on site
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USA, MI: Unruly Brewing Co. to open in June in downtown Muskegon
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Unruly Brewing Co. is beginning to take shape in the Russell Block Market in downtown Muskegon and owners hope to be open sometime in June, mlive.com reported on April, 12.
Equipment is being installed in the lower level of the historic building undergoing renovation, said co-owner Jeff Jacobson. Hopes are for a June opening of the downtown craft-beer microbrewery, but the business will be open for sure by Muskegon Bike Time in July, he said.
“We are making progress and moving along in bringing craft beer to Muskegon,” said Jacobson, a Muskegon business attorney for Parmenter O’Toole. “We think this brewery will be a downtown destination and help bring tourism and many more businesses downtown.”
Unruly isn’t expected to be the only downtown Muskegon microbrewery but it should be the community’s first. Also in the planning stage is the Pigeon Hill Brewing Co.
Rumors continue to float around town about a third and possibly a fourth Muskegon-area microbrewery wanting to establish a location, but no formal announcement has been made. Meanwhile, earlier this year the Fetch Brewing Co. announced plans for downtown Whitehall.
Plans for Unruly have been sent to federal and state licensing officials and approvals are already being granted, Jacobson said. His partners
...More info on site
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Canada, AB: Big Rock Brewery releases Erratic Stone-Fired Ale as next beer in its Alchemist Edition series
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Big Rock Brewery announced the release of the latest instalment in the Alchemist Edition series of limited edition one-off beers, Canadian Beer News reported on April, 16.
Erratic Stone-Fired Ale is a “modern interpretation of a medieval classic”.
Erratic Stone-Fired Ale was released on April, 15 in a limited run of 3,300 swing-top 750 ml bottles, and will be available at select retail outlets in Alberta while supplies last.
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UK: Barley usage for malting declines in July - February
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Total barley usage by British brewers, maltsters and distillers in July – February 2012/13 increased by 0.7% to 1.195 mln tonnes, Defra reported on
...More info on site
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The Philippines: San Miguel Brewery completes tender offer for remaining public-owned shares
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San Miguel Brewery Inc., the beer unit of the Philippine conglomerate San Miguel Corp., has completed the tender offer for the remaining shares owned
...More info on site
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Singapore & China: Asia Pacific Breweries divests its stake in Shanghai Asia Pacific Brewery Company
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Consistent with its premium brand strategy in China, Asia Pacific Breweries Ltd (APB), together with Asia Pacific Investment Pte Ltd (APIPL), on April, 17
...More info on site
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Ethiopia: New malting plant in Gonder expected to go operational in June
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Tiret, an Ethiopian endowment fund is finalizing its new malt production plant in Gonder, Ethiopia. The factory is scheduled to go operational in June
...More info on site
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Mexico: SABMiller ‘quite positive’ of Mexico opening-up as a beer market
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World’s second-largest brewer SABMiller says it feels ‘quite positive’ about the possibility of Mexico opening-up as a beer market, with the nation’s competition authority
...More info on site
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Romania: Beer consumption up 7% in 2012
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Romanians drank 18.2 million hectolitres of beer in 2012, up 7 percent y-o-y, according to data released by the Brewers of Romania Association whose
...More info on site
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Ukraine: Barley output forecast revised down to 7.8 mln tonnes
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UkrAgroConsult on April, 8 revised down its forecast for barley output in Ukraine in 2013 to 7.8 mln tonnes (previous forecast 8.3; previous year
...More info on site
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France: Malting and feed barley markets calm and waiting for final plantings reports
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France’s malting barley market has been very calm this week and assumed a wait-and-see attitude, La Depeche reported on April, 16.
Barley seeding is almost
...More info on site
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Russia: Barley production forecast to increase by 2.1 mln tonnes this year
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UkrAgroConsult forecasts 2013/14 (July/June) barley production in Russia at 16.1 mln tonnes (previous year 14.0).
Domestic use is expected at 13.7 mln tonnes (12.6), exports
...More info on site
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EU: Barley exports active in March, markets up for old and new crop deliveries
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EU barley exports continued actively during March. Licence bookings for the crop year 2012/13 total 4.081 mln tons to-date vs. total crop year bookings
...More info on site
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World: This year’s weather does not leave many chances for record crops of wheat and barley - analysts
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The forecast for the global grain harvest of the USDA Outlook Conference could still be realized, if weather conditions were perfect from now till
...More info on site
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Australia: Melbourne brewery attempts to battle CUB to revive historic beers
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A Melbourne brewery seeking to revive historic beers is taking on beverage giant Carlton and United Breweries (CUB) over the trademark of more than 50 beer labels, ABC News reported on April, 15.
A two-day hearing into the matter began in Melbourne on Tuesday, April, 16.
Thunder Road Brewing Company is hoping to remake many of Australia's historic and forgotten beers.
It says CUB, which is part of South African-owned Foster's, no longer uses the historic labels and should not be able to retain the trademarks.
Thunder Road chief executive Philip Withers says consumers should have the right to drink the labels because they represent Australia's rich beer history.
"We claim they've actually been hoarding these trademarks, they've been banking these trademarks, and that's in order to maintain their domination of the Australian brewing industry," Mr Withers said.
"There's some great examples or regional labels, for example Richmond, Richmond Lager and the actual name Richmond, that was a brewery that was shut down soon after it was sold and bought by CUB in the 1960s.
"The mark's virtually disappeared, nobody remembers that mark, then there are marks from the mid-19th century such as McCrackens - again that's a mark that reflects the history of Australian brewing,
...More info on site
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Ireland: Diageo to close its state-of-the-art plant in Waterford
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Diageo has announced that it intends to pull out of its Waterford city facility ending hundreds of years of brewing on the site, The Irish Times reported on April, 11.
Guinness will close its plant by the end of the year with the loss of 16 full-time and six support staff.
The plant makes Guinness flavour essence (GFE), a liquid concentrate made from barley, which is used in all Guinness brewed worldwide.
Though parent company Diageo said the plant was under review, the closure of the operation still came as a shock to the workers involved.
Diageo invested €40 million in the brewery in 2004 and it remains a state-of-the-art facility.
The company is now looking to consolidate its brewing operations in an expanded facility in St. James’ Gate.
Siptu representative Terry Bryan said the workers were particularly shocked that the plant is closing at the end of this year.
When Diageo announced that it was closing its Dundalk and Kilkenny facilities, the lead in time was almost five years.
He said that the workers did not intend to take the proposed closure as a “fait accompli” and would be making the case for it to remain open.
In the
...More info on site
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South Africa & UK: Burn Stewart Distillers sold to South Africa’s Distell
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Distell has acquired Scotch whisky firm Burn Stewart Distillers from CL World Brands and Angostura Limited for ZAR2.2 bln (US$244 mln).
The deal, announced on April, 15 gives the South African company ownership of Burn Stewart's single malt whisky distilleries, a bottling hall and its marketing and distribution operations. All Burn Stewart whisky stocks currently in maturation also transfer to Distell.
The three distilleries are:
Bunnahabhain, on Islay, which makes Burn Stewart's flagship single malt of the same name;
Tobermory, the only distillery on the Isle of Mull, which produces Tobermory and Ledaig single malts;
Deanston Distillery near Stirling, where Scottish Leader, the top blended Scotch in its category in Taiwan, is produced.
“Our acquisition of Burn Stewart is a very significant development for Distell from a strategic perspective, but also given the rich and proud history and heritage of the brands involved," said Distell MD Jan Scannell. "This gives us an outstanding foundation from which to build, while cherishing their individual traditions.”
The deal follows a JV established in 2007 between Distell and Burn Stewart in which the two parties co-owned and marketed three Scotch whiskies – Bunnahabhain, Black Bottle and Scottish Leader - in sub-Saharan Africa.
Burn Stewart also operates a sales and marketing branch in
...More info on site
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UK: New spring barley growers urged to treat their crops as if they were destined for malting
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New spring barley growers are being urged to treat their crops as if they were destined for malting and to take any premium as a bonus, Farmers’ Weekly reported on April, 16.
Growers are advised to get nitrogen fertiliser on as early as possible and aim for malting as there is little yield downside if the crop ends up in the feed bin.
The area of spring barley is set to soar to the highest level since the late 1980s, after many growers failed to drill all their winter crops in the wet autumn.
Most spring barley varieties are malting ones, so as long as nitrogen is applied early many crops could make malting with no yield penalty.
"Treat it as a malting crop and if you get a premium then that is a bonus," Tim Mayhew, agronomy services manager at farming group Velcourt, is quoted as saying.
His experience of growing malting barley in southern England is that all nitrogen needs to be applied by the end of the first week of April, and his crops always go for malting.
Late drilling because of the cold spring weather makes this more difficult as nitrogen will have to go on later than in Mr Mayhew's recipe
...More info on site
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North Korea: Beer demand outstrips supply but brewing approval from authorities may just never come
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Setting up a brewery in North Korea seemed like a good idea to Harry Kim and his Chinese friends two years ago. Everyone likes beer, even in one of the world's most closed and least understood countries, they reckoned.
Kim and his partners even got the beer flowing after workers strapped equipment onto a truck in the Chinese border town of Tumen and drove it to the North Korean coastal city of Chongjin. Chinese engineers taught the locals how to brew. City officials loved the taste, Harry Kim was quoted as saying by Reuters on April, 12.
But the small Chinese-North Korean venture ran aground within months after failing to get final approval from authorities in Pyongyang.
Kim's experience is an illustration of both the challenge and the potential of doing business in North Korea, which has grabbed global attention in recent weeks with its threats to wage nuclear war on South Korea and the United States.
"It wasn't rejected. We just waited. The central government didn't come and say 'no', but the documents were just never issued and so we eventually gave up," said Kim, a Chinese national of Korean descent living in Tumen in China's northeastern Jilin province.
Building a brewery in Chongjin,
...More info on site
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Malawi: Carlsberg Malawi hikes prices by an average of 20%
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Carlsberg Malawi has confirmed it has adjusted prices for beer and soft drinks by an average of 20 percent, Nyasa Times reported on April, 15.
With the new prices, the cost of 300 millilitre Carlsberg Green is now pegged at $0.7 (K300); while the 640 millilitre bottle is now selling at $ 1.13 (K470).
The brands of Carlsberg Special Brew and Stout are selling at $ 0.8 (K320) from $ 0.7 (K270).
Carlsberg Malawi corporate communications officer Towela Pilling attributed the price increases to “ a number of variables, including raw material costs, commodity price cycles, transportation, freight costs (fuel cost), exchange rates and the general inflation outlook.”
The brewer said they cannot completely rule out price adjustments in the course of time.
Economic observers say the price increase would impact on inflationary pressures.
Malawi inflation is hovering around 35 percent, according to National Statistics Office in Zomba.
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