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E-Malt.com Newsletter 37b
September 11 - September 14, 2014
Quote of the Week
"No pressure, no diamonds."
Thomas Carlyle
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Currency Rates
Base Currency: US Dollar
on September 12, 2014 |
Base Currency: Canadian Dollar
on September 12, 2014 |
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1 USD = 0.7738 EUR
1 USD = 0.6165 GBP
1 USD = 1.0989 CAD
1 USD = 1.0940 AUD
1 USD = 106.9070 JPY
1 USD = 2.2932 BRL
1 USD = 37.4699 RUB
1 USD = 6.1466 CNY
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1 CAD = 0.9102 USD
1 CAD = 0.5611 GBP
1 CAD = 0.7043 EUR
1 CAD = 0.9958 AUD
1 CAD = 97.3062 JPY
1 CAD = 2.0873 BRL
1 CAD = 34.1048 RUB
1 CAD = 5.5946 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Brick Brewing Co. releases financial results for Q2 of 2015
...Click here
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USA: Miller Lite may be able to overcome sliding sales thanks to new “old” packaging
...Click here
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USA: Court denies AB InBev’s motion to dismiss advertising suit over Beck’s beer
...Click here
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USA, NC: Check 6 Brewery to open in Southport this autumn
...Click here
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USA, TX: Rogness Brewing expands Houston distribution
...Click here
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USA, CA: Stone Brewing delays decision on new brewery
...Click here
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World: Latest beer shipments statistics most positive in Germany and Brazil
...Click here
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Japan: Beer and quasi-beer sales volume fall nearly 10% in August
...Click here
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World: Final grain and oilseed production figures may still be higher than expected
...Click here
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EU: Barley exports this year far below last year’s levels
...Click here
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EU: Spring barley harvesting close to an end, total crop figure may surpass 57.8 mln tons
...Click here
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Australia: Barley production forecast to drop to 7.5 mln tonnes this crop year
...Click here
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New Zealand: New Zealand’s largest brewers suffer from continued erosion in demand and margins for mainstream beers
...Click here
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UK: Winter and spring barley yield above 10-year average this year
...Click here
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Graph of the Week
Table of the Week
Czech Hop Acreage and Production 2012-2013
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 alcohol boosts aroma perception
ABSTRACT
While the influence on alcohol content on bitterness
perception has been studied, it has remained unclear what
increasing levels of ethanol do to hop aroma perception.
Researchers studied the effect with the compounds betadamascenone,
carophyllene, citronellol, geraniol, geranyl
acetate, humulene, linalool, myrcene, and nerol in alcoholic
solutions of 5, 10, and 15 percent. Results indicate that
Beta-damascenone, carophyllene, and humulene aroma
thresholds are significantly affected by ethanol content,
while other compounds are not! Just like with anything else
in hop research, results show that contexts are never
simple!
Read more
Source: Barth Innovations
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These Days in Business History
September 11
1910 1st commercially successful electric bus line opens (Hollywood)
1946 1st mobile long-distance car-to-car telephone conversation
2001 terrorist attack on America at the World Trade Center Towers in New York City and The Pentagon in Washington kill nearely 3000 people
September 12
1624 1st submarine tested (London)
1836 The New York Stock Exchange prohibits its members from trading in the streets outside
1970 1st Concorde lands at Heathrow airport
September 13
1898 Hannibal Goodwin patents celluloid photographic film
1905 1st airplane flight in Europe
1970 IBM announces System 370 computer
September 14
1886 George K Anderson of Memphis, Tennessee patents typewriter ribbon
1899 Henry Bliss becomes 1st automobile fatality (NY)
1960 Organization of Petroleum Exporting Countries (OPEC) forms
Agenda
News Articles
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Canada: Brick Brewing Co. releases financial results for Q2 of 2015
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Brick Brewing Co. Limited, the largest Canadian-owned and Canadian-based publicly held brewery in Ontario, released its financial results for the second quarter of its 2015 fiscal year, newswire.ca reported on September, 11.
Net Revenues for the second quarter of fiscal 2015 were C$10.4 mln compared to C$11.4 mln in the second quarter of fiscal 2014. Gross profit for the quarter improved to 31.4% in the second quarter of fiscal 2015, compared to 21.4% in Q2 of the prior year. The improved margins are driven by the non-repeat of promotional costs to support Laker 12 pack bottles in the prior year, coupled with lower operating costs, improving premium product mix and favorable pricing. EBITDA for the second quarter of fiscal 2015 came in at C$1.6 mln compared to EBITDA of C$0.4 mln in the second quarter of fiscal 2014.
"The success we've seen in the Waterloo trademark is very encouraging. Waterloo craft premium brands grew by 39% with strength in our core portfolio, our seasonal mix-pack launch, and the new Waterloo Radler, which has been the hit of the summer. Seagram volume was down in the quarter, driven by reduced listings at the LCBO and the absence of a cider
...More info on site
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USA: Miller Lite may be able to overcome sliding sales thanks to new “old” packaging
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U.S. sales of Miller Lite had been sliding since 2009, trailing Bud Light, Coors Light, and Budweiser. Revenue dropped 7 percent in just 2013, according to Beer Marketer’s Insights. So in January, in an effort to create some buzz, MillerCoors released a limited-edition version of its original 1975 white Miller Lite can, promoted with an Anchorman 2 movie tie-in. Sales of the cans rose so quickly that the company has decided to expand the white label to bottles and taps permanently, Businessweek reported on September 11.
Miller Lite tried numerous bottle redesigns. “All our package innovation tested terrible,” says Ryan Reis, senior director for Miller’s family of brands. But when it returned to the brand’s original graphics, people loved it. In 2012, the company decided to rerelease the beer in the 1975 packaging. “But we needed a reason to do it, otherwise it’d feel too out of the blue,” Reis adds.
Miller Lite’s sports and entertainment marketing department hooked Reis up with Paramount Pictures (VIA), which needed a beer sponsor for Anchorman 2. “We said, ‘Wait, it’s set in 1979? Miller Lite was the hottest beer in the country in 1979!’ ” he says. (Even better: Bud Light didn’t exist yet.) Anchorman
...More info on site
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USA: Court denies AB InBev’s motion to dismiss advertising suit over Beck’s beer
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In his courtroom, after close examination of bottles and cans of Beck’s Beer, and the cartons that held them, a federal judge said one thing was very clear: The labels declaring the brand was actually made in the USA were difficult to read, The National Law Journal reported on September 10.
That observation in U.S. District Court for the Southern District of Florida apparently formed the core of U.S. Magistrate Judge John O’Sullivan’s order denying Anheuser-Busch Cos., LLC’s motion to dismiss a proposed class action accusing the company of misleading consumers into thinking the brews are imported from Germany.
Florida resident Francisco Reny Marty and two other plaintiffs allege AB engaged in unfair and deceptive practices to obscure the fact that, since 2012, Beck’s has been made in Missouri, more than a continent away from the German breweries where the brand reigned for 225 years.
According to the plaintiffs’ complaint in Marty v. Anheuser-Busch, Marty was influenced to buy Beck’s by its labels and marketing, which prominently cited the beer’s “German Quality” and that it was “Brewed Under the German Purity Law of 1516,” in an alleged attempt to obscure its Missouri roots. Marty alleges AB engaged in unjust enrichment and violated California,
...More info on site
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USA, NC: Check 6 Brewery to open in Southport this autumn
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Southport will be the home of Check 6 Brewing Company, slated to open later this fall, wilmingtonbiz.com reported on September, 10.
Owners are currently working on brewing as well as final inspections for the new facility. The owners said they anticipate a mid-October opening and a grand opening celebration in early to mid-November.
The Check 6 founders have a long history of brewing beer. Noah Goldman and Norm Weiss’ grandfather owned a brewery in the 1920s, and both cousins have spent many years home brewing. They won’t be following any of their grandfather’s recipes, however.
“Fortunately, the ingredients we have available to us today are so much better than what was available during Prohibition. A lot of the beer brewed at that time really wasn’t any good,” Goldman said.
Goldman and his friend Tim Hassel have been brewing together since 2006, developing recipes and sharing their beer with family and friends, many of whom encouraged them to start their own brewery.
Over the years, while the number of recipes increased, Goldman's son Mike Goldman began to get involved and learned everything he could about brewing. Noah Goldman and his wife moved to Southport about four years ago, and he and Mike Goldman began scouting out
...More info on site
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USA, OH: Land-Grant Brewing to open in Franklinton
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Brewing at Land-Grant Brewing Co. could begin next week with an official opening and its own beers on tap in early October, bizjournals.com reported on September, 10.
Land-Grant hopes to preview its 3,000-square-foot tasting room and bar, with a few beers from others on tap, at the Sept. 19-21 Independents' Day event.
The tasting room and bar seat around 99. It will have 18 taps – 12 with Land-Grant’s own beer and six from others.
The brewery takes up 9,000 square feet and has a 20-barrel brewhouse and four 45-barrel ferment tanks. Land-Grant will be adding a canning line of its own as well.
Benner said the opening lineup of beer will include a lower-alcohol session IPA, a brown ale and a kolsch made with American hops. Brewmaster is Jamie Feihel, formerly of Columbus Brewing Co.
It’s been a long journey for Benner and co-owners Walt Keys and Quintin Jessee, who have been working on the brewery since 2012. They planned to operate as Oval Brewing. An Austrian vodka company already had that name, so it became Land-Grant.
“We wanted to be in an urban setting,” Benner said. “That’s where breweries were. They were meeting places for the neighborhood.”
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USA, TX: Rogness Brewing expands Houston distribution
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Bluebonnet Distributing, LLC announced on September, 10 it has partnered with Rogness Brewing Company, LLC, an Austin-based craft brewer, to build a large-scale distribution territory in the Houston market.
This partnership will greatly enhance the ability for craft beer fans to access their favorite Rogness beers beginning in October of 2014.
“We are excited and proud to announce this partnership. With 10 regular offerings in bottles and on draft, we are eager to enter the Houston market with an array of beers that is as diverse as the city’s population,” stated Forrest Rogness, co-founder of Rogness Brewing.
“We are extremely grateful for the opportunity to help build the Rogness brand in Houston,” stated Timothy Zawinsky, founder and President of Bluebonnet Distributing. “Forrest and Diane have built an outstanding brewery that offers a diverse portfolio of high quality craft beers that are approachable with great flavor.
The opportunity set for craft beer in Texas is truly exciting as many of our local brewers have earned recognition on a national level. I personally can’t wait to see what the future holds. The pace of change in the beer market continues to accelerate, and Bluebonnet is well positioned to support the craft community as an independent
...More info on site
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USA, CA: Stone Brewing delays decision on new brewery
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The Escondido, California-based Stone Brewing in August narrowed its list of finalists to Columbus and two other cities for the $60 mln expansion project, and said a decision could come within 60 days, bizjournals.com reported on September, 11.
Now, 27 days later, the company is backing off that timeline.
“While we were hoping to announce our decision by the end of the summer, it seems that the process will take a bit longer,” spokeswoman Sabrina LoPiccolo said. “As you can imagine, there are a lot of moving parts and we are working diligently towards a conclusion. We do not have a specific date as to when our decision will be made.”
She declined to provide any additional details, but said the company is working on a decision “as expeditiously as possible.”
The hotly contested project is for Stone’s first brewery east of the Mississippi River. Plans also include a restaurant, retail store and an outdoor beer garden.
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World: Latest beer shipments statistics most positive in Germany and Brazil
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The latest available beer output figures are as follows:
In July, Germany registered a minus of 2.2 %, in Jan/July sales grew by 3.2%.
...More info on site
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Japan: Beer and quasi-beer sales volume fall nearly 10% in August
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Beer and quasi-beer sales volume by four major companies in Japan in August fell nearly 10 percent from a year before due to unfavorable
...More info on site
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World: Final grain and oilseed production figures may still be higher than expected
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It is the second year of a very large grain and oilseed production, final figures may still be higher, as excellent yields continue to
...More info on site
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EU: Barley exports this year far below last year’s levels
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EU barley exports are far below the large exports of last year, when Northern European barley was more competitive than offers from the Black
...More info on site
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EU: Spring barley harvesting close to an end, total crop figure may surpass 57.8 mln tons
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Spring barley harvesting in the EU has reached the home stretch, an industry report said on Septeber 1.
In England (25%), Scotland (65%), Central
...More info on site
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Australia: Barley production forecast to drop to 7.5 mln tonnes this crop year
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Australia’s barley production is forecast to fall by 21 per cent to 7.5 million tonnes in 2014-15, ABARES reported on September 9.
New South Wales
...More info on site
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New Zealand: New Zealand’s largest brewers suffer from continued erosion in demand and margins for mainstream beers
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Financial results from the three brewers that control 90 per cent of New Zealand's beer market show continued erosion in demand and margins for
...More info on site
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UK: Winter and spring barley yield above 10-year average this year
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UK’s winter barley harvest started in early July and was complete by mid-August. The start of harvest 2014 was two weeks ahead of 2013 and one week ahead of the five-year average, HGCA reports.
The estimated national average yield of winter barley is 7.2-7.4 t/ha, which is above the 10-year average of 6.4 t/ha. Yields range from 3.2-11.0 t/ha, with the lower yields from areas that have suffered from waterlogging or compaction or crops grown on lighter soils. Higher yields have tended to come from feed, as opposed to malting barley varieties. Yields from hybrid varieties have been variable, with poor yields from hybrid varieties in the North East, but decent yields reported on the same varieties in Scotland and the Eastern region. In the North West, conventional varieties typically yielded 6.2-7.4 t/ha, whilst the hybrids were closer to 7.4-8.6 t/ha.
Quality
Specific weights this year have averaged 65 kg/hl in England and Wales and slightly lower in Scotland. Grain nitrogen contents are estimated to average 1.6-1.7%. Screenings (2.25 mm) have been variable across the country, ranging from an average of 2% in the Eastern region to 6% in Yorkshire and Humber, with occasional higher reports in parts of Scotland.
Spring barley harvest started
...More info on site
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