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E-Malt.com Newsletter 28a
July 06 - July 08, 2015
Quote of the Week
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Dolly Parton
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Currency Rates
Base Currency: US Dollar
on July 08, 2015 |
Base Currency: Canadian Dollar
on July 08, 2015 |
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1 USD = 0.9091 EUR
1 USD = 0.6444 GBP
1 USD = 1.2697 CAD
1 USD = 1.3411 AUD
1 USD = 122.5300 JPY
1 USD = 3.1536 BRL
1 USD = 57.1301 RUB
1 USD = 6.0911 CNY
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1 CAD = 0.7875 USD
1 CAD = 0.5074 GBP
1 CAD = 0.7159 EUR
1 CAD = 1.0561 AUD
1 CAD = 96.4900 JPY
1 CAD = 2.4833 BRL
1 CAD = 44.9872 RUB
1 CAD = 4.7964 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, MD: Oliver Brewing Co. is transitioning to a production brewery
...Click here
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USA, CO: Durango Brewing sold a majority interest in January to increase operations in Denver
...Click here
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USA, NC: Sanctuary Brewing Company to open in Hendersonville in August
...Click here
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USA, CA: Local Brewing Co. opened in San Francisco on June 2
...Click here
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Canada, ON: Elora Brewing Company to enter the Ontario craft beer industry by the end of July
...Click here
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USA, TX: Blackwater Draw to open a new brewery in Bryan this fall
...Click here
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USA, NM: Bosque Brewing Co. to double its beer production
...Click here
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USA, NC: Blue Blaze Brewing Co. to open a new brewery in northwest Charlotte
...Click here
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UK: Barids Malt predicts reduction in malt deliveries in the year ahead
...Click here
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The Netherlands & India: Heineken increases stake in United Breweries, United Spirits exits the group
...Click here
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China & Hong Kong: San Miguel Brewery warns its Hong Kong and China units will report losses due to non-renewal of distribution agreements with AB InBev
...Click here
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Italy: Beer consumption down 3% in January-May this year
...Click here
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Myanmar: Heineken NV and Carlsberg A/S seeking to exploit the potential of Myanmar’s beer market
...Click here
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France: First report on malting barley crop quality very positive
...Click here
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Vietnam: Sabeco accused of manipulating luxury taxes
...Click here
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Brazil: Ambev announces acquisition of craft brewer Colorado
...Click here
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Venezuela: Beer supplies may dry up by August because of labour dispute at Polar Industries
...Click here
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New Zealand: Demand moves away from mainstream to craft beer
...Click here
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India: Premium mild beer segment growing fast even though Indians have always preferred strong beer
...Click here
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Australia: Coopers says secondary fermentation makes its iconic beer so popular
...Click here
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South Korea: Diageo Korea shifts focus to lower-alcohol drinks as demand for stronger brands declines
...Click here
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New Zealand: New Zealand’s craft brewers now brewing overseas to reduce shipping costs
...Click here
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Graph of the Week
Table of the Week
Australian Barley Supply and Disposal
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 to assess hop aroma ?
ABSTRACT
With the increased scientific interest in hop aroma, different sensory approaches for the evaluation have been published. This talk gave an overview of the history of aroma categorization and presented a class of 12 descriptors established specifically to assess hop varieties and hoppy beers in comparison to other tasting schemes currently available. Examples of hop varieties were given to show how this tasting form is able to characterize the uniqueness of hop varieties. Also the differences of a trained and an untrained taste panels were pointed out.
Read more
Source: Barth Innovations
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These Days in Business History
06 July
1785 - Congress resolves US currency named "dollar" and adopts decimal coinage
1885 - Louis Pasteur successfully tests an anti-rabies vaccine
1886 - Horlick's of Wisconsin offers 1st malted milk to public
1907 - Opening of Brooklands, in England - the world's first purpose-built motor racing circuit
1928 - In New York, the screening of the first film to include sound - 'The Lights of New York'
07 July
1550 - Chocolate introduced
1802 - 1st comic book "The Wasp," is published
1814 - The world's first authentic historical novel, 'Waverley' by Sir Walter Scott, is published
1891 - Travelers cheque patented
1929 - In Italy, the Vatican in the centre of Rome becomes a sovereign state
1954 - Elvis Presley makes his radio debut
08 July
1497 - Portuguese navigator Vasco da Gama sets sail from Lisbon in search of a sea route to India
1796 - U.S. State Department issues 1st American passport
1870 - Congress authorizes registration of trademarks
Agenda
July 2015:
01-04: Ollesummer 2015 (Tallinn, Estonia)
09-12: Artbeerfest 2015 (Caminha, Portugal)
15-17: Brasil Brau 2015 (Sao Paulo, Brazil)
August 2015:
11-15: The Great British Beer Festival 2015 (London, UK)
September 2015:
19 September - 14 October: Oktoberfest 2015 (Munich, Germany)
24-26: Stockholm Beer & Whisky Festival 2015 (Stockholm, Sweden)
October 2015:
01-03: Stockholm Beer & Whisky Festival 2015 (Stockholm, Sweden)
November 2015:
10-12: Brau Beviale 2015 (Nuremberg, Germany)
More events are available on site www.e-malt.com
News Articles
USA: Hop acreage increases to record-high levels
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As craft breweries expand in Idaho and across the U.S., the hop-growing regions of Idaho, Oregon and Washington are expanding, too — to record-high levels of acreage, Idaho Press-Tribune reported on July 7.
Demand is up for hops, which are used in the beer-making process for bittering and adding flavours and aroma.
“It’s craft beer-driven,” said Diane Gooding, vice president of operations at Gooding Farms, a six-generation hop farm in Wilder. “U.S. craft beer has just totally revolutionized the hop industry in terms of the diversity of varieties, and the demand has greatly increased.”
In response to that demand, Idaho and Washington are expected to have record-high levels of hop acreage this year. Idaho hop farmers added about 1,000 acres of hops in 2015, bringing the total acreage of hops strung for harvest to nearly 5,000, according to a June report from the U.S. Department of Agriculture.
Idaho is the third-largest hop-growing state and produces about 11 percent of the hops grown in the United States. Washington grows the most at more than 40,000 acres, and Oregon is second with nearly 7,000 acres, according to the USDA.
The hops grown in Idaho supply local craft breweries and major producers, such as Anheuser-Busch. The 1,700-acre Elk
...More info on site
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USA, MD: Oliver Brewing Co. is transitioning to a production brewery
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Steve Jones can finally stand up straight. Oliver Brewing Co.'s head brewer this week started transitioning from the low-ceiled basement brewery at Pratt Street Ale House, Baltimore, to a 12,000-square-foot Claremont-Freedom production brewery, situated in an old ice factory, Baltimore City Paper reported on July 3.
The new digs will enable Oliver Brewing to not only supply beer to its three bustling restaurants, but also send more beer out for distribution. Oliver Brewing just hired a second sales representative to peddle its beer in Maryland, Washington, D.C., and Northern Virginia.
The company is upgrading from its seven-barrel, three-vessel brewhouse to a 20-barrel, four-vessel brewhouse. There are eight fermenting tanks (four open, four closed), and Jones says that Oliver Brewing wants to add its own canning line eventually.
"We have to start selling some beer before we can spend more money," Jones says, "because this stuff ain't cheap."
Oliver Brewing’s co-owner Justin Dvorkin says that the production brewery has cost about $1.3 million so far. But the price tag was worth it to keep pumping beer to Oliver Brewing's restaurants.
The only downside of the production brewery for Oliver Brewing’s devotees might be that the larger format will change Jones' brewing habits. On the tiny
...More info on site
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USA, CO: Durango Brewing sold a majority interest in January to increase operations in Denver
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Durango Brewing Co. has sold a majority interest to a private Denver investor with hopes of expanding production and markets. The current facility is producing at maximum capacity.
Andrea Allison, spokeswoman for Durango Brewing, said the sale took place in January, though expansion plans still have not yet been finalized. She did not disclose the name of the private investor, or how much the sale was for, The Durango Herald reported on July 7.
“Durango Brewing Co. has been a staple in the Durango community as well as the Colorado craft beer community for 25 years, and we are excited about what our growth means for the local community as far as an increase in jobs, driving in more tourism and being able to interact and give back to our community more,” Allison said.
“Day-to-day business operations have continued much the same at the brewery, with all of the beer still made at the 3000 Main Avenue location in Durango. There are no plans to change the company’s name,” Allison said.
New ownership has not yet established a timeline for expansion plans, and Allison did not elaborate on what those specific plans might look like. She said the decision to sell the brewery’s majority
...More info on site
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USA, NC: Sanctuary Brewing Company to open in Hendersonville in August
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Joe Dinan’s busy getting Sanctuary Brewing Company ready to brew after the Hendersonville City Council amended an ordinance that would allow breweries in downtown Hendersonville, WLOS reported on July 6.
“We’re kind of paving the way I guess,” Dinan said.
Dinan and his partner plan to open the brewery on First Avenue East, Hendersonville, in August.
“We can’t blow it,” Dinan said. “That’s not an option. We’re just going to put out the best beer that we absolutely can and I think people will come. It’s like our field of dreams, but for beer.”
Dinan says that city employees have been extremely supportive of the project with the dream extending beyond the walls of the building.
“fWe're known sort of as a retirement community but we're trying to attract the younger generation as well,” said Henderson County Tourism Development Authority Executive Director Beth Carden.
She says the microbreweries coming to the area will help attract that younger audience.
“You add us to the mix, and there’s another new place with a roof deck coming in, I think it’s going to be fantastic,” said Dinan.
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USA, CA: Local Brewing Co. opened in San Francisco on June 2
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After 12 years of effort, Sarah Fenson and Regan Long, the co-founders of Local Brewing Co., have finally opened their first brewery and beer bar. The new bar debuted on June 2 at Fourth and Bluxome streets, San Francisco, next to the Bluxome Street Winery and a block from the SoMa Caltrain station, Hoodline reported on July 3.
As Giants’ fans drifted in after a game at nearby AT&T Park, Long chatted with a pair of out-of-town beer enthusiasts and offered up a sample of LBC's newest creation, a Belgian beer.
For Long and Fenson, creating an intimate experience for the San Francisco community was the first priority. "We wanted to do something that was more of a destination experience, where you could sit in the brewery and be connected to where the product is produced. You can literally have a pint 15 feet away from the tank," Long says.
Long and Fenson began homebrewing in Glen Park in San Francisco over a decade ago, deciding to establish themselves as Local Brewing Co. in 2010.
"We wanted to make sure that what we were doing really aligned with the San Francisco community,” Long said.
The 12 beers on tap at Local Brewing are named
...More info on site
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Canada, ON: Elora Brewing Company to enter the Ontario craft beer industry by the end of July
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At the end of the month, there will be one more reason for visitors to climb the hill toward the centre of town in Elora, Ontario, Guelph Mercury reported on July 7.
The Elora Brewing Company and Gastro Pub is scheduled to open its doors at the end of July, making it the newest craft brewery to enter the burgeoning local beer scene in southern Ontario.
The primary focus of the business will be the beer, said Matt Lawson, one of the founders of the company. In a phone interview on July 6, the 38-year-old said he and his neighbour had been doing their own homebrew for years and talking about how great it would be to have a brewery in town to call their own.
After nearly two years of planning, the pair teamed up with three others and are now set to open later this month. Alex Nichols has been named the head brewer of the business.
"We're just one more piece of the creative puzzle that is the Town of Elora," he said, adding he hopes the Elora Brewing Company can become a central pillar the community can rally around.
"We're trying to provide something that Elora is missing: a beer to
...More info on site
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USA, TX: Blackwater Draw to open a new brewery in Bryan this fall
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Since it first opened its doors in November 2013, Blackwater Draw Brewing has become a popular venue for locals to eat and enjoy house-brewed craft beer. Now a new venue for families and students to get food and drinks will be available as a new Blackwater Draw Brewing is planned to open in downtown Bryan, The Battalion reported on July 6.
“When we opened the brewpub we always intended to expand,” co-founder Chris Steele said. “Initially we had projected that happening after at least five years.”
Steele said Blackwater Draw Brewing’s Bryan location will not only include another brewpub, but will also house a complete brewery located in an attached warehouse.
Steele said he and fellow co-founder Chris Weingart were long time friends before they started their own brewing company and due to their rapid success, they are able to expand their business less than two years later, with plans to distribute beer through local stores.
“I started to feel like I was doing a lot of work for other people that I could be doing myself,” Weingart said.
After attending craft beer festivals around the country and gaining knowledge of the process, Weingart and Steele teamed up to bring a unique service to
...More info on site
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USA, NC: Lazy Hiker Brewery to expand in Franklin
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Summer is always a busy time for the beer business. So the timing is perfect for the new Lazy Hiker Brewery in downtown Franklin — the Macon County town's first craft brewer, Asheville Citizen-Times reported on July 3.
Lazy Hiker Brewery is already winning over fans in Franklin, and also has landed accounts in nearby Highlands, and is "pushing into Cullowhee, Sylva and Bryson City," said brewer Noah McIntee. “Eventually, Lazy Hiker Brewing wants to get its beer into the highly competitive Asheville market,” McIntee said. "We're in a nice position, 15 miles from Georgia and Atlanta is not far away. It's a good stopping off point."
The downtown location, 188 West Main St. in a former Franklin town hall building, means easy access to that town's restaurants.
Being the first brewery in Franklin gives Lazy Hiker Brewing an edge, but many of the town's residents and visitors are sophisticated craft beer drinkers, he said. "People come here from Atlanta and Florida and we're into the season for that," he said. "When you have breweries like Sierra Nevada Brewing and New Belgium Brewing (in the area), that goes a long way. We are not trying to be Asheville, but we get the benefits
...More info on site
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USA, NM: Bosque Brewing Co. to double its beer production
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Bosque Brewing Co. is expanding operations at its original location and possibly doubling its output in the coming year, Albuquerque Business First reported on July 7.
Bosque Brewing’s Director of Operations, Gabe Jensen, said Bosque Brewing will move its wholesaling operation into a suite nearby its home base and original taproom at 8900 San Mateo in Albuquerque, just north of Alameda. That means Bosque will have room to grow its brewing operations and make up to 8,000 barrels of beer in 2016, double the 4,000 it is brewing this year.
“Right now, if you brew it, you can sell it,” Jensen said.
Business is booming for Bosque Brewing. Its taproom near the University of New Mexico was an immediate success when it opened at the beginning of the year. The brewery plans to triple the size of its operation.
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USA, NC: Blue Blaze Brewing Co. to open a new brewery in northwest Charlotte
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Blue Blaze Brewing Co. is planning to open a microbrewery in Charlotte’s northwest side, Charlotte Observer reported on July 7.
Property records show the beer-makers are eyeing the lower portion of the historic building at 528 S. Turner, right off State Street in Charlotte.
Blue Blaze Brewing is headed by co-founders and brewers Craig Nunn and Sven Giersmann. Its head brewer is Steve Turner, an instructor of fermentation science and technology at Colorado State University.
“…they’ve created this environment where people can interact where they might not have otherwise,” Nunn said in the interview.
The brewery will be in a part of town near Johnson C. Smith University that has experienced a slowdown of business activity over the years. But revitalization efforts, like a recent grant from the Knight Foundation, aim to turn the Charlotte’s northwest side into a bustling residential and commercial district that connects directly to uptown Charlotte.
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UK: Barids Malt predicts reduction in malt deliveries in the year ahead
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One of the UK’s main maltsters has warned of a slowdown in deliveries to the brewing and whisky sectors this year, The Press and
...More info on site
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The Netherlands & India: Heineken increases stake in United Breweries, United Spirits exits the group
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Dutch brewer Heineken has increased its stake in India's largest liquor company United Breweries (UB), gaining power to control the company in further worries
...More info on site
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China & Hong Kong: San Miguel Brewery warns its Hong Kong and China units will report losses due to non-renewal of distribution agreements with AB InBev
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Philippine San Miguel Brewery has issued a rare profit warning, saying its Hong Kong and China operations expects to post a net loss for
...More info on site
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Italy: Beer consumption down 3% in January-May this year
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Italian beer consumption dropped by three per cent in the first five months of 2015 due to higher taxes, claims a study commissioned by
...More info on site
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Myanmar: Heineken NV and Carlsberg A/S seeking to exploit the potential of Myanmar’s beer market
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Both Heineken NV and Carlsberg A/S are seeking to exploit the potential of Myanmar, the southeast Asian nation where more than 80 percent of
...More info on site
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France: First report on malting barley crop quality very positive
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French malting barley prices have increased significantly over the last week, even though the first reports coming from the fields indicate a large crop
...More info on site
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Vietnam: Sabeco accused of manipulating luxury taxes
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Vietnam’s state audit office has ordered the country's largest brewer, Sabeco, to pay VND408 billion (US$18.68 million) in luxury tax it allegedly owes from
...More info on site
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Brazil: Ambev announces acquisition of craft brewer Colorado
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Ambev SA, Brazil's largest drinks company, said on July 7 it had bought craft brewer Colorado for an undisclosed sum, continuing its new strategy of buying premium brands amid stagnant sales volumes in South America's biggest beer market.
Ambev, the Brazilian unit of Anheuser-Busch InBev SA, snatched up Brazilian craft brewer Wäls in February, folding it into its higher-end Bohemia division. In May, Ambev bought Colombia's largest craft brewer, the Bogotá Beer Company.
Shares of Ambev retreated 0.2 percent to 19.10 reais on July 7. The stock is up 23 percent this year.
Colorado is based in the interior of Brazil's Sao Paulo state and exports its beers, often flavored with coffee, honey or nuts, to France and the United States. The brewer, which was founded in 1996 by businessman Marcelo Carneiro, had revenue of about 19 million reais ($5.96 million) last year, according to analysts.
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Venezuela: Beer supplies may dry up by August because of labour dispute at Polar Industries
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Polar Industries, one of the biggest breweries in Venezuela, has recently been facing problems due to shortages of grain and other raw materials essential to keep its production flowing. As if that wasn’t enough to deal with, the company is also now saddled with a serious labor dispute, which has slowed down bottling and distribution of the country’s most popular beers, El Pais reported on July 6.
Since July 1, a small pro-government union, Sintraterricentro, has been calling work stoppages at Polar bottling plants in Caracas and Barcelona – a city in Anzoátegui state on Venezuela’s eastern coast – as well as at distribution points across the country after company officials refused to negotiate with its members.
Polar beer is considered a staple for many Venezuelans – it is the most common brand found at bars and in restaurants throughout the country. But there is growing concern that their favorite beverage could disappear altogether in the coming months if the dispute isn’t resolved.
Venezuela’s state-run television stations have been providing union leaders with full coverage of the labor conflict, which was initiated by Sintraterricentro. Some labor officials have made no attempt to hide their ties to the ruling United Socialist Party of Venezuela
...More info on site
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New Zealand: Demand moves away from mainstream to craft beer
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Marlborough could be at the heart of a boom in New Zealand’s craft beer industry as a generational shift in drinking habits sees demand moving away from mainstream beer, Staff.co.nz reported on July 6.
Both award-winning craft brewery Renaissance Brewing and one of the country's largest craft brewing brands Moa Brewing Company are based in Marlborough.
According to Natasha D'Costa, researcher for multinational consultancy firm Frost & Sullivan, the New Zealand craft beer market could perform in much the same way as Marlborough sauvignon blanc did for exports in the 1990s.
According to D'Costa's report, compiled for New Zealand Trade and Enterprise, the global consumption of beer was changing. While there was a drop in beer drinking in North America, Europe, Australia and New Zealand, there was an increased demand for craft beer.
The research forecast craft beer exports could increase by up to 300 per cent in the next decade, while New Zealand consumption was expected to increase 80 per cent by 2019. Craft beer was the fastest growing segment of the New Zealand brewing industry at 25 per cent annually, D'Costa said.
Moa Brewing Company founder Josh Scott said he had seen the increase and the company was working hard on its distribution.
...More info on site
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India: Premium mild beer segment growing fast even though Indians have always preferred strong beer
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Indian consumers are known to look for the biggest bang for their buck, and when it comes to beer it's no different — some 85% of the country's drinkers liked their lager strong in 2014 (alcohol content between 5% and 8% as against under 5% in mild beers), according to a study by the All India Brewers Association.
Yet, when it comes to beer versus liquor, Indians still seem to prefer the latter, with Indian-made foreign liquor (IMFL) and hooch consumption estimated to be two times that of beer in volumes. In contrast, in developed markets like the US and the UK and even in emerging ones like Brazil and China, beer accounts for almost three-fourths of all sales.
That, though, may be good news for brewers of premium mild beers in India, who although operating in what's still a very niche market can only expect rapid growth from hereon.
Premium mild beer (typically priced at between Rs 70 and Rs 150 for 330 ml bottles) accounts for 15% of the 320 million cases of beer sold annually in India, points out Shobhan Roy, director general, All India Brewers Association. "However, the growth in the premium segment is pegged at 20-25% with
...More info on site
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Australia: Coopers says secondary fermentation makes its iconic beer so popular
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According to Glenn Cooper, Coopers Brewing chairman and great, great, great grandson of founder Thomas Cooper, it’s the secondary fermentation they use that makes the company’s iconic brew so popular, Food Magazine reported on July 8.
“We are one of the few brewing companies in the world that use secondary fermentation – there are a few brewers in Belgium that use it but in Australia, we are certainly the only traditional beer brewer that use this secondary fermentation process.”
“It’s one of the many things that makes Coopers beer so great.”
As Australia’s largest and only family-owned brewery - starting way back in 1862 - the South Australian-based company sold almost 70 million litres of beer in the 2013 financial year.
Launching its limited edition 2015 Extra Strong Vintage Ale, Coopers is also finding that despite Australia’s crowded beer market, its Pale Ale and Sparkling Ales are as popular as ever - thanks to both the evolving palette of Australian beer drinkers and its own research and development.
“The philosophy behind the 2015 Extra Strong Ale, as with previous vintages, was to ensure it was brewed with rich and intense flavours,” Coopers’ Managing Director and Chief Brewer Dr. Tim Cooper said.
“Five hop varieties have been
...More info on site
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South Korea: Diageo Korea shifts focus to lower-alcohol drinks as demand for stronger brands declines
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Diageo Korea has shifted its focus to lower-alcohol drinks to meet growing consumer demand for mild liquor since CEO Cho Kil-soo took the helm two years ago, The Korea Times reported on July 5.
Sales of Windsor, Johnnie Walker and other hard-liquor brands have been declining as Koreans increasingly prefer low-alcohol drinks amid the well-being trend. The continued economic downturn and the growing number of price-sensitive female drinkers have also made it more difficult for Diageo and other whisky makers to sell relatively high-priced premium liquor.
To cope with rapidly changing consumer tastes, Diageo has diversified its product lineup, introducing a wide range of lower-alcohol spirit drinks and more actively promoting its premium beer brand, Guinness.
Over the past four months, the Korean unit of the British premium whisky maker has written a success story with "W Ice by Windsor (W Ice)," a low-alcohol spirit that has an alcohol content of 35 percent, compared with the 40 percent of conventional Scotch whisky. According to Diageo, the new beverage retains the unique flavor and taste of conventional Scotch whisky. W Ice is blended with Scotch whisky (99.85 percent) and other ingredients, including pine, dates and dried fig essence.
The product was available only to those
...More info on site
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New Zealand: New Zealand’s craft brewers now brewing overseas to reduce shipping costs
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New Zealand's craft brewers are not letting the tyranny of distance stop them from delivering fresh beer to the world, Stuff.co.nz reported on July 7.
Wellington breweries Yeastie Boys, Panhead and ParrotDog have all started brewing overseas as a way to reduce shipping costs, overcome capacity constraints and deliver fresh beer to international customers.
Kapiti Coast brewer Tuatara has already revealed plans to brew in two other countries before the end of the year, which were being kept secret.
New Zealand Trade and Enterprise research found craft beer exports could increase by up to 300 per cent in the next decade, while New Zealand consumption was expected to increase 80 per cent by 2019.
Many breweries are already stretched to capacity and brewery expansions require significant investment, which has led some to look overseas.
Yeastie Boys "headboy" Stu McKinlay said he moved to Britain in April to oversee brewing of the company's biggest selling beers, Pot Kettle Black and Gunnamatta, at the brewery of Scottish craft beer producer BrewDog in Aberdeen.
The first brew was 10,000 litres - four times the batch size it could produce in New Zealand - and would be ready to distribute in both kegs and bottles throughout Britain in late June,
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