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E-Malt.com Newsletter 46a
November 09 - November 11, 2015
Quote of the Week
Strive for continuous improvement, instead of perfection.
Kim Collins
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Currency Rates
Base Currency: US Dollar
on November 11, 2015 |
Base Currency: Canadian Dollar
on November 11, 2015 |
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1 USD = 0.9318 EUR
1 USD = 0.6617 GBP
1 USD = 1.3270 CAD
1 USD = 1.4195 AUD
1 USD = 123.2000 JPY
1 USD = 3.7898 BRL
1 USD = 64.3908 RUB
1 USD = 6.3512 CNY
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1 CAD = 0.7535 USD
1 CAD = 0.4986 GBP
1 CAD = 0.7021 EUR
1 CAD = 1.0695 AUD
1 CAD = 92.8200 JPY
1 CAD = 2.8555 BRL
1 CAD = 48.5628 RUB
1 CAD = 4.7854 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Molson Coors to take full control of MillerCoors
...Click here
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Brazil & Canada: Ambev buys the Canadian rights to beer and cider brands owned by Mark Anthony Group
...Click here
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USA, IN: Port Wayne to welcome new brewery by the end of November
...Click here
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Canada, BC: The Parkside Brewing preparing to launch in Port Moody
...Click here
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USA, CA: Laughing Monk Brewing postpones opening in Bayview till 2016
...Click here
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USA, NM: Four friends working on opening new brewery in Albuquerque
...Click here
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Canada, ON: Lost Craft Beer brews under contract, looks to open own production facility in Scarborough
...Click here
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USA, OH: Rivertown Brewery & Barrel House building second location
...Click here
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USA, MI: New brewery preparing to launch in Grand Rapids next summer
...Click here
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World: AB InBev formally agrees to take over SABMiller plc
...Click here
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World: Modest increase forecast for global beer production in 2015
...Click here
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World: Carlsberg forced to cut 15% of its workforce because of loss in the third quarter
...Click here
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World: World barley trade forecast for 2015/16 increased to 25.485 mln tons
...Click here
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World: Barley offer and demand situation still somewhat clouded - analysts
...Click here
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The Netherlands & Jamaica: Heineken to take full control of Jamaica’s Desnoes & Geddes brewing company
...Click here
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Northern Hemisphere: Barley crops surprisingly large and good all over the Northern Hemisphere
...Click here
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Turkey: Anadolu Efes reports net loss of 139.8 mln lira in Q3 2015
...Click here
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The Philippines: San Miguel Brewery’s consolidated sales revenues up 4% in January-September
...Click here
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Brazil: Heineken to invest more than R$1 bln in new brewery and other projects in Brazil
...Click here
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UK: Beer sales up in Q3 thanks to record off-trade figures
...Click here
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World: Number of craft breweries in the world estimated to exceed 10,000
...Click here
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Bulgaria: Molson Coors to demolish Kamenitza brewery in Plovdiv, build small craft brewery instead
...Click here
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New Zealand: Lower alcohol beer sales expected to keep growing
...Click here
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UK & China: UK agrees on barley trade deal with China worth up to £100 million
...Click here
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Brazil: Tax increase forces Ambev to close Rio Grande do Norte brewery
...Click here
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Zimbabwe: SABMiller’s Delta Corp. to cut costs after decline in six months volumes
...Click here
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Graph of the Week
Table of the Week
Latin America Beer Production by Country 2005 - 2014s
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
About the richness of hard resins
ABSTRACT
So far hard resins are still considered to have no
brewing value. And until recently we could only
speculate what the exact components in hard resins
are. In this extensive research project this German
Research team has identified numerous components
of the epsilon-fraction of hops, which is a part of the
hard resins, by means of UV/vis, LC-TOF-MS, and
1D/2D-NMR studies as well as synthetic experiments
and sensory guided fractionation. Besides a series of
literature known xanthohumol derivatives, multifidol
glucosides, flavon-3-on glycosides, and p-coumaric
acid esters, a total of 11 bitter tastants are reported
for the first time with threshold values of 5 -
198 mol/l. These compounds were shown to add to
the total bitterness in beers. Furthermore using the
epsilon-fraction as the sole hop addition,
demonstrated the possibility to produce beverages
strongly enriched with prenylated hop flavonoids.
Read more
Source: Barth Innovations
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These Days in Business History
09 November
1731 - Benjamin Banneker, the brilliant African-American mathematician and inventor, is born on a farm in Ellicott's Mills, Md
1801 - Gail Borden, Jr. is born to Gail and Philadelphia Borden in Norwich. After a decade of constant experimentation with preserving food, Borden is awarded is awarded a U.S. patent for condensed milk in 1856
10 November
1544 - Antwerps painter John Matsys banished
1891 - Granville T. Woods patents electric railway
1951 - 1st long distance telephone call without operator assistance
1997 - – WorldCom and MCI Communications announce a $37 billion merger (the largest merger in US history at the time)
11 November
1493 - Columbus discovers Saba
1925 - Robert Millikan announces discovery of cosmic rays
1988 - Oldest known insect fossils (390 million years) reported in Science
1993 - Bill Gates buys Leonardo da Vinci's "Codex" for $30,800,000
Agenda
November 2015:
10-12: Brau Beviale 2015 (Nuremberg, Germany)
19-22: Mondial de la Biere - Rio 2015 (Rio de Janeiro, Brazil)
February 2016:
05-07: Alltech Craft Brews & Food Fair 2016 (Dublin, Ireland)
06-07: Bruges Beer Festival 2016 (Bruges, Belgium)
17-20: Camra's National Winter Ales Festival 2016 (Derby, UK)
19-21: Mondial de la Biere 2016 (Mulhouse, France)
20-23: Beer Attraction 2016 (Rimini, Italy)
March 2016:
01-03: ProPak Vietnam 2016 (Ho Chi Minh City, Vietnam)
09-12: Brazilian Beer Festival 2016 (Blumenau, Brazil)
14-18: IBD Asia Pacific Convention 2016 (Sydney, Australia)
16-18: BeerX 2016 (UK)
April 2016:
03-07: Trends in Brewing 2016 (Ghent, Belgium)
May 2016:
03-06: Craft Brewers Conference & BrewExpo America 2016 (Philadelphia, USA)
19-21: Copenhagen Beer Festival 2016 (Copenhagen, Denmark)
June 2016:
08-12: Mondial de la Biere 2016 (Montreal, Canada)
August 2016:
09-13: The Great British Beer Festival 2016 (London, UK)
13-17: World Brewing Congress 2016 (Denver, USA)
More events are available on site www.e-malt.com
News Articles
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USA: Molson Coors to take full control of MillerCoors
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Denver-based Molson Coors Brewing Co. announced on November 11 that it has an agreement with Anheuser-Busch InBev to purchase the 58 percent of the
...More info on site
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Brazil & Canada: Ambev buys the Canadian rights to beer and cider brands owned by Mark Anthony Group
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Ambev SA, the Brazilian unit of Belgium's Anheuser-Busch InBev SA, said on November 10 it agreed to buy the Canadian rights to beer and
...More info on site
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USA, IN: Port Wayne to welcome new brewery by the end of November
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The growing beer scene in Port Wayne, northeast Indiana will soon be adding yet another brewery to its list with the upcoming opening of Trubble Brewing, 21Alive reported on November 6.
Recent studies show that for a city the size of Fort Wayne, beer consumers have been significantly under-served with locally-produced beer.
That's why Trubble owner Chad Hankee says he is excited to join the ranks of other local beer makers to get his home brews out of the garage and into the hands of local beer enthusiasts.
"As a home brewer, you're normally hanging out in the garage, friends are over and you're brewing beer, drinking beer," Hankee explains. "It's kind of the same, just now on a commercial level for everybody."
Despite the growing number of breweries popping up across the region, Hankee says he welcomes the company. In fact, according to him, a number of the breweries rely on each other rather than compete with each other.
"I look at it as more of a brotherhood. Blaine (Stucky) at Mad Anthony's has been a great person to go to when you have questions for when you're trying to open a brewery. But there's a certain amount of a brotherhood with other breweries.
...More info on site
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Canada, BC: The Parkside Brewing preparing to launch in Port Moody
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The third brewery to open along a short stretch of Murray Street in Port Moody, BC is just a couple of weeks old, but word has already started spreading about a fourth that will be setting up shop in the same neighbourhood next year, Canadian Beer News reported on November 6.
The Parkside Brewery is being founded by partners Vern Lambourne (former brewmaster at Granville Island Brewing) and Sam Payne (director of sales at Red Truck Beer).
Not many details are available at this time, but more is expected to be revealed in due course via the company’s Twitter feed.
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USA, CA: Laughing Monk Brewing postpones opening in Bayview till 2016
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Laughing Monk Brewing is on track to open in the first quarter of 2016, likely mid-January. In August, Eater reported that the new pub and production brewery in the Bayview would be open in November, but a delay on the installation of a glycol system (a temperature-control mechanism for tanks) has pushed that, SFGate reported on November 6.
Laughing Monk is a collaboration between founder Andrew Casteel and head brewer Jeff Moakler, formerly a brewer for BJ’s in Arizona. Casteel describes the beer style as “a Belgium-California crossover.”
The name Laughing Monk is a nod to the brewery’s “traditional irreverence,” Casteel says. Their styles are indebted to the longstanding monastic brewing traditions in Europe, but their interpretation of the monk is “not that serious,” says Casteel. “He can break the rules a bit.”
Expect Belgian styles with a new world twist. A tea-infused saison, a blonde ale, a double saison, a pale ale and a coffee stout will all be in the lineup.
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USA, NM: Four friends working on opening new brewery in Albuquerque
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Four friends with a shared love of home brewing have decided to go into business together.
The story behind Bow & Arrow Brewing Co. sounds like one we’ve heard at least a few times during Albuquerque’s recent wave of beer-trepreneurship, the Albuquerque Journal reported on November 6.
But it turns out that Bow & Arrow — one of about a dozen new breweries currently in the works around Albuquerque — boasts a particularly interesting cast of characters. Its founders include Mark Stone, a water resources engineer and University of New Mexico professor; Asako Stone, Central New Mexico Community College psychology professor; Missy Begay, a resident physician at UNM; and Shyla Sheppard, a Stanford graduate who previously worked in venture capital.
Bow & Arrow — now under construction inside an old warehouse near 6th Street and Interstate 40 — will reflect their shared appreciation of “culturally-inspired food and drink” but also their diverse backgrounds, Sheppard said.
“We all kind of bring a specific skill set to the table,” she said.
Mark Stone, for example, understands beer-making — and the science behind it — and will work closely with Luke Steadman, the head brewer the team recruited from Pennsylvania. Asako Stone will spearhead the planned craft beer
...More info on site
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Canada, ON: Lost Craft Beer brews under contract, looks to open own production facility in Scarborough
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BlogTO reports that a new brewing company has launched in Toronto, with a focus on selling its flagship brand at some of the city’s trendiest clubs and restaurants.
Lost Craft Beer has been founded by Shehan De Silva, who said the company’s Revivale – a Kölsch-style beer – is currently being brewed under contract at Cool Brewing while he works towards opening a physical location in Scarborough.
Lost Craft Revivale is currently available at several licensed establishments in Toronto including Lisa Marie, Taverna Mercatto, Nuit Social and E11even. A retail release in cans at the LCBO or Beer Store is planned for early 2016.
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USA, OH: Rivertown Brewery & Barrel House building second location
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Cincinnati's Rivertown Brewery & Barrel House is constructing a second location to accommodate its rapid growth, Cincinnati Business Courier reported on November 6.
The brewery at 607 Shepherd Drive in Lockland is building a new facility in Monroe that will house the bulk of its brewing equipment, its bottling line, a taproom and a full-service restaurant.
"We're quickly outgrowing the facility, and while we originally thought we'd stay here long term, we're growing too fast to do that," said Chris Goodin, Rivertown's director of exceptional exbeerience.
Rivertown will break ground on the new facility in early spring 2016. The plan is to have the 31,000-square-foot facility open and operational by 2017. The new space will have the potential capacity to brew 150,000 barrels a year, but Goodin said the brewery expects to produce 40,000 in the first year at the new facility. Rivertown expects to brew 15,000 barrels this year, up from about 10,000 last year.
The new building will have a full-service restaurant. The current location serves food from Cleo's BBQ, but Goodin said the new spot will have its own kitchen and menu that is currently under development.
Rivertown will continue to lease and operate its current Lockland location, which will operate as
...More info on site
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USA, MI: New brewery preparing to launch in Grand Rapids next summer
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Would-be brewery owners Edwin Collazo and Dave Petroelje plan to leverage their individual skills to launch a new craft brewery in Grand Rapids, Michigan, MiBiz reported on November 6.
Collazo, a former financial adviser, and long-time brewer Petroelje plan to open City Built Brewing Company LLC next summer in a mixed-use building in the city’s burgeoning North Monroe neighborhood, just north of downtown.
The entrepreneurs hope to focus the microbrewery on unique beers using flavors such as lavender and sage, as well as stalwart styles such as IPAs.
To make the nearly $1 million brewery a reality, the owners say they relied heavily on the experiences of others, particularly when it came to fundraising.
Currently a brewer at Grandville’s Osgood Brewing LLC, Petroelje decided in the economic downturn that he wanted to start his own brewery, so he turned to his friend and neighbor Collazo for financial advice, which ultimately led to the partnership.
“When Dave mentioned that they had some issues raising capital in the past, I was fairly confident — based on my experience as an adviser — that I had access to people that had investable assets,” Collazo said, referring to his partners’ attempts to start a brewery. “One of the first
...More info on site
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World: AB InBev formally agrees to take over SABMiller plc
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Anheuser-Busch InBev NV has formally agreed to buy SABMiller PLC for £ 71.4 billion ($107.7 billion), a deal that creates a brewing behemoth that
...More info on site
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World: Modest increase forecast for global beer production in 2015
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In 2014 1.960 bln hl beer were produced in the world, of which 33% in Asia, 30% in Europe, also 30% in the Americas,
...More info on site
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World: Carlsberg forced to cut 15% of its workforce because of loss in the third quarter
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Carlsberg plans to cut 15 per cent of its workforce after recording a loss in the third quarter based on writedowns of Russia brands
...More info on site
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World: World barley trade forecast for 2015/16 increased to 25.485 mln tons
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USDA in its November report increased slightly the forecast for the world barley trade in 2015/16 – to 25.485 mln tons from 25.258 mln
...More info on site
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World: Barley offer and demand situation still somewhat clouded - analysts
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The IGC barley crop estimate for the world was raised once more from 141 to 145 mln tons in October.
According to H. M.
...More info on site
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The Netherlands & Jamaica: Heineken to take full control of Jamaica’s Desnoes & Geddes brewing company
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Dutch beer giant Heineken announced late on November 6 it was moving to buy up all outstanding shares of Jamaican brewer Desnoes & Geddes
...More info on site
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Northern Hemisphere: Barley crops surprisingly large and good all over the Northern Hemisphere
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In spite of widespread drought conditions in spring and summer, barley crops were surprisingly large and good all over the northern half of the
...More info on site
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Turkey: Anadolu Efes reports net loss of 139.8 mln lira in Q3 2015
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Turkish brewer Anadolu Efes had a net loss of 139.8 million lira ($49 million) in the third quarter, compared with a net profit of
...More info on site
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The Philippines: San Miguel Brewery’s consolidated sales revenues up 4% in January-September
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Diversified conglomerate San Miguel Corporation (SMC) reported on November 9 that its consolidated net income, excluding the effects of mostly unrealized forex losses, grew
...More info on site
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Brazil: Heineken to invest more than R$1 bln in new brewery and other projects in Brazil
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Heineken has made public its expansion plans for the Brazilian market, Revista América Economia reported on November 9.
The company intends to invest more than
...More info on site
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UK: Beer sales up in Q3 thanks to record off-trade figures
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Record off-trade figures have pushed beer sales back into growth, according to the latest quarterly figures from the British Beer & Pub Association.
Over all,
...More info on site
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World: Number of craft breweries in the world estimated to exceed 10,000
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There are more than 10,000 craft breweries in the world, more than 4,000 of them in the U.S., a 20 percent increase from last
...More info on site
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Bulgaria: Molson Coors to demolish Kamenitza brewery in Plovdiv, build small craft brewery instead
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The Kamenitza brewery in the Bulgarian city of Plovdiv will be demolished as the production will be relocated at the site of Astika brewery
...More info on site
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New Zealand: Lower alcohol beer sales expected to keep growing
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Lower alcohol beer sales are expected to reach record numbers this summer in New Zealand, thanks to changing consumer habits, tougher drink driving laws and new products, New Zealand Herald reported on November 8.
DB Breweries managing director Andy Routley said lower alcohol or light beer made up around 24 per cent of total beer sales in Australian supermarkets compared with around 5 per cent in New Zealand, however this had risen from just 1 per cent two years ago.
With a growing range of light beers available, Routley said the category would continue to grow.
"It's a very interesting development in how New Zealand consumes beer and it is definitely going to continue," Routley said.
"Whether it gets to the 23 or 24 per cent mark like in Australia remains to be seen - these things do take time but it is heading that way," he said.
Following the introduction of new legislation last December, which dropped the legal blood alcohol limit from 80mg to 50mg per millilitre of blood, light beer sales almost doubled.
It is now the second fastest growth category behind craft beer.
A recent survey by Hospitality New Zealand showed around 80 per cent of hospitality venues reported a drop in sales
...More info on site
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UK & China: UK agrees on barley trade deal with China worth up to £100 million
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Growing demand for beer in China has led to a British barley trade deal worth up to £100 million for UK farmers, Environment Secretary
...More info on site
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Brazil: Tax increase forces Ambev to close Rio Grande do Norte brewery
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Brazil’s No. 1 beer maker Ambev announced on November 6 it will be closing its brewery in Natal, Rio Grande do Norte, Isto E Dinheiro reported.
According to the company, the decision was caused by a 29% increase in the local ICMS taxes on beer and an 18% increase in the ICMS taxes on soft drinks.
Imposto Sobre Operações Relativas à Circulação de Mercadorias e Serviços de Transporte Interestadual de Intermunicipal e de Comunicações is a value-added tax on sales and services and applies to the movement of goods, transportation and communication services, and to the supplying of any goods.
In an official release, Ambev said the operations will be shut up gradually by the end of this year. 300 jobs are expected to be lost at the plant and the closure will affect an estimated 15 thousand jobs in related industries.
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Zimbabwe: SABMiller’s Delta Corp. to cut costs after decline in six months volumes
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SABMiller's Zimbabwean affiliate Delta Corp plans to cut costs and reduce the price of some products after reporting a decline in beer and soft drink sales, the company said on November 11.
Delta, which is 38 percent owned by SABMiller, reported lager beer volumes fell 2 percent in the six months to September while volumes of the cheaper sorghum beer and soft drinks declined 10 and 15 percent respectively.
SABMiller received a $100 billion-plus takeover offer from the world biggest brewer Anheuser-Busch InBev on November 11. AB InBev is hoping SABMiller will give it a foothold in growing African markets.
Delta, which has already cut the price of lager beer, plans to reduce the price of soft drinks after sales were hit by competition from cheaper imports and weaker demand, chief executive Pearson Govero said.
The company's total revenue for the period decreased 8 percent to $269 million. Profit fell to $36 million, down from $45 million last year.
Govero said power cuts, water shortages, higher taxes and a stronger dollar made it difficult for Delta to compete with imports from Zambia and South Africa.
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