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E-Malt.com Newsletter 31a
August 01 - August 03, 2016
Quote of the Week
There is more to life than beer alone, but beer makes those other things even better.
Stephen Morris
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Currency Rates
Base Currency: US Dollar
on August 03, 2016 |
Base Currency: Canadian Dollar
on August 03, 2016 |
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1 USD = 0.8932 EUR
1 USD = 0.7548 GBP
1 USD = 1.3099 CAD
1 USD = 1.3209 AUD
1 USD = 101.7500 JPY
1 USD = 3.2574 BRL
1 USD = 66.8816 RUB
1 USD = 6.6367 CNY
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1 CAD = 0.7633 USD
1 CAD = 0.5761 GBP
1 CAD = 0.6818 EUR
1 CAD = 1.0082 AUD
1 CAD = 77.6600 JPY
1 CAD = 2.4863 BRL
1 CAD = 50.9446 RUB
1 CAD = 5.0658 CNY
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Currency Rates Chart
Equities of the Largest Breweries
World: Molson Coors Brewing reports 24.1% decline in Q2 profit
...Click here
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USA, PA: New Erie Brewing Co. facility expected to be completed and open next spring
...Click here
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Canada, NU: Nunavut Brewing Company passes another hurdle on its way to a 2017 opening
...Click here
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USA, WI: Black Husky Brewing to officially open in Milwaukee on August 3
...Click here
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USA, MI & IL: Detroit’s Atwater Brewery plans small-scale production brewery in Chicago by spring 2018
...Click here
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USA, NC: Mountain Layers Brewing preparing for opening by late fall
...Click here
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EU: Malt markets in central EU paralyzed by uncertain crop prospects
...Click here
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World: AB InBev, SABMiller set out merger timetable
...Click here
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World: Heineken reports increased sales and net profit in the first half of this year
...Click here
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Brazil: Beer production in July and January-July declines
...Click here
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World: Heineken says impending AB InBev, SABMiller merger will not change industry dynamics
...Click here
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Japan: Asahi reports 28% drop in H1 net income, expects to save about 30 bln yen on purchase of SABMiller’s European beer brands
...Click here
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Germany: Spring barley crop may reach 1.2-1.3 mln tonnes
...Click here
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UK: SABMiller shareholder Aberdeen Asset Management said will vote against takeover by AB InBev
...Click here
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Italy: Italian beer exports quadruple over the past ten years
...Click here
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Myanmar: Myanmar attracting foreign brewers with its exceptional growth prospects
...Click here
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UK: Yield average for winter barley below five-year average
...Click here
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Japan: Imported whiskies expanding presence in Japan
...Click here
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Sri Lanka: Sri Lanka to allow Lion Brewery to import beer at lower duty
...Click here
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Graph of the Week
Table of the Week
World Barley Trade
Prices Evolution
Barley Prices
Canadian Malting and Feed Barley Prices
US Malting and Feed Barley Prices
French Malting and Feed Barley Prices
German Malting Barley Prices
Theoretical Malt Prices
Canadian Malt Prices
US Malt Prices
Theoretical EU Malt Prices
Scientific Digest
HOPS DO NOT NECESSARILY
NEED TO TOUCH BEER FOR
DRY HOPPING PURPOSES
ABSTRACT
A German research team that came up with the idea of
extracting hop aroma into beer by applying a combined
desorption/absorption process. The process-dependent
mass transfer was predicted using two different
approaches: a thermodynamic approach, and response
surface modelling. The methods offer the following
advantages: no beer losses, no clarification steps
needed, potential reuse of hops for bittering. Using
response surface methodology was clearly superior
as compared to calculating the mass transfer using
thermodynamic approximations.
Klie, R.: Feasibility and Optimization of a Novel Desorption/ Absorption Process for
Transferring Hop Volatiles into Beer, poster presentation at the Trends in Brewing Conference,
April 2016, Ghent.
Read more
Source: Barth Innovations
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These Days in Business History
01 August
1930 - Clarence Birdseye is awarded a U.S. patent for the invention of packaged frozen food
1950 - Steve Wozniak, future co-inventor of the Apple computer, is born
1981 - Pres. Ronald Reagan signs into law the Economic Recovery Tax Act of 1981, the biggest tax cut in American history, which streamlines the Federal income tax brackets, lowers the top rate to 36%, and creates the universally-deductible Individual Retirement Account
02 August
1858 - 1st street mailboxes-Boston, Mass
1890 - The BOVESPA (Bolsa de Valores de Sao Paulo, or Sao Paulo Stock Exchange), Brazil's central securities market, is founded
1984 - Euro Court condemns phone-tapping
2000 - The New York Stock Exchange begins trading in decimals, ending the two-century-old practice of pricing stocks in increments of 1/8th of a dollar
03 August
1887 - Thomas Alva Edison receives a U.S. Patent for his new kinetoscope, the predecessor to the motion-picture camera
1977 - Tandy Corp. introduces one of the earliest affordable personal computers, the TRS-80 (soon to be affectionately nicknamed the "Trash 80"). It has 4 (yes, four) kilobytes of memory, a black-and-white monitor, and uses floppy disks that truly flop when you shake them. It retails for just $599
1984 - Total trading volume on the New York Stock Exchange exceeds 200 million for the first time, as 236,565,110 shares change hands
Agenda
August 2016:
05-07: The 20th International Berlin Beer Festival (Berlin, Germany)
09-13: The Great British Beer Festival 2016 (London, UK)
10-13: Vietfood & Beverage - ProPack 2016 (Ho Chi Minh, Vietnam)
13-17: World Brewing Congress 2016 (Denver, USA)
September 2016:
08-10: Irish Craft Beer Festival 2016 (Dublin, Ireland)
14-15: Food and Drink Technology Africa 2016 (Johannesburg, South Africa)
19-03 October: Oktoberfest 2016 (Munich, Germany)
24-25: Whisky Live Paris 2016 (Paris, France)
26-28: VLB Ibero-American VLB Symposium 2016 (Santiago de Chile, Chile)
28-30: Beer and Soft Drinks Industry - 2016 (Kyiv, Ukraine)
29-01 October: Stockholm Beer & Whisky Festival 2016 (Stockholm, Sweden)
October 2016:
06-08: Stockholm Beer & Whisky Festival 2016 (Stockholm, Sweden)
06-08: Great American Beer Festival 2016 (Denver, USA)
08-10: Brouwplus 2016 (Antwerp, Belgium)
11-14: China Brew, China Beverage 2016 (Shanghai, China)
21-23: The Finest Spirits & Beer Convention 2016 (Bochum, Germany)
November 2016:
08-10: Brau Beviale 2016 (Nuremberg, Germany)
09-12: Vietfood & Beverage - ProPack 2016 (Hanoi, Vietnam)
December 2016:
15-17: drink technology India 2016 (Mumbai, India)
More events are available on site www.e-malt.com
News Articles
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World: Molson Coors Brewing reports 24.1% decline in Q2 profit
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Molson Coors Brewing is reporting a 24.1 per cent decline in profit from its continuing operations for this year’s second quarter.
Under U.S. accounting rules,
...More info on site
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USA: MillerCoors’ net income declines 3.8% in Q2
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SABMiller plc and Molson Coors Brewing Company reported on August 2 that MillerCoors second quarter underlying net income declined 3.8 percent to $468.8 million
...More info on site
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USA, PA: New Erie Brewing Co. facility expected to be completed and open next spring
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Erie Brewing Co. broke ground on July 27 for its $3.5 million plant in Harborcreek Township, GoErie.com reported on August 1.
The 20,000-square-foot building at Station Road and Knowledge Parkway, near Interstate 90, will house the company's brewery, brew pub and something new, a John's Wildwood Pizzeria.
"We're excited," Erie Brewing owner and General Manager Rob Lowther said. "We spent the last three years looking at locations in Erie, Millcreek, Summit and Harborcreek. We also looked at existing buildings in Erie. Renovation costs made it clear that it made more sense to build a new building exactly the way we want it."
The Harborcreek location is ideal, Lowther said.
"We wanted to be in a safe area with great visibility and easy access to and from the city. This site gives us the best of all worlds," he said.
The building will be built into a hillside with a mezzanine level and outdoor porch facing Lake Erie. The 3,000-square-foot mezzanine will offer views of the lake and, through glass, of the brewery and brewpub below, Lowther said. The mezzanine will be open to the public and available for private parties.
Glass behind the bar in the 3,000-square-foot brewpub will offer up-close looks at the brewery. The
...More info on site
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USA, FL: Florida Beer Co. has a new owner
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Florida Beer Co. has a new owner, ANSA McAL U.S., Florida Today reported on July 29.
Production, which will grow under ANSA McAL's stock acquisition of Florida Beer, will remain in Cape Canaveral and likely expand. The value of the deal was not disclosed.
“We will continue to operate here,” said Eulan Middlebrooks, marketing director, “but we will start brewing some of their brands. Everything with us will stay the same.”
Florida Beer began as Indian River Brewing Co. nearly 20 years ago near the Indian River Lagoon. In 2003, the company purchased the brewery equipment of the Tampa-based Florida Beer Co., and became the exclusive contract brewer for all of that company's products. In 2005 the company changed its name to the Florida Beer Co. and three years ago it expanded production and moved into the former Chrysler Space Operations plant in Cape Canaveral.
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Canada, NU: Nunavut Brewing Company passes another hurdle on its way to a 2017 opening
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CBC News North reports a planned brewery that received approval from the Nunavut Liquor Licensing Board last year has passed another hurdle on its way to a 2017 opening.
Nunavut Brewing Company has received development permit approval from Iqaluit city council, and will soon start construction on a 600-square-metre brewing facility on Iqaluit Lane, near Sylvia Grinnell Territorial Park.
Brewery partner Ambrose Livingstone told council that the company plans to contribute to the area through job creation and sponsorships, as well as keeping money spent on beer in the community rather than flowing to out-of-territory breweries.
Once operational, the brewery will sell its beer within the territory via the Nunavut Liquor Commission, and will also explore the possibility of exporting to other markets.
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USA, WI: Black Husky Brewing to officially open in Milwaukee on August 3
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Black Husky Brewing has officially made its transition from Pembine to Milwaukee. The new brewery and taproom, located at 909 E. Locust St., will officially open to the public on Wednesday, Aug. 3 beginning at 3 p.m., OnMilwaukee reported on July 28.
The space's decor will pay homage to the brewery's former home in Pembine, Wisconsin with details including a log bar made by co-owner Tim Eichinger, who owns the brewery with his wife Toni. The space will also pay respect to the brewery's namesake, with an image of the original "Black Husky" emblazoned on the wall behind the bar.
Once open, the taproom will offer eight Black Husky brews on tap initially, with more on the way.
The opening will follow a private 2:30 p.m. ceremonial keg-tapping and ribbon cutting ceremony with Mayor Tom Barrett and Ald. Nik Kovac.
The Eichingers admit they've really fallen in love with their new neighborhood over the course of the past year, and they're looking forward to providing a neighborhood spot for folks to gather and socialize.
"Milwaukee always was a city of neighborhoods, and we're really getting back to that," Tim notes. "There will be people from out of town who come and visit, but that's not
...More info on site
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USA, MI & IL: Detroit’s Atwater Brewery plans small-scale production brewery in Chicago by spring 2018
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Of the hundreds (or thousands, or seemingly millions) of beer brands on Chicago shelves, plenty of out-of-towners have fared quite well. Chicago is, for instance, one of Allagash Brewing’s strongest markets, even though that brewery sits in Portland, Maine — more than 1,000 miles east, Chicago Tribune reported on August 1.
There has been no such luck for Detroit’s Atwater Brewery. Founded in 1997, Atwater is a decent-sized brewery (production is expected to be up to 50,000 barrels this year) with distribution in 23 states. But it has been unable to win Chicago's beer-drinking hearts or minds — not to mention its store shelves or bar taps.
The lack of penetration has led Atwater founder Mark Rieth to plan a small-scale production brewery in Chicago by spring 2018. He hopes to have a site announced by the end of the year. The brewery would include a taproom, restaurant and outdoor space for a beer garden, he said.
"We’ve been studying the market in Chicago for more than a year, and it’s a very important market," Rieth said. "Our presence there is not what we want it to be. This would be the next step."
Many lofty beer industry plans fade away with barely a
...More info on site
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USA, NC: Mountain Layers Brewing preparing for opening by late fall
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A second brewery is under construction in Bryson City as the craft beer industry continues spreading across the Western North Carolina mountains, Citizen-Times reported on July 28.
Mountain Layers Brewing could be open by late fall, said brewer Noah McIntee, who previously worked at Lazy Hiker Brewing in Franklin. Mountain Layers will use a seven-barrel system to turn out a mix of ales and lagers, McIntee said. The brewery will occupy an old building at 90 Everett St. in Bryson City. The structure has been used for a number of businesses through the years, including a haberdashery, general store, barber shop and pool hall, he said.
Mountain Layers is owned by Kim and Mark Pettit, who moved to Swain County from Minnesota in 2014 after many years of visiting the area. McIntee said he was looking for a new challenge after starting Lazy Hiker in 2015. Mountain Layers will join the long-established Nantahala Brewing, which is expanding to open a second brewpub location.
Mountain Layers will open with a two-level tasting room and outdoor deck overlooking the Tuckasegee River.
"We're exploring having food trucks out back, but this being the heart of Bryson City, there are a lot of nearby places (for food)," he
...More info on site
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EU: Malt markets in central EU paralyzed by uncertain crop prospects
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Malt markets in the central EU countries in June were nominally EUR 330,- to 350,- per ton, ex works, delivery end 2016 till end
...More info on site
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World: AB InBev, SABMiller set out merger timetable
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Anheuser-Busch InBev and SABMiller, the world's two largest brewers, set out a timetable on August 1 for the final stages of their $100 billion-plus
...More info on site
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World: Heineken reports increased sales and net profit in the first half of this year
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Heineken sold more beer in almost all parts of the world during the first half of 2016. Increased sales boosted the Dutch brewer’s net
...More info on site
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Brazil: Beer production in July and January-July declines
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Beer production in Brazil declined by 2.36% in July to 9.61 mln hl, Sicobe reported on August 1.
Q2 beer volumes registered a 3.3% increase
...More info on site
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World: Heineken says impending AB InBev, SABMiller merger will not change industry dynamics
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Heineken said the impending merger of the world’s two biggest beer companies, which will leave the Dutch brewer a distant number two, would not
...More info on site
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Japan: Asahi reports 28% drop in H1 net income, expects to save about 30 bln yen on purchase of SABMiller’s European beer brands
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Asahi Group Holdings Ltd. could save about 30 billion yen ($297 million) on its purchase of European beer brands from Anheuser-Busch InBev NV as
...More info on site
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Germany: Spring barley crop may reach 1.2-1.3 mln tonnes
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South Germany, like France, had too many rainy days in spring and early summer, but damages to barley, particularly spring barley, are less than
...More info on site
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UK: SABMiller shareholder Aberdeen Asset Management said will vote against takeover by AB InBev
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Fund manager Aberdeen Asset Management reiterated on July 29 it would vote against the takeover of SABMiller by Belgian rival AB InBev after the company said it backed the revised terms, Reuters reported.
However, it said it welcomed the SAB board's decision to treat leading shareholders Altria and Bevco as a separate class of shareholder.
"This acknowledges the reality of the situation and will help to ensure that the views of the rest of the investor base have due weight," Aberdeen said, although it continued to dislike the deal structure and thought it undervalued SABMiller.
"We would welcome other investors who value good corporate governance and recognize the superior value from continuing to hold SABMiller as a standalone entity voting in a similar fashion."
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Italy: Italian beer exports quadruple over the past ten years
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Italian beer exports have quadrupled over the past ten years, reaching a new record in 2015 with a value of €183 million and double digit growth in Northern Europe, ESM reported on August 3.
According to a report by Italian farmers’ association, Coldiretti, based on Istat data, the export boom is present in practically all countries, from Germany (+49%), the Netherlands (+49%) to the UK (+10%), while in Belgium, Italian beer purchases have grown tenfold.
With the arrival of summer, beer consumption is on the rise in Italy, registering a record 6 per cent growth of purchases, partly accounted for by Italian craft beers.
A decade ago there were a little over 30 craft microbreweries in Italy, a figure that has now risen to about 1,000 for a production estimated at 45 million litres.
The new craft production is very diversified: from beer flavoured with hemp to the Apulian artichoke pale yellow, sour cherries and red radicchio or rice.
There are over 23 million beer drinkers in Italy, with an annual per capita consumption of 29 litres, with ample margins for growth compared to countries such as the Czech Republic (144 litres per capita), Austria (107.8), Germany (105), Ireland (85.6), Luxembourg (85), and Spain (82).
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Myanmar: Myanmar attracting foreign brewers with its exceptional growth prospects
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Although Buddhist temperance and decades of economic stagnation had curbed beer demand in Myanmar, the booming Southeast Asian country is attracting a slew of foreign breweries with its exceptional growth prospects, Nikkei Asian Review reported on August 3.
Japan's Kirin Holdings and Dutch company Heineken are among those flocking to the market, which was opened after the democratization process began in 2011.
Kirin, which acquired local beer giant Myanmar Brewery last year, is aggressively making inroads with such premium offerings as the flagship Ichiban brand. Heineken, meanwhile, is planning an investment to boost local production capacity this year.
Affluent customers pour into Shan Yoe Yar, an upscale Yangon restaurant, nightly, escaping the humid, hot monsoon weather. The eatery started carrying Kirin's Ichiban draft beer in June. A 31-year-old car dealership manager says he enjoys the beer with friends, noting the beverage's smoothness. Kirin markets Ichiban as a premium 100% malt offering. Without promotional discounts, the beer is priced at 3,000 kyat ($2.53) per mug - double that of popular local offering Myanmar Beer, sold by Myanmar Brewery. But well-off people who like to try new things are interested, according to the restaurant's manager.
In Myanmar, eateries are a major channel of beer sales, accounting
...More info on site
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UK: Yield average for winter barley below five-year average
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The overall 2016 harvest yield average for winter barley is under the five-year average in the United Kingdom, according to AHDB Cereals.
A total of seven trials in Devon, Hereford, North and East Yorkshire, Lincolnshire, Norfolk and Suffolk have reported their results.
The overall yield average of 8.79 t/ha for 2016 is below the five-year average of 9.30 t/ha.
Looking at the annual trends, the average yield remains lower than farmers have seen in 2014 and 2015, but up on 2012 and 2013.
Yields are represented as a percentage of the control varieties, which this year are Cassata, Volume, KWS Meridian, SY Venture and KWS Glacier.
The average of the yields from these varieties is represented as 100%.
The 2016 values only show yields based on one season from seven sites.
The five-year average is a better measure of variety performance over the past five seasons (2012–2016).
In 2016 so far, the six-row feed varieties top the yields. Six-row hybrids Belfry and Bazooka top the yield table with 113% of the control varieties, with Volume also performing well at 107%.
KWS Meridian remains in trial as a six-row conventional variety control and has performed well at 109%.
Candidate six-row varieties are also achieving good yields, with Sunningdale (six-row hybrid) at
...More info on site
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Japan: Imported whiskies expanding presence in Japan
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Imported whiskies are expanding their presence in Japan amid a boom that is creating shortages of domestic spirits and increasing demand for diversity, The Japan Times reported on July 29.
Sparked by the resurgence of the highball cocktail, the boom is thinning stocks of Japanese products that grew popular after a TV drama told the story of a major local brand.
Importers, including top Japanese brewers, are now trying to promote overseas brands to maintain momentum for Japan’s first whiskey fad in about 30 years.
On Aug. 23, Kirin Brewery Co. will add Green Label to its local lineup for Johnnie Walker. The scotch, matured for at least 15 years, will be targeted at “relatively young people who want to try tastes other than Japanese whiskies,” a Kirin official said.
Kirin, the agent for both Johnnie Walker and White Horse, is aiming to double its 2015 sales of foreign brands by 2020.
Suntory Spirits Ltd. opened a bar in Minato Ward, Tokyo, in July, offering whiskies from around the world. Hibiya Bar Whisky-S III offers a sampler of five whiskies plus cuisine from each distillery’s location.
“We hope customers will discover their own preferences,” a Suntory Spirits official said.
To mark the 150th anniversary of Jack Daniel’s
...More info on site
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Sri Lanka: Sri Lanka to allow Lion Brewery to import beer at lower duty
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Sri Lanka will allow Lion Brewery, franchise holder of Carlsberg in the country, beer imports at lower duty, following flood damage to its production facilities in Colombo, a report said.
Sri Lanka's The Sunday Times newspaper said customs duty for beer with alcohol of less than 5 percent has been cut to Rs129 per litre from Rs500 and for beer with over 5 percent alcohol to Rs246 from Rs500.
Lion Beer has said that it had arranged with Carlsberg group breweries to produce its stuff.
Due to high tax protection, Sri Lanka does not import a large volume of beer. Alcohol and cigarettes are also import tax protected allowing large near monopolies to emerge.
With imports going up, government import duty revenues can go up over the next few months. The newspaper said about 5 million litres of beer could be imported under the concession. The concession appeared to be exclusively given to the firm, the newspaper said.
Beer also draws high excise duties, regardless of whether it is imported or not, with beer drinkers among top taxpayers in the country, along with cigarette smokers.
Last year, customers of Ceylon Beverage Holdings group paid Rs20.2 billion in excises and the firm paid Rs938 million
...More info on site
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