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Newsletter Summary

RombBullet Quote of the week
RombBullet Currency rates
RombBullet Brewers equities
RombBullet Industry news
RombBullet Graph of the week
RombBullet Table of the week
RombBullet Prices evolution
RombBullet Barley prices
RombBullet Theoretical malt prices
RombBullet Business history
RombBullet Agenda
RombBullet News articles





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E-Malt.com Newsletter 14b
April 06 - April 09, 2017


Quote of the Week

He was a wise man who invented beer.
Plato

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Currency Rates


Base Currency: US Dollar
on April 07, 2017
Base Currency: Canadian Dollar
on April 07, 2017
      1 USD = 0.9379 EUR
1 USD = 0.8013 GBP
1 USD = 1.3429 CAD
1 USD = 1.3241 AUD
1 USD = 110.6700 JPY
1 USD = 3.1213 BRL
1 USD = 56.4369 RUB
1 USD = 6.8971 CNY
      1 CAD = 0.7445 USD
1 CAD = 0.5966 GBP
1 CAD = 0.6983 EUR
1 CAD = 0.9858 AUD
1 CAD = 82.4000 JPY
1 CAD = 2.3239 BRL
1 CAD = 41.9529 RUB
1 CAD = 5.1350 CNY

Currency Rates Chart


Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Brewery news USA: Beer continues to boost Constellation Brands annual results ...Click here
Brewery news USA: Constellation Brands CEO "extremely optimistic" about the company ...Click here
Brewery news USA, VA: Fine Creek Brewing Co. preparing for a spring opening ...Click here
Brewery news Canada, BC: Backcountry Brewing launches in Squamish ...Click here
Brewery news USA, FL: Brew Life Brewing already open in Sarasota ...Click here
Brewery news USA: Maryland’s brewers, beer wholesalers and bar owners reach agreement on legislation that would make possible Guinness brewery attraction in the state ...Click here
Brewery news USA, NJ: Heavy Reel Brewing Co. could open by late summer ...Click here
Brewery news USA, MA: Democracy Brewing on track for a November opening ...Click here
Brewery news USA, AR: Bentonville's Bike Rack Brewing Co. to conduct its first brew at its new location within the next few weeks ...Click here
Brewery news USA: MillerCoors CEO made about $5.5 mln last year ...Click here
World News
Brewery news Vietnam: Sabeco aiming to increase sales by 3% this year ...Click here
Brewery news Côte d’Ivoire: HEINEKEN and CFAO open state of the art brewery in Côte d’Ivoire ...Click here
Brewery news UK: Diageo’s Northern Ireland business performs satisfactorily in FY2016 ...Click here
Brewery news Angola: Refriango invests more than $50 mln in construction of the first phase of its brewery in Angola ...Click here
Brewery news UK & Ireland: Cans of Guinness could be an unexpected casualty of Brexit ...Click here
Graph of the Week


Table of the Week

EU Malting Barley Supply and Demand Estimate 2017/18


Table of the week.

Prices Evolution

Prices evolution

Barley Prices



Theoretical Malt Prices



These Days in Business History


06 April
1869 - 1st plastic, Celluloid, patented
1909 - 1st credit union forms in US
1992 - Microsoft announced Windows 3.1, upgrading Windows 3.0

07 April
1348 - Prague University, 1st university in central Europe, formed by Charles IV
1902 - Texaco, Oil Company forms
1927 - First long-distance public television broadcast (from Washington, D.C., to New York City, displaying the image of Commerce Secretary Herbert Hoover)
1933 - Prohibition in the United States is repealed for beer of no more than 3.2% alcohol by weight, eight months before the ratification of the XXI amendment
1948 - World Health Organization forms by U.N.
1964 - IBM announces the System/360
1969 - The Internet's symbolic birth date: publication of RFC 1
1999 - The World Trade Organization rules in favor of the United States in its long-running trade dispute with the European Union over bananas

08 April
1862 - John D. Lynde patents aerosol dispenser
1904 - John R Hicks is born, British economist (Nobel 1972)
1908 - Harvard University votes to establish the Harvard Business School
1946 - Electricite de France, the world's largest utility company, is formed as a result of the nationalisation of a number of electricity producers, transporters and distributors

09 April
1799 - Income Tax introduced in UK
1957 - The Suez Canal in Egypt is cleared and opens to shipping
2007 - Apple Computer unveils the revolutionary iPhone


Agenda


April 2017:
07-08: Helsinki Beer Festival 2017 (Helsinki , Finland)
10-13: Craft Brewers Conference & BrewExpo America 2017 (Washington, D.C., USA)
12-14: Siberian Beer 2017 (Novosibirsk, Russia)
22-23: Zythos Beer Festival 2017 (Leuven, Belgium)


May 2017:
14-18: EBC 2017 (Ljubljana, Slovenia)
16-19: Beer 2017 (Sochi, Russia)
18-20: Copenhagen Beer Festival 2017 (Copenhagen, Denmark)
25-27: South Beer Cup 2017 (Buenos Aires, Argentina)


June 2017:
06-07: Brewing Equipment and Technology 2017 (Birmingham, UK)
11-13: Brewing Conference Bangkok 2017 (Bangkok, Thailand)
14-18: Mondial de la Biere 2017 (Montreal, Canada)


July 2017:
08: Beer Boot Camp 2017 (Johannesburg, South Africa)
15: Beer Boot Camp 2017 (Cape Town, South Africa)
26-28: Brasil Brau 2017 (Sao Paulo, Brazil)


August 2017:
04-06: The 21st International Berlin Beer Festival (Berlin, Germany)
08-12: The Great British Beer Festival 2017 (London, UK)
09-12: Vietfood & Beverage 2017 (Ho Chi Minh City, Vietnam)


September 2017:
03-06: 18th Australian Barley Technical Symposium (Hobart, Tasmania)
07-09: Irish Craft Beer Festival 2017 (Dublin, Ireland)
11: International MicroBrew Symposium 2017 (Munich, Germany)
11-15: drinktec 2017 (Munich, Germany)
16-03 October: Oktoberfest (Munich, Germany)
23-24: Whisky Live Paris 2017 (Paris, France)


October 2017:
16-17: 104 VLB October Convention 2017 (Berlin, Germany)
23-25: 8th Ibero-American VLB Symposium 2017 in Guatemala (Guatemala City)


November 2017:
22-23: Craft Beer Italy 2017 (Milan, Italy)


More events are available on site www.e-malt.com



News Articles


Brewery news USA: Beer continues to boost Constellation Brands annual results
Beer continues to be the big growth driver for Constellation Brands.

On April 6, the wine, spirits and beer maker reported its annual earnings, which were boosted by $4.2 billion in net beer revenues for the fiscal year ending February 28, a 17 percent increase over the prior year.

“Our beer business continues to be a powerhouse for growth,” Constellation Brands CEO Rob Sands said in a press release. “We exceeded our profit and margin goals for the year. These excellent results were driven by solid performance for every brand in our portfolio, which resulted in Constellation being the No. 1 growth contributor to the U.S. beer industry for the year.”

Organic net beer sales increased 13 percent on the year due to volume growth and pricing as well as an acquisition benefit from the $1 billion deal to purchase California-based craft brewery Ballast Point. Constellation’s beer shipments increased 11.1 percent for the year with depletions growing 10.4 percent.

In the fourth quarter alone, net beer sales increased by 11 percent, to $891.2 million, and depletions grew 6.2 percent.

In the release, Sands highlighted Constellation’s “industry-leading depletion growth” of around 10 percent during the first the months of the 2017 calendar year, despite a “challenging ...More info on site


Brewery news USA: Constellation Brands CEO "extremely optimistic" about the company
Constellation Brands' stock is flying, and CEO Robert Sands said he is "extremely optimistic" about the company's 2017 prospects despite Wall Street's nail-biting about a potential tax on U.S. imports, CNBC reported on April 7.

"We're not going to sit around and worry too much or try to base our decision[-making] on the probability of this occurring," Sands told "Mad Money" host Jim Cramer on April 6.

And while the company has planned for whatever happens with the border tax, Sands has higher priorities as the CEO of the fastest-growing consumer packaged goods company in the United States.

Sands said the decision to use temporary fourth-quarter weakness as an opening to buy back over 1 billion shares of Constellation's stock, which hit an all-time high on April 6, was strategic.

"We bought back [1.1 billion] of our own stock at average price of about $151 and here we sit today at the moment at $171, so it's looking like a good decision," Sands said.

Constellation is no stranger to strategy. The impressive growth trajectory of one of the company's Mexican beer brands, Pacifico, could make it Constellation's next big hit, Sands said.

"All of a sudden, the growth on Pacifico has jumped up to high-double-digit growth, ...More info on site


Brewery news USA, VA: Fine Creek Brewing Co. preparing for a spring opening
Tucked away in the woods of Powhatan, one of the area’s newest breweries will soon rise, wtvr.com reported on April 5.

Fine Creek Brewing Co. is preparing to open this spring at 2425 Robert E. Lee Road, next to The Mill at Fine Creek wedding venue. It will be the first brewery in Powhatan County.

Behind the brewery are Lisa and Mark Benusa, a local mother-and-son duo who have operated The Mill since 2005.

Mark Benusa said they bought the brewery’s 5-acre parcel from their neighbors in 2014. They began building about a year ago, Benusa said.

“I just feel like Powhatan deserves something like this,” Mark Benusa said of being the first brewery in the county.

Sycamore Builders are building the facility, which the Benusas are funding through an investor and a loan from C&F Bank. Benusa said he’s targeting a mid-May opening.

Fine Creek will brew with a three-barrel system in its 3,500-square-foot taproom. Roughly half the facility will be a tasting room, where Fine Creek also will serve cheese boards and other appetizers. Benusa said head brewer Gabe Slagle plans to have six beers ready upon opening.


Brewery news Canada, BC: Backcountry Brewing launches in Squamish
The recent flurry of brewery openings in British Columbia continued this past weekend with the opening of a new brewery and taproom in Squamish, Canadian Beer News reported on April 4.

Backcountry Brewing has been established by a group of five partners, including head brewer John Folinsbee (ex-Steamworks), and Ben Reeder, co-owner of Maple Bay Hop Farm where many of the hops used in Backcountry’s beers will be grown.

Following a soft opening late last week, Backcountry officially opened on April 1st, and is pouring glasses, flights and growlers of several beers including East Coast IPA, American Pale Ale, and German Pilsner. In addition to a core line-up of five or six bands, Folinsbee plans to offer a rotation of seasonal and limited edition beers in a variety of styles.

Backcountry Brewing is located at 405-1201 Commercial Way in Squamish, and is open Tuesday and Wednesday from 3:00 to 10:00 PM, Thursday from 3:00 to 11:00 PM, Friday and Saturday from 12:00 noon to 11:00 PM, and Sunday from 12:00 noon to 10:00 PM.


Brewery news USA, FL: Brew Life Brewing already open in Sarasota
There’s a new brewery in Sarasota, and it’s out to prove that bigger doesn’t always mean better, Your Observer reported.

Brew Life Brewing, which opened its doors last weekend, specializes in small-batch brewing. Mick Cohn and Michael Evanoff have partnered with head brewer Tom Harris to open the operation, located at 5767 Beneva Road, in the former Beer Box.

Cohn and Evanoff previously partnered for the Beer Box, and Harris is former head brewer at JDub’s Brewing Co. and is a consultant with Chela Brewing and Big Top Brewing companies.

Together, they plan to offer beer brewed with a small, simple operation, as well as other experimental products, like specialty sodas.

“The brewing idea is something that goes all the way back to the Beer Box days,” says Cohn. “The timing was finally right. Tom brought up the small-batch idea, and it was perfect. We want a sense of urgency about each beer we make — there’s literally only so much of it. It’s not always about quantity. It’s about quality.”

Cohn says the 55-gallon system, which yields about 300 pints, allows for more precise control over each batch and helps them devote more of their resources to ingredients and beer.

The lineup will feature ...More info on site


Brewery news USA: Maryland’s brewers, beer wholesalers and bar owners reach agreement on legislation that would make possible Guinness brewery attraction in the state
Maryland's brewers, beer wholesalers and bar owners reached an agreement on legislation on April 7 that would allow a Guinness brewery attraction to open in Baltimore County and let craft breweries sell more beer in their taprooms, the Baltimore Sun reported.

But the legislation still must clear multiple hurdles before the end of the General Assembly session on Monday, April 10.

The compromise bill would allow production breweries — including the proposed Guinness facility — to sell significantly more beer in their in-house taprooms, and some of that beer could be produced off-site. In exchange, new breweries would have limited hours.

The legislation won approval on April 7 from the state Senate committee that handles alcohol issues, then flew through the full Senate on a 45-1 vote. It now heads to the House of Delegates, which must agree to the Senate's changes before the 90-day legislative session ends at midnight on April 10.

"We're happy we can move forward," said Dwayne Kratt, senior director of state government affairs for Diageo, the international liquor company that owns the Guinness beer brand.

Negotiations have been going on for weeks among Diageo; the Brewers Association of Maryland, which represents independent brewers; the Maryland Beer Wholesalers Association; and the ...More info on site


Brewery news USA, NJ: Heavy Reel Brewing Co. could open by late summer
A new microbrewery is headed for Seaside Heights’ Boulevard, the Asbury Park Press reported on April 6.

Heavy Reel Brewing Co. could open by late summer if the Borough Council votes in favor of a zoning change to accommodate the small brewery at the council's April 19 meeting.

"There is definitely no contract signed yet, but we've been looking at a couple of different spots in Seaside Heights," Heavy Reel owner Jeff Greco said.

Greco initially appeared before the Seaside Park Planning Board in February with a proposal to build a 640-square-foot brewery on Central Avenue, but his plans faced opposition from some board members as well as residents, who worried about noise and parking issues.

Enter Seaside Heights officials, who approached the 29-year-old Greco to express interest in his business. Mayor Anthony Vaz and the Seaside Heights council have been trying to attract businesses to vacant buildings on the Boulevard for the past several years.

"We're very optimistic," said Borough Administrator Christopher Vaz, who is the mayor's son. "We see it as a positive for the Boulevard. It's an interesting concept and it will add something different."

The ordinance the council is considering would permit craft breweries and liquor distilleries on the Boulevard. Administrator ...More info on site


Brewery news USA, MA: Democracy Brewing on track for a November opening
From the get-go, mega beer fan James Razsa and partner and head brewer Jason Taggart had a simple, if ambitious, plan for their forthcoming brewhouse, Democracy Brewing, BostInno reported on April 7.

“Our whole mission has been to recreate the ‘public house,'” said Razsa. “Trying to open a place in Boston that becomes another general gathering place that builds community. A spot that brings out the folks that make America and Boston an amazing place.”

And after four years of development, Razsa and Taggart’s brewery and restaurant is on track for a November opening right in Downtown Crossing. Razsa says they are in the final stages of lease signing and red tape so is staying mum on the exact location, but says the ten months spent finding a space in the city with the notoriously steep rents made locking down a location an endeavor almost as laborious as the rest of the project as a whole.

“It was a nightmare, especially for what we’re trying to do,” he said. “After looking at locations in Southie and Dorchester, the rents there were almost the same, if not higher than downtown, so we figured we’d just go where the people are.”

And the people will likely ...More info on site


Brewery news USA, AR: Bentonville's Bike Rack Brewing Co. to conduct its first brew at its new location within the next few weeks
Bentonville's Bike Rack Brewing Co. will open its new 8th Street Market location soon, KNWA reported on April 6.

The company says it is expanding, and plans to conduct its first brew at the new location within the next few weeks.

Josiah Moody will be brewmaster at the northwest Arkansas location.

The company says the 8th street market area, is "a community-focused hub that will be an innovated hub for food, arts and culture." It says it is happy to join in the community.


Brewery news USA: MillerCoors CEO made about $5.5 mln last year
CEO Gavin Hattersley, the man at the helm of MillerCoors' ongoing turnaround mission, made about $5.5 million in total compensation last year, according to filings with the Securities and Exchange Commission on April 5.

Hattersley's compensation — a mix of base salary, stock and option awards, incentive pay and pension value — more than doubles his $2.4 million in compensation from 2015, when he was promoted to MillerCoors CEO. Hattersley was previously chief financial officer for parent company Molson Coors.

Chicago-based MillerCoors is now solely owned by Molson Coors. Last year, SABMiller sold its 58 percent stake in MillerCoors to Molson Coors, which already owned the rest, for $12 billion — a key divestiture for Anheuser Busch InBev as it acquired SABMiller in the $108 billion "megabrew" deal.

Under Hattersley's leadership, MillerCoors is trying to stop the volume sales decline by 2018 and return to growth by 2019.



Brewery newsVietnam: Sabeco aiming to increase sales by 3% this year
Vietnam's biggest brewer Sabeco is aiming to push sales to more than 1.7 billion litres this year, an increase of 3 percent against 2016, ...More info on site


Brewery newsCôte d’Ivoire: HEINEKEN and CFAO open state of the art brewery in Côte d’Ivoire
HEINEKEN and CFAO on April 5 opened a state of the art brewery constructed by their joint venture, Brassivoire, in the Anyama industrial zone, ...More info on site


Brewery news UK: Diageo’s Northern Ireland business performs satisfactorily in FY2016
Diageo said the company's Northern Ireland business performed satisfactorily in a competitive marketplace after posting pre-tax profits of £2.7 mln, the Belfast Telegraph reported on April 6. The Guinness owner stressed that a drop in turnover to £111 mln for the year ending June 2016, down from £122 mln, was "driven mostly by the disposal of certain brands and a reduction in spirits volumes".

The drinks giant sold off its Bushmills brand in 2014 to Casa Cuervo.

Diageo, which also owns Smirnoff, Harp and Baileys, acquired Tequila Don Julio from Casa Cuervo in Mexico in return for the whiskey.

In its latest Northern Ireland accounts, Diageo said: "The business performed satisfactorily in the year in a competitive market place for both beers and spirits.

"The business grew volumes in the beer category while turnover was depressed by lower pricing."

The company also insisted it maintained profits by "effective price control".

Diageo's accounts show that the bulk of its sales in Northern Ireland remained in beer, with £84.2 mln of turnover. That was bolstered by strong Guinness sales.

Its spirits business made up £26.8 mln of overall turnover.

Overall, pre-tax profits fell from £3 mln in 2015, to £2.7 mln.

The company employed an average of 142 workers across sales ...More info on site


Brewery news Angola: Refriango invests more than $50 mln in construction of the first phase of its brewery in Angola
An investment of more than US$50 million made by Angolan beverage company Refriango in the construction of the first phase of a factory to make Tigra beer has made it possible to replace 60 million litres of annual imports, said the company’s chairman, Macauhub reported.

Estevão Daniel also told Angolan news agency Angop that this project will help to attract others in related areas such as packaging raw materials for the production of the beverages and technical services.

“The beverage sector, due to the development already noted in Angola, opens up opportunities for integration in the value chain, and is thus of high strategic interest in terms of economic diversification,” he said.

The chairman of Refriango also said that expansion of the new plant, with an additional investment of about US$32 million, will triple initial beer production capacity.

Refriango specializes in the production and distribution of juices, soft drinks, water, energy drinks and alcoholic beverages, and has a portfolio of 15 brands, some of which are market leaders in their segments, such as soda brand Blue, water brand Pura, juice brands Nutr and Tutti and Welwitschia tonic water.

The company owns one of the largest factories in Africa, with an annual production capacity of 1.9 ...More info on site


Brewery news UK & Ireland: Cans of Guinness could be an unexpected casualty of Brexit
Cans of Guinness could be an unexpected casualty of Brexit if a new customs border or tariffs are introduced between the Republic and Northern Ireland when the UK leaves the European Union, it has emerged.

Guinness is one of Ireland’s most famous exports but Brexit will have a direct impact on its production as the black stuff crosses the Irish border twice before being shipped from Dublin to Britain and beyond, The Guardian reported on April 7.

The stout is made at the St James’s Gate brewery in Dublin. The drink is then pumped into tankers, known as “silver bullets”, and driven 90 miles to east Belfast where it is canned and then sent back to Dublin Port for onward distribution.

Diageo, the Guinness owner, confirmed in a Bloomberg report on April 7 that it had estimated a so-called “hard border” could cause delays of between 30 minutes and an hour, costing an extra €100 (£85) for each lorry-load of Guinness.

Each year the company makes 13,000 beer-related border crossings in Ireland and Guinness contingency plans estimate the delays could amount to €1.3 mln in additional costs a year.

Diageo would either be forced to absorb that cost or pass it on to the consumer ...More info on site


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