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E-Malt.com Newsletter 38a
September 18 - September 20, 2017
Quote of the Week
One fails forward toward success.
Charles Kettering
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Currency Rates
Base Currency: US Dollar
on September 21, 2017 |
Base Currency: Canadian Dollar
on September 21, 2017 |
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1 USD = nq EUR
1 USD = nq GBP
1 USD = nq CAD
1 USD = nq AUD
1 USD = nq JPY
1 USD = nq BRL
1 USD = 58.1290 RUB
1 USD = nq CNY
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1 CAD = nq USD
1 CAD = nq GBP
1 CAD = nq EUR
1 CAD = nq AUD
1 CAD = nq JPY
1 CAD = nq BRL
1 CAD = nq RUB
1 CAD = nq CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Labatt Breweries investing C$460 mln to enhance operations and boost growth
...Click here
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Canada: Barley use down 5% in 2016-17, forecast to increase by 3% in 2017-18
...Click here
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Canada: Drop in production gives some support to feed barley prices
...Click here
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USA, VA: Starr Hill Pilot Brewery already open to the public in Roanoke
...Click here
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Mexico: AB InBev to urge Mexicans to become beer store owners at home rather than crossing the US border illegally
...Click here
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USA, NY: Skewed Brewing Co. planning to move production to facility in Lowville
...Click here
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USA, ME: Black Bear Brewing Company to open new brewpub in Bangor
...Click here
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USA, PA: Anvil Brewing’s brewpub holds grand opening in Pittsburg
...Click here
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USA, NC: Hendersonville’s Basic Brewery shuts its doors
...Click here
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World: Diageo forecast stronger sales and profit growth in second half of its financial year
...Click here
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World: Malting barley of correct quality in short supply this year
...Click here
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World: Heineken controlling shareholder to buy €200 mln of brewery’s shares put up for sale by Mexico’s Femsa
...Click here
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Germany: Hop production expected to be average this year despite frosts, lack of rain in June and spider mite infestation
...Click here
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Germany: Official estimate shows increase in both Germany’s winter and spring barley production
...Click here
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Argentina: Up to 40 thousand ha of barley could be lost due to heavy rains this month
...Click here
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India: Vijay Mallya's United Breweries shares worth Rs 100 crore transferred to central government
...Click here
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Vietnam: Vietnamese experts urge local buyers to protect Habeco and Sabeco beer brands
...Click here
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Thailand: New excise taxes favour higher-priced beer
...Click here
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Bulgaria: Kamenitza breaks ground for multi-functional complex including craft brewery in Plovdiv
...Click here
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Australia: Heineken 3 captures almost a third of Australia’s premium mid-strength beer market
...Click here
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China & South Korea: Popularity of China’s Tsingtao beer sharply up in South Korea despite diplomatic row
...Click here
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India: Newly appointed Mahou India CEO believes in huge growth potential of India’s beer market
...Click here
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Malawi: Carlsberg raises prices of its products in Malawi
...Click here
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United Arab Emirates: Craft beer being increasingly offered at Dubai’s bars and restaurants
...Click here
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Graph of the Week
Table of the Week
World Barley Supply and Distribution
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
18 September
1837 - Tiffany and Co. (first named Tiffany & Young) is founded by Charles Lewis Tiffany and Teddy Young in New York City
1842 - 1st edition of Pittsburgh Post-Gazette is published
1851 - The first edition of The New York Daily Times, which later became The New York Times,is published
1955 - The Ford Motor Company produced its 2,000,000th V-8 engine on this day, 23 years after the first Ford V-8 was manufactured
19 September
1849 - 1st commercial laundry established in Oaklan, California
1854 - Henry Meyer patents sleeping rail car
1876 - 1st carpet sweeper patented (Melville Bissell of Grand Rapids, Mich)
1887 - Dr. Graham Edgar, developer of the octane rating system, was born in Fayetteville, Arkansas, on this day
1888 - World's 1st beauty contest (Spa, Belgium)
20 September
1519 - Portuguese navigator Ferdinand Magellan sets sail from Spain in an effort to find a western sea route to the rich Spice Islands of Indonesia
1839 - 1st railroad in the Netherlands opens (Amsterdam-Haarlem)
1877 - Chase National Bank opens in NYC (later merges into Chase Manhattan)
Agenda
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)
21-23: Warsaw Beer Festival 2018 (Warsaw, Poland)
22-23: Beertopia 2018 (Hong Kong, China)
23-24: Whisky Live Paris 2017 (Paris, France)
28-30: Stockholm Beer & Whisky Festival 2017 (Stockholm, Sweden)
October 2017:
05-07: Stockholm Beer & Whisky Festival 2017 (Stockholm, Sweden)
11-15: Mondial de la Biere Rio 2018 (Rio de Janeiro, Brazil)
16-17: 104 VLB October Convention 2017 (Berlin, Germany)
23-25: 8th Ibero-American VLB Symposium 2017 in Guatemala (Guatemala City)
26-28: drink technology India 2017 (New Delhi, India)
November 2017:
11: International MicroBrew Symposium 2017 (Munich, Germany)
22-23: Craft Beer Italy 2017 (Milan, Italy)
More events are available on site e-malt.com
News Articles
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Canada: Labatt Breweries investing C$460 mln to enhance operations and boost growth
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Labatt Breweries of Canada says it is investing C$460 million between 2017 and 2020 to enhance its operations and help boost growth, The Globe
...More info on site
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Canada: Barley use down 5% in 2016-17, forecast to increase by 3% in 2017-18
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For 2016-17, Canada’s total domestic barley use decreased by 5% to 5.831 mln tonnes due to lower feed and industrial use, Agriculture and Agri-Food
...More info on site
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Canada: Drop in production gives some support to feed barley prices
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A 16.8 per cent drop in the size of Canada’s barley crop has given feed barley prices some support, according to an industry-watcher in Alberta, Manitoba Co-Operator reported on September 19.
“The market is looking fairly strong,” said Allan Pirness of Market Place Commodities in Lethbridge. “It’s made things a little firmer for new-crop feed grain.”
Wet weather in the spring delayed seeding in many areas so there were already expectations this year’s crop would be lower.
Where Canada in 2016-17 grew 8.8 million tonnes of barley, Statistics Canada on September 19 released its latest estimate for the 2017-18 crop, pegging it at just 7.3 million tonnes.
Feed barley prices are sitting around the C$200-C$205 per tonne mark, Pirness said, up slightly from last week when they was closer to C$195.
The same range holds true for feed wheat as well, he said.
“Feedlots aren’t bidding up for wheat and the way the winter wheat price has gone for export opportunities to the line companies, they’re not bidding up either.”
Feed buyers, however, will likely have options open to them soon, due to problems in the U.S.
“Given the lower quality of malt barley in North Dakota, Montana, some of that will find its way into the feed
...More info on site
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USA, VA: Starr Hill Pilot Brewery already open to the public in Roanoke
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While hurricanes delayed the on-site beer production, Starr Hill Pilot Brewery and Side Stage is now open to the public, Roanoke Times reported.
The independent brewery’s new Roanoke location at The Bridges development had a small crowd for a private opening ceremony on Friday, September 15 where Starr Hill officials talked about the new taproom. The brewery opened to the public at noon Saturday, September 16.
The new, approximately 2,200-square-foot tasting room has multiple wooden benches with tables as well as bar seating. A custom-made bar was installed along with a small stage for live music.
There are 23 taps pouring Starr Hill brews and some of them have the Charlottesville-area brewery’s best known suds, such as Northern Lights IPA and The Love wheat beer. Soon 15 to 18 of the taps will have specialty beers made on site.
Starr Hill representatives said the five-barrel brewing system was delivered earlier this week, but it was late due to logistical problems from the hurricanes that hit the southern U.S., so it is not in operation yet.
Brewery spokesman Jack Goodall said beer should be brewing at the site in the next few weeks and for sale shortly after.
The Roanoke site is specifically creating experimental beers. Goodall
...More info on site
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Mexico: AB InBev to urge Mexicans to become beer store owners at home rather than crossing the US border illegally
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Anheuser-Busch InBev will urge Mexicans who plan to cross the border into the U.S. to become undocumented workers to stay - and become small business owners running beer stores, AdAge.com reported on September 18.
AB-owned beer giant Grupo Modelo was looking for a way to turn Modelorama, its neglected retail chain, into a powerful national brand when Donald Trump's rants about building a wall between the U.S. and Mexico struck a chord.
"We said 'that's a great opportunity,'" says Daniel Haskell, business unit head of Modelorama. "Why don't we launch the brand through an initiative that lets people know in an impactful way that they don't have to go to the other side of the wall to find opportunity?"
Grupo Modelo has 8,000 Modelorama beer stores across Mexico and is opening two or three a day, which amounts to 900 so far this year and 873 in 2016. It costs between $4,000 and $20,000 to be smuggled into the U.S. from Mexico, but only about $5,000 to become a Modelorama franchisee, Haskell says.
Modelorama's new agency Anonimo dispatched well-known documentary filmmaker Juan Carlos Rulfo to the border to make a short film to be distributed online that illustrates the plight of workers who leave
...More info on site
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USA, NY: Skewed Brewing Co. planning to move production to facility in Lowville
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A Watertown brewing company plans to move production to a facility in Lowville developed by the Lewis County Industrial Development Agency.
“They are very enthusiastic, as we are,” IDA board Chairman Roscoe K. “Rocky” Fawcett, also a county legislator from Lyonsdale, said of Skewed Brewing Co.
The IDA board has approved a lease/purchase agreement with Skewed, which operates a restaurant at the Salmon Run Mall in Watertown, on a building containing nearly new brewing equipment at 5501 Trinity Ave.
Co-owner Ryan N. Chaif said the plan is to relocate their brewing equipment here within the next month and operate it as a production facility for their beer and non-alcoholic kombucha tea. The new facility and additional brewing equipment will allow them to effectively double production and “keep up with the demand” for their restaurant in Watertown, he said.
“It’s a good time to increase production,” he said, adding that their American pale ale named the Juice won a silver medal from the 2017 New York State Craft Beer competition.
Mr. Chaif said the brewery was reaching capacity and felt the 1,728-square-foot structure, which was already set up for brewing, about 40 minutes away, would be a good fit. “It seemed like a good opportunity,” he
...More info on site
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USA, ME: Black Bear Brewing Company to open new brewpub in Bangor
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One of the first taprooms to open in Orono is now coming to Bangor, WABI reported on September 15.
Black Bear Brewing Company is opening a new location on Exchange Street.
Owner Tim Gallon grew up here and knew his hometown was the perfect spot to expand.
Black Bear Brewing now joins the Bangor Symphony Orchestra and Thompson Hamel in the block of buildings recently purchased by ANM Properties.
Gallon says it will be fairly similar to their Orono location.
"So we'll make most of the beer there and bring it down here but we also want to do pilot batches down here. So we'll have a small brewing system and we can sort of pilot recipes," said Tim Gallon, Owner of Black Bear Brewing Co. "Other than that, we just want a comfortable, nice atmosphere that people like to come into and have a great pint of craft beer."
"Our revitalization of this block is helping bring exchange street back into downtown," said James Strout, Project Manager at ANM Properties. "We're very excited about being a part of all the great things that are happening in downtown Bangor."
ANM Properties says this prime real estate has sat unoccupied for nearly ten years.
They're excited to continue to
...More info on site
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USA, PA: Anvil Brewing’s brewpub holds grand opening in Pittsburg
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Byron and Kristin Aldredge have converted the long-shuttered Pilgrim's Pride Feed Store at 115 Compress in Pittsburg into the Anvil Brewing brewpub and dance hall. The establishment had its grand opening Saturday, September 16, Longview News-Journal reports.
Getting the 100-year-old building, vacant since 1961, ready for business was a big project, said Byron Aldredge, who did most of the work on the building himself.
"We are at the end of the beginning of the work," he said last week. "Now, we are into building the business and improving the property with the revenues that come in."
The first floor will have seating for about 40 people and the upstairs dance hall at 3,000 square feet can seat 273 customers, he said.
The Anvil Pub serves a variety of dishes including gourmet flatbread pizzas, pastas, steaks and sandwiches. Aldredge said the pub has five craft beers on tap.
"We are working on getting bands booked in," said Aldredge, adding live music will be available on Friday and Saturday nights.
He and his wife, a real estate agent, have hired eight people for the business, which will be open from 3 to 11 p.m. Fridays and Saturdays and for brunch from 11 a.m. to 2 p.m. Sundays.
The restaurant
...More info on site
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USA, NC: Hendersonville’s Basic Brewery shuts its doors
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Basic Brewery on Third Avenue in downtown Hendersonville served its last beer earlier this month, BlueRidgeNow.com reported on September 16.
“After careful thought and consideration we have decided to close our brewery,” reads a sign posted on the front door. Sept. 3 was the business’ last day.
“As many of you know, Rich has continued to work full-time in Greenville (South Carolina), in addition to co-owning our brewery in Hendersonville,” the message continues. “That daily commute and those job responsibilities, along with an ongoing health issue in the family, are the reasons for our decision to close.”
“We are at peace with our decision and very much look forward to our future endeavors. A huge thank you to all those wonderful individuals who supported and really appreciated our nanobrewery and our beers.”
The sign ends with saying the post will be the brewery’s only statement.
Owners Linda and Richard Wenger opened the brewery in March 2016.
The couple said the idea was to be a place where customers could come sample beers from other towns and plan their beer journeys from there, according to previous reporting.
Despite the closure, the craft beer scene in Henderson County continues to grow. Two microbreweries are planned to open in town
...More info on site
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World: Diageo forecast stronger sales and profit growth in second half of its financial year
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Diageo, the maker of Johnnie Walker whisky and Smirnoff vodka, forecast stronger sales and profit growth in the second half of its financial year
...More info on site
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World: Malting barley of correct quality in short supply this year
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Malting barley of correct quality is in short supply this year, H. M. Gauger GmbH reported earlier in September.
Poor crops in parts of
...More info on site
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World: Heineken controlling shareholder to buy €200 mln of brewery’s shares put up for sale by Mexico’s Femsa
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Heineken’s controlling shareholder, L’Arche Green NV will boost its stake in the Dutch brewer by buying €200 mln of the €2.5 blnn in shares
...More info on site
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Germany: Hop production expected to be average this year despite frosts, lack of rain in June and spider mite infestation
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Despite frosts, lack of June rain, and a spider mite infestation, German hops production is expected to be average due in part to increased
...More info on site
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Germany: Official estimate shows increase in both Germany’s winter and spring barley production
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The first official crop estimate puts Germany’s winter barley at 9.0 mln tonnes, (last year 8.96); spring barley at 1.91 mln tonnes, (1.77), H.
...More info on site
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Argentina: Up to 40 thousand ha of barley could be lost due to heavy rains this month
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Up to 150 thousand ha of wheat and 40 thousand ha of barley could be lost in Argentina following heavy rain, according to the Buenos Aries Grain Exchange (BAGE).
While tentative due to difficulty assessing the situation, such area losses could reduce production, the analysts said.
BAGE initially estimated that 5.5 mln ha of wheat and 0.8 mln ha of barley were planted for 2017/18. Further heavy rain, forecast throughout the reminder of September, could worsen the situation and could also likely delay early maize planting in the Buenos Aires and Santa Fe regions.
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India: Vijay Mallya's United Breweries shares worth Rs 100 crore transferred to central government
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The Stock Holding Corporation of India Ltd (SHCIL) has transferred the title and rights of shares worth Rs 100 crore of United Breweries Ltd (UBL), held directly and indirectly by Mallya, to the central government, Business Today reported on September 18.
According to a report in The Indian Express, the Enforcement Directorate (ED) had written to SHCIL directing the depository to transfer the title and rights of un-pledged shares of UBL, United Spirits Ltd (USL) and McDowell Holdings Ltd worth close to Rs 4,000 crore, held by Mallya and his associate firms, under section 9 of the PMLA.
The agency has attached 4 crore unpledged shares of UBL, 25.14 lakh shares of USL and 22 lakh shares of McDowell Holdings of Mallya, and some private companies allegedly linked to him, the report said.
In September last year, the Enforcement Directorate had issued an attachment order for worth Rs 6,630 crore against beleaguered businessman Vijay Mallya.
Under section 9 of the Prevention of Money Laundering Act (PMLA) rules, after an order of confiscation, all the rights and title in such property 'shall vest absolutely in the Central Government free from all encumbrances.'
In February, a special court had confirmed the Enforcement Directorate order to attach Rs
...More info on site
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Vietnam: Vietnamese experts urge local buyers to protect Habeco and Sabeco beer brands
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Foreign investors have shown their intention to buy a stake in Habeco and Sabeco, but Vietnamese experts say that local buyers should protect the
...More info on site
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Thailand: New excise taxes favour higher-priced beer
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New excise taxes in Thailand have affected prices across industries ranging from beverages to cars, with the new tax regime causing higher prices for some items but lower prices for others, The Straits Times reported on September 17.
Thailand's Excise Department expects to collect additional tax revenue of 12 billion baht (S$487 million) from the changes.
New excise taxes will cause "moderate" rises in the prices of alcoholic beverages, sugary drinks and cigarettes, the director general of the Excise Department, Somchai Poolsavasdi, said on September 16.
It may also cause a small rise in prices for imported cars and cars manufactured in customs-free zones. Somchai told a press conference that the new taxes rates would be effective immediately.
The price of many items would not increase and some items would be taxed less, he said. Some producers might absorb rising costs for products facing high market competition, he said, but in any case consumers would not pay much more for these products. The new excise system is based on the retail price, while the previous system was based on ex-factory or CIF (cost, insurance and freight) prices.
"The new tax system will be more transparent and just as it is based on only the suggested
...More info on site
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Bulgaria: Kamenitza breaks ground for multi-functional complex including craft brewery in Plovdiv
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Bulgarian brewer Kamenitza, part of U.S.-based Molson Coors Brewing Company, broke ground for a 2 million euro ($2.4 million) multi-functional complex in Plovdiv on September 19, the economy ministry said.
The investment in the Kamenitza Brewery project will create 50 new jobs, the ministry said in a statement.
Last month, Kamenitza sold 30,500 sq m of land in the central part of Plovdiv, Bulgaria's second largest city, to two local companies which plan to develop a mixed-use project there. The plot of land used to be the site of a Kamenitza brewery.
Kamenitza retained ownership of an adjacent 3,500 sq m plot of land on which it will develop the multi-functional complex that will include a craft beer microbrewery and a museum, and is expected to be completed in 2018.
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Australia: Heineken 3 captures almost a third of Australia’s premium mid-strength beer market
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The 3.3%-abv Heineken 3 has captured almost a third of the Australian premium mid-strength beer market since its launch last year, Heineken has said.
The beer, which is the focus of a new marketing campaign in Australia, accounted for 31% of July sales in the premium mid-strength category, according to scanner data cited by Heineken on September 20. The brand also has a 21% awareness level with 18-65-year-old consumers and a 79% repurchase rate.
Heineken said the performance "exceeded our expectations", adding that the awareness levels were "great for a product that has only been in the Australian market for 12 months".
Heineken 3 was launched exclusively in Australia in August last year and is a low-carb and calorie beer that aims to recruit female drinkers with a more health-conscious message. According to Heineken, the international premium mid-strength segment grew by 60% in Australia in 2016.
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China & South Korea: Popularity of China’s Tsingtao beer sharply up in South Korea despite diplomatic row
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Sales of China's Tsingtao beer have risen sharply in South Korea in recent months despite South Korean firms being hit by Beijing's retaliation against Seoul for the deployment of a US missile defence system on its soil, industry sources said on September 19.
Beijing insists the installation of the Terminal Altitude Area Defence (THAAD) will undermine China's security interests, although Seoul says it is to defend against North Korean provocations, not aimed at China.
The Chinese government has shut down many Lotte outlets in China, citing violations of fire safety regulations while banning imports of Korean pop culture content and the sale of tour packages to South Korea.
E-Mart, South Korea's largest discount chain, said sales of Chinese beer Tsingtao surged 28.8 percent for the first eight months in 2017 compared to a year earlier.
Tsingtao emerged as the fourth-largest imported beer brand during the period.
Imports of Chinese beer surged more than seven times to 36,159 tons, worth $26.3 million, last year from 4,836 tons in 2010, with Tsingtao accounting for most of the imported Chinese beer, according to figures from the Korea Customs Service (KCS).
Tsingtao sales have increased recently due mainly to the growing popularity of lamb skewers consumed together with Tsingtao
...More info on site
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India: Newly appointed Mahou India CEO believes in huge growth potential of India’s beer market
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Fernando Bustamente, the newly appointed CEO of Mahou India, a subsidiary of Mahou San Miguel, spoke with BW Hotelier about his plans for the company in India. Bustamente takes over from Erik d’Auchamp, who moves on as International Managing Director.
Speaking about his journey so far, Bustamante said, “I feel extremely proud to be a part of Mahou San Miguel, a 126 year old Spanish brewing major and market leader in Spain. 26 years of experience, off and on trade business in Spain will hold me in very good stead, in my role to lead the company’s operations in India.”
Bustamante believes that the Indian market, by virtue of being culturally and geographically diverse, offers a great learning experience and has got a huge growth potential.
The Indian beer market is growing rapidly. In the data shared by Bustamante, it says during 2010-2015 period, the compound annual growth rate in terms of volume was 8.2 per cent, reaching 25 million hl in sales. The projections show a target of 33 million hl by 2020.
Relating to the data shared by him, Bustamante stated, “There is definitely space for new players, and as a new player, we will find our space in the market
...More info on site
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Malawi: Carlsberg raises prices of its products in Malawi
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Carlsberg Malawi Limited has raised the prices of its alcoholic drinks Carlsberg Stout, Green and Special, the Nyasa Times reported on September 19.
“Carlsberg Malawi would like to inform its valued customers that effective from 18 September, 2017 it will adjust prices of its 330ml Carlsberg beer range,” a statement from the company said
According to the new price structure, imbibers will have to dig deeper into their pockets as Carlsberg Green in a 300 ml bottle is now at K600 from K500.
The company has also raised the deposit for bottles to K50 per bottle from K70 while the deposit for an empty crate is now at K600 from K500.
It is understood the price increase is due to rising cost of raw materials and transport.
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United Arab Emirates: Craft beer being increasingly offered at Dubai’s bars and restaurants
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At Dubai’s Black Tap restaurant, the Americana doesn’t stop at the hamburgers cooking on the grill or hip hop pumping from the speakers. It’s also being poured out, one pint at a time, The West Australian reported on September 19.
The new restaurant stocks Dubai’s most-extensive selection of American craft beer, part of a major $US23.5 billion ($30 billion) market for customers wanting a different style of ale.
It represents a new scene for Dubai, long known as the Manhattan of the Mid East, with chic skyscraper bars serving the fanciest of cocktails while the typical tap offers only the standard lagers.
That’s starting to change, with establishments like Black Tap and Dubai’s two main distributors increasingly stocking American craft beer, breaking new ground among Gulf Arab nations, several of which ban alcohol sales entirely.
“In such an eclectic city, we should have such an eclectic range of beers to accommodate instead of just the same beers that you can get all around the world,” said Eric Ballard, the group beverage manager for Sunset Hospitality, which runs Black Tap.
For wine aficionados, teetotallers or those otherwise unaware, a craft brewery is a small, independent beer producer. After World War II, American beer production largely came
...More info on site
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