|
Newsletter Summary
Last five graphs
Note: All graphs issued with e-malt.com newsletters
are published in "Graph" section
of e-malt.com site.
Last five tables
All e-malt.com tables are published in e-malt.com Statistics section. The Statistics section includes Barley statistics, Malt statistics and Beer statistics. The tables related to barley are published in Barley Statistics section, the tables related to malt in Malt Statistics section and the tables related to beer in Beer Statistics section.
Last five prices evolutions
Access to E-malt.com
Do you know
E-malt.com?
Dear E-malt Reader!
E-malt.com Newsletters Archive could be found directly on
e-malt.com
site. Browsing through our Newsletters Archive you may see all the issues you have missed.
To this purpose you just have to login e-malt.com and click on Newsletters link in the menu.
Reading our Newsletters you will be kept informed with the latest news
and events regarding malting and beer world.
You may also submit your own news, events or other information to the address
info@e-malt.com!
You may find updated malt, barley and beer statistics on e-malt.com
Statistics section.
Just enter e-malt.com!
Here you will find all tables issued with e-malt.com newsletters.
E-malt.com Agenda gives the possibility to keep you informed about the Events
planned to be held in the whole world related to the brewing and malting
industries. To this purpose you just have to login
e-malt.com
and click on Agenda link in the menu. Reading our Event Agenda you will find
out about the future symposia, conferences and festivals related to malting and
beer world. You may also submit your own events to the address
info@e-malt.com
E-malt.com has Trading Online system. The system is to be used for
malt/barley trading. One can register a malt/barley offer or a malt/barley
request. The registering person could be as a seller/buyer or as an agent for
seller/buyer. The User can see information about all active malt/barley offers
& requests. If needed the system allows user to buy/sell malt/barley due to
reasonable offers/requests. The way to do this is to confirm reasonable
transaction. Trading Online rules are available through the Internet in the
Trading Online as well as Tutorial (useful for persons who starts the system
usage). To visit the E-malt Trading Online first go to the E-malt.com site,
then click Trading Online link in the left menu of the e-malt.com home page.
For more details please contact info@e-malt.com
Thank You!
E-malt.com Links!
|
E-Malt.com Newsletter 39a
September 25 - September 27, 2017
Quote of the Week
Fermentation may have been a greater discovery than fire.
David Rains Wallace
|
You are one of the
54,000 professionals of the brewing and malting industries
from
195 countries
receiving our free bi-weekly
E-malt Newsletters
published since 2001. You seem to be pleased by getting them as we have registered something like
3 mln readings.
To keep the high level of this informative reservoir in both brewing and malting industries and in order to continue to improve it we have to request a small contribution for full access to E-malt.com information.
The majority of our readers have responded positively thus giving us the possibility to keep developing this global informative reference.
A one-year membership costs only 181,- Euros and gives you full access to both our Full Bi-weekly Newsletter and website www.e-malt.com.
You can pay by credit/debit card or bank transfer (against invoice). Ordering is simple, use our online secure ordering system: click hereunder to begin - you can have access in just 5 minutes!
CLICK HEREUNDER TO SUBSCRIBE
One-year individual subscription: 181, - Euros
Two-year individual subscription: 320, - Euros
Save money when your colleagues join:
One-year group subscription for 2-5 members: 373, - Euros
One-year group subscription for 6-10 members: 555, - Euros
One-year group subscription for 11-20 members: 737, - Euros
One-year group subscription for 21-50 members: 983, - Euros
One-year group subscription for 51-100 members: 1229, - Euros
For a personal service contact our Membership staff :
Email : info@e-malt.com
Direct line : +32 (0)87 681381;
Fax : +32 (0)87 352234
If calling, please note our office hours are 9am - 5pm (Belgium time)
|
Currency Rates
Base Currency: US Dollar
on September 27, 2017 |
Base Currency: Canadian Dollar
on September 27, 2017 |
| |
1 USD = 0.8465 EUR
1 USD = 0.7430 GBP
1 USD = 1.2370 CAD
1 USD = 1.2646 AUD
1 USD = 111.9200 JPY
1 USD = 3.1612 BRL
1 USD = 57.5186 RUB
1 USD = 6.6296 CNY
|
|
1 CAD = 0.8083 USD
1 CAD = 0.6005 GBP
1 CAD = 0.6842 EUR
1 CAD = 1.0221 AUD
1 CAD = 90.4600 JPY
1 CAD = 2.5551 BRL
1 CAD = 46.5963 RUB
1 CAD = 5.3585 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
USA: Craft beer contribution to the US economy up more than 20% last year
...Click here
|
USA: Hop stocks in the US increase as craft brewing industry growth slows down
...Click here
|
|
USA: Failing to turn around business next year could mean takeover attempt for Boston Beer - analyst
...Click here
|
|
Canada, ON: Nickel Brook Brewing negotiating purchase of land for a new brewery with Niagara Region
...Click here
|
|
Canada, NS: Nova Scotia Spirit Company to open Painted Boat Beer Company in Pictou County next year
...Click here
|
|
Canada, NL: Baccalieu Trail Brewing Company proposing to set up brewery in Bay Roberts
...Click here
|
|
USA, MI: Pigeon Hill Brewing inching closer in its plans of building new brewery in Muskegon
...Click here
|
|
USA, GA: Wild Leap Brew Company now in business in LaGrange
...Click here
|
|
USA, DE: Volunteer Brewing Co. becomes the first brewery in Middletown, DE
...Click here
|
|
USA, CA: Pacific Coast Brewing closing for good in November
...Click here
|
UK: Simpsons Malt reports fall in sales and profits for 2016
...Click here
|
|
Vietnam: Finance ministry department suggests transferring responsibility for privatisation of Sabeco and Habeco
...Click here
|
|
Belgium: Belgian beer output, exports increase in 2016
...Click here
|
EU: Barley production expected to total 58.133 mln tonnes this year - Coceral
...Click here
|
|
Nigeria: AB InBev to increase majority stake in Nigerian units to 75.1%
...Click here
|
|
EU: Barley production forecast at 58.031 mln tonnes this year, spring malting barley supplies seen as insufficient
...Click here
|
|
Russia & Ukraine: Record barley crop expected in Russia, Ukraine’s crop smaller due to reduced plantings this year
...Click here
|
|
Ukraine: Ukraine may increase barley plantings in 2018 - UkrAgroConsult
...Click here
|
|
Greece: Craft brewing sector growing thanks to increasing consumer interest
...Click here
|
|
Rwanda: Bralirwa to start brewing Heineken beer locally
...Click here
|
|
Venezuela: Craft beer business booming despite economic crisis
...Click here
|
|
UK: Kingfisher eyeing launch of an Indian pale ale in the UK
...Click here
|
Graph of the Week
Table of the Week
Brewing Industry in Belgium 1900-2016
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
25 September
1639 - 1st printing press in America
1654 - England & Denmark sign trade agreement
1897 - 1st British bus service opens
1926 - Henry Ford announces 8 hour, 5-day work week
2014 - test event (Have to be edited and replaced with a real event description)
26 September
1404 - Brussels Brabants/Limburgse audit-office established
1680 - Tax revolt in Gorinchem due to tax on cereal
1786 - England & France sign trade agreement
1972 - Norway rejects membership in European Common Market
27 September
1825 - Railroad transportation is born with 1st track (Stockton-Darlington)
1968 - France refuses UK entry into common market
1988 - US Senate votes for major federal tax code changes
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 2017 (Warsaw, Poland)
22-23: Beertopia 2017 (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 2017 (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)
27-29: Olut Expo 2017 (Helsinki, Finland)
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
|
USA: Craft beer contribution to the US economy up more than 20% last year
|
Craft beer’s economic contribution to the United States economy has grown by more than 20% in two years, according to numbers released by the Brewers Association (BA) on September 26.
In announcing the results of its biennial economic impact study, the BA says small and independent American breweries added $67.8 billion to the economy in 2016, a 21.7% increase over 2014. This, despite growth of craft sales and production slowing dramatically over that same period.
“As consumers continue to demand a wide range of high quality, full-flavored beers, small and independent craft brewers are meeting this growing demand with innovative offerings, creating high levels of economic value in the process,” BA Chief Economist Bart Watson said in a statement.
The study covers the total impact of craft-brewed beer as it works its way through the three-tier distribution system, plus food and merchandise sold at brewpubs and brewery taprooms. This production and sales process created more than 456,000 full-time equivalent jobs – a 7.5% increase from 2014 - with breweries and brewpubs directly accounting for more than 128,000 of those jobs.
With $7.3 billion worth of annual output, California leads the nation in economic impact, followed by Pennsylvania ($5.8 billion), Texas ($4.5 billion), New
...More info on site
|
|
USA: Hop stocks in the US increase as craft brewing industry growth slows down
|
Slowing growth in the craft brewing industry has contributed to a greater stockpile of hops in the US, including the Yakima Valley, the Yakima Herald-Republic reported on September 25.
As of Sept. 1, growers, suppliers and brewers had an estimated 98 million pounds of hops, an increase of 15 percent from the same period in 2016, according to figures released late last week from the U.S. Department of Agriculture’s National Agricultural Statistics Service.
And the amount of hops stock kept by growers and suppliers increased — by 30 percent to 64 million pounds — while the amount of hops in stock by brewers decreased by 5 percent.
“A lot of (breweries) purchased hops based on 15 to 18 percent growth, which is what we experienced over the five years prior to last year,” said Steve Carpenter, chief operating officer of YCH Hops, a hop supplier that is owned by local hop growers. “Last year, we had 5 to 6 percent (craft brewery) growth.” Carpenter is referring to 2016 figures from the Brewers Association, a trade association for craft brewers, which the group defines as small (under 6 million barrels of beer or less) and independent brewers that sell beer made with traditional or
...More info on site
|
|
USA: Failing to turn around business next year could mean takeover attempt for Boston Beer - analyst
|
Boston Beer Co.’s comeback bid is anything but certain. And that could be good news for investors, Bloomberg reported on September 26.
If the company fails to turn around its business in the next year, it could mean a buyer comes knocking, an analyst suggested in a report on September 26. The remarks renewed takeover speculation for the maker of Sam Adams, helping send its shares up the most in almost two months.
The brewer has struggled to boost its performance as the craft beer industry gets more crowded. Drinkers now have more than 4,000 craft breweries to choose from, and the Boston-based company is losing market share. Boston Beer also is still searching for its next chief executive officer.
Those struggles could ultimately bring a windfall, Credit Suisse Group AG’s Laurent Grandet said in a note.
“Although founder Jim Koch seems determined to turn the business around, we think the likelihood of a takeout goes higher if Samuel Adams rejuvenation efforts ultimately fail next year,” he said.
The shares gained as much as 5.9 percent to $162 in New York trading, the biggest intraday gain since July 28. The stock had fallen 9.9 percent this year through Monday.
Koch, a craft-brewing
...More info on site
|
|
Canada, ON: Nickel Brook Brewing negotiating purchase of land for a new brewery with Niagara Region
|
The St. Catharines Standard reports that Nickel Brook Brewing is in negotiations with Niagara Region to purchase a parcel of land in St. Catharines to build a new brewery.
According to the report, the brewery has submitted an offer of $1 million for an 11-acre property on Lakeshore Road near Seaway Haulage Road, and plans to invest C$12 to C$16 million to build a 30,000-square-foot brewery, restaurant, and culinary tourist destination, similar to many of the wineries in the area.
The article notes that the offer may be in contravention of a section of the Municipal Act stating that the Region cannot sell municipally owned land below market value, which stands at C$1.4 million for the property under consideration. But an additional bylaw stating that land may be sold at less than market value if there is only one potential buyer may provide a loophole that would allow the sale to Nickel Brook to go forward.
This move by Nickel Brook follows the announcement earlier this summer that it was dissolving its partnership with Collective Arts Brewing, and would be leaving the Arts & Science facility in Hamilton that the two companies have shared since 2015.
|
|
Canada, NS: Nova Scotia Spirit Company to open Painted Boat Beer Company in Pictou County next year
|
The New Glasgow News reports that a successful craft distillery in Nova Scotia’s Pictou County is planning to open a brewery as part of an upcoming expansion.
Nova Scotia Spirit Company will be moving the bulk of its operations from its current facility in Trenton to a new location in nearby Stellarton that is roughly 20 times the size, and company president Alex Rice tells the paper that the expanded facility will include a brewery called the Painted Boat Beer Company, as well as a restaurant.
The brewery is expected to launch in May 2018 with a yet-to-be-named lager, followed by other beers, and the expanded distillery will allow the company to have its spirits available across Canada by the end of 2018.
|
|
Canada, NL: Baccalieu Trail Brewing Company proposing to set up brewery in Bay Roberts
|
Newfoundland and Labrador's craft beer explosion may soon have a foothold in Conception Bay North, The Compass reported on September 25.
Baccalieu Trail Brewing Company, owned by Mark Burry and Julian Kean, is proposing to set up a brewery with five-barrel capacity in Bay Roberts. The town council gave its approval in principle earlier this month, and now the provincial environment department is assessing the proposal.
If the application before government is approved, the brewery would take ownership of 1 Conception Bay Highway in Bay Roberts, a commercial property located near the Shearstown Estuary previously used as a hair salon and tanning studio. The building would be redeveloped to include a taproom for patrons to taste and purchase beer brewed and bottled on site.
While brewing would be a year-round venture, the taproom would only open seasonally from May to October. The site would produce 1,300 barrels per year, equivalent to approximately 152,500 litres.
The project was registered with the Department of Municipal Affairs and Environment Sept. 12. The deadline for public comments on the proposal is Oct. 24, and a decision from the minister is due Oct. 27.
|
|
USA, MI: Pigeon Hill Brewing inching closer in its plans of building new brewery in Muskegon
|
Pigeon Hill Brewing Co. is inching closer to finalizing its plans to build a brand new $1.5 million production facility in downtown Muskegon, MLive.com reported on September 26.
Pigeon Hill was the sole entity to enter a bid to build on a 4.5-acre city owned parking lot located at the corner of Shoreline and Terrace Point drives, said Planning Manager Mike Franzak.
The sale of the property to Pigeon Hill is on the Muskegon City Commission's meeting agenda for Tuesday, Sept. 26.
If approved, some of the work will be completed by the end of 2018.
Commissioners are offering up a portion of the 38,550-square-foot lot - dubbed "Sub Parcel 1" - for $20,000. The sale agreement includes an option to buy another "sub parcel" on the same lot at the corner of Shoreline and Fourth Street for an additional $20,000 if Pigeon Hill needs the space.
Franzak estimated the entire parcel as having a "true cash value" of $56,000.
Pigeon Hill co-owner Michael Brower told MLive on September 25 that he hopes commissioners favor the expansion.
"(We're) hoping for a favorable result and that the city decides along the lines of allowing Pigeon Hill to invest in Downtown Muskegon," Brower said.
"We certainly don't pretend to know
...More info on site
|
|
USA, GA: Wild Leap Brew Company now in business in LaGrange
|
A new local brewery has opened its doors.
Wild Leap Brew Company is now in business in LaGrange, Ga. and had a grand opening Saturday, September 23 according to a report from the city, the Columbus Ledger-Enquirer said.
Wild Leap’s craft beer is served not only in many restaurants and bars in LaGrange, but also in Atlanta and Columbus.
Co-owners Rob Goldstein and Anthony Rodriguez built the brewery in the abandoned West Brook Tire building on Main Street.
The brewery features a tasting room, event space and outdoor patio.
The transformation was done with the support of the city and also the Callaway Foundation.
In the report, Rodriguez says he and Goldstein are “very excited to be part of the growth in downtown LaGrange.”
|
|
USA, DE: Volunteer Brewing Co. becomes the first brewery in Middletown, DE
|
Volunteer Brewing Co. opened its doors during the Peach Festival on Aug. 19, becoming the first brewery in Middletown, the Middletown Transcript reported on September 24.
The business is owned by local resident Kevin Schatz and his wife, Dawn, who also owns Wellbeing on Main, on West Main Street.
Beer is brewed at that location at 120 W. Main St., Middletown, and sold at that location or at special events.
The concept to build a “tiny brewery” was founded on the three principles of serve, local and brew, Kevin Schatz said.
It was a response to the town’s growth and the desire to retain the small-town roots of Middletown by establishing a neighborhood brewery and center point for community involvement, he said.
In addition to serving craft brewed beers, the brewery is committed to serving the Middletown-Odessa-Townsend community, he said.
“Our customers and staff will be focused on volunteer opportunities that will contribute to improving our town and helping to maintain the small community feel that is core to Middletown’s history,” he said.
So, the brewery was named “Volunteer” as a reflection of the organization’s commitment to stay involved in the local community.
“We are local and independent and will support local, independent businesses first. We will brew
...More info on site
|
|
USA, CA: Pacific Coast Brewing closing for good in November
|
Pacific Coast Brewing, Oakland’s 29-year-old craft beer spot, known as much for its signature “whale ales” as it burgers and assorted pub snacks, is closing for good in in early November, the San Francisco Chronicle reported on September 22.
In a statement announcing the news, the Pacific Coast Brewing team blamed the decision on a few familiar industry culprits: lease issues at their Old Oakland spot and a rapidly changing Bay Area restaurant scene.
Craft beer is booming in the East Bay, a landscape Pacific Coast Brewing helped shape almost three decades ago. Unfortunately the trend has moved away from traditional beer/restaurant model and on to beer gardens like Arthur Mac’s in North Oakland near the MacArthur Bart station, a place where foot traffic is high and the menus are small.
Looking back, Pacific Coast Brewing was launched in late 1988 by founders Steve Wolff, Don Gortemiller and Barry Lazarus. And it didn’t take long for it to become a favorite among locals, thanks in part to music acts and the building’s Gold Rush era aesthetics.
“After watching Oakland’s economy take two steps forward and one (or two) steps back, more times than we can remember, it’s gratifying to see our little Old Oakland
...More info on site
|
|
UK: Simpsons Malt reports fall in sales and profits for 2016
|
|
Simpsons Malt has reported a fall in sales and profits for the 2016 year to December as the British maltster shouldered further falls in
...More info on site
|
|
Vietnam: Finance ministry department suggests transferring responsibility for privatisation of Sabeco and Habeco
|
|
A department of Vietnam’s finance ministry on September 27 suggested transferring responsibility for the privatisation of brewers Sabeco and Habeco if the trade ministry
...More info on site
|
|
UK: Cask beer sales down 5% in the past six years
|
|
Overall sales of cask beer have fallen by 5% in the past six years, according to data compiled by the British Beer & Pub
...More info on site
|
|
Belgium: Belgian beer output, exports increase in 2016
|
|
In a difficult economic and social context in 2016, Belgian brewers saw the volume of their beer on the Belgian market fall by over
...More info on site
|
|
EU: Barley production expected to total 58.133 mln tonnes this year - Coceral
|
|
Coceral’s September report pegs the forecast for EU barley production at 58.133 mln tonnes this year vs. 59.698 mln in 2016. Spring barley production
...More info on site
|
|
Nigeria: AB InBev to increase majority stake in Nigerian units to 75.1%
|
|
The world’s largest brewer AB InBev will increase its majority equity stake in its Nigerian main business, International Breweries Plc, to 75.1 per cent.
...More info on site
|
|
EU: Barley production forecast at 58.031 mln tonnes this year, spring malting barley supplies seen as insufficient
|
|
The European Commission’s barley supply & demand balance estimate of August 24 pegs the EU’s barley carry-in stocks at 5.463 mln tonnes in 2017/18
...More info on site
|
|
Russia & Ukraine: Record barley crop expected in Russia, Ukraine’s crop smaller due to reduced plantings this year
|
|
Analysts predict record crops for Russia, 80 mln tonnes of wheat and 20 mln tonnes of barley. Traders reports confirm quantities and good qualities,
...More info on site
|
|
Ukraine: Ukraine may increase barley plantings in 2018 - UkrAgroConsult
|
According to the USDA estimates, the global crop of barley will be below its global consumption for a second season in a row. This trend will lead to a substantial decrease in barley stocks in the world. Global barley inventories are expected to shrink to a 34-year low of 18.6 mln tonnes by the end of MY 2017/18.
This scenario’s feasibility is confirmed by sharply increased demand from key importers at the start of the 2017/18 season.
Thus, in view of tight global supply, the upward trend in barley market prices has been persisting for three months now and they have most likely not reached their ceiling yet. This market picture may result in higher barley margins against the previous season and a consequent increase in Ukrainian barley plantings for the 2018 harvest, UkrAgroConsult notes.
Planting of winter barley has just started in Ukraine, and the longer barley prices stay at such a high level, the more probable this course of events is, the analysts said.
|
|
Greece: Craft brewing sector growing thanks to increasing consumer interest
|
Greeks have been displaying more of a preference for Greek beer lately and are starting to discover the exciting variety of ales produced by microbreweries, Kathimerini reported on September 23.
“There has been an increase in beers from Greek microbreweries due to higher demand from consumers. As a result, more Greek ales can be found on the market these days,” says Sofoklis Panagiotou, vice president of the Hellenic Association of Brewers. “There’s higher demand for flavors from Greece from foreign tourists while Greek consumers are always on the lookout for better beer made in the country and want to help small domestic producers,” he adds.
Currently, there are around 30 to 35 microbrewery companies employing anywhere from five to 15 people. According to the legal definition, a microbrewery is a brewery that produces less than 20 million litres of beer per year. “By Greek standards, that quite a large output. Only one Greek company that’s considered a microbrewery comes close to that level of production. The rest produce much less, anywhere from 300,000 to 1 million litres per year,” says Panagiotou.
Greece’s microbrewing industry has grown markedly in recent years. In 2009 there were six microbrewers in the country. Now that number has
...More info on site
|
|
Rwanda: Bralirwa to start brewing Heineken beer locally
|
Rwanda’s major brewer Braliwa - Brasserie et Limonaderie du Rwanda - is preparing to begin producing Heineken beer brand which is mostly imported, KT Press reported on September 25.
“Heineken beer to be produced in Rubavu-Rwanda very soon and exported to the region,” Jean Pierre Karabaranga, Rwandan Ambassador to Netherlands said on social media.
Braliwa is a subsidiary of the Netherlands based Heineken Group.
Karabaranga said the selection of Bralirwa to brew Heineken was motivated by excellent and attractive doing business climate in Rwanda. It is expected to spur exports and reducing the trade imbalance in the country.
The country’s largest brewing company, Bralirwa was founded in 1957 when it produced its flagship beer brand, Primus. The company later diversified its products by adding on its list Mutzig, Turbo, Amstel, Legend and soft beverages.
With the stiff competition of Skol brewing company, Bralirwa found itself in the discomfort zone where its revenues dropped by 82% and its profit before tax to Rwf 929million in the first half of 2016, down from Rwf 5.1 billion.
The company bounced back with an increase of 20.7% from Rwf 5.8 billion to Rwf 7.0 billion, in the first half of 2017 thanks to strict cost management.
Fred Nyangenzi, Head of Corporate
...More info on site
|
|
Venezuela: Craft beer business booming despite economic crisis
|
With Venezuela’s economic crisis leaving consumers struggling to buy basic staple foods, small Caracas brewery Social Club might seem out of place selling craft beer that costs per bottle what a worker earning the minimum wage makes in two days.
But business is booming, Reuters reported on September 27.
Demand for Social Club’s beer regularly outstrips the 3,000 liters (793 gallons) it produces a month, according to its owners. Most of it is sold on weekends at a beer garden set up in the garage of its small production facility.
Brewers like Social Club are a reminder that despite the widespread social misery caused by the country’s economic crisis, an appetite remains among well-heeled Venezuelans for high-end niche products like craft beer.
At the same time, these small brewers are carving out a market in preparation for an eventual economic rebound.
“Venezuelans continue to be vain creatures who like to be in the vanguard, who like to keep up with what’s in fashion,” said Victor Querales, 32, one of Social Club’s owners, speaking on a Friday afternoon before clients began arriving. “There’s still a premium market that isn’t very sensitive to prices.”
The country now has around 30 craft brewers with commercial operations that supply high-end
...More info on site
|
|
UK: Kingfisher eyeing launch of an Indian pale ale in the UK
|
The European boss of Kingfisher beer is eyeing the launch of an Indian pale ale to complement the growing range of global brews it sells in a bid to appeal to a younger audience, The Telegraph reported on September 25.
Damon Swarbrick said the company’s big challenge had been the decline of popularity of curry - a dish its beer famously accompanies - as the millennial generation turned its back on the 1990s/early 2000s favourite in favour of other global cuisine, including Asian dishes from Vietnam.
The company has responded to this by signing deals to distribute drinks made by other companies such as Indonesian lager Bintang in the UK, as well as China’s Pearl River beer, brewed by Guangzhou Zhujiang Brewery. It will also begin distributing Sri Lanka’s biggest beer brand Lion here next month.
But Mr Swarbrick said his company was aiming to enter the craft market next year.
“Nobody should be able to do an Indian pale ale better than us,” he said. “We are getting our final strategy together and I would have thought by January next year we will have an IPA in the market to complement Kingfisher and our other brands.”
Mr Swarbrick’s comments come as the company
...More info on site
|
|
Register a new user (free of charge).
Top
Top News