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E-Malt.com Newsletter 10b
March 08 - March 11, 2018

Quote of the Week

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Currency Rates

Base Currency: US Dollar
on March 09, 2018
Base Currency: Canadian Dollar
on March 09, 2018
      1 USD = 0.8085 EUR
1 USD = 0.7213 GBP
1 USD = 1.2911 CAD
1 USD = 1.2811 AUD
1 USD = 106.1100 JPY
1 USD = 3.2507 BRL
1 USD = 56.8011 RUB
1 USD = 6.3331 CNY
      1 CAD = 0.7744 USD
1 CAD = 0.5586 GBP
1 CAD = 0.6261 EUR
1 CAD = 0.9921 AUD
1 CAD = 82.1700 JPY
1 CAD = 2.5174 BRL
1 CAD = 44.0922 RUB
1 CAD = 4.9045 CNY

Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Brewery news Canada, AB: Big Rock Brewery reports 5% increase in production volume in 2017 ...Click here
Brewery news USA, NY: Eli Fish Brewing Company finally launches in Batavia ...Click here
Brewery news USA, IL: Will County Brewing Company ready to open its doors on Saturday, March 10 ...Click here
Brewery news USA, SC: Steel Hands Brewing anticipated to come online this fall ...Click here
Brewery news USA, WI: Cercis Brewing Company could be launching in Columbus this spring ...Click here
Brewery news USA, ID: Jim Dandy Brewing to become Pocatello’s newest brewery ...Click here
Brewery news USA, WA: Nisqually Valley Brewing already open in Yelm ...Click here
Brewery news USA, WI: New distillery, cidery and brewery to open in Jefferson this year ...Click here
World News
Brewery news China: China Resources Beer in talks to acquire Heineken’s China business - sources ...Click here
Brewery news India: Heineken reportedly approaches Indian authorities about buying United Breweries shares confiscated from Vijay Mallya ...Click here
Barley news World: USDA increases world barley trade forecast for 2017/18 ...Click here
Brewery news Costa Rica: Fifco inaugurates new brewery in Costa Rica ...Click here
Barley news EU: Malting barley markets stable for crop 2018 ...Click here
Brewery news Gabon: Beverages industry reports decline in output in 2017 ...Click here
Brewery news Luxembourg: Brasserie Nationale Bofferding reports stable sales in 2017 ...Click here
Brewery news Belgium & the Netherlands: Belgian Trappist monks upset by Dutch supermarket re-selling their beers without permission ...Click here
Brewery news Singapore: Singapore increasingly embracing craft beer ...Click here
Graph of the Week

Table of the Week

US Beer Sales, Import, and Export 2013 - 2017s

Table of the week.

Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

These Days in Business History

08 March
1706 - Vienna's Wiener Stadtbank established
1927 - Pan American Airlines (World Airways) incorporates
1946 - 1st helicopter licensed for commercial use
1979 - Philips demonstrates the Compact Disc publicly for the first time

09 March
1861 - Confederate currency authorized-$50, $100, $500, $1,000
1959 - 1959 Barbie, the popular girls' doll, debuted, over 800 million sold
1987 - 1987 Chrysler Corp offered to buy American Motors Corp for $1 billion

10 March
1862 - U.S. issues 1st paper money ($5, $10, $20, $50, $100, $500 and $1000)
1982 - President Reagan proclaims economic sanctions against Libya
1995 - Dow-Jones hits record 4035.64
2000 - The Nasdaq Composite stock market index peaks at 5132.52, signaling the beginning of the end of the dot-com boom

11 March
1702 - 1st English daily newspaper "Daily Courant," publishes
1935 - Bank of Canada opens
1986 - 187.27 million shares traded in New York Stock Exchange


March 2018:
05-07: 105th Brewing and Engineering Conference (Munich, Germany)
06-08: Expo Antad & Alimentaria Mexico 2018 (Mexico City, Mexico)
07-10: Festival Brasileiro de Cerveja 2018 (Blumenau, Brazil)
08-10: Alltech Craft Brews & Food Fair 2018 (Dublin, Ireland)
14-15: BeerX 2018 (Sheffield, UK)
16-18: Barcelona Beer Festival 2018 (Barcelona, Spain)
19-22: IBD Asia Pacific Convention 2018 (Wellington, New Zealand)

April 2018:
08-12: International Malting and Brewing Symposium "13th Trends in Brewing" (Ghent, Belgium)
13-14: Helsinki Beer Festival 2018 (Helsinki, Finland)
28-29: Zythos Beer Festival 2018 (Leuven, Belgium)
30-03 May: Craft Brewers Conference & BrewExpo America 2018 (Nashville, USA)

May 2018:
16-18: Craft Beer China 2018 (Shanghai, China)
22-24: Beer 2018 (Sochi, Russia)
23-27: Latvia Beer Fest 2016 (Riga, Latvia)
31-02 June: Copenhagen Beer Festival 2018 (Copenhagen, Denmark)

June 2018:
06-09: Mondial de la Biere 2018 (Montreal, Canada)
07-08: The Brewers of Europe Forum 2018 (Brussels, Belgium)

10-13: ASBC Malt Flavor and Aroma Symposium 2018 (Roseville, MN, USA)
20-22: Sea Brew 2018 (Manila, Philippines)
29-01 July: Mondial de la Biere 2018 (Paris, France)

August 2018:
03-05: The 22nd International Berlin Beer Festival (Berlin, Germany)
07-11: The Great British Beer Festival 2018 (London, UK)
08-11: Vietfood & Beverage 2018 (Ho Chi Minh City, Vietnam)
10-11: Beervana 2018 (Wellington, New Zealand)
12-15: Brewing Summit 2018 (San Diego, USA)

September 2018:
04-06: food & drink technology Africa (fdt Africa) (Johannesburg, South Africa)
12-14: 6th International Symposium for Young Scientists and Technologists in Malting, Brewing and Distilling (Bittburg/Trier, Germany)
20-22: The Great American Beer Festival 2018 (Denver, USA)
22-07 October: Oktoberfest 2018 (Munich, Germany)

October 2018:
23-26: China Brew China Beverage 2018 (Shanghai, China)
24-26: drink technology India 2018 (Mumbai, India)

November 2018:
13-15: Brau Beviale 2018 (Nuremberg, Germany)

More events are available on site e-malt.com

News Articles

Brewery news Canada, AB: Big Rock Brewery reports 5% increase in production volume in 2017
Big Rock Brewery Inc. announced on March 8 its financial results for the three months and year ended December 30, 2017.

"Big Rock grew production volumes by 5% and net revenue by 8% in 2017," said CEO Wayne Arsenault. "Although our annual operating results were negatively impacted by the provincial mark-up and grant structure implemented by the Alberta government late in 2016, our net mark-up rate (mark-up less grant) improved in the fourth quarter due to steps we have taken to optimize our Alberta sales volumes to the current grant structure. We expect this improvement to continue until the semi-annual remeasurement of the Alberta grant rate at the end of July 2018. In Ontario, Big Rock beer products are now available in the Liquor Control Board of Ontario retail stores, The Beer Store outlets and licensed grocery chains, and sales more than doubled with the addition of the Etobicoke brewery in the fall of 2016 and the Liberty Commons at Big Rock Brewery restaurant in early 2017. Sales declined in British Columbia, due to our efforts to improve margins by de-emphasizing value-priced products and ever-increasing competition in that province."

Financial results for the three months ended December 30, 2017, compared to the ...More info on site

Brewery news USA, NY: Eli Fish Brewing Company finally launches in Batavia
Cold, craft beer is finally on tap in Batavia.

The multi-million dollar Main Street renovation for Eli Fish Brewing Company is finished. It’s Genesee County’s first brewery in almost a century, the Spectrum News reported on March 6.

"We are happy with the crowd on the first day," said co-owner and head brewer Jonathon Mager. "We didn't advertise being open today and we have had a good turnout."

Mager is a Batavia native and he says as the seasons change, so will the beer.

"Everything we serve is NYS; brewed, sourced, made," Mager said.

There's 10,000 square feet of dining space, a bar, bocce court and a 7-barrel brewhouse.

"Very impressed, I love it, it's really good. This is different and I like it," said Zach Leffel, a Tennesee resident.

Two of the three kitchens are test kitchens for restaurateurs looking to get into the food industry.

"It is very hispter," said Batavia resident Jessi Alexyn. "I think people enjoy a little bit of a different atmosphere than the regular bars that we have here in Batavia."

"We are hoping that a project of this magnitude really starts opening all the other doors around us and we start bringing back some people to downtown Batavia," Mager said.

Brewery news USA, IL: Will County Brewing Company ready to open its doors on Saturday, March 10
In 1987, R.E.M. rocked the music scene with their hit song "It's the End of the World As We Know It." This weekend, local beer connoisseur Jamie Albert hopes to rock Will County's world when it comes to craft beer, the Patch reported on March 7.

The long-awaited grand opening of the Will County Brewing Company is just about over. At high noon, on Saturday, March 10, Will County Brewing will open its doors to craft-beer lovers from the surrounding Joliet area. Will County Brewing is in Shorewood at 1142 W. Jefferson St. It's in the same business plaza as Savarino's Pizza, near the Walgreens.

On March 7, Patch visited Will County Brewing to give craft beer lovers from around Will County a first-hand glimpse of what to expect starting this weekend when things get real.

"I love the location with Route 52 and 59 being the entrance to Shorewood," Albert told Patch. "We have great neighbors in this strip mall, too."

Even though Will County Brewing has not even opened its doors, the new Shorewood microbrewery already has more than 2,200 followers and 2,180 Likes on Facebook.

"Our social media response has been amazing," Albert remarked.

Will County will be open from noon to ...More info on site

Brewery news USA, SC: Steel Hands Brewing anticipated to come online this fall
The City of Cayce’s newest tagline is Time for Life, but with the efforts that city officials have put into recruiting a brewery over the past few years, it might as well be Time for Beer, the Free Times reported on March 7.

Now, a new brewery is anticipated to come online in fall 2018, and it’s going to be a big one. Steel Hands Brewing, named after the nearby steel mill, will be a 30-barrel brewhouse with a 10-barrel capacity for expansion. With 10,000 square feet of overall space and seating for 150 people in the taproom, this will make Steel Hands the largest brewery in the Midlands, with the next closest one of its size being Savannah River Brewing in Augusta, Georgia.

On tap to handle this large capacity system is Mark Walters, formerly of Abita Brewing in Louisiana, and of River Rat Brewery in Columbia. The Buffalo, New York native has more than 22 years of experience brewing beer.

Steel Hands plans to distribute in kegs and to have a full bottling line onsite.

Co-owners Darryl Frick, Scott Lambert and Brooks Smarr are looking to develop this brewery with the latest brewing technologies to produce a variety of great tasting ...More info on site

Brewery news USA, WI: Cercis Brewing Company could be launching in Columbus this spring
While it’s taken longer than expected, suds could be flowing in Columbus this spring, the Columbus Journal reported on March 9.

Tyler Walker, co-owner of Cercis Brewing Company, updated the Columbus City Council on the brewery’s timeline to open during the March 6 meeting at city hall. The city is working with the brewery on funding through the Revolving Loan Program.

Cercis was planning to open last fall. However, due to licensing and renovation of the nearly 100-year-old building at 140 N. Dickason Blvd., its opening has been delayed. Walker said he understands the community is eagerly anticipating the brewery’s opening and told the council progress is being made every day.

“I would say we’re about seven to maybe 10 days from brewing on site,” Walker said.

While he wouldn’t commit to a firm date, Walker said Cercis plans to open in five or six weeks. Cercis will feature home brews passed down through family recipes.

Walker said Cercis’ ownership team is committed to Columbus and hopes the brewery will turn into a local attraction. The building, constructed in 1920, has the space, charm and appeal to house a brew pub. He envisions Cercis becoming similar to Octopi Brewing in Waunakee. Octopi is a contract ...More info on site

Brewery news USA, ID: Jim Dandy Brewing to become Pocatello’s newest brewery
Situated in the heart of what was once known as the Iron Triangle district in central Pocatello, Jim Dandy Brewing at 225 N. Second Ave. is currently under construction. Co-owners and Pocatello natives Hailee Matkin and Davis Gove, who are engaged to be married, expect to serve their first handcrafted Jim Dandy beers in June, the Idaho State Journal reported on March 8.

“We’re really excited to bring more craft brew to an area that seems to have wanted it for quite some time,” Gove said. “We’ve been really excited to see another brewery come to town and was hoping it would happen before finally deciding that we would be the people to do it.”

Gove and Matkin's bijou brewery on the corner of Lander Street and North Second will boast an eight-month-old seven-barrel system acquired from a brewery in Green Bay, Wisconsin. Capable of producing 500 barrels — or nearly 1,600 gallons — of beer a year, the system will eventually feed 12 unique tap handles at Jim Dandy Brewing.

“We will install 12 taps, but our goal is to start with six beers,” Matkin said. “We want to work our way up and also want to brew a bunch of different ...More info on site

Brewery news USA, WA: Nisqually Valley Brewing already open in Yelm
After a long-anticipated wait, about 200 beer enthusiasts celebrated the opening of Nisqually Valley Brewing, Yelm’s first microbrewery on March 3, the Nisqually Valley News reported.

Yelm High School history teacher Tasha Johnson and her husband, Marine Corps veteran John Johnson, have taken their part-time hobby that originated on a kitchen stove to Yelm Avenue for everyone in the Yelm area to enjoy.

“The support’s been awesome as we’ve been waiting for this to happen,” Tasha said at the grand opening. “Family and friends have been supportive, even complete strangers on Facebook have been super supportive and it’s kept us positive.”

The opening was a welcomed sight to many microbrewery enthusiasts including Yelm Mayor JW Foster.

“We love seeing people taking a chance and living out their dream by starting a business here in Yelm and I hope that you (Tasha and John) can say that it’s been a friendly place to do business, we try really hard,” Foster said. “This is a unique business here in town that we’ve been waiting a long time to welcome.”

The two business owners originally planned to open in early October but were delayed by the state permitting process. The state required an inspection of the brewing equipment ...More info on site

Brewery news USA, WI: New distillery, cidery and brewery to open in Jefferson this year
A portion of the former St. Coletta of Wisconsin campus is set to become a distillery, cidery and brewery with limited production beginning this year, The Daily Jefferson County Union reported.

On Tuesday, March 6, Shannan De Witt, founder of FLEX Consulting, Waterloo, presented the Jefferson Common Council Committee of the Whole with her multi-phased vision for The Ordinary: A Distillery, Cidery and Brewery Destination.

Some components of De Witt’s ultimate plan include the sale of cider, beer and distilling products; an on-site tasting room; event space for private, regional and corporate gatherings; storage for aging product; a restaurant; and private biking, hiking, running and dog trails.

Also, she expects to employ 25 to 50 people within the next three years.

De Witt has been distilling since age 6 and learned how to make wine and brew beer by age 10. She has worked overseas in Scotland and Germany, where she was able to visit Scottish pubs and English public houses, specifically the ordinaries. “Ordinary” is an old term for a pub, public house or tavern.

“I’d always say, ‘Boy, it would be great if I could do something like that here,’” De Witt said. “In Wisconsin, right now, there are a few places that ...More info on site

Brewery newsChina: China Resources Beer in talks to acquire Heineken’s China business - sources
China Resources Beer (Holdings) Co Ltd is in talks to acquire Heineken NV’s China business in a deal that could be worth more than ...More info on site

Brewery newsIndia: Heineken reportedly approaches Indian authorities about buying United Breweries shares confiscated from Vijay Mallya
Heineken could become a majority shareholder in United Breweries after reportedly approaching the Indian authorities about buying the shares confiscated from the company’s former ...More info on site

Barley newsWorld: USDA increases world barley trade forecast for 2017/18
China’s resurgent demand and lower global barley production are driving prices to their highest point in nearly 3 years, USDA said in its monthly ...More info on site

Brewery news Costa Rica: Fifco inaugurates new brewery in Costa Rica
Costa Rica’s Florida Ice and Farm’s (Fifco) on Tuesday, March 6, inaugurated a new beer plant with a capacity to produce up to 74,000 cans of beer per hour, with an investment of US$15 million dollars, Q Costa Rica News reported.

The new facility will allow the national beer company – the Cervecercia de Costa Rica – to increase its production capacity of beer and other alcoholic beverages by 40%.

Ramón Mendiola, CEO of Fifco, explained to La Nacion that the expansion will allow the company to meet national demand and export products to the Central American and United States market.

Mendiola explained that the new state-of-the-art technology plant will allow the company to add 15 new jobs to the existing 6,441 employees.

In addition, the new plant reduces energy and water consumption in line with Fifco’s objectives of being a carbon neutral company.

Among the new equipment, there is a pasteurizer that eliminates microorganisms from beer bottles and preserves the product for longer. Also, water consumption can be lowered by 60% through a temperature control and water recirculation.

Barley newsEU: Malting barley markets stable for crop 2018
The EU malting barley markets have been quite stable on crop 2018, GrainCom reported in their latest Newsletter on March 9.

In France, the ...More info on site

Brewery news Gabon: Beverages industry reports decline in output in 2017
According to figures from Société des brasseries du Gabon (Sobraga) and Sovingab, Gabon’s overall beverages output fell by 6.3% to 2.7 million hectolitres last year against 2.8 million hectolitres in 2016, due to weak demand in local market, Ecofin Agency reported on March 8.

Last year, the country produced 1.6 million hectolitres of beer and 961,024 hectolitres of soft drinks. Wine output was 44,713 hectolitres while that of other products was 44,474 hectolitres. Because of this, the branch’s turnover dropped from CFA167.8 billion in 2016 to CFA152.4 billion in 2017 (-9.1%).

In contrast, mineral water production increased by 17.9% during the same period, standing at 920,782 hectolitres. Likewise, the turnover in this sub-sector was nearly CFA15 billion, up by 1%, thanks to the Akewa products which significantly boosted sales.

Moreover, the interruptions of water supply boosted local demand for mineral water. Also, the number of employees rose to 73 with a payroll of CFA872.5 million, which means an increase by 7.4%.

Brewery news Luxembourg: Brasserie Nationale Bofferding reports stable sales in 2017
Brasserie Nationale Bofferding S.A., the brewery behind Bofferding and Battin brands, saw sales stabilise in 2017, amounting at 150,000 hectolitres and recording €4 mln in Ebitda, Delano.lu reported on March 8.

Publishing its annual results on March 7, the company retained its place as the country’s biggest brewer for volume.

Its production volume was bigger than that of Diekirch and Mousel and Simon combined. The brewery reported that its Battin range has gone from strength to strength, selling 41,400 hectolitres. The momentum of this brand is expected to continue with the addition of a Battin Brune at the end of February.

There were positive results for its Munhowen subsidiary, which manages sales and administration. Excluding the brewery’s own products, it sold 251,400 hectolitres of drinks, an increase of 29,340 hectolitres. Turnover rose 8.7% to reach €74.4 mln (up from €68.4 mln in 2016) while Ebitda rose 9% (from €5.69 mln) to reach €6.2 mln.

The brewery report observes that the beer market in Luxembourg’s catering sector declined 2%, echoing the situation across Europe. “This fall is compensated by an increase in demand for non-beer products,” the report said.

In 2017, the Brasserie Nationale installed photovoltaic panels, improved insulation and introduced new drying techniques, enabling it ...More info on site

Brewery news Belgium & the Netherlands: Belgian Trappist monks upset by Dutch supermarket re-selling their beers without permission
The monks of a Trappist monastery in Belgium are reportedly very upset that a Dutch supermarket is re-selling its beers without permission and for a huge mark-up, The Drinks Business reported on March 9.

The abbey of Saint-Sixtus in Westvleteren is one of the Low Countries’ renowned Trappist brewing communities and its beer is not only highly sought-after but also tricky to get hold of.

The beer is only sold at the abbey’s shop and a local café and all orders from the shop must be reserved in advance and then picked up in person. The monks even take note of the registration number of the car that will be used to pick up the beer and once a reservation has been made then the same telephone and registration number cannot be used again to place an order for 60 days.

In addition, all beer purchased must be for personal consumption and consumers must agree not to sell the beer on to third parties. In 2011, at a time when it needed funds to renovate its buildings, the abbey did grant permission to a retailer to sell its beer commercially, Belgian wholesaler Colruyt, and then in 2012 Dutch wholesaler Sligro, for the price ...More info on site

Brewery news Singapore: Singapore increasingly embracing craft beer
After trying a craft beer during a scuba diving trip in Bali, Mr Francis Khoo of Singapore fell in love.

In 2015, he opened microbrewery Little Island Brewing Co in Changi Village, offering about 15 craft beers brewed on site, The New Paper reported on March 8.

"What I like about craft beers is that they have a hoppier flavour and more body than mass-produced beers," he said.

The number of licensed microbreweries in Singapore has risen, from 12 in 2013 to 21 last year.

There is growing interest from Singaporeans, with businesses telling The New Paper they have seen more customers over the years.

Craft Brew Asia, an interest group that holds tasting events and brewing classes, has about 200 members now. When it started in 2004, it had only "a handful".

For Mr Khoo, 50, good ingredients and quality set such beers apart from those produced by mainstream brands.

He said: "For craft beer, we import and use a lot of ingredients like barley, wheat and different varieties of hops from countries like the UK, which is expensive. Some mass-produced beers and lagers may add rice instead of barley as a cheap substitute to get fermentable sugar."

Mr Kevin May, 31, general manager of Neptune Marine ...More info on site

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