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E-Malt.com Newsletter 39a
September 24 - September 26, 2018
Quote of the Week
Leadership is the capacity to translate vision into reality.
Warren Bennis
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Currency Rates
Base Currency: US Dollar
on September 26, 2018 |
Base Currency: Canadian Dollar
on September 26, 2018 |
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1 USD = 0.8501 EUR
1 USD = 0.7606 GBP
1 USD = 1.2954 CAD
1 USD = 1.3794 AUD
1 USD = 112.8900 JPY
1 USD = 4.0952 BRL
1 USD = 65.7837 RUB
1 USD = 6.8648 CNY
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1 CAD = 0.7719 USD
1 CAD = 0.5871 GBP
1 CAD = 0.6562 EUR
1 CAD = 1.0647 AUD
1 CAD = 87.1300 JPY
1 CAD = 3.1610 BRL
1 CAD = 50.7762 RUB
1 CAD = 5.2987 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Barley exports in July well above June shipments
...Click here
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USA, FL: Beardless Brewhaus preparing for opening in Milton
...Click here
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USA, OR: Two friends launching Asher David Brewing & Cellarworks in Willamette
...Click here
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USA, NC: Devastated by Hurricane Florence, Tidewater Brewing Company delays opening
...Click here
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USA, AZ: SaddleBrooke Ranch opens production brewery north of Tucson
...Click here
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World: Europe taking global leadership in craft beer innovation
...Click here
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World: Hop crop in Europe severely affected by hot and dry summer
...Click here
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India: Per capita alcohol consumption more than doubles from 2005 to 2016
...Click here
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Belgium: AB InBev faces EU antitrust fine in Belgian beer case
...Click here
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Malaysia: Carlsberg, Heineken express varying opinions on implementation of Sales and Service Tax
...Click here
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Graph of the Week
Table of the Week
EU Barley Supply and Disposal
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
24 September
1948 - The Honda Motor Company is founded
1960 - 1st nuclear-powered aircraft carrier launches (USS Enterprise)
1974 - John C. Bogle incorporates the Vanguard Group of Investment Cos. to administer - and to be owned by - the Vanguard family of mutual funds
1990 - Supreme Soviet gives approval to switch to free market
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
Agenda
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)
24-26: 9th Iberoamerican VLB Symposium 2018 (Recife, Brazil)
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
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USA: US hop stocks up 16% from a year ago
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Not counting this fall’s harvest, U.S. hop stocks are at 114 million pounds, up 16 percent from a year ago, the Capital Press reported on September 25.
This is the third September in a row of increases, generally reflective of supply exceeding demand and pressure on dealers and growers.
Production increased 17.2 million pounds, or 20 percent, in 2017 over 2016, and the new report indicates consumption in the past 12 months essentially keeping pace, said Peter Mahony, vice president of supply chain and purchasing for John I. Haas, Inc., Yakima, a leading hops grower, processor and researcher.
“This is a positive sign, in fact better than expected, when considering the general slowdown in the domestic craft brewing sector,” Mahony said.
While it’s concerning to be sitting on 114 million pounds of stock, the rate of increases in stock soon may be stabilizing, particularly if acreage increases are held in check in 2019, he said.
Of the 114 million pounds, 72 million are held by growers and dealers and 42 million by brewers, according to a USDA National Agricultural Statistics Service report issued Sept. 19.
The dealer and grower stock is virtually all stored in Yakima, Mahony said.
The Sept. 1 hop inventory was 98 million pounds
...More info on site
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Canada: Barley exports in July well above June shipments
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Canada’s barley exports in July were 166,786 tonnes - well above June exports of 21,835 tonnes, CMBT reported on September 24.
Total barley exports from Canada in 2017-18 (Aug-Jul) reached 2,020,457 tonnes. The largest destination was China taking a record 1,718,903 tonnes.
Canadian barley exports in 2016-17 were 1,476,823 tonnes.
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USA, FL: Beardless Brewhaus preparing for opening in Milton
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Nick Holmes and Dallas Cook are currently surrounded by dust, construction materials and the daunting task of building a business in Milton.
But soon, the young entrepreneurs hope to be spending a part of their professional lives up to their elbows in water, hops and malt while people mingle, play games and drink craft beer in their new brewery — only the second one in Milton, the Pensacola News Journal reported on September 21.
By late October, they want to open the Beardless Brewhaus at 6820 U.S. 90 in a building that once housed a restaurant called Main Street Cafe and Courtyard Bar. The new brewery will be right across the street from the Brew Angels, a restaurant and brew pub that opened in July 2017.
"Having two breweries is a huge draw because it's more of a destination," said Holmes, 30. "I think it's beneficial because it creates that atmosphere."
Holmes and Cook are considering opening the brewery three days a week — from 4 to 11 p.m. Thursday and Friday and 11 a.m. to midnight Saturday. Sunday hours with beer yoga might come later.
"Beer yoga is a thing," Holmes said.
When Holmes and Cook officially roll up the two, new industrial-sized
...More info on site
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USA, OR: Two friends launching Asher David Brewing & Cellarworks in Willamette
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Two longtime friends with a long history in the Oregon beer scene are joining forces to create a new brewing company, Brewbound reported on September 25.
Jim Parker and David Lederfine, who have a combined 55 years of experience in craft beer and 21 years of friendship, are launching Asher David Brewing & Cellarworks, a new company built, in part, on Lederfine’s previous endeavor, the tenant brewing company Awesome Ales.
“We initially thought we would just rebrand Awesome Ales, but as things began to develop, we realized that this is a completely new beast,” says Parker, who holds the title of Chief Juggling Officer.
“I had tried for five years to get Jim involved with Awesome. But he always had some new job or new project,” Lederfine says.
“The reality is I wasn’t that enamored with the whole Awesome Ales name or concept,” Parker says. “I believed in David and his beers, but thought he should be doing more of what he is passionate about, which is farmhouse and barrel-aged beers. And I knew there was no way to be profitable if you don’t control at least some of your production schedule and have a taproom to sell directly to your customers.”
Where Awesome Ales
...More info on site
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USA, NC: Devastated by Hurricane Florence, Tidewater Brewing Company delays opening
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It’s a project that has been two years in the making that was destroyed in a matter of minutes. Countless man-hours have been poured into building Wilmington’s first co-op brewery and Tidewater Brewing Company was ready to open the week after Hurricane Florence hit — now, it’s going to take a little more time, The Port City Daily reported on September 23.
Co-owner of Tidewater Brewing Company Ethan Hall was at home in Rocky Point when he first got the news that his nearly-complete brewery had lost its roof.
“We’ve been working on this project for about two-and-a-half years … Last Friday, the day when the storm came in we were supposed to have our final inspection on the building so we would have our certificate of occupancy – so our goal was to be open this week. Friday, at 9:30 in the morning one of our owners that had left town was watching The Weather Channel and the storm and sent me a picture of our building – on The Weather Channel – missing the roof,” Hall said.
When the eye of the hurricane hit the area, Hall jumped in his Jeep and took off for Wilmington and his brewery to see
...More info on site
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USA, AZ: SaddleBrooke Ranch opens production brewery north of Tucson
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If you brew it, they will come.
That’s the philosophy behind one active adult community’s decision to open a working brewery on its campus just north of Tucson, Arizona. The nearly 1,000-unit community, SaddleBrooke Ranch, opened a 100-gallon production brewery and hired a brewmaster to run it earlier this year, public radio station KJZZ Phoenix was first to report.
SaddleBrooke is owned by Sun Lakes, Arizona-based active adult real estate company Robson Resort Communities. Currently, Robson has seven communities in Arizona and Texas.
In both the booming active adult market and in senior living more generally, fierce competition is driving new and innovative amenities. But while many senior housing providers serve craft beer in their dining rooms — and at least one even has an in-house homebrewing program for residents — on-site production breweries are far less common if not non-existent, perhaps because of the regulatory hurdles one must scale on that front.
For Robson, however, the paperwork was worth it, if only to make a splash in its local market. Building out the brewery cost roughly $145,000, but the company is already well on its way to getting a return on its investment, according to George Atwell, Robson’s vice president of food and
...More info on site
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World: Europe taking global leadership in craft beer innovation
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Europe is taking a global leadership role in craft beer innovation, according to new research from analysts Mintel, the Morning Advertiser reported on September
...More info on site
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World: Hop crop in Europe severely affected by hot and dry summer
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With hop crop in Europe severely affected by hot and dry summer, yields are below the expected average by 10% in Germany and almost
...More info on site
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India: Per capita alcohol consumption more than doubles from 2005 to 2016
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Per capita alcohol consumption in India has more than doubled from 2005 to 2016, according to a report by the World Health Organisation.
In India, the consumption of alcohol has increased from 2.4 litres in 2005 to 5.7 litres in 2016 with 4.2 litres being consumed by men and 1.5 litre by women, it said.
The total alcohol per capita consumption (15+ years) is expected to increase in half of the WHO regions by 2025 and the highest increase is expected in the South-East Asia Region. An increase of 2.2 litres is expected in India alone which represents a large proportion of the total population in this region, the report highlighted.
However, increases, although smaller, are also expected in Indonesia and Thailand (with the second- and fourth-largest largest populations).
The second-highest increase is projected for the populations of the Western Pacific Region, where the population of China is the largest, with an increase in per capita consumption of 0.9 litres of pure alcohol by 2025.
Total alcohol per capita consumption has increased globally after a relatively stable phase between 2000 and 2005. Since then, total per capita consumption rose from 5.5 litres in 2005 to 6.4 litres in 2010 and was still at the level
...More info on site
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Belgium: AB InBev faces EU antitrust fine in Belgian beer case
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Anheuser-Busch InBev faces an EU antitrust fine for preventing cheaper beer imports into Belgium despite its efforts to settle the investigation, Reuters reported on
...More info on site
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Malaysia: Carlsberg, Heineken express varying opinions on implementation of Sales and Service Tax
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Malaysian beer industry leaders Carlsberg Brewery Malaysia Bhd (Carlsberg) and Heineken Malaysia Bhd (Heineken) have expressed varying opinions about the implementation of the Sales and Service Tax (SST), BeverageDaily.com reported on September 24.
The SST has been re-introduced in Malaysia from September 1, replacing the unpopular Goods and Services Tax (GST).
Carlsberg Malaysia has expressed deep concerns over the new sales tax.
“We expect the implementation of SST to impact consumer spending on beer negatively, especially in on-trade which is exposed to double-taxation from both 10% sales tax on products at a manufacturer level and 6% service tax at the retail level such as restaurants and bars with annual revenue above RM 1.5 million,” said Carlsberg Malaysia managing director Lars Lehmann to FoodNavigator-Asia
“While off-trade sales are no longer subject to 6% GST, our customers may pass on their additional tax and business costs from the implementation of SST.”
"Taking into account the 10% sales tax imposed on our products and a 6% service tax we incurred from taxable services, we have made a 5.5% adjustment on our products’ price to distributors effective 1st September 2018," he added.
Additionally, the rise in prices could potentially increase the consumption of contraband beer, which holds up to
...More info on site
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