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E-Malt.com Newsletter 40b
October 04 - October 07, 2018
Quote of the Week
A champion is someone who gets up when he can't.
Jack Dempsey
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Currency Rates
Base Currency: US Dollar
on October 05, 2018 |
Base Currency: Canadian Dollar
on October 05, 2018 |
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1 USD = 0.8697 EUR
1 USD = 0.7701 GBP
1 USD = 1.2892 CAD
1 USD = 1.4118 AUD
1 USD = 114.1000 JPY
1 USD = 3.8999 BRL
1 USD = 66.4537 RUB
1 USD = 6.8679 CNY
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1 CAD = 0.7755 USD
1 CAD = 0.5972 GBP
1 CAD = 0.6745 EUR
1 CAD = 1.0949 AUD
1 CAD = 88.4900 JPY
1 CAD = 3.0245 BRL
1 CAD = 51.5371 RUB
1 CAD = 5.3263 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Constellation Brands posts upbeat Q2 sales and raises full-year outlook
...Click here
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Canada: Early winter may leave remaining 20% of barley crop unharvested
...Click here
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USA, CA: Creative Creature Brewing to launch in El Cajon on October 5
...Click here
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USA, OH: Bookhouse Brewing to open its doors on October 6
...Click here
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USA, MI: Roak Brewing Co. to acquire Right Brain Brewery in Traverse City
...Click here
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Japan & USA: Japanese craft brewers launch US marketing campaign
...Click here
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UK: Carlsberg outlines plans to combat growth of craft and speciality brewers
...Click here
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EU: Malting barley market prices stabilize at lower levels
...Click here
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Australia: Barley crop potential going down - analysts
...Click here
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Argentina: Analysts reduce barley crop forecast due to worsening weather conditions
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Australia: GrainCorp appoints new President of GrainCorp Malt
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Graph of the Week
Table of the Week
US Hop and Alpha-Acid Production 2016-2017
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
04 October
1910 - 1st public elevator (London's Earl's Court Metro Station)
1957 - USSR launches Sputnik I, 1st artificial Earth satellite
1958 - USSR Luna 3 sent back 1st photos of Moon's far side
1976 - Official launch of the InterCity 125 high speed train
05 October
1887 - Rene Cassin is born, pacifist, Nobel Peace Prize 1968
1902 - Ray Kroc born in Illinois, founder of McDonalds and owner of the San Diego Padres
1991 - The first official version of the Linux kernel, version 0.02, is released
1993 - Daimler-Benz becomes the first German company to be listed on the New York Stock Exchange
06 October
1781 - Benjamin Hanks patents self-winding clock
1889 - Thomas Edison shows his 1st motion picture
07 October
1806 - Carbon paper patented in London by inventor Ralph Wedgewood
1910 - Henry Ford institutes moving assembly line
1930 - 1st infra-red photograph, Rochester, NY
1996 - The Fox News Channel begins broadcasting
Agenda
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)
February 2019:
8-10: Finest Spirits 2019 (Munich, Germany)
8-11: HoReCa 2019 (Athens, Greece)
16-19: Beer Attraction 2019 (Rimini, Italy)
19-21: Beviale Moscow 2019 (Moscow, Russia)
March 2019:
5-7: Expo Antad & Alimentaria Mexico 2019 (Mexico City, Mexico)
13-16: Festival Brasileiro da Cerveja 2019 (Blumenau, Brazil)
15-17: Barcelona Beer Festival 2019 (Barcelona, Spain)
19-21: Beviale Moscow 2019 (Moscow, Russia)
27-29: 10th World Barley, Malt & Beer Conference (Warsaw, Poland)
April 2019:
8-11: Craft Brewers Conference & BrewExpo America 2019 (Denver, Colorado, USA)
More events are available on site e-malt.com
News Articles
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USA: Constellation Brands posts upbeat Q2 sales and raises full-year outlook
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Constellation Brands, the beer maker betting on the marijuana market, raised on October 4 its full-year earnings outlook and posted upbeat second quarter sales driven by strong demand for its Modelo and Corona brews, the Financial Times reported.
The company raised its outlook for adjusted fiscal 2019 earnings to a range of $9.60 to $9.75 a share, up from $9.40 to $9.70 previously. This excludes benefits from its additional $4 bln investment in Canadian marijuana company Canopy Growth in August.
The rosy outlook accompanied upbeat quarterly sales, which jumped 10.1 per cent from a year ago to $2.3 bln. That topped analyst expectations for $2.25 bln, according to a Thomson Reuters survey of analysts.
Beer sales grew 10.5 per cent from a year ago — with the company noting that its business was the biggest share gainer in the US beer industry — while wine sales were up 9.3 per cent.
Net income more than doubled to $1.15 bln, or $5.41 a share, in the three months ended in August, up from $501.6 mln, or $2.30 a share, in the quarter last year. Adjusting for one-time items, earnings of $2.87 a share topped expectations for $2.59 a share.
“The double digit EPS growth we delivered
...More info on site
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Canada: Early winter may leave remaining 20% of barley crop unharvested
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In Canada there is still about 20% of barley on the field, and with the early winter in many Canadian regions these 20% might stay on the fields until next spring time, GrainCom reported on October 5.
About 800,000 tonnes of barley have been sold to China, and it might be difficult to see additional
Canadian sales, the analysts said.
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USA, CA: Creative Creature Brewing to launch in El Cajon on October 5
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It’s been nearly three years since URBN Restaurant Group shuttered the brewing component of its El Cajon brewpub, westcoastersd.com reported on October 3.
The coal-fired, pizza-centric restaurant and bar is still in operation, but the brewery component now belongs to homebrewing entrepreneurs making the jump to the big leagues of beer. Their vehicle for that ascent is called Creative Creature Brewing, and it will soft-open to the public this Friday, October 5.
Small in size by comparison to many local breweries at just 933 square feet, Creative Creature aims to live up to the first half of its name. Its early portfolio of beers features numerous India pale ales, but aside from that, is unlike most in the county.
“We are extremely small and have only three employees,” says co-founder Derek Carnation. “We all do everything from brewing to bartending. Our goal is to make beer that is uniquely different, adapting to new and old styles and constantly discovering new grain combos.”
Carnation and company also constructed all of the tables and seating inside and on Creative Creature’s outdoor patio. They are working with a four-barrel system (a three-barrel upgrade from the single-barrel homebrew rig they graduated from) and have prepared the following
...More info on site
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USA, OH: Bookhouse Brewing to open its doors on October 6
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You can add a few pages to Cleveland brewing history when Bookhouse Brewing marks its grand opening Saturday, Oct. 6, Cleveland.com reported.
That's because Vaughn Stewart and Luke Brevoort are brewing in a 19th century building that used to house Jacob Baehr Brewery on West 25th Street in Ohio City. Stewart and Brevoort have crafted a brewhouse with modern and older design touches, from sleek hardwood floors to black and white tiles and preserved wallpaper. And in keeping with the pages of history, customers will enter and head up a slight slope between walls lined with scores of books.
Through the Western Reserve Historical Society, the owners even found portraits of Jacob and Magdalena Baehr, their framed stoic images on either side of the wall behind the taps. The Baehrs lived above the brewery, and Jacob's death left Magdalena to head the brewing operations while raising eight kids.
"Every time we think we're having a rough day, we think about what she did," Brevoort said.
The respect Stewart and Brevoort have for the history of their space is seen with the many reclaimed pieces in the brewery.
Chairs salvaged from a Russian Orthodox church are believed to have also been used in the Rockefeller Building,
...More info on site
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USA, MI: Roak Brewing Co. to acquire Right Brain Brewery in Traverse City
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In what may be the first deal of its kind for two Michigan craft breweries, Royal Oak-based Roak Brewing Co. plans to acquire Right Brain Brewery in Traverse City within the next few months, the Detroit Free Press reported on October 3.
The breweries' separate brands are to remain intact, no layoffs are planned, and each expects to offer beers from the other at its taproom. There will also be a "cross-pollination" of beers produced in either brewery, and Right Brain beers are likely to be distributed out-of-state for the first time in places where Roak is available, said Roak co-owner and CEO John Leone.
"It is opportunity for both of us to be stronger!" Right Brain owner and founder Russell Springsteen said in a text message.
Pending the deal's approval, Springsteen will have a stake in the ownership that will also be split among Leone and about two other Roak owners, Leone said. He declined to say how much percentage each will own. The deal is expected to be finalized in about 60-90 days.
"The way I see it is, I'm putting together a militia to take on the imperial nation," Leone said. "We all know what's going on: The
...More info on site
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Japan & USA: Japanese craft brewers launch US marketing campaign
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An industry association of 22 Japanese craft beer makers has launched a US marketing campaign as it aims to showcase the “authenticity, richness and unique flavour profile” of its craft beer offer, FoodBev reported on October 4.
The ‘Drink in a New Language’ initiative is being carried out by association Japanese Craft Beer and JFOODO (Japan Food Product Overseas Promotion Center) to target both industry professionals and consumers across the West Coast.
Over the course of the next year, the group hopes to introduce new beer to the market through continuous trade marketing relations, consumer events, PR and social media.
A recent study by JFOODO among 447 craft beer consumers in New York, San Francisco and Los Angeles found that 80% of respondents would want to try craft beer from Japan. The country’s beer offering is said to be positioned to answer a demand for low-malt beer in the US.
“Japanese craft beer boasts unique attributes that are sure to appeal to American consumers,” said Hiroki Oizumi, JFOODO director general.
“Beer lovers will discover quality brews of great character that are handcrafted with extreme attention to detail and unique ingredients from all corners of Japan such as yuzu, sansho (Japanese pepper) or matcha.”
Born in 1994
...More info on site
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Brazil: Number of breweries reaches 835
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The number of breweries in Brazil increased by 23% during the first nine months of this year, the latest data by the Ministry of
...More info on site
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UK: Carlsberg outlines plans to combat growth of craft and speciality brewers
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The UK arm of beer giant Carlsberg has outlined plans to combat the growth of craft and speciality brewers after reporting a second consecutive
...More info on site
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EU: Malting barley market prices stabilize at lower levels
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European malting barley market prices stabilized at lower levels this week, GrainCom reported in their latest newsletter on October 5.
Activity is slowly picking
...More info on site
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Australia: Barley crop potential going down - analysts
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The barley crop size potential in Australia is going down, some analysts are even predicting numbers below 7 mln tonnes, the GrainCom analysts reported
...More info on site
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Argentina: Analysts reduce barley crop forecast due to worsening weather conditions
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In Argentina the weather conditions are turning from very good to just okay as there is a shortage of water in several regions, and
...More info on site
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Australia: GrainCorp appoints new President of GrainCorp Malt
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GrainCorp has appointed a new President of GrainCorp Malt – current Chief Operations Officer Darren Smith, the Finance News Network reported on October 4.
President Greg Friberg will retire at the end of the year after 37 years in agribusiness and 21 years in the malting industry.
GrainCorp Managing Director and CEO Mark Palmquist paid tribute to Mr Friberg saying that under Greg’s leadership GrainCorp Malt has established an excellent position and reputation with brewers and distillers.
Mr Smith’s appointment as President of GrainCorp Malt is effective from 1 January 2019.
Mr Friberg will remain as an advisor through to 31 March 2019.
Shares in GrainCorp are trading 0.86 per cent higher to $8.24.
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