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E-Malt.com Newsletter 44a
October 29 - October 31, 2018
Quote of the Week
A glass of bitter or pale ale, taken with the principal meal of the day, does more good and less harm than any medicine the physician can prescribe.
Dr. S. Carpenter, England, 1750
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Currency Rates
Base Currency: US Dollar
on October 31, 2018 |
Base Currency: Canadian Dollar
on October 31, 2018 |
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1 USD = 0.8800 EUR
1 USD = 0.7839 GBP
1 USD = 1.3120 CAD
1 USD = 1.4093 AUD
1 USD = 112.8000 JPY
1 USD = 3.7105 BRL
1 USD = 65.6673 RUB
1 USD = 6.9629 CNY
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1 CAD = 0.7621 USD
1 CAD = 0.5974 GBP
1 CAD = 0.6706 EUR
1 CAD = 1.0740 AUD
1 CAD = 85.9600 JPY
1 CAD = 2.8277 BRL
1 CAD = 50.0434 RUB
1 CAD = 5.3063 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Brewers Association alters official craft brewer definition
...Click here
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USA, NY: Talking Cursive Brewing Co to launch early next year in Syracuse
...Click here
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USA, TX: Central Machine Works Brewery and Beer Hall coming to Govalle in spring of 2019
...Click here
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USA, CT: Charter Oak Brewing fully relocated to new facility in Danbury
...Click here
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USA, MA: Backlash Beer Company opening its first taproom
...Click here
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China: Tsingtao Brewery posts 10.6% rise in Q3 net profit
...Click here
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Australia: Malting barley stocks and pricing under pressure due to weather issues
...Click here
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The Philippines: San Miguel Food and Beverage allocates P41 bln for expansion of food and beer businesses
...Click here
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Malaysia: Heineken Malaysia’s net profit boosted by higher volume sales in Q3
...Click here
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Australia: Barley production forecast to reach just 6.9 mln tonnes
...Click here
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Nigeria: Guinness Nigeria’s profit before tax increases to N1.2 bln
...Click here
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South Korea: Hite Jinro aims to become global liquor company by 2024
...Click here
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Nigeria: International Breweries building sales revenue from expanding market share
...Click here
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Graph of the Week
Table of the Week
Russia Unroasted Malt Exports and Imports
Barley Prices
Theoretical Malt Prices
These Days in Business History
29 October
1929 - The New York Stock Exchange crashes in what will be called the Crash of '29 or "Black Tuesday", ending the Great Bull Market of the 1920s and beginning the Great Depression
1947 - Belgium, Luxembourg and Netherland form Benelux Union
1952 - Sweden begins experimental TV
2008 - Delta Air Lines merges with Northwest Airlines, creating the world's largest airline and reducing the number of US legacy carriers to five
30 October
1894 - Daniel Cooper patents time clock
1987 - August A Busch III becomes CEO of St Louis Cards
1989 - Mitsubishi Estate Co. agrees to pay $846 million for 51% of Rockefeller Center in New York City; by 1996, the Mitsubishi affiliate is so financially troubled that it sells Rockefeller Center for less than $400 million
31 October
1904 - King Camp Gillette patents the safety blade and razor
1938 - Robert Edward was born, he started CNN (amid almost universal predictions of failure) in 1980
1952 - TV broadcasting begins in Belgium
2011 - The global population of humans reaches seven billion. This day is now recognized by the United Nations as Seven Billion Day
Agenda
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: Brewers Association alters official craft brewer definition
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The Brewers Association board of directors on October 30 informed members of proposed changes to its bylaws that would significantly alter the trade organization’s official craft brewer definition, and create a new voting member class, Brewbound has learned.
The board also intends to form a political action committee that is aimed at more aggressively lobbying for permanent federal excise tax cuts that currently save craft brewers upwards of $80 million annually.
In an email to BA members, Left Hand Brewing founder Eric Wallace, who also serves as the chair of the BA board, said the organization is considering dropping the “traditional” requirement from the group’s three-pronged definition.
According to the BA’s current definition, which has changed three times since 2007, a craft brewer must be small (less than 6 million barrels), independent (less than 25 percent owned by a non-craft brewer), and traditional (a majority of its total volume must be derived from traditional or innovative brewing ingredients).
It’s the last pillar, traditional, that is under review, in part because an increasing number of craft brewers are already experimenting with non-traditional beer offerings such as flavored malt beverages and hard seltzers. A growing number of BA members have also expressed interest in creating beverages
...More info on site
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USA, NY: Talking Cursive Brewing Co to launch early next year in Syracuse
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It's got a slightly off-kilter name, plans for some out-of-the-ordinary beers and what appears to be a pretty good location.
When it opens early next year, Talking Cursive Brewing Co. will become at least the 11th beer-making business operating within the city limits of Syracuse. (That's if a different one doesn't open sooner), syracuse.com reported on October 29.
It will bring the total number of breweries in Onondaga County to more than 20.
The brewery and tap room will take a space in the Creekwalk Commons, at 301 Erie Blvd. W. That's next to a Cafe Kubal location and across the street from the iconic National Grid (Niagara Mohawk) building.
Co-owner and brewer Andrew Brooks is hoping to open in early February, in time for the annual Syracuse Winterfest downtown. The exact date is still uncertain.
Brooks, of Manlius, will operate Talking Cursive with his wife, Patricia, and business partner, Susan Kimmell of Constantia.
It will start with 15 taps - serving both its own and "guest" beers, plus other New York craft beverages. There will also be a small kitchen serving a limited food menu - baked potatoes, ale-braised hot dogs, charcuterie plates etc.
The brewhouse will be capable of making 7-barrel batches - that's about
...More info on site
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USA, TX: Central Machine Works Brewery and Beer Hall coming to Govalle in spring of 2019
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Govalle is getting a new brewery with the arrival of Central Machine Works Brewery and Beer Hall. The brewery takes its name from the industrial space’s former tenant, the Central Machine Works shop, found at 4824 East Cesar Chavez Street. The brewery is looking to open in spring of 2019, the Eater reported on October 29.
Central Machine promises “beers for the working man and woman,” which means a range of beers from American lagers, ales, and IPAs, as well as some international styles like kolsch, pilsners and English brown ales. There will also be seasonal beers and guest taps. The beers will be available on-site and for limited distribution, and the taproom will also have a full bar.
Central Machine’s historic space, which dates back to the 1940s when the workshop welded everything from airplane parts during World War II to custom fabrications to local businesses, will feature a beer garden with family-friendly areas, food trucks, and a stage for live music.
The brewery came about after a group of Austinites (who didn’t want to reveal their names) fell in love with the space. The brewery project has been in the works since 2016, according to an article by Tribeza, which lists
...More info on site
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USA, CT: Charter Oak Brewing fully relocated to new facility in Danbury
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Charter Oak Brewing has fully relocated into their new address in historic Danbury, Connecticut and have both their commercial 20 barrel system and pilot 5 barrel brewhouses operating for over 10,000 barrels of capacity, Brewbound reported on October 28.
Scott Vallely, owner and brewmaster, made the transition from bottling beer to investing in a high speed canning line for all their releases. The brewery continues to market 1687 Brown Ale, Royal Charter Pale Ale and the popular Wadsworth IPA in 12oz 6 packs cans and are also packaging limited releases in 16oz 4packs.
Charter Oak’s taproom is now open with 10 rotating draft lines and open Thursday through Sunday. Since opening, the brewery has launched 20 new beers.
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USA, MA: Backlash Beer Company opening its first taproom
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At seven years old, Backlash Beer Company is, remarkably, one of the OG’s of the Massachusetts brewing industry, the Boston Globe reported on October 29.
Backlash burst onto the scene at the same time as breweries like Night Shift, Mystic, and Pretty Things, back when just the idea of craft beer played as novel and shelf space seemed unlimited. Some breweries (like Pretty Things) have closed since, but many more have opened, bringing the nationwide total to more than 6,000 at the end of last year, according to the Brewers Association.
The revolution has come, and there are now nearly as many breweries in Massachusetts as there are state representatives on Beacon Hill, which is why the latest news from Backlash — that the brewery is opening its first taproom, in Boston proper no less — is so significant.
“There’s been such explosion in the number of breweries and also in the way that the consumer’s palate has changed,” says Backlash cofounder Helder Pimentel. “Us being seven years old almost makes us one of the grandfathers of this industry in Massachusetts because so much has happened.”
Housed in an old piano factory in Roxbury, the new Backlash space allows the company to do things
...More info on site
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China: Tsingtao Brewery posts 10.6% rise in Q3 net profit
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China’s second largest beer maker Tsingtao Brewery Co Ltd on October 26 posted a 10.6 percent rise in net profit for the third quarter
...More info on site
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Australia: Malting barley stocks and pricing under pressure due to weather issues
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As drought continues to batter Australia’s east coast, a heatwave hammers much of Europe and freezing temperatures hit Western Australia, malting barley stocks and
...More info on site
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The Philippines: San Miguel Food and Beverage allocates P41 bln for expansion of food and beer businesses
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San Miguel Food and Beverage Inc. (SMFB) said it is allocating P41 billion for the expansion of its food and beer businesses over the
...More info on site
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Malaysia: Heineken Malaysia’s net profit boosted by higher volume sales in Q3
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Higher volume sales ahead of the reintroduction of the Sales and Services Tax (SST) boosted Heineken Malaysia Bhd’s net profit by a fifth to
...More info on site
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Australia: Barley production forecast to reach just 6.9 mln tonnes
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Australia’s barley production is now forecast to reach just 6.9 mln tonnes, 17% down on the previous estimate, according to the latest forecast by
...More info on site
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Nigeria: Guinness Nigeria’s profit before tax increases to N1.2 bln
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Guinness Nigeria, a leading beverage and alcohol Company in Nigeria and a subsidiary of Diageo Plc, announced on October 26 its unaudited results for
...More info on site
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South Korea: Hite Jinro aims to become global liquor company by 2024
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South Korea’s leading liquor maker Hite Jinro said it aims to become a global liquor company by 2024, the year the company celebrates its
...More info on site
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Nigeria: International Breweries building sales revenue from expanding market share
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International Breweries is building sales revenue from expanding market share but the revenue gains aren’t reaching the bottom line. The Ilesha-based company has been
...More info on site
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UK: Duty on beer frozen in 2018 Autumn Budget
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Duty on beer, cider and spirits has been frozen by Chancellor of the Exchequer Philip Hammond in his 2018 Autumn Budget in Parliament on October, 29, the Morning Advertiser reported.
However, Hammond said that wine duty would rise in line with inflation, meaning the price of a bottle of sparkling wine will increase by 9p and still variants by 7p, and ‘white ciders’ would also be taxed at a higher rate.
Announcing the freeze on beer, cider and spirits, Hammond said: “I have received numerous representations from my honourable and right honourable friends on one particular subject and in response I will be freezing beer and cider duty for the next year, keeping the cost of beer down for patrons of the great British pub.
“And in response to the conservative lobbying of my Scottish colleagues I will also freeze duty on spirits so that we can all afford to raise a wee dram to my colleague Ruth Davidson on the arrival of baby Finn.
“[This will mean, there will be a] saving [of] 2p on a pint of beer, 1p on a pint of cider and 30p on a bottle of Scotch or gin compared to the inflation assumption in the Office
...More info on site
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