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E-Malt.com Newsletter 05a
January 28 - January 30, 2019
Quote of the Week
"History flows forward on rivers of beer."
Unknown
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Currency Rates
Base Currency: US Dollar
on January 30, 2019 |
Base Currency: Canadian Dollar
on January 30, 2019 |
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1 USD = 0.8748 EUR
1 USD = 0.7609 GBP
1 USD = 1.3263 CAD
1 USD = 1.3968 AUD
1 USD = 109.3300 JPY
1 USD = 3.7432 BRL
1 USD = 66.1602 RUB
1 USD = 6.7344 CNY
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1 CAD = 0.7539 USD
1 CAD = 0.5736 GBP
1 CAD = 0.6594 EUR
1 CAD = 1.0530 AUD
1 CAD = 82.4200 JPY
1 CAD = 2.8219 BRL
1 CAD = 49.8755 RUB
1 CAD = 5.0768 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Barley area, production forecast to increase in 2019-20
...Click here
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USA, PA: Western Pennsylvania's craft beer market grows with the flow
...Click here
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Canada, AB: Revival Brewcade to start brewing at own facility soon
...Click here
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Canada, NB: 3Flip Brewing now open in Douglas just outside of Fredericton
...Click here
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Canada, BC: The Savoy Brewery closes down in Nelson
...Click here
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World: AB InBev’s thirst for beer deals has investors feeling queasy
...Click here
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Malaysia: Heineken Malaysia MD expects external environment to remain challenging this year
...Click here
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Vietnam: Sabeco’s 2018 make no mention of amount disputed with tax authorities
...Click here
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Australia and China: Australian barley sector gets another fortnight to defend anti-dumping allegations
...Click here
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India: United Breweries says general elections in peak summer season to affect beer sales
...Click here
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Ghana: Guinness Ghana changs its name to Guinness Ghana Breweries PLC
...Click here
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Graph of the Week
Table of the Week
World Beer Production by Continent 2013 - 2018f
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
28 January
1878 - 1st telephone exchange (New Haven, CT)
1878 - Yale Daily News published, 1st college daily newspaper
1998 - Michelangelo's "Christ & the Woman of Samaria", sold for $7.4 million
29 January
1886 - 1st successful gasoline-driven car patented, Karl Benz, Karlsruhe
1986 - 193.8 million shares traded in NY Stock Exchange
1988 - United Airlines Boeing 747SP, circles world in 36h54m15s
30 January
1922 - World Law Day, 1st celebrated
1951 - Ferdinand Porsche, German car inventor (Porsche), dies at 75
1995 - Belgium's TV channel 2 in Flanders goes on the air
Agenda
February 2019:
08 - 10: Finest Spirits 2019 (Munich, Germany)
08 - 11: HoReCa 2019 (Athens, Greece)
15 - 16: Braukunst Live! 2019 (Munich, Germany)
16 - 19: Beer Attraction 2019 (Rimini, Italy)
19 - 21: Beviale Moscow 2019 (Moscow, Russia)
19 - 23: Great British Beer Festival Winter 2019 (Norwich, UK)
March 2019:
05 - 07: Expo Antad & Alimentaria Mexico 2019 (Mexico City, Mexico)
11 - 13: 105th Brewing and Engineering Congress 2019 (Rust, Germany)
13 - 14: BeerX 2019 (Liverpool, UK)
13 - 16: Festival Brasileiro da Cerveja 2019 (Blumenau, Brazil)
14 - 16: Alltech Craft Brews & Food Fair 2019 (Dublin, Ireland)
15 - 17: Barcelona Beer Festival 2019 (Barcelona, Spain)
27 - 28: Craft Beer Italy 2019 (Milan, Italy)
27 - 29: 10th World Barley, Malt & Beer Conference (Warsaw, Poland)
April 2019:
08 - 11: Craft Brewers Conference & BrewExpo America 2019 (Denver, Colorado, USA)
10 - 12: Drink Technology India 2019 (Bengaluru, India)
26 - 28: Zythos Beer Festival 2019 (Leuven, Belgium)
May 2019:
15 - 17: Craft Beer China 2019 (Shanghai, China)
21 - 24: Beer 2019 (Sochi, Russia)
21 - 26: Latvia Beer Fest 2019 (Riga, Latvia)
22 - 25: Mondial de la Biere 2019 (Montreal, Canada)
23 - 25: Copenhagen Beer Festival 2019 (Copenhagen, Denmark)
28 - 30: Brasil Brau 2019 (Sao Paulo, Brazil)
30 - 01 June: Expo Wine + Beer 2019 (Santiago de Chile, Chile)
June 2019:
02 - 06: The 37th Congress of the European Brewery Convention (Antwerp, Belgium)
03 - 04: The Brewers of Europe Forum 2019 (Antwerp, Belgium)
09 - 11: Brewing Conference 2019 (Bangkok, Thailand)
25 - 26: BevExpo 2019 (Ricoh Arena, Judds Lane, Coventry, United Kingdom)
July 2019:
03 - 04: Craft Drinks India 2019 (Bengaluru, India)
09 - 11: Fdt Africa 2019 (Midrand, South Africa)
August 2019:
02 - 04: The 23rd International Berlin Beer Festival (Berlin, Germany)
06 - 10: The Great British Beer Festival 2019 (London, UK)
07 - 10: VIETFOOD & BEVERAGE - PROPACK 2019 (Ho Chi Minh City, Vietnam)
09 - 10: Beervana 2019 (Wellington, New Zealand)
September 2019:
04 - 08: Mondial de la Biere 2019 (Rio de Janeiro, Brazil)
21 - 06 October: Oktoberfest 2019 (Munich, Germany)
26 - 27: Sea Brew 2019 (Bangkok, Thailand)
October 2019:
03 - 05: The Great American Beer Festival 2019 (Denver, USA)
November 2019:
12 - 14: Brau Beviale 2019 (Nuremberg, Germany)
December 2019:
05 - 07: Drink Technology India 2019 (New Delhi, India)
More events are available on site e-malt.com
News Articles
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Canada: Barley area, production forecast to increase in 2019-20
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For 2018-19, Canadian barley production increased by 6% from 2017-18 to 8.4 million tonnes due to higher harvested area, despite a lower yield, Agriculture and Agri-Food Canada said in their January report.
Production in Western Canada averaged 8.0 mln tonnes, of which 50% was in Alberta, 43% in Saskatchewan, 6% in Manitoba and 1% in British Columbia. Production in Eastern Canada averaged 0.4 mln tonnes of which 41% was in Quebec, 27% in Ontario and 32% in the Maritimes.
Total Canadian supply decreased due to sharply lower carry-in stocks. Total domestic use is forecast to increase on higher feed and industrial use. Exports are forecast to decrease due to lower total supply. Carry-out stocks are forecast to decrease by 20% to 1.0 mln tonnes or near record low levels. The average feed barley price for the crop year is forecast to be about 12% higher than last year.
Similar to feed barley, the quality of the malting barley crop is variable. The extensive summer heat increased the protein content of the crop and lowered the weight of the crop, depending on the date of maturity and area.
The Lethbridge spot feed barley prices to-date have been about 20% higher than last year and
...More info on site
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USA, PA: Western Pennsylvania's craft beer market grows with the flow
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John Titus and Tim Molinari are taking the plunge into the competitive world of craft beer brewing, after toiling for months to open their New Crescent Brewing Co. taproom in a converted storefront in downtown Irwin, the Trib Live reported on January 27.
Although craft brewers dot Route 30 in North Huntingdon and others are planned for Greensburg and Jeannette, the business partners aren’t worried that their brewery will get lost among the crowd when it officially opens Saturday, February 2, after recent “soft openings.”
“I think the demand for craft beer is not satisfied,” said Titus, of North Huntingdon. He’s joined Molinari, of Robinson, in market taste-testing at the region’s brewpubs.
Despite the growing competition for craft beer drinkers, area tavern operators and brewers — veterans and newcomers alike — agree the market for specialized beer is not saturated.
“The craft beer market has taken over a good part of the beer sales from the big guys — Bud, Coors and Miller. The craft beer trend is not going to stop,” said Nathan Long, a bartender at The Headkeeper, a Greensburg tavern that stocks more than 650 varieties of craft beer — locally produced and national and international brands.
The craft beer market is
...More info on site
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Canada, AB: Revival Brewcade to start brewing at own facility soon
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After six months of having its house beers brewed elsewhere under contract, Revival Brewcade will soon be pouring beers brewed onsite, the Canadian Beer News reported on January 28.
Located in Calgary’s Inglewood neighbourhood, the arcade and taproom was opened last July by Jamie Archibald and James Dobbin, and has been serving contract-brewed versions of Archibald’s beers while waiting for a manufacturers license, which arrived last week.
As recently reported by CBC News, even though the contracted brewery is also located in Calgary, the beer had to be shipped to the province’s only alcohol distribution centre in St. Albert and back to Calgary – a 600 km round-trip – before it could be delivered to Revival.
Now, the beer will have a much shorter trip to the bar, just up a flight of stairs from the 4.5 barrel brewing system in the basement.
According to Dobbin, Revival’s first house-brewed beer should be on tap by February 10th.
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Canada, NB: 3Flip Brewing now open in Douglas just outside of Fredericton
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A new brewery with a mission to create “beer for the misfits, outcasts and freaks, aka the innovators, creators and revolutionaries” is now open in the small community of Douglas just outside of Fredericton, New Brunswick, the Canadian Beer News reported on January 28.
3Flip Brewing has been founded by award-winning homebrewer Nick Jones and his partner Alicia Cassidy. Like several other small brewery start-ups in the province in recent years, 3Flip is in a residential area, with Jones brewing on a 120-litre system in the basement of their house.
The official launch for the brewery took place on January 26 at The Joyce Pub in Fredericton, where three 3Flip brands – Anonymous Amber Ale (5.0% abv, 40 IBU), Oat Cold Oatmeal Stout (5.2% abv, 34 IBU), and Pretty Fly for a White IPA (6.5% abv, 70 IBU) – were available on tap.
Distribution of 3Flip beers is currently limited to draught sales at local bars, restaurants, and NB Liquor growler stations, but there are plans to start packaging in bottles later this year, and the couple are also aiming to open a taproom in Fredericton sometime in 2020.
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Canada, BC: The Savoy Brewery closes down in Nelson
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A nanobrewery open since 2016 in Nelson’s Savoy Hotel has unexpectedly closed down, the Canadian Beer News reported on January 29.
The Savoy Brewery was located in the hotel’s Falls Music Lounge restaurant and bar, which has also been shuttered along with the adjoining Farm Fresh Café. The hotel itself remains in operation, as does the onsite Bloom Nightclub.
The Savoy Hotel property was purchased in 2013 by Jimmy Bundschuh, founder of the Shambhala Music Festival, and was renovated and reopened in phases over a five year period, leading up to an official grand re-opening last March.
A statement released on January 28 said that the closure of the brewery and restaurants was primarily due to a “competitive restaurant market” in the area, which made it difficult to “rise above a number of challenges in the industry.”
“I am hugely proud of what my team has achieved and I know that they will go on to do great things,” Bundschuh added. “While I am greatly saddened by the closure of these businesses, I look forward to serving our guests in the hotel and nightclub.”
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World: AB InBev’s thirst for beer deals has investors feeling queasy
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Carlos Brito has such an unquenchable thirst for dealmaking that when he unveiled the £79 bln acquisition of SABMiller in October 2015, few people
...More info on site
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Ukraine: Beer and malt output increase in 2018
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Ukraine’s beer output totalled 18.07 mln hl last year, up 1.3% versus 2017, trade association Ukrpivo reported earlier in January.
The figure does not include
...More info on site
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Malaysia: Heineken Malaysia MD expects external environment to remain challenging this year
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The absence of major events like last year’s World Cup that are often celebrated with rounds of beers and any fresh catalysts to accelerate
...More info on site
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Vietnam: Sabeco’s 2018 make no mention of amount disputed with tax authorities
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While Sabeco is still at loggerheads with the taxman over alleged back taxes of $135.73 million, it has not provisioned for it, VnExpress International reported on January 27.
Its 2018 accounts make no mention of the amount in dispute though the HCMC Tax Department has claimed it owes that in taxes and fines and even tried to seize the money from the company’s bank account.
Vietnam’s largest brewer, Saigon Beer Alcohol Beverage Corporation (Sabeco), claims it has accurately declared and paid taxes based on guidance from the Ministry of Finance and tax authorities.
A month ago the department said it would seize VND3.1 trillion ($135.73 million) from the brewery’s bank account for overdue special consumption tax payable between 2007 and 2015 and penalties for administrative violations. But there was reportedly no money in the account.
Le Duy Minh, deputy head of the tax department, said the account has been temporarily blocked.
"We have asked Sabeco to provide details of other bank accounts, but it has not fulfilled that request."
Sabeco general director Neo Gim Siong Bennett said in a statement on December 30 that Sabeco had not violated any tax regulations.
Thus, the enforcement action by the tax department was a violation of Vietnamese laws since it
...More info on site
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Australia and China: Australian barley sector gets another fortnight to defend anti-dumping allegations
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The Australian barley sector will have another fortnight to put together submissions for the Chinese Ministry of Commerce to defend anti-dumping allegations lodged by
...More info on site
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India: United Breweries says general elections in peak summer season to affect beer sales
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Bengaluru-based United Breweries Ltd (UBL) on January 28 said elections are always disruptive for the liquor sector and expects industry to growth at 6-8 percent, CNBC-TV18 reported.
In an interview to CNBC-TV18, Shekhar Ramamurthy, managing director, said general elections in the peak summer season would be an absolute dampener for UBL and the year 2019 is not likely to start on a happy note.
Ramamurthy said during the elections disruptions occur as breweries are asked to operate in one shift. Also, closure of outlets on voting and counting days and checks on movement of stocks affect the sector, "However, the entire of 2019 is not going to be defined by elections and expect normal growth to come back post-elections."
UBL, the maker of Kingfisher beer, said the company hopes to grow faster than the industry on back of brands, portfolios etc.
Talking on increased excise duty by West Bengal, Ramamurthy said last January the state hiked duties on beer and prices went up by 35 percent and the industry declined by 50 percent and the consumers are not used to higher prices.
"However, West Bengal does not contribute much to the UBL's topline, so the impact on numbers are not much. However, any market that
...More info on site
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Ethiopia: Diageo trying out new Mench beer
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Diageo, one of Ethiopia’s biggest breweries, is trying out a new beer named Mench at selected places on a trial run, The Reporter Ethiopia said on January 26.
The makers of Abo Meta, Guinness and the affordable Azmera draught brands – the latter launched last year – and distributer of liquors, including Smirnoff, Johnnie Walker and Baileys, is starting the new brand as a direct competition to local beers, such as St. George, Habesha and Walia. The beer has a five percent alcohol and is flavoured with fruits and herbs.
Diageo is a noted company within Ethiopia having acquired the brand at a cost of USD225 million and has further invested USD119 million in its factory to help expand its reach and recoup its investment in an Ethiopian society that continues to have the appetite for beer.
The company has launched new products and implemented new technologies, such as starting a QR code system to deter counterfeit products from being sold to consumers. It is said to have put much confidence in its new product and is expected to launch it nationally.
For the past several weeks, it has been quietly trying out the product in various restaurants and pubs, including Kaya and Ellanoce
...More info on site
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Ghana: Guinness Ghana changs its name to Guinness Ghana Breweries PLC
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Guinness Ghana has changed its name to Guinness Ghana Breweries PLC in accordance with the demands of its Amendment Act 835, the Modern Ghana reported on January 28.
The change of name was agreed by all stakeholders after the company held its 46th Annual General Meeting in November 2018.
In a statement signed by the Corporate Relations Director of the company, Gabriel Opoku-Asare, the company explained that its aim is to be the best performing and most trusted beverage company in the country.
Opoku-Asare also assured customers that the change of name will not negatively affect the brand in any way, adding that it is the same great company with only a new name.
“Our ambition to be the best performing, most trusted and respected consumer products company in Ghana is on course, so our cherished stakeholders should remain assured that this is the same great company with a new name.”
The statement thus called on the public not to let the change of the company name negatively affect existing business engagements with them.
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