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E-Malt.com Newsletter 21b
May 23 - May 26, 2019
Quote of the Week
Have patience. All things are difficult before they become easy.
Saadi
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Currency Rates
Base Currency: US Dollar
on May 24, 2019 |
Base Currency: Canadian Dollar
on May 24, 2019 |
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1 USD = 0.8963 EUR
1 USD = 0.7905 GBP
1 USD = 1.3465 CAD
1 USD = 1.4528 AUD
1 USD = 109.9300 JPY
1 USD = 4.0408 BRL
1 USD = 64.6220 RUB
1 USD = 6.9123 CNY
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1 CAD = 0.7426 USD
1 CAD = 0.5870 GBP
1 CAD = 0.6656 EUR
1 CAD = 1.0789 AUD
1 CAD = 81.6300 JPY
1 CAD = 3.0006 BRL
1 CAD = 47.9874 RUB
1 CAD = 5.1330 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, VA: Vibrant Shore Brewing getting ready for July launch
...Click here
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USA, TX: Flying Rhino Brewing Company planning opening by next spring or summer
...Click here
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USA, VA: Crazy Rooster Brewing Co. coming to Powhatan County
...Click here
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USA, NY: Ghost Brewing Company eyeing mid-June opening in Bay Shore
...Click here
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USA, MD: Denizens Brewing preparing to open its second location this weekend
...Click here
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USA, WI: One Barrel Brewing Company opens up shop in Egg Harbor
...Click here
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USA, OH: Humble Monk Brewing becomes latest addition to Cincinnati’s brewing scene
...Click here
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USA, CO: Fate Brewing Co. closes its doors after a six-year run
...Click here
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Malaysia: Heineken Malaysia reports 8.3% in Q1 net profit
...Click here
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Australia: Hop Products Australia’s production up 13% this year
...Click here
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Australia: Proportion of Australians drinking alcohol down from 2014
...Click here
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France: Barley, wheat crop rating unchanged from last week
...Click here
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South Africa: Barley production still below national demand
...Click here
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UK & India: UK court hears Diageo USD175 mln claim against Mallya
...Click here
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Graph of the Week
Table of the Week
Austria Brewing Industry 1980-2018
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
23 May
1922 - Walt Disney incorporates his 1st film company Laugh-O-Gram Films
1956 - World Trade Center dedicated in Ferry Building, San Francisco
1995 - Sun Microsystems launches Java, the universal Internet programming language
1995 - The first version of the Java programming language is released
24 May
1688 - The earliest known book on the stock market, Joseph Penso de la Vega's Confusion de Confusiones (Confusion of Confusions), appears
1883 - The Brooklyn Bridge in New York City is opened to traffic after 14 years of construction
1956 - The first Eurovision Song Contest is held in Lugano, Switzerland
1973 - The Stock Exchange of Singapore is founded
1985 - Quantum Computer Services is incorporated in Delaware. In 1991 it changes its name to America Online, Inc.
25 May
1915 - Thomas Edison invents telescribe to record telephone conversations
1953 - Nuclear testing: At the Nevada Test Site, the United States conduct their first and only nuclear artillery test
1954 - IBM announces vacuum tube "electronic" brain that could perform 10 million operations an hour
1960 - 1 millionth Dutch telephone installed
1966 - Explorer program: Explorer 32 launches
26 May
1781 - Bank of North America incorporates in Philadelphia
1896 - Dow Jones begins an index of 12 industrial stocks (closing is 40.94)
1986 - The European Community adopts the European flag
Agenda
May 2019:
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)
24 - 26: 2019 ASBC Meeting (New Orleans, USA)
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)
26 - 31: Copa Cervezas de America 2019 (Valparaiso, Chile)
September 2019:
04 - 08: Mondial de la Biere 2019 (Rio de Janeiro, Brazil)
17 - 19: 10th Iberoamerican VLB Symposium Brewing & Filling Technology 2019 (Guadalajara, Mexico)
21 - 06 October: Oktoberfest 2019 (Munich, Germany)
26 - 27: Sea Brew 2019 (Bangkok, Thailand)
26 - 28: Stockholm Beer & Whisky Festival 2019 (Stockholm, Sweden)
October 2019:
03 - 05: Stockholm Beer & Whisky Festival 2019 (Stockholm, Sweden)
03 - 05: The Great American Beer Festival 2019 (Denver, USA)
November 2019:
12 - 14: Brau Beviale 2019 (Nuremberg, Germany)
27 - 29: Drink Japan 2019 (Makuhari Messe, Japan)
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: CMBTC posts barley crop progress update
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The warm weather has substantially benefitted the seeding progress in the Prairies this past week, CMBTC reported on May 22.
For the most part, farmers were able to seed without any rain or other weather related interruptions. There was an overnight freeze in large parts of the northern Saskatchewan, as well as east-central and southern Alberta this past weekend. Although the impact was somewhat limited, it is still too early to assess the damage but most farmers seem optimistic there was little damage done to their crops. Earlier this week, night-time lows in certain areas of central Alberta registered 0°C, not conducive for plant growth. The area that covers east of Edmonton to Lloydminster and southeast to North Battleford and Regina is 90% seeded as of this week. This area will need rain in the next two weeks as it was moisture deprived last year and it is still dry.
ALBERTA
South (Strathmore, Lethbridge, Foremost): This is the most advanced region of the province, having received some beneficial rains this week which added to the crop potential. This past weekend this region received 30 mm (1 inch +) of rain and there is more in the forecast for later
...More info on site
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USA, VA: Vibrant Shore Brewing getting ready for July launch
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The windows are still covered with paper and construction is happening everywhere, but for Rhett Rebold it doesn’t take much imagination to envision the brewery that soon will be, the Southside Daily reported on May 22.
Rebold, a former CIA worker who served as an image analyst but moved on from the agency after the Cold War ended, is the man behind Vibrant Shore Brewing, which is in the works at 505 18th Street just a few blocks from the Oceanfront in the heart of the city’s creative district.
Rebold is the owner/managing member of the Limited Liability Corporation and will also serve as head brewer. He’s somewhat new to the area having lived in Northern Virginia. Barring snags, he said, the plan is to be open before the end of July.
When scoping out locations for a brewery he was drawn immediately to the ViBe District.
“I think what really drew me is the combination of artists and creative businesses. Plus, it’s really close to my home,” he said, adding that he nearly ended up on Shore Drive in the location that now houses Mermaid Winery.
The building he ended up with formerly housed Marlin Motors and then more recently Red Flag Athletics. He
...More info on site
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USA, TX: Flying Rhino Brewing Company planning opening by next spring or summer
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Ryan DeLaRosa said he first started brewing beer when he got a starter kit from a brewing supply store in the Katy area about five years ago.
Fast forward to present day and the Dickinson native along with his business partner Matt Emmite, an army veteran, plan to open the Flying Rhino Brewing Company on a 2-acre lot by next spring or summer, Chron.com reported on May .
"[I] got together with some friends, made our first batch and kind of fell in love right away," DeLaRosa said. "I have learned a lot since then through studying, talking to a lot of other brewers. ...We've got more learning to do but we are confident we can do it."
On just under two acres, the Flying Rhino Brewing Company will encompass a 2100 square foot indoor tap room, 1500 square foot outdoor patio and a 6000 square foot production room. DeLaRosa said the brewery will be family friendly and the large outdoor area will be used to host games and other events.
There are no plans for a kitchen yet, but DeLaRosa said they plan to offer food trucks on site. Renderings of the space call for a wooden and metal, industrial feel, somewhat similar
...More info on site
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USA, VA: Crazy Rooster Brewing Co. coming to Powhatan County
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Powhatan County is growing ever boozier.
Crazy Rooster Brewing Co., a fledgling brewery, recently signed a lease to open at 1570 Oakbridge Drive, near the Oakbridge Business Park, the RichmondBizSense reported on May 21.
The brewery will occupy 5,000 square feet about a mile west of the Powhatan/Chesterfield County line off State Route 60.
The proprietor of Crazy Rooster, who asked not to be named for now, declined to comment. The brewery’s LLC lists Spotts Fain attorney Brian Chase as registered agent. Chase did not respond to calls for comment.
Brokers Matt Hamilton and Eric Williford, who are now with CBRE but were with Harrison & Bates at the time of the deal, represented the landlord in the brewery’s lease.
The brewery has not yet applied for a brewery license, per Virginia ABC databases. Crazy Rooster does not appear to have a website or any social media channels up yet.
Once open, Crazy Rooster would be the second brewery in Powhatan, joining Fine Creek Brewing Co., which opened in 2017. The county also got a distillery last summer when Three Cross Distillery opened on Old Buckingham Road.
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USA, NY: Ghost Brewing Company eyeing mid-June opening in Bay Shore
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The longtime and well-known brewmaster at BrickHouse Brewery, Paul Komsic, is leaving Patchogue for Bay Shore for the startup Ghost Brewing Company, GreaterBayShore reported on May 19.
He will serve as head brewer at Ghost, which is setting up shop within the massive Great South Brewery on Drexel Drive, where the now-defunct Fire Island Beer was to open.
“I get to have full control and will be focusing on a lot of barrel aged stuff, with an eventual blending program,” Komsic told GreaterBayShore, “as well as lots of Belgian influenced work in the mix of the malty wood beers, and hop-forward beers.
“For the hop side of things I plan on doing a lot of mix fermented IPAs, and Belgian IPAs throughout the hop-forward portfolio.”
Ghost is setting up a 15-barrel brew house and a tasting room.
The ownership team is hoping for a mid-June opening.
“We’re looking forward to sourcing a lot of local ingredients when possible, and creating a long lasting relationship with local farmers moving forward,” Komsic said.
The team also plans to play on the Ghost moniker in naming its beers in the realm of the super natural and other wordly. Think Ghost Witte, Vanishing Point, and Afterlife.
“In general a dark, ethereal, type
...More info on site
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USA, WI: G5 Brewing Company now open in Beloit
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After years of planning and construction, G5 Brewing Company in the Beloit’s Gateway Business District is now open, the Beloit Daily News reported on May 21.
The brewery boasts a 10-barrel brewing system, a network capable of handling 310 gallons of suds every batch and includes a restaurant, outdoor seating and patio area. Offerings include a variety of lagers, pale ales and stouts.
Construction on the new business at 1895 Gateway Blvd, started in the summer of 2017.
Brewhouse Consultant and Nationally Certified Master Beer Judge Keith Symonds was hired to help establish the G5 Brewing brand.
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USA, MD: Denizens Brewing preparing to open its second location this weekend
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Huge block letters on the wall set the tone at Maryland’s second Denizens Brewing Co., which is scheduled to open this weekend inside the growing Riverdale Park Station development between Hyattsville and College Park, Eater reported on May 20.
“We are here to drink beer,” they read, taking a line from Charles Bukowski quote that continues in smaller print on the wall.
There will be plenty to drink at the company’s new production facility and taproom starting Saturday, May 25. The owners say the new site can produce four times as much beer as their original, two-story beer garden that opened in Silver Spring in 2014.
The cavernous, 12,000-square-foot beer hub (4550 Van Buren Street) hopes to cater to young families in Hyattsville and the plethora of thirsty students at the nearby University of Maryland. A to-go fridge at the entrance is stocked with beers and growlers. The Whole Foods that opened across the street two years ago is dry due to county regulations.
“The fact grocery stores can’t sell beer and wine here is annoying to me as a consumer, but as a business owner I am not going to complain,” chief brand officer Julie Verratti says. “You can walk out of Whole
...More info on site
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USA, WI: One Barrel Brewing Company opens up shop in Egg Harbor
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A Madison-based craft brewery has opened up shop in Egg Harbor, WBAY reported on May 21.
One Barrel Brewing Company is the 13th largest craft brewery in Wisconsin. In 2018, the company made about 5,100 barrels of beer and cider.
The Egg Harbor brewery is located at 4633 Market Street. The grand opening in Egg Harbor is Thursday, May 23.
Owner Peter Gentry and his wife moved to Door County to be closer to family.
The mascot for One Barrel Brewing is Pete the Penguin. Pete Gentry says he used the penguin because it was the only thing he knew how to draw.
Gentry is excited to be part of the Door County business family.
"I think we’re unique in that our craft beers are really easy to drink, no one should be scared off by them, you can always find something you like and we’re just fun friendly folks," Gentry says.
One Barrel Brewing opened its first tap room on Madison's East Side in 2012.
"Our hope is that in about a year-and-a-half, we’ll open a larger production facility on the west side of Madison, and then eventually have a total of six locations throughout the state. Two in Madison, and then a couple tourist areas, maybe
...More info on site
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USA, OH: Humble Monk Brewing becomes latest addition to Cincinnati’s brewing scene
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Humble Monk is the latest addition to Cincinnati’s lengthening list of locally owned breweries. Specializing in Belgian-style beers, the Northside taproom — connected to the Bertke Electrical Services & Testing building — pours a mix of traditional Old World recipes with a healthy dose of experimentation, the Cincinnati CityBeat reported on May 20.
When you walk through the taproom’s front door, you’ll face a modest wooden bar. Church pews serve as seating and industrial cable spools have been repurposed into tables. The tall ceiling twinkles with strings of lightbulbs that are reminiscent of a summer evening; festive and welcoming.
“Humble Monk is an everyday celebration. It all morphed from my homebrewing,” says brewmaster Michael Kemp, who claims 37 years of experience. “When I brewed in the garage, I always brewed way more than I could consume. If the garage door was open, that meant my neighbors could come in and pour a beer, take a growler and go home — or hang out. I had a large kegerator in there and it had that block-party feel.”
At present, the beer is brewed off site until Michael, who’s also the resident welder, can finish the necessary work to retrofit food-grade vats previously used
...More info on site
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USA, CO: Fate Brewing Co. closes its doors after a six-year run
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Boulder’s embattled Fate Brewing Co. closes its doors after a six-year run on May 27. According to an email sent to fans by owner Mike Lawinski, the costs of trying to open a brewpub, denied by federal licensing authorities, and “undeserved negative coverage” from the Daily Camera forced the brewery that popularized watermelon kolsch to close, Eater Denver reported on May 21.
Big F Restaurant Group veteran Lawinski opened Fate Brewing in February 2013, taking over the former Jose Muldoon’s Tex-Mex restaurant. The 230-seat brewpub features a two-level patio as well as a full roster of food and beers.
Trouble started for the brewery last October, when Fate Ale House, the brewery’s Lafayette location, was seized by the town for tax issues, according to Westword. The company filed for Chapter 11 bankruptcy protection in November 2018. Fate also bought Avery Brewing’s warehouses in 2015 and planed to convert the space into a brewery and restaurant, but Westword reports “the federal Alcohol and Tobacco Tax and Trade Bureau rejected Fate’s application.”
Then in April, Westword reports that Fate sold the rights to use the trademarked name Fate Brewing for $20,000 to McFate Brewing in Scottsdale, Arizona, a company Fate Brewing sued in 2016 for
...More info on site
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Africa: AB InBev sees further African investment
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Anheuser-Busch InBev NV sees further African investment after spending about $200 million on the continent since the world’s largest brewer bought SABMiller in 2016,
...More info on site
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Chile: Beer sales increase by 6.6% in 2018
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Beer sales in Chile amounted to 9.65 mln hl last year, up 6.6% versus 2017, Euromonitor International reported on May 22.
As compared to 2013,
...More info on site
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Malaysia: Heineken Malaysia reports 8.3% in Q1 net profit
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Heineken Malaysia Bhd announced on May 23 that net profit for its first quarter ended March 31, 2019 (1QFY19) came in at RM52.81 million,
...More info on site
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Australia: Hop Products Australia’s production up 13% this year
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Australia’s largest hop grower, Hop Products Australia (HPA) has completed its 2019 harvest and reported a 13 per cent year on year increase in
...More info on site
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Australia: Proportion of Australians drinking alcohol down from 2014
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In an average four week period, 67.5% of the Australian population aged 18 and over consume at least one type of alcoholic drink. This represents a gradual decline over the last five years from 70.1% recorded in 2014. All major categories of alcoholic drinks showed declines in incidence over this period, apart from cider which increased, Roy Morgan Research reported on May 24.
These are some of the latest findings from Roy Morgan’s ‘Alcohol Consumption Currency Report March 2019’ which is based on in-depth interviews conducted face-to-face with over 50,000 consumers per annum in their homes, including detailed questioning of over 15,000 regarding their alcoholic drinking habits.
Wine is consumed by 42.8% of the Australian population aged 18+ over an average four week period, ahead of beer with 38.2% and spirits on 26.3%. Cider is now consumed by 11.4% which has increased from 11.1% five years ago, making it the only type of alcohol to increase. The incidence of cider drinkers is now ahead of RTD (10.8%), Liqueurs (6.5%) and Fortified Wine (4.9%).
Over the last five years the biggest decline was for wine (down 2.3% points), followed by liqueurs (down 1.2% points), RTD (down 0.9% points). Beer showed a decline of 0.6%
...More info on site
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France: Barley, wheat crop rating unchanged from last week
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Farm office FranceAgriMer estimated in a weekly report on May 24 that 79pc of French soft wheat crops were in good or excellent condition by May 20, unchanged from a week earlier.
That was also the same score as estimated for soft wheat crops at the same stage last year.
FranceAgriMer rated 75pc of French winter barley as good/excellent, also unchanged from the previous week.
The equivalent spring barley rating fell to 88pc from 89pc last week, while the maize rating declined to 83pc from 85pc.
Spring sowing of maize was almost over, with an estimated 97pc of the expected area sown by May 20.
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South Africa: Barley production still below national demand
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The craft beer industry in South Africa has doubled in size over the past five years and there are now more than 220 brands on retail shelves, the Farmer’s Weekly reported on May 24.
Although barley production has been increasing at an average rate of 7%/year, it is still below national demand, necessitating imports of between 60,000 tonnes and 120,000 tonnes a year, depending on domestic supply.
Richard Krige, chairperson of the National Barley Industry Committee, said there was much potential to expand the barley industry in South Africa based on demand from South African Breweries (SAB), Heineken, and craft beer companies.
“Developments in cultivars producing the highly fermentable malt (HFM) made from barley required by the beer industry are also promising.”
He said that in the past, HFM production had been problematic for South African producers, as the correct cultivars were unavailable.
“However, through the South African Barley Breeding Institute, better varieties have been bred to fulfil the demand for HFM. We’ve also increased yield per hectare from 2.7 tonnes to 3.4 tonnes.”
Krige noted that SAB had committed to procure 475,000 tonnes of barley locally, of which 90,000 tonnes would be from the northern production regions and the rest from the Western Cape.
“However, the
...More info on site
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UK & India: UK court hears Diageo USD175 mln claim against Mallya
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The UK High Court on May 24 heard arguments in a case brought by British beverages giant Diageo against Vijay Mallya to recover more than USD175 million it claims is owed to them by the embattled liquor tycoon, the Business Standard reported.
Justice Robin Knowles heard Diageo’s claim that Mallya, his son Sidhartha and two companies associated with the family are liable for repayment of the funds dating back to the company’s acquisition of a controlling stake in Mallya’s United Spirits Limited (USL) around three years ago.
Of the total amount claimed by the London-headquartered drinks firm, USD 40 million is claimed directly from Mallya as the amount paid to him as part of a disengagement agreement and the remaining amount from Sidhartha Mallya and Watson Limited, a company held in a Mallya family trust called the Continental Administration Services Limited (CASL).
“We are suing Dr Mallya for repayment and damages amounting to approximately USD175 million. This is money Dr Mallya and some of his affiliate companies owe Diageo and we have always been clear that we are entitled to exercise our right to recover the sum in full,” said Dominic Redfearn, spokesperson for Diageo, one of the world’s largest distillers behind brands
...More info on site
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