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RombBullet Currency rates
RombBullet Brewers equities
RombBullet Industry news
RombBullet Graph of the week
RombBullet Table of the week
RombBullet Prices evolution
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RombBullet Theoretical malt prices
RombBullet Business history
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E-Malt.com Newsletter 22b
May 30 - June 02, 2019

Quote of the Week

Give my people plenty of beer, good beer and cheap beer, and you will have no revolution among them.
Queen Victoria

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Currency Rates

Base Currency: US Dollar
on May 31, 2019
Base Currency: Canadian Dollar
on May 31, 2019
      1 USD = 0.8980 EUR
1 USD = 0.7923 GBP
1 USD = 1.3503 CAD
1 USD = 1.4449 AUD
1 USD = 109.6500 JPY
1 USD = 3.9720 BRL
1 USD = 65.0116 RUB
1 USD = 6.9038 CNY
      1 CAD = 0.7405 USD
1 CAD = 0.5867 GBP
1 CAD = 0.6650 EUR
1 CAD = 1.0700 AUD
1 CAD = 81.1900 JPY
1 CAD = 2.9412 BRL
1 CAD = 48.1397 RUB
1 CAD = 5.1121 CNY

Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Barley news Canada: CMBTC provides latest update on Canada’s barley plantings ...Click here
Brewery news USA & Mexico: Constellation Brands' stock drops 6% as new tariffs could raise Corona, Modelo import costs ...Click here
Brewery news Canada: Ontario’s Brick Brewing Co. reports higher EBITDA, net revenue in Q1 this year ...Click here
Brewery news USA, NY: Jamestown Brewing Company to open for business on July 12 ...Click here
Brewery news Canada, BC: Wildeye Brewing launches brick-and-mortar location in North Vancouver ...Click here
Brewery news USA, MI: Alebird Taphouse and Brewery celebrates grand opening in Byron Center ...Click here
Brewery news USA, MO: Wind Shift Brewing already open in Blue Springs ...Click here
Brewery news Canada, AB: Wood Buffalo Brewing closes down ...Click here
World News
Brewery news World: Global alcohol consumption declines 1.6% last year ...Click here
Brewery news Thailand: ThaiBev’s beer sales increase 13.3% in fiscal Q2 ...Click here
Brewery news The Czech Republic: Beer exports reach record 5.16 mln hl last year ...Click here
Brewery news Australia: Beer annually contributes A$16.5 bln to Australia’s economy ...Click here
Brewery news Brazil: Heineken to renovate four of its plants in Brazil ...Click here
Brewery news India: Brewer Bira91’s parent company raises $5.58 mln in funding ...Click here
Graph of the Week

Table of the Week

EU Barley Production Forecast

Table of the week.

Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

These Days in Business History

30 May
1872 - Mahlon Loomis patents wireless telegraphy
1928 - John Keith Wright is born, English economist/asst sect of state, 1971-84
1974 - The Airbus A300 passenger aircraft first enters service
1975 - European Space Agency, ESA, forms

31 May
1879 - 1st electric railway opens at Berlin Trades Exposition
1974 - The first money-market mutual fund with checkwriting privileges, Fidelity Daily Income Trust, opens for business
1977 - The Trans-Alaska Pipeline System completed
2000 - Lucent Technologies announces that it is buying Chromatis Networks, an optical networking company, for $4.5 billion

01 June
1812 - The State of New York charters a new institution called City Bank of New York, called today Citigroup
1880 - 1st pay telephone installed
1939 - Stockbrokers are officially designated as "registered representatives"
1980 - Cable News Network (CNN) begins broadcasting
2009 - General Motors files for Chapter 11 bankruptcy. It is the fourth largest United States bankruptcy in history

02 June
1891 - Work on trans-Siberian railway begins
1907 - Taxis 1st began running in New York City
1977 - Trans Alaska oil pipeline completed


May 2019:
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

Barley news Canada: CMBTC provides latest update on Canada’s barley plantings
Canadian Prairies are experiencing above normal temperatures this week with below normal precipitation. Parts of Saskatchewan are seeing temperatures in the high 20°s and low 30°s this week, CMBTC said in its latest update on the nation’s barley crops on May 30. Weather analysts suggest that Western Canada will have below average rainfall this summer, although drought-like conditions are not expected. They are also predicting lower than normal summer temperatures for Saskatchewan and Manitoba. The area of most concern is the region from Edmonton east into the upper section of Saskatchewan, going through North Battleford, Saskatoon, Humboldt, Melfort and Tisdale. One constant throughout the Prairies is that emergence has been slow due to the cooler temperatures that have plagued the west through the month of May.


• Southern region (Foremost, Lethbridge, Strathmore): This area has had good rains in the last week and this has helped advance its crops. The area received between 12.5 mm-25 mm (1/2-1 inch) of precipitation.

• Central region (Airdrie, Olds): Barley seeding is complete in this area. To date the crop is germinating well, however the region will need rain in the next two weeks. Crop conditions at this time are ranked 80%, good to excellent.

• Northeast region ...More info on site

Brewery news USA & Mexico: Constellation Brands' stock drops 6% as new tariffs could raise Corona, Modelo import costs
Shares of Constellation Brands STZ dropped more than 6% in premarket trading on May 31 on the back of President Donald Trump 's threat to slap tariffs on all Mexican imports, Yahoo Finance reported.

The drop put the maker of Mexican beers like Corona and Modelo on track for its biggest one-day loss since Jan. 9, when it fell 12.4%.

On May 30, Trump tweeted the state will impose a 5% tariff on all goods coming from Mexico starting June 10 "until such time as illegal migrants coming through Mexico, and into our Country, STOP."

The White House then said in a statement that levies on Mexican imports would increase up to 25% if immigration issues along the U.S.-Mexico border persisted. Mexico President Andres Manuel Lopez Obrador responded to the threat in a letter to Trump, saying: "Social problems cannot be resolved with taxes or coercive measures."

Tariffs on Mexican goods would dent Constellation Brands' stock and bottom line. According to Morgan Stanley, about 75% of its beer portfolio is "entirely imported" from Mexico. The bank also notes that a 5% tariffs on Mexican goods would shave off nearly 4% from the company's overall bottom line. A 25% levy, meanwhile, would slash Constellation Brands' ...More info on site

Brewery news Canada: Ontario’s Brick Brewing Co. reports higher EBITDA, net revenue in Q1 this year
Brick Brewing Co. Limited, Ontario’s largest Canadian-owned brewery, on May 30 released financial results for the first quarter which ended April 28, 2019.

Brick reported EBITDA of C$1.65 million (+47%) on net revenue of C$12.3 million (up 16%). The adoption of IFRS 16 (leases) enhanced EBITDA by C$0.2 million in the first quarter.

George Croft, Brick President and Chief Executive Officer commented, “Our EBITDA results in the first quarter were strong, delivering both volume and top line growth. I am pleased with the premiumization of our portfolio and the continued success of our co-pack business. Our Waterloo family grew 11%, LandShark® and Margaritaville® brands grew 55%, and co-pack business grew 14% versus prior year. The overall beer category experienced softness driven by an unseasonably cold and wet spring which drove the Ontario industry volume lower by 2.2%. Our Laker family was most impacted by both the industry volume softness and very aggressive pricing on National mainstream brands, declining 10% vs prior year. We have adjusted our Laker business plans to address this trend and early indications are showing positive results with +1% volume growth in the last four weeks.”

“January 2019 saw us break ground on the 65,000 square foot ...More info on site

Brewery news USA, NY: Jamestown Brewing Company to open for business on July 12
The Jamestown Brewing Company in downtown Jamestown will be opening for business on Friday, July 12. The company made the announcement on its Facebook page on May 24.

The brewery was originally planned to be opened in the spring of 2018 but several unforeseen delays in renovation of the property on the southeast corner of W. Third and Washington streets kept pushing the opening date back.

In recent months construction has been slowed by litigation between the developers of the brewery and the property owners and redeveloper GPatti Enterprises. That matter is still playing out in State Supreme Court in Erie County.

According to the Post-Journal, the total project cost for renovating the property and preparing it specifically for Jamestown Brewing was estimated at $3.84 million. Financing for the project included a $1 million in funding from the Downtown Revitalization Initiative Grant the city received in 2017, plus $475,000 state Main Street grant that was awarded through the Regional Economic Development Council program in December 2015. The Jamestown Local Development Corporation has a $180,000 loan attached to the project. The Chautauqua County Industrial Development Agency also offered tax abatements for the property.

Once open the business is expected to employ between 30 and ...More info on site

Brewery news Canada, BC: Wildeye Brewing launches brick-and-mortar location in North Vancouver
A brewery that entered the market just over a year ago with contract-brewed versions of its flagship brands has announced that its bricks-and-mortar location is now open in North Vancouver, the Canadian Beer News reported on May 28.

Wildeye Brewing was founded by “a few friends who work and play on the spectacular North Shore,” with key roles filled by principal founder Samantha Lindeman and brewmaster Michael Friesen.

Open since mid-May, the Wildeye taproom offers a selection of beers including Czech Pilsner (4.8% abv, 30 IBU), Kölsch (5.2% abv, 28 IBU), Pale Ale (5% abv, 32 IBU), IPA (7% abv, 65 IBU), Dark Lager (4.8% abv, 22 IBU), and others.

Wildeye Brewing is located at 1385 Main Street in North Vancouver, and is open from 11:00 AM to 11:00 PM on Sunday to Thursday, and 11:00 AM to 12:00 midnight on Friday and Saturday.

Brewery news USA, MI: Alebird Taphouse and Brewery celebrates grand opening in Byron Center
Alebird Taphouse and Brewery celebrated its grand opening on May 24 in Byron Center, MI, GRMAG reported.

The 9,200-square-foot building at 2619 84th St. SW was formerly Byron Center Hotel.

Alebird purchased the building in November 2016. The brewery addition was submitted to Byron Township for approval in April 2017 and construction on the brewery started in December 2017.

The main floor houses a kitchen, bar and 90-seat dining area. The second floor has also been remodeled and features a banquet room for rental or added dining capacity.

A patio with seating capacity for up to 66 people has been added, overlooking the start of Kent Trails. A 1,200-square-foot addition was also added for the brewery operation.

Alebird’s initial beer offerings include a pale ale, brut IPA, coffee stout and an American IPA. The 24-tap system has a variety of craft beers from other breweries. The full bar also serves cocktails and wine.

Over time, the company plans to expand its beer selection to six to eight beers. Alebird’s brew system is a Psycho Brew dual 2.5-beer-barrel brew system for brewing either a 2.5- or 5-barrel batch.

The food menu offers signature items like a coffee-rubbed steak, bison burger, Michigan craft beef burger and beer-braised chicken, along ...More info on site

Brewery news USA, MO: Wind Shift Brewing already open in Blue Springs
Wind Shift Brewing (3421 NW Jefferson St., Suite B) opened this past weekend in Blue Springs, Missouri, Flatland reported on May 28.

The new brewery from Tony and Lynne DiPlacito is serving an American Pilsner, oatmeal brown, a coconut coffee porter and double IPA. Cinder Block Brewery’s cider is on tap as well. Wind Shift serves half-pours, pours and flights. The intimate taproom also has small cheese plates from the Local Pig.

Brewer Tony DiPlacito is working on a New England-style IPA and an English IPA. Wind Shift is the second brewery in Blue Springs, joining East Forty Brewing Co., which opened in 2018.

Brewery news Canada, AB: Wood Buffalo Brewing closes down
Wood Buffalo Brewing, the Fort McMurray location of Alberta brewpub chain Bear Hill Brewing, has closed down after approximately six-and-a-half years in business, the Canadian Beer News reported on May29.

According to a report in Fort McMurray Today, a number of factors contributed to the closure:

The first major hit to the craft brewery and pub, which opened in 2013, was the global collapse in oil prices that began in late 2014 and worsened the following year. Then there was the May 2016 wildfire.

Both events resulted in thousands of people leaving Fort McMurray, while disposable income became tighter for remaining residents. [Bear Hill CEO Brett Ireland] also admits changes to the menu chased away some regular patrons.

But the biggest hit was a combination of the failed municipal plan to reshape downtown with an arena project, and new housing and commercial developments north of the Athabasca River.

“With the arena not opening up and the movie theatre relocating uptown, it just seems the city is more focused with developing uptown,” said Isaac Van Nie, managing partner of the brewery. “It’s kind of depressing going downtown.”

While the Wood Buffalo brewing facility is no longer in operation, several of its brands including Northern Dark Black Lager ...More info on site

Brewery newsWorld: Global alcohol consumption declines 1.6% last year
Drinkers across the globe consumed a total of 27.6 billion nine-litre cases of alcohol last year – a decline of 1.6%, according to IWSR ...More info on site

Brewery newsThailand: ThaiBev’s beer sales increase 13.3% in fiscal Q2
A slump in liquor sales for Thai Beverage Plc’s (ThaiBev) fiscal second quarter contributed to an 8.6 per cent drop in net profit at ...More info on site

Brewery newsThe Czech Republic: Beer exports reach record 5.16 mln hl last year
Czech breweries exported a record 5.16 million hectolitres of beer last year, an increase of over 11 percent in 2018, the Czech Beer and ...More info on site

Brewery newsAustralia: Beer annually contributes A$16.5 bln to Australia’s economy
Australian beer has been shown to be a huge supplier of local jobs as well as a major economic driver and large revenue raiser ...More info on site

Brewery newsBrazil: Heineken to renovate four of its plants in Brazil
Heineken NV will invest 550 million reais ($139 million) to renovate four of its plants in Brazil, the company said in a statement.

Heineken will ...More info on site

Brewery news India: Brewer Bira91’s parent company raises $5.58 mln in funding
Delhi-based craft beer maker B9 Beverages, the parent company of Bira91, has raised $5.58 mln in fresh funding, Inc42 Media reported on May 30.

According to the Ministry of Corporate Affairs filings accessed by Inc42, the company has raised a pre-Series C funding round from Sixth Sense Ventures as well as debt funding from Anicut Trust. Here’s the breakdown of the round:

November 2018: Issues 90 unrated unlisted unsecured redeemable non convertible debentures at a value of INR 10 Lakh to Grand Anicut Trust 1 for INR 9 Cr ($1.28 Mn)

May 2019: Issued 500K pre-Series C shares at a nominal value of INR 15 with a premium of INR 585 worth INR 30 Cr ($4.29 Mn) to Sixth Sense Ventures

Prior to this round, the company has raised $77 Mn from investors such as Sequoia and Belgium’s Sofina Capital. The filings showed that Bira91 has been valued at $292.57 Mn on May 22, 2019 and looks to be valued at $596 Mn in FY24.

Founded in 2015 by Ankur Jain, Bira91 is a craft beer brand manufactured by B9 Beverages. It is available in multiple flavours and has a presence across Delhi, Mumbai, Goa, Kolkata, Bengaluru, Pune and Chandigarh.

The company has nearly 350 employees. ...More info on site

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