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E-Malt.com Newsletter 27b
July 04 - July 07, 2019

Quote of the Week

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Ralph Waldo Emerson

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Currency Rates

Base Currency: US Dollar
on July 05, 2019
Base Currency: Canadian Dollar
on July 05, 2019
      1 USD = 0.8861 EUR
1 USD = 0.7948 GBP
1 USD = 1.3061 CAD
1 USD = 1.4231 AUD
1 USD = 107.7800 JPY
1 USD = 3.8109 BRL
1 USD = 63.3750 RUB
1 USD = 6.8710 CNY
      1 CAD = 0.7655 USD
1 CAD = 0.6084 GBP
1 CAD = 0.6783 EUR
1 CAD = 1.0893 AUD
1 CAD = 82.5100 JPY
1 CAD = 2.9172 BRL
1 CAD = 48.5128 RUB
1 CAD = 5.2597 CNY

Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Brewery news USA: Beer sales in dollars up midway through 2019 ...Click here
Barley news Canada: Barley prices buoyed by weather threat both locally and abroad ...Click here
Brewery news USA, MA: Wachusett Brewing Company adding a 3rd brewing facility in Cambridge ...Click here
Brewery news USA, WI: Hop Haus Brewing Co. opening second location in Fitchburg ...Click here
Brewery news USA, IL: Vice District Brewing Company hoping to open before the end of the year ...Click here
Brewery news USA, AR: Boston Mountain Brewing holds grand opening in Fayetteville ...Click here
Brewery news USA, KS: Lost Evenings Brewing Company to become Lenexa’s first microbrewery ...Click here
Brewery news Canada, ON: Big Rig Brewery to open new location at Ottawa Macdonald-Cartier International Airport ...Click here
Brewery news USA, TX: Celis Brewery files for bankruptcy ...Click here
World News
Brewery news Hong Kong: Budweiser APAC won’t rely on M&A to grow after IPO ...Click here
Barley news France: Winter barley production expected 3.5% below the average of the past five years ...Click here
Brewery news India: AB InBev sets aside USD55 mln for tax liabilities ...Click here
Hops news Hungary: Heineken backs hop growing in Hungary ...Click here
Brewery news South Korea: Liquor companies brewing trying to expand overseas ...Click here
Brewery news UK: Heineken planning sale of 150 pubs across the UK ...Click here
Graph of the Week

Table of the Week

Germany Hop Area 2017-2019s

Table of the week.

Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

These Days in Business History

04 July
1776 - The U.S. declared independence from Great Britain
1876 - 1st public exhibition of electric light in SF
1884 - The Statue of Liberty was presented to the United States in Paris
1886 - 1st scheduled transcontinental passenger train reaches Pt Moody, BC
1952 - Canadain Currency, Mint and Exchange Fund Act allows gold coins of $5, $10, and $20 to be minted
1997 - NASA's Pathfinder space probe lands on the surface of Mars

05 July
1643 - 1st recorded tornado in U.S. (Essex County, Massachusetts)
1841 - Thomas Cook opens 1st travel agency
1922 - 1st general election in Netherlands
1948 - The British government adopts the National Health Service Act
1954 - The BBC broadcasts its first television news bulletin

06 July
1785 - Congress resolves US currency named "dollar" and adopts decimal coinage
1885 - Louis Pasteur successfully tests an anti-rabies vaccine
1886 - Horlick's of Wisconsin offers 1st malted milk to public
1907 - Opening of Brooklands, in England - the world's first purpose-built motor racing circuit
1928 - In New York, the screening of the first film to include sound - 'The Lights of New York'

07 July
1550 - Chocolate introduced
1802 - 1st comic book "The Wasp," is published
1814 - The world's first authentic historical novel, 'Waverley' by Sir Walter Scott, is published
1891 - Travelers cheque patented
1929 - In Italy, the Vatican in the centre of Rome becomes a sovereign state
1954 - Elvis Presley makes his radio debut


July 2019:
03 - 04: Craft Drinks India 2019 (Bengaluru, India)
09 - 11: Fdt Africa 2019 (Midrand, South Africa)
29 - 02 August: 57th Congress of the International Hop Growers' Convention (Ljubljana, Zalec - Savinja Valley, Slovenia)

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

Brewery news USA: Beer sales in dollars up midway through 2019
A majority of Americans say beer is their alcoholic beverage of choice during the July 4 holiday, according to a survey commissioned by national trade group the Beer Institute (BI).

The poll — conducted by Quadrant Strategies between June 21-25 — asked 1,000 legal-drinking-age adults which alcoholic beverage they’d be consuming or serving during Independence Day. Beer was the answer for 75 percent of the respondents.

That’s good news for breweries as an important summer selling season gets underway, and as the beer category continues to lose so-called “share of throat” to wine and spirits and works to stem ongoing volume declines. Through the first four months of the year, U.S. beer companies have shipped nearly 439,000 fewer barrels of beer compared to 2018, according to the BI, citing unofficial estimates of domestic tax paid shipments by the Alcohol and Tobacco Tax and Trade Bureau (TTB).

The Fourth of July holiday, along with Labor Day, are typically the two largest beer selling occasions each year. In 2018, the July 4 holiday week accounted for nearly 3 percent of beer dollar sales — with nearly $800 million in sales — making it the largest beer selling week of the year, according to market research ...More info on site

Barley news Canada: Barley prices buoyed by weather threat both locally and abroad
Canadian feed barley prices are being buoyed by a triple threat of weather circumstances both locally and abroad, the Western Producer reported on July 5.

Three years of dry growing conditions in Australia have tightened global feed barley supplies to the point that domestic Canadian prices have increased. Current feed barley bids are topping out at C$6.25 per bushel in Alberta, according to Prairie Ag Hotwire data.

“When you look at the entire world for barley exports, the only appreciable increase in production has been in Canada and Kazakhstan,” explained Geoff Backman, manager of Business Development and Markets for Alberta Barley.

“So we’re seeing feed markets increase the price of barley to ration that demand,” he said.

Backman noted that recently, in Alberta, feed barley prices are approximately equivalent to that of malting barley, and sometimes better.

Prolonged dryness across the Canadian Prairies also buoyed feed grain prices, as pastureland carrying capacity has suffered to the point that producers are seeking alternative feed sources. Though slightly alleviated by recent rains, a July 4 report from Saskatchewan Agriculture emphasized more rain is required for crop and pastureland to thrive.

Typically, said Backman, readily available feed corn exports from the United States keep a lid on barley prices. ...More info on site

Brewery news USA, MA: Wachusett Brewing Company adding a 3rd brewing facility in Cambridge
Fresh off the recent news of its new Worcester, MA location, Wachusett Brewing Company announces it’s now adding a 3rd brewing and tap room facility in Cambridge, MA to be opened in fall of 2019. The location at 33 Dunster Street, near the heart of Harvard Square, was formerly the home of longtime brewpub pioneer John Harvard’s. The tap room will have a 15bbl brewhouse, 16 rotating beers on tap, live entertainment, and a full kitchen with a focus on creative flatbreads, TheFullPint.com reported on July 1.

“We are thrilled to be moving in to Cambridge.” said Wachusett President Christian McMahan. “As the Wachusett brand continues to grow, we have been looking for new and interesting ways to reach the next generation of craft beer drinkers and believe this location is ideal for us as we continue to evolve the brand in to the future.” McMahan concluded.

“This one is exciting.” said Ned LaFortune, Founder/CEO of Wachusett Brewing Company. “We are going to focus this brewhouse on creating a world-class sour beer program as well as some other really interesting and unique styles that I have wanted to do for a very long time.” LaFortune concluded.

Denise Jillson, Executive Director of the Harvard ...More info on site

Brewery news USA, WI: Hop Haus Brewing Co. opening second location in Fitchburg
After four years on Verona's Main Street, Hop Haus Brewing Co. is opening a second location in Fitchburg with more space for brewing, Channel3000.com reported on July 1.

According to a release, the business is growing and needs more space. The new location will have a full bar, expanded menu, private event space, outdoor patio, family-friendly lawn area and a rooftop deck.

In the new space, there will be a canning line to bring all production of its beer in-house. Smaller batches allow for fresher beer when customers buy beers on local shelves.

"Since opening four years ago in Verona, it has always been important for us to connect with the people in our community and offer them a great place to gather," says Hop Haus owner and brewmaster Phil Hoechst. "We've made great connections in Verona and saw an opportunity to make new friends with the growing businesses and neighborhoods on the northwest side of Fitchburg."

The Verona location will continue operations and stay open. Hoeschst says since both of the sites are on the bike path, he's hoping they'll host events that will connect the two locations.

The new space is expected to open next summer near the intersection of Seminole Highway and ...More info on site

Brewery news USA, IL: Vice District Brewing Company hoping to open before the end of the year
Hyde Park’s second brewery may arrive before the end of the year. Vice District Brewing Company co-owners State Rep. Curtis Tarver II (D-25th) and Quintin Cole plan to open in the South Side neighborhood by 2020, the Chicago Tribune reported. Jolly Pumpkin Pizzeria & Brewery, opened in 2017, was Hyde Park’s first brewpub.

Although owners disclosed news of a pending Hyde Park location to the Tribune in June, little else is known about the project or where the taproom will be located in the neighborhood. Representatives did not return requests for comment and the original story did not elaborate.

Meanwhile, last week Vice District management announced that the popular Homewood location has ceased daily operations and the brand will shift to a focus on distribution. The taproom at 18027 Dixie Highway stopped serving in late June and will be available for a range of events, according to a Facebook post.

“In light of recent changes and growth within Vice District, we are excited to announce a shift in focus as we dedicate resources to grow our distribution operations,” the post reads. “In order to give due focus to this effort, Vice is thrilled to offer the newly renovated space in Homewood for private ...More info on site

Brewery news USA, AR: Boston Mountain Brewing holds grand opening in Fayetteville
Boston Mountain Brewing held its grand opening celebration on Saturday, June 29 at the brewery, located at 121 W. Township St. in midtown Fayetteville, the Fayetteville Flyer reported.

Locals Matt Thompson and Sam Grinceri have been working for months on the new establishment, which includes a 3-barrel brewhouse and a 35-foot bar top.

The pair launched with eight unique beers, including an IPA, a double IPA, a coconut porter, a coffee stout, a chocolate sweet stout, a golden ale and two pale ales. The taproom menu promises that a pilsner, kolsch and a robust porter are coming soon.

The brewery is open from 4-10 p.m. Monday through Thursday, 3-11 p.m. on Friday, 12-11 p.m. on Saturday, and 2-10 p.m. on Sunday.

Brewery news USA, KS: Lost Evenings Brewing Company to become Lenexa’s first microbrewery
Lenexa City Center may be getting its first microbrewery and taproom.

Pat Davis, owner of Lost Evenings Brewing Company, is hoping to move his brewing operations out of his Olathe home and into a retail spot at 16965 City Center Drive, the Shawnee Mission Post reported on July 2.

Davis is hoping the microbrewery and taproom will attract neighboring residents and office workers at City Center to come, socialize and meet with each other.

“I’m trying to create a neighborhood gathering space,” Davis said. “I’m going for, in terms of decor, a British pub mixed with a contemporary craft brewery.”

He specializes in sessionable American and British styles of craft beer. These types of beers tend to have less alcohol content, perhaps 3 to 4 percent alcohol by volume.

“I like the types of beers where I could have a couple pints and not be regretting it the next day,” he added jokingly.

A home brewer for the past six years and member of the Johnson County Brewing Society, Davis said he and his wife, Heather Davis, had been looking for a place to brew outside of their home and settled on City Center because of the new mixed-use developments in the works.

“Looking at the demographics ...More info on site

Brewery news Canada, ON: Big Rig Brewery to open new location at Ottawa Macdonald-Cartier International Airport
Big Rig Brewery has announced that it will soon be opening a new location at Ottawa Macdonald-Cartier International Airport (YOW), the Canadian Beer News reported on July 2.

Working in partnership with SSP Canada, YOW’s new Master Concessionaire for food and beverage, Big Rig will be opening a restaurant and bar later in the post-security area on level two. Other local dining options will include Bridgehead Coffee, La Bottega Nicastro, and Zak’s Diner.

“We are extremely honoured to have been selected by SSP Canada as one of four local businesses to open at YOW,” said Lon Ladell, co-owner and brewmaster at Big Rig, in a statement. “We can’t wait to be pouring a wide selection of our craft brewed beers and are excited to share our love of beer with those travelling through YOW.”

This will be the fourth Big Rig location to open in Ottawa, following the original brewpub in 2012, a production brewery and taproom in 2014, and a restaurant in 2015. Foodtastic, the Quebec-based restaurant franchise company that took majority ownership of the company last month, is also looking to expand the brand into the Toronto market.

Big Rig YOW is expected to open in late 2019.

Brewery news USA, TX: Celis Brewery files for bankruptcy
It turns out that Celis Brewery isn’t being auctioned anymore as had been previously indicated by the public sale notice in the Statesman last month. Rather, the brewery owner Christine Celis filed for bankruptcy. This is amidst murmurings of the revived brewery’s financial troubles and that now-nixed auction, which was supposed to take place on July 2, the Eater Texas reported.

Celis filed Chapter 11 bankruptcy protection, which means the brewery will remain open while she reorganizes the company. “Everybody keeps their jobs and retailers will keep receiving beer,” she told Eater as she confirmed the filing to Eater, but couldn’t comment any further. The cancelation of the auction was also confirmed by Amplify Credit Union’s commercial loan operations supervisor Matthew Stewart.

Originally, the public sale notice was placed in the print edition of the Statesman on Friday, June 21, noting that Celis Brewery (aka Flemish Fox Brewery & Craftworks) was up for auction to “satisfy a lien” by the Amplify Credit Union. “The entire property will be sold together on an ‘as-is, where-is’ basis,” as the notification read, which included brewery equipment and inventory. The auction was originally going to take place on Tuesday, July 2.

Celis’ late father Pierre originally opened ...More info on site

Brewery newsHong Kong: Budweiser APAC won’t rely on M&A to grow after IPO
Budweiser APAC will not rely on merger and acquisition (M&A) deals to expand after the Asia-Pacific business of beer giant Anheuser-Busch InBev (AB InBev) ...More info on site

Barley news France: Winter barley production expected 3.5% below the average of the past five years
France is forecast to harvest 3.8 million tonnes of winter rapeseed this year, down 22% from 2018, the farm ministry said on July 2, confirming widespread expectations of a plunge in production following adverse growing weather. The ministry's initial outlook for rapeseed production was more than 25% below the average of the past five years, it said in a crop report.

It was based on a forecast yield of 2.94 tonnes per hectare (t/ha), down from 3.06 t/ha last year and the lowest since 2007, along with an area of 1.31 million hectares, down from 1.61 million in 2018. Rapeseed production in France is made up almost entirely of winter crop, with the ministry estimating that just 2,000 hectares of spring rapeseed were sown this year.

A sharp fall in rapeseed production in France and elsewhere in western Europe has been widely anticipated after drought reduced the sown area, with analysts forecasting the smallest EU harvest in over a decade. "With the exception of Normandy the crop situation is very poor," the farm ministry said of rapeseed.

"In addition to drought and then frosts that created problems for flowering and pod formation, there have also been flea beetle attacks." Rapeseed is the EU's ...More info on site

Brewery news India: AB InBev sets aside USD55 mln for tax liabilities
Anheuser-Busch InBev, the world’s largest brewer, revealed in a filing with the Hong Kong exchange that it has accounted about $55 million or Rs 380 crore as liability in its books, though it has challenged Indian tax authorities that accused the American firm of avoiding taxes, the Economic Times reported on July 3.

In 2016, AB InBev acquired SABMiller for over $100 billion to create the world’s largest beer company, which in turn generated two legacy issues for them in India. For one, the Indian tax authority issued a demand notice for alleged capital gains tax liability last year on SABMiller’s 2006 acquisition of Foster's India business, trademarks and other intellectual properties.

While SABMiller had renamed royalty transactions as management services, the Authority of Advance Rulings, that examines cases of income tax liability involving non-residents in India, said the services qualify as technical know-how and should be taxable under Indian law.

“The company is challenging the tax demand on a number of grounds. The potential amount of potential liability is $55 million, which has been fully provided by the group's financial statements,” said Budweiser Brewing Company APAC in its prospectus for the Hong Kong initial public offering.

The Competition Commission ...More info on site

Hops news Hungary: Heineken backs hop growing in Hungary
The hop-growing territory around the village of Kastélyosdombó in Somogy County (SW Hungary) is to increase by 20 hectares thanks to financial support of HUF100 million from the Ministry of Agriculture, in cooperation with Heineken Hungária Breweries, the Budapest Business Journal reported on July 3.

Via a joint program with Hungarian Interchurch Aid (HIA-Hungary), Heineken Hungária will look to support disadvantaged families around Kastélyosdombó (253 km southwest of the capital), the company said.

According to Minister of Agriculture István Nagy, producers may take out a HUF6 million non-repayable loan per hectare, which will be used to build up the necessary infrastructure. The aim is to further increase the amount of land given over to hop cultivation.

“It is a question of national strategy to decrease the Hungarian food industry’s dependence on imports and to help agriculture stand on several feet,” Nagy said at an event in Sopron, northwest Hungary, where one of Heinekenʼs two Hungarian sites is located.

The loan opportunities, which will help smaller growers establish themselves in the industry, also aims to help disadvantaged families by creating more jobs in the region. Heineken Hungária’s Managing Director Geert Swaanenburg said a lot of work will be needed to produce quality hops; the brewer ...More info on site

Brewery news South Korea: Liquor companies brewing trying to expand overseas
South Korea’s liquor companies are brewing for global markets, shipping to a growing number of regions across the world and opening pop-up stores to target local consumers, industry officials said on July 4.

Hite Jinro held a series of promotional events earlier this year in Europe to introduce Korean alcohols and offer engaging experiences to customers.

It opened pop-up stores called Corea Spirit 2019 in Paris and A Midsummer Night's Jinro in London in May.

More than 500 people visited each of the pop-up stores, showing high interest in Korea's drinking culture and alcohol beverages, according to the company.

"Since 2016, we've been putting a lot of effort into globalizing soju. We will prepare more opportunities to experience Korean liquor culture and strengthen overseas markets," a Hite Jinro official said.

Regarding the pop-up store marketing strategy, the official said, "We thought opening a pop-up store would be a great idea to promote our products, ranging from beer to fruit-flavored soju, and offer tasting events to enhance our brand awareness."

In 2018, Hite Jinro's overseas sales stood at 97 billion won, up 3 percent from the year before. Meanwhile, it exported soju worth $53.84 million last year, up 12.5 percent from 2017.

In the first ...More info on site

Brewery news UK: Heineken planning sale of 150 pubs across the UK
Heineken is planning to sell around 150 pubs across the UK, the HeraldScotland reported on July 3.

It was reported the value of the package would be around £60 million and many premises are Punch pubs.

The brewer sparked concern when it bought nearly 2,000 Punch Taverns two years ago, prompting a competition probe before approval of that £300m deal.

The group said then it would sell pubs in around 30 areas around the UK to ease concerns the merger could lead to reduced competition and consumer choice in some places.

Heineken UK said it is unable to provide locations of the planned sales at this stage.

However, a spokesman for its Star Pubs and Bars said: "We are in the process of marketing a small number of pubs for sale.

"We have consistently said that we regularly review our estate, and with the growth of any pub estate there is also ongoing optimisation which includes some disposals."

Ben Wilkinson, Campaing for Real Ale (CAMRA) national director, said: "Having decided to dispose of these pubs, we welcome Heineken's responsible decision to market them as going concerns and seek a different pub operator to take them on.

"Most important though will be the intention of the purchaser, and local ...More info on site

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