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E-Malt.com Newsletter 32b
August 08 - August 11, 2019
Quote of the Week
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Francis of Assisi
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Currency Rates
Base Currency: US Dollar
on August 09, 2019 |
Base Currency: Canadian Dollar
on August 09, 2019 |
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1 USD = 0.8926 EUR
1 USD = 0.8230 GBP
1 USD = 1.3268 CAD
1 USD = 1.4728 AUD
1 USD = 106.0600 JPY
1 USD = 3.9479 BRL
1 USD = 65.1689 RUB
1 USD = 7.0433 CNY
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1 CAD = 0.7536 USD
1 CAD = 0.6202 GBP
1 CAD = 0.6727 EUR
1 CAD = 1.1099 AUD
1 CAD = 79.9300 JPY
1 CAD = 2.9751 BRL
1 CAD = 49.1111 RUB
1 CAD = 5.3078 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, MI: River Rouge Brewing Company gets grant to open second facility
...Click here
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USA: Pernod Ricard acquiring Firestone & Robertson Distilling Co. in Texas
...Click here
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USA, IL: Clancy’s Brewery to hold grand opening on August 31
...Click here
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USA, CA: Mad Duck Craft Brewing Northwest debuts in northwest Fresno
...Click here
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USA, MS: Biloxi Brewing Company files for bankruptcy
...Click here
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USA, CA: Wildcard Brewing Co. seeking new ownership
...Click here
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USA, OH: Queen City Brewery of Cincinnati announces plans to close down
...Click here
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USA, IN: Schnitz Brewery and Pub will no longer brew its own beer
...Click here
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Brazil: Glass starting to look half full for Ambev - analysts
...Click here
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World: Carlsberg shares surge on full-year earnings outlook upgrade
...Click here
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UK: Beer industry in limbo waiting for Brexit outcome
...Click here
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Vietnam: Habeco posts 12% increase in quarterly post-tax profit
...Click here
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France: Cereal harvest showing good quality but spring barley protein may be low
...Click here
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World: Global hop harvest expected at around 122 thousand tonnes this year
...Click here
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UK: Brexit putting pressure on malting barley market
...Click here
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Africa: Diageo to invest in sustainability of its African breweries
...Click here
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Zimbabwe & Botswana & Malawi: Delta Corporation eyes Malawi, Botswana markets entry before year-end
...Click here
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South Africa: More South Africans turning to no- and low-alcohol beer
...Click here
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South Korea & Japan: Import of Japanese beer to Korea nearly halves in July
...Click here
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Ghana: Guinness Ghana introduces new Guinness Smooth Stout
...Click here
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Argentina: Argentina’s first single malt whisky distillery to release new field-to-bottle whisky
...Click here
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Graph of the Week
Table of the Week
Canada Barley Malt Export and Import 2010-2018
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
08 August
1709 - known ascent in hot-air balloon, Bartolomeu de Gusmao (indoors)
1876 - Thomas Edison patents mimeograph (stencil duplicator or the printing machine)
1876 - Thomas Edison receives a patent for his mimeograph
1896 - The Dow Jones Industrial Average, less than three months old, hits the lowest level ever recorded: 28.48, down 30.5% in just ten weeks
09 August
1874 - Harry S Parmelee patents sprinkler head
1945 - US drops 2nd atomic bomb "Fat Man" on Japan destroys part of Nagasaki
1976 - USSR launches Luna 24, last Lunar flight to date from Earth
10 August
1500 - Diego Diaz discovers Madagascar
1793 - The Musee du Louvre is officially opened in Paris, France
1961 - England applies for membership in the European Common Market
1981 - Coca-Cola Bottling Co agrees to pump $34 million into black business
1988 - UN estimates Asia's population hit 3 billion
11 August
1909 - SOS 1st used by an American ship, Arapahoe, off Cape Hatteras, NC
1950 - Steve Wozniak, future co-inventor of the Apple computer, is born
1992 - The world's largest shopping center, the US$650-million, 4.2-million-square-foot Mall of America, opens in Bloomington, Minnesota
Agenda
August 2019:
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)
29 - 13 November: World Beer Cup 2020 (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)
News Articles
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USA, MI: River Rouge Brewing Company gets grant to open second facility
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Oak Park, which once sat dry for decades, is one step closer to joining in on the craft beer fun.
The Michigan Department of Agriculture and Rural Development (MDARD) has awarded Edward Stencel, founder of Royal Oak-based River Rouge Brewing Company, a $100,000 grant to help cover the costs of opening a second brewery and tasting room at 14401 W. 11 Mile Road, the Detroit Free Press reported on August 8.
That puts Stencel on track to open Oak Park's first craft brewery, called Unexpected Craft Brewing Company, in spring 2020.
"This project ushers in a new era for our city, and that era is an era of a more diverse group of businesses locating here with attractions that will improve the quality of life overall for residents here," Oak Park City Manager Erik Tungate said in a news release.
Oak Park, an Oakland County suburb of about 30,000 people, was known as a dry suburb of metro Detroit until residents voted to overturn a ban on sales of alcohol by the glass in 2015. Now, city leadership is hoping to open not just one brewery, but several, as part of an effort to attract new, perhaps younger, residents and families.
Tungate said in an
...More info on site
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USA: Pernod Ricard acquiring Firestone & Robertson Distilling Co. in Texas
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Pernod Ricard, the owner of Absolut Vodka and Jameson Irish Whiskey, is acquiring Firestone & Robertson Distilling Co., which has produced the TX premium whiskey and bourbon brand since 2012. Terms of the acquisition were not disclosed, Food Dive reported on August 6.
The acquisition includes the Whiskey Ranch, the brand’s distillery that is open to the public for tastings on the outskirts of Fort Worth, Texas.
This deal comes on the heels of the French spirits giant acquiring Rabbit Hole Whiskey in June as it looks to bring brands into its portfolio with "unique and comprehensive value propositions," the company said in a release.
As the second largest liquor company behind Diageo, Pernod Ricard is doing well for a family business. Sales from recurring operations increased 6% in fiscal year 2018, compared to 3.6% the year before. However, outside investor Elliott Management Corp., a New York-based investor group led by billionaire Paul Singer, thinks it could do better.
Elliot, which revealed its more than a 2.5% stake in the company in 2018, specifically pointed out the French liquor company’s M&A strategy as a sore spot that could use improvement. One particular pain point is Pernod's acquisition of Absolut in 2008 for $8.3 billion,
...More info on site
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USA, IL: Clancy’s Brewery to hold grand opening on August 31
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Clancy’s Brewery in Granite City, Ill., has announced its anticipated grand opening. Featuring live music, snacks and beer, the event will take place August 31st, 2019, from 3 p.m. until 11 p.m., RiverBender.com reported on August 7.
Located down the sidewalk from Lascelles at 1324 Niedringhaus Avenue, Clancy’s Brewery is bringing the exploding craft beer scene to the Granite City community while also offering a new spot for friends and family to gather and enjoy their community.
Brewing small batches of nearly 100 gallons at a time, Clancy’s Brewery has the freedom to experiment and try new things. Currently focused on top-fermented European lagers with an American twist, Clancy’s also plans to brew classic American styles and Belgian ales. “The City is excited about Clancy’s location in downtown Granite. You can enjoy specialty craft brewing, places to eat and a movie. Clancy’s Brewery will be a great addition to creating a vibrant downtown district,” said Granite City Mayor Ed Hagnauer.
“It was the vision of the Mayor and the city council about ten years ago that placed the cinema as an anchor to the downtown area. And what we have seen since then is the Lascelles Group’s investments that have created slow layers
...More info on site
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USA, CA: Mad Duck Craft Brewing Northwest debuts in northwest Fresno
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A new brewpub has debuted in northwest Fresno. Called Mad Duck Craft Brewing Northwest, the new arrival is located at 7050 N. Marks Ave., the Hoodline reported on August 7.
Mad Duck Craft Brewing Northwest serves up handcrafted beer and a variety of fare, such as grilled fish tacos, pulled pork sliders, Bavarian soft pretzels and lamb kebabs. In the mood for a sweet treat? Dig into a dark chocolate brownie or bread pudding.
With a five-star rating out of eight reviews on Yelp so far, Mad Duck Craft Brewing Northwest is on its way to developing a local fan base.
Noëlle M., who was among the first Yelpers to review the new spot on August 2, wrote, "It's a great place for a date or to chill at the bar; if you're coming in a group, there is ample patio seating. They are set up for you to enjoy sporting events with TVs set up around the restaurant and bar with great seats throughout."
And Mariah S. wrote, "Love the new location and updated menu. We had some of our old faves and tried something new. The mojo skirt steak and the grilled artichoke was great as usual. I enjoyed a yummy
...More info on site
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USA, MS: Biloxi Brewing Company files for bankruptcy
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One Gulf Coast business might be shutting its doors for good. Biloxi Brewing Company filed for Chapter 7 bankruptcy on Aug. 1, WLOX reported.
Filing a business bankruptcy lets the owners turn their business over to the trustee for an orderly liquidation. The business stops operating, and the court liquidates its assets and pays what it can to business creditors. Exemptions don’t apply in a business bankruptcy, so the trustee can take anything the business owns: The entire company is liquidated.
When the liquidation is complete and the proceeds have been paid out to creditors, the business won’t owe any remaining debts. Lease obligations, contracts, utility bills, credit cards, loans, overdue accounts, and all other business debts will have been paid to the extent possible by the bankruptcy trustee.
Before opening the location in downtown Biloxi, Biloxi Brewing Company brewed out of Lazy Magnolia in Kiln. CEO Mark Cowley was one Coast businessman to push for the allowance of craft beer sales at breweries back in 2016.
The company has been at the Bohn Street location since 2017.
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USA, CA: Wildcard Brewing Co. seeking new ownership
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Faced with an ever-evolving craft brewery landscape and the “financial hurdles” of trying to keep up, Wildcard Brewing Co. in Redding is seeking new ownership, the Redding Record Searchlight reported on August 1.
In the interim, Wildcard has closed its brewery on Crossroads Drive and its two tasting rooms in Redding. Wildcard's tasting room in Albany in the San Francisco Bay area closed in May.
“Unfortunately, the ground has shifted beneath our feet. Breweries are opening at incredible rates, leaving our regional distribution plans with some major pitfalls,” Wildcard co-owner Jenny Hansen said in a news release. “As we looked at our model and we looked at what is happening in our industry, we took a step back and angled ourselves to focus on direct to consumer sales through our tasting rooms. Unfortunately, the financial hurdles of that expansion became too much.”
Jenny, and her husband, Jeff Hansen, opened Wildcard in 2012. The couple put the business up for sale earlier this year and “continue to pursue a possible partnership that will allow Wildcard operations to resume.”
Joshua Johnson, of Venture Properties in Redding, said a deal to purchase the business is in escrow and there is a chance the sale will close by
...More info on site
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USA, OH: Queen City Brewery of Cincinnati announces plans to close down
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Queen City Brewery of Cincinnati, located in Blue Ash, announced its plans to close down in a Facebook post on August 1.
According to the post, the brewery plans to close by the end of September, "or sooner...depends on how long the beer we have left lasts us."
The brewery goes on to explain the passion which led them to open the business, and that the reasoning behind the closure is due to the changing industry and customers wanting more than they were able to give.
"We are about solid beer, people and the community. Not fads or trends," the post reads.
Since opening in 2016, the brewery spent a lot of its efforts on giving back to the community by raising funds for various organizations. And while they spent time trying to build that bond with their neighbors and the Greater Cincinnati area, they weren't able to reach the relationship they strived for.
"In order for a small business like ours to succeed, we relied on the local community to support us, just as we supported the local community. For whatever reason, we were never fully embraced," the post reads.
The brewery gives its thanks for the supporters who have
...More info on site
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USA, IN: Schnitz Brewery and Pub will no longer brew its own beer
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Schnitz Brewery and Pub in Jasper will no longer brew its own beer, the pub announced in a Facebook post on August 8.
Kim Voegerl, sales and marketing coordinator for Hanselman Group, which owns Schnitz, said customers can still fill growlers and crowlers of Schnitz-brewed beer while supplies last. She did not comment on why they will cease brewing.
“When our story is complete, we will share that with the public,” she said.
They will, instead, offer different craft and domestic beers on their draft lines.
Located in the lower level of KlubHaus 61 off Highway 231, Schnitz has been brewing beer since it opened four years ago. The pub brewed a variety of IPAs, Porters and Wheats, which are sold to other local restaurants and venues.
Schnitz will drop the “Brewery” from its name, and will continue to operate as a pub, serving pizzas, burgers, sandwiches and wraps.
Schnitz is owned by Hanselman Group, a family-owned and operated company which also operates Schnitzelbank restaurant and catering, Hampton Inn hotel, and event center KlubHaus 61.
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Brazil: Glass starting to look half full for Ambev - analysts
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Three upgrades and a 14% return in two weeks are signs that the glass is starting to look half full for Ambev SA, Bloomberg
...More info on site
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World: Carlsberg shares surge on full-year earnings outlook upgrade
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Carlsberg A/S surged the most in a decade after the Danish brewer raised its full-year earnings outlook, helped by demand for its pricier craft
...More info on site
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UK: Beer industry in limbo waiting for Brexit outcome
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Britain's beer industry is in limbo, waiting to see what is in the pipeline for brewers, pubs and drinkers after Brexit -- but the
...More info on site
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Vietnam: Habeco posts 12% increase in quarterly post-tax profit
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The Hanoi Beer Alcohol and Beverage Joint Stock Corporation (Habeco) has reported its highest quarterly profit since April 2017, the Viet Nam News reported
...More info on site
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France: Cereal harvest showing good quality but spring barley protein may be low
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The cereal harvest in France, the European Union's largest grain producer, was showing generally good quality, including for its main soft wheat crop, farming
...More info on site
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World: Global hop harvest expected at around 122 thousand tonnes this year
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On July 30, the IHGC had a meeting in Ljubljana, Slovenia, where preliminary estimates concerning this year’s hop harvest were made.
Based on these numbers,
...More info on site
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UK: Brexit putting pressure on malting barley market
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A short export window before 31 October, alongside good quality and yields, are putting malting barley prices under pressure, the FarmersWeekly reported on August
...More info on site
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Africa: Diageo to invest in sustainability of its African breweries
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British drinks giant Diageo announced on August 5 it would inject nearly a quarter of a billion dollars into sustainability projects at 11 of its African breweries, its largest green investment in a decade.
The London-based spirits maker committed to spending 180 million pounds (USD 219 million/196 million euros) on renewable energy and water recycling systems at breweries in seven countries to reduce its carbon footprint.
The alcohol multinational said biomass boilers using sustainable fuels would be installed at three breweries in Kenya and neighbouring Uganda, replacing dirtier sources of energy production.
Wood chip, bamboo and rice husk would create steam power, cutting emissions and creating jobs with local farmers providing the raw materials. Solar panels would be rolled out at facilities in six countries, starting with Kenya and Ghana, producing up to one-fifth of each breweries' energy needs. Recovery, purification and reuse facilities at five breweries, meanwhile, including in Kenya, Uganda and Nigeria, would save two billion cubic litres of water a year, Diageo said.
Fifty-million pounds would be provided upfront to kick-off the projects spanning 11 breweries in Kenya, Uganda, Tanzania, South Africa, Seychelles, Nigeria and Ghana.
"We believe this is one of the biggest single investments in
...More info on site
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Zimbabwe & Botswana & Malawi: Delta Corporation eyes Malawi, Botswana markets entry before year-end
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Zimbabwe’s listed beverages maker Delta Corporation says it is moving ahead with plans to consolidate the ownership of its Chibuku brand in the region with an arrangement to enter Malawi and Botswana markets before year-end, the Bulawayo24 News reported on August 4.
Delta chief executive Pearson Gowero told Standardbusiness that the company wanted to diversify earnings, and earn foreign currency as the interbank market is failing to cater for its US$5 million monthly requirements.
"What we are trying to do is to diversify our earnings going into bigger markets by consolidating the ownership of the Chibuku brand in southern Africa," he said.
"We already own it here in Zimbabwe, we own it in Zambia and South Africa, and that leaves a few places, which is Malawi and Botswana that we are seriously pursuing at the moment because we think there is potential in those markets."
He said the major reason behind the regional thrust was to earn foreign currency.
"The focus will also be to earn forex. Admittedly, the supply of foreign currency on the interbank market is not enough," Gowero said.
"We require about US$5 million per month and currently we are getting close to half of that amount as we go and bid up
...More info on site
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South Africa: More South Africans turning to no- and low-alcohol beer
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South African Breweries (SAB) said on August 5 that more South African beer drinkers are slowly taking up the growing global trend of consuming the no- and low-alcohol beer (Nablab) categories, All4Women.co.za reported.
A survey by the global market research company Nielsen found that 47 per cent of Americans were no longer as loyal to their historic adult drink of choice and that drinkers wanted to reduce their alcohol consumption to lead healthier lifestyle.
Zoleka Lisa, vice president for corporate affairs at SAB, said as an increasing number of people around the world were passing up on their traditional alcoholic beverage, South Africa was no different.
“An alcohol-free beer offers people the freedom of choice to still enjoy the taste and the sociability of a beer, and the sense of belonging of having a drink with one’s friends, but without the alcohol,” Lisa said.
“It also allows the drinker to have a safer consumption experience by practicing ‘pacing’ by combining the consumption of alcohol beers with alcohol-free beers, as a means of moderation.”
Lisa said that pacing is one important component of moderate drinking.
“The practice of pacing allows for safer and smart drinking options because a lower intake of alcohol over a longer period gives
...More info on site
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South Korea & Japan: Import of Japanese beer to Korea nearly halves in July
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Imports of Japanese beer to Korea nearly halved in July against the previous month as consumers voluntarily shunned Japanese brands in protest to the Tokyo export curbs targeting to hurt Korea’s mainstay electronics component industry, the Pulse News reported on August 6.
Beer imports from Japan in July totaled $4.34 million, off 45 percent from the previous month, according to the Korea Customs Service. Imports of Japanese beers came at $5.16 million in April, $5.95 million, and $7.90 million in June – on seasonal demand. But the beer imports from the neighbor country plummeted 45 percent from the previous month and 35 percent from a year earlier in July after Tokyo tightened control on three chemicals used in chip and display production bound for Korea.
The last time beer imports from Japan fell so sharply was in the aftermath of the 2011 nuclear meltdown in earthquake-hit Japan.
Japanese brands are being yanked out of the shelves as both consumers and merchants join the boycott against Japanese products following coercive trade embargo from Tokyo in apparent complaint over wartime and colonial period claims.
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Ghana: Guinness Ghana introduces new Guinness Smooth Stout
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Guinness Ghana has made an addition to its portfolio with the introduction of the new Guinness Smooth Stout, Myjoyonline.com reported on August 8.
The latest product, according to the company, is 70 per cent Ghanaian materials-brewed with a classic blend of a bittersweet duet of hops and roasted barley.
Addressing the media at the launch, Marketing Manager for Stouts, Adult Premium Non-Alcoholic Drinks (APNADs) and RTD at Guinness Ghana Breweries PLC., Samuel Dery, said the new product was launched based on customer preference.
“We did a lot of research and together with the local team and the team in Dublin, we came out with a Guinness expression that has a lager refreshing; it’s 5 per cent and it’s a Guinness that you would want to enjoy with your friends when you go out and want to have a hangout conversation,” he said.
According to him, the new product seeks to compensate Guinness enthusiasts whose taste buds yearn for a perfect balance of bitter and sweet flavour.
Guinness Master Brewer, Peter Simpson, is optimistic the entry of the new product would go a long way to increase the company’s market share.
“It’s going to be absolutely huge in Ghana and I can see this going a million
...More info on site
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Argentina: Argentina’s first single malt whisky distillery to release new field-to-bottle whisky
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Argentina’s first single malt whisky distillery, La Alazana based in Patagonia, is to release another first for the country – a field-to-bottle whisky made using barley grown and malted on site.
Speaking to The Drinks Business, co-founder of La Alazana, Lila Serenelli, said the distiller’s next launch would be the 100% Patagonia edition which would be unveiled in a “couple of years”.
“For this edition we are working together with the government agriculture institute (INTA) and our technology institute IPATEC – CONICET (UNCo) for which we are using wild Patagonian yeast during fermentation as well as our barley which is grown and malted on site.”
Serenelli explained that Argentina was a major producer of malting barley, however the varieties grown are those used in the production of beer. As such, for the production of its whisky, La Alazana must import malt from the UK.
This inspired Lila and her husband Nestor to attempt to grow their own crop.
“We are also pioneers in growing and malting whisky varieties of barley and have already had two seasons of excellent crops,” Serenelli added.
“The spirit for our 100% Patagonia whisky is already maturing. It was a big challenge for us, but we are moving along very well with
...More info on site
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