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E-Malt.com Newsletter 06b
February 06 - February 09, 2020
Quote of the Week
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Currency Rates
Base Currency: US Dollar
on February 07, 2020 |
Base Currency: Canadian Dollar
on February 07, 2020 |
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1 USD = 0.9097 EUR
1 USD = 0.7715 GBP
1 USD = 1.3285 CAD
1 USD = 1.4823 AUD
1 USD = 109.9100 JPY
1 USD = 4.2479 BRL
1 USD = 63.0616 RUB
1 USD = 6.9691 CNY
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1 CAD = 0.7526 USD
1 CAD = 0.5807 GBP
1 CAD = 0.6847 EUR
1 CAD = 1.1157 AUD
1 CAD = 82.7200 JPY
1 CAD = 3.1971 BRL
1 CAD = 47.4625 RUB
1 CAD = 5.2452 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Rapid rise of craft brewing a godsend for barley industry
...Click here
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USA, WI: Sprecher Brewing Company acquired by Milwaukee-based investor group
...Click here
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Canada, AB: Alley Kat Brewing Company changes ownership
...Click here
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USA, CA: Good Wolf Brewing Company already open in Truckee
...Click here
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USA, CT: Twelve Percent Beer Project officially opens in North Haven
...Click here
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Canada, BC: Coal Harbour Brewing Co. closes down for good in Vancouver
...Click here
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USA, PA: Stoudts Brewing Co. to cease operations by early spring
...Click here
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Australia: Court gives Graincorp green light to spin malt business off in early April
...Click here
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India: United Breweries sees Q3 net profit decline by 2.56%
...Click here
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Japan: Asahi Breweries focusing on its beer business this year to replicate last year’s sales
...Click here
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Vietnam: Ba Ria-Vung Tau province allows Heineken Vietnam to increase investment capital
...Click here
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Australia: Barley exports in December increase to 239,766 tonnes
...Click here
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Australia: New generation barley variety set to conquer Western Australia grainbelt
...Click here
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World: AB InBev’s CFO Felipe Dutra to be replaced by Ambev CFO Tennenbaum
...Click here
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India: Tribunal allows AB InBev to resume beer sales in New Delhi for now
...Click here
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Graph of the Week
Table of the Week
Canada Beer Sales 2015-2019s
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
06 February
1953 - US controls on wages & some consumer goods were lifted
1964 - France & Great-Britain sign accord over building channel tunnel
1974 - Dutch speed limit set at 100 km due to oil crisis
07 February
1639 - Academie Francaise begins Dictionary of French Language
1804 - John Deere is born, pioneer manufacturer of agricultural implements
1935 - Monopoly, board game invented by Charles Darrow symbol Rich Uncle Pennybags
08 February
1883 - Louis Waterman begins experiments to invents fountain pen
1926 - Walt Disney Studios forms
1971 - NASDAQ market opens for stock trading, as the National Association of Securities Dealers Automated Quotation system first displays the median price for more than 2,500 "over-the-counter" securities
09 February
1585 - The Frankfurt Stock Exchange is established
1955 - US federations of trade unions merge into AFL/CIO
1969 - World's largest airplane, Boeing 747, makes 1st commercial flight
Agenda
February 2020:
07 - 10: HoReCa 2020 (Athens, Greece)
07 - 09: Finest Spirits 2020 (Munich, Germany)
15 - 18: Beer Attraction 2020 (Rimini, Italy)
March 2020:
09 - 11: 107 Brewing and Engineering Conference 2020 (Leipzig, Germany)
11 - 15: Festival Brasileiro da Cerveja 2020 (Blumenau, Brazil)
11 - 12: BeerX 2020 (Liverpool, UK)
13 - 15: Barcelona Beer Festival 2020 (Barcelona, Spain)
16 - 20: IBD Asia Pacific Convention 2020 (Perth, Australia)
19 - 21: Korea International Beer Expo 2020 (Seoul, South Korea)
24 - 26: Modern Brewing Technologies 2020 (Moscow, Russia)
24 - 26: Beviale Moscow 2020 (Moscow, Russia)
April 2020:
01 - 02: Expo Antad & Alimentaria Mexico 2020 (Expo Guadalajara, Mexico)
03 - 04: Helsinki Beer Festival 2020 (Helsinki, Finland)
05 - 08: 14th International Trends in Brewing "Beer & Society" 2020 (Leuven, Belgium)
16 - 18: Zurich Bier Festival 2020 (Zurich, Switzerland)
19 - 22: Craft Brewers Conference & BrewExpo America 2020 (San Antonio, Texas, USA)
25 - 26: Zythos Beer Festival 2020 (Leuven, Belgium)
May 2020:
01 - 02: Tallinn Craft Beer Weekend 2020 (Tallinn, Estonia)
05 - 07: International Beer Strategies Conference 2020 (Munich, Germany)
13 - 15: Craft Beer China 2020 (Shanghai, China)
14 - 16: Copenhagen Beer Festival 2020 (Copenhagen, Denmark)
15 - 17: Mondial de la Biere - Paris 2020 (Paris, France)
18 - 24: Budapest Beer Week 2020 (Budapest, Hungary)
19 - 21: Beer 2020 (Sochi, Russia)
21 - 24: Mondial de la Biere 2020 (Montreal, Canada)
22 - 30: Latvia Beer Festival 2020 (Riga, Latvia)
25 - 27: Africa Brewing Conference 2020 (Maputo, Mozambique)
June 2020:
03 - 04: The Brewers of Europe Forum 2020 (Antwerp, Belgium)
04 - 07: Mondial de la Biere - Sao Paulo 2020 (Sao Paulo, Brazil)
04 - 07: Wiener Bierfest 2020 (Vienna, Austria)
July 2020:
01 - 02: Craft Drinks India 2020 (Bangalore, India)
29 - 31: Beviale Mexico 2020 (Guadalajara, Mexico)
August 2020:
01 - 04: World Brewing Congress 2020 (Minneapolis, USA)
07 - 08: Beervana 2020 (Wellington, New Zealand)
13 - 15: VIETFOOD & BEVERAGE - VIETNAM 2020 (Ho Chi Minh City, Vietnam)
September 2020:
03 - 07: Mondial de la Biere Rio 2020 (Rio de Janeiro, Brazil)
14 - 25: Craft Brewing in Practice 2020 (Berlin, Germany)
19 - 04 October: Oktoberfest 2020 (Munich, Germany)
21 - 23: 11th Ibero-American VLB Symposium 2020 (Barcelona, Spain)
October 2020:
13 - 16: China Brew & China Beverage (CBB) 2020 (Shanghai, China)
29 - 30: Sea Brew 2020 (Taipei, Taiwan)
November 2020:
10 - 12: Brau Beviale 2020 (Nuremberg, Germany)
25 - 27: Drink Japan 2020 (Tokyo, Japan)
December 2020:
09 - 11: Drink Technology India 2020 (Mumbai, India)
News Articles
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Canada: Rapid rise of craft brewing a godsend for barley industry
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Malting barley doesn’t sell itself to one marketplace.
It’s being sold to multiple marketplaces with very different interest in protein, enzyme, starch and quality levels, the Western Producer reported on February 6.
“We have very different marketplaces,” said Peter Watts, managing director of the Canadian Malting Barley Technical Centre.
“Each marketplace has different quality requirements.”
That means that barley isn’t just barley in the elevators’ and buyers’ eyes. Each one has different needs and different customers that might need sharply different product.
Chinese buyers mostly want high protein and high enzyme malting barley in order to pair with cheaper grains like corn and rice. A variety like Metcalfe works well for that, with protein levels of 11.5 to 13.5 fitting their needs best.
Mainstream brewers and maltsters like moderate protein and moderate enzyme content, with protein of 11 to 13 percent being typical.
Craft brewers like low protein, low enzyme barley, with 9.5 to 11.5 percent protein most common. A variety like Copeland works well for those users.
Chinese buyers are willing to take lower qualities of barley compared to North American buyers. Craft brewers can be very particular about the barley they buy because they have little ability to play with formulas in brewing.
The rapid rise of
...More info on site
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USA, WI: Sprecher Brewing Company acquired by Milwaukee-based investor group
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A Milwaukee-based investor group has acquired the 35-year-old Sprecher Brewing Company, Brewbound reported on January 31.
Although financial terms of the deal were not disclosed, a press release noted that Commerce State Bank funded the debt, while investors “funded significant equity to make the purchase happen.”
Sharad Chadha, who brings a wealth of experience in executive roles at Samsung Electronics, GE Healthcare and Electrolux, is leading the investor group, which includes former MillerCoors general manager Jim Kanter, who will serve on the brewery’s leadership team.
Other investors include Andy Nunemaker, vice president of product management at Milwaukee software firm Applied Systems, as board chairman, and Peter Skanavis, the founder of Milwaukee realtor, Homeowners Concept Realtors, who will serve on the board. Milwaukee area investor group Silicon Pastures is listed as an angel investor.
Chadha will serve as the brewery’s CEO, while 73-year-old Randy Sprecher, who founded the Wisconsin craft brewery in 1985, will retire but maintain a stake in the business as an investor.
In a press release, Sprecher called Chadha’s offer an “ideal opportunity.”
“It was important to me that Sprecher stay locally owned,” he continued. “This has been my life’s passion for decades and I want to see the company thrive. With this talented
...More info on site
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Canada, AB: Alley Kat Brewing Company changes ownership
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After 25 years in business, the owners of one of Edmonton’s first craft breweries have sold Alley Kat to a new ownership team, Globalnews.ca reported on February 5.
Husband and wife team Neil and Lavonne Herbst announced on February 4 that they’ve sold the independent brewery to Zane Christensen and Cameron French — two fans of the business from St. Albert.
“At a time when we are seeing some craft breweries being absorbed by large multinationals, keeping Alley Kat in independent hands was extremely important to us,” said Neil Herbst, who was one of Alley Kat’s original founders back in 1994.
He started the brewery with his then-business partner Richard Cholon. A couple of years later, Lavonne Herbst purchased Cholon’s share of Alley Kat, and it became a family business.
Alley Kat, which says it’s the fourth-longest operating brewery in Alberta, launched at a time when craft beer wasn’t really a thing in Edmonton. The owners pushed for years to change Alberta’s liquor laws to make them friendlier to small brewers like themselves.
The Herbsts said they were pleased to be handing Alley Kat and its legacy as a craft beer pioneer over to a new generation of local entrepreneurs who share their passion for
...More info on site
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USA, CA: Good Wolf Brewing Company already open in Truckee
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A new brewery, Good Wolf Brewing Company, opened this past weekend in Truckee, KTVN reported on February 3.
Officials said Good Wolf soft-opened in late November last year and has since released new beers, with more on the way.
The brewery has a 50-seat tasting room, stocked with board games. Officials said they have fundraisers, live music, trivia nights and movie marathons planned for the space.
“The community we’ve found in Truckee has been incredible in the short time we’ve been here,” said Heidi Petyo, one of the owners. “We’re really looking forward to contributing to our new community and having a family-friendly space that brings people together. Whether meeting old buddies or trying to make new friends, we’re super proud of the space and hope our entire community feels at home here.”
Owners Heidi and Matt Petyo are from Northern California and decided to move back to the state after the Camp Fire in 2018.
Matt spent time working for other breweries, including Sierra Nevada Brewing Company, Seattle's Elysian Brewing Company, Oskar Blues Brewery and Wildcard Brewing Company.
He said he enjoys “exploring and experimenting with unique hop varietals and creative beers that push the boundaries of the brewing tradition."
Good Wolf Brewing Company is located
...More info on site
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USA, CT: Twelve Percent Beer Project officially opens in North Haven
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The new year brings new beer as Twelve Percent Beer Project officially opens, the Meriden Record-Journal reported on February 2.
The State Street, North Haven brewery originally began as 12 Percent Imports over a decade ago, with founder Brian Ewing working with small brewers from across the globe, selling their product out of his car.
“At its core we find, what we think, are the best small brewers out there,” said Ewing. “Then what we do at the brewery is help market them, scale them up and expose them to a wider audience.”
Ewing’s partner, Alex Blank, who operates the brewery, likened the business model to that of an independent record label.
“We have these ‘artists’ which are our brewers and some of them have their own facilities, but the facilities they have are tiny and they can only make so much beer,” he said. “In that way, we’re supplementing production. Some don’t even have a brewery.”
Twelve Percent is currently working with about 15 brewers in the U.S. and overseas.
Ewing’s passion for brewing began before he started importing beer. According to Blank, the two shared an “obsession” for Belgian beer.
“The first beer he brought over was named Gaverhopke, which was from Belgium,”
...More info on site
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Canada, BC: Coal Harbour Brewing Co. closes down for good in Vancouver
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Vancouver’s Coal Harbour Brewing Co. announced on February 1 it is closing its doors and ceasing operations immediately after being fined by the provincial liquor board for failing to pay back taxes, the Vancouver Courier reported.
The popular craft beer brewery was founded in 2010 and was best known for its 311 Helles Lager and award-winning Smoke and Mirrors imperial smoked ale.
According to sources at the brewery, Coal Harbour was audited by the provincial liquor board this past summer and was found to be owing back taxes.
“[Due to] incomplete records keeping paired with an irresponsible level of free beer being given away, the LDB audited us to the absolute highest of their abilities, and showed no leniency towards us,” explained Krieg Barker, Coal Harbour’s marketing manager and spokesperson in a press release Saturday morning. According to Barker, proper systems were not in place in the years before the current management team took over day-to-day operations of the brewery.
“This left us with a $300K fine to be paid, in full, in one sum.”
When Coal Harbour failed to pay the fine in full the brewery received further sanctions, including the removal of its manufacturing license.
“A new investment partner was found, but in the
...More info on site
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USA, PA: Stoudts Brewing Co. to cease operations by early spring
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Stoudts Brewing Co., the 33-year-old Adamstown brewery that was a pioneer in the explosion of craft beer, will cease operations by early spring, nbcphiladelphia.com reported on February 4.
The closure comes as brewmaster Carol Stoudt plans to retire. Stoudt started the brewery in 1987 after adding a 30-barrel brewhouse to an existing 70,000-square-foot Antiques Mall, restaurant and beer garden along North Reading Road. An on-premise bakery and cheesemaking facility later followed. Operations will continue at the other Stoudt entities.
Stoudt, who became the first female brewmaster since Prohibition, said the decision to end beer making "was a difficult decision to make but we’re not moving enough volume to justify the expense of keeping the brewery open."
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Australia: Court gives Graincorp green light to spin malt business off in early April
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GrainCorp's malt division will reclaim its former name to become United Malt when the business breaks away from the big east coast grain company
...More info on site
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India: United Breweries sees Q3 net profit decline by 2.56%
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United Breweries Ltd (UBL) on February 5 reported net profit decline of 2.56% at Rs 106.37 crore for the quarter ended December, while net
...More info on site
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Japan: Asahi Breweries focusing on its beer business this year to replicate last year’s sales
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Japan’s Asahi Breweries is focusing on its beer business this year, as it seeks to replicate its sales of JPY 666 billion (US$6 billion)
...More info on site
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Vietnam: Ba Ria-Vung Tau province allows Heineken Vietnam to increase investment capital
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The southern coastal province of Ba Ria-Vung Tau has recently allowed Heineken Vietnam Brewery - Vung Tau JSC to increase its investment capital from 312.5 million USD to 381.3 million USD, VNA reported on February 6.
With the additional capital, the company expects to raise the annual capacity of its factory in Vung Tau from 610 million litres to 1.1 billion litres in 2020.
In early 2020, the province also granted approval decisions and investment licences to several investment projects, including those of Japan-based Seiko PMC Corporation (28 million USD), SeAH M&H Vietnam (35.3 million USD) and Arakawa Chemical Industries (45.6 million USD).
Last year, Ba Ria-Vung Tau attracted 108 new projects, including 49 foreign-invested ones valued at about 623 million USD, and 59 domestically-financed ones capitalised at 13.13 trillion VND (566 million USD).
During the year, it also allowed 40 existing projects to increase investment capital by 524 million USD.
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Australia: Barley exports in December increase to 239,766 tonnes
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Australia exported 239,766 tonnes of barley in December, up from 76,482 tonnes in November, according to the latest export figures from the Australian Bureau of Statistics (ABS).
Malting barley exports in December totalled 99,018 tonnes, up from 4,790 tonnes in November, and feed barley shipments also jumped, with bulk shipments to China and Thailand accounting for much of the rise to 140,748 tonnes from 71,692 tonnes over December.
China has been a buyer of Australian barley, both feed and malting, since its anti-dumping investigation into the historic pricing of Australian feed barley started in November 2018.
“In January, the Lachstock shipping stem suggests that Australia has shipped around 223,000 tonnes to Chiina, and looks like it will do a similar volume in February,” Flexi Grain pool manager Lachlan Hume said.
He said Australia’s supply of exportable barley to China has been restricted over the past two seasons due to increase local feed consumption which has driven up the price, making Australian feed barley uncompetitive globally.
Australia last year exported about 2.4 mln tonnes of barley to China, but Mr Hume said the figure is this year expected to drop to more like 1.3 mln tonnes.
“One could argue that the decrease in demand is due to
...More info on site
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Australia: New generation barley variety set to conquer Western Australia grainbelt
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A new generation barley variety has been unveiled and is set to take the Western Australian grainbelt by storm, the Mirage News reported on February 5.
Building on the success of Spartacus CL, Maximus CL boasts improved yields, superior disease resistance and highly desirable physical grain qualities.
Tolerant to imidazolinone herbicides, the variety partners well with canola and creates more flexible and profitable crop rotations with strong malting rates in comparison to other competitors.
This early-to-mid-flowering variety also has improved resistance to spot form net blotch, net form net blotch and scale, along with outstanding grain size and hectolitre weight to aid malt achievement.
The new entrant in the barley arena was bred by InterGrain, in which the State Government is a major shareholder with the Grains Research and Development Corporation.
Maximus CL is currently being tested for malt accreditation and will be bulked up for a commercial release in 2021.
As stated by Agriculture and Food Minister Alannah MacTiernan:
“InterGrain excels at breeding high-yielding cereal varieties that meet market demands and improve the profitability of WA’s legion of grain growers.
“Hailed as ‘the next generation potential malting IMI gladiator’, Maximus CL embodies InterGrain’s reputation for listening to the demands of the supply chain and creating a variety
...More info on site
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World: AB InBev’s CFO Felipe Dutra to be replaced by Ambev CFO Tennenbaum
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Belgium-based beer maker Anheuser-Busch InBev said on February 5 that Chief Financial Officer Felipe Dutra would step down and be replaced by Fernando Tennenbaum, the CFO of its Brazilian unit, Ambev SA, Reuters reported.
Tennenbaum will also join the executive committee of the company that makes Budweiser, Corona and Stella Artois. Dutra, who was CFO for almost 15 years, will remain with the company during a transition period, the company said.
Ambev, Latin America’s largest brewer, said in a statement that its new CFO would be Lucas Lira, who is currently Global VP Finance, M&A of Anheuser-Busch InBev.
Brazil was AB InBev’s second-largest market behind the United States as of late last year and the company saw its volume drop by 3% in that market in the third quarter.
The company has been selling assets and listed its Asian business in Hong Kong in September.
It also named David Almeida as chief strategy and technology officer and Nelson Jamel as chief people officer.
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India: Tribunal allows AB InBev to resume beer sales in New Delhi for now
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A tribunal in New Delhi has put on hold a sales ban imposed last year on Anheuser-Busch InBev, an order seen by Reuters showed, allowing the world’s largest brewer to resume sales of its beer products in the city for now.
Authorities in New Delhi barred AB InBev in July from selling its beer products for three years over allegations related to the evasion of state taxes, which the company had denied. The ban was later reduced to 18 months.
The company’s appeal against the ban was rejected in December by a judge of the Delhi High Court, who directed AB InBev to approach the city tribunal for further relief.
The tribunal issued a one-page order on Feb. 4 saying the ban was being “stayed” as it continues to hear the company’s appeal. The order, a copy of which was seen by Reuters on February 6, did not elaborate on the reasons.
AB InBev continues to argue against the ban saying it must be quashed as the company was not given adequate notice beforehand, according to a source familiar with the matter.
The next tribunal appeal hearing is on Feb. 25, the order said.
An official from the Delhi government said it would continue to defend
...More info on site
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