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E-Malt.com Newsletter 30b
July 23 - July 26, 2020
Quote of the Week
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Currency Rates
Base Currency: US Dollar
on July 24, 2020 |
Base Currency: Canadian Dollar
on July 24, 2020 |
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1 USD = 0.8629 EUR
1 USD = 0.7855 GBP
1 USD = 1.3395 CAD
1 USD = 1.4032 AUD
1 USD = 107.0200 JPY
1 USD = 5.1519 BRL
1 USD = 71.2230 RUB
1 USD = 7.0016 CNY
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1 CAD = 0.7464 USD
1 CAD = 0.5863 GBP
1 CAD = 0.6441 EUR
1 CAD = 1.0473 AUD
1 CAD = 79.8800 JPY
1 CAD = 3.8454 BRL
1 CAD = 53.1614 RUB
1 CAD = 5.2261 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Boston Beer reports 46% depletions growth in Q2 2020
...Click here
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Canada, ON: Old Flame Brewing planning second location in Newmarket
...Click here
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USA, PA: Trace Brewing expected to open in Bloomfield in September
...Click here
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USA, OH: Braxton Brewing to take over 3 Points Urban Brewery’s taproom space and brewing equipment
...Click here
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USA, FL: South Florida craft breweries reaching to governor for help
...Click here
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USA, TX: Plateau Brewing Company takes next steps to opening in San Angelo
...Click here
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UK: Marston’s says completion of JV with Carlsberg expected in fourth quarter
...Click here
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Australia: New barley crop exports forecast at 3.8 mln tonnes
...Click here
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World: Global craft beer market value expected to reach $186 thousand by 2025
...Click here
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EU: Polish, Scandinavian, Baltic barley crops look good this season
...Click here
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UK: Survey shows people consumed beer more frequently during lockdown
...Click here
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UK: Midhope Castle Distillery submits planning application
...Click here
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Graph of the Week
Table of the Week
Black Sea Barley Supply & Demand Balance
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
23 July
1829 - William Burt patented a forerunner of the typewriter
1886 - Gottlieb Daimler (1834-1900) invented the car
24 July
1847 - Richard M. Hoe patented the rotary type printing press, NYC
1938 - Instant coffee invented
1987 - IBM-PC DOS Version 3.3 (updated) released
25 July
1946 - 1st bikini is shown at a Paris fashion show
1978 - The world's first test-tube baby, Louise Joy Brown, was born in Lancashire, England
1984 - Cosmonaut Svetlana Savitskaya became 1st woman to walk in space
26 July
1656 - Rembrandt declares he is insolvent
1835 - 1st sugar cane plantation started in Hawaii
1908 - FBI founded
Agenda
July 2020:
29 - 31: Beviale Mexico 2020 (Guadalajara, Mexico)
30 - 01 August: Korea International Beer Expo 2020 (Seoul, South Korea)
September 2020:
02 - 05: Expo Trade, Brewers Conference & Mar del Plata Beer Week 2020 (Mar del Plata Argentina)
03 - 05: Zurich Bier Festival 2020 (Zurich, Switzerland)
05 - 05: Copa Cervezas de America 2020 (Award Ceremony) (Mar del Plata, Argentina)
11 - 13: Mondial de la Biere - Paris 2020 (Paris, France)
14 - 25: Craft Brewing Online 2020 (Online)
18 - 08 October: WBC Connect 2020 (Online)
24 - 26: Stockholm Beer & Whisky Festival 2020 (Stockholm, Sweden)
October 2020:
02 - 03: Stockholm Beer & Whisky Festival 2020 (Stockholm, Sweden)
08 - 11: Mondial de la Biere 2020 (Montreal, Canada)
13 - 16: China Brew & China Beverage (CBB) 2020 (Shanghai, China)
14 - 16: Expo Antad & Alimentaria Mexico 2020 (Expo Guadalajara, Mexico)
16 - 17: Great American Beer Festival 2020 (Online)
19 - 20: Planete Biere 2020 (Paris, France)
21 - 24: Beer 2020 (Sochi, Russia)
23 - 25: Cerveza Mexico Expo 2020 (Mexico City, Mexico)
26 - 28: VLB Brewing Conference 2020 (Leipzig, Germany)
29 - 30: Sea Brew 2020 (Taipei, Taiwan)
November 2020:
04 - 07: VIETFOOD & BEVERAGE - VIETNAM 2020 (Ho Chi Minh City, Vietnam)
10 - 12: Brau Beviale 2020 (Nuremberg, Germany)
11 - 11: European Beer Star 2020 - Award Ceremony & Winners' Night (Munich, Germany)
13 - 14: Beervana 2020 (Wellington, New Zealand)
18 - 22: Mondial de la Biere Rio 2020 (Rio de Janeiro, Brazil)
18 - 18: Brussels Beer Challenge 2020 (Brussels, Belgium)
25 - 27: Drink Japan 2020 (Tokyo, Japan)
December 2020:
09 - 11: Drink Technology India 2020 (Mumbai, India)
March 2021:
23 - 25: Beviale Moscow 2021 (Moscow, Russia)
May 2021:
17 - 23: Budapest Beer Week 2021 (Budapest, Hungary)
June 2021:
13 - 15: Bangkok Brewing Conference 2021 (Bangkok, Thailand)
15 - 17: Brasil Brau 2021 (Sao Paulo, Brazil)
July 2021:
13 - 15: Fdt Africa 2021 (Midrand, South Africa)
News Articles
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USA: Boston Beer reports 46% depletions growth in Q2 2020
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Boston Beer Company reported second-quarter depletions (sales-to-retailers) growth of 46% and shipments (sales-to-wholesalers) growth of 39.8% during the second quarter of 2020, according to financial results shared after the end of trading on July 23, Brewbound reported.
Through the first 26 weeks of 2020, Boston Beer posted depletions (+43% percent) and shipments (+36.5% percent) growth due to its Truly Hard Seltzer and Twisted Tea brands. The company has shipped about 3.3 million barrels year-to-date through June 27 — 1.9 million barrels of which shipped in Q2.
“We achieved depletions growth of 46% in the second quarter, of which 42% is from Boston Beer legacy brands and 4% is from the addition of Dogfish Head brand,” Boston Beer founder Jim Koch said in a press release. “I am tremendously thankful for the efforts of our coworkers in achieving our ninth consecutive quarter of double-digit growth, while maintaining a focus on quality and innovation.”
Boston Beer is now projecting full-year 2020 shipments and depletions growth between 27% and 35%.
Boston Beer CEO Dave Burwick added that the company’s depletions growth was due to the Truly Hard Seltzer, Twisted Tea and Dogfish Head Craft Brewery brands. Helping accelerate Truly’s growth was the launch of Truly Hard Lemonade.
“Since
...More info on site
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Canada, ON: Old Flame Brewing planning second location in Newmarket
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Six years after opening in the small town of Port Perry in Ontario’s Durham Region, Old Flame Brewing has announced plans to establish a second location in Newmarket’s historic Old Fire Fall, a building that was interestingly the original space that owner Jack Doak had considered for the brewery, Canadian Beer News reported on July 23.
As described in a press release announcing the expansion:
Doak first sought The Old Fire Hall, one of Main St.’s landmark properties, when beginning to conceptualize the idea of Old Flame Brewing Company. The 5,000 square foot property was constructed in 1952 and was occupied as a fire hall for the majority of its lifespan. The Old Fire Hall is located in close proximity to key cultural sites, community facilities, shops and restaurants. Despite the plans, the building was ultimately deemed unfit for occupancy at the time. The dream of Old Flame Brewing Co. was seemingly put on hold, until Doak turned to his attention to a small town he’d grown to have a deep connection with, Port Perry.
“Fate brought us to Port Perry, and we can’t help feel like it is fate once again now that we are back at The Old Fire Hall in
...More info on site
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USA, PA: Trace Brewing expected to open in Bloomfield in September
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From the outside, the building appears small and unassuming, but the folks behind Trace Brewing have big plans for 4312 Main St., in Bloomfield, NEXTpittsburgh reported on July 23.
The 5,800-square-foot space boasts cathedral ceilings, exposed brick and large, glass block windows that bathe the site in natural light. The brewery is expected to open in September.
The structure was built in 1910 as a brass and bronze foundry. Over the years, it morphed into a film developing studio and a punk rock concert venue called The Shop. That history will be incorporated into the décor.
“Every piece of wood or drip of paint tells a story,” says Dave Kushner, co-founder of Trace Brewing. “There’s even a set list written on the wall. They made industrial products here and later it served as a community space. We’re combining those two elements.”
Guests will not only be able to see and smell the 10-barrel brewing system, they can chat with Head Brewer Brandon McCarthy while he works to churn out more beer.
“We’re more like a small-batch brewery,” McCarthy says. “If you like beer at all there will be at least one thing that is on your wavelength.”
Those 21 and over who have an interest in
...More info on site
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USA, OH: Braxton Brewing to take over 3 Points Urban Brewery’s taproom space and brewing equipment
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Braxton Brewing has agreed to take over the taproom space and brewing equipment vacated by 3 Points Urban Brewery in Cincinnati, Ohio, Brewbound reported on July 22.
Slated to open later this summer, the location would be Braxton’s first location outside of its home state of Kentucky and fourth taproom space.
“It’s incredible to finally have a location and a home in Cincinnati proper,” Braxton co-founder and CEO Jake Rouse said in the release. “Since we’ve opened our doors, we have always felt we had two homes — one in Covington and one in Cincinnati. Now, we actually do.”
Braxton, which was founded in 2014, is headquartered in Covington, Kentucky, on the southern banks of the Ohio River across from Cincinnati, and operates taprooms in Covington, Bellevue and Fort Mitchell, Kentucky. The new space will give Braxton a brick-and-mortar presence in downtown Cincinnati, and a location in the Pendleton section of the city’s Over-the-Rhine neighborhood.
“Since we first began the Braxton journey in 2015, we’ve witnessed the growth of the Over-the-Rhine area and have enjoyed spending time at a number of restaurants and bars across the river,” Braxton wrote in a blog post. “We couldn’t be more excited to now have the opportunity to
...More info on site
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USA, FL: South Florida craft breweries reaching to governor for help
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South Florida craft breweries are reaching out to Gov. Ron DeSantis for help. They say if they can't open up their tap rooms soon and start selling to restaurants, they are going under, WPLG Local 10 reported on July 22.
About 100 microbreweries across the state are desperate to save their suds.
Yonathan Ghersi, the owner of 26 Degree Brewing in Pompano Beach, said he feels as if businesses like his have been singled out.
His business is a 21,000 square foot brewery with a tap room.
Last week, he furloughed 7 people. " . . . Front of house and back of house. Our brewery production team has also taken salary cuts."
Breweries that aren’t licensed to serve food are not allowed to open since COVID-19 shutdowns, but restaurants with bars are?
“What is the difference between having a plate of fries next to your beer or just having a beer at your table? Does the plate of fries automatically make it that you can’t catch COVID?” Ghersi asked.
In an open letter to DeSantis and Department of Business and Professional Regulation (DBPR) Secretary Halsey Beshears posted on Facebook, the Florida Brewers Guild (FBG) said restricting operations to “to-go only” is unsustainable for the state’s 320
...More info on site
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USA, TX: Plateau Brewing Company takes next steps to opening in San Angelo
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Plateau Brewing Company takes next steps to opening by installing equipment, the San Angelo Standard Times reported on July 23.
Plateau Brewing Company will be at 212-214 S. Chadbourne St. with the brew floor at 212 and the taproom at 214. The building was constructed in 1905 and has served as both a deli and barber shop.
Brewing equipment was delivered Thursday, July 23, 2020, getting the business a step closer to opening.
Michael Choate, general counsel and one of four partners, said they have not selected a firm opening date, but hope to open this year.
"We are definitely on schedule," Choate said. "Things are definitely moving forward and we are absolutely still coming to San Angelo."
Choate said the next step is getting the equipment hooked up and getting familiar with the products.
Amid COVID-19, Choate said the partners have been looking at no-contact transactions such as online ordering and pick-up.
Apart from a couple investors backing out, Choate said they have not been set back due to the pandemic.
"We are in an economic crisis, but we still have a committed group of investors," Choate said. "I count myself and the business lucky. At a time where people are
...More info on site
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UK: Marston’s says completion of JV with Carlsberg expected in fourth quarter
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Marston's PLC said on July 23 that the completion of a brewing joint venture it has agreed to form with Carlsberg A/S is now
...More info on site
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Australia: New barley crop exports forecast at 3.8 mln tonnes
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Australia’s new-crop barley exports have been forecast at 3.8 million tonnes, up from 3.2 mln tonnes in 2019-20, according to the July report from
...More info on site
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World: Global craft beer market value expected to reach $186 thousand by 2025
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The global craft beer market was valued at $108,912 million in 2018 and is projected to reach $186,590 million by 2025, growing at a CAGR of 8.0% from 2018 to 2025. The rise in demand for different types of craft beers drives the growth of the global craft beer market, Trend Market Research analysts said.
In past decade, there has been a surge in the worldwide consumption of beer. According to the Brewers Association, beer represents nearly 75% of the global market share of alcoholic beverages with India, China, the U.S., Brazil, Russia, Germany, and Mexico being the key markets. When it comes to craft beer, Europe and North America are the dominant markets. These regions have witnessed rise in demand for different types of craft beers such as porter, stout, brown ale, lager, and cream ale. As a result, these regions play an important role in the growth of the market, in terms of value.
However, over consumption of beer causes many health hazards such as high blood pressure, heartburn, and intoxication. It also increases sugar level of the consumers. Furthermore, drinking inadequately distilled alcoholic beverages can lead to severe health disorders and death in few cases. Imposing high taxes on
...More info on site
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EU: Polish, Scandinavian, Baltic barley crops look good this season
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Polish barley crops look good after sufficient rainfalls during spring. In July/May 2019/20, Poland imported 125,000 tonnes of barley via seaports, probably 150,000 tonnes
...More info on site
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UK: 2020 a challenging season for winter barley
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The Agriculture and Horticulture Development Board (AHDB) in the UK has described 2020 as a challenging season for winter barley.
According to data from the recommended list trials carried out by the AHDB, yield results from control varieties are down 0.95t/ha on the five-year average.
Data compiled so far this season by the AHDB and released on July 22 show that the average yield of the control varieties was 8.82t/ha.
Yields varied in the different regions and results showed that average yields were at 10.78t/ha in Hampshire and 6.84t/ha in Lincolnshire.
On the varieties front, the six-rows were performing well and at relative yields of above 105%.
However, many of the two-row varieties were also performing well on the relative yield score. LG Mountain had a rating of 106, while a variety familiar to Irish growers, KWS Tower, currently has a relative yield score of 103 for the season so far.
Another variety familiar to growers in Ireland is Craft which is used for malting. It currently has a yield rating of 94 for the season so far in the UK.
The relative yields of the two-row malting varieties Electrum (96), SY Venture (96) and Craft (94) are all under 100 (the average of the control varieties)
...More info on site
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UK: Survey shows people consumed beer more frequently during lockdown
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Months spent in lockdown significantly shifted the way many people consumed and brought beer in the UK, according to a recent survey.
The study carried out by Brew//LDN and KAM Media, highlighted that, during lockdown, respondents have been drinking beer more frequently, sourcing beer from different channels, broadening their repertoire of beers and even embracing brand new online drinking occasions. Despite this, the actual number of beers being consumed has remained stable overall.
An impressive 46% of respondents bought beer direct from a brewer for the first-time during lockdown. 87% said they plan to continue post-lockdown signifying a potentially huge shift in the way purchase their beer with considerable impacts for both the off and on-trade.
Beer enthusiasts have also been pro-actively broadening their beer repertoire with 57% of respondents saying they are now more interested in searching out unique beers than they were pre-lockdown. 47% of respondents said they’ve been seeking out more premium options.
Katy Moses, MD of KAM Media commented: “Lockdown has provided beer enthusiasts with the opportunity to develop their ‘hobby’ further by exploring new, unique and interesting beers. Many have not only increased their repertoire of beers, but they’ve also been sourcing them from new and different channels, such
...More info on site
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UK: Midhope Castle Distillery submits planning application
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Plans have been submitted for a new whisky distillery on the Hopetoun estate in South Queensferry, Scotland, the East Lothian News reported on July 22.
If approved, the Midhope Castle Distillery will become one of a small number of single malt distilleries in the Lothians.
Others include Glenkinchie in Tranent, and Chain Pier, Bonnington and Holyrood in Edinburgh.
A planning application has been submitted to West Lothian council for the development, which will sit adjacent to the 16th century Midhope Castle.
It is intended that the distillery will also include a long-term plan to restore the castle, which is currently an empty shell, and bring it and its grounds back into use.
The distillery would use only barley grown on the Hopetoun Estate, which already has a long tradition of growing and supplying malting barley to the Scottish whisky trade.
The company also intends to focus on environmental sustainability, with the aim of reducing its production carbon footprint to a minimum.
The project is being delivered by Currie & Brown, using Edinburgh-based 56three Architects.
A spokesperson for the Midhope Castle Distillery Company said: “We will set out to design and build a distillery that makes great whisky while addressing sustainability through every element of its architecture, its construction
...More info on site
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India: Barley prices may slip to 7-year low
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There seems to be no end in sight to the slide in barley prices over the past six months in India. Next month, prices are set to fall another 10-12% to a seven-year low of 1,090-1,100 rupees per 100 kg, Cogencis reported on July 22.
Weak demand, especially from malt makers, due to the nationwide lockdown to stem the spread of the novel coronavirus, high domestic stock, and delayed imports have come together to drive prices to multi-year lows.
In the benchmark market of Jaipur, barley is currently quoted at 1,250 rupees per 100 kg.
The decline in prices has been relentless, with a fall of 70-80 rupees in the last fortnight alone. This is a far cry from a decade ago, when prices of the coarse grain had hit a record high of 2,175 rupees per 100 kg. A year ago, barley was being sold at 1,825 rupees per 100 kg.
Tracking the weakness in the benchmark market, barley contracts on the National Commodity & Derivatives Exchange are likely to extend their fall in the next four-five weeks, and may trade at 1,300-1,350 rupees per 100 kg, analysts said. Today, the most-active August contract was at 1,400 rupees per 100 kg.
Chandra Bhan, owner
...More info on site
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