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E-Malt.com Newsletter 07b
February 18 - February 21, 2021
Quote of the Week
Beer is an improvement on water itself.
Grant Johnson
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Currency Rates
Base Currency: US Dollar
on February 19, 2021 |
Base Currency: Canadian Dollar
on February 19, 2021 |
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1 USD = 0.8287 EUR
1 USD = 0.7184 GBP
1 USD = 1.2694 CAD
1 USD = 1.2881 AUD
1 USD = 105.7500 JPY
1 USD = 5.4183 BRL
1 USD = 73.7762 RUB
1 USD = 6.4686 CNY
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1 CAD = 0.7877 USD
1 CAD = 0.5658 GBP
1 CAD = 0.6527 EUR
1 CAD = 1.0146 AUD
1 CAD = 83.3000 JPY
1 CAD = 4.2679 BRL
1 CAD = 58.1124 RUB
1 CAD = 5.0952 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: 2020-21 barley supply reaches ten-year high
...Click here
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USA: Boston Beer reports increase in Q4 and full-year net revenue and shipments
...Click here
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USA, FL: Miami’s newest brewery Cervecería La Tropical to celebrate grand opening on February 19
...Click here
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USA, GA: Round Trip Brewing launching in Atlanta on February 19
...Click here
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USA, MD: Battery Island Brewing planning to open on March 24
...Click here
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USA, TN: Jackalope Brewing Co. not to reopen its original location in Nashville
...Click here
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Canada, NB: Niche Brewing releases last beer and will be shutting down
...Click here
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Australia: United Malt facing export risks due to global shortage of empty shipping containers
...Click here
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Malaysia: Carlsberg Brewery Malaysia’s net profit falls 44% last year
...Click here
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World: Maltsters and brewers are warned not to wait with their barley purchases
...Click here
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Australia: Asahi to target growth in Australia in lower-alcohol beer category
...Click here
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Malaysia: Heineken Malaysia’s 2020 net profit halves to RM154 mln
...Click here
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Japan: Japan Spirits & Liqueurs Makers Association announces sweeping new regulations for Japanese whisky
...Click here
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EU: Severe cold unlikely to have inflicted significant damage on crops
...Click here
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Namibia: Beer production shoots up in December 2020
...Click here
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World: AB InBev signs for green credit worth $10.1 bln
...Click here
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Ireland: No new varieties added to spring malting barley list for 2021
...Click here
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Malaysia: Heineken Malaysia to embark on rightsizing its costs
...Click here
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Graph of the Week
Table of the Week
EU Malt Exports
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
Aroma Stability in Dry-Hopped Beers
ABSTRACT
This question is on every brewer's mind. How stable is the hop aroma in dry-hopped beers? There are of course two ways to analyse this. You can track the aroma components with
sophisticated GC equipment or collect sensory data over a period of time or both. These Belgian researchers looked into the fate of hop aroma and fermentation compounds. They
compared levels of short chain fatty acids, esters, terpenoids and polyfunctional thiols in bottle-refermented Belgian dryhopped beers before and after 2 years of storage at 20 °C. Except ethyl isovalerate most hop odorants and fermentation esters showed degradation over the 2-year storage period: only 45% - 70% of linalool, geraniol, and ethyl hexanoate and even
less than 40% of polyfunctional thiols, ethyl isobutyrate, and 4ethyl heptanoate were detected after storage compared to initial concentrations. How the dry hopping process affects this degradation was further investigated in model media. Fermentation esters proved to be more strongly impacted in dryhopped than in non-dry-hopped beers because of hop esterase activity. In this context, bottle refermentation is a useful way
to regenerate some flavors and consume packaged oxygen, especially with selected yeast strains able to release free thiols from cysteine and glutathione precursors.
REFERENCES:
Ferreira, C., Collin, S. :Fate of Hop and Fermentation Odorants in Commercial
Belgian Dry-Hopped Beers over 2 Years of Bottle Storage: Key-Role of Oxidation and Hop Esterases, Journal of the American Society of Brewing Chemists;
https://doi.org/10.1080/03610470.2020.1843898
Source: Barth Innovations
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These Days in Business History
18 February
1933 - 1st issue of Newsweek magazine published
1939 - Golden Gate International Exposition opens on Treasure Island
1981 - Chrysler Corporation reports largest corporate losses in U.S. history
19 February
1878 - Thomas Alva Edison patents gramophone (phonograph)
1899 - Cornelius Vanderbilt Whitney, Pan Am Airways (World airways) founder is born
1969 - 1st Test flight of Boeing 747 jumbo jet
20 February
1768 - 1st American chartered fire insurance company opens
1811 - Austria declares bankruptcy
1848 - Edward H. Harriman is born in Hempstead. By age 50 he commands the Union Pacific and Southern Pacific railways, making him one of the most powerful railroad barons in the world
21 February
1914 - The Hong Kong Stock Exchange (formerly the Association of Stock Brokers in Hong Kong) is established
1947 - Edwin H. Land, founder of Polaroid Corp., demonstrates the instant camera to 650 scientists assembled at the annual meeting of the Optical Society of America
1988 - Peter Kalikow purchases New York Post from Rupert Murdoch for $37.6 million
Agenda
February 2021:
23 - 24: IBD Asia Pacific Convention 2021 (Online)
March 2021:
16 - 16: Beviale Mexico 2021 (Online)
16 - 18: Beviale Moscow 2021 (Moscow, Russia)
23 - 23: Beviale Mexico 2021 (Online)
30 - 30: Beviale Mexico 2021 (Online)
April 2021:
12 - 14: Beer & Food Attraction 2021 (Rimini, Italy)
16 - 18: Cerveza Mexico Expo 2021 (Mexico City, Mexico)
16 - 18: Barcelona Beer Festival 2021 (Barcelona, Spain)
20 - 20: EBC Symposium 2021 (Online)
30 - 02 May: Finest Spirits 2021 (Munich, Germany)
May 2021:
12 - 14: Craft Beer China 2021 (Shanghai, China)
17 - 23: Budapest Beer Week 2021 (Budapest, Hungary)
18 - 20: Beer 2021 (Sochi, Russia)
27 - 29: Copenhagen Beer Festival 2021 (Copenhagen, Denmark)
27 - 30: Wiener Bierfest 2021 (Vienna, Austria)
June 2021:
08 - 09: Bev Expo 2021 (Manchester, UK)
13 - 15: Bangkok Brewing Conference 2021 (Bangkok, Thailand)
15 - 17: Brasil Brau 2021 (Sao Paulo, Brazil)
July 2021:
01 - 03: Helsinki Beer Festival 2021 (Helsinki, Finland)
13 - 15: Fdt Africa 2021 (Midrand, South Africa)
August 2021:
06 - 07: Tallinn Craft Beer Weekend 2021 (Tallinn, Estonia)
12 - 14: VIETFOOD & BEVERAGE - VIETNAM 2021 (Ho Chi Minh City, Vietnam)
September 2021:
09 - 12: Craft Brewers Conference & BrewExpo America 2021 (Denver, Colorado, USA)
16 - 18: Zurich Bier Festival 2021 (Zurich, Switzerland)
18 - 03 October: Oktoberfest 2021 (Munich, Germany)
22 - 24: Beer and Soft Drinks Industry 2021 (Kyiv, Ukraine)
October 2021:
04 - 08: Drinktec 2021 (Messe München, Munich, Germany)
07 - 10: Mondial de la Biere 2021 (Montreal, Canada)
13 - 15: Drink Japan 2021 (Makuhari Messe, Japan)
17 - 20: 14th International Trends in Brewing 'Beer & Society' 2021 (Leuven, Belgium)
November 2021:
04 - 05: Sea Brew 2021 (Taipei, Taiwan)
December 2021:
07 - 08: Brewers Congress 2021 (The Brewery, 52 Chiswell Street, London, UK)
February 2022:
11 - 14: HoReCa 2022 (Athens, Greece)
News Articles
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Canada: 2020-21 barley supply reaches ten-year high
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For 2020-21, total barley supply in Canada reached a ten-year high at 11.8 million tonnes (Mt), due to good production, despite low carry-in stocks, Agriculture and Agri-Food Canada said in its February report.
Statistics Canada (STC) reported that total exports of barley for the August-December 2020 period increased by 45% compared to the same period a year ago, including a 62% rise in raw barley grain exports and a 5% drop in barley product exports.
For the entire crop year, total exports are expected to be 3.6 Mt, 18% higher than last year and the highest level since 2008.
Total domestic use increased by 6% for the August-December 2020 period, largely due to a 6%
rise in the volume of animal feed, waste and dockage, in spite of a drop in food use and industrial
use, according to STC. For the entire crop year, total domestic use is expected to increase by 2%, driven by strong feed use. Industrial use is expected to recover to some degree, but will be lower than in 2018-19.
Carry-out stocks for the entire crop year are expected to be at a record low (at 700 thousand tonnes), due to robust exports and solid domestic feed use, despite a good
...More info on site
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USA: Boston Beer reports increase in Q4 and full-year net revenue and shipments
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The Boston Beer Company, Inc. reported fourth quarter 2020 net revenue of $460.9 million, an increase of $159.6 million or 53.0% from the fourth quarter of 2019, mainly due to an increase in shipments of 54.0%.
Net income for the fourth quarter was $32.8 million, or $2.64 per diluted share, an increase of $19.1 million or $1.52 per diluted share, or 135.7%, from the fourth quarter of 2019. This increase was primarily due to increased net revenue, partially offset by lower gross margins and increases in operating expenses.
Earnings per diluted share for the 52-week period ended December 26, 2020 were $15.53, an increase of $6.37, or 69.6%, from the comparable 52-week period in 2019. Net revenue for the 52-week period ended December 26, 2020 was $1.74 billion, an increase of $486.6 million, or 38.9%, from the comparable 52-week period in 2019.
In the fourth quarter and the 52-week period ended December 26, 2020, the company recorded a tax benefit of $0.08 per diluted share and $0.85 per diluted share, respectively, resulting from the Accounting Standard "Employee Share-Based Payment Accounting" ("ASU 2016-09").
Jim Koch, Chairman and Founder of the Company, commented, "As the COVID-19 pandemic slowly winds down, our primary
...More info on site
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USA, FL: Miami’s newest brewery Cervecería La Tropical to celebrate grand opening on February 19
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The highly anticipated Cervecería La Tropical, Miami’s newest brewery, will celebrate its grand opening on Friday, February 19 in the Wynwood Arts District with live music acts throughout the weekend, the FSR magazine reported on February 16.
Embracing the alluring and high-energy spirit of Miami by way of Cuba, Latin America and the Caribbean, La Tropical will feature a state-of-the-art onsite brewing operation, accompanied by a taproom, restaurant and botanical garden, as well as, an ongoing event schedule, art installations and live music stage.
With the aim to become a cultural community center for all of Miami – with the historical beer at its core – La Tropical has an annual brewing capacity of 32,000 hectolitres per year and can house up to 800 craft beer lovers. The brewery will be led by Brew Master Matt Weintraub, who earned his reputation creating award-winning craft beer at the Florida International University Brewing Program. The taproom will offer over 20 handcrafted beers passionately choreographed to create a dance of the senses, ranging from lagers, IPAs, sours, barrel-aged, and ales infused with local ingredients and the brand’s flagship La Original Ambar Lager, whose recipe is inspired by the original dating back to 1888.
The 28,000
...More info on site
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USA, GA: Round Trip Brewing launching in Atlanta on February 19
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Round Trip Brewing is opening Friday, February 19, in Atlanta’s Underwood Hills neighborhood. The 26,000-square-foot brewery located on Seaboard Industrial Boulevard features a taproom and bar with 12 taps, an outdoor beer garden, and an event space, What Now Atlanta reported.
A 15-barrel brewhouse with 30-barrel fermenters and seven-barrel tanks allow CEO and head brewer Craig Mycoskie to create double batches and one-off beers for Round Trip.
Mycoskie, who has an affinity for German-style beers, worked as a brewer for over 12 years in Denver, Forth Worth, and Austin. He volunteered at Atlanta’s SweetWater Brewing Company while attending college in Athens, Georgia, where he met co-owner Amy Mycoskie.
Beer production at Round Trip centers around German beer styles like a dunkel, helles, pilsner, rye alt, and a smoked doppelbock, along with a West Coast IPA. New beers will be added to the lineup each week until all 12 taps are filled. For now, beer is only available for purchase at the brewery in 32-ounce crowler cans and six packs. There are currently no plans to distribute Round Trip’s beers beyond the brewery.
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USA, MD: Battery Island Brewing planning to open on March 24
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A new brewing company is coming to Havre de Grace in March, Patch.com reported on February 17.
Battery Island Brewing reported it is planning to open March 24.
The owners originally hoped to welcome patrons by St. Patrick's Day, but due to some facility issues such as ironing out utilities, the pub had to postpone its projected opening.
Military veterans Kevin Wilson and Kyle Hurst own the business, which will have a handful of original beers on tap — including "The Vermonter," which has five types of American hops — in addition to rotating and seasonal brews as well.
Battery Island Brewing will be at 101a North Washington Street, Havre de Grace, MD 21078.
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USA, TN: Jackalope Brewing Co. not to reopen its original location in Nashville
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One of Nashville’s most popular breweries won’t be reopening one of its locations due to the pandemic, the Nashville Business Journal reported on February 16.
Jackalope Brewing Co. CEO and founder Bailey Spaulding announced on February 15 that the brewery would not be reopening its original location, "The Den", at 701 8th Ave. S., ending its nearly 10-year run.
Instead, the brewery has moved all operations to 429B Houston St. in Wedgewood-Houston. Dubbed “The Ranch,” the space houses a 15,000-square-foot brewing facility, taproom and private event space.
“When Covid hit, we consolidated our business to the Ranch, as it didn’t make sense to have two locations running that close to each other,” Spaulding wrote in a statement posted to the brewery’s Twitter account. “Now we are in the final months of our lease at the Den, and with the state of the world being as it is, it doesn’t make sense to re-open it for such a short period of time.”
The Ranch taproom is open Thursday and Friday 2-9 p.m., Saturday 12-9 p.m. and Sunday 12-6 p.m. Brewery tours are also available for small groups on Saturdays.
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Canada, NB: Niche Brewing releases last beer and will be shutting down
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Just over three years after its launch in the small community of Hanwell just outside of Fredericton, Niche Brewing has announced that has released its last beer and will be shutting down, the Canadian Beer News reported on February 16.
Founded in late 2017 by veteran homebrewers Rob Coombs and Shawn Meek, Niche operated with 2 barrel brewhouse and initially focused on keg sales to local licensees, later expanding to limited edition bottle releases. As per its social media bios, it offered “a variety of beer styles – with the emphasis on sours and Brett beers.”
In a Facebook post announcing the closure, Coombs and Meek said the following:
“While we didn’t rule out the possibility of going bigger, we always knew that there was a good chance that wouldn’t be in the cards, for a number of reasons. This would mean, of course, that as difficult as it would be, Niche would eventually have to close. Unfortunately, that time has come. It’s earlier than we would have liked, but sometimes you’re not able to control everything in life. There wasn’t any one thing that led to this decision, but rest assured that it was not an easy one by any means.
...More info on site
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Australia: United Malt facing export risks due to global shortage of empty shipping containers
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A global shortage of empty shipping containers and freight restrictions, caused by the coronavirus pandemic, are undermining export earnings for some big Australian grain
...More info on site
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Malaysia: Carlsberg Brewery Malaysia’s net profit falls 44% last year
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Carlsberg Brewery Malaysia Bhd said net profit fell 45% in the fourth quarter to RM37.9 mln as Covid-19 restrictions in Malaysia and Singapore to
...More info on site
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Japan: Asahi reports 3% revenue decrease for 2020
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Asahi has reported a 3% revenue decrease, its full-year 2020 results showed, Checkout.ie reported on February 15.
The Japanese beverage group said its core operating
...More info on site
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World: Maltsters and brewers are warned not to wait with their barley purchases
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Barley is a very special item this year. The club of four exporters – Argentina, Canada, France, and Ukraine - has replaced Australia for
...More info on site
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Australia: Asahi to target growth in Australia in lower-alcohol beer category
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In its first full-year results since acquiring Carlton and United Breweries last year, Japan’s Asahi Group was bullish saying it is aiming to target
...More info on site
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Malaysia: Heineken Malaysia’s 2020 net profit halves to RM154 mln
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Heineken Malaysia Bhd posted a 40.58% decline in its net profit to RM54.17 million for the fourth financial quarter ended Dec 31, 2020 (4QFY20),
...More info on site
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Japan: Japan Spirits & Liqueurs Makers Association announces sweeping new regulations for Japanese whisky
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The Japan Spirits & Liqueurs Makers Association has announced a sweeping new set of industry-wide regulations aimed at curbing the spread of products labelled as ‘Japanese whisky’ that are sometimes nothing of the sort, Forbes reported on February 16.
For most of its modern history, Japanese whisky has adopted the opposite approach to the Scots. Where the latter has some of the strictest laws in the world about what is allowed to be called ‘Scotch whisky’, Japanese whiskymakers haven’t had significant regulations on the matter in place until now.
The ongoing supply crisis that has roiled the Japanese whisky industry for years meant that the lack of regulation has led to many companies cutting corners, and pushing the boundaries on what actually constitutes as ‘whisky’ produced in the country. Some tricks include importing Scotch whisky and bottling that as ‘Japanese’, or even mixing imported Scotch with Shochu (a popular spirit drink) and calling that ‘Japanese whisky’. Major Japanese whisky industry figures have previously expressed significant concern about what this means for the future of the industry, and that it might dent the confidence of consumers.
Unlike in Scotland, these new regulations aren’t legally binding but they are a strong show of force from
...More info on site
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EU: Severe cold unlikely to have inflicted significant damage on crops
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Severe cold across Europe in the past week is unlikely to have inflicted significant damage on wheat crops that had built up winter sturdiness
...More info on site
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World: Beam Suntory reports flat results for 2020
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Maker’s Mark owner Beam Suntory reported stagnant net sales for 2020, despite Jim Beam surpassing 11 million cases for the first time, The Spirits
...More info on site
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Namibia: Beer production shoots up in December 2020
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Beer production shoot up in the month of December 2020 from the slump experienced during the lockdown months, according to the Namibia Statistics Agency (NSA).
The latest issue of the Beverage Sectoral Report that incorporated the December 2020 production figures, shows that the country's beer production jumped from 8,6 hectolitres in April to producing 146,3 hl in December.
The report tracks the hectolitres of alcoholic and non-alcoholic beverages produced in the country.
Namibia Breweries and AB InBev Namibia reached the lowest brewing figures in the last six years for the months of April and May.
According to NSA figures, in April 2020, the two breweries' combined production was 8,6 hl of beer but doubled in May, where they produced 16,9 hl.
Production climbed to 63,3hl in June 2020, and continued being under 100 hl until October.
The low production in April and May could be attributed to the ban of alcohol sales during that time to combat the spread of Covid-19.
Beer production for 2020, however, started picking up in October as it went to its usual volume of above 100 hl, and continued the upward trend in November with 126,7 hl before it reached its highest for the year in December with 146,3 hl.
Besides 2020, the
...More info on site
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World: AB InBev signs for green credit worth $10.1 bln
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Leuven-based brewer AB InBev, the world’s largest brewer, has signed up for a so-called green credit worth $10.1 billion (€8.3 bln), the biggest ever undertaken by a listed company in the sector, The Brussels Times reported on February 18.
The credit, officially known as a Sustainability Linked Loan Revolving Credit Facility (SLL RCF) is linked to four main areas of the company’s business: continuing to improve water efficiency in breweries globally; increasing recycled PET [plastic] content in PET primary packaging; sourcing purchased electricity from renewable sources to reach a target of 100% renewables; and reducing greenhouse gas emissions by a minimum of 25%.
The $10.1 billion is only stimulus investment, and is intended to help spur more new investment in the four areas and elsewhere.
“We are excited by the further integration of sustainable finance principles into the capital markets and welcome the opportunity to embed these practices deeper into both our finance organisation and the broader company,” said chief finance officer Fernando Tennenbaum in a statement.
“Our business is closely tied to the natural environment, and it is imperative that we continue to strengthen our leadership in addressing the increasing threats of climate change. Our business and our communities depend on it.”
The new
...More info on site
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Ireland: No new varieties added to spring malting barley list for 2021
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There have been no new varieties added to Ireland’s spring malting barley list for 2021, which was released on 18 February, the Irish Farmers Journal reported.
While malting barley growers may not receive a choice of variety, it is important to keep an eye on the agronomic traits to assist in management decisions throughout the season.
Gangway, Laureate and RGT Planet remain the three recommended varieties and there have been a few changes to agronomic and quality traits.
Laureate and RGT Planet are now level on relative yield scores at 101, while Gangway is at 99.
Planet remains the tallest variety, followed by Gangway and Laureate.
There have been no changes to lodging, breakdown or ripening scores. Gangway still tops the list on these traits.
No changes were recorded on disease resistance scores.
All three are promising on resistance to mildew, while Laureate and Planet have a resistance score of 8 for net blotch and Laureate tops the list on rhynchosporium and brown rust.
There has also been little change to quality characteristics. Gangway is on top for hectolitre weight, while Planet has the lowest screenings at 2%.
It’s worth noting that all protein percentages were very high and well above distilling and brewing specifications.
Planet came
...More info on site
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Malaysia: Heineken Malaysia to embark on rightsizing its costs
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Heineken Malaysia Bhd disclosed on February 18 that it plans to embark on rightsizing its costs, as well as its organisation in line with the plans of its parent company, Heineken NV, to cut 8,000 jobs.
Heineken Malaysia’s managing director, Roland Bala, said he has announced the decision to the company’s staff and will examine every department on how the organisation could be streamlined.
He remarked that the Covid-19 pandemic is the worst-ever experience in living memory, and there is a need to think deeply on how to adapt to the new market reality as Malaysia has been severely impacted given the rotating movement restrictions imposed to curb the spread of infection.
“However, It is not just a matter of rightsizing the organisation, but we will also be looking at how to grow the business as well. In terms of identifying growth opportunities and investing in technology and digital, as the way people connect today is different from what it used to be,” Bala told the media at Heineken Malaysia’s digital press briefing.
He said the rightsizing exercise will be done in phases and it is expected to be completed by the middle of this year.
On Feb 10, Heineken NV announced that it planned
...More info on site
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