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E-Malt.com Newsletter 16a
April 14 - April 16, 2014
Quote of the Week
"All happiness depends on courage and work."
Honore de Balzac
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Currency Rates
Base Currency: US Dollar
on April 16, 2014 |
Base Currency: Canadian Dollar
on April 16, 2014 |
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1 USD = 0.7241 EUR
1 USD = 0.5981 GBP
1 USD = 1.0983 CAD
1 USD = 1.0660 AUD
1 USD = 101.8290 JPY
1 USD = 2.2244 BRL
1 USD = 36.0841 RUB
1 USD = 6.1787 CNY
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1 CAD = 0.9107 USD
1 CAD = 0.5446 GBP
1 CAD = 0.6594 EUR
1 CAD = 0.9708 AUD
1 CAD = 92.7317 JPY
1 CAD = 2.0257 BRL
1 CAD = 32.8605 RUB
1 CAD = 5.6267 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Molson Coors and Miller Brewing back to court in battle over Canadian distribution of several Miller beer brands
...Click here
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USA, IA: Legislation allowing stronger beers boosts craft breweries presence in Iowa
...Click here
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USA, NC: At least five craft breweries working to open this spring and summer in Wilmington
...Click here
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USA, SD: Barley and wheat plantings lag behind the average pace
...Click here
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USA, SC: Lawmakers may soon consider loosening restrictions on breweries
...Click here
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USA, DE & TN: Delaware-based Dogfish Head Beer coming back to Tennessee
...Click here
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World: Beer sales variable, Brazil, US, and Germany post positive results for January-February
...Click here
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World: SABMiller reports increases in revenue and lager volumes in the year to 31 March 2014
...Click here
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EU: Relatively cheap malting barley price seen as ‘anomalous’ - experts
...Click here
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Russia & Ukraine: Grain shipments undisturbed by political events so far
...Click here
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Ethiopia: Heineken awaiting 700 mln birr loan approval - report
...Click here
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Australia: Barley industry to compensate for declining domestic beer consumption by increasing exports
...Click here
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India: Molson Coors Cobra India launces new strong beer
...Click here
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World: Wheat prices soar on fresh tensions in Ukraine
...Click here
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Bulgaria: Members of Union of Brewers in Bulgaria invest BGN 264 mln in 5 years
...Click here
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UK & India: Diageo offers $1.9 bln to hike its stake in United Spirits
...Click here
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South Korea & China: Korean beer exports to China aided by interest in Korean drama series
...Click here
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World: The Brewers Association announces the 2014 World Beer Cup Awards winners
...Click here
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Japan: Kirin Brewery to offer premium version of its Ichiban Shibori beer
...Click here
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Belarus: The State Control Committee suggest using economic levers in respect to Heineken
...Click here
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Graph of the Week
Table of the Week
World Hop Alpha Acid Supply and Demand 2002 - 2013f
Prices Evolution
Barley Prices
Canadian Malting and Feed Barley Prices
US Malting and Feed Barley Prices
French Malting and Feed Barley Prices
Theoretical Malt Prices
Canadian Malt Prices
US Malt Prices
Theoretical EU Malt Prices
Scientific Digest
Are hops the solution to gushing?
ABSTRACT
Wouldn't it be great to have a solution to gushing made of
a raw material that goes into beer anyway? Well, hops
possibly contain what we are looking for. These Belgian
researchers tested a hop-based antifoam (normally used
during fermentation to increase tank capacity by
surpressing foam development) to evaluate its gushing
surpressing properties. Though the hop anti-foam tested
very successfully in a model solution and also in wort, when
tested in gushing positive beers the gushing surpressing
activity was not confirmed. The composition of the hop aid
antifoam might explain why it can be effective, since it is a
combination of saturated and unsaturated, long and rather
short fatty acids. The theory is that because hop antifoam
molecules are hydrophobic, they interact with hydrophobins
(proteins made responsible for gushing through the
creation of microbubbles) and therefore inhibit the
development of the gushing inducing microbubbles. Still
many questions are not answered and this project will
continue.
Read more
Source: Barth Innovations
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These Days in Business History
April 14
1863 William Bullock patents continuous-roll printing press
1900 President Loubet opens International Fairs in Paris
1987 Turkey asks to join European market
April 15
1892 General Electric Company, forms and is incorporated in New York
1952 Franklin National Bank issues 1st bank credit card
1973 Walt Disney Store opens
April 16
1948 Organization for European Economic Cooperation (EEC) forms in Paris
1986 IBM produces 1st megabit-chip
Agenda
April 2014:
07-08: World Beer Cup 2014 (Denver, USA)
08-11: Craft Brewers Conference 2014 (Denver, USA)
13-17: Trends in Brewing 2014 (Ghent, Belgium)
22-24: Pivovar (Brewer) 2014 (Moscow, Russia)
26-27: Zythos Beer Festival 2014 (Leuven, Belgium)
May 2014:
21-24: Pivo (Beer) 2014 (Sochi, Russia)
21-24: South Beer Cup 2014 (Belo Horizonte, Brazil)
22-24: Copenhagen Beer Festival 2014 (Copenhagen, Denmark)
23-25: Latviabeerfest 2014 (Riga, Latvia)
June 2014:
11-15: Mondial de la Biere 2014 (Montreal, Canada)
August 2014:
12-16: Great British Beer Festival 2014 (London, UK)
September 2014:
08-11: Worldwide Distilled Spirits Conference 2014 - IBD Scottish Section (Glasgow, UK)
25-27: Drink Technology India 2014 (Mumbai, India)
October 2014:
13-16: China Brew and Beverage 2014 (Beijing, China)
November 2014:
11-13: Brau Beviale 2014 (Nuremberg, Germany)
12-14: Vietbrew 2014 (Ho Chi Minh City, Vietnam)
More events are available on site www.e-malt.com
News Articles
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Canada: Molson Coors and Miller Brewing back to court in battle over Canadian distribution of several Miller beer brands
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Molson Coors and Miller Brewing Co. are heading back to court in their battle over the Canadian distribution rights for several bands of Miller beer after talks to reach an out-of-court settlement fell through, The Canadian Press reported on April 15.
The dispute between Molson Coors and Miller Brewing Co. follows an attempt by Miller to terminate its longtime Canadian licensing agreement with Molson Coors.
“The parties have been engaged in settlement discussions but have been unable to reach a settlement at this time,” a spokesman for Molson Coors said in a brief email statement on April 15.
“Therefore, we are asking the court to schedule a trial date for the matter to be heard.”
The talks followed a legal skirmish last June when an Ontario court issued a temporary injunction blocking Miller from terminating the agreement, which covers such well-known brands as Millers Genuine Draft, Miller Lite and Miller High Life.
Miller has said it wants to develop the brands in Canada on its own. It intended to terminate the agreement with Molson Coors effective July 22, saying it had given the required six-month notification.
However, Molson Coors Canada filed suit to prevent the move, saying it planned on “strongly defending our rights to
...More info on site
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USA, IA: Legislation allowing stronger beers boosts craft breweries presence in Iowa
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The beer business is changing and growing in Iowa.
More and more breweries are opening their doors to patrons who want to try unique craft beers. Eastern Iowa, alone, has seen quite the explosion of new breweries, kcrg.com reported on April 13.
"We went through eight to ten kegs of beer a day for the first week,” said Lion Bridge Brewing Company’s Quinton McClain.
Lion Bridge Brewing Company opened about a month ago. Owner and Head Brewer Quinton McClain is mixing up unique recipes for beer lovers.
"It's called Workman's Compensation. It's a dark mild, which is a British style of beer,” McClain said.
Down the road in Solon, Big Grove Brewery is also making a name for itself.
"We opened on August 29, right before Labor Day weekend,” said Big Grove Brewery’s Doug Goettsch.
Goettsch said the new Solon hot-spot has as many as eight of its own beers on tap at a time.
"We always have our West Main Wheat. That's kind of Solon's Beer,” Goettsch said.
The man behind the taste is Head Brewer Bill Heinrich.
"This is the Arms Race. So it's a double brew today,” Heinrich said on a busy brew day.
Up in Manchester, the scene is a bit quieter. That will change very
...More info on site
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USA, NC: At least five craft breweries working to open this spring and summer in Wilmington
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Wilmington is about to become a beer connoisseur's heaven, with at least five new craft breweries working in various stages to open this spring and summer, The Associated Press reported on April 15.
The new businesses will join the long-standing craft brewer Front Street Brewery downtown at 9 N. Front St.
Wilmington is joining a trend that has brought just over 100 craft breweries to the state, with 30 in the planning stage, according to Margo Knight Metzger, executive director of the five-year-old, independent N.C. Craft Brewers Guild.
The breweries' value is not lost on Wilmington officials.
The city's interdepartmental Brewery Initiative Project Team, in existence since July, is working with Wilmington Business Development to help attract Stone Brewing Co.'s East Coast production facilities. Using 2012 barrel counts, the company is the nation's 10th largest craft brewer, according to the Brewers Association, a national trade group for craft brewers.
WBD has responded to a request for proposals from San Diego-based Stone, pushing vacant land near the airport as a suitable site for its brewery.
"The focus of our team initiative has been on craft brewers, especially local," said Phil Prete, a senior planner with the city. "Our primary interest is in the microbrewery or small regional
...More info on site
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USA, SD: Barley and wheat plantings lag behind the average pace
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Planting of spring wheat and barley is lagging behind the average pace in South Dakota, The Associated Press reported on April 15.
The Agriculture Department says in its weekly crop and weather report that 6 percent of the state’s spring wheat crop is in the ground, compared to 22 percent on average. Only 1 percent of barley is seeded, behind the long-term average of 13 percent. Seeding of oats is equal to the average pace, with 23 percent planted.
Soil moisture is good across the state, with topsoil supplies rated 84 percent adequate to surplus and subsoil supplies rated 85 percent in those categories.
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USA, SC: Lawmakers may soon consider loosening restrictions on breweries
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South Carolina lawmakers soon may consider loosening restrictions on breweries in an effort to draw job-producing beermakers like Stone Brewing Co. to the state, The Post and Courier reported on April 15.
The Escondido, Calif.-based craft brewery, the 10th largest of its kind in the United States, plans to expand its operation to the East Coast this year - a move that promises to bring nearly 400 jobs and a $29 million investment to the host city that lands it.
Charleston County is reportedly to be angling for the investment. Published reports suggest a host of other communities east of the Mississippi also are seeking to win the deal, including Greenville, Myrtle Beach, Lexington County, Asheville, Charlotte, Greensboro and a host of other communities from Pennsylvania to Tennessee.
But South Carolina's current laws on brewpubs and breweries could put the state at a disadvantage, which is why some state lawmakers, such as Sen. Sean Bennett, R-Summerville, are drafting a bill that would loosen the restrictions.
Basically, the measure would rework the current definitions of the law so that breweries could function as brewpubs, allowing them to operate on-site restaurants that serve beer they and others produce. Brewpubs, currently limited to producing no more than
...More info on site
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USA, DE & TN: Delaware-based Dogfish Head Beer coming back to Tennessee
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Delaware-based brewery Dogfish Head Beer is bringing its products to Tennessee, first to Chattanooga and Memphis, with plans to fill out the entire state in coming months, Nooga.com reported on April 15.
Last summer, the brewery's leaders announced that they were coming back to states that they pulled out of in 2011, including Tennessee.
"We did a ton of research before moving forward to come back to Tennessee," Dogfish head founder and President Sam Calagione said in a prepared statement.
"We wanted to make sure we had the right partners, and I’m excited that we’ll be working with Bud of Memphis and Carter Distributing in Chattanooga," he said.
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World: Beer sales variable, Brazil, US, and Germany post positive results for January-February
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Beer sales in early 2014 were variable, depending on outside factors in parts of the world, official data showed.
Declining beer sales in Russia
...More info on site
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World: SABMiller reports increases in revenue and lager volumes in the year to 31 March 2014
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SABMiller plc on April 15 issued an update on trading for the 12 months ended 31 March 2014.
Group net producer revenue (NPR) for
...More info on site
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UK: Alcohol consumption down 18% since 2004
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UK alcohol consumption per head fell again in 2013, new figures show. This is the seventh year in the past nine that there has
...More info on site
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EU: Relatively cheap malting barley price seen as ‘anomalous’ - experts
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The relatively cheap price of malting barley left from last year's harvest appears anomalous, despite the large stocks still left to use, Evergrain said,
...More info on site
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World: Scotch whisky exports remain strong in 2013
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Scotch whisky exports remained strong in 2013, and Single Malt continued to increase in popularity, according to figures published April 11 by the Scotch
...More info on site
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Hungary: Beer sales and output decline in 2013
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Beer sales dropped 4.45% year-on-year in 2013, according to statistics compiled by the Association of Hungarian Brewers from top domestic producers, and output was
...More info on site
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Russia & Ukraine: Grain shipments undisturbed by political events so far
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The Russian “acquisition” of the Crimea has neither disturbed grain shipments nor spring seeding in the area – so far, industry analysts said in
...More info on site
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Ethiopia: Heineken awaiting 700 mln birr loan approval - report
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Nearing the completion of a new Greenfield factory in the capital of Ethiopia, Heineken is awaiting the Commercial Bank of Ethiopia (CBE) to approve
...More info on site
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Australia: Barley industry to compensate for declining domestic beer consumption by increasing exports
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Barley growers shouldn't worry that Australians have lost their thirst for beer, ABC.net reported on April 16.
Earlier this month the Australian Bureau of Statistics
...More info on site
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India: Molson Coors Cobra India launces new strong beer
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Molson Coors Cobra India brewery has launched a strong beer, Royal Brew, within months of bringing in British beer Carling, continuing to widen its product range aggressively in a high potential market, Economic Times reported on April 14.
The joint venture between US-based Molson Coors Brewing Company and the Cobra Indian Beer already markets two strong beer brands, King Cobra and Iceberg 9,000, besides Cobra premium beer, all brewed in its plant near Patna. It imports Carling.
"Our experience of the Indian market says that the consumer here prefers hard liquor over light. We have been facing competition from hard liquor such as whiskey. So we decided to launch a product in the strong beer segment," Peter H Coors, chairman at Molson Coors Company, said.
He said the strong beer would cater to customer demand in Bihar, Punjab, Haryana, Bengal and Delhi.
After the stagnation of growth in developed markets such as the US and the UK, Molson Coors plans to shift its focus to emerging markets. "Favorable demographics, coupled with increasing focus of foreign brewers on product range and rising social acceptance of alcohol are expected to enable beer demand to grow swiftly in years to come," Coors said. He said the Indian
...More info on site
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World: Wheat prices soar on fresh tensions in Ukraine
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Wheat prices soared 4% as fresh tensions in Ukraine compounded concerns over dryness holding back the US winter crop, Agrimoney.com reported on April 14.
Monday, April 14 had been awaited with some anticipation by investors as it will bring, after the close of Chicago trading, the release of the first US Department of Agriculture assessment on progress of US corn planting, which has been slowed by cold and wet weather in the Midwest, particularly in eastern parts.
Kiev has threatened military action if the protestors failed to leave. However, Russia, which has a mass of troops in the east Ukraine border, has urged Kiev not to use force.
But the data event was overshadowed in early deals by the revival of concerns over the Ukraine crisis, after a deadline set by Kiev for pro-Russian activists to leave government buildings they are occupying in eastern Ukraine expired at 07:00 UK time (01:00 Chicago time).
With the assistant UN secretary general warning that Ukraine "teeters on the brink", the impact on grain markets, and in particular wheat, was predictable.
The Black Sea region is a huge source of wheat exports, with Ukraine the third-ranked corn exporter too, and there are concerns that the turmoil could affect production
...More info on site
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Bulgaria: Members of Union of Brewers in Bulgaria invest BGN 264 mln in 5 years
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Union of Brewers in Bulgaria invested BGN 264 mln over the past 5 years, Focus reported on April 14.
“Investments made by the members of the Union of Brewers in Bulgaria over the past five years amount to BGN 264 million,” said Ivana Radomirova, executive director of the Union of Brewers in Bulgaria in an interview.
According to Radomirova, only in 2013 the investments made by the union’s members are estimated at BGN 56,504,000.
“These are investments in long-term material assets, which secured improvement and modernisation of the existing capacities and technologies for beer and malt production in the sector,” Radomirova remarked.
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UK & India: Diageo offers $1.9 bln to hike its stake in United Spirits
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Diageo Plc of the UK on April 15 offered to pay Rs 11,448 crore (around $1.9 billion) to hike its stake in United Spirits Ltd in a second attempt to tighten its grip in India’s leading liquor company, The Financial Express reported.
The world’s largest spirits maker, which holds 28.8 per cent of USL and has management control, has offered to acquire another 26 per cent of USL for Rs 3,030 per share, aiming to boost its shareholding to as much as 55 per cent. This is more than double of Rs 1,440 per share it offered USL shareholders in its last open offer in November 2012.
Diageo’s tender offer to buy shares at a premium of 18.5 per cent to their last closing price sent the USL stock surging by 11.58 per cent to Rs 2,853.15 on the BSE on April 15. If the offer becomes successful, Diageo’s investment would cross Rs 18,000 crore.
USL was previously controlled by Vijay Mallya, who has shed assets under heavy debt and the collapse of his Kingfisher Airlines Ltd. However, he remains chairman of United Spirits but the management of the company is under Diageo. Mallya’s UB Group owned 10.46 per cent of United Spirits
...More info on site
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South Korea & China: Korean beer exports to China aided by interest in Korean drama series
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Korean beer exports to China have shot up over the past year with analysts attributing the spike to the popularity of Korean drama series in Asia's largest economy, Arirang News reported on April 14.
Korea's Ministry of Agriculture, Food and Rural Affairs says beer exports in March rose by over two-hundred percent compared to the same period last year, to over one-million U.S. dollars.
A ministry official says the growth was driven by the popularity of home delivered fried chicken and beer sets that were popularized by a recent Korean drama show.
Meanwhile, total agricultural exports to China last month jumped nearly seven-and-a-half percent from the same month last year.
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World: The Brewers Association announces the 2014 World Beer Cup Awards winners
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The Brewers Association (BA) announced on April 11 the results of one of the largest commercial beer competitions to date, the 2014 World Beer Cup Awards. The awards were presented at the conclusion of Craft Brewers Conference & BrewExpo America® in Denver, Colo.
Drawing the highest number of entries to date, this edition of the World Beer Cup saw 4,754 beers from 1,403 breweries representing 58 countries—a 21 percent increase in the number of entries from the 2012 World Beer Cup, which had 3,921 entries.
Brewers from five continents earned awards from an elite international panel of judges at this tenth biennial competition, with brewers from 22 countries—ranging from Australia and Brazil to Taiwan and the United Kingdom—honored. Judges awarded 281 out of 282 total possible awards, reflecting the chance for one gold, one silver and one bronze award in each of 94 beer style categories.
This year's event was particularly competitive; the proportion of winning breweries winning one or more awards was 18 percent, compared to 27 percent in 2012. There was a 75.6 percent increase in breweries competing this year versus 2012, which had 799 breweries that entered beers in the competition. A total of 253 breweries took home awards in
...More info on site
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Japan: Kirin Brewery to offer premium version of its Ichiban Shibori beer
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Kirin Brewery Co. will start offering a premium high-quality version of its mainstay Ichiban Shibori beer on June 11 for sale exclusively as chugen summer gifts and seibo year-end gifts, The Japan News reported on April 16.
The move by the Kirin Holdings Co. unit comes at a time when the Japanese market for high-priced beer is growing while the beer gift market is leveling off.
Kirin’s participation in the high-end beer market is expected to intensify competition among major beer makers that have already announced plans to focus on premium product sales.
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Belarus: The State Control Committee suggest using economic levers in respect to Heineken
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The State Control Committee of Belarus suggests using economic levers in respect to Heineken Company. The issue was discussed at the government session chaired by the President of Belarus on 10 April to discuss the state and development prospects of the Belarusian brewing industry, BelTA reported.
Chairman of the State Control Committee Alexander Yakobson turned the attention of the participants of the meeting to the operation of Heineken Company in Belarus. He said the company imports big amounts of beer and suffers losses related to loan debts.
According to Alexander Yakobson, only the interference of the State Control Committee made the company start active repayment of debts in the last five months. The company has also failed to honour its commitments to the local authorities in full.
“Today’s goal number one is, with the help of economic levers, to make this foreign company work in Belarus in the economic interests of the state, the business and consumers,” the Chairman of the State Control Committee said.
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