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E-Malt.com Newsletter 25b
June 19 - June 22, 2014
Quote of the Week
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Thomas A. Edison
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Currency Rates
Base Currency: US Dollar
on June 20, 2014 |
Base Currency: Canadian Dollar
on June 20, 2014 |
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1 USD = 0.7348 EUR
1 USD = 0.5877 GBP
1 USD = 1.0827 CAD
1 USD = 1.0631 AUD
1 USD = 101.8900 JPY
1 USD = 2.2262 BRL
1 USD = 34.3757 RUB
1 USD = 6.1633 CNY
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1 CAD = 0.9238 USD
1 CAD = 0.5429 GBP
1 CAD = 0.6788 EUR
1 CAD = 0.9821 AUD
1 CAD = 94.1251 JPY
1 CAD = 2.0565 BRL
1 CAD = 31.7558 RUB
1 CAD = 5.6936 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, TN: Wiseacre Brewing announces completion of an aggressive expansion project
...Click here
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Canada, ON: Old Flame Brewing Co. already operational in Port Perry
...Click here
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Canada, BC: Steel & Oak Brewing opens in New Westminster
...Click here
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USA, WA: New brewery to launch in Yakima in October
...Click here
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USA, WI: Capital Brewery planning to build new brewery in Sauk City
...Click here
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Canada, BC: Main Street Brewing working in Vancouver since end of May
...Click here
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Canada, NS: Tatamagouche Brewing launched after more than a year of planning and construction
...Click here
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Canada, BC: Postmark Brewing now officially open in Vancouver
...Click here
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Japan: Sapporo Holdings to post special loss due to additional liquor taxes
...Click here
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EU: Maltings capacity use seen as good except in the southeastern part of the EU
...Click here
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Africa: African drinkers are after quality over price - Heineken
...Click here
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EU: Analysts reduce expectations for barley crop because of dryness in France and Spain
...Click here
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UK: Lager sales showing growth for the first time since the recession began
...Click here
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UK: Craft beer enjoying golden era in the UK and abroad
...Click here
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UK: Sales of malt whisky boom in the pub sector unlike those of beer
...Click here
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EU: Wheat price ease on prospects for a good upcoming harvest
...Click here
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Ukraine: Winter barley crop harvest started in southern regions
...Click here
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Chile: Chile’s biggest brewery and winemaker benefit by country’s soccer team victory
...Click here
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South Korea: Non-alcoholic beers lead surge in overall sales during FIFA World Cup
...Click here
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South Korea: Per capita beer consumption was 100 bottles in 2012 - report
...Click here
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Graph of the Week
Table of the Week
EU Malt Exports
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
How spicy are oxigenated sesquiterpenoids really?
ABSTRACT
The short answer is: pretty spicy! Belgian
researchers took the sesquiterpene hydrocarbon
fraction from hops and boiled it. The resulting
oxygenated sesquiterpenoids were purified and
added to beer resp. pitching wort. After boiling of a
sesquiterpene hydrocarbon fraction from hops in
water, a high number of flavour-active oxygenated
sesquiterpenoids is formed. Even though their levels
decrease dramatically during fermentation, some
compounds are still detected via GC-O. Sensory
evaluation showed that the addition of this fraction
to beer intensified the ratings for woody and
hoppy/spicy. However the identification of the
flavour active compounds still needs to be done.
Read more
Source: Barth Innovations
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These Days in Business History
June 19
1464 French King Louis XI forms postal service
1764 John Barrow is born, founder of Royal Geographical Society
1963 1st woman in space returns to Earth
June 20
1793 Eli Whitney patents his cotton gin
1863 1st bank chartered in U.S., National Bank of Davenport, Iowa
1867 President Andrew Johnson announces purchase of Alaska
June 21
1948 One of the world's earliest modern computers, the Small-Scale Experimental Machine runs its first program successfully, proving that it can store data and user programs and process them at electronic speed
1990 After decades of closure, the Budapest Stock Exchange reopens for trading
June 22
1899 Michal Kalecki is born, Polish economist
1775 US Congress authorizes the first issuance of Continental Currency, or U.S. paper money
Agenda
News Articles
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USA, TN: Wiseacre Brewing announces completion of an aggressive expansion project
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Wiseacre Brewing Company is excited to announce the completion of an aggressive period of expansion that nearly tripled the nine month-old brewery’s production capacity, added 20 new jobs and created new outdoor seating areas for Tap Room guests.
With the addition of 320 barrels of fermentation space, and two 60-thousand pound grain silos, Wiseacre will work towards meeting the growing demands for its two year-round beers Ananda and Tiny Bomb, which was recently named “Best Beer in Tennessee” by Southern Living magazine, as well as accommodate local bars’ increasing interest in carrying Wiseacre’s specialty brews. Later this year, Wiseacre plans to add a third year-round beer to its lineup. Co-owners and brothers Kellan and Davin Bartosch credit the enthusiastic support of the Memphis community with accelerating the need for this expansion.
“We knew Memphians would get behind us if we worked hard and had a great product, but we never anticipated such a tremendous response from restaurants, bars, stores and our Tap Room patrons,” said Kellan.
“Our experience working with great breweries and mentors in the industry gave us a good vision of how to make tasty beer then really grow Wiseacre and we hoped that one day we’d be able to
...More info on site
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Canada, ON: Old Flame Brewing Co. already operational in Port Perry
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Having rolled down the front awning, Sherri and Jack Doak of the Old Flame Brewing Co. swung open the front doors of the brewery in Port Perry, Durham Region reported on June 19.
The much-anticipated craft brewery opened June 10 after many months of restoration and renovation of the former Ontario Carriage Works circa 1874, most recently the home to the local LCBO.
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Canada, BC: Steel & Oak Brewing opens in New Westminster
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The stream of new brewery openings in British Columbia continues its rapid flow this week, with the opening of Steel & Oak Brewing in New Westminster, Canadian Beer News reported on June 19.
Founded by local residents Jorden Foss and James Garbutt along with head brewer Peter Schulz, Steel & Oak previewed its Smoked Hefeweizen during Vancouver Craft Beer Week earlier this month in advance of its official release this week.
It will soon be followed by Royal City Pale Ale, with both beers set to be available on tap at various bars and restaurants in New Westminster, Vancouver and surrounding area, as well as at the Steel & Oak tasting room and retail store when it opens later this month.
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USA, WA: New brewery to launch in Yakima in October
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Construction is underway on a new brewery in Downtown Yakima. It's called Hop Nation Brewing Company, KIMATV.com reported on June 19.
The brewery will be located at a 100-year-old building that used to be a warehouse. Brewing will be done downstairs. A tasting room will be upstairs. There will be seven kinds of beer sold when it opens.
"This is my chance, this is a dream and it’s been a really big community effort," owner Ben Grossman said. "A lot of people have helped me out with expertise and knowledge."
The brewery plans to open in early October. The owner also plans to sell wine and cider a few months after the brewery opens.
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USA, WI: Capital Brewery planning to build new brewery in Sauk City
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Capital Brewery is planning to break ground on a new $11 mln facility in Sauk City, a move that will boost the company's production capacity, Drinks Business Review reported on June 19.
Construction on the proposed 60,000ft2 facility is expected to begin in summer this year.
Initially, the facility will have a capacity to produce 40,000 barrels of beer, with plans to expand to 100,000 barrels over the future.
The brewing facility will focus on both bottling and canning operations.
Capital Brewery co-founder and president Scott Wiener said, "We've been canning beer since 1997.
"We were the first craft brewery to put beer in cans, but we've been sending it to Stevens Point. Now we'll have our own canning and packaging at the facility."
Apart from a brew house, the facility will also house a tasting room and office space.
Capital Brewery produces and distributes beers. It offers its products through restaurants and retail establishments in Wisconsin, Iowa, Illinois, and Minnesota.
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Canada, BC: Main Street Brewing working in Vancouver since end of May
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Almost two years after it was originally announced, Main Street Brewing opened its doors and taps to the public late last month in Vancouver’s Mount Pleasant neighbourhood, Canadian Beere News reported on June 17.
As reported by Scout Magazine, Main Street officially launched on May 29th, and is offering four core brands – Pilsner, Brown Ale, Sessional Ale, and Southern Hop IPA – along with rotating cask selections. Beer-friendly food options including meat and cheese plates, gourmet hot dogs, and a daily sandwich special are also available.
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Canada, NS: Tatamagouche Brewing launched after more than a year of planning and construction
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After more than a year of planning and construction, the small Nova Scotia village of Tatamagouche is now home to a namesake brewery founded by a family known for their long involvement in the province’s wine industry, Canadian Beer News reported on June 18.
Tatamagouche Brewing is the newest endeavour of Hans Christian Jost, a winemaker who sold his family’s Jost Vineyards in 2012, along with his wife Karen, daughter Christiane, and her partner Matt Kenny.
Located in two buildings – a former library and an adjacent butcher shop – on the village’s Main Street, the brewery opened to the public on June 17th with two beers on offer: Hippie Dippie Pale Ale (“approachable, refreshing, and organic”) and Butcher Block Red (a “crisp red ale” with “bold flavour”). Both beers are available in 1 litre growlers, 650 ml bottles, and 20 litre kegs at the brewery.
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Canada, BC: Postmark Brewing now officially open in Vancouver
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A heritage building in Vancouver’s Railtown neighbourhood became the newest go-to destination for the city’s craft beer lovers, with the opening on June 18 of Postmark Brewing, Canadian Beer News reported.
Located in the Settlement Building – a 7,700 square foot complex that also houses Vancouver Urban Winery/Roaring Twenties Wine Co. and Belgard Kitchen – the brewery was launched by managing director Nate Rayment (ex-Howe Sound Brewing) and brewer Craig Noble.
According to a post on Beer Me B.C., Postmark has debuted with three brands – “a Citra-Dry Hopped Red Ale, a Raspberry Hefeweizen and one mystery brew that you will just have to stop in to learn more about” – with three more to join the line-up in coming weeks. All will be available to sample in the on-site tasting lounge, and in growlers for take-away sales.
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Japan: Sapporo Holdings to post special loss due to additional liquor taxes
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Sapporo Holdings Ltd said it would post a special loss in the second quarter as it prepares to pay additional liquor taxes equivalent to
...More info on site
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EU: Maltings capacity use seen as good except in the southeastern part of the EU
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Reported barley use for malt production in July/March 2013/14 was as follows:
France 1.362 mln tons, up 2.2%, U.K. 1.36 mln tons, up 3.8%.
...More info on site
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Africa: African drinkers are after quality over price - Heineken
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African drinkers are after "quality" over price when it comes to their beer, Heineken's boss for the region told CNBC, as the drinks giant
...More info on site
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EU: Analysts reduce expectations for barley crop because of dryness in France and Spain
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Strategie Grains raised the bar on ideas for the European Union wheat harvest, reflecting upgraded hopes for countries from the UK to Bulgaria, but
...More info on site
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UK: Lager sales showing growth for the first time since the recession began
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For years lager has been in the doldrums, cast as a villain by health lobbyists and Daily Mail columnists decrying “booze Britain”, a tasteless
...More info on site
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UK: Craft beer enjoying golden era in the UK and abroad
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Beer has always been a traditional part of British culture. From the largest city down to the very smallest village, everywhere has a “local” (pub). However, in recent times many of these establishments have been finding business conditions exceptionally tough, and many have been forced to close, Nation’s Restaurant News reported on June 18.
Craft brewing and microbreweries appear to be changing the fortunes of some of these establishments, though, capitalizing on the population’s taste for unusual and carefully made beverages, which is going from strong to stronger.
Data from research company CGA Strategy found that the total volume of beer sold in the U.K. fell 6.5 percent for the year ended in January. At the same time, craft beer has seen volumes soar by 62 percent. While craft beer still accounts for less than 2 percent of total beer volume sold in the U.K., the stark difference in fortunes nevertheless shows how successful this growing corner of the market is proving to be.
It is believed that there are approximately 32,000 brands of beer in the world, and this number is only continuing to grow. According to research company Mintel, sales of craft beer in the U.S. almost doubled between 2007 and
...More info on site
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UK: Sales of malt whisky boom in the pub sector unlike those of beer
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Sales of malt whisky and sparkling wine have boomed in the pub sector over the last year while beer sales saw a dip, The Morning Advertiser reported on June 20.
Research by CGA Strategy for the Wine and Spirit Trade Association (WSTA) showed a huge hike of 20% in the volume of malt whisky being sold in the 12 months up to April in the same period that beer dropped 5%. The amount of sparkling wine being sold was up 13%, translating into a sales boom of 35%. Overall the volume of alcohol sold was down 5% creating a sales dip of 1%.
Consumer research showed a slight rise in the percentage of men who prefer to drink in pubs, bars or restaurants rather than at home (32% - up from 31% in 2013 and 29% in 2012) but the percentage of women fell by 1% to 22%. Overall the figure remained at 27% of adults preferring to prop up the bar compared to 62% who like to drink at their or a friend’s home and the rest either preferring not to drink or not making a distinction.
When consumers were asked what they had drunk in the on trade
...More info on site
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EU: Wheat price ease on prospects for a good upcoming harvest
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Western European wheat prices eased on June 17, with benchmark Paris futures hitting the recent four-month low, as prospects for a good upcoming harvest continued to weigh on the market, Agri.eu reported on June 18.
Further signs of strong export competition from Black Sea origins also kept a lid on prices in Western Europe and the United States. November milling wheat on the Paris-based Euronext futures market settled 1.00 euro or 0.5 percent lower at 186.75 euros a tonne.
During the session, it fell to 186.25 euros, equalling last week's low that marked a weakest level for the contract since mid-February. But dealers said the market had found good technical support around 186 euros and may hold the floor until the harvest picture becomes clearer.
"People are waiting on the harvest," one dealer said. "We've been treading water around these levels for the past three sessions. Technical indicators suggest a rebound is due but we're lacking real direction."
Wheat harvesting should get under way in July and forecasters expect the European Union to gather its biggest crop since 2008. Barley harvesting has started in France and the crop is also expected to show good yields. The market is also waiting
...More info on site
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Ukraine: Winter barley crop harvest started in southern regions
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Ukraine’s southern regions have started the harvest early this year, proagro.com.ua reported on June 16.
As of June 16, 49.6 thousand ha of various crops
...More info on site
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Chile: Chile’s biggest brewery and winemaker benefit by country’s soccer team victory
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Cia. Cervecerias Unidas SA and Vina Concha & Toro SA, Chile’s biggest brewery and winemaker respectively, rallied as the country’s soccer team unexpectedly beat Spain to qualify for the World Cup’s round of 16, Bloomberg reported on June 18.
CCU jumped 3.2 percent, the most in nine months, and Concha & Toro surged 3.4 percent. The stocks led gains in Chile’s benchmark Ipsa index, which advanced 1.1 percent.
Office workers poured out of buildings in downtown Santiago chanting “Chi-chi-chi! Le-le-le!” as cars honked horns and confetti filled the air during half time of the match at Rio de Janeiro’s Maracana stadium. The final score of 2-0 marked a second win for Chile and signaled higher sales of alcoholic beverages. Spain became the first title holders to be eliminated after just two games of the next tournament.
“It’s wine and beer,” Eric Conrads, a portfolio manager at ING Investment Management, said from New York. “They went up when Chile scored because people expect higher consumption. Volumes are low because everyone’s basically watching the TV.”
An ING survey showed Chileans would pay more money than any other nation for their team to win the World Cup. Chileans would be willing to part with 526 euros ($714),
...More info on site
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Nepal: New beer factory established in Nepal
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A new beer factory has been established in Nepal with an investment of Rs 1 billion, Republica reported on June 19.
Tiger Brewery Nepal, which has set up plant in Butwal, aims to reduce Nepal’s beer imports and export its products to India where the demand for beer is high.
The company aims to bring Tensberg brand of beer in the Nepali market by the end of June or the first week of July.
“We have established the factory with an investment of Rs 1 billion and Rs 700 million have already been spent to build infrastructure and import machinery and raw materials,” Tejendra Khadka, proprietor of Tiger Brewery Nepal, said. “Some machinery is arriving soon.”
The factory has the capacity of producing 300,000 cartons of beer per month. Khadka is the major shareholder of Brewery Nepal. Indian businessman Prince Batra also hold stake in the brewery.
Khadka, who has 27 years of experience in liquor business, says Nepal has high potential for barley cultivation. “If the government creates favorable environment, commercial barley production can be started in Nepal itself,” he said.
According to Khadka, Nepal imports 50,000 tons of barley every year of which 18,000 tons are used for liquor production.
Initially, Tiger Brewery
...More info on site
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South Korea: Non-alcoholic beers lead surge in overall sales during FIFA World Cup
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The 2014 FIFA World Cup games featuring Korea’s national team may be played at the crack of dawn local time, but that doesn’t spell an end to the traditional combination of football, snacks and, most importantly, beer, Korea JoongAng Daily reported on June 19.
According to 7-Eleven, the convenience store chain operated by Lotte Group, sales at its stores nationwide between midnight and 9 a.m. on June 18 jumped 19.6 percent compared to the previous year.
The Korean team’s first match in the 2014 World Cup, which ended in a 1-1 tie with Russia, began at 7 a.m. local time.
The surge in overall sales was led by non-alcoholic beers, in particular Hite Zero and Mac’s Light. The convenience store chain said that sales of these two non-alcoholic drinks increased 249.2 percent from the previous year.
“We were quite surprised,” said an official from 7-Eleven. “We didn’t have any expectations for beer sales this time because most of the games are scheduled early in the morning.”
The next match against Algeria on June 23 will start at 4 a.m. local time. The third match against Belgium on June 27 will start at 5 a.m. Despite the early hour, public viewing events were held officially
...More info on site
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South Korea: Per capita beer consumption was 100 bottles in 2012 - report
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Korea’s per-capita alcoholic beverage consumption was 100 bottles of beer and 60 bottles of Korean vodka (soju) in 2012, The Korea Biwzire reported on June 20.
According to the Korea Alcohol & Liquor Industry Association on June 19, the total domestic consumption of alcohol in 2012 was 3.12 million kilolitres (1 kilolitre equals 1,000 litres). The figure included unofficial consumption from alcoholic beverages brought in individually from overseas, as well as official shipments.
For adults older than 15 years of age, this is equivalent to 9.16 litres of alcohol per person. The per-capita alcoholic beverage consumption has been in a downward trend since 2007 when the figure was 9.48 litres. By taking into account the alcohol content, an average of 101 bottles of beer and 63 bottles of soju was gulped down by a Korean adult.
The association commented, “Given Korea’s drinking culture of encouraging drinking with each other in public places such as restaurants where a significant amount of alcohol is wasted, per-capita alcohol consumption must be much lower than 9.16 litres.”
According to a report published last year by the Organization for Economic Cooperation & Development, the average alcohol consumption per person in Korea over 15 years of age was
...More info on site
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