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E-Malt.com Newsletter 02b
January 08 - January 11, 2015
Quote of the Week
"Many battles have been fought and won by soldiers nourished on beer."
Frederick the Great
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Currency Rates
Base Currency: US Dollar
on January 09, 2015 |
Base Currency: Canadian Dollar
on January 09, 2015 |
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1 USD = 0.8470 EUR
1 USD = 0.6629 GBP
1 USD = 1.1823 CAD
1 USD = 1.2341 AUD
1 USD = 119.6370 JPY
1 USD = 2.6843 BRL
1 USD = 61.8340 RUB
1 USD = 6.1435 CNY
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1 CAD = 0.8460 USD
1 CAD = 0.5608 GBP
1 CAD = 0.7165 EUR
1 CAD = 1.0440 AUD
1 CAD = 101.2120 JPY
1 CAD = 2.2709 BRL
1 CAD = 52.3108 RUB
1 CAD = 5.1973 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Constellation Brands, Inc. reports ‘outstanding’ third-quarter results owing to exceptional momentum for its beer business
...Click here
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Canada, ON: Brewers react with scepticism to Beer Store ownership offer
...Click here
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USA, WI: Point Brewery embarks on $1.5 mln expansion project
...Click here
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USA, CA: Magnolia Brewing expands to a large new production brewery
...Click here
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USA, TX: Spoetzl Brewery expanding bottling and brewhouse operations
...Click here
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USA, GA: Wrecking Bar Brewpub gets approval to build craft brewery in Gwinnett
...Click here
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USA, OH: Two stay-at-home dads launch DogBerry Brewing in West Chester
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USA, NM: Albuquerque’s Bosque Brewing opens second location in town
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UK: Barley usage for brewing, malting, distilling up 2.5% in July – November 2014
...Click here
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Denmark & Russia: Investors not reassured Carlsberg can weather continued losses in Russia
...Click here
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EU: EU Commission forecasts barley crop at 60 mln tonnes in 2014/15
...Click here
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India: Heineken declines to comment on reports it looks to raise stake in United Breweries
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World: Cargill’s profit jumps 41% in the quarter to November 30
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East Timor: Heineken’s new plant in East Timor to create around 200 direct jobs
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Ukraine: Agriculture ministry, grain traders to meet next week regarding exports and local markets
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Cameroon: Trade Minister orders to freeze the prices of bottled beer in drinking establishments
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UK: Campaign launched to save historic ale after Carlsberg’s decision to discontinue its production
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Graph of the Week
Table of the Week
Asia Barley Imports, Production, Consumption, and Stocks
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
These Days in Business History
January 8
1675 1st American commercial corporation chartered (New York Fishing Co)
1889 Dr Herman Hollerith receives 1st US patent for a tabulating machine (1st Computer)
1964 European Parliament accept Mansholt Plan
January 9
1843 P Paul Leroy-Beaulieu, French economist is born
1848 1st commercial bank in San Francisco established
1799 Income Tax introduced in UK
January 10
1863 First underground railway opens in London.
1870 John D. Rockefeller, Sr. founds The Standard Oil Co. (Ohio) with $1 million in capital and control of a tenth of the nation's oil refining.
1946 UN General Assembly convenes for 1st time (London)
January 11
1757 Alexander Hamilton, future U.S. Secretary of the Treasury and founder of the American financial system, is born on the Caribbean island of Nevis
1759 1st American life insurance company incorporated, Philadelphia
1873 1st livestock market newspaper published, Drover's Journal, Chicago
Agenda
February 2015:
10-12: International Brewing Awards 2015
11-14: National Winter Ales Festival 2015 (Derby, UK)
21-24: Beer Attraction 2015 (Rimini, Italy)
March 2015:
11-14: Brazilian Beer Festival - Festival Brasileiro da Cerveja 2015 (Blumenau, Brazil)
20-21: BeerX 2015 2015 (Sheffield, UK)
31 March - 02 April: ProPak Vietnam 2015 (Ho Chi Minh City, Vietnam)
April 2015:
14-17: Craft Brewers Conference & BrewExpo America 2015 (Portland, USA)
21-23: Brewer (Pivovar) 2015 (Moscow, Russia)
25-26: Zythos 2015 (Leuven, Belgium)
May 2015:
06-08: bevtec Asia 2015 (Bangkok, Thailand)
07-23: The Czech Beer Festival 2015 (Prague, the Czech Republic)
19-22: Beer (Pivo) 2015 (Sochi, Russia)
24-28: EBC 2015 (Porto, Portugal)
26-28: Alimentaria Mexico 2015 (Mexico City, Mexico)
28-30: Copenhagen Beer Festival 2015 (Copenhagen, Denmark)
28-31: Latvia Beer Fest 2015 (Riga, Latvia)
June 2015:
10-14: Mondial de la Biere 2015 (Montreal, Canada)
July 2015:
01-04: Ollesummer 2015 (Tallinn, Estonia)
15-17: Brasil Brau 2015 (Sao Paulo, Brazil)
August 2015:
11-15: The Great British Beer Festival 2015 (London, UK)
September 2015:
19 September - 14 October: Oktoberfest 2015 (Munich, Germany)
24-26: Stockholm Beer & Whisky Festival 2015 (Stockholm, Sweden)
October 2015:
01-03: Stockholm Beer & Whisky Festival 2015 (Stockholm, Sweden)
November 2015:
10-12: Brau Beviale 2015 (Nuremberg, Germany)
More events are available on site www.e-malt.com
News Articles
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USA: Constellation Brands, Inc. reports ‘outstanding’ third-quarter results owing to exceptional momentum for its beer business
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Constellation Brands, Inc., a leading beverage alcohol company, reported on January 8 its third quarter 2015 results.
"We achieved outstanding results for the third quarter
...More info on site
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Canada, ON: Brewers react with scepticism to Beer Store ownership offer
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Ontario brewers reacted with scepticism after the foreign-owned Beer Store offered them ownership stakes in the consortium that controls 80 per cent of beer sales in the province, Canadian Manufacturing reported on January 8.
“Ownership is a red herring issue The Beer Store is using to distract the media and the public,” said Andrea Woods Chiodo of Flying Monkeys Craft Brewery. “We have always been concerned with shelf space, accessibility, transparency and how store formats affect the retail experience.”
Jeff Fisher, owner of Indie Ale House in Toronto, said he wouldn’t be a real owner under The Beer Store’s offer, which he called a public relations exercise.
“The craft brewers can’t get together and say ‘let’s paint all the stores or let’s sell them,'” said Fisher. “You have no real say, so you’re an owner that gets to choose nothing. It does nothing for me.”
Under The Beer Store’s offer, Ontario brewers that sell more than five million litres a year would pay C$1,000, and smaller brewers C$100, to become owners and get one Class E or Class F share.
They are also being offered a total of three seats on the 15-member board of directors of The Beer Store.
Molson Coors Brewing Co. and Labatt
...More info on site
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USA, WI: Point Brewery embarks on $1.5 mln expansion project
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The craft beer trend is growing and with this growth comes expansion, which is the case at Point Brewery in Stevens Point, which announced a $1.5 million expansion on January 7, Wsaw.com reported.
Production volume increased 10 percent in 2014 and this gave them all the more reason and opportunity to decide to expand for the sixth year in a row in 2015. It is an expansion into the business that keeps on giving and growing.
For a brewery that started in 1857 and is one of the top three oldest breweries in the country, an expansion is nothing new for Point Brewery. This time around, major upgrades focus on packaging.
"This year's expansion includes a new can filler. It will help us grow from 180 cans a minute to 380 cans a minute on our filler speed. It will also give us the ability to do both 12 and 16 ounce can production," Director of Operations and Brew Master Gabe Hopkins said.
Hopkins also said the can filler will allow consumers to drink their craft beers in a single serve setting, which means more people will have access to Point brews.
The brewery will also offer better quality and longer shelf-life with new
...More info on site
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USA, CA: Magnolia Brewing expands to a large new production brewery
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Magnolia Brewing has expanded to a second restaurant and large new production brewery in the Dogpatch (San Francisco), Drinks Business Review reported on January 7.
The brewery's rapid growth and expansion required $150,000 in growth funding to ensure they met their 2015 goals.
Magnolia chose to raise funding on Bolstr, a marketplace where emerging consumer, retail and manufacturing businesses can access growth capital from accredited investors. Magnolia needed the ability to raise capital quickly in order to expand production, improve packaging equipment and implement design work for a new line of packaged beers which are scheduled to roll out in 2015.
"We couldn't make enough beer to meet demand at the original brewery but now, with more capacity, we are finally able to expand our distribution footprint and grow beer sales," says Dave McLean, founder of Magnolia Brewing. "Working with Bolstr was the easiest way to quickly fund the capital expenditures required to keep up with our pace of growth."
Magnolia has always closely paired food with beer, and their newest restaurant, Smokestack, was named one of 2014's Top 100 Restaurant Openings in San Francisco by Thrillist.
"People are choosing to have an experience with your product, with your beer, with your food. I think
...More info on site
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USA, TX: Spoetzl Brewery expanding bottling and brewhouse operations
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Anywhere Spoetzl Brewery brewmaster Jimmy Mauric goes, he sees his product, Victoria Advocate reported on January 8.
"Whenever I travel and see the beer, 'good product,'" he said he hears. "When you're in Vegas on Fremont Street and get Shiner Bock, I say 'man, we've arrived.'"
The 36-year brewmaster at Spoetzl Brewery and Shiner drinkers might begin to see double in the next few years. The brewery is expanding its bottling and brewhouse operations, giving it the capacity in late 2015 to make twice as much of the product, which can be found nationwide.
Additionally, the site will have a new hospitality space and gift shop.
The brewery ended 2014 having produced about 600,000 barrels of beer, Mauric said. When its state-of-the-art machinery is working in full effect, it will be able to produce 1.2 million barrels.
"We've got some growing we can do," Mauric said. "We've been growing here throughout the years. There's been a huge demand for our beer."
Shiner got its start in 1909 in Shiner and continues to be brewed and bottled at Spoetzl Brewery in Shiner. Now, the city and the beer's identity are used interchangeably.
"Shiner Bock put us on the map," Mauric said.
Shiner Mayor Fred Hilscher said the brewery is
...More info on site
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USA, GA: Wrecking Bar Brewpub gets approval to build craft brewery in Gwinnett
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The Gwinnett County Planning Commission helped pave the way this week for the owner of Atlanta's popular Wrecking Bar Brewpub to build a craft beer brewery in Gwinnett, Atlanta Business Chronicle reported on January 8.
Bob Sandage is asking Gwinnett to rezone 7 acres in Loganville for the business, reports Gwinnett Daily Post.
The planning board said at its January 6 meeting it will recommend the zoning change. The matter now goes to the Gwinnett Board of Commissioners for consideration later this month.
Only one person spoke in opposition to the plan during the board's meeting, the paper said.
Sandage said he expects to produce approximately 5,000 barrels of beer per year initially with each holding 31 gallons. Within five to 10 years, annual production could reach 10,000 to 15,000 barrels, the Gwinnett paper reported.
Sandage wants to build the brewery - which would be open for tours weekends - on the existing Dillwood Farms in the 4500 block of Brushy Ford Road. He said he plans to continue agricultural operations at the farm to supply produce to the Wrecking Bar Brewpub and others, the paper said.
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USA, OH: Two stay-at-home dads launch DogBerry Brewing in West Chester
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After putting their science background to good use developing more than 30 beer recipes, stay-at-home dads Tony Meyer and Chris Frede are ready to take those beers public. They'll open their new brewery, DogBerry Brewing, in West Chester on January 8, Cincinnati.com reported on January 7.
Located at 7865 Cincinnati Dayton Road, it will be that area's first craft brewery and will focus on small-batch production, with limited tap room hours. DogBerry's one-barrel brew house and eight two-barrel fermenters put its capacity at about 235 barrels per year, but Meyer said they expect to brew only 180 to 200 during the first year.
Meyer, who fell in love with craft beer during visits to Seattle, where he has family, has been home-brewing off and on for about 16 years. Frede got into the hobby about three years ago and the duo – who met in 2000 while working in infectious disease research at Cincinnati Children's Hospital Medical Center – started getting together every few weeks to brew. Both are now stay-at-home fathers of three.
"The kids would play all summer and we would brew out in the driveway," Meyer said. "It grew organically and naturally. That's how we got to this point, and
...More info on site
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USA, NM: Albuquerque’s Bosque Brewing opens second location in town
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One of the most popular breweries in Albuquerque has opened a second location in town. Bosque Brewing’s Nob Hill location, near Central and Girard opened its doors on January 8 afternoon, KRQE News reported.
Bosque Brewing quickly boomed when it opened its first location near San Mateo and Alameda. Bosque Brewing also just opened a tap room in Las Cruces. The beer is still being brewed at the original location on San Mateo. A recent expansion at that location is now allowing them to brew 100 barrels a week.
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UK: Barley usage for brewing, malting, distilling up 2.5% in July – November 2014
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UK’s brewers, maltsters, and distillers used a total of 799.3 thousand tonnes of barley in July – 23 November 2014, which represents a 2.5%
...More info on site
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Denmark & Russia: Investors not reassured Carlsberg can weather continued losses in Russia
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Carlsberg A/S’s effort to reassure investors it can weather continued losses in Russia is showing little sign of working, Bloomberg reported on January 9.
“We
...More info on site
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EU: EU Commission forecasts barley crop at 60 mln tonnes in 2014/15
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EU Commission’s barley supply and demand balance of November 27, 2014 is as follows:
Carry-in stocks are estimated at 4 mln tonnes for 2013/14 and
...More info on site
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India: Heineken declines to comment on reports it looks to raise stake in United Breweries
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Heineken has declined to comment on reports that it is looking to raise its stake in India's United Breweries.
India's CNBCTV 18 on January 7
...More info on site
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World: Cargill’s profit jumps 41% in the quarter to November 30
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Minnetonka, US-based Cargill, one of the world’s largest privately held companies, posted a 41 percent jump in profit to $784 million during the three
...More info on site
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East Timor: Heineken’s new plant in East Timor to create around 200 direct jobs
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In a press release issued on January 8, Heineken Asia Pacific said that it had signed a formal investment agreement with the government of Timor Leste.
Under the agreement, a multi-beverage plant will be built near Dili, the capital of Timor Leste, with construction to begin in 2015.
The plant would be able to manufacture a variety of drinks including beer, soft drinks and water.
The setting up of the plant and subsequent route-to-market is expected to create around 200 direct jobs within local sales and business operations, with another 800 indirect jobs created across retail trade, logistics, transport and other service providers over time.
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Ukraine: Agriculture ministry, grain traders to meet next week regarding exports and local markets
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Ukraine's agriculture ministry will meet major traders next week regarding exports and local markets after Russia's decision to curb its grain exports, traders and government sources said on January 8.
"The meeting is scheduled for January 13. We want to know their (the traders') plans," a government official, who declined to be identified, told Reuters.
Russia has introduced grain exports duties of at least 35 euros per tonne set to start from Feb. 1 to stabilise domestic prices.
In December, Moscow imposed informal export controls in a bid to cool down domestic prices.
Russia, expected to be the fourth-largest exporter this year, had been exporting record volumes from a large grain crop of 105 million tonnes as the rouble currency's plunging value spurred a dash for foreign exchange.
Ukraine, another top Black Sea grain exporter, said last month it had no plan to follow Russia's example and expected to sell its grain at a higher price as a result of the Russian move to curb sales.
The official said the government still had no plans to limit sales but traders said the agriculture ministry was likely to prepare a memorandum with traders for the 2014/15 season, as it has done in previous seasons. These allow for
...More info on site
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Cameroon: Trade Minister orders to freeze the prices of bottled beer in drinking establishments
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The Cameroonian Trade Minister, Luc Magloire Mbarga Atangana, announced in a January 5 press release a decision to freeze the price of bottled beer in drinking establishments “until further notice” despite brewing companies’ request that prices be adjusted to reflect the hike in excise duties as stipulated in the 2015 Finance Act, Business in Cameroun reports.
Indeed, in 2015, the tax administration will be collecting 143 FCFA per litre of beer instead of the previous 110 FCFA.
The announcement made by this cabinet member follows the practices noted among some wholesalers during the end-of-year festive season. Many drinking establishments and spirit retailers refused to sell their stock in order to benefit from the adjusted duty to make a larger profit.
The situation has come about from confusion among some consumers as well as questions surrounding the level of collaboration between the Trade and Finance Ministries in this affair. Breweries have been clambering more and more for the excise duty increase to be struck down for fear of “market collapse” in 2015. From now until January 15, the deadline for tax filing in Cameroon, a final decision will be made by the ad-hoc committee set-up within the Office of the Prime Minister to
...More info on site
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UK: Campaign launched to save historic ale after Carlsberg’s decision to discontinue its production
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A campaign has been launched to save a historic Burton ale after a brewing giant confirmed that it was going to stop making it, Burton Mail reported on January 8.
Carlsberg UK confirmed to the Mail that it was ceasing production of its Draught Burton Ale after they claimed demand for the drink fell to a level that was 'unsustainable'.
Now, politicians and well-placed members of the brewing fraternity are clamouring for the beer to live on in some 'way, shape or form'.
Renowned beer writer Roger Protz, editor of the Good Beer Guide, said: "The death of Draught Burton Ale (DBA) is an appalling blunder by Carlsberg UK and a misreading of the state of the beer market.
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