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E-Malt.com Newsletter 17a
April 20 - April 22, 2015
Quote of the Week
"There is more to life than beer alone, but beer makes those other things even better."
Stephen Morris
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Currency Rates
Base Currency: US Dollar
on April 22, 2015 |
Base Currency: Canadian Dollar
on April 22, 2015 |
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1 USD = 0.9327 EUR
1 USD = 0.6710 GBP
1 USD = 1.2256 CAD
1 USD = 1.2960 AUD
1 USD = 119.4700 JPY
1 USD = 3.0292 BRL
1 USD = 53.5310 RUB
1 USD = 6.0941 CNY
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1 CAD = 0.8157 USD
1 CAD = 0.5474 GBP
1 CAD = 0.7608 EUR
1 CAD = 1.0572 AUD
1 CAD = 97.4600 JPY
1 CAD = 2.4710 BRL
1 CAD = 43.6674 RUB
1 CAD = 4.9712 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Rahr Malting gets government support for expanding its Shakopee malting plant
...Click here
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Canada: Barley exports to decrease both in 2014-15 and in 2015-16
...Click here
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USA: Shares of Constellation Brands hit new highs owing to strong fourth quarter earnings report
...Click here
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USA, NY: New York’s craft beer industry brews 59 percent growth from 2013 to 2014
...Click here
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USA, MI: North Center Brewery to open in Northville, Michigan
...Click here
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USA, FL: Ancient City Brewing to open in St. Augustine, Florida
...Click here
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World: Heineken’s first-quarter beer sales advance more than estimated by analysts
...Click here
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China: China Resources Enterprise Ltd. sells retail venture to focus on beer
...Click here
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World: Boom of craft beer reported from all parts of the world
...Click here
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Australia: Coca-Cola Amatil committed to its original brewing aspirations
...Click here
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Côte d'Ivoire: Groupe Castel acquires Côte d'Ivoire’s Brasseries ivoiriennes
...Click here
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Russia & Ukraine: Both countries export identical volumes of barley in July-March 2014/15
...Click here
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Brazil: Ambev invests R$708.3 mln in Uberlândia brewery last year, plans another R$25 mln this year
...Click here
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China: China's COFCO planning to list within 3-5 years
...Click here
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Brazil: Grupo Petrópolis launching new brewery in the state of Pernambuco
...Click here
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Indonesia: PT Multi Bintang Indonesia in talks with government over new ban on alcohol sales in minimarts
...Click here
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Bulgaria: Last year beer consumption returned to 2009 rates - executive director of the Union of Brewers in Bulgaria
...Click here
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India: Mahou India launches Mahou 5 Star across the country
...Click here
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India: United Breweries to roll out strong Kingfisher Ultra Max beer
...Click here
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North Korea: Brewing among the few areas North Korea might be praised for
...Click here
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The Netherlands & the UK: Some Dutch farmers start growing barley for Scottish whisky industry
...Click here
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UK: Molson Coors’ Carling beer becomes Scotland’s number two brand by volume
...Click here
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Graph of the Week
Table of the Week
Czech Brewing Industry 2013 - 2014
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
20 April
1926 - 1st check sent by radio facsimile transmission across Atlantic
1946 - The League of Nations officially dissolves, giving most of its power to the United Nations
1948 - 1st Polaroid camera was sold in US
1964 - BBC Two launches with a power cut because of the fire at Battersea Power Station
1973 - Canadian ANIK A2 becomes 1st commercial satellite in orbit
21 April
1654 - England and Sweden sign trade agreement
1982 - Dr. Michael E. Bakey performs 1st successful heart implant
1983 - 1 pound coin introduced in United Kingdom
22 April
1864 - The U.S. Congress passes the Coinage Act of 1864 that mandates that the inscription In God We Trust be placed on all coins minted as United States currency
1924 - Hague Chambers of Commerce forms
1969 - 1st human eye transplant performed
1991 - Intel releases 486SX chip
Agenda
April 2015:
14-17: Craft Brewers Conference & BrewExpo America 2015 (Portland, USA)
21-23: Brewer (Pivovar) 2015 (Moscow, Russia)
23-25: Shanghai International Brew & Beverage Manufacturing Technology and Equipment 2015 (Shanghai, China)
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)
18-20: 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)
09-12: Artbeerfest 2015 (Caminha, Portugal)
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: Rahr Malting gets government support for expanding its Shakopee malting plant
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The Minnesota Department of Employment and Economic Development (DEED) has awarded $610,000 in Job Creation Fund resources to Rahr Malting Corporation on April 17,
...More info on site
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Canada: Barley exports to decrease both in 2014-15 and in 2015-16
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For 2014-15, Canada’s barley exports are forecast to decrease marginally to 2.35 mln tonnes due to below normal quality and a strong domestic market
...More info on site
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USA: Shares of Constellation Brands hit new highs owing to strong fourth quarter earnings report
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Shares of Constellation Brands hit new highs last week on the heels of a strong fourth quarter earnings report. Despite the short rally, shares ended the week down 5% and gave back most of their gains, Seeking Alpha reported on April 20.
The fourth quarter continued the growth for Constellation Brands in the beer segment. In fact, the company reported it gained market share in 48 of the 50 U.S. states. The company's Corona Extra remains the number one imported beer brand. In fiscal 2015, Constellation shipped more than 105 million cases of Corona Extra. A telling stat for investors is the fact that Corona Extra was the only top five beer brand in the U.S. to see growth last year. The beer could continue to see further gains in 2016 with Constellation planning increased national television advertising.
Beyond advertising, the growth for Corona Extra is coming from cans. From the earnings call, "Most importantly, fiscal 2016 will represent the year of the can for Corona Extra. We see great opportunity for growth with cans as this format currently represents less than 3% of total sales for Corona Extra." Corona Extra which is a top five brand in the country and then
...More info on site
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USA, NY: New York’s craft beer industry brews 59 percent growth from 2013 to 2014
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New York State’s craft beer industry grew 59 percent from 2013 to 2014, producing an economic impact totalling $3.5 billion, Governor Andrew M. Cuomo announced in a news release on April 16th .
The state’s craft beer industry directly employs more than 6,500 people while supporting another 4,800 jobs in related industries. That includes suppliers, distributors, and tourism-related businesses.
The findings are based on a research report prepared for the New York State Brewers Association and the New York Wine and Grape Foundation. Stonebridge Research Group, a California–based consulting firm focused on the wine industry, produced the report.
The number of craft brewers in the Empire State more than doubled from 95 in 2012 to 207 in January 2015. Production grew 54 percent to 859,535 barrels in 2013 from 557,436 barrels in 2011.
Legislation to ease regulations on the craft beer industry and other government support helped fuel craft beer’s growth in New York State, according to the report. In 2012, Cuomo and the state legislature passed the Farm Brewing Law to facilitate demand for locally grown products and strengthen the state’s brewing industry. Under the law, a farm brewer must make the beer primarily from locally grown farm products in order to qualify
...More info on site
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USA, MI: North Center Brewery to open in Northville, Michigan
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Kevin DeGrood and his team wanted to create a look and atmosphere celebrating an ultimate craft beer experience, and they've done it inside the newly built location across from Hiller's Supermarket in Northville, Hometownlife reported on April 19th.
Now their plan is to gain fans by using great products that are made with the best that Michigan has to offer.
"We've been anxious to get to this point, and it feels good to finally see people in here enjoying what we have," DeGrood said this past week after celebrating North Center Brewery’s soft opening April 11 and the official opening on April 16.
Although still doing some hiring, DeGrood said they've assembled a great team of servers, who he said have been phenomenal in getting the brewery ready for opening.
DeGrood said they have received a lot of support from many in the community and want everyone to know they are here to be part of this great community, which is why they chose Northville.
"Now it's time to pay back that support," he said.
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USA, FL: Ancient City Brewing to open in St. Augustine, Florida
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St. Augustine is going to have its own brewery again. Ancient City Brewing is opening in the same spot west of Interstate 95 where Mile Marker Brewing closed in 2014, Jacksonville reported on April 21st.
Vance Joy, who was the brewer and co-owner of Mile Marker, is the brewer for Ancient City. But he said it’s a completely new company owned by Dylan Rumrell and Greg Tuttle.
Mile Marker closed without notice or explanation, and Joy said it wasn’t pretty.
“We had 16 partners,” he said. “It was a mess, bitter and angry.”
The plan was to open the tap room at 3420 Agricultural Center Dr. on May 15. But it will just be serving other craft beers until Ancient City gets its brewing license, which he hopes will be in June.
He’ll be brewing on the same seven-barrel system that Mile Marker used, but is bringing in a 30-barrel system.
“The trouble with Mile Marker is that we could never brew enough beer,” he said.
Rumrell said that new system still has to be built and won't come in until later this year or early next.
Ancient City signed a three-year lease on the space, with options for two more. Rumrell said they'll just have to see
...More info on site
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World: Heineken’s first-quarter beer sales advance more than estimated by analysts
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Heineken NV, the world’s third-biggest brewer, reported on April 22 first-quarter beer sales that advanced more than analysts estimated, as demand in Asia and
...More info on site
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China: China Resources Enterprise Ltd. sells retail venture to focus on beer
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China Resources Enterprise Ltd. rose the most in more than two decades after announcing it will sell businesses including its main money-losing retail venture
...More info on site
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World: Boom of craft beer reported from all parts of the world
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In the U.S., there are registered 3,464 breweries, 560 more than a year ago. While the total beer output of the country in 2014
...More info on site
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World: Barley trade expected to decline in 2015/16
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World barley trade is expected to shrink in 2015/16 owing to smaller production and a decline in demand, La Depeche reported on April 17.
“For
...More info on site
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Australia: Coca-Cola Amatil committed to its original brewing aspirations
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Coca-Cola Amatil boss Alison Watkins has underlined her commitment to the bottler’s regional brewing aspirations by flying to Fiji this week to cut the
...More info on site
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Côte d'Ivoire: Groupe Castel acquires Côte d'Ivoire’s Brasseries ivoiriennes
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Less than in two years after entering the Côte d'Ivoire market, Les Brasseries ivoiriennes (LBI) brewing company was acquired by the BGI Group (owned
...More info on site
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Russia & Ukraine: Both countries export identical volumes of barley in July-March 2014/15
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In the period July/25 March 2014/15, both Russia and Ukraine exported identical 4.16 mln tons of barley, H. M. Gauger GmbH said in a
...More info on site
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Brazil: Ambev invests R$708.3 mln in Uberlândia brewery last year, plans another R$25 mln this year
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In 2014, Brazilian beer giant Ambev invested a total of R$708.3 mln in its production facility in Uberlândia, Minas Gerais, Estado de Minas reported
...More info on site
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China: China's COFCO planning to list within 3-5 years
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China's COFCO, the state-run grain trading company, is planning to list within three to five years, a move that would catapult it into the select stable of companies dominating global agricultural trade, Reuters reported on April 21.
In just over a year, COFCO has invested $2.8 billion to transform itself from a procurement operation into a global agricultural trader, via joint ventures with Noble Group Ltd's agribusiness and Dutch grain trader Nidera, after taking substantial stakes in the companies.
"This should be not a Chinese, but a global company...the IPO will help us to achieve this standard," COFCO Chairman Ning Gaoning said at the FT Commodities Global Summit.
Ning told Reuters COFCO's plan would be to list all of COFCO's, Noble's, and Nidera's agricultural assets together.
Its overall objective would likely be to rival the "ABCD" quartet of companies - Archer Daniels Midland, Bunge, Cargill and Louis Dreyfus - that dominate agricultural commodity trading.
"After the integration with Noble Agri I think COFCO will invest again in other companies," Ning said.
"That is a place you cannot ignore," he said when asked if COFCO could expand in North American markets.
The investments marked the biggest overseas acquisitions in China's grain sector, giving COFCO assets in some
...More info on site
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Brazil: Grupo Petrópolis launching new brewery in the state of Pernambuco
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Brazil’s Grupo Petrópolis is inaugurating its second brewery in the north-east of Brazil. The new facility is located in Itapissuma, at 45 km distance
...More info on site
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Indonesia: PT Multi Bintang Indonesia in talks with government over new ban on alcohol sales in minimarts
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PT Multi Bintang Indonesia Tbk is in talks with the government over a new ban on alcohol sales at minimarts and a planned 40 million euros (RM155 million) investment hinges on regulatory certainty, the brewer's top executive was quoted as saying by The Malaysian Insider on April 20.
Multi Bintang, majority-owned by Dutch brewer Heineken, had previously allocated the money over the next three years to raise its production capacity, president director Michael Chin said on the sidelines of the World Economic Forum in Jakarta. Multi Bintang has two breweries and one plant producing non-alcoholic beverages in Indonesia.
A regulation banning the sale of alcoholic drinks at minimarts took effect in Southeast Asia's largest economy on April 16, though they will still be sold at supermarkets, hotels, bars and restaurants.
"Indonesia has been very liberal in selling alcoholic drinks," Chief Economics Minister Sofyan Djalil told reporters on April 20. "We are looking at how we can control the distribution in mini-markets."
Sales of beer with alcohol content of less than 5 percent at minimarts typically make up around 15% of annual sales in the industry, Multi Bintang's Chin said.
"We have internally approved another investment of 40 million euros (over the next three years),
...More info on site
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Bulgaria: Last year beer consumption returned to 2009 rates - executive director of the Union of Brewers in Bulgaria
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Ivana Radomirova, executive director of the Union of Brewers in Bulgaria, commented on the production and consumption of beer in Bulgaria in an interview
...More info on site
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India: Mahou India launches Mahou 5 Star across the country
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Mahou India, the first subsidiary of Spanish brewing major, Mahou San Miguel to be established outside Spain, has strengthened its position in the India market with the launch of Mahou 5 Star. This will also be the first ever Spanish beer to be made in India, a company release of April 21 stated.
By doing so, the company has not only increased its offering in the country but will start competing in new segments in the premium category. The beer, brewed at the Mahou India brewery located in Bhiwadi, Rajasthan, is already available to consumers in different states across India and is said to be receiving good initial acceptance.
“This launch represents a further step in our consolidation in the Indian market, which is today a strategic and investment priority for the company due to its high growth potential. We are committed to India for the long term, and have built a strong local leadership team to take the Company forward,” said Erik d’Auchamp, Chief Executive Officer, Mahou India.
Following the 2014 acquisition of Arian Breweries, Mahou San Miguel reportedly became the first Spanish company in its sector to operate in the region with its own brewery. Since then,
...More info on site
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India: United Breweries to roll out strong Kingfisher Ultra Max beer
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Kingfisher Ultra Max, a strong variant of Kingfisher Ultra beer and the costliest in the Kingfisher line, will be rolled out across India in a year in what its maker United Breweries calls its most aggressive launch in five years, Livemint reported on April 21.
United Breweries, which sells more than half of all the beer sold in India, is trying to fend off rivals such as SABMiller and AB InBev that have flooded the market with expensive versions of strong beer, the most popular among the country’s beer drinkers.
“This is the most aggressive launch done by United Breweries in over five years,” Samar Singh Sheikhawat, senior vice-president, marketing, said in an interview on April 17.
“This is the brand we are banking very heavily on.”
Sold in parts of Mumbai, Pune, Thane, Raigarh and Haryana, UB is cranking up all its 31 breweries across the country to produce Ultra Max, the latest from the Kingfisher stable.
“We’ve spent 1.2 times of what we spent on the launch of Heineken,” he added. To be sure, Heineken beer was launched in India in 2011. Heineken NV of Netherlands is the majority shareholder of United Breweries.
India’s beer market has traditionally been driven by strong beer, which
...More info on site
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North Korea: Brewing among the few areas North Korea might be praised for
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There are a few areas in which North Korea has an advantage over rival South Korea: underground resources and cheap labor are among them.
But some would argue that beer in the North is also much better than that produced in South Korea, Korea JoongAng Daily reported on April 22.
One defender of North Korean beer is Daniel Tudor, a former Seoul correspondent for The Economist.
In a 2012 article for the magazine, Tudor declares South Korean beer “boring” - so much so that even North Korean beer is more appealing. “Brewing remains just about the only useful activity at which North Korea beats the South,” he wrote. “The North’s Taedonggang Beer, made with equipment imported from Britain, tastes surprisingly good.”
The acknowledgement came as a slap in the face to South Korean beer producers. Though it’s a rather hard point to quantify - how and why, exactly, does North Korean beer taste better? - it tasted better to him.
With the weather warming now, an increasing number of North Koreans are lining up to drink after work. One of their favorite domestic brands is Taedonggang, into which late leader Kim Jong-il put particular care, making it one of the country’s best.
...More info on site
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The Netherlands & the UK: Some Dutch farmers start growing barley for Scottish whisky industry
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Some 30 Dutch farmers in the northern provinces of Groningen and Friesland have turned over some of their land to grow barley for the Scottish whisky industry, broadcaster Nos reported on April 18.
The worldwide growth in whisky consumption has forced Scottish distilleries to look for alternative sources of barley and the clay soil in the north of the country is ideal for growing the crop.
Now a group of farmers in the Netherlands have agreed to grow barley for the Scots – under the supervision of Agrifirm, a cooperative which specialises in growing grain.
Some 30 farmers have signed up for the project. Malting barley for whisky generates 10% more in income than barley for the beer industry.
Ate Bijlsma, a farmer in the Frisian village of Firdgum, says he welcomes the challenge. ‘We have to be innovative,’ he told Nos. ‘At the moment, there is no added value in it for us, but perhaps there will be, if the Scots are enthusiastic about our growing methods and our product.’
In total, the Dutch farmers have sown 300 hectares of barley for the whisky industry and the first crop will be ready to harvest in August. ‘Then it really
...More info on site
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UK: Molson Coors’ Carling beer becomes Scotland’s number two brand by volume
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The head of Molson Coors in Scotland has underlined the brewer's ambition to shake up the beer scene north of the Border after its Carling brand rose to command its biggest ever share of the Scottish lager market, The Herald reported on April 20.
Carling, the UK's biggest selling lager, became Scotland's number two by volume after growing by 22 per cent in 2014, buoyed by growing customer numbers and increasing its rate of sale in outlets.
It was the only top five standard lager to grow in a market which declined by two per cent, climbing to take a 8.7 per cent of total lager market in Scotland, data by industry analyst CGA found.
Carling's rise up the lager charts has come more than a decade after its high-profile launch into the market as shirt sponsor of Rangers and Celtic.
It underlines the continuing thirst for mainstream lager among drinkers in Scotland, in spite of the burgeoning craft beer movement.
Hugo Mills, the executive hired from Gruppo Campari to head Molson Coors in Scotland a year ago, said the brand's heavyweight push into Scotland had given it a "high awareness" among drinkers.
Now he intends to build on that by taking a new approach to
...More info on site
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