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E-Malt.com Newsletter 08b
February 25 - February 28, 2016
Quote of the Week
If everyone is moving forward together, then success takes care of itself.
Henry Ford
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Currency Rates
Base Currency: US Dollar
on February 26, 2016 |
Base Currency: Canadian Dollar
on February 26, 2016 |
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1 USD = 0.9071 EUR
1 USD = 0.7173 GBP
1 USD = 1.3662 CAD
1 USD = 1.3904 AUD
1 USD = 112.3800 JPY
1 USD = 3.9481 BRL
1 USD = 76.3929 RUB
1 USD = 6.5250 CNY
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1 CAD = 0.7318 USD
1 CAD = 0.5249 GBP
1 CAD = 0.6639 EUR
1 CAD = 1.0175 AUD
1 CAD = 82.2400 JPY
1 CAD = 2.8893 BRL
1 CAD = 55.6584 RUB
1 CAD = 4.7751 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: AB InBev’s lower fourth quarter profit reflects ongoing struggle in the US market
...Click here
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Canada & USA: Molson Coors Brewing Company declares dividends payable to shareholders
...Click here
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USA, NY: Brooklyn Brewery looking for a spot for its brewing operations
...Click here
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USA, IL: Ten Ninety Beer Company opening own facility in Glenview
...Click here
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Canada, SK: Churchill Brewing launches own brand line-up
...Click here
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USA, OR & CA: Oregon’s 10 Barrel Brewing to build new brewpub in San Diego
...Click here
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USA, PA: Desperate Times brewery could be open by summer in Carlisle
...Click here
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Canada: Molson Coors Canada recreates 108-year-old ale recipe
...Click here
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Canada, ON: Dawson Trail Craft Brewery launches in Thunder Bay
...Click here
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USA, TN: Yee-Haw Brewing Co. to distribute its products in Chattanooga
...Click here
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World: AB InBev reports last year’s results, says works on getting regulatory clearance for SABMiller takeover
...Click here
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China & Brazil: AB InBev forecasts challenges in China and Brazil this year
...Click here
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Brazil: Ambev’s EBITDA up in Q4 and in full year 2015
...Click here
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Chile: Compania Cervecerias Unidas fourth-quarter results don’t match up with more favourable performances in past quarters
...Click here
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Australia: Barley crop disappoints in terms of malting quality this year
...Click here
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New Zealand: Volume of alcohol available for consumption declines but craft beer popularity increases in 2015
...Click here
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Russia: Government not to introduce export tax on barley
...Click here
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India: Vijay Mallya steps down as chairman of United Spirits Ltd
...Click here
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South Africa: South Africa may well become the biggest roadblock in AB InBevs’ takeover of SABMiller
...Click here
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Sri Lanka: Beer drinkers expected to switch to arrack as taxes on strong beer are now equal to those on hard liquor
...Click here
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Graph of the Week
Table of the Week
Canada Barley Supply and Disposition as of February 2016
Prices Evolution
Barley Prices
Canadian Malting and Feed Barley Prices
US Malting and Feed Barley Prices
French Malting and Feed Barley Prices
German Malting Barley Prices
Theoretical Malt Prices
Canadian Malt Prices
US Malt Prices
Theoretical EU Malt Prices
Scientific Digest
HOP FLAVOROMICS - THE SKY IS THE LIMIT
ABSTRACT
The continued release of novel hop varieties with
uniquely identifiable organoleptic characters is
evidence that the flavour potential of hops has not
been fully explored. Plus, the genetic basis of hop
organoleptic chemistry is relatively poorly understood.
A mapping cross containing 166 genotypes has been
established into two replicated field trials (Tasmania
and Victoria, Australia), separated by about 5 degrees latitude.
To date we have collected two years of data on
various parameters. Such data allows analysis of
genetic variation and genotype by site interactions.
However, the ultimate aim for the study is to obtain an
extended chemical phenotype of hop flavour volatiles,
polyphenols, glycosides, laboratory scale beer volatile
SPME profiles, and to integrate this with organoleptic
data. Successful completion of this hop flavoromics
study will allow the identification of quantitative
trait loci (QTL) in hop directly associated with beer
organoleptic traits.
Whittock, S.: Hop flavoromics for distinctive beer, , IHS Yakima, August 2015
Read more
Source: Barth Innovations
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These Days in Business History
25 February
1791 - 1st Bank of U.S. chartered
1837 - 1st U.S. electric printing press patented by Thomas Davenport
1862 - Paper currency introduced in U.S. by President Abraham Lincoln
26 February
1848 - 2nd French Republic proclaimed
1907 - Royal Oil and Shell merge to form British Petroleum (BP)
1993 - World Trade Center bombing
1995 - Barings Bank, one of the oldest and most distinguished investment banks in the world, declares bankruptcy
27 February
1557 - 1st Russian Embassy opens in London, Russia and U.S. sign trade agreement
1990 - Exxon Corp and Exxon Shipping are indicted on 5 criminal counts
1998 - Apple discontinues developing Newton computer
28 February
1956 - Forrester issued a patent for computer core memory
1982 - American Telephone and Telegraph Co. looses record $7 BILLION for fiscal year ending on this day
1986 - European Economic Community sign "Special Act" for Europe free trade
Agenda
February 2016:
05-07: Alltech Craft Brews & Food Fair 2016 (Dublin, Ireland)
06-07: Bruges Beer Festival 2016 (Bruges, Belgium)
12-15: HoReCa 2016 (Athens, Greece)
17-20: Camra's National Winter Ales Festival 2016 (Derby, UK)
19-21: Finest Spirits 2016 (Munich, Germany)
20-23: Beer Attraction 2016 (Rimini, Italy)
26-28: Brau Kunst Live 2016 (Munich, Germany)
March 2016:
01-03: ProPak Vietnam 2016 (Ho Chi Minh City, Vietnam)
04-06: Barcelona Beer Festival 2016 (Barcelona, Spain)
07-09: VLB Brewing and Engineering Conference 2016 (Soest, Germany)
09-12: Brazilian Beer Festival 2016 (Blumenau, Brazil)
12: Festival de Cerveza Artesanal 2016 (San Jose, Costa Rica)
14-18: IBD Asia Pacific Convention 2016 (Sydney, Australia)
16-18: BeerX 2016 (Sheffield, UK)
16-18: Expo Antad & Alimentaria Mexico 2016 (Mexico City, Mexico)
23-25: St. Petersburg Brewers Forum 2016 (St. Petersburg, Russia)
April 2016:
03-07: Trends in Brewing 2016 (Ghent, Belgium)
07-09: Warsaw Beer Festival 2016 (Warsaw, Poland)
13-15: Siberian Beer 2016 (Novosibirsk, Russia)
15-16: Helsinki Beer Festival 2016 (Helsinki, Finland)
23-24: Zythos Beer Festival 2016 (Leuven, Belgium)
May 2016:
03-06: Craft Brewers Conference & BrewExpo America 2016 (Philadelphia, USA)
17-20: Beer (Pivo) 2016 (Sochi, Russia)
18-19: Brewing Equipment and Technology 2016 (Birmingham, UK)
19-21: Copenhagen Beer Festival 2016 (Copenhagen, Denmark)
20-18 June: Great Australian Beer Spectacular (GABS) 2016 (Melbourne - Sydney - Auckland, Australia)
25-29: Latvia Beer Fest 2016 (Riga, Latvia)
June 2016:
08-12: Mondial de la Biere 2016 (Montreal, Canada)
09-11: South Beer Cup 2016 (Curitiba, Brazil)
14-16: Shanghai International Brew & Beverage Manufacturing Technology and Equipment 2016 (Shanghai, China)
July 2016:
02: Beer Boot Camp 2016 (Johannesburg, South Africa)
07-10: Artbeerfest 2016 (Caminha, Portugal)
09: Beer Boot Camp 2016 (Cape Town, South Africa)
13-15: ProPack China 2016 (Shanghai, China)
August 2016:
05-07: The 20th International Berlin Beer Festival (Berlin, Germany)
09-13: The Great British Beer Festival 2016 (London, UK)
10-13: Vietfood & Beverage - ProPack 2016 (Ho Chi Minh, Vietnam)
13-17: World Brewing Congress 2016 (Denver, USA)
September 2016:
08-10: Irish Craft Beer Festival 2016 (Dublin, Ireland)
14-15: Food and Drink Technology Africa 2016 (Johannesburg, South Africa)
19-03 October: Oktoberfest 2016 (Munich, Germany)
24-25: Whisky Live Paris 2016 (Paris, France)
26-28: VLB Ibero-American VLB Symposium 2016 (Santiago de Chile, Chile)
28-30: Beer and Soft Drinks Industry - 2016 (Kyiv, Ukraine)
29-01 October: Stockholm Beer & Whisky Festival 2016 (Stockholm, Sweden)
October 2016:
06-08: Stockholm Beer & Whisky Festival 2016 (Stockholm, Sweden)
06-08: Great American Beer Festival 2016 (Denver, USA)
08-10: Brouwplus 2016 (Antwerp, Belgium)
11-14: China Brew, China Beverage 2016 (Shanghai, China)
21-23: The Finest Spirits & Beer Convention 2016 (Bochum, Germany)
November 2016:
08-10: Brau Beviale 2016 (Nuremberg, Germany)
09-12: Vietfood & Beverage - ProPack 2016 (Hanoi, Vietnam)
December 2016:
15-17: drink technology India 2016 (Mumbai, India)
More events are available on site www.e-malt.com
News Articles
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USA: AB InBev’s lower fourth quarter profit reflects ongoing struggle in the US market
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Anheuser-Busch InBev NV reported on February 25 a nearly 10% decline in fourth quarter profit that reflects its ongoing struggle in the U.S. market
...More info on site
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Canada & USA: Molson Coors Brewing Company declares dividends payable to shareholders
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Molson Coors Brewing Company on February 25 declared a regular quarterly dividend on its Class A and Class B common shares of US$0.41 per share, payable March 17, 2016, to shareholders of record on March 7, 2016.
The quarterly dividend is payable to holders of Class A and Class B common stock of Molson Coors Brewing Company.
In addition, Molson Coors Canada Inc. declared a quarterly dividend of approximately CDN$0.55 (the Canadian dollar equivalent of the dividend declared on Molson Coors stock), payable March 17, 2016, to its Class A and Class B exchangeable shareholders of record on March 7, 2016.
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USA, NY: Brooklyn Brewery looking for a spot for its brewing operations
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Brooklyn Brewery is looking at the Navy Yard and Industry City in New York as a potential spot for its brewing operations. The firm has been searching for space in the borough to relocate its manufacturing facilities there, Crain’s New York Business reported on February 23.
The brewery, famous for its namesake lager, currently has space in Williamsburg. According to Eric Ottaway, the company's chief operating officer and general manager, it is searching for as much as 60,000 square feet.
The bulk of Brooklyn Brewery's beer is made upstate in Utica, but the brewery has held onto its Brooklyn location because it is essential to its brand and is where it makes most of its specialty beers. The Williamsburg facility on North 11th Street, at 61-71 Wythe Ave., functions more than just as a brewing factory; it offers a tasting room and retail shop and gives visitors a chance to watch beer being made. Ottaway said the company wants its new location to serve a similar purpose.
"What is tricky is finding a space where we can do the manufacturing but also have the retail be an important component," Ottaway said. "It's hard to find a neighborhood that has the level
...More info on site
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USA, IL: Ten Ninety Beer Company opening own facility in Glenview
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Ten Ninety Beer Company, which contract brewed in Zion is now opening its own facility in Glenview where it will launch a taproom sometime within the next month, possibly before St. Patrick's Day, co-owner Brian Schafer was quoted as saying by Chicago Daily Herald on February 25.
The Ten Ninety Beer Company, founded in June 2012, is now making its beer at the new facility at 1025 Waukegan Road in the former Card & Party Giant space.
The 11,000-square-foot home in Glenview will feature an 89-seat taproom with an outdoor patio with an initial capacity of 5,000 barrels for production, said Urban Innovations, serving as contractor for the project.
Schafer and his co-founders Andy Smith, a patent attorney, and Jamie Hoban, a banker, named the brewery Ten Ninety or "1.090" because that is the approximate measurement of original gravity for each of the four flagship beers. This measurement, taken early in the brewing process, denotes a beer with a higher amount of fermentable sugars than most common beers. For comparison, a Budweiser is a comparatively watery 1.045 starting gravity. Water itself is 1.0.
"We launched with the high-gravity beers," Schafer said, adding that they have released 17 beers since starting nearly three years ago.
The
...More info on site
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Canada, SK: Churchill Brewing launches own brand line-up
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Prairie beer blog On Beer reports that a brewery that has been quietly producing beer exclusively for a western restaurant chain for the past year has now launched its own brand line-up.
Churchill Brewing was founded by brothers and restaurant industry veterans Ryan and Curtis Peet, who launched the brewery early last year with a contract to brew the house beers for the Saskatchwan and Manitoba locations of Original Joe’s, a strategy that has allowed the company to establish a regular cash flow while preparing for a wider launch.
Now, the brewery has released five beers under the Churchill brand – Churchill Blonde Lager, Plainsmen Pilsner, Rivermen Red Ale, Britisher English Brown Ale, and Sundog Belgian Wit – with the first four available in 355 ml cans at select private liquor stores in Saskatchewan, and all available on tap at licensees in Saskatchewan and Manitoba.
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USA, OR & CA: Oregon’s 10 Barrel Brewing to build new brewpub in San Diego
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10 Barrel Brewing, which operates a brewery in Bend, Oregon and brewpubs in Portland, Bend and Boise, Idaho, is headed to San Diego with plans to build out a new brewpub that will open this year at 1501 E Street, activating a dormant corner of 15th Street in the East Village, San Diego Eater reported on February 24.
The 10,450-square-foot space will house a 20 BBL brewhouse, with a nine tank farm and a dozen serving tanks, and will include a rooftop dining area; 15 tap handles will pour some of 10 Barrel's core beers, but the brewing system will be dedicated to R&D beers that will be unique to the San Diego location. Its head brewer will be a San Diego native who has brewed with 10 Barrel for several years. The brewpub's food offerings may feature a few signature items from its other outposts, but the majority of the from-scratch menu will be open to the creativity of the locally-installed chef.
Though the project has barely gotten off the ground, 10 Barrel's entry into San Diego has already attracted controversy, as some members of the local beer industry have taken issue with 10 Barrel's craft status. The 10-year-old brewery was
...More info on site
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USA, PA: Desperate Times brewery could be open by summer in Carlisle
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Desperate Times Brewery could be open by this summer in Carlisle, PA, according to a recent posting on its Facebook page.
The borough zoning hearing board in November granted a special exception application to the 7,800-square-foot microbrewery and tasting room planned for a building Carlisle Events has used in recent years for special displays during its car shows.
Documents on file with the borough detail a project that will include a 4,800-square-foot craft beer production and distribution operation in the back, while the front third of the building will be open to the public as a 3,000-square-foot tasting room with a limited food menu and seating for 30.
A microbrewery is not permitted by right use anywhere in the borough, so a special exception was needed to show that Desperate Times Brewery would be compatible with the intent of the C-3 General Commercial zoning district. A public hearing on the application was held on Oct. 1.
Tom Richey of Carlisle Events testified the tasting room is similar to such permitted C-3 uses as general retail, restaurants and beverage distributors. Matthew J. Dunn, who owns 80 percent of the brewery, also testified in support of the application.
A license to operate a microbrewery with a tasting
...More info on site
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Canada: Molson Coors Canada recreates 108-year-old ale recipe
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Molson Coors Canada says it's offering a limited release pale ale brewed from a 108-year-old recipe found deep in the company's archives, Toronto Sun reported on February 25.
Molson Coors says John H.R Molson and Bros. 1908 Historic Pale Ale was created to celebrate its 230 years of brewing in Canada.
The company says its brewmasters "worked tirelessly" to authentically recreate the pale ale of 1908, right down to the most minute details, combining diverse malts, heirloom hops and century-old fermentation techniques.
During the brewing process, the density and temperature measurements had to be recorded every few hours to ensure consistency.
As an unfiltered beer, each batch of the 1908 brew has its own unique qualities and the company says it can be enjoyed cold, or even at warmer temperatures.
The recipe is one of the many historic documents found in approximately 400 cartons of Molson archives.
"To try and replicate the flavours and nuances of the early twentieth century recipe, we went deep into the archives to uncover every last detail behind this historic brew," said brewmaster Keith Armstrong.
"We sat down with maltsters, barley and hops breeders from across the globe to identify the correct ingredients to mix with Molson's ancient ale yeast derived from
...More info on site
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Canada, ON: Dawson Trail Craft Brewery launches in Thunder Bay
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The Northern Ontario city of Thunder Bay is about to welcome its second small brewery, with the opening later this week of Dawson Trail Craft Brewery, Canadian Beer News reported on February 22.
Located at 905 Copper Crescent – a short walk from Thunder Bay’s other brewery, Sleeping Giant Brewing – Dawson Trail is being launched by partners and experienced homebrewers George Renner and John Kivinen.
Dawson Trail was scheduled to open growler sales on February 25th at 4:00 PM. More details, including the beers that will be available to purchase, are expected to be announced on the brewery’s Facebook page.
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USA, TN: Yee-Haw Brewing Co. to distribute its products in Chattanooga
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Johnson City-based Yee-Haw Brewing Co. will start distributing products in Chattanooga on Feb. 29, Nooga.com reported on February 24.
Since its launch in 2015, the craft brewery has grown to more than 500 distribution locations in the Knoxville and Tri-Cities area, according to a news release.
"Yee-Haw Brewing is committed to making approachable beers that celebrate good times and good company," according to a news release. "Brandon Greenwood, one of the most talented brewmasters in the country, is ready to introduce a new breed of craft beer drinkers to his tantalizing lineup of drinkable ales and lagers."
For Chattanooga distribution, Yee-Haw will be working with Carter Distributing, which services a nine-county area: Bradley, Hamilton, Marion, McMinn, Meigs, Monroe, Polk, Rhea and Sequatchie counties.
Yee-Haw Brewing will be debuting their four flagship beers—pilsner, pale ale, Eighty Shilling Scottish ale and Dunkel dark lager—in Chattanooga. The products can be found on draft in area bars and restaurants, as well as in six-packs in local grocery and convenience stores, including Food City.
A series of launch events at Chattanooga-area restaurants and bars are planned for the coming weeks.
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World: AB InBev reports last year’s results, says works on getting regulatory clearance for SABMiller takeover
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Anheuser-Busch InBev NV said on February 25 that fourth-quarter net profit was pressured by falling emerging market currencies but that it remains on track
...More info on site
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China & Brazil: AB InBev forecasts challenges in China and Brazil this year
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Anheuser-Busch InBev, the world's largest brewer, has hiked its proposed dividend but forecasts challenges in major markets like China and Brazil, after fourth-quarter earnings
...More info on site
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Brazil: Ambev’s EBITDA up in Q4 and in full year 2015
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Ambev S.A. announced on February 24 its results for the 2015 fourth quarter and full year 2015. The following operating and financial information, unless
...More info on site
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Chile: Compania Cervecerias Unidas fourth-quarter results don’t match up with more favourable performances in past quarters
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Historically, the beverage business has been a great place to make money, and Chile's Compania Cervecerias Unidas (CCU), also known as United Breweries, saw
...More info on site
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Australia: Barley crop disappoints in terms of malting quality this year
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Australia’s barley crop is now estimated by ABARES at 8.5 mln tonnes but other industry observers put it far above this figure, H. M.
...More info on site
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New Zealand: Volume of alcohol available for consumption declines but craft beer popularity increases in 2015
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More sophisticated palates and the introduction of strict drink driving laws are believed to be factors in a reduction in the volume of alcohol
...More info on site
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Russia: Government not to introduce export tax on barley
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Russia’s government is not planning to introduce any export taxes on barley or any other crops besides the current tax on wheat shipments, Deputy Prime Minister Arkady Dvorkovich was quoted as saying by RIA Novosti on February 24.
Mr. Dvorkovich said the government was also working on reducing the tax on hi-pro wheat.
Since the beginning of the current campaign and till February 17, Russia’s barley export totalled 3.469 mln tonnes.
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India: Vijay Mallya steps down as chairman of United Spirits Ltd
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UB Group chairman Vijay Mallya has stepped down as non-executive chairman of United Spirits Ltd, controlled by Diageo Plc., after striking a sweetheart deal with the UK firm which agreed to drop all charges of irregularities under his watch, and pay him $75 million over five years in return for getting him to go, Livemint reported on February 26.
Diageo and Mallya have been sparring for some time over his exit.
One-time billionaire Mallya, known as much for his breadth of ambition as his flamboyance, does not have a group to call his own at this point of time. He controls holding company United Breweries (Holdings) Ltd whose ownership in India’s largest spirits maker United Spirits has fallen to less than 3%; he’s no longer the largest shareholder in United Breweries Ltd; and he has lost management control of Mangalore Chemicals and Fertilizers Ltd.
He has also been declared a “wilful defaulter” by some banks that loaned money to his now-grounded Kingfisher Airlines.
“Having recently turned 60, I have decided to spend more time in England, closer to my children,” Mallya said in a statement.
Diageo said in a statement that the United Spirits board will appoint Mahendra Kumar Sharma, currently independent non-executive director and
...More info on site
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South Africa: South Africa may well become the biggest roadblock in AB InBevs’ takeover of SABMiller
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South Africa may well become the biggest roadblock for Anheuser-Busch InBev NV's proposed takeover of SABMiller PLC, a $108 billion deal that would combine the world's two biggest brewers, MarketWatch reported on February 24.
A key challenge is coming from places like the farm owned by Annemarie Filmalter, which has supplied about 50 tons of hops a year to SABMiller for more than a decade. She said the takeover has unsettled her half-dozen employees, who this week are headed to the fields near the country's southern coast to harvest hops. "People worry about jobs," Ms. Filmalter said.
Concerns like these have led the Congress of South African Trade Unions, which represents employees across the country, to oppose the AB InBev-SABMiller merger. Because of AB InBev's reputation for cutting costs and shedding jobs, it is gearing up to fight the deal.
That has sown doubts in some quarters about whether AB InBev will be able to secure South African regulatory approval and close the deal during the second half of the year, as planned.
The deal will test a unique aspect of South Africa's regulatory process that requires weighing a deal's impact on so-called "public interest," namely employment in a country where about one in
...More info on site
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Sri Lanka: Beer drinkers expected to switch to arrack as taxes on strong beer are now equal to those on hard liquor
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Arrack drinkers who were switching to beer until last year would now move back into the hard alcohol after Sri Lanka’s finance ministry hiked taxes on strong beer by 70 percent over the last year, Fitch Ratings said.
"We expect the trend of drinkers switching to beer from hard liquor to reverse in 2016, as taxes on the alcohol content in strong beer have caught up with those on hard liquor (spirits) after increases in excise taxes in October and November 2015," Fitch Ratings said.
The rating agency confirmed an 'AAA(lka)' rating on Distilleries Company of Sri Lanka, the island's largest hard liquor maker.
Distilleries accounted for around half of Sri Lanka's total alcoholic beverage production and 72 percent of the country's total arrack production, Fitch said.
Arrack production declined 3 percent a year over 2011 to 2014, resulting in a smaller share in alcohol sales for arrack.
But, Fitch expects sales of spirits to grow in the mid-single digits over the next three years, which will help the segment to regain lost market share.
"Disposable income is likely to rise, driven by higher per capita income along with the mid-single digit economic growth for Sri Lanka, and following the recent increase in public-sector pay, higher
...More info on site
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