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E-Malt.com Newsletter 11a
March 14 - March 16, 2016
Quote of the Week
For success, attitude is equally as important as ability.
Walter Scott
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Currency Rates
Base Currency: US Dollar
on March 16, 2016 |
Base Currency: Canadian Dollar
on March 16, 2016 |
| |
1 USD = 0.9005 EUR
1 USD = 0.7032 GBP
1 USD = 1.3330 CAD
1 USD = 1.3373 AUD
1 USD = 113.2700 JPY
1 USD = 3.6851 BRL
1 USD = 70.5408 RUB
1 USD = 6.5129 CNY
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1 CAD = 0.7501 USD
1 CAD = 0.5275 GBP
1 CAD = 0.6754 EUR
1 CAD = 1.0030 AUD
1 CAD = 84.9600 JPY
1 CAD = 2.7640 BRL
1 CAD = 52.9835 RUB
1 CAD = 4.8850 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: The “King of Beers” but suffers from continuous volume decline
...Click here
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USA, CO & FL: Oskar Blues Brewery acquires Cigar City Brewing in Tampa
...Click here
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USA, NC: Cabarrus Brewing Co. getting ready for grand opening on March 18
...Click here
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USA, DE: Big Oyster Brewery to launch new brewery in Lewes this summer
...Click here
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USA, NY: Southern Tier Brewing quickly grows beyond presence in Western New York
...Click here
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USA, MI: Farmington Brewing Company to expand operations just 16 months after debut
...Click here
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USA, NE: Kinkaider Brewing Co. set to triple beer output
...Click here
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USA, IL: Route 51 Brewing Co. opening soon in Elkville
...Click here
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USA, MT: Cross Country Brewing eyeing mid-May opening in Glendive
...Click here
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USA, WA: Kent’s Airways Brewing moving into a larger facility this spring
...Click here
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Europe: AB InBev looking to sell jumbo bond deal in Europe
...Click here
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Russia: Carlsberg to remain in Russia despite problems, vows to improve return on capital
...Click here
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India: Heineken appoints investment bank JM Financial to help increase its stake in United Breweries
...Click here
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EU: The European Commission increases forecast of feed barley usage and barley and malt exports
...Click here
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China: Barley imports totaled 362 thousand tonnes in January
...Click here
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Jamaica: Nearly J$3 bln worth of Desnoes & Geddes shares still out of Heineken control
...Click here
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Australia: Carlton & United Breweries to reclaim its place as Australia’s No. 1 brewer after AB InBev’s takeover of SABMiller
...Click here
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Graph of the Week
Table of the Week
World Barley Import, Production, Consumption, and Ending Stocks by Region
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
STABILITY OF HOP AROMA COMPOUNDS IN BEER
ABSTRACT
Using the U.S. hop variety Lemondrop, a German
research team investigated how beer type influences
the concentrations of hop aroma compounds
and how these concentrations change over time.
With the GC-method described they were able to
determine not only monoterpene alcohols and some
sesquiterpenes, but also various esters in the late and
dry hopped beers. The results showed significantly
higher concentrations of the mono- and sesquiterpenes
myrcene, beta-caryophyllene, alpha-humulene, beta-farnesene
and beta-limonene in the pale ale style beer when
compared to pilsner type beer (maybe filtration has an
effect). No significant differences in these two beers
styles were found for the more polar terpene alcohols
linalool, geraniol, and alpha-terpineol. Only the amount of
beta-citronellol differed, which was lower in the pale ale.
The behavior of esters among themselves was different.
A significantly higher amount of isoamyl acetate was
detectable in the pale ale, and little difference was
seen in 2-methylbutyl isobutanoate between the two beers types. Ethyl dodecanoate was detectable in a
higher amount in the pilsner as compared to the pale
ale. It was thought that perhaps the differences for
esters were influenced by the types of yeast used in
fermentation. A higher concentration of 2-undecanone
was seen in the pale ale but no significant differences
were detected for 2-nonanone and 2-decanone. With
regard to stability of the aroma compounds, all showed
a decrease in concentration over the storage time of 12
months except for alpha-terpineol.
Schmidt, CHeadspace Trap GC-MS analysis of hop aroma compounds in beer, Brewing
Science, January / February 2016 (Vol. 69)
Read more
Source: Barth Innovations
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These Days in Business History
14 March
1634 - Academie Francaise opens
1821 - On one of the quietest days in Wall Street history, the market is open, but not a single share of stock changes hands
1950 - General Motors reports net earnings of $656,434,232 (record)
15 March
1817 - The New York Stock Exchange officially prohibits the "fictitious sales," or wash sales, that had enabled speculators to manipulate individual stocks without even owning them
1827 - University of Toronto is chartered
1892 - 1st escalator patented by inventor Jesse W. Reno (New York City)
1906 - Rolls-Royce Limited is incorporated
1933 - Polythene discovered by Reginald Gibson and Eric William Fawcett
1935 - Percy Shaw founded his company Reflecting Roadstuds Limited to make cat's eyes
1985 - The first Internet domain name is registered
16 March
1915 - United States Trade Commission organizes
1933 - President Franklin D. Roosevelt takes the U.S. off the gold standard, removing the yellow metal from coinage and circulation, even banning it as a collectible
1987 - IBM releases PC-DOS version 3.3
2014 - Crimea votes in a controversial referendum to secede from Ukraine to join Russia
Agenda
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: The “King of Beers” but suffers from continuous volume decline
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There's no doubt when it comes to the amount of beer brewed, Anheuser-Busch InBev reigns supreme in the U.S., where it accounts for 46% of the market all by itself, as well as globally, where it is also the largest brewer in the world, The Motley Fool reported.
In 2015 AB InBev brewed 413 million hectolitres of beer - that's some 10.9 billion gallons, or over 351 million barrels - while No. 2 brewer SABMiller reported it produced 324 million hectolitres last year, or 276 million barrels. In comparison, leading US craft brewer Boston Beer produced 4 million barrels. And the 4,100 craft breweries in existence in the U.S. today collectively produced just 22 million barrels.
But if bigger were always better, then Anheuser-Busch, Miller, and No. 3 brewer Molson Coors would be seeing sales grow, and in the USA that is not the case. According to the Brewers Association's mid-year report last July, craft production volumes were up 16% over 2014 and had reached an 11% share of total volume production for beer, which on a retail dollar basis, gave the industry almost 20% market share. Considering the total beer market itself was up just 0.5% in 2014, it's been the
...More info on site
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USA, CO & FL: Oskar Blues Brewery acquires Cigar City Brewing in Tampa
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Cigar City Brewing, a linchpin among the Bay area craft-beer community, has been sold to Colorado's Oskar Blues Brewery, according to the Tampa brewery's official statement.
According to multiple sources, Boston-based private equity firm Fireman Capital Partners owns a controlling interest in the extremely hip Oskar Blues brand.
The acquisition, whose terms haven't been disclosed, puts rumors of Cigar City's purchase to rest and also comes during a time of growing competition within the craft beer industry.
Founder Joey Redner will continue as Cigar City's CEO.
"Cigar City is facing next-level challenges and we needed to develop next-level skills and resources to meet them," Redner said in the statement.
The partnership with Oskar Blues, a brewery with years of large-scale growth, expansion expertise and resources, will strengthen the future position of both operations. It will also "provide additional investment for Cigar City's infrastructure growth within Florida."
"What Cigar City has done for the community of Florida craft beer is impressive. It's important for our culture to do business with people we want to hang out with and Joey and the gang fit," said Dale Katechis, founder of Oskar Blues.
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USA, NC: Cabarrus Brewing Co. getting ready for grand opening on March 18
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Cabarrus Brewing Co. — Concord’s first large scale brewery operation — will be holding their grand opening Friday, March 18, IndependentTribune.com reported on March 15.
Cabarrus Brewing Co. will be open to the public 2 p.m. to 10 p.m. Friday, noon to 10 p.m. Saturday and noon to 10 p.m. Sunday. The brewery is located at Gibson Mill at 329 McGill Ave. NW, Concord.
In June 2015, officials with Cabarrus Brewing Co. announced they were spending more than $1 million to upfit a roughly 15,000-square foot space at Gibson Mill. There brewing company was once the finished goods warehouse for Gibson Manufacturing Co. and served as part of Cannon Mills Plant 6. The operation is large enough to produce 90,000 gallons of beer a year.
Jason McKnight is the head brewer for Cabarrus Brewing Co. and has already seen patrons respond to his product, thanks to a recent event held for United Way of Central Carolinas - Cabarrus County.
“It’s great,” McKnight said. “That’s what it is all about really is enjoying the product that you brew and that’s really the reason we do it. It’s not just for the love of the beer, but the love of the people enjoying their beer.”
Cabarrus Brewing
...More info on site
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USA, DE: Big Oyster Brewery to launch new brewery in Lewes this summer
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It may have been only about a year since Big Oyster Brewery starting brewing beer at Fins Ale House and Raw Bar in Rehoboth Beach, but it's already time for an upgrade, Cape Gazette reported on March 11.
Operating a seven-barrel system in a corner of Fins' Coastal Highway location, brewmaster Andrew Harton has produced enough beer to serve both Fins locations and about 40 other restaurants statewide.
But with demand continuing to rise, it's time to expand the operation. This summer, Big Oyster will be opening a new 6,000-square-foot facility at the former Silk and Sands Florist property on Kings Highway just outside the city limits of Lewes. The new spot will serve primarily as a production facility for Big Oyster Brewery, but it will also feature a restaurant.
“Basically, it's a small brewpub that will complement what we are already doing at Fins,” said owner Jeff Hamer. “However, the food will be very different, with a concentration on using our beers in the recipes. [It will be] a more complete mix of land and sea, but it will still have a rocking raw bar.”
The facility will have a 15-barrel system with 30-barrel fermenters, a system similar to what's found at 16
...More info on site
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USA, NY: Southern Tier Brewing quickly grows beyond presence in Western New York
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Southern Tier Brewing Co. recently tapped into some deep pockets, and the new business structure is quickly beginning to accomplish what the brewery set out to do: grow beyond its presence in Western New York, Buffalo News reported on March 11.
The Lakewood brewery has been busy. In just the last few months, it has formed a new parent company, acquired a popular Pennsylvania brewery, and has put into motion plans for two breweries – one in Charlotte, N.C., and one in Pittsburgh.
Artisanal Brewing Ventures, the parent company Southern Tier formed with Manhattan private equity firm Ulysses, has set up operations in Charlotte. That facility is centrally located to service the company’s market areas, which are predominantly in the eastern United States.
Last month, Artisanal Brewing Ventures acquired another small brewer, Pennsylvania’s Victory Brewing Co.
But Artisanal Brewing Ventures’ presence in Charlotte won’t be limited to corporate offices. A shared production facility is in the works, with a 50-barrel production system. It will serve both brands of beer and have a tap room.
The company will add up to 50 jobs to support production there.
Southern Tier’s Pittsburgh brew pub will be located between two sports venues, Heinz Field and PNC Park. Plans call for
...More info on site
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USA, MI: Farmington Brewing Company to expand operations just 16 months after debut
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Just 16 months after its debut on Grand River Avenue, the Farmington Brewing Company needs more space to keep the taps flowing and the mugs full, Hometownlife.com reported on March 13.
Owners of the popular brewery in downtown Farmington are planning to expand operations about a mile south, to a rented space on Nine Mile Road. On March 7, the Farmington City Council gave its OK for a liquor license so they can brew there, as required by the Liquor Control Commission.
“It’s a good sign we picked the right area to start this project. We’ve wildly exceeded our ability to produce enough beer,” said Jason Schlaff, who owns the brewery with his dad, Gary Schlaff, and friend, Jason Hendricks.
The three business partners recently leased a suite at the Noonan Electric building, located just east of Farmington Road.
The new space will be for production, storage and distribution, but no retail sales are permitted due to its industrial zoning.
“Essentially, it’s another microbrewery location” for those limited activities, said City Attorney Tom Schultz.
Hendricks said their craft brews continue to grow in popularity, and besides their place in downtown Farmington several other establishments carry them. Customers will find FBC products at restaurants in Farmington, Farmington
...More info on site
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USA, NE: Kinkaider Brewing Co. set to triple beer output
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Kinkaider Brewing Co. at 43860 Paulsen Road in Broken Bow is set to triple its beer production in its second year of business, Kearney Hub reported on March 12.
“We are very excited for this expansion in our brewing capacity and as long as folks continue to drink our beer we will keep producing exceptional beer brewed right here in Broken Bow,” said Cody Schmick, owner and front of house manager.
The business has also secured beer placement in more than 200 Nebraska retail accounts from Omaha to Ogallala. Schmick said the business is looking to eventually expand to the Panhandle.
Kinkaider Brewing is a farm craft brewery producing small-batch beer on a two-acre farm a mile north of Broken Bow. The business was started in December 2014.
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USA, IL: Route 51 Brewing Co. opening soon in Elkville
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Chris Harris has found a way to combine his love for beer and music into one facility.
Harris is the majority owner with three other investors in the Route 51 Brewing Co., and they are renovating the former Purcell’s Carpet Building just south of Elkville on U.S. 51, The Southern reported on March 15.
The other investors are John White, Robert Eaton and Mark Toliver.
There are plans for a banquet room, tasting rooms, three music stages, a spacious beer garden, several bars and a parking lot to hold up to 300 or more vehicles.
Harris said the banquet room would be able to host special events and wedding receptions. He said the banquet hall will have a modern feel for special events, but in the tasting room just a few feet to the right, there will be an industrial feel just as the name implies.
The tasting room is planned to have an open feel with a long bar in the back of the room, several custom tables fabricated by local artists that will give the illusion of a highway with the brewery’s logo in the middle and a professional sound stage.
“I want you to walk in here and feel like you are
...More info on site
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USA, MT: Cross Country Brewing eyeing mid-May opening in Glendive
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A new Eastern Montana business is hoping to produce 200 barrels a year, but it won’t be oil in the tanks at the old Cross Petroleum office building in Glendive, Billings Gazette reported on March 16.
Family-owned brewery Cross Country Brewing is eyeing a mid-May opening at its East Allard Street location, where customers will be able to enjoy a variety of brother-brewed beers.
The brewery will be operated by Justin and Lonnie Cross; their two sons, Elliot and John; and their sons' wives, Jenay and Kathy.
John Cross, a land surveyor, and Elliot Cross, a music teacher at Huntley Project, share the brewing duties. The two took up brewing as a hobby more than half a decade ago. Opening day should have taps reserved for John's recipes — a brown ale and an American pale ale — and Elliot's recipes — an India pale ale and an Irish red.
Already familiar with breweries in the region, a June 2011 road trip brought the brothers and their wives together, with the goal of seeing as many Western Montana breweries as possible in a week. The group ended up hitting 27 breweries by week's end.
Adding to the challenge was Kathy Cross’ dislike of beer.
...More info on site
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USA, WA: Kent’s Airways Brewing moving into a larger facility this spring
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Kent’s Airways Brewing will move this spring to a new, larger brewery and tap room, Kent Reporter said on March 14.
“We’re excited to officially unveil our plans to relocate our brewery and tap room to a larger, more visible location in Kent,” said Alex Dittmar, founder and head brewer at Airways Brewing Company in a media release. “We considered many options on how and where to grow, but after an exhaustive search, we’re happy to have found a great space in Kent that will allow us to increase our production, as well as provide a better quality experience for our tap room guests.”
Construction on the new, 9,000-square-foot space along South 212th Street (at an existing warehouse just east of 84th Avenue South) has started and is expected to be done in the spring. Airways will reveal the exact address when construction is finished.
Airways currently operates out of a 2,000-square-foot facility at 6499 S. 196th St. The company expects to increase seating capacity in the tap room to about 75 to 100 from 45.
To celebrate the move, Airways last week released its 6th Anniversary Mosaic Pilsner, a German-style Pilsner features florally Mosaic hops with flavors and aromas of tropical fruit, citrus,
...More info on site
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 EU: Malt business quite active in February
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Domestic EU malt business was quite active during February. It is estimated that brewers have covered at least one third of their demand for
...More info on site
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Europe: AB InBev looking to sell jumbo bond deal in Europe
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Anheuser-Busch InBev NV is looking to sell a jumbo bond deal in Europe on March 16 to finance a portion of its $108 billion
...More info on site
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Russia: Carlsberg to remain in Russia despite problems, vows to improve return on capital
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Carlsberg will remain in Russia, despite the problems it faces there, as the Danish brewer vowed to improve its return on capital under a
...More info on site
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India: Heineken appoints investment bank JM Financial to help increase its stake in United Breweries
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Dutch beer giant Heineken has appointed investment bank JM Financial to help increase its stake and control in United Breweries in yet another sign
...More info on site
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EU: The European Commission increases forecast of feed barley usage and barley and malt exports
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In their S/D balance of end January, the European Commission increased the numbers of feed usage (37 mln tons) and exports of barley and
...More info on site
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China: Barley imports totaled 362 thousand tonnes in January
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In January, China’s barley imports were 362,000 tons, of which only 57,000 tons from France, 128,000 tons from Australia, and 178,000 tons from Canada,
...More info on site
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Ireland: Alcohol consumption down dramatically
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Alcohol consumption has fallen dramatically in Ireland since the height of the boom, with sales of beer, cider, spirits and sparkling wine plummeting by
...More info on site
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Jamaica: Nearly J$3 bln worth of Desnoes & Geddes shares still out of Heineken control
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Nearly J$3 billion worth of Desnoes & Geddes shares remain outside of the control of international brewery giant Heineken, which sought to fully acquire the local brewery that trades as Red Stripe Jamaica, The Gleaner reported on March 16.
It signals on the surface that some local shareholders defied selling and now retain hold on a combined 117.6 million shares or 4.2 per cent of Red Stripe. The combined market value of those shares up to January 14 totalled J$2.89 billion since the stock closed at J$24.73. That equates to more value than many of Jamaica's medium-sized companies.
"Following the completion on 21st January of the tender offer to purchase for cash all outstanding ordinary shares of D&G, Heineken holds 95.8 per cent of the share capital of this company," said Heineken chief executive Jean-FranÁois van Boxmeer in the company's newly released annual report.
Heineken had sought to acquire all the 2.8 billion outstanding shares in Red Stripe. It needed to hit a threshold above 80 per cent in order to follow through on plans to delist the beer stock.
Despite the possibility of delisting from the JSE, the stock continues to trade periodically: on March 10, 60,280 units traded; on March 3, trades
...More info on site
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Australia: Carlton & United Breweries to reclaim its place as Australia’s No. 1 brewer after AB InBev’s takeover of SABMiller
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Carlton & United Breweries will reclaim its place as Australia’s number one brewer in the wake of Anheuser-Busch InBev’s takeover of SABMiller, acknowledges Lion Beer Wine & Spirits managing director James Brindley.
“We’re currently the largest brewer in Australia, but with AB InBev taking over SABMiller, I think that’s only for a few more months,” Brindley told the Institute of Brewers and Distillers 2016 Convention in Sydney on March 15, Australian Brews News reported.
“The crown of the largest brewer, or I can say in Spanish, the Corona of the largest brewer, is going to pass back to CUB,” he said.
The ACCC has proposed a date of April 14 to announce the findings from its investigation into the local impacts of the deal dubbed ‘Megabrew’.
Competition law expert John Kettle last year told Australian Brews News the transaction is just about guaranteed safe passage in this market.
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Latvia: Beer output declines 11.51% in January
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A total of 47.55 hl of beer were produced in Latvia in January 2016, which is a reduction by 11.51% as compared to January 2015, informs LETA, according to the information from the Latvian State Revenue Service.
In January 2016, Latvia imported 43.9 hl of beer, down 0.13% from January 2015.
Altogether 78.54 hl of beer were released for consumption in Latvia in January this year, down 17.78% year-on-year.
Beer exports rose 58.42% in January 2016 to 6.03 hl compared to 3.81hl in January 2015.
Beer production in Latvia in 2015 totalled 0.86 mln hl - a 12% drop from 2014.
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