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E-Malt.com Newsletter 16b
April 21 - April 24, 2016
Quote of the Week
The government will fall that raises the price of beer.
Czech proverb
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Currency Rates
Base Currency: US Dollar
on April 22, 2016 |
Base Currency: Canadian Dollar
on April 22, 2016 |
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1 USD = 0.8847 EUR
1 USD = 0.6972 GBP
1 USD = 1.2671 CAD
1 USD = 1.2837 AUD
1 USD = 109.6500 JPY
1 USD = 3.5266 BRL
1 USD = 65.0254 RUB
1 USD = 6.4765 CNY
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1 CAD = 0.7891 USD
1 CAD = 0.5501 GBP
1 CAD = 0.6981 EUR
1 CAD = 1.0129 AUD
1 CAD = 86.5200 JPY
1 CAD = 2.7828 BRL
1 CAD = 51.8158 RUB
1 CAD = 5.1104 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, GA: Scofflaw Brewing Co. expected to launch in Atlanta in June
...Click here
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USA & South Korea: Brooklyn Brewery planning brewing partnership in South Korea
...Click here
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Canada, ON: 4 Degrees Brewing launched in Smiths Falls in March
...Click here
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Canada & Grenada: British Columbia’s Dead Frog Brewery aims at opening offshoot brewery in Grenada
...Click here
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USA, CT: Epicure Brewing preparing to launch in Norwich soon
...Click here
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Canada, AB: Boiling Oar Brewing opens its doors in Month and is already getting ready to expand
...Click here
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USA, MI: Wolverine State Brewing Company doubles production capacity and plans to increase distribution
...Click here
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Canada, ON: Skeleton Park Brewery launches its first beer in Kingston
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World: SABMiller’s lager volume up 3% in the three months to March 31
...Click here
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China: China Resources Beer reports whopping 460% jump in January-March quarter
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Venezuela: Empresas Polar warns it will be forced to stop brewing after April 29
...Click here
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Australia: Malting barley supplies too small this year
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EU: Spring barley plantings progressing in Europe’s main barley producing countries
...Click here
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Nigeria: Guinness Nigeria Plc reports 83% decline in nine-month profit
...Click here
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Malaysia: Carlsberg Brewery Malaysia expects tough year 2016
...Click here
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Australia: The Australian Competition and Consumer Commission once again delays decision on AB InBev’s takeover of SABMiller
...Click here
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Kenya & Tanzania & Uganda: Heineken loses bid to terminate contract with three African distributors for the second time
...Click here
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Malaysia: Guinness Anchor Bhd becomes Heineken Malaysia Bhd and is expected to raise prices after June
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Italy: AB InBev purchases Italian craft brewery Birra del Borgo
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Graph of the Week
Table of the Week
German Beer Market Overview
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
These Days in Business History
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
23 April
1851 - Canada issues its 1st postage stamps
1896 - Vitascope system of movie projection 1st demonstrated (New York City)
1910 - International Exhibition opens in Brussels
1985 - Coca-Cola announced it is changing its secret flavor formula
24 April
1704 - "Boston News-Letter," 1st successful newspaper in U.S., forms
1888 - Eastman Kodak Co. forms
1957 - The BBC first broadcast The Sky at Night presented by Patrick Moore
1981 - IBM-PC computer introduced
1990 - West and East Germany agree to merge currency and economies on July 1st
2004 - The United States lifts economic sanctions imposed on Libya 18 years previously, as a reward for its cooperation in eliminating weapons of mass destruction
Agenda
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, GA: Scofflaw Brewing Co. expected to launch in Atlanta in June
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Kicking off with a series of tap takeover events at local restaurants and bars, Scofflaw Brewing Co. is expected to officially hit Atlanta’s market in June, Midtown Patch reported on April 19.
Scofflaw Brewing Co. is the brainchild of owner Matt Shirah, who enlisted the help of brewmaster and co-founder Travis Herman.
“A couple of years ago, Travis and I came together – like east-meets-west – with the idea of creating our own brand and bringing something new to the region,” said Shirah. “In order to discover and define our brand, we locked ourselves into a basement with thousands of beers, a one barrel brewhouse and a microscope. After years of thinking, collaborating and arguing, Scofflaw was born and our brews will have plenty of stories to tell.”
Located in northwest Atlanta’s Bolton neighborhood, Scofflaw Brewing Co. has an 18,419 square-foot production facility and soon-to-open tasting room. Shirah and Herman have been working on research and development for the past 18 months, using a laboratory to cultivate several local yeast strains. These efforts have yielded several tropical and hop forward IPAs, a pale ale and an imperial barrel-aged stout.
Prior to Scofflaw, Shirah was a corporate turnaround executive. Herman left behind a career in
...More info on site
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USA & South Korea: Brooklyn Brewery planning brewing partnership in South Korea
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New York-based Brooklyn Brewery is heading east.
On the heels of similar ventures in Norway and Finland, Brooklyn President Robin Ottaway announced the company will partner with a group of South Korean entrepreneurs to open a brewery on Jeju Island, South Korea, The Growler reported on April 18.
Similar to their other international ventures, Brooklyn plans to hire a team of brewers who will train and develop recipes under Brewmaster Garrett Oliver at their New York headquarters before heading overseas to Jeju. But the team won’t stay put for too long. According to Ottaway, “there will be a constant circulation of brewers from all four of our teams from Brooklyn, Stockholm, Trondheim, Norway, and Jeju, making up what could be the most interesting and varied craft brewing super group to ever land on the charts.”
The main draw on Jeju Island where Brooklyn is concerned is its “pure, undisturbed ground wells filled with water that has filtered unhurriedly through the volcanic island’s interior, forming a unique water source famed throughout Asia,” Ottaway wrote.
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Canada, ON: 4 Degrees Brewing launched in Smiths Falls in March
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Inside Ottawa Valley reports that the first brewing company in Smiths Falls officially launched last month after several years of planning and test runs.
4 Degrees Brewing has been co-founded by Nick Ritchie and Andrew Howard, with Joe Adams and Chris Haines on board as co-owners.
4 Degrees has a pair of flagship brands – True North of 7 (“an easy drinking Helles Lager with subtle hoppy flavours and a crisp finish”) and True South of 7 (“bolder in flavour and colour with Amber hues and a smooth caramel flavor” – that are currently being produced at Taps Brewing in Niagara Falls while the partners for a location closer to home.
4 Degrees beers are currently available at select bars and pubs in the Smiths Falls.
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Canada & Grenada: British Columbia’s Dead Frog Brewery aims at opening offshoot brewery in Grenada
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Dead Frog Brewery has announced plans to open an offshoot brewery on the Caribbean island of Grenada, and has turned to a new equity crowdfunding platform to find investors for the project, Canadian Beer News reported.
Dead Frog Caribbean will consist of a brewpub, supply chain and beer retailer in Grenada, which is a popular destination for Canadian tourists. Once established, it will be one of very few craft breweries on the island.
To help fund the project, Dead Frog has set up a campaign page on Small Starter, a website that allows companies to solicit equity investments from individuals in British Columbia, Saskatchewan, Manitoba, New Brunswick and Nova Scotia, five of the six provinces (Quebec being the other) where equity crowdfunding is allowed in Canada.
As Dead Frog is a B.C. brewery, it will be concentrating its fundraising efforts in that province, but persons in the other eligible provinces who are interested in investing are welcome to do so as well.
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USA, CT: Epicure Brewing preparing to launch in Norwich soon
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Downtown Norwich will soon get its second craft brewery, and it will be located next door to the first one, theday.com reported on April 18.
Three couples from eastern Connecticut announced they have signed a five-year lease for 5,000 square feet of space in the former Norwich Bulletin building at 40 Franklin St., which will house Epicure Brewing. The brewery and tap room will not serve food, partner Jason Vincent said, but instead will invite patrons to bring in food from nearby restaurants to eat at the Epicure tables.
Vincent, the former vice president of the Norwich Community Development Corp. and current director of planning in Stonington, said he started inquiring about craft breweries in downtown Norwich when he was at NCDC. He said he felt the low rents and historic downtown buildings would be an ideal setting for small start-up breweries.
It proved more complicated than filling a void, however. Vincent and his wife Jennifer, of Griswold, and co-partners Jobina and Robert Miller of Canterbury and Kerrie and Ken Thiffeault of Brooklyn, have talked about starting the business themselves since 2011, Vincent said.
The new brewery plans to be open Wednesday through Sunday, with Ken Thiffeault serving as the head brewer. The other
...More info on site
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Canada, AB: Boiling Oar Brewing opens its doors in Month and is already getting ready to expand
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Alberta beer news site The Daily Beer reports that Calgary’s newest small brewery launched last month, and is already getting ready to expand.
Boiling Oar Brewing was founded by homebrewer Mark Zemlak, who is currently brewing on a 7 hectolitre brewhouse installed in a warehouse space owned by an electronics repair company that his family runs.
The brewery has two core brands – Kölsch (5% abv/20 IBU) and Pale Ale (6% abv/38 IBU) – that are available on tap at several bars and pubs, including Craft Beer Market and National on 17th.
Current accounts have the brewery running at full capacity, so Zemlak is planning to expand production within the current space, and will also be launching bottles for liquor store sales.
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USA, MI: Wolverine State Brewing Company doubles production capacity and plans to increase distribution
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Ann Arbor-based Wolverine State Brewing Company just finished a 6,000-square-foot expansion of its production facility and as a result will now be able to increase the amount of beer it produces and distributes each year, MLive.com reported on April 19.
Oliver Roberts, the brewmaster for Wolverine State Brewing Co., said the expansion will allow the company to get more of its product in glasses around the state because they'll increase production from 2,300 barrels a year to 4,700.
"It gives us the ability to do is take some of the smaller batch beer that's only available in the tap room and expand it out to other bars that are looking for more variety in our beer," Roberts said.
An example of that is the popular Massacre lager produced by the company on a limited basis each year. Roberts said the company typically sells out of the beer before they even brew it because they can only make so much of it at once. This year, they'll be able to produce 33 percent more of that beer and in turn, hope they can provide it to more customers.
Plans to expand the production facility were first announced last year.
The expanded production will also give the
...More info on site
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Canada, ON: Skeleton Park Brewery launches its first beer in Kingston
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A new brewing company named for an historic area of Kingston, Ontario has released its first beer at select bars and pubs in the city, Canadian Beer News reported on April 11.
Skeleton Park Brewery takes its name from a nickname for McBurney Park, a large park in downtown Kingston that was a burial ground in the 17th to 19th centuries.
Skeleton Park’s first brand is Amber 6.6, which is briefly described as “a well-balanced European-style amber. Full bodied with a complex malt profile. Finishing with a crisp hop bitterness & unfolding esters on the nose.”
The company is currently having its beer brewed under contract at Broadhead Brewing near Ottawa while working on attracting investors or partners to open a bricks-and-mortar location in Kingston.
Skeleton Park Amber 6.6 is on tap now Red House, The Brooklyn and Kingston Brewing Company, with more to come.
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World: SABMiller’s lager volume up 3% in the three months to March 31
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SABMiller Plc, the brewer that’s due to be bought by rival Anheuser-Busch InBev NV later this year, reported on April 21 a gain in
...More info on site
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China: China Resources Beer reports whopping 460% jump in January-March quarter
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Shares in China Resources Beer (Holdings) rallied on April 21 on news of a whopping 460% jump in net profit on the year for
...More info on site
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Venezuela: Empresas Polar warns it will be forced to stop brewing after April 29
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Venezuelans, already frustrated by repeated power cuts and water restrictions, may soon suffer a new ignominy - a beer shortage, Bloomberg reported on April 21.
Empresas Polar SA, the country’s largest privately-held company and biggest brewer, said on April 20 that it will be forced to stop producing beer because it can’t get the foreign currency it needs to purchase malted barley.
“We haven’t been able to replenish inventory, and we only have malted barley until April 29,” the company said in a statement published on its website. “Because of that, we’re obligated to suspend the production of beer until we get access to the foreign currency necessary to procure the material.”
Venezuela is experiencing the worst recession in decades as the falling price of oil, which accounts for about 95 percent of foreign currency earnings, pushes international reserves to a 13-year low of less than $13 billion. In 2015, the economy contracted by 5.7 percent and is expected to shrink by an additional 8 percent this year, according to the International Monetary Fund. Inflation is projected to rise to nearly 500 percent.
With increasing power outages and water rationing already complicating President Nicolas Maduro’s hold on power as he battles an opposition-controlled
...More info on site
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Australia: Malting barley supplies too small this year
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Australia’s malting barley supplies are too small for domestic and export demand, H. M. Gauger GmbH said in their latest report on April 1.
...More info on site
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EU: Spring barley plantings progressing in Europe’s main barley producing countries
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As of the beginning of April, spring barley planting had been finished along the Mediterranean and was almost complete in Northern Spain. Spain planted
...More info on site
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Nigeria: Guinness Nigeria Plc reports 83% decline in nine-month profit
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Guinness Nigeria Plc says its nine-month profit has fallen by 83 percent from N5.2 billion in March 2015 to N864 million in March 2016, The Cable reported on April 22.
Nigeria’s second-largest brewer also experienced a revenue drop of 18 percent from N84.75 billion to N69.6 billion.
Just after the announcement of the three-quarter results, Guinness Nigeria shares fell by N1.84 to close business on April 22, to N98, hitting its lowest point in a month.
Though the company did not explain the reasons for the crash in profit, the results show that there was a drastic drop in sales from N45 billion in 2015 to N39 billion in 2016.
The results also revealed that the crash in the company’s profit also means a drastic drop in government revenue in taxes from the brewing giant.
The results show that taxes paid in the time under review fell from N1.92 billion in 2015 to N340 million in 2016, resulting in an appreciable drop in revenue for government.
All these is happening at a time when the Nigerian government is seeking all viable means of increasing revenue and reducing cost of governance, due to a drop in crude oil prices from over $100 to $40 per barrel.
Since the
...More info on site
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Malaysia: Carlsberg Brewery Malaysia expects tough year 2016
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Carlsberg Brewery Malaysia Bhd (Carlsberg Malaysia) expects a tough year in the financial year ending Dec 31, 2016 (FY16), given the slower economic growth in Malaysia and Singapore compounded by the increase in the excise duty, The Edge reported on April 21.
"We see subdued consumer sentiment; spending power will not come up during the year," Carlsberg managing director Henrik Juel Andersen told reporters after the company's annual general meeting on April 21.
He said even though it is a tough year moving forward, there are still opportunities for growth. He added that the brewer will not reduce its investment in its brands.
Andersen also expressed his disappointment towards the excise duty hike on March 1, which he described as "hefty", and favours the importers of foreign beer and liquor over local beer producers.
The new tax regime saw the quantum of a tax increase on locally produced beer, stout, and cider, ranging from 10% to 99%.
"It has forced us to increase our price," he said, adding that this may encourage an illicit trading of beers.
The group posted an increase in net profit by 18.36% to RM74.48 million in its fourth quarter ended Dec 31, 2015 (4QFY15) compared to the corresponding quarter in 2014,
...More info on site
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Australia: The Australian Competition and Consumer Commission once again delays decision on AB InBev’s takeover of SABMiller
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The Australian Competition and Consumer Commission (ACCC) has once again delayed its decision on AB InBev’s proposed takeover of SABMiller, The Shout reported on April 22.
The delay comes just after SABMiller issued its financial report for the 2015 financial year, which showed a “strong year and increased momentum”.
Earlier this week the ACCC announced it was delaying its decision on the takeover, “at the request of the merger parties to allow them to provide more information”. The commission went on to say that a new decision date will be provided once it has received all the relevant information from the merger parties.
The ACCC commenced its review of the proposed takeover in January this year and is looking at the impact of the deal on the Australian market. In particular it is looking at the impact of the Australian distribution for Corona, which would return to SABMiller-owned Carlton and United Breweries from Lion, if the deal goes ahead.
AB InBev has already agreed to several deals around the world in order to gain regulatory approval in different markets.
The ACCC delay came as SABMiller issued its full-year financial reports, which showed general profit and volume growth, although the group as a whole was
...More info on site
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Kenya & Tanzania & Uganda: Heineken loses bid to terminate contract with three African distributors for the second time
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Dutch brewer Heineken has for the second time lost a bid to terminate a multibillion-shilling contract with African distributors, The Star reported on April 22.
In a ruling on April 21, Justice Eric Ogola said notices issued by the brewer purporting to terminate contracts with Kenya’s Maxam Ltd, Uganda’s Modern Lane Ltd and Tanzania’s Olepasu Ltd lack evidence and goes against their agreement.
The judge said the notice dated January 27, 2015, and letters of appointments filed by the beer maker shall not be executed pending the hearing and determination of the dispute.
He also directed the case to be mentioned on May 3, 2016, for further directions.
The distributors have sued Heineken International BV and its subsidiaries Heineken East Africa Import Company and Heineken Brouwerjen BV, claiming they were not given reasons for the termination.
Heineken has defended its decision to terminate contracts saying it acted within terms of their agreement, and did not have to give any explanations to the firms.
But the local distributors told the court the action was in bad faith.
Through their lawyer, Philip Nyachoti, the companies said they stand to lose millions in their investments considering what they have put in into the business just to ensure compliance of the
...More info on site
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Malaysia: Guinness Anchor Bhd becomes Heineken Malaysia Bhd and is expected to raise prices after June
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Guinness Anchor Bhd (GAB), which received shareholders’ approval to change its name to Heineken Malaysia Bhd on April 20, is expected to raise prices after June, as the brewery could not mitigate all the increase in its operating costs after the implementation of the goods and services tax (GST), The Edge reported on April 21.
“We are looking at ways to possibly increase our price after end of June. But we will keep it as limited as possible,” GAB managing director Hans Essaadi told The Edge Financial Daily after the company’s extraordinary general meeting on April 20.
Over the past 18 months, after the GST kicked in, he said inflation, as measured by the consumer price index, and the company’s operating costs have increased.
“We are looking at ways of mitigating [the increase in costs], so the procurement [of raw materials] with Heineken is a way to look at it. But we cannot mitigate all of it,” he explained.
The company chose the period after June because the Price Control and Anti-Profiteering Act 2011, via the Price Control and Anti-Profiteering Regulations 2014, forbids any net profit margin rise for 18 months, starting from Jan 2 last year, to prevent profiteering post-GST. The freeze in
...More info on site
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Italy: AB InBev purchases Italian craft brewery Birra del Borgo
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Italian craft brewery Birra del Borgo announced on April 22 that it has decided to partner with Anheuser-Busch InBev (AB InBev). The partnership will give Birra del Borgo, one of the leading craft brewers in Italy, a unique opportunity to make the necessary investments for expansion while continuing to independently manage its business and define how to grow.
Founder Leonardo Di Vincenzo will continue to lead Birra Del Borgo as CEO of the company, the company said.
Birra Del Borgo was founded by Leonardo Di Vincenzo in Borgorose, a small town in the province of Rieti on the border between Lazio and Abruzzo, in 2005. Leonardo started brewing beer at home for enjoyment while at University studying biochemistry. He traveled frequently throughout Europe to explore the traditional beer styles; getting to know the German and Belgium master brewers was crucial to his education. One of Leonardo’s most formative experiences was brewing at the Starbess brewery in Rome, which later led to his conception of Birra del Borgo. Leonardo’s initial inspiration comes from English and Belgian beers, but he then reinvented the styles to root them in the Italian gastronomy culture.
The brewery currently produces ten beers year round. Other Birra del Borgo
...More info on site
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