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RombBullet Quote of the week
RombBullet Currency rates
RombBullet Brewers equities
RombBullet Industry news
RombBullet Graph of the week
RombBullet Table of the week
RombBullet Prices evolution
RombBullet Barley prices
RombBullet Theoretical malt prices
RombBullet Business history
RombBullet Agenda
RombBullet News articles





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E-Malt.com Newsletter 18a
May 02 - May 04, 2016


Quote of the Week

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Currency Rates


Base Currency: US Dollar
on May 04, 2016
Base Currency: Canadian Dollar
on May 04, 2016
      1 USD = 0.8663 EUR
1 USD = 0.6829 GBP
1 USD = 1.2577 CAD
1 USD = 1.3184 AUD
1 USD = 106.1000 JPY
1 USD = 3.5191 BRL
1 USD = 64.3334 RUB
1 USD = 6.4795 CNY
      1 CAD = 0.7950 USD
1 CAD = 0.5429 GBP
1 CAD = 0.6887 EUR
1 CAD = 1.0481 AUD
1 CAD = 84.3500 JPY
1 CAD = 2.7976 BRL
1 CAD = 52.7312 RUB
1 CAD = 5.1510 CNY

Currency Rates Chart


Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Brewery news World: Molson Coors Brewing reports increased profit in Q1 2016 ...Click here
Brewery news USA: MillerCoors Q1 net income up 22.2% ...Click here
Hops news USA: Hop acreage in production expected to increase by about 13% this year ...Click here
Brewery news Canada: Molson Coors weeks away from announcing fate of its original brewery in Montreal ...Click here
Brewery news Canada, NS: Expansion plan on the mind of Big Spruce Brewing’s founder ...Click here
Brewery news USA, VA: Twin Creeks Brewing planning to open in Vinton this fall ...Click here
Brewery news USA, OH: The Findlay Brewing Company reopens after a fire earlier this year ...Click here
Brewery news USA, MI & MO & PA: Saugatuck Brewing Co. expanding distribution to Missouri and Pennsylvania ...Click here
World News
Brewery news World: AB InBev’s Q1 profit down 95% reflecting increased financial costs ...Click here
Brewery news Brazil: Beer production increases in April as compared to March ...Click here
Brewery news Brazil: Ambev says Q1 top line was up 2.8% this year ...Click here
Barley news EU: The European Commission raises estimate for soft wheat, barley, and maize stocks at the end of 2016/17 ...Click here
Brewery news Australia: Purchase of Byron Bay Brewing increases number of Lion-owned craft breweries to six ...Click here
Brewery news Jamaica: Red Stripe to strive to “responsibly” increase the frequency of beer consumption among adults ...Click here
Brewery news Venezuela: Venezuela’s largest brewery occupied by National Guard for “inspection” ...Click here
Whisky news India: United Spirits rises on Bombay Stock Exchange after reports of Diageo planning stake increase ...Click here
Graph of the Week


Table of the Week

South America Barley Production, Imports, Consumption, and Stocks


Table of the week.

Prices Evolution

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


02 May
1896 - The Dow Jones Industrial Average is first published
1913 - William R. Hewlett, co-founder of Hewlett-Packard Co., is born in Ann Arbor, Mich
1985 - Quantum Computer Services is incorporated in Delaware. In 1991 it changes its name to America Online, Inc.
1998 - The European Central Bank is founded in Brussels in order to define and execute the European Union's monetary policy

03 May
1830 - 1st regular steam train passenger service starts
1919 - America's 1st passenger flight (New York - Atlantic City)
1965 - 1st use of satellite TV, Early Bird Satellite

04 May
1626 - Indians sell Manhattan Island for $24 in cloth and buttons
1878 - Phonograph shown for 1st time at Grand Opera House
1959 - The 1st Grammy Awards are held
1979 - The first modern leveraged buyout using high-yield junk bonds -- a $381 million deal to take Houdaille Industries private -- is completed by Kohlberg, Kravis, Roberts & Co


Agenda

World Beer Cup 2016


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


Brewery newsWorld: Molson Coors Brewing reports increased profit in Q1 2016
Molson Coors Brewing Co. reported on May 3 a profit in the first quarter after its U.S. joint venture, MillerCoors LLC, succeeded in stemming ...More info on site


Brewery news USA: MillerCoors Q1 net income up 22.2%
SABMiller plc and Molson Coors Brewing Company reported on May 3 that MillerCoors first quarter underlying net income grew 22.2 percent to $372.1 million from the same period in the prior year. This income growth was driven by lower cost of goods sold, higher net pricing, positive sales mix and timing of shipments. For the fourth consecutive quarter, Coors Light and Miller Lite each gained share of the Premium Light segment.

The company’s total net sales increased 2.3 percent to $1.816 billion. Domestic net revenue per barrel grew 1.5 percent for the quarter as a result of favorable net pricing and positive sales mix.

Total company net revenue per barrel, including contract brewing and company-owned distributor sales, increased 1.3 percent for the quarter.

Third-party contract brewing volumes were down 1.3 percent for the quarter.


Hops newsUSA: Hop acreage in production expected to increase by about 13% this year
The U.S. hop industry appears to be in a better position to respond to continuing growth of the craft beer industry, Yakima Herald-Republic reported ...More info on site


Brewery news Canada: Molson Coors weeks away from announcing fate of its original brewery in Montreal
Molson Coors says it is weeks away from announcing the fate of its original brewery in Montreal, Medicine Hat News reported on May 3.

The company is reviewing the feasibility of a building a new brewery on its site in Old Montreal and is expected to make a decision in early summer, Molson Coors Canada CEO Stewart Glendinning said.

“If it’s better to invest in the current one, we will,” he said in an interview. “If it’s better to build a new one, we will, but either way it’s good news for the province.”

Molson Coors received C$110 million in net proceeds from the C$185 million sale of its operations in Vancouver in the first quarter. The company will continue to produce beer at the B.C. site for up to five years until it finds a location to build a more efficient-production facility, it said.

The Denver and Montreal-based company beat expectations as its net profit almost doubled to US$158.8 million or 78 cents per diluted share in the first quarter, helped by the sale of the Vancouver brewery. That compared to US$81.1 million or 43 cents per share a year earlier.


Brewery news Canada, NS: Expansion plan on the mind of Big Spruce Brewing’s founder
An expansion plan is on the mind of Jeremy White who founded Cape Breton’s first small craft brewery three years ago, Cape Breton Post reported on April 29.

His Big Spruce Brewing facility in Nyanza, Victoria County, has reached capacity. To grow the business and to fulfil new orders coming in, he said another building would need to be built.

Sydney-Victoria MP Mark Eyking, on behalf of the federal government, announced on April 29 it would provide a loan through the Atlantic Canada Opportunities Agency of C$350,000 to assist in the construction of a 5,000-square-feet building and purchase of new processing equipment and the installation of a product holding system.

“It will have a separate brew system in it. Our existing brew building will remain and will be the welcome area and specialty brew area for some of our one-off seasonal beers,” White said.

“But we’re going to move the production of our big brands especially the two we started out with — Cereal Killer (Oatmeal Stout) and Kitchen Party (Pale Ale) — and two or three others up to a bigger brewery that’s more capable of moving it out.”

The expansion includes adding a canning facility to meet the retail demand for its “big ...More info on site


Brewery news USA, VA: Twin Creeks Brewing planning to open in Vinton this fall
Vinton will soon be the latest locality in Southwest Virginia to get a taste of the craft beer craze, Roanoke Times reported on April 29.

Three friends are moving their small homebrewing operation into a downtown Vinton storefront that will become the town’s first microbrewery.

When Twin Creeks Brewing opens in the fall, locally brewed craft beer will pour from the taps at 11 South Pollard St., just down the street from the new Vinton Library.

The beer bug bit brothers Andy and Jason Bishop years ago. Together, the members of the Star City Brewers Guild brewed small batches of beer in their homes. Eventually, brewing piqued the interest of their friend and Andy’s colleague, Barry Robertson, when he was helping the brothers rig some shelves for their home brewing operation.

“We had a three-man homebrew club,” Jason Bishop said. All three beer buffs live and work in the Roanoke Valley.

The owners are thrilled at the spread of local craft breweries in Southwest Virginia. Virginia’s Blue Ridge Beerway lists six craft breweries within 30 miles of Roanoke.

Jason Bishop related the local microbrewery trend to Germany and other parts of Europe where nearly every town has its own unique brewery.

“Soon, every town will have its ...More info on site


Brewery news USA, OH: The Findlay Brewing Company reopens after a fire earlier this year
An Idaho brewery is back open after a fire earlier this year. The Findlay Brewing Company shut down after a large fire downtown in January. The flames burned for more than one day and forced several businesses to shut down, 13abc.com reported on April 29.

The Findlay-based brewery posted on its Facebook page that it is open on Fridays and Saturday to fill growlers for customers.

According to the social media post, the owners have been trying to reopen for several weeks. Wood County inspectors told the company it needs to install a second restroom and build a wall around its brew system in order to fully reopen.

The owners say they hope to instead put that money into the location on Crawford Street. According to the company, it hopes to get everything up and running there in the next few months.

Currently, the Findlay Brewing Company is filling growlers with its locally brewed beer on Fridays from 5:00pm - 7:00pm and on Saturdays from 1:00pm - 3:00pm.


Brewery news USA, MI & MO & PA: Saugatuck Brewing Co. expanding distribution to Missouri and Pennsylvania
Saugatuck Brewing Co. is expanding its distribution footprint to Missouri and Pennsylvania, bringing its total to nine states, HollandSentinel.com reported on April 29.

The brewery recently expanded to Kentucky and Indiana.

“As our production capacity and product range continues to grow, we are very proud to be systematically expanding into new markets and bringing our beer to the increasingly savvy craft beer drinker,” said Ric Gillette, president and CEO. “Plus, we couldn’t be more pleased about our new and existing distribution partners.”

In Pennsylvania, Saugatuck Brewing is partnered with Stockertown Beverage, located in Stockertown, Penn. for distribution around Philadelphia. The partner in Missouri is Artisans Cellar of St. Peters, Mo., which will distribute in the St. Louis area.

Saugatuck Brewing Co. is located at 2948 Blue Star Highway in Douglas.


Brewery newsWorld: AB InBev’s Q1 profit down 95% reflecting increased financial costs
Anheuser-Busch InBev NV on May 4 said first quarter profit fell 95%, reflecting nearly $2 billion in financing costs, much of it related to ...More info on site


Brewery newsBrazil: Beer production increases in April as compared to March
Brazil’s brewers last month produced a total of 1.016 bln litres of beer, which is up 16% versus March, Sicobe reported on May 2.

The ...More info on site


Brewery newsBrazil: Ambev says Q1 top line was up 2.8% this year
Ambev S.A. announced on May 4 its results for the 2016 first quarter.

According to the company, its top line was up 2.6% in ...More info on site


Barley newsEU: The European Commission raises estimate for soft wheat, barley, and maize stocks at the end of 2016/17
The European Commission raised by one million tonnes its estimate for soft wheat stocks in the European Union at the end of the 2016/17 ...More info on site


Brewery news Australia: Purchase of Byron Bay Brewing increases number of Lion-owned craft breweries to six
Japanese-owned drinks and dairy group Lion now has a six pack of stand-alone craft breweries in its stable as it pursues the 20 per cent-plus growth rates in that segment, while mainstream beers lose its fizz, The Sydney Morning Herald reported on May 2.

But can a corporate giant have street credibility as a craft brewer, and is there a danger a large corporate bureaucracy might constrict the entrepreneurial and pioneering spirit which led to its establishment in the first place?

Lion is buying Byron Bay Brewing Company after being approached by its owner Barry Schadel, which will expand the number of craft breweries in its portfolio to half a dozen. The broader Lion portfolio represents about 50 per cent of Australia's entire craft beer market, which experts say makes up about 5 per cent of the entire A$14 billion beer market in Australia.

Byron Bay Brewing Co previously had a relationship with Australia's other big brewer, Carlton & United Breweries, which was previously owned by Foster's until a A$12.3 billion takeover in late 2011.

CUB was fined A$20,400 in April, 2014 by the Australian Competition and Consumer Commission over misleading labelling for a Byron Bay Pale Lager, which had actually been brewed under ...More info on site


Brewery news Jamaica: Red Stripe to strive to “responsibly” increase the frequency of beer consumption among adults
Desnoes & Geddes Limited, which trades as Red Stripe Jamaica, will strive to "responsibly" increase the "frequency" of drinking among adults, which the brewery says is pretty low relative to markets in the hemisphere, The Gleaner reported on May 4.

It also plans to double exports in four years, a plan that involves tapping markets never before explored by Red Stripe.

The company estimates that only 75 per cent of drinking age Jamaicans are beer consumers, and it aims to bring the other 25 per cent along, partly by converting rum drinkers to beer.

Red Stripe, which had its 98th annual general meeting (AGM) on May 3, wants to grow domestic sales by around 10 to per cent to 12 per cent this year, according to managing director Ricardo Nuncio.

It would add around J$1.4 billion to domestic revenue, Wednesday Business estimates, based on the latest sales revenue reported by the company at half-year ending December. Red Stripe reported six-month sales of J$7.6 billion of which J$6.6 billion was domestic revenue.

The beer maker adjusted its financial year end to December from June to align with the reporting period of new parent, Heineken.

"We are going to introduce more innovation as per capita consumption is still ...More info on site


Brewery news Venezuela: Venezuela’s largest brewery occupied by National Guard for “inspection”
Venezuela’s National Guard on May 3 occupied the largest beer-producing plant in the country, which stopped brewing operations on April 29, as well as other plants belonging to Alimentos Polar, part of the country’s largest industrial concern, Latin American Herald Tribune reported.

Expropriation and nationalizations are a common occurrence in Venezuela since the beginning of the Hugo Chavez era in 1999, although Polar’s would be the largest in the country’s history.

“Yes, the National Guard is still here,” a Polar official told Latin American Herald Tribune, asking not to be identified by name. “Personnel from different agencies but always accompanied by the National Guard.” On Monday, May 2, 60 plants were visited. On May 3, government presence remains in at least five of those plants, including all the four brewing ones.

The San Joaquin plant in Carabobo state is the largest of four owned in country by Cerveceria Polar, maker of 80% of all the beer drunk in Venezuela, and has been under inspection since Monday, May 2 morning.

The fact that other plants belonging to Polar are also being “inspected” by large contingents of the National Guard, representatives from the Labor Ministry and other government officials is causing concern in Venezuela’s business community, ...More info on site


Whisky news India: United Spirits rises on Bombay Stock Exchange after reports of Diageo planning stake increase
United Spirits rose 4.6% to Rs 2,468.65 on May 3 on BSE after reports Diageo Plc is considering raising stake in the liquor maker to 72% from 54.78%, Business Standard said.

Meanwhile, the BSE Sensex was down 172.59 points, or 0.68%, to 25,264.38.

Diageo is reportedly exploring various options, including open market transactions to raise its stake in United Spirits (USL). Diageo gained complete control of the board of United Spirits post the exit of Dr Vijay Mallya from his position as chairman and non-executive director of the company in February this year, but seeks to protect its shareholding by hiking stake. Diageo in July 2014 had acquired 26% stake in USL by way of tender offer. As per an agreement reached between Diageo and the UB group in November 2012, Diageo agreed to acquire a 27.4% stake in United Spirits - partly by acquiring shares directly from the promoter entities of the United Breweries group and partly by way of subscribing to a preferential share issue of United Spirits. The agreement triggered a mandatory open offer from Diageo to acquire additional 26% shares in United Spirits as per the Securities & Exchange Board of India's takeover norms.

Net profit of United Spirits ...More info on site


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