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E-Malt.com Newsletter 30b
July 28 - July 31, 2016
Quote of the Week
The greatest mistake we make is living in constant fear that we will make one.
John C. Maxwell
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Currency Rates
Base Currency: US Dollar
on July 29, 2016 |
Base Currency: Canadian Dollar
on July 29, 2016 |
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1 USD = 0.9025 EUR
1 USD = 0.7585 GBP
1 USD = 1.3154 CAD
1 USD = 1.3302 AUD
1 USD = 104.9300 JPY
1 USD = 3.2646 BRL
1 USD = 66.1125 RUB
1 USD = 6.6588 CNY
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1 CAD = 0.7601 USD
1 CAD = 0.5765 GBP
1 CAD = 0.6860 EUR
1 CAD = 1.0111 AUD
1 CAD = 79.7500 JPY
1 CAD = 2.4814 BRL
1 CAD = 50.5318 RUB
1 CAD = 5.0614 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: US catapulted to the top pile of world’s hop growers by craft beer boom
...Click here
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USA, MD: Attaboy Beer Co. preparing to open in Frederick in December
...Click here
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USA, IN: Chapman’s Brewing Co. to add a second brewery in Columbia City
...Click here
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USA, AZ: Dove Mountain Brewing Co. to launch in Dove Mountain soon
...Click here
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USA, CO: Three women to open Lady Justice Brewing as fundraising tool for local charities
...Click here
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World: AB InBev’s profit and total beer volume decline in Q2
...Click here
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World: Diageo reports weaker profit for the year amid currency volatility
...Click here
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World: SABMiller’s board unanimously recommends AB InBev’s improved takeover offer
...Click here
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China: China’s Commerce Ministry approves AB InBev’s takeover of SABMiller
...Click here
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World: Guinness sales up 4% on the island of Ireland and globally
...Click here
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Brazil: Ambev books weaker second-quarter profit and gives up on expanding Brazilian sales this year
...Click here
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Japan: Kirin Holdings likely to report flat operating profit for the January-June period
...Click here
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Ukraine: Beer and malt production decline in H1 2016
...Click here
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EU: Demark and Sweden spring barley crop outlook improved by recent rainfalls
...Click here
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Spain: Barley crop estimated to be up 61% this year
...Click here
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UK: Carlsberg UK adds new craft and specialty beers to its portfolio
...Click here
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India: Panel confirms Vijay Mallya’s position as chairman of United Breweries
...Click here
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Graph of the Week
Table of the Week
EU Barley Malt Export
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
HOPS DO NOT NECESSARILY
NEED TO TOUCH BEER FOR
DRY HOPPING PURPOSES
ABSTRACT
A German research team that came up with the idea of
extracting hop aroma into beer by applying a combined
desorption/absorption process. The process-dependent
mass transfer was predicted using two different
approaches: a thermodynamic approach, and response
surface modelling. The methods offer the following
advantages: no beer losses, no clarification steps
needed, potential reuse of hops for bittering. Using
response surface methodology was clearly superior
as compared to calculating the mass transfer using
thermodynamic approximations.
Klie, R.: Feasibility and Optimization of a Novel Desorption/ Absorption Process for
Transferring Hop Volatiles into Beer, poster presentation at the Trends in Brewing Conference,
April 2016, Ghent.
Read more
Source: Barth Innovations
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These Days in Business History
28 July
1866 - Metric system becomes a legal measurement system in US
1900 - Hamburger created by Louis Lassing in Connecticut
1978 - Price of gold tops $200-an-oz level for 1st time
29 July
1914 - 1st transcontinental phone link made between New York City & San Francisco
1952 - 1st nonstop transpacific flight by a jet
1956 - Jacques Cousteau's Calypso anchors in 7,500 m of water (record)
30 July
1863 - Henry Ford, car manufacturer was born
1897 - German chemist named Felix Hoffman synthesizes a stable form of acetylsalicylic acid in a laboratory in Berlin. The head of Bayer's pharmacological institute, Heinrich Dreser, soon names the product "aspirin," and it becomes the best-selling drug of all time
1928 - George Eastman demonstrates 1st color movie
1962 - The Trans-Canada Highway, the largest national highway in the world, is officially opened
31 July
1790 - 1st US patent granted, to Samuel Hopkins for a potash process
1809 - 1st practical US railroad track (wooden, for horse-drawn cars), Philadelphia
1925 - Unemployment Insurance Act passed in England
Agenda
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: US catapulted to the top pile of world’s hop growers by craft beer boom
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The craft beer boom has catapulted the US to the top of the pile of the world’s hop growers for the first time in
...More info on site
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USA: MillerCoors buys Hop Valley Brewing in Oregon
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Fresh off last week’s purchase of Georgia-based Terrapin Beer Company, MillerCoors, via its Tenth and Blake craft and import division, on July 29 announced it has acquired a majority stake in Oregon’s Hop Valley Brewing, Brewbound.com reported.
Specific financial terms were not disclosed and the transaction is expected to close in the third quarter of 2016.
In a conversation with Brewbound, Tenth and Blake CEO Scott Whitley said Hop Valley’s brands; its geographic location, and its leadership team drove MillerCoors’ interest in acquiring a majority interest in the company.
“This is the perfect example of a strategy we have been working to execute over the last year,” Whitley said. “What we look for first are complementary brands in our portfolio. Right now, we don’t have much in the way of hop-forward offerings to offer consumers.”
For Hop Valley, a sale to MillerCoors will mean broader distribution of its beer throughout the U.S., greater share of mind with wholesalers, and better access to raw materials, co-founder Chuck Hare said.
“This craft business is getting more and more competitive,” he said. “The further we get away from home, the harder it is to sell our beer. We are really beginning to see how hard it is to
...More info on site
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USA, MD: Attaboy Beer Co. preparing to open in Frederick in December
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Brian and Carly Ogden wanted to open a brewery in Baltimore. In fact, the couple had a space all set up to move into until after six months of work, the deal fell through, Baltimore Business Journal reported on July 25.
With equipment ordered and pieces moving, the duo had to find a new place quick and that led them to Frederick. And this December, the Ogdens will open Attaboy Beer Co. along the Carroll Creek.
The couple had originally settled on a place in Remington. The location was ideal because it was close to their home in Hampden and in a growing food and culture scene. But during final lease negotiations, the landlord backed out unexpectedly.
"What took six to seven months here took two months from beginning to end [in Frederick]," Carly Ogden said. "We very quickly had to work backwards and opened up the search because we needed to find a place very quickly."
Attaboy Beer will open at 400 Sagner Ave. in Suite 400 in Frederick. Along the Carroll Creek, the brewery is near a biking and walking path as well as has adequate parking, Brian Ogden said.
Brian and Carly met in San Francisco seven years ago and connected over
...More info on site
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Canada, ON: Hops taking off in Ontario
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Hops are taking off in Ontario. Eighty hop yards of the beer flavouring flower are growing in the province this year. A huge jump from four years ago when there will only five hop yards in Ontario, CBC News reported on July 25.
A boom in the craft beer market is responsible for growing interest in the crop. There are currently more than 60 craft breweries across the province — including at least eight in Toronto alone, according to the industry group Ontario Craft Brewers.
But don't expect to get local hops in a local brew by this harvest season. The president of the Ontario Hop Growers' Association says mass production is a long way off.
"We figure it's going to take five to 10 years before we can even begin to meet the demand of a major craft brewer," said Hugh Brown. "The brewers import almost 99 per cent of the hops they use from the U.S. and Europe."
That's because hops — like wine — take patience. It's a slow-growing, temperamental crop that takes about three years to mature.
Two brothers in Elgin County, about 50 kilometres south of London, Ont., are nearing the end of that process. Hop cropping is
...More info on site
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USA, IN: Chapman’s Brewing Co. to add a second brewery in Columbia City
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Just two months after opening its tap room in downtown Fort Wayne inside Fortezza Coffee, Chapman’s Brewing Co. has announced that it’s expanding again, The Journal Gazette reported on July 27.
The Angola, IN-based brewery will add a second brewery, as well as a taproom, in downtown Columbia City.
Chapman’s will remodel the former Watering Can and CC Deli Building at 118 W Van Buren St., and the building will serve as a research and development facility where new craft beer recipes will be created as well as beers unique to Whitley County, Chapman’s founder Scott Fergusson says.
“Columbia City has a rich brewing history, with the Walter-Raupfer Brewery having the capacity to make over 2 million pints of beer a year,” he says. “Columbia City’s downtown is perfect for Chapman’s; our friends and neighbors can enjoy a pint or growler of the best local beer around.”
Chapman’s Brewing Co. was founded in 2012 and began production in October 2013.
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USA, AZ: Dove Mountain Brewing Co. to launch in Dove Mountain soon
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Dove Mountain's airy Mexican restaurant Lo Esencial is currently undergoing a remodel and will reopen as a brewpub in the next few months. The new Dove Mountain Brewing Co. will feature local craft brews as well as five to six private label beers, Arizona Daily Star reported on July 27.
When it opens, the building at 12130 N. Dove Mountain Blvd. will sport a "rustic ambiance" with a brick facade and stainless steel vats, according to an email sent out by the restaurant. The space will also serve food.
This is the second concept change for the restaurant in the last few years. Owner Kinney Johnson ran the space as Dove Mountain Grill for nearly five years, until he transformed it into Lo Esencial in December of 2013.
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USA, CO: Three women to open Lady Justice Brewing as fundraising tool for local charities
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Three women are planning to open a tiny brewery, Lady Justice Brewing, in the small Denver suburb of Mountain View this August that will serve as fundraising tool for local charities. And instead of a tap room, the brewery will offer memberships, delivering beer to customers once a month, Westword reported on July 25.
This business model is known as a community-supported brewery — and is very similar to community supported agriculture, CSA, through which small farms deliver produce to members on a regular basis. The setup allows the farms to have a built-in clientele and guaranteed funding. Community-supported breweries are fairly rare across the country but have seen some success.
Lady Justice’s goal, though, will be to donate 100 percent of its profits (everything over the cost of making the beer) to various Colorado organizations that promote “the status and opportunity of women and girls.” Money will be awarded via a grant-making process.
“This is sort of an experiment,” says Betsy Lay, who will serve as the head brewer for Lady Justice. “We are brewing beer in order to give money back. We are hoping this will be a good match for people who like to do that. So far, the response
...More info on site
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World: World beer production declines 1.5% in 2015
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World beer production in 2015 fell by 30.2 million hectolitres, or 1.5 %, compared with output volume in 2014, the Barth-Haas Group said in
...More info on site
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World: AB InBev’s profit and total beer volume decline in Q2
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Anheuser-Busch InBev NV on July 29 reported a huge drop in second-quarter net profit, as it reeled from a $1.77 billion hit tied to
...More info on site
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World: Diageo reports weaker profit for the year amid currency volatility
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Diageo PLC reported on July 28 weaker profit for the year amid currency volatility but the world's largest spirits maker's key U.S. business delivered
...More info on site
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World: SABMiller’s board unanimously recommends AB InBev’s improved takeover offer
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SABMiller Plc’s board unanimously recommended Anheuser-Busch InBev SA’s improved $104 billion takeover offer, paving the way for the biggest acquisition in the history of
...More info on site
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China: China’s Commerce Ministry approves AB InBev’s takeover of SABMiller
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China's Commerce Ministry said on July 29 that it had approved Anheuser-Busch InBev's takeover of SABMiller, conditional on Anheuser-Busch fulfilling an earlier agreement to
...More info on site
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World: Guinness sales up 4% on the island of Ireland and globally
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Diageo Ireland has reported that net sales of Guinness on the island of Ireland were up 4% over the past 12 months, driven by
...More info on site
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Brazil: Ambev books weaker second-quarter profit and gives up on expanding Brazilian sales this year
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Ambev SA, a subsidiary of beverage giant Anheuser Busch InBev SA, booked a weaker second-quarter profit on July 29 and gave up on expanding
...More info on site
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UK: Q2 beer sales up 1.5%
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Beer sales have some fizz in them, rising in the second quarter of the year and helping to reverse a decade of decline, Telegraph.co.uk
...More info on site
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Japan: Kirin Holdings likely to report flat operating profit for the January-June period
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Japan's Kirin Holdings will likely report a group operating profit of roughly 58 billion yen ($553 million) for the January-June period, with non-alcoholic beverages
...More info on site
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Ukraine: Beer and malt production decline in H1 2016
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Ukraine’s beer production dropped by 8.3% in the first half of this year as compared to the same period in 2015, Finance.ua reported on
...More info on site
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EU: Demark and Sweden spring barley crop outlook improved by recent rainfalls
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Denmark and the south of Sweden endured an extended period of dryness, which apparently has affected the yields of spring barley, but only to
...More info on site
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Spain: Barley crop estimated to be up 61% this year
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Accoe, the Spanish Grain and Oilseed Assn., estimates the Spanish barley crop at 10.3 mln tonnes, up 61% from last year's 6.4 mln tonnes.
...More info on site
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UK: Carlsberg UK adds new craft and specialty beers to its portfolio
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Carlsberg UK has unveiled its new portfolio of world, craft and speciality beers available to the on-trade, including a new craft cider section, Bar Magazine reported on July 28.
The Crafted line-up features 14 new draught beers, 17 new packaged beers and an extended seasonal range, available only at certain times of the year.
Responding to market trends, it also offers an up-weighted canned beer selection and a craft cider section for the first time – two sub-sectors which are fast gaining traction with consumers.
The range includes the latest Carlsberg UK launches: American pale ale Shed Head from the Backyard Brewery in Sweden, Herefordshire craft cider Bad Apple, and the premium Belgian beer Grimbergen Blonde.
New additions for 2016/17 see a focus on British craft brews including Hiver, a honey blonde beer with an ABV of 5% made using Challenger and UK Cascade hops, and Curious Brew – a premium lager brewed by leading English winemaker Chapel Down, re-fermented with champagne yeast to give it a distinctive, clean and refreshing taste.
Also new to the Crafted line-up is Fort Smith, an American pale ale from the UK’s Rooster’s Brewing Co which has a reputation for creating ground-breaking, hop-forward pale ales that showcase exciting hops
...More info on site
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India: Panel confirms Vijay Mallya’s position as chairman of United Breweries
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Vijay Mallya's position as chairman of United Breweries doesn't seem to be under threat, at least for now, after a panel that included a former chief justice of India informed the company's board that he is well within his rights and in compliance with all regulations to continue, The Economic Times reported on July 28.
The UB board had sought legal opinion from the panel following a Securities & Exchange Board of India notification that said any person named wilful defaulter cannot be nominated to board position. Former Chief Justice VN Khare was a member of the panel.
Mallya as chairman and promoter of UB doesn't require nomination to be on the board and hence doesn't come under purview of the Sebi regulation, executives with knowledge of the panel's views said, speaking on condition of anonymity. The panel opined that the businessman also complies with Sebi, Reserve Bank of India and Company Law Board rules to be the chairman of UB, they said.
UB's board includes those nominated by Heineken, the Dutch beer maker that holds largest stake in the company, as well as independent members such as Kiran Mazumdar-Shaw, CY Pal and Sunil Alagh. The company,
...More info on site
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