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E-Malt.com Newsletter 06b
February 09 - February 12, 2017
Quote of the Week
When I let go of what I am, I become what I might be.
Lao Tzu
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Currency Rates
Base Currency: US Dollar
on February 10, 2017 |
Base Currency: Canadian Dollar
on February 10, 2017 |
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1 USD = 0.9362 EUR
1 USD = 0.7980 GBP
1 USD = 1.3138 CAD
1 USD = 1.3099 AUD
1 USD = 112.4200 JPY
1 USD = 3.1192 BRL
1 USD = 59.0235 RUB
1 USD = 6.8674 CNY
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1 CAD = 0.7610 USD
1 CAD = 0.7125 GBP
1 CAD = 0.7125 EUR
1 CAD = 0.9968 AUD
1 CAD = 85.5500 JPY
1 CAD = 2.3738 BRL
1 CAD = 44.8833 RUB
1 CAD = 5.2263 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Beer volumes grow 0.3% last year thanks to increased sales of craft and imported beer
...Click here
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USA, OH: MadTree Brewing Company now open to the public in Oakley
...Click here
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Canada, ON: Manitoulin Brewing Company hard at work transitioning production to new Manitoulin site
...Click here
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USA, TX: Hi Sign Brewing to open quietly on Sunday, February 12
...Click here
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USA, WA: Redifer Brewing Co. secures federal approval, aims at spring opening
...Click here
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China: Carlsberg reportedly weighing purchase of Asahi’s 20% stake in Tsingtao Brewery
...Click here
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World: World barley trade forecast unchanged this month
...Click here
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Bulgaria: Carlsberg Bulgaria reports 24.8% increase in 2016 sales
...Click here
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India: Ban on liquor shops on highways could lead to 40% drop in sales of alcoholic beverages – United Breweries
...Click here
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Nigeria: Guinness Nigeria experiencing a worse year in operations
...Click here
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India: Vijay Mallya rejects formal plea to resign as United Breweries chairman
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Romania & Hungary: Heineken accused of being ‘anti-Hungarian’
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Graph of the Week
Table of the Week
South America Barley Production, Import, Consumption, and Ending Stocks
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
A METHOD FOR REALISTIC FLAVOUR EXPECTATIONS?
ABSTRACT
The question is familiar to all of us: By assessing cone
hops or pellets, how do I know what to expect from this
hop when used in late hopping in terms of flavour? Japanese researchers have developed a standardised
method that is useful for this type of assessment. For
this method, 0.5g of alpha acids per liter were added to
distilled water and boiled at 105 degrees Celsius for 5 minutes. Bitter
and aroma compounds were analysed and sensory flavour
profiling conducted. Though a significant correlation
between sensory and analytical data was not achieved,
the flavour profiling gave reproducible insights in the
flavour properties of the hop varieties studied.
Koie, K: Construction and Demonstration of a Standardized Hop Boiled Water Extraction
Method and Its Application for a Sensory Evaluation System of Hop Aroma Characteristics
Read more
Source: Barth Innovations
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These Days in Business History
09 February
1585 - The Frankfurt Stock Exchange is established
1955 - US federations of trade unions merge into AFL/CIO
1969 - World's largest airplane, Boeing 747, makes 1st commercial flight
10 February
1635 - Academie Francaise forms in Paris (by Cardinal Richelieu)
1933 - Delivery of 1st singing telegram
1961 - Niagara Falls hydroelectric project begins producing power
11 February
1809 - Robert Fulton patents steamboat
1826 - London University founded
1987 - British Airways begins trading stocks
12 February
1809 - Charles Darwin, England, discovered evolution
1877 - 1st news dispatch by telephone, between Boston & Salem
1998 - Intel unveils its 1st graphics chip i740
Agenda
February 2017:
01-03: Finest Spirits 2017 (Munich, Germany)
04-05: Bruges Beer Festival 2017 (Bruges, Belgium)
10-12: Brau Kunst Live 2017 (Munich, Germany)
10-13: HoReCa 2017 (Athens, Greece)
17-19: Mondial de la Biere 2017 (Mulhouse, France)
18-21: Beer Attraction 2017 (Rimini, Italy)
22-25: CAMRA's National Winter Ales Festival 2017 (Norwich, UK)
23-25: Alltech Craft Brews & Food Fair 2017 (Dublin, Ireland)
27-02 March: VLB Seminar for Brewers in Russia (Moscow, Russia)
28-02 March: Beviale Moscow 2017 (Moscow, Russia)
March 2017:
06-08: 104th Brewing and Engineering Conference (Munich, Germany)
08-10: Expo Antad & Alimentaria Mexico 2017 (Mexico City, Mexico)
08-11: Festival Brasileiro da Cerveja 2017 (Blumenau, Brazil)
16-19: BeerX 2017 (Sheffield, UK)
22-24: World Barley, Malt & Beer Conference 2017 (Vienna, Austria)
24-26: Barcelona Beer Festival 2017 (Barcelona, Spain)
April 2017:
07-08: Helsinki Beer Festival 2017 (Helsinki , Finland)
10-13: Craft Brewers Conference & BrewExpo America 2017 (Washington, D.C., USA)
12-14: Siberian Beer 2017 (Novosibirsk, Russia)
22-23: Zythos Beer Festival 2017 (Leuven, Belgium)
May 2017:
14-18: EBC 2017 (Ljubljana, Slovenia)
16-19: Beer 2017 (Sochi, Russia)
18-20: Copenhagen Beer Festival 2017 (Copenhagen, Denmark)
25-27: South Beer Cup 2017 (Buenos Aires, Argentina)
June 2017:
06-07: Brewing Equipment and Technology 2017 (Birmingham, UK)
11-13: Brewing Conference Bangkok 2017 (Bangkok, Thailand)
14-18: Mondial de la Biere 2017 (Montreal, Canada)
July 2017:
08: Beer Boot Camp 2017 (Johannesburg, South Africa)
15: Beer Boot Camp 2017 (Cape Town, South Africa)
26-28: Brasil Brau 2017 (Sao Paulo, Brazil)
August 2017:
04-06: The 21st International Berlin Beer Festival (Berlin, Germany)
08-12: The Great British Beer Festival 2017 (London, UK)
09-12: Vietfood & Beverage 2017 (Ho Chi Minh City, Vietnam)
September 2017:
03-06: 18th Australian Barley Technical Symposium (Hobart, Tasmania)
07-09: Irish Craft Beer Festival 2017 (Dublin, Ireland)
11: International MicroBrew Symposium 2017 (Munich, Germany)
11-15: drinktec 2017 (Munich, Germany)
16-03 October: Oktoberfest (Munich, Germany)
23-24: Whisky Live Paris 2017 (Paris, France)
October 2017:
16-17: 104 VLB October Convention 2017 (Berlin, Germany)
23-25: 8th Ibero-American VLB Symposium 2017 in Guatemala (Guatemala City)
November 2017:
22-23: Craft Beer Italy 2017 (Milan, Italy)
More events are available on site www.e-malt.com
News Articles
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USA: Beer volumes grow 0.3% last year thanks to increased sales of craft and imported beer
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The US Beer Institute has estimated that category-wide beer volumes grew 0.3 percent last year, thanks in part to increasing sales of craft and imported beer, Brewbound.com reported on February 10.
In a note to members, sent on February 9, Beer Institute CEO Jim McGreevy said sales of imported beer, particularly brands from Mexico, propelled the category to a positive performance in 2016.
Import volumes increased 6.8 percent, or 2.1 million barrels, versus 2015, he said.
That’s in keeping with the long-term trend: Import volumes have grown steadily since 1992, when those brands accounted for just four percent (8.3 million barrels) of all beer sold in the U.S. In 2015, import volumes grew 6.2 percent, to 31.2 million barrels, according to Beer Institute statistics.
Production of domestically brewed beer, meanwhile, declined 0.8 percent, or 1.4 million barrels, last year. 2016 marked the fourth straight year that domestic beer volumes declined, and the seventh time in the last eight years that domestic brewers failed to help the category grow, according to the BI.
Despite the downward production trends for brews made stateside, beer produced by more than 5,000 U.S. craft breweries increased seven percent, which McGreevy noted was a “deceleration in that segment’s growth compared to
...More info on site
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USA, OH: MadTree Brewing Company now open to the public in Oakley
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MadTree Brewing Company is now open to the public in Oakley. The new 50,000 square foot facility can accommodate more people and will make room for more brewing than at its previous facility, WXIX reported on February 7.
"We're still kind of blown away to think that we're opening whole new brewery and production space,” said Director of People and Social Strategy Mike Stuart.
The new 2.0 facility is home to a new beer garden, tap room, private event spaces and brewery.
"We still got a lot more equipment coming in here last year brewed about 22,000 barrels. This year we expect to do about 36,000 and the following year, the flowing year do about 50,000,” said Stuart.
Over recent years, the brewery business has been booming locally. More breweries in and around Cincinnati are opening their doors.
"This is a great area for craft beer with history of brewing in Cincinnati and I think so many people are just ready for good beer,” said Torie Perdue.
"But I think the millennials don't want to conform to the normal drink Bud, Bud Light and Mich Ultra. They like to try something new,” said patron Chad Kiphart.
MadTree invested $18 million into the complex, but the general idea
...More info on site
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Canada, ON: Manitoulin Brewing Company hard at work transitioning production to new Manitoulin site
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The Manitoulin Brewing Company (MBC) has been hard at work, releasing a new brew, Bridal Veil Pale Ale, and getting ready to transition the brewing production to their new Manitoulin site in Little Current, The Manitoulin Expositor reported on February 8.
“The fermenters, hot liquor tank and brite tank will be installed shortly, we are just waiting to the epoxy floors to get finished up,” said Blair Hagman, who co-owns MBC with Nishin Meawasige. “Our brew house is also on its way. It is Canadian made from Newlands (a beer brewing system and equipment manufacturer). It is really exciting—we have been waiting seven months for it and it is one of the best brewing systems made in Canada.”
Mr. Hagman has been training on the same style of Newland brew house that the MBC has purchased.
“I have been travelling down to Toronto every two or three weeks to get familiar with the system,” said Mr. Hagman. “So when our system is installed, and we transfer full production to our brewery, it will be pretty seamless and we will be able to keep the same flavour profile for our brews.”
Currently, MBC brews are produced at the Brunswick Bierworks in Toronto, but as of
...More info on site
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USA, TX: Hi Sign Brewing to open quietly on Sunday, February 12
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Marine Corps veteran Mark Phillippe is about to open the latest Austin brewery thanks in part to the advice of two close friends and mentors who have made careers through the local beverage industry, austin360 reported on February 8.
He is the founder of Hi Sign Brewing, which will quietly open its doors on Sunday, February 12 just north of the intersection of Highway 183 and Texas 71 and plans to celebrate a grand opening in mid-March during South by Southwest. The brewery, located in a 6,600 sq. ft. warehouse space including an airy taproom, an automated brewhouse and a private events room, is the result of seven years of Phillippe’s hard work.
After a deployment to Afghanistan and nearly four full years in the military, he needed to find a new career — and decided, after many talks with Tito’s Handmade Vodka founder Tito Beveridge and Sweet Leaf Tea and Deep Eddy Vodka founder Clayton Christopher, that owning a brewery in Austin would bring him the most satisfaction.
“It seemed like a career you were passionate about wasn’t about the money,” he said. “I’d see them and how much they were enjoying their lives, and it was because they’d found something they
...More info on site
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USA, WA: Redifer Brewing Co. secures federal approval, aims at spring opening
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After a wait of more than eight months, a downtown Yakima brewery secured federal approval, the Yakima Herald-Republic reported on February 7.
The federal Alcohol and Tobacco Tax and Trade Bureau granted approval to Redifer Brewing Co. in mid-January, co-owner Chuck Redifer said in a phone interview.
"That's a relief," he said.
Redifer said that he needed to secure approval from the state Liquor Control and Cannabis Board, but he expected to get that shortly.
In the meanwhile, construction for the brewery at 123 E. Yakima Ave. is expected to be completed in the next few weeks.
"I think March or April is reasonable," he said about a possible opening date.
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China: Carlsberg reportedly weighing purchase of Asahi’s 20% stake in Tsingtao Brewery
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Carlsberg A/S, the Danish beer-maker, is weighing the purchase of a 20 percent stake in China’s Tsingtao Brewery Co., Bloomberg reported on February 9
...More info on site
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India: United Breweries Q3 net profit drops 31.94%
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United Breweries has reported results for third quarter ended December 31, 2016, Mint Market Info said on February 9.
The company has reported
...More info on site
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World: World barley trade forecast unchanged this month
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USDA has left unchanged (at 26.905 mln tonnes) its forecast for global barley trade in 2016/17 this month.
Kazakh barley export forecast is boosted
...More info on site
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Bulgaria: Carlsberg Bulgaria reports 24.8% increase in 2016 sales
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The Bulgarian unit of Danish beer maker Carlsberg said on February 9 its sales rose 24.8% in terms of volume and 25.8% in terms
...More info on site
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India: Ban on liquor shops on highways could lead to 40% drop in sales of alcoholic beverages – United Breweries
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United Breweries Ltd (UBL), India’s largest beer maker and majority-owned by Dutch firm Heineken, has said that its sales of the alcoholic beverage could drop by 40 per cent once the Supreme Court ban on liquor shops on highways comes into effect in April, the Business Standard reported.
The estimates were arrived at after mapping the liquor outlets and sales in these stores, executives of the company said on February 9.
On December 15, the court, on a petition, ruled that states should cancel the licences of liquor shops in and around the national and state highways, citing increasing road accidents due to drink driving. The ban includes shutting down liquor shops located within 500 metres from highways.
“We need to find out the specifics of the order. There are a lot of roads in India that run within the city and there are state highways. It is also said that there is a chance that the state highways are exempted,” said Steven Bosch, chief financial officer, UBL, on a conference call.
Anil Pisharody, senior vice-president, finance, said the challenge was not the renewal of licences but to get a place to relocate.
“The problem is more of logistics now.
...More info on site
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Nigeria: Guinness Nigeria experiencing a worse year in operations
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Guinness Nigeria is experiencing a worse year in operations after closing its last financial year in the first loss record in years. At the end of its second quarter operations last December, the brewing company reported a net loss of N4.67 billion – already more than 131% above its N2.02 billion loss figure in the preceding financial year in June 2016. If that performance is repeated in the second half, the company could see its 2016 loss figure multiply four to five times in 2017.
Loss of sales revenue was one of the company’s main problems in 2016 but this year looks promising on revenue growth. Finance costs ate up much revenue last year and a worse situation is unfolding so far in the current financial year.
The company’s result for the half year ended December 2016 shows a year-on-year increase of 19.5% in sales revenue to N59.49 billion. This indicates promising prospects for rebuilding sales after a drop in turnover at the end of its 2016 financial year. Export earnings more than doubled to N3.73 billion over the review period but local sales account for over 98% of the company’s turnover. Over the past four years, Guinness grew sales revenue only
...More info on site
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India: Vijay Mallya rejects formal plea to resign as United Breweries chairman
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Vijay Mallya has rejected a formal plea from United Breweries, India’s largest beer company, to resign as chairman saying he has no intention of stepping down and will instead challenge a regulatory order to do so in court, the Financial Times reported on February 9.
Mr Mallya’s defiance creates an uncomfortable situation for United Breweries’ largest shareholder, Heineken. The Dutch brewer now finds its lucrative Indian business caught between the country’s regulatory authorities and its joint venture partner that is a target of national opprobrium.
Mr Mallya hit back over United Breweries on February 9, the same day that New Delhi filed a formal request with the British government for his extradition from the UK to India, where he faces prosecution for criminal offences connected to a $134m loan granted in 2009 to his now defunct Kingfisher Airlines.
The erstwhile liquor baron, once labelled the “King of Good Times”, had been a popular icon of consumerism in India. But he became a target of anger after the collapse of Kingfisher Airlines left a mountain of debt and thousands of employees unpaid.
United Breweries, founded by Mr Mallya’s father, is 43 per cent owned by Heineken, and 30 per cent owned by Mr Mallya and
...More info on site
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Angola: Sagres beer to be brewed in Angola
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Portuguese beer company Sociedade Central de Cervejas reached an agreement with Angolan beverage distribution company Sociedade de Distribuição de Bebidas de Angola, Limitada (Sodiba) for the production of Sagres beer in Angola, Portuguese financial daily Diário Económico reported on February 9.
The newspaper also reported that the agreement had been signed for months and provides for Sodiba to produce Sagres beer in Angola to the same standards with which it is manufactured in Portugal, as a result of the approval of this agreement by Sociedade Central de Cervejas and under the supervision of its main shareholder, the Heineken group.
Sagres will be the first international beer to be produced in Angola and will have the same branding as the beer sold on the Portuguese market.
The Angolan market has always been considered strategic for Portuguese brewers, but suffered a major setback with the Angolan economic crisis that resulted from a fall in international oil prices and, more specifically, with the entry into force in 2015, of the new customs tariff in Angola, with a resulting increase in taxes on all alcoholic beverages that has had a negative impact on consumption of imported beers.
For Central de Cervejas, the Angolan market in 2014 was worth
...More info on site
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Romania & Hungary: Heineken accused of being ‘anti-Hungarian’
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Hungary on February 9 slammed Dutch beer giant Heineken as "anti-Hungarian" as a trademark row in a part of Romania populated mainly by ethnic-Hungarians bubbled over, Yahoo7 News reported.
Prime Minister Viktor Orban's chief-of-staff said a lawsuit won last month by Heineken that banned the use of a Hungarian-language brand was "undignified, unjust, and anti-Hungarian".
"All Hungarians should unite against it," Janos Lazar told reporters in Budapest.
Last month a court in Targu Mures prohibited the Lixid Project brewer from using the "Csiki" brand name (pronounced "Cheeky") for its product range.
It said the name was too similar to Heineken's Romanian-language "Ciuc" brand which the multinational has produced since 2003.
According to Lazar the verdict complemented Romanian government policies that he said had pushed ethnic-Hungarian institutions and symbols like the Csiki brand "into a corner".
Romania's 1.2-million-strong ethnic-Hungarian community makes up some six percent of the population of around 19 million, making it the country's largest minority group.
Last week Lazar joined a call by Hungary's radical nationalist Jobbik party for Hungarian consumers and retailers to boycott the Dutch firm's product range.
Organisers of a Hungarian rock festival RockMaraton said Heineken's "Soproni" brand, manufactured in Hungary, will not be for sale at their event as a protest.
A spokesperson
...More info on site
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