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E-Malt.com Newsletter 14a
April 03 - April 05, 2017
Quote of the Week
He was a wise man who invented beer.
Plato
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Currency Rates
Base Currency: US Dollar
on April 05, 2017 |
Base Currency: Canadian Dollar
on April 05, 2017 |
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1 USD = 0.9379 EUR
1 USD = 0.8027 GBP
1 USD = 1.3409 CAD
1 USD = 1.3200 AUD
1 USD = 110.6000 JPY
1 USD = 3.1134 BRL
1 USD = 56.5553 RUB
1 USD = 6.8869 CNY
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1 CAD = 0.7457 USD
1 CAD = 0.5985 GBP
1 CAD = 0.6993 EUR
1 CAD = 0.9843 AUD
1 CAD = 82.4700 JPY
1 CAD = 2.3216 BRL
1 CAD = 41.9148 RUB
1 CAD = 5.1353 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Mexico & USA: Mexican farmers asking US President to stop Constellation Brands building brewery in Mexicali
...Click here
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USA, IL: Chicago’s Finch Beer Co. to begin producing and delivering again
...Click here
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USA, IL: River Hawk Brewing aiming at spring opening in Channahon
...Click here
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USA, MO: Alpha Brewing Co. to open second location in Tower Grove
...Click here
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Canada, BC: Crossroads Brewing opens its doors in Prince George
...Click here
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USA, CA: Urban Roots Brewery & Smokehouse plans to open this fall in Sacramento
...Click here
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USA, NY: Boots Brewing Company has the go-ahead to open up in Watertown
...Click here
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USA, WI: Lake Mills Plan Commission approves conditional use request for Houblon Brewing Company
...Click here
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Canada, BC: Twin City Brewing now open for business in Port Alberni
...Click here
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USA, TX: San Antonio’s Branchline Brewing Co. files for bankruptcy
...Click here
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Zambia: Zambian Breweries’ new malting plant commissioned by President Edgar Lungu
...Click here
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Belgium: Beer consumption estimated to have dropped by 4% last year
...Click here
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The Philippines & Vietnam: San Miguel Corp. “evaluating and may bid” for Vietnam’s Saigon Beer Alcohol Beverage Corp.
...Click here
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India: AB InBev CEO in India to review Indian operations
...Click here
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Kenya: East African Breweries expects sluggish sales growth due to higher taxation
...Click here
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Belarus: Beer sales down last year due to a decline in imports
...Click here
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Brazil: Brasil Kirin trying to grow hops where no one has grown them before
...Click here
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Graph of the Week
Table of the Week
EU Malting Barley Supply and Demand Estimate 2017/18
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
03 April
1783 - Sweden and U.S. sign a treaty of Amity and Commerce
1885 - Gottlieb Daimler is granted a German patent for his engine design
1948 - The U.S. Congress passes (and Pres. Harry S. Truman immediately signs) the Marshall Plan to finance the reconstruction of Western Europe after the devastation of World War II--helping to keep Communism at bay and laying the groundwork for the global economic boom of the 1950s
1981 - The Osborne 1, the first successful portable computer, is unveiled at the West Coast Computer Faire in San Francisco
1994 - Netscape Communications founded as Mosaic Communications
2008 - ATA Airlines, once one of the ten largest U.S. passenger airlines and largest charter airline, files for bankruptcy for the second time in five years and ceases all operations
04 April
1460 - University of Basle in Switzerland forms
1818 - The United States Congress adopts the flag of the United States with 13 red and white stripes and one star for each state (then 20)
1828 - Casparus van Wooden patents chocolate milk powder (Amsterdam)
1949 - Twelve nations sign the North Atlantic Treaty creating the North Atlantic Treaty Organization
1975 - Microsoft is founded as a partnership between Bill Gates and Paul Allen in Albuquerque, New Mexico
1996 - AT&T Corp. spins off 112 million shares of Lucent Technologies Inc. at an initial price of $27 per share, raising $3.02 billion in what is, so far, the biggest IPO of all time
05 April
1768 - 1st U.S. Chamber of Commerce forms
1869 - Celluloid is patented
1886 - George Eastman places Kodak Camera on sale for 1st time
1926 - Varney Airlines makes its first commercial flight (Varney is the root company of United Airlines)
1957 - Greek shipping tycoon Aristotle Onassis buys the Hellenic National Airlines (TAE) and founds Olympic Airlines
Agenda
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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Mexico & USA: Mexican farmers asking US President to stop Constellation Brands building brewery in Mexicali
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Mexican farmers are asking President Trump for help stopping a local brewery's new plant, News 10NBC reported on March 31.
Victor-based Constellation Brands is planning a $1.4 billion plant in Mexicali, Mexico. But, according to the Wall Street Journal, local farmers are afraid the plant would use too much water in an area with an already naturally low water table.
Dry conditions there have already forced formers to stop using thousands of acres of farmland.
"We haven't been able to do a second planting in years, but we're inviting in a company that's going to consume a ton of water," farmer Pablo Rangel tells the journal. "It doesn't make sense."
The farmers have protested the company, hoping President Trump will bring it back to the states.
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USA, IL: Chicago’s Finch Beer Co. to begin producing and delivering again
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Four months after suspending its brewing operations, Chicago’s Finch Beer Co. plans to begin producing and delivering products once again this month, Brewbound reported on April 3.
“We never went away,” Finch managing partner Jamie Lisac told Brewbound, “but we’re back.”
It’s the latest move toward stability in the tumultuous 6-year life of Finch Beer, which was launched in 2011 by Ben Finch. The company struggled early on with beer-quality issues as well as a distribution strategy that favored broader market expansions over deeper local penetration. Finch, the founder, had also failed to make good on promises to build a brewery on the Chicago River — and later in Long Grove.
Midway through 2016, Mr. Finch was forced out of the company by investors who cited production inconsistencies, declining sales and a failure to achieve local market success as reasons for the takeover.
“I do believe we have some work to do to overcome those past failings,” Lisac said. “I feel like we’re in a position — between the brew team that we have and the facility — after a year of a lot of hard work to fix the sins of the past.”
The process of repairing those sins began in January, when Lisac
...More info on site
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USA, IL: River Hawk Brewing aiming at spring opening in Channahon
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This spring, Channahon residents, who once spent nights together perfecting their home brew beer and wine, will share their beer knowledge, as well as that of a brew school graduate, at River Hawk Brewing, the Morris-Herald News reported on April 3.
The soon-to-open craft beer brewery was put together by friends Tom Sperling, Tim Engler and Dustin Fryman, all of Channahon, who have brewed together for the past 10 years. The trio recently hired Ian Pershey of Channahon, who graduated from Brewlab, located in the United Kingdom.
During a brainstorm session on a name, Fryman threw out River Hawk because of the natural landscape and wildlife found around the Channahon area and it stuck.
The owners wanted to create something local in their community and couldn’t be happier with the location at 24735 W. Eames St. in Channahon.
“We looked for six months and we knew we wanted a Minooka or Channahon location. After searching, this property became available on Route 6, which was easy to get to, ideal building and we have parking in the front and back,” Fryman said.
The owners hope to open in the next month or two.
The brewery takes up four business fronts and will feature European tavern-style seating with
...More info on site
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USA, MO: Alpha Brewing Co. to open second location in Tower Grove
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Alpha Brewing Co. will open a second location in Tower Grove in late fall. “We’ve closed on the building, ordered the equipment and construction has started,” said head brewer Derrick Langeneckert in an interview to the Sauce Magazine.
Langeneckert plans to announce the exact address at the brewery’s fourth anniversary party this Saturday, April 8, but he said the 13,000-square-foot space will house a 15-barrel system that should produce 1,000 barrels in the first full year of production. The brewery’s downtown facility at 1409 Washington Ave., currently produces 200 barrels annually.
“The first year we were open we made 200 barrels, and we’re still making 200 barrels a year,” Langeneckert said. “We just don’t have the space to make one more drop of beer.”
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Canada, BC: Crossroads Brewing opens its doors in Prince George
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More than a year after it was first announced, a new brewery and restaurant-pub has opened its doors in Prince George, Canadian Beer News reported on March 31.
Founded by principal partners Daryl Leiski and Bjorn Butow, Crossroads Brewing is located at the corner of Fifth Avenue and George Street in the city’s downtown, a location that was shuttered for several years before the brewery moved in.
Crossroads soft opened in mid-March, and is pouring a selection of beers from head brewer Patrick Moore including Alternative Facts Brown Ale, Iron Bridge Oatmeal Stout, Pidherny Pale Ale, Hail Mary IPA, Old Westie Amber Lager, and Clearcut Lager.
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USA, CA: Urban Roots Brewery & Smokehouse plans to open this fall in Sacramento
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Urban Roots Brewery & Smokehouse announces plans to open a 15,600 sq. ft. facility incorporating a 15-barrel craft beer production brewery, tasting bar and a 300-seat smokehouse restaurant, including a 2,400 sq. ft. outdoor patio in the Downtown Sacramento/Southside Park area at 1322 V Street., Brewbound.com reported on April 1.
A joint venture between Sacramento area natives and co-owners, Brewmaster Peter Hoey and Rob Archie, owner of regional favorite Pangaea Bier Café, Urban Roots Brewery & Smokehouse plans to open fall 2017 and estimates to employ approximately 50 people.
Peter Hoey has worked toward this moment for over two decades. He has practiced his craft alongside the legends at Sierra Nevada, led the charge at Sacramento Brewing Company, and currently consults with the top beer brands in the country for BSG CraftBrewing, an industry supplier of brewing ingredients. Recent production collaborations include the highly sought after Hoeybeer with Santé Adairius Rustic Ales.
After a decade of collaborating together in the industry, partnering with Rob Archie on Urban Roots will fulfill Hoey’s life-long dream of producing some of the finest beers in the world, pairing them with simple, clean and delicious food, and showcasing Sacramento’s regional farm-to-fork ingredients.
A pioneer of national and international craft
...More info on site
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USA, NY: Boots Brewing Company has the go-ahead to open up in Watertown
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After cutting through the redtape, Boots Brewing Company has the official go-ahead from city of Watertown officials to open up on Public Square, InformNNY.com reported on April 4.
Dan Daugherty, a firefighter in the city, has been wanting to open his brewery in the Lincoln Building, but an old law prevented beer from being brewed in that location of Watertown.
Previously, the city's Planning Board amended the law, and after a public comments session, council unanimously approved the change.
Daughtery told the Watertown Daily Times that he hopes to open Boots Brewing Company on the Square at some point this summer.
While brewers can set up shop in downtown, the tweaked law is much stricter than state law when it comes to how much beer can be made.
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USA, WI: Lake Mills Plan Commission approves conditional use request for Houblon Brewing Company
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The city of Lake Mills Plan Commission unanimously approved a conditional use request by Lane and Sherry Smith for a new brewery in the downtown business district at its latest meeting on March 28 at City Hall, hngnews.com reported on March 31.
The new brewery, Houblon Brewing Company, plans to move into a two-story building at 121 S. Main St. in downtown Lake Mills, maintaining a tasting room and brewery on the first floor and an apartment on the second floor.
Houblon’s conditional use permit request will now go in front of the Lake Mills City Council at its meeting April 18 for final approval.
There are five questions the brewery had to meet for its conditional use permit to be approved, which are:
• Is the conditional use in harmony with the policies and standards of the city’s comprehensive plan?
• Does the conditional use result in adverse impacts to adjacent properties?
• Is the conditional use consistent with land uses for the property?
• Is the proposed conditional use in an area that won’t impose undue burden on any of the improvements, facilities, utilities or services provided by public agencies serving the property?
• Do the potential benefits outweigh any adverse effects?
Lake Mills City Planner Dustin
...More info on site
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Canada, BC: Twin City Brewing now open for business in Port Alberni
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Twin City Brewing has announced that its brewery and taproom is now open for business in the small city of Port Alberni on Vancouver Island, Canadian Beer News reported on March 28.
Founded by owner/brewer Aaron Colyn, Twin City quietly launched on March 25 with four beers – Porter Alberni Dry Porter, Swedish Gymnast Blonde Ale, Run Of The Mill IPA, and Tickety Boo English Pale Ale – available for glasses, flights, and growler fills.
Twin City Brewing is located at 4503 Margaret Street in Port Alberni, and is open from 11:30 AM to 9:00 PM daily.
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USA, TX: San Antonio’s Branchline Brewing Co. files for bankruptcy
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San Antonio’s Branchline Brewing Co. has filed for bankruptcy protection after about four years of operation, My San Antonio reported on April 5.
The small brewer reported assets of less than $50,000 and liabilities ranging from $100,001 to $500,000 in a bare bones bankruptcy petition filed on April 5 with the U.S. Bankruptcy Court in San Antonio.
Chapter 11 offers a financially troubled company protection from creditors while it seeks to reorganize its debts.
The filing comes a little more than a month after Branchline posted a notice on Facebook that it was “going through a restructure period” and closing its tap room on March 4.
“We don’t believe this is a good bye but rather a see you soon,” the Facebook post stated. “We need some time to regroup and hopefully come back stronger, with that original fire that we once had.”
Branchline sought bankruptcy protection to “restructure its existing business production model to reduce operating costs so that its pre-bankruptcy creditors may be paid from the proceeds of its streamlined operations,” Michael O’Connor, the brewer’s bankruptcy lawyer, said in an email.
“Branchline will continue operating and producing its high quality and popular line of fine beers and ales,” O’Connor said. “Same product, same great
...More info on site
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Zambia: Zambian Breweries’ new malting plant commissioned by President Edgar Lungu
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Zambia’s President Edgar Lungu has officially commissioned the Zambian Breweries’ US$33 million state-of-the-art malting plant in the Lusaka South Multi Facility Economic Zone (LS-MFEZ),
...More info on site
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Belgium: Beer consumption estimated to have dropped by 4% last year
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Just like several years before last year saw beer consumption in Belgium decline, the Haacht Brewery said in its annual report. According to the
...More info on site
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The Philippines & Vietnam: San Miguel Corp. “evaluating and may bid” for Vietnam’s Saigon Beer Alcohol Beverage Corp.
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San Miguel Corp. plans to invest $34 billion in an oil refinery, an integrated steel complex and an ocean-tide power plant as the Philippines’ largest company by sales expands amid forecasts for robust economic growth in the country, according to its president, Bloomberg reported.
The company, which sells nine of every 10 beers in the Philippines, is also “evaluating and may bid” for Saigon Beer Alcohol Beverage Corp., President Ramon Ang told reporters on March 31. Vietnam may provide an anchor to increase its brewery business as consumption in the country is growing at an annual rate of at least 10 percent, five times that in the Philippines, he said.
“The businesses we ventured into have matured, such that the company is in a very stable position,” Ang said, citing compounded annual 20 percent growth in recurring profit and a near fourfold increase in assets since 2008 following San Miguel’s diversification from food and drinks into non-allied industries such as toll roads and resources. Excluding one-off items, profit will rise at least 20 percent to about 60 billion pesos ($1.2 billion) this year, he said.
Saigon Beer, Vietnam’s largest brewer with a 40 percent market share, has received government approval to hire consultants
...More info on site
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India: AB InBev CEO in India to review Indian operations
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Anheuser-Busch InBev Chief Executive Carlos Brito is in India to review Indian operations barely four days after the ban on highway liquor shops in the country. This is the first India visit for Brito after the world’s largest brewer acquired rival SABMiller Plc six months ago, the Economic Times reported on April 5.
“Carlos Brito regularly visits our markets and is currently in Bengaluru as part of a standard market visit,” confirmed the company without divulging specific agenda.
While the maker of Budweiser, Fosters and Hoegaarden is the second-largest beer company in India, it has been losing share to rivals including Carlsberg. “The business is slowing down in India and discussing issues in distribution and workforce due to integration with SABMiller is on the agenda,” said an official who didn’t wish to be identified adding that Brito has no plans to meet government representatives or trade.
The India headquarter has been recently shifted from Gurgaon to Bengaluru, reporting into the Zone President for Asia Pacific South, based out of Melbourne, Australia.
“The company has been losing share since the past few years — from about 24% in 2014 to 19% now,” said the official. “The recent
...More info on site
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Kenya: East African Breweries expects sluggish sales growth due to higher taxation
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East African Breweries Limited (EABL) leading brands Tusker and Guinness are projected to register sluggish growth in the medium term in Kenya due to higher taxation, the brewer’s parent company Diageo has said.
John O’Keeffe, Diageo Africa’s president, says a 43 per cent increase in excise duty on beer beginning December 2015 has adversely impacted performance of the two leading brands and that it will take time for them to bounce back.
UK-based global brewer Diageo owns 50.02 per cent of EABL. Excise tax on beer increased to Sh100 per litre from the previous Sh70 per litre, forcing the brewer to adjust its prices upwards with a depressing effect on demand for some of its products.
“While bottled beer and our overall performance in Kenya will improve in the second half, the excise duty increase has put bottled beer out of the reach of many consumers,” Mr O’Keeffe told investors during a conference call.
“It will likely take longer to get Guinness and Tusker back to consistent growth.”
Mr O’Keeffe said the brewer is in open discussions with government stakeholders on various issues including “seeking a sustainable and predictable tax environment” in order to reel in “excessive duty rises on beer”.
He added that EABL is
...More info on site
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Belarus: Beer sales down last year due to a decline in imports
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The volume of beer market in Belarus shrank 1.5% last year due to a decline in imports, while domestic beer output remained unchanged from
...More info on site
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Brazil: Brasil Kirin trying to grow hops where no one has grown them before
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It was more than a decade ago that grower Rodrigo Veraldi first planted a few hop seeds on his farm, high in Brazil’s Mantiqueira Mountains, northeast of the city of Săo Paulo. To Veraldi, who grows specialty fruits and berries, the experiment was mainly a side project. According to conventional wisdom, hop vines need cold winters and long summer days found in places like Germany and the Yakima Valley; Veraldi just wanted to see if he could get hops to grow somewhere beyond their climatic comfort zone, DRAFT Magazine reported on April 3.
While some of Veraldi’s plants showed promise in his greenhouses, it was a different story outside, where they couldn’t withstand the heavy summer rains that soak the lush mountain slopes. Eventually, he pulled the plug, tossed the remains of his hop experiment onto the scrap pile and moved on to other things.
Two years later, while planting corn beside that old scrap pile, Veraldi was shocked to find that an enormous hop vine, covered in fragrant cones, had quietly burst forth and grown up a nearby tree. Stunned, he knelt beside the vigorous plant and apologized for having given up on the idea. Veraldi isn’t sure which of his
...More info on site
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