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E-Malt.com Newsletter 17a
April 24 - April 26, 2017
Quote of the Week
Wine is but a single broth, ale is meat, drink and cloth.
English proverb
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Currency Rates
Base Currency: US Dollar
on April 26, 2017 |
Base Currency: Canadian Dollar
on April 26, 2017 |
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1 USD = 0.9181 EUR
1 USD = 0.7807 GBP
1 USD = 1.3564 CAD
1 USD = 1.3252 AUD
1 USD = 110.4000 JPY
1 USD = 3.1369 BRL
1 USD = 55.8453 RUB
1 USD = 6.8843 CNY
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1 CAD = 0.7372 USD
1 CAD = 0.5755 GBP
1 CAD = 0.6768 EUR
1 CAD = 0.9769 AUD
1 CAD = 81.3800 JPY
1 CAD = 2.3124 BRL
1 CAD = 41.2244 RUB
1 CAD = 5.0748 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Molson Coors starts construction of its new brewery in British Columbia
...Click here
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Canada: Barley acreage expected to decline 8% this year
...Click here
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USA, MI: Founders Brewing Co planning a Detroit brewery, restaurant and taproom this summer
...Click here
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USA, FL: Clearwater's Big Storm Brewing acquires Fat Point Brewing in Punta Gorda
...Click here
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USA, CA: Russian River Brewing Company finally breaks ground on new facility in Windsor
...Click here
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USA, NC: Olde Salem Brewing Co. in the works for downtown Salem
...Click here
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USA, VA: Cape Charles awarded an Industrial Revitalization Fund grant of $500,000 for the Cape Charles Brewing Co.
...Click here
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USA, MA: Brewery Silvaticus to open in Amesbury this summer
...Click here
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Canada, ON: Union Jack Brewing shuts down brewery and retail store
...Click here
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USA, MI: Founders Brewing denies plans to repurchase some of its shares from Mahou San Miguel
...Click here
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World: Malting industry in good mood and optimistic for the coming years
...Click here
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Brazil: AB InBev convinced about the potential of Brazilian consumer market
...Click here
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India: Beer market volume expected to reach nearly 470 bln litres by the end of 2017
...Click here
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World: World barley crop forecast at 144 mln tonnes in 2017/18
...Click here
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Australia: Private barley crop estimates are 14 mln tonnes this year
...Click here
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Australia: Malting barley prices on par or below feed values and will hardly pick up again until next harvest
...Click here
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EU: Winter barley yield forecast increased to 5.82 t/ha
...Click here
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Serbia: Carlsberg’s investments in Serbia total 220 mln euro since 2003
...Click here
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India: Heineken calls for Mallya to quit United Breweries
...Click here
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Graph of the Week
Table of the Week
USA Hop Production by Variety 2012-2016
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
THE TRUE BITTERNESS OF HUMULINONES
ABSTRACT
A couple of recent studies revealed that the increased
bitterness in dry hopped beers is greatly influenced by
the formation of humulinones (oxidized hop alpha-acids). Using previously established synthesis methods and
preparative liquid chromatography, high-purity extracts
of humulinones and hulupones were prepared for
sensory testing. A trained flavour descriptive panel
found humulinones to be 66% as bitter as iso-alpha-acids,
and hulupones to be 84% as bitter as iso-alpha-acids.
This study also found that the bitterness intensity of
humulinones and hulupones are substantially higher
than previous estimates of 35% and 50%, respectively.
Whereas iso-alpha-acids were confirmed to be more bitter
than oxidized alpha-acids and beta-acids, both hulupones and
humulinones were bitter enough to potentially have
a significant impact in beer, especially in dry hopped
beers. The threshold value of humulinones was found
to be around 8 mg/L in unhopped beer.3
Algazzali, V.; Bitterness Intensity of Oxidized Hop Acids: Humulinones and Hulupones
Read more
Source: Barth Innovations
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These Days in Business History
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
25 April
1905 - World's largest diamond, Cullinan - 3106 carets, found in South Africa
1931 - Pynchon & Co., one of the Wall Street's largest and most prestigious brokerage firms, goes bust, with $40 million in liabilities -- the biggest failure of a brokerage yet on record
1955 - Columbia U scientists develope an atomic clock accurate to within one second in 300 years
26 April
1755 - 1st Russian university opens (Moscow)
1887 - Huntsville Electric Co forms to sell electricity
1904 - Bell Telephone Company of Antwerp Belgium forms
1970 - The Convention Establishing the World Intellectual Property Organization enters into force
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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Canada: Molson Coors starts construction of its new brewery in British Columbia
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Molson Coors' Canadian unit has started construction on a new British Columbia brewery.
The firm said on April 25 that the CAD200 mln (US$147 mln) facility in Chilliwack would employ about 100 people. Production is expected to start in early 2019.
The new brewery will play a "critical role in the company's supply chain", Molson Coors said. The facility will serve as the western Canadian brewing and distribution centre for beer, cider and specialty products. Construction of the site is expected to create 1,000 jobs.
The company announced plans to build the "technologically advanced" site last August. The news followed the CAD185 mln (then-US$144.5 mln) sale of its Vancouver brewery.
Earlier this month, Molson Coors along with Anheuser-Busch InBev hit back at comments from Boston Beer Co founder Jim Koch, who accused them of stifling the US craft beer market.
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Canada: Barley acreage expected to decline 8% this year
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Canadian farmers across almost all provinces report that they intend to seed less barley in 2017, Statistics Canada said on April 21.
The acreage is expected to decline 8% to 5.9 million acres nationally.
As for wheat, reported intending to seed 23.2 million acres of all varieties of wheat in 2017, relatively unchanged from the area seeded in 2016. Western producers, accounting for 95% of this acreage, are expecting only a slight increase of 0.4% overall, to 22.0 million acres.
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USA, MI: Founders Brewing Co planning a Detroit brewery, restaurant and taproom this summer
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Founders Brewing Co., one of Michigan's largest and most-celebrated breweries, plans to open a Detroit brewery, restaurant and taproom this summer.
Located on 456 Charlotte St., just north of the Masonic Temple in the Cass Corridor, it will be the first-ever taproom outside the Grand Rapids-based brewery's headquarters. It's expected to employ about 100 people, primarily local residents, starting this summer.
"We've been coming down to Detroit now for two decades, selling our brand, and we've watched Detroit go through its struggles," Founders co-founder and CEO Mike Stevens said on April 25. "Founders is no stranger to struggle. We've flirted with bankruptcy a couple times. The first dozen years was absolutely brutal, so I think we've lived very similar lifestyles, and we're honored to kind of put our elbows together and be a part of a community that kind of gets what raw guts, and grit, and just go-for-it kind of mentality looks like."
The brewery, restaurant and retail taproom will be in a 14,000 square-foot building that's a brief walk north from Little Caesars Arena, the new home of the Detroit Red Wings and Pistons scheduled to open this fall. It's expected to make about 200 barrels of unique, local beer per
...More info on site
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USA, FL: Clearwater's Big Storm Brewing acquires Fat Point Brewing in Punta Gorda
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Clearwater's Big Storm Brewing is getting fat — Fat Point Brewing, that is. Big Storm announced on April 25 that it acquired the ailing Punta Gorda-based microbrewery, allowing Fat Point to continue producing its beer using Big Storm equipment and managerial staff, Tampabay.com reported.
Terms of the deal were not disclosed.
"When we first decided to close our doors, it was a bittersweet moment, mostly on the bitter side," Bill Frazer, Fat Point founder, said. But things are looking up since the acquisition.
The brewers are planning a forthcoming collaboration series called "Big and Fat," which will include beers highlighting the two companies' signature flavors. L.J. Govoni, cofounder of Big Storm's parent company, Seaboard Craft Beer Holdings, also expects the Big Storm staff of 12 employees to double or triple within the next 18 months.
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USA, CA: Russian River Brewing Company finally breaks ground on new facility in Windsor
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After months of rigorous planning and preparations, Natalie and Vinnie Cilurzo, owners of Russian River Brewing Company (RRBC) in Santa Rosa, finally broke ground for their new Windsor facility on Friday, April 21, the Sonoma Magazine reported.
The Cilurzos are planning to construct a large production facility and brewery on the site, located just outside of the Windsor Town Green, some 7 miles north of the original RRBC brewpub in Santa Rosa. The new location will also feature a restaurant and taproom, and guests will be able to tour the property. The Cilurzos are hoping that the Windsor location will take some of the pressure off the downtown Santa Rosa brewpub, which receives more than 300,000 visitors every year, and reduce the lines that occur on weekends and during beer releases.
Natalie and Vinnie Cilurzo opened their Santa Rosa brewery in 2004, with the help of 30 investors. They were recently able to pay back the investment and the new Windsor venture is self-funded.
“We’ve assembled our own dream team to assemble our dream brewery,” said Vinnie Cilurzo. Architecture firm Archilogix will serve as the project design lead, along with BKF Engineering, construction consultant Del Nordby, landscape firm Quadriga, and landscape architect
...More info on site
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USA, NC: Olde Salem Brewing Co. in the works for downtown Salem
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A brewery is in the works for downtown Salem, the Roanoke Times reported on April 22.
Sean Turk, a real estate agent with RE/MAX All Stars, and three other investors are in the process of purchasing the building at 21 E. Main St. to open Olde Salem Brewing Co. That spot is more familiar as the longtime home of Tarpley's and Mac's Appliances, which has been in that building since 1948.
The property has been on the market for a long time, though, and Turk saw it as a prime opportunity to open a brewery downtown, something city officials have been clamoring for.
The space is about 7,700-square-feet and has private parking in the back that would allow food trucks to set up shop. Turk has a brewer in mind already and plans to install a five-barrel brewing system. Distribution isn't planned yet but could be on the table in the future. Details about the beer are still being worked out, but Turk said he expects a lot of the standard craft beer favorites: India pale ale, Kolsch and porter. He said he would also like to have some barrel-aged and sour beers.
He hopes to begin work after the
...More info on site
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USA, VA: Cape Charles awarded an Industrial Revitalization Fund grant of $500,000 for the Cape Charles Brewing Co.
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Cape Charles is one of three localities to be awarded an Industrial Revitalization Fund grant by the state of Virginia for a proposed brewery project, the Delmarva Daily Times reported.
The town of Cape Charles was awarded $500,000 for the Cape Charles Brewing Co., Gov. Terry McAuliffe announced on April 24.
McAuliffe announced a total of $1.45 million in awards to three Virginia localities — the other awards went to the town of Big Stone Gap for redevelopment of the Mutual Pharmacy Complex, and to the Industrial Development Authority of South Boston for revitalization of the John Randolph Hotel.
The $2 million brewery project, slated to come to Cape Charles later this year, is the brainchild of the Marshall family, which started Delisheries in town in 1997. The family members are home brewing enthusiasts and had been thinking for some time about going into business again, after Delisheries was sold in 2003.
A property suitable for a brewery venture was found on Stone Road.
Speaking at a Cape Charles Town Council meeting Feb. 16, Mark Marshall said the 15-barrel production facility will have the capacity to brew as many as 10,000 barrels of beer per year for distribution up and down the coastal corridor
...More info on site
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USA, MA: Brewery Silvaticus to open in Amesbury this summer
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When Mark Zappasodi moved his garden from a 49-by-100-square-foot plot in Queens. N.Y., to a 43-acre spread in Merrimac five years ago, he knew life would be different, The Daily News of Newburyport reported.
"I was the one who did most of the arm twisting," Zappasodi said about the move to Tamarack Farmstead, in his wife Caroline's native Merrimac. "I'm born and bred in New York so I was leaving it for the first time and that was exciting. For her, it was coming home. It was a little bit of a different sale for her."
Lucky for local beer drinkers, Zappasodi not only made the sale with his wife but he has taken full advantage of his time on the farm to create Brewery Silvaticus, which he said should open in the heart of Amesbury's Lower Millyard this summer.
"This is a beer town without a brewery," Zappasodi said. "If you have a good local brewery, that sparks all of the other businesses in the area. It will create other breweries coming in, it will create more commerce, more restaurants, more nightlife and more foot traffic."
With a half-acre hop lot back on his farm, Zappasodi partnered with 49th State Brewing Co. brewmaster
...More info on site
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Canada, ON: Union Jack Brewing shuts down brewery and retail store
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Soo Today reports that Union Jack Brewing has shut down its brewery and retail store in downtown Sault Ste. Marie.
Brewery owner Jordan Jack tells the paper that a number of factors contributed to the closure, including rejection of the brewery’s brands by the LCBO, and Jack’s commitments at his positions as owner of a local Pharmasave franchise and director of the West End Walk-In Clinic.
The building and brewery facility are currently up for sale for C$799,000, although Jack says that if it doesn’t sell within a year, he may rebrand and relaunch the brewery at a later date.
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USA, MI: Founders Brewing denies plans to repurchase some of its shares from Mahou San Miguel
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Contrary to a report in an international brewery trade publication, Founders Brewing Co. has no plans to repurchase some of its shares from its Spanish investors, MiBiz reported on April 21.
CEO Mike Stevens flatly denied a report from Brauwelt International that said the Grand Rapids-based brewery planned to buy back 8 percent of its shares from Mahou San Miguel, the family-owned Spanish brewery that bought a 30-percent stake in Founders in 2014.
“I can tell you it’s 100 percent false,” Stevens said of the report.
Pressed further, Stevens said he was unsure how the rumor got started. He said had no reason to believe that Tim Traynor, Founders’ International Market Manager who was cited in the article, had any intention to spread misinformation.
“(He wasn’t) misinformed, to my knowledge,” Stevens said, adding that he had yet to talk to the European-based executive. “Tim has worked for us for many years. Just knowing Tim, my guess is it was a miscommunication between him and whomever he was talking to.”
According to the Brauwelt International report, Founders would buy back a portion of the shares it sold to Mahou San Miguel so that the company could once again meet the Brewers Association’s membership
...More info on site
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World: Malting industry in good mood and optimistic for the coming years
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Maltsters are in a good mood and optimistic for the coming years. Barley crops had been variable in the Northern Hemisphere, but are excellent
...More info on site
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Brazil: AB InBev convinced about the potential of Brazilian consumer market
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Anheuser-Busch InBev, the world's largest brewer, remains convinced about the potential of the Brazilian consumer market despite declining beer sales over the past two
...More info on site
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The Czech Republic: Beer output up 1.9% last year
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Czech brewers produced a record amount of beer last year - 20.5 mln hl which is 1.9% more than in 215, České Noviny reported.
Total
...More info on site
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India: Beer market volume expected to reach nearly 470 bln litres by the end of 2017
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Having seen substantial growth since 2011, India’s beer market is expected to reach volumes of nearly 470 bln litres by the end of this
...More info on site
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World: World barley crop forecast at 144 mln tonnes in 2017/18
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The 2017/18 world barley crop forecast in IGC’s latest report is 144 mln tonnes, minus 5 mln tonnes y/y. Trade is expected at 27
...More info on site
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Australia: Private barley crop estimates are 14 mln tonnes this year
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Australia’s private crop estimates are 14 mln tonnes of barley, H. M. Gauger GmbH said earlier in April.
Inland and port logistics have operated
...More info on site
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Australia: Malting barley prices on par or below feed values and will hardly pick up again until next harvest
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Malting barley prices have slumped to be on par or below feed barley values, after a short window to sell the premium grain this
...More info on site
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EU: Winter barley yield forecast increased to 5.82 t/ha
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The European Union's crop monitoring service slightly increased its forecast of this year's soft wheat yield in the bloc to 6.05 tonnes per hectare (t/ha) from 6.02 t/ha in its initial outlook last month. This would be 8.2 percent above the average EU soft wheat yield in 2016, when the crop was hit by adverse weather, the MARS service said in a monthly report published on April 24.
It also slightly lifted its outlook for the EU's 2017 winter barley yield to 5.82 t/ha from 5.81 t/ha last month, but left the spring barley yield forecast unchanged at 4.21 t/ha.
For grain maize, MARS put the average yield at 7.13 t/ha, up from 7.12 t/ha seen last month.
In oilseeds, MARS lowered its projection of this year's rapeseed yield to 3.27 t/ha from 3.29 t/ha.
It kept its forecast of the EU's average sugar beet yield in 2017 unchanged at 74.2 t/ha.
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Serbia: Carlsberg’s investments in Serbia total 220 mln euro since 2003
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Danish brewer Carlsberg has invested 220 million euro ($239.6 million) in Serbia since it set foot in the country in 2003, the head of the regional government of Serbia's Vojvodina province, Igor Mirovic, said.
"The intensive economic development is not only a key objective but I would say the top priority," Mirovic said during the celebration of the 125th anniversary of the brewery of Carlsberg in Celarevo, in northern Serbia, according to a statement issued by Vojvodina government on April 24.
In addition to modernising the brewery in Celarevo, Carlsberg has made significant donations to the local community, which represents the biggest Danish investment in Serbia, Morten Skovgaard Hansen, charge d'affaires of the Danish embassy, said in the statement.
Carlsberg acquired a 52% stake in Pivara Celarevo in 2003. The Danish company lifted its stake in the brewery to 99.96% in 2004 and renamed it to Carlsberg Serbia. The Celarevo brewery produces the Lav, Merak, Carlsberg, Tuborg and Grimbergen Blonde brands of Carlsberg.
The Danish group lifted the annual production capacity of the Celarevo brewery to 126,900 hectolitres from 93,900 hectolitres by completing an overhaul project in 2008.
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India: Heineken calls for Mallya to quit United Breweries
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Vijay Mallya is under intense pressure from Dutch brewing giant Heineken to relinquish his position as chairman of United Breweries, The Drinks Business reported on April 25.
Having inherited United Breweries (UB) from his late father, Mallya is facing a clamour to quit as chairman of the company that holds a 52% share of India’s beer market.
Dutch giant Heineken obtained a 37.5% stake in UB when it took over Scottish & Newcastle Breweries in 2008. Until then S&N had been a joint partner with the Indian brewer. At the time Mallya complained that the takeover raised questions of conflicting interests as it would give Heineken inside knowledge of UB’s strategy.
A compromised was reached, one condition of which was that Mallya would remain chairman of United Breweries for life.
But since then India’s stock market authorities have suspended Mallya from taking part in any market-related operations and from holding any responsible position in a quoted company. He is facing extradition to India over fraud allegations and has been declared a “wilful defaulter” over loans from 17 banks to prop up his failed Kingfisher airline.
Those are grounds that could be used to invalidate Heineken’s agreement with him.
Heineken now holds 43% of UB, giving it
...More info on site
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