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E-Malt.com Newsletter 18a
May 01 - May 03, 2017
Quote of the Week
There are no facts, only interpretations.
Friedrich Nietzsche
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Currency Rates
Base Currency: US Dollar
on May 03, 2017 |
Base Currency: Canadian Dollar
on May 03, 2017 |
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1 USD = 0.9164 EUR
1 USD = 0.7748 GBP
1 USD = 1.3686 CAD
1 USD = 1.3280 AUD
1 USD = 112.0300 JPY
1 USD = 3.1700 BRL
1 USD = 56.9518 RUB
1 USD = 6.8949 CNY
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1 CAD = 0.7306 USD
1 CAD = 0.5660 GBP
1 CAD = 0.6695 EUR
1 CAD = 0.9703 AUD
1 CAD = 81.8500 JPY
1 CAD = 2.3159 BRL
1 CAD = 41.6308 RUB
1 CAD = 5.0373 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Per capita beer consumption decline would have been more if it weren’t for craft beer – Jim Koch
...Click here
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USA: AB InBev purchases North Carolina’s Wicked Weed Brewing
...Click here
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USA: Constellation Brands prices offering of $1.5 billion aggregate principal amount of Senior Notes
...Click here
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USA, WI: Raised Grain Brewing Co. to open larger brewery in Waukesha
...Click here
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Canada, AB: Annex Ale Project announces opening on May 4
...Click here
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USA, MN: Back Channel Brewing eyeing summer opening on Lake Minnetonka
...Click here
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USA, OH: March First Brewing to start serving its beer and cider on May 5
...Click here
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Canada, NB: Railcar Brewing shuts down to move to new location
...Click here
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USA, MA: Paper City Brewing ceases production and closes its doors, possibly for good
...Click here
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World: Molson Coors Brewing reports decline in Q1 net sales
...Click here
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India: Heineken proposes to buy out all Mallya’s shares in United Breweries - report
...Click here
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South America: Barley export surplus forecast at around 30 thousand tonnes
...Click here
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Uganda: Uganda’s beer market tough but has big potential for growth – Nile Breweries
...Click here
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Belarus: Belarus maltster Belsolod expanding presence in Southeast Asia
...Click here
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Norway: Carlsberg’s Ringnes brewery investigated by competition authority
...Click here
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Ireland: Guinness removes isinglass from filtration process
...Click here
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Graph of the Week
Table of the Week
Africa Barley Imports, Production, Consumption, and Stocks
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.
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
01 May
1876 - The Amsterdam Stock Exchange Association (Vereniging voor de Effectenhandel) is created by 465 Dutch brokers; from now on, only members of the association are allowed to trade on the exchange
1878 - The Tokyo Stock Exchange Co., Ltd., is established, primarily to trade bonds
1925 - The All-China Federation of Trade Unions is officially founded. Today it is the largest trade union in the world, with 134 million members
1972 - Economist Milton Friedman rings the opening bell at the Chicago Mercantile Exchange to inaugurate the world's first day of trading in foreign-currency futures
02 May
1896 - The Dow Jones Industrial Average is first published
1913 - William R. Hewlett, co-founder of Hewlett-Packard Co., is born in Ann Arbor, Mich
1985 - Quantum Computer Services is incorporated in Delaware. In 1991 it changes its name to America Online, Inc.
1998 - The European Central Bank is founded in Brussels in order to define and execute the European Union's monetary policy
03 May
1830 - 1st regular steam train passenger service starts
1919 - America's 1st passenger flight (New York - Atlantic City)
1965 - 1st use of satellite TV, Early Bird Satellite
Agenda
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: Per capita beer consumption decline would have been more if it weren’t for craft beer – Jim Koch
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Per capita beer consumption in the US has declined 25% since 2000 and “it would’ve been significantly more than that if it weren’t for craft beer,” Boston Beer Company founder, Jim Koch, said at the Beverage Forum in Chicago last week, BeverageDaily.com reported on May 2.
Volume loss comes from the declining consumption of mass domestic beer, Koch said, but the relationship between big beer and independent craft beer is somewhat symbiotic.
“They (large domestic beer companies) create the customers that we can trade up to more flavorful, craft beer,” Koch said.
“We’d all be better off if we could see some success with mass domestic brands and they could get their mojo back.”
Large domestic beer companies need to figure out a way to regain cultural relevance and this should not come by way of acquiring small craft brewers, Koch explained.
“If you’ve got a 50% market [share], you’re not supposed to buy up the other 50% of what you don’t own. You’re supposed to grow by innovating,” he said.
Koch has spoken against continued consolidation in the US beer industry: most recently with the US Department of Justice approving AB InBev's takeover of SABMiller, 'creating a new duopoly' between AB InBev and Molson Coors.
“The
...More info on site
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USA: AB InBev purchases North Carolina’s Wicked Weed Brewing
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Anheuser-Busch InBev is making its first U.S. craft brewery purchase of 2017, announcing on May 3 the acquisition of North Carolina’s Wicked Weed Brewing, Brewbound reported.
Specific financial terms of the transaction were not disclosed and the deal is subject to regulatory approval. Recall that last year, the U.S. Department of Justice promised to “carefully scrutinize any future craft acquisitions” by AB InBev.
“We have chosen to partner with The High End to position ourselves to make Wicked Weed what we imagined it could be when we first sat at a craft beer bar and talked about opening a brewery,” co-founder Walt Dickinson said via a press release. “As a brewer, giving our team more resources to continue innovating our portfolio and the ability to reach more craft drinkers, allows us to keep putting the beer and the people first.”
Wicked Weed, based in the popular craft beer-soaked mecca of Asheville, North Carolina, is the 10th U.S. craft brewery to sell to Anheuser-Busch InBev since 2011. It joins Goose Island (Chicago), Blue Point Brewing (New York), 10 Barrel Brewing (Oregon), Elysian Brewing (Seattle), Golden Road (Los Angeles), Breckenridge Brewery (Colorado), Four Peaks Brewing (Arizona), Devils Backbone (Virginia) and Karbach Brewing (Texas), in A-B’s
...More info on site
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USA: Constellation Brands prices offering of $1.5 billion aggregate principal amount of Senior Notes
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Constellation Brands, Inc., a leading beverage alcohol company, announced on May 3 that it priced the public offering of $1.5 billion aggregate principal amount of Senior Notes, consisting of (i) $500.0 million of 2.70% Senior Notes due 2022 (the "2022 notes") for a public offering price of 99.782% of the principal amount of the 2022 notes; (ii) $500.0 million of 3.50% Senior Notes due 2027 (the "2027 notes") for a public offering price of 99.766% of the principal amount of the 2027 notes; and (iii) $500.0 million of 4.50% Senior Notes due 2047 (the "2047 notes") for a public offering price of 99.559% of the principal amount of the 2047 notes (collectively, the "notes").
The notes will be senior obligations that rank equally with all of Constellation's other senior unsecured indebtedness, and will be guaranteed by the subsidiaries of Constellation that are guarantors under Constellation's senior credit facility.
Closing of the offering is expected to occur on May 9, 2017. Constellation intends to use the net proceeds from the offering to repay all of its outstanding 7.250% Senior Notes due May 2017 in the aggregate principal amount of $700 million and to repay a portion of the
...More info on site
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USA, WI: Raised Grain Brewing Co. to open larger brewery in Waukesha
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Raised Grain Brewing Co. plans to open a production brewery in Waukesha, eventually increasing its capacity to upwards of 40,000 barrels per year, BizTimes reported on May 2.
The new facility would be located in a 20,000-square-foot facility at 1725 Dolphin Drive. The Waukesha Plan Commission will consider a conditional use permit for the project in June.
Co-owner Nick Reistad said Raised Grain is considering a 20-barrel system that would allow the company to eventually reach a production capacity of 30,000 to 40,000 barrels a year. The facility will also allow Raised Grain to a canning line for 12- and 16-ounce cans.
“The first couple years it’s just going to be production at the new facility,” Reistad said.
The company currently operates from a 4,000-square-foot space at 2244 W. Bluemound Road, with a little over half of the space used for the brewery and offices and the remainder functioning as a taproom. The current capacity is around 1,100 barrels and there’s only room for a small bottling line.
The plan is to keep the current 7-barrel system at the original location for the time being. Reistad said that will allow Raised Grain to continue to be flexible and innovative in the beers it produces.
“I think
...More info on site
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Canada, AB: Annex Ale Project announces opening on May 4
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A new Calgary brewery led by a former staffer at one of the city’s most established craft breweries has announced that it is opening its doors to the public on May 4th, Canadian Beer News reported.
Annex Ale Project has been founded by Andrew Bullied, previously head brewer at Village Brewery, along with partner Erica O’Gorman of the unrelated Village Ice Cream, and is located at 4323 1st Street S.E. in Manchester Industrial Park in Calgary’s southwest.
The brewery will be launching with two core brands – Extra Pale Ale [XPA] (“light malt profile, west coast character, gigantic hop aroma but not a huge bitterness”) and North American Bitter (“all the nuttiness, caramel you expect with the English bitter balance, but with a big North American nose to compliment malt profile”) – along with two seasonal brands that Bullied describes as “a big whomper of an IPA, and a dry hopped kettle sour.”
Annex is also offering an all-natural non-alcoholic Root Beer that was previously being contract brewed at Banded Peak while brewery construction was taking place.
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USA, MN: Back Channel Brewing eyeing summer opening on Lake Minnetonka
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When the weather is nice in Minnesota, there’s almost nothing better than drinking a fresh beer on a lake.
Starting this summer, Twin Citians will be able to get that beer straight from the source at Back Channel Brewing, which will open in Spring Park on Lake Minnetonka, TwinCities.com reported on April 28.
The brewery, the first on the upper lake, will focus on producing beer using local malts from sustainable farms. The taproom will include an outdoor patio space overlooking the lake, and the space even has the future possibility of transient boat slips, so boaters can park and stop in.
The brewery is owned by local friends and business owners Josh Leddy, Melissa Langseth, Matt Olson and Joe Meehan.
The brewery will be at 4787 Shoreline Drive, Spring Park.
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USA, OH: March First Brewing to start serving its beer and cider on May 5
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A new brewery and distillery named for the day of the year that both it and the state of Ohio were founded will start serving beer and cider in Sycamore Township on May 5. March First Brewing, 7885 East Kemper Road, features a taproom, beer garden and dock sales, Cincinnati.com reported on April 28.
Founders Mark Stuhlreyer and Kevin Kluener plan to focus on lagers as well as ciders made with Ohio-grown apples. They've spent the last year acquiring equipment and testing recipes. The lager they'll have available at launch is on version No. 20. Also available at the grand opening are a heller bock, Denali IPA, dry hopped cider, dry limed cider and traditional cider. Coming soon are a lager-based Baltic porter, craft light pilsner, rose cider and mosaic pale ale. The brewery's tap room has six taps now but plans to add more.
Brewers Garrett Huber and Shae Pridemore most recently worked at Cellar Dweller, the brewery at Valley Vineyards in Morrow.
Within the next couple of months, some of the planned distilled spirits, such as rum and vodka, will be available. Down the road, they'll sell apple brandy, bourbon, rye and American whiskey.
In the meantime, distribution is already underway, with
...More info on site
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Canada, NB: Railcar Brewing shuts down to move to new location
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Railcar Brewing has announced via Facebook that it has “closed for renovations until further notice,” although it’s more accurate to say that the brewery has shut down in preparation for a move to a new location.
According to the Maritime Beer Report, Railcar is set to relocate to 694 Perth Main St. in Perth-Andover, approximately 40 km north of its current location under AC Sharkey’s Pub at 2B Curtis Road in Florenceville-Bristol.
This will be the third home for Railcar since it originally launched in late 2014 at 9172 Main Street in Florenceville-Bristol, which followed a failed attempt to open in a railcar on the Shogomoc Historical Railway Site.
No timeline has been announced as of yet for the relocation and reopening.
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USA, MA: Paper City Brewing ceases production and closes its doors, possibly for good
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Paper City Brewery at 108 Cabot St., Holyoke has ceased brewing in a stoppage that could be temporary as the owner said on April 28 he is seeking investors, MassLive.com reported.
"We are not in production at the moment, my brother has retired from the business and I'm looking for other investors to redevelop the brewery and property," said an email from co-owner Jay Hebert in response to questions from The Republican.
Hebert added in an email later, "Stopped at the end of 2016. I'm hoping something will resume this year."
Hebert was unavailable for further comment.
Earlier on April 28, a city official said the brewery had closed and the owner was selling the building.
"It's my understanding that they're closing and selling the building. They must have been in tight financial constraints for a while, they've accumulated quite a large tax debt," said Marcos A. Marrero, director of the city Department of Planning and Economic Development.
Marrero confirmed talk spreading in the micro-brew community about Paper City Brewery such as this post by Mass. Brew Bros. dated Wednesday:
"One of the Bay State's oldest breweries, Holyoke's Paper City Brewing, has ceased production and closed its doors, possibly for good. No word yet on when, or
...More info on site
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World: Molson Coors Brewing reports decline in Q1 net sales
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Compared with the previous year, Molson Coors Brewing Co. is off to a slow start in 2017.
The brewing giant reported first-quarter net sales decreased
...More info on site
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India: Heineken proposes to buy out all Mallya’s shares in United Breweries - report
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Dutch beer maker Heineken International has approached lenders with a proposal to buy out all of embattled businessman Vijay Mallya's shares in United Breweries
...More info on site
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South America: Barley export surplus forecast at around 30 thousand tonnes
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According to the latest report by the analysts H. M. Gauger GmbH, Argentina’s barley production this year may reach 3.2 mln tonnes with domestic
...More info on site
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Uganda: Uganda’s beer market tough but has big potential for growth – Nile Breweries
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Greg Metcalf has been at the helm of the Nile Breweries Limited, a subsidiary of AB InBev based in Belgium since 2014. He
...More info on site
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Belarus: Belarus maltster Belsolod expanding presence in Southeast Asia
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The open joint stock company Belsolod is expanding its presence in the markets of Southeast Asia, BelTA learned from the company's director general Sergei
...More info on site
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Norway: Carlsberg’s Ringnes brewery investigated by competition authority
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Norway's competition authority is investigating whether Carlsberg-owned brewer Ringnes has engaged in anti-competitive practices, the regulator said in a statement on April 28.
The authority said it had searched Ringnes' offices in January to secure evidence, but had not previously disclosed the raid, Reuters reported.
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Ireland: Guinness removes isinglass from filtration process
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Guinness has removed fish guts from its filtration process after announcing the move in 2015, The Irish Sun reported on May 1.
For over 200 years, the stout was filtered using isinglass, a protein which comes from dried fish bladders.
The change to the brewing process means that vegans can now enjoy a pint of the black stuff, guilt free.
Guinness shared the following statement with PETA, who praised that news:
“The first stage of the roll out of the new filtration system concentrated on Guinness Draught in kegs.
“The brewery is delighted to confirm that this phase of the project is complete and all Guinness Draught produced in keg format at St. James’s Gate Brewery and served in pubs, bars and restaurants around the world, is brewed without using isinglass to filter the beer.”
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