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E-Malt.com Newsletter 20a
May 15 - May 17, 2017
Quote of the Week
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Booker T. Washington
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Currency Rates
Base Currency: US Dollar
on May 17, 2017 |
Base Currency: Canadian Dollar
on May 17, 2017 |
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1 USD = 0.9063 EUR
1 USD = 0.7747 GBP
1 USD = 1.3616 CAD
1 USD = 1.3474 AUD
1 USD = 113.4300 JPY
1 USD = 3.1025 BRL
1 USD = 56.2603 RUB
1 USD = 6.8897 CNY
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1 CAD = 0.7343 USD
1 CAD = 0.5688 GBP
1 CAD = 0.6655 EUR
1 CAD = 0.9894 AUD
1 CAD = 83.2900 JPY
1 CAD = 2.2782 BRL
1 CAD = 41.3656 RUB
1 CAD = 5.0592 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: MillerCoors to break ground on Milwaukee brewery expansion on May 19
...Click here
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USA, VA: Hawksbill Brewing Company launches in Luray
...Click here
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USA, MA: Untold Brewing getting ready to open in Scituate later this year
...Click here
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USA, CA: Coronado Brewing’s head brewer launching Mexican-themed craft brewery
...Click here
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World: Malt markets active and profitable in the EU, Americas last year
...Click here
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World: Barley crop forecast 5 mln tonnes down next season
...Click here
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Malaysia: Carlsberg Brewery Malaysia’s Q1 profit up 7%
...Click here
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Chile: Cia Cervecerias Unidas SA trading near record highs
...Click here
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EU: Barley crop 2017 still forecast at around 60 mln tonnes
...Click here
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Australia & China: Chinese demand for barley underpins values paid to Australian growers
...Click here
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India: United Spirits bullish about growth prospects in India
...Click here
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UK: Kingfisher Beer Europe to market and distribute the Cantonese beer Pearl River
...Click here
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India: Carlsberg appoints new India managing director
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Graph of the Week
Table of the Week
EU Malt Export and Import
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
MEET SIMCOE'S COUSIN - MOSAIC
ABSTRACT
Mosaic is a relatively new hop variety, however it
is already world famous and used in many different
beers. This article written by Mosaic's creators gives an
extensive overview of this variety, its genetic pedigree
and its sensory and analytical properties.
Probasco, G: Mosaic (HBC 369): A New Flavor Hop Variety
Read more
Source: Barth Innovations
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These Days in Business History
15 May
1878 - The Tokyo Stock Exchange Co., Ltd., is established, primarily to trade bonds
1905 - Las Vegas, Nevada founded
1940 - McDonald's opens its first restaurant in San Bernardino, California
1941 - The world's first successful jet aircraft, a Gloster E28/39 powered by a W1 engine designed by Frank Whittle, takes off and lands at Farnborough, England
16 May
1911 - Supreme Court dissolves Standard Oil with the Sherman Antitrust Act
1930 - Two Texas engineers found a company called Geophysical Service Inc. to use seismographic technology to improve the business of exploring for oil
1949 - The Tokyo Stock Exchange, originally founded in 1878, reopens for business after the devastation of World War II
1951 - The first regularly scheduled transatlantic flights begin between Idlewild Airport (now John F Kennedy International Airport) in New York City and Heathrow Airport in London, operated by El Al Israel Airlines
17 May
1892 - George Sampson patents clothes dryer
1921 - Belgian-Luxembourg sign customs union
1968 - European Space Research Org launches 1st 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: AB InBev to invest $2 bln in its US business
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Anheuser-Busch InBev, the world's largest brewer, plans to invest $2 billion in the United States, where its flagship Budweiser lager has suffered from declining volumes and a falling market share over the past three years, Reuters reported on May 15.
The company, which recently bought nearest rival SABMiller for nearly $100 billion, said it was launching one of the largest capital investment programs in U.S. brewing history, investing close to $500 million this year and a total of $2 billion through 2020.
In 2017, it will spend more than $200 million on brewery and distribution projects, of which $82 million would be to improve national supply chains and to build distribution facilities in Los Angeles and Columbus.
Investment in many of its 21 U.S. breweries will also allow them to make different beers, or expand production of aluminum bottles.
The company will also push further into non-alcoholic drinks, such as the ready-to-drink tea Teavana it is producing in partnership with Starbucks .
AB InBev's beer sales in the United States have fallen as Americans have developed an increasing thirst for craft beer.
AB InBev responded in 2011 by taking over Goose Island, and has since added 10 more U.S. craft brewers. Its 12th planned addition, Wicked
...More info on site
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USA: MillerCoors to break ground on Milwaukee brewery expansion on May 19
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Barriers to entry in the beer business are low and that’s why there are more than 5,300 brewpubs, microbreweries and regional craft breweries operating in the United States.
But brewing some of America’s most popular beer brands and constantly experimenting with new beers and other beverages? That doesn’t come cheap.
On May 19, MillerCoors will break ground to expand the Tenth Street Brewery near downtown Milwaukee, the Milwaukee Independent reported on May 15.
The expanded facility includes new cellars, and a warehouse/pack hall and a brewhouse. It is designed to have the flexibility to serve as an incubator, brew small-batch beers and run variety packs. When completed, it will have annual capacity of around 250,000 barrels.
The expansion represents a $50 million investment and will create around 40 new jobs. The initiative to expand 10th Street was originally announced earlier this year.
MillerCoors invested approximately $300 million in supply chain in 2016. And, as the 10th Street expansion demonstrates, MillerCoors plans to invest at significant levels in 2017.
Tenth Street currently primarily brews beers from the Jacob Leinenkugel Brewing Company.
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USA, ID: Hop growers to add 1,500 acres this year
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Idaho hop growers will add 1,500 acres this year, and there is an outside shot the state could move into the No. 2 spot in the U.S. for hop production, Capital Press reported on May 12.
Hop acres in Idaho, the nation’s No. 3 hop producing state behind Washington and Oregon, have increased by large amounts every year since 2012, when they totaled 2,423.
They increased to 3,376 in 2013 and then 3,743 in 2014, 4,863 in 2015 and 5,648 in 2016.
Idaho growers told Capital Press they planted about 1,500 new acres this year, which would push the total amount of hop acres in this state past 7,000.
With Idaho typically enjoying higher hop yields than Oregon, it’s possible Idaho could move into the No. 2 spot for total production this year, said southwestern Idaho grower Mike Gooding.
“There is an outside chance Idaho may move into the No. 2 spot, ahead of Oregon,” he said. “That would be something that nobody ever dreamed of 10 years ago.”
According to USDA’s National Agricultural Statistics Service, 7,765 acres of hops were harvested in Oregon last year. NASS will release state-level hop acreage estimates next month.
Since 2014, average hop yields in Idaho have ranged from 50 to
...More info on site
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USA, VA: Hawksbill Brewing Company launches in Luray
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"We wanna bring local all the way from the farm to the tap to the glass," said Hawksbill Brewing Company co-owner David Sours.
Grown here, brewed here: that's the concept behind Luray's newest attraction at Hawksbill Brewing Company, WHSV reported on May 12.
"I enjoy brewing. It's kind of a fun experiment," said co-owner Kevin Crisler.
Kevin is the brewer. David is the farmer, and Jim, the mastermind.
"We finally got the right team together between David and Kevin to pull this off," said co-owner Jim Turner. "And we've been working hard for about two years now and here we go!"
The beer is just a product of teamwork and the hard working farmers down the street.
"I think being able to drink beer that was made down the street by people that you know, using ingredients from people you know, brings people together," said Crisler.
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USA, MA: Untold Brewing getting ready to open in Scituate later this year
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A new brewery is on the way to a town south of Boston, and it will embrace some historical pieces of the neighborhood. Untold Brewing is under construction at 6 Old Country Wy. in Scituate, with a few hurdles left to clear before opening later this year, Eater Boston reported on May 16.
The brewery is the work of brewer and founder Matt Elder, co-founder and head brewer Kyle Hansen, and co-founder and marketing director Kristin Greene. The Untold Brewing team began the buildout of the brewery last fall and has come a long way since then: from pouring the foundation to raising the roof on the production space and relocating the frame of Scituate’s South Main Street School to the property, where it will serve as the brewery’s taproom, as the Boston Business Journal reported last year. The 165-year-old building underwent restorations to preserve some of the original classroom and renovations to accommodate beer drinkers. The schoolhouse section will be connected to the production building, which will house an extension of the taproom, including a bar with 12 taps, additional seating, and a seasonal outdoor patio.
Down the line, Untold plans to bring food, music, art, and community events into the
...More info on site
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USA, CA: Coronado Brewing’s head brewer launching Mexican-themed craft brewery
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Coronado Brewing’s head brewer, Ryan Brooks, works within a few miles of the U.S.-Mexican border.
He’s about to get even closer.
On May 16, Brooks will officially become co-founder and brewmaster of SouthNorte, a new brewery that aims to make American craft beer with Mexican flair.
“The more time I spent in Mexico with my family the more inspired by and attached to the Mexican culture I became,” said Brooks, who is married to a Tijuana native. “With SouthNorte, I want to share my love of that culture and transport the U.S. craft beer drinker by letting them experience the vibrant and unique flavors of Mexico wherever they are.”
Coronado Brewing is the new venture’s primary investor, but SouthNorte is an independent business. Its beers will be brewed at Coronado’s Bay Park facility until SouthNorte finds a permanent home.
SouthNorte hopes to capitalize on two trends — craft beer is hot, accounting for 22 percent of U.S. beer sales by revenue, while sales of Mexican imported beer grew nearly 11 percent last year.
“SouthNorte combines these two trends,” noted a company release, “to give consumers exactly what they want.”
That’s no easy task, noted Gonzalo Quintero, who teaches beer marketing at San Diego State University.
“They are trying
...More info on site
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World: Malt markets active and profitable in the EU, Americas last year
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Malt markets were very active and profitable last year in the European Union, North and South America, H. M. Gauger GmbH reported earlier this
...More info on site
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World: Barley crop forecast 5 mln tonnes down next season
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IGC forecast the world barley crop of 2017/18 at 144 mln tonnes, down from 149 mln last year. Only the EU figure is higher
...More info on site
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Malaysia: Carlsberg Brewery Malaysia’s Q1 profit up 7%
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Carlsberg Brewery Malaysia Bhd's net profit for the first quarter of the financial year 2017 grew 7%, thanks to improved sales in both Malaysia
...More info on site
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Chile: Cia Cervecerias Unidas SA trading near record highs
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Euphoria in Chile is making its largest brewer look much, much better than it really is, Bloomberg reported on May 17.
Shares of Cia Cervecerias
...More info on site
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EU: Barley crop 2017 still forecast at around 60 mln tonnes
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After a mild winter with negligible losses, spring came early in almost all of Europe, spring planting was virtually finished in February/March in most
...More info on site
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Australia & China: Chinese demand for barley underpins values paid to Australian growers
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Market Check pool manager, Nick Crundall, said Chinese demand for barley in particular had underpinned values paid to Australian growers for the big-yielding crops
...More info on site
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India: United Spirits bullish about growth prospects in India
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Diageo-controlled United Spirits (USL) is bullish about its growth prospects in India, and expects a double-digit growth in top line, despite the regulatory uncertainties, according to a top company official, the Deccan Herald reported on May 12.
“Three years ago, we set our vision to become the best performing, most trusted and respected consumer goods company in India. To achieve that we set out a medium-term goal to grow top line double-digit and improve organic operating margin to mid-high teens,” USL CEO Anand Kripalu said in a presentation to investors in London.
Kripalu also said that the Supreme Court’s order to ban alcohol sales on national and state highways is unlikely to have a major impact on the company. “This (order) is creating a short-term impact, which is expected to go through to the first half of FY18 since some of the outlets have time till September 2017, to comply. We expect the impact to be mitigated eventually,” Kripalu said.
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UK: Kingfisher Beer Europe to market and distribute the Cantonese beer Pearl River
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Kingfisher Beer Europe has revealed its latest distribution deal, which allows it to market and distribute the Cantonese beer Pearl River across the UK, the Offlicence News reported on May 16.
Pearl River, produced by the Guangzhou Nansha Zhujiang Brewery, is named after the 1,375 mile river that flows through Southern China until it reaches the ancient city of Guangzhou, the home of Cantonese cuisine and Dim Sum. The brew is one of China’s biggest beer brands and its modern brewery produces 1.2 billion litres of beer a year.
Damon Swarbrick, ceo of Kingfisher Beer Europe, said: “The launch of Pearl River in the UK will capitalise on two dominant consumer trends in the beer market. Firstly, consumers are increasingly keen to match their beer to the food they are consuming. There are 3,500 Chinese restaurants in the UK and the vast majority of these are serving either Cantonese cuisine or Dim Sum, for far too long these restaurants have been unable to sell an authentic Cantonese beer to complement these flavours. Secondly, consumers are constantly on the lookout for new exciting discovery beers instead of the existing brands they have been drinking for years. We believe Pearl River is well placed
...More info on site
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India: Carlsberg appoints new India managing director
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Danish brewer Carlsberg on May 16 appointed Nilesh Patel as the managing director and vice president of the company, ETRetail.com reported.
Patel will replace Michael N. Jensen who will assume the role of managing director at Carlsberg in Myanmar to oversee the Thailand operations. Michael had joined Carlsberg India in 2012 and was promoted to managing director in 2014.
“Michael N. Jensen has moved to Myanmar as the Managing Director to replicate the success of India in this very important market for Carlsberg Group. He was instrumental in delivering healthy top-and bottom-line growth over the last three years,” said the company statement.
Prior to his new role, Patel was the senior vice president and president (Asia Pacific region) of cosmetic brand Avon. He has over 30 years of work experience and has served as the managing director and chairman of Heinz India.
In beer, UB dominates with 52% market share but Carlsberg, the maker of Tuborg strong beer, has gained the most with 15% share in the last five years giving stiff competition to SABMiller which is at about 20%.
According to a recent report by Ambit Capital, SABMiller has been losing market share to Carlsberg, which has followed an aggressive on-premise marketing of Tuborg
...More info on site
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