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E-Malt.com Newsletter 22b
June 01 - June 04, 2017
Quote of the Week
Don't focus on regrets; find your inspiration in what you can do now.
Catherine Pulsifer
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Currency Rates
Base Currency: US Dollar
on June 03, 2017 |
Base Currency: Canadian Dollar
on June 03, 2017 |
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1 USD = 0.8905 EUR
1 USD = 0.7767 GBP
1 USD = 1.3497 CAD
1 USD = 1.3514 AUD
1 USD = 111.1000 JPY
1 USD = 3.2295 BRL
1 USD = 56.6876 RUB
1 USD = 6.8043 CNY
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1 CAD = 0.7408 USD
1 CAD = 0.5754 GBP
1 CAD = 0.6597 EUR
1 CAD = 1.0011 AUD
1 CAD = 82.3100 JPY
1 CAD = 2.3925 BRL
1 CAD = 41.8979 RUB
1 CAD = 5.0408 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada, ON: Brick Brewing Co. reports financial results for Q1 2017
...Click here
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USA, PA: Conshohocken Brewing Company to add two new locations soon
...Click here
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USA, DE: Iron Hill Brewery & Restaurant to open new location in Rehoboth Beach
...Click here
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Canada, ON: Little Beasts Brewing under construction in Whitby
...Click here
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USA, MD: True Respite Brewing Co. getting ready for December opening
...Click here
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USA, MI: ConfluxCity Brewing Co. eyeing fall opening in Portland
...Click here
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USA, NC: Westville Pub to open its own five-barrel brewhouse in Asheville
...Click here
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USA & Mexico: Brewing team emphasizes NAFTA importance for US barley
...Click here
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World: Global beer consumption estimated to have dropped by 1.8% last year
...Click here
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The Netherlands & Brazil: Heineken completes acquisition of Brasil Kirin
...Click here
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EU: Barley crop forecast reduced to the lowest since 2012
...Click here
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Australia: Barley crop 2017/18 forecast at better-than-average 10 mln tonnes
...Click here
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Brazil: Heineken to close down Brasil Kirin’s brewery in Rio Grande do Sul
...Click here
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Graph of the Week
Table of the Week
World Malting Barley Supply and Demand Estimate 2017/18
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
HALLERTAU MITTELFRUEH WANTS
TO BREATHE!
ABSTRACT
For years we have learned in university that oxygen
is the enemy of beer and hops, but maybe it isn't in
all cases. US researchers did dry-hopping trials
with Hallertau Mittelfrueh that was oxidised (2 weeks
at 38 degrees Celcius with oxygen) at two levels of hopping (1.5g/L
and 3.8g/L). The impact on the lower hopping rate was
not so significant, but with the higher hopping rate, the
beer was rated more citrusy, floral, herbal and spicy in
comparison to the same beer with non-oxidised hops.
There was no huge difference in preferences either... So
if you brew with Hallertau Mittelfrueh, let it breathe once
in a while.
Vollmer, D.: Aroma Properties of Lager Beer Dry-Hopped with Oxidized Hops
Read more
Source: Barth Innovations
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These Days in Business History
02 June
1891 - Work on trans-Siberian railway begins
1907 - Taxis 1st began running in New York City
1977 - Trans Alaska oil pipeline completed
03 June
1748 - Amsterdam establishes municipal postal service
1889 - The transcontinental Canadian Pacific Railway is completed
1903 - Henry Ford launches the Ford Motor Co. in a refurbished wagon factory in Detroit
1932 - Benjamin Graham publishes the first of a three-part series of articles in Forbes Magazine
04 June
1070 - Roquefort cheese created in a cave near Roquefort, France
1875 - Pacific Stock Exchange opens
1896 - Henry Ford completes the Ford Quadricycle, his first gasoline-powered automobile, and gives it a successful test run
1953 - Woodcock, Hess & Co. of Philadelphia incorporates, becoming the first firm that's a member of the New York Stock Exchange to do so
05 June
1507 - England and Netherlands sign trade agreement
1933 - Gold standard abolished
1933 - The U.S. Congress abrogates the United States' use of the gold standard by enacting a joint resolution (48 Stat. 112) nullifying the right of creditors to demand payment in gold
1947 - Marshall Plan: In a speech at Harvard University, the United States Secretary of State George Marshall calls for economic aid to war-torn Europe
1977 - Apple II, the 1st personal computer, goes on sale
Agenda
June 2017:
06-07: Brewing Equipment and Technology 2017 (Birmingham, UK)
11-13: Brewing Conference Bangkok 2017 (Bangkok, Thailand)
14-18: Mondial de la Biere 2017 (Montreal, Canada)
July 2017:
08: Beer Boot Camp 2017 (Johannesburg, South Africa)
15: Beer Boot Camp 2017 (Cape Town, South Africa)
26-28: Brasil Brau 2017 (Sao Paulo, Brazil)
August 2017:
04-06: The 21st International Berlin Beer Festival (Berlin, Germany)
08-12: The Great British Beer Festival 2017 (London, UK)
09-12: Vietfood & Beverage 2017 (Ho Chi Minh City, Vietnam)
September 2017:
03-06: 18th Australian Barley Technical Symposium (Hobart, Tasmania)
07-09: Irish Craft Beer Festival 2017 (Dublin, Ireland)
11: International MicroBrew Symposium 2017 (Munich, Germany)
11-15: drinktec 2017 (Munich, Germany)
16-03 October: Oktoberfest (Munich, Germany)
23-24: Whisky Live Paris 2017 (Paris, France)
October 2017:
16-17: 104 VLB October Convention 2017 (Berlin, Germany)
23-25: 8th Ibero-American VLB Symposium 2017 in Guatemala (Guatemala City)
November 2017:
22-23: Craft Beer Italy 2017 (Milan, Italy)
More events are available on site www.e-malt.com
News Articles
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USA: Beer consumption down 1.5% in 2016
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Liquid consumption of beer, cider and mixed drinks was down last year in the U.S., and lower-priced brands faced a tougher time with consumers,
...More info on site
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Canada & USA: Barley area lower in both countries
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U.S. maltsters contracted lower malting barley volumes for this year, so farmers planted less barley, especially in North Dakota, H. M. Gauger GmbH reported.
In Canada, feed barley markets came under pressure from low-quality feed wheat, farmers reacted and planted less barley this year. Much unharvested grain of crop 2016 is still in the fields and will probably not be combined at all. Very bad late winter conditions delayed most barley planting till the middle of May, 14 days later than average. However, Canadian farmers have shown in past years that they can withstand poor conditions and still harvest fair to good crops.
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Canada, ON: Brick Brewing Co. reports financial results for Q1 2017
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Brick Brewing Co. Limited, the largest Canadian-owned brewery in Ontario, released on June 1 its financial results for the first quarter ended April 30, 2017.
Brick reported first quarter EBITDA of C$2.1 million on net revenue of C$11.5 million.
George Croft, Brick’s President and Chief Executive Officer commented, “We feel we’re off to a very strong start for fiscal 2018. Our Laker brand performed exceptionally well, delivering double digit volume growth and continuing the strong performance we saw last year. Waterloo continued to grow, despite the challenges of an increasingly competitive Ontario craft beer category. LandShark has quickly become a key contributor to our owner brand performance, remarkable when you consider the brand was first launched in April 2016. With the overall beer category declining approximately 1% in the first quarter, we believe we are winning market share and increasing the relevance of our brands with consumers.”
In the first quarter, Brick recorded C$319 thousand in one-time costs associated with the transfer of production from Formosa to the Kitchener facility, primarily due to severance expenses in Formosa. Brick announced in January the intention to pursue a sale and exit of the Formosa facility, targeting an exit from Formosa by September 2017.
Brick’s Kitchener
...More info on site
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USA, PA: Conshohocken Brewing Company to add two new locations soon
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Residents in Haverford and the surrounding area who love beer have cause to cheer, as the Conshohocken Brewing Company will be moving into the area later this year, the Haverford Patch reported on May 30.
The local brewer recently expanded its operations to include a brewpub in Bridgeport. In addition to the expansion in Havertown, the brewery also announced that they would be opening up a location in Phoenixville.
The Havertown location will be at the former Naise Cuisine spot, 13-17 W. Benedict Ave., Havertown.
"Each location will have a different concept and feel and we couldn't be more excited to join both neighborhoods!" the brewery said in an announcement on May 28.
An exact date for the opening has not yet been announced, but the brewery did say that they were tentatively aiming for the end of summer or early fall.
Conshohocken Brewing Company's rotating seasonal menu is anchored by a core of several popular beers, including Puddlers Row ESB, Type A IPA, Life Coach Session IPA, User Friendly Blonde Ale, Burn Everything Rye Porter, and Conshohocken IPA.
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USA, DE: Iron Hill Brewery & Restaurant to open new location in Rehoboth Beach
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Iron Hill Brewery & Restaurant has announced it will open a new location along the Coastal Highway in Rehoboth Beach by the end of summer 2018, the Delaware Public Media reported on May 30.
This will be the Delaware brewery’s 14th planned location on the East Coast and third in its home state.
It will be joining fellow Delaware craft beer pioneer Dogfish Head and six other breweries in that area, helping create a craft beer destination. But Iron Hill president and founder Kevin Finn said that’s not why he chose the location.
“A lot of our customers at the Newark and Wilmington locations vacation in the Rehoboth Beach area and have actually asked for us to come to Rehoboth,” Finn said. "And one of those is my father, who has a place in Lewes and has been pestering me for 15 years to open a place in Sussex County."
The new brewery-restaurant is expected to bring around 100 full-time and part-time jobs to the Rehoboth area, depending on the season.
Iron Hill employs 225 people in the state at its New Castle County locations and its headquarters in Wilmington.
Finn said he’d love to open more brewpubs in the First State, but Delaware
...More info on site
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Canada, ON: Little Beasts Brewing under construction in Whitby
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A new brewery from a pair of brewers and BJCP judges has announced that it will be opening later this year in Whitby, Canadian Beer News reported on May 29.
Little Beasts Brewing has been founded by Erin Broadfoot and John Henley, and is currently under construction at 2075 Forbes St.
Set to include small taproom and bottle shop, the brewery will open with “an assortment of Pale Ales, IPAs, Stouts and a seasonally themed line of Saisons.” A barrel-aging program is also planned for future releases.
Little Beasts is expected to open during the summer of 2017.
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USA, MD: True Respite Brewing Co. getting ready for December opening
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A new brewery is coming to Montgomery County.
After years of planning, husband-and-wife team Brendan and Bailey O’Leary are expecting to open True Respite Brewing Co. in December, BethesdaMagazine.com reported.
They signed a lease on May 30 for a 9,554-square-foot space at 7301 Calhoun Place in Derwood.
The O’Learys had been hoping to open a brewery in the county since April 2014 and said they toured about 15 to 20 spaces before eventually settling on the final site, which is off Gude Drive. They liked it for its three glass walls and open look, as well as its high ceilings necessary for brewing equipment.
As its name suggests, the O’Learys hope the brewery will be a place people will go to relax. Bailey O’Leary said the interior would have a “modern adult treehouse” design to evoke the feelings of comfort and escape. This is no child’s treehouse, though—the brewery equipment will be visible from the taproom.
“We want people to come in and get the full experience of being in a brewery while still being comfortable,” she said.
True Respite joins a handful of breweries in the county, including Denizens Brewing Co. in Silver Spring, 7 Locks Brewing in Rockville and Waredaca Brewing Co. in Gaithersburg.
...More info on site
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USA, MI: ConfluxCity Brewing Co. eyeing fall opening in Portland
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Jim Hilligan believes failure is key to brewing good craft beer.
In the last five years Hilligan, 31, and his wife Kiley, 32, have brewed hundreds of batches, but their first attempt, produced with a small kit they ended up with during a holiday gift exchange, "tasted horrible", the Lansing State Journal reported on May 30.
The second batch? That was better, according to Jim Hilligan.
The couple has been honing their artistic flair and learning the science of beer brewing one batch at a time since.
This fall, when they open their own brewery in a former auto repair garage and used car dealership at the corner of West Grand River Avenue and North Water Street, they’ll add everything from roasted pumpkin and butternut squash, blueberries, cinnamon sticks and bourbon-soaked vanilla beans to their creations.
ConfluxCity Brewing Co. will likely feature some of those results, including Squash Gobbler, Whittle Away and Bear Hug Porter, seasonal craft beers the Hilligans have invented together.
Go ahead and ask the Hilligans to explain the brewery’s name. They’ll be glad you asked.
It’s a play on the word “conflux,” which means a flowing together of two rivers or a coming together of people.
That honors Jim Hilligan's hometown of Portland, “the
...More info on site
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USA, NC: Westville Pub to open its own five-barrel brewhouse in Asheville
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After 15 years in business on Haywood Road in Asheville, Westville Pub is set to expand its footprint by 50 percent and open its own five-barrel brewhouse, the Asheville Citizen-Times reported on May 30.
That's a significant change for owner Drew Smith, who believes the secret to longevity lies in starting simple and making small, not jarring, adjustments along the way.
"I believe in small tweaks in business in general," he said. "We deal with tons of regulars. It’s scary to even take a sandwich off the menu.”
But he says luck is on his side.
Triple Seven Brewhouse, under construction in the space next door to Westville, pays homage to the pub's address, 777 Haywood Road. The brewhouse will be in the former Center for Holistic Medicine, which has moved upstairs.
Smith imagines all those sevens have brought him luck. But good fortune can only carry a business so far.
Westville, one of the earliest of the new-guard businesses on the Haywood Road corridor, has held the neighborhood's attention by catering to its bread-and-butter: the locals.
"You do what you do, and do it well, and people will keep coming." Smith said. "When I hear people say Westville Pub is their home base, nothing could
...More info on site
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USA & Mexico: Brewing team emphasizes NAFTA importance for US barley
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Beer is Mexico’s top agricultural export to the United States. And Mexico purchases more U.S. barley to brew that beer than from any other market.
A team of Mexican brewing industry leaders is traveling in North Dakota and Montana this week to call attention to the policy that made this mutually beneficial trading relationship possible – the North American Free Trade Agreement (NAFTA), KTIC reported on June 1.
The team – organized by the U.S. Grains Council (USGC), the Montana Wheat & Barley Committee and the North Dakota Barley Council – includes representatives from internationally recognizable beer brands as well as Mexico’s largest craft breweries and industry representatives.
“We welcome our guests and customers to the heart of barley country,” said Kimberly Atkins, USGC vice president and chief operating officer. “NAFTA is critical to the U.S. barley industry’s success and an important story of interdependence to share with our farmers and agricultural industry here at home.”
The terms of NAFTA allow U.S. barley and malt to enter Mexico duty-free, providing a competitive advantage that has fostered an increased integration of the value chains for U.S. barley and malt and Mexican brewing industries.
Mexico purchased more than 680,000 metric tons (31.2 million bushels) of barley valued
...More info on site
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World: Global beer consumption estimated to have dropped by 1.8% last year
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A new report finds that global alcohol consumption is on the decline, with notably steep drops observed in the consumption of beer and cider,
...More info on site
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The Netherlands & Brazil: Heineken completes acquisition of Brasil Kirin
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Heineken N.V. announced on June 1st the completion of the transaction to acquire Brasil Kirin Holding S.A. from Kirin Holdings Company, Limited.
The closing of
...More info on site
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EU: Barley crop forecast reduced to the lowest since 2012
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Coceral revised down its E.U. 2017-18 grain crop forecast to 297.6 million tonnes from the March forecast of 304.4 million tonnes. The new forecast
...More info on site
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Australia: Barley crop 2017/18 forecast at better-than-average 10 mln tonnes
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Private sources estimate last year's barley crop in Australia at 14 mln tonnes and anticipate a smaller, but better than average crop of 10
...More info on site
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Germany: Tettnang’s hop area up 5.6% this year
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According to official data, the total 2017 hop acreage in Tettnang - the most southern hop growing area - has been expanded by 72 ha (+5.6%), totalling 1,353.47 ha, the Hop Growers Association Tettnang reported on June 1.
The largest acreage increases are for varieties Herkules (+35 ha) and Tettnanger (+15 ha).
The fine aroma variety Tettnanger remains the most cultivated variety with 747 ha (55% of the area).
Besides, there is an increase for new flavour hops like Ariana, Callista, Monroe or Amarillo, the Association reported.
22 different hop varieties are currently cultivated in Tettnang.
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Brazil: Heineken to close down Brasil Kirin’s brewery in Rio Grande do Sul
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Heineken has announced the decision to close down the brewery in Gravataí, Rio Grande do Sul, Jornal do Comércio reported on June 1.
The Dutch brewing giant made the announcement on the same day it confirmed the closure of its acquisition of Brasil Kirin.
“The decision to close the production facility in Gravataí was made on the basis of a thorough study of the asset’s viability and due to the necessity of taking the company’s business to the next level of excellence maintaining its economic sustainability,” the company said.
With the acquisition of Brasil Kirin Heineken now owns 16 breweries in Brazil and is the country’s second-largest beer maker with a market share of 20%.
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