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E-Malt.com Newsletter 27a
July 03 - July 05, 2017

Quote of the Week

I've always believed that paradise will have my favorite beer on tap.
Rudyard Wheatley

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Currency Rates

Base Currency: US Dollar
on July 05, 2017
Base Currency: Canadian Dollar
on July 05, 2017
      1 USD = 0.8805 EUR
1 USD = 0.7730 GBP
1 USD = 1.2974 CAD
1 USD = 1.3114 AUD
1 USD = 113.2000 JPY
1 USD = 3.3029 BRL
1 USD = 59.2295 RUB
1 USD = 6.7992 CNY
      1 CAD = 0.7707 USD
1 CAD = 0.5958 GBP
1 CAD = 0.6786 EUR
1 CAD = 1.0107 AUD
1 CAD = 87.2400 JPY
1 CAD = 2.5455 BRL
1 CAD = 45.6910 RUB
1 CAD = 5.2400 CNY

Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Brewery news Canada: Molson Coors to invest C$500 mln to build new brewery in Montreal ...Click here
Brewery news USA, MD: Bayheads Brewing Company getting ready to launch in Chesapeake City ...Click here
Hops news USA, ID: New hop processing plant to open in Idaho ...Click here
Brewery news USA, LA: Red River Brewing Company begins construction ...Click here
Brewery news USA, CA: Burning Barrel Brewing Company hopes to open in Sacramento by next summer ...Click here
Brewery news USA, MD: Astrolabe Brewing to become Silver Spring’s second brewery ...Click here
Brewery news USA, OH: Blue Heron Golf Club to be reborn as Blue Heron Brewery ...Click here
Brewery news USA, OH: Magic City Brewing Co. opens its doors in Barberton ...Click here
Brewery news USA, OH: Bascule Brewery and Public House gets state and federal license to sell its beers ...Click here
World News
Malt news Australia & Vietnam: CBH Group and Interflour Group unveil 110 thousand tonne malting plant in Vietnam ...Click here
Brewery news Australia: Independent brewing up by over tenfold in the decade to 2016 ...Click here
Brewery news Thailand: Beer sales up 10% in May ...Click here
Brewery news Nigeria: Guinness Nigeria launches share sale to help lower financial costs ...Click here
Brewery news Vietnam: Vietnam welcomes more than a dozen microbreweries over past two years ...Click here
Brewery news UK: Carlsberg acquires Fields Brewery in London ...Click here
Brewery news South Korea: Domestic beers challenging dominance of imported brands ...Click here
Brewery news Estonia: Estonian brewers concerned about sped-up increase in excise duty ...Click here
Brewery news New Zealand: Lion adds a number of new Australian beers to its portfolio ...Click here
Brewery news Nepal: Gorkha Brewery launches new Tuborg Classic beer ...Click here
Graph of the Week

Table of the Week

Austria Brewing Industry 1980-2016

Table of the week.

Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

Scientific Digest


A German research team developed a method to quantify nine hop flavonoids in a single HPLC-MS/MS run. By doing so they discovered that in dry hopped beer trials, the flavour threshold concentrations for the bitter components co-multifidol glucoside, quercetin glucoside, and kaempferol glucoside (1.8, 0.9, and 0.5 mg/L, respectively) were exceeded, meaning that these compounds may contribute to the bitterness of dry hopped beers.

Schmidt, Ch: LC-MS/MS analysis of hop flavonoids in dry-hopped beers, P008, EBC Congress, Slovenia 2017

Source: Barth Innovations

These Days in Business History

03 July
1790 - In Paris, the marquis of Condorcet proposed granting civil rights to women
1878 - John Wise flew the first dirigible in Lancaster, PA
1886 - 1st New York Tribune printing using 1st commercial linotype machine
1886 - In Germany, Karl Benz drives 1st automobile
1903 - The first cable across the Pacific Ocean was spliced between Honolulu, Midway, Guam and Manila
1928 - 1st color TV broadcast in London (John Logic Baird)

04 July
1776 - The U.S. declared independence from Great Britain
1876 - 1st public exhibition of electric light in SF
1884 - The Statue of Liberty was presented to the United States in Paris
1886 - 1st scheduled transcontinental passenger train reaches Pt Moody, BC
1952 - Canadain Currency, Mint and Exchange Fund Act allows gold coins of $5, $10, and $20 to be minted
1997 - NASA's Pathfinder space probe lands on the surface of Mars

05 July
1643 - 1st recorded tornado in U.S. (Essex County, Massachusetts)
1841 - Thomas Cook opens 1st travel agency
1922 - 1st general election in Netherlands
1948 - The British government adopts the National Health Service Act
1954 - The BBC broadcasts its first television news bulletin


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)
26-28: drink technology India 2017 (New Delhi, India)

November 2017:
22-23: Craft Beer Italy 2017 (Milan, Italy)

More events are available on site www.e-malt.com

News Articles

Brewery newsCanada: Molson Coors to invest C$500 mln to build new brewery in Montreal
A landmark tract of land at the edge of Old Montreal will undergo a transformation after Molson Coors announced plans to spend up to ...More info on site

Brewery news USA, MD: Bayheads Brewing Company getting ready to launch in Chesapeake City
After being awarded their county liquor license on June 28, Bayheads Brewing Company just has to put the finishing touches on their facility and obtain equipment before starting their operations in Chesapeake City, the Cecil Daily reported on July 3.

Since the fall of 2015, the partners behind the project have been preparing to open a brewery together, but the plans started to come together in early 2016.

The reason for starting a brewery was simple: “We all love beer,” said Charlie Copeland, a partner on the business.

Initially, each of the partners was experimenting with homebrewing.

“We started doing it on our own, then we got together, and we started brewing together,” Copeland said. “We started doing our own research.”

Eventually, they decided to brew together.

“We started brewing together early 2016,” said Jason Zang, another partner. “We’re all kind of taking an active role in brewing.”

Since then, they’ve continued to brew together, and they’ve found some success. In October, their pumpkin beer took first place at the Roxtoberfest homebrewing competition in Pennsylvania.

It’s too soon to say what kind of a variety they’ll brew and how many barrels they’ll produce.

“We haven’t been dabbling too much into the styles of beer at this point,” said Mike ...More info on site

Hops news USA, ID: New hop processing plant to open in Idaho
Although neighboring states like Oregon and Washington may be better known for their craft beers, the Idaho beer industry is budding. One important ingredient is grown in the Gem State: hops, the Boise State Public Radio reported on July 3.

The bitter ingredient is loved among craft-beer enthusiasts, and many popular hoppy beers are made possible by harvests from the Yakima, Washington area.

But DJ Tolmie - who has been in the Idaho hop business for a while - says the state has a lot of potential.

“Hops don’t grow many places around the globe," says Tolmie, "and it just so happens that they grow really well here because of our soil diversity as well as our day length, our sunlight – our warming hours.”

Tolmie is the operations manager for Mill 95, a processing plant and brewery that’s about to open in Canyon County. The plant is the first of its kind in the state, and is coming into the market at an auspicious time. According to the USDA, the number of acres where hops are grown in the Northwest is up by 6 percent this year. In terms of national production, Idaho places third, behind Washington and Oregon.

“Idaho’s always kind of been ...More info on site

Brewery news USA, LA: Red River Brewing Company begins construction
With the demolishment of what many Red River locals still refer to as “the old Chevron” last week, the Red River Brewing Company has begun construction, Sangre de Cristo Chronicle reported on June 30.

“We’ve knocked the old building down and the new one is going up!” said Michael Calhoun, partner and general manager of the craft beer company.

“We’ll be open this winter by December or January,” Calhoun added. “We’ll be operating under a NM small brewer’s license. We’re going to focus on selling right here in Red River at first. We might sell elsewhere later on but that’s not our main objective.

“We’ve selected a contractor from Alamosa, Colorado: Van Gieson And Company. They do hotels and restaurants and other commercial projects in Southern Colorado and Northern New Mexico. It’s a family business. We like that.”

The “we” in this case refers to Michael Calhoun’s business partners: other members of his extended family. “It’s definitely a Calhoun family business.”

Brother Brian, a principal architect from RTA Architects out of Colorado Springs, designed the building. He also designed the Main Street Mercantile/Calhoun Real Estate building next to Der Markt, which is owned by the brothers’ father and step mother Ted and Linda ...More info on site

Brewery news USA, CA: Burning Barrel Brewing Company hopes to open in Sacramento by next summer
In an aging brick warehouse along Sacramento's R Street Corridor, an entrepreneur sees Sacramento's next brewery, KCRA Sacramento reported on June 29.

Jack Alexander hopes to transform the building into the Burning Barrel Brewing Company.

His goal is to create a family owned and operated microbrewery with a tasting room at the corner of 8th and R streets.

"Sourcing from local suppliers, both from equipment, ingredients, and staff, Burning Barrel aims to be a pivotal piece in the development of the R Street Corridor," according to plans filed with the city of Sacramento.

Alexander hopes to improve the curbside appearance of the building with a sidewalk cafe. He also hopes to have room for a food truck to park along R Street.

If city officials approve the plans, the brewery hopes to open by next summer.

Beer is big business across the state.

The California Craft Brewers Association estimates at least 750 craft breweries were operating as of 2016, more than any other state.

The association has a searchable map of all the breweries here.

The CCBA also said craft breweries contributed $7.3 billion to the state's economy in 2015.

Nearly 52,000 jobs are associated with California's craft beer industry, according to the CCBA.

Brewery news USA, MD: Astrolabe Brewing to become Silver Spring’s second brewery
A new brewery is coming to downtown Silver Spring, according to reports. Astrolabe Brewing will become the city's second brewery and will open this upcoming January, the Patch reported on June 30.

“It’s a great location for a brewery just outside D.C.,” co-owner Emma Whelan told Bethesda Magazine. “With Denizens [Brewing Co.] as the only brewery in the Silver Spring area, we just see it as a great place to build a small brew scene.”

Whelan is U.K.-born and opening Astrolabe Brewing with native New Zealander Matt Cronin. Whelan calls their business venture a "real American story" of immigrants starting a business in the U.S.

Astrolabe Brewing will take up a 5,800-square-foot space at the former Joe's Record Paradise at 8216 Georgia Ave. They plan to have a tap room, patio and a production brewery in the back.

Cronin will oversee the brewing, and plans to offer an impressive selection of IPAs, saisons, lagers and pilsners.

“I don’t discriminate,” Cronin told Bethesda Magazine. “I’m always on the hunt to see how we can make this better and cater it to what our customers would like.”

The brewery will also serve cheese selections, appetizers and snacks. Residents can even expect authentic savory pies, a delicacy in both ...More info on site

Brewery news USA, OH: Blue Heron Golf Club to be reborn as Blue Heron Brewery
The former Blue Heron Golf Club — after sitting vacant for years in Medina County — will be reborn as a brewery and restaurant, the Akron Beacon Journal reported.

Restaurateur Bill Rini, who owns the clubhouse and banquet hall tucked along Interstate 71 in Montville Township, has teamed up with two partners to launch the Blue Heron Brewery and Event Center.

The goal is to open inside the three-story, posh and expansive brick clubhouse in the spring of 2018 and create a destination brewery-restaurant.

“Medina County is starving for something big,” Rini said, adding that he’d like to emulate the success of Gervasi Vineyard in Stark County and bring back corporate events to the site.

Rini and his wife Dawn, along with partners Mike Piazza, who will head the brewing operation, and Ben Erjavec, who will serve as executive chef, are investing nearly $3 million in the project.

The Blue Heron Brewery, which offers picturesque views of the rolling hills and trees that used to make up the golf course, will feature a 10-barrel brewing system, beer hall, restaurant, private rooms, outdoor patio and an exclusive fine dining/wine cellar that will be available on a reservation-only basis.

The beer hall will occupy the former ...More info on site

Brewery news USA, OH: Magic City Brewing Co. opens its doors in Barberton
Magic City Brewing Co. — the Barberton nanobrewery with a heavy metal bunny with piercing purple eyes as its logo — quietly opened last weekend, the Akron Beacon Journal reported on July 3.

“Putting money in the bank compared to spending it is excellent,” founder and brewer Jay Graham said.

Graham and his wife, Erica, who both grew up in Barberton, launched the brewery in a small storefront at 161 Second St.

They debuted with five solid beers that have received positive reviews so far: Dilligaf IPA, 2nd Street Pale Ale, Mark It Zero American wheat, Dark Empress Imperial Chocolate Stout, and Hive Devil, a saison made with buckwheat honey and black pepper.

Graham, a big tattooed guy who enjoys heavy metal music, hopes to build up the portfolio to eight beers — with several rotating brews.

Magic City employs a one-barrel brewing system.

“This is just the starting point,” Graham said.

Magic City, which carries the tagline “Join us further down the rabbit hole,” already has plans for a second brewery in the neighborhood dedicated strictly to producing sour beers. Graham also wants to upgrade to a three-barrel system and create an outdoor patio in the adjacent alley.

As for the building itself, the brewery entrance features ...More info on site

Brewery news USA, OH: Bascule Brewery and Public House gets state and federal license to sell its beers
The east side of Lorain, Ohio might get a fresh watering hole sooner than the owners thought after Bascule Brewery and Public House received its state and federal licenses to sell last week, the Chronicle Telegram reported on July 1.

Chris Kambouris, co-founder and co-owner with Fred Lozano Jr., said he initially was under the impression that the company had to be operating at full capacity before they could get the go-ahead to start selling beer.

“We wanted to get started, but with no revenue and not feeling comfortable going back to the community for donations, we were drying up,” Kambouris said. “So I went to the state and kind of got some clarification from them as to what they needed before we started manufacturing, and it turns out it wasn’t as extensive as we originally thought.”

Kambouris said by being able to start selling the craft beer, the brewery can start earning money. He said even though they might be spread a little thin in the beginning, they’ll have a funding source now.

“I know that we’ve gotten a slow start, but everything we’ve done has been very deliberate and cautious,” he said. “We want to learn from mistakes that other people have ...More info on site

Malt newsAustralia & Vietnam: CBH Group and Interflour Group unveil 110 thousand tonne malting plant in Vietnam
A huge 110,000-tonne capacity malt processing plant has been opened in Vietnam, fdfworld reported on July 5.

The CBH Group and Interflour Group have unveiled ...More info on site

Brewery newsAustralia: Independent brewing up by over tenfold in the decade to 2016
Australians have never had more choice when it comes to craft beers, with independent brewing growing by over tenfold in the decade to 2016, ...More info on site

Brewery news Thailand: Beer sales up 10% in May
In Thailand, beer sales registered a 10% growth in May, the Singapore Business Review reported on July 3.

RHB noted that Thailand's volume of beer sales has registered positive YoY growth of 5% and 10% in April and May, a stark turnaround from the 17% decline year-on-year in October last year after the passing of the late King.

According to RHB, this could mean that beer consumption has already normalised in the country.

"We expect 2H17 to continue to see positive growth in beer volumes. According to management, Thai Beverage (ThaiBev) has maintained its 40% market share in the beer segment as at April 2017. As such, we expect ThaiBev’s beer segment to perform in line with the market," the brokerage firm noted.

On the other hand, whilst there is no market data released on spirits, RHB reckoned that the recovery in beer consumption can also be seen as a proxy for the consumption of spirits.

"We anticipate the decline in spirit volumes to dissipate in 2H17. In addition, we note that agents stock up on spirits inventories in anticipation of a tax hike during January-March 2016, which resulted in strong sales number for ThaiBev in 2Q16. We expect a similar restocking phase by agents ...More info on site

Brewery news Nigeria: Guinness Nigeria launches share sale to help lower financial costs
Guinness Nigeria on July 4 launched a share sale to raise 39.7 billion naira ($126 million) from existing shareholders to help lower its financing costs after reporting its first annual loss in 30 years last year, Reuters said.

The beer maker, the local division of the world's leading spirit maker Diageo, said funds raised will support Guinness in executing its strategy in the face of a recession in Africa's biggest economy.

Guinness plans to issue five new shares to existing shareholders for every 11 held at 58 naira each, a 10.2 percent discount to July the 4th’s market price of 64.57 naira.

"Our expectation is that funds raised will help mitigate the impact of increasing finance costs, optimize our balance sheet and improve the company's financial flexibility," Chief Executive Peter Ndegwa said in a statement.

The company, which is 54 percent owned by Diageo, reported in September last year a pretax loss of 2.35 billion naira for the year ended June 30, its first annual loss in 30 years, triggering the share sale.

Shareholders approved the sale in January. It said it had also received the green light from the Securities and Exchange Commission and the Nigerian Stock Exchange.

Last year Guinness acquired the rights to ...More info on site

Brewery news Vietnam: Vietnam welcomes more than a dozen microbreweries over past two years
A night out drinking in Vietnam used to mean one thing: sipping Bia Hoi, a local draft beer with 3% alcohol content, from a tiny stool on the sidewalk.

But feather-light lagers aren't the only game in town anymore, CNN reported on July 5.

The country's craft beer scene is booming, having welcomed more than a dozen micro-breweries in the past two years.

"The beer culture in Vietnam starts with Bia Hoi," Hao Tran, managing editor of lifestyle website Vietcetera, tells CNN. The craft beer scene that has evolved has done so from people drinking beer in the Old Quarter in Hanoi or Bui Vien Street in Saigon, he says.

"But there's so much more to beer culture in Vietnam now than just that particular image."

Vietnam is one of the biggest beer consumers in Asia drinking 3.8 billion litres a year in 2016, according to Ministry of Industry and Trade.

While stalwart brands such as Tiger, Saigon Beer, and Bia Hoi still account for the lion's share of that consumption, in Ho Chi Minh City alone artisan brewers such as Platinum, Pasteur Street Brewing Co, Winking Seal, Heart of Darkness, and Fuzzy Logic are providing a real alternative, says Tran.

The brands have, for example, introduced ...More info on site

Brewery news UK: Carlsberg acquires Fields Brewery in London
Carlsberg has bought London Fields Brewery, which has been up for sale since its founder was charged with tax fraud, The Guardian reported on July 3.

The beer firm in Hackney, east London, which built a cult following for brews such as Easy IPA and Shoreditch Triangle IPA, is the latest in a string of craft breweries to be bought by a multinational firm, joining AB InBev-owned Camden and Meantime, now owned by Asahi.

But the deal was struck in unique circumstances, with the brewery having been on the market for £1 mln since last year after founder Jules De Vere Whiteway-Wilkinson was charged with several counts of tax fraud, allegations which he denies. Carlsberg did not disclose the value of the takeover.

Whiteway-Wilkinson and wife, Rosemary Spence, appeared in court in January, but a trial was put on hold after three jurors pulled out for personal reasons. Proceedings are scheduled to begin again on July 10.

It is not clear whether Whiteway-Wilkinson will benefit from the sale of the brewery because his businessman father Juan now owns it, according to accounts filed with Companies House.

The brewery enjoyed rapid success with beers such as Hackney Hopster and Love Not War, and it was visited ...More info on site

Brewery news South Korea: Domestic beers challenging dominance of imported brands
South Korea’s domestic beer brands are challenging the dominance of imported beer in the Korean market with new products featuring low prices and light, clean tastes that they hope will stand out against global top brands, the Korea Herald reported on July 4.

Such moves are proving effective, with domestic beer gaining a majority of beer sales in June, at above 50 percent, up from an average of 47.8 percent for the first five months of 2017, according to discount chain E-mart, citing its stores’ statistics.

Standing in the lead are domestic powerhouses Hite Jinro and Lotte Liquor, who respectively released the new brands FiLite and Fitz ahead of the peak season for beer sales.

Launched in April, FiLite sold over 1.2 million cans in just two months, as it created buzz on social media for its low prices and crisp finish. The sparkling liquor is made with 100 percent aroma hops and Korean barley, offering a carbonated alternative to beer.

Fitz, meanwhile, sold 15 million bottles in its first month, approximately six bottles per second, according to Lotte. It is a light lager beer made with a so-called “super yeast” that increases fermentation to reduce lingering aftertaste.

Unlike Fitz, which is sold ...More info on site

Brewery news Estonia: Estonian brewers concerned about sped-up increase in excise duty
Estonian beverage producers Saku Õlletehas and A. le Coq have both expressed concerns about multiple negative effects the sped-up increase in the excise duty on beer and cider, the second hike of which went into effect on July 1, could have, ERR News reported.

"The drastic hike in the excise duty on low-alcohol beverages taking place this and next year will put our activity on the domestic market under serious pressure," Saku Õlletehas board member Jaan Härms told BNS. "It can be expected that already considerable cross-border trade with Latvia will multiply and up to half of internal sales may head for the border."

According to alcohol producers' forecasts, the state will lose a total of €174 million in tax revenue next year due to an increase in cross-border trade, he said. Manufacturers of low-alcohol beverages also said that the increase in excise duty on beer can have a negative impact on people's health, as a price increase may motivate consumers to consume more hard liquor instead. "In this regard, we in Estonia are already currently in a noticeably worse situation compared to the EU average, as opposed to, for example, average beer consumption in Europe," he noted.

Härms said that a hike ...More info on site

Brewery news New Zealand: Lion adds a number of new Australian beers to its portfolio
New Zealand's largest beverage brewer Lion has added a number of new Australian beer and cider brands to its portfolio, the New Zealand Herald reported on July 2.

The Australasian-based company on June 30 said it will undertake the exclusive distribution in New Zealand of AB InBev's Pure Blonde, Fosters, Victoria Bitter, and Crown Lager beers and Scrumpy, Harvest, Bulmers, and Thomas & Rose ciders.

Lion's Managing Director Rory Glass said the addition of the AB InBev brands will increase Lion's share of the beer category in New Zealand by 2 per cent and of the cider category by almost 20 per cent.

"This is a significant addition to our portfolio. These iconic brands will complement the existing Lion beer and cider range and extend Lion NZ's strategic partnership with AB InBev."

AB InBev's Commercial Director for New Zealand & Pacific Richard Goatcher said the deal would be good for the development of both companies.

"We are delighted to have entered into this arrangement with Lion NZ and look forward to continued growth of our brands in New Zealand".

Brewery news Nepal: Gorkha Brewery launches new Tuborg Classic beer
Gorkha Brewery on July 2 said that it has launched 'Tuborg Classic' - Nepal's first premium strong beer with Scottish malts, myRepublica reported.

In a statement, Gorkha Brewery said that it was highly optimistic and confident about keeping up the momentum to be innovative which is expected to be a growth driver in the market. "The launch of Tuborg Classic, Nepal's first premium strong beer with Scottish malts, is an example of that, the company said in the statement.

Tuborg was first introduced in Nepal by Gorkha Brewery Pvt Ltd in 1990 and is the first international brand to be launched in the country.

According to the statement, Tuborg Classic's tagline - Stronger & Smoother - offers a refreshing drinking experience to the beer connoisseurs with imported malts for a stronger and smoother taste.

The company has indicated that a 650ml bottle of Tuborg Classic has 6.5% alcohol content is available for Rs 310.

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