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E-Malt.com Newsletter 32b
August 10 - August 13, 2017
Quote of the Week
A somebody was once a nobody who wanted to and did.
John Burroughs
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Currency Rates
Base Currency: US Dollar
on August 11, 2017 |
Base Currency: Canadian Dollar
on August 11, 2017 |
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1 USD = 0.8514 EUR
1 USD = 0.7700 GBP
1 USD = 1.2719 CAD
1 USD = 1.2686 AUD
1 USD = 109.6500 JPY
1 USD = 3.1582 BRL
1 USD = 59.9298 RUB
1 USD = 6.6573 CNY
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1 CAD = 0.7862 USD
1 CAD = 0.6053 GBP
1 CAD = 0.6693 EUR
1 CAD = 0.9973 AUD
1 CAD = 86.2000 JPY
1 CAD = 2.4828 BRL
1 CAD = 47.1315 RUB
1 CAD = 5.2336 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Constellation Brands buys Florida craft brewer Funky Buddha Brewery
...Click here
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USA, CA: New Belgium Brewing purchasing assets of Magnolia Brewing Company
...Click here
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Canada, NB: Hammond River Brewing opens much-expanded location in Rothesay
...Click here
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USA, WI: Milwaukee’s Gathering Place Brewing Company to host grand opening on August 19th
...Click here
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USA, NY: Eli Fish Brewing Company under construction in downtown Batavia
...Click here
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Canada, ON: Four Fathers Brewing secures location for larger brewery
...Click here
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Canada, BC: Beard’s Brewing to open soon as Fort St. John’s first brewery
...Click here
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USA, WI: 1840 Brewing Company ready to welcome first patrons on August 11
...Click here
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Canada, ON: Avling Brewery keen on launching this year in Toronto neighbourhood
...Click here
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USA, IA: Peace Tree Brewing Co. expected to open in Grinnell in early fall
...Click here
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Canada, ON: High Park Brewery to open physical brewery in West Toronto
...Click here
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USA, FL: Sea Dog Brewing Co. opening a 10,000-square-foot Treasure Island location
...Click here
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Canada, ON: Bobcaygeon Brewing signs lease to open brewery in namesake town
...Click here
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World: Malt trade forecast to increase to 7.245 mln tonnes in 2017/18
...Click here
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India: United Breweries’ profit up 9.9% in quarter to June 30
...Click here
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Japan: Three of four major brewers log record operating profits in January-June this year
...Click here
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World: All major barley crop exporters expecting smaller crops this year
...Click here
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EU: Barley production forecast increased to 58.2 mln tonnes this month
...Click here
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Vietnam: Analysts believe now is the right time for government to sell its stake in Sabeco
...Click here
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India: United Breweries introducing five imported beer brands from parent Heineken in India
...Click here
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India: Vijay Mallya no longer director of United Breweries Ltd
...Click here
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Namibia: Namibia Breweries Limited is taking its barley project to the next level
...Click here
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Graph of the Week
Table of the Week
World Hop Area and Production 2013 - 2016
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
10 August
1500 - Diego Diaz discovers Madagascar
1793 - The Musee du Louvre is officially opened in Paris, France
1961 - England applies for membership in the European Common Market
1981 - Coca-Cola Bottling Co agrees to pump $34 million into black business
1988 - UN estimates Asia's population hit 3 billion
11 August
1909 - SOS 1st used by an American ship, Arapahoe, off Cape Hatteras, NC
1950 - Steve Wozniak, future co-inventor of the Apple computer, is born
1992 - The world's largest shopping center, the US$650-million, 4.2-million-square-foot Mall of America, opens in Bloomington, Minnesota
12 August
1856 - Anthony Fass patents accordion
1877 - Thomas Edison invents Edisonphone, a sound recording device
1960 - Echo 1, 1st communications satellite, is launched
1981 - The IBM Personal Computer is released
13 August
1623 - Cardinal Richelieu appointed Chief Minister of France by Louis XIII
1907 - 1st taxicab in New York
1961 - Construction on Berlin Wall begins in East Germany (Dark day)
Agenda
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)
28-30: Stockholm Beer & Whisky Festival 2017 (Stockholm, Sweden)
October 2017:
05-07: Stockholm Beer & Whisky Festival 2017 (Stockholm, Sweden)
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
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USA: Constellation Brands buys Florida craft brewer Funky Buddha Brewery
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Constellation Brands, Inc., a leading beverage alcohol company, announced on August 10 its purchase of Florida-based Funky Buddha Brewery, reinforcing its strategy to lead the high-end beer segment in the United States.
Funky Buddha is the fastest growing craft brewery in Florida, and produces bold craft beers made with high quality ingredients. It has an award-winning portfolio led by Floridian Hefeweizen and Hop Gun IPA.
Funky Buddha joins Constellation's Craft & Specialty Beer Group in the beer division.
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USA, CA: New Belgium Brewing purchasing assets of Magnolia Brewing Company
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New Belgium Brewing Company has entered into an agreement to purchase the assets of San Francisco’s Magnolia Brewing Company, as a part of a bankruptcy proceeding. The majority stake will be owned by New Belgium, with minority stakes owned by Elysian Brewing founder Dick Cantwell and Belgian lambic producer Oud Beersel, Beer Street Journal reported on August 11.
Magnolia Brewing will continue to operate at both locations, with all beer brands and staff intact. Cantwell will assume the role of head of brewing operations, working alongside Magnolia founder Dave McLean.
Cantwell left Elysian Brewing in April of 2015, shortly after the brewery sold to Anheuser-Busch InBev. The role at Magnolia Brewing is his first in the beer industry since leaving Elysian.
“Brewing with friends” is how New Belgium characterizes this new partnership. The goal is to bring fresh brewing experience into the fold at Magnolia and advance the brand, not turn these locations into New Belgium pubs. In time, new beers will grace Magnolia’s lineup.
Oud Beersel’s role will be interesting. Eventually, the famed lambic producer will ship containers of their spontaneously fermented beer to San Francisco to blend with Magnolia’s beers. Oud Beersel has already worked with New Belgium and Brouwerij Boon on
...More info on site
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Canada, NB: Hammond River Brewing opens much-expanded location in Rothesay
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Hammond River Brewing has announced that its new and much-expanded location is now open in Rothesay, New Brunswick, approximately 10 km from the original brewery in Quispamsis, Canadian Beer News reported.
Originally planned for mid-July but postponed due to construction and licensing delays, the opening finally took place on August 4th, as confirmed by Maritime Beer Report.
Situated adjacent to the Barrel’s Head Gastropub at 141 Hampton Road, the new facility features a 15 barrel system – a big step up from the 1 barrel system at the old brewery – as well as a retail store, patio, and taproom with a food menu from the Barrel’s Head.
Beers available on tap and for growler fills at opening included The Vegas SMaSH IPA (Galaxy Edition), Blood Orange Hefeweizen, Gammie California Steam Ale, Hop Flash IPA, Red Coat India Red Ale, Blueberry Ale, and Paisley Park Raspberry Berliner Weisse. Bottles of Hop Flash IPA will also be available soon at select ANBL locations.
Hammond River Brewing is open from 11:30 AM daily, closing at 9:00 PM on Sunday to Thursday, and 11:00 PM on Friday and Saturday.
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USA, WI: Milwaukee’s Gathering Place Brewing Company to host grand opening on August 19th
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Milwaukee’s Gathering Place Brewing Company is hosting a grand opening party on Saturday August 19th from 3-10 pm. The event will be the first opportunity to visit the brewery tap room and sample Gathering Place beer, urbanmilwaukee reported.
“We are incredibly excited to open our doors and share our beer and our story with the community,” said Joe Yeado, founder and president of Gathering Place Brewing Company. “It’s been a long journey to reach this point and we’re thrilled this day has come.”
Gathering Place is located in the Riverworks Business Improvement District, an area spanning the Riverwest and Williamsburg Heights neighborhoods. “We are so excited to have a local brewer in Milwaukee’s Creative District, especially one that has shown such commitment to both craft and community,” said Carl Nilssen, Riverworks BID Board Chair. “We can’t wait to try that first tap, and all the ones to follow.”
The 4,300 square foot facility features new brewing equipment from Stout Tanks & Kettles and includes a tasting room designed and built by Flux Design. “So many breweries are in large warehouses with big open spaces,” said Jeremy Shamrowicz, founder and president of Flux Design. “How can we explode that space into something different, unique,
...More info on site
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USA, NY: Eli Fish Brewing Company under construction in downtown Batavia
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A new brewery is being built up in downtown Batavia with a name that conjures up images of the city's past, 13WHAM-TV reported.
The Eli Fish Brewing Company is under construction in the former JJ Newberry Building at 109 Main Street. The name of the brewery pays homage to the man behind Fish's Malt House, a brewery in Batavia at Elm and Main Streets back in the 19th century.
The owner of the locally-renowned restaurant Alex's Place, Matthew Gray, is one of three Batavia natives behind the project. Jon Mager and Matthew Boyd, who are behind Buffalo Brothers Pizza and Wing Co. and involved in Alex's Place, are also in on the brewery.
“Eli Fish was a renaissance man who played an important role in the development and growth of early Batavia, and his entrepreneurial and rebuilding spirit really spoke to us,” Mager said.
Once open, Eli Fish Brewing will have 20 beers on tap - ten of which will be brewed in house and ten rotating beers from around New York State. Craft cocktails and wines from New York State wineries and distilleries will also be available.
The brewery is part of a $2.8 million mixed-use renovation; a restaurant incubator, known as FreshLAB, will
...More info on site
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Canada, ON: Four Fathers Brewing secures location for larger brewery
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Four Fathers Brewing has announced that it has secured a location in Cambridge, Ontario for a new and larger brewery, and that it has hired a new head brewer to oversee operations at the new facility, Canadian Beer News reported.
Located at 125 Guelph Avenue in the Hespeler Village area of the city, the new brewery will allow Four Fathers to “expand all aspects of its operations, including cellaring capacity and a sizeable social space for customers.” The original Four Fathers brewery in Rockford will also remain in operation as a “laboratory for amazing craft creations.”
Joining the company to run the new brewhouse is Curtis Jeffrey, a graduate of Niagara College’s Brewing Program who has worked at Dead Frog Brewing, Railway City Brewing Company, and most recently at Cameron’s Brewing.
More details on the construction and opening plans for the new Four Fathers facility will be announced in coming months.
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Canada, BC: Beard’s Brewing to open soon as Fort St. John’s first brewery
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EnergeticCity.ca reports that first brewery in the northeastern British Columbia city of Fort St. John is getting set open soon.
Beard’s Brewing is being founded by Stephen Beard, who has been working on the project since January, and is awaiting final approvals and licencing to start brewing.
Located in an industrial unit at 10408 Alaska Road North, the brewery will offer kegs and growler fills of brands including Logger Lager, Honey Brown, IPA, and Chocolate Stout once it opens.
Beard is hoping brew his first batches in early September, with a grand opening to follow in October.
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USA, WI: 1840 Brewing Company ready to welcome first patrons on August 11
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After an unprecedented year in Milwaukee microbrewing in 2016 and a steady wave of breweries opening at the beginning of 2017 (including Westallion, Broken Bat, City Lights, Explorium, and Eagle Park), it seems as if there’s something of a lull in new beer makers throwing themselves into the suddenly-crowded market these days. Honestly, it’s been weeks since a new brewery has opened in Milwaukee! That brief period of relative inactivity will end this weekend with the official opening of 1840 Brewing Company, the Milwaukee Record reported on August 10.
Back in November, local media reported about the so-called “urban farmhouse brewery” coming to Bay View. Owners and husband-wife team Kyle and Stephanie Vetter will specialize in aged beers, some of which will use wort. After their projected spring opening came and went, 1840’s beer is finally ready to be tasted at the brewery’s first monthly tapping this weekend. The first VIP release will be Friday, August 11 from 5-8 p.m. (with another VIP event taking place between 10 a.m. and 1 p.m. on Sunday, August 13). A public release of 1840’s inaugural beer will occur from 11 a.m. to 7 p.m. on Saturday, August 12.
That first beer, “Little Daisies,” is a
...More info on site
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Canada, ON: Avling Brewery keen on launching this year in Toronto neighbourhood
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BlogTO reports that a new brewery and restaurant will be opening next year in Toronto’s Leslieville neighbourhood.
Avling Brewery is being founded by Max Meighen, a brewer and former chef who worked at several breweries in London, England before moving to Toronto.
Located in a former food distribution centre at 1042 Queen St. E. near Pape Ave., Avling will include not only a brewhouse and bar/restaurant, but also a rooftop garden that will be used to grow ingredients for the restaurant kitchen, with a portion allocated for a community garden.
Meighen tells BlogTO that he is “currently working on the recipes for their core range of beers, which will include a saison, IPA, lager, and a Baltic porter. They’ll be serving seasonal beers, as well as one-off brews for special occasions, with a focus on using Ontario-grown products.”
More details are expected to be announced as work progresses on the brewery.
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USA, IA: Peace Tree Brewing Co. expected to open in Grinnell in early fall
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If you like beer, you’ll love Grinnell’s newest addition to Main Steet – the Peace Tree Brewing Co., DesMoinesRegister.com reported.
The Grinnell branch is expected to open in early fall and will have 20-plus tap lines offering a number of different styles of beer.
“We’re really excited to be coming to Grinnell,” said Hannah Vander Veer, marketing associate for the company. “Grinnell is a great community.”
The Grinnell Branch, Vander Veer said, is the third branch to be developed by the company. The Knoxville Taproom is the original location for Peace Tree Brewing Co. and is where they bottle their beer for distribution throughout Iowa and parts of Nebraska.
There are also the Des Moines Branch and the Root Cellar, also in Knoxville.
The Grinnell location will be very similar in style, Vander Vee said, to the other locations.
The flagship beers that are waiting to be tasted in Grinnell include Red Rambler Ale, Kiss from a Gose (a tart ale), Blonde Fatale and No Coast IPA. They will also have seasonal flavors throughout the year.
Can’t decide? Sampler’s are available – small glasses of some particular beers.
“Usually, if someone wants a little taste of a certain beer, we’ll give them a little to try,” Vander Vee
...More info on site
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Canada, ON: High Park Brewery to open physical brewery in West Toronto
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High Park Brewery has announced via a Facebook video that is has secured a location for a physical brewery and taproom in West Toronto, Canadian Beer News reported on August 8.
The company took possession of the former grocery store at 839 Runnymede Road earlier this month, and will soon be starting renovations to set up a brewery, taproom, retail store, event space and patio, with plans to have the facility up and running by Spring 2018.
The site is located on the western edge of the Stockyards district, an area that is also becoming known as the Aleyards due the cluster of breweries that call it home, including Rainhard Brewing, Shacklands Brewing, and Junction Craft Brewery.
High Park brands including Across The Pond ESA, Off The Leash IPA, and Against the Grain Lager will continue to be available in contract brewed versions while the new brewery is being constructed.
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USA, FL: Sea Dog Brewing Co. opening a 10,000-square-foot Treasure Island location
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Clearwater's Sea Dog Brewing Co. is opening a 10,000-square-foot Treasure Island location in the fall. The new brewery, which seats 300, will have a restaurant, pre-made sandwiches at its downstairs bar and later a tiki bar. It will also have a full liquor license, Tampabay.com reported on August 10.
"I believe our waterfront bar and open-air dining, beer-infused sauce recipes and signature cocktails, along with the gorgeous views of Sunset Beach right across the street makes us a destination spot for all locals and vacationers," Charles Breakiron, general manager, said.
Among the drinks it will serve are Sea Dog beers, "beer infused cocktails" and Shipyard liquors. The new brewery will be located at 9610 Gulf Blvd.
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Canada, ON: Bobcaygeon Brewing signs lease to open brewery in namesake town
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Bobcaygeon Brewing has announced that it has signed a lease with Parks Canada to open a physical brewery in an historic building in its namesake Ontario town, Canadian Beer News reported.
Located at 15 Bolton St. near Lock 32 in downtown Bobcaygeon, the building was constructed in 1932, and served as the community’s post office for many years. More recently, it has been home to A Special Place, a free clothing charity that shut down last year.
“We are excited to be working with Parks Canada to fulfill our original goal of building our brewery in Bobcaygeon and producing our beer here,” said Richard Wood, president and co-founder of Bobcaygeon Brewing, in a statement. “We look forward to a strong long-term relationship with Parks Canada and the community to promote both craft beer and economic development in Bobcaygeon and the surrounding areas.”
Construction on the new facility, which will include a brewery, retail store, and taproom, is set to start this autumn, with plans to open in 2018. In the meantime, Bobcaygeon brands including Common Loon APA, Dockside Red Ale, and Sunset Golden Ale will continue to be brewed under contract and distributed to retail outlets and licencees throughout Ontario.
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USA, ME: Ebenezer’s Brewpub closed and is for sale
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Ebenezer’s Brewpub on Pleasant Street has closed and is for sale, The Forecaster reported on August 10.
“The place is closed. And we may or may not re-open it,” co-owner Chris Lively said over the phone on August 7.
By August 9, the business was advertised for sale as a turnkey brewpub, for $255,000. A new owner gets the brewing equipment, assumes the building lease, and will be offered the opportunity to buy recipes and provide beer for Lively’s other business, Ebenezer’s Pub in Lovell.
Just a mile away, meanwhile, a new brewery is getting ready to launch later this year.
Plans for a downtown brewery advanced on August 7 when the Town Council adopted a new zoning ordinance that will now allow breweries in the district without being part of a restaurant.
Mattie Daughtry and Philip Welsch, the business partners behind the venture, said they hope to open Moderation Brewing within the next six months.
Daughtry, who is also the state representative in House District 49, said on August 7 the pair purchased the commercial building at 103 Maine St. last week in anticipation of the council action. Their business plan is modeled around the downtown location, where they hope to snare pre-dinner pedestrians and
...More info on site
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World: Malt trade forecast to increase to 7.245 mln tonnes in 2017/18
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IGC reported in its latest publication the following statistics of malt exports in July/May 2016/17 (in grain equivalent, last year in brackets):
The world’s
...More info on site
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India: United Breweries’ profit up 9.9% in quarter to June 30
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United Breweries posted on August 10 a 9.9 per cent increase in its profit to Rs 162.14 crore in the quarter ended on June
...More info on site
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Japan: Three of four major brewers log record operating profits in January-June this year
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Three of four major brewers in Japan logged record operating profits in January-June, according to their first-half financial statements.
Although beer sales have been sluggish,
...More info on site
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World: All major barley crop exporters expecting smaller crops this year
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Barley crops have become constantly smaller over the past decades; they are just specialty (malting) crops in the world outside Australia, Canada, East and
...More info on site
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EU: Barley production forecast increased to 58.2 mln tonnes this month
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Strategie Grains has raised its forecast for barley production in the EU by 700,000 tonnes to 58.2 million tonnes, citing a 500,000 tonne combined
...More info on site
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Vietnam: Analysts believe now is the right time for government to sell its stake in Sabeco
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Analysts believe that now is the right time for the state to divest Sabeco shares because the shares are going for a good price, VietNamNet Bridge reported on August 10.
Sabeco will step up selling the State capital in this firm in 2017 as requested by the Government.
A representative of Sabeco, the largest brewer in Vietnam, said Sabeco has chosen a consultancy firm for the process.
Nguyen Hoang Hai, deputy chair of the Vietnam Association of Financial Investors (VAFI), commented that the state’s divestment would only partially depend on the consultant, as it is the sales method that will determine the success of the transaction.
Sabeco should implement equitization quickly to grab the opportunity to sell at high prices, he said. If the State remains undecided, it will lose billions of dollars.
"It is necessary to organize auctions and sell its stake soon,” Hai added.
“If the State wants to sell its stake at high prices, it should sell all the 90 percent stake once. The sale must be done in a transparent and open way which will attract the highest possible number of buyers,” he said.
Hai stressed the principle of transparency in selling the state’s stake, i.e. shares will be sold to those who
...More info on site
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India: United Breweries introducing five imported beer brands from parent Heineken in India
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United Breweries Ltd, the maker of Kingfisher beer, is in the process of introducing five imported beer brands from its Dutch parent Heineken NV in India, challenging Anheuser-Busch InBev—currently the market leader for imported beers, Livemint reported on August 10.
UB has introduced these brands—Sol, Edelweiss, Affligem, Dos Equis and Desperados—in select markets a month ago and is now expanding to other markets, marketing head Samar Singh Sheikhawat said.
“We are very hopeful that with these five brands, we will have a solution for a consumer set who is looking for these offerings and did not find an answer in the UB portfolio. There is a growing market for this, a profitable market,” Sheikhawat.
UB—India’s largest beer maker—aims to capture a fourth of India’s imported beer market with these five brands, Sheikhawat said. Before these brands were launched, UB had no presence in that segment.
The new brands are expected to help UB expand its portfolio, enter a fast-growing segment, and partially offset the slowdown in the wider beer market. Of the five beers, Sol will take on Corona from Anheuser-Busch InBev.
Apart from Corona, which has a market share of around 49% in imported beers, Anheuser-Busch InBev also sells Hoegaarden (about 27%) and Stella
...More info on site
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India: Vijay Mallya no longer director of United Breweries Ltd
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United Breweries Ltd (UBL) said on August 10 its Chairman Vijay Mallya has ceased to be director of the company following market regulator Sebi's order against him, Press Trust of India reported.
On January 25 this year Sebi had restrained Mallya from holding position as director or key managerial personnel of any listed company which has not been vacated till date, UBL said in a regulatory filing.
"The board at its meeting held today (August 10) has authorised filing of requisite forms/intimations with the Registrar of Companies and other authorities notifying Vijay Mallya's cessation from holding position of director in the company," it said.
In January, the Securities and Exchange Board of India (SEBI) had restrained Mallya and six others from the securities market and also from "buying, selling or otherwise dealing in securities in any manner whatsoever, either directly or indirectly" till further directions.
The market regulator's order was issued close on the heels of CBI naming Mallya, Kingfisher Airlines and eight others in a chargesheet related to loan default case.
Mallya, whose now-defunct Kingfisher Airlines owes more than Rs 9,000 crore (including interest) to various banks, had fled India on March 2, 2016.
The CBI has two cases against him - one related to
...More info on site
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Namibia: Namibia Breweries Limited is taking its barley project to the next level
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Namibia Breweries Limited is taking its barley project to the next level with the very ambitious target to grow 60,000 tonnes of barley annually within the next ten years. Going by the yields of the first two seasons, some 12,000 hectares under irrigation will be required, Namibia Economist reported on August 9.
Talking about the issues of investment and innovation, the Ohlthaver & List Group Director for Corporate Affairs, Gideon Shilongo, told a local television channel the proven demand for unmalted barley by Namibia Breweries, a subsidiary of the group, is 40,000 tonnes. However, the breweries can absorb another 20,000 tonnes of unmalted barley for its new product, King Lager.
Bringing innovation into the equation, Shilongo said the barley pilot project which yielded 1,200 tonnes from 400 hectares, provided them with a raw material, too little to go into their mainstream brewing operations, but still too valuable to be used as animal fodder. This lead to the idea of brewing small quantities of unmalted beer using the local harvest. This beer is now marketed as King Lager.
If Namibia Breweries Limited can find the land to supply in their own barley requirements, it will create another 2500 jobs in agriculture. “In 2016 alone,
...More info on site
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