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E-Malt.com Newsletter 33b
August 17 - August 20, 2017
Quote of the Week
You can't be a real country unless you have a beer and an airline - it helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer.
Frank Zappa
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Currency Rates
Base Currency: US Dollar
on August 18, 2017 |
Base Currency: Canadian Dollar
on August 18, 2017 |
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1 USD = 0.8516 EUR
1 USD = 0.7761 GBP
1 USD = 1.2638 CAD
1 USD = 1.2624 AUD
1 USD = 109.8300 JPY
1 USD = 3.1593 BRL
1 USD = 59.2490 RUB
1 USD = 6.6746 CNY
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1 CAD = 0.7912 USD
1 CAD = 0.6141 GBP
1 CAD = 0.6738 EUR
1 CAD = 0.9988 AUD
1 CAD = 86.9000 JPY
1 CAD = 2.4995 BRL
1 CAD = 46.8709 RUB
1 CAD = 5.2808 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, NB: Green Flash Brewing Co. announces plans for a third location in Nebraska
...Click here
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USA, MD: Guinness gains license for its Baltimore County brewery
...Click here
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Canada, ON: Silver Stacks Brewing to open in London in January
...Click here
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USA, MA: Husband-and-wife team launching Altruist Brewing Co. in Sturbridge
...Click here
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USA, MD: Checkerspot Brewing pushes back opening date
...Click here
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USA, FL: South Beach Brewing Company preparing to debut this fall in Miami Beach
...Click here
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World: Snow remains world’s largest beer brand by sales volume
...Click here
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Latvia: First-half beer output up 12% versus last year
...Click here
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World: World malting barley supplies look dangerously low
...Click here
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Australia: Crop estimates for 2017/18 are around 7-8 mln tonnes versus 13.4 mln harvested in 2016/17
...Click here
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Malaysia: Carlsberg Brewery Malaysia reports 19% rise in Q2 net profit
...Click here
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Germany: German barley import demand estimated at around 1 mln tonnes
...Click here
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Ukraine: Barley harvest totals 8.6 mln tonnes this year
...Click here
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UK: Competition watchdog approves Heineken’s acquisition of Punch Taverns' British pubs
...Click here
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Graph of the Week
Table of the Week
EU Malt Exports
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
17 August
1802 - In one of history's greatest acts of inventive daring, Robert Fulton launches his new steamboat from the north shore of Manhattan
1998 - The Russian government devalues the ruble and declares a moratorium on paying its foreign debt, a de facto default that sends the global bond markets crashing, triggers the collapse of the giant U.S. hedge fund Long-Term Capital Management and sends shockwaves through the world's financial system
18 August
1868 - French astronomer Pierre Janssen discovers helium
1904 - Max Factor Jr was born, CEO (Max Factor Cosmetics)
1937 - 1st FM radio construction permit issued (W1X0J (WGTR) in Boston MA)
1952 - Patrick Swayze was born in Houston Texas, actor/dancer
1960 - 1st photograph bounced off a satellite, Cedar Rapids, Iowa
19 August
1888 - 1st beauty contest (Spa, Belgium), 18 year old West Indian wins
1897 - 1st electric taxi's drive in London
1946 - Bill Clinton was born, the 42nd US President. (Former Little Rock Attorney)
20 August
1741 - Alaska discovered by Danish explorer Vitus Bering
1896 - Dial telephone patented
1960 - USSR recovers 2 dogs, 1st living organisms to return from space
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, NB: Green Flash Brewing Co. announces plans for a third location in Nebraska
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Less than one year after opening doors to their second brewery on the east coast, Green Flash Brewing Co. announces they are expanding into the Midwest and opening a third location in Lincoln, Nebraska, Sioux City Journal reported on August 17.
They have purchased a 10,000-square-foot production facility and tasting room with a restaurant in the Nebraska state capital, and will join Lincoln’s burgeoning craft beer community.
The Lincoln Journal Star reports the brewery has purchased the city's recently closed Ploughshare Brewing Company. Terms of the deal were undisclosed, according to the newspaper.
The new brewery was purchased intact, and Green Flash expects the tasting room, restaurant, and brewhouse to be open and operating by the end of this year.
Upon opening, Green Flash will be able to offer fresh beer with regional prices in the Midwest, and will focus on the consumer connection in their Lincoln tasting room. The move reveals Green Flash's long-term strategy to increase their strength as a national brand by establishing regional footholds in key cities across the United States.
“We hope to become a local favorite in our new Nebraska home,” said Mike Hinkley, Co-Founder of Green Flash Brewing Co. “And we're excited to be closer to our fans
...More info on site
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USA, MD: Guinness gains license for its Baltimore County brewery
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A year away from its opening, the Baltimore County liquor board has granted a license to the Guinness Open Gate Brewery & Barrel House, Baltimore Business Journal reported on August 16.
The plans for the new brewery— the first by Guinness in the U.S. in more than six decades — were unveiled in January. Details are still being finalized and local contractor Plano-Coudon was hired in the late spring by Diageo Beer Co. USA to build the brewery to be located in Relay. The $50 million Guinness project is expected to bring in 300,000 visitors each year to the county's southwest corner.
This week, the Board of Liquor License Commissioners for Baltimore County unanimously approved an on-premise consumption permit for the new taproom. The development is expected to create 70 new jobs.
County Executive Kevin Kamenetz said the license "is a key next step in creating a world-class tourist destination" and investment in the county.
The permit granted was a new "Class 5" license, modified during legislation that moved through the General Assembly earlier this year that would allow breweries in the state additional capacity to sell beer that is brewed on-site at their taprooms.
“We are excited to open up our brewery next
...More info on site
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Canada, ON: Silver Stacks Brewing to open in London in January
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A new multi-use complex being developed in the former Kellogg cereal factory in London is set to include a craft brewery, Canadian Beer News
...More info on site
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USA, MA: Husband-and-wife team launching Altruist Brewing Co. in Sturbridge
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The husband-and-wife team of the Altruist Brewing Co. in Sturbridge are set to open their brewery and taproom in the fall. Once open, Bob and Nancy Bixby will join the 140 or so other breweries in the state and a craft beer market that is growing exponentially. Currently, the couple is not selling their beer to stores in an effort to remain as local as possible and grow organically. Worcester Business Journal talked to them on August 15.
Have you looked into distribution yet?
Nancy: That's not something that we have immediate plans to do. We're just so small, and we're looking to grow organically. If you're just doing distribution, it's going to be really hard to grow, and honestly you don't have a lot of every can that you make. It's a lot of work, and there isn't enough to invest back into the business. We're hoping to be able to invest a significant portion of what we make right back in so we can grow organically.
Bob: People ask why we don't do the Charlton-based Tree House Brewing Co. model. Honestly, I had no real interest. I like to talk beer with people, so I want a place where people can
...More info on site
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USA, MD: Checkerspot Brewing pushes back opening date
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Checkerspot Brewing has pushed back its expected opening date until 2018 amid construction delays on its building near M&T Bank Stadium in Baltimore, Baltimore
...More info on site
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USA, FL: South Beach Brewing Company preparing to debut this fall in Miami Beach
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When South Beach Brewing Company debuts this fall in Miami Beach, beers that taste like brunch cocktails will dominate the brewpub’s menu, which touts flavors such as Strawberry Orange Mimosa, South Peach Shandy and Blood Orange Sunset IPA, SouthFlorida.com reported on August 15.
The idea to pair ales with an afternoon plate of eggs comes from South Beach Brewing Company founder Lorenzo Borghese, who’s no stranger to the touristy vibes along the city’s Collins Avenue drag. A cosmetics and dog-grooming entrepreneur and scion of a wealthy family from Milan, Italy, Borghese in 2006 starred in the ninth season of ABC’s “The Bachelor."
But Borghese says he intends to downplay his reputation at his 2,200-square-foot brewpub, which will feature a nanobrewery and dining area. The location, which he says is still being finalized, will be south of Fifth Street in Miami Beach.
“I didn’t want people to think I’m just some trust-fund kid who likes to party and wanted to open a brewery in South Beach,” Borghese, 45, said. “I want this to be about positivity, not about my family. I want this to be about beer and hanging out with your friends.”
Still, the brewpub, along with its brunch-inspired brews, has attracted one blue-chip
...More info on site
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World: Snow remains world’s largest beer brand by sales volume
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No-one that has followed the ‘big beer’ news in 2016 can be surprised that AB InBev has extended its domination of the top 10
...More info on site
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Latvia: First-half beer output up 12% versus last year
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During the first six months of 2017 Latvian breweries produced 45.995 million litres of beer, which was 12.04% more than in the same period
...More info on site
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World: World malting barley supplies look dangerously low
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There are no alternatives for malting barley (except lower qualities). World supplies look dangerously low, H. M. Gauger GmbH said in their August report.
...More info on site
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Australia: Crop estimates for 2017/18 are around 7-8 mln tonnes versus 13.4 mln harvested in 2016/17
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Australia’s barley crop 2016/17 was 13.4 mln tonnes, reported export sales to-date 8.5 mln tonnes, of which 5.3 to China, 1.1 to Japan, H.
...More info on site
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Malaysia: Carlsberg Brewery Malaysia reports 19% rise in Q2 net profit
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Carlsberg Brewery Malaysia, the listed local unit of Danish beer maker Carlsberg, said on August 17 its net profit rose 19% in the second
...More info on site
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Germany: German barley import demand estimated at around 1 mln tonnes
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Germany’s malting barley selection estimates this year are: two-row winter barley at 70 – 90,000 tonnes, spring barley at 1.0 to 1.1 mln tonnes,
...More info on site
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Ukraine: Barley harvest totals 8.6 mln tonnes this year
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Ukraine has started its 2017 maize harvest, threshing the first tonnes of the grain with an average yield of 4.0 tonne, the agriculture ministry
...More info on site
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UK: Competition watchdog approves Heineken’s acquisition of Punch Taverns' British pubs
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British competition watchdog CMA approved Heineken's acquisition of Punch Taverns' British pubs. The Dutch brewer made sufficient concessions to remove competition concerns, the CMA decided, ANP reported on August 18.
The supervisor found 33 locations where the competition between pubs would be affected by Heineken taking over the Punch Taverns pubs. Heineken then submitted proposals to sell the pubs involved.
Heineken is paying 305 million pounds, about 347 million euros, for the 1,900 Punch Taverns pubs. The Dutch brewer already owns over a thousand pubs in Britain under the name Star Pubs & Bars. The new pubs will be integrated into that brand. With the acquisition, Heineken will be the second biggest pub operator in Britain, according to the news wire.
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Ethiopia: Tribunal dismisses suit against Heineken
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Ethiopian Trade Practices & Consumer Protection Authority’s tribunal has dismissed a suit instigated by Meta Abo Brewery S.C. against Heineken Breweries. This was following both parties failed to appear for the second time, 2merkato reported on August 17.
It was back in June 2017 that Meta filled its pleading claiming that Heineken hoarded its bottles and crates for more than a year. The pleading further noted that the company lost its competitive edge along with 9 million Birr.
The defendant was summoned by the court to present its statement of defence by July 27, 2017. Nevertheless, Heineken failed to do so and also failed to appear on the adjourned hearing date. Following this the tribunal ordered fresh summons to be served to the defendant and to appear on August 11, 2017.
For the hearing day, it was also Meta that failed to appear before the tribunal. And following this, the tribunal dismissed the suit as per the Civil Procedure Code of Ethiopia.
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