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E-Malt.com Newsletter 01a
January 01 - January 03, 2018
Quote of the Week
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Eleanor Roosevelt
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Currency Rates
Base Currency: US Dollar
on January 06, 2018 |
Base Currency: Canadian Dollar
on January 06, 2018 |
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1 USD = 0.8300 EUR
1 USD = 0.7387 GBP
1 USD = 1.2520 CAD
1 USD = 1.2744 AUD
1 USD = 112.6900 JPY
1 USD = 3.2331 BRL
1 USD = 57.6002 RUB
1 USD = 6.4966 CNY
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1 CAD = 0.7986 USD
1 CAD = 0.5899 GBP
1 CAD = 0.6628 EUR
1 CAD = 1.0178 AUD
1 CAD = 89.9900 JPY
1 CAD = 2.5820 BRL
1 CAD = 45.5670 RUB
1 CAD = 5.1882 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Constellation Brands Q3 revenue misses analysts’ estimates
...Click here
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USA: AB InBev could be about to ramp up its craft beer activity - analyst
...Click here
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USA: American Malting Barley Association updates list of recommended malting barley varieties
...Click here
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Canada, AB: 18 new craft breweries launched in Alberta in 2017
...Click here
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USA, NC & SC: Catawba Brewing Company completes purchase of Palmetto Brewing Company
...Click here
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USA, MA: RiverWalk Brewing Co. launches taproom and brewery in Newburyport
...Click here
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USA, CT: North Branford Planning and Zoning Commission looks into allowing farm breweries to operate in towns
...Click here
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USA, FL: Lakeland Brewing Co. to close on January 8
...Click here
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Japan: Sapporo Holdings' operating profit likely down 10% yoy in 2017
...Click here
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France: Malting barley crop very good in Beauce/Gatinais/Bassin Parisien this year
...Click here
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South Korea: Removal of restrictions on beer imports and craft brewing expected to reduce local beer market share
...Click here
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Australia: Leading brewers hit back at calls for ‘radical’ alcohol tax policy changes
...Click here
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World: EU and world demand for feed barley surprises analysts
...Click here
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China: Tsingtao, China Resources Beer shares jump on inaccurate report of beer prices hike
...Click here
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Japan: Japan’s beer prices expected to rise this year
...Click here
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Graph of the Week
Table of the Week
Italy Malt Production and Import 2010 - 2016
Barley Prices
Theoretical Malt Prices
Scientific Digest
PICK YOUR HOPS BEFORE THE ONION TAKES OVER!
ABSTRACT
Sulfur components in hops have many different faces.
Though we love them for bringing us flavors such as
rhubarb, passion fruit, grapefruit and black currant
flavours, they also surprise us with nasty flavours such
as onion-like, garlic-like or just cheesy. By name, these
are known as S-methyl-thioisobutyrate, S-methyl-thio-2-methylbutyrate, S-methyl-thioisovalerate, S-methylthio-4-methylpentanoate, and S-methyl-thiohexanoate.
One parameter that significantly influences the
formation of these compounds is the harvest time of
the hops. This article shows how the concentration of
the onion/garlic compounds increases during harvest
time for varieties as Cascade, Mandarina Bavaria,
Polaris, Hallertau Blanc and Hüll Melon. Although many
studies have shown that a later harvest brings a more
overall flavourful aroma profile for some varieties, e.g.
Hallertau Mittelfrueh (and I put here my hypothesis
that this includes many varieties that express intense
fruitiness such as Citra, Mosaic, Cascade, etc.), the
harvest date should be chosen carefully.
REFERENCES:
Kammhuber, K.: Influence of the Date of Harvest on the Sulphur Compounds of the Special
Flavour Hop Varieties Cascade, Mandarina Bavaria, Hallertau Blanc, Huell Melon and Polaris.
http://www.brewingscience.de/index.php?tpl=table_of_contents&year=2017&edition=0009%2F0010&article=90346
Source: Barth Innovations
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These Days in Business History
01 January
1785 - "Daily Universal Register" (Times of London) publishes 1st issue
1842 - 1st illustrated weekly magazine in US publishes 1st issue, New York City NY
1862 - 1st US income tax (3% of incomes > $600, 5% of incomes > $10,000)
1994 - The North American Free Trade Agreement comes into effect
1995 - The World Trade Organization goes into effect
2015 - The Eurasian Economic Union comes into effect, creating a political and economic union between Russia, Belarus, Armenia, Kazakhstan, and Kyrgyzstan
02 January
1882 - Because of anti-monopoly laws, Standard Oil is organized as a trust
1905 - Luther George Simjian, the inventor of the earliest known prototype of the automatic teller machine (ATM), is born in Ainteb, Turkey
1980 - With inflation raging, gold hits a record price of $850 per ounce
1986 - 191.66 million shares traded in New York Stock Exchange
2013 - Barack Obama signs the American Taxpayer Relief Act of 2012, intended to prevent the "fiscal cliff"
03 January
1911 - US postal savings bank inaugurated
1977 - Apple Computer Corp. is incorporated by Steve Jobs and Steve Wozniak
1980 - Gold hits record $634 an ounce
2015 - 1st electric watch introduced, Lancaster PA
04 January
1960 - European Free Trade Association forms in Stockholm
1962 - 1st automated (unmanned) subway train (New York City NY)
2001 - Total daily trading volume on the New York Stock Exchange exceeds 2 billion shares for the first time ever
05 January
1769 - Jean Baptiste Say, French economist is born
1828 - 1st edition of Amsterdam General Trade Journal (Algemeen Handelsblad)
1850 - California Exchange opens
06 January
1978 - 1st postage stamp copyrighted by US (Carl Sandburg stamp)
1994 - Dow-Jones hits record 3803.88
07 January
1714 - Typewriter patented by Englishman Henry Mill (built years later)
1782 - 1st US commercial bank, Bank of North America, opens in Philadelphia
1995 - Murray Newton Rothbard economist, dies of cardiac arrest at 69
Agenda
January 2018:
26-28: Finest Spirits 2018 (Munich, Germany)
February 2018:
02-04: Brau Kunst Live 2018 (Munich, Germany)
09-12: HoReCa 2018 (Athens, Greece)
17-20: Beer Attraction 2018 (Rimini, Italy)
20-24: Great British Beer Festival Winter 2018 (Norwich, UK)
27-01 March: Beviale Moscow 2018 (Moscow, Russia)
March 2018:
05-07: 105th Brewing and Engineering Conference (Munich, Germany)
06-08: Expo Antad & Alimentaria Mexico 2018 (Mexico City, Mexico)
07-10: Festival Brasileiro de Cerveja 2018 (Blumenau, Brazil)
08-10: Alltech Craft Brews & Food Fair 2018 (Dublin, Ireland)
14-15: BeerX 2018 (Sheffield, UK)
19-22: IBD Asia Pacific Convention 2018 (Wellington, New Zealand)
April 2018:
08-12: International Malting and Brewing Symposium "13th Trends in Brewing" (Ghent, Belgium)
13-14: Helsinki Beer Festival 2018 (Helsinki, Finland)
28-29: Zythos Beer Festival 2018 (Leuven, Belgium)
30-03 May: Craft Brewers Conference & BrewExpo America 2018 (Nashville, USA)
May 2018:
22-24: Beer 2018 (Sochi, Russia)
June 2018:
06-09: Mondial de la Biere 2018 (Montreal, Canada)
29-01 July: Mondial de la Biere 2018 (Paris, France)
August 2018:
03-05: The 22nd International Berlin Beer Festival (Berlin, Germany)
08-11: Vietfood & Beverage 2018 (Ho Chi Minh City, Vietnam)
10-11: Beervana 2018 (Wellington, New Zealand)
12-15: Brewing Summit 2018 (San Diego, USA)
September 2018:
04-06: food & drink technology Africa (fdt Africa) (Johannesburg, South Africa)
12-14: 6th International Symposium for Young Scientists and Technologists in Malting, Brewing and Distilling (Bittburg/Trier, Germany)
October 2018:
23-26: China Brew China Beverage 2018 (Shanghai, China)
24-26: drink technology India 2018 (Mumbai, India)
November 2018:
13-15: Brau Beviale 2018 (Nuremberg, Germany)
More events are available on site e-malt.com
News Articles
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USA: Constellation Brands Q3 revenue misses analysts’ estimates
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Constellation Brands Inc missed Wall Street estimates for third quarter revenue on January 5 and said wine and spirit sales for the full-year would be at the low end of a previous forecast, sending its shares down as much as 4 percent, Reuters reported.
Its stock recouped some of the losses later in the day after Chief Executive Robert Sands said the company was seeing no real impact on alcohol sales from the legalization of cannabis for recreational use in six U.S. states.
The comments come two months after Constellation said it took a nearly 10 percent stake in Canada’s biggest cannabis producer Canopy Growth Corp, becoming the first major beer and spirits company to invest in legal cannabis.
“We really can’t see any impact in terms of how it’s (cannabis) affecting beverage alcohol in general and even in the 6 states, including California,” Sands said on a conference call with analysts.
He also said it was too early to tell whether Constellation’s investment in the Canadian company would be “cannibalistic or complementary”.
“There’s just not enough information I think to really say how that’s going to affect beverage alcohol in general going forward,” Sands said.
Constellation said that the recent U.S. tax overhaul would reduce
...More info on site
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USA: AB InBev could be about to ramp up its craft beer activity - analyst
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Anheuser-Busch InBev could be about to ramp up its craft beer activity after recent industry figures show its current craft breweries lagging the US market, an analyst has forecast.
Citing IRI data, SIG's Pablo Zuanic wrote this week that AB InBev's US craft beer volumes in the eight weeks to 17 December grew by just over 2%, below the estimated mid-single-digit growth for overall US craft beer. Zuanic said this was a poor performance, especially for a company that is under-represented in the craft area - about 2% of AB InBev's portfolio, compared to 12% for the US industry.
To help boost growth, Zuanic believes AB InBev "will likely need to ramp up its craft strategy". The analyst said this could include picking up its buy option on Craft Brew Alliance, in which AB InBev already owns a minority stake. As part of an agreement signed last year, AB InBev has the option to take full control of CBA in a clause that expires in August 2019.
AB InBev has bought ten US craft brewers so far, starting with Chicago's Goose Island in 2011 and ending in May with North Carolina's Wicked Weed. Goose Island has more than quadrupled volumes since its takeover,
...More info on site
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USA: American Malting Barley Association updates list of recommended malting barley varieties
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The list of recommended malting barley varieties for the 2018 crop year has been updated by the American Malting Barley Association.
The American Malting Barley Association is a nonprofit trade association of brewing, distilling and malting companies that are end users of malting barley. The list is meant to inform U.S. producers which malting barley varieties the industry intends to use in the upcoming year. Not all varieties are used in large quantities and it is important that producers contact their local elevator, grain handler or processor to determine the market demand for a variety prior to seeding.
Two varieties from the 2017 list have been dropped and three varieties have been added for 2018. CDC Meredith and Stellar-ND are no longer recommended varieties. Additions include the three spring, two-row varieties: Explorer, Newdale, and Propino.
Explorer was developed by the French company, Secobra Recherches, and has been grown in Europe, Asia and South America. It has been grown successfully in the west and upper Midwest.
Dr. William Legg, Agriculture and Agri-Food Canada, bred Newdale which received full registration for Canada in 2001. In the U.S., Newdale is primarily being grown in Maine.
Propino was developed by Syngenta and has been recommended
...More info on site
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Canada, AB: 18 new craft breweries launched in Alberta in 2017
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Craft beer has been making a splash across Alberta in recent years, the CHAT News Today reported on December 31.
Terry Rock with the Alberta Small Brewers Association said they gave out 18 new licenses to breweries in 2017, bringing the total up to 69 in the province. He expects that number will increase to at least 80 licensed brewers in 2018.
“Breweries act as community hubs,” he said. “They become a community gathering place and everyone has their own brewery in their community."
Medicine Hat is home to two craft breweries, Hell’s Basement Brewery and Medicine Hat Brewing Co. There is also a third, Travois Ale Works scheduled to be open in spring of 2018.
Kaiden Vancuren with Medicine Hat Brewing Co. said they’ve had a great response from the community in their first year of operation.
“It's been really overwhelming, we've already expanded twice because the amount of people in Medicine Hat drinking our beer,” he said. “It's way more than we actually thought. We're really happy with the amount of support.”
Mike Patriquin with Hell’s Basement Brewery explained it’s the local approach that draws people into small craft breweries.
“People really appreciate the local nature of the business,” he said. “Craft beer is meant
...More info on site
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USA, NC & SC: Catawba Brewing Company completes purchase of Palmetto Brewing Company
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Catawba Brewing Company announced on December 28 it's completed the purchase of Palmetto Brewing Company out of Charleston, South Carolina.
Catawba owns breweries in Morganton, Asheville and Charlotte.
By adding Charleston, the four locations will have a combined capacity of around 50,000 barrels producing both Catawba and Palmetto brands.
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USA, MA: RiverWalk Brewing Co. launches taproom and brewery in Newburyport
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RiverWalk Brewing Co. recently opened their new taproom and brewery at 40 Parker Street in Newburyport, MA. The 20,000 square foot space houses a 30 barrel brewhouse, taproom featuring twelve rotating taps, beer-inspired food menu and a private events room. The Parker Street facility represents a tenfold increase in size and production from their previous location on Graf Rd in Newburyport, MA, Brewbound reported on December 28.
RiverWalk Brewing owner Steve Sanderson sees the new space as a win-win for customers, “It allows people to engage with our brand in a meaningful way and better understand our worldly point of view when it comes to beer. We hope they leave here having learned something about beer they didn’t know before.”
RiverWalk Brewing brews over 30 different varieties of their craft beer, pulling inspiration from around the globe. So taking over a former warehouse space allowed Sanderson to build to his exact specifications for that reason.
Sanderson explains, “The new brewery allows us to increase production dramatically. In our old space we were maxed out at 2,000 barrels per year. This new facility gives us the potential for 15,000 barrels a year. And perhaps more importantly, we now have the physical space to experiment
...More info on site
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USA, CT: North Branford Planning and Zoning Commission looks into allowing farm breweries to operate in towns
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Allowing farm breweries to operate in towns, which would include manufacturing and brewing of beer, retail sale of beer, tasting rooms and events has been the subject public hearings recently in front of the Planning and Zoning Commission in North Branford, Patch.com reported on December 28.
The application has been submitted by Alexander DeFrancesco, of DeFrancesco Farm in North Branford, who has been very active in the movement of planting hops for beer growing in Connecticut.
DeFrancesco said since the state legislature passed legislation allowing the brewing of beer under a manufacturing permit on a farm it has been his intention to do so.
DeFrancesco said he has worked with Town Planner Carey Duques on making sure his plan would work with town regulations in mind.
Zoning officials have discussed DeFranceso's plan at both the November and December meetings. They plan to discuss it again at the PZC meeting in January.
At the December meeting, Planner Duques distributed regulations that the towns of East Lyme and North Stonington used to regulate similar facilities.
DeFranceso said while he wants to have the beer operation and farm to table dinners at the farm, the family also wants to maintain the farm as an agriculture-based operation.
Nina Frattori, who is
...More info on site
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USA, FL: Lakeland Brewing Co. to close on January 8
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Lakeland Brewing Co. and Old School Annex is calling it quits. Last call is scheduled for Jan. 8, The Ledger reported on December 28.
The city’s eponymous brewing operation survived just shy of three years, serving a stable of ales and lagers aimed at a mainstream clientele, including its whimsical Damn It, Janet, a red ale made with rye, and a mocha stout called One-Eyed Revenge.
Housed in a fully renovated building dating to 1945 that overlooks downtown’s scenic Lake Mirror, Lakeland Brewing never gained the kind of acclaim its owners anticipated, especially in building a large commercial following.
Still, as the city’s first independent microbrewery, it was viewed by some as a harbinger of the city’s increasing popularity as a destination for food and drink. The place had an upscale warehouse feel, with polished concrete floors, exposed rafters and furnishings made from materials salvaged during renovation.
The brewery and taproom opened in March 2015 after months of delays in construction and other setbacks. Ultimately, demand for its beer and food never flourished.
“That’s the way it goes,” said Usman Faruq of Lakeland, one of three partners in the enterprise along with his wife, Serena, and her brother, Francis Janes. “We put our heart and
...More info on site
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Japan: Sapporo Holdings' operating profit likely down 10% yoy in 2017
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Sapporo Holdings' operating profit probably slid about 10% year-on-year for the 12 months through December, but its net profit likely set a new record
...More info on site
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France: Malting barley crop very good in Beauce/Gatinais/Bassin Parisien this year
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Beauce/Gatinais/Bassin Parisien produced a very good crop of malting barley, with proteins below 11% this year, H. M. Gauger GmbH reported early in December.
...More info on site
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South Korea: Removal of restrictions on beer imports and craft brewing expected to reduce local beer market share
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The New Year will be tough for large domestic breweries because of the removal of restrictions on beer importers and craft beer brewers, the
...More info on site
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Australia: Leading brewers hit back at calls for ‘radical’ alcohol tax policy changes
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Australia’s beer barons have hit back at calls for a “radical” policy shift that would hike the tax on draught beer by up to 500 per cent and reduce Australia’s alcohol consumption, the Illawarra Mercury reported on January 4.
The Foundation for Alcohol Research and Education (FARE) wants draught beer to be taxed at the same rate as bottles and cans, rather than the discounted tax rate it now enjoys. FARE says this would raise an extra A$2.9 billion while cutting alcohol consumption by more than nine per cent.
But the brewing lobby has blasted the plan as “lazy and flawed”.
Brewers Association of Australia (BAA) CEO Brett Heffernan said tax was already the “single most expensive ingredient in beer”.
“Firstly, when it comes to cheap alcohol products, beer is not one of them,” he said.
“Secondly, price is not a pressure point for those who misuse alcohol. It’s lazy and flawed policy ... it penalises the vast majority who drink responsibly while doing nothing for those few at risk of harm.”
He claimed Australians already pay heavy tax on beer.
“Any Aussie venturing overseas who has slicked their thirst with a cleansing ale knows we pay a premium for beer in Australia.”
BAA represents brewing giants Carlton
...More info on site
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World: World grain supplies still burdensome
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In spite of a small stock reduction world grain supplies are still burdensome, H. M. Gauger GmbH said in their latest report published early in December.
There are always some weather irregularities, but at this time the crops of 2018 look promising, the analysts said.
Markets reacted strongly to performance of the large new producers: after a record crop of 83 mln tonnes Russia will be the No. 1 wheat exporter of the world with 33 mln tonnes vs. 27 mln of the U.S. and 26 mln of the EU.
The US. remains the No. 1 in corn sales of 48 mln tonnes, however, Brazil with 35 mln and Argentina with 29 mln tonnes are gaining large shares of the world market.
Brazil is expected to ship 65 mln tonnes of soybeans, surpassing the US. by 3.0 mln tonnes. In Eastern Europe and South America, further production increases are forecast, on additional land and by higher yields.
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World: EU and world demand for feed barley surprises analysts
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EU domestic feed barley markets have been marked by farmers’ retention, a surprisingly large demand, particularly in the central feed industry region of South Holland/South Oldenburg, H. M. Gauger GmbH said in their December report.
Feed barley exports started badly, but have picked up recently following firmer price levels and a slowdown of exports from the Black Sea. French barley is the most competitive origin at present.
World demand is quite impressive. Algeria, Tunisia, Jordan and Saudi Arabia purchased 1.2 mln tonnes in November.
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China: Tsingtao, China Resources Beer shares jump on inaccurate report of beer prices hike
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Shares in Tsingtao, China’s best-known brewer internationally, jumped on January 5 following a report that it would raise prices as much as 20 per cent, even though the company dismissed it as inaccurate, the Financial Times reported.
The share price rose to 23 per cent in Hong Kong on January 5 before paring gains and closing 11 per cent higher, adding $814 mln to the company’s market capitalisation.
The surge followed a report by Beijing News that Tsingtao and other breweries had raised prices on some products by 10 to 20 per cent due to higher raw material and labour costs.
Hong Kong-listed China Resources Beer, the parent company of China Resources Snow Breweries which is China’s largest brewer by volume, rose as much as 11.8 per cent to a record high following the report.
However, Tsingtao said in a statement to the Hong Kong exchange after market close that media reports of substantial price increases were “inaccurate”. The company added that prices of some of its products would rise due to an increase in packaging costs, but not by more than 5 per cent on average.
Chinese beer companies generally specialise in cheaper brews, which they sell in large volumes. This model has come
...More info on site
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Japan: Japan’s beer prices expected to rise this year
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Higher distribution costs and a labour shortage coupled with rising raw materials are going to push up beer prices in Japan this year, The Drinks Business reported on January 5.
According to a report by NHK, Japan’s national public broadcasting organisation, four beer makers – Asahi, Kirin, Suntory and Sapporo – will raise beer prices in bottles and kegs this February. Wholesale prices of bottled beer are expected to rise by about 10%, it added.
It is unclear at present how much prices will go up for beer in kegs.
Japan is a major beer consumption country, ranked as the 6th biggest in the world in 2016. Last year, the country relaxed its regulation on ingredients allowed in beer production to allow fruits, spices and other ingredients.
In addition to beer, prices for rice and wheat are set to be hiked up as well, with three major milling companies raising wheat prices by 1 to 4%, starting from this week.
Consumers will also have to spend more on pre-cooked rice this year. The country’s packaged food company TableMark will raise its prices by as much as 17% in February.
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