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E-Malt.com Newsletter 04b
January 25 - January 28, 2018
Quote of the Week
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Henry Kissinger
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Currency Rates
Base Currency: US Dollar
on January 26, 2018 |
Base Currency: Canadian Dollar
on January 26, 2018 |
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1 USD = 0.8044 EUR
1 USD = 0.7020 GBP
1 USD = 1.2328 CAD
1 USD = 1.2388 AUD
1 USD = 109.0700 JPY
1 USD = 3.1436 BRL
1 USD = 55.9288 RUB
1 USD = 6.3284 CNY
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1 CAD = 0.8110 USD
1 CAD = 0.5694 GBP
1 CAD = 0.6524 EUR
1 CAD = 1.0047 AUD
1 CAD = 88.4600 JPY
1 CAD = 2.5496 BRL
1 CAD = 45.3457 RUB
1 CAD = 5.1325 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Barley production forecast to increase by 5% in 2018-19
...Click here
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USA: Constellation Brands brewing up growth regardless of slowing craft beer sales
...Click here
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USA, MI: Hillsdale Brewing Company finally open in Hillside
...Click here
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USA, SD: Spearfish Brewing to officially launch on February 2
...Click here
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USA, TX: Roadmap Brewing Co. planning to open in San Antonio this summer
...Click here
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USA, OH: Swine City Brewing to debut in Fairfield on January 28
...Click here
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USA, CA: Ballast Point to open a brewpub in Disneyland
...Click here
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USA, IL: Lake Zurich Brewing Company to be ready for opening in four to six weeks
...Click here
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USA, CA: St. Clair Brown winery to open own nano-brewery in Napa
...Click here
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USA, RI: Providence Brewing Company delays opening to this spring
...Click here
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World: Diageo reports 4.2% rise in organic net sales thanks to increased spending on marketing
...Click here
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Australia: Alcohol consumption decreasing nationwide during five years to 2016
...Click here
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Kenya: EABL’s revenues remain flat in the six months to December 2017
...Click here
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EU: EU markets seeing more interest in 2018 malting barley than in crop 2017
...Click here
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Zambia: Delta Corporation completes acquisition of controlling stake in National Breweries
...Click here
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Kenya: Kenya Breweries to recruit fifteen thousand new sorghum farmers to support new Kisumu plant
...Click here
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Graph of the Week
Table of the Week
German Hop Production 2013-2017
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
25 January
1853 - Basic financial disclosure becomes mandatory for all companies seeking to list their stock for trading on the New York Stock & Exchange Board
1919 - Founding of League of Nations
1959 - First transcontinental commercial jet flight (LA to NY for $301)
26 January
1871 - US income tax repealed
1886 - Karl Benz patents 1st auto with burning motor
1921 - Akio Morita, the co-founder of Sony Corp., is born in Nagoya, Japan
27 January
1880 - Thomas Edison patents electric incandescent lamp
1888 - National Geographic Society organizes
1926 - 1st public demonstration of television by John L Baird, London
2006 - Western Union discontinues its Telegram and Commercial Messaging services
28 January
1878 - 1st telephone exchange (New Haven, CT)
1878 - Yale Daily News published, 1st college daily newspaper
1998 - Michelangelo's "Christ & the Woman of Samaria", sold for $7.4 million
Agenda
January 2018:
23-24: BevExpo 2018 (Coventry, UK)
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)
16-18: Barcelona Beer Festival 2018 (Barcelona, Spain)
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:
16-18: Craft Beer China 2018 (Shanghai, China)
22-24: Beer 2018 (Sochi, Russia)
23-27: Latvia Beer Fest 2016 (Riga, Latvia)
31-02 June: Copenhagen Beer Festival 2018 (Copenhagen, Denmark)
June 2018:
06-09: Mondial de la Biere 2018 (Montreal, Canada)
07-08: The Brewers of Europe Forum 2018 (Brussels, Belgium)
20-22: Sea Brew 2018 (Manila, Philippines)
29-01 July: Mondial de la Biere 2018 (Paris, France)
August 2018:
03-05: The 22nd International Berlin Beer Festival (Berlin, Germany)
07-11: The Great British Beer Festival 2018 (London, UK)
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)
20-22: The Great American Beer Festival 2018 (Denver, USA)
22-07 October: Oktoberfest 2018 (Munich, 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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Canada: Barley production forecast to increase by 5% in 2018-19
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For 2017-18, Canada’s total barley supply decreased marginally to 10.2 million tonnes due to lower production, despite high carry-in stocks, Agriculture and Agri-Food Canada reported on January 25.
Total domestic use is forecast to increase by 5% to 6.16 mln tonnes due to higher feed and industrial use.
Total barley exports are forecast to increase by 5% to 2.45 mln tonnes due to the steady total supply and lower world supplies.
Canada’s barley carry-out stocks are forecast to decrease by 27% to 1.6 mln tonnes but will remain above the previous five-year average, the analysts said.
For 2018-19, the nation’s barley-seeded area is forecast to increase 7% from 2017-18 (to 2.5 mln ha) due to lower barley carry-in stocks.
Barley production is forecast to increase 5% to 8.3 mln tonnes due to the higher area and an average total yield.
Despite the higher production, lower carry-in stocks will cause total supply to decrease by 2% to 10.0 mln tonnes.
Total domestic use is forecast to increase by 3% to 6.35 mln tonnes due to slightly higher feed use in cattle and hog production.
Exports are forecast to decrease by 4% to 2.35 mln tonnes due to higher world supplies and
...More info on site
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USA: Constellation Brands brewing up growth regardless of slowing craft beer sales
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Craft beer sales in the US have slowed to a crawl and the overall beer industry remains stagnant, if not in decline, but Constellation Brands continues to brew up growth regardless, the Motley Fool reported on January 25.
The company was able to chart a path higher on the basis of its Mexican beer portfolio, which saw depletions jump 9% and drove 80% of total U.S. beer category growth. Even so, although beer represents nearly 60% of its total revenue and 80% of its operating profit, this was the first time in the past 10 quarters that Constellation didn't beat Wall Street expectations. While part of the decline was a result of exiting the Canadian wine business, it can't get past that it wasted money buying two craft breweries.
Constellation Brands no longer even talks about its craft-beer acquisitions. In 2015 it bought Ballast Point Brewing for $1 billion, and it used to extol how fast the acquisition was growing, though that seems to have been more about its being distributed to more markets than it was about actual organic growth. That realization hit hard last year, as sales suddenly slowed and forced Constellation to write down the carrying value of the
...More info on site
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USA, MI: Hillsdale Brewing Company finally open in Hillside
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After two and a half years, hundreds of hours of work, and many obstacles overcome, Hillsdale Brewing Company is finally open, the Hillside Collegian reported on January 25.
The restaurant officially opened for business at 25 Hillsdale Street on Jan. 22, featuring eight beers on tap, as well as a menu with pizzas, deli-style sandwiches, and soups.
The owners of the new restaurant are Roy and Felicia Finch, along with Cinda Conant. Kevin Conant is the owner of Here’s to You Pub and Grub, and is now a brewer at Hillsdale Brewing Company.
Roy Finch said the extensive renovations done to meet fire codes on the old Boyd Hotel, the stately building in which the brewery is located, is the reason the brewery took so long to open.
“We were kind of blinded by the building and overlooked how hard it would be to make this place work,” Roy Finch said. “Every time we had to adjust to meet one of the codes that was 5 or 10 thousand dollars. If we had bought a place uptown we probably would have been done a year or maybe a year and a half ago.”
A major setback occurred when an unmarked and broken sewage pipe delayed
...More info on site
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USA, SD: Spearfish Brewing to officially launch on February 2
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There will soon be a new spot to try locally-brewed beer in Spearfish: Spearfish Brewing officially opens to the public at 11 a.m. Friday, Feb. 2, the Black Hills Pioneer reported on January 25.
“We’re excited to become part of that (local) brewing community and really share our passion for it with Spearfish,” Jon Marek, general manager, said.
Sodak Brewing Company, LLC, the legal entity doing business as Spearfish Brewing, is owned by Ryan and Whitney Wordeman and Brian and Michela Meredith and was awarded a $100,000 Spearfish Economic Revolving Fund (SERF) loan for the purchase of production equipment in September. The program provides short-term, low-interest loans to manufacturers/service exporters expanding or relocating to Spearfish.
Wordeman, who bought the 14,000-square-foot lot that most recently housed the one-story Spearfish Plaza and parking area in July 2015, is building the approximately 23,000-square-foot commercial building on the southwest corner of Main Street and Jackson Boulevard. The brewery has been in the works for about two years, with space on the ground level built from the ground up with the intention of housing the brewery.
Nathan Venner, a Pierre native with 11 years of experience as a commercial brewmaster and 13 years in the brewing industry in
...More info on site
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USA, TX: Oddwood Ales aiming at spring opening
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Just when you thought Manor Road was fit to burst with local food and drink options, there’s now a brewery joining the quirky stretch of bars and restaurants in East Austin: the long-awaited Oddwood Ales, austin360 reported on January 24.
The brewpub, inspired by one of the co-owners’ time at Adelbert’s, will have funky house beers and a range of guest beers, as well as bar-style snacks and pizzas, served in a 2,500 sq. ft. “taproom that has a look and feel of a mountain cabin,” according to a press release.
Co-owners and brothers Taylor and Brett Ziebarth wanted the design of the space to nod to its name, teaming up with local firm OPA Design Studio (also behind Live Oak Brewing, Twisted X Brewing and Still Austin Whiskey Co.) to produce the wood-accented taproom.
And it sounds pretty rad.
“Channeling their name, Oddwood’s space will feature ten different (odd)wood species — from the huge wooden bartop to the tables — an upside-down tree chandelier, indigenous branches transformed into tap handles, as well as some ‘80s, inspired artwork and games,” according to the release.
Austinites will get to see this cabin-like place for themselves in the spring, once Oddwood is officially open just off
...More info on site
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USA, TX: Roadmap Brewing Co. planning to open in San Antonio this summer
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Dustin Baker sees a wave coming, and he’s paddling hard to get out ahead. San Antonio, he argues, is punching well below its weight class in its number of breweries, and he aims to help change that. Along with his wife, Hannah Baker, and parents, Scott and Joan Baker, he plans to open Roadmap Brewing Co. at 723 N. Alamo St. this summer, mySanAntonio.com reported on January 23.
“You’ll have a tough time convincing me the reason San Antonio only has eight or nine breweries is because the city doesn’t like beer,” said Baker, who relocated from Pittsburgh about two years ago. “When we first moved down here, we found plenty of beer lovers, but there wasn’t a ton of small, neighborhood breweries. The market just hasn’t exploded like it has in other cities, but it’s ready to.”
Roadmap will be built around a seven-barrel brewing system. About 10 beers will be on tap at any given time, with four flagships continuously available. Initially, Roadmap beers will be available exclusively at the brewery, but Baker does intend to distribute a number of kegs to other area watering holes in the future.
The Bakers are aiming for a June open. The building is undergoing
...More info on site
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USA, OH: Swine City Brewing to debut in Fairfield on January 28
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Swine City Brewing makes its debut this weekend in Fairfield, the Hamilton Journal News reported on January 24.
The new 5,000-square-foot venture at 4614 Industry Dr. is operated by owners Daniel and Debby Ebben, of Fairfield, plus brewer Justin Chaney and taproom managers Chris Schlitz and Jeffrey Herring.
Guests of the new brewery will be able to purchase one of a half-dozen different beers at the brewery’s launch: Raised on Promises (a blonde ale), This Is The New Stuff (a hazy IPA), Down Along the Creek (a Saison), Girl Got Reasons (a Gose), Foolish Lover’s Game (a Berliner Weisse), and Say it Loud! (a double-roasted coffee milk stout).
Swine City Brewing will launch operations with four 10-barrel tanks, one 15-barrel tank and three seven-barrel wine fermenters.
The brewery boasts a large indoor tasting room and a 1.6-acre outdoor area with a 2,600-square-foot patio.
The taproom has flatscreen televisions and seating for 80 people via hightops, bartops and picnic tables. There are also board games, live entertainment on certain nights and food trucks.
“Mostly it’ll be music, but we do plan on doing a trivia night, as well, and food trucks will be available at least Friday through Sunday, but we hope to book some during the
...More info on site
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USA, CA: Ballast Point to open a brewpub in Disneyland
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Disneyland is getting its own on-site brewery, Food & Wine reported on January 25.
No, unfortunately, it’s not literally in the theme park, giving you a chance to go on your own wild ride while the rest of the family goes on Mr. Toad’s. Instead, it will be found in the California resort’s public shopping area currently known as Downtown Disney District. And it won’t be selling Disney-branded beer like Dumbo’s DIPA or Kylo Ren’s Dark Side Stout (or at least, that’s not the plan for now). Instead, the facility will be run by the well-known Southern California-based brand Ballast Point. Still, opening a brewery in Mickey Mouse’s backyard shows just how massively mainstream the current brewing trend has gotten. (And might be making some of us who remember the big brewing crash of the late ’90s and early ‘00s a bit nervous.)
As you’d expect, this new brewery won’t be a full-on production facility. Instead, it will be a brewpub and restaurant featuring a three-barrel “research and development” system—meaning that much of the beer will likely be produced off premises by Ballast Point, which was bought by Constellation Brands back in 2015 and is currently listed as America’s 13th largest
...More info on site
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USA, IL: Lake Zurich Brewing Company to be ready for opening in four to six weeks
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Black Belt Brewery in Lake Zurich opened in 2016 and closed in 2017, but soon the dormant space will be producing beer once again for a new company.
Orland Park businessman Eric Burnson bought the brewery, and said in four to six weeks he'll be ready to open under a new name, Lake Zurich Brewing Company, the Chicago Daily Herald reported on January 25.
Burnson said he'd been looking to get into craft beer and when he heard Black Belt had gone under and was looking to sell its equipment, he pursued it.
"It is a good thing for us they were not in business for long. The equipment is very new," Burnson said.
Burnson's head brewer Jake Edwards previously worked at One Trick Pony Brewery in Lansing. Burnson said the brewery will have five or six employees at the beginning, which means visitors to the tap room will be able to meet them.
"Our tap room is a little bit smaller, so when we're not brewing we can open up part of the brewery," Burnson said. "Maybe we'll have picnic tables in there and people can have their beer and enjoy the space."
Initial offerings will include an IPA, a pale ale, a cream ale
...More info on site
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USA, CA: St. Clair Brown winery to open own nano-brewery in Napa
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St. Clair Brown, the first of its kind urban winery in Napa, California is announcing the launch of their nano-brewery, just four years after opening. Napa locals and co-founders Elaine St. Clair and Laina Brown proudly announced on January 24 that beer is now on tap in their Wine & Beer Garden two blocks from Main Street in downtown Napa, Brewbound reported.
To kick off the release of their new beer selections, St. Clair Brown is hosting a Grand Opening Celebration of their nano-brewery, scheduled for Sunday, February 11, 2018. The celebration will take place in their Greenhouse and will be open to the public. There will be live music and a food truck where all beers will be available for $5.
In a valley of palatial estate wineries, an urban winery is not a common occurrence. A winery and brewery is even less common. Add a greenhouse turned into a tasting room within a culinary garden in the middle of the city and you have the unique vision of co-owners Elaine St. Clair and Laina Brown. As an urban winery and brewery, St. Clair Brown is uniquely able to circumvent many of the county regulations put into place in the
...More info on site
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USA, RI: Providence Brewing Company delays opening to this spring
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Anyone anticipating grabbing a beer in the lower level of 1920 Mineral Spring Ave., North Providence will have to wait a bit longer, as the opening of the Providence Brewing Company has been delayed again, the Valley Breeze reported on January 23.
Owner Efren Hidalgo said Providence Brewing should now be open for the spring. The brewery will not be represented at this weekend’s Rhode Island Brew Fest in Pawtucket, he said. “Our contractors missed their deadlines, and we weren’t able to get the equipment ready for us to start brewing,” he said. “We’re hoping that by the end of the month we will be starting some initial brewing.”
Hidalgo said it’s not a good feeling knowing you can start brewing at any moment but can’t “because no one has done their job.”
“Frustrating, really,” he said. “This is the kind of thing that you hear nightmare stories about and say that it’ll never happen to you, and then it does.”
Most of the construction at the facility has been completed and equipment is in place. The brewery is still waiting on licenses from the state.
The Breeze reported last August that Hidalgo was weeks away from opening, but that timeframe kept being pushed back.
...More info on site
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World: Diageo reports 4.2% rise in organic net sales thanks to increased spending on marketing
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Sales driven by increased spending on marketing helped Diageo, the world’s largest spirits company, to report better-than-expected first-half results, Reuters reported on January 25.
But
...More info on site
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Australia: Alcohol consumption decreasing nationwide during five years to 2016
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Beers and backyard cricket may be synonymous with Australia Day, but it seems some party traditions are less popular than thought.
Alcohol consumption has been
...More info on site
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Kenya: EABL’s revenues remain flat in the six months to December 2017
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East African Breweries Limited's (EABL) parent company Diageo has disclosed revenues for the six months to December have remained flat as political uncertainty arising
...More info on site
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EU: EU markets seeing more interest in 2018 malting barley than in crop 2017
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EU malting barley crop 2017 is still being quite neglected whereas crop 2018 has been more active this week, GrainCom reported in their bi-weekly
...More info on site
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Zambia: Delta Corporation completes acquisition of controlling stake in National Breweries
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Delta Corporation says it has completed the acquisition of a controlling stake in Lusaka Stock Exchange-listed beer company, National Breweries PLC (Natbrew). Ronny Palale, a chartered accountant with vast experience in the beverages manufacturing industry, will lead the Zambian outfit, businessdigest reported on January 25.
Last year, Delta announced it was set to complete the acquisition of a controlling stake in Natbrew of Zambia from its parent company Anheusur-Busch InBev SA/NV (AB InBev), subject to regulatory approvals during this year’s Q1.
Delta reportedly snapped up an estimated 44,1 million shares from AB InBev SA/NV to acquire a controlling stake in Natbrew at an estimated cost of US$12 298 639,32, with a single share going for approximately US$,028.
Acquiring a controlling stake in Natbrew is part of Delta’s long-term strategy to boost its diversified beverages business by making forays into the regional market. Natbrew, which markets its products under the Chibuku brand, is the leading opaque beer manufacturer in Zambia.
Through correspondence in possession of businessdigest, Delta Corporation operations director Etherton Mpisaunga notified local staff that the acquisition of the Zambian brewery had been finalised and Palale, who will spearhead growth of the outfit, would still “report” to him.
Prior to assuming his new position
...More info on site
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Kenya: Kenya Breweries to recruit fifteen thousand new sorghum farmers to support new Kisumu plant
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Kenya Breweries plans to recruit fifteen thousand new sorghum farmers to support the expected growth in demand for the produce at the new Kisumu plant currently under construction, the Kenya Broadcasting Corporation reported on January 26.
Kenya Breweries Managing Director Jane Karuku says this will be done under the Mtama ni Mali Project which targets farmers in arid and semi-arid areas.
This emerged as East Africa Breweries announced an 11 percent reduction in half year net profit to 4.95 billion shillings with the brewer recommending an interim dividend of two shillings per share.
Kenya Breweries is currently working with 34,000 local sorghum farmers and 900 barley farmers contributing 80% of raw materials.
The brewer is seeking to source all its sorghum and barley from Kenya by the year 2020.
On average, the brewer pays out Ksh 1.7B annually to contracted barley farmers and an additional KES 660M to sorghum farmers.
With the brewer currently constructing a KES 15b plant in Kisumu, the firm is seeking new partnerships with farmers in arid and semi-arid areas.
It plans to entice farmers to sign supply contracts by offering them extension services and farm inputs.
KBL is East African Breweries Limited’s largest profit contributor at 75%. This is expected to steadily increase
...More info on site
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