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E-Malt.com Newsletter 05b
February 01 - February 04, 2018
Quote of the Week
Nothing ever tasted better than a cold beer on a beautiful afternoon with nothing to look forward to than more of the same.
Hugh Hood
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Currency Rates
Base Currency: US Dollar
on February 02, 2018 |
Base Currency: Canadian Dollar
on February 02, 2018 |
| |
1 USD = 0.8030 EUR
1 USD = 0.7028 GBP
1 USD = 1.2297 CAD
1 USD = 1.2455 AUD
1 USD = 109.4400 JPY
1 USD = 3.1766 BRL
1 USD = 56.2613 RUB
1 USD = 6.2944 CNY
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1 CAD = 0.8131 USD
1 CAD = 0.5715 GBP
1 CAD = 0.6529 EUR
1 CAD = 1.0127 AUD
1 CAD = 88.9900 JPY
1 CAD = 2.5829 BRL
1 CAD = 45.6283 RUB
1 CAD = 5.1179 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Beer industry’s first round of consolidation is largely over - analysts
...Click here
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USA, OH: Platform Beer Co.’s fifth location in Over-the-Rhine to focus on barrel-aged beers
...Click here
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USA, ID: Bear Island Brewing Co. obtains permission to open its brewery in Boise
...Click here
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USA, IN: Hop River Brewing Co. to open its doors in Port Wayne on Saturday, February 3
...Click here
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USA: Constellation Brands prices public offering of $1.9 bln Senior Notes
...Click here
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Canada, ON: Trail’s End Brewing to launch its first brand this coming weekend
...Click here
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USA, CA: Anchor Distilling rebrands as Hotlaing & Co
...Click here
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USA, TN: Crosstown Brewing Company formally launches its brand in Memphis
...Click here
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Germany: German brewers see beer sales fall both at home and abroad
...Click here
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Turkey: Anadolu Efes domestic beer sales hit by rising trend of brewing at home
...Click here
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India: United Breweries’ standalone net profit declines 2.28% in the quarter to December 2017
...Click here
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Vietnam: Government preparing to sell less than 5%of its share in Habeco
...Click here
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EU: It is very wet in Western Europe but there still is time until barley sowing
...Click here
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Nigeria: Things happening fast in Nigeria’s beer market
...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
01 February
1788 - 1st US steamboat patent issued, by Georgia to Briggs & Longstreet
1884 - 1st volume of the Oxford English Dictionary, A-Ant, published
1898 - 1st auto insurance policy in US issued, by Travelers Insurance Co
1968 - World trade conference Unctad 2 opens in New Delhi
02 February
1914 - The Hong Kong Stock Exchange (formerly the Association of Stock Brokers in Hong Kong) is established
1947 - Edwin H. Land, founder of Polaroid Corp., demonstrates the instant camera to 650 scientists assembled at the annual meeting of the Optical Society of America
1995 - Barings Bank, one of the oldest and most distinguished investment banks in the world, declares bankruptcy after rogue trader Nick Leeson loses more than $1.4 billion on unauthorized (and apparently unsupervised) trades in Japanese stock futures
03 February
1690 - 1st paper money in America issued (colony of Mass)
1815 - World's 1st commercial cheese factory established, in Switzerland
1995 - Astronaut Eileen Collins becomes the first woman to pilot the Space Shuttle
2015 - For $15 million, the United States purchases the entire territories of Arizona, California, New Mexico, and Texas, along with parts of Colorado, Nevada, and Utah, from Mexico under the Treaty of Guadalupe Hidalgo
04 February
1847 - 1st US telegraph company established in Maryland
1874 - Robert Liefmann, German economist is born
1917 - Belgium Council of Flanders established
1957 - 1st electric portable typewriter placed on sale (Syracuse NY)
2004 - Facebook, a mainstream online social networking site, is founded by Mark Zuckerberg
Agenda
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)
10-13: The 1st ​International Brewing Symposium on Malt Flavor and Aroma in Beer (Roseville, MN, USA)
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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USA: Beer industry’s first round of consolidation is largely over - analysts
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The beer industry’s first round of consolidation is largely over as macro US brewers have slowed their pace of craft brewery acquisitions, making way for other types of deals that offer small brewers new paths forward, says Rabobank.
While craft beer brands are still registering consistent steady growth of roughly 5%-6%, the years of double-digit gains appear to be over and competing on price will become an important “strategic lever,” Rabobank senior beverages analyst, Jim Watson, says.
“Price competition in craft still isn’t as explicit, but it’s definitely increased,” Watson told BeverageDaily, adding that new, smaller craft beer brands are using price as one of their major selling points to crack into the market.
“We believe craft brewers need partners in order to survive in this new market.”
Recent deals including minority stake investments, cross-country craft alliances, and private equity deals are positioning small brewers for future growth while keeping their craft credibility intact, according to Rabobank.
“The competing forces of local vs. scale are seemingly at odds, but breweries are finding many ways around the contradiction,” Watson continues.
Deals such as Spanish brewer Mahou San Miguel’s 30% stake in Avery Brewing Co. and Founders Brewery Co. help support
...More info on site
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USA, MA: Two new breweries coming to Weymouth
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Plans are taking shape for two new brew houses and taprooms to open in Weymouth, adding to the craft beer boom currently underway on the South Shore, The Patriot Ledger reported on January 31.
Article Fifteen Brewing Company plans to open a 2,400-square-foot microbrewery in the space previously used by Brewster Ambulance at 835 Washington St. early this summer.
Owner Leo Reardon previously brewed his beer at a cooperative style brewery in Norwood, but wanted to branch out on his own. Reardon said his fiancée is a paramedic with Brewster Ambulance, and they saw the former ambulance bay as the ideal spot to get started.
“It’s owned by George Brewster, and he’s a big supporter of ours,” Reardon said.
A Canton firefighter and paramedic, Reardon said he first got interested in brewing beer when he was stationed in Germany as a U.S. Army medic.
“Beer is brewed locally there and each town has their own brewery, so it became a passion of mine,” he said. “Breweries have become a local space to come together instead of going to a seedy dive bar.”
Reardon said Article Fifteen is in reference to a process from the Uniform Code of Military Justice that typically occurs when a member of
...More info on site
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USA, OH: Platform Beer Co.’s fifth location in Over-the-Rhine to focus on barrel-aged beers
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Over-the-Rhine is getting a new craft brewery, WCPO reported on February 1.
Cleveland-based Platform Beer Co. will open its fifth location with a special focus on barrel-aged beers at 1201 Main St. this summer, according to Platform co-founder Justin Carson.
A grand opening date will be announced within the next few months, he said.
"We're really trying to focus on the barrel-aged side of things," Carson said. "We'll kind of be walking a consumer through barrel aging."
The Over-the-Rhine location is a new concept for Platform Beer, which opened its first tap room in July 2014. The 2,500-square-foot, two-story Cincinnati brewery will be called LOCOBA by Platform. LOCOBA is short for Local Coffee Barrels. Carson said customers will be able to taste whiskey from barrels that Platform reuses to age its imperial stout beer, which will be brewed on site and aged for eight months to a year.
"On site, you'll then be able to taste that imperial stout and the whiskey flavor it picks up from the barrel," he said.
Platform also has partnered with Coffee Emporium. The local coffee distributor is using the brewery's barrels to soak coffee beans for coffee that will be sold at LOCOBA.
"Those beans will pick up
...More info on site
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USA, ID: Bear Island Brewing Co. obtains permission to open its brewery in Boise
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Bear Island Brewing Co. obtained Boise City Council permission on January 30 to turn the Boise Fire Department’s former Firehouse No. 6 on Liberty Street just north of Fairview Avenue into a brewery with a taproom and other space, the Idaho Statesman reported.
The company, run by husband and wife Beth and Steve Bechtel, both Navy veterans, plans to add two garage doors to the west side of the building, “bringing back the original appearance and appeal,” according to a letter CEO Beth Bechtel wrote to the city. Other than that and a few new windows or doors, the building won’t change much, according to the letter.
“Our ultimate goal is to become the ‘neighborhood’s living room’ and therefore a community gathering place,” Bechtel wrote. “We will create a comfortable location for our neighborhood with multiple beverage options such as our beer, local wine, local cider, and non-alcoholic beverages such as soda pop, coffee and tea.”
The old fire station sits behind a Jackson’s convenience store on the northeast corner of Liberty and Fairview. If the plan becomes a reality, brewing equipment will be placed in the bays where fire trucks originally parked, according to Bechtel’s letter. A building east of the main
...More info on site
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USA, IN: Hop River Brewing Co. to open its doors in Port Wayne on Saturday, February 3
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From the community tables to a menu with shareable plates, the team at Hop River Brewing Co. is hoping to create a sense of community, the Fort Wayne Journal Gazette reported on January 31.
The brewery, which is in the heart of Port Wayne's riverfront development plan on North Harrison Street, will open on February 3. The grand opening, which will be from noon to 12:30 a.m., will feature raffles, cornhole and the chance to check out the brewhouse.
“We want people to be able to create memories and get to know each other and make friends,” says Mary Corinne Lowenstein-DeGood, director of marketing and human resources.
The menu created by Zach Croy, who helped launch Bravas and interned at Joseph Decuis, features shareable plates, soups, salads and sandwiches.
Lowenstein-DeGood says Croy and the team are aware of various dietary needs, and the menu is vegan and vegetarian friendly with gluten-free options. It's also family friendly.
There will likely be two soups on the menu, one of which will be vegetarian or vegan. The salads might include a composite salad with a quinoa base.
But even with a strong craft-kitchen program, Hop River is hoping to fit in a niche in the city, “knowing that we're
...More info on site
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USA: Constellation Brands prices public offering of $1.9 bln Senior Notes
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Constellation Brands Inc., a leading US alcohol beverage company, said on February 1 it had priced a public offering of $1.9 billion aggregate principal amount of Senior Notes, consisting of:
(i) $600.0 million of 3.200 percent Senior Notes due 2023 (the “2023 notes”) for a public offering price of 99.907 percent of the principal amount of the 2023 notes;
(ii) $700.0 million of 3.600 percent Senior Notes due 2028 (the “2028 notes”) for a public offering price of 99.807 percent of the principal amount of the 2028 notes; and
(iii) $600.0 million of 4.100 percent Senior Notes due 2048 (the “2048 notes”) for a public offering price of 99.656 percent of the principal amount of the 2048 notes (collectively, the “notes”).
The notes will be senior obligations that rank equally with all of Constellation’s other senior unsecured indebtedness, and will be guaranteed by the subsidiaries of Constellation that are guarantors under Constellation’s senior credit facility.
Closing of the offering is expected to occur on Feb. 7. Constellation intends to use the net proceeds from the offering to redeem prior to maturity its outstanding 6.000 percent Senior Notes due 2022 in the aggregate principal amount of $600.0 million and for general corporate purposes.
Merrill Lynch, Pierce, Fenner
...More info on site
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Canada, ON: Trail’s End Brewing to launch its first brand this coming weekend
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A brewery focused on “celebrating German styles of beer, investing in our local community, and having a venue for fun, friends, and family” has announced that it will be launching its first brand this coming weekend in Waterloo, Canadian Beer News reported on January 31.
Trail’s End Brewing is entering the market with Grand Valley Pilsner, which is currently being brewed under contract while scouting is underway for a permanent location.
The beer was previewed at several events and festivals last year in advance of this official launch, and is described as follows:
“Inspired by the simplicity and purity of the German brewing tradition and the rich heritage of Kitchener/Waterloo, we’ve strived to create a beer that is classic, yet unique. Using only 4 natural ingredients found as locally as possible, we then aged it for sooooo long, creating a beer with a malty punch and an über clean finish.”
The launch party for Grand Valley Pilsner will take place at Beertown Waterloo on Saturday February 3rd from 4:00 to 8:00 PM.
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USA, CA: Anchor Distilling rebrands as Hotlaing & Co
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Anchor Distilling, formerly the spirits arm of famous San Francisco’s Anchor Brewing, has “reconnected with its roots” and been renamed Hotlaing & Co, it has been announced.
Anchor Brewing was acquired by Japanese beer giant Sapporo in August last year with Anchor Distilling becoming independent under the ownership of Tony Foglio and UK fine wine merchant Berry Bros & Rudd.
Now separate from Anchor Brewing trademarks necessitated the change of name and the spirits producer has taken inspiration from its small batch whiskey range – ‘Old Potrero Hotaling’s’ – which was named after AP Hotaling who came out west during the Gold Rush of 1849 and became one of San Francisco’s most reputable spirits dealers, The Drinks Business reported on February 2.
CEO Dennis Carr explained: “The Hotaling name pays tribute to our organisation’s past as it has been the name of our rarest and most sought-after expression of Old Potrero Whiskey, Hotaling’s, and celebrates our connection with San Francisco.”
The company also announced it would be moving its offices, distillery and tasting room to a new location in San Francisco soon.
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USA, TN: Crosstown Brewing Company formally launches its brand in Memphis
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Ahead of the opening of its taproom in a few weeks, Crosstown Brewing Company has started sending its beers to bars and restaurants in Memphis as the new brand formally launches in the market, the Memphis Daily News reported on February 2.
The brand has been in the works in some form or fashion since the beginning of 2015. That’s when co-founders Will Goodwin and Clark Ortkiese launched a Facebook page for their craft beer brewery, the first post for which was simply the brand’s logo. It generated a flood of interest, which then translated into support for a Kickstarter campaign to raise funds - more than $28,000.
Those Kickstarter backers - who gave $50 or more - are getting an early look at Crosstown Brewing’s taproom at an event on Feb. 10, from 6 p.m. to 10 p.m. It will be a gathering for checking out the space, tasting the beers and meeting other early supporters in advance of the grand opening on Feb. 16.
“Our taproom is nearly finished - we’re close, and every day we get closer,” Ortkiese said. “We promised when we did our Kickstarter two years ago that the Kickstarter party would be the first event we have
...More info on site
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Germany: German brewers see beer sales fall both at home and abroad
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Germany’s beer sales continued their long-term decline last year as the effects of a short-term spike driven by the country’s 2014 soccer World Cup
...More info on site
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Turkey: Anadolu Efes domestic beer sales hit by rising trend of brewing at home
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The rising trend among Turks brewing alcoholic drinks at home has hit sales of a range of drinks in the country, including beer, the
...More info on site
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India: United Breweries’ standalone net profit declines 2.28% in the quarter to December 2017
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United Breweries Ltd (UBL) on February 2 reported a 2.28 per cent decline in its standalone net profit to Rs 47.38 crore for the
...More info on site
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Vietnam: Government preparing to sell less than 5%of its share in Habeco
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Vietnam's government is preparing to sell more shares in the country’s third largest beer company Habeco, but is unwilling to give up its majority
...More info on site
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EU: It is very wet in Western Europe but there still is time until barley sowing
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It is still very wet in Western Europe and the fields are quite under water. Of course there is still plenty of time for spring sowings, but for the moment it is just not possible, GrainCom analysts said in their last newsletter on February 2.
In France planting delays are likely. Farmers will not be much interested to sell their spring crops before plantings. There was some buying activity left and right in the last days. Potentially it might be difficult to get support from first hand sellers for the next round of buying, the analysts said.
EU feed barley prices are well supported in France and Germany due to ongoing buying interest and thin supply on the offer side. Although prices have slightly eased following the decrease in Euronext wheat, the premiums for feed barley remain strong.
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Nigeria: Things happening fast in Nigeria’s beer market
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With a market share of 9%, Nigeria’s beer market has been rated one of the 10 fastest growing beer markets in the world. Raheem Akingbolu in a report by Thisday Newspapers on February 1 looks at the competition in the market and emerging trends.
Like in the game of football, where players make frantic efforts to score goals, things are happening fast in the Nigerian beer market. Until recently, the duel was well pronounced between Nigerian Breweries Plc and Guinness Nigeria. But since 2011, when SABMiller, one of the world’s top brewers, acquired majority share in the International Breweries Ilesa, manufacturers of Trophy Larger and also took control of the ownership of Hero, a popular brand in the Eastern market, the game has changed.
Within three years of the acquisition, top strikers in the nation’s beer market were not only tackled by Trophy and Hero, the two brands assumed good positions among the low to middle class consumers, the largest segment of beer consumers in the country. A development, which sent handlers of the existing market leaders back to drawing board for strategies that could help them control their slowing market share. To this end, industry watchers have consistently argued that the
...More info on site
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