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E-Malt.com Newsletter 06a
February 05 - February 07, 2018
Quote of the Week
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Currency Rates
Base Currency: US Dollar
on February 07, 2018 |
Base Currency: Canadian Dollar
on February 07, 2018 |
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1 USD = 0.8079 EUR
1 USD = 0.7170 GBP
1 USD = 1.2530 CAD
1 USD = 1.2702 AUD
1 USD = 109.1500 JPY
1 USD = 3.2543 BRL
1 USD = 57.2196 RUB
1 USD = 6.2822 CNY
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1 CAD = 0.7980 USD
1 CAD = 0.5721 GBP
1 CAD = 0.6447 EUR
1 CAD = 1.0136 AUD
1 CAD = 87.1000 JPY
1 CAD = 2.5969 BRL
1 CAD = 45.6224 RUB
1 CAD = 5.0131 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, WI: Two breweries on track to open in Menomonie this summer
...Click here
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USA, IL: Chain O’ Lakes Brewing Co. to reopen under new ownership as McHenry Brewing Co.
...Click here
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USA, MA: Lost Shoe Brewing and Roasting Company coming to downtown Marlborough
...Click here
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USA, ME: Corner Point Brewing Co. aiming at June opening in Berwick
...Click here
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USA, WI: Eagle Park Brewing Co. to move operations to former Like Minds Brewing facility
...Click here
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World: Carlsberg’s 2017 net profit hit by Russian market curbs
...Click here
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Japan: Kirin Holdings’ operation profit for last year likely up 10%
...Click here
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Japan: Asahi Group lifts 2017 net profit forecast thanks largely to its European brands
...Click here
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India: Carlsberg reports 2% volume decline in India due to taxes and highway sales ban
...Click here
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China: AB InBev opens brewery to produce craft beers in Wuhan
...Click here
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Greece: Carlsberg acquires remaining 49% of Greece’s Olympic Brewery
...Click here
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UK: UK farmers seeing good returns on malting barley
...Click here
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Thailand & Vietnam: Forecast for ThaiBev’s profits trimmed down by 3% on Sabeco acquisition
...Click here
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The Czech Republic: Budějovický Budvar to invest 600 mln crowns into production and development
...Click here
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Turkey: Anadolu Efes head denies suggesting higher taxes for homebrewed beer
...Click here
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Ghana: Accra Brewery Limited to inaugurate new packaging line later this year
...Click here
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Australia: Scottish craft brewer BrewDog announces location for Australian brewery
...Click here
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Graph of the Week
Table of the Week
Africa Beer Production by Country 2007 - 2017s
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
05 February
1817 - 1st US gas co incorporated, Baltimore (coal gas for street lights)
1850 - Adding machine employing depressible keys patented, New Paltz, NY
1878 - Andre-Gustave Citroen is born, France, auto maker
1997 - The so-called Big Three banks in Switzerland announce the creation of a $71 million fund to aid Holocaust survivors and their families
06 February
1953 - US controls on wages & some consumer goods were lifted
1964 - France & Great-Britain sign accord over building channel tunnel
1974 - Dutch speed limit set at 100 km due to oil crisis
07 February
1639 - Academie Francaise begins Dictionary of French Language
1804 - John Deere is born, pioneer manufacturer of agricultural implements
1935 - Monopoly, board game invented by Charles Darrow symbol Rich Uncle Pennybags
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
USA: US hop production up dramatically since 2012
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Production of hops has grown dramatically in the United States since 2012, and no more acreage is needed to meet the demand for the plant that flavors beer, US News & World Record reported on February 6.
That's according to a new report from the Yakima-based trade group Hop Growers of America.
Most of the nation's hops are grown in Washington, Idaho and Oregon.
The report says the U.S. has hit a saturation point with production of 104 million pounds last year.
The report says that's a 77 percent increase from 2012.
The report also found that Idaho has surpassed Oregon to become the second-highest hop producing state at 13 percent of the crop. Washington grows 75 percent and Oregon 11 percent.
While global hop demand appears to be on the rise thanks to burgeoning international craft beer cultures, many industry leaders cautioned against additional acreage being added in the U.S. for the 2018 crop. All key indicators suggest current aroma hop demand has largely been satisfied by the unprecedented expansion of U.S. acreage in recent years.
Conversely, many reports also indicate current global alpha inventories are insufficient for market demands as the global brewing industry has finally worked through decade-long surpluses, which had perpetually depressed the
...More info on site
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Canada: Barley stocks drop 6.1% last year
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Canada’s stocks of canola at the end of 2017 hit a record high 14.1 million tonnes, while stocks of wheat and barley were smaller compared to the same date a year earlier, according to a farm survey by Statistics Canada released on February 5.
According to Statistics Canada, the nation’s barley stocks as of December 2017 were 6.068 mln tonnes versus 6.462 mln in December 2016 (-6.1%).
The survey of 9,064 Canadian farms was conducted from Jan 3 to 15, 2018.
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USA, WI: Two breweries on track to open in Menomonie this summer
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A pair of breweries are on track to open this summer in downtown Menomonie with one moving into a former railroad depot and the other into a former auto shop, the Leader-Telegram reported on February 3.
Brewery Nonic will be operating from within Menomonie’s former railroad depot, which is currently being restored. Ryan Verdon and Dan Fedderly are pursuing the buildings historic registry as well.
“I’ve been keeping my eye on the depot building for a long time,” Fedderly said.
He said the building has been standing since 1905 and the plan is to restore the historic architecture, but brew and serve inside. The restoration is expected to wrap up by this spring and the business could open early this summer. Fedderly estimates the restoration will cost more than $200,000.
Verdon said the name “Nonic” is an English-style pint glass. The glass is distinct for its bulge near the top. He said that it’s a style of drinkware he is fond of and he also simply likes the name.
The plan is to have eight taps and two cask engines. Beer served from a cask engine involves pumping the beer out without nitrogen or carbon dioxide pressure. Verdon plans to brew all of the beer
...More info on site
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USA, IL: Chain O’ Lakes Brewing Co. to reopen under new ownership as McHenry Brewing Co.
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Chain O’ Lakes Brewing Co. in McHenry has closed, but its new owner plans to reopen under a different name in the spring, the Northwest Herald reported on February 5.
Curt and Linda Ames reopened the historic brewery – which formerly operated as McHenry Brewing Co. – in 2012 and have sold it to Bob Master, who worked at Chain O’ Lakes for three years.
Master, of Woodstock, plans to revert the company to its old name and focus on the history of the space as he completes renovations, he said.
“I will take a historical approach when decorating the tap room, looking to commemorate the state bicentennial and the city’s history,” he said in a note to McHenry City Council members.
The building, 3425 Pearl St., was built in the 1880s. Ames will continue to own the property and rent the space to Master, according to city documents.
“This has been my goal since I got into the industry,” Master said. “I have always wanted to own my own brewery.”
There are several outstanding licenses, but Master said he hopes to reopen the space as McHenry Brewing Co. by St. Patrick’s Day.
McHenry City Council members will consider the transfer of the Chain O’ Lakes liquor
...More info on site
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USA, MA: Lost Shoe Brewing and Roasting Company coming to downtown Marlborough
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Lost Shoe Brewing and Roasting Company, a craft brewery and coffee roastery, plans to open its doors this summer in Downtown Marlborough. The husband and wife team of Melynda and JP Gallagher say they are excited to bring new life to the city and hope to attract both locals and first-time visitors to the downtown area, The Marlborough Patch reported on February 2.
"There is so much going on in Marlborough and as residents of the city we are committed to our community. We want to help create a downtown that people are excited about," said JP in a statement.
JP, a recent graduate of the American Brewers Guild, plans to offer a variety of rotating beer styles, with traditional Belgian and German styles featured along with more experimental beers including New England IPAs and stouts brewed with coffee. Melynda, who studied at the Coffee Lab International, plans to highlight single origin roasts from all over the world using various brewing methods including pour over, espresso, and cold brew. The duo plans to incorporate both brews together in less traditional ways as well.
An onsite taproom will incorporate elements that highlight the city's history as a shoe manufacturing hub. Traditional bar seating and
...More info on site
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USA, ME: Corner Point Brewing Co. aiming at June opening in Berwick
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Two Mainers are transforming part of a historic Berwick building into a brewery, WGME reported on February 5.
Jamie Blood has been brewing beer for years. It started as a hobby when the Berwick native was living in New Mexico.
"First batch of beer we made, it was with a friend of mine down there, made it together, it was awful," Blood says, "So we were determined to try not to repeat it so we went down and bought a little bit of equipment about two weeks later, we brewed another batch and I was hooked."
After a few more batches, his brother-in-law Jeff Tassinari tasted potential.
"So I encouraged him to make sure that if he ever moved back to Maine, that I'd love to start brewing with him," Tassinari says.
Blood did move back to Maine and they created Corner Point Brewing Co. A Kickstarter campaign raised more than $15,000 so they could go from home brewing to brick and mortar.
"I wasn't back here very long and I read in an article in a local newspaper, the title of the article was 'Berwick, a town beer can save'," says Blood.
It was a sign and soon they found the 19th-century property at 1 Sullivan
...More info on site
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USA, WI: Eagle Park Brewing Co. to move operations to former Like Minds Brewing facility
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According to information released on February 5, the Bay View based brewery, Eagle Park Brewing Co., is slated to move its brewing operations into the former Like Minds Brewing Co. space at 823 E. Hamilton St. in Milwaukee. Provided the move goes as planned, the brewery will open by the end of March, OnMilwaukee.com reported.
Like Minds Brewing Co., meanwhile, is laying the groundwork to move into a new location in Bay View.
The brewery, owned by brothers Jack and Max Borgardt and Jake Schinker, was founded in 2015 and has operated its pilot brewery, where recipes are tested and vetted, and tasting room in the Lincoln Warehouse since January 2017. Meanwhile, the beer has been brewed offsite by a local contract brewer.
The acquisition of the assets at the former Like Minds location will allow Eagle Park to bring its beer production in-house, facilitating an expansion of its portfolio, which, moving forward, is expected to include barrel-aged brews. The new location will also feature an expansive tap room (five times the size of the location in Bay View) complete with a full chef-driven menu.
"We are more than just a little excited about our plans for expansion," said Max Borgardt in a statement
...More info on site
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World: Carlsberg’s 2017 net profit hit by Russian market curbs
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Attempts by Russia to curb alcohol abuse, including limiting the size of plastic beer bottles, hit sales of Danish brewer Carlsberg and pushed its
...More info on site
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Japan: Kirin Holdings’ operation profit for last year likely up 10%
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Kirin Holdings' operating profit for the year ended in December appears to have grown 10% to a record 155 billion yen ($1.41 billion), supported
...More info on site
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Japan: Asahi Group lifts 2017 net profit forecast thanks largely to its European brands
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Asahi Group Holdings expects a 141 billion yen ($1.29 billion) group net profit for 2017 in upgraded projections announced on January 30, up 58%
...More info on site
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UK: Beer sales in pubs and bars down 2.4% in 2017
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Volume sales of beer in Britain’s pubs and bars fell by 2.4% in 2017, equating to almost 88 mln fewer pints sold in pubs
...More info on site
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India: Carlsberg reports 2% volume decline in India due to taxes and highway sales ban
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Danish brewer Carlsberg said the new goods and services tax and highway ban resulted in a 2% decline in volume in India, the Economic
...More info on site
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China: AB InBev opens brewery to produce craft beers in Wuhan
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Even during the freezing winter months, nothing seems to stop Chinese beer lovers from grabbing cold brew from the fridge and enjoying a spicy hotpot or barbecue dinner with friends, The Straits Times reported on February 5.
China has grown to become the world's largest consumer market for beer and people nowadays have more diversity than ever to meet their ever-growing tastes. Whether you fancy a glass of the Chinese staple, Tsingtao, or prefer a flavoured Indian Pale Ale (IPA) imported from Britain, there are always pubs, bars and online stores offering a multitude of different beer options.
And late in January, a new brewery opened in China by Anheuser-Busch InBev looks set to bring the art of craft beer-making even closer to Chinese consumers.
The central city of Wuhan, Hubei province, was selected by the world's largest brewer as the site for its new brewery dedicated solely to making craft beer, the first of its kind in the Asia-Pacific region.
ZX Ventures, the craft beer division of AB InBev, opened the doors to the new facility in Wuhan last week, where it began to produce tipples from three of its leading breweries - Goose Island, Boxing Cat and Kaiba. The classic Goose IPA
...More info on site
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Greece: Carlsberg acquires remaining 49% of Greece’s Olympic Brewery
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Carlsberg has strengthened its position in Southern Europe after taking full control of Greece's Olympic Brewery, Kathimerini reported on February 6.
The Danish brewer has
...More info on site
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UK: UK farmers seeing good returns on malting barley
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UK farmers are seeing good returns on malting barley, helped by firm premiums on top of a world barley price which has been supported
...More info on site
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Thailand & Vietnam: Forecast for ThaiBev’s profits trimmed down by 3% on Sabeco acquisition
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UOB Kay Hian, a Singapore-based, global investment bank, trimmed down its forecast of Thai Beverage Public Company Limited's (ThaiBev) profits by 3% after its
...More info on site
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The Czech Republic: Budějovický Budvar to invest 600 mln crowns into production and development
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The state-owned brewery Budějovický Budvar will invest 600 million crowns into production and development, news site iDnes reports, citing spokesman Petr Samec.
According to the daily, new investment will go towards a new logistics centre and a new production line for its bottled beer.
The spokesman told the daily, that the brewery was almost at full production capacity currently.
Last year, the firm invested 700 million crowns and by 2020 the sum will be two billion crowns.
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Turkey: Anadolu Efes head denies suggesting higher taxes for homebrewed beer
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The head of Turkey’s top brewery Anadolu Efes has said he had not suggested a tax for “homebrewed beer,” adding that this trend is actually good in order for the beer industry to achieve further growth, the Hurriyet Daily News reported on February 2.
The rising trend among Turks brewing alcoholic beverages at home has hit the sales of a range of drinks in the country, including beer, Anadolu Efes Chair Tuncay Özilhan was quoted as telling a group of journalists in Frankfurt.
He was also quoted to have said this trend has led to a significant decline in tax income, adding that they have shared their views on this issue with authorities.
In a statement on Feb. 2, Özilhan said he had actually mentioned the negative impact on human health from high taxes on alcoholic beverages, as they have led to a significant increase in counterfeit beverage production.
“This dangerous trend has put people’s health at risk and has led to serious tax income. This was actually what I wanted to underline,” Özilhan noted.
He added that he did not mean anything negative by pointing out the rising trend of homebrewed beer in Turkey.
“As Anadolu Efes, we have given great importance to the spread
...More info on site
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Ghana: Accra Brewery Limited to inaugurate new packaging line later this year
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Adwoa Arthur, Director of Legal and Corporate Affairs of Accra Brewery Limited (ABL), says the newly-constructed $25 million packaging line constructed by the company will be inaugurated this year, the Modern Ghana reported on February 5.
About 170 new workers have been employed to maintain the new line.
As a result, Beta Malt, which used to be packaged in a bottle and Stella Artois, a pale lager beer, have also been introduced onto the Ghanaian market.
“We are determined to bring people together, hence the introduction of the new products and production line to serve our clients better.”
Ms Arthur revealed this on Wednesday, January 31 when ABL hosted some journalists at its head office in Accra.
The journalists were taken on tour around the multi-million dollar state-of-the-act facility to familiarize themselves with the company's operations.
ABL started production in 1931 in Ghana and has over the years been upgrading and modernizing its processes in order to remain a leading force on the market.
The brewery company is now owned by AB InBev.
ABL uses maize and cassava that are locally sourced for the production of Eagle and Club Beer, which is the star product.
Local farmers across the regions have been supported immensely to produce the raw materials
...More info on site
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Australia: Scottish craft brewer BrewDog announces location for Australian brewery
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After a six-month search, flamboyant Scotland-based brewery BrewDog has announced Brisbane will be the home for its new Australian brewery, Australian Brews News reported on February 6.
Brisbane beat Newcastle to become the site of the Australian brewery, with support from the Queensland State Government and Brisbane Marketing.
BrewDog’s local head Zarah Prior told Brews News the perceived enthusiasm from the city’s beer community had proven a decisive factor.
“We’ve been so humbled by the support from local businesses as well as the local community who have shown a real passion for BrewDog to call Brissie home,” she said.
“It’s a city that’s on the brink of some incredible growth, and we can’t wait to be a part of that. There are tonnes of amazing local breweries we’re looking forward to working alongside and collaborating with.
“From local brewing pioneers Green Beacon and Newstead, through to up and coming breweries like our mates at Range Brewing.
“We are hugely appreciative of the support we received from Brisbane Marketing, Austrade, and the Queensland Government, all of whom played a role in sealing the deal for Brisbane.”
BrewDog said the riverfront brewery fits into Brisbane’s plans to become a new world city. The company is partnering with local developers
...More info on site
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