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E-Malt.com Newsletter 07b
February 15 - February 18, 2018
Quote of the Week
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Leo Buscaglia
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Currency Rates
Base Currency: US Dollar
on February 16, 2018 |
Base Currency: Canadian Dollar
on February 16, 2018 |
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1 USD = 0.8012 EUR
1 USD = 0.7116 GBP
1 USD = 1.2492 CAD
1 USD = 1.2604 AUD
1 USD = 106.4300 JPY
1 USD = 3.2217 BRL
1 USD = 56.5918 RUB
1 USD = 6.3439 CNY
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1 CAD = 0.8004 USD
1 CAD = 0.5696 GBP
1 CAD = 0.6413 EUR
1 CAD = 1.0088 AUD
1 CAD = 85.1900 JPY
1 CAD = 2.5786 BRL
1 CAD = 45.3016 RUB
1 CAD = 5.0777 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Mexican brands continues to dominate US beer imports
...Click here
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Canada: Barley export moving at incredible clip in 2017-18
...Click here
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USA, TX: Islla St. Brewing Co. changes location before opening
...Click here
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USA, NY: Braven Brewing finds its own brick-and-mortar home in Bushwick
...Click here
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USA, NY: Garland City Beer Works to open in Watertown in June
...Click here
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USA, WA: Redmond’s Hi-Fi Brewing shutting down next week
...Click here
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USA: Constellation Brands appoints Bill Newlands as President and Chief Operating Officer
...Click here
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Japan: Suntory Beverage & Food increases net profit by 9% last year
...Click here
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Malaysia: Carlsberg Brewery Malaysia posts 6% increase in Q4 profit
...Click here
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Australia: Kirin’s Lion Co sees another year of declining sales and earnings in 2017
...Click here
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Malaysia: Heineken Malaysia Bhd’s outlook for 2018 cautiously optimistic
...Click here
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EU: Big barley import tender from Saudi Arabia adding pressure on EU supplies
...Click here
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Estonia: Roughly one third of all beer consumed in Estonia last year was bought in Latvia
...Click here
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Hong Kong: Gweilo Beer ready to launch its new US$5 mln brewery
...Click here
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India: Karnataka government announces alcohol excise duty hike by 8%
...Click here
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Turkey: Turkey to require license for importing distilled alcohol
...Click here
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Graph of the Week
Table of the Week
South America Barley Production, Import, Consumption, and Ending Stocks
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
WHAT IS THE IMPACT OF POLLINATED HOPS IN BEER?
ABSTRACT
In the world of hops, the male plants are mostly
considered as gate-crashers and utilised only for
controlled pollination. In English hops, pollinated cones
are accepted, however over the centuries prejudices
have been established that seeded hops decrease
flavour stability due to increased amounts of fatty acids
and also cause lower alpha acid concentration. These
German researchers were able to show in comparative
brewing trials with seeded and unseeded hops that these
two points are not necessarily true. However they also
discovered that the beers with seeded hops showed a
higher beta-glucosidase activity, though a higher content
of aroma active compounds and a higher aroma intensity
in the beers could not be shown. So there is maybe too
much ado about nothing.
REFERENCES:
Haselback, K.: Characterization of the Unfertilized and Fertilized Hop Varieties Progress
and Hallertauer Tradition - Analysis of Free and Glycosidic-Bound Flavor Compounds and
Beta-Glucosidase Activity, November / December 2017 (Vol. 70)
Source: Barth Innovations
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These Days in Business History
15 February
1946 - Bank of England nationalized
1955 - 1st pilot plant to produce man-made diamonds announced
1995 - Dow-Jones closes at record 3986.17
16 February
1978 - 1st Computer Bulletin Board System (Ward and Randy's CBBS, Chicago)
1990 - Cisco Systems, Inc. goes public on NASDAQ, selling 2.8 million shares at an initial offering price of $18 per share
1998 - Tellabs Inc. acquires Coherent Communications Systems for $670 million
17 February
1878 - Silver dollar became U.S. legal tender
1986 - 1st Francophone Summit convenes at Versailles
1989 - Egypt, Iraq, Jordan and North Yemen form common market
18 February
1933 - 1st issue of Newsweek magazine published
1939 - Golden Gate International Exposition opens on Treasure Island
1981 - Chrysler Corporation reports largest corporate losses in U.S. history
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: ASBC Malt Flavor and Aroma Symposium 2018 (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: Mexican brands continues to dominate US beer imports
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Corona and Dos Equis lovers made Mexico the supplier of more than two out of three imported beers in the U.S. last year, Bloomberg reported on February 15.
Mexico exported a staggering 712 million gallons to its northern neighbor. That’s the most among exporting nations, according to data from the Beer Institute. The Netherlands came in second place, exporting 145 million gallons for a market share of almost 14 percent. Belgium, Canada and Germany followed with single-digit market-share figures.
The most popular Mexican brands include Corona Extra and Modelo Especial, both manufactured for the U.S. market by Constellation Brands, and Dos Equis and Tecate, produced by Heineken NV’s Cuauhtemoc Moctezuma unit.
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Canada: Barley export moving at incredible clip in 2017-18
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Canada’s barley export has been moving at an incredible clip so far in the 2017-18 crop year, the Western Producer reported on February 15.
Exporters shipped 925,300 tonnes of barley through week 27 of the campaign, an 85 percent increase over the same period the previous crop year.
“It’s pretty phenomenal this year,” said Phil de Kemp, executive director of the Barley Council of Canada.
“Virtually all of that is malting barley for the surging beer market in China.”
Just a little over halfway through the 2017-18 marketing campaign, exports are 425,300 tonnes ahead of last year’s pace.
That brings into question Agriculture Canada’s full-year export forecast of 2.45 million tonnes, which is 128,000 tonnes more than the previous year. The forecast includes the barley equivalent of malt exports.
Brennan Turner, president of FarmLead, believes exports will end up between 2.8 and 2.9 million tonnes, which means carryout will be smaller than Agriculture Canada’s 1.55 million tonne estimate.
Derek Squair, president of Agri-Trend Marketing, agrees that Agriculture Canada is going to have to revise its numbers at some point if exports keep up the current pace.
And he believes that will happen because China’s demand is strong and Canada’s quality is exceptional.
Unfortunately, he does not believe that will
...More info on site
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USA: Beer dollar sales up 3% in January this year
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Following a year of flat sales at off-premise retail in 2017, U.S. beer dollar sales increased 3 percent through the first four weeks of 2018, according to retail data provider IRI Worldwide.
IRI, a Chicago-based market research firm that tracks category-wide sales trends at off-premise retailers, reported total U.S. dollar sales of about $2.2 billion through January 28 in its multi-outlet and convenience (MULC) universe of stores (grocery, drug, club, dollar, mass-merchandiser and military).
Positive volume sales trends continued in three segments — imports (7.3 percent), craft beer (4.4 percent) and domestic super premiums (12.3 percent). And, after a year of decline, early volume sales trends improved for flavored malt beverages (9.8 percent).
However, volume sales of domestic premium beers (Budweiser, Bud Light, Coors Light and Miller Lite, among others) continued to slide, about 2.1 percent.
Portfolio-wide sales trends improved for Samuel Adams-maker Boston Beer Company in January, as the company increased dollar sales 10.3 percent. Scan data showed dollar sales of the latest Samuel Adams seasonal release up 85.8 percent versus last year. However, the negative dollar sales trends continued for the company’s flagship brands, Samuel Adams Boston Lager (-15.3 percent) and Rebel IPA (-22.8 percent), during the four-week period.
Several other beer companies
...More info on site
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USA, TX: Islla St. Brewing Co. changes location before opening
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Chalk it up as a case of brewer’s remorse. One of San Antonio’s startup craft beer operations has decided on a change of location before even serving its first official pour, the San Antonio Express-News reported.
Owners of Islla St. Brewing Co., first profiled by the Express-News last June, have decided to move from a downtown location inside the LocalSprout Food Hub at 503 Chestnut St. into a space that’s currently under construction on the Northeast Side.
Co-founder and head brewer Joaquin “JD” Peña, who is partnering with his brother Josh Peña to start the business, said the move into the 1,875-square-foot space off Wurzbach Parkway at 11911 Crosswinds Way is all about getting the most bang for their investment buck.
“The way we looked at it, because of our limited financing situation, this is our one and only shot to get this right,” JD Peña said. “And this is the type of space where there’s room to expand if we need to, without having to move the entire operation.”
Despite the initial allure of being located downtown, Peña said that the new space allows more breathing room for the brewing equipment and tasting room area, expanded hours, additional parking space and easier access
...More info on site
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USA, NY: Braven Brewing finds its own brick-and-mortar home in Bushwick
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Bushwick’s Braven Brewing has been looking for its own brick-and-mortar home in Bushwick even before Eric Feldman and Marshall S. Thompson officially started the company in 2013.
Now, with papers finalized and signed on February 14, Braven’s dream is coming true on March 1. Bushwick Daily has learned that the brewing company will be taking over the space currently occupied by Lantern Hall, a craft beer bar at 52 Harrison Pl., bushwickdaily.com reported.
“This was a great deal,” said Lantern Hall’s owner, Jeff Wong. “Braven will be a great addition to the neighborhood.”
The deal was brokered by Max Lu and Lane Sanders of M Properties Group, a brokerage firm that specializes in Bushwick.
It’s been a hectic few weeks for Feldman and Thompson. Aside from finalizing this deal, which began shortly after Bushwick Daily visited Braven last year to discuss their newest year-round beer, the brewery that produces all Braven beers unexpectedly shut down.
“They shut down with very little notice,” Feldman said. “We saw a lot of great support from the New York City and New York State brewer community. It was actually pretty cool to see, in an adversity situation, where a lot of people were affected negatively, many of them came
...More info on site
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USA, NY: Garland City Beer Works to open in Watertown in June
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Nancy C. Henry is convinced that her brewery will make beer lovers out of everyone.
Working on the business venture for about two years, Ms. Henry hopes Garland City Beer Works will finally open in June in the former Lewis and Clinch machine shop at 321 Howk St. in Watertown, the WatertownDailyTimes.com reported on February 14.
A former Bud Light fan, she believes specialty and craft beers can be an acquired taste for fans of major label brands.
“You just have to drink a lot of it,” she said. “But just not in one sitting.”
Her enthusiasm for a good cold one came from learning about craft beers — and trying them — while working as a sales clerk at the Bottle Caps beverage center on Arsenal Street after she retired from teaching.
And now Garland City Beer Works will offer porters, stouts, ambers, a version of a sour beer and the brewery’s specialty, New England IPAs.
In its first year, the brewery will make 750 barrels of beer, with 90 percent sold on the premises in glasses and cans and the remainder to be distributed at restaurants and bars in the three-county region.
Ms. Henry, who is City Councilman Ryan Henry-Wilkinson’s aunt, hopes production will increase
...More info on site
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USA, WA: Redmond’s Hi-Fi Brewing shutting down next week
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Hi-Fi Brewing will be shutting down next week after five years spent creating craft beers in Redmond, the Redmond Reporter reported on February 14.
The brewery opened in 2013 and has been pumping out a wide variety of drinks since then, but owner John Carothers said it’s the right time to call it quits.
“As you can imagine, any small business these days… is a 24/7 kind of operations, and I wouldn’t mind actually having a weekend off or something like that,” Carothers said.
Their businesses lease is up and instead of renewing it for five years or trying to find another location in an expensive real estate market, Carothers said he decided to close up shop.
While he left the door open for a comeback in the future, for now Carothers said he’ll be focusing on finding another job so he can retire for a second time.
“It has been a blast, it’s the best job I’ve ever had, really liked it. Really, really liked the people I’d get here,” he said.
His customers, who were largely from Redmond and the Eastside, were friendly and enthusiastic about beer.
The brewery has been involved with community activities ranging from local beer festivals to the city’s annual Derby
...More info on site
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USA: Constellation Brands appoints Bill Newlands as President and Chief Operating Officer
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Constellation Brands has promoted Bill Newlands to the post of President and Chief Operating Officer, effective immediately, Namnews reported on February 14.
He takes over the role of President from Rob Sands, who will remain as CEO.
Newlands joined Constellation in 2015, and was made COO in 2017. In his expanded role, Newlands will have oversight and accountability for all operating aspects of the company and “advancing Constellation Brands’ position as an industry leader”.
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Japan: Suntory Beverage & Food increases net profit by 9% last year
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Suntory Beverage & Food, a core unit of Suntory Holdings, reported on February 15 a 9% rise in group net profit to 78.1
...More info on site
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Malaysia: Carlsberg Brewery Malaysia posts 6% increase in Q4 profit
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Carlsberg Brewery Malaysia Bhd, whose share price closed at a record high of RM16.66 on February 14, posted a 6% year-on-year rise in its
...More info on site
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Australia: Kirin’s Lion Co sees another year of declining sales and earnings in 2017
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Japanese brewer Kirin is hoping for a turnaround at food and beverages group Lion Co this year after another year of declining sales and
...More info on site
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Malaysia: Heineken Malaysia Bhd’s outlook for 2018 cautiously optimistic
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Heineken Malaysia Bhd which has a cautiously optimistic outlook for 2018, will continue to invest in automation to improve efficiency, The Sun Daily reported
...More info on site
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EU: Big barley import tender from Saudi Arabia adding pressure on EU supplies
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Strategie Grains on February 15 cut its forecast for the European Union’s soft wheat exports this season, citing poor competitiveness of French and Polish wheat on the world market.
The private analyst firm cut French non-EU exports to 8.5 million tonnes, well below the forecast of 9.0 million given by farming agency FranceAgriMer on February 14. It also put French end of season stocks much higher than the agency.
“It’s not a pretty picture for French farmers,” one futures dealer said. “There’s going to be a huge carry-out (stock) unless the picture alters significantly.”
Weekly EU data confirmed the sluggish pace of overall exports from the bloc. By Feb. 13, EU soft wheat exports were 19 percent below last season’s pace at 12.8 million tonnes.
Exporters have faced stiff competition from cheaper origins like Russian and Argentine wheat, while low international prices have discouraged west European farmers from selling.
Barley was in focus again, with a big import tender from Saudi Arabia adding to pressure on supplies.
“In barley, it’s really difficult to find available merchandise without paying a high price,” one French broker said.
Saudi Arabia is seeking 960,000 tonnes of barley in a tender with a bidding deadline on Friday, February 16.
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Estonia: Roughly one third of all beer consumed in Estonia last year was bought in Latvia
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Though producers only publish their numbers for the previous year in the second half of February, Estonia’s two biggest beer producers, Saku and A. Le Coq, confirmed to ERR's Estonian news portal last week that taking into account the amount of beer that was brought in from Latvia, domestic consumption of the drink has increased, and roughly a third of all beer consumed in Estonia last year was bought in Latvia, ERR News reported.
A. Le Coq's CEO, Tarmo Noop, told ERR that in the second half of 2017 more than a third of their production was sold to shops at the southern border. In December, the company sold more than 40 percent of its total volume there, which Noop said is a new record.
At the beginning of the year that share had been at 10-11 percent, Noop added.
A. Le Coq are not the only ones seeing a boom: Saku's sales director, Jaan Härms, told ERR's Vikerraadio that the share of cross-border trade in their business is still growing at a quick pace.
Credit card statistics confirm this as well, with the amount of money spent across the border in Latvia growing every month, also peaking in December.
Stores on the
...More info on site
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Hong Kong: Gweilo Beer ready to launch its new US$5 mln brewery
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The transformation of Hong Kong craft beer company Gweilo Beer, from humble beginnings operating in a spare bedroom to a purpose-built, 1,300-square-metre (14,000-square-foot), US$5 million brewery, is almost in the can, the South China Morning Post reported on February 14.
Brewing trials began on February 8 and tests are almost complete on a state-of-the-art, US$1.2 million Italian canning machine, capable of producing 6,000 cans per hour. The facility in Fo Tan, in Hong Kong’s New Territories, will be Hong Kong’s largest craft-beer brewery and one of Asia’s most advanced. Full-scale production is slated to start at the end of this month.
Moving to its own brewery is necessary because Gweilo – which Ian Jebbitt, 33, co-founded in 2015 with his wife, Emily, 34, and their friend Joe Gould, 35, who are all British – could not meet rising demand at the shared premises it was using.
Ian Jebbitt says: “There’s growing interest in craft beers – beer with no additives or preservatives, made in smaller batches with traceability, and created with a bit of love and passion.”
Since October, brewing equipment from Canada, a bottling machine from Germany capable of producing 3,000 bottles an hour, a centrifuge from Sweden, a custom-made chiller from the US and
...More info on site
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India: Karnataka government announces alcohol excise duty hike by 8%
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Liquor stocks hogged limelight in the afternoon trade on Friday, February 16 after Karnataka government hiked the excise duty on alcohol products by 8 per cent, the Economic Times reported.
Chief Minister of Karnataka Siddaramaiah presented the state’s Budget for 2018-19 in the state assembly on February 16.
Reacting on the news, shares of United Breweries slipped over 3 per cent to Rs 1,006.55 at around 1 pm (IST). United Spirits was down 1 per cent at Rs 3,280.05 at around the same time, whereas benchmark BSE Sensex was trading 124 points, or 0.36 per cent, down at 34,173 in the afternoon trade.
Shares of other liquor firms including Ravi Kumar Distilleries, Radico Khaitan, Pioneer Distilleries and Empee Distilleries were among top losers with a loss of 5 per cent, 2.87 per cent, 2.76 per cent, 2.65 per cent, respectively.
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Turkey: Turkey to require license for importing distilled alcohol
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Turkey is to require a special license for the import of distilled alcohol used in the production of home-made alcoholic drinks and for the tobacco and papers used for self-rolled cigarettes following a beer company’s complaint that the Treasury was losing tax revenue, opposition Halk TV said on February 16.
The decision, published in the Official Gazette on February 16, means that the import of ethyl alcohol, methanol, tobacco, tobacco products, rolling papers and cigarette filters will require a document from the Food, Agriculture and Livestock Ministry.
In addition, the measure bans the free circulation of concentrated alcohols that can be used as ingredients in the preparation of alcoholic drinks.
The measure comes after the Chairman of Anadolu Group, which controls approximately 80 percent of Turkey’s beer market, spoke out against home brewers.
“Alcohol sales have fallen due to an increase in home brewing,” Tuncay Özilhan said. “Home brewing also leads to a loss of tax revenue. We have shared our views on this with authorities.”
After beer consumers on Turkish social media platform Ekşisözlük organised a boycott of Anadolu Group’s flagship beer brand Efes, Özilhan issued an apology for his remarks.
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