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E-Malt.com Newsletter 08b
February 22 - February 25, 2018
Quote of the Week
Quaintest thoughts, queerest fancies come to life and fade away. What care I how time advances; I am drinking ale today.
Edgar Allan Poe
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Currency Rates
Base Currency: US Dollar
on February 23, 2018 |
Base Currency: Canadian Dollar
on February 23, 2018 |
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1 USD = 0.8130 EUR
1 USD = 0.7183 GBP
1 USD = 1.2700 CAD
1 USD = 1.2780 AUD
1 USD = 107.1100 JPY
1 USD = 3.2604 BRL
1 USD = 56.7608 RUB
1 USD = 6.3509 CNY
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1 CAD = 0.7873 USD
1 CAD = 0.5655 GBP
1 CAD = 0.6400 EUR
1 CAD = 1.0061 AUD
1 CAD = 84.3200 JPY
1 CAD = 2.5668 BRL
1 CAD = 44.5964 RUB
1 CAD = 4.9999 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Boston Beer reports 5.9% drop in Q4 net revenue
...Click here
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Canada, ON: Jackass Brewing to open its doors in Cambridge on February 23
...Click here
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USA, PA: Goose Island finally announces launch date for its Philadelphia brewery
...Click here
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Canada, AB: Two Sergeants Brewing moving to Edmonton
...Click here
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USA, IL: The Old Herald Brewing Company to be launched by husband-and-wife team in Collinsville
...Click here
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The Czech Republic: Large breweries to invest mostly in export and canned beer this year
...Click here
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India: United Breweries to enter craft beer market by year end
...Click here
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UK: Scotch whisky makers prefer a clean Brexit break
...Click here
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Belgium & Italy: Duvel Moortgat gains control of Italy’s Ducato microbrewery
...Click here
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Japan: Kirin to expand in health food and beverages
...Click here
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UK: Spring barley growers encouraged to increase their seed rates if drilling is delayed
...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
THE YEAST TAKES IT ALL!
ABSTRACT
Beta-myrcene is a potent but also very volatile hop
aroma compound that can contribute to hop flavours
with "herbaceous", "resinous", "green", "balsamic", "fresh
hops". Too high concentrations of myrcene sometimes are
considered unpleasant in regards to flavour. A German
team worked with the hop variety Mosaic with different
yeast strains to see where the myrcene actually ends up.
They confirmed the release of hop aroma compounds
during fermentation in the gas phase with increasing
amounts at higher fermentation temperatures, and were
also able to show that the yeast basically absorbs all of
the myrcene with no possibilities to redissolving it in beer
again. Whereas other hop aroma compounds such as
linalool are not influenced significantly by the yeast.
REFERENCES:
Haselbeck, K. et al: On the Fate of Beta-Myrcene during Fermentation - The Role of Stripping
and Uptake of Hop Oil Components by Brewer's Yeast in Dry-Hopped Wort and Beer,
November / December 2017 (Vol. 70)
Read more
Source: Barth Innovations
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These Days in Business History
22 February
1923 - Transcontinental airmail service begins
1989 - New York Lotto pays $26.9 million to one winner
2006 - Apple's iTunes store sells its 1 billionth song
23 February
1886 - Aluminum manufacturing process developed
1886 - London Times publishes world's 1st classified ad
1965 - Michael Dell is born. He later drops out of the University of Texas at Austin to found Dell Computer Corp. with the radical idea of assembling made-to-order computers
24 February
1921 - 1st transcontinental flight in 24 hours flying time
1986 - Texas Air buys Eastern Airlines for $676 million
1995 - Dow-Jones hits record 4011.74
25 February
1791 - 1st Bank of U.S. chartered
1837 - 1st U.S. electric printing press patented by Thomas Davenport
1862 - Paper currency introduced in U.S. by President Abraham Lincoln
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: Boston Beer reports 5.9% drop in Q4 net revenue
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The Boston Beer Company reported a fourth-quarter 5.9% drop in net revenue to $206.3 million, down $13.1 million from the same period last year, according to a company release.
Shipments declined 7.7% during the period to about 898,000 barrels, compared to the fourth quarter of 2016.
The company reported $30.5 million in net income for the fourth quarter, or $2.57 per diluted share, an uptick of $8.4 million, or 82 cents per diluted share, from the year-ago period. The bump was mainly due to a one-time benefit of $1.72 per diluted share from the corporate tax cut enacted in late December, plus a gross margin increase, although the company said that was partially offset by lower shipments and more media and digital advertising.
Boston Beer projects full-year 2018 earnings per diluted share to be between $6.30 and $7.30, reflecting the uncertain volume outlook, and added that actual numbers could vary significantly from the current projection.
Boston Beer continues to struggle in a market that's crowded and competitive, but it isn't for lack of trying. The sixth-largest beer company in the US recently innovated with Samuel Adams Sam '76, Samuel Adams New England IPA and Angry Orchard Rosé hard cider, although the new
...More info on site
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Canada, ON: Jackass Brewing to open its doors in Cambridge on February 23
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Ontario Beverage Network reports that a new brewery and taproom will be opening this week in Cambridge.
Jackass Brewing has been founded by brothers Wayne and Keith Saunders, and is located at Unit 36 in 100 Sheldon Drive, an industrial plaza near the intersection of Highway 401 and Regional Road 24.
According to the OBN article, Jackass will be opening with several beers available including “an Irish red ale, two IPAs, and more to be announced,” with all of them available by the glass and for growler fills.
Jackass Brewing will open on Friday February 23rd at 4:00 PM.
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USA, PA: Goose Island finally announces launch date for its Philadelphia brewery
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It’s been more than a year since Chicago-based brewery Goose Island told everyone it would be opening a new location in Philadelphia, and after much teasing, there's finally a launch date - and it's soon, The Philly Voice reported on February 22.
Starting Friday, March 2, Philadelphians can find both classic and new Goose Island beers at the brewhouse at 1002 Canal Street, not far from Fishtown's Fillmore and Philadelphia Distilling.
“Chicago and Philadelphia. Two cities with big personalities. Big pride. Big history. Big food and big drink,” the brewery said in a press release.
“We’re not shying away from our size, and with so much in common, we couldn’t think of a city outside of our hometown that better represents the way we think about beer: BIG. We’re thrilled to bring a little 312 to the 215.”
The 28 draft lines and two cask engines will include some beers made exclusively for Philadelphia, as well as standards like Goose IPA and Sofie. Tim Caron will be the in-house brewer, coming from New Jersey’s Tuckahoe Brewing.
You can also expect brewpub fare to go with your beer -- think grub that’s on the high-brow side like mussels and hanger steak. The spot’s executive chef, Brennan
...More info on site
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Canada, AB: Two Sergeants Brewing moving to Edmonton
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Two Sergeants Brewing Inc. is marching into Edmonton, and it’s bringing its kegs with them, the Edmonton Journal reported on February 22.
The Fort Saskatchewan brewery first opened its doors back in 2015, but is unable to expand in its current space northeast of Edmonton, and has struggled with attracting more customers to its taproom.
Although the brewing business received a lot of support and developed some die-hard fans, Two Sergeants Brewing Inc. owner Kevin Moore told Postmedia it can no longer stay in the Fort and instead will be moving to the big city.
“It wasn’t an easy decision by any stretch of the imagination,” he said.
“I guess the biggest reason for us moving is we need to grow. First and foremost, we are a brewery and a production brewery. To keep up with demand, we need more tanks and there’s just no room in this footprint.”
Moore said the plan is to move into the popular Whyte Avenue area where other craft brewers like himself are locating.
The new Edmonton location will feature more space for more tanks as well as a spot to open up a full kitchen, something that was impossible in Fort Saskatchewan, he added.
“We explored options within the
...More info on site
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USA, IL: The Old Herald Brewing Company to be launched by husband-and-wife team in Collinsville
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The brewing and bottling spirit of Collinsville could be on the verge of a renaissance, thanks to Derik Reiser and his wife, Whitney, the Belleville News-Democrat reported on February 22.
On a cold and cloudy Wednesday morning, the metro-east couple beamed with pride as they spoke about plans to open a microbrewery and craft distillery under the name of the Old Herald Brewing Company in downtown Collinsville.
Located at 115 E. Clay St., the former home of the Collinsville Herald newspaper will receive a $2.8 million makeover this spring. Reiser said $650,000 will come from tax increment financing.
The city approved the redevelopment agreement Feb. 12.
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Canada, ON: Folly Brewpub changes ownership
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Toronto’s Folly Brewpub has announced that co-founders Luís Martins and Michelle Genttner have sold the College Street brewery, bar and restaurant, and are stepping away from the business effective February 16th, Canadian Beer News reported.
Folly has been purchased by the ownership group behind Toronto bars Roxy on King and Watson’s, who have brought in hospitality industry veteran Fritz Wahl to take over day-to-day operations from Genttner, while chef Dan Martin will be replacing Martins in the kitchen. Brewer John Jenkinson – who recently replaced the original brewing team of Christina Coady and Chris Conway – will remain in charge of the Folly brewing program.
Folly was opened by Martins and Genttner seven years ago as Habits Gastropub. The on-site brewery was added in 2014, and the name change to Folly took effect a year later.
In a statement, Wahl says that “the entire motivation is to continue running and expanding Folly with the quality and warmth that customers expect and deserve, whether they are at Folly or one of the fine beer-focused establishments serving Folly beers.”
“We’re going to take a small break to regroup and plan our next steps,” says Genttner. “We wish to express our most sincere gratitude to everyone that
...More info on site
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The Czech Republic: Large breweries to invest mostly in export and canned beer this year
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Large breweries in the Czech Republic will mainly invest this year into export and canned beer, the daily Hospodářské noviny reported on February 20.
...More info on site
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France: Beer sales increase by 3.6% in 2017
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During the last 37 years France’s brewing sector had been declining, but last year the nation’s beer sales saw a 3.6% increase, BFM.TV reported
...More info on site
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India: United Breweries to enter craft beer market by year end
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India’s largest beer maker United Breweries Ltd (UBL) will enter the craft beer market by the end of 2018 to tap into a growing
...More info on site
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Russia: Barley exports hitting new heights
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Russia exported more than 507 thousand tonnes of barley in December 2017 - up 355% from December 2016 (143 thousand tonnes), UkrAgroConsult reported on
...More info on site
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UK: Scotch whisky makers prefer a clean Brexit break
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Scotch whisky makers were among the most fervent industry advocates for staying in the European Union, but if Britain has to leave, they prefer
...More info on site
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Belgium & Italy: Duvel Moortgat gains control of Italy’s Ducato microbrewery
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Belgium’s Duvel Moortgat has increased its stake in Italian craft brewer Ducato to 70%, LaLibre reported on February 21.
Launched in 2007 in Soragna (province
...More info on site
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Japan: Kirin to expand in health food and beverages
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Kirin Holdings Co Ltd aims to expand in health food and beverages, its chief executive said, as the Japanese brewery adopts a different strategy from rivals which have spent big on breweries abroad to offset a drop in domestic beer consumption, Reuters reported on February 22.
Japan’s second-biggest beer maker earns almost 40 percent of profit from beer and other alcoholic drinks sold at home. But with industry data showing a 13th consecutive fall in domestic beer shipments last year, Kirin and peers like Asahi Group Holdings Ltd have been seeking growth elsewhere.
“I wish we could just focus on the beer business. That’s something we fully understand,” Yoshinori Isozaki said in an interview. “But we cannot achieve sustainable growth from that business alone.”
The comments reflect challenges in the beer industry both in Japan and globally, as aging populations and changing consumer tastes in increasingly health-conscious developed economies limit growth prospects for makers of alcoholic drinks.
In response, Asahi - which has long derived a sizeable chunk of revenue from Japan’s biggest-selling “Super Dry” beer - has spent $11 billion over the past two years to buy beer brands across Europe from Anheuser-Busch InBev NV.
Preventing Kirin from similarly expanding is the lack of
...More info on site
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China: BrewDog looking to open brewery in China
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Scottish craft brewer BrewDog is looking to open a brewery in China to capitalize on the fast-growing market for premium beer, Ecns.cn reporte don February 22.
China is the company's second-largest international market and the brewer said with the help of its distributor, it has made BrewDog one of the well-known and widely drunk craft beers in China.
In 2016, BrewDog's export to China grew by 117 percent.
The brewery is looking to raise at least 10 million pounds ($13.9m) in its latest equity crowdfunding scheme, with a stretch goal of up to 50 million pounds ($69.9m) to further its global expansion.
This also includes the construction of a brewery in Australia.
"We feel we can only really take advantage of the Asian opportunity by having a brewery in Asia and we are now actively looking at locations and opportunities in the regions," Brewdog told The Scotsman newspaper.
The craft beer brand also revealed plans to build the world's first craft beer hotel as part of its expansion plans at its headquarters in Aberdeenshire in Scotland.
China is a key market for international beer brands and analysts believe the demand for craft beer will continue to increase as disposable incomes rise.
Last year, Edinburgh-based online drinks platform Flavourly
...More info on site
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UK: Spring barley growers encouraged to increase their seed rates if drilling is delayed
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UK’s spring barley growers are being encouraged to increase their seed rates if drilling is delayed and seed-beds are not ideal after very wet winter weather, the FarmersWeekly reported on February 21.
Drilling is likely to be pushed back this spring due to cold and wet soil, and even in early drilling areas such as the South Downs spring drilling could be two weeks away.
Mike Thornton, agronomist with advisory group ProCam, says growers should not rush to drill in poor conditions and they need to hold fire until soils dry and warm up and then raise seed rates.
“Growers should be thinking of pushing seed rates up as they can expect greater losses due to poor soil conditions,” he tells Farmers Weekly.
For early drilling into good seed-beds, growers might look at a seed rate of 300-325 seeds/sq m, but if delayed into late March or early April the rate might be pushed up to 350-400 seeds/sq m, he says.
In addition, growers need to hold back from drilling too early as good seed-beds will give better seed to soil contact and so good conditions for residual blackgrass herbicides to work.
If growers have already ordered their seed then he suggests they should still increase
...More info on site
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