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E-Malt.com Newsletter 11b
March 15 - March 18, 2018
Quote of the Week
A pleasant apertif, as well as a good chaser for a short quick whiskey, as well again for a fine supper drink, is beer.
M. F. K. Fisher
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Currency Rates
Base Currency: US Dollar
on March 16, 2018 |
Base Currency: Canadian Dollar
on March 16, 2018 |
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1 USD = 0.8100 EUR
1 USD = 0.7165 GBP
1 USD = 1.2996 CAD
1 USD = 1.2754 AUD
1 USD = 106.0700 JPY
1 USD = 3.2702 BRL
1 USD = 57.0188 RUB
1 USD = 6.3162 CNY
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1 CAD = 0.7693 USD
1 CAD = 0.5512 GBP
1 CAD = 0.6231 EUR
1 CAD = 0.9812 AUD
1 CAD = 81.6000 JPY
1 CAD = 2.5159 BRL
1 CAD = 43.9995 RUB
1 CAD = 4.8593 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Feed barley prices now higher than those of malting barley
...Click here
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USA, MD: Three childhood friends to launch Bayheads Brewing Co. in Chesapeake City on March 17
...Click here
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USA, MI: Silver Spruce Brewing Company to open in Traverse City this summer
...Click here
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USA, GA: Wise Owl Brewing gets approval to open in downtown Marietta
...Click here
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USA, MI: The Mitten Brewing Co. decides to open its third brewpub
...Click here
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USA: MillerCoors splits millennial generation with the purpose of selling more beer
...Click here
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USA, NJ: Montclair Brewery to become Montclair’s first craft brewery soon
...Click here
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USA, AZ: Copper Brothel Brewery quietly launched on March 6
...Click here
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USA, MS: Threefoot Brewery looking to move into old Meridian police station
...Click here
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USA, NH: Smuttynose Brewing Company sold to investments company
...Click here
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The Philippines: San Miguel Brewery’s net profit up 17% in 2017
...Click here
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EU: Spring barley area may be capped by unfavourable weather this year
...Click here
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EU: Malting barley markets worrying about weather impact on crops
...Click here
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Argentina: Government approves AB InBev’s proposal to divest seven brands in Argentina
...Click here
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Slovakia: Consumers increasingly shifting to drinking canned beer at home
...Click here
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Australia: Barley export hits new season high in January
...Click here
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Vietnam: Sabeco charged nearly $109.8 trillion in tax arrears
...Click here
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Vietnam: Investment funds group Dragon Capital purchases 15.3 mln shares of Sabeco
...Click here
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Graph of the Week
Table of the Week
Australia Barley Production, Consumption, and Export
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
15 March
1817 - The New York Stock Exchange officially prohibits the "fictitious sales," or wash sales, that had enabled speculators to manipulate individual stocks without even owning them
1827 - University of Toronto is chartered
1892 - 1st escalator patented by inventor Jesse W. Reno (New York City)
1906 - Rolls-Royce Limited is incorporated
1933 - Polythene discovered by Reginald Gibson and Eric William Fawcett
1935 - Percy Shaw founded his company Reflecting Roadstuds Limited to make cat's eyes
1985 - The first Internet domain name is registered
16 March
1915 - United States Trade Commission organizes
1933 - President Franklin D. Roosevelt takes the U.S. off the gold standard, removing the yellow metal from coinage and circulation, even banning it as a collectible
1987 - IBM releases PC-DOS version 3.3
2014 - Crimea votes in a controversial referendum to secede from Ukraine to join Russia
17 March
1845 - Bristol man, Henry Jones, patents self-raising flour
1968 - 2-tiered gold price negotiated in Washington D.C. by U.S. and 6 European nations
1997 - CNN begins spanish broadcasts
18 March
1850 - Henry Wells and William Fargo forms American Express in Buffalo
1938 - Mexico takes control of foreign-owned oil properties
1985 - Capital Cities Communications Inc. acquires ABC
Agenda
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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Canada: Feed barley prices now higher than those of malting barley
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With feed barley in tight supply, the tables have flipped with feed prices now sitting higher than those for malting barley in Western Canada, the Manitoba Co-Operator reported on March 15.
Feed barley prices “make some of these other prices look a bit ridiculous. There’s no demand from the domestic maltsters because they’ve all been plugged up ever since harvest,” said Rod Green with Central Ag Marketing at Airdrie, Alta.
Old-crop feed barley is trading at over C$5 per bushel while malt is around C$4.25 per bushel. Feed barley has been feeling pressure due to higher export volumes and rising corn prices, caused by drought in Argentina.
As of March 4, Canada has exported 2,016,400 tonnes of barley compared to 1,550,300 last year, according to data from the Canadian Grain Commission.
Last year’s malt barley crop featured great quality across Western Canada, except for south of the Trans-Canada Highway where drought hit the region. Domestic demand was quickly filled and a drought in Australia led to increased demand from China.
According to Green, Chinese buyers prefer the Metcalfe barley variety with a bit higher protein level, leaving a lot of lower-quality Metcalfe and Copeland barley sitting in bins on the Prairies.
“There’s a lot of farmers
...More info on site
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USA, MD: Three childhood friends to launch Bayheads Brewing Co. in Chesapeake City on March 17
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For Charlie Copeland, Bill Dix and Jason Zang, the opening of Bayheads Brewing Co. in Chesapeake City on St. Patrick’s Day seemed apropos, the Cecil Whig reported on March 14.
The childhood friends and partners in the county’s newest craft brewpub wanted to bring their dream of running a business to their home of southern Cecil County, and what better time to do it than one of Chesapeake City’s biggest parties of the year.
“We’ve had a lot of people peeking their heads in to find out more over the last few months,” Copeland said. “So we’re excited to finally open the doors to everyone.”
The idea for Bayheads Brewing was spurred on by a trip a few years ago by Dix to Portland, Ore., where he said he visited numerous different craft breweries that were all thriving in one city. When he came back and told his friends about the plethora of options out west, they looked at breweries around their home and found the closest one was 50 miles away.
“When Charlie and I were growing up, we always wanted to run a business together,” Dix said. “We all wanted to do something for ourselves, and we figured it would good to
...More info on site
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USA, MI: Silver Spruce Brewing Company to open in Traverse City this summer
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A couple hoping to contribute to the planned revitalization of Eighth Street in Traverse City are planning to open a new brewery in the corridor this summer, the Traverse City Tracker reported on March 14.
Scott Stuhr and Leah Tyrell are aiming for a July opening of Silver Spruce Brewing Company in the Family Video building at the corner of East Eighth and Wellington streets. The brewpub and Family Video will split the 6,000 square-foot space, with Silver Spruce occupying the southern Eighth Street-facing portion and Family Video reducing operations to the north end of the building. The video chain entered into a similar space-sharing arrangement at its South Airport location, sharing its footprint with Jimmy Johns and Qdoba Mexican Eats.
“We’ll be dividing the building in half and putting in a patio on the west side, so there will be a roll-up door on the west side (connecting the indoor and outdoor areas),” says Stuhr. “It’ll be a very nice open space with a lot of windows and the big open door. It’s basically a blank canvas inside, so we can really construct any space we want in it.”
The brewpub will have an estimated 50 seats inside and room for 80,
...More info on site
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USA, GA: Wise Owl Brewing gets approval to open in downtown Marietta
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A new building will fill the empty lot at 67-87 North Park Square in downtown Marietta and will be known as Wise Owl Brewing, the Atlanta Journal Constitution reported on March 15.
The Marietta City Council voted 5-0-2 March 14 to approve the change with two abstentions.
Councilwoman Michelle Cooper Kelly disclosed she is employed by a large brewery that also owns several craft breweries.
Besides abstaining along with Kelly, Councilman Joseph R. Goldstein refused to participate in any discussion on this matter since the property is owned by Marietta Properties, LLC, which is owned and managed by his father Philip Goldstein.
The applicant is Joe Uhl, owner of Wise Owl Brewing, which will have a 50-year ground lease with Marietta Properties, LLC.
With an estimated completion date of this fall or winter, the three-story building will be brick, with sandstone accents, on the front, side and rear, including a rooftop patio.
The city’s Historic Board of Review also recommended approval by a 9-0 vote on March 3.
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USA, MI: The Mitten Brewing Co. decides to open its third brewpub
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A popular west side brewery and restaurant has set its sights on the lakeshore for its third brewpub, MiBiz has learned.
The Mitten Brewing Co. LLC has leased a building at 329 Water Street in Saugatuck and plans to open a taproom and restaurant at the site by June 1, according to owners Chris Andrus and Max Trierweiler.
The company’s plans received unanimous approval from the Saugatuck City Council during a special meeting earlier this week. The converted 1,900-square-foot house built in 1860 formerly housed Borrowed Time, a beer and wine bar that’s in the process of moving to nearby Douglas.
For Mitten Brewing, the site offered exposure in a popular tourist market that’s a short drive away from its flagship operation and brewery in Grand Rapids. The location is on the main strip in downtown Saugatuck across the street from Mermaid Bar & Grill and a couple doors down on either side from the Coral Gables restaurant and a Coppercraft Distillery LLC tasting room.
“The thing that drew us the most is the fact that we’re not drawing an audience that’s necessarily from Michigan in Saugatuck because there’s so many Chicagoan people coming in,” Trierweiler said. “That reach out of the market is
...More info on site
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USA: MillerCoors splits millennial generation with the purpose of selling more beer
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MillerCoors has invented a generation that’s younger than millennials but old enough to legally imbibe, the Toronto Star reported on March 14.
The purpose is to sell more beer, which has been losing business to wine and hard liquor for a decade. MillerCoors, the U.S. division of Molson Coors Brewing Co., is gearing its marketing to 21- to 24-year-olds, a slice of the population the company characterizes as “curious,” “pragmatic” and still virginal when it comes to drinking beer.
Demographers would say this cohort is part of the millennial generation, which outnumbers the baby boomers and is defined by the U.S. Census Bureau as people born between 1982 and 2000. But MillerCoors says there are important differences between millennials and the new generation the beer maker created but hasn’t named.
“There’s just this more openness versus what we’ve seen with millennials,” said Sofia Colucci, senior director of innovation at MillerCoors. “They’re curious and while they’re pragmatic, they still have this genuine openness to discovering and trying new things.”
These attributes apparently haven’t extended, even on a hot summer evening, to some of them ever sipping an icy cold mug of suds, Colucci said.
“Once they’re of a legal drinking age, they might never even have
...More info on site
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USA, NJ: Montclair Brewery to become Montclair’s first craft brewery soon
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Fans of the brew will appreciate a new place to sip fresh beer in Montclair, NorthJersey.com reported on March 14.
The microbrewery and tasting room, Montclair Brewery, will be the first of its kind to open in the township and is slated to open early this year, as soon as the end of March.
The brewery is still undergoing renovations to meet local planning board requirements, but beer aficionados can still get in on the action ahead of the big day.
Brewery owners Leo and Denise Sawadogo are raising funds for their renovation project by crowdfunding through IndieGoGo. Backers will receive various perks depending on their pledge amount, including an engraved growler, coasters, choosing the name of one of four fermenters and for those who really love beer, a free one every day from the brewery for six months.
Prior to the couple's decision to go public and open a brewery, Leo Sawadogo had made homebrew beer for friends and family for 13 years, according to the brewery's website.
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USA, AZ: Copper Brothel Brewery quietly launched on March 6
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Sonoita brewery and restaurant Copper Brothel Brewery quietly opened on March 6 after a few months of delays. Although they don’t have their own beers on tap for another few weeks, diners can come in and enjoy guest taps, mostly from Arizona breweries, and eat from the restaurant, the Tucson Foodie reported on March 16.
“We are really excited to open and support our community here,” said Samantha Jesser, head brewer and co-owner of CBB. “Not a lot of places available, but we’re excited to have an option for people to come in and have some fun.”
The 5,000-square-foot space with 140 seats was built from the ground up. Ceiling lamps and windmill-inspired ceiling fans hang from the 27-foot high ceiling alongside five televisions playing sports games. Handmade wooden tables, mostly high-tops, are branded with the brewery’s logo. Behind the copper-accented bar, tall hand-hewn solid wood beams frame the liquor selection and 20 beer taps. Outside, the patio offers a sweeping view of the Santa Rita, Mustang, and Whetstone mountain ranges — a mezzanine will be completed in a few weeks.
Samantha moved with her parents Robert and Cheryl Jesser to the Sonoita area from Colorado in 2013. Samantha co-owns the brewery with
...More info on site
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USA, MS: Threefoot Brewery looking to move into old Meridian police station
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The old Meridian police station could be getting a make-over soon. Threefoot Brewery is looking to move into the building and renovate it, WTOK reported on March 14.
“Right now I’m looking to purchase it. If it’s approved by the city, I plan to turn it into a brewery with a tap room. And also there’s room for other businesses [that I] think would work well with the neighborhood, and obviously the brewery as well,” says Threefoot Brewery owner John Purdy.
The building on 6th Street in downtown Meridian is designated as historic so all renovations must be approved by the state.
“So we won’t tear it down," says Purdy. "What we’ll do is we’ll restore it and we’ll work with [the] Mississippi Department of Archives and History in order to renovate it so that we can use it for what we need but we still meet their requirements.”
Purdy believes that opening his brewery will help boost the economy of the city.
“I think it would have a huge impact in Meridian. If you just look at other communities throughout our region and the southeast, breweries have changed entire communities and sometimes entire cities," Purdy said.
The Meridian City Council will have a public work
...More info on site
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USA, NH: Smuttynose Brewing Company sold to investments company
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The Provident Bank, which purchased Smuttynose Brewing Company at a foreclosure auction on March 9, has sold the company to North Hampton-based Runnymede Investments for an undisclosed amount, the Foster’s Daily Democrat reported on March 15.
“The Provident Bank is impressed with the Runnymede team on so many levels,” said Provident Bank President Chuck Withee. “They are passionate business leaders and great all-around people, who are part of our Seacoast community. Runnymede has teamed up with a very professional brewery executive, Rich Lindsay, who knows Smuttynose founder Peter Egelston and the team very well and there is deep, mutual respect.
“Runnymede Investments has the resources to take this popular brand to new heights. Smuttynose fans and employees should rest assured that this local treasure will not only survive, but will thrive in the coming months and years ahead.”
Withee added, “Make Mine A Smutty!” referencing the brewerry’s popular tagline. The Provident Bank was the lead lender and high bidder at the auction with a bid of $8.25 million.
Chris Broom Jr. of Runnymede Investments expressed enthusiasm for having the opportunity to invest in New Hampshire’s largest craft brewery.
“Peter and Joanne have assembled a great team and an impressive production facility,” Broom Jr. said. “We’re
...More info on site
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India: Beer consumption drops by 10% in 2017
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India’s beer sales dropped last year after a ban on liquor sales near highways and rise in prices in a few states, the Economic
...More info on site
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The Philippines: San Miguel Brewery’s net profit up 17% in 2017
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San Miguel, the Philippines' largest listed company by sales, boosted recurring profit 11% to 54.7 billion pesos ($1.05 billion) in 2017, while consolidated revenues
...More info on site
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EU: Spring barley area may be capped by unfavourable weather this year
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Heavy rain and late-winter freezes may cap an expected rise in the European Union's spring barley area this year as they hamper field work,
...More info on site
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EU: Malting barley markets worrying about weather impact on crops
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The EU malting barley market is having lots of discussions in regards to when the farmer in the main European areas will be able
...More info on site
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Argentina: Government approves AB InBev’s proposal to divest seven brands in Argentina
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Argentina’s production ministry said on March 14 it had approved a proposal from brewer Anheuser Busch InBev NV to divest seven of its brands
...More info on site
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Slovakia: Consumers increasingly shifting to drinking canned beer at home
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Pubs are gradually losing customers in Slovakia, the Sme daily wrote on March 14, adding that customers have started preferring canned beer at home.
...More info on site
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Australia: Barley export hits new season high in January
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Australian exports of barley and canola hit new-season highs in January to reflect steady demand from Saudi Arabia and China on barley and European crushers on canola, the Grain Central reported on March 15.
Latest export data released by the Australian Bureau of Statistics shows feed barley shipments in January at 453,725 tonnes, up 61 per cent from the December total, while malting exports at 178,372 tonnes were up 2pc from December.
Belgium and Germany were the volume buyers of Australian canola in January, with Australia shipping a total of 191,281t to all destinations, with cargoes to Belgium and Germany jointly accounting for 176,699t.
January shipments were up marginally from the December total of 190,953 tonnes, and both figures are close to the maximum that can be shipped from southern Australian ports while wheat and barley shipments, which use the same facilities, are running at full pace.
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Vietnam: Sabeco charged nearly $109.8 trillion in tax arrears
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Saigon Beer, Alcohol and Beverage Corporation (Sabeco) will have to pay nearly VND2.5 trillion ($109.8 million) in tax arrears, according to newswire Vnexpress.
Notably, according
...More info on site
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Ireland: Malting barley could ‘outperform dairy’
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Whiskey exports, Irish feed rations and the benefits that the tillage sector brings for the environment are just some of the things that the Irish Grain Growers’ Group (IGGG) has been talking and lobbying about recently.
Bobby Miller, the chairperson of the IGGG, caught up with AgriLand recently. He spoke about what the IGGG has been up to lately and why he thinks that the group was needed, as farming has changed and become more specialised.
“I enjoy the job, for the most part. It’s a challenge. There’s a real necessity for a tillage group and a representative body for tillage in Ireland at the minute.
The IGGG has staged a number of demonstrations in relation to malting barley prices.
“I am still deciding if I will sow malting barley this year at all. I’ve definitely decided to cut back on the acreage.
“Malting barley growers are facing into yet another year of confusion when it comes to the details of growing the crop. Currently we don’t know if there is a deal in place or not. There are conflicting messages coming from IFA officials. A deal was signed late last year for 2018, but now negotiations are on-going.
“At this stage, brewing barley needs to
...More info on site
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Vietnam: Investment funds group Dragon Capital purchases 15.3 mln shares of Sabeco
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Dragon Capital, a Vietnam-focused group of investment funds, has purchased 15.3 million shares of Saigon Beer Alcohol and Beverage Corp (Sabeco) from Singapore-based Nogard Pte. Ltd, according to Vietnam Securities Depository (VSD), DEALSTREETASIA reported on March 16.
In its latest announcement, VSD said the shares were bought from Nogard by seven funds of Dragon Capital including Aquila SPC Ltd Hanoi Investments Holdings Limited, KB Vietnam Focus Balanced Fund, Norges Bank, DC Developing Markets Strategies Public Limited Company, Vietnam Enterprise Investments Limited (VEIL) and Viola Ltd.
The transaction’s value was not disclosed. However, based on Sabeco’s share price of VND214,000 ($9.4) per share on March 15, the transaction’s value is estimated at VND3.27 trillion ($143.8 million). Among seven funds, VEIL received the largest number of Sabeco shares with over 8 million shares.
Currently, the Ministry of Industry and Trade and Vietnam Beverage, a local unit in which ThaiBev holds a stake, own approximately 89.6 per cent stake of Vietnam’s largest brewer. The remaining is owned by Dragon Capital and some other investors.
According to data from Vietnam’s financial and economic portal Cafef.vn, Dragon Capital held 3.5 million Sabeco shares before the transaction. After the transaction, Dragon Capital holds a 2.9 per cent
...More info on site
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