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E-Malt.com Newsletter 12b
March 22 - March 25, 2018
Quote of the Week
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John Burroughs
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Currency Rates
Base Currency: US Dollar
on March 23, 2018 |
Base Currency: Canadian Dollar
on March 23, 2018 |
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1 USD = 0.8108 EUR
1 USD = 0.7074 GBP
1 USD = 1.2900 CAD
1 USD = 1.2941 AUD
1 USD = 105.5600 JPY
1 USD = 3.2868 BRL
1 USD = 56.8391 RUB
1 USD = 6.3238 CNY
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1 CAD = 0.1655 USD
1 CAD = 0.1171 GBP
1 CAD = 0.1342 EUR
1 CAD = 0.2142 AUD
1 CAD = 17.4700 JPY
1 CAD = 0.5441 BRL
1 CAD = 9.4375 RUB
1 CAD = 1.0469 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Domestic barley use to remain unchanged but exports to rise by 16% this season
...Click here
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Mexico: Constellation Brands to expand production capacity of its Sonora brewery
...Click here
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USA, MI: Looking Glass Brewing Company plans to open to public next week
...Click here
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USA, MO: Tie & Timber Beer Company to open its doors in Springfield on April 14
...Click here
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USA, MD: Baltimore’s Full Tilt Brewing to open its own brewing facility
...Click here
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USA, TX: Bear King Brewing planning summer opening in Marble Falls
...Click here
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USA, CA: Council Brewing Company expanding into new brewery in Santee
...Click here
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USA, MA: Naukabout Brewery & Taproom finally ready to open its doors in Mashpee
...Click here
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USA, IN: Happy Brewing Co. officially opens in Indianapolis
...Click here
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India: New report gives favourable outlook for beer market in India
...Click here
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Myanmar: Fraser & Neave gains government approval to return to Myanmar’s beer market
...Click here
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Vietnam: Numerous foreign investors eager to acquire stake in Habeco
...Click here
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World: AB InBev sets climate, water goals to support beer sales
...Click here
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South Korea: Hite Jinro toasts rise in export shipments
...Click here
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India: AB InBev to launch Beck, relaunch other brands in attempt to ramp up investments in India
...Click here
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India: Telangana set to raise beer prices by at least 15%
...Click here
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Graph of the Week
Table of the Week
USA Hop Exports
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
THE HOP FLAVONOID POTENTIAL FOR DRY HOPPED BEERS
ABSTRACT
In recent years, several positive physiological and
pharmacological properties have been reported for
the xanthohumol and other prenylflavonoids from
hops, such as xanthohumol, isoxanthohumol, 6- and
8-prenynaringenin. This German research team has
developed an HPLC-MS/MS method for identifying and
quantifying nine hop flavonoids. They found that the
concentration of these compounds in beer is variety
dependent. Some of the flavenoids have very low flavour
thresholds and in combination it is possible that they
contribute to the bitter taste in dry hopped beer.
REFERENCES:
Schmidt, Ch.;Biendl, M.: LC-MS/MS Analysis of Hop Flavonoids in Dry-Hopped Beers,
November / December 2017 (Vol. 70)
Read more
Source: Barth Innovations
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These Days in Business History
22 March
1895 - Auguste and Louis Lumiere show their 1st movie to an invited audience
1933 - Franklin D. Roosevelt makes wine and beer with up to 3.2% alcohol legal
1960 - 1st patent for lasers, granted to Arthur Schawlow and Charles Townes
23 March
1836 - Coin Press invented by Franklin Beale
1857 - Elisha Graves Otis installs the world's first safety elevator for passengers in the E.V. Haughwout and Co. store in New York City
1861 - London's 1st tramcars, designed by Mr. Train of New York, begins operating
1951 - Wages in France increase 11%
24 March
1867 - Metropolitan Life Insurance Co. forms
1898 - 1st automobile sold
1955 - 1st seagoing oil drill rig placed in service
25 March
1814 - Netherlands Bank established
1954 - RCA manufactures 1st color TV set (12 1/2'' screen at $1,000)
1957 - Treaty of Rome establishes European Economic Community (Common Market)
1970 - Concorde makes its 1st supersonic flight (700 MPH/1,127 KPH)
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: Domestic barley use to remain unchanged but exports to rise by 16% this season
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For 2017-18, Canada’s total domestic use of barley is forecast to remain unchanged at 5.873 mln tonnes but exports are expected to rise by 16% to 2.7 mln tonnes due to stronger import demand related to lower world barley supplies, Agriculture and Agri-Food Canada said in its March report.
Carry-out stocks are forecast to fall by 27% to 1.6 million tonnes and remain near the previous three and five-year averages. The Lethbridge In-store feed barley price is forecast to increase due to tight domestic supply and decline in the supply of other domestic feed grain substitutes.
The Lethbridge barley price, October to mid-February had traded in the C$210-220/t range. However, in March the market jumped close to C$20/t to a crop year high. The seasonal upturn is related to late winter snows and continuing strong barley exports, mainly to China. In addition, the US$0.30/bushel (bu) increase in the old-crop US corn futures price has provided strong support for North American and world coarse grain prices.
Due to strong supply in North America, the price of domestic malt barley price has not increased to the same extent as feed barley. The premium for malting barley relative to feed barley has narrowed. It is
...More info on site
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USA: US hop stocks up 21% from last year
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U.S. hop stocks totaled 169 million pounds on March 1, up 21 percent from a year earlier and marking the third March in a row that it has increased, the Capital Press reported on March 22.
“This was certainly expected. We are hearing that prices for certain varieties, particularly the larger-acreage public varieties of Cascade and Centennial, saw substantially lower prices on the spot market last fall,” said Ann George, executive director of Hop Growers of America and the Washington Hop Commission in Moxee, near Yakima.
Much of the crop is contracted a pre-defined prices so lower prices generally only impact spot markets such as over-contract or rejected production volumes or acreage for which a multi-year contract has expired, George said.
A lot of that acreage will be replanted in varieties that are not currently over supplied and some acreage may go idle for a year or two on the hope of a more even supply-demand balance, she said.
Acreage expansion is unlikely this year, she said.
The 169 million-pound inventory amounts to 132 million pounds held by dealers and growers and 37 million pounds held by brewers, according to the USDA National Agricultural Statistic Service. The March 1 report was released March 15.
Proportionately, less
...More info on site
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Mexico: Constellation Brands to expand production capacity of its Sonora brewery
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Constellation Brands has announced that it will invest $900 million to expand the production capacity of its production facility in Ciudad Obregón, Sonora, Mexico, FoodBev.com reported on March 22.
According to the brand, the investment will expand the production capacity of the facility by approximately 5 million hectolitres over the next four years and create up to 450 new jobs.
Constellation acquired the facility from Modelo for $600 million in 2016, as it aimed to strengthen its position in the North American beer market.
Daniel Baima, president of Constellation Brands in Mexico, stated: “Mexico and Ciudad Obregón are of fundamental importance to Constellation Brands; the high calibre of talent in the community and their utmost commitment to making quality products are a few of the reasons why we selected Ciudad Obregón in the first place and continue investing here.”
“Since the acquisition of the brewery in December 2016, we have had the opportunity to work closely with many sectors of the community, including farmers, ejidatarios, union representatives, social groups, media, industry and commerce groups, schools and universities, environmental groups and Government officials, who have welcomed us with enormous warmth and have embraced our facility and staff.”
Ildefonso Guajardo, Mexico’s Secretary of Economy added: “The
...More info on site
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USA, MI: Looking Glass Brewing Company plans to open to public next week
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The vacant, 5,800 square-foot church in downtown DeWitt was a bigger project than Joel Dillingham and his partners were looking for, the Lansing State Journal reported on March 21.
But with its bright stained glass windows and open feel, they couldn't help but think it was an ideal spot to open their brewery, Dillingham said.
“We couldn’t have set this up any better," he said on a recent tour of the now-complete Looking Glass Brewing Company. “You want the place to be inviting. If you walk into a church and it doesn’t feel inviting, there’s something wrong with that.”
Dillingham co-owns the brewery with his wife, Shelly, and another couple, Lee and Jodi Streeter. They bought the former church building from the city in January 2017 and have since poured about $700,000 into equipment and upgrades for the space.
They plan to open to the public this week.
Dillingham, who spent more than 10 years working in sales for OfficeMax, first became interested in craft beer while traveling for work. He'd scope out the best local food spots, many of which happened to be breweries.
“Now when I travel, I only look for breweries," he said.
About four years ago, he met Streeter,
...More info on site
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USA, MO: Tie & Timber Beer Company to open its doors in Springfield on April 14
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Tie & Timber Beer Company, a small-scale brewery that has been in development in east-central Springfield's Rountree neighborhood for 18 months, announced on March 19 that it will hold a grand opening April 14, the Springfield News-Leader reported.
The news comes after brewery owners Jen Leonard and Curtis Marshall spent a lot of time and effort lobbying nearby residents to support their project. Rountree is governed by rules including an urban conservation district adopted by City Council in 1985.
Leonard and Marshall also worked to secure zoning changes from the city. Meanwhile, they had to get approval from state and other regulatory agencies for a beer-brewing operation.
"The actual zoning went smoother than expected," Marshall told the News-Leader Monday, "and we got incredible feedback from the neighborhood. We wouldn't have chosen this location unless (Rountree residents) wanted us to be here."
Marshall noted that after speaking to microbrewery peers locally and elsewhere around the country, he and Leonard think they had "pretty smooth sailing, overall" as they worked to get Tie & Timber up and running.
"We have no complaints," he said.
Nearby neighbors have been eager to try out Tie & Timber, Marshall said.
"Every single day, we have people," he said. "They walk
...More info on site
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USA, MD: Baltimore’s Full Tilt Brewing to open its own brewing facility
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After years of contract brewing, Baltimore’s Full Tilt Brewing plans to open its own brewery and taproom in the city’s Govans neighborhood this fall, the Baltimore Sun reported.
Founded by Dam Baumiller and Nick Fertig, two cousins from Baltimore, Full Tilt will move its operations to 5604 York Road as a part of the B-More Kitchen and Accelerator Space project, according to a news release. Full Tilt plans to open the brewery — which will include a taproom, event space and an outdoor patio — in the fall, the release said.
Known for beers like Hops the Cat India pale ale and Fleet St. Raspberry Wheat, Full Tilt currently contract brews at Peabody Heights Brewery in Abell.
The brewery will not have a kitchen, but will instead partner with the food vendors that are a part of the B-More Kitchen and Accelerator Space.
The taproom, which will have bar and table seating, will accommodate about 110 guests, the release said, and will include an area for shuffleboard and arcade games. They plan to host local musicians as well, according to the release. The brewery will feature a wheelchair-accessible ramp.
Having their own space will allow the brand to brew styles they haven’t produced in a
...More info on site
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USA, OH: Akronym Brewing getting closer to opening
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Akronym Brewing is getting closer to opening, the Akron Beacon Journal reported on March 21.
The Akron brewery, located downtown at 58 E. Market St., received its state brewing permit last week and hopes to begin brewing this week.
“We’re in good shape now,” co-founder and brewer Shawn Adams said Monday. (March 19)
There’s no definitive opening date yet because the interior is still under construction. Adams would only say “reasonably soon.”
Akronym, which employs a 10-barrel brewhouse, wants to build up its inventory and have seven or eight beers ready to go before opening its doors.
The brewery has committed to serving beer at the fourth annual Rubber City Beer Fest, the Society of Akron Zymurgists’ beer tasting set for April 14 at Lock 3 Park in downtown Akron. So that will likely be the first opportunity for the public to sample the area’s newest craft brewery.
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USA, TX: Bear King Brewing planning summer opening in Marble Falls
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Many breweries, as small businesses, tend to be family affairs — but perhaps none quite like this one. Bear King Brewing, planning a summer opening in Marble Falls, is the vision of four siblings and their families.
Bear King Brewing, just off Main Street in the town an hour northwest of Austin, will have a 5,500 sq. ft. taproom and restaurant with indoor seating for more than 200 visitors, an outdoor beer garden, patio games and live music. And, of course, it’s aiming to be a family-friendly place.
Siblings JD Guidry, Grant Guidry, Blake Guidry and Jackie Blakely (formerly Guidry) are joining forces to open Bear King, named after “a centuries-old local legend that allegedly lived in the outskirts of Marble Falls,” Grant Guidry said via email.
“His existence was never verified — was it a bear, was it a man? was it half-bear, half-man? Not our call to say — but sharing stories, whether tall tales or utter truth, brings people together,” he said. “We want to be a place where people can get together, tell stories and create legends of their own over a great beer.”
The beer program will launch with three mainstay brews, as well as a variety of seasonals
...More info on site
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USA, CA: Council Brewing Company expanding into new brewery in Santee
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Council Brewing Company, which launched in 2014 in Kearny Mesa, is expanding into new brewery and tasting room in Santee, the Eater San Diego reported on March 21.
Founders Liz and Curtis Chism once owned a home in the East County neighborhood, and will be taking over the space previously held by Finest Made Ales, which includes a seven barrel brewhouse. In a blog post, head brewer Liz Chism shared that this brewery will primarily focus on brewing IPAs, which will be canned as part of a rotating series, as well as give Chism the capacity to do more collaboration beers. The brewery has also become known for its sour beers, which it will continue to make at its original Convoy area facility.
The Santee tasting room will feature a variety of Council’s lineup on tap, from its sour beers to more lighter-drinking styles and its house kombucha, Magic Booch. The new location could open in the next two to three months.
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USA, MA: Naukabout Brewery & Taproom finally ready to open its doors in Mashpee
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Years in the making, the Naukabout Brewery & Taproom is finally ready to open its doors and start pouring beers. Located on an iconic property that once housed The Flume Restaurant at 13 Lake Ave in Mashpee, the brewery is just 10 miles from the Sagamore Bridge and has views of both Lake Mashpee/Wakeby and the Mashpee River, Brewbound reported on March 21.
The 7bbl brewhouse has been in full production mode for the last month getting eight brand new beers ready for the public. For the grand opening, the public will have the opportunity to try a wide-array of hop-forward beers as well as some lighter and darker fare. In addition to enjoying the beers on draft customers will have the opportunity to take cans to-go so they can enjoy their favorite styles at home.
“We are excited to be joining the growing force of local Cape Cod artists and creators — from glass blowers, wine makers, oyster farmers, musicians…— we’re eager to give locals and visitors something special to experience on The Cape.”Cape-native and CEO Peter Murner said. “We have this picturesque location up on the hill overlooking Lake Mashpee, we’re gearing up to open the doors at the end
...More info on site
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USA, IN: Happy Brewing Co. officially opens in Indianapolis
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Indianapolis’ newest brewery is officially open. Happy Brewing Co. opened on March 21 in the Butler-Tarkington area at 4 p.m., the Patch.com reported.
The new brewery and brewpub located at 3902 N. Illinois Street has fresh beer on tap and food for those who come with an appetite. The new Tarkington Park is located right across the street, if that makes the area more familiar.
Sit down, relax and have a beer or two (21 and older only welcome), and enjoy the service and brews at Happy Brewing Co. Be safe, and utilize a sober driver if needed as the brewery is open most weekdays and weekends.
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India: New report gives favourable outlook for beer market in India
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Noting that India has one of the lowest levels of beer consumption per capita in Asia, a BMI Research report said it holds a
...More info on site
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Myanmar: Fraser & Neave gains government approval to return to Myanmar’s beer market
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Singapore’s Fraser & Neave has gained approval from Myanmar’s investment commission to return to the country’s beer market, where it would compete against its
...More info on site
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Vietnam: Numerous foreign investors eager to acquire stake in Habeco
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Along with Carlsberg, the Danish Brewer holding 17.3 per cent stake in Hanoi Beer, Alcohol and Beverage Corporation (Habeco), numerous foreign investors are looking
...More info on site
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World: AB InBev sets climate, water goals to support beer sales
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Anheuser-Busch InBev, the world’s biggest brewer, said on March 21 it would cut its greenhouse gas emissions by a quarter by 2025 and help thousands of farmers cope with disruptions to water supplies stoked by global warming.
The Belgium-based brewer also said it would make all its packaging either returnable or from mainly recycled materials by 2025 and was on track to achieve a goal set in 2017 to get all the electricity it buys from renewable sources by 2025.
“It’s a win-win … It’s good for business and good for the environment”, chief executive Carlos Brito told Reuters of the new sustainability goals. He declined to estimate the total cost of the measures or the impact on earnings.
Brito said AB InBev, whose beers include Budweiser, Corona and Stella Artois, was vulnerable to environmental changes since it relied on barley, malt, hops, wheat, rice and other products grown by 50,000 farmers in dozens of nations.
“If the environment has a problem, we have a problem,” he said in a telephone interview from New York of disruptions such as heatwaves, droughts, floods and storms linked to climate change.
“If we were a supplier of smartphones we would make them in one location and ship around
...More info on site
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South Korea: Hite Jinro toasts rise in export shipments
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Hite Jinro Co., a major South Korean liquor maker, said on March 21 outbound shipments of its products nearly tripled over the past 20 years, as it moves to expand its presence in the global market, the Yonhap News reported on March 21.
Exports of the company's alcoholic beverages came to 94 billion won (US$87.8 million) last year, up 177 percent from 33.9 billion won tallied in 1997, it said.
By country, Japan was the largest importer of Hite Jinro's products, accounting for 56.6 percent of the total outbound shipments last year.
Yet, the tally is down from 80.6 percent in 2012, as the liquor maker has been putting efforts to diversify its export markets.
Southeast Asian countries, which imported 3.6 percent of Hite Jinro's total exports in 2013, comprised 17.6 percent of the total in 2017, the company said.
Hite Jinro currently exports beer and soju to 88 countries, it said.
"With Southeast Asia as an outpost, we will continue our efforts to raise awareness of soju to other foreign markets," company executive Hwang Jeong-ho said during a ceremony in Hanoi to mark the 50th anniversary of the launch of its outbound shipments to Vietnam, its first soju export destination.
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India: AB InBev to launch Beck, relaunch other brands in attempt to ramp up investments in India
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Anheuser-Busch In-Bev plans to introduce global lager brand Beck’s in India and relaunch others in an attempt to ramp up investment in the country, which it expects could become the largest beer-consuming market in the world, the Economic Times reported on March 22.
The company’s shipments in India increased at a double-digit rate, putting it among the fastest-growing territories for the world’s biggest brewer. Premium brands Budweiser, Hoegaarden and Corona are driving this growth, Ben Verhaert, the company’s India president, said in his first interview after joining the country’s second largest brewer last year.
“India has the second-largest consumer base and is one of the top priorities for the parent company. It is a country where we want to invest more. We have the most diverse portfolio and are extremely strong towards premium — the leader in this segment,” said Verhaert.
The new brand, Beck’s Ice, will be first launched in Maharashtra and then rolled out nationwide. While AB InBev has been importing brands, this will be the first brewed-in-India brand launch in more than a decade.
AB InBev, which produces one in four beers around the world, was a fringe player until two years ago in the Indian market,
...More info on site
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Ukraine: Barley stocks down 25.5% as of March 1
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According Ukraine’s State Statistics Committee, cereal and pulse stocks in Ukraine totaled 19.03 mln tonnes as of March 1, 2018, i.e. 0.9% less than on the same date last year (19.21 mln tonnes), reports UkrAgroConsult.
At the same time, wheat stocks were up 3.4% year-on-year at 6.25 mln tonnes against 6.05 mln tonnes recorded as of March 1, 2017. Barley stocks were down 25.5% at some 1.18 mln tonnes (1.59 mln tonnes in March 2017).
Corn inventories lowered too. They totaled 10.56 mln tonnes as of the reporting date, i.e. 0.5% less than last year (10.61 mln tonnes).
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India: Telangana set to raise beer prices by at least 15%
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This summer, consumers will have to shell out more for chilled beer as the Telangana State Government is set to hike the prices by at least 15 per cent in a week or ten days, The Hans India reported on March 21.
A committee comprising officials of state Excise department submitted a proposal recommending increasing prices of beer to Chief Minister K Chandrasekhar Rao. In view of the increase of beer consumption in summer every year, officials said that hiking prices in the peak season will help the government earn more revenue in the beginning of the 2018-19 financial year. This is a classic case of making hay while sun shines.
As per the excise policy, the government would have to revise the liquor prices every two years. The proposal for the increase of liquor prices has been hanging fire since the bifurcation of the State in 2014. The TS government revised liquor prices in December last.
The increase in beer prices would push up revenue by 2 per cent to 3 per cent every month. At present, liquor sales are contributing nearly Rs 900 crore to the state's exchequer every month.
In summer last year, beer sales had hit an all-time record. A
...More info on site
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