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E-Malt.com Newsletter 13b
March 29 - April 01, 2018
Quote of the Week
There is nothing like a dream to create the future.
Victor Hugo
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Currency Rates
Base Currency: US Dollar
on March 30, 2018 |
Base Currency: Canadian Dollar
on March 30, 2018 |
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1 USD = 0.8122 EUR
1 USD = 0.7115 GBP
1 USD = 1.2904 CAD
1 USD = 1.3032 AUD
1 USD = 106.5200 JPY
1 USD = 3.3139 BRL
1 USD = 57.7626 RUB
1 USD = 6.2883 CNY
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1 CAD = 0.7748 USD
1 CAD = 0.5513 GBP
1 CAD = 0.6293 EUR
1 CAD = 1.0098 AUD
1 CAD = 82.5300 JPY
1 CAD = 2.5678 BRL
1 CAD = 44.5685 RUB
1 CAD = 4.8724 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Constellation Brands report nearly 12% rise in Q4 beer sales
...Click here
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USA, VA: Ober Brewing Co. to hold official opening on March 31
...Click here
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USA, TX: Bold Republic Brewing set to launch in Belton later this spring
...Click here
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USA, CT: Milford Point Brewing to open for business on April 7
...Click here
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USA, TX: Longtab Brewing to open as Leon Valley’s first combined brewery and coffee shop by year-end
...Click here
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USA, VA: Shiplock Brewing preparing for launch in Richmond
...Click here
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France: 2017 marks fourth consecutive year of increase in beer sales
...Click here
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World: UK, France report important seeding progress for barley
...Click here
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Russia & Ukraine: AB InBev and Anadolu Efes complete 50:50 merger of businesses in Russia and Ukraine
...Click here
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Kenya: East African Breweries to launch its new brewery in Kisumu in July
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Vietnam: ThaiBev files complaint with government over board members issue
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Georgia: Natakhtari Brewery gets license to produce Staropramen beer in Georgia
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Graph of the Week
Table of the Week
World Malt Exports by Country and by Value
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
STAYING IN THE BITTER FIELD
ABSTRACT
We already know about hop flavonoids and their bitter
taste, but there are other bitter compounds in hops
we know and don't know. These researchers call these
others "auxiliary bitter compounds", comprising the
bitter compounds that do not include the iso-alpha
acids. In a sensory context those components can
influence the bitter quality. To assess the bittering
effect of these compounds one can work with the ratio
between the Bitter Units and the HPLC measured
concentration of iso-alpha acids. This ratio of course
increases with hop varieties with low alpha content e.g.
land-race varieties. In addition to the above mentioned
flavonoids, additional compounds present in hops are
formed from alpha-acids (humulinones, deoxyhumulones),
as well as those formed from beta-acids during wort
boiling (hulupones, hulupinic acid and hydroxyltricyclolupulones).
Various studies have shown that
the sensory evaluated bitterness quality correlates
positively with higher IBU/iso-alpha acids ratios. So it is
about time to leave behind the old categorization into
bitter and aroma varieties, since yes, aroma varieties
also give great (or even greater?) bitterness!
REFERENCES:
Forster, A. et al: What are Auxiliary Bitter Compounds in Hops and how do they Affect the
Quality of Bitterness in Beer? November / December 2017 (Vol. 70)
Read more
Source: Barth Innovations
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These Days in Business History
29 March
1886 - Chemist John Pemberton begins to advertise for Coca-Coke
1888 - James E. Casey is born, founder of United Parcel Service
1918 - Sam Moore Walton, future founder of Wal-Mart, is born in Kingfisher, Okla
30 March
1858 - Pencil with attached eraser patented by Hyman L. Lipman
1867 - U.S. Secretary of State William H. Seward agrees to purchase the Alaskan territories from Russia for $7,200,000
31 March
1889 - 300m Eiffel Tower officially opens, commemorates French Revolution
1896 - Whitcomb Judson, Chicago, patents a hookless fastening, also know as the zipper
1917 - U.S. purchases Danish West Indies for $25M and renames them Virgin Islands
01 April
1778 - Oliver Pollock, a New Orleans businessman, creates "$" symbol
1826 - Samuel Mory patents internal combustion engine
1891 - The Wrigley Company is founded in Chicago, Illinois
1935 - India's central banking institution, The Reserve Bank of India is formed
1986 - World oil prices dip below $10 a barrel
1989 - Margaret Thatcher's new local government tax, the Community Charge (commonly known as the "poll tax"), is introduced in Scotland
2015 - Apple Inc. is formed by Steve Jobs, Steve Wozniak, and Ronald Wayne
Agenda
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: Constellation Brands report nearly 12% rise in Q4 beer sales
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Constellation Brands Inc reported fourth-quarter sales and profit on March 29 above Wall Street estimates, driven by strong demand for high margin Corona and Modelo beers and expensive wines such as Meiomi.
The boost in demand for Mexican beers is a result of a growing Hispanic population, a demography the company has been focusing on to widen its consumer base. The strategy helped the company’s sales beat estimates for the third straight year.
The Hispanic population is the second-fastest growing ethnic group in the United States and accounted for 18 percent of the total population in 2016, according to Pew Research Centre.
Beer sales, which accounted for about 77 percent of the net sales in the quarter, rose nearly 12 percent to $997.2 million.
Net sales rose 8.5 percent to $1.77 billion in the quarter, beating the analysts’ estimate of $1.75 billion that the maker of Robert Mondavi wines and SVEDKA vodka was expected to generate.
To cater to the rising demand, Constellation, which imports most of its beers from Mexico, said it would spend $900 million in 2019 to expand capacity of its breweries in Ciudad Oberon that lies south of the border.
Constellation shares rose 3 percent on March 29 after the company said
...More info on site
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USA, VA: Ober Brewing Co. to hold official opening on March 31
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A new brewery is opening this weekend amid the Roanoke Valley's burgeoning craft beer scene, the Roanoke Times reported on March 29.
Ober Brewing Co. officially opens its doors Saturday, March 31 at 2 p.m. It has been in the works for about a year at a former warehouse property at 1443 Lakeside Circle off of Kessler Mill Road. It's owned and operated by Dave Ober, who studied brewing at the Siebel Institute of Technology in Chicago, and his wife, Jennifer Ober. The Obers have installed a 3.5-barrel brewing system in the 3,200-square-foot space. The first four beers on draft are a coffee stout, an American amber ale, an American IPA and a Belgian witbier with some orange zest. More taps will be added over time. Dave Ober plans for the brewery to be a regular spot for live music and food trucks and both will be featured on Saturday.
The brewery will be open 2 to 10 p.m. on Saturdays and, starting next week, it will be open 4 to 9 p.m. on Thursdays and 4 to 10 p.m. on Fridays. Hours are expected to extend in the future, Ober said. This is the third brewery in Salem, joining Olde Salem
...More info on site
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USA, TX: Bold Republic Brewing set to launch in Belton later this spring
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There is something new brewing in a Central Texas city, KXXV News Channel 25 reported on March 28.
Bold Republic Brewing is set to open its doors later this spring in Belton, making it the first brewery in the city and only the second in Bell County.
"We feel blessed to be the first brewery that made it to Belton," brewery owner, Patrick Hodges said. "We are just local people trying to do something great... we like the Republic of Texas and we like Texas history so Bold Republic had to be it."
With tables made from barn wood found in Central Texas and drinks named after iconic things in the community, Hodges said they are excited to call Belton home.
"To have those elements in there, it's unbelievable because it's teaching me as I go bits of history here that I didn't even know," Hodges said.
The history that this brewery is ready to be a part of. Hodges said this dream has been 2 years in the making.
"When I was living in Virginia Beach as a teacher, we were going to a lot of places that were doing the same homebrew style that I was and I thought, we can do this. We
...More info on site
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USA, CT: Milford Point Brewing to open for business on April 7
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Milford Point Brewing announced on March 28 that it will officially open for business on April 7, 2018, serving as the first brewery to open in Milford, Connecticut. Located at 230 Woodmont Road, co-owners Jerry Candido and Chris Willett are focused on serving great-tasting local craft beer to local craft beer drinkers, according to a new release.
"We're giving folks in Milford and the surrounding communities a great-tasting, homegrown craft beer option," said Candido who is a West Haven native and currently resides in Milford.
Milford Point Brewing is a nano-brewery, meaning that it produces beer in small batches – three barrels or smaller – focusing on quality over quantity. Willett, who also resides in Milford, met Candido around seven years ago while their daughters were playing on the same softball team.
Soon thereafter, the two became friends, and Candido, who previously only consumed mass-produced beers like Bud Light, was converted after trying Willett's home-brewed craft beer.
"I have really always liked craft beers," said Willett in a statement. "After a while, I figured it was worth trying to make my own craft beer. It just so happens that the beer I was brewing was good, at least in my opinion, and my family
...More info on site
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USA, IN: Tow Yard Brewing looking for new owner
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Tow Yard Brewing Co. in Indianapolis is looking for a new owner. The company, which filed for Chapter 11 bankruptcy protection in January, plans to auction off all of its equipment at a court-ordered auction next month, unless a buyer comes forward to acquire the brewery, the Inside Indiana Business reported.
The onsite auction is scheduled for April 9 and will include all of Tow Yard's brewing, restaurant and bar equipment, as well as seating and furnishings. Indianapolis-based Key Auctioneers will conduct the auction and says the items up for auction range from a 20-barrel brewing system to a 16-tap beer dispenser system and three walk-in coolers.
Key Auctioneers says potential buyers would not only acquire the brewery and restaurant assets, but the company's intellectual property, including recipes, trademarks and copyrights, website and social media accounts.
In January, the company announced on Facebook it had filed for bankruptcy as it renegotiated its lease in downtown Indy. The post said at the time the brewery was not closing, but rather "we are rebuilding and plan to come out a superior brewery." Another post last week stated the brewery was "temporarily closed while we reinvent!"
The auction is scheduled to begin at 10:00 a.m. on
...More info on site
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USA, TX: Longtab Brewing to open as Leon Valley’s first combined brewery and coffee shop by year-end
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Dave Holland aims to open San Antonio’s first combined brewery and coffee shop in the Leon Valley area before the end of the year. The dual coffee and beer format is a growing industry trend, and Holland cited Austin’s Red Horn Coffee House & Brewing Co. as an influence, mysanantonio.com reported.
“I’m a coffee freak and a beer geek,” Holland said. “I definitely want to be one of the first in San Antonio to offer both.”
Longtab Brewing pays tribute to Holland’s long military career. Holland is a recipient of the U.S. Army Special Forces Tab, aka “Long Tab,” worn by Green Berets. Holland, who currently serves in a Special Forces unit with the National Guard, is months from retiring after 30 years of military service. He’ll be joined by fellow Green Beret Mike Brown as head brewer. Holland’s wife and Longtab co-owner, Natalie Holland, will run front-of-house operations.
Many of Longtab’s brews bear a military-inspired name, such as the OSS Oatmeal Stout, Black Hops IPA and Pineland Oppression Pale Ale. Holland said a portion of the brewery’s profits would be used to support the San Antonio-based Green Beret Foundation, which provides services to the families of wounded and killed Green Berets.
Holland has
...More info on site
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USA, VA: Shiplock Brewing preparing for launch in Richmond
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The company behind Southern Railway Taphouse confirmed this week it is preparing to launch Shiplock Brewing in the former 7 Hills Seafood & Brewing space nearby at 115 S. 15th St. The group also owns District 5 in the Fan, the RichmondBizSense reported on March 28..
Mark Chavez, who will be overseeing Shiplock Brewing, said it is targeting a mid-May to early June opening.
The 8,400-square-foot space will be reopened as a brewery and restaurant serving lunch and dinner, taking advantage of the equipment left behind after the departure earlier this year of 7 Hills.
“It’s really a turnkey operation,” Chavez said. “We’re waiting on permits from ABC and the city, as well as a few other things that may take a while … but as far as getting the space ready, all that it’s really going to require is some paint and some new furniture.”
To handle the beer side of the business, Shiplock has hired James McGraw, the former head brewer of Colorado-based BierWerks Brewery. McGraw, who graduated from the Doemens Academy in Germany, helped oversee and grow BierWerks’ collection of German-style beers.
“James comes to us with a lot of experience that we need to get the brewery going,” Chavez said.
Chavez said
...More info on site
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France: 2017 marks fourth consecutive year of increase in beer sales
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Beer for an aperitif is no longer taboo. France is a country far more typically known for its wines and liqueurs, but the French
...More info on site
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World: UK, France report important seeding progress for barley
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There was an important seeding progress for barley in the UK and France between last Friday and Monday, since Tuesday it has been mostly
...More info on site
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Russia & Ukraine: AB InBev and Anadolu Efes complete 50:50 merger of businesses in Russia and Ukraine
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World’s largest brewer, Anheuser-Busch InBev (AB InBev) said on March 30 that it had completed the proposed 50:50 merger with Turkey’s leading brewer Anadolu
...More info on site
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Kenya: East African Breweries to launch its new brewery in Kisumu in July
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The Sh15 billion East African Breweries Limited plant in Kisumu will be launched in July, EABL managing director Jane Karuku has said.
On March 29,
...More info on site
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Vietnam: ThaiBev files complaint with government over board members issue
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Thai Beverage has accused Saigon Beer Alcohol Beverage of not accepting its proposed representatives as board members, despite the Thai company acquiring a majority
...More info on site
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Georgia: Natakhtari Brewery gets license to produce Staropramen beer in Georgia
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Natakhtari Brewery now has the license to produce Czech Staropramen beer in Georgia, Georgia Today reported.
“Staropramen was established 150 years ago and since then it has been refining its product and I have no doubts that beer produced by Natakhtari will be exactly the same as it is in the Czech Republic,” Nino Beneta Director of Molson & Coors for Eastern Europe, Exports and Licensed Brand, said after a brewing tour organized by the brewery for a group of visitors on March 28.
“Staropramen Beer is a global brand of Czech origin,” said Nikoloz Khundzakishvili, Corporate Director of Natakhtari. “It was extremely important for us to obtain license for its production. Natakhtari was recognized as a company which produces the highest quality beer. The licensing process took one year. We made investments both in infrastructure and quality control improvement and, as a result, we became one of the best producers in the world.”
“Staropramen Beer is popular among Georgian beer fans who understand the value of the brand. Natakhtari is proud to have started production of such a brand locally. In my opinion, it’s a great opportunity for beer fans to have locally produced Staropramen,” said the Business Ombudsman of Natakhtari’s success.
Natakhtari
...More info on site
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UK: Feed barley market remains tight and rising
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Farmer-to-farmer trade is dominating movement in a tight and rising feed barley market in the United Kingdom, the FarmersWeekly reported on March 29.
Feed barley prices gained more than £2/t in the week to Wednesday (28 March), averaging £138.80/t ex-farm.
This further narrowed the gap between wheat and barley, with feed wheat moving up just 70p/t to average £144/t ex-farm.
Barley has gained about £14/t over the past eight weeks, compared with an £8.50/t rise in wheat values. Continental European barley values have also risen.
Prices fell last week on a stronger pound, along with rain in parts of a very dry US. The pound’s strength came from the EU-UK transition agreement reached on 19 March.
The UK market continues to see a very wide range of prices, with spot barley anywhere between £130/t and £145/t, with the strongest prices in the south-west and north-west regions.
Feed wheat midweek ranged from £134/t to £153/t ex-farm, with the strongest prices as usual in the North-East.
Tyneside based GrainCo was loading a 26,500t barley boat this week bound for Algeria, following a deal done three months ago. Even if more barley was available now, UK grain was too expensive for the export market, said managing director Gary Bright. Looking
...More info on site
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