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E-Malt.com Newsletter 15a
April 09 - April 11, 2018
Quote of the Week
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Currency Rates
Base Currency: US Dollar
on April 11, 2018 |
Base Currency: Canadian Dollar
on April 11, 2018 |
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1 USD = 0.8105 EUR
1 USD = 0.7062 GBP
1 USD = 1.2650 CAD
1 USD = 1.2916 AUD
1 USD = 107.0900 JPY
1 USD = 3.4161 BRL
1 USD = 62.3699 RUB
1 USD = 6.2883 CNY
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1 CAD = 0.7904 USD
1 CAD = 0.5582 GBP
1 CAD = 0.6406 EUR
1 CAD = 1.0209 AUD
1 CAD = 84.6400 JPY
1 CAD = 2.7001 BRL
1 CAD = 49.1341 RUB
1 CAD = 4.9702 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Sales of beer at multi-outlet and convenience stores up 1.5 percent through March 25
...Click here
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USA: Brewers Association publishes list of 50 fastest growing craft breweries
...Click here
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Canada: Feed barley prices bring more joy to farmers than those of malting barley
...Click here
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Canada, ON: Ontario Minister of Finance announces changes to Small Beer Manufacturers’ Tax Credit
...Click here
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Canada, ON: Dunvegan Brewing already open in Rycroft
...Click here
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USA, CO: Holidaily Brewing to break ground on new production facility in the coming weeks
...Click here
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Canada, ON: Kinkardine’s Grey Matter Brewing to open its doors on April 26
...Click here
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USA, MA: Granite Coast Brewing Co. to become Peabody’s first craft brewery
...Click here
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USA, NY: River Outpost Brewing officially open in Peekskill
...Click here
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USA, FL: Hammerstein Brewing Co. in process of finalizing new brewery
...Click here
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USA, MI: Third Nature Brewing Co. planning 6,400-square-foot brewery in Rockford area
...Click here
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Canada, ON: Chronicle Brewing set to open on April 28 in Bowmanville
...Click here
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Canada, ON: Steam Whistle Brewing to open Von Bugle Brewing in Etobicoke later this year
...Click here
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USA: AB InBev launches orange flavor Bud Light beer
...Click here
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Canada, ON: Ottawa’s Dog & Pony Brewlab officially shut down
...Click here
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EU: EU malt exports in July-March 2017/18 decline by 4%
...Click here
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UK: Beer responsible for almost half of all on-trade drink sales in the UK
...Click here
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Russia: Beer production down 2.9% in January – February this year
...Click here
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Australia: Beer industry generates A$16.9 bln a year in economic activity
...Click here
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World: Increasing thirst for beer at risk of crashing into declining trend of malting barley production
...Click here
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World: Feed barley use may have been underestimated, carry-over stocks overestimated for some years - analysts
...Click here
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The Philippines: San Miguel Corp. expects to raise $3.6 bln from sale of merged food and drinks unit shares
...Click here
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India: Liquor companies toast revived consumer demand in January-March
...Click here
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Graph of the Week
Table of the Week
Africa Barley Imports, Production, Consumption, and Stocks
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
09 April
1799 - Income Tax introduced in UK
1957 - The Suez Canal in Egypt is cleared and opens to shipping
2007 - Apple Computer unveils the revolutionary iPhone
10 April
1790 - U.S. Patent system forms
1816 - The Federal government of the United States approves the creation of the Second Bank of the United States
1930 - Synthetic rubber 1st produced
1956 - Philips broadcasts 1st Dutch color TV programs
11 April
1919 - The International Labour Organization is founded
1929 - Loetafoon celluloid film system demonstrated in Amsterdam
1992 - Euro-Disney opens near Paris
1994 - Software programmer Marc Andreesen, then 22 years old, and venture capitalist Jim Clark, the co-founder of Silicon Graphics Inc., found Mosaic Communications Corp
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)
24-26: 9th Iberoamerican VLB Symposium 2018 (Recife, Brazil)
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: Sales of beer at multi-outlet and convenience stores up 1.5 percent through March 25
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Market research firm IRI Worldwide, which tracks category-wide sales trends at off-premise retailers in the US, reported on April 5 that dollar sales of beer at multi-outlet and convenience stores were up 1.5 percent through March 25.
Much of that growth is being driven by imported beer, and specifically Mexican imports, dollar sales of which were up 11.5 percent during the period.
Dollar sales of craft beer, meanwhile, were up 5.3 percent, according to the firm.
Among the five largest beer companies – Anheuser-Busch InBev, MillerCoors, Constellation Brands, Heineken USA and Boston Beer – only Constellation and Boston Beer posted positive dollar sales growth, up 14.5 percent and 14.2 percent, respectively.
Boston Beer is growing to start the year, in spite of sales of its flagship Samuel Adams flagship declining 14 percent. Sales of the company’s seasonal SKU were up 69.5 percent while sales of Twisted Tea grew 22.8 percent.
AB InBev, MillerCoors, and Heineken were down 1.2 percent, 1.6 percent, and 4.2 percent, respectively.
Among craft brewing companies, Yuengling and Sierra Nevada both grew dollar sales 5.8 percent and 3 percent, respectively.
Dollar sales for New Belgium Brewing, however, were down 4.7 percent as its flagship Fat Tire Amber Ale declined 16.8 percent.
And sales of Lagunitas
...More info on site
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USA: Brewers Association publishes list of 50 fastest growing craft breweries
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The Brewers Association (BA) — the not-for-profit trade group representing small and independent craft brewers in the US — released on April 10 its inaugural list of the 50 fastest growing small and independent1 craft brewing companies of 2017.
Median growth from 2016 to 2017 for these breweries was 216 percent; the median size of breweries on the list went from 284 barrels in 2016 to 963 barrels in 2017. These companies represent 5.5 percent of craft’s growth by volume for 2017 and include eight brewpubs, 40 microbreweries and two regional craft breweries, the Association said.
The top five breweries on the list are:
1. CraftRoots Brewing Co (Milford, MA)
2. GoatHouse Brewing Co (Lincoln, CA)
3. Crowded Castle Brewing Co (Phoenixville, PA)
4. Idyll Hounds Brewing Co (Santa Rosa Beach, FL)
5. Royal Docks Brewing Co (Canton, OH)
“With 5 percent growth overall for small and independent brewers in 2017 and microbreweries and brewpubs delivering the majority of that, we wanted to spotlight some of the breweries driving that growth,” said Bart Watson, chief economist, Brewers Association. “As the growth base for craft becomes more diffuse, these fast growing brewing companies illustrate that a diverse set of success stories still exist.”
Breweries had to have opened 12/31/2015 or earlier to be considered.
...More info on site
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Canada: Feed barley prices bring more joy to farmers than those of malting barley
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Canadian farmers with barley in the bin have a bit of a love-hate relationship with barley prices right now, the Alberta Express reported on April 10.
They love that feed prices are so high, but hate that malt prices are so low.
“These prices are definitely something — to have feed prices where they’re at right now, it’s definitely out of the norm,” said Rimbey-area farmer Jason Lenz.
“I think everybody is enjoying these feed prices, but we’re just hoping that there are some good pricing opportunities for this year’s malt crop coming up.”
Demand for both feed and malt are up, here and abroad — partly because of sharply lower Australian production last year. That’s shown by Canadian exports, which had topped two million tonnes as of the start of March, nearly a one-third jump from a year earlier.
But while feed supplies are stretched, there was plenty of high-quality malt grown on the Prairies last year.
As a result, old-crop feed barley prices have shot up to C$5 per bushel in some parts of the province, while old-crop malt has fetched as little as C$4.25 a bushel.
Production contracts for the upcoming growing season are a little higher, at about C$5 per bushel, but that’s
...More info on site
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Canada, ON: Ontario Minister of Finance announces changes to Small Beer Manufacturers’ Tax Credit
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At a press conference held on April 9 at Amsterdam BrewHouse in Toronto, Ontario’s Minister of Finance Charles Sousa highlighted changes to the Small Beer Manufacturers’ Tax Credit that were included in the recently released 2018 Ontario Budget, the Canadian Beer News reported.
According to an accompanying press release, proposed changes to the Credit include “increasing the amount of support for brewers with taxable sales between 75,000 and 200,000 hectolitres, and increasing the worldwide production eligibility for the credit from 150,000 to 300,000 hectolitres.”
This follows the announcement on April 6 by the Ministry of Economic Development and Growth that a grant of C$1,330,860 from Ontario’s Jobs and Prosperity Fund has been awarded to Steam Whistle Brewery. The same day also saw an announcement of an investment of C$400,000 from the Southwestern Ontario Development Fund into Silversmith Brewing.
In addition, Muskoka Brewery has announced that the changes to the Tax Credit along with a government grant will help to find a C$5 million growth and expansion project this year, the largest in the brewery’s history.
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Canada, ON: Dunvegan Brewing already open in Rycroft
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The small village of Rycroft, located 70 km north of Grand Prairie in Northern Alberta, is now home to the province’s newest brewery, Canadian Beer News reported on April 5.
Dunvegan Brewing has been founded by Dale Steinke, and was granted Alberta’s 100th liquor producer’s license late last year.
The brewery officially launched in mid-March with the release of six brands – Peace Country Pale Ale, Over the Bridge APA, Dunvegan Brown Ale, Alberta Amber Ale, The 100 Session Ale, and ADD IPA. All are available in 6-packs of 355 ml cans at select liquor stores in Alberta.
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USA, CO: Holidaily Brewing to break ground on new production facility in the coming weeks
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In the coming weeks, Holidaily Brewing, one of the few certified gluten-free breweries in the U.S., will break ground on a new production facility that will dramatically expand its production capacity. The new brewhouse is being built across the street from the current Holidaily taproom located at 801 Brickyard Circle in Golden, Brewbound reported on April 6.
Ultimately, 20,000 barrels a year will be brewed in the new 10,000 square foot facility, which is scheduled to be operational by the end of 2018 and fully built out by 2021. All of the beer produced by Holidaily is, and will continue to be, certified gluten free by the Gluten-Free Certification Organization.
“Through our first two years of existence, we’ve seen great growth and acceptance of the Holidaily brand,” founder Karen Hertz said. “The demand for gluten-free products is strong and we’re excited by the opportunity to distribute our beer to all of Colorado, and potentially beyond.”
Holidaily’s beer production nearly tripled from 2016 to 2017, and the company plans further growth in 2018. Much of the consumption of gluten-free products is driven by the 3 million Americans who suffer from Celiac disease, a condition in which gluten—a protein found in common beer ingredients barley,
...More info on site
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Canada, ON: Kinkardine’s Grey Matter Brewing to open its doors on April 26
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A brewery that has been in the works for almost two years has announced that it will be opening later this month in Kincardine, a small community on the shore of Lake Huron in Ontario, Canadian Beer News reported on April 5.
Grey Matter Brewing has been founded by Michael Hueftlein, a brewmaster with past experience at several breweries including Neustadt Springs. His plans to open Grey Matter were reported by the Kincardine News in the summer of 2016, and work on the brewery has been progressing since then.
As noted in a Facebook post published on April 4, Grey Matter will be launching on Thursday April 26th. Previous posts noted two beers – Checkmate Helles Lager and Mission to Mars American Pale Ale – that are planned to be available on opening day.
Grey Matter Brewing is located at 726 Queen Street in downtown Kincardine.
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USA, MA: Granite Coast Brewing Co. to become Peabody’s first craft brewery
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Lifelong friends Jeff Marquis and Rob Dunn, owners of Granite Coast Brewing Co., started brewing craft beer as a hobby. Now, they're looking to share their best recipes with the North Shore, The Salem News reported on April 8.
The Peabody City Council granted the necessary special permit on April 5 for what will be the city's first craft brewery.
Their leased space at 77B Main St., in downtown Peabody, is currently under construction, but the two are hoping to open by late August. A patio will be open seasonally. The brewery will be neighbors with the Nex Mex Thing, a Mexican restaurant, which will move up the street.
Marquis and Dunn will start serving the 20 brews they have been perfecting for the past five years and cycle in new brews over time with a rotating tap list. Their style ranges from light pilsners and wits (Belgian white style) to easy-drinking stouts and alcohol contents that could "put you to bed."
"The goal is to have something for everyone," Marquis said, "and also to have new things every time you come in."
There won't be a full kitchen in the facility, so it will be BYOF — Bring Your Own Food.
...More info on site
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USA, NY: River Outpost Brewing officially open in Peekskill
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River Outpost Brewing, in Peekskill's Factoria complex, is officially open, The Journal News reported on April 10.
Though the new brewery has been slinging suds since February, the official opening was held on April 7, led by head brewer (and Captain Lawrence alum) Justin Sturges.
Officials from Westchester County, City of Peekskill, and Town of Cortlandt were on hand, as were the principal owners: longtime restaurateurs John Sharp of Birdsall House and Gleason’s, Louis Lanza of Hudson Hospitality Group (Taco Dive Bar, The Hudson Room, Eagle Saloon and Buns-N-Bourbon) and Captain Lawrence Brewing Co. founder Scott Vaccaro.
Beer aficionados will find eight original brews crafted on site, ranging from IPAs to pilsners and stouts. Among the offerings: Sharkee, a dry-hopped floral, dry pilsner; Skillbilly, a cloudy, straw-colored IPA; Cool Hand, a light, crisp lager and Nurse Batchie, a full-bodied brown porter.
There's also a bar menu featuring chicken wings, hummus, calamari, a River Outpost burger (with secret sauce), pizza and more.
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USA, FL: Hammerstein Brewing Co. in process of finalizing new brewery
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Two brothers have fused their surname with an iconic drinking vessel to dub one of the latest additions to Tampa Bay’s brewing community, cltampa.com reported on April 9.
The beer stein and founders Travis and Rob Hammer are where the coming-soon Hammerstein Brewing Co. gets its name from. The Hammers are in the process of finalizing the location of their new brewery, but regionites can rest easy knowing that it is planned for a site somewhere locally.
“We’re a few months out from opening doors, but keep checking back for updates on when we have a location and our soft grand opening!” reads an update posted to the Hammerstein Brewing Facebook page on April 6.
Alongside a variety of taproom games to keep patrons entertained, Hammerstein Brewing promises “modernized styles of traditional German recipes” from brewer John Kirk, according to its website. Co-founder Rob will serve as chef of the brewery’s on-site food truck as well.
One beer that’s been announced? A blackberry saison called Whoa, Black Betty! Bramble Jam. The brew is made with noble hops Hallertauer Mittelfrüh and Saaz, plus some fresh blackberries.
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USA, MI: Third Nature Brewing Co. planning 6,400-square-foot brewery in Rockford area
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Three Michigan natives plan to open a new microbrewery in the Rockford area, MiBiz reported on April 8.
A company currently doing business as Third Nature Brewing Co. plans to build a 6,400-square-foot brewery and 120-seat restaurant at 7733 Childsdale Ave. NE, located southwest of Rockford near the Rogue River, according to documents filed with Plainfield Charter Township.
According to partner Chad Zitzelsberger, early “work-in-progress” plans for the taproom concept focus on the brewery’s natural setting and play up the local outdoor lifestyle. The site is located close to the White Pine Trail and across the street from access to the Rogue River.
“We plan to have a beautiful beer garden out in the woods, a place where you can drink a beer outside, spend an afternoon and play games,” he said, noting all three partners are into running and cycling.
Zitzelsberger is partnering on the project with his brother, Troy Zitzelsberger, and brother-in-law Bryce Roebke.
Of the partners, Troy Zitzelsberger has prior brewery experience, having founded Hop Mori Brewing Co. in Seoul, South Korea in 2015, where he also serves as the company’s master brewer, according to documents filed with the township.
Representatives from Third Nature went before the township Planning Commission last week for
...More info on site
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Canada, ON: Chronicle Brewing set to open on April 28 in Bowmanville
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A new brewery with a name inspired by the owners’ love of “mythology, fables, games, medieval fantasy, sci-fi, and more” will be opening soon in Bowmanville, Canadian Beer News reported.
Chronicle Brewing is being established by founder Ted Paulsen, head brewer Jim Gorry (ex-Manantler Craft Brewing), and assistant brewer Allan Cowling. The group is currently working with a 4.7 hectolitre nanobrewing system, but plans to expand to a larger brewhouse later this year.
Originally planned to be called Canadian Parks Brewing – a name that was used on a collaboration with Town Brewery released several weeks ago – Chronicle is set to open on Saturday April 28th, with Paulsen telling Ontario Beverage Network that the initial line-up will include “Idaho 7 dry hopped kettle sour, Robust Milk Porter, classic West Coast IPA, English Mild, American style Amber Wheat,” and several others.
Chronicle Brewing is located at 422 Lake Road Unit 3 in Bowmanville.
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Canada, ON: Steam Whistle Brewing to open Von Bugle Brewing in Etobicoke later this year
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Daily Hive reports that Steam Whistle Brewing, a veteran Toronto brewery known a single iconic brand, will soon launching not only a second beer, but also a second brewery to produce it.
Von Bugle Brewing will be opening later this year at 249 Evans Avenue in Etobicoke, and the article provides the following details:
Founding Steam Whistle partner Cam Heaps shares […] that the new brewery, helmed by Brew Master Marek Mikunda, will continue in the tradition of German and Czech lagers – meaning cold fermenting and long-aging for maximum sessionability. Expect the new beer to be a member of the dark beer category, somewhere between amber to black and comprising an exclusively secured proprietary hop from the Czech Republic.
The report also notes that the new facility with feature “a full customer experience with tasting opportunities and retail.”
More details on Von Bugle and its beer should be announced as the brewery opening approaches.
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USA: AB InBev launches orange flavor Bud Light beer
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AB InBev has launched an orange flavour of its Bud Light beer in the US as it aims to profit from the popularity of flavoured lagers, FoodBev.com reported on April 9.
Released ahead of summer, the launch coincides with updated packaging for Bud Light lime.
AB InBev said that citrus flavours now account for 84% of the overall flavoured beer category in the US. Both variants incorporate real citrus peels into the brewing process.
To build consumer interest, Bud Light’s new commercials – titled ‘earth’ and ‘taste it’ – aim to highlight how both beverages are brewed with real citrus peels for perfect summertime refreshment.
The colourful new packs for Bud Light lime and Bud Light orange feature bright orange and lime details, with accents of real citrus peels.
Bud Light vice president of marketing Andy Goeler said: “Our millennial consumers are eager to try new, flavoured options in the light lager category. We wanted to create something new to engage with these consumers and bring them into the Bud Light family.
“Flavoured beer has seen steady growth with consumers continually looking for higher quality beverages made with real, natural flavours. Bud Light lime and Bud Light orange answers that call and reinforces Bud Light’s commitment
...More info on site
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Canada, ON: Ottawa’s Dog & Pony Brewlab officially shut down
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Ontario Beverage Network reports that Ottawa’s Dog & Pony Brewlab has officially shut down after several months of inactivity.
The nanobrewery was launched in May 2016 by Steve Fitzpatrick, Tristan Bragaglia-Murdock, and John Richardson, all former employees of Beyond The Pale Brewing. The trio brewed small batches out of the kitchen of Union Local 613 restaurant and bar, where their beers were exclusively available.
According to a statement posted on Facebook last week, the partners “felt the market was reaching saturation and it likely wasn’t a good time to enter,” and that they have “parted ways to work on their own respective projects.”
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EU: EU malt exports in July-March 2017/18 decline by 4%
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As per Taxud statistics, EU maltsters exported 1.624 mln tonnes of malt during July 1 – March 27, 2017/18, 4% less than a year
...More info on site
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UK: Beer responsible for almost half of all on-trade drink sales in the UK
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Beer is responsible for almost half (49.4%) of all on-trade drinks sales in the UK, followed by spirits (25.1%), wine and champagne (16.9%), and
...More info on site
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Russia: Beer production down 2.9% in January – February this year
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According to Rosstat data, Russia’s beer production continues to decline. Local brewers produced 2.9% less beer in January – February this year compared to
...More info on site
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Australia: Beer industry generates A$16.9 bln a year in economic activity
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The Australian beer industry generates A$16.9 bln (US$13 bln) a year in economic activity, accounting for just over 1% of the GDP, according to
...More info on site
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World: Increasing thirst for beer at risk of crashing into declining trend of malting barley production
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The world’s increasing thirst for beer is at risk of crashing head-long into a declining trend in malt barley production, the Queensland Country Life
...More info on site
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World: Feed barley use may have been underestimated, carry-over stocks overestimated for some years - analysts
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World barley crops have shrunk over the past two years. It also seems that feed use has been under-estimated and carry-over stocks were over-estimated
...More info on site
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The Philippines: San Miguel Corp. expects to raise $3.6 bln from sale of merged food and drinks unit shares
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San Miguel Corp., the Philippines’ largest company, expects to raise as much as $3.6 billion selling shares of its merged food and drinks unit
...More info on site
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India: Liquor companies toast revived consumer demand in January-March
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India’s liquor companies said consumer demand revived in the January-March quarter on a low base in the wake of demonetisation in November 2016, the
...More info on site
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