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RombBullet Currency rates
RombBullet Brewers equities
RombBullet Industry news
RombBullet Graph of the week
RombBullet Table of the week
RombBullet Prices evolution
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E-Malt.com Newsletter 19b
May 10 - May 13, 2018

Quote of the Week

On victory, you deserve beer, in defeat, you need it

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Currency Rates

Base Currency: US Dollar
on May 11, 2018
Base Currency: Canadian Dollar
on May 11, 2018
      1 USD = 0.8410 EUR
1 USD = 0.7387 GBP
1 USD = 1.2793 CAD
1 USD = 1.3334 AUD
1 USD = 109.6000 JPY
1 USD = 3.5707 BRL
1 USD = 62.5229 RUB
1 USD = 6.3522 CNY
      1 CAD = 0.7816 USD
1 CAD = 0.5774 GBP
1 CAD = 0.6573 EUR
1 CAD = 1.0421 AUD
1 CAD = 85.6600 JPY
1 CAD = 2.7907 BRL
1 CAD = 48.6319 RUB
1 CAD = 4.9646 CNY

Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Brewery news USA: US drinkers switching from beer to harder stuff ...Click here
Brewery news USA: US beer shipments forecast to decline by 1-3% this year ...Click here
Brewery news Canada: Beer remains Canada’s drink of choice but both domestic and import brands see volume decline last year ...Click here
Brewery news USA: Craft Brew Alliance reports 9% increase in first quarter shipments ...Click here
Brewery news USA, CA: San Francisco Brewing Co.’s brewery officially open ...Click here
Brewery news USA, AZ: Bone Haus Brewing becomes first brewery in Fountain Hills ...Click here
Brewery news USA, CA: Left Coast Brewing Co. to add second location in mid-June ...Click here
World News
Brewery news Belgium: Beer consumption down 1.6% in 2017 ...Click here
Brewery news The Philippines: San Miguel Brewery’s Q1 net sales jump 18% ...Click here
Brewery news UK: Premium and craft options seen as the future of lager ...Click here
Barley news World: USDA projects barley output rise in first forecast for 2018/19 ...Click here
Brewery news Malaysia: Heineken Malaysia’s Q1 net profit falls by marginal 0.44% ...Click here
Brewery news Belize: Heineken acquires minority stake in Belize Brewing Company ...Click here
Brewery news Zimbabwe: Delta Corporation reports 27% increase in full-year profit ...Click here
Brewery news Thailand: Beer production in Thailand continues to decline ...Click here
Brewery news South Korea: Whiskey maker Golden Blue signs exclusive deal to import and distribute Carlsberg’s lager products in Korea ...Click here
Brewery news EU: Carlsberg launches new alcohol-free beer Birell ...Click here
Brewery news Ireland: Pernod Ricard-owned Irish Distillers acquires craft brewer Eight Degrees Brewing ...Click here
Brewery news Zimbabwe: Zimbabweans worried about possible beer shortage ...Click here
Brewery news India & UK: United Breweries’ Vijay Mallya can be regarded as ‘fugitive from justice’, UK High Court concludes ...Click here
Graph of the Week

Table of the Week

North America's Barley Imports, Production, Consumption, and Ending Stocks

Table of the week.

Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

Scientific Digest


Several hop components have potential impact on beer haze, especially in craft beers. To analyse beer haze, a team of Dutch researchers developed a novel analytical method for beer haze profiling using a technique known as AF4-UVFLR-MALLS-dRI (untraviolet, fluorescence, multi angle laser light scattering and differential refraction-index detection). In contrast to its complex moniker, sample preparation is fast and easy. Unfortunately, the method unravels if the haze is composed of polysaccharides, proteins or polyphenol structures of certain molecular weights.


Stam, P.: Characterization of Beer Haze using AF4, P.1.19 at13th Trends in Brewing, April 2018, Ghent
Read more

Source: Barth Innovations

These Days in Business History

10 May
1837 - As New York banks suspend payment of loans in specie (gold coins), the Panic of 1837 begins - setting off the deepest economic depression the United States will suffer until 1929
1869 - The First Transcontinental Railroad, linking the eastern and western United States, is completed at Promontory Summit, Utah (not Promontory Point, Utah) with the golden spike
1950 - The Digital Age takes a huge leap forward. At the National Physical Laboratory in the British village of Teddington, Alan Turing's Pilot Model Advanced Computing Engine (ACE), one of the world's earliest general-purpose electronic computers, runs its first program
1975 - Sony introduces the Betamax videocassette recorder in Japan

11 May
1861 - In a move of symbolic support for the Union, the New York Stock Exchange bans all trading in Confederate stocks and bonds. (However, members are still free to short-sell any Union securities they choose)
1907 - Bank of San Francisco incorporated
1928 - General Electric opens 1st TV-station (Schenectady, New York)
2010 - David Cameron becomes Prime Minister of the United Kingdom following talks between the Conservatives and Liberal Democrats to form the UK's first coalition government since World War II after elections produced a hung parliament

12 May
1916 - Einstein's Theory of General Relativity presented
1949 - 1st Polaroid camera sold $89.95 in New York City
1949 - The Soviet Union lifts its blockade of Berlin
1975 - Israel signs an agreement with European Economic Market

13 May
1842 - 1st edition of London Illustrated News
1862 - Adolphe Nicole of Switzerland patents chronograph
1884 - Institute for Electrical and Electronics Engineers (IEEE) forms


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

Brewery news USA: US drinkers switching from beer to harder stuff
American drinkers are abandoning beer for harder stuff, squeezing the world’s biggest brewers, The Wall Street Journal reported on May 9.

Anheuser-Busch InBev SA, Molson Coors Brewing Co. and Heineken NV all reported sharply lower U.S. beer volume in the first quarter compared with a year earlier as drinkers turn to other alcoholic beverages, such as wine or whiskey.

AB InBev said its volumes fell 4.1% in North America, partly because of weakness in the company’s core Bud and Bud Light brands. Last month, Heineken said its volumes fell by a high-single-digit percentage in a declining U.S. beer market, without being specific. And last week, Molson Coors said its U.S. sales fell 5.8%, driven by a 3.8% drop in domestic brand volumes. That sent its share price tumbling 15% in a single day, to a four-year low.

Executives blamed a much colder start to the year compared with 2017, when warmer weather drove brisk sales. Despite the volume drop, AB InBev said it raised prices and boosted revenue per hectolitre. Strong volumes in markets such as Mexico, Colombia and Argentina helped, too. Shares rose early Wednesday in Belgium, before ending the day flat.

Still, the industrywide volume declines were sharper than expected, punctuating years ...More info on site

Brewery news USA: US beer shipments forecast to decline by 1-3% this year
The Beer Institute (BI) is forecasting U.S. beer shipments to decline between one and three percent in 2018, chief economist Michael Uhrich shared during the national trade association’s “State of the Industry” webinar on May 10.

“We’ve been flat to down the last two years,” he said. “In 2018, I’m expecting the beer category’s total performance to fall between a range of down one and down three.”

Uhrich admitted that the projection is “a pretty wide range,” but that’s due to “a lot of uncertainty” and headwinds facing the industry, including tariffs, increased input costs, “falling penetration rates” with new legal-drinking-age consumers between the ages of 21 and 25, and discounting by wine and liquor companies in off-premise retail accounts.

Uhrich added that he isn’t expecting the U.S. to fall into a recession in the next two years. That’s an important prediction for beer executives because the industry typically gains about 0.25 basis points of share during a recession. However, that isn’t necessarily good for the industry, Uhrich added, noting beer typically loses about double the amount of share it gained in the years following a recession.

According to Uhrich, inflation, which is projected to be about 2.2 percent this year, is negatively affecting ...More info on site

Brewery news Canada: Beer remains Canada’s drink of choice but both domestic and import brands see volume decline last year
The Canadian love affair with hops and barley continues, but more and more drinkers are opting for the grape, Statistics Canada announced in a report on May 9.

And that’s not all — Canadians are falling head over heels for the apple too.

While beer remained the drink of choice, wine and craft ciders sales grew. In fact, all alcoholic beverage sales were up 2.3 per cent from the previous year as of March 2017, the report stated.

“Wine has become democratized or is somehow more open and inclusive,” said Nic Bird, assistant manager of Point Grey Liberty Wines store. “But at the same time, there still exists a level of sophistication.”

Beer sales accounted for C$9 billion of C$23 billion in total alcoholic sales, which mirrored the previous year.

But the volume of both Canadian and imported beers decreased, and in British Columbia the market share of total alcoholic sales was the lowest across the country, sitting at 34.4 per cent.

Yet wine sales spiked almost four per cent, amounting to roughly C$7 billion. Canadian wine sales outpaced imported wine: The former rose by nearly 7 per cent, while the latter grew almost 2 per cent, the report stated.

“Rosé sales are increasing by 50 per ...More info on site

Brewery news USA: Craft Brew Alliance reports 9% increase in first quarter shipments
Craft Brew Alliance (CBA) on May 9 reported its first quarter 2018 earnings, which were highlighted by a 9 percent increase in shipments, to 167,000 barrels, on soft comps from a year ago, Brewbound reports.

In a press release, the company – which makes and markets the Kona, Widmer Brothers, Redhook, Omission, and Square Mile Cider brands – said net sales increased 7 percent, to $47.5 million, while gross profit increased 19 percent, to $15.1 million, during the quarter.

Once again, the company’s Kona offerings contributed to the positive first quarter shipment and sales figures as depletions for that brand grew 3 percent while overall CBA depletions declined 4 percent.

“CBA’s solid first quarter results underscore the improved health of our company by combining sustained strength for Kona, anchored by a 22 percent increase in flagship Big Wave, with exceptional company-wide cost management and efficiency gains,” CEO Andy Thomas said via the release. “We are now in a stronger position than ever to increase investments behind our Kona-plus strategy as we explore new avenues for growth in this transformed and ever-changing competitive marketplace.”

Overall Kona shipments grew about 20 percent, to 99,000 barrels, while shipments of Widmer Brothers and Redhook products declined 16.2 percent ...More info on site

Brewery news USA, CA: San Francisco Brewing Co.’s brewery officially open
San Francisco Brewing Co.’s 12,000-square-foot restaurant and brewery has officially opened at Ghirardelli Square, breathing new life into one of San Francisco’s iconic tourist destinations, the San Francisco Chronicle reported on May 9.

The project is a beer-lovers dream. The San Francisco Brewing team installed a custom brewing system at the location, which means each beer is being poured directly from the temperature-controlled tanks where it is finished.

When it comes to ordering, customers have the option of pouring their own beers at the location’s self-serve beer wall, which charges by the ounce.

The San Francisco Brewing crew’s restaurant will seat 120 inside and 100 more outside. At the helm in the kitchen is Abraham Ibarra (Perry’s), who put together a beer-friendly menu of pizzas, sandwiches and snacks (think bacon-wrapped dates and spicy onion rings).

It’s worth pointing out that San Francisco Brewing Co. represents one moment within what appears to be a renaissance at Ghirardelli Square. The new venture will soon be joined by Palette, a new dim sum spot from the Koi Palace folks. Meanwhile Subpar, an outpost of the East Bay put-put business, has an 18-hole course in the works for the square.

Brewery news USA, AZ: Bone Haus Brewing becomes first brewery in Fountain Hills
Fountain Hills finally has a brewery of its own, AZCentral.com reported on May 10.

Bone Haus Brewing, at Shea and Palisades boulevards, features a slew of creative flagship beers and an unusual theme. The newly opened taproom pays homage to the catacombs and ossuaries across Europe the owners have visited.

"Those warmly lit chambers contain artistic and stunning displays of skeletal remains of everyone from revered monks to common townsfolk," co-owners Keith Chapman said via email. "Those final resting places are hardly final, as they now serve as monuments for inspiration, reflection, and celebration for the living."

Chapman opened Bone Haus with two partners: Andy Weiner, the brewmaster, has been homebrewing for 25 years; and David Lozeau, a designer, has been involved in the alcohol and spirits industry for more than a decade.

Bone Haus Brewing's signature beer is the Black IPA that is made from European grains, with hints of mocha flavor and a smooth finish.

The mainstay beers also include the Chocolate Milk Sout, Mesquite Brown Ale, Raspberry Blonde Ale and Double Pitch Witbier.

The brewery doesn't serve food, but guests can get grub delivered from nearby restaurants, and food trucks will visit regularly.

Weiner and Chapman have lived in Fountain Hills for ...More info on site

Brewery news USA, CA: Left Coast Brewing Co. to add second location in mid-June
San Clemente-based Left Coast Brewing Co. will open its second location in mid-June, Brewbound reported on May 10.

Located in Irvine, California’s Sand Canyon Plaza, the new Left Coast tasting room will broaden the brewery’s offerings to include a smokehouse specializing in Kansas City-style barbecue and a distillery that will produce spirits for hand crafted cocktails. In addition, the concept will be home to a five-barrel production facility that Left Coast will utilize for creating seasonal small-batch beers.

Known for pioneering Orange County’s craft beer movement in 2004, Left Coast’s award-winning beers include best selling Hop Juice Triple IPA, Trestles IPA, and Una Mas Amber Lager, among limited edition cult followed releases, and more. Left Coast Irvine will purvey 24 taps of core and seasonal house beers. All Left Coast beers will be offered as a carry out option as well either in cans, bottles or crowlers. Kegs will also be available for purchase with a 24 hour notice.

“Opening our second tasting room in Irvine is a fantastic way to provide more Left Coast beer to our fans, while reaching a new community as well,” said Tommy Hadjis, Left Coast Brewing Co. General Manager. “We’ve poured lots of time ...More info on site

Brewery newsBelgium: Beer consumption down 1.6% in 2017
Beer consumption in Belgium dropped by 1.6% in 2017 as compared to 2016, Brasserie Haacht reported on May 8.

This is nevertheless seen as a ...More info on site

Brewery newsThe Philippines: San Miguel Brewery’s Q1 net sales jump 18%
San Miguel, the Philippines' largest company by sales, on May 10 reported a 13% rise in first quarter net profit to 15.6 billion pesos ...More info on site

Brewery newsUK: Premium and craft options seen as the future of lager
Despite declining sales, it’s not all doom and gloom for the lager category, with customers increasingly turning to higher value craft and premium options ...More info on site

Barley newsWorld: USDA projects barley output rise in first forecast for 2018/19
World barley production in 2018/19 is projected up (at 147.572 mln tonnes vs. 142.971 mln tonnes in 2017/18) with gains for the European Union, ...More info on site

Brewery newsMalaysia: Heineken Malaysia’s Q1 net profit falls by marginal 0.44%
Heineken Malaysia Bhd's net profit fell by a marginal 0.44% to RM48.76 million in the first quarter ended March 31, 2018 (1QFY18) from RM48.97 ...More info on site

Brewery newsBelize: Heineken acquires minority stake in Belize Brewing Company
Heineken has acquired a minority stake in Belize Brewing Company, which it describes as “Belize’s market leader in beer”, to expand its operations in ...More info on site

Brewery newsZimbabwe: Delta Corporation reports 27% increase in full-year profit
Zimbabwe’s largest brewer Delta Corporation reported a 27 percent jump in full-year profit to $89 million on May 9, after strong sales of beer ...More info on site

Brewery news Thailand: Beer production in Thailand continues to decline
Beer production in Thailand continued its rate of decline at -5%, the Singapore Business Review reported on May 10.

Thailand is still not in the mood for drinking as its Office of Industrial Economics (OIE) said that beer production continued to be on a declining trend in March, signalling weak market demand. The rate of decline has continued from -19.5% YoY in February to -5.1% YoY in March.

In turn, this could hit the sales of the country's beer and spirits giant Thai Beverage. "Recovery in alcohol consumption in Thailand has been slower than expected," said RHB Research analyst Juliana Cai. "As such, we think that sales and margin in the upcoming 2Q2018 results would continue to be soft."

RHB Research's Thai analyst also observed that there was an increased number of craft beer producers in Bangkok city. "More breweries are trying to launch premium products to tap into the high-end market. We believe the increased variety of beer selection from both imported premium beers and crafted beer also contributed to the slower recovery in ThaiBev's beer segment," Cai added.

However, the analyst is more positive of a sales recovery in the third quarter, with the World Cup as a catalyst to encourage agents ...More info on site

Brewery news South Korea: Whiskey maker Golden Blue signs exclusive deal to import and distribute Carlsberg’s lager products in Korea
Whiskey maker Golden Blue will enter Korea’s imported beer market, a diversification by the Busan-based company known for trendy low-alcohol whiskeys such as Sappirus, the Korea JoongAng Daily reported on May 9.

Golden Blue said on May 9 it signed an exclusive deal with Danish beer brand Carlsberg to import and distribute its lager products in Korea starting this month.

“The beer industry is vital for Golden Blue to surge ahead as a comprehensive liquor company,” said Kim Dong-wook, CEO of Golden Blue in a statement. “Through Carlsberg, we plan on a diverse, young marketing strategy to develop Carlsberg into a representative European beer in Korea.”

Golden Blue, which in 2009 launched whiskies with lower-than-average alcohol content, quickly became a top-tier player in Korea’s whiskey market, long dominated by imported brands.

In 2017, Golden Blue signed an MOU with traditional liquor company Omy Nara to produce its own versions of Korean liquors.

“Golden Blue wants to tackle Korea’s imported beer market, which has been showing continuous growth despite an overall decline in alcohol consumption nationwide,” the company said in a statement.

Brewery news EU: Carlsberg launches new alcohol-free beer Birell
Carlsberg Group has launched a new alcohol-free beer brand called Birell, as the company seeks to capitalise on the growing taste for alcohol-free beverages from European consumers, FoodBev.com reported on May 8.

Birell was made available to consumers in Poland and Bulgaria on May 1 in two formats, Pilsner Lager and Belgian Wit, and the brand will be introduced into new markets in 2019, according to the company.

Carlsberg says that drinks in the Birell range retain the same taste, mouthfeel and body of regular beer, and are free from artificial ingredients such as colourings and flavours.

Figures provided by the company claim that the alcohol-free beer sector has grown 90% over the last decade, and Birell has been created to offer consumers who live an active lifestyle a new option, as the drink also contains fewer calories than regular beer.

Shawn Gallegly, vice-president alcohol-free brews for Carlsberg said: “The alcohol-free category has seen huge growth in the last few years as consumers develop greater awareness of the food and drinks they purchase.

“As a result, more people are opting for alcohol-free drinks, but they don’t want their choices to be limited to water or soft drinks. They are seeking a wider range of relevant ...More info on site

Brewery news Ireland: Pernod Ricard-owned Irish Distillers acquires craft brewer Eight Degrees Brewing
Pernod Ricard-owned Irish Distillers - a supplier of spirits and wines and producer of Jameson Irish whiskey - has acquired craft brewer Eight Degrees Brewing, BeverageDaily.com reported on May 11.

The acquisition of the Mitchelstown brewery will ensure long-term beer supply to sustain the global growth of Jameson Caskmates, which is made by finishing Jameson Irish Whiskey in craft beer-seasoned barrels.

Meanwhile, Eight Degrees Brewing says the deal will give it the long-term capabilities to continue to create new and exciting beers for its customers.

Eight Degrees Brewing is the first beer in wine and spirit giant Pernod Ricard’s portfolio.

Jameson Irish Whiskey, which sold 6.5 million cases in 2017 and is available in more than 80 markets worldwide, launched Jameson Caskmates in 2014. It says this has been ‘undoubtedly one of our most successful innovations’, with 200,000 cases sold in more than 40 markets last year.

“With this success comes a need to plan for the future and that’s what led to this exciting deal with Eight Degrees Brewing,” said Tommy Keane, production director for Irish Distillers.

“We’re looking forward to working with their team to continue to grow Jameson Caskmates on the world stage from Midleton and Mitchelstown.”

Eight Degrees Brewing was set ...More info on site

Brewery news Zimbabwe: Zimbabweans worried about possible beer shortage
Social media is abuzz in Zimbabwe after the country's biggest brewer and Anheuser-Busch InBev associate unit Delta Corporation said it is running out of ingredients for the manufacture of soft drinks and alcoholic beverages, raising fears beer could run out in the next few days, Fin24 reported on May 9.

This is because Delta Corp, one of the largest companies on the Zimbabwe Stock Exchange, is unable to import concentrates and other ingredients for its manufacturing lines owing to difficulties in paying foreign suppliers.

Zimbabwe is battling foreign currency shortages due to an ongoing liquidity crunch. Delta's production of the opaque Chibuku traditional brew has also been affected, and officials say they are left with only a week's supply.

Traders in Harare say some beer products have already been in short supply in the past few weeks.

They expect the situation to continue or worsen after Delta officials said ingredients had run low.

Others have blamed the government of President Emmerson Mnangagwa for the foreign payment bottlenecks companies are facing. Mnangagwa came into office in November last year after the ousting of former leader Robert Mugabe, and has pledged to turn the economy around.

“This is a catastrophe, why don't you stop manufacturing soft drinks so ...More info on site

Brewery news India & UK: United Breweries’ Vijay Mallya can be regarded as ‘fugitive from justice’, UK High Court concludes
Liquor baron Vijay Mallya, wanted in India to face charges of fraud and money laundering amounting to around Rs 9,000 crore, can be regarded as a "fugitive from justice", the UK High Court has concluded, the Economic Times reported on May 9.

Judge Andrew Henshaw, who upheld a worldwide freeze order and ruled in favour of 13 Indian state-owned banks to recover funds amounting to nearly 1.145 billion pounds in a judgment on May 8, took note of the fact that the 62-year-old businessman is contesting his extradition to India relating to "alleged financial misconduct".

"In all these circumstances, and even taking account of the fact that Dr Mallya is contesting the alleged grounds for extradition, there are grounds for regarding Dr Mallya as a fugitive from justice," the judge said as part of his ruling.

The High Court remained unconvinced by Mallya's claim that he has been a non-resident Indian (NRI) since 1988 and has lived in England since 1992, a country where he has indefinite leave to remain (ILR).

"The evidence indicates that prior to March 2016 Dr Mallya travelled fairly regularly between India and England for business and political reasons. Most of his business interests were in ...More info on site

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