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E-Malt.com Newsletter 29b
July 19 - July 22, 2018
Quote of the Week
Anyone can drink beer, but it takes an intelligence to enjoy beer.
Stephen Beaumont
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Currency Rates
Base Currency: US Dollar
on July 20, 2018 |
Base Currency: Canadian Dollar
on July 20, 2018 |
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1 USD = 0.8599 EUR
1 USD = 0.7677 GBP
1 USD = 1.3225 CAD
1 USD = 1.3567 AUD
1 USD = 112.7400 JPY
1 USD = 3.8537 BRL
1 USD = 63.2746 RUB
1 USD = 6.7596 CNY
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1 CAD = 0.7561 USD
1 CAD = 0.5804 GBP
1 CAD = 0.6501 EUR
1 CAD = 1.0257 AUD
1 CAD = 85.2400 JPY
1 CAD = 2.9136 BRL
1 CAD = 47.9062 RUB
1 CAD = 5.1106 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA & Mexico: US beer imports up 4.6% in January-April with Mexican beer maintaining leadership
...Click here
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Canada: Barley use in 2017/18 forecast to increase 7%
...Click here
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USA, IN: Upland Brewing Company announces new brewery in Indianapolis
...Click here
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USA, CO: Metric Brewing all set to open in Colorado Springs
...Click here
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USA, NY: Ellicottville Brewing Company’s new facility in Little Valley already operational
...Click here
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USA, OH: Madisonville brewery Tap & Screw closes its doors
...Click here
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Canada, BC: Canada’s largest hop farm no longer in operation
...Click here
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World: Barley crops may turn out smaller than current estimates
...Click here
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Vietnam: Sabeco reduces profit target for this year by 19% to VND4 trillion
...Click here
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EU: Barley crop hit by drought but France could save the day - experts
...Click here
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Slovakia: Per capita beer consumption increased 5% last year
...Click here
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Ireland: Production of microbreweries surges while general beer consumption is shrinking
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Nigeria: Competition on the rise with the arrival of Budweiser in Nigeria
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India: United Breweries to pay 18% GST on profit from beer manufacturing units
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Graph of the Week
Table of the Week
Austria Brewing Industry 1980-2017
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
19 July
1860 - 1st railroad reaches Kansas
1967 - 1st air conditioned New York City subway car (R-38 on the F line)
20 July
1837 - Opening of London's first major railway station - at Euston
1868 - 1st use of tax stamps on cigarettes
1903 - The Ford Motor Company ships its first car
1992 - Charles Schwab opens its "mutual fund supermarket," allowing investors to choose from hundreds of different funds without paying transaction fees, as it introduces its OneSource program
21 July
1955 - Ian Donald made his first investigation of the use of ultrasound in medical diagnosis
1969 - Astronaut Neil A. Armstrong was the first man to walk on the Moon
2011 - NASA's Space Shuttle program
22 July
1872 - Mahlon Loomis patents wireless radio
1961 - 1st in-flight movie shown, TWA
Agenda
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 & Mexico: US beer imports up 4.6% in January-April with Mexican beer maintaining leadership
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U.S. beer imports in January-April were 11.674 mln barrels, 4.6% up from 2017, H. M. Gauger GmbH said in their July report.
Mexico shipped 8.18 mln barrels to the U.S., 70% of all imports and 9.5% more than in 2016.
In 2016 Mexico produced 105 mln hl of beer, 7.8% more than in 2015. The country produced 455,000 tonnes and imported 415,000 tonnes of malt. Mexico has become one of the top players in the world beer and malt market.
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Canada: Barley use in 2017/18 forecast to increase 7%
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For 2017-18, Canada’s total domestic barley use is forecast to increase 7% to 6.288 mln tonnes with higher feed and industrial use, Agriculture and
...More info on site
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USA, IN: Upland Brewing Company announces new brewery in Indianapolis
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Upland Brewing Company is thrilled to announce a new brewery and restaurant concept in the beloved Fountain Square neighborhood of Indianapolis, TheFullPint.com reported on July 18.
An area rich with hoosier history, a vibrant music & art scene and an ever-growing community of small businesses, Fountain Square is a perfect fit for Upland’s culture & values. “The space felt like home the moment we found it — surrounded by art, music, history, and quick access to the cultural trail for cycling around the city.” said David Bower, Upland Chief Growth Officer.
The new Upland Brewing Co FSQ location will feature on-site brewing & barrel-aging, a full-service restaurant, and a unique partnership with Gray Goat Bicycle Company. “We are really excited to embark on this next adventure. We wanted to put down roots in a community where we could draw inspiration and give back in equal measure, and what better place than this creative hub of Indianapolis.” said Pete Batule, Upland President & COO
Innovation and Sustainability are fundamental values for Upland Brewing Co.
Upland’s new 13,000 square foot brewery will feature an immersive interior beer hall experience, a huge outdoor beer garden, an open kitchen, and an on-site brewery focused on innovation and
...More info on site
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USA, CO: Metric Brewing all set to open in Colorado Springs
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After nearly a year of work, Metric Brewing is set to open to the public on Saturday, July 21. It's run by owner/brewers Mike Centanne and Chase Perry, the Colorado Springs Independent reported on July 17.
Centanne's a former homebrewer, known best for his work as brewer and co-founder at Iron Bird Brewing Company, which he helped start in 2014. Perry's a former yeast propagation tech at the Brewing Science Institute and, most recently, assistant brewer at Bristol Brewing Company.
Metric will open with nine beers on tap, as well as a crowler machine for those who want to take beer home. And given that they're eschewing flagships for a revolving selection with occasional re-brews, canny drinkers with have to take home their favorites when they can. They'll have limited presence in local bars and restaurants — Perry says they want to get a solid footing in their neighborhood before they start trying to expand.
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USA, NY: Ellicottville Brewing Company’s new facility in Little Valley already operational
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Ellicottville Brewing Company opened its new 75,000-square-foot facility in Little Valley, New York. The project will allow for expansion of its commercial production and bottling operations and the addition of 40 new full-time jobs, the Area Development Online reported on July 18.
Ellicottville Brewing Company, which distributes its products to locations around the world, will also retain its 149 existing employees in New York State.
Founded in 1995, Ellicottville Brewing Company purchased the former Salamanca Beverage Corp. building at 202 Second Street to establish a new location in Little Valley. The facility adds to the company's three existing sites located in Ellicottville, Fredonia and Lakewood. The project included the construction of a production facility that is capable of making 180 barrels a day. The beer is then bottled, labeled and packaged for delivery locally and distributed to destinations as far away as South Korea.
The new site will also include the EBC Public Pub & Tasting Room which will feature food, music and festivals to create an attractive brewery destination in the region. A Craft Brewing Science Center is also planned as part of the experience, designed to demonstrate the core components of brewing, including the malting process, hops, water make-up, yeast biology,
...More info on site
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USA, OH: Madisonville brewery Tap & Screw closes its doors
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Madisonville brewery Tap & Screw has gone out of business, WCPO reported.
A message posted on the brewery's website on July 18 reads, "Tap & Screw Brewery is now closed. Thank you for your years of support."
A key padlock hung on the door of the brewery, which is located at 4721 Red Bank Road, and signage outside has been removed.
Brewery owners Tom and Adam Lorenz did not return calls and emails asking for comment. The father and son opened the original Tap & Screw location at 5060 Crookshank Road in Westwood in December 2014.
After closing the Westwood taproom in February 2017, Adam Lorenz said he and his father decided to move so they could ramp up beer production. They opened Tap & Screw's Madisonville location in June 2017.
The Lorenzes also planned to open a brewpub inside a former funeral home at 3026 Madison Road in Oakley. That deal fell through after the property's owners evicted them from the building.
Tom Lorenz and his son had spent a year trying to add parking spaces at the property before being evicted. At the time, Lorenz said he was contemplating a lawsuit.
The Lorenzes withdrew a request submitted to Cincinnati planning
...More info on site
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Canada, BC: Canada’s largest hop farm no longer in operation
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What was once dubbed Canada’s largest hop farm is no longer in operation, the Kamloops This Week reported on July 17.
Hops should be in full bloom this time of year on 220 acres of land across from Westsyde, where the Tk’emlups te Secwepemc had been growing the flowering plants commonly used in beer brewing, but the site now sits empty.
Tk’emlups Chief Fred Seymour told KTW the band has shut down its hop farm venture because it wasn’t making money.
“It’s all over, said and done with,” he said.
Seymour refused to provide further details regarding what went wrong with the business.
In 2016, Tk’emlups Coun. Howard Campbell, whose portfolio is business development, told KTW the band saw a long-term revenue stream in the hop farm, which employed about 10 people year-round and 15 to 20 people seasonally.
According to a 2015 study done for the provincial and federal agriculture ministries, the demand for hops is exploding, lit by the seemingly limitless growth of craft beer.
“It’s like any other business. It doesn’t come to fruition, we got to look at other options,” Seymour said, noting the band is now exploring other avenues for that tract of land. “We need infrastructure for sure on there.”
About three
...More info on site
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World: Barley crops may turn out smaller than current estimates
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Barley crops may turn out smaller than present estimates, as the drought continues in the major EU and Black Sea barley regions, H. M.
...More info on site
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Vietnam: Sabeco reduces profit target for this year by 19% to VND4 trillion
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After acquiring a majority stake in Vietnam’s top brewery, Sabeco, last year, Thailand’s TCC Group is set to appoint a Singaporean chairman, Koh Poh
...More info on site
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EU: Barley crop hit by drought but France could save the day - experts
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Drought has seriously damaged barley harvests in north Europe, potentially tightening supplies of animal feed and malt for beer brewing, but a decent crop
...More info on site
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Norway: H1 beer sales up 3%
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Warm weather has coincided with record sales of beer and bottled water in Norway, but fewer soft drinks are being consumed, The Local Norway
...More info on site
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Slovakia: Per capita beer consumption increased 5% last year
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Slovaks do not drink as much alcohol as they used to in the past. Last year’s statistics indicate that alcohol consumption is at its
...More info on site
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Ireland: Production of microbreweries surges while general beer consumption is shrinking
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The craft beer revolution continues to take hold in Ireland with about 100 microbreweries now operating around the country, according to new research.
The Irish
...More info on site
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Nigeria: Competition on the rise with the arrival of Budweiser in Nigeria
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According to a report by a market research group, Global Data, Africa is the fastest growing region for beer consumption. Nigeria, however, leads the pack of 10 biggest beer drinking countries on the continent. Beer brands make up just 16 percent of alcohol consumption in the country, while other drinks (spirits and locally brewed drinks) make up 84 percent, the Nairametrics reported on July 19.
Until recently, the race for the biggest beer market share in the country was a two-horse race between Heineken N.V., owners of Nigerian Breweries Plc and Diageo, owners of Guinness Nigeria.
The narrative seems to have changed with the recent introduction of new products such as Budweiser, dubbed as the king of beers, from the stables of AB InBev, the parent company of International Breweries, into the Nigerian market. The battle now seems to be among three international players, which many have termed as the “Triangular Beer War”.
This article seeks to examine how major players in the beer business are handling the stiff competition and get a feel of consumers’ pulse about the new beer product, Budweiser.
The year 2011 ushered in a disruption in the beer market with the arrival of SABMiller, which was then the world’s
...More info on site
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India: United Breweries to pay 18% GST on profit from beer manufacturing units
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United Breweries (UBL), which makes beer under the Kingfisher brand, is liable to pay an 18% GST on 'surplus profit' received from beer manufacturing units contracted by it to make and sell alcohol beverage under its brand name, the Financial Express reported on July 19 citing a ruling passed by Authority of Advanced Ruling (AAR) in Karnataka.
The order is likely to dent the profit of UBL as the tax would be inadmissible as input tax credit because potable alcohol is outside the GST ambit. “This payment of 18% GST on collections made by brand owner from brewery would burden the supply chain with additional tax. This tax payment would be non-creditable as the final product i.e. potable alcohol is outside the ambit of the GST,” Rajat Mohan, partner at AMRG & Associates, said.
Beer under the brands owned by UBL is manufactured by contract brewing/bottling plants (CBU), which also supply the product in the market. CBUs retain a part of profit from beer sales and pass on the ‘surplus profit’ to the brand owner.
UBL had approached the AAR to clarify GST applicability on profit earned by CBUs and its own share of sales proceeds. The authority concluded that CBUs are not
...More info on site
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