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E-Malt.com Newsletter 30a
July 23 - July 25, 2018
Quote of the Week
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Josh Billings
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Currency Rates
Base Currency: US Dollar
on July 25, 2018 |
Base Currency: Canadian Dollar
on July 25, 2018 |
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1 USD = 0.8555 EUR
1 USD = 0.7620 GBP
1 USD = 1.3164 CAD
1 USD = 1.3512 AUD
1 USD = 111.2100 JPY
1 USD = 3.7638 BRL
1 USD = 62.9235 RUB
1 USD = 6.7995 CNY
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1 CAD = 0.7596 USD
1 CAD = 0.5788 GBP
1 CAD = 0.6498 EUR
1 CAD = 1.0263 AUD
1 CAD = 84.4700 JPY
1 CAD = 2.8589 BRL
1 CAD = 47.8384 RUB
1 CAD = 5.1646 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, NY: Other Half Brewing opening a second brewery in Rochester
...Click here
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USA, MI: Pigeon Hill Brewing Company’s new facility expected to be operational by March 2019
...Click here
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USA, GA: Beacon Brewing Company softly launches in LaGrange
...Click here
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USA, CO: Dratz Brewing Co. sets grand opening celebration for July 27-28
...Click here
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USA, WA: Big Block Brewing hopes to open second taproom in Redmont by the end of July
...Click here
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USA, CA: Oak Park Brewing Company to close for good this weekend
...Click here
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EU: Analysts no longer anticipating surplus spring malting barley in the EU in 2018/19
...Click here
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South Korea: South Korea mulling increase in taxes on imported beer
...Click here
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EU: MARS cuts forecast of EU 2018 winter crop again
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Zimbabwe: Alcohol consumption shoots up by 56% to match peak levels recorded in 2009
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Argentina: Barley acreage expected at 950 thousand ha this year
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Japan: AB InBev to take Budweiser sales into its own hands from 2019
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Ireland: Hot weather makes non-alcoholic beer sales soar
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Germany: German brewers complain about lacking enough bottles and crates
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Graph of the Week
Table of the Week
EU Malt Exports
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
23 July
1829 - William Burt patented a forerunner of the typewriter
1886 - Gottlieb Daimler (1834-1900) invented the car
24 July
1847 - Richard M. Hoe patented the rotary type printing press, NYC
1938 - Instant coffee invented
1987 - IBM-PC DOS Version 3.3 (updated) released
25 July
1946 - 1st bikini is shown at a Paris fashion show
1978 - The world's first test-tube baby, Louise Joy Brown, was born in Lancashire, England
1984 - Cosmonaut Svetlana Savitskaya became 1st woman to walk in space
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, NY: Other Half Brewing opening a second brewery in Rochester
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One of the most lauded breweries in the country is opening a second brewery in the Rochester area, both brewery and town officials confirm, the Democrat & Chronicle reported on July 24.
Brooklyn-based Other Half Brewing closed on the former Nedloh Brewing building last week and confirmed plans to own and operate a facility at 6621 Routes 5 and 20 in the town of East Bloomfield in Ontario County.
Other Half Brewing CEO Matt Monahan said the rabid nature of the Rochester beer market makes this move a no-brainer.
"Because of the mobile can sales (both held at Tap & Mallet) and the first-hand witnessing of the energy and enthusiasm in Rochester, it was feverish the way it is here in Brooklyn and it's a section of the state that we're super excited about," Monahan said. "We see Yeaa lot of promise in Rochester. Because of that reception, it's another outlet for us to get our beers directly to the people who support us."
"Other Half Brewing expects to hire up to 35 employees at the location over the next five years," Empire State Development said in a release. Empire State Development is offering to aid the project. The state has offered
...More info on site
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USA, MI: Pigeon Hill Brewing Company’s new facility expected to be operational by March 2019
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Pigeon Hill Brewing Company owners expect to be brewing in a new $2 million facility by March 2019, MLive.com reported on July 24.
Construction on the brewhouse at the corner of Shoreline Drive and Fourth Street in downtown Muskegon is expected to begin in August, said co-owner Joel Kamp.
Owners Kamp, Michael Brower and Chad Doane have been working toward the facility for more than a year.
March 2019 will mark the Muskegon brewery's fifth anniversary.
The new space at 895 Fourth St. is for production, along with scheduled tours and tastings, Kamp said.
The main taproom will remain at 500 W. Western Ave. until 2021, when the company's lease will expire. At that point, the owners expect to move the taproom to a two-story building they own at 441 W. Western Ave., which is the current 7,000-square-foot brewing facility.
The new 15,000-square-foot, two-story building will have a dark blue and wooden facade facing Shoreline. A potential retail area will face Fourth. A large grain silo will also be visible at the front of the building.
The building is designed to allow additions. An agreement with the city allows up to 30,000-square-feet in additions.
The building and land investment is expected to total about $1.7 million, Kamp
...More info on site
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USA, GA: Beacon Brewing Company softly launches in LaGrange
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LaGrange’s newest brewery, Beacon Brewing Company started holding soft openings last week, LaGrange Daily News reported on July 22.
Beacon Brewing employee Amanda Sugermeyer said they held their first soft opening on July 19 and have been inviting people through email.
“We’ll have one again next Tuesday and next Thursday,” Sugermeyer said. “I think it’s been pretty well. We’ve had a really good turnout on Thursday night.”
Sugermeyer said the brewpub started brewing its beers two weeks ago and will premier them Saturday at their Rock Out with Your Lock Out event. She said the brewpub will serve IPA and Saison beers.
“It’s been a three-year process. We’re glad to be here,” said Beacon Brewing co-owner Chase Hudson.
Owners Chase and Charles Hudson also run Mare Sol and C’sons in downtown LaGrange. Sugermeyer said the brewpubs menu is not the same as the restaurants.
“It’s Korean infusion,” Sugermeyer said. “We sampled a lot of the stuff on our Mare Sol samples. We have our smoker all freshly prepared.”
Head chef Devin White said he purposely created the menu to be different from the other restaurants.
“There’s no place in LaGrange you go that has ramen noodles, so that’s one thing I was like ‘I have to put that
...More info on site
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USA, CO: Dratz Brewing Co. sets grand opening celebration for July 27-28
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Dratz Brewing Co. has set its grand opening weekend celebration for July 27-28, the Loveland Reporter-Herald said on July 21.
The craft brewery at 965 E. 11th St. in Loveland had its soft opening at 4 p.m. on Friday, June 20.
The brewery, owned by Kerry and Evalyn Rose Drake, features American, German and Belgian-style ales and lagers named after ancestors of Kerry Drake.
The celebration starts at noon July 27. The El Sabor Rico food truck will be serving Mexican food starting at 3 p.m., and Devin Baize will sing and play the guitar from 6 to 8 p.m.
On July 28, NoCo Q will be the guest food truck, and a stand-up comedy night provided by 970 Comedy will start at 6 p.m.
Also on July 28, the brewery will offer its Limited Edition RAW Pineapple and Rosemary Saison, a "raw" farmhouse-style ale made without boiling the wort.
The brewery's taproom will be open from noon to 9 p.m. Sunday through Thursday and noon to 10 p.m. Friday and Saturday.
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USA, WA: Big Block Brewing hopes to open second taproom in Redmont by the end of July
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Big Block Brewing is on the move and its owners hope to open a second taproom in Redmond by the end of the month in the old Hi-Fi Brewing location, the Issaquah Reporter said on July 20.
Big Block Brewing is a Sammamish-based brewery run by John and Michele Julum along with around eight employees and their daughter Shelby. Until now, all their brewing has been done out of the Julums’ garage and sold largely at their Sammamish taproom. The expansion to Redmond means they can add an additional seven barrels to their current two-barrel production.
“The goal is to kind of make this our focal point for our brewing,” John Julum said.
Big Block Brewing pumps out a wide array of brews ranging from English ales to dark stouts to Indian pale ales. Instead of specializing in a particular tradition, John Julum said they’re jacks of all trades. And as opposed to other breweries that rely on distribution models, the Julums focus on selling out of their taproom and a select handful of local watering holes.
This model came about due to the brewery being entirely financed by the family, with little debt — meaning they rely on the higher profits of sales
...More info on site
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USA, CA: Oak Park Brewing Company to close for good this weekend
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Oak Park Brewing Company announced on July 24 that it will close for good this weekend after almost four years of serving beer lovers in the Sacramento area, the Sacramento Bee reported.
“It is with a heavy heart that we must say goodbye. Oak Park Brewing Co. will close (its) doors for the last time Sunday night,” the brewery said on its Facebook page on July 24. “Until then come help us drain these serving tanks and kegs. We ask that you understand we will be functioning as cash only during these last few days.”
Oak Park Brewing opened at the end of 2014 and is located at 3514 Broadway.
The announcement comes two months after the brewery was temporarily shut down in May after Sacramento County health inspectors found cockroaches, weevils and dead rodents on multiple visits to the brewery and kitchen.
An inspector found more than 60 dead or alive German cockroaches, roughly half of which were around the brewing equipment. An undisclosed number of dead Oriental cockroaches — darker, shinier and slightly larger than their German cousins — were also found on glue traps in the kitchen and both front and back brewing areas.
The brewery was closed for three days from
...More info on site
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EU: Analysts no longer anticipating surplus spring malting barley in the EU in 2018/19
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The potential impact of heat stress on world wheat crops in Russia, Australia, the US and the EU has been well reported. However, sweltering
...More info on site
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South Korea: South Korea mulling increase in taxes on imported beer
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South Korea is mulling an increase in taxes on imported beer to create “fairer competition” with local breweries, raising concerns among consumers who fear imminent price hikes, The Drinks Business reported on July 20.
The Korea Institute of Public Finance, a state-run think tank, has proposed to the government a revision on liquor tax, which could lead to beers being taxed on volume rather than price.
The South Korean government at the moment taxes domestic beers on the sum of manufacturing costs, sales, marketing costs and profits. Imported beer, however, is only taxed on its import price. This has created a “loophole”, says Korea Times, as importers can report lower import prices – not price of home country – to avoid higher levies. As a result, some imported beers are sold in South Korea at lower prices than that of their home countries, the newspaper wrote.
As a result, local breweries are voicing their complaints to the government over unfair competition, as the tax gap can be as much as 20%, according to the estimate by The Korean Alcohol and Liquor Industry Association. This has encouraged some local breweries such as Oriental Brewery to produce beers overseas rather than producing at home in
...More info on site
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EU: MARS cuts forecast of EU 2018 winter crop again
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The European Union's crop monitoring service, MARS, cut its forecast of EU 2018 winter crop yields again on July 23, citing exceptionally dry and
...More info on site
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Zimbabwe: Alcohol consumption shoots up by 56% to match peak levels recorded in 2009
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Harare-Zimbabwe’s alcohol consumption has shot up by 56 percent with beverage manufacturer Delta saying uptake of beer now matches peak levels recorded in 2009, The Southern Times reported on July 23.
While the high alcohol imbibing rates might not bode well for good health, experts say this is yet another sign of growing consumer consumption which is an indicator of a budding economy.
The development is also evidence of sound performance being recorded by some of Zimbabwe’s industries in response to the growing fiscus, despite prevailing cash shortages.
In its trading update for the first quarter ended 30 June, Delta said consumption of lager beer had gone up 56 percent to reach historic highs.
“Lager beer volume is up 56% over prior year for the quarter matching the historical peak run rates post dollarisation.”
The Zimbabwe Stock Exchange listed company said it recorded increased volumes for all its beverage categories in what was yet another indication of enhanced consumer spending trends.
“All beverage categories recorded increases in revenue which has positively impacted on profitability and cashflows.”
According to Delta, the beverage business continued to record an upward trend, despite challenges in accessing foreign currency.
The company said consumption for sparkling beverages shored up by 23 percent.
“The business continues
...More info on site
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Argentina: Barley acreage expected at 950 thousand ha this year
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The Bolsa de Cereales of Buenos Aires expects a barley acreage of 950,000 ha, of which 50,000 ha are planted to-date, H. M. Gauger
...More info on site
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Japan: AB InBev to take Budweiser sales into its own hands from 2019
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Anheuser-Busch InBev, the world's largest beer maker, is making a big push into the Japanese market, taking Budweiser sales into its own hands from 2019, The Nikkei Asian Review reported on July 25.
AB InBev will cancel its licensing partnership with Kirin Brewery, which has produced and sold Budweiser in Japan since 1993. The two companies sent out a fax to wholesalers on July 24 morning notifying them of the decision. Under the new arrangement, AB InBev's Japanese unit will import and sell the brand.
It was AB InBev that approached Kirin about the change. "It was a decision to propel further growth of the Japan business," a source at the Japanese unit said, without revealing specifics of pricing and marketing strategies.
The shift comes at a time when Japan's beer market continues to shrink. But AB InBev has its eyes set on a liquor tax amendment that will help bring down the price of regular beer.
Budweiser is one of the world's top-selling beers, along with the Snow brand of China Resources Beer (Holdings). It enjoys a global market share of about 2.5%. But sales in Japan have declined to less than 20% of peak levels reached in the 1990s, at around 8,000
...More info on site
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India: AB InBev betting big on new Beck’s Ice beer
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Anheuser-Busch InBev (AB InBev) is betting big on Beck’s Ice, a German 100% malt beer, to make a dent in the growing affordable premium segment of the beer market in India, Livemint reported on July 23.
While the world’s largest beer maker has a strong presence in the premium space with Budweiser, Beck’s Ice is an effort to target an emerging segment in India, a top executive said.
Beck’s Ice has been pilot-launched in some parts of Maharashtra and will be available in Karnataka and Puducherry next month, and in Andhra Pradesh, Telangana and Goa around October.
Beck’s Ice will be priced about 12-20% higher than entry-level brands, with the aim of capitalising the pricing gap between those and the premium segment Budweiser operates in.
(Pricing for all alcoholic beverages vary from state to state, depending on excise duty structures.)
Budweiser is typically priced at a 40-50% premium over entry-level beer brands in India that includes some of United Breweries Ltd’s (UBL) Kingfisher variants, AB InBev’s own Haywards 5000 and Knock Out, and a couple of variants of Carlsberg Group’s Tuborg.
But, over the past year or so, a new segment is starting to emerge, said Kartikeya Sharma, AB InBev’s marketing director for India.
“As premiumisation continues,
...More info on site
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Ireland: Hot weather makes non-alcoholic beer sales soar
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Hot weather, healthier lifestyles and a firmer stance against drink-driving in Ireland have boosted non-alcoholic beer drinking this summer, the Independent reported on July 22.
On a sweltering afternoon at a recent big game in Croke Park, the bars appeared to be selling almost as much non-alcoholic beer as regular beer.
As new non-alcoholic beers continue to enter the market, the old resistance that viewed them as "not a real drink" has dissolved like ice cubes in a sunny beer garden.
Improvements in the taste of non-alcoholic beers have been crucial in their growing acceptance. When it comes to an authentic bitter taste, new zero-alcohol beer flavours have kept the traditional bite minus the kick.
Publicans are happy with the increased demand and have acknowledged more recent entrants to the market are a big improvement on the "insipid" beverages of 20 years ago.
The hop taste was often compromised when heat was introduced to eliminate alcohol in the brewing process. But now brewers are using new methods to protect the essential hop taste.
US-born barman Daniel Lyons (25), who works in Ryan's Bar and Cafe in Store Street in central Dublin, said Erdinger Alcohol-Free was the most popular drink of its kind in the pub, but
...More info on site
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Germany: German brewers complain about lacking enough bottles and crates
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With the summer heat leading to increased beer consumption, some breweries in Germany complain about lacking enough bottles and crates. Beer packaging, it seems, is a recurrent, long-term problem for the industry, the Deutsche Welle reported on July 22.
The Fiege brewery in the western German city of Bochum has a problem. Although business is booming in this hot World Cup summer, it's struggling to find enough bottles to put its beer in. So Fiege has launched an urgent appeal to consumers via Facebook.
"We need your help," the brewery wrote. "Although we regularly buy new empty bottles, they're becoming scarce in our bottling facility. So before you go on summer holidays, please bring your Moritz Fiege empties back to the shop. First the deposit, then the party!"
Reusable beer bottles carry a deposit of eight to fifteen cents ($.09-0.18) in Germany, but that's not always enough to motivate people to lug empties back to stores when the mercury rises and they could be, among other things, drinking beer.
The problem is especially acute for independent, regional, family-run breweries like Fiege. A brewery spokesperson told Deutsche Welle that whereas Fiege normally bottles 100,000 to 120,000 beers a day, this summer that figure is up
...More info on site
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