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E-Malt.com Newsletter 31a
July 30 - August 01, 2018
Quote of the Week
Laziness may appear attractive, but work gives satisfaction.
Anne Frank
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Currency Rates
Base Currency: US Dollar
on August 01, 2018 |
Base Currency: Canadian Dollar
on August 01, 2018 |
| |
1 USD = 0.8540 EUR
1 USD = 0.7615 GBP
1 USD = 1.3030 CAD
1 USD = 1.3466 AUD
1 USD = 111.5100 JPY
1 USD = 3.7393 BRL
1 USD = 62.3497 RUB
1 USD = 6.8174 CNY
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1 CAD = 0.7673 USD
1 CAD = 0.5843 GBP
1 CAD = 0.6553 EUR
1 CAD = 1.0333 AUD
1 CAD = 85.5700 JPY
1 CAD = 2.8693 BRL
1 CAD = 47.8286 RUB
1 CAD = 5.2311 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Craft beer production, number of breweries grow in first half of 2018
...Click here
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USA: Boston Beer’s return to growth continues for a second consecutive quarter
...Click here
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USA, MI: Old Post Brewing Company hopes to open in Howell next spring
...Click here
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Canada: Molson Coors Canada’s new non-alcoholic Coors Edge beer to be available through Amazon.ca
...Click here
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World: Heineken reports higher beer sales, earnings below market expectations in H1
...Click here
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World: IGC lowers forecast for total grains, barley output in 2018/19
...Click here
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World: Brewers to get a good supply of hops this year
...Click here
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EU: Baltics, Scandinavian barley crops significantly damaged by weather
...Click here
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EU: Brewers facing shortage of malting barley because of scorching weather this summer
...Click here
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Australia & China: China importing Australian malting barley at ever-increasing rate
...Click here
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Japan: Kirin ramping up beer output as ‘unprecedented’ heat wave continues in Japan
...Click here
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New Zealand: MyFarm launches NZ17.64 mln investment in what will become New Zealand’s largest hop garden
...Click here
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New Zealand: Lion buys Harrington’s boutique craft brewery
...Click here
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Ireland: Boortmalt adjusts malting barley protein specifications
...Click here
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South Korea: Diageo accepts applications for voluntary retirement amid deteriorating profitability
...Click here
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Graph of the Week
Table of the Week
Russia, Ukraine, and Kazakhstan Barley Supply & Demand Balance 2018/19f
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
PROTECT THE ISOHUMULONES IN BEER -
INCREASE THE THIOLS!
ABSTRACT
In the context of flavour stability that is the conclusion
of a Danish Researcher Team. They have looked into
the mechanism of stale flavour development in stored
beer. It is known that in the presence of metal ions,
such as iron and copper, molecular oxygen converts
into superoxide radicals, peroxyl radicals, and hydrogen
peroxide. In the absence of antioxidants, hydrogen
peroxide reacts with metal ions via the Fenton reaction
and generates hydroxyl radicals that react with most
compounds with almost no selectivity. Since ethanol is
the most abundant component in beer, a large fraction
of hydroxyl radicals reacts with ethanol, thereby forming
1-ydroxyethyl radicals. The 1-hydroxyethyl radicals can
either be quenched by antioxidants or react with other
beer components, such as bitter acids from hops, or with
oxygen to form acetaldehyde and peroxyl radicals leading
to a chain reaction that creates more oxidative damage.
In this study they have found that the isohumulones
are an easy victim and account for almost 90% of
the reaction with 1-hydroxyethyl radicals. Whereas the
thiols acted as secondary antioxidants. However, with
normal concentrations and under normal conditions they
only account for 10% of the reaction with 1-hydroxyethyl
radicals. They hypothesize that increasing the
concentration of thiols can bind more staling aldehydes
in beer and hereby increase flavour stability. And where
could these thiols come from? Of course from hops!
REFERENCES:
Andersen, M.: Kinetic Models for the Role of Protein Thiols during Oxidation in Beer J. Agric. Food Chem. 2017, 65, 10820-10828
Source: Barth Innovations
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These Days in Business History
30 July
1863 - Henry Ford, car manufacturer was born
1897 - German chemist named Felix Hoffman synthesizes a stable form of acetylsalicylic acid in a laboratory in Berlin. The head of Bayer's pharmacological institute, Heinrich Dreser, soon names the product "aspirin," and it becomes the best-selling drug of all time
1928 - George Eastman demonstrates 1st color movie
1962 - The Trans-Canada Highway, the largest national highway in the world, is officially opened
31 July
1790 - 1st US patent granted, to Samuel Hopkins for a potash process
1809 - 1st practical US railroad track (wooden, for horse-drawn cars), Philadelphia
1925 - Unemployment Insurance Act passed in England
01 August
1930 - Clarence Birdseye is awarded a U.S. patent for the invention of packaged frozen food
1950 - Steve Wozniak, future co-inventor of the Apple computer, is born
1981 - Pres. Ronald Reagan signs into law the Economic Recovery Tax Act of 1981, the biggest tax cut in American history, which streamlines the Federal income tax brackets, lowers the top rate to 36%, and creates the universally-deductible Individual Retirement Account
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: Craft beer production, number of breweries grow in first half of 2018
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Growth for small and independent craft brewers remained stable for the first half of 2018, according to new mid-year metrics released by the US Brewers Association (BA)—the not-for-profit trade association dedicated to small and independent American brewers.
Production volume for the craft segment increased five percent during the first half of 2018.
“While more mature, the market continues to show demand for small and independent craft brewers,” said Bart Watson, chief economist, Brewers Association. “There are certainly industry headwinds, but this stabilized growth rate is reflective of the market realities that exist for brewers today.”
As of June 30, there were 6,655 active breweries, up from 5,562 during a comparable timeframe last year. An estimated 2,500 to 3,000 breweries are in planning, based on active Alcohol and Tobacco Tax and Trade Bureau (TTB) licenses.
“The data demonstrate that 2018 is on pace to have the highest number of brewery openings and closings to date. However, even as breweries close, openings continue to far outpace the number that shutter,” added Watson. “New players looking to enter the space should be aware of the constructs of the current landscape, work to differentiate themselves and will need to make quality beer to succeed.”
...More info on site
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USA: Boston Beer’s return to growth continues for a second consecutive quarter
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Boston Beer Company’s return to growth continued for a second consecutive quarter, Brewbound reported on July 27.
The company — which makes the Samuel Adams, Angry Orchard, Twisted Tea, and Truly Spiked & Sparkling products —reported on July 26 its second-quarter earnings results, which were highlighted by a 10.2 percent increase in net revenue to $273.1 million. For the 26-week period ending June 30, Boston Beer’s net revenue was up 13.2 percent, to $463.6 million.
Boston Beer’s year-to-date depletions are up 11 percent due to increased demand for Truly, Twisted Tea and Angry Orchard products, the company said, and only partially offset by Samuel Adams’ declines. In the last 13 weeks, depletions increased 12 percent.
As a result of those double-digit depletion trends, Boston Beer has adjusted its full-year depletion guidance. It is now expecting depletions (sales-to-retailers) to grow between 7 and 12 percent in 2018.
“I am tremendously proud of the efforts of our people in achieving double-digit growth and record total depletions, while maintaining a focus on quality and innovation,” Boston Beer founder and chairman Jim Koch said during a call with investors and analysts. “I believe that our depletions growth is attributable to our key innovations, quality and strong brands, as
...More info on site
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USA, MI: Old Post Brewing Company hopes to open in Howell next spring
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A former post office in Howell is planned as the location for the city's newest brewery, the Livingston Daily reported on July 30.
"We'll try to maintain the feel the post office had," said Craig Gantner, who purchased the 121 S. Walnut Street building with business partner Aaron Guild.
The former post office, which was built in 1936, was closed in the 1980s. The city sold it in 1987 to Ann Arbor Railroad, and it was converted to office space. Several features of the old post office remain such as a cupola with a weather vane on the roof and woodwork around interior doors. The building has been vacant for several years.
"We're trying to stick with the post office theme, and it's going to be called Old Post Brewing Company," Guild, 38, of Lansing, said. "We're also going to name some of the beers after the post office (theme)."
Gantner, a 60-year old Iosco Township resident who grew up going to the former post office, said he is excited to breathe new life into the building.
"It's been abandoned for a while," he said. "The building needs a little TLC, but we're real happy to have it."
They plan to brew beer in
...More info on site
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USA, WA: Burke-Gilman Brewing opens in Seattle
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A new brewery has opened its doors in Seattle off the Burke-Gilman Trail. Located at 3626 NE 45th St., Suite 102, in the Laurelhurst neighborhood, the fresh arrival is called Burke-Gilman Brewing, the Hoodline reported on July 27.
The taproom features indoor and outdoor seating, ample parking for cars and bicycles and a wide variety of brews on offer, including IPAs, ales, stouts and porters, per its website.
Look for beers like the 111 Mile IPA (made with local ingredients), the Burke Stout and the Saison Brevet, along with ciders like the Greenwood Blush and the Spire Pear. This spot doesn't have a kitchen yet for snacks, but allows you to bring your own food.
With a 4.5-star rating out of three reviews on Yelp so far, the new brewery is off to a promising start.
Alex E., who visited the new spot on July 23, wrote, "The brewery has a lovely wooden decor and great local art. The brewery is dog friendly and has amazing outdoor seating space with long communal tables. I tried the IPA and the Pale Ale. The IPA was delicious, and the Pale Ale was OK."
Yelper Gary W. added, “This is an excellent place as a stop
...More info on site
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Canada: Molson Coors Canada’s new non-alcoholic Coors Edge beer to be available through Amazon.ca
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Molson Coors Canada has announced that its new Coors Edge non-alcoholic beer will now be available through Amazon.ca, Drinks Insight Network reported on July 30.
With less than 0.5% alcohol by volume (ABV), Coors Edge has been double-brewed and contains 45 calories per 355ml can.
Molson Coors e-commerce and digital senior manager Tonia Coletta said: “Now more than ever, we all seek options but not at the expense of convenience – this new offering sits at the intersection of those consumer demands: a spot for delicious, non-alcoholic beer in your Amazon shopping cart, ordered from the comfort of wherever-you-are.
“We’re excited to be at the forefront as the first non-alcoholic beer offering in Canada on Amazon at a time of increased demand for low and non-alcoholic beer.”
Molson Coors Canada’s new responsible drinking option will be delivered directly to the consumer’s doorstep.
Available in six and 12 packs of 355ml cans, Coors Edge is suitable for people seeking a moderation and control.
The company’s latest move offers convenience to beer-loving Canadians.
Established in 1786 in Montreal by the Molson family, Molson Brewery merged with the US-based Coors to form the Molson Coors Brewing Company in 2005.
Molson Coors operates through Molson Coors Canada, MillerCoors, Molson Coors Europe and
...More info on site
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World: Beer production up 0.1% in 2017
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As a result of the adjustments to the output figures for some countries, world beer output in 2016 was in fact 7 million hl
...More info on site
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World: Heineken reports higher beer sales, earnings below market expectations in H1
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Heineken, the world’s second-largest beer maker, cut its full-year margin forecasts due to currency weakness in some more profitable markets and expansion in Brazil,
...More info on site
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UK: Overall beer sales increase 3.6% in Q2 2018
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UK’s overall beer sales in the second quarter of 2018 were up 3.6% - but down 1% in the on-trade - versus the same
...More info on site
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Germany: Beer sales up 0.6% in last six months
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Germans love beer at the best of times, but they are drinking even more this summer, with the hot weather and the football World
...More info on site
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Vietnam: Sabeco’s Q2 net profit down 6.37%
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Vietnam’s largest brewer Sabeco reported on July 30 second-quarter net profit of 1.29 trillion dong ($55.46 million), down 6.37 percent from a year earlier,
...More info on site
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World: IGC lowers forecast for total grains, barley output in 2018/19
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The International Grains Council (IGC) on July 26 lowered its forecast for total grains production in 2018-19 to 2.059 billion tonnes, down from 2.077
...More info on site
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World: Brewers to get a good supply of hops this year
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Brewers will get a good supply of hops, a key beer ingredient, this year as the world hop harvest is likely to reach a
...More info on site
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EU: Baltics, Scandinavian barley crops significantly damaged by weather
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Drought conditions are so bad in the Baltic/Scandinavian regions this year that most locals cannot remember a similar situation, H. M. Gauger GmbH said
...More info on site
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EU: Brewers facing shortage of malting barley because of scorching weather this summer
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First it was carbon dioxide. Now it is malting barley.
After grappling with a shortage of the gas that adds bubbles to lager and the
...More info on site
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Australia & China: China importing Australian malting barley at ever-increasing rate
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China has an unquenchable thirst for Australian malting barley, with the nation importing barley for beer making at an ever-increasing rate, The Weekly Times
...More info on site
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Japan: Kirin ramping up beer output as ‘unprecedented’ heat wave continues in Japan
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As Japan’s “unprecedented“ heat wave continues to blanket the country, sales of summer essentials such as beer, ice cream and air conditioning units have seen notable sales increases across the country during July, The Drinks Business reported on July 26.
The ongoing heat wave in Japan has killed 80 people and hospitalised 35,000 since the beginning of July.
Major brewer Kirin is already planning to ramp up its production at all of its factories across the country, and increase its low-malt output by about 20% over last year, according to Japanese newspaper Yomiuri Shimbun.
Meanwhile Suntory Spirits also plans to increase production of ‘chuhai’, a canned alcoholic drink, as well as its whisky and soda highballs by 15% in the two months of July and August.
The country’s beer shipments in the first half of 2018 dropped for the sixth year, due to increased retail prices but the prolonged summer heat might help stimulate sales in the coming months.
In addition, sales of air conditioners in the country rose in both June and July. Electronics company Daikin Industries will increase its air conditioner production by 10% from July to September, according to the newspaper.
Popsicles and ice creams are also moving fast at convenience stores across
...More info on site
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New Zealand: MyFarm launches NZ17.64 mln investment in what will become New Zealand’s largest hop garden
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MyFarm has launched a NZ$17.64 million investment into what will become New Zealand’s largest hop garden, newsroom.co.nz reported on July 30.
The opportunity to invest
...More info on site
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New Zealand: Lion buys Harrington’s boutique craft brewery
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Lion New Zealand has clinched a deal to buy Harrington's craft brewery - one of the pioneers in the boutique sector, The Press reported on July 31.
When John Harrington set up the business in Christchurch 27 years ago, the only other independent brewer of note was Nelson-based McCashin's which Lion bought in 1999, although the latest generation of the McCashin family continues a local operation.
The Harrington's brand will be integrated into the Lion's den for wider national sales, providing a niche between the traditional Mac's brews and more intense hop-flavoured beers of Emerson's, which it acquired in 2012.
Harrington's founder, John Harrington said the market was "a very different place" from when he started and he had been thinking for a while about how best to carry the business into the future.
He said he had a relationship with Lion since his publican days and it had a strong track record of growing craft beer brands.
"We're confident that the work we've done in creating a strong legacy will be protected, and even strengthened by this move," Harrington said.
Lion plans to invest about NZ$2 million updating the Christchurch brewery in the initial stages to reinvigorate the business and improve brewing processes.
Rory Glass, Lion
...More info on site
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Ireland: Boortmalt adjusts malting barley protein specifications
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Boortmalt has adjusted its malting barley protein specifications for this year’s harvest. Malting barley supplied to the company can now have a protein content as high as 12%, Agriland reported on July 30.
Growers who supply Boortmalt deliver both distilling and brewing barley. Distilling barley takes up 30% of the contracted tonnage and brewing barley takes up the remaining 70%.
Distilling barley only reaches the hopper when it has a protein content of less than, or equal to, 9.3%.
At the beginning of the harvest, the protein specifications for malting barley stated that protein content must be at, or below, 10.8%.
However, protein contents from early crops have been high in many cases, with a range of between 9% and 14% reported to AgriLand in the south and midlands so far.
As a result, Boortmalt has changed the brewing specification for protein content to 12%.
The decision taken by the maltsters comes as there is expected to be a shortage of malting barley across Europe.
The total harvest of malted barley across Europe has been predicted to drop by 500,000 tonnes in some cases.
The shortage has also caused the price paid for the commodity to rise. In the UK, a premium of £50/t is being paid above
...More info on site
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South Korea: Diageo accepts applications for voluntary retirement amid deteriorating profitability
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Diageo Korea, the purveyor of Windsor and Johnnie Walker, has recently carried out large-scale restructuring to cope with its deteriorating profitability, the U.K.-based distiller's local subsidiary said on August 1.
According to the top whisky maker in the Korean market, it accepted applications for voluntary retirement last month from its employees who have worked for the company for more than five years.
Over 30 employees including executives and branch managers reportedly applied.
This is the first time in five years that Diageo Korea has carried out such a program.
The liquor firm agreed with its union to give severance pay and additional compensation to the retirees, according to industry officials.
"We have actually reshuffled our organization every year, but it has been a long time since we accepted applications for early retirement," a Diageo Korea spokeswoman said. "The reason for the recent reform is to enhance our efficiency and revitalize the company."
Diageo Korea posted 325.7 billion won ($293 million) in sales between July 2016 and June 2017, down 4.8 percent from 342.1 billion won for the same period from 2015. It was the company's first failure to reach 350 billion won in sales since 2007.
Its operating profit also dropped to 56.8 billion won during the
...More info on site
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