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RombBullet Quote of the week
RombBullet Currency rates
RombBullet Brewers equities
RombBullet Industry news
RombBullet Graph of the week
RombBullet Table of the week
RombBullet Prices evolution
RombBullet Barley prices
RombBullet Theoretical malt prices
RombBullet Scientific digest
RombBullet Business history
RombBullet Agenda
RombBullet News articles





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E-Malt.com Newsletter 31b
August 02 - August 05, 2018


Quote of the Week

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Anne Frank

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Currency Rates


Base Currency: US Dollar
on August 03, 2018
Base Currency: Canadian Dollar
on August 03, 2018
      1 USD = 0.8605 EUR
1 USD = 0.7655 GBP
1 USD = 1.3015 CAD
1 USD = 1.3556 AUD
1 USD = 111.5700 JPY
1 USD = 3.7527 BRL
1 USD = 63.1358 RUB
1 USD = 6.8309 CNY
      1 CAD = 0.7682 USD
1 CAD = 0.5881 GBP
1 CAD = 0.6610 EUR
1 CAD = 1.0414 AUD
1 CAD = 85.7100 JPY
1 CAD = 2.8830 BRL
1 CAD = 48.5556 RUB
1 CAD = 5.2478 CNY

Currency Rates Chart


Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Brewery news USA & Canada: Molson Coors’ worldwide beer volumes drop 2.4% in Q2 2018 ...Click here
Barley news Canada & United States: CMBTC expects average barley yields in most of Western Canada ...Click here
Brewery news USA: Consumers chose beer among other drinks less frequently last year – Beer Institute ...Click here
Brewery news Canada: Microbreweries facing shortage of cans and higher costs ...Click here
Brewery news Canada, AB: Big Rock Brewery Inc. announces Q2 and H1 2018 results ...Click here
Brewery news USA: Diageo launches first Guinness brewery on US soil in more than 60 years ...Click here
Brewery news USA, TX: Symbolic Brewing hopes to open in Houston by early 2019 ...Click here
Brewery news USA, KS: Rockcreek Brewing Company on the path to opening brewery in downtown Mission ...Click here
World News
Brewery news China: Heineken buying 40% stake in the parent of China’s largest beer company ...Click here
Brewery news EU: Beer production increases by 2.5 bln litres last year ...Click here
Barley news EU: Malting barley prices pushed up by sharp increase in feed values ...Click here
Barley news EU: Central Europe reports predominantly poor barley crop results this year ...Click here
Brewery news Portugal: Beer production sees 11% increase in 2017 ...Click here
Brewery news Spain & the UK: UK remains Mahou San Miguel’s leading export market ...Click here
Brewery news Japan: Beer consumption down but consumers still love beer like beverages ...Click here
Barley news Kazakhstan: Barley exports shows gradual slowdown in second half of marketing year 2017/18 ...Click here
Brewery news Africa: Nigeria, Cameroon and Kenya top Guinness consumers in Africa ...Click here
Graph of the Week


Table of the Week

Russia, Ukraine, and Kazakhstan Barley Supply & Demand Balance 2018/19f


Table of the week.

Prices Evolution

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

These Days in Business History


02 August
1858 - 1st street mailboxes-Boston, Mass
1890 - The BOVESPA (Bolsa de Valores de Sao Paulo, or Sao Paulo Stock Exchange), Brazil's central securities market, is founded
1984 - Euro Court condemns phone-tapping
2000 - The New York Stock Exchange begins trading in decimals, ending the two-century-old practice of pricing stocks in increments of 1/8th of a dollar

03 August
1887 - Thomas Alva Edison receives a U.S. Patent for his new kinetoscope, the predecessor to the motion-picture camera
1977 - Tandy Corp. introduces one of the earliest affordable personal computers, the TRS-80 (soon to be affectionately nicknamed the "Trash 80"). It has 4 (yes, four) kilobytes of memory, a black-and-white monitor, and uses floppy disks that truly flop when you shake them. It retails for just $599
1984 - Total trading volume on the New York Stock Exchange exceeds 200 million for the first time, as 236,565,110 shares change hands

04 August
1693 - Dom Perignon invents champagne
1790 - Congress enacts Alexander Hamilton's plan to fund the public debt and giving birth to the American securities markets
1930 - Michael J. Cullen opens his first King Kullen store. He calls it a "supermarket," one of the nation's first - and it is a smash hit, as people drive from miles around for the new shopping experience
2007 - NASA's Phoenix spaceship is launched

05 August
1914 - 1st traffic light installed (Euclid Ave & E 105th St, Cleveland)
1926 - 1st talkie movie "Don Juan" at Warner Theatre, NY
1930 - Birth of Neil Armstrong , X-15 pilot, 1st Moonwalker (Gemini 8, Apollo 11)
1991 - Soichiro Hondo CEO & founder (Honda), dies of liver cancer at 84


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


Brewery news USA & Canada: Molson Coors’ worldwide beer volumes drop 2.4% in Q2 2018
Beer brewer Molson Coors has promised to “aggressively” address falling volumes in the North American market, where customers’ thirst for brands like Coors Light, Miller Lite and Molson Canadian failed to perk up in the second quarter.

The Denver-based company said on August 1 that worldwide brand volumes fell 2.4 per cent in the three months ending June 30, with growth in Europe and international markets failing to overcome the declines in the US and Canada.

Net sales dipped 0.2 per cent year-over-year to $3.085 bln. Adjusted for currency, the decline was 1.9 per cent — an improvement on the 4.8 per cent drop seen in the first quarter of 2018, when it cited a “ softer than anticipated” start to the year.

Net income grew, however, thanks to a boost from US tax reform, lower marketing expenses and other factors, coming in more than 28 per cent higher year-over-year at $424.1 mln, or $1.96 a diluted share. Adjusted for special items, net income was 10.6 per cent improved from last year at $406.1 mln, or $1.88 a share.

Analysts had expected revenue of $4.096 bln, net income of $420 mln and earnings per share of $1.81, according to Thomson Reuters.

Mark Hunter, the company’s ...More info on site


Barley news Canada & United States: CMBTC expects average barley yields in most of Western Canada
The most salient fact about the crop conditions in the Prairies is that hot and dry conditions have advanced crop development and as a consequence barley harvest will start within the next few weeks in many parts of the west. A number of crop tours that took place last week have concluded that the crop yields will be average through most of the west and lower yields will occur in southern Alberta and sections of southern and central Saskatchewan, CMBTC said in its latest update on August 1. The August weather forecast for the Prairies is for above average temperatures and below normal rainfall which is not conducive to increase yield potential. Certainly areas that will be without any further precipitation may not achieve normal yields as the crop starts to go backwards in those regions. The only areas slated to get some rains are the central and northern parts of Alberta and Saskatchewan. Talking with some farmers, even some who had good growing conditions, they indicate that fields are maturing quicker than normal and that the yields will only be average. They state that the head count in the barley plants are lower than in previous years and they ...More info on site


Brewery news USA: Consumers chose beer among other drinks less frequently last year – Beer Institute
U.S. drinkers, particularly young ones, are having relationship problems with the national beverage, beer, as for the first time, Americans reaching for a drink more often chose a glass of wine or a cocktail, the BusinessAMLive reported on August 1.

According to the Beer Institute, a trade group, drinkers chose beer just 49.7 percent of the time last year, down from 60.8 percent in the mid-90s. Among 21 to 27-year olds, the decline has been sharper.

Anheuser-Busch InBev SA, Budweiser’s owner, found that in 2016, just 43 percent of alcohol consumed by young drinkers was beer. In 2006, it was 65 percent.

Specifically, per-capita beer consumption in the U.S. fell to 73.4 litres last year, from 80.2 in 2010 and 83.2 litres in 2000, according to IWSR, a drinks market research firm. Germany, by comparison, consumed 103 litres a person last year.

John Saputo, who owns beer distributorships in Florida and Ohio, according to Wall Street Journal (WSJ) report, realized the industry had a problem a few years ago when he went out with a team of young radio-ad sales people who wanted him to advertise Budweiser and Bud Light on a local station.

When it came to their own drinks, some of them ordered ...More info on site


Brewery news Canada: Microbreweries facing shortage of cans and higher costs
Canadian microbreweries are facing a shortage of cans and higher costs, forcing some to cut beer production after the country imposed retaliatory import duties on U.S. aluminum imports in the busy summer season, Reuters reported on July 31.

Though Canada is the world's third biggest aluminum producer and cans are made in the country, beer makers also rely on the import of more than 2 billion cans annually, largely from the United States, Statistics Canada data shows.

So when Canada struck back at the United States' tariffs on aluminum imports on July 1, and included cans, some craft brewers received notices of higher prices due to the duties while others have been unable to secure their usual supply of aluminum cans.

"It seems like no one has cans to sell," said Steve Beauchesne, co-founder and chief executive of Beau's Brewing Co in Ottawa, which sold a quarter of the 6.5 million liters (1.7 million gallons) of beer last year in cans.

"Whether it's tariff-related or not, clearly some large producers have greatly underestimated their demand so that the suppliers were caught off guard and unable to provide it," he added. Beauchesne, who declined to name his supplier, expects to run out of cans by ...More info on site


Brewery news Canada, AB: Big Rock Brewery Inc. announces Q2 and H1 2018 results
Big Rock Brewery Inc. on August 2 announced its financial results for the three and six months ended June 30, 2018.

"In the second quarter Big Rock made progress on several fronts to improve our current and future success," said CEO Wayne Arsenault. "Despite growing competition in the craft beer market, we reported a quarterly operating profit of C$473 thousand, compared to C$246 thousand in the prior year quarter, and net income of C$240 thousand compared to $207 thousand in the second quarter of 2017. Improvements in profitability were driven mainly by price increases that were introduced in late 2017 and early 2018, we also benefitted from operating cost efficiencies. In order to improve the production capacity and utilization of our British Columbia brewery, we announced a joint venture arrangement with another independently owned craft brewery in BC on April 19, 2018. Subsequently, on July 23, 2018 we have revised the arrangement into an offer to acquire certain brewing assets and inventory of the other brewery for a gross purchase price of approximately $940 thousand, less amounts owing to Big Rock. The agreement will also give Big Rock exclusive rights to use the seller's trademarks and other intellectual property and provides ...More info on site


Brewery news USA: Diageo launches first Guinness brewery on US soil in more than 60 years
Maryland Gov. Larry Hogan was on hand on August 2 to help open the first Guinness brewery on U.S. soil in more than 60 years, WTOP reported.

“Our administration is proud of Maryland’s robust and growing brewing industry and we are excited to welcome a legendary brewery like Guinness to our great state,” Hogan said at the ribbon-cutting ceremony for the Guinness Open Gate Brewery and Barrel House in Halethorpe, Maryland.

The brewery opens to the public at 3 p.m. Friday, August 3.

The new brewery sits on the refurbished site of a former Seagram’s bottling plant in Baltimore County. The beer-maker said the brewery will create 200 new jobs and said it hopes to attract 300,000 visitors in the first year.

The Baltimore County operation will be home to new Guinness beers specifically created for the U.S. market, such as the Guinness American Blonde Lager. The brand’s iconic stout will continue to be brewed at the famed St. James’ Gate in Dublin.

Construction on the $80 million project began last spring. The brewery opened a test taproom last October.

Diageo, which owns the Guinness brand, said it chose the Baltimore area for its first U.S. operation in several decades because of Maryland’s thriving brewing industry.

“Maryland ...More info on site


Brewery news USA, TX: Symbolic Brewing hopes to open in Houston by early 2019
Symbolic Brewing Company, a new German-influenced brewery from a Buffalo Bayou Brewing alum, will open on Houston’s Buffalo Bayou, the Eater Houston reported on July 31.

Caleb Hawkins’ new brewery at 5521 Navigation Boulevard was inspired by his time training at Germany’s renowned VLB Berlin school for brewmasters, which was founded in the 1800s, according to the Houston Business Journal. Hawkins told the publication that Germans emphasize spending time outdoors with family and focus on “crisp, drinkable beers,” something he says is lacking in Houston’s craft beer community.

Hawkins’ family purchased the acreage for his future brewery on the Buffalo Bayou, an interesting coincidence considering the two years he put in brewing for Buffalo Bayou Brewing Company. The property includes multiple buildings that will be renovated to create the brewing facility, tap room, and outdoor beer garden. A photo posted to Symbolic’s Facebook page in June indicates that the construction teams recently met in one of the property’s existing industrial buildings to go over renovation plans.

Hawkins told the Journal that he plans to have his brewing operations open to the public by early 2019.


Brewery news USA, KS: Rockcreek Brewing Company on the path to opening brewery in downtown Mission
Another microbrewery is getting ready to call Mission home. The owners of Rockcreek Brewing Company are on the path to opening a brewery and pub in downtown Mission, the Shawnee Mission Post reported on August 2.

Mark Schonhoff and his wife, Sara Charlson, have teamed up with their former coworkers at Cerner — Craig Reed, Chris Murrish and Sameer Brahmavar — to realize their dream of owning and operating their own craft brewery. In fact, their 20-year professional history inspired their name for the brewery: Cerner’s headquarters are on Rockcreek Parkway in North Kansas City.

Schonhoff said they are in the process of purchasing the building for Run Rite Automotive & Machine Shop, at 5880 Beverly Avenue. They just signed the contract for the building last week.

“We’ve been looking at various locations in Kansas City for the past couple of years,” Schonhoff said. “And we think we’ve finally found the right one, and if everything goes well, we’ll start marching towards getting the actual brewery open.”

It’s the latest in a wave of new small brewery operations planned for the area. Brew Lab opened its tap room in downtown Overland Park last year. Since then, Sandhills Brewing in Mission and Limitless Brewing in ...More info on site


Brewery newsChina: Heineken buying 40% stake in the parent of China’s largest beer company
Heineken is buying a 40 per cent stake in the parent of China’s largest beer company in a multibillion-dollar bet it can challenge arch-rival ...More info on site


Brewery newsEU: Beer production increases by 2.5 bln litres last year
August the 3rd is beer day, and according to Eurostat, in 2017, over 41 billion litres of beer containing alcohol were produced in the ...More info on site


Barley newsEU: Malting barley prices pushed up by sharp increase in feed values
French winter malting barley has been pushed up by the sharp increase in feed barley prices, whereas the malting premium still remains rather low, ...More info on site


Barley newsEU: Central Europe reports predominantly poor barley crop results this year
As per Eurostat’s latest estimates, Austria’s winter barley acreage is 93 thousand ha this year (86 thousand ha in 2017), whereas spring barley has ...More info on site


Brewery newsPortugal: Beer production sees 11% increase in 2017
Portugal's beer production increased by 11 percent in 2017 over the previous year, making it one of the three European countries where beer production ...More info on site


Brewery news Spain & the UK: UK remains Mahou San Miguel’s leading export market
The UK remains Mahou San Miguel’s leading export market after the Spanish brewer recorded 9% sales growth in Britain in 2017, the Drinks Retailing reported.

The firm accounts for 70% of Spanish beer production and holds a dominant position in its domestic market.

On a global basis, it grew volume sales by 3.4% in 2017 compared to the previous year, with the UK leading the charge.

Erik d’Auchamp, managing director of its international business unit, said: “In 2017 we reached a new milestone as an independent and family owned company and we are incredibly pleased with the performance of our portfolio both in the UK and globally.

“We take a very targeted approach with our international strategy to ensure that our brands resonate and are relevant to consumers in our markets.

“This year we will continue to focus on bringing innovative and dynamic initiatives that will reinforce San Miguel’s premium positioning and strengthen Mahou and Alhambra in the UK.”

Mahou San Miguel’s beers are distributed by Carlsberg in the UK.

San Miguel is now the number one world beer brand in impulse and in the on-trade, and it hit the number one spot in supermarkets at Christmas. Mahou, Spain’s bestselling beer, is being seeded to further ...More info on site


Brewery news Japan: Beer consumption down but consumers still love beer like beverages
Toriaezu, bīru—“Let’s start with a round of beer!” This standard phrase, often spoken before anyone has a look at a restaurant menu, reflects the Japanese people’s love for beer. Whatever the occasion, it starts with a glass of beer, especially in the hot summer months, Nippon.com reported on August 3.

This does not mean that beer is as popular as it has ever been, though. Regular beer consumption peaked in 1994 at 7,057,000 kilolitres. Consumption fell yearly after that; by 2009 it had reached the same level it had been in 1970. Even so, Japanese still love beer like beverages.

The first drop in regular beer consumption occurred when the low-malt beer called happōshu, literally “sparkling spirits,” was launched in 1994. The Liquor Tax Act defines beer as having a malt content of 67% or more, so Suntory developed a beer like beverage using less malt, making it subject to a lower liquor tax than beer. With a taste and aroma close to beer, yet at a cheaper price, it was a huge hit with consumers and other brewing companies soon followed suit.

As a way to prevent products being created with the purposed of reducing tax, the Ministry of Finance reformed the ...More info on site


Barley news Kazakhstan: Barley exports shows gradual slowdown in second half of marketing year 2017/18
The second half of MY 2017/18 saw a gradual slowdown in barley exports from Kazakhstan. So, 131.8 thousand tonnes was shipped abroad in April, or 17% less than in March. However, this is more than four times as much as in April 2017 and the largest volume of April’s exports since MY 2000/2001, UkrAgroConsult reported on August 2.

In total, Kazakhstan exported 1.21 mln tonnes of barley in MY 2017/18 (September – April), or 74% more than in the whole of MY 2016/17.

The top buyers of Kazakh barley include Iran, Uzbekistan and Afghanistan. During the reporting months, Iran boosted purchases to 1.16 mln tonnes that is already 86% more than in the whole of MY 2016/17. Shipments to other markets were comparable to those of the same period last season.

Kazakh barley was supplied to the EU market quite actively this season (11 thousand tonnes in the period under review). Just minor single shipments were made to this destination before.


Brewery news Africa: Nigeria, Cameroon and Kenya top Guinness consumers in Africa
According to the beer manufacturer Diageo, Kenya is among five African countries that consumes large quantities of Guinness and as such features high on the Guinness beer consumption in the world, the Pulse Nigeria reported on August 3.

The country where Diageo’s distributor, the East Africa Breweries Limited (EABL), is headquartered ranked sixth globally in Guinness beer consumptions.

“In Africa Guinness has a deep history – first arriving in Africa in 1827 – and it remains strongly embedded in the culture and one of the most popular beers on the continent,’’ said Mark Sandys, global head of beer at Diageo

Diageo and its associates hold 50.03 per cent stake in EABL which is the only listed distiller at the Nairobi Securities Exchange.

According to EABL, Guinness was the second most consumed beer in Kenya after Tusker, with the beer category contributing 73 per cent of the listed firm’s activities in Kenya.

The ranking comes just a week after EABL announced its results for year ending June 2018 where its net sales grew five per on the back of strong performance in the beer category.

However, much as Kenyans love their dark, tangy porter beer with a bitter finish and said to be 50% stronger compared to ...More info on site


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