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E-Malt.com Newsletter 32b
August 09 - August 12, 2018
Quote of the Week
Blessed is the mother who gives birth to a brewer.
Czech saying
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Currency Rates
Base Currency: US Dollar
on August 10, 2018 |
Base Currency: Canadian Dollar
on August 10, 2018 |
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1 USD = 0.8636 EUR
1 USD = 0.7773 GBP
1 USD = 1.3030 CAD
1 USD = 1.3494 AUD
1 USD = 110.9900 JPY
1 USD = 3.7821 BRL
1 USD = 66.2856 RUB
1 USD = 6.8194 CNY
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1 CAD = 0.7674 USD
1 CAD = 0.5965 GBP
1 CAD = 0.6627 EUR
1 CAD = 1.0355 AUD
1 CAD = 85.1700 JPY
1 CAD = 2.9022 BRL
1 CAD = 50.6886 RUB
1 CAD = 5.2329 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, OR: Craft Brew Alliance reports 2% rise in Q2 earnings
...Click here
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USA, CA: Ballast Point might build Mission Bay brewery soon
...Click here
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USA, OH: Eighty-Three Brewery coming to Akron next year
...Click here
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USA, MA: Iron Duke Brewing hoping to launch in Ludlow in mid-2020
...Click here
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USA, LA: Cajun Brewing to close its doors at the end of August
...Click here
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The Philippines: San Miguel Food and Beverage reports 20% increase in first-half income
...Click here
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Romania: Beer market up almost 20% in last five years
...Click here
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Brazil: Heineken may close two breweries in Brazil - report
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EU: Outlook for EU’s barley crop lowered to 57.1 mln tonnes
...Click here
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France: Winter barley production expected to drop 1.7% this year
...Click here
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Germany: Grain harvest expected to be the lowest in 24 years but spring barley still to increase by 14.2%
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Latvia: Cesu Alus brewery’s turnover increases 14.7%
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World: Diageo announces first tranche of buyback programme
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Australia: Brewers Association calling Tax Office for heavy taxes on beer
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Graph of the Week
Table of the Week
World Hop Area and Production 2014 - 2017
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
HOW HOPS AND YEAST INTERACT
ABSTRACT
This is a large research field and studies to look into it
are only starting. Our Team looked into hop aroma of dry
hopped beers using two different yeast strains (Califorina
Ale and German Koelsch yeasts) and two different
hop varieties (US Cascade and Hallertau MittelfrUEh).
Dry hopping was done on an equal hop oil equivalent
(4ml/hl) after 3 days of fermentation. Our results show
that hops are a main source of 3MH although malt also
delivers this thiol into beer. The concentration of 4MMP
was mainly dependent on the hop variety. Beers brewed with Cascade showed a concentration whereas beers
brewed with Hallertau Mittelfrueh or unhopped beers
had lower concentrations or no 4MMP was detected.
The results suggest that the California Ale Yeast has
a higher ability to release monoterpene alcohols from
precursors. The California Ale beer with Cascade
had higher levels of geraniol and citronellol and was
described as more citrusy, The higher levels of 4MMP
in the beers made with Cascade hops also showed
higher intensities for "red berries" in the sensory profiling.
Our results show that hop variety has a stronger influence
than yeast on the levels of 4MMP. Higher levels of
linalool in beers made with HHA also match the
sensory description of more intense floral flavour.
REFERENCES:
Munoz, A.: Kugel, R: Transfer of pesticides from hops into beer P.3.11 at 13th Trends in Brewing, April 2018, Ghent
Read more
Source: Barth Innovations
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These Days in Business History
09 August
1874 - Harry S Parmelee patents sprinkler head
1945 - US drops 2nd atomic bomb "Fat Man" on Japan destroys part of Nagasaki
1976 - USSR launches Luna 24, last Lunar flight to date from Earth
10 August
1500 - Diego Diaz discovers Madagascar
1793 - The Musee du Louvre is officially opened in Paris, France
1961 - England applies for membership in the European Common Market
1981 - Coca-Cola Bottling Co agrees to pump $34 million into black business
1988 - UN estimates Asia's population hit 3 billion
11 August
1909 - SOS 1st used by an American ship, Arapahoe, off Cape Hatteras, NC
1950 - Steve Wozniak, future co-inventor of the Apple computer, is born
1992 - The world's largest shopping center, the US$650-million, 4.2-million-square-foot Mall of America, opens in Bloomington, Minnesota
12 August
1856 - Anthony Fass patents accordion
1877 - Thomas Edison invents Edisonphone, a sound recording device
1960 - Echo 1, 1st communications satellite, is launched
1981 - The IBM Personal Computer is released
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, OR: Craft Brew Alliance reports 2% rise in Q2 earnings
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Craft Brew Alliance (CBA) reported on August 8 its second-quarter earnings, which were highlighted by a 2 percent revenue increase, to $61.8 million.
CBA attributed the uptick in net sales to increased shipments of the Kona brand, and increases in average unit pricing, despite continued Widmer Brothers and Redhook declines.
In a press release, the company – which also makes the Omission, and Square Mile Cider brands, and has partnerships with three smaller craft outfits – said net sales were up 4 percent, to $109.3 million, through the first six months of the year.
“It’s fitting that as CBA marks its 10th anniversary this summer, we also just delivered the best quarterly performance in our company’s history across all key dimensions,” CEO Andy Thomas, said via the release. “As we look to continue navigating the fast-changing social lubricant landscape, we are emboldened by our team’s track record of tangible strategic and operational results and bullish on a future rooted in our Kona Plus strategy and guided by our learnings.”
In Q2, CBA’s portfolio-wide depletions (-2 percent) and shipments (-0.4 percent) were both down, however. At the halfway point of the year, CBA’s company-wide depletions were down 3 percent, but shipments were up 3.5 percent.
Nevertheless,
...More info on site
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USA, CA: Ballast Point might build Mission Bay brewery soon
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Pioneering San Diego brewery Ballast Point might have big Bay Area aspirations. According to an ABC filing spotted by the Chronicle, the brewery — which famously sold to mega beverage corporation Constellation Brands for $1 billion in 2015, joining an arsenal that includes Modelo and Corona — has filed for a beer manufacture license at 705 16th Street in Mission Bay, San Francisco.
According to the Chronicle, work permits show applications for construction on a 6,300-square-foot restaurant for Ballast Point at the location, mere blocks from the soon-to-be-home of the Golden State Warriors.
Ballast Point is best known for its flagship IPA, Sculpin, and variations on it. News of its growth is in keeping with Ballast Point’s aggressive expansion tactics. It’s even bringing beer to Dinseyland’s “Downtown Disney” area, a major coup.
But Mission Bay already has one new brewery in the works: Expanding local brewers and distillers Seven Stills are hard at work on a new production facility and restaurant nearby at 100 Hooper. Seven Stills currently operates in the Bayview, with outposts on Nob Hill and in the Outer Sunset. Owners Tim Obert and Clint Potter are currently fundraising to complete their new Mission Bay project, seeking investors in what
...More info on site
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USA, OH: Eighty-Three Brewery coming to Akron next year
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A craft brewery is coming to the East End development in Akron, the Acron Beacon Journal reported on August 7.
Eighty-Three Brewery, a production brewery, tasting room and eatery, plans to open next year in the brick building that houses the Goodyear Theater along East Market Street in the city’s Middlebury neighborhood.
The building is part of Goodyear Tire & Rubber Co.’s former world headquarters.
“It’s pretty cool to go into a historic building,” said Chris Surak, 35, an Akron homebrewer who’s launching the seven-barrel brewery with his wife Stephanie, 34, and other investors.
“It’s something we’ve been working on for a long time,” he said. “Now that it’s official, we’re ready to get this going and make some awesome beer.”
The Suraks announced the brewery project last week on social media.
The East End area is home to high-end apartments, a Hilton Garden Inn and SummaCare, with plans for retail and restaurants to feed the people living and working there. A brewery fits in with the redevelopment, Surak said.
The Suraks are still in the early stages of the project.
Eighty-Three will cover about 4,500 square feet on the first floor of the building. Surak plans to brew a wide variety of styles, eventually hoping to develop
...More info on site
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USA, MA: Iron Duke Brewing hoping to launch in Ludlow in mid-2020
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Iron Duke Brewing is still working through the state, local and federal regulatory process of building a new brewery, tap room and restaurant inside what is now an industrial building in Ludlow, and hopes the 18-month construction process will be done in mid-2020, MassLive.com reported on August 7.
That timeline will work out for Iron Duke, said owner Nicholas Morin.
The company recently settled litigation with its current landlord at the Ludlow Mills complex, Westmass Area Development Corp., Morin said. Under its new agreement with Westmass, Iron Duke will stay in Ludlow Mills under the terms of its current lease until it expires in October 2020.
Eric Nelson, president and CEO of Westmass Area Development Corp., said the private not-for-profit industrial and business development corporation would have no comment.
In April, Iron Duke bought a former industrial site at 18-20 Cottage Ave. in Wilbraham for $900,000. The site is just north of Route 20.
Iron Duke Brewing received approval last week from the Wilbraham Zoning Board of Appeals for its move.
For Iron Duke, that October 2020 date might sound like a long time to remain in Ludlow when the brewery has plans to move. But Morin said it would be hard if not impossible
...More info on site
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USA, LA: Cajun Brewing to close its doors at the end of August
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Cajun Brewing will close its doors at the end of August after a two-year run in Lafayette, The Daily Advertiser reported on August 7.
The announcement came on August 7 via the company's Facebook page:
"Virtually everyone can relate to a time in their life when they faced a tough decision, that time at Cajun Brewing is now," the post said. "Because of certain circumstances beyond our control, we regretfully announce the closure of Cajun Brewing, Lafayette’s first manufacturing brewery."
Cajun Brewing opened its taproom to the public in September 2016, joining the Acadiana craft beer scene alongside existing operations Parish Brewing in Broussard and Bayou Teche Brewing in Arnaudville.
The brewery's flagship beer, Cajun Wit, was available in dozens of bars and restaurants in south Louisiana. The wheat-based ale had a 5.2 percent alcohol by volume with a medium-light body and a dry finish and citrus and coriander aromatics.
"This fantastic journey into the craft industry wouldn’t have been possible without you, our truly amazing customers," the brewery management wrote on Facebook. "We can’t thank everyone enough for their patronages to our brewery and the many festivals attended throughout the years."
Cajun Brewing's facility and tasting room at 206 Rayburn St. will remain open to
...More info on site
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The Philippines: San Miguel Food and Beverage reports 20% increase in first-half income
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San Miguel Food and Beverage Inc. (SMFB), the combined food and beverage unit of conglomerate San Miguel Corp., said its income rose 20 percent
...More info on site
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Romania: Beer market up almost 20% in last five years
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The beer market in Romania went up by almost 20% in the last five years, reaching RON 3.97 billion (EUR 870 million) in 2017,
...More info on site
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Brazil: Heineken may close two breweries in Brazil - report
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Heineken NV is considering closing two factories in northeastern Brazil, a senior executive said in an interview with newspaper Valor Economico.
Vice President Nelcina Tropardi
...More info on site
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EU: Outlook for EU’s barley crop lowered to 57.1 mln tonnes
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Analysts at Strategie Grains made another steep cut to their estimate for this year's European Union soft wheat harvest, citing parched conditions in northern
...More info on site
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France: Winter barley production expected to drop 1.7% this year
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According to a report published on August 9 by FranceAgriMer, Arvalis, and Terres Inovia, France’s winter barley production is expected to amount to around
...More info on site
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Germany: Grain harvest expected to be the lowest in 24 years but spring barley still to increase by 14.2%
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Germany’s 2018 grain harvest will be the lowest in 24 years after a drought and heatwave heavily damaged crops, the association of German farm
...More info on site
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Russia: Barley exports up 94% in 2017/18
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According to preliminary data, 2017/18 barley exports from Russia were up 94% year-over-year at a record 5.83 mln tonnes (excluding the Customs Union), reports
...More info on site
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Latvia: Cesu Alus brewery’s turnover increases 14.7%
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Latvia’s Cesu Alus brewery turned over 54.267 mln in 2017, up 14.7% against a year before, while its profit nearly doubled to EUR 5.516 mln, informs LETA.
The company’s beer sales rose 13.5% year-on-year to 76.3 mln litres in 2017, Cesu Alus management said, adding that growth was recorded in all beverages segments, with the sales of fermented beverages, water and non-alcoholic beverages growing at the fastest pace.
According to the company’s management, Cesu Alus accounted for 68% of Latvia’s total beer output last year.
In 2017, the brewery’s energy management system was certified to ISO 50001 and the company continued to implement its long-term investment program, spending EUR 1.67 mln on production upgrades.
In 2016, Cesu Alus generated EUR 47.314 mln in turnover and made a EUR 2.785 mln profit.
With a 99% stake in the company’s capital Finland’s Olvi is the key owner of Cesu Alus.
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World: Diageo announces first tranche of buyback programme
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Diageo said on August 10 it had entered into an agreement with Citigroup to execute the first tranche of the company's buyback programme, the Shares Magazine reported.
The agreement commenced on August 10 and is expected to end no later than 31 January 2019, Diageo said.
Diageo will buy back about £1.4 bln of shares, and further tranches are expected to be announced during the financial year ending 30 June 2019.
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Australia: Brewers Association calling Tax Office for heavy taxes on beer
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Australia’s Brewers Association is calling out the Australian Tax Office for its heavy taxes on beer as increases are expected this month, the Food & Drink Business reported on August 9.
“The latest 2016-17 data on beer and taxes is sobering,” Brewers Association of Australia CEO Brett Heffernan said.
“Despite beer being by far the lowest concentration of all alcohol products, beer excise netted the Australian government the biggest return of A$2.38 billion."
Heffernan said Australian beer excises ranked among the highest in the world despite per capita consumption of beer falling 60 per cent over the last four decades, and the excise automatically goes up every February and August.
He said there was also a GST of 10 per cent on the excise, and another 10 per cent GST is paid on the wholesale price.
“All told, that’s a tax trifecta worth a whopping A$4.2 billion in just one year, just from beer,” Heffernan said.
The Wine Equalisation Tax (WET) saw A$850 million collected from wine in 2016-17, with no increase in the WET since it was introduced almost 20 years ago.
“It’s beer drinkers who are paying the most in alcohol tax despite imbibing a fraction of the alcohol,” he said.
“Serious excise reform that recognises
...More info on site
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