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E-Malt.com Newsletter 11a
March 11 - March 13, 2019
Quote of the Week
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Currency Rates
Base Currency: US Dollar
on March 13, 2019 |
Base Currency: Canadian Dollar
on March 13, 2019 |
| |
1 USD = 0.8869 EUR
1 USD = 0.7609 GBP
1 USD = 1.3385 CAD
1 USD = 1.4132 AUD
1 USD = 111.3100 JPY
1 USD = 3.8244 BRL
1 USD = 65.7133 RUB
1 USD = 6.7090 CNY
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1 CAD = 0.7470 USD
1 CAD = 0.5684 GBP
1 CAD = 0.6626 EUR
1 CAD = 1.0556 AUD
1 CAD = 83.1500 JPY
1 CAD = 2.8569 BRL
1 CAD = 49.0882 RUB
1 CAD = 5.0117 CNY
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Currency Rates Chart
Equities of the Largest Breweries
World: EU leads world malt exports, US ranked fifth
...Click here
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USA: D.G. Yuengling & Son once again recognized as the US’ largest craft beer producer
...Click here
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USA, MI: Edelbrau Brewing Co. launches in Pittsfield Township
...Click here
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USA, GA: StillFire Brewing to open in Suwanee’s former firehouse
...Click here
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USA, NY: Syracuse’s newest brewery Talking Cursive already open
...Click here
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USA, CO: Old 121 Brewhouse coming to Lakewood on March 20
...Click here
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USA, MA: Loophole Brewing Services to offer contract brewing services in Holyoke, Massachusetts
...Click here
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USA, MN: Falling Knife Brewing Company getting ready to open this year
...Click here
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USA, NJ: Jersey Cyclone Brewing Company finally announces early April opening
...Click here
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Russia: Russian maltsters now able to almost fully cover domestic malt requirements
...Click here
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The Philippines: San Miguel Food and Beverage reports 14% growth in brewery business revenue
...Click here
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Mozambique: Heineken opens its first brewery in Mozambique
...Click here
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World: World barley trade forecast reduced to 26.505 mln tonnes this month
...Click here
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The Czech Republic: Budějovický Budvar records highest bee exports in its history last year
...Click here
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Malaysia: Brewery stocks advance on news of beer prices hike
...Click here
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World: Carlsberg Group announces changes in executive committee
...Click here
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Malaysia: Theodoros Akiskalos to replace Lars Lehmann as Carlsberg Brewery Malaysia managing director
...Click here
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Graph of the Week
Table of the Week
US Hop Exports
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
11 March
1702 - 1st English daily newspaper "Daily Courant," publishes
1935 - Bank of Canada opens
1986 - 187.27 million shares traded in New York Stock Exchange
12 March
1365 - University of Vienna founded
1970 - Digital Equipment Corporation introduces PDP-11 minicomputer
1986 - 210.25 million shares traded in New York Stock Exchange
13 March
1974 - Charles de Gaulle Airport opens near Paris France
1979 - European Monetary System is established, ECU created
1986 - Microsoft Corp. goes public at an initial offering price of $21 a share, raising $61 million just one day after Oracle Corp.'s own IPO. Microsoft closes the day at $28.
2008 - Gold prices on the New York Mercantile Exchange hit $1,000 per ounce for the first time
Agenda
March 2019:
11 - 13: 105th Brewing and Engineering Congress 2019 (Rust, Germany)
13 - 14: BeerX 2019 (Liverpool, UK)
13 - 16: Festival Brasileiro da Cerveja 2019 (Blumenau, Brazil)
14 - 16: Alltech Craft Brews & Food Fair 2019 (Dublin, Ireland)
15 - 17: Barcelona Beer Festival 2019 (Barcelona, Spain)
27 - 28: Craft Beer Italy 2019 (Milan, Italy)
27 - 29: 10th World Barley, Malt & Beer Conference (Warsaw, Poland)
April 2019:
04 - 06: Warsaw Beer Festival 2019 (Warsaw, Poland)
05 - 06: Helsinki Beer Festival 2019 (Helsinki, Finland)
08 - 11: Craft Brewers Conference & BrewExpo America 2019 (Denver, Colorado, USA)
10 - 12: Drink Technology India 2019 (Bengaluru, India)
26 - 28: Zythos Beer Festival 2019 (Leuven, Belgium)
May 2019:
07 - 09: International Beer Strategies Conference 2019 (Dublin, Ireland)
15 - 17: Craft Beer China 2019 (Shanghai, China)
17 - 19: Mondial de la Biere 2019 (Paris, France)
21 - 23: Africa Brewing Conference 2019 (Addis Ababa, Ethiopia)
21 - 24: Beer 2019 (Sochi, Russia)
21 - 26: Latvia Beer Fest 2019 (Riga, Latvia)
22 - 25: Mondial de la Biere 2019 (Montreal, Canada)
23 - 25: Copenhagen Beer Festival 2019 (Copenhagen, Denmark)
28 - 30: Brasil Brau 2019 (Sao Paulo, Brazil)
30 - 01 June: Expo Wine + Beer 2019 (Santiago de Chile, Chile)
June 2019:
02 - 06: The 37th Congress of the European Brewery Convention (Antwerp, Belgium)
03 - 04: The Brewers of Europe Forum 2019 (Antwerp, Belgium)
09 - 11: Brewing Conference 2019 (Bangkok, Thailand)
24 - 26: 2019 ASBC Meeting (New Orleans, USA)
25 - 26: BevExpo 2019 (Ricoh Arena, Judds Lane, Coventry, United Kingdom)
July 2019:
03 - 04: Craft Drinks India 2019 (Bengaluru, India)
09 - 11: Fdt Africa 2019 (Midrand, South Africa)
August 2019:
02 - 04: The 23rd International Berlin Beer Festival (Berlin, Germany)
06 - 10: The Great British Beer Festival 2019 (London, UK)
07 - 10: VIETFOOD & BEVERAGE - PROPACK 2019 (Ho Chi Minh City, Vietnam)
09 - 10: Beervana 2019 (Wellington, New Zealand)
26 - 31: Copa Cervezas de America 2019 (Valparaiso, Chile)
September 2019:
04 - 08: Mondial de la Biere 2019 (Rio de Janeiro, Brazil)
21 - 06 October: Oktoberfest 2019 (Munich, Germany)
26 - 27: Sea Brew 2019 (Bangkok, Thailand)
26 - 28: Stockholm Beer & Whisky Festival 2019 (Stockholm, Sweden)
October 2019:
03 - 05: Stockholm Beer & Whisky Festival 2019 (Stockholm, Sweden)
03 - 05: The Great American Beer Festival 2019 (Denver, USA)
November 2019:
12 - 14: Brau Beviale 2019 (Nuremberg, Germany)
27 - 29: Drink Japan 2019 (Makuhari Messe, Japan)
December 2019:
05 - 07: Drink Technology India 2019 (New Delhi, India)
More events are available on site e-malt.com
News Articles
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World: EU leads world malt exports, US ranked fifth
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The European Union leads the world in malt exports, with exports of 2.6 million tonnes from calendar year (CY) 2014 to 2018, USDA said
...More info on site
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USA: D.G. Yuengling & Son once again recognized as the US’ largest craft beer producer
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The Brewers Association released on March 12 its annual rankings of the top U.S. beer companies based on projected 2018 sales volume.
Amongst BA-defined small and independent craft brewing companies – those businesses that make fewer than 6 million barrels of beer annually and are less than 25 percent owned by a non-craft brewer – Pennsylvania’s D.G. Yuengling & Son once again secured the top spot as the largest producer of craft beer in the U.S.
Boston Beer Company and Sierra Nevada Brewing ranked second and third, respectively, and the top seven-ranked breweries remained unchanged versus last year.
The Canarchy Craft Brewery Collective – which consists of Oskar Blues, Cigar City Brewing, Perrin Brewing, Utah Brewers Cooperative, Deep Ellum Brewing, and Three Weavers Brewing – moved up one spot, to eighth, while Stone Brewing fell one spot, to ninth.
Meanwhile, Oregon’s Deschutes Brewery held onto its 10th place ranking. In total, 16 of the top 50 craft breweries maintained their positions, while another six companies shifted ahead one place.
As in previous years, there were a few standout companies that made significant gains.
Cincinnati’s Rhinegeist made the biggest leap forward last year, moving up an eye-catching 11 places (to 28th) from its ranking as the 39th
...More info on site
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USA, MI: Edelbrau Brewing Co. launches in Pittsfield Township
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The Ann Arbor area's newest brewery has taken a few years to get off the ground, but some of its beer recipes have been literally centuries in the making, the Concentrate reported on March 6.
Edelbrau Brewing Co. owner and master brewer Teo Watson-Ahlbrandt originally anticipated releasing his beers in 2017, but opening his business took longer than expected. He says the brewery had a couple "soft openings" to friends and family with limited hours in January. The 4,300-square-foot production facility and bottle shop officially opened in mid-February at 719 W. Ellsworth Rd., Suite 2, in Pittsfield Township.
The brewery focuses on traditional English and German beers, including the currently available Edelbrau IPA and Oat Malt Brown Ale. Watson-Ahlbrandt says the brown ale recipe dates back to the 1850s, derived from the work of beer history blogger Ron Pattinson.
"(Pattinson) talked about going into the (British archives), because the old tax records were based around ingredients," Watson-Ahlbrandt says. "At the time, they were concerned about diverting ingredients from the food supply, and beer was considered either a vice or at least not as vital, and was taxed differently than bread. So recipes were more or less spelled out in tax
...More info on site
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USA, GA: StillFire Brewing to open in Suwanee’s former firehouse
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A Suwanee firehouse will soon become a brewery, the Atlanta Journal Constitution reported on March 5.
Gwinnett County Fire Station 13, across Buford Highway from Suwanee Town Center, will close in April, allowing StillFire Brewing to move in. The brewery, expected to open in the fall, will be run by longtime Suwanee residents.
The city realized months ago that improvements Gwinnett County Fire and Emergency Services wanted in Station 13 would simply not fit in the building, said Adam Edge, Suwanee’s downtown development and business manager.
The county is building a new station about two miles from its current location, near the intersection of Buford Highway and Westbrook Road. Suwanee won’t see gaps in fire service during its construction, Edge said.
Once it was clear the fire department would have to move, the Veugeler Design Group expressed interest in turning the building into a brewery, Edge said. The group is run by Randall and Angela Veugeler, who also put on Suwanee Beer Fest and founded Suwanee Magazine.
The city’s downtown development authority is leasing the land and building to StillFire Brewing for three years, with an option to purchase set to kick in at the end of the lease, Edge said. The brewery’s backers will
...More info on site
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USA, NY: Syracuse’s newest brewery Talking Cursive already open
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At the new Talking Cursive Brewing Co. in downtown Syracuse, they do more than brew the beer and pour it for customers, NewYorkUpstate.com reported on March 6.
They can talk the talk.
Members of the tasting room staff at Talking Cursive are taking the online beer server course offered through the national Certified Cicerone program. (A cicerone is the beer equivalent of a sommelier for wine). That means they’ll be able to talk about such topics as beer styles, proper serving temperatures and the right glassware, along with the perfect way to pour each glass.
“We’ve been to places where the beer might be good, but the servers can’t talk about it or describe it,” said Patty Brooks, a co-owner of Talking Cursive. “That’s frustrating, and we want to avoid that."
Talking Cursive has its grand opening starting 2:30 p.m. Thursday (March 7) at 301 Erie Blvd. W., next to Cafe Kubal and across from the Niagara Mohawk Building. It’s owned by Patty Brooks, her husband Andrew (the brewer) and their business partner, Susan Kimmel.
It will be the 10th craft brewery operating in the city of Syracuse - it would have been the 11th but Sahm Brewing closed its downtown location in January. There
...More info on site
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USA, CO: Old 121 Brewhouse coming to Lakewood on March 20
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Old 121 Brewhouse will open at 1057 S. Wadsworth Blvd. in Lakewood on March 20. But craft beer won’t be the only libation on the menu; the new business also will offer a line of craft sodas, as well as craft-brewed iced teas produced by Denver’s Teakoe Tea, BusinessDen reported on March 7.
“We’ll make our craft sodas here on site, and we’re partnering with Teakoe to round out our nonalcoholic offerings,” co-founder Brett Zahrte said. “Hanging out at breweries is a very social thing to do, but not always do you want to be drinking. So we decided to offer things we think are missing in the marketplace.”
The taproom will offer craft root beer and two varieties of soda made with hops, Zahrte said. Its beer lineup will include a lager, a pale ale, an IPA, a stout, a honey brown ale and an Irish red ale, as well as an English-style mild ale made in collaboration with Berkeley’s The Grateful Gnome Brewery.
Zahrte is in charge of the brewery’s nonalcoholic offerings, including its partnership with Teakoe. Other founding partners include his wife Karla Zahrte, who oversees the financials, head brewer Jason Bailey and partner Eric Gupta.
The group signed a five-year
...More info on site
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USA, MA: Loophole Brewing Services to offer contract brewing services in Holyoke, Massachusetts
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Loophole Brewing Services announced on March 6 its plans to open its brewery and taproom at 104 Whiting Farms Road in Holyoke, Massachusetts, Brewbound reported.
The initial iteration encompasses 13,000 sf housing a state-of-the-art brewery as well as a taproom with outdoor seating. Loophole Brewing Services’ mission of “meeting the needs of craft brewers” is central to the planning and design of the operation.
“We saw some of our favorite breweries with small systems simply not being able to keep up with demand. At the same time, they could not expand or relocate due to space or financial constraints,” said Jeffery “Heffe” Goulet, one of three Loophole Brewing co-founders, “We saw an opportunity to support these great breweries, giving them access to the brewing space at the volume they need.”
Loophole’s small batch contract brewing option provides growing regional breweries with a right size option for increased demand, new products, or collaborations among the area’s prominent brewers.
“Loophole is providing a tremendous service by offering additional small batch capacity,” said Jared Methe, co-founder of Rustic Brewing, “It is a game changer to know that our growth doesn’t have to depend on a huge equipment purchase or relocating our brewery.”
Loophole
...More info on site
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USA, MN: Falling Knife Brewing Company getting ready to open this year
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Beer drinkers of the Greater Twin Cities, say hello to your newest Northeast Minneapolis neighbor: Falling Knife Brewing Company, Brewbound reported on March 7.
Opening in 2019, Falling Knife will brew adventurous and classic beers that are as distinctive in style as the people and culture that makes up this flourishing and historic neighborhood. These world-class beers will meld with the sounds of a curated jukebox, uniquely-designed taproom and the ambience of friends enjoying one another’s company.
Falling Knife Brewing Co. occupies a 7,400-square-foot space with a 20-barrel brewhouse and 149-person full-service taproom, including a dedicated pinball alley. 16 taps will showcase a wide array of beers produced exclusively on premise, and include a spectrum of styles and flavors that will appeal to a multitude of patrons.
“We didn’t realize it at the time, but this project started with listening to bands we love and drinking beer at venues around the Twin Cities.” said CEO Andy Rutledge. “That bond eventually progressed into serious conversations about starting a brewery together, which is now becoming Falling Knife Brewing Company.”
Rutledge is joined by Tom Berg and Dan Herman, both longtime veterans of the beer and service industries. Berg was a nationally decorated homebrewer and BJCP
...More info on site
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USA, NY: Prosper Brewing debuts in North Tonawanda
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The wait is over. The brewing industry has officially returned to the Tonawandas with the debut of nano-brewery Prosper Brewing, at 72A Webster St., North Tonawanda, across the street from the Riviera Theatre, Buffalo News reported on March 8.
Owners Kevin Whipple and Tim Berg, natives of the Tonawandas who started home-brewing roughly six years ago, have brewed 11 beers for their taproom, the linchpin of the business. There's no intent to distribute for now, but growlers will be available soon, and canning for crowlers is likely.
"We want to be a local community brewpub," Berg said. "We thought the area needed something like this."
Whipple is pleased with Prosper's full palate of beers, ranging from an approachable pilsner – dubbed Not So Bohemian Pils – to darker brews suited for cold weather such as the Prosper Porter, a Nitro Milk Stout and the Munich Dunkel. Even with Prosper's small three-barrel system, the owners plan to brew a rye stout for St. Patrick's Day and a Belgian strong ale in the future.
Prosper's prices are lower than their local counterparts, with pints ranging from $5 to $6. A flight of four beers is $8. And unlike many of its peers, Prosper will remain open
...More info on site
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USA, NJ: Jersey Cyclone Brewing Company finally announces early April opening
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Jersey Cyclone Brewing Company has been long (long) “in the works,” and while circumstances have pushed their opening date more than a little bit, their website finally says the Somerset-based craft brewery should finally be opening in early April, the New Jersey Monthly reported on March 7.
Once open, the brewery promises to have a tasting room (construction photos of a long, gleaming bar attest as much), but there aren’t many hints or indications about what kind of beers you can expect (though at least one photo of “experimentation with stout variants” had a barrel-aged stout with chocolate and chipotle).
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Russia: Russian maltsters now able to almost fully cover domestic malt requirements
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Thanks to significant investments in the sector Russian maltsters are now almost fully covering all domestic malt requirements, Zerno Online reported citing Baltika Brewerie’s
...More info on site
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The Philippines: San Miguel Food and Beverage reports 14% growth in brewery business revenue
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San Miguel Food and Beverage Inc. (SMFB) grew its net income by eight percent to P30.5 billion last year, the company announced on March
...More info on site
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Mozambique: Heineken opens its first brewery in Mozambique
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Heineken officially opened its first brewery in the district of Maputo, Mozambique on 13 March in the presence of His Excellency Filipe Nyusi, the
...More info on site
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World: World barley trade forecast reduced to 26.505 mln tonnes this month
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USDA’s forecast for world barley trade in 2018/19 is currently set at 26.505 mln tonnes versus 27.005 mln tonnes in its February report.
Australia barley
...More info on site
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The Czech Republic: Budějovický Budvar records highest bee exports in its history last year
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Budějovický Budvar last year recorded the highest exports in its history. The brewing company – whose products are sold under the Czechvar brand name
...More info on site
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India: Bangalore leading India’s craft beer boom
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Bangalore is known as the "Silicon Valley of India" for its concentration of tech startups, but the city is also on the cutting-edge of the country's craft beer boom, the Nikkei Asian Review reported on March 12.
Craft beer is still a tiny part of India's $3 billion beer market, but annual growth is predicted to be in the double digits, spurring a race to woo customers in a country where per capita beer consumption is still below 5 litres.
While major players like Kingfisher and United Breweries are keen to tap the small but fast-growing segment, craft beer remains dominated by a slew of smaller brewers, particularly when it comes to non-bottled sales.
Trends in Bangalore may be particularly worth watching, as the fierce local competition spurs an arms race of flavor, innovation and marketing. According to John Eapen, a local brewing consultant, there are 53 brewpubs in the city while the total number for all of India is around 150.
Eapen sees craft beer as the fastest-growing and most promising segment in the beer sector. "The movement in India is barely over 10 years old. The first brew pub opened in Gurgaon in 2008 and shortly after that in Pune and Bangalore.
...More info on site
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Malaysia: Brewery stocks advance on news of beer prices hike
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Brewery stocks advanced on March 12 over a report of a price hike of up to 6.2% effective April 1, The Edge Markets reported.
At 10.33am, Carlsberg Brewery Malaysia Bhd's share price rose 14 sen or 0.54% to RM25.88 while Heineken Malaysia Bhd gained 8 sen or 0.35% to RM22.90.
Both counters were among Bursa Malaysia's top gainers in the morning session.
The Edge Financial Daily reported on March 12 that, for the new price list, Heineken has raised the prices of some of its products — per pack — by between 3% and 5%, while Carlsberg has increased the prices of some products between 3% and 6.2%.
"This price hike will be the first since Heineken and Carlsberg raised their prices after the reintroduction of sales and service tax on Sept 1 last year.
"The brewers said the higher prices are due to the continued escalation of prices of raw materials and packaging," said the daily.
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World: Carlsberg Group announces changes in executive committee
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Carlsberg Group has announced a number of changes in its executive committee.
Lars Lehmann has been appointed as the executive vice-president of its eastern European operations and managing director of Baltika Breweries in Russia.
Current executive vice-president of Eastern Europe, Jacek Pastuszka, will take over the same role for Western Europe.
Chris Warmoth, the present executive vice-president for Western Europe, has been named the new executive vice-president for group strategy, effective 1 May 2019.
Warmoth joined Carlsberg in January 2014 as the executive vice-president for the Asian region.
He has held several top roles in the brewery, and has played an important role in driving transformation within the organisation.
Lehmann joined the Carlsberg Group in 2003 and has held various leading portfolios within the group.
These include the role of vice-president commercial for Eastern Europe and the head of the export, license, and duty-free division.
In 2016, he became the managing director of Carlsberg Malaysia.
Managing director of Carlsberg Sweden, Ted Akiskalos, will take over Lehmann's role in Carlsberg Malaysia.
Pastuszka played an important role in stabilising the financial performance of the company's eastern European operations.
He joined the brewing group in 2009 as the managing director of Carlsberg Polska.
In 2011, he was appointed as the managing director of Carlsberg’s Norwegian
...More info on site
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Malaysia: Theodoros Akiskalos to replace Lars Lehmann as Carlsberg Brewery Malaysia managing director
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Carlsberg Sweden managing director Theodoros (Ted) Akiskalos will take over as Carlsberg Brewery Malaysia Bhd (Carlsberg Malaysia) managing director, replacing Lars Lehmann effective May 1, 2019, The Sun Daily reported on March 12.
In a filing with Bursa Malaysia, Carlsberg Malaysia said that Lehmann, 52, has been appointed as a new member in the executive committee of Carlsberg A/S (Carlsberg Group) as executive vice president for Eastern Europe.
Lehmann’s new role includes the position as CEO of Baltika, Carlsberg Group’s company in Russia.
Akiskalos, 40, is currently the managing director of Carlsberg Sweden since June 2016. He joined the group in March 2010 and was previously the vice president of group strategy for Carlsberg Group before being appointed as managing director for Carlsberg Hong Kong in January 2014.
Prior to joining the Carlsberg Group, Akiskalos was Associate Principal of McKinsey & Company based in Boston, USA.
“I am pleased to announce that Ted will succeed Lars as our new managing director effective May 1, 2019. Throughout his nine years with the Carlsberg Group, Ted has delivered excellent results in driving growth and leading various transformational projects.
“Under his leadership as managing director, Carlsberg Sweden returned to growth in top- and bottom-line in all categories of beer,
...More info on site
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