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E-Malt.com Newsletter 33b
August 15 - August 18, 2019

Quote of the Week

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Currency Rates

Base Currency: US Dollar
on August 16, 2019
Base Currency: Canadian Dollar
on August 16, 2019
      1 USD = 0.8984 EUR
1 USD = 0.8270 GBP
1 USD = 1.3313 CAD
1 USD = 1.4756 AUD
1 USD = 106.0400 JPY
1 USD = 4.0272 BRL
1 USD = 66.0503 RUB
1 USD = 7.0314 CNY
      1 CAD = 0.7510 USD
1 CAD = 0.6211 GBP
1 CAD = 0.6747 EUR
1 CAD = 1.1082 AUD
1 CAD = 79.6300 JPY
1 CAD = 3.0245 BRL
1 CAD = 49.6051 RUB
1 CAD = 5.2807 CNY

Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Brewery news USA: Craft Brew Alliance reports 1.7% net sales growth ...Click here
Brewery news USA, IN: HopLore Brewing to open its second location ...Click here
Brewery news USA, MN: Trout City Brewing now open in Preston, Minn. ...Click here
Brewery news USA, VA: Cave Hill Farms to launch unique brewery in McGaheysville ...Click here
Brewery news USA, MI: Boatyard Brewing Company to close down at the end of August ...Click here
World News
Brewery news World: Carlsberg’s half-year sales rise 6.5% ...Click here
Brewery news China: China Resources Beer’s net profit up 20% in H1 2019 ...Click here
Brewery news China: Tsingtao Brewery posts 25.2% growth in first-half net profit ...Click here
Brewery news China: China Resources Beer weighing possible acquisition of minority stake in AB InBev’s Asia Pacific unit ...Click here
Brewery news Malaysia: Carlsberg Brewery Malaysia’s Q2 net profit increases 2.1% ...Click here
Brewery news Spain: Spanish brewers fear huge impact from Brexit ...Click here
Brewery news Kenya: East African Breweries reaping rewards of investments in key assets ...Click here
Brewery news Ghana: Guinness Ghana launches new Guinness Smooth beer ...Click here
Brewery news Kenya: Heineken loses appeal against Sh1.7 billion payout ...Click here
Brewery news Nepal: Warsteiner ready for brewing competition in Nepali beer market ...Click here
Graph of the Week

Table of the Week

Switzerland Beer Market Overview

Table of the week.

Barley Prices

Theoretical Malt Prices

These Days in Business History

15 August
1769 - Napoleon Bonaparte was born, resident of Elba (emperor 1804-13, 1814-15)
1911 - Procter & Gamble unveils its Crisco shortening
1914 - Panama Canal opens (under cost)

16 August
1870 - Fred Goldsmith demonstrates curve ball isn't an optical illusion
1930 - The first color sound cartoon, called Fiddlesticks, is made by Ub Iwerks
1955 - Fiat Motors orders 1st private atomic reactor
1991 - Belgium census is 10,000,963 inhabitants

17 August
1802 - In one of history's greatest acts of inventive daring, Robert Fulton launches his new steamboat from the north shore of Manhattan
1998 - The Russian government devalues the ruble and declares a moratorium on paying its foreign debt, a de facto default that sends the global bond markets crashing, triggers the collapse of the giant U.S. hedge fund Long-Term Capital Management and sends shockwaves through the world's financial system

18 August
1868 - French astronomer Pierre Janssen discovers helium
1904 - Max Factor Jr was born, CEO (Max Factor Cosmetics)
1937 - 1st FM radio construction permit issued (W1X0J (WGTR) in Boston MA)
1952 - Patrick Swayze was born in Houston Texas, actor/dancer
1960 - 1st photograph bounced off a satellite, Cedar Rapids, Iowa


August 2019:
26 - 31: Copa Cervezas de America 2019 (Valparaiso, Chile)

September 2019:
04 - 08: Mondial de la Biere 2019 (Rio de Janeiro, Brazil)
17 - 19: 10th Iberoamerican VLB Symposium Brewing & Filling Technology 2019 (Guadalajara, Mexico)
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)
29 - 13 November: World Beer Cup 2020 (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

Brewery news USA: Craft Brew Alliance reports 1.7% net sales growth
Relying upon its Hawaiian-based Kona Brewing brand is proving to be a smart strategy for Craft Brew Alliance, which reported second-quarter earnings of $0.10 per share on adjusted net sales that rose 1.7% year over year, the Yahoo Finance reported on August 13.

While profits were down versus the year-ago period, that was due to the brewer's heavy marketing program to fire up sales of Kona, which saw depletions jump 8% from last year along with an 11% increase in shipments. Depletions -- sales to distributors and retailers -- are an industry proxy for consumer demand; Kona alone accounted for 70% of Craft Brew Alliance's total depletions.

The craft beer industry faces continued pressure on sales. The industry trade group Brewers Association reporting overall sales rose 4% in the first half of 2019, with the gains primarily coming from the strength in microbreweries, taprooms, and brewpubs.

Independent brewers continue to struggle, no doubt because there are a record 7,460 craft breweries in operation today, a 15% increase from the same period last year.

The trade group's chief economist Bart Watson said, "Overall demand for beers from small and independent brewers continues to increase, but at levels that make it difficult for all breweries ...More info on site

Brewery news USA, IN: HopLore Brewing to open its second location
HopLore Brewing has announced plans to open a second location in the gateway district between Warsaw and Winona Lake. The company says it plans to kick off beer production this fall and open a taproom by the end of the year, the Inside Indiana Business reported on August 12.

The company was founded in 2016 and has acquired several accolades since. Touting a gold medal at the World Beer Championships, a bronze medal at the Brewers Cup, and multiple People’s Choice awards the brewery's flagship location reports visitors form nearly 30 states.

“This announcement represents more than a year of planning for this next step in the HopLore Brewing journey,” said Co-Founder Stefan King in a news release. “Our second location will greatly expand our brewing capacity so that we can meet growing demand.”

Brewery news USA, MN: Trout City Brewing now open in Preston, Minn.
A giant trout statue welcomes you to Preston, Minnesota. Downtown, a bicycle rack shaped like the fish jumps out of the sidewalk. The city has dubbed itself “Minnesota’s Trout Capital,” so it’s only natural that its new brewery, opening August 15 next to the National Trout Center, would name itself accordingly—Trout City Brewing—and prominently feature a vibrant rainbow trout in its logo, The Growler reported on August 15.

Longtime Preston residents and Trout City co-owners Anita and Andy Bisek always knew they were going to play off of the trout theme of the city with their brewery. “Preston adopted the National Trout Center concept,” Andy says. “Always been known for trout fishing. People equate Preston as a trout city.”

Trout branding isn’t the only way the couple wants to honor Preston. The Biseks bought a 130-year-old former bank downtown in order to remodel it and save a bit of history. After purchasing the building in April of 2018, the brewery concept came quickly. “Initially we thought we’d rent it out; we didn’t plan on a business,” Anita says. “The more we did, the more we thought this could be a kitchen, this could be a brewery, this could be a bar.”

The building, ...More info on site

Brewery news USA, VA: Cave Hill Farms to launch unique brewery in McGaheysville
Since the 1800s, Cave Hill Farms in McGaheysville has been producing a variety of crops and livestock. Now, they plan on producing something a little different, WHSV reported on August 15.

In a few weeks, Cave Hill Farms will add a new and unique brewery to their list of attractions. Walt Hopkins, the operator of Cave Hill Farms, said he has been brewing the idea for a while.

"The brewing was something that I wanted to do mainly because of the excitement of the chemistry and for me the engineering part. The application of all that onto the farm and the integration of farm agriculturally grown enterprises," said Hopkins.

Cave Hill Farms Brewery will become Rockingham County's first official farm brewery. The farm has also been growing their own ingredients and hops for over five years. The horses on the farm inspired Hopkins to decorate the taproom with saddle bar stools and fun signage.

Not only will the 10 barrel brewery serve beer, it will also serve history, with a machinery museum dedicated to Hopkins' father, John, who was the creator of Massanutten Village.

"My father started on the collection of a lot of these antiques, most of which were used on this farm. Some ...More info on site

Brewery news USA, MI: Boatyard Brewing Company to close down at the end of August
Northside-area brewery Boatyard Brewing Company has announced that it will be closing its doors at the end of August, the Midwest Communication reported on August 13.

The brewery broke the news through a Facebook post.

"While the Kalamazoo community has supported our business, it has been difficult to keep Boatyard a viable business," the post reads. "The investors have reviewed the recent financials and have made the decision not to keep the Boatyard open."

Despite the news of the closure, Boatyard seems to be leaving on a positive note.

"We leave behind an amazing beer scene in Kalamazoo," the post reads. "This city produces some of the best beer in the world. We ask all of the fans of the Boatyard to make sure you go out and support all of the local breweries in town. You are blessed to be in a town with so many talented brewers: buy their beer and support them with great love."

Boatyard Brewing will have its final day on August 31st.

Brewery newsWorld: Carlsberg’s half-year sales rise 6.5%
Carlsberg reported a 6.5% rise in half-year sales on August 15, as the Danish brewer sold more expensive beer and its operating margins improved ...More info on site

Brewery newsChina: China Resources Beer’s net profit up 20% in H1 2019
China Resources Beer's net profit rose 20% on year in the first half, boosted by increased sales volume and higher average sale prices.

The brewer ...More info on site

Brewery newsChina: Tsingtao Brewery posts 25.2% growth in first-half net profit
Tsingtao Brewery Co., Ltd., China's second-biggest brewery and producer of Tsingtao Beer, posted a 25.2 percent year-on-year growth in net profit in the first ...More info on site

Brewery newsChina: China Resources Beer weighing possible acquisition of minority stake in AB InBev’s Asia Pacific unit
China Resources Beer Holdings is weighing the possibility of acquiring a minority stake in the Asia-Pacific unit of the world's largest brewer Anheuser Busch ...More info on site

Brewery newsMalaysia: Carlsberg Brewery Malaysia’s Q2 net profit increases 2.1%
Carlsberg Brewery Malaysia Bhd's second quarter ended June 30, 2019 (2QFY19) net profit was 2.1% higher at RM65.26 million or 21.34 sen per share, ...More info on site

Brewery news Spain: Spanish brewers fear huge impact from Brexit
The profile of Spanish beer is growing internationally but a new set of factors is threatening to undermine its success. Although beer consumption has bounced back last year after losing ground during the economic crisis – 20% between 2007 and 2012 – the economic slowdown coupled with external factors such as the possibility of a no-deal Brexit have started to ring alarm bells, El Pais reported on August 14.

“It’s a little early to say, but we have felt the effects of the economic slowdown and then there is concrete data, such as the drop in British tourism,” said Jacobo Olalla, managing director of Spain’s beer producer association Cerveceros de España, during the presentation of a report on Spanish vacation habits, produced by the association.

According to Olalla, Brexit is going to have a huge impact on the Spanish beer market, both in terms of tourism and exports. The United Kingdom is the third biggest export market for Spanish beer – 467,132 hectolitres in 2018 from a total of 2.97 million – and the main source of foreign tourists in Spain. “It’s a country with a big beer culture which doubles or triples our consumption and also helps us to export,” Olalla ...More info on site

Brewery news Kenya: East African Breweries reaping rewards of investments in key assets
East African Breweries Limited (EABL) is reaping the rewards of its decision to invest in key assets, its managing director and CEO was quoted as saying by the African Business Magazine on August 15.

For almost 100 years, drinking a beer in the East African region has routinely meant picking up a cold Tusker lager – the flagship product of Nairobi-based East African Breweries Limited (EABL).

The beer was named in honour of George Hurst, the co-founder of EABL’s predecessor company, Kenya Breweries Ltd (KBL), who was killed by an elephant soon after the establishment of the firm in 1922.

In 1935, KBL acquired Tanganyika Breweries and the companies merged to become EABL the following year. At the turn of this century, Diageo, the world’s largest beverage company, acquired a majority stake in the firm.

Since then it has introduced a suite of local products to the market as well as leveraging UK-based Diageo’s global brands such as Johnnie Walker and Guinness.

As the second biggest company in the market after telecommunications firm Safaricom, EABL contributes approximately 1% of Kenya’s GDP and its products have retained a reputation as some of Kenya’s favourite brands.

Growth in key products such as Senator Keg, a lower end ...More info on site

Brewery news Ghana: Guinness Ghana launches new Guinness Smooth beer
Guinness Ghana Breweries PLC (GGBPLC) has launched its latest stout - Guinness Smooth - made from 70 per cent natural ingredients from Ghana, allghananews.com reported on August 14.

Brewed with fruity, butterscotch flavour to provide a distinctive and perfect bittersweet taste of smoothness and refreshment, the latest addition was crafted with the Ghanaian consumer in mind, and is a new expression of Guinness, developed by the Guinness master brewers.

Speaking during an exclusive revel, Samuel Dery, Marketing Manager for Stouts, Adult Premium Non-Alcoholic Drinks (APNADs) and Ready-to-Drink (RTD), Guinness Ghana, noted that, the local brewing team in Ghana worked closely with the international brewers in Dublin, the home of Guinness, to deliver an exciting and stand out beer that has refreshment of a lager but bold character of Guinness for casual social occasions.

“This is an important addition to our beverage portfolio. At Guinness Ghana, innovation is critical to our business, we wanted to create a unique beer with Ghanaian consumers in mind. This demonstrates our Commitment to innovation and bring to the Ghanaian consumer a flavourful beer which they can always enjoy.”

“It has been a really exciting project and the team who have worked together on the product are so ...More info on site

Brewery news Kenya: Heineken loses appeal against Sh1.7 billion payout
The High Court has declined to stop execution of a judgement requiring Heineken East Africa Company to pay Maxam Limited Sh1.7 billion in a distribution row, The Star reported on August 14.

Heineken had moved to court seeking stay of execution orders pending their appeal.

Lawyers representing Heineken on Tuesday argued the company has no assets.

"We have filed a notice of appeal and we shall be prosecuting it expeditiously. We ask the court to come at the earliest day to have the matter heard. During that period, we pray that a stay be granted and we are ready to provide security," they said.

However, lawyer Philip Nyachoti representing local distributor Maxam said Heineken has deliberately declined to obey the orders issued by Justice James Makau last month.

“This is impunity by the company. They deliberately decided not to obey the orders issued on July 29. Defendants should comply with the orders before the stay is issued,” Nyachoti argued.

Justice Wilfrida Okwani, however, declined to grant the beer makers any orders and directed that they serve their application to the respondents.

The matter will be heard on September 17.

Last month, Justice Makau awarded Maxam Sh1,799,978,868 as special damages for loss of business after its ...More info on site

Brewery news Nepal: Warsteiner ready for brewing competition in Nepali beer market
In little as a year since production of Warsteiner — a premium German beer — started in Nepal, the brand has appeased the palate of local consumers. However, the brand officials are well aware of the brewing competition, as the beer culture grows in the country, the Himalayan Times reported on August 15.

“The beer market in Nepal is growing constantly, which will encourage a number of new brands to foray into Nepal,” said Thomas Nosner, technical director of Warsteiner International, who is currently visiting Nepal. “Hence, it is crucial that we make our product ready for the new market circumstances as the Nepali market is sure to face huge competition in the near future.”

Around a year ago, Raj Brewery, a subsidiary of Jawalakhel Group of Industries (JGI), started the production of Warsteiner in the country.

Warsteiner International is ‘satisfied with the progress’ of the German beer brand in the Nepali market.

“We have observed that the number of Warsteiner beer drinkers is continuously increasing in Nepal and we are satisfied with this steady growth of the brand in the country,” said Nosner.

Offering a completely different taste to Nepali consumers, Nosner opined that Warsteiner beer will continue to grow in the local market ...More info on site

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