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E-Malt.com Newsletter 39b
September 26 - September 29, 2019
Quote of the Week
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Dr. Henry Link
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Currency Rates
Base Currency: US Dollar
on September 27, 2019 |
Base Currency: Canadian Dollar
on September 27, 2019 |
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1 USD = 0.9140 EUR
1 USD = 0.8099 GBP
1 USD = 1.3258 CAD
1 USD = 1.4800 AUD
1 USD = 107.6900 JPY
1 USD = 4.1508 BRL
1 USD = 64.2086 RUB
1 USD = 7.1287 CNY
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1 CAD = 0.7542 USD
1 CAD = 0.6108 GBP
1 CAD = 0.6893 EUR
1 CAD = 1.1162 AUD
1 CAD = 81.2200 JPY
1 CAD = 3.1305 BRL
1 CAD = 48.4247 RUB
1 CAD = 5.3763 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Barley harvest progressing slowly, crop expected at around 10 mln tonnes
...Click here
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USA, OH: March First Brewing acquires FigLeaf Brewing Co. in Middletown
...Click here
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USA: Guinness US brewery launches its first new beer in several states ahead of national push
...Click here
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USA, NY: Fidens Brewing Co. to open its doors in Colonie on September 28
...Click here
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USA, CT: Boondoggle Beers planning its first brewery in Rocky Hill
...Click here
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USA, CO: Raices Brewing Co. to launch in Denver soon
...Click here
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USA, PA: Trouble’s End Brewing to take over former home of Appalachian Brewing Co.
...Click here
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USA, FL: Ocean Sun Brewing to close its doors for good
...Click here
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Asia: 232 craft breweries now open in South East Asia
...Click here
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Spain: Mahou San Miguel secures deal to produce and distribute AB InBev beers in Spain
...Click here
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France: France seeing mini-boom of new distilleries
...Click here
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Ireland: Ireland continues to have EU’s second-highest excise tax on beer - report
...Click here
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Brazil: Cassava beer conquers consumers in state of Maranhão
...Click here
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Graph of the Week
Table of the Week
US Hop and Alpha-Acid Production 2017-2018
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
26 September
1404 - Brussels Brabants/Limburgse audit-office established
1680 - Tax revolt in Gorinchem due to tax on cereal
1786 - England & France sign trade agreement
1972 - Norway rejects membership in European Common Market
27 September
1825 - Railroad transportation is born with 1st track (Stockton-Darlington)
1968 - France refuses UK entry into common market
1988 - US Senate votes for major federal tax code changes
28 September
1879 - Sydney Australia inaugurates steam motor tram route
1923 - Radio Times 1st published
1953 - Dutch government proclaims 5% general pay increase on Jan 1, 1954
29 September
1915 - 1st transcontinental radio telephone message is sent
1950 - Telephone Answering Machine created by Bell Laboratories
1979 - Gold hits record $400.20 an ounce in Hong Kong
Agenda
September 2019:
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)
24 - 26: Warsaw Beer Festival 2019 (Warsaw, Poland)
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)
January 2020:
31 - 01 February: Braukunst Live! 2020 (Munich, Germany)
February 2020:
04 - 08: Great British Beer Festival Winter 2020 (Norwich, UK)
07 - 10: HoReCa 2020 (Athens, Greece)
07 - 09: Finest Spirits 2020 (Munich, Germany)
15 - 18: Beer Attraction 2020 (Rimini, Italy)
24 - 26: Beviale Moscow 2020 (Moscow, Russia)
March 2020:
09 - 11: 107th Brewing and Engineering Congress 2020 (Rust, Germany)
11 - 12: BeerX 2020 (Liverpool, UK)
April 2020:
19 - 22: Craft Brewers Conference & BrewExpo America 2020 (San Antonio, Texas, USA)
25 - 26: Zythos Beer Festival 2020 (Leuven, Belgium)
May 2020:
05 - 07: International Beer Strategies Conference 2020 (Munich, Germany)
13 - 15: Craft Beer China 2020 (Shanghai, China)
19 - 21: Beer 2020 (Sochi, Russia)
21 - 24: Mondial de la Biere 2020 (Montreal, Canada)
June 2020:
03 - 04: The Brewers of Europe Forum 2020 (Antwerp, Belgium)
August 2020:
07 - 08: Beervana 2020 (Wellington, New Zealand)
News Articles
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Canada: Barley harvest progressing slowly, crop expected at around 10 mln tonnes
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Barley harvest is progressing very slowly across Canada and the forecast has temperatures dropping into single digits by next week in some areas with the possibility of snow flurries which is not encouraging for the combining of grain. A combination of lingering rains and wet conditions are contributing to the slow pace of harvest in Western Canada. Farmers are getting combines stuck in fields as they rush to get their crops off before the next rain event. Depending on the crop conditions and weather situation in the region, the majority of grain that remains unharvested is likely to be degraded, CMBTC reported on September 26.
On the plus side, farmers are reporting higher than average yields, which along with bigger seeded area this year, is pointing to a 10 million tonne barley crop, assuming producers manage to finish the harvest. However with many areas experiencing delayed harvest and quality issues, particularly pre-harvest sprouting, grain companies and maltsters may have to get creative and source malting barley from non-traditional areas to meet demand. This year's quality issues may also lead to a very tight carryover of malt barley for next year, or no carryover at all.
Early
...More info on site
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USA, OH: March First Brewing acquires FigLeaf Brewing Co. in Middletown
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Sycamore Township/Cincinnati-based March First Brewing recently announced its acquisition of Middletown, Ohio-headquartered FigLeaf Brewing Co. March First is under the March First Manufacturing, LLC umbrella, which also owns Sycamore Distilling (Sycamore Whiskeys, Voltage Vodkas and Cooper Island Rums). March First also dabbles in ciders and hard seltzers, the Craft Brewing Business reported on September 23.
FigLeaf Brewing is located at 3387 Cincinnati-Dayton Rd. and will be celebrating its third anniversary on October 12. The brewer is known for its popular Basmati Cream Ale and Blackberry Fizz offerings. FigLeaf currently distributes throughout 18 counties in southwest Ohio and the Miami Valley as well as six counties in northern Kentucky.
“We are thrilled to welcome the FigLeaf team, brand and product mix into our family. FigLeaf’s lineup is very complementary to the other March First brands and has a wonderful and loyal following extending well into Monroe, Middletown, Trenton, Greater Miami Valley and metropolitan Dayton markets,” company spokesperson Josh Engel said.
Founders Brian Yavorsky and Andy Allgeyer will continue their original mission to grow and expand the FigLeaf brand, taproom, distribution footprint and product lines.
“We are very excited about our future and feel like we are on a team that can help us accelerate the
...More info on site
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USA: Guinness US brewery launches its first new beer in several states ahead of national push
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Guinness’s U.S. brewery is finally bringing its first new beer to the masses this fall, the Fortune reported on September 26.
The brand’s Open Gate Brewery in Maryland is beginning to ship a new beer called Over The Moon Milk Stout in several states, including Virginia, New Jersey, and Delaware, ahead of a planned national push that will be completed by the end of November. The 5.3% ABV milk stout is the brewery’s first nationally sold beer since opening to the public a little over a year ago.
“This is the perfect beer to appeal to a traditional stout drinker because it’s still an approachable style,” says Hollie Stephenson, head brewer at Guinness Open Gate Brewery. “But [it’s] also a good one to recruit new drinkers who think that dark beer is just too heavy.”
Over the Moon was the third recipe the Guinness team brewed on the pilot system at Open Gate, and since debuting on the brewery’s taps, it has been a consistent top seller. “It was a no-brainer that it had a good shot of becoming our first Baltimore-born production,” says Stephenson, who joined Guinness two years ago to get the U.S. brewery up and running.
The milk stout is made
...More info on site
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USA, NY: Fidens Brewing Co. to open its doors in Colonie on September 28
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Three friends who grew up in Saranac and relocated to the Capital Region have spent the past year and a half developing a nanobrewery in an industrial park off Central Avenue in Colonie, the Albany Times Union reported on September 20.
Called Fidens Brewing Co., the brewery will have a small bar for its tasting room, but it will primarily be a place to fill growlers for the two to three rotating beers, mostly IPAs, that Fidens will have on tap each week.
The partners are Mike Carter, a financial adviser; Steve Parker, a gym teacher; and Tim Pierce, an accountant. Parker is the head brewer.
Carter said the co-owners have no outside investors, having used their own savings and borrowing to come up with the six-figure budget to build out the four-barrel brewery and tasting room. The Fidens name, he said, is from the Latin for courage or resoluteness, and he said it is reflective of the determination the partners felt to grow from homebrewers into a commercial venture that will make up to six rotating beers in the first few months, with more being rolled out in the future.
The opening day will be this Saturday, Sept. 28, with hours from
...More info on site
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USA, CT: Boondoggle Beers planning its first brewery in Rocky Hill
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The owners of Boondoggle Beers are planning to build their first brewery and tasting room along the Connecticut River in Rocky Hill, the Hartford Business reported on September 19.
Micah Kerr, who co-owns the Wethersfield-based beer distribution company with his wife, Sarah, said he set aside $400,000 to develop the brewery and taproom at 45 Evans Road.
But he still needs one or more partners to invest $100,000 or more to bring his vision of launching the town’s second brewery to life. Kerr also plans to crowdfund another $200,000 to $400,000.
“We really thought we would have the ability to roll with the upswell in the industry,” said Kerr, whose two-year-old company distributes 16 types of beer to 400 liquor stores and restaurants across Connecticut. “I'm trying to make something happen, but I need a business partner to work with me.”
Kerr, a Wethersfield native, presented his conceptual plans for the brewery last month to the town’s Planning and Zoning Commission, which would eventually need to authorize a zone change to allow for a brewery and taproom on-site. Boondoggle would also need to obtain certain approvals from the town’s building department, inland wetlands commission and a federal and state liquor license.
According to plans, Kerr
...More info on site
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USA, CO: Raices Brewing Co. to launch in Denver soon
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Two people who want to bridge a cultural divide and celebrate Latinos are opening a new brewery in Denver soon, CBS Denver reported on September 19.
“What we wanted to do with Raices was create a brand that Latinos here in the U.S. could connect to,” Jose Beteta said.
Beteta had been shopping around for a few years for a space for Raices Brewing Co. He finally found it at an old building on Colfax Avenue.
“As of 2018, there were only 40 Latino owned craft breweries in the country,” he said. That he says is out of over 7,000 craft breweries.
“I saw a huge discrepancy and an opportunity for us to do something about it.”
Raices means “roots” in Spanish, and Beteta and his team are now anchoring their roots in Denver’s Sun Valley community.
Beteta immigrated from Costa Rica, his partner Tamil Maldonado grew up in Puerto Rico and they both say beer serves as a cultural tie in Latino communities.
“So beer is very connected to communities, and to relationships, and to building that relationship, and celebrations, and sometimes when you have a bad day it also makes sense to actually drink a beer,” Maldonado explained.
The two, along with another partner who is
...More info on site
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USA, PA: Trouble’s End Brewing to take over former home of Appalachian Brewing Co.
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A new brewery with a Philly connection is coming to Collegeville. Trouble’s End Brewing will take over the former home of Appalachian Brewing Co. that shuttered last December, Inquirer.com reports.
The family-friendly Montco brewery, pub, and music venue at 50 West Third Avenue is a collaboration between Pistola’s veterans Dave and Nick Bellenzeni, Pistola’s co-owner Casey Parker, and brewer Zach Svoboda, most recently of Forest & Main in Ambler. Chef Kris Serviss, owner of Northeast Philly’s Culture on the Circle, will head up the kitchen.
The bar will feature 25 taps and an American menu. Expect a handful of Svoboda’s beers on offer as well as outside brews, cocktails (both boozy and zero-proof), and wine on draft. Parker will handle bookings for the venue.
Look for Trouble’s End to open its doors this fall.
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USA, FL: Ocean Sun Brewing to close its doors for good
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The sun has set on another Orlando brewery, the Orlando Weekly reported on September 23.
In a sign that Orlando may have reached market saturation, Ocean Sun Brewing announced that their very last Primrose Porters and Bumby Blonde Ales would be poured Saturday, Sept. 28.
Ocean Sun's closing comes on the heels of Red Cypress Brewery's closure in Winter Springs this past May.
"It's been an amazing three and a half years," said a post on Ocean Sun's Facebook page. "We hope to see you all this week so we can all share a few more pints, smiles and laughs."
No reason was given for the brewery's closure, but Hourglass Brewing opening just down the road in July may have had something to do with it.
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UK: Drinkers turn to low-alcohol and craft beer
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Lager sales have plummeted in the UK as drinkers turn to low-alcohol beer and craft ales, Mirror.co.uk reported on September 27.
Beck’s recorded a huge
...More info on site
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Asia: 232 craft breweries now open in South East Asia
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There are now 232 craft breweries operating in South East Asia, up from just six in 2010, the Australian Brews News reported on September
...More info on site
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Spain: Mahou San Miguel secures deal to produce and distribute AB InBev beers in Spain
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Mahou San Miguel has secured a deal to produce and distribute AB InBev beers such as Corona, Budweiser and Stella Artois in Spain as of January 2020, FoodBev.com reported on September 27.
Spain-based Mahou San Miguel said the long-term agreement, which excludes the Canary Islands, allows it to respond to increasing consumer demands for premium beers.
The full range of AB InBev brands that Mahou San Miguel will market includes: Leffe, Franziskaner, Cubanisto, Pacífico Clara, Negra Modelo, Modelo Especial, Hoegaarden, Jupiler, Corona, Budweiser and Stella Artois.
“The agreement with Mahou San Miguel in Spain comes at a very relevant moment for our business in the country, which is growing by double digits in the food channel, driven by global brands such as Corona and Budweiser,” said Benoit Bronckart, president of AB InBev South Europe.
“We are excited about the potential of this alliance, which will help us accelerate our performance in hospitality, bringing some of the world’s most beloved brands and exciting experiences to beer fans, customers and distributors.”
Peio Arbeloa, managing director of Mahou San Miguel Spain, added: “We are very satisfied with this agreement that, without a doubt, will allow us to provide even more value to our customers and Spanish consumers.
“We will
...More info on site
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France: France seeing mini-boom of new distilleries
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It takes a quick google search to uncover a pretty well-known fact in the whisky world; no one loves whisky more than the French,
...More info on site
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Ireland: Ireland continues to have EU’s second-highest excise tax on beer - report
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A Drinks Industry Group of Ireland report, Excise Tax Rates in Europe: How Ireland Compares in 2019, authored by Dublin City University economist Anthony Foley, shows that Irish consumers pay more tax on a pint than 26 EU members states, the Offaly Express reported on September 25.
The report which was launched ahead of DIGI’s ‘A No-Deal Brexit and Ireland’s Drinks and Hospitality Industry’ event, which took place on September 25, compares Ireland’s excise rates against 27 of their EU counterparts.
Ireland continues to have the second-highest overall excise tax on alcohol in the EU, the highest excise tax on wine, the second-highest on beer, and the third-highest on spirits.
Despite Ireland’s renown for the production of some of the world’s most popular drinks products, the Irish government levies a tax bill of €12 on a bottle of off-licence-bought Irish whiskey and 54 cents on a pint of Irish stout served at a pub, restaurant or hotel.
The Irish level of excise per pint of larger is €0.55, in comparison to 21 EU countries who have a beer excise per pint of larger of less than €0.20.
For spirits, the excise per half glass ranges from €0.69 in Finland and Sweden to €0.08 in Bulgaria,
...More info on site
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Brazil: Cassava beer conquers consumers in state of Maranhão
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Lourival dos Santos, who runs a small farm in the interior of Brazil’s northeastern state of Maranhão, clutches a bunch of cassava and smiles at the mention of a new beer. “Before, only me, my wife, and my son and daughter produced cassava. Today, with increasing demand, my son-in-law, nephew and cousin also work with us. And there are many other families in the same situation,” he said in an interview to the Financial Times.
The Communist party government in one of Brazil’s poorest states has joined forces with Ambev, the local subsidiary of international brewing company AB InBev, to launch Magnífica, a beer that is both affordable and sustainable. It is produced using solely local cassava, also known as manioc, from small farmers in this shoulder of South America.
“Magnífica was a very important and welcome opportunity that added other [reasons to grow] manioc and now we have a new product,” Mr dos Santos explains.
Magnífica has been a hit since its launch in Maranhão in December, says Mateus Viana, the manager at Ambev’s brewery on the outskirts of São Luís, the state capital. And it is clear that the combination of booming sales, cheap beer and stable income for farmers is
...More info on site
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