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E-Malt.com Newsletter 02a
January 06 - January 08, 2020
Quote of the Week
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Walt Whitman
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Currency Rates
Base Currency: US Dollar
on January 08, 2020 |
Base Currency: Canadian Dollar
on January 08, 2020 |
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1 USD = 0.8953 EUR
1 USD = 0.7607 GBP
1 USD = 1.2986 CAD
1 USD = 1.4509 AUD
1 USD = 108.4500 JPY
1 USD = 4.0658 BRL
1 USD = 61.8637 RUB
1 USD = 6.9474 CNY
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1 CAD = 0.7700 USD
1 CAD = 0.5857 GBP
1 CAD = 0.6893 EUR
1 CAD = 1.1171 AUD
1 CAD = 83.5000 JPY
1 CAD = 3.1305 BRL
1 CAD = 47.6323 RUB
1 CAD = 5.3492 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Beer volumes down by 3% through November 2019
...Click here
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USA: Constellation Brands profit and sales top analysts’ estimates
...Click here
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USA: Molson Coors to cease production at Irwindale, California facility, gives option to Pabst Brewing to purchase it
...Click here
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USA, WA: Brick West Brewing Company finally opens in Spokane
...Click here
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USA, VA: Octonia Stone Brew Works launches in high-profile spot in Ruckersville
...Click here
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Canada, BC: Dog Mountain Brewing opens its doors in downtown Port Alberni
...Click here
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USA, CO: Westbound & Down Brewing planning second brewery in Lafayette
...Click here
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USA, NY: Bright Eye Beer Company approved by State Liquor Authority
...Click here
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USA, MN: Lake Superior Brewing closes down and is listed for sale
...Click here
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USA, AZ: Mother Bunch Brewing closes down in Phoenix
...Click here
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India: United Breweries forced to cut down on production in Andhra Pradesh
...Click here
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UK: UK brewer Marston's charged too much for beer – report
...Click here
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Graph of the Week
Table of the Week
Australia Hop Area and Production
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
06 January
1978 - 1st postage stamp copyrighted by US (Carl Sandburg stamp)
1994 - Dow-Jones hits record 3803.88
07 January
1714 - Typewriter patented by Englishman Henry Mill (built years later)
1782 - 1st US commercial bank, Bank of North America, opens in Philadelphia
1995 - Murray Newton Rothbard economist, dies of cardiac arrest at 69
08 January
1675 - 1st American commercial corporation chartered (New York Fishing Co)
1889 - Dr Herman Hollerith receives 1st US patent for a tabulating machine (1st Computer)
1964 - European Parliament accept Mansholt Plan
Agenda
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: 107 Brewing and Engineering Conference 2020 (Leipzig, Germany)
11 - 15: Festival Brasileiro da Cerveja 2020 (Blumenau, Brazil)
11 - 12: BeerX 2020 (Liverpool, UK)
13 - 15: Barcelona Beer Festival 2020 (Barcelona, Spain)
16 - 20: IBD Asia Pacific Convention 2020 (Perth, Australia)
19 - 21: Korea International Beer Expo 2020 (Seoul, South Korea)
24 - 26: Modern Brewing Technologies 2020 (Moscow, Russia)
April 2020:
01 - 02: Expo Antad & Alimentaria Mexico 2020 (Expo Guadalajara, Mexico)
03 - 04: Helsinki Beer Festival 2020 (Helsinki, Finland)
05 - 08: 14th International Trends in Brewing "Beer & Society" 2020 (Leuven, Belgium)
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)
14 - 16: Copenhagen Beer Festival 2020 (Copenhagen, Denmark)
15 - 17: Mondial de la Biere - Paris 2020 (Paris, France)
19 - 21: Beer 2020 (Sochi, Russia)
21 - 24: Mondial de la Biere 2020 (Montreal, Canada)
22 - 30: Latvia Beer Festival 2020 (Riga, Latvia)
25 - 27: Africa Brewing Conference 2020 (Maputo, Mozambique)
June 2020:
03 - 04: The Brewers of Europe Forum 2020 (Antwerp, Belgium)
04 - 07: Mondial de la Biere - Sao Paulo 2020 (Sao Paulo, Brazil)
July 2020:
01 - 02: Craft Drinks India 2020 (Bangalore, India)
29 - 31: Beviale Mexico 2020 (Guadalajara, Mexico)
August 2020:
01 - 04: World Brewing Congress 2020 (Minneapolis, USA)
07 - 08: Beervana 2020 (Wellington, New Zealand)
13 - 15: VIETFOOD & BEVERAGE - VIETNAM 2020 (Ho Chi Minh City, Vietnam)
September 2020:
03 - 07: Mondial de la Biere Rio 2020 (Rio de Janeiro, Brazil)
14 - 25: Craft Brewing in Practice 2020 (Berlin, Germany)
19 - 04 October: Oktoberfest 2020 (Munich, Germany)
21 - 23: 11th Ibero-American VLB Symposium 2020 (Barcelona, Spain)
October 2020:
13 - 16: China Brew & China Beverage (CBB) 2020 (Shanghai, China)
29 - 30: Sea Brew 2020 (Taipei, Taiwan)
November 2020:
10 - 12: Brau Beviale 2020 (Nuremberg, Germany)
25 - 27: Drink Japan 2020 (Tokyo, Japan)
December 2020:
09 - 11: Drink Technology India 2020 (Mumbai, India)
News Articles
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Canada: Beer volumes down by 3% through November 2019
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Smoke more, drink less.
That appeared to be the trend among Canadians in the first full year of legal cannabis, when beer volumes fell by 3 per cent through November, according to data from Beer Canada, the Financial Post reported on January 7.
“This is far worse than the trends seen between 2014-2018, where beer industry volumes fell an average 0.3 per cent,” and appears to be related to Canada’s legalization of pot in late 2018, said Cowen analyst Vivien Azer.
Domestic beer volumes slid 3.9 per cent through November, while imported beer volumes grew 1.4 per cent. Cannabis consumers appear to prefer mainstream beer “as they pursue better ‘buzz for your buck,”‘ Azer said in a note published on January 7.
There’s some debate about how much impact marijuana legalization has on alcohol consumption, although surveys of pot users indicate that they tend to drink less when they’re high. Declining sales have led to several alcohol-cannabis partnerships, including Constellation Brands Inc.’s investment in Canopy Growth Corp., Anheuser-Busch InBev NV’s joint venture with Tilray Inc. and Molson Coors Brewing Co.’s partnership with Hexo Corp.
To be sure, the Canadian cannabis market is still tiny. Annual sales based on the most recent monthly data would be
...More info on site
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USA: Constellation Brands profit and sales top analysts’ estimates
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Constellation Brands Inc. rose the most in six months after posting profit and sales last quarter that topped analysts’ estimates and raising its full year earnings forecast, Bloomberg reported on January 8.
Comparable earnings of $2.14 a share in the third quarter was well above the $1.84 average of estimates, amid growth from its beer brands Modelo Especial and Corona. Comparable profit for the full year will be $9.45 to $9.55 a share, up from a previous forecast for as much as $9.20.
Constellation has been leaning heavily on its beer business, where it’s aggressively advertising the Modelo Mexican import brand to boost sales. The brewer also is creating new items under the Corona brand in the popular hard seltzer category, with a 90-calorie drink planned to launch this year.
Executives said on January 8 that they are actively looking to divest more wine and spirits brands, which have lagged behind the growth at Modelo and Corona. The company has already sold parts of the unit to E. & J. Gallo Winery and said on a conference call that Gallo will buy its New Zealand wine label Nobilo, with the deal closing next fiscal year.
Constellation has also been working on reshaping its portfolio
...More info on site
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USA: Molson Coors to cease production at Irwindale, California facility, gives option to Pabst Brewing to purchase it
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Molson Coors Beverage Company announced plans to cease production at its facility in Irwindale, California, by September 2020, Brewbound reported on January 6.
The second largest U.S. beer manufacturer also announced an agreement with Pabst Brewing Co., giving the Los Angeles-headquartered beer company the option to purchase the Irwindale facility for $150 million.
“This move will allow us to optimize our brewery footprint while streamlining our operations for greater efficiency across the network,” Molson Coors chief integrated supply chain officer Brian Erhardt said in a press release. “While it was a very difficult decision, we have extra capacity in our system and Irwindale’s production can be absorbed by other breweries in our network.”
The 40-year-old Irwindale facility employs about 470 workers and produced 4.8 million barrels of product last year — including Miller Lite, Coors Light, Miller High Life, Miller Genuine Draft, Steel Reserve, and Miller 64, among others — which was shipped to 261 independently owned wholesalers.
Molson Coors will begin moving production from Irwindale to its facilities in Golden, Colorado, and Fort Worth, Texas, over the next nine months.
As for Molson Coors’ arrangement with Pabst, the maker of Pabst Blue Ribbon will have 120 days after receiving notice from Molson Coors of
...More info on site
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USA, WA: Brick West Brewing Company finally opens in Spokane
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Brick West Brewing Company has finally opened its doors, KXLY Spokane reported on January 5.
It is a new addition to Spokane’s West End, moving into a previously boarded-up building constructed in 1905, located at 1318 W. First Ave. In its place is a fifteen-barrel brewery, tap room and beer garden.
Their final hurdle was getting a liquor license, but like all of the other challenges Brick West faced preparing to open, they got that one squared away, too.
Their hours are currently 11 a.m.-11 p.m. daily.
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USA, VA: Octonia Stone Brew Works launches in high-profile spot in Ruckersville
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Greene County’s only brewery is up and running, and at a high-profile spot in Ruckersville, WVIR reported on January 1.
Octonia Stone Brew Works opened on Saturday, December 28, making it the only place to get a craft beer in the county. A lot of people say it’s about time they can get quality beers without having to take a drive.
"I've lived in Greene County for several years, going down to Charlottesville you've got places that have some good beers on tap, but something that's local right here in your backyard and you get flights," said taproom manager Ashley Martin.
Brewmaster and owner Jeff Hittinger says he’s wanted to have a brewery since college, but it didn’t happen until he realized how short life really is.
“My grandfather passed away about two years ago and realized that time is kind of fleeing and you stand and evaluate your life and go ‘what can I do?’" Hittinger said.
Octonia Stone Brew Works sits on the corner of Route 29 and Route 33 - a prime location for the community. One thing about the brewery that stands out is its historical name. The stone is a landmark in the county.
"It was in 1722 was part of
...More info on site
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Canada, BC: Dog Mountain Brewing opens its doors in downtown Port Alberni
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A new brewery on Vancouver Island came in just under the wire to be the final brewery opening of 2019 in British Columbia, the Canadian Beer News reported on January 2.
Dog Mountain Brewing opened the doors to its taproom in downtown Port Alberni on December 28th, with three beers on offer from owner and brewer Robin Miles – including Lit Wit (5.5% abv), Mad Mike’s Recession Proof IPA (7.1% abv), and White IPA (4.7% abv) – as well as a selection of guest taps from other B.C. breweries. A limited food menu is also available, with more options to be added soon.
Dog Mountain Brewing is located at 3141 3rd Ave. in Port Alberni, and is open from 11:00 AM daily, until 9:00 PM on Sunday to Wednesday, 10:00 PM on Thursday, and 11:00 PM on Friday and Saturday.
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USA, CO: Westbound & Down Brewing planning second brewery in Lafayette
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On the heels of its win as the Midsize Brewpub of the Year at the 2019 Great American Beer Festival, Westbound & Down Brewing is making big plans for 2020 and beyond, Westword reported on January 2.
First, the Idaho Springs brewery and restaurant will add a “general store” concept next door, selling “things that will fuel you up on your way to the slopes,” says Westbound head brewer and partner Jake Gardner. That includes breakfast burritos, baked goods, Sweet Bloom coffee to drink, and to-go and brewery merchandise. “We are super-stoked on this partnership with Sweet Bloom,” Gardner adds.
And since the brewery just began packaging three of its beers — Double IPA, Colorado Pale Ale and Chicago Peaks Kolsch — the 900-square-foot spot will also sell cans; additionally, it will serve as an overflow bar on busy days where people can get in and out more quickly or get a Crowler of beer to go.
But the brewery also has another major project in the works in the already beer-heavy Boulder County town of Lafayette. That’s where its owners have purchased about 2.5 acres of land next to Stem Ciders, where they plan to build a twenty-barrel production brewery, restaurant and
...More info on site
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USA, NY: Bright Eye Beer Company approved by State Liquor Authority
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The owners of the Bright Eye Beer Company recently received a holiday gift when they were approved by the State Liquor Authority for micro and farm brewer licenses — the last approvals they needed to open their highly anticipated brewery in the heart of Long Beach, liherald.com reported on January 1.
In September 2018, the city’s Zoning Board of Appeals voted unanimously to approve an off-street parking variance for Point Lookout Brewing Company LLC, which owns Bright Eye, for a full-service bar with beer and cabaret at 50 W. Park Ave., a 5,000-square-foot space that was previously home to Long Beach Craft & Variety.
Luke Heneghan, along with his sister Keira and business partner Molly Allare, who co-own the brewery, have worked for more than a year to transform the variety store, which closed in September 2016. Heneghan said the new space features a brewery with 15 stainless steel barrels, a large taproom with 16 taps, refrigerators for wine and soft drinks, and five restrooms on the ground floor.
Heneghan said that he is confident the brewery will open in February, though he did not have an exact date. “Now that we got ago on [the licenses], it’s just about getting these tanks
...More info on site
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USA, MN: Lake Superior Brewing closes down and is listed for sale
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Minnesota’s oldest craft brewery is closed and on the market, KBJR 6 reported on January 3.
Lake Superior Brewing, located in Duluth’s Lincoln Park neighborhood, is listed for sale by Minneapolis-based commercial real estate agency, Calhoun Companies.
The website listing, which doesn’t specifically name the brewery, includes a sale price of just over $1.1 mln for an “established brewery and taproom”.
The brewery’s social media accounts have been mostly silent since early December.
Calls to Lake Superior Brewing have gone unanswered and as of Friday, the outside door to the taproom and brewery remain locked.
As of publishing, the former owners had not responded to requests for comment.
When reached via email in early December, the Minnesota Alcohol and Gambling Enforcement Division told KBJR-TV it was working to renew the brewery’s liquor license “as it has expired”.
Lars Kuehnow and Lisa Blade purchased the 25-year-old brewery from its original owners in October 2017.
Under the new owners, the brewery expanded distribution of its microbrews to several new markets and rolled out canned beer.
The brewery, established in 1994, is known for beers like Kayak Kolsch and has won numerous awards.
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USA, AZ: Mother Bunch Brewing closes down in Phoenix
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Mother Bunch Brewing in downtown Phoenix has closed, ABC15 Arizona reported on January, 6.
Julie Meeker and Jimmie McBride opened the brewery near 7th Street and Garfield Street in September 2014. The closure was announced in a Facebook post on January 4.
"It is with deep sadness, but also with deep gratitude, that I must announce the closing of Mother Bunch Brewing. I’ve taken stock and looked at this from every angle over the last few months and I had to come to the hardest decision in my life," the statement said. "I want to personally thank all of our great staff and especially all of the wonderful and amazing people I have had the chance to meet over the last five years. I will never regret this opportunity to share my love of craft beer and spread the story of women in brewing."
News of the closure was met with nearly 200 comments from people lamenting the news and expressing well wishes to the owners.
It is the latest in a string of closures in downtown that have been announced one week into 2020.
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Germany: Beer sales down 2.5% in January-November
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Last summer’s hot weather would make one think beer sales would improve in Germany, but volumes dropped by record 11.4% in August – the
...More info on site
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India: United Breweries forced to cut down on production in Andhra Pradesh
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The Andhra Pradesh Government’s new liquor policy has dealt a blow to United Breweries Holdings Limited, which has drastically cut down on production at its unit located at Bantupalli village in Srikakulam district ever since the new regulations came into force, The Hindu reported on January 5.
Sources said that the Excise Department of the State Government, which has taken over running of liquor shops across the State, has stopped purchase and sale of several popular brands of liquor sold by United Breweries, including beer. The company, which earlier used to produce around 11 lakh bottles per month, is now producing only one lakh bottles. The company is unable to export beverages from Srikakulam district as it has its own units both in neighbouring Telangana and Odisha.
It is learnt that the company has laid off 600 employees due to the huge drop in production at the Bantupalli unit.
CITU and other trade unions staged protests demanding the continuation of the workers’ services. “The State Government should do justice to all the employees and workers as they have lost their livelihood due to the new liquor policy. The company should also take initiatives to overcome its hurdles as thousands of people are directly
...More info on site
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UK: UK brewer Marston's charged too much for beer – report
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Marston’s Plc charged too much for beer and rent, and resisted calls to compensate tenants, the Times reported, citing a finding from a government adjudicator.
The U.K.’s pubs code body found that the company had broken industry rules and was “significantly deficient” in its treatment of a tenant, according to the newspaper. Marston’s charges for a cask of beer rather than the number of pints that can be sold from it, meaning pubs often lose out on a few pints of beer at the bottom of a barrel. Rents for tenants are calculated from sales forecasts assuming a full barrel is sold.
Marston’s told the Times that the findings will have “no consequence across the industry.” Dave Mountford of the Pubs Advisory Service told the newspaper that the ruling could lead to compensation for the “thousands of pounds of rent” that some tenants have been wrongfully charged.
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