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Flash Summary
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E-Malt.com Flash 09b
February 27 - March 01, 2020
Quote of the Week
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George Bernard Shaw
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Currency Rates
Base Currency: Euro
on February 28, 2020 |
Base Currency: US Dollar
on February 28, 2020 |
| |
1 EUR = 1.0950 USD
1 EUR = 0.8488 GBP
1 EUR = 1.4618 CAD
1 EUR = 1.6666 AUD
1 EUR = 120.4700 JPY
1 EUR = 4.8853 BRL
1 EUR = 72.0410 RUB
1 EUR = 7.6806 CNY
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1 USD = 0.9132 EUR
1 USD = 0.7751 GBP
1 USD = 1.3350 CAD
1 USD = 1.5220 AUD
1 USD = 110.0200 JPY
1 USD = 4.4616 BRL
1 USD = 65.7930 RUB
1 USD = 7.0145 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| February 28, 2020 |
French Barley/Malt
Crop 2019
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
160.50-162.50 |  |
| 6RW Malting Barley (FOB Creil) |
160.00-162.00 |  0.62% |
| Feed Barley (FOB Creil) |
158.00-160.00 | 0.63% |
| 2RS Malt (FOB Antwerp) |
354.00-356.00 | |
| 6RW Malt (FOB Antwerp) |
353.50-355.50 | 0.35% |
French Barley/Malt
Crop 2020
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
172.50-174.50 | |
| 6RW Malting Barley (FOB Creil) |
171.00-173.00 | 0.58% |
| 2RS Malt (FOB Antwerp) |
366.50-368.50 | |
| 6RW Malt (FOB Antwerp) |
364.50-366.50 | 0.34% |
German Malting Barley
Crop 2019
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
170.00-172.00 | 0.20% |
Danish Malting Barley
Crop 2019
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,174.00-1,176.00 | |
| Malting Barley (West) |
1,214.00-1,216.00 | |
No change;
 Price increase;
Price decrease versus last publication.
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Click here to see our Market Prices History.
World: AB InBev forecasts 10% decline in Q1 profit as coronavirus outbreak hits sales during Chinese New Year
...Click here
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USA: Five people killed at Molson Coors facility in Milwaukee
...Click here
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Brazil: Ambev sees shares plummet after report of weaker operating profit in Q4
...Click here
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Japan: Future of Japan's big three brewers seen lying on foreign shores due to shrinking domestic market
...Click here
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Japan & Australia: Asahi offers to divest a number of cider and beer brands to have CUB deal approved by ACCC
...Click here
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South Korea: HiteJinro stepping up efforts to penetrate overseas markets
...Click here
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Nigeria: International Breweries assures shareholders of commitment to creating long-term value
...Click here
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Indonesia: Bali Hai Brewery invests in new canning line to meet growing demand for beer
...Click here
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India: Irish whiskey emerges as the fastest-growing spirit in India
...Click here
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India: AB InBev launches local wheat beers Veere and Machaa in Bengaluru
...Click here
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China: Qingdao city government removes president of Tsingtao Brewery
...Click here
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Taiwan: Taiwan’s microbrewery scene still very small but flourishing
...Click here
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USA: Some consumers avoiding Corona beer amid coronavirus outbreak
...Click here
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USA: Molson Coors launches Mexican beer Sol Chelada Limon y Sal in the US
...Click here
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Graph of the week
Table of the week
Africa Beer Production by Country 2015-2019s
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
27 February
1557 - 1st Russian Embassy opens in London, Russia and U.S. sign trade agreement
1990 - Exxon Corp and Exxon Shipping are indicted on 5 criminal counts
1998 - Apple discontinues developing Newton computer
28 February
1956 - Forrester issued a patent for computer core memory
1982 - American Telephone and Telegraph Co. looses record $7 BILLION for fiscal year ending on this day
1986 - European Economic Community sign "Special Act" for Europe free trade
29 February
1504 - Columbus uses a lunar eclipse to frighten hostile Jamaican Indians
1908 - Dutch scientists produce solid helium
1988 - As the junk-bond fueled takeover craze nears its peak, Wall Street has one of its biggest deal-days of all time
2012 - Tokyo Skytree construction completed. Now it is the tallest tower in the world, 634 meters high, and second tallest (man-made) structure on Earth, next to Burj Khalifa
01 March
1867 - Howard University chartered, Washington D.C
1927 - Bank of Italy becomes a National Bank
1947 - International Monetary Fund begins operation
Agenda
March 2020:
09 - 11: 107 Brewing and Engineering Conference 2020 (Leipzig, Germany)
11 - 12: BeerX 2020 (Liverpool, UK)
11 - 15: Festival Brasileiro da Cerveja 2020 (Blumenau, Brazil)
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)
24 - 26: Beviale Moscow 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)
16 - 18: Zurich Bier Festival 2020 (Zurich, Switzerland)
19 - 22: Craft Brewers Conference & BrewExpo America 2020 (San Antonio, Texas, USA)
24 - 06 July: Copa Cervezas de America 2020 (registration: 24 Apr-6 Jul) (Mar del Plata, Argentina)
25 - 26: Zythos Beer Festival 2020 (Leuven, Belgium)
May 2020:
01 - 02: Tallinn Craft Beer Weekend 2020 (Tallinn, Estonia)
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)
18 - 24: Budapest Beer Week 2020 (Budapest, Hungary)
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)
04 - 07: Wiener Bierfest 2020 (Vienna, Austria)
09 - 12: Aro Rojo International Beer Cup 2020 (Tampico, Mexico)
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:
02 - 05: Expo Trade, Brewers Conference & Mar del Plata Beer Week 2020 (Mar del Plata Argentina)
03 - 07: Mondial de la Biere Rio 2020 (Rio de Janeiro, Brazil)
05 - 05: Copa Cervezas de America 2020 (Award Ceremony) (Mar del Plata, Argentina)
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)
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Brewery News
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World: AB InBev forecasts 10% decline in Q1 profit as coronavirus outbreak hits sales during Chinese New Year
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The world’s largest brewer Anheuser-Busch InBev forecast a 10% decline in first-quarter profit on February 27 after the coronavirus outbreak hit beer sales during
...More info on site
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USA: Five people killed at Molson Coors facility in Milwaukee
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Five people were killed after a gunman opened fire at the Molson Coors brewing facility in Milwaukee, Wisconsin, on Wednesday, February 26, HuffPost reported.
The gunman, a 51-year-old male, died of an apparent self-inflicted gunshot wound, Milwaukee Police Chief Alfonso Morales said a news conference on February 26.
The gunman was an active employee at the company, Molson Coors CEO Gavin Hattersley said in a companywide email.
“This is a tragic day for our city, for our state,” Milwaukee Mayor Tom Barrett said at the news conference. “Six families are grieving and will be grieving because of this horrific act of this individual.”
Milwaukee police responded to a call of a shooting at the Molson Coors brewing facility at 2:08 p.m. Officers found the gunman dead, then located five other bodies.
All five of the victims were employees of Molson Coors, according to Morales. The names of victims were not being released until families could be notified.
The company sent an email to employees at 2:19 p.m., alerting them to an active shooter in or near the facility’s south packaging building, the Milwaukee Journal Sentinel and WISN-TV reported.
Wisconsin Lt. Gov. Mandela Barnes said that the Molson Coors shooting marked the “11th mass shooting in our
...More info on site
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Brazil: Ambev sees shares plummet after report of weaker operating profit in Q4
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Shares in Latin American beverage giant Ambev SA plummeted on February 27 after the firm reported weaker operating profit and flagged ongoing struggles in
...More info on site
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Japan: Future of Japan's big three brewers seen lying on foreign shores due to shrinking domestic market
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The town of Shimamoto, near Kyoto, is known as the site of a bloody 16th-century samurai battle and as a source of pure water
...More info on site
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Japan & Australia: Asahi offers to divest a number of cider and beer brands to have CUB deal approved by ACCC
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Asahi has told the ACCC it will divest a number of cider and beer brands if the A$16 billion CUB deal is allowed to
...More info on site
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South Korea: HiteJinro stepping up efforts to penetrate overseas markets
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HiteJinro Co., a South Korean producer of alcoholic beverages including soju and beer, is stepping up its efforts to penetrate overseas markets based on its strong sales performances in the Korean beer and soju market, BusinessKorea reported on February 26.
The company announced on Feb. 25 that its “Strawberry Soju” will be available at 4,600 Seven Eleven stores in the Philippines, Thailand and Singapore.
HiteJinro is selling soju products such as “Cham Iseul Soju” and “Grape Iseul Soju” through Southeast Asia's leading distribution channels. With “Strawberry Iseul Soju” selling at Seven Eleven stores, the company has finished putting Soju products in large retail distribution chains. Strawberry Iseul Soju will hit the shelves at about 2,400 stores in the Philippines, about 2,000 stores in Thailand and about 200 stores in Singapore by the end of February.
HiteJinro surpassed 2 trillion won in sales last year on the back of the popularity of “Terra” beer and “Jinro Is Back” soju and made a turnaround in seven years. The company accounted for about 60 percent of the soju market in Korea. Its share of the beer market was also estimated to have risen from 27 percent in 2018 to 33 percent in 2019.
Hite Jinro has been
...More info on site
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Nigeria: International Breweries assures shareholders of commitment to creating long-term value
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The board and management of International Breweries (IB) Plc have assured shareholders and other stakeholders that the company remains committed to creating long-term value for all stakeholders, The Nation Newspaper reported on February 24.
Directors of International Breweries at the weekend paid a courtesy visit to the Nigerian Stock Exchange (NSE) in commemoration of the conclusion and listing of the company’s N165 billion rights, reputed as the largest rights issue in Nigerian market.
International Breweries, a subsidiary of Anheuser-Busch InBev (AB InBev), had offered 18.27 billion ordinary shares of 50 kobo each to existing shareholders at N9 per share on the basis of 17 new ordinary shares of 50 kobo each for every eight ordinary shares held as at November 6, 2019. The rights issue was fully subscribed, injecting N165 billion into the company.
Finance Director, International Breweries Plc, Mr. Bruno Zambrano said the recapitalisation of the company through the rights issue has led to improvement in its operational and financial flexibility while significantly reducing financing cost.
He assured shareholders of the company’s commitment to creation of long-term value as rewards for their supports over the years.
According to him, the company will continue to explore every option to bring smiles to consumers and shareholders.
He
...More info on site
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Indonesia: Bali Hai Brewery invests in new canning line to meet growing demand for beer
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A growing market for beer has led Bali Hai Brewery Indonesia to install a new canning line, accommodating a higher production capacity while securing the quality of their premium beers, fnbnews.com reported on February 26.
Designed and supplied by Sidel, the line runs at up to 33,000 cans per hour for the 330ml format, twice as fast as the former one, and features a very compact layout, thus overcoming the Indonesian brewer’s space constraints.
As the country’s leading independent brewery, Bali Hai Brewery Indonesia has been developing and distributing a distinctive range of beer brands for the national and international markets since 1975.
“Currently our products are sold in more than twenty countries, including Russia, Singapore, Thailand, Japan, Korea and New Zealand, as well as different regions of Africa. While capturing the opportunities offered by a consumer demand that is continuously increasing, we are committed to maintaining the consistent taste and quality of our beers,” said Daniel To, technical director, Bali Hai.
With a domestic market share of 3.2 per cent in 2018, the family-owned company is the fourth largest domestic brewery and the first one behind global brands, offering a portfolio that speaks to the consumers’ increasing preference for local as well
...More info on site
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India: AB InBev launches local wheat beers Veere and Machaa in Bengaluru
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Anheuser Busch InBev (AB InBev), the world’s biggest brewer that sells Budweiser and Corona, announced on February 28 the launch of its local wheat beers - Veere and Machaa - in Bengaluru, ETRetail.com reported.
In October 2019, AB InBev set up an Indian unit, 7 Rivers Brewing Co, to introduce the two wheat beer variants in Mumbai and Pune.
Kartikeya Sharma, president - South Asia for AB InBev, said, “We are constantly looking at ways to enhance our existing portfolio of beers and the launch of Veere and Machaa is yet another step in that direction. We are delighted with the response from our consumers in Mumbai and Pune. We see a growing trend of specialty wheat beers across the top urban centers in the country.”
Both the variants are brewed at its Aurangabad brewery with homegrown ingredients. The craft style beer by AB Inbev is a locally made Belgian wheat beer made using wheat sourced from various parts of Punjab and Haryana. While Veere has notes of orange and coriander flavours, Machaa is a tropical beer with flavours of banana and cloves sourced from Tamil Nadu. At an ABV of lower than 5%, the variants are being retailed in both can
...More info on site
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China: Qingdao city government removes president of Tsingtao Brewery
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China’s Qingdao city government has removed the president of Tsingtao Brewery from his position, it said without giving a reason, Reuters reported on February 28.
The statement published on the Qingdao government’s website said the decision to remove Fan Wei was made on Feb. 26 and did not say if another position was lined up for him.
Tsingtao Brewery, one of China’s largest beer makers, is based in the coastal city of Qingdao.
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Taiwan: Taiwan’s microbrewery scene still very small but flourishing
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Anyone wandering into the trendy dive bars around Taipei would notice the variety of local craft beers adorning the menus. Visitors and locals alike are drawn to the colorful labels and diverse, regional flavors, The News Lens International reported on February 26.
Taiwan’s microbrewery scene flourished after a substantial series of alcohol deregulations in 2002 ended the government’s monopoly of beer production. The U.S. Foreign Agricultural Service estimated that Taiwan’s craft beer consumption, although small in the overall market share, has an annual growth of 20 percent. Although rising in popularity, Taiwan’s craft beers are still facing fierce competition from commercial brews, imported beers, wine, and spirits like whiskey.
“Craft beer is still very small in Taiwan. The craft beer consumption only makes up around 1 to 3 percent of the total beer market,” said Dr. Shu Wei Huang, urban sociology professor at the National Taiwan University (NTU).
Dr. Huang, who thinks beer tells a story about the society it is produced in, has been teaching workshops on craft beer production at NTU to promote the cultural importance of having local brews in an open society. The beer brewing process serves a multifaceted map of society, connecting its agricultural, transport, processing,
...More info on site
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USA: Some consumers avoiding Corona beer amid coronavirus outbreak
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Some American beer drinkers are avoiding Corona, the beer, amid the deadly coronavirus outbreak, according to a new survey, the New York Post reported on February 27.
A surprising 38 percent of beer drinkers insisted that they would not, under any circumstances, buy Corona as the deadly virus spreads across the globe, according to the survey conducted by 5W Public Relations.
“There is no question that Corona beer is suffering because of the coronavirus,” Ronn Torossian, founder of 5WPR, said in a statement.
There is no known connection between the beer and the virus — except for the name.
But Torossian explained how important the name was to the product’s branding.
“Could one imagine walking into a bar and saying, ‘Hey, can I have a Corona?’ or ‘Pass me a Corona,’” he said.
In fact, 14 percent of respondents who said they regularly consume Corona beer admitted in the survey they would not order the beverage in public.
There was also some confusion as 16 percent of those surveyed said they were not sure whether the virus is related to Corona beer.
“While the brand has claimed that consumers understand there’s no linkage between the virus and the beer company, this is a disaster for the Corona brand,”
...More info on site
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USA: Molson Coors launches Mexican beer Sol Chelada Limon y Sal in the US
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Molson Coors Beverage Co. has launched one of its best-selling beers in Mexico in the U.S., CSPDailyNews.com reported on February 24.
Sol Chelada Limon y Sal is a bright lager with natural lime flavor and a pinch of salt, according to the Chicago-based beverage company. The drink is the second spinoff from the Mexican import brand, which grew 42% in 2019 after the release of a Sol Chelada made with Sol beer, tomato, lime and spices, said Katie Feldman, senior marketing manager of North American imports for Molson Coors.
“We’re excited about building the Sol franchise, and we believe the chelada segment can help introduce more drinkers to the brand,” she said.
Sol Limon y Sal has 3.5% ABV and comes packaged in 24-ounce single cans.
Molson Coors is a global brewer with brands such as Coors Light, Coors Banquet, Miller Lite, Molson Canadian, Carling and Blue Moon Belgian White.
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Whisky News
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India: Irish whiskey emerges as the fastest-growing spirit in India
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Indians are slowly starting to develop a taste bud for whiskies that go beyond the traditional and affordable IMFL (India made foreign liquor) and the aspirational scotch, the Times of India reported on February 26.
Irish whiskey has emerged as the fastest-growing spirit in India, albeit from a very low base. The sales of these whiskies, dominated in India almost wholly by Pernod Ricard’s Jameson, is expected to rise to 50,000 cases (of 9 litres each) this year from just 5,000 in 2014, data from research firm IWSR show. That is a staggering CAGR (compound annual growth rate) of 60%, compared to 12% for scotch and 4% for traditional whiskies.
“The Irish Whiskey category has been growing steadily over the past few years in India like the rest of the world. It reflects the evolving palette amongst the younger drinking audience and their global exposure. People today want to experiment with what they are consuming and try newer brands and products,” said Sachin Mehta, country director of premium spirits company William Grant & Sons.
While scotch is double distilled and made entirely from malted barley, Irish whiskey is triple distilled and is more likely to be made of a combination
...More info on site
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