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E-Malt.com Newsletter 10b
March 05 - March 08, 2020
Quote of the Week
For a quart of ale is a dish for a king.
William Shakespeare
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Currency Rates
Base Currency: US Dollar
on March 06, 2020 |
Base Currency: Canadian Dollar
on March 06, 2020 |
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1 USD = 0.8948 EUR
1 USD = 0.7745 GBP
1 USD = 1.3405 CAD
1 USD = 1.5120 AUD
1 USD = 106.8700 JPY
1 USD = 4.6036 BRL
1 USD = 66.7139 RUB
1 USD = 6.9364 CNY
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1 CAD = 0.7459 USD
1 CAD = 0.5777 GBP
1 CAD = 0.6674 EUR
1 CAD = 1.1277 AUD
1 CAD = 79.7100 JPY
1 CAD = 3.4337 BRL
1 CAD = 49.7604 RUB
1 CAD = 5.1737 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, PA: Growing craft beer sector expected to drive new hop production in Pennsylvania
...Click here
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USA, SC: Local Motive Brewing Company moving to a new location
...Click here
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USA, AZ: Throne Brewing to acquire Freak’N Brewing Company’s facility and brewing equipment
...Click here
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Canada, NB: The Cap Brewery opens in downtown Fredericton
...Click here
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Canada, ON: Vegandale Brewery closes in Toronto, Duggans Brewery moving back into location
...Click here
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Russia: Beer import up 17.4% in 2019 but growth rate drops down
...Click here
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New Zealand: Sales of higher alcohol beer not showing any signs of flattening
...Click here
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India: Carlsberg investigating Indian unit for financial irregularities
...Click here
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Ireland & UK: Budweiser moving Irish production from Dublin home of Guinness to the UK
...Click here
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UK: BBPA calling for 2% cut in duty on beer in next week's Budget
...Click here
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New Zealand & China: New Zealand craft brewery to ship second container to China despite ongoing coronavirus concerns
...Click here
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Graph of the Week
Table of the Week
Barley and Wheat Usage by UK Maltsters, Brewers, and Distillers
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
05 March
1558 - Smoking tobacco introduced in Europe by Francisco Fernandes
1868 - Stapler patented in England by C. H. Gould
1924 - Computing-Tabulating-Recording Corp becomes IBM
06 March
1899 - "Asprin" patented by Felix Hoffmann
1926 - Alan Greenspan, future chairman of the Federal Reserve, is born in New York City
1959 - At a press conference in New York City, Texas Instruments executives demonstrate a new device invented by one of the company's top engineers, Jack S. Kilby - the "integrated circuit"
07 March
1876 - 1876 Alexander Graham Bell receives U.S. Patent for his "Improvement in Telegraphy"
1878 - The Toronto Stock Exchange is incorporated
1932 - Thousands of Ford Motor Co. workers stage a "Hunger March" to the immense River Rouge factory complex, protesting Henry Ford's decision to cut the company's minimum wage from $7 per day to $4 per day
08 March
1706 - Vienna's Wiener Stadtbank established
1927 - Pan American Airlines (World Airways) incorporates
1946 - 1st helicopter licensed for commercial use
1979 - Philips demonstrates the Compact Disc publicly for the first time
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)
News Articles
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USA, PA: Growing craft beer sector expected to drive new hop production in Pennsylvania
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The 350-plus craft breweries in Pennsylvania could use the hops from at least 1,000 acres of hop production in the state, while Pennsylvania farmers have just a bit more than 100 acres in the slanted poles used to grow the hop vines, pennlive.com reported.
“The number of hop farms in a state is related to the number of craft breweries,” explained Claudia Schmidt, assistant professor of agricultural economics. Her study “suggests that in areas where hop production is possible and not cost-prohibitive, breweries are expanding markets for farmers and providing an opportunity to diversify farm income.”
Hops are a key ingredient in beer production, providing aroma and bittering characteristics.
In the late 1800s New York was producing most of the U.S. hops, while there were significant hop yards – the industry name for the areas where hops are grown – in Pennsylvania. Increasing diseases and insect pest sent the eastern industry into decline. Prohibition in 1920 killed any remaining demand for hops in the east, where shipping to international markets was not as feasible.
From the mid-1900s to earlier this century, U.S. hop production in the U.S. occurred almost entirely in the Pacific Northwest states of Oregon, Washington and Idaho.
The growing craft brewery industry,
...More info on site
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USA, SC: Local Motive Brewing Company moving to a new location
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A brewery in downtown Florence is set to move to a new location, WMBF reported on March 5.
Billy McBride, owner of Local Motive Brewing Company, said the brewery will move from its downtown location on North Dargan Street to a 1,500-square-foot empty metal building on West Palmetto Street near Beltline Drive.
According to McBride, the brewery will now be near the city’s new soccer complex and area trails and parks. Managers wanted the business to be in a family-friendly environment.
“We will always support downtown Florence,” McBride said. “We are going back to our roots as garage brewers.”
The owner added he is optimistic the new location will be open and running by May, but could take longer as the county council goes through the permitting process.
McBride said staff began started moving out of the downtown location on Wednesday. All the brewing equipment is out.
Florence Mayor Stephen Wukela said the brewery was a part of the city’s downtown Crest Project. The owners received a $180,000 package to get the business up and running, he added.
Wukela said he hates to see Local Motive leave downtown Florence, but is excited the business is relocating to an area that offers a number of outdoor opportunities.
The mayor
...More info on site
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USA, AZ: Throne Brewing to acquire Freak’N Brewing Company’s facility and brewing equipment
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Freak’N Brewing Company is selling its facility and brewing equipment to Throne Brewing effective April 1, 2020, Brewbound reported on March 4.
Arizona craft brewery, Throne Brewing is purchasing the Freak’N Brewing facility operations and brewing equipment to expand the Throne Brewing production and add canning to their packaging options. The brew house and taproom operations will continue to operate under Throne.
The Freak’N facility is 3519 square feet containing a 20 bbl brewhouse consisting of a Mash Tun & Lauter Tun and a Kettle & Whirlpool in a 2-Vessel steam jacketed configuration. With this are seven fementors and two bright-tanks providing over 140 bbl of capacity for beer in production. A large walk-in cooler and a cozy taproom completes the suite located in the in the Olive Business Park.
Freak’N Brewing Company started brewing nearly 6 years ago and opened the taproom May 2014. Over the years, Freak’N produced a wide variety of beer flavors. The Freak’N Brew brand with the face logo is a favorite among West Valley Craft Beer aficionados. The Brand has many popular recipes such as, Raspberry Wheat, Dirty Double Blonde and the mischievous Faced IPA. Loyal Freak’N Beer fans enjoy the unique 3
...More info on site
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Canada, NB: The Cap Brewery opens in downtown Fredericton
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The Capital Complex, a multi-venue bar and entertainment facility in downtown Fredericton, has rebranded as The Cap and is adding several new features to its business, including a small batch brewery, the Canadian Beer News reported.
The first release from The Cap Brewery will be Collaborate & Listen Citra Pale Ale, a collaboration with Graystone Brewing, which will be available at all three Cap bars – The Capital Bar, The Phoenix, and Wilser’s Room – starting Friday March 6th. It will also be pouring that same day at the Fredericton Craft Beer Festival, where The Cap’s booth will be located next to Greystone’s.
In addition to the brewery addition, The Cap will also be extending the opening hours of The Capital Bar to start at 11:00 AM daily except for Mondays, and will be opening a new storefront to sell records and concert tickets starting March 14th.
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Canada, ON: Vegandale Brewery closes in Toronto, Duggans Brewery moving back into location
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A Toronto brewpub that opened in July 2018 with the motto “Morality On Tap” and an all-vegan beer and food line-up has closed, and will be replaced by the business that occupied the space previously, the Canadian Beer News reported.
Vegandale Brewery – which shared the name that ownership group The 5700 is using to refer to several vegan businesses it operates in the city’s Parkdale neighbourhood – was situated at 1346 Queen Street West, an address it had taken over from Duggan’s Brewery.
Duggan’s remained open as a brewery and bar/music venue in the basement of the building, with brewmaster Michael Duggan producing beers for Vegandale. The ground level spot also offered a menu of comfort food from Los Angeles vegan restaurant chain Doomie’s, as well as a vegan ice cream parlour called Not Your Mother.
With Vegandale Brewery now closed, Duggan’s has regained possession of the main floor restaurant, which will be reopening soon with a new food menu and an expanded retail beer store. In the meantime, the basement location of Duggan’s remains open on Wednesday to Saturday evenings.
Vegans and other fans of the Doomie’s food menu can find it being served across the street at the newly opened Bar
...More info on site
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Russia: Beer import up 17.4% in 2019 but growth rate drops down
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Russia’s beer import increased by 17.4% last year to 3,57 mln hl, Profibeer reported on March 5 citing Rosstat data.
The growth rate dropped down,
...More info on site
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New Zealand: Sales of higher alcohol beer not showing any signs of flattening
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Sales of higher alcohol beer are showing no signs of flattening, if the strength of continued growth in the craft beer market is anything
...More info on site
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India: Carlsberg investigating Indian unit for financial irregularities
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Carlsberg is investigating its Indian unit for financial irregularities, including incorrect payments, embezzlement and kickbacks from customers. The company said the probe followed accusations made by its local partner, with which it’s “engaged in a very difficult commercial conflict”, the Economic Times reported.
The maker of Tuborg beer has launched an internal audit of all processes related to permits and licences, and has reopened previously closed investigations, regulatory filings show. The audit is being conducted under the supervision of Carlsberg Group’s global integrity committee.
Carlsberg said conflict with the JV partner was at the heart of the matter. It entered India in 2006 by incorporating South Asia Breweries, a JV with Nepal-based Khetan Group.
“We have, for some time, been engaged in a very difficult commercial conflict with our Indian JV partner about the repayment of a $43 million loan he owes us and his wish to sell his stake in the business early at an unreasonably high price,” Steve JH Deng, corporate affairs director, Carlsberg Asia, told ET.
“As the commercial conflict intensifies, our partner and his representatives on the Carlsberg India board have decided to circumvent appropriate governance structures and share a series of wide-ranging accusations at all possible opportunities, including in
...More info on site
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Ireland & UK: Budweiser moving Irish production from Dublin home of Guinness to the UK
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Budweiser is moving Irish production from the Dublin home of Guinness to the UK as part of a distribution deal with Bulmers cider maker C&C, Independent.ie reported on March 5.
C&C said it was acquiring rights to market the Budweiser Brewing Group's two key assets in Ireland - Budweiser and Bud Light - from Guinness parent Diageo. Terms were not disclosed but the deal becomes effective on July 1.
At that time C&C will begin distributing Bud and Bud Light across Ireland. Production of the brands will cease at St James's Gate brewery in Dublin.
Budweiser said production for the Irish market will be transferred to two breweries in Magor, south Wales, and Samlesbury, Lancashire, in England. Both facilities are operated by Bud's parent, Anheuser-Busch InBev, and already brew Bud and Bud Light for the British market.
C&C said its facility in Clonmel, Co Tipperary - where it chiefly makes Bulmers cider - would be responsible for kegging Bud imported from the UK.
Budweiser said most, if not all, would come from the Welsh brewery.
The jobs impact at Diageo and C&C was not immediately clear.
C&C said the Clonmel kegging activity may require no extra staffing.
Diageo said it did not anticipate job losses in Dublin, as
...More info on site
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World: Carlsberg issues 10-year EUR notes
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Carlsberg Breweries A/S on March 4 successfully placed 10-year EUR notes for a principal amount of EUR 500m with a coupon of 0.625%, Yahoo Finance reported.
The notes have been issued under the company’s Euro Medium Term Notes (EMTN) programme and will be listed on the Luxembourg Stock Exchange.
The proceeds of the offering will be used for general corporate purposes.
Société Générale, Nordea and UniCredit acted as Active Bookrunners.
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UK: BBPA calling for 2% cut in duty on beer in next week's Budget
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The possibility of an automatic rise in alcohol duty in next week’s Budget has sparked warnings over the impact of price increases from industry trade bodies in the UK, bighospitality.co.uk reported on March 4.
Chancellor Rishi Sunak will set out the Government's spending plans in his first Budget on 11 March.
Under current policy all alcohol duties are set to rise in line with RPI Inflation, currently forecast at 2.8%.
This would add approximately 6p to the cost of a 750ml bottle of still wine and 8p to the cost of 750ml bottles of sparkling or fortified wines, according to the Wine and Spirits Trade Association (WSTA).
A 70cl bottle of 37.5% vodka would rise 21p, while a 70cl bottle of 40% gin would rise 23p.
It is not clear when any duty changes could come in to force, but the WSTA warns it could be immediate.
Tax on beer, cider and spirits was frozen in 2019 following Philip Hammond’s final 2018 Budget.
Wine, which continued to rise in line with inflation, has seen a 12% increase in duty since 2014.
Restaurateurs say this had led to a fall in wine sales, and in January a group including Corbin & King CEO Jeremy King
...More info on site
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New Zealand & China: New Zealand craft brewery to ship second container to China despite ongoing coronavirus concerns
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A Christchurch, New Zealand craft beer company is getting ready to ship its second container of beer to China despite ongoing concerns over the coronavirus, Stuff.co.nz reported on March 5.
Alisdair Cassels, director of Cassels Brewery Company, said the company saw a future in the Chinese craft beer market even amid the current climate of uncertainty.
"We asked our agent over there if we should keep sending the beer or redirect it to England but he said yes, that this would be just a two month thing," Cassels said.
"Life will keep moving forward."
The beer, which was awarded the 2019 World Beer Awards World's Best Milk Stout, costs about 10 times the price of normal beer in China and was targeted at the higher end of the market, Cassels said.
"Globally, the craft beer makes up around 10 per cent of the market, in China it's just 1 per cent," Cassels said.
"There is huge potential for growth."
It took the company 18 months to crack into the Chinese market and the first container was shipped last month.
A third container of beer would leave for China at the end of March.
Each 40-foot container had NZ$100,000 worth of beer, marking a significant investment for the company,
...More info on site
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