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E-Malt.com Newsletter 13b
March 26 - March 29, 2020
Quote of the Week
Without question, the greatest invention in the history of mankind is beer. Oh, I grant you that the wheel was also a fine invention, but the wheel does not go nearly as well with pizza.
Dave Barry
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Currency Rates
Base Currency: US Dollar
on March 27, 2020 |
Base Currency: Canadian Dollar
on March 27, 2020 |
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1 USD = 0.9117 EUR
1 USD = 0.8335 GBP
1 USD = 1.4142 CAD
1 USD = 1.6694 AUD
1 USD = 109.9800 JPY
1 USD = 5.0219 BRL
1 USD = 77.9137 RUB
1 USD = 7.0867 CNY
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1 CAD = 0.7069 USD
1 CAD = 0.5892 GBP
1 CAD = 0.6445 EUR
1 CAD = 1.1801 AUD
1 CAD = 77.7500 JPY
1 CAD = 3.5502 BRL
1 CAD = 55.0797 RUB
1 CAD = 5.0098 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Molson Coors withdraws financial outlook for 2020, announces initiatives aimed at protecting and supporting employees amid Covid-19 crisis
...Click here
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Mexico: Constellation Brands ready to hold talks with President on vote against its brewery in Mexicali
...Click here
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Canada: Molson Coors workers at St. John’s brewery ramping up production but know it could end any day
...Click here
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USA, NJ: 902 Brewing Company produces first batch of beer in Jersey City
...Click here
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USA, CT: Hanging Hills Brewing Company announces permanent closure due to COVID-19 outbreak
...Click here
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World: Heineken successfully places EUR600 mln of 5-year notes and EUR800 mln of 10-year notes
...Click here
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The Czech Republic: Czech brewers stop refilling kegs, turn to bottles and cans
...Click here
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India: United Spirits shuts down manufacturing units amid coronavirus lockdown
...Click here
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Malaysia: Heineken Malaysia suspends operations of its Petaling Jaya brewery
...Click here
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Australia: Craft brewers band together to keep afloat
...Click here
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Graph of the Week
Table of the Week
US Beer Sales, Import, and Export 2013 - 2019
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
26 March
1780 - The British Gazette and Sunday Monitor was published for the first time. It was the first Sunday newspaper in Britain
1885 - Eastman Kodak (Eastman Dry Plate and Film Co.) produced the first commercial motion picture film in Rochster, NY
1996 - The International Monetary Fund approved a $10.2 billion loan for Russia to help the country transform its economy
27 March
1855 - Abraham Gesner patents kerosene
1999 - The macro virus "Melissa" was reported for the first
28 March
1797 - Nathaniel Briggs of NH patents a washing machine
1841 - 1st U.S. steam fire engine tested, New York City
1866 - 1st ambulance goes into service
29 March
1886 - Chemist John Pemberton begins to advertise for Coca-Coke
1888 - James E. Casey is born, founder of United Parcel Service
1918 - Sam Moore Walton, future founder of Wal-Mart, is born in Kingfisher, Okla
Agenda
April 2020:
01 - 02: Expo Antad & Alimentaria Mexico 2020 (Expo Guadalajara, Mexico)
24 - 06 July: Copa Cervezas de America 2020 (registration: 24 Apr-6 Jul) (Mar del Plata, Argentina)
May 2020:
01 - 02: Tallinn Craft Beer Weekend 2020 (Tallinn, Estonia)
05 - 07: International Beer Strategies Conference 2020 (Munich, Germany)
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)
01 - 03: Craft Beer China 2020 (Shanghai, China)
29 - 31: Beviale Mexico 2020 (Guadalajara, Mexico)
30 - 01 August: Korea International Beer Expo 2020 (Seoul, South Korea)
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:
01 - 03: Modern Brewing Technologies 2020 (Moscow, Russia)
02 - 04: Beviale Moscow 2020 (Moscow, Russia)
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)
03 - 05: Zurich Bier Festival 2020 (Zurich, Switzerland)
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: Molson Coors withdraws financial outlook for 2020, announces initiatives aimed at protecting and supporting employees amid Covid-19 crisis
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Molson Coors Beverage Company on March 27 announced several initiatives aimed at protecting and supporting employees – including requiring employees to work from home if they are able, creating a new voluntary paid leave program, thank you pay incentive and paid leave policy, and implementing additional measures to protect its employees who are still working on site.
The company is also announcing that it is withdrawing, in its entirety, its financial outlook for 2020 and beyond that was previously provided on February 12, 2020 due to uncertainty regarding the impact of the COVID-19 pandemic.
Molson Coors president and chief executive officer Gavin Hattersley said, "These are challenging times for the world and our company, and our priority is to ensure the safety of our people and the stability of our business. I’m proud of how resilient our people have been during this time, including the people who brew, package and ship our quality beers and keep our breweries and business running. I can’t thank them enough. I am also proud of how our teams are stepping up to take care of our communities who need our help more than ever."
Over the past weeks the company rolled out additional actions to help
...More info on site
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Mexico: Constellation Brands ready to hold talks with President on vote against its brewery in Mexicali
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A day after the federal government announced that it would halt Constellation Brands’ US $1.4-billion Mexicali brewery, the United States beverage company said on March 24 that it is ready to hold talks with President López Obrador, the Mexico News Daily reported.
The company said in a statement that it had “listened carefully” to the statements of Deputy Interior Minister Diana Álvarez – who announced on March 23 that 76.1% of people who voted in a public consultation on the brewery last weekend opposed it – and López Obrador “with respect to our project in Mexicali, Baja California.”
“We’ve taken note of their messages and we are ready to enter into the necessary talks with President López Obrador and his cabinet to work closely on a plan of action that considers the large current and future challenges that Mexico faces in an economic and social sense,” Constellation said.
In a separate statement posted to the company’s website, Constellation President and CEO Bill Newlands said that the company “will continue working with local authorities, government officials and members of the community on next steps related to our brewery construction project in Mexicali and options elsewhere in Mexico.”
“In the meantime, it’s important to note that
...More info on site
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Canada: Molson Coors workers at St. John’s brewery ramping up production but know it could end any day
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Employees at the Molson Coors brewery in St. John's, Newfoundland are ramping up at a time when everyone else is ramping down, but they know it could end any day, CBC reported on March 25.
Greg Pretty, a union rep for the brewery workers, said they have concerns about safety but appreciate the extra steps being taken while they prepare inventory for what would normally be the Victoria Day weekend and start of summer.
The increase in production has nothing to do with people staying home from work across the province.
"Sunshine drives beer. I'm not really sure a pandemic does," Pretty said.
The work is split into two shifts, totalling 55 workers. The building is laid out in a way that people are not working side-by-side, Pretty said, so spreading through person-to-person contact is not a big concern, and the surfaces are sanitized every hour to try to avoid the spread of COVID-19 if it does make its way into the facility.
Pretty said the situation is being assessed every day, and they know it all could come to an end at any moment.
"People are concerned whether or not they'll have a job in the very near future but right now production continues at
...More info on site
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Canada, BC: Jackknife Brewing launches in Kelowna
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After months of hard work, there aren’t many better feelings than opening your business to the public for the first time.
In Kelowna, a number of brewery owners have been able to enjoy that feeling over the last two or three years, as the craft brewery scene has blown up in the Central Okanagan.
Unfortunately, the city’s latest brewery is opening at a time where they won’t be able to have your typical grand opening celebration and flood of traffic over its first few days, KelownaNow reported on March 24.
Jackknife Brewing announced on social media on March 23 that they’ve “finally reached the finish line! Beer is being canned and the oven is hot!”
“We’ve somehow managed to open in the exact worst time for any new business, but we’re going to power through!”
Starting on Wednesday, March 2 5Jackknife will be serving takeout pizza from noon until 7 pm from five days a week, as they’ll be closed on Mondays and Tuesdays.
The brewery will offer a cheese pizza, a pair of meat pizzas and a vegetarian pizza that can also be made with vegan cheese as well.
You won’t have to wait long to try Jackknife beer either, as the brewery says it’ll be
...More info on site
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USA, NJ: 902 Brewing Company produces first batch of beer in Jersey City
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While it’s undeniably a tough environment for small businesses right now, a few Jersey boys who have long dreamt of opening their own brewery shared some good news that’s been years in the making over this past weekend, the Jersey Digs reported on March 24.
Back in June 2018, Jersey Digs broke the news about 902 Brewing Company’s plans to open a formal brewery and tap room in Jersey City’s Bergen-Lafayette neighborhood. The 6,000-square foot facility at 101 Pacific Avenue was a long time coming for Colby Janisch, Tucker Littleton, Andrew Brown, and Don Vogt, who co-founded the brewery back in 2012.
The company is named for the Washington Street building in Hoboken where Janisch and Littleton honed on their brewing craft. They’ve been working their hoppy magic out of New Jersey Beer Company’s North Bergen facility since 2016 and their 6,000 square foot space in Jersey City will potentially allow the company to brew over 5,000 barrels of beer annually, plus give them a spot to open a tap room.
902 Brewing Company officially broke in their Pacific Avenue space last Friday, March 20, announcing on their Instagram that the first batch of beer was fermenting. The brewery obtained what’s called a
...More info on site
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USA, CT: Hanging Hills Brewing Company announces permanent closure due to COVID-19 outbreak
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COVID-19 has claimed its first brewery closure in Connecticut, CT Post reported on March 25.
Hanging Hills Brewing Company, who closed their taproom on March 20, announced on Facebook on March 25 that they would close their doors to their Hartford brewery.
"Seeing the bulk of our distribution pipeline shut down, we realized with this perfect storm we could not afford to stay operational given our cost structure," said the Brewery on Facebook. "While we would've preferred to go out with a banging party, the virus ended that hope and we opted for the measured response."
The brewery did make mention of keeping their brand alive through partnerships with other breweries, or through other creative solutions.
Hanging Hills Brewing Company has been brewing at their Ledyard Street location in Hartford since 2016.
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World: Heineken successfully places EUR600 mln of 5-year notes and EUR800 mln of 10-year notes
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Heineken N.V. on March 25 announced that it has successfully placed €600 million of 5-year Notes with a coupon of 1.625% and €800 million of 10-year Notes with a coupon of 2.25%.
The Notes will be issued under the Company's Euro Medium Term Note Programme and will be listed on the Luxembourg Stock Exchange.
The proceeds from the Notes issuance will be used for general corporate purposes. The maturity dates of the Notes are 30 March 2025 and 30 March 2030.
Banca IMI, BNP Paribas, Credit Suisse, Deutsche Bank and HSBC acted as book runners.
On 18 March 2020, Heineken N.V. also successfully placed CHF 100 million of 5-year Notes with a coupon of 0.6375% privately.
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The Czech Republic: Czech brewers stop refilling kegs, turn to bottles and cans
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Czech breweries - including Pilsner Urquell and Budejovicky Budvar - have stopped refilling kegs and started storing their beer in cooled cellars as they seek to limit damage from pub closures caused by the coronavirus outbreak, The New York Times reported on March 26.
Breweries have also ramped up bottle and can production lines to offset a loss from keg sales both abroad and in the Czech Republic, which leads the world in per capita beer consumption.
"Nobody knows when the pubs will reopen," said Petr Kofron, manager of the Pilsner brewery in Prague, owned by Japan's Asahi.
"Most neighboring countries took the same measures and shut their pubs so export has shifted into bottles and cans," he told Reuters.
"Bottle lines and cans are running at full tilt. We hope our customers buy bottles and cans while they are at home."
The Czechs implemented some of Europe's toughest restrictions to blunt the coronavirus spread, banning non-essential movement while closing shops and restaurants, except for food and drugstores.
While pubs and some breweries still sell take-away beer to a smattering of walk-up customers, the drop in demand in a nation where residents drink an average 141 litres of beer per person annually has rippled through the
...More info on site
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India: United Spirits shuts down manufacturing units amid coronavirus lockdown
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Diageo-controlled liquor maker United Spirits on March 26 said it has shut down its manufacturing units amidst the coronavirus lockdown, the Economic Times reported.
According to the company, it is not possible to make an assessment of the financial impact of this currently.
"In compliance with the nationwide lockdown announced by the Honourable Prime Minister on March 24, 2020, all the offices and manufacturing units of the Company will remain closed," said USL in a regulatory filing.
It further said: This shutdown will stay in effect until April 14, 2020, subject to further directives issued by the respective government authorities and the company's assessment of the prevailing situation."
Earlier this week, Diageo had announced to produce around 300,000 litres of bulk hand sanitiser across 15 manufacturing units for use by public healthcare workers and donate 500,000 litres ENA to the sanitiser industry to enable the production of more than two million units (250 ml each) of hand sanitisers.
The company will also support the hospitality sector with a Rs 3 crore healthcare cover to bartenders and donate approximately 150,000 masks to five state's public health departments.
"With the outbreak of COVID-19 pandemic in India over the past few days, the company has been closely monitoring the
...More info on site
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France: Spring barley sowing accelerates in France
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Spring barley sowing accelerated in France last week, data from farm office FranceAgriMer showed on March 27, suggesting dry weather helped farmers catch up on field work after recent rain delays.
Farmers had sown 72% of the expected area by March 23, compared with 40% a week earlier, FranceAgriMer's weekly cereal crop report showed.
Progress still lagged the very brisk pace seen last year, when 97% of the area had been drilled by the same week, and was also running four days behind the average sowing pace of the past five years, FranceAgriMer's data showed.
Only 6% of the spring barley area had been sown in the previous three weeks as soggy field conditions held up work.
Analysts had expected last week's dry spell to boost the sowing pace, and continuing dry weather this week could help farmers round off spring barley drillings.
However, analysts are also monitoring the impact of widespread frosts this week, which may have damaged some young spring barley plants as well as earlier-sown crops resuming their growth cycle after winter. The condition of soft wheat, France's main cereal crop, was stable in the week to March 23, with 63% of plants rated good or excellent, unchanged from a week earlier,
...More info on site
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Malaysia: Heineken Malaysia suspends operations of its Petaling Jaya brewery
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Heineken Malaysia Berhad has announced that it has suspended the operations of its brewery in Petaling Jaya, Selangor, in line with the government’s two-week movement control order to slow the spread of the Covid-19 outbreak, the Malay Mail reported on March 25.
Heineken Malaysia stressed that the health and safety of its employees is its top priority, further stating that its staff had been kept regularly updated on Covid-19 and that preventive measures on travel and personal hygiene had been implemented according to guidance from the World Health Organisation and the Health Ministry.
“In accordance with the Government’s movement control order, our employees are working from home until 31 March 2020.
“Our Sungei Way Brewery has suspended operations and we have received approval from the authorities to allow a minimum number of workers to be on site to ensure the safety and integrity of the brewery during the stipulated period,” the company said in a statement last night.
Heineken Malaysia managing director Roland Bala was quoted in the same statement as saying: “We are living in unprecedented times, our first priority is the safety, health and wellbeing of our people, suppliers, customers, and consumers. At the same time, we commit to continue engaging the
...More info on site
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Australia: Craft brewers band together to keep afloat
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As the hospitality industry sheds thousands of jobs under coronavirus shutdowns, Australia’s craft brewers have banded together to keep their industry afloat, The Daily Telegraph reported on March 24.
Following the success of the ‘Buy From The Bush’ campaign that boosted businesses hit by the bushfires, the Keeping Local Alive campaign aims to do the same for Aussie breweries.
Topher Boehm, who owns Wildflower Brewing and Blending in Marrickville, said with the closure of pubs and taprooms, small breweries were now reliant on cellar door and online sales to stay afloat.
“Most of us are propped up by independent bottle shops, restaurants and bars,” Mr Boehm said.
He said a lot of breweries had already slowed down production as they tried to gauge how much product consumers will buy as takeaways and home deliveries.
“Without the volume (of beer) going to pubs … everyone’s having to move to cans or bottles,” he said.
“There’s more time associated with that and you’re not able to sell the same amount of beer you once were, that’s just the harsh reality of it.
“The campaign is really this thought about where your dollar is being spent … there are lots of breweries out there that are Australian owned, with Australian
...More info on site
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