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E-Malt.com Newsletter 15b
April 09 - April 12, 2020

Quote of the Week

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Daniel Webster

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Currency Rates

Base Currency: US Dollar
on April 10, 2020
Base Currency: Canadian Dollar
on April 10, 2020
      1 USD = 0.9177 EUR
1 USD = 0.8045 GBP
1 USD = 1.4007 CAD
1 USD = 1.5943 AUD
1 USD = 108.7000 JPY
1 USD = 5.1060 BRL
1 USD = 74.3473 RUB
1 USD = 7.0530 CNY
      1 CAD = 0.7138 USD
1 CAD = 0.5743 GBP
1 CAD = 0.6551 EUR
1 CAD = 1.1380 AUD
1 CAD = 77.5900 JPY
1 CAD = 3.6446 BRL
1 CAD = 53.0681 RUB
1 CAD = 5.0343 CNY

Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Brewery news Canada, ON: Waterloo Brewing reports record annual EBITDA for 2019 ...Click here
Brewery news USA, TX: Vector Brewing now open for curbside pickup ...Click here
Brewery news USA, OH: Female-led Chaffee’s Brewhouse eyeing opening later this year ...Click here
Brewery news USA, IA: Allerton Brewing Company set to launch in Independence this fall ...Click here
Brewery news USA, KS: Dry Lake Brewing still on tap for downtown Great Bend ...Click here
World News
Brewery news EU: European brewers bracing for catastrophic summer ...Click here
Brewery news Japan: All four major beer makers see March sales decline ...Click here
Whisky news World: Diageo withdraws full-year forecast due to coronavirus pandemic ...Click here
Barley news World: World barley trade forecast reduced in USDA’s April report ...Click here
Barley news Black Sea Region: Russia, Ukraine, Kazakhstan set up grain export restrictions ...Click here
Barley news Ukraine: Barley crop could drop to 7.2 mln tonnes this year ...Click here
Brewery news Sweden: Sweden’s response to Covid-19 presents opportunities for local brewers’ eCommerce ...Click here
Brewery news The Czech Republic: Second week of March saw alcohol sales rise 30% ...Click here
Graph of the Week

Table of the Week

World Hop Crop and Alpha Acid Production

Table of the week.

Barley Prices

Theoretical Malt Prices

These Days in Business History

09 April
1799 - Income Tax introduced in UK
1957 - The Suez Canal in Egypt is cleared and opens to shipping
2007 - Apple Computer unveils the revolutionary iPhone

10 April
1790 - U.S. Patent system forms
1816 - The Federal government of the United States approves the creation of the Second Bank of the United States
1930 - Synthetic rubber 1st produced
1956 - Philips broadcasts 1st Dutch color TV programs

11 April
1919 - The International Labour Organization is founded
1929 - Loetafoon celluloid film system demonstrated in Amsterdam
1992 - Euro-Disney opens near Paris
1994 - Software programmer Marc Andreesen, then 22 years old, and venture capitalist Jim Clark, the co-founder of Silicon Graphics Inc., found Mosaic Communications Corp

12 April
1903 - Jan Tinbergen is born, Dutch economist and U.N. advisor, Nobel 1969
1905 - French Dufaux brothers test helicopter
1992 - The Euro Disney Resort officially opens with its theme park Euro Disneyland. The resort and its park's name are subsequently changed to Disneyland Paris
1996 - One of the first companies ever to go public with an exclamation point in its name, Yahoo! Inc., launches its IPO on NASDAQ, selling 2.6 million shares at an initial price of $13 a share


April 2020:
24 - 06 July: Copa Cervezas de America 2020 (registration: 24 Apr-6 Jul) (Mar del Plata, Argentina)

May 2020:
14 - 16: Copenhagen Beer Festival 2020 (Copenhagen, Denmark)
19 - 21: Beer 2020 (Sochi, Russia)
22 - 30: Latvia Beer Festival 2020 (Riga, Latvia)

June 2020:
04 - 07: Mondial de la Biere - Sao Paulo 2020 (Sao Paulo, Brazil)
09 - 12: Aro Rojo International Beer Cup 2020 (Tampico, Mexico)
21 - 22: Planete Biere 2020 (Paris, France)

July 2020:
01 - 02: Craft Drinks India 2020 (Bangalore, India)
01 - 03: Craft Beer China 2020 (Shanghai, China)
22 - 24: Expo Antad & Alimentaria Mexico 2020 (Expo Guadalajara, Mexico)
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)
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 - 05: Zurich Bier Festival 2020 (Zurich, Switzerland)
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)
11 - 13: Mondial de la Biere - Paris 2020 (Paris, France)
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)
24 - 26: Great American Beer Festival 2020 (Denver, USA)
24 - 26: Stockholm Beer & Whisky Festival 2020 (Stockholm, Sweden)

October 2020:
02 - 03: Stockholm Beer & Whisky Festival 2020 (Stockholm, Sweden)
08 - 11: Mondial de la Biere 2020 (Montreal, Canada)
13 - 16: China Brew & China Beverage (CBB) 2020 (Shanghai, China)
23 - 25: Cerveza Mexico Expo 2020 (Mexico City, Mexico)
29 - 30: Sea Brew 2020 (Taipei, Taiwan)

November 2020:
10 - 12: Brau Beviale 2020 (Nuremberg, Germany)
11 - 11: European Beer Star 2020 - Award Ceremony & Winners' Night (Munich, Germany)
13 - 14: Beervana 2020 (Wellington, New Zealand)
18 - 18: Brussels Beer Challenge 2020 (Brussels, Belgium)
25 - 27: Drink Japan 2020 (Tokyo, Japan)

December 2020:
09 - 11: Drink Technology India 2020 (Mumbai, India)

More events are available on site e-malt.com

News Articles

Brewery news Canada, ON: Waterloo Brewing reports record annual EBITDA for 2019
Waterloo Brewing Ltd. ("Waterloo Brewing" or the "company"), Ontario's largest Canadian-owned brewery, on April 9 released results for the fourth quarter and full-year ended January 31, 2020.

Waterloo Brewing posted record annual EBITDA of C$12 million on net revenue of C$60.3 million. EBITDA for the fourth quarter was up 18.7% from prior year, to C$3.4 million.

"Our business has significant momentum and we thank our valued consumers for their continued support," said George Croft, President, and Chief Executive Officer Waterloo Brewing, "From our owner brands to our co-pack business we are extremely pleased with our industry-leading performance and growth in fiscal 2020. In this past fiscal year, we produced a step-change in both the operating and market performance of the business. In each of the past four quarters, we have been able to deliver growth in both volume and margin which resulted in an outstanding +19% EBITDA growth versus the prior year. As a growing company, in a mature category, that performance is simply remarkable and a testament to the drive and passion of everyone who works here at Waterloo Brewing."

"Our premium portfolio posted volume gains of +24% in fiscal 2020. Landshark Lager was a tremendous success story driven ...More info on site

Brewery news USA, TX: Vector Brewing now open for curbside pickup
Veronica and Craig Bradley can’t catch a break. They left their jobs to open Vector Brewing at the newly remodeled Lakeridge Village, then the federal government shut down in January of 2019 and they lost access to their loan through the Small Business Administration. Friends donated more than $12,000 via an online fund to keep their project progressing, and they made plans for the VIP opening of their brewpub – smack dab in the middle of a pandemic, the Advocate Media reported on April 8.

But COVID-19 is no match for the Bradleys.

The Lake Highlands couple began taking online orders for curbside pickup on April 4 and were inundated with requests for pizza and beer.

“That’s no CVS receipt,” joked a photo caption they posted to social media, “those are orders bombarding our kitchen on Saturday night. You animals blew through 700 pounds of pizza dough and nearly 1500 crowlers!”

To accommodate demand, the Vector crew has stepped up production and streamlined the order and pick-up process to prepare for the coming weekend. All orders are taken online beginning at 4 p.m. and they ask picker-uppers to place order numbers on windshields for easy curbside delivery. If you prefer to pick up from ...More info on site

Brewery news USA, OH: Female-led Chaffee’s Brewhouse eyeing opening later this year
A new brewhouse opening in Tipp City is set to show off the best craft beer that the community has to offer, Dayton.com reported on April 9.

Tipp City residents Lisa Smith-Richards and Chrissy Lesher are the founders and owners of Chaffee’s Brewhouse, which, when it opens later this year, will serve craft beer, cocktails, wine and light fare.

The brewhouse will be located in a portion of the old stomping grounds of the Pink Ribbon Girls on South 2nd Street in downtown Tipp City. And, depending on when the coronavirus pandemic subsides and Ohio’s stay-at-home orders are lifted, the brewhouse could open as early as June.

“I think it'll be really neat,” Smith-Richards said. “We didn't want anything huge. We really want to be a place where people can go for happy hour.”

The pair also owns the Hop Yard at Lock 16, a three-acre hop farm cultivating Cascade, Centennial, and Zeus varieties, and Miami Valley Draft Services. Both businesses are sure to play a role in the new brewhouse. Eventually, the pair would like to add a small brewing operation to the brewhouse, which would allow them to utilize the hops that they grow in their hop yard to brew beer. ...More info on site

Brewery news USA, IA: Allerton Brewing Company set to launch in Independence this fall
A meeting at an Independence home brew club is now set to snap a century-long dry spell, KGAN TV reported on April 9.

Lucas Gray and Brandon Mikel met at a club gathering in Independence - and now the two home brewers are putting their passion for pilsners into plans for Allerton Brewing Company. It's set to open this fall at 110 First Street East just next to the Wapsipinicon River - and will be the first brewery to open in Buchanan County since Prohibition.

"We knew the history a little bit - looking at the history of the town," Gray says. It's awesome being able to bring one back after all this time. We're excited."

The COVID-19 pandemic isn't throwing much of a wrench into things, either.

"We haven't run into any major roadblocks yet," Mikel says. "Some of our equipment we were supposed to pick up this week is getting postponed - but we're still in the middle of construction, so we don't really need it right now."

The partners are even settling into the space they were hoping for from the start - with a deck in the back that overlooks the river, the dam, and the old mill on the other ...More info on site

Brewery news USA, KS: Dry Lake Brewing still on tap for downtown Great Bend
So a new business can soon open its doors on Great Bend’s downtown square, the Great Bend City Council approved on April 6 an ordinance waiving restriction for a planned microbrewery, allowing it to be located with 200 feet of a church. This allows the state to issue a microbrewery license for that location, the Great Bend Tribune reported.

Kevin Burkey and Ryan Fairchild are planning on opening Dry Lake Brewing at 1305 Main Street. They are in the process of remodeling the old Brown Shoe Fit building.

However, “state law does not allow a license to be issued for microbrewery if it is located within 200 feet of a parochial school, public school, church or college,” said City Attorney Bob Suelter. The River of Life Church is located at 1219 Main, 151 feet to the south.

The law does, though, provide that the city can waive that requirement by passage of an ordinance, he said. The licensed premises must be located within a core commercial district as defined by state law.

There are still more hoops for the brewers to jump through, Suelter said.

“He’s probably going to have to meet some other requirements for getting his beer tested and everything else ...More info on site

Brewery newsEU: European brewers bracing for catastrophic summer
Shuttered bars, cancelled concerts and no sporting matches: European beer brewers large and small are bracing for a catastrophic summer as demand dries up ...More info on site

Brewery newsJapan: All four major beer makers see March sales decline
Sales of beer and beer-like beverages in Japan in March fell from a year before at all four major brewers due to the effects ...More info on site

Whisky newsWorld: Diageo withdraws full-year forecast due to coronavirus pandemic
Diageo Plc, the world's largest spirits maker, said on April 8 it would withdraw outlook on its sales and operating profit growth and suspend ...More info on site

Barley newsWorld: World barley trade forecast reduced in USDA’s April report
World barley trade forecast for 2019/20 is now reduced to 26.767 mln tonnes from last month’s 27.313 mln tonnes, USDA said in its April ...More info on site

Barley newsBlack Sea Region: Russia, Ukraine, Kazakhstan set up grain export restrictions
Russia has an export quota that limits its total grain exports to countries outside of the Eurasian Economic Union (EAEU) to a total of 7 ...More info on site

Barley newsUkraine: Barley crop could drop to 7.2 mln tonnes this year
Ukraine's 2020, grain crop could decline to 72.2 million tonnes from a record 75.1 million tonnes in 2019, due to smaller wheat and barley ...More info on site

Brewery news Sweden: Sweden’s response to Covid-19 presents opportunities for local brewers’ eCommerce
Sweden’s response to Covid-19 has made the country stand out by opting for a lighter touch. The country has not shut down its bars and restaurants, in fact, the only limit placed on them is that all customers must be served via table service. This has meant that the beer and cider industry in Sweden has yet to feel the impact of a lockdown like some European countries, the Drinks Insight Network reported on April 7.

However, this could soon change. The Swedish Government’s approach is facing increasing backlash as the death rate in the country has climbed higher than its lockdown neighbours. As the calls for lockdown grow stronger, the beer and cider industry could soon be faced with the same challenges seen in other countries in lockdown.

Lockdown will create supply chain issues as production slows and distribution becomes increasingly challenging due to the impact Covid-19 has on the workforce. There are already signs of this as the state owned monopoly Systembolaget is operating on a reduced delivery capacity due to Covid-19 cases in warehouse staff. In addition, as seen across much of Western Europe consumer behaviour changes. Fewer shopping trips are made and consumers reprioritise their purchases, and often ...More info on site

Brewery news The Czech Republic: Second week of March saw alcohol sales rise 30%
The coronavirus and safety measures around it have had a big impact on Czech shopping habits, with alcohol purchases rising sharply, Expats.cz reported on April 7.

Purchases have narrowed to fast-moving goods available at stores that remain open and online purchases. People eat more at home, due to restaurants being closed except for take out, and have stocked up to reduce the number of shopping trips needed.

The peak panic shopping time was the second week of March, when retail sales grew by nearly 40% compared to the same time of the previous year, but sales were significantly lower both a week before and a week after this panic shopping. On March 6, the Czech government announced mandatory quarantine for people returning from parts of Italy, and on March 12 the government declared a state of emergency.

The entire alcoholic beverage segment recorded a 14% increase in sales during the first four weeks of the crisis, from February 24 to March 22, compared to last year. In the second week of March, alcoholic beverages sales increased by almost 30%. The statistics are reported by the Czech Confederation of Commerce and Tourism (SOCR ČR), based on research by auditing firm Nielsen.

Already in the third ...More info on site

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