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E-Malt.com Newsletter 22b
May 28 - May 31, 2020
Quote of the Week
It is a fair wind that blew men to the ale.
Oscar Wilde
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Currency Rates
Base Currency: US Dollar
on May 29, 2020 |
Base Currency: Canadian Dollar
on May 29, 2020 |
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1 USD = 0.9058 EUR
1 USD = 0.8137 GBP
1 USD = 1.3764 CAD
1 USD = 1.5082 AUD
1 USD = 107.7300 JPY
1 USD = 5.3142 BRL
1 USD = 70.7097 RUB
1 USD = 7.1532 CNY
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1 CAD = 0.7264 USD
1 CAD = 0.5911 GBP
1 CAD = 0.6580 EUR
1 CAD = 1.0956 AUD
1 CAD = 78.2600 JPY
1 CAD = 3.8604 BRL
1 CAD = 51.3656 RUB
1 CAD = 5.1963 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: More than half of America’s top 50 craft brewers posted volume growth in 2019
...Click here
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Canada, ON: Waterloo Brewing reports higher EBITDA and net revenue in Q1 2020
...Click here
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USA, OH: Brighten Brewing coming to Copley hopefully by August
...Click here
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World: Beer and sparkling wine sales could take four years to return to normal - research
...Click here
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The Philippines: San Miguel Brewery’s first-quarter volumes increase but consolidated revenue drops by 18%
...Click here
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World: Barley supplies large after record crop in 2019
...Click here
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Malaysia: Carlsberg Brewery Malaysia Bhd’s Q1 net profit slips 16.7%
...Click here
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Thailand & Vietnam: ThaiBev denies news reports on intention to sell businesses in Vietnam
...Click here
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Germany: Tettnang increases hop acreage by 2.9% this year
...Click here
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UK: UK may be in line for a record barley crop of 8.4 mln tonnes this year
...Click here
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India: United Spirits reports 57.82% decline in Q4 net profit
...Click here
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China: Australian barley imports continue to filter through
...Click here
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UK: Winter malting barley Electrum approved for brewing use
...Click here
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Australia: Carlton and United Breweries giving away up to A$2 mln worth of beer to help pubs and clubs
...Click here
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Graph of the Week
Table of the Week
North America's Barley Imports, Production, Consumption, and Ending Stocks
Barley Prices
Theoretical Malt Prices
These Days in Business History
28 May
1783 - Benjamin Tower of Philadelphia publishes 1st daily newspaper in U.S.
1849 - Patent for lifting vessels granted to Abraham Lincoln
1863 - Georg Adler, German state economist is born
1958 - Cuban Revolution
29 May
1527 - 1527 University of Marburg (Germany) founded
1848 - William G. Young patents ice cream freezer
1933 - Patent on invisible glass installation
30 May
1872 - Mahlon Loomis patents wireless telegraphy
1928 - John Keith Wright is born, English economist/asst sect of state, 1971-84
1974 - The Airbus A300 passenger aircraft first enters service
1975 - European Space Agency, ESA, forms
31 May
1879 - 1st electric railway opens at Berlin Trades Exposition
1974 - The first money-market mutual fund with checkwriting privileges, Fidelity Daily Income Trust, opens for business
1977 - The Trans-Alaska Pipeline System completed
2000 - Lucent Technologies announces that it is buying Chromatis Networks, an optical networking company, for $4.5 billion
Agenda
July 2020:
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)
September 2020:
02 - 04: Beviale Moscow 2020 (Moscow, Russia)
02 - 04: Modern Brewing Technologies 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)
14 - 16: Expo Antad & Alimentaria Mexico 2020 (Expo Guadalajara, Mexico)
19 - 20: Planete Biere 2020 (Paris, France)
21 - 24: Beer 2020 (Sochi, Russia)
23 - 25: Cerveza Mexico Expo 2020 (Mexico City, Mexico)
29 - 30: Sea Brew 2020 (Taipei, Taiwan)
November 2020:
04 - 07: VIETFOOD & BEVERAGE - VIETNAM 2020 (Ho Chi Minh City, Vietnam)
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)
May 2021:
17 - 23: Budapest Beer Week 2021 (Budapest, Hungary)
News Articles
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USA: More than half of America’s top 50 craft brewers posted volume growth in 2019
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More than half of the top 50 Brewers Association-defined craft brewing companies posted volume growth in 2019, according to data published in the May/June edition of the not-for-profit trade group’s New Brewer magazine, Brewbound reported.
2019’s volume gains broke a streak of three consecutive years in which the majority of regional craft brewing companies — defined as those producing between 15,000 and six million barrels of beer annually — did not grow. In 2019, 27 of the top 50 small and independent breweries by volume posted positive volume growth, while 23 companies either declined or remained flat. In fact, regional breweries collectively posted 1% volume growth in 2019.
The total craft category, as defined by the BA, held steady at 4% volume growth in 2019, to a total of 26.3 million barrels. The growth number has hovered around 4% over the last three years, but continued growth remains uncertain due to the effects of the COVID-19 pandemic on the U.S. craft brewing industry.
The two largest craft breweries by volume in 2019 — D.G. Yuengling and Son and Boston Beer Company — both recorded volume declines in 2019. Yuengling’s nearly 2.7 million barrels were more than double Boston Beer’s estimated beer production of
...More info on site
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Canada, ON: Waterloo Brewing reports higher EBITDA and net revenue in Q1 2020
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Waterloo Brewing Ltd., Ontario's first craft brewery, announced financial results for the first quarter ended April 26, 2020. Waterloo Brewing reported EBITDA of C$2.1 million on net revenue of C$14.8 million, Yahoo Finance said.
EBITDA increased 28.8% compared to C$1.7 million prior year and net revenue increased 20.2% from C$12.3 million in the prior year, the company said.
"The resilience of our business and our employees during this time of extraordinary challenge has been very reassuring and is an abundant source of pride and appreciation," said George Croft, President, and CEO, Waterloo Brewing. "We are extremely grateful to everyone here at Waterloo Brewing who has gone the extra mile to keep our brewery running. While this challenge is far from over, the tenacity, determination, and compassion to execute with excellence give us the confidence we need to triumph in the months ahead."
"As a business that is fortunate to remain strong and expand during this crisis we are also doing our best to increase our presence in and contribution to our hometown of Kitchener-Waterloo," continued Croft. "We teamed with some local distillers to create hand sanitizer for our friends and neighbours in K-W and we've increased our corporate giving to the local healthcare
...More info on site
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USA, OH: Brighten Brewing coming to Copley hopefully by August
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A new craft brewery with an uplifting name is coming to the heart of the Copley township, the Akron Beacon Journal reported on May 26.
Brighten Brewing is under construction just north of the Copley Circle and hopes to open in August. The name reflects the attitude of founders Elliott Pickett, 35, and Tom Robbins, 34.
“It describes what I’d like to see for the industry — keep raising the bar and focus on quality,” said Robbins, who will serve as the brewer and manage the taproom.
The 7,200-square-foot brewery, which sits in the same small shopping plaza as Big Star Pizza on Cleveland Massillon Road, will feature a seven-barrel brewing system and tasting room. There won’t be a kitchen, but there will be an outdoor patio.
Robbins, who lives in Coventry Township, is an award-winning brewer who has taken home two medals at the Great American Beer Festival while brewing at Lager Heads Brewing in Medina. He won for an Oktoberfest and a smoked beer.
He plans to offer 10 to 12 beers on tap, including a green tea beer that he made during his homebrewing days.
Robbins, who also has brewed at Thirsty Dog Brewing Co. in Akron and Magic City Brewing in Akron,
...More info on site
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World: Beer and sparkling wine sales could take four years to return to normal - research
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Strong off-trade sales and a fast-growing e-commerce market have not been enough to keep drinks producers ticking over during lockdown, according to new figures,
...More info on site
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The Philippines: San Miguel Brewery’s first-quarter volumes increase but consolidated revenue drops by 18%
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Conglomerate San Miguel Corp. said on May 28 net income fell 91 percent in the first quarter to P1.09 billion from P12.82 billion in
...More info on site
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World: Barley supplies large after record crop in 2019
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World barley supplies are large after the record crop of 2019, H. M. Gauger GmbH analysts said in their May report.
IGC estimates the
...More info on site
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Malaysia: Carlsberg Brewery Malaysia Bhd’s Q1 net profit slips 16.7%
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Carlsberg Brewery Malaysia Bhd’s net profit for the first quarter ended March 31, 2020 slipped 16.7% to RM72.96 million from RM87.60 million a year
...More info on site
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Thailand & Vietnam: ThaiBev denies news reports on intention to sell businesses in Vietnam
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Thai Beverage Public Co (ThaiBev) is disputing news reports that it is seeking a buyer for its businesses in Vietnam, the mainboard-listed company said
...More info on site
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Germany: Tettnang increases hop acreage by 2.9% this year
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Tettnang’s total hop acreage is up by 41.67 ha (+2.9%) from 1,437.74 ha in 2019, totalling 1,479.41 ha in 2020, Hopfenpflanzerverband Tettnang e.V. reported
...More info on site
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UK: UK may be in line for a record barley crop of 8.4 mln tonnes this year
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While the UK’s winter barley area has fallen, the massive rise in spring drilling means that the UK is in line for a record
...More info on site
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India: United Spirits reports 57.82% decline in Q4 net profit
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Diageo controlled liquor maker United Spirits Ltd on May 27 reported a decline of 57.82 per cent to Rs 49.3 crore in its consolidated
...More info on site
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China: Australian barley imports continue to filter through
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Chinese imports of Australian barley are continuing to filter through despite Beijing’s hefty tariffs on shipments, a move that could push up beer prices in the world’s largest consumer of the beverage, Bloomberg reported on May 28.
A cargo of Australian barley has docked at a Dalian port and is set to be unloaded, according to shipping data compiled by Bloomberg, the first such delivery after China imposed a more-than 80% anti-dumping and anti-subsidy tariff on the product. At least three more vessels carrying the commodity are also on course for China, data show.
China is continuing with purchases from its key trading partner because Australian barley is seen as being the best in quality among its suppliers, said Ma Wenfeng, an analyst with Beijing Orient Agribusiness Consultant Co.
“Despite the high tariffs, some Chinese buyers have to take these shipments as beer makers prefer Australian barley, which is high quality and gives good taste,” Ma said. “These high-end brands can simply pass the cost to downstream consumers.”
Beijing hit Australia with the tariffs last week, saying the exporting nation was subsidizing the commodity and flooding China at the cost of local producers, an accusation Canberra denies. However, Beijing has a track record of
...More info on site
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UK: Winter malting barley Electrum approved for brewing use
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The top yielding winter malting barley variety Electrum has gained full approval for brewing use in the UK, the Farmers Weekly reported on May 29.
From breeder Syngenta, the two-row barley has been granted full approval by the Maltsters’ Association of Great Britain in its annual review.
It joined the AHDB Recommended List back in 2018, and is the highest yielding winter malting variety on the list at 97% of the controls.
Electrum effectively replaces the other Syngenta winter malting variety, Venture, which has been removed from the list for brewing.
In the spring category, Asteroid has been removed from the list for both brewing and malt distilling, but retains provisional approval 2 for grain distilling.
Other changes are Cosmopolitan moving to provisional approval 2 for brewing, while both AHDB Recommended List newcomers Iconic and Splendor gained provisional approval 1 for brewing.
Both Firefoxx and Tungsten gained provisional approval 1 for malt distilling; the latter variety also has the same status for brewing.
Approved malting and distilling list for harvest 2021:
• Winter varieties for brewing use
Full approval: Flagon, Craft and Electrum
• Spring varieties for brewing use
Full approval: Concerto, Laureate, Planet and Propino
Provisional approval 2: Diablo and Cosmopolitan
Provisional approval 1: Iconic, Splendor and Tungsten
• Spring varieties for malt distilling use
Full approval:
...More info on site
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Australia: Carlton and United Breweries giving away up to A$2 mln worth of beer to help pubs and clubs
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One of Australia’s largest breweries is giving away up to A$2 million worth of beer in a bid to help pubs and clubs stave off closure, 7NEWS.com.au reported on May 28.
Carlton and United Breweries’ “For the Love of Your Local” campaign has already raised more than A$1 million for struggling venues.
It’s now doubling that target to A$2 million as restrictions continue to decimate the hospitality industry.
The brewery’s campaign asked punters to buy a beer from their local, with a free one set aside for them once restrictions lift, courtesy of CUB.
Doubling the goal to A$2 million is the equivalent of 200,000 pints or 100,000 litres of free beer.
CUB CEO Peter Filipovic said the ongoing easing of restrictions was welcome news, but there were still plenty of challenges.
“The ongoing restrictions will continue to significantly limit trade and, for some venues, re-opening will have to wait until restrictions are further lifted,” Filipovic said.
“Those that do will have reduced numbers.
“New South Wales pubs and clubs have already been shut for two months and the fact is many of these beloved venues won’t make it through this crisis without extra help.
“So, we’re calling on Australians to help save their local and get free beer
...More info on site
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