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E-Malt.com Newsletter 24b
June 11 - June 14, 2020
Quote of the Week
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William Shakespeare
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Currency Rates
Base Currency: US Dollar
on June 12, 2020 |
Base Currency: Canadian Dollar
on June 12, 2020 |
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1 USD = 0.8809 EUR
1 USD = 0.7900 GBP
1 USD = 1.3517 CAD
1 USD = 1.4476 AUD
1 USD = 106.9000 JPY
1 USD = 4.9735 BRL
1 USD = 69.2786 RUB
1 USD = 7.0653 CNY
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1 CAD = 0.7397 USD
1 CAD = 0.5843 GBP
1 CAD = 0.6516 EUR
1 CAD = 1.0708 AUD
1 CAD = 79.0700 JPY
1 CAD = 3.6787 BRL
1 CAD = 51.2426 RUB
1 CAD = 5.2259 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Craft Brew Alliance plans divestment of Kona Brewing operations in Hawaii to get approval for merger with AB InBev
...Click here
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USA, OK: Frenzy Brewing Co. ready to launch in Edmonton
...Click here
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Mexico: Grupo Modelo launches versions of Corona and Victoria beers containing just 1.8% alcohol
...Click here
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USA, TX: The Tomball Economic Development approves architectural plans for a new brewery
...Click here
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World: Most countries report decline in January-April beer output
...Click here
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Japan: Beer and beer-like sales fall in May from a year before
...Click here
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EU: Barley export in July 2019-May 2020 64% more than a year ago
...Click here
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France: Winter barley crop expected to fall 11.7% this year
...Click here
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Australia: Barley output forecast to increase by more than 15% in 2020/21
...Click here
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Australia: Farmers on a mission to find fresh buyers for their barley
...Click here
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Australia: Fears for Australia’s craft brewers hit by Covid-19
...Click here
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Australia: Lion Australia forced to temporarily shut down production after a cyber attack on its website
...Click here
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Croatia: Craft brewer Garden Brewery to start trading on Zagreb Stock Exchange
...Click here
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Graph of the Week
Table of the Week
EU Malt Exports
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
11 June
1644 - Florentine scientist describe invention of barometer
1742 - Benjamin Franklin invents his Franklin stove
1816 - Gas Light Co of Baltimore founded
1998 - Compaq Computer pays US$9 billion for Digital Equipment Corporation in the largest high-tech acquisition
12 June
1849 - Gas mask patented by Lewis Haslett, Louisville, Kentucky
1928 - After more than 130 years of trading, the New York Stock Exchange finally has its first day on which more than 5 million shares trade hands, as total daily volume hits 5,252,425 shares
1972 - The fast food restaurant chain Popeyes is founded in Arabi, Louisiana
1991 - Microsoft releases MS DOS 5.0
1994 - The Boeing 777, the world's largest twinjet, makes its first flight
13 June
1933 - Financial and Economy World conference opens, 66 countries
1934 - Black-McKeller Bill passes causes Bill Boeing empire to break up into Boeing United Aircraft
[Technologies] and United Air Lines
1975 - 1st oil pumped from North Sea oilfield
14 June
1755 - 1e edition of Dr. Johnsons "Dictionary"
1789 - Whiskey distilled from maize is first produced by American clergyman the Rev Elijah Craig. It is named Bourbon because Rev Craig lived in Bourbon County, Kentucky
1846 - Belgian Liberal Party forms
1946 - Canadian Library Association established
1951 - 1st commercial computer, UNIVAC 1, enters service at Census Bureau
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: Craft Brew Alliance plans divestment of Kona Brewing operations in Hawaii to get approval for merger with AB InBev
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Craft Brew Alliance announced on June 10 plans to divest of its Kona Brewing operations in Hawaii in an effort to gain regulatory approval for its planned merger with Anheuser-Busch InBev, Brewbound reported.
Contingent upon CBA’s combination with A-B closing later this year, Kona’s operations in Hawaii — including its brewpubs in Kailua-Kona and Honolulu, as well as its under-construction 30,000 sq. ft., 100,000-barrel brewery — would be sold to PV Brewing Partners, a partnership between former A-B president Dave Peacock and Overland Park, Kansas-based family office VantEdge Partners.
The rights to the Kona brand in the other 49 states and international markets would go to A-B in the CBA deal. The world’s largest beer manufacturer would manage the Kona brand, its brewing, production, innovation and distribution outside of Hawaii.
“We are committed to working with regulators and facilitating the successful review and close of our expanded partnership with A-B,” Andy Thomas, CEO of CBA, said in a press release. “We are delighted to have found a strong buyer that will continue to nurture the spirit of the Kona brand in Hawaii and offer its employees, who will remain part of Kona’s Hawaii operations, further opportunities for growth and development.”
Marcelo “Mika” Michaelis, president
...More info on site
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USA, OK: Frenzy Brewing Co. ready to launch in Edmonton
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Frenzy Brewing Co. completes a long, winding road to opening its downtown tasting room in the historic E.A. Bender Building, 15 S Broadway, Edmond, Oklahoman.com reported on June 10.
Plans to open the city's first craft brewery were intended for March, but the coronavirus outbreak scuttled those plans. Co-owners Matt and Beth Conner and Jeremy Estle opened the doors for curbside and to-go sales in the brewery and tap room last week.
Beth Conner said beer sales have been brisk, but merchandise has been even better.
"It's been really great," she said. "We ran out of some of the hats already. We had to order extra for the grand opening."
Longtime Edmond residents, Estle and Mark Conner made the transition from ranked amateur home-brewers to pros when they launched Frenzy in March 2019 with Beth's help.
"We built our brand presence while we were still doing home-brewing competitions," Mark Conner said. "A lot of people thought we already had a brewery when they saw our set-up."
With an audience in tow, Frenzy collaborated with Oklahoma City’s Angry Scotsman Brewing Co. to get the brand to market in kegs and cans last year.
Estle left 15 years in telecommunications, and Mark Conner left a 20-year banking career late
...More info on site
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Mexico: Grupo Modelo launches versions of Corona and Victoria beers containing just 1.8% alcohol
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The Grupo Modelo beer company, which makes 17 brands of beer including Pacífico, Modelo and Corona, has added two new brands to its portfolio, versions of Corona and Victoria containing just 1.8% alcohol, the Mexico News Daily reported on June 9.
“At Grupo Modelo we are always looking to transform ourselves in order to give our consumers a wide variety of products for different consumption occasions,” said president Cassiano de Stefano on Monday. “Today a unique segment is born in Mexico that is characterized by its low alcohol content and that represents a historical event for two of the most important brands in the country.”
It’s not a coincidence that the two new brands were released during the coronavirus pandemic. Beer with less than 2% alcohol content is not considered an alcoholic beverage by the federal government and is thus marketable in municipalities that have enacted dry laws due to the coronavirus.
Victoria Chingones was also designed to help support more than 4,000 farmers affected by the halt to beer production after it was deemed a nonessential business, Grupo Modelo said.
Between 2013 and 2018, the total amount of beer consumed in Mexico, regardless of alcohol content, grew 56.2% with constant
...More info on site
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USA, TX: The Tomball Economic Development approves architectural plans for a new brewery
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The Tomball Economic Development Corporation unanimously approved architectural plans for a brewery and eatery planned to be built in the Tomball Business and Technology Park, the Houston Chronicle reported on June 9.
Kelly Violette, TEDC executive director, said TEDC is under contract to sell a lot in the park to a company for the project, dubbed “Project Standard,” as they are under a confidentiality agreement with the buyer. The project entails the construction of a 10,500-square-foot brewery and restaurant facility on 4.6 acres of land, located parallel to South Persimmon Street. Board members voted on the plans during their May 28 meeting.
The brewery includes two grain silos and a modern-designed building with a glass wall inside, allowing people to see the brewery equipment and operations inside, Violette said. Plans also include an outdoor beer garden. The brewery is being designed by Ziegler Cooper Architects.
“I think a good way to look at this is we want to create a really nice experience for visitors to the brewery,” Chandler Johnson, an architect with Ziegler Cooper Architects, said. “When someone steps out of the car, we want them to immediately feel like they’re in an elevated, unique kind of space.”
Steve Lucchesi, senior principal Ziegler
...More info on site
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World: Most countries report decline in January-April beer output
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Germany’s April beer output reached 7.066 mln tonnes, minus 17.3% compared to the same month last year, H. M. Gauger GmbH reported earlier this
...More info on site
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Japan: Beer and beer-like sales fall in May from a year before
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Four major Japanese brewers saw their sales of beer and beer-like products fall in May from a year before, data from the firms showed
...More info on site
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EU: Barley export in July 2019-May 2020 64% more than a year ago
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EU barley exports as per Taxud over the period July 2019 - 24 May 2020 were 6.705 mln tonnes, 64% more than a year
...More info on site
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UK: Beer sales sink to lowest level for 20 years
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UK beer sales sunk to the lowest level for 20 years in the first quarter of 2020, demonstrating the impact of the coronavirus pandemic
...More info on site
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France: Winter barley crop expected to fall 11.7% this year
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France's farm ministry has forecast that the country's 2020 winter barley crop will fall 11.7% from last year to 8.17 million tonnes as unfavourable
...More info on site
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Australia: Barley output forecast to increase by more than 15% in 2020/21
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Australia raised its estimate for wheat production in the 2020/21 season by more than 25% on June 10 after recent heavy rains broke a
...More info on site
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Australia: Farmers on a mission to find fresh buyers for their barley
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Australia’s farmers are on a mission to find fresh buyers for their barley and are targeting bigger exports this year even after the country’s
...More info on site
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Australia: Fears for Australia’s craft brewers hit by Covid-19
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The boss of newly ASX-listed malt producer United Malt fears some craft brewers won't survive the coronavirus shutdowns, but is confident his business will benefit from the long-term growth in craft beer around the globe once the pandemic eases, Brisbane Times reported on June 10.
Mark Palmquist said a survey of North American micro brewers found that more than 30 per cent said they would not be able to survive a shutdown of more than three months.
"We're hearing similar anecdotal evidence inside Australia," he said. "What we're hoping is that it won't be that bad in Australia just because you're relaxing the restrictions at a faster pace."
While some craft brewers could be forced out of business, their manufacturing might not be lost if their brewery was continued by another operator, he said.
Kylie Lethbridge, general manager of the Independent Brewers Association, which represents Australian independent brewers, said the coronavirus-induced lockdowns have had a significant impact on an industry that had been growing rapidly before the pandemic.
"Coming out of restrictions is a boon, but it's absolutely the case that some won't survive," she said, pointing to independent brewers that have been forced to stand down staff and cut or completely cease production.
"We've been
...More info on site
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Australia: Lion Australia forced to temporarily shut down production after a cyber attack on its website
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One of Australia’s largest breweries has been forced to temporarily shut down production after a cyber attack on its website, 7NEWS.com.au reported on June 10.
Lion Australia, which produces Hahn, Tooheys, XXXX Gold and West End among other beverages, was subject to a “cyber incident” on June 9.
The company has shut down its IT systems in response to the attack while it investigates.
Lion says suppliers and customers will experience some disruption due to the incident.
“We’re working with expert advisors to address the issue,” Lion said in a statement.
“We have alerted the authorities and are working hard to minimise disruption to customers and suppliers.
“We will provide further updates when we can and we thank our customers and suppliers for their patience.”
Every one of Lion’s breweries across the country has halted its production lines, but the company has told 7NEWS there is currently enough beer to satisfy demand.
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Croatia: Craft brewer Garden Brewery to start trading on Zagreb Stock Exchange
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The shares of Croatian craft beer maker The Garden Brewery will start trading on the Zagreb Stock Exchange (ZSE) on June 12, the bourse operator said on June 9.
A total of 80,807 company shares with a nominal value of 500 kuna ($75/66 euro) each will start trading on the bourse's regular market, following a request for their listing submitted by The Garden Brewery on June 8, ZSE said in a statement.
In April, the Croatian financial regulator approved the brewer's share listing prospectus, noting that the company, which is active in a sector exposed to high risk in the coronavirus crisis, plans to focus on online sales in the coming period.
The largest single shareholder of The Garden Brewery is local mandatory pension fund AZ B category with a 30.82% stake, followed by local individual Milan Badelj with 29.72%, and voluntary pension fund AZ Profit with 9.9%, the company's prospectus posted on the ZSE website showed.
AZ pension funds are managed by Allianz ZB, a company owned by Allianz Zagreb and Croatia's Zagrebacka Banka.
In October, AZ pension funds injected 20 million kuna into the capital of The Garden Brewery, acquiring a 49.5% ownership stake and entering the segment of small and medium-sized companies.
The
...More info on site
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