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E-Malt.com Newsletter 25a
June 15 - June 17, 2020
Quote of the Week
One mouth doesn't taste the beer.
Bantu proverb
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Currency Rates
Base Currency: US Dollar
on June 17, 2020 |
Base Currency: Canadian Dollar
on June 17, 2020 |
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1 USD = 0.8850 EUR
1 USD = 0.7924 GBP
1 USD = 1.3550 CAD
1 USD = 1.4456 AUD
1 USD = 107.3700 JPY
1 USD = 5.1667 BRL
1 USD = 69.5502 RUB
1 USD = 7.0808 CNY
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1 CAD = 0.7379 USD
1 CAD = 0.5847 GBP
1 CAD = 0.6530 EUR
1 CAD = 1.0667 AUD
1 CAD = 79.2200 JPY
1 CAD = 3.8125 BRL
1 CAD = 51.3203 RUB
1 CAD = 5.2249 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada & USA: General weather situation benign for barley planting and crop in both countries
...Click here
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USA: Brewers bringing fewer new products to market amid coronavirus pandemic
...Click here
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USA, WA: Hop growers curtailing expectations of modest growth as beer drinking shifts
...Click here
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USA: Beer sales fall just short of three-peat during first week of June
...Click here
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USA, TN: Panther Creek Brews set to open at noon on June 20
...Click here
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USA, OH: Third Eye Brewing Company opening its doors in Cincinnati on June 17
...Click here
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USA: Vast quantity of beer gone past its sell-by date another problem resulting from coronavirus pandemic
...Click here
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Canada, ON: Magnotta Brewery announces closure of Grand River Brewing in Cambridge
...Click here
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World: Beer production estimated to have increased slightly last year for the first time in five years
...Click here
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World: Malt markets inactive in May due to corona pandemic
...Click here
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EU: Molson Coors might be eyeing disposal of European operations - report
...Click here
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World: 2020/21 world barley trade forecast slightly lower in USDA’s June report
...Click here
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Argentina & China: Argentina hoping to increase shipments of malting barley to China
...Click here
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India: Delhi government withdraws corona fee imposed on alcohol
...Click here
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Malaysia: Carlsberg Brewery Malaysia told to pay RM6.36 mln penalty on bill of demand
...Click here
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South Korea: Hite Jinro enjoying heyday for the first time in 10 years
...Click here
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Graph of the Week
Table of the Week
Germany Beer Market Overview
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
15 June
1762 - Austria uses 1st paper currency
1909 - 1st U.S. airplane sold commercially, by Glenn Curtiss for $5,000
1949 - Gas turbine-electric locomotive demonstrated, Erie Pa
1954 - UEFA (Union of European Football Associations) is formed in Basel, Switzerland
16 June
1903 - Pepsi Cola Company forms
1903 - Ford Motors incorporates
1911 - IBM founded as the Computing-Tabulating-Recording Company in Endicott, New York
1963 - 1st woman in space, aboard Vostok 6
1983 - European Space Agency launches European Comm Satellite 1, Oscar 10
17 June
1885 - Statue of Liberty arrived in New York City
1970 - Edwin Land patents Polaroid camera
1988 - Microsoft releases MS DOS 4.0
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 - 05: Expo Trade, Brewers Conference & Mar del Plata Beer Week 2020 (Mar del Plata Argentina)
02 - 04: Beviale Moscow 2020 (Moscow, Russia)
02 - 04: Modern Brewing Technologies 2020 (Moscow, Russia)
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)
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)
June 2021:
15 - 17: Brasil Brau 2021 (Sao Paulo, Brazil)
News Articles
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Canada & USA: General weather situation benign for barley planting and crop in both countries
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Early estimates for crop 2020 are: Canadian acreage 2.95 mln ha, production 10.15 mln tonnes. U.S. production as per USDA 3.96 mln tonnes, H. M. Gauger GmbH reported earlier this month.
In spite of occasional frost/snow/dryness problems, the general weather situation was benign for barley planting and crop development to-date in both countries. Particularly in southern Alberta heavy rains ended a year-long drought.
Export estimates for 2020/21 are 1.9 – 2.0 mln tonnes for Canada and 120 thousand tonnes for the USA. Registered Canadian exports in Aug/March 2019/20 were 1.037 mln tonnes to China, 340 thousand tonnes to Japan and 33 thousand tonnes to the U.S.
China has authorized imports of U.S. barley. However, neither crop size, price levels nor logistics should enable the U.S. to use this outlet to a larger extent, the Gauger analysts said. Canada has sold to China between 1.5 and 2.0 mln tonnes of barley per year, Chinese maltsters appreciate the quality. Following the closure of the Chinese market for Australian barley, Canadian exporters hope to increase their volume by at least half a million tonnes in 2020/21.
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USA: Brewers bringing fewer new products to market amid coronavirus pandemic
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Brewers are bringing fewer new products to market amid coronavirus concerns and a slowing economy, according to Sovos ShipCompliant label registration data for the months of April and May 2020, indicating these producers are doubling down on their existing product lines, wineindustryadvisor.com reported on June 15.
Overall, producers and wholesalers in the beer, wine and spirits business registered 16,164 products through Sovos ShipCompliant’s Product Registration Online (PRO) system, while many bars, retailers and tasting rooms remained closed due to stay-at-home orders. This represents a drop of 2% over February and March and a 0.3% decrease year-over-year.
However, brewers felt the decline most sharply with 43.4% fewer new product registrations in April and May compared to the same time last year.
“The closure of tasting rooms beginning in mid-March left many industry producers struggling to make ends meet. Breweries, in particular, appear to have rallied around their core products rather than investing in seasonal or limited releases, as a way to cut costs,” said Larry Cormier, vice president, general manager of Sovos ShipCompliant. “Craft beer innovation takes place in the taproom. With limited retail shelf space, many newer brewers focus on taproom sales rather than traditional distribution. So when tasting rooms
...More info on site
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USA, WA: Hop growers curtailing expectations of modest growth as beer drinking shifts
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Growing conditions are strong on Washington hop farms but growers are curtailing expectations of modest growth as beer-drinking patterns shift and an entire industry is disrupted by the Covid-19 pandemic, tricitiesbusinessnews.com reports.
The unknowns mean 2020 will look a lot like 2019, when the National Agricultural Statistics Service said Washington growers produced about 82 million pounds of hops with a collective value of $476 million.
75 percent of the U.S. hop crop, with about 50 percent to 60 percent exported in a typical year.
Whether hops are shipped overseas or remain on U.S. soil, the destination is invariably the same: a brewery.
“Hops are grown for beer and that’s it,” said Jaki Brophy, spokeswoman for Hop Growers of Washington, with offices in the Yakima area. Brewers consume 99 percent or more of all hops produced.
A fraction is used in one-off products such as hop-infused teas and candies.
But as the brewery industry goes, so goes the hops industry. And the brewing industry is struggling along with the rest of the economy after pandemic-inspired stay-home orders closed restaurants, taphouses, and sports and entertainment venues.
The National Beer Wholesalers Association in Alexandria, Virginia, said increased in-home consumption has not offset the sales for on-premises consumption. Major beer-drinking events,
...More info on site
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USA: Beer sales fall just short of three-peat during first week of June
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After back-to-back billion dollar sales weeks in off-premise retailers, beer category sales fell just short of a three-peat during the first week of June, Brewbound reported on June 15.
For the week ending June 6, off-premise beer category dollar sales increased 22.1%, to $998.4 million, according to market research firm Nielsen.
Beer category dollar sales in the two-week period covering the lead up to and the week of Memorial Day topped $2 billion, an increase of $344 million compared to the same two-week period in 2019. Those weeks were rivaled only by the July 4 holiday week in 2019 during the last 52 weeks, Nielsen reported.
Through the weeks covering the COVID-19 period in the U.S., from early March through early June, the beer category has totaled $12.8 billion in off-premise sales, up $2.3 billion (or 21.4%) compared to the same period in 2019, Nielsen VP of beverage alcohol practice Danelle Kosmal told Brewbound.
Year-to-date off-premise dollar sales of beer, FMB and cider are up 15.4% compared to 2019.
Even as off-premise sales have spiked during the COVID-19 pandemic, which shut down essentially all on-premise sales in the U.S., the growth hasn’t been enough to make up for the loss of sales in bars, restaurants
...More info on site
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USA, TN: Panther Creek Brews set to open at noon on June 20
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Although COVID-19 put a kink in plans, Panther Creek Brews is finally set to open at noon Saturday, June 20, at 714-F W. Main St., Murfreesboro, former home to the Green Dragon Pub and Brewery, The Daily News Journal reported.
Co-owner JT Gowen said the company wants to be mindful of social distancing guidelines. So this weekend will be a soft opening and can release for Dedication IPA.
“We hope everyone can bear with us. This is the first time we’ve ever done this,” said Gowen, admittedly nervous about opening in the middle of a pandemic. “But we are excited and hopeful, and we’ll try our best to make sure everybody is happy.”
Gowen said they are focusing more on pickup and to-go orders. But the taproom will be open at 50% capacity. My Roots Curbside Catering will be the food truck on site, and there will be a few tents for customers to shelter from the sun.
Panther Creek Brews originally started with Gowen and Jeremy Taylor. The two men began brewing together in 2003 as a way to “hang out and get the families together.” It wasn’t long before they joined the Mid State Brew Crew, a hobby brewing club.
What started as
...More info on site
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USA, OH: Third Eye Brewing Company opening its doors in Cincinnati on June 17
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Tom Collins had envisioned opening a brewery in his mind’s eye for nearly a decade. But the dream of the former product designer and avid homebrewer laid dormant for years. It took the realization that one can’t will a dream into existence without taking action for Collins to engage partners and get to work on making it a reality, Cincinnati.com reported on June 16.
“Life is short,” said Collins, cofounder of Third Eye Brewing Company. “You could always say, ‘I’m going to go and do this someday,’ but what if someday doesn’t come?”
“Someday” has finally arrived for Collins and his fellow Third Eye Brewing Company co-founders, opening their doors on June 17. After more than four years of preparation, Third Eye seems poised to become an overnight success.
Sharonville’s first craft brewery, Third Eye enjoys a host of advantages. Its Chester Road location is right across the street from the Sharonville Convention Center and near several high-volume hotels. A patio with direct access to the brewery’s main bar via roll-up garage doors spans the building’s street-facing side to project a fun, airy, vacation-like atmosphere.
The energy doesn’t stop at the building’s entrances. Vivid colors leap from the mural behind the
...More info on site
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USA: Vast quantity of beer gone past its sell-by date another problem resulting from coronavirus pandemic
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In the concert halls, stadiums and bars across the U.S. that have fallen silent during the coronavirus pandemic, an unusual problem has emerged: what to do with the vast quantity of beer that’s gone past its sell-by date, Bloomberg reported on June 16.
In March, even before the lockdowns became widespread, about 10 million gallons of beer held by retailers had already expired, according to estimates from the National Beer Wholesalers Association. As thousands of kegs are now being returned to distributors daily, Vanguard Renewables in Wellesley, Massachusetts, is among companies seeking to make use of it by turning the beverage into natural gas for electricity generation. Others will use it to make hand sanitizer, but a great deal of the beer will simply be decanted and dumped.
“This is a tsunami of kegs,” said John Hanselman, chief executive officer of Vanguard, which will take about 60,000 gallons a week to feed expired beer to micro-organisms in biodigestors that release methane, the primary component of natural gas.
Coping with a waste of beer is just one of the many unforeseen knock-on effects of pandemic-related lockdowns that have shut down swathes of the global economy.
The headache for the beer industry goes beyond lost revenue,
...More info on site
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Canada, ON: Magnotta Brewery announces closure of Grand River Brewing in Cambridge
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Just under two years after taking it over, Magnotta Brewery has announced the closure of Grand River Brewing in Cambridge, the Canadian Beer News reported on June 15.
According to a statement released last week, the ongoing impact of COVID-19 combined with “a growing number of unexpected obstacles in operating this property” combined to make the closure necessary.
Production of Grand River brands including Curmudgeon IPA, Plowman’s Ale, Red Tail Ale and others has been shifted to the Magnotta facility in Vaughan, where they are being brewed alongside the Magnotta beer and cider line-ups. The statement also notes that the brewery “hopes to be back in Cambridge in a new form down the road.”
Grand River Brewing was opened in June 2007 by Bob Hanenberg and Jane Southgate, and was located in a historic building built in 1913 as a factory for the Galt Knife Company. It was put up for sale in 2017, and was purchased by Magnotta in the summer of 2018.
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World: Beer production estimated to have increased slightly last year for the first time in five years
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For the first time in five years, world beer production rose slightly in 2019 compared to the previous year, by around nine million to
...More info on site
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World: Malt markets inactive in May due to corona pandemic
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The corona pandemic impacted beer and malt demand very much. Markets were inactive during May, H. M. Gauger GmbH said in their June report.
According
...More info on site
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EU: Molson Coors might be eyeing disposal of European operations - report
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Brewery group Molson Coors has appointed Bank of America to conduct a strategic review of its businesses globally, with a disposal of its European
...More info on site
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World: 2020/21 world barley trade forecast slightly lower in USDA’s June report
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World barley trade forecast for 2020/21 is slightly lower in USDA’s June forecast, at 25.288 mln tonnes vs 25.598 mln last month. Export forecast
...More info on site
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Argentina & China: Argentina hoping to increase shipments of malting barley to China
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Argentina is jockeying to get more of its malting barley into Chinese beer, now that Asia’s mega-economy is locked in a trade fight with
...More info on site
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World: Carlsberg places 7–year EUR500 mln notes
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Carlsberg Breweries A/S on June 16 successfully placed 7-year EUR notes for a principal amount of EUR 500 mln with a coupon of 0.375% GlobeNewswire reported.
The notes have been issued under the company’s Euro Medium Term Notes (EMTN) programme and will be listed on the regulated market of the Luxembourg Stock Exchange.
The proceeds of the offering will be used for general corporate purposes and repayment of short-term debt.
BNP Paribas, Danske Bank and MUFG acted as Joint Bookrunners.
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India: Delhi government withdraws corona fee imposed on alcohol
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The overcrowding outside liquor shops during the COVID-19 pandemic has scared the Indian authorities. But seeing the declining economy government decided to impose a tax on liquor to boost sales revenue. Back in the month of May, the Kejriwal government imposed a 70% corona fee on the MRP of different types of liquor. Due to this by the end of May the excise department witnessed a total revenue of Rs 234 crore from the sale of liquor, Inventiva reported on June 15.
However, the Delhi government has now decided to withdraw the special corona fee imposed at 70% on the MRP placed on the sale of all types of liquor in the capital. The order came into effect from June 10 onwards. Within 15 days after imposing the corona fee tax on liquor, the Kejriwal government earned around 110 crore from this tax.
Considering past trends alcohol consumption in India amounted to about 5.4 billion litres in 2016, increasing to about 6.5 billion litres by 2020. This steady increase in consumption of these beverages can be directly attributed to multiple factors including the rising levels of disposable income and a growing urban population among others.
In India, several state governments either control liquor
...More info on site
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Malaysia: Carlsberg Brewery Malaysia told to pay RM6.36 mln penalty on bill of demand
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Carlsberg Brewery Malaysia Bhd has been told to pay RM6.36 million to the Customs Department as a full and final settlement on its bill of demand for sales tax and excise duty, The Edge Markets MY reported on June 15.
As a result, it said the financial impact of the settlement represents approximately 2.2% and 4.1% of the group's net earnings and net assets, respectively, for the year ended Dec 31, 2019.
In a filing, Carlsberg said it received on June 15 a letter dated June 3, 2020 from the Royal Malaysian Customs of Selangor notifying the company of its decision regarding the company's appeal for remission of the bill of demand dated Sep 17, 2014.
Carlsberg said it shall proceed to remit the payment of RM6.36 million as the agreed total claimable amount to the Customs, as full and final closure of the matter.
In September 2014, Carlsberg said it was slapped with excise duty, sales tax and penalty claims amounting to RM56.4 million.
This comprised excise duty amounting to RM35.7 million, sales tax amounting to RM13.76 million and a penalty amounting to RM6.88 million for the period from July 1, 2011 to Jan 14, 2014.
Then in Feb 14 this year, Carlsberg said Customs
...More info on site
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South Korea: Hite Jinro enjoying heyday for the first time in 10 years
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Korean liquor brand Hite Jinro Co. is enjoying its heyday for the first time in 10 years in sales and stock price thanks to a double homerun with Terra beer and soju Jinro whose clean taste mixed with nostalgic marketing style created a splash in the world’s best-selling spirit, the Pulse News reported on June 15.
Hite Jinro revisited above 40,000 won for the first time since Jan. 5 2010 to close Friday, June 12 2.7 percent up at 40,200 won ($33.08).
On June 15, Hite Jinro shares rose 1.99 percent additionally to finish at 41,000 won.
Its new beer brand Terra has been enjoying a solid sale on the back of the skyrocketing popularity of a mixture of Terra and Chamilsul soju called Tesla (Tesula, Terra+Chamisul). Hite Jinro shares more than doubled in just 15 months since it first released Terra on March 21, 2019. Terra sold 860 million bottles by the end of May, shaking up the nation’s beer market. Thanks to the sound sale of Terra, the company’s beer business swung to profit of 8.8 billion won in the first quarter.
In addition, its Jinro soju that comes with an old label design in a clear, blue-tone bottle has become a
...More info on site
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Belgium: AB InBev launches new Victoria beer
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AB InBev has launched a new beer, with a marketing story that attacks Duvel beer head-on, The Brussels Times reported on June 8.
The new beer, called “Victoria” is a blond beer with 8.5% alcohol that referments in the bottle. The label shows an angel holding the devil to the ground, and the marketing story behind the new beer has several references to the devil, such as a story of the victory of Archangel Saint Michael over the devil.
Additionally, AB InBev promotes Victoria as “100% natural” and also refers to “the evil, false and artificial,” which is “characteristic of the ways of the devil.”
“This is just an open attack,” beer sommelier Jeroen Peeters of the Antwerp pub Dr. Beer told Het Nieuwsblad. “They also choose the former name of Duvel. Anyone who knows anything about beer history knows that it was once called ‘Victory Ale’,” he added.
Duvel, the iconic blond specialty beer of the Moortgat brewery, has always been very successful, and it is not the first time other breweries try to beat it.
“We have established that the segment of strong, blond beers is growing,” AB InBev spokesperson Karolien Cloots told Het Nieuwsblad. “We follow this consumer trend, and therefore complete
...More info on site
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