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E-Malt.com Newsletter 27b
July 02 - July 05, 2020
Quote of the Week
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Gary Vaynerchuk
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Currency Rates
Base Currency: US Dollar
on July 03, 2020 |
Base Currency: Canadian Dollar
on July 03, 2020 |
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1 USD = 0.8883 EUR
1 USD = 0.8009 GBP
1 USD = 1.3587 CAD
1 USD = 1.4443 AUD
1 USD = 107.4900 JPY
1 USD = 5.3239 BRL
1 USD = 70.4903 RUB
1 USD = 7.0643 CNY
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1 CAD = 0.7359 USD
1 CAD = 0.5894 GBP
1 CAD = 0.6537 EUR
1 CAD = 1.0628 AUD
1 CAD = 79.1000 JPY
1 CAD = 3.9177 BRL
1 CAD = 51.8714 RUB
1 CAD = 5.1984 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Constellation brands sees Q1 net sales decline despite 5.6% beer depletions growth
...Click here
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Canada, SK: Saskatchewan Liquor and Gaming Authority reduces some production taxes for larger regional breweries
...Click here
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Canada & China: Canadian barley shipments boosted by China’s feud with Australia
...Click here
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USA, OH: Southern Ohio Brewing to open its doors to the public on July 4
...Click here
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USA, VA: Selvedge Brewing to open its doors on July 3
...Click here
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USA, CA: Simply Brewing Co. gets permit to open in downtown Visalia
...Click here
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USA, TX: 4J Brewing Company launched by four sisters in Houston
...Click here
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USA, TX: Deep Ellum Brewing closes down Deep Ellum Funkytown Fermatorium brewpub in Fort Worth
...Click here
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World: Beer category may rebound better than wine and spirits from the pandemic
...Click here
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Vietnam: Vietnam to sell remaining 36% stake in country’s largest brewer Sabeco
...Click here
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France: Winter barley showing extremely contrasting yields and good crop quality
...Click here
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UK: Malting barley crops look very promising south of M4 motorway
...Click here
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Graph of the Week
Table of the Week
Czech Republic Hop Area and Production and Alpha Acid Output 2010-2020(f)
Barley Prices
Theoretical Malt Prices
These Days in Business History
02 July
1889 - To regulate commercial trusts and monopolies, Congress passes the Sherman Antitrust Act, which outlaws any "combination or conspiracy in restraint of trade"
1921 - 1st million dollar gate ($1.7m) boxing match (Dempsey KOs Carpentier)
1957 - 1st submarine designed to fire guided missiles launched, Grayback
03 July
1790 - In Paris, the marquis of Condorcet proposed granting civil rights to women
1878 - John Wise flew the first dirigible in Lancaster, PA
1886 - 1st New York Tribune printing using 1st commercial linotype machine
1886 - In Germany, Karl Benz drives 1st automobile
1903 - The first cable across the Pacific Ocean was spliced between Honolulu, Midway, Guam and Manila
1928 - 1st color TV broadcast in London (John Logic Baird)
04 July
1776 - The U.S. declared independence from Great Britain
1876 - 1st public exhibition of electric light in SF
1884 - The Statue of Liberty was presented to the United States in Paris
1886 - 1st scheduled transcontinental passenger train reaches Pt Moody, BC
1952 - Canadain Currency, Mint and Exchange Fund Act allows gold coins of $5, $10, and $20 to be minted
1997 - NASA's Pathfinder space probe lands on the surface of Mars
05 July
1643 - 1st recorded tornado in U.S. (Essex County, Massachusetts)
1841 - Thomas Cook opens 1st travel agency
1922 - 1st general election in Netherlands
1948 - The British government adopts the National Health Service Act
1954 - The BBC broadcasts its first television news bulletin
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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USA: Constellation brands sees Q1 net sales decline despite 5.6% beer depletions growth
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Constellation Brands, which begins its financial year in March, had a rollercoaster of a first quarter for FY 2021, with net sales declining 6%, to $1.9 billion, but beer depletions (sales to retailers) increasing 5.6%, Brewbound reported on July 1.
The Mexican government threw the beer, wine and spirits company a curveball when it issued a decree on March 31 shutting down all non-essential business operations in the country, which included breweries.
The shutdown lasted more than 70 days, and Constellation Brands CFO Garth Hankinson said during a conference call for investors and analysts on Wednesday that the company expects wholesaler inventory to return to normal levels by the third quarter. Beer production has since resumed at normal levels in Mexico, but the reduction caused Constellation’s beer operating margin to increase 240 basis points, to 41.7%, Hankinson said. The company expects the unfavorable margins to continue into Q2.
Nevertheless, Newlands insisted that the company’s best-selling Mexican import brands — Corona and Modelo — will be available on shelves.
“Our belief is that our operations team is best in class, and we are doing everything we can do at the moment to expedite shipments from our breweries, through our distribution facilities, and out to our
...More info on site
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Canada, SK: Saskatchewan Liquor and Gaming Authority reduces some production taxes for larger regional breweries
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The Saskatchewan Liquor and Gaming Authority has reduced some production taxes for larger regional breweries that sell beer in the province, but rates for smaller craft brewers — who want their taxes dropped too — remain the same, CBC.ca reported on June 30.
Regardless of where they are located in Canada, breweries pay a production levy for every litre of beer they sell in Saskatchewan. The rate they pay is based on how much beer they make overall on an annual basis.
The more beer they produce, the higher the production tax they pay for every litre of beer they sell.
SLGA's decision to lower some production taxes will allow breweries to produce more beer at a lower rate.
"The changes were made to position growing medium-sized breweries to continue to increase production without being subject to the markup rate of national brewers," said SLGA in an emailed response to questions.
The change, which was announced to brewers on June 15 and comes into effect on July 1, applies to regional brewers such as Great Western Brewing Company in Saskatoon.
The production tax is set within three categories: small or craft breweries, regional breweries and national or international brewers.
Under the current
...More info on site
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Canada & China: Canadian barley shipments boosted by China’s feud with Australia
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China’s thirsty beer markets are fueling a surge in Canadian barley shipments amid the Asian nation’s feud with Australia, the Yahoo Canada Finance reported on July 3.
Canadian shipments of barley to China rose in May as the Asian nation slapped anti-dumping duties on the grain from Australia, its top supplier. Canada exported 175,500 tons of barley to China in May, up 38% from a year earlier, according to the Canadian Grain Commission.
The number of acres allocated to barley in Canada is set to rise to the highest in more than a decade in 2020 and any additional output could be absorbed by demand from China’s beer and livestock industries, said Errol Anderson, president of ProMarket Communications in Calgary. Canada is one of the world’s major barley producers and among the top exporters.
“Unfortunately, what’s happening to Australia will benefit Canada,” Anderson said by phone. “If China comes into the market, really those additional acres will be absorbed easily.”
Canada, the second-largest malt-barley exporter to China, had already been trying to gain a bigger share of China’s beer market from Australia. The northern nation’s barley has higher protein than crops from Australia and that quality helps in fermentation to give beer more body
...More info on site
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USA, OH: Southern Ohio Brewing to open its doors to the public on July 4
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The Dayton area's newest craft brewery, Southern Ohio Brewing, will open its doors to the public this Saturday, July 4, in Beavercreek, Dayton.com reported on July 2.
The new brewery has been in the works for more than a year at 818 Factory Road, along the Miami Valley Bike Trails Creekside path just north of U.S. 35. Co-founder James Williams and members of his family were busy putting the finishing touches on the brewery’s tap room earlier this week. The renovation was extensive. “We took the building to its bare walls,” Williams said.
The building and surrounding two-acre parcel previously housed Banjara Banquet Center and All In One Banquet Center, as well as a Factory Lighting Outlet store. It opened in the 1970s as the Beaver Valley Golf Center, with miniature golf, a driving range, batting cages and a game room.
Southern Ohio Brewing’s hours for now will be 4 p.m. to 8 p.m. Thursday, 4 p.m. to 10 p.m. Friday, and noon to 8 p.m. on Saturday and Sunday. Reservations are recommended and can be made on the brewery’s web site; walk-up customers will be accommodated if there is room. Space will be limited because of social distancing.
“This is not the
...More info on site
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USA, VA: Selvedge Brewing to open its doors on July 3
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A major transformation of Charlottesville’s Woolen Mills area is seeing the first fruits of its labor.
An Albemarle County brewery is opening its doors for the first time, as other businesses just begin to reopen during the pandemic, WVIR reported on July 1.
Selvedge Brewing is the first to open its doors to the public on the newly renovated property. However, it was no easy task as it took three years and overcoming the obstacle of COVID-19 to finally get to this point.
“This past month has been a roller coaster, that’s for sure,” said Partner and COO of The Wool Factory Dan FitzHenry.
For FitzHenry, the grand opening of the brewery did not quite go according to plan.
“This is three years in the making, plus about three months, because of COVID,” he said. “Today’s just utter elation and excitement.”
The Wool Factory, containing Selvedge and other venues, is a restoration of the old Woolen Mills textile factory. In addition to Selvedge Brewing, a couple other spots at the factory will open soon. The Workshop will open its doors to the public for the first time on Friday, July 3.
Broadcloth, a more intimate restaurant, is still deciding when it will open.
“We have plenty of space
...More info on site
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USA, CA: Simply Brewing Co. gets permit to open in downtown Visalia
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Opening a bar during a pandemic might not be the best option, but it is at least an option for one Visalia homebrewer who has finally been granted a permit in downtown, the Sun Gazette reported on July 1.
Justin Cate, a local paramedic who has been home brewing his own beer for the better part of two decades, has been given the green light to open his brewery Simply Brewing Co. at 609 E Main St. in the microbrewery district in downtown Visalia.
According to paperwork filed with the city, Simply Brewing Co. will only serve its own beers including ales, lagers and apple ales and will distribute its beers to local restaurants and stores. The 3,000 square foot brewery will be able to accommodate up to 95 people indoors. The brewery will be open seven days per week from 11 a.m. to midnight but only until 10 p.m. for patrons under the age of 21.
Cate could not be reached for comment as of press time, but did state the following in paperwork he filed with the city, “Our tasting room will become a preferred destination for local craft beer enthusiast, first responders and families because of our relaxed atmosphere and
...More info on site
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USA, TX: 4J Brewing Company launched by four sisters in Houston
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Four sisters have opened a brewery after their dad decided to teach them how to brew beer for fun. Jennifer Mathis and her three sisters, from Houston, Texas, used to make the drink at home in their spare time but have since turned professional, and serve their beer to hundreds of thirsty Texans, Metro reported on June 30.
Through years of ‘makin’ some and drinkin’ some for fun, Jennifer, 28 and her dad, Larry, 74, became so good at making beer they have taken their passion for ale to the next level. The father and daughter duo are now the proud owner and founder of the popular 4J Brewing Company – named after Navy veteran Larry’s four daughters, Jennifer, Jessica, 37, Jackie, 35 and Joanna, 33.
Jennifer, who co-owns and runs the business with her mom, Marilyn, 65, said: ‘My granddad and my dad have brewed beer as a hobby for years, and me and my sisters joined in to help out when we were growing up.
‘We loved sharing our home brews and used to take kegs over to parties and threw parties when we had beer to share, so that people could try them out too. We have
...More info on site
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USA, TX: Deep Ellum Brewing closes down Deep Ellum Funkytown Fermatorium brewpub in Fort Worth
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A Dallas craft beer brewer has closed down an outlet in Fort Worth: Deep Ellum Funkytown Fermatorium, a brewpub opened a year ago in Fort Worth by Deep Ellum Brewing Co., has shuttered, the CultureMap Dallas reported on July 1.
The owners say the closure was due in part to the coronavirus, but also to Texas' wanky alcohol laws.
"We were very excited to get up and running with our first location outside of our home in Deep Ellum," they say in a post. "Unfortunately, the last few months have presented many challenges and we have made the difficult decision to close this location."
The Fermatorium was a Deep Ellum Brewing Co. spinoff that opened in March 2019. Founder John Reardon wanted to expand, and thought Fort Worth was the most logical first step.
Compared to the Dallas original, the Fort Worth location was more food-centric, with a kitchen and a bar. The menu included pizzas and delicacies such as doughnut holes for dessert.
But their opening was fraught: It was delayed due to a federal government shutdown, initially preventing them from hiring employees or selling beer.
The reasoning behind the closing is two-fold, Reardon says.
"The impact of the COVID-19 pandemic paired in part with our
...More info on site
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World: Beer category may rebound better than wine and spirits from the pandemic
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Drinks market analysts, IWSR, has predicted that the beer category may rebound better than wine and spirits from the COVID-19 pandemic, The Shout reported
...More info on site
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Vietnam: Vietnam to sell remaining 36% stake in country’s largest brewer Sabeco
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Vietnam’s government will sell its remaining 36% stake in the country’s largest brewer Sabeco by the end of this year, according to a government
...More info on site
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China: Craft beer market in China ‘underserved’
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There is a huge market for craft beer in China if brewers can solve the logistics issues, according to a leading Shanghai-based drinks consultant, the Australian Brews News reported on July 3.
Ian Ford, a partner in consultancy Nimbility, told James Atkinson on the Drinks Adventures podcast that the biggest beer market in the world in China is underserved.
“You absolutely have a significant proportion of those consumers who would like to drink craft beer. And they’re not being served,” Ford said, admitting he had looked into opening a brewery there.
“I’ve looked at this several times and to me there’s a massive market opportunity there that needs to get figured out.”
The interview highlighted the challenges facing the growth of craft beer in China with rigorous standards requiring brewers to achieve scale to package.
“To get a QA certificate and a QA licence to produce and bottle craft beer at a small scale is almost impossible,” Ford said.
“The requirements to be licensed to get what’s called a QS stamp, which basically certifies the product to be fit for human consumption and is required on packaged food and beverage products.
“To get that the scale of the brewery has to be massive relative to what a
...More info on site
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France: Winter barley showing extremely contrasting yields and good crop quality
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France's winter barley harvest is showing extremely contrasting yields and good crop quality, Reuters reported on July 3 citing grain group Soufflet.
"There are very
...More info on site
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UK: Malting barley crops look very promising south of M4 motorway
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Malting barley crops look very promising on the light chalkland south of the M4 motorway in southern England, with winter barley harvesting likely to start in earnest next week, Farmers Weekly reported on July 2.
Jonathan Arnold, trading director of grain merchants Robin Appel, says winter barley crops look very variable geographically, but the south of England had some rain in April and May which helped crops.
“I am seeing crops across Hampshire, Wiltshire and Dorset of Maris Otter and Craft and also feed barley of serious potential,” he tells Farmers Weekly.
Small pockets of feed winter barley on the lightest land have been cut, but combining of the old heritage malting variety Maris Otter and mainstream malter Craft along with feed barley is set to start in the next few days.
The group trades with 400-plus growers stretching from Cornwall to north Norfolk and from Hampshire up to Yorkshire, and Mr Arnold says he is seeing less variability in crops south of the M4 corridor.
He also reports good-looking spring barley crops and excellent winter wheat crops, especially on chalk soils in the area.
UK maltsters use about 1.9 mln tonnes of barley each year, but only a relatively small amount – about 250,000 tonnes
...More info on site
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