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E-Malt.com Newsletter 28b
July 09 - July 12, 2020
Quote of the Week
Beer, if drunk in moderation, softens the temper, cheers the spirit and promotes health.
Thomas Jefferson
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Currency Rates
Base Currency: US Dollar
on July 10, 2020 |
Base Currency: Canadian Dollar
on July 10, 2020 |
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1 USD = 0.8832 EUR
1 USD = 0.7920 GBP
1 USD = 1.3534 CAD
1 USD = 1.4335 AUD
1 USD = 107.2500 JPY
1 USD = 5.3342 BRL
1 USD = 70.9204 RUB
1 USD = 6.9901 CNY
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1 CAD = 0.7388 USD
1 CAD = 0.5851 GBP
1 CAD = 0.6525 EUR
1 CAD = 1.0590 AUD
1 CAD = 79.2300 JPY
1 CAD = 3.9406 BRL
1 CAD = 52.3921 RUB
1 CAD = 5.1639 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, TN: Curio Brewing Company opens its doors for business
...Click here
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USA, MO: Prehistoric Brewing Co already open in Springfield
...Click here
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USA, NY: Prison City Brewing developing its second brewery in Auburn
...Click here
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USA, FL: Mad Robot Brewing Company to close its doors permanently
...Click here
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USA, CA: Oackland’s Independent Brewing Company announces permanent closure
...Click here
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World: Latest beer sales statistics show declining volumes
...Click here
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World: Carlsberg reports 14.6% second-quarter group revenue decline
...Click here
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Japan: Sales of beer and beer-like drinks fall in the first half from a year earlier
...Click here
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World: World crops and consumption not that impacted by Covid-19 pandemic yet
...Click here
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UK: Winter barley area decreases, spring barley dramatically up this year
...Click here
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India: Miadiamante Foods & Beverages acquires majority stake in craft brewer Independence Brewing Company
...Click here
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South Africa: Craft brewers plead for support from state
...Click here
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South Korea: More and more Koreans cracking open a non-alcoholic beer this summer
...Click here
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Graph of the Week
Table of the Week
Canada Unroasted Malt Exports 2016 - 2019
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
09 July
1815 - 1st natural gas well in U.S. is discovered
1875 - The Bombay Stock Exchange is founded in Bombay (now Mumbai), India
1953 - 1st helicopter passenger service, New York City
1957 - Announcement of discovery of atomic element 102 - nobelium
10 July
1933 - 1st police radio system operated, Eastchester Township, New York
1949 - 1st practical rectangular TV tube announced-Toledo, OH
1958 - 1st parking meter installed in England (625 installed)
2000 - EADS, the world's second-largest aerospace group is formed by the merger of Aerospatiale-Matra, DASA, and CASA
11 July
1934 - FDR became 1st pres to travel through Panama Canal
1962 - 1st transatlantic TV transmission via satellite (Telstar I)
1972 - The first game of the World Chess Championship
1985 - Coca-Cola announces the return of Coke Classic after the company had tried displacing the old formula with New Coke
12 July
1793 - The world's first optical telecommunications network is launched
1854 - George Eastman is born, future founder of "Kodak"
1859 - Paper bag manufacturing machine patents by William Goodale, Massachusetts
Agenda
July 2020:
29 - 31: Beviale Mexico 2020 (Guadalajara, Mexico)
30 - 01 August: Korea International Beer Expo 2020 (Seoul, South Korea)
September 2020:
02 - 05: Expo Trade, Brewers Conference & Mar del Plata Beer Week 2020 (Mar del Plata Argentina)
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 Online 2020 (Online)
18 - 08 October: WBC Connect 2020 (Online)
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)
16 - 17: Great American Beer Festival 2020 (Online)
19 - 20: Planete Biere 2020 (Paris, France)
21 - 24: Beer 2020 (Sochi, Russia)
23 - 25: Cerveza Mexico Expo 2020 (Mexico City, Mexico)
26 - 28: VLB Brewing Conference 2020 (Leipzig, Germany)
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 - 22: Mondial de la Biere Rio 2020 (Rio de Janeiro, Brazil)
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)
March 2021:
23 - 25: Beviale Moscow 2021 (Moscow, Russia)
May 2021:
17 - 23: Budapest Beer Week 2021 (Budapest, Hungary)
June 2021:
13 - 15: Bangkok Brewing Conference 2021 (Bangkok, Thailand)
15 - 17: Brasil Brau 2021 (Sao Paulo, Brazil)
News Articles
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USA, TN: Curio Brewing Company opens its doors for business
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The anticipated wait is over – Curio Brewing Company, located at 216 Noah Drive in Franklin, has opened its doors for business, the Williamson Source reported on July 10.
From Turtle Anachary, Mantra Ales, and most recently Mill Creek, 216 Noah Drive has seen its sharing of brewing companies. Curio Brewing Company offers day to night drink offerings from cold brew to beer.
Curio Brewing Company, a name inspired by the curiosity of brewing coffee and beer for the community to love, will offer a wide variety of cold brews and they are developing a coffee soda, a new coffee trend. Partners, David Morris and Alex Wigton wanted to have a place where you can gather from morning to evening. Morris was previously a roaster at Honest Coffee Roaster and has continued with his coffee journey and will be roasting coffee for the new shop.
Wigton says they will be open with limited hours serving coffee right now. “The goal is by Wednesday we will have beer (other local) to start opening up the taproom.” Cold Brew should also be ready by next week, Wigton says.
When customers come to visit Curio Brewing Company, they will find a remodeled taproom with bright colors focusing
...More info on site
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USA, MO: Prehistoric Brewing Co already open in Springfield
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Craft breweries in Springfield hit double digits with the June 5 opening of Prehistoric Brewing Co. LLC, the Springfield Business Journal reported on July 7.
The 10th local brewery is in the Plaza Shopping Center at 1816 S. Glenstone Ave.
Charley Norton, who co-owns the venture with Keith Davis, said they invested around $500,000 to startup, and the space includes a viewing area to observe the brewing process.
Construction and COVID-19-related restrictions delayed opening the 3,500-square-foot brewery, Norton said. Occupancy limits are currently being observed amid the coronavirus pandemic.
Norton said they plan to have an outdoor seating area complete within a few months.
The owners are on a five-year lease for an undisclosed rate with KPAC Registered LLLP.
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USA, NY: Prison City Brewing developing its second brewery in Auburn
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Prison City Brewing is developing its second brewery in Auburn, New York, US. The new brewery location will support the growth of the company, while expanding production, the Drinks Insight Network reported on July 8.
The ground-breaking ceremony of the new location was held in October 2019 and brewing operations are expected to start in late July 2020. Estimated to involve an investment of $4.25 mln, the project will create 25 jobs.
Prison City Brewing was assisted by Cayuga Economic Development Agency (CEDA) in submitting Community Development Block Grant (CDBG) loan applications through the City of Auburn and Cayuga County. CEDA is also supported by the New York State Consolidated Funding Application and the identification of the new brewery location. The project received ESD / AIDA tax benefits worth $900,000.
The brewery site is located at 251 North Street in Auburn, Cayuga County. Spread across an area of 14,000ft², the brewery will include a production facility, a tasting room and a restaurant.
The new facility will expand Prison City Brewing’s production from 900 barrels to 10,000 barrels a year.
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USA, FL: Mad Robot Brewing Company to close its doors permanently
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Mad Robot Brewing Company will be closing its doors permanently during the COVID pandemic, The Boca Raton Tribune reported on July 9.
The Robot brewery located on 2621 N Federal Hwy in Boca Raton is popularly known as a hub for burlesque shows, Drag Queen bingo, and even rare Belgian beer tastings.
They also featured small bites and over 30 varieties of teas, wines as well as over 40 hookah flavors for customers.
All that came to an end when they announced on July 6 on their Facebook page that they were shutting down.
“It is with a heavy heart that I have to announce that we are closing our doors for good. On behalf of the Robot family, I want to thank every person who ever bought a beer from us for their support.”
The brewery was started in 2018, by owners and founders Allen Steen and Ryan Sentz who saw the potential of the quirky establishment to become a hangout spot for comedians and musicians.
Every Tuesday is when they held “Open Jam Night” for musicians and every Wednesday they had an “All Arts Open Mic Night”, which for Boca Helping Hands for families in need.
But business slowed
...More info on site
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USA, CA: Oackland’s Independent Brewing Company announces permanent closure
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Before Independent Brewing Company was founded on July 4, 2013, there were no breweries in Jack London Square. Today, the Oakland waterfront neighborhood is home to a growing number of small craft breweries including Federation Brewing and Original Pattern Brewing — but now, the oldest among them has announced it will not be able to survive the COVID-19 pandemic, SFGate reported on July 7.
"Today, on the seventh anniversary of our founding, with much mixed emotion, we are announcing the permanent closure of Independent Brewing Company at 444 Harrison Street," the brewery announced on its Facebook page on July 4. "The challenges of Covid-19 and an inability to find common ground on continuing our lease into the future have made it impractical to continue operations."
Owner Steve McDaniel cited a number of reasons for the brewery's closure, mostly relating to the lack of revenue over the past three months: Independent Brewing does not sell food, so it has not been able to reopen for outdoor dining, and they also do not have packaging capabilities, so they haven't been able to sell bottles or cans during the shutdown, either. They have also been unable to obtain any PPP loans or support from the
...More info on site
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World: Latest beer sales statistics show declining volumes
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China’s January-May beer sales amounted to 126.4 mln hl - 14% less than over the same period last year. The earlier January-April period showed
...More info on site
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World: Carlsberg reports 14.6% second-quarter group revenue decline
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Danish brewer Carlsberg reported on July 10 that its second-quarter group revenue declined 14.6 percent and total volumes declined 7.8 percent, both on organic
...More info on site
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Japan: Sales of beer and beer-like drinks fall in the first half from a year earlier
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Sales of beer and beer-like drinks by all four major Japanese brewers fell in the first half from a year earlier, affected by sluggish
...More info on site
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World: World crops and consumption not that impacted by Covid-19 pandemic yet
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The corona pandemic, affecting all sectors of the economy, has, however, no great impact on world crops and consumption yet, H. M. Gauger GmbH
...More info on site
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The Czech Republic: Beer sector sees slow recovery
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Czech breweries are counting the costs of the coronavirus crisis. During the state of emergency which closed some 50,000 pubs around the country, beer
...More info on site
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UK: Winter barley area decreases, spring barley dramatically up this year
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The Agriculture and Horticulture Development Board (AHDB) released the results of its spring planting and variety survey on July 8, Agriland reports.
According to AHDB,
...More info on site
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India: Miadiamante Foods & Beverages acquires majority stake in craft brewer Independence Brewing Company
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Miadiamante Foods & Beverages, a Nashik-based company, has picked up a majority stake in microbrewery company, Independence Brewing Company (IBC), one of the largest and oldest microbreweries in India. This is among a few transactions in the F&B space in India since the lockdown was announced, the Financial Express reported on July 10.
Miadiamante, promoted by Krishen Lal Khanna and Anirudh Khanna, acquired a majority stake in IBC from Indus Brew LLC, a US-based entity. Co-founded by Shailendra Bist, majority of the stake in IBC was previously owned by Indus Brew LLC, Greg Koch (co-founder, Stone Brewing Company) and Avanish Vellanki (co-founder & CEO, Rain Therapeutics).
IBC is widely present across Mumbai and Pune through its outlets and beer distribution business and its revenues were at around $2 million in FY20.
While Miadiamante has purchased a majority stake, founder Bist will continue to own a minority stake and invest efforts in growing the business further. What was previously a US-based LLC has now been converted into an Indian family-owned company, which will run the business.
Mihir Mehta, SVP, Ashika Capital, which facilitated the deal, said the ongoing pandemic had affected the economy drastically with the F&B sector being one of the worst-affected. “Firms should
...More info on site
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South Africa: Craft brewers plead for support from state
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Only 10% of South African craft brewers believe they will be able to continue trading in the near future if the current restrictions on the trade of alcohol and the prohibition of on consumption sales continue. Seven breweries closed down in June, retrenching all their staff, Food For Mzansi reported on July 9.
Responses received from more than 100 breweries in a recent survey conducted by the Craft Brewers Association of South Africa (CBASA), shows that the industry suffered major blows resulting from covid-19 and the resulting economic lockdown.
The future of local craft beer is extremely volatile following a nine-week-long ban on the sale of alcohol and strict trading regulations. The industry has recorded alarming losses and has called on government to help give them a fighting chance of survival.
According to the survey seven breweries were forced to shut their doors permanently in June. More than half of the respondents indicated that their sales have decreased by between 60-100% since the start of lockdown, while 24% indicated that their sales dropped by between 90-100%. A bulk (87%) of the brewers says they are currently unable to meet monthly expenses.
Early in May, Food For Mzansi also reported on the forced closure of
...More info on site
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South Korea: More and more Koreans cracking open a non-alcoholic beer this summer
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As the summer heats up, more and more Koreans are cracking open a cold one — a cold non-alcoholic beer that is, with sales of the alcohol-free drinks shooting up so fast the growth rate is expected to overtake regular beer in the next few years, the Korea JoongAng Daily reported on July 9.
Recognizing the trend, beer manufacturers have jumped on the bandwagon, including Oriental Brewery that recently announced plans to release a non-alcoholic version of Cass, Cass Zero.
According to the Korea Agro-Fisheries & Food Trade Corporation last month, the global non-alcoholic beer market is projected to post annual growth averaging 23.1 percent every year from 2019 to 2024. The statistics is nearly seven times larger than the estimated 3.2 percent growth for the regular beer market.
Last year, the market value of non-alcoholic beer in Korea was estimated at about 10 billion won ($8.3 million), which only accounts for around 0.25 percent of the total beer market, at 4 trillion won.
The non-alcoholic beer market has been growing rapidly this year. Sales of alcohol-free beer in the first half of the year increased 22.7 percent, not significantly different from the regular market. According to the report released
...More info on site
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