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E-Malt.com Newsletter 35a
August 24 - August 26, 2020
Quote of the Week
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Bonnie Blair
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Currency Rates
Base Currency: US Dollar
on August 26, 2020 |
Base Currency: Canadian Dollar
on August 26, 2020 |
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1 USD = 0.8460 EUR
1 USD = 0.7621 GBP
1 USD = 1.3203 CAD
1 USD = 1.3929 AUD
1 USD = 106.2500 JPY
1 USD = 5.5812 BRL
1 USD = 74.8925 RUB
1 USD = 6.9112 CNY
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1 CAD = 0.7573 USD
1 CAD = 0.5772 GBP
1 CAD = 0.6407 EUR
1 CAD = 1.0548 AUD
1 CAD = 80.4700 JPY
1 CAD = 4.2267 BRL
1 CAD = 56.7169 RUB
1 CAD = 5.2339 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Japan & USA: Asahi to raise up to $1.5 bln in share offering to repay loans taken for CUB acquisition
...Click here
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USA: July marks second consecutive moth of increased yoy beer shipments
...Click here
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USA: 8 beer brand families surpass $1 billion mark in off-premise sales
...Click here
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USA, ND: Farmers face extra risk in switch to two-row barley
...Click here
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USA, PA: South County Brewing planning a 27,000-square-foot facility in York Township
...Click here
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USA, TX: Urban Jungle Brewing to become Austin’s first Black-owned brewery
...Click here
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Canada, AB: Alberta anticipating good barley crop this year
...Click here
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USA, NY: First Line Brewing now open in Orchard Park
...Click here
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USA, NJ: Ross Brewing Company to set up shop in Port Monmouth section of Middletown
...Click here
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USA, OH: Willoughby Brewing Company closes, perhaps permanently
...Click here
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EU: Barley production and consumption expected to decline in 2020/21
...Click here
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EU: Winter crop harvest winding down across much of Europe
...Click here
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World: Global cultivated hop acreage expected to reach its highest level since 1997
...Click here
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Russia & Ukraine: 2019/20 barley exports top 5 mln tonnes in Ukraine and 3 mln in Russia
...Click here
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Kenya: East African Breweries Limited reduces barley and sorghum orders due to Covid-19 pandemic
...Click here
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UK: Diageo says it’s committed to sourcing local malting barley
...Click here
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Graph of the Week
Table of the Week
Germany Hop Area and Production and Alpha Acid Output 2010-2020f
Barley Prices
Theoretical Malt Prices
These Days in Business History
24 August
1853 - 1st potato chips prepared by Chef George Crum (Saratoga Springs, NY)
1869 - Cornelius Swarthout patents waffle iron
1995 - Windows 95 debuts
25 August
1609 - Galileo demonstrates his 1st telescope to Venetian lawmakers
1900 - Friedrich Nietzsche philosopher, dies in Weimar, Germany
1956 - 1st non-stop transcontinental helicopter flight arrived Washington D.C.
26 August
1541 - Turkish sultan Suleiman occupies Budapest and annexes Hungary
1843 - Charles Thurber patents a typewriter
1880 - Guillaume Apollinaire was born, poet/movie critic (Alcoola)
Agenda
September 2020:
02 - 05: Expo Trade, Brewers Conference & Mar del Plata Beer Week 2020 (Mar del Plata Argentina)
05 - 05: Copa Cervezas de America 2020 (Award Ceremony) (Mar del Plata, Argentina)
11 - 13: The Great British Beer Festival 2020 (virtual) (Virtual)
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: 107 Brewing and Engineering Conference 2020 (Leipzig, Germany)
29 - 30: Sea Brew 2020 (Taipei, Taiwan)
30 - 01 November: Brussels Beer Challenge 2020 (Brussels, Belgium)
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)
18 - 22: Mondial de la Biere Rio 2020 (Rio de Janeiro, Brazil)
20 - 21: Beervana 2020 (Wellington, New Zealand)
25 - 27: Drink Japan 2020 (Tokyo, Japan)
December 2020:
09 - 11: Drink Technology India 2020 (Mumbai, India)
February 2021:
05 - 07: Finest Spirits 2021 (Munich, Germany)
09 - 13: Great British Beer Festival Winter 2021 (The New Bingley Hall, Birmingham, UK)
11 - 15: HoReCa 2021 (Athens, Greece)
21 - 24: Beer & Food Attraction 2021 (Rimini, Italy)
March 2021:
02 - 04: Beviale Mexico 2021 (Centro Citibanamex, Mexico City)
23 - 25: Beviale Moscow 2021 (Moscow, Russia)
29 - 01 April: Craft Brewers Conference & BrewExpo America 2021 (San Diego, California, USA)
April 2021:
08 - 10: Zurich Bier Festival 2021 (Zurich, Switzerland)
17 - 18: Zythos Beer Festival 2021 (Leuven, Belgium)
30 - 01 May: Tallinn Craft Beer Weekend 2021 (Tallinn, Estonia)
May 2021:
12 - 14: Craft Beer China 2021 (Shanghai, China)
17 - 23: Budapest Beer Week 2021 (Budapest, Hungary)
27 - 29: Copenhagen Beer Festival 2021 (Copenhagen, Denmark)
27 - 30: Wiener Bierfest 2021 (Vienna, Austria)
June 2021:
13 - 15: Bangkok Brewing Conference 2021 (Bangkok, Thailand)
15 - 17: Brasil Brau 2021 (Sao Paulo, Brazil)
July 2021:
13 - 15: Fdt Africa 2021 (Midrand, South Africa)
News Articles
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Japan & USA: Asahi to raise up to $1.5 bln in share offering to repay loans taken for CUB acquisition
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Japanese beverage maker Asahi Group Holdings said on August 25 it would raise up to $1.5 billion in a share offering to help repay
...More info on site
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USA: July marks second consecutive moth of increased yoy beer shipments
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July 2020 marked the second consecutive month of increased year-over-year shipments, according to the Beer Institute (BI), which shared unofficial estimates of domestic tax paid shipments compiled by the Alcohol and Tobacco Tax and Trade Bureau (TTB), Brewbound reports.
On the heels of shipping 16.6 million barrels of beer in June 2020, U.S. brewers shipped 15.1 million barrels of beer in July, a 1.9% increase compared to July 2019.
The latest shipment data again comes with an asterisk: The BI noted that estimates for March through July will likely be revised moving forward as the TTB has postponed for up to 90 days reporting requirements for filing and payment due dates on or before June 30.
As such, March 2020’s shipment data has been revised to include 200,000 additional barrels, which moved the month’s shipments into the black, with an increase of 130,000 barrels, up 09.% compared to March 2019. Previous estimates had March 2020’s numbers declining 0.5% (or 70,000 barrels).
Through the first seven months of 2020, U.S. brewers have shipped nearly 97.7 million barrels of beer, a decline of 0.7% (or 707,325 barrels). That’s a marked improvement from the early read on previous months.
As the numbers currently stand, U.S. brewers have shipped
...More info on site
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USA: 8 beer brand families surpass $1 billion mark in off-premise sales
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The top selling eight beer brand families have all surpassed $1 billion in sales at multi-outlet chain and convenience stores year-to-date, according to data shared by market research firm IRI, which includes sales data through August 9, Brewbound reported on August 24.
Those eight companies include:
• Anheuser-Busch InBev’s Bud brand family ($4.43 billion);
• AB InBev’s Michelob brand family ($1.884 billion);
• Constellation Brands’ Modelo brand family ($1.7 billion);
• Constellation Brands’ Corona brand family ($1.684 billion);
• Molson Coors’ Coors brand family ($1.64 billion);
• Molson Coors’ Miller brand family ($1.366 billion);
• Mark Anthony Brands’ White Claw brand family ($1.186 billion);
• And AB InBev’s Busch brand family ($1.007 billion).
Even with the uptick in off-premise sales for some of the biggest brands in the beer category, off-premise sales are still not enough to make up for the loss of on-premise sales at bars and restaurants nationwide, which closed during the spring and after reopening have slashed their capacity to accommodate social distancing.
Also of note in IRI’s list of the top 25 brand families:
• Boston Beer’s Truly Hard Seltzer has outsold the Heineken brand family for the first time in 2020, claiming the No. 10 spot on the top 25 list.
• Bud Light Seltzer cracked the top 25 brand families list in the data set that ended
...More info on site
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USA, ND: Farmers face extra risk in switch to two-row barley
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Eric Broten stands in a field of ripening two-row barley. From the road, the crop appears to be almost ready for harvest. But close up, a major concern becomes obvious: mixed in with the nearly mature main barley heads are numerous green tillers, or additional stems on the plants' main stalks, that have produced heads of their own, the Grand Forks Herald reported on August 24.
That creates a dilemma: If Broten waits too long to combine, some of the kernels from the main barley heads will fall off and be lost. But if he combines too early, the still-green tiller heads will complicate harvest and storage.
"Just tell me, how am I supposed to decide when to combine this?" he asks his visitors. "There's so much uncertainty and risk."
A little later, Broten stands in a field of six-row barley. Here, the barley heads' maturity is much more uniform, which promises an easier harvest.
"There's still risk (last-minute bad weather), but there's less that can go wrong," he says of the six-row barley field.
The contrast between the two fields reflects the challenges that face Upper Midwest barley farmers. For decades they've grown six-row barley that goes to make beer. That long experience plus
...More info on site
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USA, PA: South County Brewing planning a 27,000-square-foot facility in York Township
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One of southern York County's most notable craft breweries will be moving up north, the York Daily Record/Sunday News reported.
On Friday, Aug. 21, South County Brewing announced plans for a 27,000-square-foot facility near the Leader Heights exit in York Township, according to a press release.
The new two-story location will feature a full-service restaurant, music venue and outdoor space. South County will be relocating its brewing and distribution operations to the new location, which will feature a 30-barrel system and extended cellar space for barrel-aged products. Construction on the facility is expected to take 18 months and will add 25 new jobs.
“We wanted to make sure that moving forward we have the tools and capacity to continue to be successful. Offering an incredible destination experience will be key for our long-term success," the brewery's ownership said in a joint statement. "Our new home will allow us to create more unique offerings, increase efficiencies, and engage other passions such as bourbon and whiskey. In addition, having more cellar capacity will also allow us keep up with retail sales and help us fill market demand for packaged beer."
The Fawn Grove-based brewery opened in 2011 under founder and brewmaster JR Heaps. The Fawn
...More info on site
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USA, TX: Urban Jungle Brewing to become Austin’s first Black-owned brewery
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Austinite, homebrewer, and beer enthusiast Shannon Harris is aiming to open the first Black-owned brewery in Austin, along with co-owner and wife Tiana Harris. When Urban Jungle Brewing does eventually open, it will function as a brewery, bakery, farm, and even a horse rescue, found somewhere ideally in the North Austin area sometime in 2022, the Eater Austin reported on August 21.
Harris has been a longtime lover of beer and started getting more involved with the industry five years ago. He launched his own Instagram account, and worked on beer collaborations with breweries across the world, from California to Florida to Mexico to Africa.
Those include a Black Is Beautiful beer with Cedar Park brewery Red Horn Brewing, as well as one with Guinness Brewery’s Maryland location for Black-centered craft beer festival Fresh Fest Beer Festival. There’s a forthcoming one with Seattle-based brewery Fremont Brewing, where he also helped develop a diversity and inclusion program for BIPOC in the industry, which will launch next year. Likewise, he also has received numerous awards for his own homebrews.
The question Harris, who works in commercial real estate along with his wife, often received was: When are you going to start your own brewery? The
...More info on site
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Canada, AB: Alberta anticipating good barley crop this year
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Alberta farmers have begun harvest and, in many areas of the province, it looks to be a good year for a lot of crops including barley, Farms.com reported on August 24.
“We'll be looking at more than an average crop overall,” said David Bishop. He is the chair of the Alberta Barley Commission.
The latest crop report shows 77 per cent of the barley crop in the province rated in good to excellent condition. The average estimated yield is 70.4 bushel per acre.
Bishop has heard reports of at least 70 bushel per acre in the area he farms near Claresholm as well as much of the southern part of the province.
Unfortunately, however, some areas of Alberta aren’t looking as good, said Bishop.
“We're going to have a big year overall in most of the province except the (north and Peace River regions) that are too wet and there are some pockets that had lots of hail,” he told Farms.com.
Overall, though, the weather in Alberta this year was favourable, which is a nice change, said Bishop.
We are “really looking forward to harvest this year compared to the last couple years where it's been too dry,” he said. “We're a lot more optimistic this year
...More info on site
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USA, NY: First Line Brewing now open in Orchard Park
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A new brewery named to honor first responders is now open Orchard Park, the Spectrum News reported on August 23.
First Line Brewing is the first craft beer bar to open in the village. To honor first responders, each month a portion of profits will go to local and national charities.
The brewery offers a range of creative flavors such as fruity pebbles, citrus, chocolate, and blueberry muffin.
"We’ve been home-brewing for quite some time now and perfecting our recipes and we had our core recipes and then we were playing around with it brewing for on tap,” said owner Michael Maiorana. “We wanted to create different drinks that would cater to all people, all of their palettes so we have a nice range of beers that will serve a lot of people."
The brewing company is located at 4906 South buffalo Street in Orchard Park.
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USA, NJ: Ross Brewing Company to set up shop in Port Monmouth section of Middletown
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Sailing hasn't exactly been smooth for Ross Brewing in recent years, but the skies are starting to clear up for the Monmouth County craft beer operation, the Asbury Park Press reported on August 21.
It's been more than two years since the 2018 report on John Ross Cocozza's Ross Brewing Company and their plans to join Red Bank's booming craft beer scene — there already are three craft breweries and brew pubs in the town.
While Cocozza still plans on bringing his beers to local drinkers — including a core line-up of brews including the Navesink IPA, Shrewsbury Lager, Passaic Porter, Manasquan Wit and Raritan Red RyePA — the beer will no longer flow from the former fire house on White Street.
Instead, Ross Brewing Company will set up shop nearby in the Port Monmouth section of Middletown, with a goal of opening for the public by the spring of 2021, Cocozza tells us.
Cocozza, who signed the lease for the White Street space three years ago, said on August 19 that a number of issues resulted in the project not being able to get started in a timely fashion, and he expanded his search for an alternate space about a year ago.
The Port
...More info on site
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USA, OH: Willoughby Brewing Company closes, perhaps permanently
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Willoughby Brewing Company has closed, perhaps permanently, the latest casualty of the coronavirus shutdown, Cleveland.com reported on August 24.
Last week, customers noticed the doors on the business were locked and “for rent” signs posted on the windows. The brewery’s president said the closing was the result of a dispute with the landlord over late rent payments.
“We got behind in the rent as we were closed for a little over three months. We have been trying to catch up with limitations placed on us by the government mandates,” Rollin Cooke III said in a statement to cleveland.com.
The Willoughby Brewing Company, which opened in 1998 and is best known for its Peanut Butter Cup and Nut Smasher beers, shut down at the start of the pandemic and stayed that way for three months before reopening in June. Cooke said the rent was overdue by “a little over a month” when the landlord began harassing the staff and telling them to “pack up.”
“While we have not received an eviction notice, he has shut the water off from his inside location, even though we paid the water bill (and it is in his name) he has changed the locks keeping us from entering the
...More info on site
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EU: Barley production and consumption expected to decline in 2020/21
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According to the EU Commission’s July 30 Supply & Demand Balance estimate, the EU-27 barley output is expected to reach 54.101 mln tonnes in
...More info on site
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EU: Winter crop harvest winding down across much of Europe
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The winter-crop harvest is winding down across much of Europe, and it appears that wheat production has been the worst hit by the extremely
...More info on site
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World: Global cultivated hop acreage expected to reach its highest level since 1997
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Reports confirm that the global cultivated hop acreage will reach its highest level since the 1997 harvest. The world acreage for crop 2020 shows
...More info on site
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Russia & Ukraine: 2019/20 barley exports top 5 mln tonnes in Ukraine and 3 mln in Russia
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Barley exports in 2019/20 were 5.14 mln tonnes from Ukraine, and 3.6 mln tonnes from Russia. The new campaign started with 400 thousand tonnes
...More info on site
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Kenya: East African Breweries Limited reduces barley and sorghum orders due to Covid-19 pandemic
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The Covid-19 pandemic economic shocks is the reason East African Breweries Limited (EABL) has reduced orders for barley and sorghum from contracted farmers, The Standard reported on August 21.
In a statement to media houses on August 20, the brewer said the closure of on-trade outlets like bars, night clubs and restaurants, where beer made from barley and sorghum are consumed, has forced them to reduce the supplies they take from farmers this season.
"Our field extension officers contacted our registered farmers to notify them of this development," read the statement.
The company was quick to point out that though the coronavirus pandemic has affected business, it has taken measures to mitigate its impact on the contracted farmers.
"We have honoured all the contracts with the farmers in the financial year 2019-20, purchasing approximately 45,000 tonnes of barley and 32,000 tonnes of sorghum. We paid all farmers. In addition we will honour all barley and sorghum contracts issued in the current financial year (2020/2021) and pay all farmers once they harvest."
A section of farmers in Nakuru and Narok counties had expressed concerns that the company had declined to receive their harvest.
The company has, however, pledged to review its grain demand upwards once the economy
...More info on site
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UK: Diageo says it’s committed to sourcing local malting barley
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Drinks giant Diageo says it is committed to sourcing as much malting barley as possible from Scottish growers, The Courier reported on August 22.
The company made the comments after it emerged a shipment of Swedish malting barley, destined for Diageo, was unloaded in Montrose earlier last week.
Farmers took to social media to complain about the shipment, which follows many malting barley producers being told they may need to hold on to up to 20% of their contracted barley until March 2021 due to the implications of Covid-19 on grain storage.
The storage problem was blamed on reduced demand for malt following the downturn in production at distilleries and breweries during the coronavirus lockdown.
NFU Scotland’s combinable crops committee chairman, Willie Thomson, said farmers had contacted the union with concerns over the imported barley.
He said: “Reassurances are regularly sought and provided by the distilling sector that the maximum amount of its malting requirements continue to be sourced from Scottish growers.
“Honouring that commitment this harvest will be hugely important in a year when, because of last year’s awful autumn weather, spring barley plantings south of the border have soared.”
He added: “We are also aware that each year, small quantities of specialist varieties of barley
...More info on site
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