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E-Malt.com Newsletter 36a August 31 - September 02, 2020
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Currency Rates
Base Currency: US Dollar on September 02, 2020 |
Base Currency: Canadian Dollar on September 02, 2020 |
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1 USD = 0.8364 EUR
1 USD = 0.7456 GBP
1 USD = 1.3034 CAD
1 USD = 1.3541 AUD
1 USD = 105.8500 JPY
1 USD = 5.4355 BRL
1 USD = 73.6401 RUB
1 USD = 6.8252 CNY
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1 CAD = 0.7671 USD
1 CAD = 0.5720 GBP
1 CAD = 0.6416 EUR
1 CAD = 1.0388 AUD
1 CAD = 81.2000 JPY
1 CAD = 4.1697 BRL
1 CAD = 56.4910 RUB
1 CAD = 5.2358 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, NC: Hoptown Brewing slated to open in Mooresville later this year
...Click here
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USA, OH: Cincinnati's first minority-owned brewery Esoteric Brewing to open its doors on September 1
...Click here
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USA, TN: Marrowbone Creek Brewing Co. slated to open in Ashland City in November
...Click here
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USA, OH: Mount Vernon Brewing Co., Ltd. to open in Mount Vernon as soon as it gets its alcohol permit
...Click here
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USA, NY: Bellport Brewing Company almost ready to launch in Bellport Village
...Click here
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USA, ME: Three Tides and Marshall Wharf Brewing Co. reopens under new ownership
...Click here
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China: Tsingtao Brewery sees 13.8% first-half net profit increase despite drop in sales revenue caused by Covid-19
...Click here
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Vietnam: Beer consumption expected to improve in H2 2020 and next year
...Click here
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Vietnam: Ministry of Industry and Trade transfers state ownership in Sabeco to State Capital Investment Corporation
...Click here
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India: United Breweries expects further acquisitions and entry of new players in the Indian beer market
...Click here
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New Zealand: Beer consumption down in the year to June 30 because of Covid-19 restrictions
...Click here
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World: Worldwide hop crop expected at around 130,000 tonnes this year
...Click here
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World: Pernod Ricard takes a writedown of 1 billion euros in FY 2019/20
...Click here
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France: Winter barley harvest finished, spring progressing fast
...Click here
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China & Australia: China suspends barley imports from Australia’s largest grain exporter CBH Grain
...Click here
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Nigeria: Guinness Nigeria struggling to refinance foreign-currency loan
...Click here
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Japan & Taiwan: Kirin Holdings to export Japanese craft beer to Taiwan
...Click here
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China: Tsingtao Brewery shareholders sell 36 mln shares in the company
...Click here
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The Czech Republic: Beer prices across Czech Republic keep increasing
...Click here
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Guam: Ishii Brewing Co. to close its doors by the end of September
...Click here
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Vietnam: Government introduces fines for selling beer to people under 18
...Click here
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Graph of the Week
Table of the Week
EU Roasted Malt Exports
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
31 August
1895 - Thomas Edison patented his movie camera (Kinetograph)
1918 - Belgium starts paying old age pensions
1997 - Diana Spencer, princess of England, dies in car crash in Paris at 36
01 September
1905 - Alberta & Saskatchewan become 8th & 9th Canadian provinces
1923 - 7.9 earthquake strikes Tokyo & Yokohama, kills 142,000
1962 - UN announces Earth population has hit 3 billion
02 September
1930 - 1st non-stop airplane flight from Europe to US (37 hrs)
1941 - Film Academy copyrights Oscar statuette
1987 - Philips introduces CD-video
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
USA, NC: Hoptown Brewing slated to open in Mooresville later this year
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Husband-and-wife team Scott and Sandy Plemmons will tap into their love of craft beer with a $1.5 million brewery in Mooresville, WCOC Charlotte reported on August 30.
Hoptown Brewing is slated to open later this year. The venture sits on a 1.3-acre parcel at 107 Plantation Ridge Drive. It is part of the high-density Morrison Plantation development.
“We went for the spot,” Scott says. “We just really want to have a deep sense of community.”
The goal is to build a place where neighbors come to hang out; over 2,000 homes are within walking or biking distance.
Hoptown makes Scott’s successful nanobrewery into a larger — and potentially scalable — operation.
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USA, OH: Cincinnati's first minority-owned brewery Esoteric Brewing to open its doors on September 1
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Cincinnati's first minority-owned brewery, which aims to elevate the craft beer experience to something akin to visiting a winery or distillery, has set an opening date for its Walnut Hills taproom, WKRC TV Cincinnati reported on August 27.
Esoteric Brewing, inside of Model Group's $20 million Paramount Square development at 918 East McMillian St., will open its doors to the public on Sept. 1, with a grand opening celebration to be held over Labor Day weekend.
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USA, TN: Marrowbone Creek Brewing Co. slated to open in Ashland City in November
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Ashland City is slated to land its first craft beer business, with the Marrowbone Creek Brewing Co. taproom and retail sales space to open in November, the Nashville Post reported on August 28.
To be located at 240 S. Main St. in a vintage bow-truss building once home to a small auto dealership, Marrowbone Creek will join Flytes Brewhouse in Pleasant View as Cheatham County’s two breweries. Julie Morris, Chris Morris and Ryan Jensen own the business, with Chris Morris telling the Post the plan is to first open the taproom and then, in a second phase penciled in for March, open the rear of the building featuring the brewery itself and a community space available for private events. To offer a beer garden vibe with outdoor spaces, that component will supplement the indoor taproom, he said.
Morris, who is married to Julie, said the taproom will have at least eight beers, including an IPA, a Belgian style, a porter, a stout,
Morris said the team plans to name one of its beers after Ashland City-based attorney Jennifer Noe, who spearheaded the legal effort to modify the county’s beer codes to allow for breweries with less strict food requirements. He said the likely
...More info on site
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USA, OH: Mount Vernon Brewing Co., Ltd. to open in Mount Vernon as soon as it gets its alcohol permit
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A new brewery in Mount Vernon will be opening once its alcohol permit is obtained, and the owners say the business is the culmination of several years of planning, the Mount Vernon News reported on August 29.
Steve and Tina Ballantyne, owners of the Mount Vernon Brewing Co. Ltd., have been hard at work putting the finishing touches on the brewery so that it will be ready once the permit comes in. The COVID-19 pandemic has delayed the permit’s issuance.
The Ballantynes enjoyed visiting breweries and trying new beers and hoped to start their own one day, they said.
“Tina and I started visiting breweries several years ago, mostly in the Columbus [Ohio] area,” Steve told the News. “We really enjoyed the experience of trying new beers and comparing notes. It wasn’t long before we started talking about things we really liked about a place, or things we would have done differently. That led to a pipe dream that we would start our own one day.”
They started planning to open their own brewery approximately three years ago, but they had a difficult time obtaining a small business loan because the larger banks didn’t want to fund such a small business.
“We ended up going
...More info on site
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USA, NY: Bellport Brewing Company almost ready to launch in Bellport Village
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Brian Baker’s dream of starting his own brewing company on Long Island started in 2013, and it has been quite the journey, GreaterPatchogue reported on August 28.
After seven years, he now finds himself about 60 days from opening Bellport Brewing Company in the heart of Bellport Village. The brewery will launch at 14 Station Road, in the former Rooster’s Cafe.
“We are super excited to be involved with the Village of Bellport,” said Baker, owner of Bellport Brewing Company. “These people are so passionate, with the businesses that are there, the food that is there, working with the village is just an easy treat to deal with, so we are blessed, there is no question about it.”
Baker said his journey with beer started with the Long Island Beer and Malt Enthusiasts, also known as LIBME, who are homebrewers.
They know how to brew, make a product, and have an overall appreciation for beer, and Baker admired that.
“I got involved with brewing then, and it was something that I loved and was really into,” Baker said. “It got to the point of, you know what, I’m going to stop buying beer and start making my own beer — it’s
...More info on site
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USA, ME: Three Tides and Marshall Wharf Brewing Co. reopens under new ownership
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Three Tides and Marshall Wharf Brewing Co., a beloved watering hole and craft brewery that shuttered abruptly nearly a year and a half ago, has reopened under new ownership in Belfast, the Bangor Daily News reported on August 29.
“We’re just so happy,” Debbie Murphy of Belfast, who stopped by to admire the beer garden, said on August 28. “This is beautiful.”
Dann Waldron and Kathleen Dunckel purchased the brewery in January less than 48 hours before it was sold at a foreclosure auction. They were busy — and smiling — on Friday, August 28 as they worked in the beer garden on the first official day of business.
Since January, the couple has worked to bring the brewery and brew pub back to life. The beer garden has new tables, a sail for shade and a redone chiminea. Customers can sip beer, wine and cider while gazing out at Belfast Harbor, just as they used to do in years past.
Some things are different because of the pandemic — bocce and cornhole are both on hold for the moment, Waldron said, and they are still in the market for food trucks to serve customers. But the feel of the place is largely the
...More info on site
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China: Tsingtao Brewery sees 13.8% first-half net profit increase despite drop in sales revenue caused by Covid-19
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Tsingtao Brewery Co., Ltd., one of the top breweries in China and maker of Tsingtao Beer, reported a 13.8 percent increase in net profit
...More info on site
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Vietnam: Beer consumption expected to improve in H2 2020 and next year
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Vietnam’s beer consumption in the second half of the year is expected to improve over the first six months, while next year the beer
...More info on site
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Vietnam: Ministry of Industry and Trade transfers state ownership in Sabeco to State Capital Investment Corporation
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The Ministry of Industry and Trade late last week transferred the State ownership in Saigon Beer Alcohol Beverage Corp (Sabeco) to the State Capital Investment Corporation (SCIC), the Vietnam News/ANN reported.
The value handed over to SCIC was more than VNĐ2.3 trillion (US$99.3 million), accounting for 36 per cent of Sabeco’s charter capital, or more than 230 million shares.
Sabeco has become the first enterprise to complete such a transfer among 14 companies that must transfer State capital to SCIC before Aug 31 according to a prime minister decision issued in June.
Up to now, SCIC has taken over VNĐ21.9 trillion ($945.3 million) in State capital in 1,068 enterprises.
After the transfer, SCIC will have to divest all State capital from Sabeco in accordance with the Prime Minister decision.
Speaking at the handover ceremony on Friday, Deputy Minister of Industry and Trade Cao Quoc Hung said the transfer will not interrupt production or business activities of Sabeco and will comply with the current regulations.
Meanwhile, SCIC Chairman Nguyen Duc Chi said SCIC would create the best possible conditions for Sabeco to continue to grow, bringing investment efficiency to all shareholders, including state shareholders.
Thailand’s Thai Beverage Public Co. Ltd. (ThaiBev) currently owns 54 per cent of Sabeco
...More info on site
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India: United Breweries expects further acquisitions and entry of new players in the Indian beer market
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Over 30 per cent of the total population in India comprises youth, and beer consumption is increasingly becoming part of their social interactions, the
...More info on site
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New Zealand: Beer consumption down in the year to June 30 because of Covid-19 restrictions
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Kiwis drank 125.2 million litres of beer in the year to June 30, but that was 8 million litres less than year ago as
...More info on site
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World: Worldwide hop crop expected at around 130,000 tonnes this year
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As a result of a further acreage expansion in 2020 (the decisions for expansion having been made prior to the outbreak of Covid-19) and
...More info on site
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World: Pernod Ricard takes a writedown of 1 billion euros in FY 2019/20
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French spirits maker Pernod Ricard took a writedown of 1 billion euros ($1.19 billion) in full financial year 2019/20, as the coronavirus-led shutdown of bars and restaurants in most of its markets hit the company's sales and profits, Yahoo Finance reported on September 2.
For the year ahead, the owner of Mumm champagne, Absolut vodka and Martell cognac, predicted a prolonged downturn in travel retail but sees resilience in sales to supermarkets in the United States and Europe and a sequential improvement in China and India.
Pernod Ricard, the world's largest spirits maker after Diageo, said profit from recurring operations fell 13.7% on an organic basis to 2.260 billion euros ($2.69 billion) in the year ended June 30.
This compared with the company's July revised guidance for a 15% decline.
The stronger performance reflected tight cost control and better-than-expected spirits sales to supermarkets in the United States and Europe during the fourth quarter.
Pernod Ricard's impairment charge follows those of other alcoholic beverage makers, Diageo, AB InBev and Heineken.
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France: Winter barley harvest finished, spring progressing fast
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France’s winter barley harvest is finished with disappointing yields, AGRESTE puts the crop at 7.8 mln tonnes, 1.45 mln tonnes less than last year.
...More info on site
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China & Australia: China suspends barley imports from Australia’s largest grain exporter CBH Grain
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China said on September 1 it had suspended barley imports from Australia’s largest grain exporter, a ruling that threatens to inflame bilateral tensions, Reuters reported.
China’s General Administration of Customs said barley shipments from CBH Grain would be halted after pests were found on multiple occasions, the administration said on its official WeChat account.
Representatives for CBH Grain did not immediately respond to requests for comment.
While Beijing’s ruling on CBH Grain did not essentially affect trade after the imposition of more than an 80% tariff on Australian barley earlier this year, it cast a shadow over Australian exports to China.
“It is a signal, showing that Australian firms will be in an unfavourable situation. People will be rather cautious when buying Australian goods now,” said a China-based grains trader, who declined to be named as he was not authorised to talk to the media.
CBH - a cooperative of farmers - is Australia’s largest grain exporter, regularly selling millions of tonnes of wheat, barley and canola to Asia and the Middle East.
Australia is expected to produce about 10.6 million tonnes of barley this year, with CBH on course to handle about 30%.
China had until recently bought as much as 70% of Australia’s barley exports.
...More info on site
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Nigeria: Guinness Nigeria struggling to refinance foreign-currency loan
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Diageo Plc’s Nigeria unit said it’s struggling to refinance a foreign-currency loan and trim costs following a shortage of dollars in Africa’s largest economy, Bloomberg reported on August 28.
Guinness Nigeria Plc is weighing options to manage a $23 million debt as a lack of liquidity in the local foreign-exchange market has made it difficult to refinance, Stanley Njoroge, finance and strategy director, said on an investor call in Lagos on August 28.
“We will want to refinance it but there is no foreign currency in the market at the moment,” he said.
The brewer of Guinness Stout is looking to roll over the loan which matures in May next year, but is yet to decide whether to keep it as a dollar debt or convert to a local-currency loan. Nigeria’s second largest brewer’s outstanding debt rose 16% to 23.2 billion naira ($60 million) as of June compared with a year ago, while finance costs rose 74% to 4.5 billion naira.
Nigerian companies are struggling to access the greenback after a slump in oil prices cut export earnings, putting pressure on the central bank’s capacity to meet dollar obligations to investors and businesses. “Foreign exchange is a big concern for us,” Njoroge said.
Guinness Nigeria
...More info on site
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Japan & Taiwan: Kirin Holdings to export Japanese craft beer to Taiwan
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Kirin Holdings will export Japanese craft beer to Taiwan within the year, tapping into a growing market driven by younger drinkers, the Nikkei Asian Review reported on August 29.
Five styles of the Spring Valley Brewery brand will be offered in pours of slightly less than 300 ml for around 180 New Taiwan dollars ($6), a slight premium over drinks from leading local brewers. The beer will be available at about 100 eateries of various types, not just those serving Japanese food.
With the coronavirus tamed in Taiwan, demand for beer and other alcoholic beverages at restaurants is steadily recovering.
Craft beer made up 5% of Taiwan's broader beer market in 2019, growing nearly 1 percentage point in five years. Imports from the U.S., Europe and elsewhere account for about 30% of the beer market, with younger drinkers seeking out new products. The craft segment on the island has more than 20 players.
By contrast, craft beer's share remains under 1% in Japan's beer market.
Kirin serves its mainstay Ichiban Shibori lager at about 350 restaurants in Taiwan, where it has 20 to 30 sales representatives. They will be responsible for marketing the Spring Valley Brewery brand as well. If it sells there, the Japanese
...More info on site
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China: Tsingtao Brewery shareholders sell 36 mln shares in the company
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Several shareholders of Tsingtao Brewery have sold 36 million shares in the company at HK$68.10 per share, a 3.5 percent discount from the previous closing price, Bloomberg reported on September 1 citing transaction filings.
The sellers include Fosun International (0656), Star Insurance and China Momentum Investment, according to the reports. Shares of the beer maker dropped by 6.7 percent before paring the loss to 4.53 percent, trading at HK$67.40 as of 1:45 pm.
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The Czech Republic: Beer prices across Czech Republic keep increasing
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Price of beer across the Czech Republic has been increasing, and shows no signs of slowing down, Expats.cz reported on September 1.
Plzeňský Prazdroj, a popular brewery in Plzen and the market leader, announced their standard increase in prices this week. It’s likely that other, smaller breweries will follow in their footsteps.
But despite rising prices, Czech residents continue to consume beer. In 2019, according to data from Eurostat, Czech breweries produced more than 29.2 billion crowns worth of beer.
Ten years earlier, in 2009, the total value of beer produced in the Czech Republic was 26.6 billion crowns.
Non-alcoholic beer has become a growing part of the beer market, as well. In 2014, the value of the non-alcoholic beer market was just 870 million crowns. By 2019, it had grown to 1.85 billion crowns. The value of the production rose from 3.2 percent in 2014 to 6.3 percent in 2019.
Czechs have been shifting to non-alcoholic beer choices as they become more health-conscious; non-alcoholic beer represents a less-harmful option to their traditional favourite choice. As the market grows, the non-alcoholic beer options continue to taste more and more like normal beer, too.
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Guam: Ishii Brewing Co. to close its doors by the end of September
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Ishii Brewing Co., the maker of Minagof beers, is closing its doors by the end of September after 10 years of producing specialty beers on Guam, The Guam Daily Post reported on September 1.
It's the latest in a string of businesses the COVID-19 pandemic has forced to close, with tourism at a standstill and unemployment at a staggering rate.
The brewery's signature Minagof, the CHamoru word for "happiness," is a craft beer especially made for Guam by Toshiyuki Ishii.
"We have been having a hard time and struggling for 10 years already and now we are closing," co-owner Yukiko Ishii said in an email response to The Guam Daily Post.
It's a "hard decision to close the beer business," the Ishiis said on their social media page. "Thank you so much for your patronage over 10 years."
The brewery's distinct beers are the Minagof Pale Ale, Minagof India Pale Ale, Minagof Smoked Porter, Minagof Green Tea IPA and Minagof White IPA.
"We have been trying to spread the value of 'Made in Guam product' locally, but it was much harder than expected," Toshi and Yukiko Ishii said. "Under this pandemic, we truly realized how our sales depended on tourists."
But still, they said, "some local
...More info on site
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Vietnam: Government introduces fines for selling beer to people under 18
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People selling beer to those under 18 will be fined VND500,000-1 million ($22-43) under a government decree that takes effect on October 15, VnExpress International reported on August 31.
A 2013 decree sanctioned only the sale of alcohol to underage people and not beer.
Beer establishments need to put up notices saying "Not to sell beer to people under 18 years old." Sellers are responsible for checking the age in case of suspicion a buyer might be underage.
The fines go up to VND3-5 million for selling alcohol and beer through vending machines or at banned locations such as educational and recreational establishments for people under 18.
Those hiring employees under 18 for the production and sales of alcoholic drinks will also be fined VND3-5 million.
The new decree comes in the wake of a law on mitigating the harmful effects of alcohol that took effect this year, stiffening penalties for drunk driving.
Last year Vietnam consumed more than 4.6 billion litres of beer, an increase of more than 10 percent from 2018.
The country spends an average $3.4 billion on alcohol each year, translating to $300 per capita, while spending on related health problems averages $113, according to the Ministry of Health.
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