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E-Malt.com Newsletter 38b
September 17 - September 20, 2020
Quote of the Week
The only time you fail is when you fall down and stay down.
Stephen Richards
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Currency Rates
Base Currency: US Dollar
on September 18, 2020 |
Base Currency: Canadian Dollar
on September 18, 2020 |
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1 USD = 0.8471 EUR
1 USD = 0.7726 GBP
1 USD = 1.3200 CAD
1 USD = 1.3712 AUD
1 USD = 104.8000 JPY
1 USD = 5.2415 BRL
1 USD = 75.1124 RUB
1 USD = 6.7663 CNY
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1 CAD = 0.7575 USD
1 CAD = 0.5852 GBP
1 CAD = 0.6416 EUR
1 CAD = 1.0387 AUD
1 CAD = 79.3800 JPY
1 CAD = 3.9702 BRL
1 CAD = 56.8948 RUB
1 CAD = 5.1252 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Millennials driving recent growth of no- and low-alcohol beer category - Budweiser Canada
...Click here
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USA, NC: Petty Thieves Brewing Co. to open in Charlotte on September 19
...Click here
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USA, NY: Evil Twin Brewing to open second location in New York
...Click here
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USA, CA: South Los Angeles Beverage Company scheduled to open in Florence next year
...Click here
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USA, NV: Nevada Brew Works coming to Arts District in Las Vegas
...Click here
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USA, MI: Kalamazoo-based Tibbs Brewing Company to close down permanently
...Click here
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World: Carlsberg raises full-year earnings expectations
...Click here
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UK: Simpsons Malt planning new production facility in Scotland
...Click here
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Germany: Oktoberfest cancellation a blow for Germany's beer brewers
...Click here
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Australia & China: Australian farmers will be forced to target domestic market as China effectively bans imports from Australia
...Click here
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World: New record grain crop predicted for this year
...Click here
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EU: Barley exports to third countries total 1.358 mln tonnes by August 31
...Click here
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Belgium: Beer and fries production could be severely affected by climate change - report
...Click here
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Ireland: Barley imports down, malt up in January-July this year
...Click here
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UK: Malting barley shortage and good demand for feed-grade crop putting a base into prices
...Click here
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Ukraine: Barley export prices pushed up by Chinese demand
...Click here
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Graph of the Week
Table of the Week
Australian Malting Barley Exports by Destination
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
17 September
2000 - The International Monetary Fund issues its World Economic Outlook report, forecasting that "growth is projected to increase in all major regions of the world, led by the continued strength of the U.S. economy, the robust upswing in Europe, the consolidation of the recovery in Asia and the rebound from last year's slowdown in emerging markets." Just weeks later, most regions of the world are tilting toward recession
18 September
1837 - Tiffany and Co. (first named Tiffany & Young) is founded by Charles Lewis Tiffany and Teddy Young in New York City
1842 - 1st edition of Pittsburgh Post-Gazette is published
1851 - The first edition of The New York Daily Times, which later became The New York Times,is published
1955 - The Ford Motor Company produced its 2,000,000th V-8 engine on this day, 23 years after the first Ford V-8 was manufactured
19 September
1849 - 1st commercial laundry established in Oaklan, California
1854 - Henry Meyer patents sleeping rail car
1876 - 1st carpet sweeper patented (Melville Bissell of Grand Rapids, Mich)
1887 - Dr. Graham Edgar, developer of the octane rating system, was born in Fayetteville, Arkansas, on this day
1888 - World's 1st beauty contest (Spa, Belgium)
20 September
1519 - Portuguese navigator Ferdinand Magellan sets sail from Spain in an effort to find a western sea route to the rich Spice Islands of Indonesia
1839 - 1st railroad in the Netherlands opens (Amsterdam-Haarlem)
1877 - Chase National Bank opens in NYC (later merges into Chase Manhattan)
Agenda
September 2020:
18 - 08 October: WBC Connect 2020 (Online)
October 2020:
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)
26 - 28: 107 Brewing and Engineering Conference 2020 (Leipzig, Germany)
30 - 01 November: Brussels Beer Challenge 2020 (Brussels, Belgium)
November 2020:
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)
26 - 29: Stockholm Beer & Whiskey Tastings 2020 (Stockholm, Sweden)
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)
12 - 14: Cerveza Mexico Expo 2021 (Mexico City, Mexico)
21 - 24: Beer & Food Attraction 2021 (Rimini, Italy)
March 2021:
02 - 04: Beviale Mexico 2021 (Centro Citibanamex, Mexico City)
10 - 13: Festival Brasileiro da Cerveja 2021 (Blumenau, Brazil)
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)
20 - 23: Mondial de la Biere 2021 (Montreal, Canada)
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)
August 2021:
12 - 14: VIETFOOD & BEVERAGE - VIETNAM 2021 (Ho Chi Minh City, Vietnam)
News Articles
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Canada: Millennials driving recent growth of no- and low-alcohol beer category - Budweiser Canada
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Budweiser Canada revealed on September 16 that millennials are driving the recent growth of the no- and low-alcohol beer category, and the brand is introducing a new product – Budweiser Zero – to meet the demand.
According to consumer data, the 19-to-34-year-old age group – which includes millennials and older members of Generation Z – led all demographic groups in consumption volume of non-alcoholic beer including Budweiser Prohibition Brew, launched in 2016 as Budweiser Canada's first no-alcohol beer. Overall, 64% of no- and low-alcohol beer is consumed by those in the 19-to-34 bracket, with women most often choosing non-alcoholic beer as an alternative to sugary drinks while men see it as suitable for a variety of social occasions.
But, what's behind this trend? Research shows that it boils down to choice. Consumers – including both men and women in the 19-to-34 group – want more and better options, particularly when it comes to products that complement a balanced, healthy lifestyle. Under the current pandemic, our mental and physical health have never been more important, and millennials are taking control of their wellbeing and making positive choices.
"As a global leader in alcoholic beverages, we have an essential role to play in reminding Canadians
...More info on site
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USA, NC: Petty Thieves Brewing Co. to open in Charlotte on September 19
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Petty Thieves Brewing Co. is another brewery opening in Charlotte on September 19, the Charlotte Agenda reported on September 14.
Founders Ted Rosenau and Greg Calabria started in the industry like many brewery owners do, through home brewing. The colleagues-turned-friends have been brewing together for 15 years, selling their brews at pop-up markets across the city.
Opening a brick-and-mortar location has been a long time coming. Instead of buying a flashy space in South End, Rosenau and Calabria wanted to be closer to the city in the North End.
Petty Thieves is only a half-mile outside of Uptown making it one of the closest breweries to center city right now.
And instead of paying teams of builders, they did much of the construction themselves. “Everything besides the studs in the wall, we built,” Rosenau says. (They also got design help from Cluck Design.)
It’s all part of the “DIY” vibe they’re going for. Most of the furniture has been thrifted, and when I arrived a day ahead of their friends and family night last week, team members were power washing vintage patio chairs.
The 5,000-square-foot space has a large outdoor patio with a view of the skyline, plants, and a fire pit. Inside, there are couches
...More info on site
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USA, NY: Evil Twin Brewing to open second location in New York
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Two Trees Management announced on September 16 that Evil Twin Brewing, a cult craft brewery and taproom, will open a new location on the ground floor of the iconic 45 Main Street building in DUMBO, Brooklyn, the Real Estate Weekly reported.
The 1,950 square foot space will be Evil Twin Brewing’s second location in New York City, expected to open early 2021.
“Evil Twin brewing is one of the most talked about brewing experiences in the city. Located in the heart of DUMBO and a few steps from Brooklyn Bridge Park, 45 Main Street is the perfect spot for another great taproom and coffee shop,” said Jed Walentas, principal of Two Trees Management.
“As part of our ongoing goal to support independent businesses, we are always looking to partner with local retailers and food purveyors like Evil Twin who will contribute to the unique and eclectic atmosphere of DUMBO.”
“We’re excited to expand to the vibrant DUMBO neighborhood to serve our favorite beers and amazing coffee from Sey to more folks across New York City,” said Evil Twin Brewery Owner Jeppe Jarnit- Bjergso. “Our second location at 45 Main Street will bring our one-of-a-kind experience and tastes to visitors and be a local spot
...More info on site
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USA, CA: South Los Angeles Beverage Company scheduled to open in Florence next year
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Craig Bowers and Samuel Chawinga are on a mission to create a craft beer community in South Los Angeles. Bowers, a marketing executive and events producer, and Chawinga, a longtime brewer, are behind the new South Los Angeles Beverage Company, an incubator, production and packaging facility scheduled to open in Florence, Calif., next year, the Los Angeles Times reported on September 16.
“If you look at craft beer as a category, there’s a lot of conversation right now about the lack of diversity both on the ownership side [and] the employee side, and the customer side is challenging as well,” Bowers said. “We felt that there was a lot of need in that particular area, a need for jobs and a need for a great experience that you didn’t have to travel outside the neighborhood to find.”
The 13,000-square-foot facility will include a brewery, tasting room, outdoor area with multiple food vendors, coffee roastery and cidery. It will be part of the SoLA Beehive, a 92,000-square-foot retail and production space located in a federal Opportunity Zone, one of several thousand Opportunity Zones nationwide, created as part of the 2017 Tax Cuts and Jobs Act meant to promote investment in low-income areas.
“South Central
...More info on site
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USA, AZ: Greenwood Brewery already open in Phoenix
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For many, brewing beer is considered a man's job.
According to a 2014 Stanford University study, only 4% of brewmasters are women. In addition, recent studies show many people still think brewing beer is a man's job.
However, a brewery in Phoenix is working to change that perception, FOX 10 News Phoenix reported on September 17.
Meet Megan Greenwood: an engineer turned brewer and entrepreneur.
"My goal is to just get beer into the hands of people," said Greenwood, whose Greenwood Brewery just opened in Phoenix.
"There's a few things about the space that I really love. One is we really wanted to have a long wooden bar," said Greenwood.
It's a space Greenwood has been dreaming of for quite a while.
"You can see Roosevelt. You can see down to 7th Street, and then all the way down 5th Street, which is the exact place I wanted to be, was right on 5th Street.
The brewery is built on what women want in a beer, something Greenwood says the beer industry is lacking.
"By doing this, I want to encourage women to get into craft beer," said Greenwood. "I want women to be drinking craft beer, and to consider themselves as a brewer."
Before finding her flagship pale ale,
...More info on site
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USA, CA: Southern Pacific Brewing is for sale
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Southern Pacific Brewing, an 8,500-square-foot Mission District, San Francisco restaurant, bar, and brewery that’s been jam-packed since it opened in 2012, is on the market, its owner says. The spot closed to customers in early September, but will continue to sell beer at occasional pop-up events — at least until it finds a buyer, Eater SF reported on September 15.
Like many businesses across the Bay Area, the venue temporarily closed at the beginning of the pandemic. It reopened mid-August, with expanded outdoor seating and a new program of canned beer that fans could take to go. “But that wasn’t enough,” owner Chris Lawrence tells Eater SF.
“We were able to add 13 tables to our outside seating,” Lawrence says. “That was enough to help stem the loss, but the heat wave and then the fires” (the smoke from which made outdoor dining an unhealthy proposition) “forced us to pull back and rethink,” Lawrence says. After a meeting with the brewery’s investors, the decision was made: Southern Pacific closed to customers earlier this month and is now for sale.
Lawrence, a native of the city (he’s a Sacred Heart grad, before you ask), says that he’s loved operating his immensely popular business and
...More info on site
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USA, NV: Nevada Brew Works coming to Arts District in Las Vegas
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Las Vegas’ Arts District lands another brewery serving its own beers. Nevada Brew Works opens on Main Street with a taproom, a substantial 1,542-square-foot, dog-friendly patio with an eye-catching silo, and a limited-menu kitchen that specializes in pizza. Inside, customers find a rustic and industrial design, and science lab details surround the brewing area, Eater Vegas reported on September 16.
For now, the brewery from Jason and Lauren Taylor is working on its own beers, already brewing, and in the meantime, local beers fill the 11 guest taps, including beers from Big Dog, CraftHaus, and Hop Nuts. Lauren’s parents Ken and Caren Hallyburton round out the team, with Ken serving as brewmaster. The brew pub’s own Nevada Ale will be created onsite.
The brewery offers a menu of 10-inch brick oven pizzas, burgers, and appetizers such as pretzels, cheese curds, chicken wings, and tenders.
The brewery took over a former auto body shop at the corner of Main Street and Imperial Avenue.
The owners have also pledged to donate a portion of their proceeds the Ariana Rye Foundation, named for their daughter, and for every Ariana RyePA that is sold in the taproom, a portion of the proceeds go to children in need. Every
...More info on site
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USA, MI: Kalamazoo-based Tibbs Brewing Company to close down permanently
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Kalamazoo-based Tibbs Brewing Company has announced that it will be closing permanently. Its final day open will be Saturday, October 3, the Midwest Communication reported on September 16.
In a Facebook post on September 16, the brewery released a statement explaining its decision, citing COVID-19 restrictions as factors.
Tibbs is only the latest business in the Kalamazoo area to close permanently due to the pandemic.
In June, local breakfast eatery Station 702 announced that it would be closing its doors. Prior to that, both the Kalamazoo location of Moe’s Southwest Grill and the Bravo! restaurant in Portage announced closures for similar reasons.
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World: Carlsberg raises full-year earnings expectations
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Danish brewer Carlsberg raised its full-year earnings expectations on September 17 after positive momentum last month, buoyed by solid sales in Eastern Europe and
...More info on site
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UK: Simpsons Malt planning new production facility in Scotland
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Simpsons Malt which produces malts for the brewing and distillery sector is planning a new production hub in the heart of Scottish whisky country,
...More info on site
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Germany: Oktoberfest cancellation a blow for Germany's beer brewers
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Germany’s beer brewers were already reeling from the economic downturn in spring this year when coronavirus lockdowns shuttered bars and restaurants. They were dealt a second blow after the cancellation of Oktoberfest, the world’s biggest beer festival, which would have been kicking off this weekend, Yahoo Sports reported on September 16.
Oktoberfest which runs from mid-September until early October in Munich every year, attracts more than 6 million visitors, who spend about €440 mln (£405 mln, $522 mln) and drink 7 million litres of beer at the 16-day beer festival.
Indirectly, including hotels, taxis, restaurants and so on, Oktoberfest generated more than €1.2 bln for the local economy last year.
“A complete sales channel for us brewers just broke down overnight,” Andreas Steinfatt, director of gastronomy and marketing at the Paulaner Brewery Group told reporters this week. Oktoberfest is “a brand stage for Munich beers,” Steinfatt said.
“What the long-term effects will be for our industry is a bit like looking in a crystal ball at the moment,” Steinfatt added.
“The German beer market is down about 6.2% overall as of July, compared to last year,” Jörg Lehmann, chief executive of the Paulaner Brewer Group and president of the German Brewers Bund told reporters in
...More info on site
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Australia & China: Australian farmers will be forced to target domestic market as China effectively bans imports from Australia
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Australian farmers will be forced to sell their barley supplies to the domestic livestock industry or cheaper international markets after China effectively banned imports from Australia, farmers said on September 16.
China late on September 15 said it would ban barley imports from Australia’s largest grain exporter, just weeks after it slapped a more than 80% tariff on shipments from Australia.
The ruling has seen Chinese processors shun other Australian sellers amid fears that Beijing could ban other grain handlers.
As a result, Australian farmers will now target a domestic market, where demand is unusually high after a recent three-year drought wilted large areas of pasture.
“The financial hit will be enormous but we can look at domestic livestock market which doesn’t have much feed at hand after the drought,” Andrew Weidemann, a grain grower in Victoria told Reuters.
“The big issue is next year. If the season continues, there will be pasture and so farmers like myself will have to switch to other crops.”
China had until recently bought as much as 70% of Australia’s barley exports. But with that market closed, Australian farmers will receive about A$50 ($36.8) a tonne less than what China would typically pay.
The disruption of Australia’s barley market comes amid
...More info on site
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World: New record grain crop predicted for this year
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The IGC predicts a new record crop and a very comfortable supply situation in the world, H. M. Gauger GmbH reported earlier this month.
...More info on site
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EU: Barley exports to third countries total 1.358 mln tonnes by August 31
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By August 31, Taxud showed EU-27 barley exports to third countries at 1.358 mln tonnes, 13% less than last campaign, H. M. Gauger GmbH
...More info on site
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Belgium: Beer and fries production could be severely affected by climate change - report
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The production of two of Belgium’s iconic products, beer and fries, could be severely affected by climate change, according to a report commissioned by the National Climate Commission.
The report, “Evaluation of the socio-economic impact of climate change in Belgium”, looks at the current forecasts for the effects of climate change, and the effect on a variety of economic sectors, including energy, fisheries, tourism, agriculture and transport.
“In recent years Belgium has experienced persistently mild winters, recurring drought episodes and a succession of hot summers, culminating in the unprecedented temperature extremes recorded during the summer of 2019,” says the report, which was written before this summer’s record-breaking temperatures.
“These phenomena have already affected agricultural yield, mortality figures and labour productivity loss, among other things.”
Increased temperatures, especially the higher extremes, have an effect on labour productivity, especially in outdoor work like construction. Heatwaves have a negative effect on health, particularly among vulnerable populations, although there is an opposite effect from milder winters.
Infrastructure is damaged by both heat and flooding, another consequence of climate change. But it is in agriculture that the effects will be felt in the production of two of Belgium’s most world-famous products, beer and fries.
A combination of drought and heatwave in
...More info on site
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Ireland: Barley imports down, malt up in January-July this year
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Ireland’s imports of maize, barley and wheat are down on 2019 levels for the period from the start of January to the end of
...More info on site
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UK: Malting barley shortage and good demand for feed-grade crop putting a base into prices
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A shortage of malting quality barley and good demand for feed-grade crop is putting a base into prices for the troublesome crop, according to
...More info on site
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Ukraine: Barley export prices pushed up by Chinese demand
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A sharp jump in Chinese demand has pushed up Ukrainian barley export prices in the 2020/21 season, analyst APK-Inform said on September 18.
Ukraine is a long-standing barley grower and Saudi Arabia was its main export market for years.
"But this year, Chinese demand is just off scale," APK-Inform said, noting that in July-August China imported 97% more Ukrainian barley than in the same period of the previous season.
The consultancy said Chinese demand had caused a 20% increase in Ukrainian barley export prices so far this season, with prices reaching $177-189 per tonne CPT Black Sea as of Sept. 18.
Ukraine's economy ministry said last month the barley harvest could fall to 7.3 million tonnes in 2020 versus 8.9 million in 2019, and that exports might decrease to 3.3 million tonnes in 2020/21 from 5.1 million in 2019/20.
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