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E-Malt.com Newsletter 50b
December 10 - December 13, 2020
Quote of the Week
If people are doubting how far you can go, go so far that you can't hear them anymore.
Michele Ruiz
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Currency Rates
Base Currency: US Dollar
on December 11, 2020 |
Base Currency: Canadian Dollar
on December 11, 2020 |
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1 USD = 0.8258 EUR
1 USD = 0.7508 GBP
1 USD = 1.2770 CAD
1 USD = 1.3340 AUD
1 USD = 104.3600 JPY
1 USD = 5.1135 BRL
1 USD = 73.3657 RUB
1 USD = 6.5433 CNY
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1 CAD = 0.7830 USD
1 CAD = 0.5878 GBP
1 CAD = 0.6465 EUR
1 CAD = 1.0445 AUD
1 CAD = 81.7100 JPY
1 CAD = 4.0037 BRL
1 CAD = 57.4423 RUB
1 CAD = 5.1232 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada, ON: Waterloo Brewing announces financial results for Q3 to October 25
...Click here
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USA, MI: Niles Brewing Company to open December 12 in Niles
...Click here
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USA, NY: Auburn’s Prison City Brewing opens second location
...Click here
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USA, NY: Sackets Harbor Brewing Company gets green light for 1812 Brewing Company project in Watertown
...Click here
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USA, CA: COVID-19 forces San Marcos Brewery to permanently shut its doors
...Click here
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Germany: Barley malt production only slightly down in the first two months of the current season
...Click here
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World: China, Germany, US report beer production declines in January-October this year
...Click here
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UK: Marston’s reports £281 mln annual revenue versus £1.17 bln last year
...Click here
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World: Barley production, consumption, stocks forecast to remain unchanged in 2020/21
...Click here
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UK: Molson Coors confirms plans to close Burtonwood Brewery next year
...Click here
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Australia: Shortages of Corona beer to continue into the holidays
...Click here
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India: United Spirits Limited appoints its first woman CEO
...Click here
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Graph of the Week
Table of the Week
World Barley Supply and Distribution
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
10 December
1672 - New York Governor Lovelace announces monthly mail service between New York & Boston
1799 - Metric system established in France
1868 - The first traffic lights are installed, outside the Palace of Westminster in London
1901 - 1st Nobel Peace Prizes (to Jean Henri Dunant, Frederic Passy)
1915 - 10,000,000th model T Ford assembled
1930 - Clayton K Yeutter, US trade representative/Republican National chairman is born in Nebraska
1948 - UN General Assembly adopts Universal Declaration of Human Rights
1993 - Dow Jones hits record 3740.67
11 December
1901 - 1st newspaper on Curacao (Curacao Gazette & Commercial Advertiser)
1901 - Marconi sends 1st transatlantic radio signal, Cornwall to Newfoundland
1930 - Bank of the United States opens in New York NY
1967 - SST prototype "Concorde" 1st shown (France)
1985 - General Electric acquires RCA Corp & its subsidiary
1985 - Dow Jones closes above 1,500 for 1st time (1,511.70)
1997 - The Kyoto Protocol opens for signature
12 December
1858 - Bank of the US opens
1858 - Washington DC established as capital of US
1878 - Joseph Pulitzer begins publishing "St Louis Dispatch"
1901 - Marconi receives 1st transatlantic radio signal, England to US
1991 - Maastricht Treaty signed to create a European Community
13 December
1789 - England & Russia sign trade agreement
1789 - 1st loan to U.S. Government (from New York City banks)
1898 - Hannibal Goodwin patents celluloid photographic film
1983 - British Airways incorporates
Agenda
December 2020:
09 - 11: Drink Technology India 2020 (Online)
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:
08 - 09: Bev Expo 2021 (Manchester, UK)
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)
November 2021:
04 - 05: Sea Brew 2021 (Taipei, Taiwan)
News Articles
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Canada, ON: Waterloo Brewing announces financial results for Q3 to October 25
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Waterloo Brewing Ltd., Ontario's first craft brewery, announced financial results for the third quarter ending October 25, 2020.
Net revenue grew +40.2% to C$22.8 million, and EBITDA grew +18.7% to C$4.0 million for the third quarter of fiscal 2020. Gross profit margin declined in the third quarter to 21.9%.
"We are pleased with our performance in the third quarter, posting revenue growth of +40.2% and EBITDA growth of +18.7% compared to the previous year," stated George Croft, President, and CEO, Waterloo Brewing. "The strength of our brands is particularly evident in all retail channels where growth on our Laker family is +5%, Landshark +16%, and Waterloo Craft +16%. The grocery channel continues to expand during the COVID pandemic and pushed our third quarter growth to +51% in this channel."
"The challenges of last nine months presented a number of new obstacles for us, as it did for many other businesses. This included the increased cost and availability of aluminum cans, the associated cost of COVID related to keeping our employees safe, and the need to outsource some owner brand production to meet demand in advance of new operating capital being commissioned. We met each challenge head-on and we never lost sight of
...More info on site
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USA, MI: Niles Brewing Company to open December 12 in Niles
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A new brewery in Niles is planning to open December 12 with special online ordering options as Michigan remains under a partial shutdown due to the COVID-19 pandemic, ABC 57 reported on December 8.
Niles Brewing Company, located at 206 E. Main Street, is planning to offer four of its beers online.
“Once the order is lifted and we can have indoor dining, we will adjust to a reservation only system to be in compliance with limit restrictions,” said owner Brandon Townsley.
The epidemic order that places restrictions on restaurants and bars was extended until December 20 in an announcement made by Governor Gretchen Whitmer on December 7. Restaurants are only allowed to offer outdoor dining, takeout and delivery while the order in in effect.
Townsley said they will have the beers canned and ready to go for opening of the nanobrewery.
A photo and description of each canned beer option will be released each day during the week of the opening.
The plan is to make the beers available to order online at 10 a.m. on December 12 and offer three different pickup days for orders.
The pickup days will be December 12 from 12 p.m. to 4 p.m., December 13 from 12 p.m. to 4
...More info on site
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USA, NY: Auburn’s Prison City Brewing opens second location
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Auburn’s Prison City Brewing, which has won local acclaim and national recognition since it opened its downtown brewpub in December 2014, has opened a second location, Syracuse.com reported on December 9.
This new spot at 251 North St. has a 14,000-square-foot brewhouse and taproom, located on a 5-acre former farm. The brewhouse has a 20-barrel per batch system, four times the 5-barrel system at the brewpub downtown.
The brewpub, at 28 State St., remains open as a full-service bar and restaurant, with the small-batch “pilot” brewhouse.
“Right now, this is all about increasing production,” said Marc Schulz, who owns Prison City with his wife, Dawn. “We can make and sell more beer.”
That would include Mass Riot, a hazy New England-style IPA that has earned Prison City awards and medals from national publications and beer festivals.
“We sell 14 (packs of Mass Riot) for one of everything else,” Schulz said.
But there are plenty of others: The North Street taproom beer list this week had 16 beers, including at least five New England IPAs, plus offerings of lager, pilsners, pale ale, sour, stout and more. They’re available for on-premises drinking (under current restrictions), draft to-go in growlers or 4-pack cans — and there is curbside pick-up.
A
...More info on site
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USA, NY: Sackets Harbor Brewing Company gets green light for 1812 Brewing Company project in Watertown
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It’s a green light for a Sackets Harbor Brewing Company project in Watertown, wwnytv.com reported on December 8.
The Watertown city council approved construction plans on December 7 for the former Alteri’s Bakery on Waterman Drive.
The soon-to-be production site will be called 1812 Brewing Company.
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USA, CA: COVID-19 forces San Marcos Brewery to permanently shut its doors
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San Marcos Brewery recently announced that they are permanently shutting their doors after a 27-year run in the Old California Restaurant Row shopping center in San Marcos due to the COVID-19 pandemic, The Coast News Group reported.
The popular North County brewery made the announcement on Nov. 19 with a short post on their Facebook page:
“Well, the time has come. With the restrictions of COVID-19 and the purple tier, the Brewery has suspended its operations. We’ve had a good 27-year run and now it’s time to call it… done. Thank you all for the support through the years. We wish you well. Cheers to a better year! 2021.”
The post has more than a hundred comments of residents expressing their sadness and frustration over having to say goodbye to a staple of their community, one which many have grown up with.
The brewery, which opened in 1993 at 1080 W. San Marcos Blvd., was known for being the first micro-brewery in North County where its brewers produced English-style ales and oatmeal stout beers.
“They couldn’t hold on any longer… we’re at a really difficult point in time and our state leaders really need to pay attention,” San Marcos Mayor Rebecca Jones said. “I believe
...More info on site
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Germany: Barley malt production only slightly down in the first two months of the current season
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Germany’s barley malt production totalled 302 thousand tonnes in July-August this year, versus 329 thousand over the same period in 2019, H. M. Gauger
...More info on site
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World: China, Germany, US report beer production declines in January-October this year
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China’s January-October beer production was 299.6 mln hl, 7.5% down from the same period last year, H. M. Gauger GmbH reported earlier this month.
In
...More info on site
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UK: Marston’s reports £281 mln annual revenue versus £1.17 bln last year
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British brewery, pub and hotel operator Marston's reported total revenue of £821 mln against £1.17 bln last year in its results for the year
...More info on site
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World: Barley production, consumption, stocks forecast to remain unchanged in 2020/21
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IGC’s world S&D balance of November 26 forecasts the world barley production in 2020/21 at 156 mln tonnes, the same as in 2019/20.
Consumption and
...More info on site
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EU: Barley exports fall by 15% in July-November
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EU’s barley exports during July 1 – November 29 were 3.07 mln tonnes, 15% less than last year, H. M. Gauger GmbH said in
...More info on site
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UK: Molson Coors confirms plans to close Burtonwood Brewery next year
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Molson Coors has confirmed that it plans to close its Burtonwood Brewery next year, the Warrington Guardian reported on December 11.
The brewing giant has
...More info on site
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Australia: Shortages of Corona beer to continue into the holidays
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Shortages of Corona beer in Australia will continue into the holidays, according to distributor Carlton & United Breweries, the Australian Brews News reported on December 10.
CUB said that increased demand and low supply due to logistics issues in shipping the beer over are causing the shortages.
In April, AB InBev, owners of Corona parent company Grupo Modelo, halted production of the beer after the Mexican government declared a national health emergency.
A spokesperson for CUB said that specific states would be affected by the shortages.
“These shortages will continue in coming weeks and we expect retailers, particularly in NSW and Victoria, will be intermittently out of stock,” they said.
“The shortages are due to a recent increase in demand along with supply issues stemming from COVID-19, particularly international shipping congestion and issues at Australian ports.
“More than 600,000 cartons of Corona will be delivered between this week and the end of December which will help replenish stock and meet the increased demand.”
Despite the shortages and associations with the pandemic virus, in August Corona was named the world’s most valuable beer brand, valued at US$8.1 billion.
CUB reclaimed Corona distribution rights from Lion in 2016 following the acquisition by AB InBev of its then-parent company SABMiller.
While the
...More info on site
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India: United Spirits Limited appoints its first woman CEO
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After close to eight years as Managing Director and CEO of United Spirits Limited, Anand Kripalu has decided to move on, in pursuit of the next phase of his professional journey. Kripali will be succeeded by Diageo’s Managing Director Africa Regional Markets, Hina Nagarajan, who will be the first ever woman CEO of United Spirits, the People Matters reported on December 11.
Anand Kripalu will be stepping down from his role, effective June 30, 2021. Under Anand’s leadership, USL experienced a significant improvement in its operating performance - margin growth, cash generation and working capital. He also led the entire integration of USL, post the company being acquired by Diageo, and reignited the market portfolio strategy. Diageo India is the country’s leading beverage alcohol company and a subsidiary of global leader Diageo plc.
Anand will be succeeded by the Diageo’s Managing Director Africa Regional Markets, Hina Nagarajan. Hina will also join USL as CEO-Designate on April 1, 2021. In accordance with the applicable law and upon receipt of necessary approvals, Hina will take over as Managing Director and CEO of USL on July 1, 2021 and will also join the Diageo Executive Committee, reporting to John Kennedy, President Diageo Europe &
...More info on site
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