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E-Malt.com Newsletter 03a
January 18 - January 20, 2021
Quote of the Week
Bad weather always looks worse through a window.
Tom Lehrer
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Currency Rates
Base Currency: US Dollar
on January 20, 2021 |
Base Currency: Canadian Dollar
on January 20, 2021 |
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1 USD = 0.8254 EUR
1 USD = 0.7345 GBP
1 USD = 1.2731 CAD
1 USD = 1.2977 AUD
1 USD = 103.9300 JPY
1 USD = 5.3099 BRL
1 USD = 73.7637 RUB
1 USD = 6.4815 CNY
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1 CAD = 0.7854 USD
1 CAD = 0.5768 GBP
1 CAD = 0.6482 EUR
1 CAD = 1.0192 AUD
1 CAD = 81.6200 JPY
1 CAD = 4.1701 BRL
1 CAD = 57.9306 RUB
1 CAD = 5.0902 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, WI: Briess Malt & Ingredients to close its Waterloo production facility
...Click here
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Mexico: Per capita beer consumption increased from 55 to 68 litres between 2014 and 2019
...Click here
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Australia & Mexico: Australian malting barley finds new market in Mexico
...Click here
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USA, OR: Portland’s Shimai Toshi Brewing to specialize in Japanese citrus yuzu
...Click here
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USA, MA: Cape Ann Brewing to permanently close its Gloucester brewpub
...Click here
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India: Molson Coors to sell India business - report
...Click here
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EU: Tight grain supplies likely to be replenished next season
...Click here
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Vietnam: Analysts expect lower valuation for ThaiBev’s beer assets
...Click here
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Japan: Major brewers to strengthen lineup of products for home drinking
...Click here
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South Africa: Microbreweries trying to adapt and survive new ban on alcohol sales
...Click here
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Belgium: Sint-Sixtus abbey to start home deliveries of world-famous Westvleteren beer
...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
18 January
1840 - Electro-Magnetic Intelligencer, 1st US electrical journal, appears
1980 - Gold reaches $1,000 an oz
1989 - IBM announces earnings up 10.4% in 1988
19 January
1898 - Edward Crosby Johnson II, future founder of Fidelity Management & Research Co., is born in Milton
1938 - GM began mass production of diesel engines
1992 - IBM announces a nearly $5B loss for 1992
20 January
1781 - 1st edition of Pieter It Hoens "Post of Neder-Rhijn" published
1872 - Californian Stock Exchange Board organized
1995 - Russian ruble drops to 3,947 per dollar (record)
Agenda
February 2021:
09 - 13: Great British Beer Festival Winter 2021 (Online)
23 - 24: IBD Asia Pacific Convention 2021 (Perth, Australia)
March 2021:
10 - 13: Festival Brasileiro da Cerveja 2021 (Blumenau, Brazil)
16 - 16: Beviale Mexico 2021 (Online)
16 - 18: Beviale Moscow 2021 (Moscow, Russia)
23 - 23: Beviale Mexico 2021 (Online)
29 - 01 April: Craft Brewers Conference & BrewExpo America 2021 (San Diego, California, USA)
30 - 30: Beviale Mexico 2021 (Online)
April 2021:
08 - 09: Zurich Bier Festival 2021 (Zurich, Switzerland)
11 - 13: Beer & Food Attraction 2021 (Rimini, Italy)
16 - 18: Cerveza Mexico Expo 2021 (Mexico City, Mexico)
16 - 18: Barcelona Beer Festival 2021 (Barcelona, Spain)
18 - 20: EBC Symposium 2021 (Rome, Italy)
30 - 02 May: Finest Spirits 2021 (Munich, Germany)
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)
18 - 21: Beer 2021 (Sochi, Russia)
20 - 23: Mondial de la Biere 2021 (Montreal, Canada)
25 - 26: Brewers Congress 2021 (The Brewery, 52 Chiswell Street, London, UK)
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:
01 - 03: Helsinki Beer Festival 2021 (Helsinki, Finland)
13 - 15: Fdt Africa 2021 (Midrand, South Africa)
August 2021:
12 - 14: VIETFOOD & BEVERAGE - VIETNAM 2021 (Ho Chi Minh City, Vietnam)
September 2021:
18 - 03 October: Oktoberfest 2021 (Munich, Germany)
October 2021:
04 - 08: Drinktec 2021 (Messe München, Munich, Germany)
13 - 15: Drink Japan 2021 (Makuhari Messe, Japan)
17 - 20: 14th International Trends in Brewing 'Beer & Society' 2021 (Leuven, Belgium)
November 2021:
04 - 05: Sea Brew 2021 (Taipei, Taiwan)
News Articles
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USA, WI: Briess Malt & Ingredients to close its Waterloo production facility
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As Briess Malt & Ingredients Company continues to expand its Manitowoc operations, company officials announced plans to close its Waterloo, Wisconsin plant, the Heralds Time Reporter said.
The Manitowoc facility has the infrastructure, access to several forms of product transportation and capacity for Briess to grow, company officials said in a news release.
Briess completed nearly three years of a $17 million expansion project of its Manitowoc plant last year, allowing the business to expand its custom barley processing and malting operations in downtown near Washington and Jay streets.
The work included demolition of aging structures and a rebuilding project, which added underground water and sewer, the installation of four custom roasters, and construction of new grain silos and an automated packaging line for production and packaging of specialty roasted malts.
Plans also include space for a new Briess Experience Center, meant to be a gathering spot to engage customers and highlight the company’s traditions.
The company also plans to phase out malting at its Chilton operation, ending a 119-year tradition. Briess headquarters will remain in Chilton, according to company President and Chief Operating Officer Ryan O’Toole.
The transition would make the lakeshore the only Briess malting site in Wisconsin. It also owns a site in
...More info on site
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Mexico: Per capita beer consumption increased from 55 to 68 litres between 2014 and 2019
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According to a report “Knowing the beer industry” by National Institute of Statistics and Geography (INEGI) and the National Chamber of the Beer and Malt Industry (Cerveceros de México), Mexico’s per capita beer consumption went from 55 to 68 litres between 2014 and 2019. That is, on average each Mexican drinks 1.3 litres of beer per week. Because of this, Mexico has ranked 30th in the ranking of beer consumption worldwide.
Likewise, the beer industry is among the 19 most important economic activities nationwide (out of a total of 288 categories). The percentage of added value generated by this sector (47.0%) is higher than that of the manufacturing industries (26.3%). As a result, it is estimated that the brewing industry provides the highest wages to its workers in the entire alcoholic beverage industry.
Furthermore, according to the report, "for every peso produced of alcoholic beverages, 65 cents correspond to beer production." It is worth mentioning that the average annual growth of beer production was 6.7% between 2013 and 2019.
On the other hand, there has also been a significant increase in micro, small and medium-sized companies that produce beer. It is even estimated that there are currently 128 establishments dedicated to the production
...More info on site
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Australia & Mexico: Australian malting barley finds new market in Mexico
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Australian malting barley, once favoured by China’s Tsingtao brewery until hit by punitive Chinese Government tariffs, has found a new market in Mexico, Forbes reported on January 20.
Tsingtao, and other Chinese brewers through their industry group, the China Alcoholic Drinks Association, raised concerns earlier this year when the government unveiled plans for an 80% tariff on Australian barley.
China’s Commerce Ministry rejected the complaint despite warnings that the beer industry could be hurt by the sudden imposition of a high tariff as part of a trade and diplomatic spat with Australia.
Australian farmers were also concerned by the barley tariff which has effectively frozen them out of an important market.
However, as with other commodities caught in the dispute new markets are opening for Australian agricultural and mineral exports.
CBH Group, an Australian farmer-owned grain marketing business which once traded as Cooperative Bulk Handling, announced earlier today that it had shipped its first cargo of malting barley to Mexico.
Unlike feed barley used as fodder for livestock the primary market for malting barley is beer.
Tsingtao in particular preferred Australian barley for the taste it gave the company’s beer which is one of the most popular in Asia.
Some Australian malting barley is believed to still make
...More info on site
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USA, DE: Dewey Beer Co. opening second location
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When you're a small beach brewery that just happens to make the best-rated beers in the state, expansion eventually will become a necessity, The News Journal reported on January 16.
And that's the case with Dewey Beer Co., the 5-year-old Coastal Highway brewery about to open a nearly 10,000-square-foot spinoff production brewery and taproom in Harbeson later this winter.
"Everything was selling out immediately. We just couldn't keep up with anything," says brewery co-founder and co-owner Brandon Smith.
After years of canning beer with a small canning line at the cramped Dewey Beach location, the new site at 18499 Harbeson Road in Kings Landing Business Park will offer a large-scale production area allowing for nearly five times the output. (That's 80 cans per minute!)
During the pandemic, the brewery shifted away from filling kegs to focusing almost entirely on cans for takeout. They also teamed up with Greenwood-based OtherSide Beverage and began distributing a small number of their cans to shops across Delaware and Maryland.
OtherSide will remain as Dewey Beer Co.'s distributor once the production facility is up and running. Smith says Dewey Beer fans soon will find more Dewey brews in more liquor stores across the region.
And that's good news for beer fans
...More info on site
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USA, OR: Portland’s Shimai Toshi Brewing to specialize in Japanese citrus yuzu
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The newest Portland brewery is all about utilizing the Japanese citrus yuzu, the Eater reported on January 19.
Shimai Toshi Brewing, which translates to “sister city” in Japanese, is a collaboration with Ian Marshall, who owns a fig and citrus farm in Boring, Oregon.
Marshall is one of the only farmers to grow yuzu in Oregon, supplying citrus for places like ramen shop Afuri.
Zoiglhaus Brewing’s Alan Taylor helped develop the brewery’s first beer, a yuzu lager for Afuri.
Shimai Toshi is also contemplating non-beer offerings, like a yuzu hard seltzer.
Find the initial beer at Afuri and bottle shops like John’s Marketplace.
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USA, MA: Cape Ann Brewing to permanently close its Gloucester brewpub
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After closing early for the season in November, Cape Ann Brewing has made the decision to permanently shutter its Gloucester brewpub, Boston.com reported on January 19.
In a farewell message laced with sailing references, owner and founder Jeremy Goldberg said goodbye to his 18-year-old company.
“It is with much sadness that I announce the permanent closure of the Cape Ann Brewing Company,” Goldberg wrote Monday. “During the summer of 2002, a casual conversation spawned the — perhaps ill-thought — idea of what would become the Cape Ann Brewing Company. Since that day, we strove to create a brand and a place that would represent ‘the courage and spirit of the North Atlantic Fishing Fleet.’ We are proud of what we’ve created over the past 18 years. During this time we’ve weathered many storms, at times enjoyed smooth seas, and have always been thankful for the stong headwinds that have guided our voyage. Unfortunately, the current climate has proven to be our last sail. (Is that enough sailing cliches?)”
Goldberg gave his thanks to the friendships he’d made throughout the beer community, to his customers, and to his staff.
“May all your future voyages be full of good food, good beer, and good company!” he
...More info on site
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India: Molson Coors to sell India business - report
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Molson Coors, one of North America’s leading lager makers, has put its India business on the block, including the Thunderbolt beer brand, signalling the
...More info on site
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China: Grain imports soar to record highs in 2020
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China's grains imports soared to record highs in 2020, customs data showed on Monday, after tight domestic corn supplies pushed prices to multi-year peaks,
...More info on site
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EU: Tight grain supplies likely to be replenished next season
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Tight grain supplies in the European Union should be replenished next season by an improved harvest, but prices could remain high as Chinese demand
...More info on site
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Vietnam: Analysts expect lower valuation for ThaiBev’s beer assets
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UOB Kay Hian (UOBKH) on January 18 said it is reasonable to expect a lower valuation for Thai Beverage Company's beer assets, given Sabeco
...More info on site
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Japan: Major brewers to strengthen lineup of products for home drinking
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Japan’s four major beer brewers plan to strengthen their lineup of products aimed at demand for home drinking, which has been increasing amid the coronavirus crisis. They aim to increase their market share by launching new products with cheaper third-segment beer-like beverages and rejuvenating their main brands, The Japan News reported on January 19.
Competition among beermakers is expected to intensify as the government has reissued its declaration of a state of emergency and consumers again refrain from going out.
Asahi Breweries Ltd. plans to launch a new low-alcohol product, Beery, in March in Tokyo and nine other prefectures. Beery contains only 0.5% alcohol, and will be available nationwide in June. The company will also release a new product called Nama Jokki (mug) Kan from its Super Dry brand in April. The lid on the top of the can pops fully open, producing foam similar to that of a draft beer served at pubs and restaurants.
Asahi Breweries’ sales in 2020 fell 16% from the previous year, losing its leading market share to Kirin Brewery Co. for the first time in 11 years. The fall in sales was due to a slump in sales of Super Dry beer, which has a large share
...More info on site
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South Africa: Microbreweries trying to adapt and survive new ban on alcohol sales
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"This place is definitely not what it used to be," said Eben Uys, gently wiping the dust from the counter of his bar.
Like more than 200 South African microbrewery and restaurant owners, Uys is fighting to keep his business afloat after a new ban on alcohol sales to combat the soaring numbers of coronavirus cases, France24 reported on January 18.
But like some others he has managed to adapt to survive.
The 36-year-old chemistry graduate runs trendy bar and restaurant Mad Giant Brewery in the smart district of Newtown, in the heart of South Africa's economic capital of Johannesburg.
Today, his business is at a virtual standstill. He has nine staff instead of roughly 40 in normal times.
"What happened? Covid happened," he said.
It's now less a question of how to make money, he said, but of "survival."
"Every day you wonder how many days you have left and you just hope that something is gonna come in and just get you and buy you another day or another week."
His beer barrels are full. In a few months, if the ban on the sale and consumption of alcohol is not lifted, the beer will all be poured down the sewers.
South Africa is by far the
...More info on site
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Belgium: Sint-Sixtus abbey to start home deliveries of world-famous Westvleteren beer
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The monks of the Sint-Sixtus abbey in Westvleteren in West Flanders are to start delivering the beer often voted best in the world to customers at home, the Brussels Times reported on January 20.
It was only 18 months ago that the abbey accepted to move into the online age by accepting orders online for their three celebrated beers. Orders were however subject to limits: a maximum of two crates of 24 bottles of beer subject to availability. The beers still had to be picked up from the abbey during the time-slot allotted.
The arcane ordering system – until then orders could only be given by telephone – helped create a mystique surrounding the beer. At the same time, the brewery did not offer press visits, did not engage with the rest of the industry at beer events, and brewed only enough to fulfil its mission, regardless of public demand.
The abbey of Sint-Sixtus is under the Trappist rule of Benedictine monks, whose motto is Ora et labora (prayer and work). Many abbeys produce beer, and many more lend their names to industrially-produced beer, but the Trappist beers are limited to 14 – six in Belgium, two in the Netherlands and one each
...More info on site
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