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E-Malt.com Newsletter 04b
January 28 - January 31, 2021
Quote of the Week
Give my people plenty of beer, good beer and cheap beer, and you will have no revolution among them.
Queen Victoria
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Currency Rates
Base Currency: US Dollar
on January 29, 2021 |
Base Currency: Canadian Dollar
on January 29, 2021 |
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1 USD = 0.8257 EUR
1 USD = 0.7305 GBP
1 USD = 1.2827 CAD
1 USD = 1.3080 AUD
1 USD = 104.2900 JPY
1 USD = 5.4201 BRL
1 USD = 76.0196 RUB
1 USD = 6.4645 CNY
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1 CAD = 0.7795 USD
1 CAD = 0.5694 GBP
1 CAD = 0.6436 EUR
1 CAD = 1.0195 AUD
1 CAD = 81.2900 JPY
1 CAD = 4.2249 BRL
1 CAD = 59.2564 RUB
1 CAD = 5.0390 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, TN: R.S. Lipman Brewing Company purchases Little Harpeth Brewing and Turtle Anarchy Brewing Co.
...Click here
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USA, FL: Thai-inspired EST. 33 Thai Craft Brewery and Kitchen officially launches on January 29 in Brickell
...Click here
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India: United Breweries says net profit increased by 18% in Q3 ended December 2020
...Click here
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UK: Carlsberg’s partner Marston’s Plc receives takeover approach from US investment firm Platinum Equity
...Click here
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Singapore: ThaiBev could lodge filing to list its brewery unit as soon as next week - sources
...Click here
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The Czech Republic: Budvar increases beer output to a record last year
...Click here
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Nigeria: Guinness Nigeria makes a profit of N524.2 mln in Q2 of financial year 2020/21
...Click here
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World: Canada, Russia to join Australia in barley-fuelled WTO dispute against China
...Click here
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UK: Most brewers postponing annual beer price increases
...Click here
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Spain: Mahou San Miguel expands marketing agreement with AB InBev
...Click here
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South Africa: Barley farmers bracing for a tough market ahead
...Click here
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India: United Spirits sees Q3 net profit rise by 20.82%
...Click here
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World: Asahi Super Dry named the best-selling beer at the world’s best bars
...Click here
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South Africa: Small brewers calling on government to reopen sale of alcohol for off-site consumption
...Click here
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UK: Alcohol-free Guinness to be rolled out again in the next few months
...Click here
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Graph of the Week
Table of the Week
World Beer Production by Continent 2016-2020s
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
28 January
1878 - 1st telephone exchange (New Haven, CT)
1878 - Yale Daily News published, 1st college daily newspaper
1998 - Michelangelo's "Christ & the Woman of Samaria", sold for $7.4 million
29 January
1886 - 1st successful gasoline-driven car patented, Karl Benz, Karlsruhe
1986 - 193.8 million shares traded in NY Stock Exchange
1988 - United Airlines Boeing 747SP, circles world in 36h54m15s
30 January
1922 - World Law Day, 1st celebrated
1951 - Ferdinand Porsche, German car inventor (Porsche), dies at 75
1995 - Belgium's TV channel 2 in Flanders goes on the air
31 January
1956 - The twist off bottle cap is invented
1973 - Ragnar Frisch Norwegian economist (Nobel 1969), dies at 77
1990 - McDonald's opens its first restaurant in Russia
2010 - Avatar becomes the first film to gross over $2 billion worldwide
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)
22 - 24: Beer and Soft Drinks Industry 2021 (Kyiv, Ukraine)
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, TN: R.S. Lipman Brewing Company purchases Little Harpeth Brewing and Turtle Anarchy Brewing Co.
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In Nashville’s largest brewery consolidation to date, R.S. Lipman Brewing Company has purchased two other popular local breweries, Little Harpeth Brewing and Turtle Anarchy, as reported by the Nashville Post.
During the tough times of this pandemic, smaller breweries that depended on taproom volume have had a much tougher time of it than retail-focused mega-breweries and spirits brands that have actually seen sales upticks thank to people drinking more in their own homes, so many smaller operations have shuttered or been rolled up by larger brands in the past year.
R.S. Lipman is a family-owned company best known locally for its beers sold under the Hap & Harry’s banner, a name that came from friends and business associates Hap Motlow of Jack Daniels and Harry Lipman. Together, they basically put a small Lynchburg distillery on the national map a half century ago. (Well, with a little help from Frank Sinatra.) Hap & Harry’s has collaborated with local rockers Kings of Leon on several releases, and was previously brewed on a contract basis by Yazoo before constructing their own production facility at 5901 California Avenue in the Nations. That large modern brewery will now handle production of all three Nashville brands under
...More info on site
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USA, SC: Fort Mill to host two new breweries soon
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Fort Mill soon could have two new places where you can have a drink, the Rock Hill Herald reported on January 28.
Two breweries have expected spring openings, according to their social media pages. Both are in long-time Fort Mill commercial spaces, on either side of the downtown area.
1873 Brewing plans to open at 415 Tom Hall St. The building that has been a salon and other businesses in the past was upfitted as part of the Steele Street Station project. That larger project includes a Domino’s pizza restaurant, dentist and massage business. There’s an anchor space intended for a restaurant too.
Co-owners Chris LaRocque, Scott Coffey and Brad Rice will have 3,000 square feet of space and a 20-foot bar in the brewery named for the year Fort Mill was incorporated.
“We’ve kind of been working on this project for about two years,” LaRocque said. “We finally found a location that we liked.”
An exact opening date hasn’t been set.
”We expect it to be done in the next few months,” LaRocque said. “COVID has thrown a wrinkle in most people’s plans. Our target is probably late April.”
COVID wasn’t the only wrinkle. LaRocque (Germany) and Rice (Middle East) are deployed now for somewhat unexpected
...More info on site
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USA, FL: Thai-inspired EST. 33 Thai Craft Brewery and Kitchen officially launches on January 29 in Brickell
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Just in time for the big game next weekend, the always growing Brickell neighborhood is getting its first brewery: EST. 33 Thai Craft Brewery and Kitchen (701 South Miami Avenue), marking the Thailand-based brand’s first U.S. location, the Eater Miami reported on January 28.
Owned and operated by Boon Rawd Brewery Company Limited, which produces Singha and Leo beers, the space boasts seven fermentation vessels in addition to seven serving tanks that create beers like the light and golden Legend Lager, the Vienna-style One and Only Kopper, the summer wheat Aromatic Snowy, and the namesake 33 Pale Ale.
EST. 33 Thai Craft Brewery and Kitchen features a full menu as well created by executive chef Oliver Lustado, who combines Asian flavors with techniques of American barbecue. Think dishes like steamed buns filled with lemongrass chicken or Thai-spice rubbed beef brisket, beef jerky, crispy pork cracklings, red curry crab croquetas, broccolini, and more.
Located on the fourth floor of Brickell City Centre, the brewery and restaurant houses tall ceilings, greenery, and natural elements, with the brew tanks serving as the centerpiece of the space. With 93 seats indoors and an expansive covered outdoor patio with 62 seats overlooking the mall’s atrium.
EST. 33 opens to
...More info on site
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India: United Breweries says net profit increased by 18% in Q3 ended December 2020
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United Breweries Ltd (UBL), India’s biggest brewer, on January 28 said net profit increased 18% to Rs 126.37 crore for the third quarter ended
...More info on site
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UK: Carlsberg’s partner Marston’s Plc receives takeover approach from US investment firm Platinum Equity
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Marston’s Plc has received a takeover approach from Platinum Equity, the latest attempt by a private equity firm to buy a storied British pub
...More info on site
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Singapore: ThaiBev could lodge filing to list its brewery unit as soon as next week - sources
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Thai Beverage Plc is planning to lodge a filing to list its brewery unit on the Singapore stock exchange as soon as next week,
...More info on site
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The Czech Republic: Budvar increases beer output to a record last year
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Budvar, the Czech brewer that has been in a long legal dispute with U.S. giant Anheuser-Busch over use of the “Budweiser” brand, increased output
...More info on site
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World: Diageo’s first-half profit down 15%
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British alcoholic beverages company Diageo plc reported on January 27 that its first-half profit attributable to parent company's shareholders declined 15 percent to 1.58
...More info on site
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Nigeria: Guinness Nigeria makes a profit of N524.2 mln in Q2 of financial year 2020/21
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Guinness Nigeria Plc in its recently released quarterly filings has revealed that the company made a profit of N524.2 million in the second quarter of its accounting period 2020/21.
This is according to the information and figures contained in Companys’s interim un-audited Q2 financial statements, which was published on NSE’s website on January 28 after the close of the market, Nairametrics reported.
The report revealed that the profit made by Guinness Nigeria in the second quarter of the fiscal year 2020/21, was 68.90% lower than the profit it made in the corresponding period of 2019/20, as the company’s profit after tax declined from N1.69 billion to N524.23 million.
Key Highlights
Revenue increased to N42.33 billion, up by 2.17% Y-o-Y.
Cost of sales increased to N30.75 billion, down by 4.17% Y-o-Y.
Gross profit decreased to N11.57 billion, down by 2.79% Y-o-Y.
Other income increased to 489.88 million, up by 202.28% Y-o-Y.
Marketing and distribution expenses decreased to N6.07 billion, down by 6.69% Y-o-Y.
Administrative expenses increased to N2.86 billion, up by 6.72% Y-o-Y.
Operating profit increased to N3.13 billion, up by 8.72% Y-o-Y.
Net finance costs increased to N1.52 billion, up by 164.76% Y-o-Y.
Tax paid for the period increased to N1.09 billion, up by 75.58% Y-o-Y.
Profit for the year decreased to N524.23
...More info on site
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World: Canada, Russia to join Australia in barley-fuelled WTO dispute against China
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Canada and Russia will join Australia’s World Trade Organization (WTO) dispute against the Chinese Communist Party (CCP), citing concerns over the wider ramifications a
...More info on site
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UK: Most brewers postponing annual beer price increases
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Most brewers are postponing beer price increases until later in the year, The Morning Advertiser (MA) reported on January 27.
Previously, brewers have increased beer prices towards the start of the year, which has tended to be in line with inflation.
This year, The MA understands, Heineken will be increasing its prices on draught products from April with rises ranging from 2.8% to 4.5%.
Heineken UK on-trade director Stephen Watt said: “Throughout the pandemic, our priority has been to help pubs and bars through the most difficult trading period in generations and get them back on their feet, serve communities and be viable once again.
“It’s been a challenging time for the industry, but we have supported customers by absorbing costs related to restocking and maintaining workable cellars, investing in practical support and creating safe environments, while also offering a number of deferred or cancelled payments.
“With the dispensing of the vaccines, we anticipate pubs, bars and restaurants will be able to start to return to more normalised trading levels during the second quarter."
He added: “As part of our annual review of prices, we are therefore informing customers of our intention to increase prices on draught beer and cider.
“We acknowledge however, that in the early
...More info on site
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Spain: Mahou San Miguel expands marketing agreement with AB InBev
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The Mahou San Miguel brewery has extended the marketing agreement in Spain with the Belgian multinational AB InBev, one year after the start of the collaboration between the two companies. Therefore, starting from 1 March, the Spanish brewery will distribute the German brands Beck's, Spaten and Löwenbräu in the peninsula and the Balearic Islands, including them in its broad product portfolio, EFA News reported on January 26.
"Despite the situation we have experienced due to the pandemic, this first year of collaboration with AB InBev has been very fruitful,” says Peio Arbeloa, general manager of the Mahou San Miguel Business Unit Spain. "The incorporation of its reference brands has made a valuable contribution to our national business which, without doubt, is strengthened thanks to the extension of our agreement,” adds the manager.
Specifically, Mahou San Miguel will offer its customers a total of 10 references from Beck's, Spaten and Löwenbräu, which it will distribute in the hospitality channel, both bottled and in cask, and in the Food channel. With this new agreement, both companies confirm their intention to continue promoting the premium beer category in Spain, as well as to respond to the growing demand for international beers from consumers.
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South Africa: Barley farmers bracing for a tough market ahead
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South African barley farmers are bracing for a tough market ahead as demand for the grain used to make beer falls and stockpiles grow after a ban on the sale of alcohol was reinstated as the country battles a surge in COVID-19 cases, Reuters reported on January 27.
The government in December enforced its third ban on alcohol sales since the outbreak of the virus to alleviate pressure on strained healthcare facilities after a rise in infections.
Unutilised stocks of barley, which is mainly planted for malting purpose in South Africa, stood at around 719,307 tonnes by December, 49% higher than a year ago, according to data from the South African Grain Information Service.
Farmers say the ban is further hurting a sector still reeling from effects of drought conditions in 2019.
“The biggest impact will be on next year’s mandate to supply malt barley for the industry,” said Jose De Kock, chairman of Barley Industry Committee, referencing to the 2021/22 season where plantings are due to start in around April.
“With the carry-over that is already in the pipeline they are going to limit the mandate for next year, that is the fear,” he added.
Farmers could plant other crops, but De Kock said this
...More info on site
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India: United Spirits sees Q3 net profit rise by 20.82%
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Diageo-controlled liquor maker United Spirits Ltd (USL) on January 27 reported a 20.82% rise in consolidated net profit at ₹280.3 crore for the third quarter ended December 2020. The company's board, on the same day, also approved the succession plan to appoint Hina Nagarajan as the Chief Executive Officer - Designate of the company from April 1.
USL had posted a net profit of ₹232 crore in the 2019 December quarter.
The company's revenues from operations jumped 7.65% to ₹8,410.3 crore in the latest December quarter. In the year-ago period, the same stood at ₹7,812.3 crore, according to a regulatory filing.
However, total expenses climbed to ₹8,074.5 crore in the third quarter of the current fiscal as against ₹7,503.3 crore in the same period a year ago. "Operational resilience, contextual marketing with focus on in-home occasions and renovation of our core brands supported the top-line recovery," Diageo India MD & CEO Anand Kripalu said.
The third quarter reflects improving consumer sentiment over previous quarters, notwithstanding on-premise footfalls still being low, the route to market change in Andhra Pradesh and taxation led price hikes post COVID-19, he added.
Its Prestige and above segment net sales moderately declined in the latest December quarter, albeit lapping strong normal
...More info on site
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World: Asahi Super Dry named the best-selling beer at the world’s best bars
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Asahi Super Dry has been named the best-selling beer at the world’s best bars, with Peroni Nastro Azzurro and Corona coming in at second and third, BrewsNews.com.au reported on January 29.
The recognition comes from leading global drinks journal Drinks International’s annual survey of the world’s top 100 bars, which asks them what brands are most in-demand at their venue.
This year’s results mark a hat-trick for Asahi Beverages, which has the top three beers in its Australian portfolio, following the acquisition of Carlton & United Breweries last year.
Carlton & United Breweries Head of International Brands Kym Bonollo said: “Asahi Beverages is home to some of the world’s most premium beers. We’re delighted that’s reflected in the annual Drinks International report, which surveys the best bars in 33 countries, from Maybe Sammy in Sydney to Dead Rabbit in New York and London’s Tayer + Elementary.
“Last year was hugely disruptive to hospitality around the globe. But the huge outpouring of support for the industry showed how much people love getting together, enjoying top service and drinking great beer. We’re glad our beers were enjoyed by so many last year and, as Australia’s bar scene returns, we’re seeing that Asahi Super Dry is the
...More info on site
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South Africa: Small brewers calling on government to reopen sale of alcohol for off-site consumption
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Small beer brewing companies are calling on government to reopen the sale of alcohol for off-site consumption in a bid to keep their businesses afloat, the Eyewitness News reported on January 25.
The liquor industry has reportedly lost more than 165,000 jobs since the start of the COVID-19 lockdown last march. Around 30% of local breweries have permanently shut their doors.
Several businesses that Eyewitness News spoke to said that they had struggled to settle their bills and maintain jobs since President Cyril Ramaphosa announced the third ban on alcohol sales in December last year in a bid to slow the spread of COVID-19.
Julian Pienaar, owner of the Just Brewing Company in Boksburg, said that they could soon be out of work if the ban on liquor sales was not lifted soon.
"It is very difficult. We could probably not be working two weeks from now if they haven't lifted it."
Pienaar said that they had already downgraded their operations.
"We used to run a little restaurant from here. We had 11 people and we had to unfortunately let 8 people go. We supported them as much as we could to the end of May."
Pienaar has called on government to also permit the online trade
...More info on site
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UK: Alcohol-free Guinness to be rolled out again in the next few months
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Alcohol-free Guinness is to be rolled out again - and UK consumers may not have long to wait, the Evening Standard reported on January 28.
Diageo’s UK managing director, Dayalan Nayager, told the Standard that the company is looking to re-launch Guinness 0.0 in the next few months as it has made sure that the "production process is tighter”.
The FTSE 100 drinks giant owns the Irish stout brand. After four years of development, and after being described as Guinness’ “biggest innovation in decades”, the zero percent brew made headlines when it was pulled just weeks after its launch in the UK in October last year, and has not been on sale since.
Diageo voluntarily recalled all cans saying there had been “a microbiological contamination which may make some cans unsafe to consume”, and the Food Standards Agency said the “product may contain mould”. There were no reports of anyone getting sick as a result of drinking the brew.
Nagayer said: “If you look at Guinness 0.0, we conducted a voluntary product recall as the quality of some of the initial batches that we launched was not up to the standards that we expect, or that we think our consumers expect.
“So we
...More info on site
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