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Newsletter Summary

RombBullet Quote of the week
RombBullet Currency rates
RombBullet Brewers equities
RombBullet Industry news
RombBullet Graph of the week
RombBullet Table of the week
RombBullet Prices evolution
RombBullet Barley prices
RombBullet Theoretical malt prices
RombBullet Business history
RombBullet Agenda
RombBullet News articles





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E-Malt.com Newsletter 10b
March 11 - March 14, 2021


Quote of the Week

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German proverb

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Currency Rates


Base Currency: US Dollar
on March 12, 2021
Base Currency: Canadian Dollar
on March 12, 2021
      1 USD = 0.8364 EUR
1 USD = 0.7164 GBP
1 USD = 1.2578 CAD
1 USD = 1.2876 AUD
1 USD = 108.5200 JPY
1 USD = 5.6152 BRL
1 USD = 73.4734 RUB
1 USD = 6.4925 CNY
      1 CAD = 0.7949 USD
1 CAD = 0.5695 GBP
1 CAD = 0.6649 EUR
1 CAD = 1.0235 AUD
1 CAD = 86.2700 JPY
1 CAD = 4.4636 BRL
1 CAD = 58.4050 RUB
1 CAD = 5.1610 CNY

Currency Rates Chart


Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Brewery news Japan & USA: Sapporo Holdings planning a brewery in the US ...Click here
Barley news Canada: Barley export comes to stop due to high prices ...Click here
Brewery news Canada, AB: Big Rock Brewery announces financial results for 2020 ...Click here
Brewery news USA, NY: Naples Brewing Company nearly ready to open in Naples ...Click here
Brewery news USA, NC: Vaulted Oak Brewing to open in east Charlotte in mid-April ...Click here
Brewery news USA, IL: Imperial Oak Brewing to become Brookfield’s first brew pub ...Click here
Brewery news USA: Cybersecurity incident disrupts Molson Coors’ beer-making operations ...Click here
World News
Malt news EU: Malt export business doing very well ...Click here
Brewery news The Philippines: San Miguel Food and Beverage says profits for 2020 driven by its brewery division ...Click here
Barley news World: World barley S&D much affected by China’s blockade of Australian barley ...Click here
Brewery news Ireland: Beer consumption down 17.3% in 2020 ...Click here
Barley news EU: Barley exports to 3rd countries decline in July-February 2020/21 ...Click here
Brewery news South Korea: Prolonged COVID-19 pandemic brings changes in drinking practices in South Korea ...Click here
Brewery news New Zealand: Brewers asking for temporary cut in excise tax on keg beer ...Click here
Brewery news World: Heineken announces new CFO ...Click here
Brewery news UK: Marston’s CEO to step down ...Click here
Brewery news Nepal: AB InBev announces launch of Budweiser in Nepal ...Click here
Graph of the Week


Table of the Week

World Use of Hops and Hop Products 1997 - 2020s


Table of the week.

Prices Evolution

Prices evolution

Barley Prices



Theoretical Malt Prices



These Days in Business History


11 March
1702 - 1st English daily newspaper "Daily Courant," publishes
1935 - Bank of Canada opens
1986 - 187.27 million shares traded in New York Stock Exchange

12 March
1365 - University of Vienna founded
1970 - Digital Equipment Corporation introduces PDP-11 minicomputer
1986 - 210.25 million shares traded in New York Stock Exchange

13 March
1974 - Charles de Gaulle Airport opens near Paris France
1979 - European Monetary System is established, ECU created
1986 - Microsoft Corp. goes public at an initial offering price of $21 a share, raising $61 million just one day after Oracle Corp.'s own IPO. Microsoft closes the day at $28.
2008 - Gold prices on the New York Mercantile Exchange hit $1,000 per ounce for the first time

14 March
1634 - Academie Francaise opens
1821 - On one of the quietest days in Wall Street history, the market is open, but not a single share of stock changes hands
1950 - General Motors reports net earnings of $656,434,232 (record)


Agenda

March 2021:
16 - 18: Beviale Moscow 2021 (Moscow, Russia)
16 - 16: Beviale Mexico 2021 (Online)
23 - 23: Beviale Mexico 2021 (Online)
30 - 30: Beviale Mexico 2021 (Online)

April 2021:
12 - 14: Beer & Food Attraction 2021 (Rimini, Italy)
16 - 18: Cerveza Mexico Expo 2021 (Mexico City, Mexico)
20 - 20: EBC Symposium 2021 (Online)
27 - 29: 1st VLB International Craft Brewing Conference (Online)
30 - 02 May: Finest Spirits 2021 (Munich, Germany)

May 2021:
12 - 14: Craft Beer China 2021 (Shanghai, China)
17 - 23: Budapest Beer Week 2021 (Budapest, Hungary)
18 - 20: Beer 2021 (Sochi, Russia)
27 - 30: Wiener Bierfest 2021 (Vienna, Austria)

June 2021:
08 - 09: Bev Expo 2021 (Manchester, UK)
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:
06 - 07: Tallinn Craft Beer Weekend 2021 (Tallinn, Estonia)
12 - 14: VIETFOOD & BEVERAGE - VIETNAM 2021 (Ho Chi Minh City, Vietnam)
24 - 28: 2nd VLB Africa Brewing Conference (Online)

September 2021:
09 - 12: Craft Brewers Conference & BrewExpo America 2021 (Denver, Colorado, USA)
16 - 18: Zurich Bier Festival 2021 (Zurich, Switzerland)
18 - 03 October: Oktoberfest 2021 (Munich, Germany)
21 - 23: 11th Ibero-American VLB Symposium (Barcelona, Spain)
22 - 24: Beer and Soft Drinks Industry 2021 (Kyiv, Ukraine)

October 2021:
07 - 10: Mondial de la Biere 2021 (Montreal, Canada)
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)

December 2021:
07 - 08: Brewers Congress 2021 (The Brewery, 52 Chiswell Street, London, UK)

February 2022:
11 - 14: HoReCa 2022 (Athens, Greece)

More events are available on site e-malt.com

News Articles


Brewery news Japan & USA: Sapporo Holdings planning a brewery in the US
Sapporo Holdings Ltd. is planning to set up a brewery in the U.S. by the end of 2024, as the top-selling Japanese beer in the American market seeks to expand its market share and cut costs, Bloomberg reported on March 11.

“I would like to have a production base on the West Coast,” Hiroyuki Nose, Sapporo Breweries’ vice president of marketing, said in an interview. “We make and import most of it from Canada and there are logistical costs. This is a challenge for us.”

The Tokyo-based beverage maker hasn’t been able to scale up beer brewing in North America - its largest overseas market, according to Nose, who’s set to become president of alcoholics drinks business Sapporo Breweries at the end of March. Sapporo may also look at acquiring a brewery or expanding its contract manufacturing in the U.S. as part of the efforts, he said, declining to share more details such as investment or the brewing capacity being planned.

Presence on American soil will not only save transportation costs for Sapporo but also allow it to better penetrate what the Brewers Association, a craft-beer trade group, says is a $116 billion U.S. beer market. The company predicts sales volume of its ...More info on site


Barley news Canada: Barley export comes to stop due to high prices
On February 17, Statistics Canada estimated the barley acreage of 2021 at 3.190 mln ha (last year – 3.060 mln) vs. a large majority of private estimates of 3.5-3.6 mln ha. Production forecasts are 10.6 (unchanged from last year) vs. 12.5 mln tonnes forecast privately, H. M. Gauger GmbH reported earlier in March.

The combined demand of the Alberta feed and Vancouver export sector with no relief from U.S. corn imports has driven market up to more than C$300 track Lethbridge equal to US$300FOB Vancouver. At these price levels export business has come to a stop for old and even new crop barley. Farmers are expected to react strongly and expand their barley acreage by about half a million hectares.


Brewery news Canada, AB: Big Rock Brewery announces financial results for 2020
Big Rock Brewery Inc. announced on March 11 its financial results for the three months and year ended December 30, 2020.

"We are pleased to report continued positive financial and operational results, with fourth quarter and fiscal year EBITDA (defined herein) of C$0.5 million and $C5.1 million or an improvement of C$1.1 million and C$6.2 million, respectively," said President & CEO Wayne Arsenault. "Despite the immense challenges presented by the COVID-19 pandemic, our annual results demonstrate our organization's ability to successfully adapt to change. We were able to successfully pivot the business in a timely manner to capitalize on opportunities through our wholesale channels while limiting our downside exposure to our retail on-premise channels being restricted or closed throughout most of the year. In addition, the Corporation was able to successfully expand its product offerings into the rapidly growing ready-to-drink ("RTD") market which not only compensated for the decline in on-premise volumes, but positions the Corporation for growth in this emerging category in 2021 and beyond. As the Corporation exits a challenging 2020 with its best results in seven years, the Corporation's turnaround strategy has been validated and is now shifting to growth beginning with the recently announced $8.8 million capital ...More info on site


Brewery news USA, NY: Naples Brewing Company nearly ready to open in Naples
It’s hard enough to start a small business, but even more difficult when you live 3,000 miles apart, the Rochester Democrat and Chronicle reported on March 11.

That was the reality facing longtime buddies, Dan diGiovanna and Trevor Andrews. The pair met more than a decade ago while living in the same dormitory at the Rochester Institute of Technology. They both became engineers.

But diGiovanna found himself living in Portland, Oregon, while Andrews remained local. So when a summer house-sitting gig brought diGiovanna back to the Finger Lakes, talk intensified about opening a brewery.

And now, three years later, Andrews and diGiovanna are nearly ready to open Ontario County's latest brewery: Naples Brewing Company, 104 North Main St. They are aiming for later this spring.

"I've always wanted to live in Naples," said Andrews, a Marcus Whitman High School graduate. "I love the lake. I grew up on it. There's so much hiking and awesome stuff to do around here. We were noticing there seems to be an uptick in tourism in the area. We've definitely seen a lot of growth in Naples. We seem like we're getting in on the ground floor of that and we're pretty excited."

"It seems like a lot ...More info on site


Brewery news USA, NC: Vaulted Oak Brewing to open in east Charlotte in mid-April
Vaulted Oak Brewing expects to open its doors in mid-April in east Charlotte, WSOC Charlotte reported on March 9.

That roughly 4,000-square-foot brewery is located at 3726 Monroe Road. It is part of the Echo Hills and Oakhurst neighborhoods, near the Bojangles Entertainment Complex.

Friends Kiel Arrington, Johnie Jones and Chuck Kistler are behind that $1.5 million venture, which breathes new life into a former bank branch.


Brewery news USA, IL: Imperial Oak Brewing to become Brookfield’s first brew pub
Chris DiBraccio will see a long-held dream come true this month when Brookfield’s first brew pub, Imperial Oak Brewing, opens its doors to craft beer enthusiasts at 9526 Ogden Ave., the former home of Brixie’s Saloon, the Riverside Brookfield Landmark reported on March 9.

“It’s a little different, right?” DiBraccio said during an interview at the brewery last week as workers hustled to put the finishing touches on the business. “This is what I really wanted to do here.”

It’s the second location for Imperial Oak, which tapped the first of its signature brews at its brewery in Willow Springs in 2014. The Brookfield location features a seven-barrel system, whose gleaming stainless-steel tanks are on full view for visitors and will produce 800 barrels of beer a year.

The location’s signature brew, in a nod to the building’s history, is the Brixie’s Lager, a crisp, clean Czech-style pilsner with 5-percent alcohol by volume. The lager will be just one of 16 Imperial Oak beers on tap. The brewery will also offer hard cider, wine and a full selection of hard liquor.

As far as the beers go, however, the only ones being served all bear the Imperial Oak label.

“Our beer is what we believe ...More info on site


Brewery news USA: Cybersecurity incident disrupts Molson Coors’ beer-making operations
Molson Coors, the brewer behind the Miller and Coors brands, revealed a "cybersecurity incident" at the company that has disrupted its beer-making operations, CNN reported on March 10.

The Chicago-based company said in a regulatory filing on March 11 that the hack has taken its systems offline, delaying and disrupting parts of Molson Coors' operations, including its production and shipments.

An investigation into the incident has begun, the company said, and it's "working around the clock to get its systems back up as quickly as possible."

"We have engaged a leading forensic IT firm to assist our investigation into the incident," chief communications and corporate affairs officer Adam Collins. "We will continue to communicate with our business partners with updates."

Molson Coors makes a dozens of beer, hard seltzer and non-alcoholic beverages. There have been a number of high-profile cybersecurity incidents recently. For example, hundreds of thousands of Microsoft Exchange users around the world were targeted as part of a Chinese-linked hack.


Malt newsEU: Malt export business doing very well
EU’s malt export business is very good, as proven by the export figures, 7.3% ahead of last year, H. M. Gauger GmbH reported earlier ...More info on site


Brewery newsThe Philippines: San Miguel Food and Beverage says profits for 2020 driven by its brewery division
San Miguel Food and Beverage, Inc. reported a 30 percent drop in consolidated profits last year to P22.4 billion from P32.3 billion in 2019 ...More info on site


Barley newsWorld: World barley S&D much affected by China’s blockade of Australian barley
The barley supply & demand balance is much affected by the blockade of Australian barley to the Chinese market, H. M. Gauger GmbH said ...More info on site


Brewery newsIreland: Beer consumption down 17.3% in 2020
The closure of pubs and restaurants due to Covid-19 restrictions led to a 6.6% fall in the amount of alcohol consumed per capita in ...More info on site


Barley newsEU: Barley exports to 3rd countries decline in July-February 2020/21
EU barley exports (excluding malt) to 3rd countries during July 2020 – 28 Feb 2021 were 4.9 mln tonnes, 4.3% less than a year ...More info on site


Brewery news South Korea: Prolonged COVID-19 pandemic brings changes in drinking practices in South Korea
The spread of the trend of drinking alone at home amid the prolonged COVID-19 pandemic has brought changes in drinking practices in South Korea, with more people opting to drink less but more frequently, The Korea Bizwire reported on March 11.

According to a report on the results of a survey of 2,000 adults, released jointly by the Ministry of Agriculture, Food and Rural Affairs and the Korea Agro-Fisheries & Food Trade Corp. on March 10, Koreans drank on an average of nine days per month last year.

The number of drinking days was up from 8.9 days in 2016, 8.8 days in 2017 and 2018, and 8.5 days in 2019.

In contrast, the amount of alcohol consumption per drinking session fell to 6.7 glasses last year from 6.9 a year ago.

Among the respondents, 41.4 percent chose to drink beer, followed by soju at 32.7 percent, traditional liquor at 15.1 percent and imported wine at 4.5 percent.

Compared to a year ago, the share of those who chose to drink beer and imported wine rose by 4.5 percentage points and 0.3 percentage points, respectively, while soju and traditional liquor declined by 0.2 percentage points and 5 percentage points, respectively.

“Under this pandemic situation, a large ...More info on site


Brewery news New Zealand: Brewers asking for temporary cut in excise tax on keg beer
New Zealand’s brewers are asking for a temporary cut in excise tax on keg beer to help support struggling bars and restaurants, Stuff.co.nz reported on March 11.

The Brewers Association has asked that the Government immediately reduce the tax paid by half.

It’s the second time the association has asked for excise tax relief.

In May last year, the association campaigned unsuccessfully to get the Government to waive tax on about 50,000 litres of keg beer that were flushed away after they went stale while hospitality businesses were closing during the April national lockdown.

Dylan Firth, the association’s executive director, said: “We believe there is need for additional Government support that can be delivered in an extremely targeted way via an immediate 50 per cent reduction on excise tax for keg beer.”

Firth pointed to action taken in Britain to support hospitality businesses.

“We applaud the UK Government for their wide-ranging initiatives in the recently announced Budget, where for a second year have announced a freeze on all alcohol excise until 2021 and a significantly reduced VAT rate specifically for hospitality businesses of 5 per cent,” he said.

“We feel the impact of lockdowns and level changes here in New Zealand, specifically in the Auckland region, necessitate ...More info on site


Brewery news World: Heineken announces new CFO
Heineken has announced that Laurence Debroux will be stepping down as the company’s CFO, while Harold van den Broek has been named as her successor, FoodBev.com reported on March 10.

Debroux will depart her current CFO and executive board member roles after the company’s annual general meeting of shareholders (AGM) on 22 April 2021.

Heineken’s supervisory board will nominate Harold van den Broek – currently serving as president hygiene at RB (Reckitt Benckiser) – to be appointed as executive board member and CFO at the AGM, for a period of four years. Subject to shareholder appointment, he will join Heineken on 1 June this year, working with Debroux to ensure a smooth transition.

Van den Broek has spent more than 30 years at fast-moving consumer goods companies in a range of finance roles, including as CFO hygiene at RB before he assumed his current role. He began his career at Unilever in 1991, living and working in Europe, across Asia and in Russia.

Commenting on Debroux’s departure, Dolf van den Brink, chairman of the executive board and CEO of Heineken, said: “Over the past six years, she has strongly contributed to Heineken’s success. Most recently, she played a key role in steering the ...More info on site


Brewery news UK: Marston’s CEO to step down
Ralph Findlay, chief executive of Marston’s, is stepping down after 20 years at the helm of the pub group, having recently seen off an unsolicited bid from the US private equity group Platinum, the Financial Times reported on March 11.

Marston’s said Findlay planned to step down at the end of the financial year in September, giving him time to oversee the reopening of pubs for both indoor and outdoor service following the current lockdown. He has led Marston’s since 2001.

Ralph “is one of the longest serving business leaders in an industry which has seen significant change and challenges during that time”, said chairman William Rucker. “He leaves Marston’s in excellent shape and well-positioned to rebuild trading and go from strength to strength when restrictions are lifted.”

Bolstered by the sale of its brewing business into a £780 mln joint venture with Carlsberg in May, Marston’s has been in a stronger position than several other pub groups as the industry has struggled to cope with lengthy closures during the crisis.

In December the group stepped in to operate 156 pubs belonging to the struggling Welsh brewer SA Brain, saving 1,300 jobs. It has faced its own difficulties however, announcing a £40m hit to ...More info on site


Brewery news Nepal: AB InBev announces launch of Budweiser in Nepal
Anheuser-Busch InBev (AB InBev), the world's leading brewer, has announced the launch of its global brand Budweiser in Nepal, fortifying the brewer's presence in South Asia, the Himalayan Times reported on March 12.

With this launch, AB InBev aims to expand its product line-up to cater to evolving consumer preferences and redefine the beer segment in the country.

The world's leading brewer forayed into Nepal last year with the introduction of Foster's beer, in an exclusive partnership with Raj Brewery Pvt Ltd from the Jawalakhel Group of Industries (JGI).

Commenting on the launch, Kartikeya Sharma, president - India and South East Asia, AB InBev, said, "We are thrilled to introduce Budweiser, for our consumers in Nepal which is an important market for us thanks to its growing young adult population and its dynamic beer drinking culture. As a leading brewer, we are committed to constantly introduce top quality products to address the ever-evolving beer preferences of today's consumers."

Since its launch, Budweiser has grown to transcend tastes, cementing its position as the world's most valuable beer brand.

AB InBev, which is headquartered in Leuven, Belgium, is the world's leading brewer with over 600 years of brewing heritage.

The company has a strong footing ...More info on site


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