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E-Malt.com Newsletter 14a
April 05 - April 07, 2021
Quote of the Week
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Currency Rates
Base Currency: US Dollar
on April 07, 2021 |
Base Currency: Canadian Dollar
on April 07, 2021 |
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1 USD = 0.8451 EUR
1 USD = 0.7217 GBP
1 USD = 1.2551 CAD
1 USD = 1.3078 AUD
1 USD = 110.0800 JPY
1 USD = 5.6356 BRL
1 USD = 76.7585 RUB
1 USD = 6.5465 CNY
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1 CAD = 0.7966 USD
1 CAD = 0.5749 GBP
1 CAD = 0.6732 EUR
1 CAD = 1.0418 AUD
1 CAD = 87.7000 JPY
1 CAD = 4.4895 BRL
1 CAD = 61.1485 RUB
1 CAD = 5.2152 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Craft beer market share down but number of breweries reaches an all-time high last year
...Click here
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USA, MN: Minnesota’s brewers see 18% decline in sales last year
...Click here
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USA, NY: Other Half Brewing announces opening of Williamsburg taproom and production facility
...Click here
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USA, CA: Humble Sea Brewing Co. set to open its doors in the Santa Cruz Mountains
...Click here
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USA, KY: Epiphany Brews plans to open its doors in Louisville in early summer
...Click here
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Canada: Molson Coors reaches agreement with locked-out workers at Toronto brewery
...Click here
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USA, TX: Bankhead Brewing Company to open its second location in Fort Worth
...Click here
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USA, MA: Encore Boston Harbor and Night Shift Brewing preparing to open a brew pub restaurant at Everett casino
...Click here
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Brazil: New malting plant to be constructed in Campos Gerais
...Click here
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Italy: Despite challenging 2020 beer market sees EUR2 bln turnover for the first time
...Click here
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Thailand & Singapore: ThaiBev gets conditional eligibility-to-list letter for listing of its brewery unit on the SGX mainboard
...Click here
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Myanmar: Carlsberg planning to reduce production capacity in Myanmar - report
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Australia: Barley exports successfully diverted into other markets following China ban
...Click here
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India: On-trade beer sales down 11.7% in last quarter of 2020
...Click here
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Australia: Brewers want government to slash beer tax for pubs and clubs
...Click here
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Nigeria: Shares of Guinness Nigeria Plc up 47.07% in March
...Click here
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South Africa: Alcohol industry associations complain about ban on off-site consumption trade over the Easter weekend
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Graph of the Week
Table of the Week
USA Hop Exports (Including Extracts)
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
05 April
1768 - 1st U.S. Chamber of Commerce forms
1869 - Celluloid is patented
1886 - George Eastman places Kodak Camera on sale for 1st time
1926 - Varney Airlines makes its first commercial flight (Varney is the root company of United Airlines)
1957 - Greek shipping tycoon Aristotle Onassis buys the Hellenic National Airlines (TAE) and founds Olympic Airlines
06 April
1869 - 1st plastic, Celluloid, patented
1909 - 1st credit union forms in US
1992 - Microsoft announced Windows 3.1, upgrading Windows 3.0
07 April
1348 - Prague University, 1st university in central Europe, formed by Charles IV
1902 - Texaco, Oil Company forms
1927 - First long-distance public television broadcast (from Washington, D.C., to New York City, displaying the image of Commerce Secretary Herbert Hoover)
1933 - Prohibition in the United States is repealed for beer of no more than 3.2% alcohol by weight, eight months before the ratification of the XXI amendment
1948 - World Health Organization forms by U.N.
1964 - IBM announces the System/360
1969 - The Internet's symbolic birth date: publication of RFC 1
1999 - The World Trade Organization rules in favor of the United States in its long-running trade dispute with the European Union over bananas
Agenda
April 2021:
12 - 14: Beer & Food Attraction 2021 (Online)
16 - 18: Cerveza Mexico Expo 2021 (Mexico City, Mexico)
27 - 29: 1st VLB International Craft Brewing Conference (Online)
May 2021:
12 - 14: Craft Beer China 2021 (Shanghai, China)
17 - 23: Budapest Beer Week 2021 (Budapest, Hungary)
18 - 20: Beer 2021 (Sochi, Russia)
June 2021:
15 - 17: Brasil Brau 2021 (Sao Paulo, Brazil)
July 2021:
01 - 03: Helsinki Beer Festival 2021 (Helsinki, Finland)
August 2021:
06 - 07: Tallinn Craft Beer Weekend 2021 (Tallinn, Estonia)
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:
02 - 04: Fdt Africa 2021 (Midrand, South Africa)
03 - 06: VIETFOOD & BEVERAGE - VIETNAM 2021 (Ho Chi Minh City, Vietnam)
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)
News Articles
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USA: Craft beer market share down but number of breweries reaches an all-time high last year
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The Brewers Association (BA) — the trade association representing small and independent1Opens in new window American craft brewers — on April 6 released annual production figures for the U.S. craft brewing industry.
In 2020, small and independent brewers collectively produced 23.1 million barrels of beer and realized a 9% decline, decreasing craft’s overall beer market share by volume to 12.3%, down from 13.6% the previous year.
The overall beer market dropped 3% by volume in 2020. Retail dollar value was estimated at $22.2 billion, representing 23.6% market share and a 22% decline over 2019. Craft brewers provided more than 138,000 direct jobs, a 14% decrease from 2019.
“2020 was obviously a challenging year for many small brewers, but also one that proved their resilient and entrepreneurial nature,” said Bart Watson, chief economist, Brewers Association. “In a year where U.S. draught sales were down more than 40%, small brewers found new ways to connect with their customers and keep their businesses running.”
The number of operating craft breweries continued to climb in 2020, reaching an all-time high of 8,764, including 1,854 microbreweries, 3,219 brewpubs, 3,471 taproom breweries, and 220 regional craft breweries. Throughout the year, there were 716 new brewery openings and
...More info on site
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USA, MN: Minnesota’s brewers see 18% decline in sales last year
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It probably comes as no surprise that American alcohol consumption grew during the pandemic, but that hasn’t necessarily benefitted Minnesota’s brewers, the Twin Cities Business Magazine reported on April 5.
In 2020, the state’s craft breweries saw an 18 percent year-over-year decline in sales, according to a new report from the University of Minnesota Extension.
University economists say the sales decline doesn’t fully capture the depth of loss last year. Alongside a drop in revenue, many breweries had to make costly operational changes to adjust to the pandemic. They also faced a decline in on-site food sales.
“Margin-wise, breweries had a tough year, and it may take them a few years before they’re able to fully recover,” said Brigid Tuck, a senior economic impact analyst with the U of M Extension.
The university conducted the report on behalf of the Minnesota Craft Brewers Guild, the state’s trade group for small brewers. The U.S. Economic Development Administration provided funding for the study through a pandemic recovery program, Tuck said.
The report was partially based on survey responses from 95 members of the Minnesota Craft Brewers Guild. Minnesota is now home to 183 breweries, which means the survey covered more than half of the industry.
Researchers also relied
...More info on site
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USA, NY: Other Half Brewing announces opening of Williamsburg taproom and production facility
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Other Half Brewing co-founders Andrew Burman, Matt Monahan and Sam Richardson are pleased to announce the opening of and start of brewing at Other Half Domino Park, the brewery’s Williamsburg taproom and production facility at 34 River Street in One South First at the Domino Sugar redevelopment site, Brewbound reported on April 4.
Other Half Domino Park’s five bbl pilot brewing system enables the team to focus on smaller batch and more experimental beers and styles that they have not brewed before, including seltzers and fruited beers, as well as classic Other Half beers brewed with new yeast strains and dry-hopping schedules. Other Half’s seltzers are scheduled to be on-tap starting in April with canned seltzers launching by summer.
Beers brewed at Domino Park are available to go from the taproom, via curbside pickup or neighborhood bike delivery. Limited on-site consumption in the Taproom and seasonal patio seating is available in accordance with COVID-19 restrictions. Other Half Domino Park also offers a curated selection of wine, with a menu of craft cocktails, Champagne and small-batch spirits available starting this summer.
“The intimate brewing system at Domino Park allows us to try new techniques and brew with new hops and yeast strains to create
...More info on site
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USA, CA: Humble Sea Brewing Co. set to open its doors in the Santa Cruz Mountains
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The beer that’s quickly become a Westside staple will soon be served in the Santa Cruz Mountains as Humble Sea Brewing Co. is set to open its doors at the historic Felton Cremer House early this summer, the Santa Cruz Sentinel reported on April 2.
“It’s about the most exciting thought possible right now,” Humble Sea Brewing Co-founder Taylor West said. “This is our hometown — where we grew up — and it feels great to be able to come back to that space in the most iconic area of Felton. There’s a lot of pressure to do well in this location.”
The new establishment, dubbed Humble Sea Tavern, will feature a full kitchen, a bar and of course, draft beer.
“It will be a much more sophisticated kitchen, compared to the Westside which is a very minimal, beer-focused space,” West said. “We will have a liquor license, a full kitchen, the same beer offerings, plus more, like cocktails.”
The Cremer House — at 6256 Highway 9 in Felton — dates back to the 1870s. Most recently the institution became a Felton staple as a restaurant and Santa Cruz Mountain Brewing alehouse, an operation that folded during the COVID-19 pandemic.
The downtown location is a
...More info on site
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USA, KY: Epiphany Brews plans to open its doors in Louisville in early summer
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A new micro-brewery right off one of Louisville's busiest streets plans to open its doors in the early summer, the Courier Journal reported on April 2.
Epiphany Brews, which will operate at 1525 Highland Ave. behind a post office and right off Baxter Avenue, plans to launch in June, said Ivor Chodkowski, one of the co-owners of the endeavor.
Chodkowski, a farmer at Field Day Family Farm, is pairing up with friends and fellow co-owners Erik Vaught and Nicholas Clark, who will oversee the brewing operations.
Chodkowski said Epiphany Brews will be a "small-scale beer production and a small taproom." He said the micro-brewery will have 40 seats indoors and 20 outdoors and will sell dozens of varieties of beer, including some bourbon-barrel beers.
"We hope to do as many of our own taps as possible, but certainly we will have some collaboration with other breweries, and we'll want to feature their beers as well," Chodkowski said.
The micro-brewery hopes to partner with some food trucks to deliver dining options to the space as well, Chodkowski said — though, he added, that they will not have food options immediately upon opening.
Chodkowski was one of several partners to launch Harvest, a farm-to-table restaurant in NuLu, back
...More info on site
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Canada: Molson Coors reaches agreement with locked-out workers at Toronto brewery
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Workers at one of Molson’s biggest breweries in the country will be heading back to work on April 6, after ratifying a contract agreement with the company to end a six-week lockout, The Standard reported.
Members of the Canadian Union of Brewery and General Workers, Local 325, were locked out of the Toronto brewery on Carlingview Drive on Feb. 20.
Local 325 members approved the deal 149-117 in voting that took place Saturday, April 3 and Sunday, April 4, according to sources familiar with the vote who weren’t officially authorized to speak publicly about the deal. Union leadership had recommended approval of the deal, which was reached on April 1.
Molson Coors Canada CEO Fred Landtmeters said in an emailed statement the company was “excited” to have reached an agreement.
“Molson Coors has a long history of providing well-paying jobs that help our employees support themselves and their families and we are excited to have reached an agreement with Local 325 that is both fair to employees and keeps our brewery competitive in a changing market,” Landtmeters said.
Local 325 president Gaurav Sharma didn’t respond to requests for comment.
The new collective agreement approved by the union members includes many of the same contentious provisions that
...More info on site
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USA, TX: Bankhead Brewing Company to open its second location in Fort Worth
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The 2020 recession pummeled restaurants and bars across the country. In Fort Worth, the shuttering of Funkytown Fermatorium (Deep Ellum Brewing Company’s short-lived offshoot) was an especially significant loss to the local restaurant and brew scene, the Fort Worth Weekly reported on April 4.
When Vivek Rajbahak heard about the vacated space, the owner of Bankhead Brewing Company thought the building sounded like an ideal opportunity to build a second location for his Rowlett-based business. Funkytown Fermatorium had a custom-built wood-fired oven that fit Bankhead Brewing’s pizza-centric food model, and the former brewpub provides the chance to brew beers while serving a full menu.
The former Funkytown Fermatorium “offers a great space near downtown with a lot of exposure that would allow us to get our doors open in a couple of months versus if we were starting from scratch,” Rajbahak said.
The owner is aiming to open his new brewpub in early May.
While the new occupants of 611 University Dr. bear the name “Brewing Co.,” Rajbahak said the new space is no mere brewery.
“We are a brewpub,” he said. “We will be a hybrid between a restaurant and a brewery with a food-first mentality. We want folks to
...More info on site
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USA, MA: Encore Boston Harbor and Night Shift Brewing preparing to open a brew pub restaurant at Everett casino
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Encore Boston Harbor and Night Shift Brewing are preparing to open a brew pub restaurant in the massive casino, a collaboration that involves two of the major players in the reinvention of Everett’s industrial waterfront, The Boston Globe reported on April 5.
The casino said it will welcome patrons at the Night Shift Brewing Kitchen and Tap starting April 15 in the space once occupied by Encore’s Waterfront restaurant, which closed during the pandemic.
The announcement comes as the casino is preparing for what it hopes will be a fuller reopening in coming months, provided that increasing vaccinations are able to reverse a recent trend of rising COVID-19 transmission. The casino closed in March 2020, then reopened in July with strict protocols in place. It has not come close to reaching its state-imposed limit of 40 percent of normal capacity since then.
But in a recent interview, Encore Boston Harbor president Brian Gullbrants said the facility is starting to see signs of an increase in visitors, especially among people who have been fully vaccinated.
“Everybody’s talking about the pent-up demand and the roaring ’20s. I think we’re starting to see the beginning of that,” Gullbrants said. “As vaccinations are making people more comfortable, people
...More info on site
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USA, TX: Vacancy Brewing already open in Austin
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New East Congress area brewery Vacancy Brewing opened last week as of Friday, April 2 on 415 St. Elmo Road, the Eater Austin reported.
The brewery is led by head brewer Brent Watson, who had overseen the beer at now-closed Austin restaurant and brewery the Brewer’s Table as well as Berkeley brewery Trumer Pils.
The taproom is open for on-site services, and to-go cans are available as well.
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Brazil: New malting plant to be constructed in Campos Gerais
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Campos Gerais, a municipality in the south of the Brazilian state of Minas Gerais, is expected to soon become home of a new malt
...More info on site
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Italy: Despite challenging 2020 beer market sees EUR2 bln turnover for the first time
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Despite a challenging year, beverage sales in Italy recorded a positive result in 2020, with the beer market seeing a €2 billion turnover for
...More info on site
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Thailand & Singapore: ThaiBev gets conditional eligibility-to-list letter for listing of its brewery unit on the SGX mainboard
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Beer and liquor giant Thai Beverage Public Co (ThaiBev) announced that the Singapore Exchange Securities Trading Limited (SGX-ST) had, on April 1, issued its
...More info on site
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Myanmar: Carlsberg planning to reduce production capacity in Myanmar - report
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Several foreign firms face the fallout of the escalating tumult in Myanmar including the Danish brewer Carlsberg, ScandAsia.com reported on April 6.
According to AFP,
...More info on site
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South Korea: HiteJinro’s beer sales up 12% in 2020
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HiteJinro has been leading the growth and development of the domestic beer market through endless innovations based on its 90 years of brewing technology, the Korea Times reported on April 5.
Its lineup of beer products varies from its signature item Hite beer and the country's first all-malt Max beer, to the country's first sparkling beer, FiLite.
HiteJinro was the first local brewery to attach a thermometer to its beer labels in 1995 to provide guidance to customers on optimal serving conditions. Three years later, it introduced a real-name production system and invented new brewing technology to manage beer temperature.
It launched its latest lager brand Terra three years ago with an ambition to capture the best-selling beer title.
The lager sold over 1.65 billion bottles in two years since its introduction, which the brewery breaks down as 26 beers sold every second, making it the fastest-selling beer here.
In fact, it sold 1 million boxes in the shortest period of any beer here ― 100 million bottles in 100 days and 680 million bottles in one year.
The explosive popularity of Terra led to 105 percent sales growth in 2020 year-on-year. This is a significant result considering that the alcoholic beverage market here has experienced
...More info on site
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Australia: Barley exports successfully diverted into other markets following China ban
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Australia’s rural exports rose by A$261 million in February, with cereal grains leading the way despite the ongoing trade tensions with China, the Farm Weekly reported on April 6.
The bumper winter crop was the big driver behind the monthly haul of A$4.22 billion, the seven per cent month-on-month increase.
The Department of Foreign Affairs and Trade revealed in the recent Senate estimates that the impact of the Chinese tariff on Australian barley - which effectively closed the market - had been offset by new markets in Saudi Arabia, Kuwait, United Arab Emirates and Thailand.
"Barley is actually an interesting story, because while exports [to China] have been negligible since May 2020, our exports to the rest of the world have actually increased partly because we had bumper crops," DFAT chief economist Jenny Gordon said.
"I know some of my colleagues are very active in continuing to seek market access for barley, malting and feed barley."
Labor senator Penny Wong grilled the DFAT officials about how much damage the Chinese barley tariff had inflected to farmers and the national economy.
"The barley has been successfully diverted into other markets," Dr Gordon said.
"The value of barley exported was A$250 million in January 2021, which was sort of
...More info on site
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India: On-trade beer sales down 11.7% in last quarter of 2020
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Despite the Indian government’s efforts to the drive the economic activity, people remain reluctant to travel and dine-out, driving down the ‘on-trade’ volumes of beverages, says GlobalData, a leading data and analytics company.
GlobalData’s report, ‘India Beverages Consumption Trends and Forecasts Tracker, Q4 2020 (Dairy and Soy Drinks, Alcoholic Drinks, Soft Drinks and Hot Drinks)’ reveals that ‘dairy & soy drinks & milk alternatives’ sector was the only one to see its volumes rise in Q4 2020, led by strong growth in fermented milk, flavored milk and white milk categories.
Soft drink volumes posted a sharp decline of 24.1% in Q4 2020 over the same quarter of the previous year with several categories registering double digit declines, even as enhanced water grew by 4.7%. Bulk/HOD water also fell by 32.5% in the same period.
Biswarup Bose, Consumer Analyst at GlobalData, says: “The fall in the tourism industry in the wake of the COVID-19 pandemic led lockdowns and travel restrictions coupled with consumer reluctance to travel even after the easing of restrictions have contributed to the strong reductions in the ‘on-trade’ channels.”
Alcoholic drinks also suffered due to the lack of enthusiasm among the consumers to step-out and socialize, with the volumes declining by 7.7%
...More info on site
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Australia: Brewers want government to slash beer tax for pubs and clubs
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Australian brewers want the federal government to slash the beer tax for pubs and clubs to help lift the hospitality sector out of its COVID-19 hangover, 7NEWS.com.au reported on April .
In a submission for next month's federal budget, the Brewers Association of Australia pleads its case for a 50 per cent reduction in the excise rate on draught beer.
The peak industry body says small to medium pubs that buy about 15 kegs a week would save A$465 a week in beer tax under the proposal, allowing businesses to pour more money into promotions or pay down debt.
John Preston, chief executive of the group that represents major Australian brewers Carlton & United Breweries, and Lion and Coopers, argues a significant cut would help venues cope with future lockdowns and ongoing capacity limits.
"A 50 per cent reduction in the excise rate on draught beer would deliver a massive boost to hospitality business owners at a relatively small cost to the government," he said on Wednesday.
"Beer anchors pubs and clubs, and these businesses need a break."
Under its modelling, the Brewers Association says a 50 per cent reduction would cost the federal treasury A$150 million from its annual beer tax revenue of A$2.5 billion.
"Beer
...More info on site
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Nigeria: Shares of Guinness Nigeria Plc up 47.07% in March
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Shares of Guinness Nigeria Plc in March increased by a whopping 47.07% following sustained buying pressures in the company shares, the Nairametrics reported on April 5.
This move led to a total of N23.8 billion increase in the market capitalization of the brewing company in March.
Data tracked on the Nigerian Stock Exchange website revealed that the market capitalization of Guinness Nigeria Plc rose from N50.5 billion on the 26th of February to N74.3 billion on the 31st of March.
The impressive 47.07% increase in the share price of Guinness was driven by investors buying interest in the shares of the brewer.
The buying interest (driven by the expectation of a sustained reopening of the on-trade channel as restaurants and bars reopen) has seen the shares of the company gain about 78% year-to-date.
The NSE Consumer Goods Index, an investable benchmark designed to track the performance of consumer goods companies like Guinness, depreciated by 3.71% in March following sustained sell down in the shares of listed consumer goods companies on the NSE.
The bearish performance of the index was driven by the decline in the shares of NNFM, Champion Breweries, PZ, NB, Dangote Sugar, and eight others; while shares of Guinness Nigeria Plc and Vitafoam returned
...More info on site
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South Africa: Alcohol industry associations complain about ban on off-site consumption trade over the Easter weekend
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The South African alcohol industry associations have complained about the government's ban on off-site consumption trade over the Easter weekend saying it would once more, cause irreparable damage to the sector, IOL reported on April 4.
Sibani Mngadi, chairperson of the South African Liquor Brandowners Association, said the alcohol industry and its value chain had been devastated by three bans over the past 12 months, totalling 19 weeks of lost days of trade.
Mngadi said they had repeatedly stated that any further bans would cause irreversible damage to small- and medium-sized businesses and that they would be unlikely to survive.
“The cumulative impact of the last three alcohol bans led to a loss in sales revenue of R36.3 billion, putting 200 200 jobs at risk in the nation's informal and formal economy, and R29bn in tax revenue loss for the government”.
Mngadi said while the decision to keep the on-site consumption trading environment open under the licence conditions and limitations of the curfew was welcomed over Easter, with taverns, bars, restaurants playing a critical part of the tourism business which needed assistance to recover.
“We are, however, deeply disappointed with the decision to restrict off-site consumption trade over the weekend and we do not understand
...More info on site
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