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E-Malt.com Newsletter 17b
April 29 - May 02, 2021

Quote of the Week

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Currency Rates

Base Currency: US Dollar
on April 30, 2021
Base Currency: Canadian Dollar
on April 30, 2021
      1 USD = 0.8247 EUR
1 USD = 0.7168 GBP
1 USD = 1.2296 CAD
1 USD = 1.2850 AUD
1 USD = 108.8300 JPY
1 USD = 5.3468 BRL
1 USD = 74.4446 RUB
1 USD = 6.4699 CNY
      1 CAD = 0.8132 USD
1 CAD = 0.5829 GBP
1 CAD = 0.6707 EUR
1 CAD = 1.0450 AUD
1 CAD = 88.5000 JPY
1 CAD = 4.3479 BRL
1 CAD = 60.5370 RUB
1 CAD = 5.2612 CNY

Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Brewery news World: Molson Coors Beverage reports Q1 profit that beat expectations ...Click here
Barley news Canada: Barley seeded area this year could be the largest since 2009 ...Click here
Brewery news USA, OR: Ecliptic Brewing to open second location in Southeast Portland ...Click here
Brewery news USA, MA: Castle Island Brewing planning new facility in South Boston ...Click here
World News
Brewery news Nigeria: Guinness Nigeria’s Q1 revenue for nine months till end of March increases by 20% ...Click here
Brewery news Vietnam: Habeco expects sales to be hit badly by Covid-19 this year ...Click here
Brewery news Brazil: Number of breweries up 14.4% in 2020 ...Click here
Brewery news Japan: Kirin Holdings to adapt to changing lifestyles in Japan ...Click here
Barley news Australia & China: Australia increases WTO pressure on China over barley and wine ...Click here
Hops news Australia: Hop Products Australia completes its 2021 harvest ...Click here
Brewery news Belgium: Brewers race to get beer to bars for great reopening ...Click here
Brewery news Ireland: Diageo to scrap Guinness spin-off Hop House 13 beer ...Click here
Brewery news UK: UK pubs facing draught beer shortage ...Click here
Graph of the Week

Table of the Week

Russia Barley Supply & Demand

Table of the week.

Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

These Days in Business History

29 April
1813 - Rubber is patented
1910 - The Parliament of the United Kingdom passes the People's Budget, the first budget in British history with the expressed intent of redistributing wealth among the British public
1913 - Swedish engineer Gideon Sundback of Hoboken patents all-purpose zipper
1953 - The first U.S. experimental 3D television broadcast showed an episode of Space Patrol on Los Angeles ABC affiliate KECA-TV
1977 - British Aerospace forms

30 April
1506 - Philip of Bourgondy and England sign trade agreement
1925 - Automaker Dodge Brothers, Inc is sold to Dillon, Read & Co. for US$146 million plus $50 million for charity
1939 - NBC inaugurates its regularly scheduled television service in New York City, broadcasting President Franklin D. Roosevelt's N.Y. World's Fairopening day ceremonial address
1939 - NBC/RCA 1st public TV demo with Franklin D. Roosevelt at opening of New York World's Fair
1995 - Sun Microsystems launches Java, the universal Internet programming language that brings "white space" and greater interactivity to millions of websites and Internet users

01 May
1876 - The Amsterdam Stock Exchange Association (Vereniging voor de Effectenhandel) is created by 465 Dutch brokers; from now on, only members of the association are allowed to trade on the exchange
1878 - The Tokyo Stock Exchange Co., Ltd., is established, primarily to trade bonds
1925 - The All-China Federation of Trade Unions is officially founded. Today it is the largest trade union in the world, with 134 million members
1972 - Economist Milton Friedman rings the opening bell at the Chicago Mercantile Exchange to inaugurate the world's first day of trading in foreign-currency futures

02 May
1896 - The Dow Jones Industrial Average is first published
1913 - William R. Hewlett, co-founder of Hewlett-Packard Co., is born in Ann Arbor, Mich
1985 - Quantum Computer Services is incorporated in Delaware. In 1991 it changes its name to America Online, Inc.
1998 - The European Central Bank is founded in Brussels in order to define and execute the European Union's monetary policy


May 2021:
12 - 14: Craft Beer China 2021 (Shanghai, China)
18 - 21: Beer 2021 (Sochi, Russia)

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)
20 - 22: drink technology India 2021 (Mumbai, India)

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)
15 - 17: Brasil Brau 2022 (Sao Paulo, Brazil)

More events are available on site e-malt.com

News Articles

Brewery news World: Molson Coors Beverage reports Q1 profit that beat expectations
Molson Coors Beverage Co. said it expects to be in a position to reinstate its dividend in the second half of this year after its first-quarter profit beat expectations even as its revenue dropped nearly 10 per cent from a year ago, the Canadian Press reported on April 29.

The brewery and beverage company suspended its quarterly dividend and furloughed some employees as part of efforts last May due to global uncertainty caused by the COVID-19 pandemic.

Molson Coors, which keeps its books in U.S. dollars, said its net income attributable to shareholders increased to US$84.1 million or 39 cents per diluted share in the first quarter, compared with a loss of US$117 million or 54 cents per share a year earlier.

Net sales for the three months ended March 31 fell to US$1.9 billion, from US$2.1 billion a year earlier.

The company faced a cybersecurity incident, a winter storm in Texas that caused its Fort Worth brewery to lose power and government sales restrictions in Britain in the quarter.

Excluding one-time items, its adjusted profit fell to US$1.6 million or one cent per share, down from US$77 million or 35 cents per share in the first quarter of 2020.

Molson Coors was expected on average ...More info on site

Barley news Canada: Barley seeded area this year could be the largest since 2009
On April 27, Statistics Canada released its first seeded area estimates for 2021 based on their field crop surveys and presented in the Principal Field Crop Areas report

As expected, barley area is forecast up from 2020, with increases also projected for canola, soybeans, flax and corn, while wheat and oat areas are projected lower. The data is based on a survey of producers conducted in March. With significant market volatility in recent months, farmers may have made some adjustments to their seeding decisions since that time which could result in some considerable modifications to the final outcomes

At 8.613 million acres, this would be the largest barley seeded area in Canada since 2009. This will be the fourth consecutive year of increases since 2017 when barley seeded area fell to 5.77 mln acres, its lowest level since the early 1960s.

The increase in seeded barley area this year is driven in particular by the forecast for Saskatchewan (up 24.5%), with higher projections for Manitoba and Alberta as well. While Alberta remains the largest province in terms of barley area at 3.949 mln acres, Saskatchewan is not far behind this year at 3.889 mln acres. The last time Saskatchewan barley seeded ...More info on site

Brewery news USA, OR: Ecliptic Brewing to open second location in Southeast Portland
Oregon’s space-themed Ecliptic Brewing is excited to announce the opening of a second production facility and taproom in Southeast Portland in the summer of 2021, named “The Moon Room”.

Ecliptic Brewing – found and led by Oregon beer legend, John Harris – has signed on to a five-year lease of the former Base Camp Brewing space, located at 930 SE Oak Street. Ecliptic will be both brewing and packaging in the new facility in order to expand beer production for new and existing brands. The new location is well set up for making lagers, so Ecliptic will focus on the production of its new Limited Release Series beer, Pyxis Pilsner, although any of Ecliptic’s offerings may be brewed at the site as well, TheFullPint.com reported on April 28.

Says Harris, Ecliptic’s Owner and Brewmaster, “We’ve been talking about opening another location for a long time now, so we’re really stoked about this opportunity. There’s a lot of work ahead to make it happen, but the team is excited for growth”. Ecliptic has nearly maxed out the production capacity at their original Cook Street location in the Mississippi neighborhood. “A new location allows for so many possibilities – more events, new beers and ...More info on site

Brewery news USA, MA: Castle Island Brewing planning new facility in South Boston
Kaplan Construction announced that it has been hired by Castle Island Brewing Company to perform a 9,500 SF fit out at 10 Old Colony Avenue in South Boston to house a craft brewery slated to open this summer, the Boston Real Estate Times reported on April 27.

Castle Island Brewing is the tenth largest brewery in Massachusetts in a ranking by total 2020 beer production, according to the Boston Business Journal. Located within an existing industrial building, the South Boston location will feature a 4,000 SF main tasting room with seating for 220 people, a retail area, and a 1,900 SF private event space which can accommodate up to 140 people. A quarter of Castle Island’s new space will be reserved for the brewing operations, including a brewhouse and seven 10-barrel tanks. A large focal wall will be made from wood and metal and feature the Castle Island Brewing Company logo.

Brewery newsNigeria: Guinness Nigeria’s Q1 revenue for nine months till end of March increases by 20%
Guinness Nigeria, a subsidiary of Diageo Plc and a leading total beverage alcohol company in Nigeria, has posted a revenue of N114,956,362,000 (one hundred ...More info on site

Brewery newsVietnam: Habeco expects sales to be hit badly by Covid-19 this year
The chief of the company that produces Hanoi Beer, Habeco, expects sales to be hit badly by Covid-19 this year and profits to plummet ...More info on site

Brewery newsBrazil: Number of breweries up 14.4% in 2020
The number of brewing companies continues to increase in Brazil. According to Anuario da Cerveja 2020 published on April 30 by the Ministry of ...More info on site

Brewery news Japan: Kirin Holdings to adapt to changing lifestyles in Japan
The following is excerpted from an interview with Kirin Holdings Co. President Yoshinori Isozaki, the Yomiuri Shimbun reported on April 30.

“The novel coronavirus crisis has drastically changed the way we live. Pandemic lifestyles may even start to feel normal if things continue as they are for another year.

“Alcoholic drinks for home consumption have been selling well. Kirin Brewery Co.’s zero-carb Ichiban Shibori beer is selling much better than anticipated.

“Going forward, our focus will be quality rather than quantity. We intend to accelerate the sales of our craft beer products and our Home Tap server for household use.

“By looking at customer trends, we need to change our sales approach.

“The thinking used to be that if we could get contracts with dining establishments, we would secure stable profits. But unlike overseas, sales to eateries are not profitable in Japan because there are many expenses involved, such as the provision of equipment. This was fine when the market was growing, but now we are in an era when everything is shrinking.

“Nowadays, there are many products for household use and consumers have more choices. The company decided to enhance its brand power and focus on the home market even though the path forward has ...More info on site

Barley news Australia & China: Australia increases WTO pressure on China over barley and wine
Australia is on course for a showdown with China at the World Trade Organisation over Beijing’s tariffs on Australian barley after the two sides clashed in Geneva on Wednesday, April 28, The Australian Financial Review reported.

China rejected Australia’s bid to set up a three-member independent panel of experts to resolve the dispute, but under WTO rules, Beijing will be forced to agree to the panel at the next meeting of the Organisation’s Dispute Settlement Body (DSB) on May 28.

The barley imbroglio will be the first of Australia’s trade spats with China to move into a formal WTO dispute process, although a separate stoush over wine was also discussed in Geneva this week.

Beijing hit Australian barley with a 73.6 per cent anti-dumping duty and a 6.9 per cent countervailing duty last May, in a move Canberra regards as politically motivated.

Previously about half of Australia’s feed barley and 86 per cent of its malting barley, by value, was exported to China – but that trade has withered since Beijing’s taxes took effect.

Australia’s trade diplomats began raising the issue at WTO meetings late last year, and the barley industry appealed to China’s commerce ministry to reverse the decision – all to no avail. ...More info on site

Hops news Australia: Hop Products Australia completes its 2021 harvest
Australia’s leading hop grower Hop Products Australia (HPA) has completed its 2021 harvest, picking 675 hectares across their three farms that yielded 1,526 metric tonnes, the Beer and Brewer reported on April 29.

This represented a 44 hectare (+6.9%) increase and a 25 metric tonne (-1.6%) decrease year-on-year across six proprietary varieties: Eclipse; Ella; Enigma; Galaxy; Topaz; and Vic Secret – as well as the non-proprietary Cascade. Ella came in 22% under contracted volumes while Topaz and Cascade yields were significantly down on the previous year, but HPA said that was due to reductions and idling of acreage for those two varieties.

With responsible contracting in place HPA said it will meet all of their obligations with the exception of Ella and that it will now work with breweries to minimise the impact of that, including suggesting replacement hops from their international and advanced product portfolio.

Despite the La Niña weather pattern causing total yield to come in under expectations the return on HPA’s star hop Galaxy grew 7.2% to total 974 metric tonnes. This follows a 24% increase last year over the 2019 harvest

Managing Director Tim Lord said: “This marks 11 years of continuous growth for Galaxy, with the exception of 2016 ...More info on site

Brewery news Belgium: Brewers race to get beer to bars for great reopening
Belgium's cafe terraces will not re-open to thirsty beer drinkers for another week but the country's renowned brewers are already all hands to the pump, France 24 reported on April 30.

Six months after the country went into a second coronavirus lockdown, proud bar owners and beer makers alike are keen to get back to business.

They are confident their countrymen and women have not lost their taste for Belgium's world-famous brews, but the task of getting new barrels into cellars is huge.

And - with interior service still banned and social distancing in place - time is running out for some in an industry that has already been hit hard by the pandemic.

"It's a whole machine that needs to be put back on the road," explains Lionel Van Der Haegen, director of the Silly brewery, in the Belgian village of the same name.

The brewery is working hard, but Van Der Haegen fears for the bars that take his beer. "Some have gone bankrupt," he told AFP. "Every day counts. We need to reopen as soon as possible."

Halting Belgium's draft beer cycle in October was a massive logistical exercise it its own right.

In normal times, heavy beer barrels are rolled into bar cellars ...More info on site

Brewery news Ireland: Diageo to scrap Guinness spin-off Hop House 13 beer
The Guinness spin-off beer brand Hop House 13 is reportedly set to be discontinued amid declining sales, the Irish Post reported on April 29.

According to an exclusive report in The Grocer, Diageo is to cease the sale of the craft beer brand in the UK.

Originally launched in the hopes of cashing in on the craft beer boom, the Guinness spin-off has been delisted by its parent company.

As a result, the beer will soon be unavailable in supermarkets, pubs and bars.

It represents a remarkable decline for a brand that had initially sold well in the UK, ranking among the best-selling brands with critics and customers praising it as a refreshing alternative to the lagers and beers already on offer.

However, a slump in sales during the pandemic despite soaring alcohol consumption during the pandemic has put paid to the brand in the UK with other regions potentially following.

The Grocer reports that Hop House lost 8.7% of its value over the 52 weeks to September 5th, 2020 while sales fell £2.5m to £26.7m with volumes down 12.5%.

Guinness, by contrast, added £27m to its value, rising to £104.5m over the same period with an overall 35% gain.

A spokesperson for the drinks company confirmed the ...More info on site

Brewery news UK: UK pubs facing draught beer shortage
UK pubs are facing a shortage in draught beer after a considerable surge in demand as lockdown eases once again, The Drinks Business reported on April 27.

It has been reported that Heineken UK is now limiting pubs to ordering no more than three kegs a week of certain beers, after a huge uptick in demand for beers including Bira Morretti and Amstel.

After more than 10 million Brits headed back to their locals in the wake of easing lockdown restrictions, Heineken UK has allegedly told pubs to order no more than three kegs a week to help cope with supply issues.

Demand for draught beer had “totally surpassed our most optimistic forecasts”, Heineken UK told MailOnline, adding that its breweries were “working round the clock” to keep up with the surge.

Regional representatives coordinator for the Campaign for Pubs, Alastair Kerr, said of the shortages:

“The beer shortage issues that are being faced my some publicans across the UK is a serious problem that is affecting their ability to trade efficiently and turn a profit.

“Since reopening, pubs have faced an increase in demand from customers as many people flocked to pubs across the UK, so it is a real shame that some pubs are ...More info on site

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