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E-Malt.com Newsletter 20a
May 17 - May 19, 2021
Quote of the Week
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Currency Rates
Base Currency: US Dollar
on May 19, 2021 |
Base Currency: Canadian Dollar
on May 19, 2021 |
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1 USD = 0.8195 EUR
1 USD = 0.7048 GBP
1 USD = 1.2046 CAD
1 USD = 1.2828 AUD
1 USD = 108.9900 JPY
1 USD = 5.2636 BRL
1 USD = 73.7161 RUB
1 USD = 6.4254 CNY
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1 CAD = 0.8300 USD
1 CAD = 0.5850 GBP
1 CAD = 0.6802 EUR
1 CAD = 1.0648 AUD
1 CAD = 90.4600 JPY
1 CAD = 4.3688 BRL
1 CAD = 61.1853 RUB
1 CAD = 5.3332 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, NV: Schussboom Brewing Company to open its doors on June 2
...Click here
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USA, AR: The Three Birds Brewing Company holds ribbon-cutting ceremony in El Dorado
...Click here
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Canada, NB: Saint Andrews Brewing Company produces its first batch of kegged beer
...Click here
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USA, NC: Paddled South Brewing ready to open its doors in High Point
...Click here
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USA, OH: Bummin’ Beaver Brewery hoping to open around July 4
...Click here
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USA, FL: Heineken not to challenge a craft brewer’s “Tropical Bay IPA” trademark
...Click here
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USA, TX: Compadre Brewing shutting down its operations for good
...Click here
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Asia & Africa: Good malt sales reported from Southeast Asia and outhern Africa
...Click here
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World: Leading beer producing countries report declines in sales, except for China
...Click here
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South Korea: HiteJinro’s Q1 beer sales slide 3.3% yoy
...Click here
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South Africa: Heineken confirms talks on possible acquisition of South Africa’s Distell
...Click here
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Malaysia: Carlsberg Brewery Malaysia posts 8.9% net profit decline in Q1
...Click here
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EU & UK: Spring malting barley surplus in core producing nations forecast at 500 thousand tonnes
...Click here
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EU: Barley production forecast increased to 55.4 mln tonnes - Coceral
...Click here
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Germany: Both winter and spring barley area down this year
...Click here
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Australia: Beer consumption down, wine and spirits up during Covid-19 period
...Click here
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Belgium: Trappist monks of the Abbey of Rochefort win another important court battle for water
...Click here
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Nigeria: Nigerian Breweries appoints new Managing Director and CEO
...Click here
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Graph of the Week
Table of the Week
EU Malt Exports
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
17 May
1892 - George Sampson patents clothes dryer
1921 - Belgian-Luxembourg sign customs union
1968 - European Space Research Org launches 1st satellite
18 May
1801 - Well over a century after stock trading began in Britain, the cornerstone of the stock exchange building is finally laid in the City of London
1804 - Napoleon Bonaparte is proclaimed Emperor of the French by the French Senate
1822 - Frederic Passy is born, French economist/pacifist, Nobel 1901
1954 - European Convention on Human Rights goes into effect
1969 - Apollo program: Apollo 10 is launched
19 May
1892 - Charles Brady King invents pneumatic hammer
1913 - William Reddington Hewlett is born, American Businessman
1939 - 1st regular transatlantic airmail (New York to Marsseille France)
Agenda
May 2021:
18 - 21: Beer 2021 (Sochi, Russia)
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)
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)
News Articles
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USA, AR: New breweries planned across Arkansas
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Craft beer in Arkansas has grown by leaps and bounds over the past 10 years, the Fayetteville Flyer reported on May 14.
In 2011 there were only six breweries in the state. Today there are 47, with another due to open tomorrow, and several more on the way.
Here’s a rundown of the breweries that have opened (or plan to open) this year.
Native Dog Brewing opened in Camden on January 30th. Pharmacists Bobby and Lauren Glaze launched the south Arkansas brewery after deciding it was better to dispense beer than medication. The brewery’s mascot is Baxter, a stray dog the couple picked up while interning at a pharmacy on a Sioux reservation in South Dakota.
Jacksonville’s Blade & Barrel Brewing Co. opened on March 11. It’s a unique setup, with a full-service barbershop and kitchen. Jay Ragsdale, one of the brewers at Blade & Barrel, previously brewed at Diamond Bear Brewing Co. and was a part of the group that tried to launch Blood Eagle Brewing Co. in Little Rock a few years ago.
Three Birds Brewing Co. opens today in El Dorado. Co-owner Brad Lange has already brewed a collaboration beer with nearby Camden’s Native Dog. The beer’s name—L.A. Haze—is presumably a reference
...More info on site
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USA, NV: Schussboom Brewing Company to open its doors on June 2
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Opening a business during a pandemic can have its challenges. Especially, a project the size of Schussboom Brewing Company. Crews broke ground on the old Shop n Go store in Reno last August and expanded it to 10,000 square feet. Now they are putting the finishing touches on the new brewery and restaurant, KTVN reported on May 17
"Just making sure everything is picture perfect and where we want it to be so that we're good and ready to open," Briana Wagner, President of Schussboom Brewing Company said. "I know people are super excited, as are we and I think our timing is wrapping up just perfectly with the vaccine rollout, with the mandates being lifted and with summer time."
The business will open its doors June 2 but its eight recipes of beers will not be available yet. The first batches will start brewing this Saturday and should be done in late June to mid-July.
"We will have great beers as well as craft cocktails and wine in our restaurant open, and then as our beers are done, then we'll start releasing those but we want to make sure that they're perfect," Wagner said.
That delay is one of several challenges created by
...More info on site
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USA, AR: The Three Birds Brewing Company holds ribbon-cutting ceremony in El Dorado
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The Three Birds Brewing Company, along with the El Dorado-Union County Chamber of Commerce, held its ribbon cutting ceremony on Friday, May 14, the same day as the brewery’s grand opening, the El Dorado News-Times reported.
The name Three Birds pays homage to the number of children business owners Brad and Rachel Lange have. It is also an homage to a Bob Marley song, “Three Little Birds,” that the married couple enjoys. They have some of the song’s lyrics framed within the establishment.
To help welcome the brewery as a Chamber member, other Chamber members and business owners were in attendance and bought some of the craft beer offerings to celebrate the day.
Three Birds Brewing Company is located at 1805 N. West Ave.
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Canada, NB: Saint Andrews Brewing Company produces its first batch of kegged beer
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Just in time for patio season, Saint Andrews has its own craft brewery, country94.ca reported on May 15.
The Saint Andrews Brewing Company has produced its first batch of kegs – starting with the Herringbone Pub Ale, an English-style bitter and the Wharfbound Hazy Pale Ale – now available at the Red Herring pub.
Ian Covey, one of the brewery’s co-founders, says they plan to cycle through different styles as the seasons change.
Covey has been in the craft brewing industry for around seven years, and began working to open a brewery in Charlotte County back in 2017.
“The next evolution for people in the industry long enough is they want to be their own boss and start their own brewery,” he said.
It wasn’t until Covey met his eventual cofounders Dwayne and Jessica Doucette during the summer of 2018 that the Saint Andrews Brewing Company began to take off.
The owners’ goal is to eventually be able to grow enough to have a dedicated space that can become a part of the seaside community.
“Mostly we want to give people something that they can be proud of,” Covey said. “We want to create a community brewery that people are going to be able to come in
...More info on site
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USA, NC: Paddled South Brewing ready to open its doors in High Point
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A new craft beer brewery two years in the making is ready to open its doors in downtown High Point, the Yahoo News reported on May 15.
Paddled South Brewing has announced it will open May 27 at 602 N. Main St.
"We've been working on it just about two years now," said Patrick Watterson, who co-owns the brewery with Dave Nissen. "Of course, the challenge was getting things going and then COVID hit and kind of shut down everything. But timing-wise, it's probably worked out better."
The brewery is leasing a 1,600-square-foot space next to Atlantic Realty and Property Management.
"The space is in a very unique building. The building is from 1935 and we've got 14-foot ceilings with it, so it's a very open concept," Watterson said.
The interior includes a mural that's 50 feet long and there are two large glass garage doors in the front and rear of the building.
The inside includes a taproom with space for 49 people, and there is also outdoor space for seating.
The brewery plans on having nine or 10 beers on tap, all of which will be the owners' recipes. Nissen is the head brewer.
They have an interest in multiple beer styles, such as traditional IPAs,
...More info on site
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USA, OH: Bummin’ Beaver Brewery hoping to open around July 4
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Bummin’ Beaver Brewery is built on, of all things, tragedy, clevelan.com reported on May 17.
A failed attempt by a beaver to cross a road near the Mahoning River offered inspiration for the owners of the planned Auburn Township brewery.
Tony Solitro’s day job with Thomas Steel Strip in Warren occasionally takes him to the area to collect water samples. Side streams snake their way from the river, and there’s a nearby dam.
“I would see them once in a while,” Solitro said. “One day I went down there and the beaver tried to cross the road, and someone ran over its tail. He crawled to the side of the road and died. I’m looking, and I’m just bummed out. Beaver … and boom!”
It’s been said inspiration comes in all ways, and this was certainly non-traditional.
“Hence the logo with the X’d-out eyes,” said Solitro, who owns the brewery with Mike and Dave Rutana.
Solitro, a chemist, is from Portage County originally. Dave Rutana grew up in Bedford Heights and then Maple Heights, and worked at IT executive levels. Mike, his son, is a geologist whose day-job schedule allows him to check out breweries all over.
The trio hopes to open around July 4, but that’s
...More info on site
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USA, FL: Heineken not to challenge a craft brewer’s “Tropical Bay IPA” trademark
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A Heineken subsidiary has agreed not to challenge a craft brewer’s “Tropical Bay IPA” trademark, laying to rest the bulk of a US federal lawsuit, the World Intellectual Property Review reported on May 17.
Heineken-backed Cervecería La Tropical (La Tropical) confirmed its decision on May 14 at the US District Court for the Southern District of Florida.
In 2020, Tropical unveiled plans to launch a new brewery in Miami and threatened to sue craft brewer Biscayne Bay, the maker of Tropical Bay IPA for trademark infringement.
Biscayne Bay countered by filing a complaint at the district court in Florida, asking for declaratory judgment of trademark non-infringement for its own mark and trademark invalidity for La Tropical’s trademark.
It outlined how Biscayne Bay was a small business brewery founded in Miami in 2012, and that many of its employees and stakeholders have proud, Latin and Cuban American heritage, “roots that form the flavours of their entire range of craft beers and led to the development of the Tropical Bay IPA brand beer” in 2017.
The suit also claimed that the Heineken unit used “aggressive bully tactics” to get them to change the name of Biscayne’s Tropical Bay IPA beer.
It further alleged that the brewer lost a
...More info on site
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USA, TX: Compadre Brewing shutting down its operations for good
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Family-owned business Compadre Brewing is shutting down operations following one final weekend of business, the brewery announced May 13.
In a Facebook post, Compadre Brewing, located at 16920 Joe Barbee Drive, Bldg. 1, Pflugerville, stated restrictions related to the COVID-19 pandemic “took a toll” on its business.
Compadre Brewing just recently celebrated its two-year anniversary May 2. The brewery is celebrating with a “Last Call” from May 14-16 before it closes its doors for good.
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Asia & Africa: Good malt sales reported from Southeast Asia and outhern Africa
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Good malt sales (no quantities available) are reported from Southeast Asia and the southern African countries, H. M. Gauger GmbH said in their May
...More info on site
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World: Leading beer producing countries report declines in sales, except for China
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China’s beer sales in January-March this year totalled 82.2 mln hl, 51% more than the corona-affected output in January-March of last year, H. M.
...More info on site
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South Korea: HiteJinro’s Q1 beer sales slide 3.3% yoy
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Korean beer maker HiteJinro posted consolidated 1Q21 sales of W535.1 bln (+0.2% y-y) and an operating profit of W52.9 bln (-5.7% y-y), the Business
...More info on site
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South Africa: Heineken confirms talks on possible acquisition of South Africa’s Distell
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Heineken NV confirmed on May 18 that it was in talks with South Africa's Distell about a possible acquisition, in what would mark a
...More info on site
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Malaysia: Carlsberg Brewery Malaysia posts 8.9% net profit decline in Q1
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Carlsberg Brewery Malaysia Bhd posted a net profit of RM66.46 mln in the first quarter ended March 31, 2021, which was 8.9% lower than
...More info on site
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EU & UK: Spring malting barley surplus in core producing nations forecast at 500 thousand tonnes
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In their May report, the H. M. Gauger GmbH analysts estimate the spring malting barley surplus in the core EU malting barley producing countries
...More info on site
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EU: Barley production forecast increased to 55.4 mln tonnes - Coceral
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Grain trade association Coceral on May 18 raised its forecast of this year's soft wheat production in the European Union, citing excellent yield prospects
...More info on site
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Germany: Both winter and spring barley area down this year
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Germany's winter wheat sown area for the 2021 harvest has been increased by 3.0% on the year to some 2.83 million hectares, Germany’s national
...More info on site
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Australia: Beer consumption down, wine and spirits up during Covid-19 period
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Data from Roy Morgan’s Alcohol Consumption Report showed that there were significant increases in wine and spirits consumption (up 3.3 percentage points over the year) in Australia during the COVID-19 period, the Echo Net Daily reported on May 18.
The number of Australians drinking wine increased from 8,065,000 (41 per cent of Australians aged 18+) to 8,814,000 (44.3 per cent). Although more women than men drink wine, the increase in the number of men drinking wine was larger than for women.
According to Roy Morgan CEO, Michele Levine, ‘the number of people drinking wine also increased across the age spectrum, and perhaps surprisingly the largest increase by age group was for those aged 80+, which is up 6.7 per cent on a year ago.’
In addition, spirit-drinkers increased to 6,277,000 (31.5 per cent) from 5,465,000 (27.8 per cent). The incidence of drinking spirits was up for both genders and across all legal age groups, with the largest increase by age for people 25–34 (up 7.7 per cent on a year ago).
During the pandemic period there was a nation-wide lockdown in March to May 2020, and a longer second lockdown in Victoria between July and October, plus smaller lockdowns, during which
...More info on site
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Belgium: Trappist monks of the Abbey of Rochefort win another important court battle for water
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The Trappist monks of the Abbey of Rochefort in Namur province have won another important court battle in a dispute with Lhoist Group, the world’s largest producer of chalk, The Brussels Times reported on May 14.
The monks of the Abbey of Notre-Dame of Saint-Remy produce some of the most celebrated beers in the world, using water from the Tridaine spring. But Lhoist wants to continue producing chalk from the area until 2046, which would involve redirecting the course of the spring.
The monks took their case to court, relying on a legal document from 1833 which forbids anyone, including the owner of the quarry Lhoist wants to extend, from changing the course of the spring.
The document effectively guarantees the right of the abbey to receive the waters of the Tridaine spring as it arises naturally at the surface. The 1833 deed, which dates back more than a century before the quarrying was ever begun and 66 years before the founding of the current brewery, protects this right to a natural source of water.
According to Gert De Rouck, a brewing expert at the University of Leuven speaking to VRT Radio at the time of the original judgement, water is “an underestimated raw
...More info on site
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Nigeria: Nigerian Breweries appoints new Managing Director and CEO
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Nigerian Breweries, the largest brewing company in Nigeria, has appointed Mr. Hans Essaadi as the Managing Director and Chief Executive Officer (CEO) effective 31st, July 2021, investorsking.com reported on May 14.
Mr. Essaadi will replace Mr. Jordi Borrut Bel, the current Managing Director and Chief Executive Officer of Nigerian Breweries who will be completing his tenure on the 30th of July, 2021.
Mr. Borrut Bel is expected to take up another assignment within the Heineken Group, hence why the Board accepted his letter of resignation.
Mr. Essaadi, is currently the Managing Director of Al Haram Beverages, the HEINEKEN Operating Company (“OpCo”) in Egypt and joined the HEINEKEN Group as a Sales Representative in 1991.
He subsequently took up increasingly senior roles within the Group in Sales, Export and Marketing. He commenced his international career with HEINEKEN Puerto Rico as the Country Manager, and thereafter became the General Manager, Brau Union International, the HEINEKEN OpCo in Austria.
Before his current role in Egypt, he was General Manager, Siroco (the HEINEKEN Joint Venture with the Emirates in Dubai) and Managing Director, HEINEKEN Malaysia Berhad, a listed company in Malaysia.
The Board is pleased to have a person of Mr. Essaadi’s experience and knowledge to take up the position
...More info on site
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