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E-Malt.com Newsletter 27a
July 05 - July 07, 2021
Quote of the Week
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Kenneth Goldsmith
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Currency Rates
Base Currency: US Dollar
on July 07, 2021 |
Base Currency: Canadian Dollar
on July 07, 2021 |
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1 USD = 0.8442 EUR
1 USD = 0.7226 GBP
1 USD = 1.2392 CAD
1 USD = 1.3265 AUD
1 USD = 110.7200 JPY
1 USD = 5.1332 BRL
1 USD = 73.7750 RUB
1 USD = 6.4675 CNY
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1 CAD = 0.8069 USD
1 CAD = 0.5830 GBP
1 CAD = 0.6812 EUR
1 CAD = 1.0703 AUD
1 CAD = 89.3400 JPY
1 CAD = 4.1417 BRL
1 CAD = 59.5253 RUB
1 CAD = 5.2183 CNY
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Currency Rates Chart
Equities of the Largest Breweries
North America: Barley crops could be impacted by unfavourable weather this year
...Click here
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USA, ME: New Mast Landing Brewing location in Freeport to open on July 12
...Click here
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USA, TN: Crafty Bastard Brewery opens a second location in Knoxville
...Click here
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Canada, ON: Barnstormer Brewing & Distilling planning second location in Alliston
...Click here
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USA, DE: 1937 Brewing already open at Delaware Park
...Click here
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USA, PA: Other Half Brewing Co. to take over former Goose Island Brewhouse in Fishtown
...Click here
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USA, CA: Culture Brewing Co. finally celebrates grand opening in Manhattan Beach
...Click here
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World: AB InBev’s share price under pressure with emerging markets continuing to struggle
...Click here
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World: Malting barley prices slightly down as European countries start harvesting
...Click here
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India: Heineken seeking approval to replace Vijay Mallya as United Breweries chairman
...Click here
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Australia: Australians predicted to continue spending more on alcohol with beer leading the pack
...Click here
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Germany: Spring barley crop expected to drop 12% this year - association of German farmers
...Click here
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India: Diageo challenges order permitting United Spirits share sale
...Click here
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Ukraine: Barley harvest could see significant losses due to adverse weather
...Click here
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EU: Brewers of Europe sign new EU Code of Conduct on sustainability in the food and drink industry
...Click here
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Germany: Small breweries manage to stay afloat thanks to their creativity
...Click here
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Kenya: Keroche Breweries launches X beer as part of efforts to grow market share
...Click here
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South Africa: Alcohol industry asks for tax holiday due to ban on all liquor sales
...Click here
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Graph of the Week
Table of the Week
The Number of US Breweries 2010 - 2020
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
05 July
1643 - 1st recorded tornado in U.S. (Essex County, Massachusetts)
1841 - Thomas Cook opens 1st travel agency
1922 - 1st general election in Netherlands
1948 - The British government adopts the National Health Service Act
1954 - The BBC broadcasts its first television news bulletin
06 July
1785 - Congress resolves US currency named "dollar" and adopts decimal coinage
1885 - Louis Pasteur successfully tests an anti-rabies vaccine
1886 - Horlick's of Wisconsin offers 1st malted milk to public
1907 - Opening of Brooklands, in England - the world's first purpose-built motor racing circuit
1928 - In New York, the screening of the first film to include sound - 'The Lights of New York'
07 July
1550 - Chocolate introduced
1802 - 1st comic book "The Wasp," is published
1814 - The world's first authentic historical novel, 'Waverley' by Sir Walter Scott, is published
1891 - Travelers cheque patented
1929 - In Italy, the Vatican in the centre of Rome becomes a sovereign state
1954 - Elvis Presley makes his radio debut
Agenda
July 2021:
22 - 24: InnBrew 2021 (Barcelona, Spain)
August 2021:
13 - 14: Beervana 2021 (Wellington, New Zealand)
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 (Online)
22 - 24: Beer and Soft Drinks Industry 2021 (Kyiv, Ukraine)
23 - 25: Stockholm Beer & Whisky Festival 2021 (Stockholm, Sweden)
30 - 02 October: Stockholm Beer & Whisky Festival 2021 (Stockholm, Sweden)
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)
18 - 20: Expo Antad & Alimentaria Mexico 2021 (Mexico City, Mexico)
20 - 22: drink technology India 2021 (Mumbai, India)
22 - 23: Copenhagen Beer Festival 2021 (Copenhagen, Denmark)
November 2021:
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)
20 - 23: Beer & Food Attraction 2022 (Rimini Expo Centre, Rimini, Italy)
March 2022:
09 - 12: Festival Brasileiro da Cerveja 2022 (Blumenau, Brazil)
29 - 31: Beviale Moscow 2022 (Moscow, Russia)
April 2022:
01 - 01: Zythos Beer Festival 2022 (exact dates to be confirmed) (Leuven, Belgium)
May 2022:
05 - 05: World Beer Cup 2022 (USA)
11 - 13: Craft Beer China 2022 (Shanghai, China)
29 - 01 June: The Brewers of Europe Forum & 38th EBC Congress (Madrid, Spain)
June 2022:
07 - 08: Bev Expo 2022 (Manchester, UK)
10 - 11: Tallinn Craft Beer Weekend 2022 (Tallinn, Estonia)
News Articles
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North America: Barley crops could be impacted by unfavourable weather this year
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North America’s barley crops are drawing an increased concern as higher temperatures and below normal rainfall this year will potentially have an impact on
...More info on site
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USA, ME: New Mast Landing Brewing location in Freeport to open on July 12
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The new Mast Landing Brewing Co. location is set to open in Freeport on Monday, July 12 with collaboration from a renowned chef, the Press Herald reported.
The Westbrook-based brewery is partnering with Christian Noe of Nighthawk’s Kitchen in Freeport to serve food at the new 11,000-square-foot brew pub at Freeport Crossing.
Noe, known as Nighthawk, has catered for big names like Spike Lee and Bobby Flay. He said he looks forward to continuing his work in Maine after moving here just two years ago. He got his culinary start in New York City.
“One of my first memories of Maine was driving from New York to Kennebunkport for a family vacation as kid,” Noe told the American Journal. “As an adult, my wife would travel to Portland from New York City regularly for business, and we always commented on how beautiful Maine is, how great the food is and how genuine the people are. When we had the opportunity to make a life change to Maine we really didn’t hesitate.”
Noe will start at Mast Landing with a food truck before expanding to a permanent kitchen on the second floor, offering American comfort food like buffalo mac and cheese, barbecue burgers and
...More info on site
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USA, TN: Crafty Bastard Brewery opens a second location in Knoxville
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West Knoxville is about to get a lot more crafty, the Knoxville News Sentinel reported on July 4.
Crafty Bastard Brewery, located in the historic Fourth & Gill neighborhood, has opened a second location on Kingston Pike near Pellissippi Parkway.
The new 6,000-square-foot taproom and brewery is a major expansion for the brand's brewing capabilities and a chance to expand the craft beer scene in West Knoxville.
Crafty Bastard, one of an estimated 19 breweries in Knox County, isn't the first brewery to have a presence in West Knoxville and beyond — Orange Hat, Smoky Mountain, Albright Grove and The Brewhouse at Bearden Beer Market already have a presence out west — but there's a need for more craft beer in the area, industry experts say.
"West Knoxville is underserved when it comes to craft beer, so (the new location) will only continue to elevate the community as a whole," Knox Brew Tours owner and local beer industry expert Zack Roskop told Knox News. "Education and exposure are the best ways to grow an industry, so this new location will only help grow the craft beer community."
Craft beer and local breweries are not only a big part of Knoxville's culture, they contribute
...More info on site
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Canada, ON: Barnstormer Brewing & Distilling planning second location in Alliston
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Barnstormer Brewing & Distilling has announced plans to open a second location in Alliston, a small community approximately 40 km southwest of its original facility in Barrie, Ontario, the Canadian Beer News reported on July 5.
Taking over a space that was previously home to the Coop Public House & Foodiary, the new Barnstormer will feature a bar and restaurant with the brewery’s eight core beers on tap and the same locally-focused food menu as the Barrie location, plus a retail shop selling beer and merchandise to take home.
A temporary outdoor patio will also be set up at opening, with a permanent one to be constructed for next year.
This is the second time Barnstormer has planned an expansion, with a location in Midland announced in early 2017, but cancelled later that year after an environmental study on the site found low levels of industrial contamination.
Barnstormer Alliston is planned to open in late July or early August at 265 King Street North.
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USA, DE: 1937 Brewing already open at Delaware Park
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Delaware Park quietly opened 1937 Brewing at the end of June, delawarebusinessnow.com reported on July 4.
The brewery is named in honor of the opening year for Delaware Park, a venture of a member of the duPont family.
The idea for the brewery came after successful beer-focused events at the track and casino south of Newark.
The 1937 space features its own brews as well as a brewpub menu. Nine different brews are offered. Hours are noon to 10 p.m.
The brewery should help draw a younger crowd to Delaware Park. The gaming industry has sprung back from Covid-19, aided by sports betting.
Construction began last year on the brewery, which comes with a $1.7 million price tag, according to DelawareOnline (paywall).
Delaware Park has many amenities that include restaurants and golf courses, and horse racing, but no hotel or separate casino complex. It has remained a “locals” casino with a long racing season.
Delaware Park is owned by the Rickman family, which also has a construction business and for a time owned a horse track and casino near Ocean City, MD. The family has largely preserved the expansive property.
The Newark area now has a. half-dozen breweries within a short drive of one another. A tour is
...More info on site
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USA, PA: Other Half Brewing Co. to take over former Goose Island Brewhouse in Fishtown
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Other Half Brewing Co. — which has picked up a rabid following while expanding from its Brooklyn base into upstate New York and Washington, D.C. — will take over the shuttered Goose Island Brewhouse in Fishtown, The Philadelphia Inquirer reported on July 6.
Opening is penciled in for later this year, the company told The Inquirer.
Other Half is best known for hazy IPAs, pastry stouts, and fruit-packed sours, some of which carry outlandish names such as Laid Back Peach Sour IPA, Double Forever Cashmere, and More Simcoe Than All Simcoe.
Other Half cofounder Andrew Burman confirmed the deal on s, days after an orange liquor-license transfer was posted on the building at 1002 Canal St., across from Punch Line, the Fillmore, Philadelphia Distilling, and the forthcoming Brooklyn Bowl. Earlier on July 5, the website BreweriesinPa.com posted a guess that Other Half was behind the license transfer, based on the name of its corporate entity, OH PA LLC.
“Philadelphia has a long and robust brewing history and when the opportunity presented itself to open an Other Half location here — in between our D.C. and NYC breweries — we couldn’t pass it up,” Burstein said in a statement to The Inquirer. “The bones of
...More info on site
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USA, CA: Culture Brewing Co. finally celebrates grand opening in Manhattan Beach
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Culture Brewing Co. finally had a chance to celebrate its grand opening with a ribbon-cutting/mixer on June 23. It was the first such event hosted by the Manhattan Beach Chamber of Commerce since the pandemic began, Patch.com reported on July 2.
The celebration included city and Chamber of Commerce officials, business leaders, residents, and neighboring business owners.
Culture Brewing is the first taproom in Manhattan Beach.
Though the business opened its doors in the middle of the pandemic, the owners waited to officially celebrate and welcome people to their new space.
"We definitely enjoyed getting to see the space so packed with people finally moving around and mingling like we always hoped they would be," said Whitney Johndro, director of operations at Culture Brewing Co.
Culture Brewing, located at 327 Manhattan Beach Blvd., is open Monday through Sunday, 12-10 p.m., and has two other locations in San Diego.
"We are thrilled that they chose Manhattan Beach and saw the opportunity to open here," said MBCC President/CEO, Kelly Stroman."They have seamlessly integrated into the community, and they are a perfect addition to the small-town vibe that Downtown MB is well-known for."
The Chamber will next host a double ribbon-cutting for two new businesses, Manhattan Beach E-Bikes and SWEAT
...More info on site
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World: AB InBev’s share price under pressure with emerging markets continuing to struggle
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In the five years since Anheuser-Busch InBev (AB InBev) closed on a $100-billion merger with South African Breweries (SAB), the Belgian multinational’s share price
...More info on site
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World: Malting barley prices slightly down as European countries start harvesting
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The world malting barley prices have slightly decreased as of early July as compared to the previous month.
According to the industry observers, the
...More info on site
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India: Heineken seeking approval to replace Vijay Mallya as United Breweries chairman
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Heineken International that increased its shareholding in United Breweries from 46.5 per cent to 61.5 per cent recently is seeking approval of shareholders to
...More info on site
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Australia: Australians predicted to continue spending more on alcohol with beer leading the pack
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Australians are predicted to continue spending more on alcohol despite consumption levels decreasing as new analysis suggests a shift away from beer, 7News.com.au reported on July 7.
Per capita spending is forecast to grow by 2.8 per cent annually between 2021 to 2025, despite individual consumption declining by an annual rate of 1.2 per cent, analysis by Fitch Solutions says.
The trend indicates consumers are "trading up" from high-volume/low-value drinks such as beer for more expensive competitors such as wine and spirits.
The average spend is predicted to grow from A$974 per person in 2021 to A$1116 in 2025, while consumption drops from 106.3 litres to 101.4 litres over the same time.
Beer is still predicted to lead the pack in total consumption figures (66 per cent) in 2025, with wine and spirits collectively making up just under 34 per cent.
This equates to an increase of just under one percentage point for vino and hard liquor combined, as ales and lagers drop as a result.
Previous analysis has shown a surge in sales of alcohol-free variants as zero per cent options of beer, wine and spirits flood the market.
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Germany: Spring barley crop expected to drop 12% this year - association of German farmers
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Germany's wheat and rapeseed harvests are expected to increase in 2021 as rain helped crops recover from a hot, dry start to the summer,
...More info on site
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India: Diageo challenges order permitting United Spirits share sale
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Diageo has challenged an order of India’s Prevention of Money Laundering Act court, which permitted the sale of assets seized from Vijay Mallya to repay a consortium of banks some of the £1.15 billion they claim he owes to them, The Drinks Business reported on July 5.
Last month the Indian courts allowed the sale of shares Mallya held in United Breweries and United Spirits worth more than £600 mln but Diageo, through its Dutch subsidiary, contends it has a prior claim to some £30 mln worth of the USL shares and has been given three weeks by the court to press its case.
Diageo has previously told its shareholders that it laid claim to the shares as part of a complicated loan to Watson Ltd, the company behind Mallya’s Formula 1 grand prix racing team, originally granted by Standard Chartered Bank and backed by the shares as collateral.
When Mallya defaulted, as part of the 2013 takeover of USL, Diageo’s Dutch subsidiary had to repay the debt of more than £100 mln. Ever since, it has been seeking through India’s courts to reclaim the shares pledged by Mallya to Standard Chartered to back that debt.
Meanwhile, in the London Courts Diageo is seeking
...More info on site
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Ukraine: Barley harvest could see significant losses due to adverse weather
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Adverse weather conditions in Ukraine's key grain producing regions could lead to significant losses in its barley and wheat harvests, the APK-Inform agriculture consultancy said on July 5.
Ukraine has already started its 2021 grain harvest and expects an all-time high crop of around 76 million tonnes.
According to weather forecasters, in the first days of July, torrential rains were recorded in the Odessa, Mykolayiv, Kherson, Zaporizhshya, Dnipropetrovsk and Donetsk regions.
"As a result of heavy rains ... local flooding and lodging of early grain crops are recorded, which significantly complicates harvesting and can lead to an increase in grain losses," the consultancy said.
APK-Inform says 3.2 million hectares of wheat and 1.4 million hectares of barley are concentrated in the affected regions which is 46% and 57% of the total sown area of these crops in the country.
It said forecasters had predicted a "high probability of adverse weather conditions with significant precipitation" in the coming days and this could increase the risks of losses for early grain crops.
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EU: Brewers of Europe sign new EU Code of Conduct on sustainability in the food and drink industry
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The Brewers of Europe has added its name to a new EU-wide pledge to support the shift towards sustainable food systems. The Brewers of Europe was one of the founding signatories at a European Commission ceremony on July 5 to launch the new EU Code of Conduct on Responsible Food Business and Marketing Practices.
Signing up in the presence of EU First Vice-President Frans Timmermans and the European Commissioners for Health and the Internal Market, The Brewers of Europe pledged to pursue and build upon our six-year commitment to label ingredients and energy on beers across Europe.
The Brewers of Europe Ambition is that by end 2022 all beer bottles and cans list ingredients and energy per 100ml on the labels, just as all other non-alcoholic beverages legally have to do and in full conformity with Regulation (EU) No 1169/2011 on the provision of food information to consumers.
While EU law currently exempts alcoholic beverages over 1.2% abv from a legal obligation to list the ingredients and calorie content, The Brewers of Europe is delighted to add its weight to the European Commission campaign for all consumers to have access to this information.
Indeed, at 93% and 86% implementation rates for ingredients and energy
...More info on site
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Germany: Small breweries manage to stay afloat thanks to their creativity
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Whether coming up with a specialty beer, baking bread, holding online tastings or crowdfunding, it's safe to say that German breweries have not seen the pandemic as a holiday, dpa reported on July 5.
Even as the tide of infections seems to be receding across Europe, the economic effect of cancelled festivals and closed restaurants is still being felt in the industry, especially the smaller breweries.
Many of the microbreweries that have remained afloat fought through the crisis with creativity – and aren't giving up the fight just yet.
One of them is the Schanzenbraeu brewery in the southern German city of Nuremberg. In normal times, there are festivals every weekend from May through September that sell the brewery's beers on draft, says managing director Stefan Stretz. They were all cancelled in 2020.
Like all breweries, Schanzenbraeu tried to focus away from kegs – which had accounted for 25-30% of beer sold – and more on selling bottled beer through retail outlets during the pandemic. But now, that market has become "cutthroat", says Stretz.
So he came up with the idea of the Zusammen Halbe, a beer developed and made by nine local breweries during the pandemic. Stretz and his colleagues filled 40, 000 bottles
...More info on site
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Kenya: Keroche Breweries launches X beer as part of efforts to grow market share
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Keroche Breweries has launched its latest product dubbed X beer, with an alcohol content of 8.8%, at its Naivasha factory. The launch featured a brief ceremony attended by its leading distributors and retailers, HapaKenya reported on July 3.
Speaking at the unveiling, Keroche CEO Tabitha Karanja said the new beer is a part of the brewer’s deliberate efforts to grow its market share to 20 percent. “The quality of brand X and its richness is unmatched in the present market. It is targeted at the middle and upper-end market. For years we have relied on imported strong beer. Being local manufacturers, we have chosen to fill this gap and give Kenyans a beer of great taste that makes for an easy enjoyable drinking experience,” she added.
Keroche Breweries is a fully Kenyan-owned company with a production plant with a capacity to produce 30 different brands. The launch came just months after the brewer unveiled Vienna Ice Strong Lager with 10% alcohol content in April this year.
The new products come amid a financial toll on brewers following government measures to stem the spread of coronavirus by the dusk-to-dawn curfew. This has forced firms to increase their online presence and embrace home deliveries to
...More info on site
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South Africa: Alcohol industry asks for tax holiday due to ban on all liquor sales
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With South Africa’s alcohol industry predicting that the current two-week ban on all liquor sales will result in R6.1 billion in lost retail sales, the sector is now lobbing the taxman and effectively the national treasury to defer at least R1.5 billion in related excise tax payments, algoafm.co.za reported on July 6.
“The latest 14-day ban of alcohol sales declared by the government has left the South African Liquor Brand Owners Association [Salba] no choice but to request that the South African Revenue Service [SARS] provide extended payment terms on the excise duties currently due,” the industry body said on Monday.
Salba represents major alcohol manufacturers, including Distell, Heineken, Diageo, Pernod Ricard, and DGB.
It has made such ‘tax holiday’ requests before when alcohol bans were in place for prior Covid-19 liquor trade and lockdown restrictions. In the past, these requests have been granted by the taxman.
The organisation says that should the government decide to extend the current alcohol sales ban beyond the initial 14 days (which expires on Sunday, July 11), then its tax deferment request needs to be applicable for the whole period until the ban is lifted.
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