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E-Malt.com NewsLetter
Newsletter Summary

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





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E-Malt.com Newsletter 30a
July 26 - July 28, 2021


Quote of the Week

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Currency Rates


Base Currency: US Dollar
on July 28, 2021
Base Currency: Canadian Dollar
on July 28, 2021
      1 USD = 0.8468 EUR
1 USD = 0.7226 GBP
1 USD = 1.2572 CAD
1 USD = 1.3575 AUD
1 USD = 109.9700 JPY
1 USD = 5.1728 BRL
1 USD = 73.7149 RUB
1 USD = 6.4959 CNY
      1 CAD = 0.7953 USD
1 CAD = 0.5747 GBP
1 CAD = 0.6735 EUR
1 CAD = 1.0796 AUD
1 CAD = 87.4600 JPY
1 CAD = 4.1138 BRL
1 CAD = 58.6239 RUB
1 CAD = 5.1660 CNY

Currency Rates Chart


Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Brewery news USA: Boston Beer stock tumbles on lower Q2 net income ...Click here
Barley news USA: Barley crop quality weighing heavily on farmers’ minds this year ...Click here
Brewery news USA, OR: Steeplejack Brewing Co. announces second brewery in Hillsboro ...Click here
Brewery news USA, TX: Z Brewz Beer Co. already open just east of Boerne ...Click here
Brewery news USA, VA: Patch Brewing Co. coming to Gordonsville soon ...Click here
Brewery news USA, MI: Jackson’s Ogma Brewing Company finally set to open after three years of delays ...Click here
World News
Brewery news Germany: Beer industry likely to continue to see subdued sales in 2021 ...Click here
Brewery news India: United Breweries reports net profit of ₹30.94 crore for April-June period versus net loss last year ...Click here
Barley news World: Malting barley prices edge up on bad weather impact ...Click here
Barley news EU: Barley markets weaker in June thanks to good crop prospects ...Click here
Barley news Australia: Barely production estimated to slip 2.6 million tonnes in 2021-22 ...Click here
Barley news World: European wheat edges higher on ongoing concerns about dry weather impact in North America and Russia ...Click here
Brewery news UK: Molson Coors to invest in £25 mln in its Burton-upon-Trent brewery upgrade ...Click here
Barley news Ukraine: Winter grain harvesting campaign in full swing in Ukraine ...Click here
Brewery news South Africa: South African Breweries welcome lifting of alcohol sales ban ...Click here
Brewery news Ethiopia: Brewers set to hike prices due to raw materials price surge ...Click here
Brewery news UK & India: Vijay Mallya declared bankrupt by London High Court ...Click here
Brewery news Australia: Asahi Beverages announces CUB CEO retirement ...Click here
Graph of the Week


Table of the Week

Poland Hop Area and Production and Alpha Acid Output 2009-2021(f)


Table of the week.

Prices Evolution

Prices evolution

Barley Prices



Theoretical Malt Prices



These Days in Business History


26 July
1656 - Rembrandt declares he is insolvent
1835 - 1st sugar cane plantation started in Hawaii
1908 - FBI founded

27 July
1694 - The Bank of England opens for business in London to print currency and manage the national debt. It goes on to become one of the world's most effective central banks
1866 - Atlantic telegraph cable successfully laid (1,686 miles long)
1971 - Merrill Lynch & Co. goes public, becoming the first New York Stock Exchange firm to do its own initial public offering on the NYSE

28 July
1866 - Metric system becomes a legal measurement system in US
1900 - Hamburger created by Louis Lassing in Connecticut
1978 - Price of gold tops $200-an-oz level for 1st time


Agenda

August 2021:
13 - 14: Beervana 2021 (Wellington, New Zealand)
24 - 26: 2nd VLB Africa Brewing Conference (Online)

September 2021:
01 - 21 November: Brussels Beer Challenge 2021 (Brussels, Belgium)
09 - 12: Craft Brewers Conference & BrewExpo America 2021 (Denver, Colorado, USA)
16 - 18: Zurich Bier Festival 2021 (Zurich, Switzerland)
17 - 20: The International Beer Cup 2021 (Yokohama, Japan)
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)
04 - 09: The European Beer Star 2021 (Munich, Germany)

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)

More events are available on site e-malt.com

News Articles


Brewery news USA: Boston Beer stock tumbles on lower Q2 net income
Boston Beer stock tumbled more than 23% in Friday, July 23rd’s session as the market for hard seltzers dealt a rude surprise to the brewer, knocking off its second-quarter earnings and forcing it to lower its forecast for the ongoing financial year.

Jim Koch, chairman and founder of the company, listed several factors behind the new paradigm in the seltzer market that led to the fall in earnings. He said the market has matured. The consumption of seltzers has moved to on-premise channels and new entrants have proliferated, leading to more choices for the consumer, according to Koch.

“We increased our production of Truly to meet our summer peak and have had lower than anticipated demand for certain Truly brand styles which has resulted in higher than planned inventory levels at our breweries and increased supply chain costs and complexity,” he said.

“Our outlook for the hard seltzer category in the second half of 2021 is uncertain and we have planned our capacity and spending based upon several volume scenarios.”

Net income for the second quarter was $59.2 million, a decrease of 1.6% from the same period last year. Earnings per diluted share was $4.75, a decrease of 2.7% and lower than the $6.69 ...More info on site


Barley news USA: Barley crop quality weighing heavily on farmers’ minds this year
With the drought persisting, the US barley growers are anticipating a much earlier harvest season with overall crop quality weighing heavily on the minds of farmers and the beer brewing industry, the Pine Journal reported on July 26.

Like producers of all sorts of crops, the drought is weighing heavily on barley growers as their harvesting season barrels around the corner. The harvest season is being pushed ahead due to the extremely dry conditions.

“Producers are definitely concerned, and they have good reason to be,” said Austin Case, North American barley breeder for Anheuser-Busch. “We’re definitely seeing harvest being moved up a couple of weeks.”

Jim Broten, a diversified crop producer who grows barley near Dazey, N.D., is seeing the heat impact his crop first hand.

“The barley is very uneven, and I am not sure what kind of quality we will have because of the heat. I don’t know this year, with the unevenness, just what we’re gonna do. Even some people that got a few early rains have a heavier stem, but even then they’re gonna have to worry about what kind of quality they have. It’s really a mixed bag,” Broten said.

During a normal year, the Northern Plains are an optimal ...More info on site


Brewery news USA, OR: Steeplejack Brewing Co. announces second brewery in Hillsboro
Ahead of the opening of its flagship location in Portland, Steeplejack Brewing Co. has announced it will open a second brewery in Hillsboro, Pamplin Media Group reported on July 23.

When it's fully built, Steeplejack Brewing West will be a family-friendly taproom, beergarden, canning line and restaurant in a 17,000-square-foot warehouse just north of Highway 26 at 5834 N.E. Pinefarm Court.

On July 31, Steeplejack owners Brody Day and Dustin Harder plan to hold a grand opening of their first brewery inside a converted century-old church in Northeast Portland.

Contrasting the stained glass and rich wood structures of the Portland location, the Hillsboro location will offer a more familiar brewpub feel, with space for live music and patio games near a wetland area, Day said.

Intent on growing the business early by creating fun community gathering places, Day said, "We just really liked what Hillsboro had to offer."

He added that the rapid population growth of Portland's Westside made Hillsboro appealing.

"We wanted to design a place that was a very come-as-you-are, casual place that you can bring the kids and just have a nice time hanging out," Day said.

After working for Target's food supply chain in various roles for 15 years — one role ...More info on site


Brewery news USA, TX: Z Brewz Beer Co. already open just east of Boerne
A new microbrewery just east of Boerne has just “Z” stuff you need to enjoy a Texas summer afternoon: a variety of beers, pub grub, and live music, culturemap.com reported on July 27.

Z Brewz Beer Co. recently opened its doors at the site of the short-lived Silber Brewing Company, off FM 46.

The new brew pub, located at 39 Rust Ln., is the brainchild of Zachary Disch, the chef/owner of Z’s Wood Fired Pizza in Boerne, and his wife and business partner, Jodi.

While their pizzeria serves up plenty of beer options befitting a pizza feast, the new Z Brewz Beer Co. takes a craftier approach, offering an array of beers on tap, house “brewz,” and guest “brewz,” in addition to a stout pub-eats menu.

Z Brewz is a labor of love for Disch, who was in his late teens when he got introduced to brewing and the craft-beer scene by his best friend, who led a beer club at Ohio Wesleyan University. Before long, Disch was brewing his own beer at home.

Later, the Disches moved to Northern California, where both made lots of beer and wine, enough to perfect their boozy recipes. And moving to Texas — along with a growing love ...More info on site


Brewery news USA, VA: Patch Brewing Co. coming to Gordonsville soon
Gordonsville is gaining another brewery, but this one’s landscape is a little different than the rest, WVIR reported on July 27.

You’ll now be able to have a beer in the former Veterans of Foreign Wars Post. Patch Brewing Co. is renovating the space, and plans on utilizing every inch of it.

“What really sets us apart on that part of the county is the outdoor space,” co-owner André Xavier said. “We do have 14 acres of green space, and that is huge, especially you know during COVID times, and we’re very excited about that we do have a lot of social distancing opportunities.”

The lot even includes a space for sporting events. People will be able to host and play games, while enjoying a brew.

“Our baseball field is actually ABC licensed areas so you can actually have a beer and play some maybe kickball or softball or any sports,” Xavier said. “Very few baseball fields in Virginia have infield licenses.”

The owners also run a tour company in Charlottesville that travels to various breweries. Patch will be drawing inspiration from these experiences.

“We definitely had the opportunity to learn a lot about what works, what doesn’t work in terms of tours and visitors, so ...More info on site


Brewery news USA, MI: Jackson’s Ogma Brewing Company finally set to open after three years of delays
It’s one thing to see people rally around a beloved local business that’s been a part of the Jackson community for years. It’s even more impressive when they come together and open their wallets to save a business that hasn’t opened yet, WILX reported on July 27.

Andrew Volk, Kevin Craft and Troy Craft are Co-Owners of Jackson’s Ogma Brewing Company.

“They have displayed patience and love and support through however means they can,” Volk said. “It takes me back every now and again when I really think about it.”

Ogma Brewing Company is finally set to open after three years of delays, partially extended by the pandemic. The community reached into its pockets to help, buying merchandise and even donating $50,000 to a Kickstarter campaign.

Kevin Craft said, “We weren’t able to come in and build when we thought we were supposed to be able to, and that kind of transpired into contractors being behind and not being able to meet their deadline because they were so backed up. So mainly that and material delays were a huge part of it.”

While they did contract out, a lot of the work was done by the owners who say this is a passion of theirs. ...More info on site


Brewery newsGermany: Beer industry likely to continue to see subdued sales in 2021
Following a 5.1% volume decline last year, the cancellation of the annual Oktoberfest celebrations means that German brewers are likely to continue to see ...More info on site


Brewery newsIndia: United Breweries reports net profit of ₹30.94 crore for April-June period versus net loss last year
Beer maker United Breweries Ltd on July 28 reported a consolidated net profit of ₹30.94 crore for the quarter ended June.

The company had posted ...More info on site


Barley newsWorld: Malting barley prices edge up on bad weather impact
The malting barley prices on the global market are advancing higher due to weather impact in Canada and the EU, industry sources report.

Canada’s prices ...More info on site


Barley newsEU: Barley markets weaker in June thanks to good crop prospects
EU barley markets were weaker in June, reflecting good crop prospects and a lack of buying interest, by local industries and export markets, H. ...More info on site


Barley newsAustralia: Barely production estimated to slip 2.6 million tonnes in 2021-22
Australian grain production is expected to be strong in the 2021-22 marketing year following a record-breaking wheat production year and two years of drought, ...More info on site


Barley news World: European wheat edges higher on ongoing concerns about dry weather impact in North America and Russia
European wheat edged higher on July 23 after two sessions of declines, supported by ongoing concerns about the impact of dry weather in North America and Russia while traders were assessing the size of the harvest in Europe.

Benchmark December milling wheat on Paris-based Euronext closed 0.8percent higher at 214.00 euros a tonne. Although it touched a two-month high at 220 euros earlier in the week, it fell 0.8percent over the whole week.

FranceAgriMer data released on July 23 showed that wet weather had hampered field work last week but a hot and dry spell since the start of the week allowed the harvest to speed up.

"There is some rain expected again this weekend in the northern part of the country, hopefully not too much, for harvesters but also for quality," a trader said.

FranceAgriMer's crop report said that 75percent of soft wheat was rated good or excellent by July 19, against 76percent a week earlier.

In Russia, the agriculture ministry said yields from the harvest of the country's wheat crop averaged 3.45 tonnes per hectare as of July 20, down from 3.47 tonnes a year earlier. In Germany more dry and sunny weather also allowed wheat and barley harvesting to gather speed.

Wheat harvesting ...More info on site


Brewery news UK: Molson Coors to invest in £25 mln in its Burton-upon-Trent brewery upgrade
Molson Coors Beverage Company has announced a £25 mln investment in its Burton-upon-Trent brewery that includes a new hard seltzer canning line and upgrades to its beer and cider packaging facilities to drive efficiencies, the Packaging News reported on July 26.

The new canning line will package Molson Coors’ 4% ABV hard seltzer brand Three Fold, sold in three flavours Red Berries, Citrus and Tropical, in 330ml sleek can, as well as support future innovation in the ready-to-drink category and premium beers.

Work to install the new hard seltzer canning line will begin in late 2021 and the first cans are due to be produced from the new line in late spring 2022. Molson Coors will also upgrade its beer and cider packaging lines which will significantly improve efficiencies in its operations. This work will also begin later this year and is expected to be complete by early 2022.

Phil Whitehead, managing director of Molson Coors Beverage Company in Western Europe, said: “The hard seltzer and ready-to-drink (RTD) categories present a huge opportunity for growth. The RTD category is the fastest growing in alcohol globally and, while it’s early days, we’re seeing strong indications that hard seltzers will prove as popular in ...More info on site


Barley newsUkraine: Winter grain harvesting campaign in full swing in Ukraine
The winter harvesting campaign is in full swing across Ukraine, one of the most important producers and exporters of agricultural produce in Europe. Expectations ...More info on site


Brewery news South Africa: South African Breweries welcome lifting of alcohol sales ban
The South African Breweries (SAB) has welcomed President Cyril Ramaphosa’s announcement to move the country to a reduced lockdown level three and officially re-open the sale of alcoholic beverages, IOL reported on July 26.

“We believe that opening up the economy and moving the country to alert level three is an important step towards economic recovery. It is an important affirmation that livelihoods and lives are both important considerations in curbing the spread of Covid-19,” said Zoleka Lisa, vice president of corporate affairs at SAB.

She said the recent destruction of property and wide-scale looting that swept the country “submerged” the alcohol industry into further decimation and put countless more jobs at risk.

“Lifting the prohibition on alcohol sales comes as a welcome relief for our industry and the livelihoods that depend on us,” said Lisa.

She said with the headwinds facing the South African economy, it is now imperative for all South Africans to participate in ensuring a sustainable and inclusive economic growth path.

“Over 250 000 livelihoods depend on the beer value chain, alone and over one million livelihoods are supported by the alcohol industry. We look forward to reinitiating the process of job creation and responsible growth for the industry, with an ...More info on site


Brewery news Ethiopia: Brewers set to hike prices due to raw materials price surge
Local breweries in Ethiopia are set to introduce price adjustments to their products due to price hikes to inputs, The Reporter said on July 24.

BGI Ethiopia, the bottler of St. George, has already adjusted its price weeks ago, attributing the change to a price surge in raw materials.

Although the communication head of BGI Ethiopia did not respond to The Reporter’s calls regarding the issue, officials from BGI’s factories speaking anonymously said that the existing market price of inputs, especially the increasing malt price, has forced the factory increase price on its products.

Currently, BGI’s crate of beer sales at 500 birr, up from the previous 440 birr and similarly, BGI is selling its draft beer for 1360 birr/barrel, also showing a significant increase from the previous 1160 birr/barrel, according to The Reporter’s findings.

“There is frequent price adjustment of commodities every time. No one is regulating this informal market distortion,” said Behailu Tekle, a bar owner whom The Reporter talked to about the price hikes. “It is just that crazy things become unprecedentedly expensive; this is frustrating.”

Habesha Breweries S.C. Communication Manager, Fitsum Kelile, told The Reporter his company is also contemplating price increases although the amount has not yet been decided.

According to ...More info on site


Brewery news UK & India: Vijay Mallya declared bankrupt by London High Court
Vijay Mallya, the fugitive former head of India’s United Breweries and United Spirits, is bankrupt, The Drinks Business reported.

The 65-year-old, who lost his final court battle against extradition to India in May 2020, was formally declared bankrupt in the London High Court on July 26. The ruling has immediate effect.

Mallya is required to hand over his remaining assets, as well as his bank and credit cards to a bankruptcy trustee who will investigate his affairs and establish his true assets and liabilities, with a view to selling assets and repaying creditors. They include both United Spirits and Diageo, its parent company.

Legally he must cooperate with the trustee. All his bank accounts will be frozen, apart from money to buy essentials. He is banned from acting as a director of a company or creating a company without the court’s permission or borrowing more than £500 without declaring he is bankrupt.

Mallya is awaiting extradition from the UK to India to face charges of fraud and money laundering. He has exhausted all avenues of appeal in the UK courts but will not be sent back until a “confidential legal matter” is resolved. This is widely believed to be an application for asylum in ...More info on site


Brewery news Australia: Asahi Beverages announces CUB CEO retirement
Asahi Beverages has announced that Peter Filipovic will be retiring as CEO of Carlton & United Breweries (CUB), its Australian alcohol business division, the Australian Brews News reported on July 27.

Mr Filipovic will shortly achieve 25 years of service with the business, and following the successful integration of CUB in June 2020, Asahi Beverages and Mr Filipovic decided that now was the right time for the announcement of his intention to retire from the business.

Mr Robert Iervasi, Group CEO of Asahi Beverages, commented: “Peter has played an important role in the smooth integration of CUB and the continued growth of our business. He has given great service to CUB and Asahi Beverages.

“Asahi Beverages plans to announce the new CEO of the CUB business division in Q3 2021.

“That person will also join our Asahi Beverages Executive Leadership Team. They will play an important role in helping deliver on our multi-beverage strategy and leading our very experienced CUB Leadership Team.”

Mr Filipovic, CEO of CUB, commented: “It’s been a privilege to have served as CEO of CUB and a member of the Asahi Beverages Executive Leadership Team. It’s a phenomenal business, with exceptional people and an unrivalled portfolio. I’m leaving the business knowing that ...More info on site


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