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E-Malt.com Newsletter 30b
July 29 - August 01, 2021
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Currency Rates
Base Currency: US Dollar
on July 30, 2021 |
Base Currency: Canadian Dollar
on July 30, 2021 |
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1 USD = 0.8422 EUR
1 USD = 0.7168 GBP
1 USD = 1.2469 CAD
1 USD = 1.3530 AUD
1 USD = 109.6700 JPY
1 USD = 5.0925 BRL
1 USD = 73.2239 RUB
1 USD = 6.4631 CNY
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1 CAD = 0.8019 USD
1 CAD = 0.5748 GBP
1 CAD = 0.6753 EUR
1 CAD = 1.0850 AUD
1 CAD = 87.9400 JPY
1 CAD = 4.0836 BRL
1 CAD = 58.7175 RUB
1 CAD = 5.1827 CNY
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Currency Rates Chart
Equities of the Largest Breweries
World: Molson Coors delivers its best revenue growth in more than a decade
...Click here
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USA, ME: KITna Brewing to be dedicated to non-alcoholic beer only
...Click here
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USA, NV: Husband and wife team to open Slieve Brewing Company in Reno
...Click here
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USA, MI: The Northland Brewing Co. becomes Northern Michigan's newest brewery
...Click here
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USA, IL: Arlington Beer Company receives approval to open microbrewery in Arlington Heights
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USA, CA: Pure Project adding Vista to its locations
...Click here
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World: AB InBev underwhelms on second-quarter profit, retains forecast for EBITDA growth between 8-12% this year
...Click here
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Brazil: Ambev’s second-quarter profit rises thanks to highest ever sales volumes for the period and tax credit
...Click here
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World: Diageo sees better-than-expected rise in full-year organic net sales
...Click here
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India & the Netherlands: Heineken obtains control of United Breweries
...Click here
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India: Beer industry yet again negatively impacted by second wave of COVID-19
...Click here
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Vietnam: Beer industry lived through its most difficult year in 2020
...Click here
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EU & UK: Spring malting barley surplus forecast at around 825 thousand tonnes
...Click here
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Poland: Average Pole over the age of 15 drinks 272 half-litre cans of beer per year
...Click here
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UK: Volume sales of alcohol increased by 25% during the peak of the pandemic
...Click here
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South Korea: HiteJinro hopes to boost beer sales this summer with Terra, FiLite brands
...Click here
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Australia: Australia’s grain industry adjusting to damaged malting barley exports
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Japan: Drinks manufacturers introducing a range of low-alcohol products
...Click here
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Graph of the Week
Table of the Week
Poland Hop Area and Production and Alpha Acid Output 2009-2021(f)
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
29 July
1914 - 1st transcontinental phone link made between New York City & San Francisco
1952 - 1st nonstop transpacific flight by a jet
1956 - Jacques Cousteau's Calypso anchors in 7,500 m of water (record)
30 July
1863 - Henry Ford, car manufacturer was born
1897 - German chemist named Felix Hoffman synthesizes a stable form of acetylsalicylic acid in a laboratory in Berlin. The head of Bayer's pharmacological institute, Heinrich Dreser, soon names the product "aspirin," and it becomes the best-selling drug of all time
1928 - George Eastman demonstrates 1st color movie
1962 - The Trans-Canada Highway, the largest national highway in the world, is officially opened
31 July
1790 - 1st US patent granted, to Samuel Hopkins for a potash process
1809 - 1st practical US railroad track (wooden, for horse-drawn cars), Philadelphia
1925 - Unemployment Insurance Act passed in England
01 August
1930 - Clarence Birdseye is awarded a U.S. patent for the invention of packaged frozen food
1950 - Steve Wozniak, future co-inventor of the Apple computer, is born
1981 - Pres. Ronald Reagan signs into law the Economic Recovery Tax Act of 1981, the biggest tax cut in American history, which streamlines the Federal income tax brackets, lowers the top rate to 36%, and creates the universally-deductible Individual Retirement Account
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)
News Articles
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World: Molson Coors delivers its best revenue growth in more than a decade
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Molson Coors Beverage Co. delivered its best revenue growth in more than a decade on July 29, less than two years after ushering in a revitalization plan aimed at investing in its core brands, increasing its premium offerings and expanding beyond the beer aisle.
The Colorado and Montreal-based company posted a second quarter net income of US$388.6 million, nearly doubling its US$195 million earnings a year earlier and handily surpassing analysts' expectations.
Molson Coors CEO Gavin Hattersley said the strong top line growth is an indicator of what's to come for the multinational drink and brewing company.
"Nearly two years ago we laid out the Molson Coors revitalization plan, a multi-year strategy to deliver the sustainable top line growth that has eluded our business for many years," he said during a conference call with analysts. "Today we can talk meaningfully about the outcomes from the revitalization plan."
The company's success comes from its diverse brand mix in the United States, significant "premiumization" of the Molson Coors portfolio and its growth beyond beer, especially with its hard seltzer segment, Hattersley said.
Above premium brand volumes reached a record-high portion of the company's U.S. portfolio compared to any prior quarter since the creation of the MillerCoors joint
...More info on site
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USA, ME: KITna Brewing to be dedicated to non-alcoholic beer only
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Maine already has at least 150 craft breweries, but a new one, launching this summer will offer a different choice, the Maine Public reported on July 29.
"So this brewery will be dedicated to non-alcoholic beer only — so 0.5% or less," says Will Fisher, co-founder of KITna Brewing.
Fisher already makes regular craft beer at Portland's Austin Street Brewery, but he says there was clearly a gap in the market. He and KITna's co-founder, Rob Barrett, noticed that very few non-alcoholic beer options were available at all, and none of them tasted good.
"Where we got the idea for the brewery was like, we have to be able to make a great NA beer. There has to be a way to do it, and not do it in an odd way with weird ingredients and things to alter the beer," says Fisher.
The company's flagship NA beer is an American Blond Ale containing just water, hops, yeast, and grain, but the plan is to make a full complement of beer styles from pale ales to stouts, and seasonal specials. The idea is to have a delicious and practical replacement for the brews craft beer lovers want to drink.
"You have a drink on a
...More info on site
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USA, NV: Husband and wife team to open Slieve Brewing Company in Reno
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About 10 years ago, Philip Mountain, an avid craft beer drinker, received a Christmas present from his wife, Shannon, that got him buzzing with excitement: A “Mr. Beer” homebrewing kit, the Northern Nevada Business Weekly reported on July 29.
Like any new homebrewer, Mountain endured a trial-and-error period before he produced suds that yielded a sip-and-smile rather than a sip-and-wince.
“I’ve got to admit, that first beer was horrible,” Mountain said with a laugh.
Added Shannon: “I don’t think the beer ever made it to a glass — it was that bad.”
Mountain has come a long way. A decade later, the Mountains, longtime Las Vegas residents who moved to Reno last summer, are making plans to open a family-owned nanobrewery in Reno.
Last year, they established Slieve Brewing Company — Slieve means “A Mountain” in Irish Gaelic, their family roots — after years of racking up medals at homebrewing competitions on both sides of the Silver State.
Mountain’s accolades were punctuated within the past two years. In March 2019, his Belgian Tripel, named “Trinity Tripel,” was named “Best of Show” at the Southern Nevada Ale Fermenters Union (SNAFU) Winterfest in Las Vegas. In July 2020, he won “Best of Show” with the same suds at
...More info on site
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USA, MI: The Northland Brewing Co. becomes Northern Michigan's newest brewery
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One man's passion for brewing recently culminated in the opening of Northern Michigan's newest brewery, the Petoskey News-Review reported on July 29.
The Northland Brewing Co., Indian River's first and only brewery, recently opened on Saturday, July 3 and can’t stop brewing both beer and business.
"I get so many people that come in and say '... finally! Indian River really needed a brewery' and people seem to be really loving it so far," said owner Matt Whitener.
Whitener got his start in beer production doing some home brewing for fun, but also to give out beer to his ski league friends and at a few local music festivals.
A long run with perfecting his craft even took Whitener as far as winning brewing competitions and brewing his winning beer for the Filling Station in Traverse City.
"I'd brew five-gallon kegs for my ski buddies and everyone loved it," said Whitener.
"After that contest, though, I really started thinking about going to work at a brewery and got really serious about it," he said.
Whitener ended up working for Pond Hill Farm's brewery in Harbor Springs for a bit to learn more of the ins and outs of brewing in a commercial facility
...More info on site
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USA, IL: Arlington Beer Company receives approval to open microbrewery in Arlington Heights
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Arlington Beer Company received approvals from the Arlington Heights Village Board that will allow opening a microbrewery and tap room northeast of the downtown area, the Chicago Tribune reported on July 28.
Kathleen Egan, owner of the former Itasca Brewing Company, first expressed interest in opening a brewery in Arlington Heights in 2012. After overcoming a series of obstacles and proposal changes, Egan received approval from the Village Board at its July 21 meeting for land use and zoning variation requests needed to proceed with renovation of two vacant buildings near Recreation Park.
The next step is for Egan to apply for a liquor license. Meanwhile, she said her engineers and builders are standing by to begin work on the microbrewery at 19 N. Hickory Ave.
“We’re committed to promoting hand-crafted beverages and the responsible enjoyment of craft beer,” Egan told the board.
She said her brewers are trained in German beer recipes, creating unique beverages – from craft beer to cream soda and root beer.
Arlington Beer Company will be nestled in a growing residential area with one building featuring an indoor tap room with retail and an outdoor living space with a fireplace, picnic tables and televisions. The second building will be used
...More info on site
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USA, CA: Pure Project adding Vista to its locations
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Opening two taprooms during a pandemic is quite the feat.
For Pure Project, the craft brewery is now adding Vista to its list of locations with a grand opening scheduled for 3 p.m. on July 30, the Coast News reported on July 28.
Dubbed Pure Project Vista, the company bought the building at 1305 Hot Spring Way, just east of the intersection of Melrose Drive and Sycamore Avenue, which will also serve as the company’s new headquarters, according to Makenna Barris, director of marketing.
Nestled along the “Hops Highway,” the 14,000-square foot building includes production lines, a 2,500-square-foot taproom, two outdoor sections and the ability for Pure Project to integrate its sustainability goals, Barris said.
For the grand opening, Pure Project Vista will have two food trucks and a specialty stout beer called Topkapi, a bourbon barrel-aged imperial stout with pistachio, honey and Graham Crackers, Barris said.
“We’re really excited to be here and meet the neighbors,” she added. “It really is a nice neighborhood with a good vibe.”
Pure Project, which has four other locations and a fifth coming to North Park in the fall, opened its Carlsbad location in July 2020, just as a new round of restrictions were levied by the state and
...More info on site
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World: AB InBev underwhelms on second-quarter profit, retains forecast for EBITDA growth between 8-12% this year
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Anheuser-Busch InBev underwhelmed on second-quarter profit on July 29 as costs increased even though the world's largest brewer drove revenues to above pre-pandemic levels.
The
...More info on site
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Brazil: Ambev’s second-quarter profit rises thanks to highest ever sales volumes for the period and tax credit
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Ambev SA's profit rose in the second quarter from a year earlier as sales volumes were the highest ever for the period and after
...More info on site
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World: Diageo sees better-than-expected rise in full-year organic net sales
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Guinness-maker Diageo reported on July 29 a better-than-expected rise in full-year organic net sales growth as North American bars and restaurants reopened, helping to
...More info on site
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India & the Netherlands: Heineken obtains control of United Breweries
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Heineken N.V. (HEINEKEN) announced on July 30 that, following United Breweries Limited’s (UBL) annual general meeting on 29 July 2021, it has obtained control
...More info on site
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India: Beer industry yet again negatively impacted by second wave of COVID-19
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The Indian beer industry has yet again been negatively impacted with the onset of the second wave of COVID-19 and the outlook is volatile,
...More info on site
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Vietnam: Beer industry lived through its most difficult year in 2020
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The year 2020 is said to have been the most difficult year for the beer industry in the last 20 years, due to the
...More info on site
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EU & UK: Spring malting barley surplus forecast at around 825 thousand tonnes
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The total spring malting barley surplus in the leading EU producing countries plus the UK is forecast to reach 825 thousand tonnes this year,
...More info on site
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Poland: Average Pole over the age of 15 drinks 272 half-litre cans of beer per year
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The average Pole over the age of 15 now drinks 272 half-litre cans of beer per year, according to a new report on the
...More info on site
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UK: Volume sales of alcohol increased by 25% during the peak of the pandemic
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Volume sales of alcohol increased by 25% during the peak of the pandemic in the UK, according to a new report.
The Monitoring Alcohol Consumption
...More info on site
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South Korea: HiteJinro hopes to boost beer sales this summer with Terra, FiLite brands
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HiteJinro hopes to boost beer sales this summer with its best-selling lager, Terra, and low-malt beer, FiLite, the Korea Times reported on July 28.
It has only been two years since the launch of Terra, but the brew has become one of the top-sellers here with its cumulative sales reaching 1.65 billion bottles as of March of this year.
Terra also holds another auspicious record.
Sales surpassed 1 million boxes just 39 days after its introduction, which is the fastest growth for a beer manufactured in Korea. Sales continued to rise to more than 1.3 million bottles sold by October 2020.
HiteJinro expects the popularity of its lager to continue this year. Unfazed by the resurgence of COVID-19 infections in the country, the brewer has targeted the niche market of people drinking at home.
HiteJinro decided to lower the price of canned Terra beer starting on July 14. Terra lager sold in 500-milliliter cans will be offered with a 15.9 percent discount.
FiLite is another popular alcoholic beverage manufactured by HiteJinro, the cumulative sales of which surpassed 1.2 billion cans as of June.
The low-malt beer comes in three different types: original FiLite, FiLite Fresh and FiLite Radler. The FiLite series was first introduced in April of
...More info on site
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Australia: Australia’s grain industry adjusting to damaged malting barley exports
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The lack of Australian barley access to China dealt a heavy blow to the Australian grains industry, but there is a silver lining explained,
...More info on site
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Ireland: Spring barley harvest starts in Ireland
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In a rare occurrence, the spring barley harvest got underway in the past few days in Ireland, with reports of crops being cut in counties Cork and Wexford, while some farmers are still finishing off the winter barley harvest in parts of the country, The Irish Farmers Journal reported on July 28.
The recent hot weather resulted in quicker ripening of crops. Planet spring barley, planted in early February, went under the knife in Carrigtwohill, Co Cork, on Saturday on Denis O’Connor’s farm. Tillage manager at Dairygold, Liam Leahy, stated that the farm is always one of the first to cut in the area as it is on light land and described the crop as good-quality malting barley.
The crop crossed the weighbridge at Dairygold Mogeely with a moisture content of 16-17%, KPH of 65, protein content of 9% and screenings of 2%.
Strong yields were reported, with the crop exceeding 3t/ac. Straw yields were also reported to be high with good demand in the area.
Leahy said that intake could prove slightly awkward this season, as winter oats, winter oilseed rape and spring barley come together on the back of the good conditions.
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Japan: Drinks manufacturers introducing a range of low-alcohol products
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Leading Japanese spirits and beer manufacturers are introducing a range of low-alcohol products to the market, with the aim of meeting the needs of consumers who fear drinking too much, especially after the government's new call to stay indoors triggered by increase in infections from Covid-19, the European Food Agency reported on July 30.
Last month, Asahi Breweries Ltd. nationally launched Beery, a line of beer-like beverages with 0.5% alcohol content. The line, which premiered last March in the Tokyo metropolitan area, had recorded strong sales, especially between twenty and thirty year olds. In turn, Sapporo Breweries Ltd. will introduce The Drafty, a beer-inspired, malt-based drink with 0.7% alcohol in 35 cl cans for the domestic market in September, while Mercian Corp will launch in late August “Bon Rouge”, a red wine with an alcohol content of 6% (about half of that of a normal table wine).
According to research firm Intage, domestic sales of low-alcohol beverages in 2020 grew by 70% compared to 2013, reaching a value of 419.1 billion yen. The growing importance given to the "health" factor also supports the spread of these products. In 2013, the World Health Organization cited alcohol consumption as a risk factor for those
...More info on site
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