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E-Malt.com NewsLetter
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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 31a
August 02 - August 04, 2021


Quote of the Week

Fermentation and civilisation are inseparable.
John Ciardi

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Currency Rates


Base Currency: US Dollar
on August 04, 2021
Base Currency: Canadian Dollar
on August 04, 2021
      1 USD = 0.8422 EUR
1 USD = 0.7190 GBP
1 USD = 1.2526 CAD
1 USD = 1.3537 AUD
1 USD = 109.1200 JPY
1 USD = 5.1957 BRL
1 USD = 72.9416 RUB
1 USD = 6.4654 CNY
      1 CAD = 0.7982 USD
1 CAD = 0.5739 GBP
1 CAD = 0.6723 EUR
1 CAD = 1.0805 AUD
1 CAD = 87.1000 JPY
1 CAD = 4.1473 BRL
1 CAD = 58.2240 RUB
1 CAD = 5.1609 CNY

Currency Rates Chart


Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Barley news Canada: Barley prices increase sharply on crop concerns and lack of offers ...Click here
Brewery news Canada, AB: Big Rock Brewery announces its financial results for Q2 and H1 2021 ...Click here
Brewery news USA, CA: Long Shot Brewery slated to open in Visalia in mid-August ...Click here
Brewery news USA, NY: Couple bringing unique combination of brewing and bowling to Honeoye Falls ...Click here
Brewery news USA, NC: Legion Brewing ready for debut in Charlotte ...Click here
Brewery news USA, NY: Spotted Octopus Brewing locks down its new location in Buffalo ...Click here
Brewery news USA, VT: Two breweries set to open about a block apart in Waterbury ...Click here
Brewery news USA: Molson Coors to discontinue 11 economy brands in premiumization push ...Click here
Brewery news USA, IN: Myriad Brewing’s second location projected for Newburgh ...Click here
World News
Brewery news World: Heineken reports first-half earnings above expectations ...Click here
Brewery news Germany: First-half beer sales see 2.7% yoy decline ...Click here
Brewery news South Korea: Beer imports touch five-year low in January-June this year ...Click here
Brewery news Vietnam: Sabeco posts 6% rise in first-half after-tax profits ...Click here
Barley news Australia: December-April new crop barley shipments total 4.5 mln tonnes ...Click here
Brewery news EU & UK: Finland, Ireland and the UK highest beer taxing countries in Europe ...Click here
Brewery news Kenya: East African Breweries Limited reports marginal net profit drop in the year through June 2021 ...Click here
Brewery news UK: Diageo does not have to pay £277 mln tax bill ...Click here
Brewery news UK: Guinness 0.0 to be relaunched later this summer ...Click here
Brewery news Australia: Craft beer maker Broo reports first quarterly profit since ASX listing in 2016 ...Click here
Brewery news Sri Lanka: Maud Meijboom-van Wel assumes duties as Heineken Lanka Managing Director ...Click here
Brewery news Rwanda: Three women making their mark on Rwanda’s beer industry ...Click here
Graph of the Week


Table of the Week

The 40 Largest Breweries Worldwide


Table of the week.

Prices Evolution

Prices evolution

Barley Prices



Theoretical Malt Prices



These Days in Business History


02 August
1858 - 1st street mailboxes-Boston, Mass
1890 - The BOVESPA (Bolsa de Valores de Sao Paulo, or Sao Paulo Stock Exchange), Brazil's central securities market, is founded
1984 - Euro Court condemns phone-tapping
2000 - The New York Stock Exchange begins trading in decimals, ending the two-century-old practice of pricing stocks in increments of 1/8th of a dollar

03 August
1887 - Thomas Alva Edison receives a U.S. Patent for his new kinetoscope, the predecessor to the motion-picture camera
1977 - Tandy Corp. introduces one of the earliest affordable personal computers, the TRS-80 (soon to be affectionately nicknamed the "Trash 80"). It has 4 (yes, four) kilobytes of memory, a black-and-white monitor, and uses floppy disks that truly flop when you shake them. It retails for just $599
1984 - Total trading volume on the New York Stock Exchange exceeds 200 million for the first time, as 236,565,110 shares change hands

04 August
1693 - Dom Perignon invents champagne
1790 - Congress enacts Alexander Hamilton's plan to fund the public debt and giving birth to the American securities markets
1930 - Michael J. Cullen opens his first King Kullen store. He calls it a "supermarket," one of the nation's first - and it is a smash hit, as people drive from miles around for the new shopping experience
2007 - NASA's Phoenix spaceship is launched


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


Barley news Canada: Barley prices increase sharply on crop concerns and lack of offers
Canada’s barley prices are reported to have increased sharply, amid mounting crop concerns and lack of offers from farmers and trade, industry analysts said at the end of July.

According to local sources, 1-1.5 mln tonnes of barley have been shipped to China, but the quality of the commodity shipped is uncertain.

US corn and Dried Distillers Grain (DDGs) are already being imported into Western Canada to help offset the declining crop situation.

Lethbridge feed barley prices are sharply up too, industry sources reported.


Brewery news Canada, AB: Big Rock Brewery announces its financial results for Q2 and H1 2021
Big Rock Brewery Inc. announced on July 29 its financial results for the three and six months ended June 30, 2021.

Financial Highlights

For the three months ended June 30, 2021, compared to the three months ended June 30, 2020, the company reported:

• net revenue increased by 14.8%, from C$11.9 million to C$13.7 million; • adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") of C$2.0 million versus C$2.5 million (see "Non-GAAP Measures"); • sales volumes decreased by 1.0% from 46,693 hl to 46,233 hl; • net income of C$0.8 million versus net income of C$0.6 million; and • operating income of C$1.1 million, compared to operating income of C$1.1 million.

For the six months ended June 30, 2021, compared to the six months period ended June 30, 2020, the Corporation reported:

net revenue increased by 16.5%, from C$20.9 million to C$24.3 million; Adjusted EBITDA of C$2.8 million versus C$2.5 million (see "Non-GAAP Measures"); sales volumes decreased 1.6% from 83,183 hl to 81,833 hl; net income of C$0.3 million versus net loss of C$0.3 million; and operating income of C$0.6 million, compared to operating income of C$0.1 million.

During the second quarter, Big Rock completed the disposition of its Etobicoke brewery for net proceeds of C$2.1 million of which C$1.1 million were applied to settle outstanding lease ...More info on site


Brewery news USA, CA: Long Shot Brewery slated to open in Visalia in mid-August
Opening up Long Shot Brewery has been something Jesse Jurado has wanted to do for the past 25 years. And the journey he took to open the Visalia watering hole is one he says lives up to its namesake, The Business Journal reported on July 30.

Long Shot Brewery is slated to open mid-August and will have 12 taps featuring his beers as well as beer from recently closed brewery Rocky Hill Brewing in Exeter.

Work is nearly complete on the 1,200 square-foot space at 706 E. Acequia Ave. and Jurado has his brewery licenses.

Jurado calls Long Shot the “accidental brewery.”

When he first applied with the City of Visalia, he wanted to open as a taproom, featuring not only his own beer but also guest beers as well. After reading about the regulations he would have to comply with he found out opening a brewery would be far easier — the only difference being a few restrictions on guest taps.

There at the site plan review, Jurado said he made the switch and became a brewery.

This was in 2019. The original hope was to open mid-2020. He was even preparing his debut for Irish Fest at then-Rawhide Stadium, now Valley Strong Ballpark. Not ...More info on site


Brewery news USA, NY: Couple bringing unique combination of brewing and bowling to Honeoye Falls
Most people are into sightseeing when they travel. But Megan Phillips and Seth Wile have a different definition of fun. The engaged couple consider themselves to be dive bar and bowling connoisseurs.

And it's even better when the two interests combine, the Democrat & Chronicle reported on August 3.

Phillips and Wile lived in San Francisco for the past nine years and met while working at pioneering craft brewery Magnolia Brewing, in the city's Haight-Asbury neighborhood. Every weekend, they found themselves at bowling alleys. When traveling, they sought out new bowling centers.

They are bringing that unique combination to the village of Honeoye Falls.

The couple is feverishly working to restore and renovate the historic former home of Brongo Lanes, later known as Miller Lanes, into Okay Beer Company at West Main Lanes, 126 W. Main St.

The project will feature 16 bowling lanes, a 5-barrel brewhouse brewery, a full menu of spirits and wines, outdoor dining (with an ample beer garden), nine horseshoe pits and a full-service kitchen featuring elevated bowling alley classics.

In a village that lost its only craft brewery with the sudden closure of CB Craft Brewers in 2019, Okay Beer will fill a void. Plus, the bowling alley, which ...More info on site


Brewery news USA, NC: Legion Brewing ready for debut in Charlotte
Charlotte’s Trolley Barn Fermentory & Food Hall is gearing up to welcome its first guests, WCOC Charlotte reported on August 2.

That location could open next week — though timing depends on when its ABC permit is received, says Phil Buchy, founder of Legion Brewing.

The fermentory — the third location for Legion — is located in Atherton Mill’s historic trolley barn, at 2104 South Blvd. The 11,400-square-foot space has been adapted to include a second-floor mezzanine and two patios with views of uptown.

Buchy says he wasn’t looking to grow Legion’s footprint when Atherton Mill owner Edens reached out to him. He immediately saw the potential for the space.

“South End is one of the most vibrant neighborhoods and communities in Charlotte,” Buchy says. “Atherton Mill has such as deep history to it. It was exciting to think what we could do there.”

The fermentory brings a brewery, taproom and cocktail program as well as three food stalls under one roof.


Brewery news USA, NY: Spotted Octopus Brewing locks down its new location in Buffalo
According to their social media pages, Spotted Octopus Brewing has officially locked down its new location at 41 Edward Street in Buffalo, WYRK.com reported.

Spotted Octopus Brewing is a new, locally-owned brewing company that has had a campaign over the last several weeks and months, hoping to get their brewery off the ground with donations and investors.

According to their Facebook page, they are aiming to be open by sometime in late fall of 2021.

Octopus Brewing Company describes itself as a brewery that will have many different flavors of craft beer and that they will not settle for the "same old beer."

The taproom, when opened, will also serve snacks and light fare that will be sampled from locally-owned businesses around Buffalo.


Brewery news USA, VT: Two breweries set to open about a block apart in Waterbury
After months of updating local zoning regulations to recognize brewpubs in a key section of downtown Waterbury, two more breweries are getting set to open about a block apart, the Waterbury Roundabout reported on July 30.

If all goes as planned, Freak Folk Bier Brewers will open a restaurant and bar on Stowe Street and The Tropics Brewery will open on Foundry Street.

Last fall, developers of the new Bell’s Block building on Stowe Street next door to the American Legion applied to amend their local permit to sign on with a brewpub as the tenant for the first floor. “It was denied by the zoning administrator who indicated that that use was not allowed in that zoning district,” said Jason Wulff, co-owner of the mixed-use project.

Perry Hill Partners, as Wulff and business partner Aaron Flint’s development company is known, appealed the decision to court. Meanwhile, town officials over several months from December through April, focused on updating zoning regulations for a core area of the downtown. The result was a new interim zoning bylaw that, among other things, allows for small-scale on-site beer production.

The prospective tenant, Freak Folk Bier, is a small-scale brewer launched in 2019 using space at ...More info on site


Brewery news USA: Molson Coors to discontinue 11 economy brands in premiumization push
Molson Coors is cutting 11 economy brands and discontinuing 100 SKUs as the company ‘meaningfully streamlines and premiumizes’ its US portfolio, BeverageDaily.com reported on August 2.

Magnum and Mickey’s Ice are among the brands that will be cut and the company puts increased focus on its hard seltzer portfolio and other more premium drinks, as part of a wider strategy to revitalize the business.

The company decided it was time to take action on its 'long long tail of its economy portfolio in the US'.

“In recent months in the US, we paused production of a number of smaller low-margin, slow-moving economy brands and SKUs," explained CEO Gavin Hattersley in last week's earnings call.

"This allowed us to improve our brewing efficiency and stabilize inventories of our core brands, and it also premiumized our portfolio and improved our margins, and we intend to maintain that higher level of premiumization and service.

“So, after an extensive analysis of our business, we are meaningfully streamlining and premiumizing our US portfolio, discontinuing around 100 SKUs, including the elimination of 11 economy brands altogether.

"This will improve supply chain flexibility for our more profitable priority brands, enhance our innovation efforts, enable us to better focus resources ...More info on site


Brewery news USA, IN: Myriad Brewing’s second location projected for Newburgh
The mystery around Myriad Brewing’s second location seems to be solved, WFIE reported on August 3.

Permits on the Indiana Department of Homeland Security’s website show Myriad has a project at 8245 High Pointe Drive in Newburgh.

Myriad is located in the McCurdy building in downtown Evansville, and they posted a rendering of new tap room several weeks ago.

At the time, they wouldn’t say where it would be.

About three weeks ago, they said it would be announced in three weeks.


Brewery newsWorld: Heineken reports first-half earnings above expectations
Heineken, the world’s second-largest brewer, reported first-half earnings above expectations on August 2, but warned of weakness in the rest of the year as ...More info on site


Brewery newsGermany: First-half beer sales see 2.7% yoy decline
Beer sales in Germany saw a 2.7% year-on-year decline in the first half of 2021, according to data from the Federal Statistical Office (Destatis).

Breweries ...More info on site


Brewery newsSouth Korea: Beer imports touch five-year low in January-June this year
South Korean imports of beer touched a five-year low in the first half of the year amid a nationwide boycott of Japanese products, data ...More info on site


Brewery newsVietnam: Sabeco posts 6% rise in first-half after-tax profits
Vietnam’s largest brewer Sabeco posted after-tax profits of VND2.057 trillion ($89.43 million) in the first half of this year, a year-on-year rise of 6 ...More info on site


Barley newsAustralia: December-April new crop barley shipments total 4.5 mln tonnes
The Chinese market remains shut for Australian barley: 4.5 mln tonnes of new crop barley were shipped in December 2020 – April 2021 to ...More info on site


Brewery newsEU & UK: Finland, Ireland and the UK highest beer taxing countries in Europe
According to EU law, every EU country is required to levy an excise duty on beer of at least €1.87 per 100 litres (26.4 ...More info on site


Brewery news Kenya: East African Breweries Limited reports marginal net profit drop in the year through June 2021
East African Breweries Limited reported a marginal net profit drop in the year ended June as higher costs offset increased sales, with the company freezing dividend payouts to preserve capital, the African Markets reported on August 2.

The firm’s net earnings in the review period stood at Sh6.96 billion compared to Sh7.02 billion a year earlier.

“In recognition of the continued uncertainty in the external environment due to Covid-19 related restrictions, the directors do not recommend a final dividend,” EABL said in a statement.

The company last paid an interim dividend of Sh3 per share for the half year ended December 2019.

Its dividend last peaked at Sh8.5 per share in the year to June 2019.

Net sales jumped 14.7 percent to Sh85.9 billion, with most of the growth coming in the second half when Covid-19 restrictions in the East African countries were less severe compared to the first half.

The company also adapted to the pandemic, finding new routes to market including distributing products to consumers’ homes.

Sales in the Kenyan market rose 11 percent, particularly in spirits while demand for beer was hurt by restrictions including closure of bars and night-time curfew which reduced drinking hours at social joints.

Uganda’s sales grew by the largest margin ...More info on site


Brewery news UK: Diageo does not have to pay £277 mln tax bill
Spirits giant Diageo stated it does not have to pay a potential £277 million (US$385.2 mln) in tax liabilities, following HM Revenue and Customs (HMRC)’s decision that the firm did not receive illegal state aid, The Drinks Business reported on August 2.

According to its fiscal 2021 report, Diageo escaped a nine-figure tax payout earlier this year when HMRC ruled that the business did not gain an unfair advantage through the UK’s group financing exemption tax scheme.

In 2013, the UK government introduced the group financing exemption, part of its controlled foreign company (CFC) rules. The scheme provided multinationals with tax exemptions on certain income received by offshore subsidiaries.

In April 2019, after an 18-month investigation, the European Commission ruled that the scheme was a form of state aid, giving unfair advantages to some companies.

“Anti-tax avoidance rules are important to ensure that all companies pay their fair share of tax. But they must apply equally to all taxpayers,” Margrethe Vestager, European commissioner in charge of competition policy, said at the time.

“The UK gave certain multinationals a selective advantage by granting them an unjustified exemption from UK anti-tax avoidance rules. This is illegal under EU state aid rules.”

The European Commission then ordered the UK ...More info on site


Brewery news UK: Guinness 0.0 to be relaunched later this summer
Guinness has relaunched its 0.0% product, after it was withdrawn from shelves last October over concerns it may have contained mould, The Drinks Business reported on August 2.

Diageo’s UK managing director has confirmed in an interview with the Evening Standard that Guinness 0.0 will make its delayed relaunch later this summer.

The alcohol-free product, the result of four years of development, first launched in October 2020 but was pulled from shelves just weeks later after The Foods Standard Agency said the product “may contain mould.”

Diageo recalled all cans, saying at the time that there had been “a microbiological contamination which may make some cans unsafe to consume”.

After tightening its production process, Guinness 0.0 relaunched in Ireland last month and is expected to roll out across the UK by late August or early September.

“We always said that the quality of Guinness is really important. We built the brand on its quality credentials, and we made the call to take it back based on us not being happy with the quality initially. We wanted to make sure that when we relaunch it is at the quality we expect,” Dayalan Nayager, MD for Diageo, told the Evening Standard.

Diageo is currently in the process of ...More info on site


Brewery news Australia: Craft beer maker Broo reports first quarterly profit since ASX listing in 2016
Australian craft beer maker Broo has returned its first quarterly profit since listing on the ASX in 2016, the BrewsNews reported on August 2.

After a capital raise and a deal with Carlton & United Breweries to brew its beer as it attempts to turn its fortunes around, beleaguered Broo made A$44,000 in the quarter after costs for its operating activities.

The result carries a number of asterisks however, given that they come after selling beer paid for in previous quarters, and even with the small quarterly profit, Broo is still recording extensive losses of just under A$3.0 million for the year to date.

For the three months to June 2021, Broo reportedly earned A$1.0 million from customer receipts, its highest level since the first quarter in 2019. The company said it had A$116,000 in cash at the end of the quarter.

However it appears that Broo’s marginal profits have been derived from running out stock paid for a year ago in a quarter where it appears not to have completed major expenditure on its contract brewed beer.

Last quarter the company reported it had spent A$1.1 million in product manufacturing costs, on top of A$904,000 spent in the September quarter last year during when ...More info on site


Brewery news Sri Lanka: Maud Meijboom-van Wel assumes duties as Heineken Lanka Managing Director
Maud Meijboom-van Wel has assumed duties as Managing Director of Heineken Lanka Ltd., taking over the reins from her predecessor, industry veteran Dusty Alahakoon who was responsible for transforming Heineken Lanka Ltd. into a true multinational, nation.lk reported on August 2.

With wide exposure in both sales and marketing across multiple markets in Europe and Asia Pacific, Meijboom-van Wel arrived in Sri Lanka from Singapore where she last served as Heineken® Brand Director – Asia Pacific and Global Communication Director. Covering brand development in 23 Asia Pacific markets such as China, Vietnam, Korea, Australia, India, and Singapore, she has also held the position of Board Member of Thai Asia Pacific Breweries.

In 2013, Meijboom-van Wel became a management team member for DB Breweries in New Zealand. As the Marketing Director, she led an extensive portfolio of cider, craft, and lager brands with a focus on growth in premium, innovation, and breakthrough communication. In April 2016 Meijboom-van Wel was appointed as Marketing Director for GAB, later Heineken Malaysia Berhad, developing an innovative portfolio of global, local, and license brands, as well as accelerating cider locally in Malaysia.

Speaking about her new role, Meijboom-van Wel said: “Sri Lanka is an important market ...More info on site


Brewery news Rwanda: Three women making their mark on Rwanda’s beer industry
Three women, Josephine Uwase, Jessi Flynn and Debby Leatt, are making their mark on Rwanda’s beer industry through craft beer brewing with focus on boosting women’s economic empowerment. Theirs is a women-owned, women-led brewery, The New Times reported on August 3.

The first and women-owned modern craft brewery in Rwanda, Kweza Craft Brewery registered in Rwanda Development Board (RDB) and recently received license from Rwanda Food and Drugs Authority (RFDA) to produce fresh beer - beer in its optimum state after processing cycle ends - that can be consumed at its perfect flavour since it doesn’t need to be packed in bottles before drinking.

The brewery project was started through a Kickstarter campaign in 2016 and started to mature in 2019.

Some of the beer styles are Sorghum Ale (produced with sorghum and some fruit such as mango), Ginger Beer, India Pale Ale, Stout, Belgian Honey Blonde, Gose Beer, and others.

Malt, sorghum, banana, ginger are the main raw materials used by the company to produce different styles of beer.

“The goal of a craft brewery is to provide a variety of taste options - like a restaurant offers a menu. So we will work on having different styles of beer. We will use seasonal ...More info on site


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