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E-Malt.com Newsletter 21a
May 19 - May 21, 2014
Quote of the Week
"Beer will get you through times of no money better than money will get you through times of no beer."
Maureen Ogle
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Currency Rates
Base Currency: US Dollar
on May 21, 2014 |
Base Currency: Canadian Dollar
on May 21, 2014 |
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1 USD = 0.7298 EUR
1 USD = 0.5943 GBP
1 USD = 1.0888 CAD
1 USD = 1.0776 AUD
1 USD = 101.3980 JPY
1 USD = 2.2123 BRL
1 USD = 34.6091 RUB
1 USD = 6.1701 CNY
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1 CAD = 0.9186 USD
1 CAD = 0.5459 GBP
1 CAD = 0.6704 EUR
1 CAD = 0.9899 AUD
1 CAD = 93.1471 JPY
1 CAD = 2.0323 BRL
1 CAD = 31.7929 RUB
1 CAD = 5.6680 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Barley exports to decrease by 8% in the current year
...Click here
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USA, ME: Maine’s craft beer industry expected to grow 200 per cent in the coming four years
...Click here
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USA, PA: Roundabout Brewery granted a brewpub license
...Click here
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USA, OR & WI: Deschutes beers to hit Wisconsin shelves on July 1
...Click here
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USA, OH: Rhinegeist Brewery receives state tax credits allowing it to expand
...Click here
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USA, NY: The Iron Flamingo Brewery expected to open this summer in Corning, NY
...Click here
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USA, CA & NC: AleSmith Brewing Company’s beers coming to North Carolina
...Click here
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USA, CO: Sanitas Brewing Co. amid multi-pronged expansion effort
...Click here
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USA, NC: Charlotte’s Four Friends Brewing has shut down
...Click here
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World: Malt production shifting more to consumer countries
...Click here
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Russia: Per capita beer consumption down 8% last year
...Click here
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Turkey: Anadolu Efes reports TRL100.8 mln net losses in Q1 2014
...Click here
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Chile: CCU now allowed to build $300 mln brewery on the outskirts of Santiago
...Click here
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India: United Breweries to launch Heineken beer in cans and expand its distribution to two more states
...Click here
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Ireland: Fall in alcohol consumption since 2001 is quite startling
...Click here
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World: Activities on international barley markets are seen as negligible
...Click here
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China: 2013/14 barley import volume expected to exceed 3 mln tons
...Click here
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Kenya: Kenya ranked low in alcohol consumption despite being largest beer market in the region
...Click here
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Denmark: Carlsberg places 10-year euro notes for 1 bln euros
...Click here
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Myanmar: Beer production increases in ten months to January 2014
...Click here
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Brazil: Brazil has the third most expensive beer in South America
...Click here
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UK: Mexican Corona beer may be in shortage over the next several months
...Click here
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UK: Britain is fast developing a taste for Polish lager
...Click here
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India: United Breweries delays announcement of fourth-quarter results pending court ruling on its sale of United Spirits
...Click here
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Graph of the Week
Table of the Week
Austria Brewing Industry 1980-2013
Prices Evolution
Barley Prices
Canadian Malting and Feed Barley Prices
US Malting and Feed Barley Prices
French Malting and Feed Barley Prices
Theoretical Malt Prices
Canadian Malt Prices
US Malt Prices
Theoretical EU Malt Prices
Scientific Digest
Do you know the metal levels of your raw materials?
ABSTRACT
If you don't, it may be worthwhile to take a closer look
as these German researchers did. They measured the
content of calcium, magnesium, iron, copper and
zinc throughout the whole brewing process. In a
comparison with malt and yeast, hops contained
more calcium and iron. 96% of all metal ions were
malt derived, where as hops contributed 2.8%, yeast
1% and 0.2% by water. They found that during the
brewing process the highest amount of metal ions
were discharged with the spent grain. Of the total
intake only 0.1% of iron, 0.4% of zinc, 3.1% of
copper, 6.3% of calcium and 15.1% of magnesium
made it into the final beer.
Read more
Source: Barth Innovations
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These Days in Business History
May 19
1892 Charles Brady King invents pneumatic hammer
1913 William Reddington Hewlett is born, American Businessman
1939 1st regular transatlantic airmail (New York to Marsseille France)
May 20
1806 John Stuart Mill is born, UK, philosopher/political economist/Utilitarian
1875 International Bureau of Weights and Measures forms by treaty
1892 Charles Brady King invents pneumatic hammer
May 21
1570 1st atlas, with 70 maps, published
1761 1st life insurance policy in U.S., issued in Philadelphia
1929 Automatic electric stock quotation board installed, New York City
Agenda
May 2014:
21-24: Pivo (Beer) 2014 (Sochi, Russia)
21-24: South Beer Cup 2014 (Belo Horizonte, Brazil)
22-24: Copenhagen Beer Festival 2014 (Copenhagen, Denmark)
23-25: Latviabeerfest 2014 (Riga, Latvia)
June 2014:
11-15: Mondial de la Biere 2014 (Montreal, Canada)
August 2014:
12-16: Great British Beer Festival 2014 (London, UK)
September 2014:
08-11: Worldwide Distilled Spirits Conference 2014 - IBD Scottish Section (Glasgow, UK)
25-27: Drink Technology India 2014 (Mumbai, India)
October 2014:
13-16: China Brew and Beverage 2014 (Beijing, China)
November 2014:
11-13: Brau Beviale 2014 (Nuremberg, Germany)
12-14: Vietbrew 2014 (Ho Chi Minh City, Vietnam)
More events are available on site www.e-malt.com
News Articles
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Canada: Barley exports to decrease by 8% in the current year
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For 2013-14, Canada’s barley exports are forecast to decrease by 8% to 2 mln tonnes due to a recovery in world feed and malt
...More info on site
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USA, ME: Maine’s craft beer industry expected to grow 200 per cent in the coming four years
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Maine's craft beer industry is expected to grow 200 per cent during the coming four years, Maine News reported on May 17.
The Maine Brewers Guild said on 15 May, 2014 that the industry is expected to record strong growth during the coming years. The estimates are backed by a study conducted by economists at the University of Maine. It found that Maine breweries were able to sell $92.6 Million worth of beer during 2013. They employed around 1500 workers across the state.
Estimates showed that impact on the Maine economy in 2013 for Maine Craft beer is $189 million. The study also found that Maine brewers plan to boost production by 36 per cent between 2013 and 2014 and by 200 per cent by the year 2018.
The data was gathered from 35 breweries that were operating in Maine in 2013 and there are more than 53 breweries in operation and another 5 are expected to open shortly.
Dan Kleban, owner of Maine Beer Co. and president of the Maine Brewers Guild, said, "The future is bright for Maine craft beer. We are creating sustainable manufacturing jobs, driving tourism, and supporting allied industries like Maine farms."
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USA, PA: Roundabout Brewery granted a brewpub license
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Steve Sloan, who is opening Roundabout Brewery on Butler Street in Lawrenceville, is ready to serve up his beers by the pint, Pittsburgh Business Times reported on May 20.
After launching his Roundabout Brewing Co. on Butler Street last year by selling his beers in growlers last year, Sloan and his wife Dyana recently were granted a brewpub license, allowing the brewery to sell its beers by the glass.
"We're excited about the next step here," said Sloan, who opened Roundabout last summer.
As part of the expansion, Roundabout has also added a new fermenter that will help increase the amount of beer it can make by 50 percent. Sloan said the new licensing and the added equipment gives him greater flexibility of what to make and serve.
He's also added two more taps, growing the number of beers he can sell at any one time from five to seven.
Sloan, a former brewer of the year at the Great American Beer Festival, expects some beers will be better to serve by the glass than the growler.
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USA, OR & WI: Deschutes beers to hit Wisconsin shelves on July 1
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Move over Wisconsin-made brews, Deschutes Brewery, which is based in Oregon, will bring its beer to Wisconsin store shelves on July 1 through a deal with beer distributor Wirtz Beverage Wisconsin, Milwaukee Business Journal reported on May 19.
Deschutes makes a number of beers including Mirror Pond Pale Ale, Black Butte Porter, Chainbreaker White IPA, and Twilight Summer Ale.
“Wirtz Beverage has been a great partner for us in other markets and we’re looking forward to complementing their beer portfolio in Wisconsin with our handcrafted beers," said Stacy Denbow, expansion manager for the brewery.
Deschutes Brewery will also have launch events the week of July 14, 2014.
“Wisconsin is home to beer lovers and there’s no doubt Deschutes’ entry into the market with some of their most well-loved brands causes great excitement,” said Nate Phippen, vice president of sales for Wirtz Beverage Wisconsin. “We’re extremely proud to play a role in bringing their beers here and confident Wisconsin will be a huge opportunity for them.”
Wirtz Beverage, a division of Chicago's Wirtz Corp., is also supporting the company by having a statewide craft beer team, which includes beverage industry experts and beer aficionados who will focus on brand education and sales. The team consists of
...More info on site
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USA, OH: Rhinegeist Brewery receives state tax credits allowing it to expand
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Rhinegeist, the growing Over-the-Rhine brewery, received state tax credits on May 20 that will allow it to bring 40 new jobs, retain 15 existing jobs and invest $6.5 million in an expansion of its current facility’s production capability, Cincinnati Business Courier reported.
The Ohio Tax Credit Authority approved the 40 percent job creation tax credit. That means Rhinegeist’s state corporate income taxes will be 40 percent less on income it generates beyond what it already earns today.
Under the agreement with the state, Rhinegeist has to maintain operations at its site for at least eight years. Rhinegeist distributes kegged and canned beer and operates a large tap room where it often holds events at 1910 Elm St.
Rhinegeist expects to have $1.2 million in additional annual payroll by Dec. 1, 2016.
“The company is seeking to expand in the brewery districts of Cincinnati or in Northern Kentucky,” according to details of the agreement published by the authority. “Support will ensure the company continues to grow in Ohio.”
REDI Cincinnati, the state’s economic development partner in southwest Ohio, hailed the agreement, along with a move by the Ohio Controlling Board to approve a Clean Ohio Assistance Fund request for $736,520 that will be used to clean
...More info on site
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USA, NY: The Iron Flamingo Brewery expected to open this summer in Corning, NY
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Corning's popular brewpub, Market Street Brewing Company, has something special on tap for its customers, TWC News reported on May 19.
“We've been here for 17 years, and we know what people like and it was time to take to step,” said Pelham McClellan, brewer and co-owner of Market Street Brewing Company.
The owners of Market Street Brewing Company, in a joint venture with two other friends, are opening a new microbrewery in the city. The Iron Flamingo will feature three of the brewpubs flagship beers. The owners say they've had a hard time keeping up with the high demand for their specialty beers at their current location.
“We have a seven barrel system which means we produce a little under 200 gallons of beer. In the summertime, we'll go through that within two to three weeks,” said McClellan.
The Iron Flamingo adds to a growing list of microbreweries in the region. There were about 24 microbreweries in the Finger Lakes region in 2011. That number has nearly tripled since then. Statewide, the number of microbreweries has gone from 85 to 154 in the last two years, contributing to overall economic impact of more than $2.2 billion annually.
The New York State Brewers Association says
...More info on site
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USA, CA & NC: AleSmith Brewing Company’s beers coming to North Carolina
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Mims Distributing Company, a beer distributor that services a nine-county area in and around the Triangle in North Carolina, has announced that it will be bringing brands from AleSmith Brewing Company, located in San Diego, Calif., to its distribution area beginning May 14, Brewbound reported on May 20.
According to Ratebeer.com, AleSmith is the world’s top brewer and its agreement with Mims Distributing Company marks the first time that that the beer will be available in the Southeastern region of the United States; Maryland, Massachusetts, New York, Pennsylvania, Vermont and parts of Rhode Island are the only other states on the East Coast to offer the brand.
“We are excited to announce that we will be helping AleSmith make its Southeast debut right here in the Triangle,” said Chip Mims, CEO of Mims Distributing Company. “It is an honor to be able to add the ‘top brewer in the world’ to our craft beer portfolio. As North Carolina’s craft beer scene continues to grow, we are confident that the Triangle is the perfect fit for AleSmith ales.”
AleSmith Brewing Company’s beers have been recognized with numerous awards for taste and quality. To date, the brewery has won 16 medals from the Great American
...More info on site
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USA: Movement of barley off farm still slow
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Steady market prices and not much barley moving to markets – these are things Marvin Zutz, Minnesota Barley Growers Association executive director, has grown accustomed to expect in recent months. But the USDA planting intentions report that was issued at the end of March was surprising to him, The Prairie Star reported on May 17.
“I was fairly impressed with the numbers that came out, both for Minnesota and North Dakota,” Zutz said, referring to the planned number of barley acres. “The numbers were stronger than what I was led to believe going into that report. But they may come in a little lower now with the late spring we are having.”
Minnesota growers actually indicated they were going to plant 11 percent more barley in 2014, with 100,000 planned. Meanwhile across the border, North Dakota producers were expecting to plant 650,000 acres, a decrease of 14 percent.
Canadians are also looking at lower barley acres. Statistics Canada is expecting 6.3 million acres of barley will be planted this year, down from 7.08 million last year and 7.4 million in 2012. Only a decade ago, Canadian farmers seeded nearly 11 million acres of barley.
Movement of barley off the farm is still slow, Zutz
...More info on site
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USA, CO: Sanitas Brewing Co. amid multi-pronged expansion effort
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Sanitas Brewing Co., which opened last September in Boulder, is a contributing member to the craft brewery boom, Daily Camera reported on September 19.
Not even a year into the game, the startup is taking big strides to ensure its longevity if the upswing busts.
The fledgling Sanitas is in the throes of a multi-pronged expansion effort designed to help the brewery churn out more beers, create unique offerings and gain a wider following.
"We really made a decision to up that ante," said Michael Memsic, a former Boulder Beer brewer who founded Sanitas with Chris Coyne and Zach Nichols.
Last week, Sanitas dropped in a 60-barrel fermentation tank at its 3550 Frontier Ave. warehouse unit off Pearl Parkway.
The new arrival joins a 15-barrel brewhouse, three 15-barrel fermentation tanks and a 60-barrel fermenter to up the brewery's capacity by more than 50 percent in one fell swoop, Memsic said.
On the docket next is the expected arrival of 200 additional kegs, which will allow Sanitas to land its beers on more taps in a wider swath of Colorado's Front Range.
The aim, Memsic said, is to hook up more draft accounts and spread distribution outside the Boulder region to Denver and Fort Collins.
The third move involves
...More info on site
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USA, NC: Charlotte’s Four Friends Brewing has shut down
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Four Friends Brewing, which had been up and running in Charlotte since 2010, has shut down, according to its Facebook page. The brewery was best known for its I-77 IPA, but had struggled in a marketplace that's become increasingly more crowded in Charlotte.
Four Friends incorporated in 2007 and opened in 2010. It was Charlotte's second oldest craft brewery, behind Olde Mecklenburg Brewery, which opened in 2009. While Olde Meck stuck to German-style beers, Four Friends was more experimental. "Four Friends was Charlotte's first brewery that came in and did something different," says Daniel Hartis of charlottebeer.com. At first, its owners tried out British style ales but saw more of a demand for IPAs, he said.
Once NoDa Brewing and Birdsong Brewing opened in 2011, Four Friends began to fade. "They weren't as present from a marketing standpoint as some of the new breweries," says Hartis. It took them longer to open up a tap room at their brewery in Steele Creek, while Olde Meck, NoDa and Birdsong had tap rooms running immediately after they opened.
Four Friends says its beer will be available at local bars and restaurants until it runs out.
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USA, WI: Door County Brewing Co. to open on May 24
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What its owners hope will be a new Door County destination opens its doors Saturday, May 24 in a former feed mill and grocery store in Baileys Harbor. The Door County Brewing Co. unveiled its repurposed tasting room during a “soft opening” party over the previous weekend, doorcountyadvocate.com reported on May 20.
As John McMahon welcomed visitors on May 17, he said the renovations inside were done for the benefit of the community.
“We want to make everybody proud of what we’ve done, and we want it to be a legacy,” McMahon said. “We want people to see this place for many years in the condition it’s in. We want to make this village proud of what we’ve done.”
Town Chairman Don Sitte cut the ribbon, asking for and receiving “a big resounding applause” from the small group of friends and supporters who arrived at the start of the four-hour open house.
The company is a family affair. McMahon’s wife, Angie, is in charge of the retail aspects of the business; son Danny is the brewmaster and son Ben is in charge of the tasting room as well as assistant brewer.
The plan is to be open 11 a.m. to 10 p.m. seven days a
...More info on site
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World: Malt production shifting more to consumer countries
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According to FranceAgriMer data, French barley usage in July/February was 1.120 mln tons, plus 2.4% as compared to the same period last year.
As malt
...More info on site
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Russia: Per capita beer consumption down 8% last year
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Russia’s per capita beer consumption declined last year by 8% to 59 litres from 64 litres in 2012, Baltika Breweries said in a corporate
...More info on site
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Turkey: Anadolu Efes reports TRL100.8 mln net losses in Q1 2014
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Anadolu Efes on May 9 posted a double-digit rise in first-quarter sales, but its bottom line was hampered by exchange rate pressures and the
...More info on site
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Chile: CCU now allowed to build $300 mln brewery on the outskirts of Santiago
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Chilean authorities on May 20 rejected plans by the nation's largest beer brewer Compania Cervecerias Unidas to build a $300 million plant on the
...More info on site
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India: United Breweries to launch Heineken beer in cans and expand its distribution to two more states
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India’s largest brewer United Breweries Ltd (UBL) plans to launch Heineken beer in cans and expand the distribution of the brew to Andhra Pradesh
...More info on site
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Ireland: Fall in alcohol consumption since 2001 is quite startling
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According to recent figures, provided by the Revenue Commissioners based on excise duty and compared with the population, as estimated by the Central Statistics
...More info on site
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World: Activities on international barley markets are seen as negligible
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International activities have been negligible since months, the large buyers are well covered in old crop barley and there is no pressure either from
...More info on site
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China: 2013/14 barley import volume expected to exceed 3 mln tons
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China’s barley import in March was 540,000 tons, of which 516,000 tons from Australia. Total imports since July 2013 stood at 2.3 mln tons
...More info on site
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Kenya: Kenya ranked low in alcohol consumption despite being largest beer market in the region
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Kenya is ranked at the bottom compared to neighbouring Tanzania, Rwanda, Malawi, Burundi and Uganda in alcohol consumption despite being the largest beer market in the region, Standard Digital reported on May 18.
Kenya is also one of the lowest informal beer markets in Africa, at 20 per cent, compared to 89 per cent in Uganda, 87 per cent in Tanzania and 17 per cent in South Africa.
According to figures released by the World Health Organisation (WHO) in a report titled Global Status Report on Alcohol and Health 2014, only 23.1 per cent of Kenya’s population drinks alcohol. This is compared to Rwanda where 44.7 per cent of the adult population take alcohol, 41.8 per cent in Tanzania, 41.1 per cent in Burundi and 41 per cent in Uganda.
While Kenya has a lower alcohol-consuming population in the region, it has the largest number of beer consumers at 56 per cent of all alcoholic beverages consumed.
Analysis by Standard Investment Bank estimates that in Burundi, only 25 per cent of those taking alcoholic beverages drink beer.
This is compared to 50 per cent in Ethiopia, 11 per cent in Rwanda, 9 per cent in Uganda and 11 per cent in Tanzania. Kenya’s alcohol consumption
...More info on site
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Denmark: Carlsberg places 10-year euro notes for 1 bln euros
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Danish brewer Carlsberg said on May 20 it had successfully placed 10-year euro notes for a principal amount of 1 billion euros with a coupon of 2.5 percent.
The notes have been issued under the company's European medium term note.
The notes will be listed on the Luxembourg Stock Exchange and the proceeds of the offering will be used for general corporate purposes, Carlsbeg said.
J. P. Morgan Securities plc, Mitsubishi UFJ Securities International plc, Nomura International plc, The Royal Bank of Scotland plc and UniCredit Bank AG acted as active bookrunners.
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Myanmar: Beer production increases in ten months to January 2014
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Myanmar’s beer production has increased to 27.5 million gallons in ten months from April 2013 to January, which is one million gallons higher than
...More info on site
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Brazil: Brazil has the third most expensive beer in South America
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To buy half a litre of beer Brazilians have to pay an average of US$1.58 (R$3.51), according to data provided by Numbeo.
The amount is the third-largest in South America, only behind Venezuela (US$2.65) and Uruguay (US$2.01). Ecuador has the cheapest beer of all South American nations, with population only paying US$0.98 per half a litre.
Brazil’s government recently announced a new increase of beer taxes which will enter into force after the FIFA World Cup.
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UK: Mexican Corona beer may be in shortage over the next several months
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Molson Coors, exclusive UK distributor of the AB InBev-owned Corona brand, has warned retailers that orders it placed for the Mexican beer in the first quarter of this year would not be delivered to schedule, The Grocer reported on May 18.
“This is expected to lead to a shortage of stock in the UK,” Molson Coors said this week, adding that “to minimise the impact on our customers and consumers, we have taken the decision to proactively manage Corona stock until further notice.”
Some experts think the lack of stock on Corona, a £60 mln-sales brand in the UK that’s imported from Mexico, has been caused by increased demand ahead of the World Cup.
But other industry insiders claim AB InBev’s brewery in Mexico has been suffering a shortage of bottles and it was not known when this would be resolved. AB InBev said it would work closely with Molson Coors to manage stock and minimise disruption. “We are working hard towards a solution,” it added.
Neither brewer would say what direct impact the shortage was likely to have on retailers, although a senior buyer at one of the big four said he did not expect to run out altogether.
The issue comes as
...More info on site
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UK: Britain is fast developing a taste for Polish lager
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Britain is fast developing a taste for Polish lager thanks to the influx of workers from Eastern Europe, new industry figures reveal.
The extra strong Tyskie brand is now so popular in the UK it has made the top ten ‘World Beers’ table alongside better known brands like Heineken and Kronenbourg.
The list records the best selling foreign beers and lagers sold in shops, supermarkets and off licences across the UK, outside the mass market brewers like Carling and Stella.
But while the other brands have built up a strong following in Britain over decades, Tyskie is a relative newcomer thanks to the wave of Polish immigrants in recent years.
In Poland, it accounts for one in five of all beer sales and at 5.6 per cent is stronger than most other lagers sold over here which are often too weak for Eastern European tastes.
Now it is owned by multinational brewing giant SAB Miller which also has Peroni, Grolsch and several other foreign beers.
Miller Brands sales director Tim Clay said: 'Retailers should aim to have a selection of world beers available alongside their mainstream and everyday premium lager to encourage consumers to trade up.'
Sales of so-called World Beers are soaring in the UK
...More info on site
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India: United Breweries delays announcement of fourth-quarter results pending court ruling on its sale of United Spirits
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United Breweries (Holdings) Ltd (UBHL) said it would delay the announcement of its fourth-quarter results, pending a Supreme Court ruling on its sale of United Spirits Ltd. (USL) shares worth at least Rs1,400 crore to Diageo Plc, Livemint reported on May 19.
UBHL, the holding company of Vijay Mallya’s troubled UB Group, said in a statement to BSE that it would publish its fourth-quarter results within a month after the Supreme Court passes judgement on the Diageo stake sale case.
UBHL filed an appeal with the Supreme Court in January against a Karnataka high court order that annulled the sale of USL shares.
The high court, which passed its verdict on 20 December, reversed an order passed by the same court in May when it gave conditional approval to UBHL to sell its shares to Diageo.
The December order came in response to a winding-up petition filed by creditors of UBHL, which, according to the company’s latest annual report, has extended corporate guarantees worth thousands of crores to lenders of troubled group affiliate Kingfisher Airlines Ltd. Proceedings related to the winding-up petition will continue in the high court.
Diageo completed its takeover of USL last July, nearly eight months after the companies announced the deal.
...More info on site
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