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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 Scientific digest
RombBullet Business history
RombBullet Agenda
RombBullet News articles





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E-Malt.com Newsletter 21b
May 22 - May 2, 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 23, 2014
Base Currency: Canadian Dollar
on May 23, 2014
      1 USD = 0.7316 EUR
1 USD = 0.5925 GBP
1 USD = 1.0908 CAD
1 USD = 1.0820 AUD
1 USD = 101.6180 JPY
1 USD = 2.2133 BRL
1 USD = 34.3413 RUB
1 USD = 6.1698 CNY
      1 CAD = 0.9169 USD
1 CAD = 0.5433 GBP
1 CAD = 0.6708 EUR
1 CAD = 0.9921 AUD
1 CAD = 93.1727 JPY
1 CAD = 2.0294 BRL
1 CAD = 31.4873 RUB
1 CAD = 5.6570 CNY

Currency Rates Chart


Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Brewery news USA: Beer sales expected to increase again this summer ...Click here
Brewery news Canada, ON: Bicycle Craft Brewery to open later this year in Ottawa ...Click here
Brewery news USA, CA: Strike Brewing Company is nearing completion on brewery and tap room in San Jose ...Click here
Brewery news Canada, ON: Collingwood Brewery operational just over a year after first announced ...Click here
Brewery news USA, KY: Animal nutrition company planning distillery and brewery in eastern Kentucky ...Click here
Brewery news USA, CT: Back East Brewing to double facility size ...Click here
Brewery news Canada, BC: Construction of Powell Street Craft Brewery’s new facility underway ...Click here
Brewery news USA, PA: Molly Pitcher Brewing Co. coming to Carlisle this summer ...Click here
World News
Brewery news World: SABMiller’s full-year profit slightly increases owing to developing markets ...Click here
Barley news World: Barley output expected to decline to 135.2 mln tonnes in 2014/15 ...Click here
Brewery news China: Beer sales to be boosted by 2014 FIFA World Cup ...Click here
Barley news EU: Spring barley expected to be in deficit in 2014/15 ...Click here
Brewery news Madagascar: Groupe Castel acquires controlling stake in Nouvelle brasserie de Madagascar ...Click here
Brewery news World: SABMiller completes $3.5 billion loan refinancing ...Click here
Hops news Russia: Hop imports total more than US$23 mln last year ...Click here
Brewery news The Netherlands: Dutch brewers ask for lower beer excises to reverse decline in sales ...Click here
Brewery news Australia: Beer drinkers shunning traditional VB, Carlton Draught and Crown Lager beers ...Click here
Brewery news China: Craft beer scene getting more exciting ...Click here
Brewery news Hungary: Benedictine Abbey of Pannonhalma to build its own brewery ...Click here
Graph of the Week


Table of the Week

Austria Brewing Industry 1980-2013


Table of the week.

Prices Evolution

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

These Days in Business History


May 22
1785 Benjamin Franklin announces his invention of bifocals
1900 Associated Press News Service forms in New York
1918 King Oil/Shell refinery on Curacao officially opens

May 23
1922 Walt Disney incorporates his 1st film company Laugh-O-Gram Films
1956 World Trade Center dedicated in Ferry Building, San Francisco
1995 Sun Microsystems launches Java, the universal Internet programming language

May 24
1688 The earliest known book on the stock market, Joseph Penso de la Vega's Confusion de Confusiones (Confusion of Confusions), appears
1973 The Stock Exchange of Singapore is founded
1985 Quantum Computer Services is incorporated in Delaware. In 1991 it changes its name to America Online, Inc.

May 25
1915 Thomas Edison invents telescribe to record telephone conversations
1954 IBM announces vacuum tube "electronic" brain that could perform 10 million operations an hour
1960 1 millionth Dutch telephone installed


Agenda



News Articles


Brewery news USA: Beer sales expected to increase again this summer
As the weather begins to heat up this summer in the US, so will beer sales, said the Beer Institute, a trade association representing both large and small brewers.

According to the organization, which cites data from Nielsen, a consumer trends agency, more than 38 million American households will spend upwards of a collective $11 billion on beer this summer.

In 2013, beer sales actually topped $11 billion in the 15 weeks between Memorial Day and Labor Day. That figure, according to Andrea Riberi, senior vice president at Nielsen, made beer one of the best selling categories across all food and beverage channels in the time span.

None of this comes as a shock to Chris Thorne, vice president of communications with the Beer Institute.

“It’s really no surprise that beer will be the top choice at celebrations and occasions across America this summer,” he said in a statement. “Beer brings people together. And beer’s low ABV means it can be enjoyed responsibly.”

But it’s no longer just the large domestic brewers relying on a surge in summer sales to help meet yearly sales goals.

Jason Wilson, founder of Back Forty Beer Co. in Gadsden, Ala. said his brewery definitely experiences seasonal demand, with peak retail ...More info on site


Brewery news Canada, ON: Bicycle Craft Brewery to open later this year in Ottawa
Beer blog Ottawa Beer Events reports that the ever-growing craft brewing community in the Capital Region will soon have another member, with the opening later this year of Bicycle Craft Brewery.

Founded by the husband and wife team of Fariborz and Laura Behzadi, Bicycle will be a “traditional, all grain, small batch brewery” with a distinctive line-up of beers, as Fariborz describes:

We will have 4 flagship brews, including our hoppy and bitter Velocipede IPA and our bitter-sweet and smokey Abyss Chocolate Stout. Our session ale, Belle River Blonde, is refreshing and easy on the palate, while our Base Camp Oatmeal Porter is nutty and smooth and will remind you of the comforts of base camp. We will also offer a variety of limited edition and seasonal brews that use local ingredients including a Pumpkin Spice Ale, a Christmas Ale and a colourful Raspberry Wheat Ale. A unique feature of our brewery is that Laura will be taking an active part in the brew process and will also feature special brews of her own, including one that will be released on International Women’s Day every year.

The Behzadis are aiming to be open by late summer or early fall, and will offer on-site ...More info on site


Brewery news USA, CA: Strike Brewing Company is nearing completion on brewery and tap room in San Jose
Strike Brewing Company is nearing completion on a brewery and tap room in San Jose that could produce up to 5,000 barrels of beer annually, SanJose.com reported on May 22.

The space on 10th Street takes up just under 6,000-square-feet of a large 90,000 square-foot warehouse building about a mile south of downtown San Jose.

The idea for Strike originated in 2008, stemming from a love for home brewing and the observation that there was a dearth of options for drinkers wanting a full-flavored beer with relatively low alcohol content.

Co-founders and South Bay residents CEO Jenny Lewis and brewmaster Drew Ehrlich wanted to make sure their first releases emphasized session beers with less than 5 percent ABV.

They also connected their brand to beer drinkers who lived very active lifestyles. Lewis was a collegiate swimmer at Rice University while Ehrlich played baseball at Stanford, eventually playing a couple years professionally with the Red Sox organization. Their commitment to starting Strike led Lewis to embark on an MBA program while Ehrlich spent those years gaining professional brewing experience.

Since releasing their first offerings back in December 2011 on a contract basis with Hermitage Brewing Company, sales have steadily risen, requiring more capacity to keep up ...More info on site


Brewery news Canada, ON: Collingwood Brewery operational just over a year after first announced
Just over a year after it was first announced, the Collingwood Brewery became the first of three planned breweries in Collingwood to open its doors to the public on May 17, just in time to satisfy the May long weekend thirst of local beer drinkers, Canadian Beer News reported.

Founded by partners Tim Cachia, Art Joyce, Greg Widell and Chris Freeman, the brewery launched with a single flagship brand – Downhill Pale Ale, a 5.4% American-style pale ale – which is available in 473 ml cans and 30 litre kegs at the brewery store and tasting room.

Collingwood Brewery will be open for retail sales on Friday through Sunday in coming weeks.


Brewery news USA, KY: Animal nutrition company planning distillery and brewery in eastern Kentucky
An animal nutrition company plans to begin operating a distillery and brewery in eastern Kentucky, Daily News reported on May 19.

Alltech has agreed to purchase a former funeral home in downtown Pikeville that will serve as the location.

The company already operates a brewery and distillery central Kentucky and a distillery in Ireland, where Alltech founder Pearse Lyons is from.

Some leaders in economically depressed eastern Kentucky are looking to tourism to help reinvigorate the region, and they are using the success of Gatlinburg, Tennessee, as a model. One major draw to that area is the Ole Smoky Moonshine Distillery.

Alltech has diverse interests, but recently has focused efforts in Ireland.

"When I think of Eastern Kentucky and I think of Pikeville, I think of Ireland and its history," Lyons said.

"The connections are phenomenal. ... From the bluegrass music that we call traditional music here to our history of whiskey, the connections run deep," Lyons said. "Therefore, for me to get involved in Pikeville and Eastern Kentucky, it is just natural. Our vision with this project is not only about job creation but making Eastern Kentucky more of a destination and economic hub."

The company said in a statement that more details would be forthcoming.

"This is ...More info on site


Brewery news USA, CT: Back East Brewing to double facility size
Back East Brewing, open less than two years, is planning to double the size of its Bloomfield facility, The Courant reported on May 23.

The brewery, which makes more than a dozen craft beers seasonally and year-round, will be expanding from 4,500 square feet to 9,000 square feet.

The main purpose of the expansion is to increase Back East's brewing capacity from 2,500 barrels a year to 4,500 barrels to keep up with growing demand.

"It's just the demand in the market," CEO and co-founder Tony Karlowicz said.

Karlowicz said the company also expects to add two more full-time employees to the four it currently has.

The expansion has been in the works several months as the company worked on financing the project. Karlowicz said that Back East has raised $200,000 from more than a dozen investors. A portion of the expansion is also expected to be financed through a $175,000 small business express loan the company has applied for from the state's Department of Economic and Community Development.

The expansion project, which will involve the company taking over an identically sized empty warehouse area adjacent to its current location on Blue Hills Avenue, is expected to begin in early June and be completed by October.

The ...More info on site


Brewery news Canada, BC: Construction of Powell Street Craft Brewery’s new facility underway
Just over a year after it opened as a small brewery in East Vancouver – aka “Yeast Van” – Powell Street Craft Brewery has announced plans for a move and expansion that will see them progress from nanobrewery to microbrewery status, Canadian Beer News reported on May 22.

As announced in the brewery’s weekly newsletter, the new location for the brewery is several blocks away but still on Powell Street. Construction is underway now, with the move expected in late summer, and capacity to increase to microbrewery levels throughout the fall.


Brewery news USA, PA: Molly Pitcher Brewing Co. coming to Carlisle this summer
Molly Pitcher Brewing Co. will begin brewing this summer in Carlisle, Pennlive.com reported on May 21.

The microbrewery and taproom will open at 10 E. South St., and joins a growing list of new breweries including Alter Ego Brewing in Harrisburg and Moo-Duck Brewing in Elizabethtown popping up on the Central Pennsylvania beer scene.

Molly Pitcher operations manager Mike Moll said the facility will include an open floor plan with a 30-seat taproom serving light fare. Patrons will be able to watch the brewing operations from the taproom.

Molly Pitcher is the brainchild of four partners, all Carlisle residents and avid homebrewers, who along with Moll, include brewmaster Zachary Ziegler, brewer Tim Fourlas and CFO Brandon Bear.

Together, they have a combined 30 years experience in home brewing.

"It's always been something each of us has talked about and wanted to do for a long time, and we finally decided to make it happen instead of just talking about it," Moll said.

Molly Pitcher will brew on a seven barrel system with an estimated initial capacity of 700 to 1,000 barrels, he said.

The partners plan to brew a wide range of styles that include IPAs and pale ales but focus on "malt styles opposed to the ...More info on site


Brewery newsWorld: SABMiller’s full-year profit slightly increases owing to developing markets
SABMiller PLC on May 22 reported a slight increase in full-year profit as the multinational beer company's sales in developing markets such as Africa ...More info on site


Barley newsWorld: Barley output expected to decline to 135.2 mln tonnes in 2014/15
The IGC has published an interesting barley production estimate of selected countries, i.e. the major barley exporters and the major malting barley producers.

Argentina’s barley ...More info on site


Brewery newsChina: Beer sales to be boosted by 2014 FIFA World Cup
Market observers said the second and third quarters of this year will see strong beer sales in China and that sales performance is expected ...More info on site


Barley newsEU: Spring barley expected to be in deficit in 2014/15
Smaller EU barley production countries will not affect the total S/D estimate for the new year, but there is always an active cross border ...More info on site


Brewery newsMadagascar: Groupe Castel acquires controlling stake in Nouvelle brasserie de Madagascar
Groupe Castel, one of Africa’s leading brewers, has acquired the controlling stake in Nouvelle brasserie de Madagascar (NBM), owner and producer of Skol beer, ...More info on site


Brewery news World: SABMiller completes $3.5 billion loan refinancing
Global brewer SABMiller has completed a $3.5 billion loan refinancing, amending and extending an existing $2.5 billion syndicated loan and agreeing a new $1 billion syndicated facility, Reuters reported on May 22.

The existing undrawn $2.5 billion financing, which was originally agreed in 2011 via coordinating banks Bank of America Merrill Lynch and Commerzbank, was due to mature in April 2018. The facility has been extended to May 2019 with the option of a further two one-year extension options, SABMiller said in its preliminary results on May 22.

SABMiller has joined other highly-rated European corporates like Volkswagen and Anglo American in taking advantage of competitive loan market conditions to agree cut-price amend and extends, which allow companies to extend maturities and cut pricing on existing deals while only paying a small amendment fee rather than a new set of fees for a full refinancing.

BBB+/Baa1 rated SABMiller paid a margin of 60 basis points (bps) over Libor on the existing facility but average investment-grade pricing has fallen sharply since last year with Triple B companies pricing at around 35 bps, according to Thomson Reuters LPC data.

SABMiller has also agreed a new $1 billion, five-year credit facility to replace an existing $500 million loan ...More info on site


Hops newsRussia: Hop imports total more than US$23 mln last year
Russia’s hop imports amounted to US$23.806 mln in 2013, Barley-malt.ru imports.

German hops accounted for 67% of the total volume imported, while the Czech Republic ...More info on site


Brewery news The Netherlands: Dutch brewers ask for lower beer excises to reverse decline in sales
The Dutch Government should lower the excise duty on beer, to reverse a decline in sales and preserve jobs in the industry, Dutch brewers' association, Nederlandse Brouwers, warned recently.

The association noted that the 30 percent tax hike in 2009 caused beer sales to plummet by 6.7 percent, while the 10 percent rise last year led to a further 3 percent decline in the market. Excise duty on beer, which currently stands at EUR37.96 (USD52.1) per hectolitre, has increased by almost 80 percent since 2000, it explained. It said that consumers are instead opting to purchase beer abroad where tax rates are lower.

Nederlandse Brouwers highlighted the importance of the Dutch beer industry to the nation's economy, pointing out that approximately 85 percent of beer consumed in the Netherlands is brewed in the Netherlands, and that the country is the fourth largest beer exporter in the world.

The beer sector pays about EUR2.2 bln in tax every year, of which EUR390 mln is in excise duty and EUR800 mln is in value-added tax (VAT), the group said. It said that 2,000 jobs are at risk if excise duty is not cut.


Brewery news Australia: Beer drinkers shunning traditional VB, Carlton Draught and Crown Lager beers
Australian beer drinkers are shunning traditional brands like VB, Carlton Draught and Crown Lager due to high-end competition and less demand for tap beer, The Age reported on May 23.

Brewing giant SABMiller said three of its top Australian brands recorded falls in volumes over the past year as "competitive intensity," persisting economic uncertainty and weak consumer sentiment hurt the company's share of lager.

"Victoria Bitter declined by one per cent and Crown Lager declined, reflecting both a strong prior year comparative and price compression from imported brands," London-listed SABMiller said in its March 2014 full year results.

The company also indicated that pub drinkers were turning their backs on popular tap beers.

"Carlton Draught was impacted by its exposure to the more depressed on-premise channel," SABMiller said.

Australian Bureau of Statistics (ABS) figures released in April found Australian drinkers consumed less beer in 2013 than they have in the past 67 years.

Meanwhile, anecdotal evidence suggests craft beers are gaining favour over mainstream brands.

Still, SAB managed to report strong volume growth in its mainstream Carlton Dry and Carlton Mid brands as it looks to promote its premium beers.

Brands such as Peroni Nastro Azzurro and craft brand Fat Yak all did well over the past 12 ...More info on site


Brewery news China: Craft beer scene getting more exciting
After years of swilling cheap mass-produced domestic beers like Yanjing, Tsingtao and Snow, Chinese microbrewers are starting to make a splash in Beijing’s craft beer scene, China Realtime reported on May 23.

Once primarily the bailiwick of expats, China’s own brewers are opening storefronts as more domestic consumers warm up to the idea of sipping a cold one that isn’t found in a convenience store. “A lot of Chinese young guys are getting involved,” says Pan Dinghao, founder of one such local pub, Panda Brew.

The emerging domestic brews aren’t yet comparable to Western craft brews — many have muted flavors that fall somewhere above a Yanjing but aren’t quite up to par with, say, the Honey Ma at American-owned and operated Great Leap Brewing — but there’s growing enthusiasm to educate the Chinese on flavorful indie-made beers.

Last year in Beijing, Yin Hai opened NBeer Pub, a brightly-lit joint that includes 37 taps and 13 fermentation tanks. The pub currently has 25 domestic beers on tap, ranging from classic lagers to ales made with organic fruits and aged in local wood. Many are from microbrewers in other Chinese cities, including Master Gao’s brewery in Nanjing and Chengdu’s Zhanchun Brewing.

Mr. Yin’s own NBeer ...More info on site


Brewery news Hungary: Benedictine Abbey of Pannonhalma to build its own brewery
The Benedictine Abbey of Pannonhalma in Hungary will build its own brewery to produce premium beer, the abbey said in a statement on May 22.

The Pannonhalma Abbey Beer Manufacture will be set up to revive an old tradition and start brewing three or four premium-category beer from the autumn.

The brewery will be part of a scheme to offer visitors a broad scale of locally made premium products, which already include chocolate, wine and perfumes.

The abbey will soon also start bottling and selling mineral water under its own label.

The Pannonhalma Abbey with a history of more than 1,000 years in north-western Hungary is a UNESCO World Heritage site.


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