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E-Malt.com Newsletter 20b
May 14 - May 17, 2015
Quote of the Week
"History flows forward on rivers of beer."
Unknown
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Currency Rates
Base Currency: US Dollar
on May 15, 2015 |
Base Currency: Canadian Dollar
on May 15, 2015 |
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1 USD = 0.8784 EUR
1 USD = 0.6344 GBP
1 USD = 1.1957 CAD
1 USD = 1.2339 AUD
1 USD = 119.1600 JPY
1 USD = 3.0226 BRL
1 USD = 49.9131 RUB
1 USD = 6.0755 CNY
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1 CAD = 0.8362 USD
1 CAD = 0.5305 GBP
1 CAD = 0.7345 EUR
1 CAD = 1.0318 AUD
1 CAD = 99.6400 JPY
1 CAD = 2.5275 BRL
1 CAD = 41.7372 RUB
1 CAD = 5.0803 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, ID: Payette Brewing Co. to build $4.5M expansion in Boise
...Click here
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USA, CO: Soul Squared Brewing sells its beers on CSA basis
...Click here
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USA, IN: Daredevil Brewing Co. to start new production brewery in Speedway, Indiana
...Click here
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USA, DE: Blue Earl Brewing to open in Smyrna, Delaware
...Click here
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USA, VT: Mach family to open brewery in Pawlet in October
...Click here
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USA, NJ: Beach Haus Brewery hosts special grand opening
...Click here
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USA, MA: Bangor-based Geaghan Bros. unveils new brewery in Brewer, Maine
...Click here
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USA, NC: Green Man Brewery’s Mike Karnowski to open brewery
...Click here
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Vietnam: Beer market expected to grow by around 1.4 bln litres over the next five years
...Click here
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Australia: GrainCorp looking for opprotunities to expand malt business
...Click here
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World: Barley crop to decline, trade may remain unchanged in the new crop year
...Click here
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China: Barley customs clearances in July-March reach 5.646 mln tons
...Click here
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Ukraine: Beer production declines, malt output shows a small increase in January - April
...Click here
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UK: SABMiller acquires London-based craft brewer Meantime
...Click here
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Russia: Russia ends tax on grain exports earlier than planned
...Click here
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Zimbabwe: SABMiller’s Delta Corporation sees full-year profit decline 13%
...Click here
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South Korea: Craft beer culture popularity spreading among Korean consumers
...Click here
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Malaysia: Carlsberg Brewery Malaysia divests stake in import beverages distributor Luen Heng
...Click here
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Graph of the Week
Table of the Week
German Beer Market Overview
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
My dear hop variety, how can I smell who you are?
ABSTRACT
If aroma-relevant sulfur thiols are involved, this group or researchers is too. When we talk about the following varieties: Amarillo, Citra, Hallertau Blanc, Mosaic, and Sorachi Ace, all of us who ever worked with them, know how distinct each one is in flavor and aroma. These researchers have looked into the composition of volatiles of these varieties to identify compounds and concentrations on which this distinctiveness can be based. They found that Sorachi Ace contains higher amounts of farnesene (2101 mg/kg) than Saaz. All hops investigated showed an exceptional citrus-like potential exhibited by monoterpenic alcohols and polyfunctional thiols. Among the monoterpenic alcohols, B-citronellol at concentrations above 7 mg/kg distinguished Amarillo, Citra, Hallertau Blanc, Mosaic, and Sorachi Ace from Nelson Sauvin and Tomahawk, while linalool (312 mg/kg) and geraniol (211 mg/kg) remained good discriminating compounds for Nelson Sauvin and Tomahawk respectively. Regarding polyfunctional thiols, higher amounts of 3-mercapto-hexyl acetate (27 M/kg) characterized the Citra variety. Free 4-mercapto-4-methylpentan-2-one proved discriminant for Sorachi Ace, while the bound form is predominant in Nelson Sauvin. On the other hand, an S-conjugate of 3-mercapto-hexan-1-ol was found in Sorachi Ace at levels not far from those previously reported for Cascade, although the free form was undetected here. Both free and bound grapefruit-like 3-mercapto-4-methylpentan-1-ol emerged as discriminating compounds for the Hallertau Blanc variety. In conclusion, although much diversity was found - all proved to contain an exceptional citrus-like potential. In Sorachi Ace, B-citronellol is probably the main compound responsible for such notes, while in others, polyfunctional thiols such as 3MHA (Citra) or 3M4MPol (Hallertau Blanc, Mosaic) could play a key role. Does this mean in conclusion (which leads also to the next article): Hop aroma - is it all about the ratio ?
Read more
Source: Barth Innovations
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These Days in Business History
14 May
1872 - Metropolitan Gas Company lamps lit for 1st time
1881 - World's 1st elec tram goes into service in Lichterfelder (near Berlin)
1955 - Cold War: Eight Communist bloc countries, including the Soviet Union, sign a mutual defense treaty called the Warsaw Pact
15 May
1878 - The Tokyo Stock Exchange Co., Ltd., is established, primarily to trade bonds
1905 - Las Vegas, Nevada founded
1940 - McDonald's opens its first restaurant in San Bernardino, California
1941 - The world's first successful jet aircraft, a Gloster E28/39 powered by a W1 engine designed by Frank Whittle, takes off and lands at Farnborough, England
16 May
1911 - Supreme Court dissolves Standard Oil with the Sherman Antitrust Act
1930 - Two Texas engineers found a company called Geophysical Service Inc. to use seismographic technology to improve the business of exploring for oil
1949 - The Tokyo Stock Exchange, originally founded in 1878, reopens for business after the devastation of World War II
1951 - The first regularly scheduled transatlantic flights begin between Idlewild Airport (now John F Kennedy International Airport) in New York City and Heathrow Airport in London, operated by El Al Israel Airlines
17 May
1892 - George Sampson patents clothes dryer
1921 - Belgian-Luxembourg sign customs union
1968 - European Space Research Org launches 1st satellite
Agenda
May 2015:
06-08: bevtec Asia 2015 (Bangkok, Thailand)
07-23: The Czech Beer Festival 2015 (Prague, the Czech Republic)
18-20: Beer (Pivo) 2015 (Sochi, Russia)
24-28: EBC 2015 (Porto, Portugal)
26-28: Alimentaria Mexico 2015 (Mexico City, Mexico)
28-30: Copenhagen Beer Festival 2015 (Copenhagen, Denmark)
28-31: Latvia Beer Fest 2015 (Riga, Latvia)
June 2015:
10-14: Mondial de la Biere 2015 (Montreal, Canada)
July 2015:
01-04: Ollesummer 2015 (Tallinn, Estonia)
09-12: Artbeerfest 2015 (Caminha, Portugal)
15-17: Brasil Brau 2015 (Sao Paulo, Brazil)
August 2015:
11-15: The Great British Beer Festival 2015 (London, UK)
September 2015:
19 September - 14 October: Oktoberfest 2015 (Munich, Germany)
24-26: Stockholm Beer & Whisky Festival 2015 (Stockholm, Sweden)
October 2015:
01-03: Stockholm Beer & Whisky Festival 2015 (Stockholm, Sweden)
November 2015:
10-12: Brau Beviale 2015 (Nuremberg, Germany)
More events are available on site www.e-malt.com
News Articles
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USA, ID: Payette Brewing Co. to build $4.5M expansion in Boise
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Idaho's largest brewery is expanding with a $4.5 million brewery and office complex in downtown Boise, Salt Lake Tribune reported on May 14.
The Garden City-based Payette Brewing Co. will open a flagship location and main offices downtown in the former home of Bronco Elite Athletics.
Boise City Council approved Payette's 32,000-square-foot building on May 12.
Payette Brewing, founded in 2010, currently produces about 10,000 barrels of brew each year. Founder Mike Francis said the new brewhouse will create the potential to crank out more than 100,000 barrels annually.
About 80 percent of Payette's beer is sold in Idaho, with smaller quantities sold in Utah, Oregon, Nevada and Washington. Francis said the brewery hopes to push into larger markets such as Seattle.
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USA, CO: Soul Squared Brewing sells its beers on CSA basis
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No longer are CSAs (Community Supported Agriculture) just for vegetables and eggs, now in Fort Collins they are also for craft beers, The Coloradoan reported on May 13.
Drinkers who want their beer monthly and by the case, in 22-oz. bombers, can purchase memberships to Soul Squared Brewing Company's CSA.
Soul Squared's co-owner Jay Shambo, says the reason behind a craft beer CSA is twofold: the brewery doesn't have a traditional tap room yet and the beer is made and sold on a farm.
"It is a great way to be involved with the community and have a close, working relationship with people who buy and drink our beer," Shambo said of the CSA concept.
Shambo, a high school English teacher and homebrewer, is a Great American Beer Festival Pro-Am gold medal winner and a Taste of Fort Collins gold medal winner. His list of local brewery collaborations includes Verboten, New Belgium and Odell.
He has teamed up with friends Mark and Denise McFann and Aaron Gray to open the brewery for now as a side business, but with the hope of one day turning it into a full-time job.
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USA, IN: Daredevil Brewing Co. to start new production brewery in Speedway, Indiana
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About a year ago, Daredevil Brewing, located in Shelbyville (just southeast of Indianapolis), was looking to move and open a larger production facility, Flavor 574 reported on May 13.
Now, just over one year later, Daredevil is about to begin production at its new facility on Main Street in Speedway.
In a statement at the time of the announcement, Shane Pearson, co-owner of Daredevil, said, “Main Street, Speedway, is an iconic location that uniquely complements everything Daredevil is about. After months of due diligence evaluating locations, we found this incredible opportunity to acquire a former brownfield site that supports our business plans and allows us to be a part of the redevelopment of this historic place.”
Daredevil Brewing has now completed construction of its new production craft brewery facility and taproom at 1151 Main Street. The company is beginning brewing operations this month and will open the public taproom and patio on June 17.
“We are excited to welcome Daredevil Brewing Co to Main Street and our Speedway community,” said Scott Harris, executive director of the Speedway Redevelopment Commission. “A craft brewery strongly complements the growing diversity of local businesses we have on Main Street, Indianapolis and we can’t wait for it to open.”
Daredevil
...More info on site
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USA, DE: Blue Earl Brewing to open in Smyrna, Delaware
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Ron Price, owner of Smyrna's Blue Earl Brewing, has an 11,535-square-foot facility. The facility has 12 taps, 20 barrels, and vast space. His dream of opening his own brewery is finally complete. On May 16, the brewery will open its doors to the public for the first time, Salt Lake Tribune reported on May 15.
Just a year ago, Price, who was working a corporate gig upstate, was still skeptical whether or not his plans for a microbrew, then named Warlock Brewing, would ever get off the ground. The town of Smyrna, which now embraces the brewery, was skeptical at first and blocked his plan at a crucial planning juncture.
With that resolved, the way looks set for Delaware's seventh microbrewery. But then there was a name dispute, and then the inevitable name change from Warlock, to Blue Earl.
“The name now is a reflection of myself”, Price has said. Blue Earl Brewing is a throwback to a nickname of his, and the logo, a hop guitar, references one of his many loves: music.
"I think that music really supports and balances," he said. "Beer makes you feel good, and so does music, and when you put the two together you double your pleasure."
He
...More info on site
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USA, OH: New brewery to open in Springboro
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A new brewery called Crooked Handle Brewing Co. is in the works for 750 N. Main St. (Ohio 741) in the Marketplace at Settler’s Walk retail center in Springboro, Dayton Daily News reported on May 12.
The 3,500-square-foot space will house a brewing system, said Jason Moore of Miami Twp., co-founder of Crooked Handle along with business partner Jeff Pedro Jr., also of Miami Twp.
“We’re hoping for an October opening if all goes well with the licensing and the construction stays on track,” Moore said.
Moore started brewing beer in Colorado about six years ago. “And I’ve brewed non-stop since then, trying out new recipes along the way,” he said.
The success of the 11 breweries that have opened in Montgomery and Greene counties in the last three-plus years, and the level of collaboration that local brewery owners have displayed, are encouraging signs that the market can accommodate more players, Moore said.
“There’s definitely room for more, or we wouldn’t be doing this,” Moore said, noting that several of the existing breweries have expanded or leased new facilities since they opened. “The more the merrier,” he said.
After the tap room is established and Crooked Handle makes a name for itself, Moore said he
...More info on site
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USA, VT: Mach family to open brewery in Pawlet in October
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Gib Mach, owner of the 1804 building in the center of Pawlet, Vermont, held a public meeting on May 11 to inform residents about his plan for the expansive, empty building, Rutland Herald reported on May 13.
Mach plans to reopen the general store portion of the building, with a brewery in the back portion.
He hopes to open the doors in October.
The previous general store closed its doors in December 2014, and Mach almost walked away. “He had kind of given up on the building at that point,” said his daughter, DeAnna Mach. “He basically said he was going to retire and move somewhere.”
The building and the business is in the family, she said, and she was not about to let her dad walk away from an opportunity.
“I kind of pulled him back in to something new, gave him an elbow nudge and told him we could do this,” she said.
And that something new will be a restaurant that will seat roughly 80 people, with a brewery in the back.
“It will really be the sense of local and fresh,” Mach said. “There will be as many products as we can get from down the surrounding area, supporting
...More info on site
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USA, NJ: Beach Haus Brewery hosts special grand opening
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Beach Haus Brewery opened earlier this year at the former site of Freedman's Bakery in Belmar, and on May 8-10 it celebrated its grand opening, Asbury Park Press reported on May 12.
The brewery, which began as a project between friends Brian Ciriaco and John Merklin in 2007, houses a production facility, tasting room and a retail shop.
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USA, MA: Bangor-based Geaghan Bros. unveils new brewery in Brewer, Maine
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Andrew Geaghan, owner and head brewer at Geaghan Bros. Brewing Company, has been involved in craft beer for as long as he’s been alive. His parents even stopped at their company’s Bangor pub before bringing him home from the hospital the day he was born, Bangor Daily News reported on May 14.
After 10 months of construction, Geaghan’s unveiled its new $900,000, 3,600-square-foot production space on May 12. The expansion will allow the company to increase its production eightfold and sell bottled beer throughout central and northern Maine for the first time in the company’s 40 years.
The Geaghans, a family with deep roots in Brewer, started Geaghan’s Pub in Bangor in 1975 and started brewing in 2011.
“We’re ready to roll, I can’t wait until beer is in here and rolling out the doors,” Andrew Geaghan said.
Geaghan expects to brew up to 1,280 gallons at a time at the new location. That’s enough beer for one person to drink two beers every day for the next 12 years. Brewers will continue brewing at the Bangor location, however, their focus will shift to beers that take more time or are more experimental in nature.
The pub in Bangor will still be the hub of
...More info on site
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USA, NC: Green Man Brewery’s Mike Karnowski to open brewery
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Mike Karnowski has been brewing at Green Man, on Asheville’s South Slope, for the past seven years. He started what’s arguably Asheville’s oldest sour program in barrels on Buxton Avenue, Ashville, and for the last two years, he’s brewed nearly everything but the flagships next door to the large brewery on the same street, Mountain Xpress reported on May 12.
Yet Karnowski is leaving the red-hot Slope to build a brewery of his own with his wife, Gabe, in Weaverville.
“My brewery will be in a cool old firehouse right behind Main Street, Weaverville, says Karnowski. “It will be fun to bring it back to life.”
With just 1,500 square feet, Karnowski plans to devote much of the space to the 7-barrel brewery and to the bottling and storage of beer.
While Weaverville currently has one brewery - inside Blue Mountain Pizza - Karnowski thinks the area has room to grow. “It’s such a nice town and so close to Asheville, I’d be surprised if there aren’t three to four breweries in Weaverville in a couple years,” says Karnowski.
For now though, Weaverville will have to wait a bit longer for the second brewery. Equipment is on order, but Karnowski says he’s working on
...More info on site
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Vietnam: Beer market expected to grow by around 1.4 bln litres over the next five years
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An addition of around 1.4 billion litres of beer has been planned for brewing and consuming in the next five years in Vietnam, a
...More info on site
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Australia: GrainCorp looking for opprotunities to expand malt business
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GrainCorp is looking for opportunities to expand the malt and oils businesses whose contribution to interim earnings and revenue has overtaken the contribution of
...More info on site
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Thailand: ThaiBev’s Q1 net profit rises 10%
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Thai Beverage’s (ThaiBev) net profit rose 10 per cent to 6.53 billion baht for the first quarter, on the back of a 11 per
...More info on site
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World: Barley crop to decline, trade may remain unchanged in the new crop year
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The world barley crop, as per IGC 141.1 mln tons in 2014/15, will drop to 135.6 mln tons in the new crop year, due
...More info on site
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China: Barley customs clearances in July-March reach 5.646 mln tons
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China’s customs clearances of barley during July 2014/March 2015 were 5.646 mln tons, of which 3.570 from Australia, 1.181 from France, 0.635 from Canada
...More info on site
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Ukraine: Beer production declines, malt output shows a small increase in January - April
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According to a report by trade association Ukrpivo, Ukraine’s beer output (excluding zero-alcohol beer, beer with alcohol content of less than 0.5%, and output
...More info on site
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UK: SABMiller acquires London-based craft brewer Meantime
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SABMiller plc, the world's second-largest brewer has decided to buy a piece of the UK craft beer market, with the acquisition of London-based company Meantime Brewing, The Telegraph reported on May 15.
SABMiller said the acquisition gave it "an entry point into the fastest-growing segment of the UK beer market" and would complement its Peroni and Pilsner offerings.
The international drinks giant said that it planned to expand Meantime's sales nationally and export its brews to European markets. Nick Miller, CEO of Meantime, will continue to lead the company, which producers London Pale Ale and London Lager.
Sue Clark, managing director of SABMiller Europe, said: "Nick Miller, Alastair Hook and their team have built a strong sense of pride and identity within Meantime, which has an excellent reputation for brewing consistently high quality beers and for industry-leading innovation."
"This expertise will boost our strategy to develop beers that appeal to more people, including women, and which can be attractive alternatives to wine and spirits," she added.
The announcement came in the same week that SABMiller's chief executive, admitted that lager marketing had often been "insulting" to women.
The FTSE 100 chief said that industry advertising "for many years was either dismissive of, or insulting to, women”.
It
...More info on site
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Russia: Russia ends tax on grain exports earlier than planned
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Russia agreed to end a tax on grain exports a month and a half earlier than planned after the country’s inflation slowed, easing concern over soaring bread costs, Bloomberg reported on May 15.
A decree was signed by Prime Minister Dmitry Medvedev and a posting on the government’s Twitter account said the tax ceases on May 15. Russia, the fourth-biggest wheat exporter last year, aims to prevent an oversupply of grain on the domestic market and support farmers, according to a press release posted on the Cabinet website. Exports may increase by as much as 1 million metric tons, according to the statement.
Less inflation and the rising rouble have helped stabilize Russia’s economy, giving the government room to ease restrictions on grain shipments. The tax was designed to rein in food prices after the rouble collapsed last year and the economy buckled under plunging oil prices and international sanctions over the conflict in Ukraine.
“If Russia opens their export channel that will put pressure on wheat prices,” Daryna Kovalska, a London-based analyst at Macquarie Group Ltd., said by telephone. “They have big stocks accumulated domestically and that will definitely flood the market.”
Speculation that more wheat will enter the market has hurt prices,
...More info on site
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Zimbabwe: SABMiller’s Delta Corporation sees full-year profit decline 13%
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Delta Corporation Ltd., the Zimbabwean brewer that’s the southern African nation’s biggest company by market value, said full-year profit declined 13 percent as a sluggish local economy curbed consumer spending, Bloomberg reported on May 13.
“The slowdown in the economy resulted in a very difficult trading year,” the Harare-based unit of London’s SABMiller Plc said a statement published on the Zimbabwe Stock Exchange’s website. “Consumer spend declined significantly.”
Zimbabwe’s main stock index, which began using U.S. dollars after the country abandoned its local currency amid soaring inflation, has dropped 5.5 percent this year, the worst performance after Mauritius among 14 benchmark sub-Saharan African indexes tracked by Bloomberg.
Economic growth is set to slow to 2.8 percent this year from an estimated 3.2 percent in 2014, according to the International Monetary Fund.
Delta’s net income for the year ending March 31 dropped to $92.8 million from $107.2 million, while revenue declined 4 percent to $576.6 million, the company said. Earnings per share decreased to 7.44 cents from 8.55 cents. Lager beer volume fell 17 percent and soft drinks were down 6 percent. Sorghum beer sales rose 8 percent from the previous year driven by the Chibuku Super brand and Delta is set to commission
...More info on site
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South Korea: Craft beer culture popularity spreading among Korean consumers
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It has long been a common remark that the best beer on the Korean peninsula is found north of the Demilitarized Zone, The Korea Herald reported on May 15.
But increasingly this refrain is failing to do justice to South Korea’s much-diversified beer market, which has lately seen the rise of craft beer.
Craft beer refers to beer produced by small brewers ― known as microbreweries ― and in small batches. In the Korean context, it is beer that is not brewed by any of the major liquor corporations ― Oriental Brewery, Hite Jinro, and Lotte Liquor.
Until recently, craft beer was considered an exotic gourmet option, as big name tap houses such as Craftworks and Magpie were mostly located in Itaewon, Seoul, reflecting the demand of foreigners who frequented the area.
The recent growth spurt started with Alley Kat, a Canadian beer that started selling here in 2005 and went viral among expats seeking a taste of home.
Based on this ardent response, the craft beer culture soon spread to the local food and beverage industry, capturing the attention of domestic consumers.
Spearheading the market expansion was the nation’s first-ever craft beer company, 7Brau, which incorporates the popular 7Brau Pub. When the government revised the
...More info on site
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Malaysia: Carlsberg Brewery Malaysia divests stake in import beverages distributor Luen Heng
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Carlsberg Brewery Malaysia Bhd is selling its 70% stake in Luen Heng F&B Sdn Bhd to Capriwood Sdn Bhd for RM19.5 mln as it seeks to focus on its beer business, The Star Online reported on May 15.
It said on May 15 the sale was to align with its parent company Carlsberg Group’s strategy to “Focus on beer as core” and to maximise the return on capital invested.
On completion of the sale, Carlsberg Malaysia said it would exit Luen Heng, an established distributor and supplier of imported beers, wines and spirits.
“By focusing on beer and divesting its wine and spirits businesses, the brewer will continue to sell selected imported beers by Luen Heng in order to offer the most comprehensive locally-brewed and imported range of beers to its customers and consumers.
“The long-standing business synergies between the brewer and the distributor shall continue going forward,” it said.
Carlsberg Malaysia said proceeds from the sale would be re-invested in its commercial activities behind its core beer brands. The brewer does not expect the sale to have a material impact on Carlsberg Malaysia’s second quarter results in the second quarter.
Carlsberg Malaysia managing director Henrik Juel Andersen said: “Carlsberg Malaysia has,
...More info on site
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