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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 19a
May 09 - May 11, 2016


Quote of the Week

Oh, mighty is the power of beer!
William Somerset Maugham

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Currency Rates


Base Currency: US Dollar
on May 11, 2016
Base Currency: Canadian Dollar
on May 11, 2016
      1 USD = 0.8786 EUR
1 USD = 0.6931 GBP
1 USD = 1.2952 CAD
1 USD = 1.3625 AUD
1 USD = 108.9000 JPY
1 USD = 3.4982 BRL
1 USD = 66.3277 RUB
1 USD = 6.5166 CNY
      1 CAD = 0.7720 USD
1 CAD = 0.5351 GBP
1 CAD = 0.6782 EUR
1 CAD = 1.0518 AUD
1 CAD = 84.0700 JPY
1 CAD = 2.7004 BRL
1 CAD = 51.2149 RUB
1 CAD = 5.0306 CNY

Currency Rates Chart


Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Brewery news USA, CA: Russian River Brewing Co. submits plans to build second brewpub in Windsor ...Click here
Brewery news USA, WA: Geaux Brewing’s second location scheduled to open in Auburn next October ...Click here
Brewery news USA, ME: Orono Brewing Co. announces plans to set up shop in downtown Bangor ...Click here
Brewery news USA, OR: Foundation Brewing Co. starting an expansion this month ...Click here
Brewery news USA: Budweiser to be renamed “America” for this summer ...Click here
Brewery news USA, NC & GA: Green Man Brewing adding Georgia distribution in June ...Click here
World News
Malt news World: GrainCorp reports 11% revenues increase at its malt division ...Click here
Brewery news World: Carlsberg’s Q1 sales fall more than expected due to decline in China ...Click here
Malt news UK: Brewers, maltsters, distillers use less barley and wheat in July-March 2015/16 ...Click here
Brewery news World: Carlsberg to focus on growing organically and not “transformational acquisitions” - CEO ...Click here
Brewery news Russia: Beer production in March and Q1 increases but sales decline ...Click here
Brewery news Japan: Kirin Holdings reports 22% drop in net profits in Q1 2016 ...Click here
Brewery news The Philippines: San Miguel Brewery enjoys both income and revenues growth in the first three months of this year ...Click here
Brewery news Vietnam: Sabeco’s net profit up 28% in 2015 ...Click here
Barley news World: Barley production and trade forecast to decline in 2016/17 ...Click here
Brewery news World: Having just a couple of percentage points share of world beer market makes a brand hugely lucrative ...Click here
Brewery news The Netherlands & Belgium: Dutch Bavaria acquires Belgium’s Palm brewery ...Click here
Brewery news Vietnam: Beer consumption in January-April up nearly 6% ...Click here
Brewery news Germany: Beer retailers fined for colluding with AB InBev in price-fixing scheme ...Click here
Brewery news Zimbabwe: SABMiller’s Delta Corp. says full-year profit dropped 13% ...Click here
Brewery news Nigeria: Nigeria Breweries Plc paid N16 bln as tax last year despite tough operating environment ...Click here
Brewery news Ghana: Guinness Ghana Breweries launches GHS180 mln renounceable rights issue ...Click here
Graph of the Week


Table of the Week

Russia Roasted Malt Import


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


German Malting Barley Prices




Theoretical Malt Prices



Canadian Malt Prices


US Malt Prices


Theoretical EU Malt Prices



These Days in Business History


09 May
1785 - British inventor Joseph Bramah patents beer-pump handle
1886 - At the soda fountain of Jacob's Pharmacy in Atlanta, Dr. John S. Pemberton sells the first glass of Coca-Cola, his new "tonic" beverage

10 May
1837 - As New York banks suspend payment of loans in specie (gold coins), the Panic of 1837 begins - setting off the deepest economic depression the United States will suffer until 1929
1869 - The First Transcontinental Railroad, linking the eastern and western United States, is completed at Promontory Summit, Utah (not Promontory Point, Utah) with the golden spike
1950 - The Digital Age takes a huge leap forward. At the National Physical Laboratory in the British village of Teddington, Alan Turing's Pilot Model Advanced Computing Engine (ACE), one of the world's earliest general-purpose electronic computers, runs its first program
1975 - Sony introduces the Betamax videocassette recorder in Japan

11 May
1861 - In a move of symbolic support for the Union, the New York Stock Exchange bans all trading in Confederate stocks and bonds. (However, members are still free to short-sell any Union securities they choose)
1907 - Bank of San Francisco incorporated
1928 - General Electric opens 1st TV-station (Schenectady, New York)
2010 - David Cameron becomes Prime Minister of the United Kingdom following talks between the Conservatives and Liberal Democrats to form the UK's first coalition government since World War II after elections produced a hung parliament


Agenda

World Beer Cup 2016


May 2016:
03-06: Craft Brewers Conference & BrewExpo America 2016 (Philadelphia, USA)
17-20: Beer (Pivo) 2016 (Sochi, Russia)
18-19: Brewing Equipment and Technology 2016 (Birmingham, UK)
19-21: Copenhagen Beer Festival 2016 (Copenhagen, Denmark)
20-18 June: Great Australian Beer Spectacular (GABS) 2016 (Melbourne - Sydney - Auckland, Australia)
25-29: Latvia Beer Fest 2016 (Riga, Latvia)


June 2016:
08-12: Mondial de la Biere 2016 (Montreal, Canada)
09-11: South Beer Cup 2016 (Curitiba, Brazil)
14-16: Shanghai International Brew & Beverage Manufacturing Technology and Equipment 2016 (Shanghai, China)


July 2016:
02: Beer Boot Camp 2016 (Johannesburg, South Africa)
07-10: Artbeerfest 2016 (Caminha, Portugal)
09: Beer Boot Camp 2016 (Cape Town, South Africa)
13-15: ProPack China 2016 (Shanghai, China)


August 2016:
05-07: The 20th International Berlin Beer Festival (Berlin, Germany)
09-13: The Great British Beer Festival 2016 (London, UK)
10-13: Vietfood & Beverage - ProPack 2016 (Ho Chi Minh, Vietnam)
13-17: World Brewing Congress 2016 (Denver, USA)


September 2016:
08-10: Irish Craft Beer Festival 2016 (Dublin, Ireland)
14-15: Food and Drink Technology Africa 2016 (Johannesburg, South Africa)
19-03 October: Oktoberfest 2016 (Munich, Germany)
24-25: Whisky Live Paris 2016 (Paris, France)
26-28: VLB Ibero-American VLB Symposium 2016 (Santiago de Chile, Chile)
28-30: Beer and Soft Drinks Industry - 2016 (Kyiv, Ukraine)
29-01 October: Stockholm Beer & Whisky Festival 2016 (Stockholm, Sweden)


October 2016:
06-08: Stockholm Beer & Whisky Festival 2016 (Stockholm, Sweden)
06-08: Great American Beer Festival 2016 (Denver, USA)
08-10: Brouwplus 2016 (Antwerp, Belgium)
11-14: China Brew, China Beverage 2016 (Shanghai, China)
21-23: The Finest Spirits & Beer Convention 2016 (Bochum, Germany)


November 2016:
08-10: Brau Beviale 2016 (Nuremberg, Germany)
09-12: Vietfood & Beverage - ProPack 2016 (Hanoi, Vietnam)


December 2016:
15-17: drink technology India 2016 (Mumbai, India)


More events are available on site www.e-malt.com



News Articles


Brewery news USA, CA: Russian River Brewing Co. submits plans to build second brewpub in Windsor
Russian River Brewing Co., the wildly popular craft brewery that draws more than 300,000 visitors annually to its downtown Santa Rosa brewpub, has submitted plans to build a second brewpub in Windsor, Santa Rosa Press Democrat reports.

Owners Natalie and Vinnie Cilurzo, who have been courted by local cities and developers since they disclosed plans in February to open a second brewpub, said they have agreed to buy a nearly 16-acre vacant parcel at the corner of Mitchell and Conde lanes for the project.

Natalie Cilurzo said she was wary of making a big announcement about the expansion, given that an earlier site near Shiloh Road west of Highway 101 in Windsor fell through because of environmental issues. Escrow on the new site, owned by developer Rich Coombs, is not scheduled to close until June 9. Financial terms were not disclosed.

“Hopefully this is the one,” Cilurzo said. “We have been looking for a long time.”

The project represents another economic coup for Windsor, which will soon have a 34,000-square-foot Oliver’s Market, scheduled to open later this month, next to its Town Green.

Russian River is one of the most famous breweries in the county, if not the nation. The limited two-week release of its ...More info on site


Brewery news USA, WA: Geaux Brewing’s second location scheduled to open in Auburn next October
Geaux Brewing has been offering its own tasty, home-brewed beers since it opened in 2013 on Bellevue's Northrup Way.

And when Geaux opens its second locale in Auburn next October, sandwiched between Parker Paints and Cascade Beauty College on East Main Street, not only will it bring a brewhouse but also a New Orleans-themed taproom and a kitchen, Auburn Reporter says.

"We are happy they are coming here. It's a family-friendly restaurant," said Mayor Nancy Backus.

Writing for Washingtonbeerblog, Kendall Jones said that with the move, the establishment's barrel system will grow from four to 20, bulking up Geaux's capacity to slightly more than 1,000 barrels in the first year.

"It was a combo of timing and, frankly, talking with City officials about their revitalization plans for downtown," said owner Jeremy Hubbell. "We will be able open up a production brewery in a high-traffic corridor and be an early anchor as part of the City's revitalization plans."

According to Washingtonbeerblog, Hubbell plans to keep the flagship brewery's tap room but remodel it to seat more customers. And from the new kitchen in Auburn, there'll be food on the expanded menu.

Bread and Circuses will help design the kitchen and develop the menu to offer New Orleans ...More info on site


Brewery news USA, ME: Orono Brewing Co. announces plans to set up shop in downtown Bangor
Orono Brewing Co. is pushing south to Bangor, becoming the second brewery in the past month to announce plans to set up shop downtown, Bangor Daily News reported.

OBC co-owners Abe and Heather Furth and Mark Horton have been renovating the narrow, four-story building at 26 State St., converting the upper three floors into a trio of loft-style apartments. Until now, they’ve guarded the secret of their plans for the ground floor.

On May 5, the Furths and Horton, joined by more than 30 friends and supporters inside OBC’s cramped hub in downtown Orono, announced the first-floor retail space would become an OBC tasting room and small-batch test brewery.

“We’re really excited to join downtown Bangor,” Abe Furth said.

The announcement was met with raised glasses and cheers of “More beer!”

26 State St. was built in 1911, in the wake of the Great Bangor Fire, which destroyed much of the downtown. As the city worked to recover, G. Rockwell Youngs, a magician and cigar maker, decided to relocate his business, Bangor Cigar Manufacturing Co., from Harlow Street to State Street, where he built his new factory.

The factory closed in 1963. The upper three floors have been vacant ever since, but the first floor served ...More info on site


Brewery news USA, OR: Foundation Brewing Co. starting an expansion this month
Foundation Brewing Co. is starting an expansion this month to increase its fermentation capacity, packaging operations and to expand its tasting room, Press Herald reported.

The Portland brewery, located at One Industrial Way in a cluster of craft breweries, is taking over three spaces formerly occupied by Bissell Brothers Brewing. The project will bring Foundation’s total square footage to 7,500 and is paving the way for further expansion in 2017, according to a release from the company.

The larger tasting room will be open more hours than the current one, and the expansion of the fermentation capacity means the brewery can create its more popular beers more frequently.

“The expansion will give us the opportunity to bring out new brands that support our focus on using classic styles as the inspiration for brewing beers that push conventional boundaries,” said Joel Mahaffey, Foundation’s co-founder and head brewer, in the release.

The brewery anticipates the expansion will enable it to can beer more frequently than its current three-week schedule.

The new tasting room should be ready in early to mid summer, and the brewery is not planning any significant tasting room closures during the construction.


Brewery news USA: Budweiser to be renamed “America” for this summer
There's no trademark on America.

Budweiser, owned by Belgium's AB InBev, will rename its beer "America" this summer and alter its labels with images and phrases affiliated with the republic, KTVU San Francisco reported.

The red, white and blue campaign is being launched into a very competitive market already foamy with craft beers, and upon a drinking public bracing itself for a presidential election likely to be unlike any before it.

"We are embarking on what should be the most patriotic summer that this generation has ever seen, with Copa America Centenario being held on U.S. soil for the first time, Team USA competing at the Rio 2016, Olympic and Paralympic Games," said Ricardo Marques, vice president at Budweiser.

The Copa America Centenario is a ceremonial soccer tournament typically held in South America.

The beer had been owned by St. Louis-based Anheuser-Busch before it was sold to AB InBev in 2008. The company has confirmed that it is altering the name as part of a limited-edition label change on the front of 12-ounce cans and bottles.

According to a report in Ad Age, which was first to report the news, the company will introduce the new label on May 23 and retain it through election ...More info on site


Brewery news USA, NC & GA: Green Man Brewing adding Georgia distribution in June
Asheville, North Carolina’s Green Man Brewing is adding Georgia distribution in June, 2016, Beer Street Journal reported.

The brewery has signed distribution contracts with Leon Farmer and Company in Athens and Gainesville and J&L Ventures in Augusta, which will bring their brewery’s lineup to Athens, Augusta, and Gainesville.

Green Man’s flagship beers, IPA, ESB, and Porter will be the first to hit the shelves, with seasonal 6 pack bottles and cans to follow. The brewery’s footprint currently includes North Carolina, South Carolina, Tennessee, and Florida.


Malt newsWorld: GrainCorp reports 11% revenues increase at its malt division
GrainCorp, Eastern Australia's largest cereals and oilseeds originator, processor and shipper, reported falling profits, as oilseed crush margins narrow, and Australian wheat struggles to ...More info on site


Brewery newsWorld: Carlsberg’s Q1 sales fall more than expected due to decline in China
Danish brewer Carlsberg A/S on May 11 said sales fell more than expected in the first quarter due to decline in the Chinese market ...More info on site


Malt newsUK: Brewers, maltsters, distillers use less barley and wheat in July-March 2015/16
United Kingdom’s brewers, maltsters and distillers used 153 thousand tonnes of barley in March 2016, down 6.1% on March 2015.

In July-March 2015/16 barley usage ...More info on site


Brewery newsWorld: Carlsberg to focus on growing organically and not “transformational acquisitions” - CEO
Carlsberg may not have the desire or financial firepower to swallow leftovers from the planned merger of the world's two top brewers after a ...More info on site


Brewery newsRussia: Beer production in March and Q1 increases but sales decline
According to the latest Rosstat data, Russia’s brewers produced 7.25 mln hl of beer in March 2016, which is 11.2% more than in March ...More info on site


Brewery newsJapan: Kirin Holdings reports 22% drop in net profits in Q1 2016
A focus on improving profitability has failed to benefit the bottom line for Kirin Holdings in the first quarter of 2016.

The Japanese group said ...More info on site


Brewery newsThe Philippines: San Miguel Brewery enjoys both income and revenues growth in the first three months of this year
San Miguel Brewery Inc. (SMB), the beer unit of conglomerate San Miguel Corp., said both its income and revenues rose 23 percent during the ...More info on site


Brewery newsVietnam: Sabeco’s net profit up 28% in 2015
State-owned Sabeco, which controls more than half of Vietnam's beer market with its iconic Saigon brand, has reported a year-on-year increase of 28 percent ...More info on site


Barley newsWorld: Barley production and trade forecast to decline in 2016/17
In 2016/17, world barley production is expected to drop to 141.723 mln tonnes from 147.918 mln tonnes in 2015/16, with reduced crops for Argentina, ...More info on site


Brewery newsWorld: Having just a couple of percentage points share of world beer market makes a brand hugely lucrative
The global beer market is on track to generate $688.4 billion in sales by 2020. So, in having just a couple of percentage points ...More info on site


Brewery newsThe Netherlands & Belgium: Dutch Bavaria acquires Belgium’s Palm brewery
Dutch brewer Bavaria said on May 10 it has taken a controlling stake in Palm Belgian Craft Brewers with the intent to fully acquire ...More info on site


Brewery newsVietnam: Beer consumption in January-April up nearly 6%
Although luxury tax on beer has increased, production and consumption of beer in the past four months increased by nearly 6%, reported Vietnam’s Ministry ...More info on site


Brewery news Germany: Beer retailers fined for colluding with AB InBev in price-fixing scheme
German beer retailers have been slapped with big fines after being caught colluding with beer giant AB InBev in a price-fixing scheme, Eater reported on May 9.

According to the Wall Street Journal, "Germany's Federal Cartel Office has fined several retailers a combined total of €90.5 million ($103.2 million)" over the price-fixing scandal. WSJ reports that the news comes at an especially embarrassing time for the country, which is currently celebrating the 500th anniversary of the Reinheitsgebot, or beer purity law, which is meant to protect consumers from inflated beer prices.

The retailers were found to have colluded with the German subsidiary of AB InBev to fix beer prices — specifically for its Beck's, Hasseröder and Franziskaner brands — between 2006 and 2009. AB InBev itself was not fined, as its cooperation helped authorities in the inquiry.

The probe also fined one German retailer for fixing the price of Haribo candy and another for fixing the price of coffee.

This isn't the first time AB InBev has faced criticism over its "German" beers recently. Last year, the company was paid out millions of dollars following a class-action lawsuit claiming it tricked consumers into thinking Beck's, which has been made in St. Louis since 2012, ...More info on site


Brewery newsZimbabwe: SABMiller’s Delta Corp. says full-year profit dropped 13%
Delta Corp Ltd., Zimbabwe’s biggest company, said full-year profit declined 13 percent after unemployment and delays paying government worker salaries hurt beer sales, Bloomberg ...More info on site


Brewery news Nigeria: Nigeria Breweries Plc paid N16 bln as tax last year despite tough operating environment
Nigeria Breweries Plc has disclosed that despite tough operating environment, it paid N16 billion as tax to the Federal Government for the financial year 2015 and also created 4,000 direct jobs. It further disclosed that the beer industry in the country grew by one percent in 2015, while beer consumption per person stood at 11 litres. Mr. Nicolaas Vervelde, Managing Director/CEO, announced this during the company's Pre-AGM Media briefing held in Lagos last weekend, AllAfrica.com reported on May 9.

According to him " Employment-wise, the company has 4,000 Nigerians on its payrolls across its 11 beer plants and two malt production plants across the country while 280,000 people have been indirectly employed by its transporters, distributors and other ancillary businesses. Vervelde said that the slow growth in the economy in terms of lower oil prices, fall in the value of the Naira, scarcity of foreign exchange , low purchasing power of consumers are some of the economic indices that affected the industry like other businesses in the country.

According to him, the beer industry in Nigeria has been undergoing slow growth for four consecutive years, adding that the sector grew by 1 percent last year compared to 9-10 percent recorded in the ...More info on site


Brewery news Ghana: Guinness Ghana Breweries launches GHS180 mln renounceable rights issue
Guinness Ghana Breweries Limited ("GGBL"), Ghana’s leading beverage company, has launched a GHS180 million renounceable rights issue in order to retire part of its debt, optimise its capital structure and improve its financial and operational flexibility.

The objective of the transaction is to return GGBL to an optimal capital structure, reduce the interest burden on GGBL, provide GGBL with the financial flexibility to invest in future value-creating opportunities and return GGBL to a position where it can pay dividends.

Following the Rights Issue of GHS 70,000,000 in November 2011, the company successfully reduced its outstanding net debt from GHS 104,907,000 as at June 2011 to GHS 5,626,000 as at June 2012.

However, over the past 3 years, the GGBL has invested significantly in capital expenditure including increasing the capacity of the Kumasi brewery, installing spirits blending and bottling capability and redesigning the Malta Guinness bottle. These operational initiatives have been funded primarily by debt.

Francis Agbonlahor, Managing Director of GGBL said “The macroeconomic backdrop has increased the burden of the debt financing with market interest rates having increased significantly, as well as putting pressure on the operating performance of the business.

We are however confident the injection of GHC180m will give shareholders the opportunity to ...More info on site


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