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E-Malt.com Newsletter 43a
October 22 - October 24, 2018

Quote of the Week

It always seems impossible until it's done.
Nelson Mandela

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Currency Rates

Base Currency: US Dollar
on October 24, 2018
Base Currency: Canadian Dollar
on October 24, 2018
      1 USD = 0.8719 EUR
1 USD = 0.7702 GBP
1 USD = 1.3095 CAD
1 USD = 1.4133 AUD
1 USD = 112.3700 JPY
1 USD = 3.6919 BRL
1 USD = 65.3557 RUB
1 USD = 6.9374 CNY
      1 CAD = 0.7635 USD
1 CAD = 0.5881 GBP
1 CAD = 0.6657 EUR
1 CAD = 1.0791 AUD
1 CAD = 85.8000 JPY
1 CAD = 2.8188 BRL
1 CAD = 49.9001 RUB
1 CAD = 5.2968 CNY

Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Barley news Canada: Barley output forecast 4% higher in 2018/19 ...Click here
Brewery news Canada: Molson Coors begins works on new brewery in Longueil ...Click here
Brewery news USA: MillerCoors lays out new corporate structure ...Click here
Brewery news Canada, AB: Calgary's craft beer boom is having a trickle-down effect ...Click here
Brewery news USA, LA: Cane River Brewing Co. nearly done with its facility in Natchitoches ...Click here
Brewery news USA, TX: Family Business Beer Company to open second location in Austin ...Click here
World News
Brewery news World: Heineken volumes up 2.2% in Q2 in Europe, Carlsberg increases yearly profit guidance ...Click here
Brewery news UK: Alcohol free and low alcohol beer sales rising substantially ...Click here
Brewery news UK: Number of beer trademarks soars to record 2,372 in 2017 ...Click here
Barley news Ukraine: Barley exports drop 35% in Q1 2018/19 ...Click here
Graph of the Week

Table of the Week

UK Hops Area, Yields, and Production 2016-2017

Table of the week.

Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

These Days in Business History

22 October
1897 - World's 1st car dealer opens in London
1979 - Walt Disney World's 100-millionth guest
1997 - Yahoo completes purchase of Four11

23 October
1814 - 1st plastic surgery is performed (England)
1824 - 1st steam locomotive is introduced
1989 - Bankruptcy of Wartsila Marine; the biggest bankruptcy in the Nordic countries until then

24 October
1836 - A. Phillips patents the match
1857 - World's 1st football club, Sheffield FC, founded in England
2008 - "Bloody Friday" saw many of the world's stock exchanges experience the worst declines in their history, with drops of around 10% in most indices


October 2018:
23-26: China Brew China Beverage 2018 (Shanghai, China)
24-26: drink technology India 2018 (Mumbai, India)

November 2018:
13-15: Brau Beviale 2018 (Nuremberg, Germany)

February 2019:
8-10: Finest Spirits 2019 (Munich, Germany)
8-11: HoReCa 2019 (Athens, Greece)
16-19: Beer Attraction 2019 (Rimini, Italy)
19-21: Beviale Moscow 2019 (Moscow, Russia)

March 2019:
5-7: Expo Antad & Alimentaria Mexico 2019 (Mexico City, Mexico)
13-16: Festival Brasileiro da Cerveja 2019 (Blumenau, Brazil)
15-17: Barcelona Beer Festival 2019 (Barcelona, Spain)
19-21: Beviale Moscow 2019 (Moscow, Russia)
27-29: 10th World Barley, Malt & Beer Conference (Warsaw, Poland)

April 2019:
8-11: Craft Brewers Conference & BrewExpo America 2019 (Denver, Colorado, USA)

More events are available on site e-malt.com

News Articles

Barley news Canada: Barley output forecast 4% higher in 2018/19
For 2018-19, Canada’s barley-seeded area is forecast to increase by 13% from last year’s record low of 2.334 mln ha, Agriculture and Agri-Food Canada said in its latest report on October 19.

Production is forecast to increase 4% to 8.2 million tonnes (Mt) due to the higher harvested area, despite a below average total yield.

Due to sharply lower carry-in stocks, total supply is forecast to decrease by 5% to 9.5 Mt.

Total domestic use is forecast to increase by 3% to 6.148 Mt due to slightly higher feed and industrial use.

Exports are expected to decrease by 17% to 2.4 Mt due to lower total supplies.

Carry-out stocks are forecast to decrease by 20% to a near record-low level of 1.0 Mt.

The Lethbridge cash feed barley price is forecast to average 15% higher than 2017-18.

The average barley yield in Canada is estimated to be below the previous three and five-year averages. Compared to the August 31 survey-based estimate, the model-based estimate increased barley production by 235,000 tonnes or 3%.

Since the beginning of the crop year, feed barley has been moving into the Alberta elevator system at a premium to feed wheat. The price outlook remains good since many regions ...More info on site

Brewery news Canada: Molson Coors begins works on new brewery in Longueil
It’s official, work has begun on the new C$500-million Molson Coors brewery in south shore Longueuil, Globalnews.ca reported on October 19.

At a ground-breaking ceremony on October 19, supply manager Matthew Hook said it will be the company’s most modern brewing facility and distribution centre.

The company announced last year it was leaving the Montreal site on Notre-Dame Street where it opened a brewery in 1786 to build a new operation in Longueuil.

At the time, Montreal Mayor Valérie Plante expressed her disappointment at the move.

But Molson Coors Canada argues it represents one of the largest investments in the company’s 230-year history and demonstrates its commitment to the Greater Montreal area.

It is expected that anywhere between 500 and 800 workers will be required to build the state-of-art facility and that local trades, contractors and operators are a crucial component.

Additionally, the company plans on maintaining its administrative offices at the Montreal site.

Hook also stressed how the new plant will address environmental concerns.

“The new brewery will be equipped with improved technologies that will allow us to reduce our energy consumption, carbon dioxide emissions and carbon footprint such as optimized equipment layouts to reduce beer loss and waste and a state-of-the-art carbon dioxide recovery system,” he ...More info on site

Brewery news USA: MillerCoors lays out new corporate structure
MillerCoors on October 22 laid out a new corporate structure that the company said will create a leaner, more nimble organization with the financial flexibility to invest more in its brands and capitalize on new opportunities.

As part of a restructuring announced last month, MillerCoors eliminated about 375 positions, in part by not filling about 150 open roles. A majority of the remainder were via a voluntary severance program. Many will use the severance as a bridge to retirement, MillerCoors CEO Gavin Hattersley said in notes sent today to distributors and employees. He said the company accepted nearly all employees who raised their hands to take the voluntary package.

“We took a hard look at how we could create an organization that could make decisions faster and move more quickly, and we realigned our business accordingly,” Hattersley said. “Our new structure is now in place and we believe it positions us well moving forward.”

The changes also included significant reshuffling of the MillerCoors marketing organization, which includes several major changes to its leadership team. The company appointed new leaders for its economy brands portfolio and the Coors family of brands.

Ryan Reis returns to brand marketing, taking over the Coors family of brands after ...More info on site

Brewery news Canada, AB: Calgary's craft beer boom is having a trickle-down effect
Every March, Calgary’s Tool Shed Beer co-founder, Jeff Orr, travels down to Billings, Montana and stays at a hotel that has 13 breweries within walking distance, LiveWire Calgary reported on October 19.

“I enjoy going to a place like that where you can hit a bunch of places all at once,” he said.

“One of the things I lamented about our old system in Alberta, and what it created, is that this didn’t exist at all.”

Now it does.

Growing alongside Alberta’s craft beer craze is a burgeoning tourism industry; something most say has untapped potential, and it’s only just scratched the surface.

Orr said from early on in Tool Shed’s history (five years ago), they envisioned a craft beer scene that evolved into a major attraction for Calgary. He said that while it seems to the outsider that breweries popped up specifically with one another in certain areas – the Brewmuda Triangle in the northeast, where his shop is, Brewery Flats in the Inglewood / Ramsay area and the Barley Belt in the Manchester Industrial area – it’s actually more a result of relaxed zoning rules allowing breweries.

The result of that, however, is it’s inadvertently created these different brewery districts, he said.

“It’s massively changed ...More info on site

Brewery news USA, LA: Cane River Brewing Co. nearly done with its facility in Natchitoches
Natchitoches natives Justin Krouse and Cade Gentry may never open the restaurant they dreamed up years ago, but they're poised to bring something much more exciting to their hometown, the Alexandria Town Talk reported on October 19.

Cane River Brewing Co., founded by longtime friends Krouse and Gentry, is nearly done with its facility on Mill Street.

The brewery's taproom, they hope, will be open in a few weeks. From there, Krouse and Gentry plan to distribute their beer throughout Central and North Louisiana.

"It's a really good feeling," Krouse said. "It's been so long since this process started."

"It just seemed like a far off concept then." Gentry said. "I'm glad it took us this long, because we learned so much through this process."

Krouse and Gentry have been planning the brewery for about five years. Before that, they were focused on opening a restaurant someday, perhaps modeled on a concept they created for a hospitality management class in college.

"I was managing a restaurant after college, and people would come in and ask what the local beer was," Krouse said. "They were shocked to hear there was no local brewery."

Central Louisiana was slow to capitalize on the craft brewing explosion, but the area has ...More info on site

Brewery news USA, TX: Family Business Beer Company to open second location in Austin
Family Business Beer Company, the brewery in Dripping Springs, Texas which is owned by Jensen and Danneel Ackles, will be opening a second location in Austin. The brewery is managed by Danneel’s brother, Gino Graul, who is a craft beer enthusiast, the Nerds and Beyond reported on October 22.

The second location will be part of the St. Elmo’s Public Market, a new 40,000-square-foot market which will be the city’s first true artisan food retail marketplace, a one-of-a-kind, highly curated destination for local foods, beverages, and restaurants. It’s set to open in fall 2019.

Nate Seale, previously known for his signature recipes as brewmaster for (512) Brewing Company, serves as head brewer. Seale will also oversee the beer production at this second location, which was a natural progression for the beer brand given the immense success it has experienced since opening its Dripping Springs brewery ten months ago. Family Business Beer Co. at St. Elmo will serve as the brewpub for the public market.

“We are looking forward to being surrounded by so many other talented tenants and contributing to the overall synergy of the development. Our focus in the market will be small batch limited release beers, one-offs of our existing flagships, ...More info on site

Brewery newsWorld: Heineken volumes up 2.2% in Q2 in Europe, Carlsberg increases yearly profit guidance
Unusually warm weather across Europe this summer helped the world’s second-largest brewer Heineken and smaller rival Carlsberg to sell more beer in the third ...More info on site

Brewery newsUK: Alcohol free and low alcohol beer sales rising substantially
Sales of alcohol free and low alcohol beers are rising substantially as more people choose to drink it as a lifestyle choice, This is ...More info on site

Brewery newsUK: Number of beer trademarks soars to record 2,372 in 2017
Craft beer lovers in the U.K. have never had so many choices on tap, Columbian reported on October 22.

The number of trademarks registered for ...More info on site

Barley news Ukraine: Barley exports drop 35% in Q1 2018/19
Barley exports from Ukraine decreased 35% in Q1 2018/19 (July-September), to 2.0 mln tonnes against 3.1 mln tonnes shipped abroad in the same period last year, UkrAgroConsult reported on October 23.

The first quarter of MY 2018/19 features some changes in the range of export destinations for Ukrainian barley. Apart from traditional major end markets (Saudi Arabia and China), this season’s top five biggest barley importers included Japan, Tunisia and Egypt. At the same time, compared to Q1 2017/18, barley exports to Saudi Arabia dropped by 5% and those to China fell by 55%.

On the other hand, Egypt already imported 64.2 thousand tonnes of Ukrainian barley in July-September following minimum imports in MY 2016/17 and no purchases in MY 2017/18. Barley supplies to Japan increased 275%, to Tunisia - up 249%.

September shipments of Ukrainian barley were 34% less than in the previous month.

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