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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 07a
February 11 - February 13, 2019

Quote of the Week

Curiosity will conquer fear even more than bravery will.
James Stephens

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Currency Rates

Base Currency: US Dollar
on February 13, 2019
Base Currency: Canadian Dollar
on February 13, 2019
      1 USD = 0.8851 EUR
1 USD = 0.7767 GBP
1 USD = 1.3267 CAD
1 USD = 1.4111 AUD
1 USD = 110.5000 JPY
1 USD = 3.7356 BRL
1 USD = 65.7237 RUB
1 USD = 6.7750 CNY
      1 CAD = 0.7537 USD
1 CAD = 0.5853 GBP
1 CAD = 0.6671 EUR
1 CAD = 1.0635 AUD
1 CAD = 83.2800 JPY
1 CAD = 2.8154 BRL
1 CAD = 49.5339 RUB
1 CAD = 5.1061 CNY

Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Brewery news World: Molson Coors reports 2018 results ...Click here
Brewery news World: Molson Coors Brewing Co to restate financial reports for 2016 and 2017 due to accounting errors ...Click here
Brewery news Canada, ON: Bobcaygeon Brewing Co. acquires Beard Free Brewing ...Click here
Brewery news USA: Alcohol producers fight to save expiring tax breaks ...Click here
Brewery news USA, WA: Camp Colvos Brewing now open on Vashon Island ...Click here
Brewery news USA, MA: Floodwater Brewing Co. joins Franklin County’s brewing community ...Click here
Brewery news USA, CO: FlyteCo Brewing preparing to launch in Berkeley on March 2 ...Click here
Brewery news USA, PA: Conshohocken Brewing Company officially opens up in King of Prussia ...Click here
World News
Brewery news World: Heineken achieves beer sales increase across all regions last year ...Click here
Whisky news UK: Whisky exports increase 3.6% in volume last year ...Click here
Brewery news UK: Beer sales across on and off-trade grow 2.6% last year ...Click here
Brewery news Vietnam: Habeco’s profits drop 23% in 2018 ...Click here
Brewery news India: Craft brewer B9 Beverages almost doubles losses in FY2018 ...Click here
Brewery news Nigeria: Big brewers competing for Nigerian consumers ...Click here
Brewery news Zimbabwe: Government reported to be subsidizing beer in Zimbabwe ...Click here
Brewery news UK: Carlsberg UK to launch a “new, better: Carlsberg Danish Pilsner ...Click here
Graph of the Week

Table of the Week

World Use of Hops and Hop Products 1997 - 2018s

Table of the week.

Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

Scientific Digest


20 years ago, the International Hop Standards Committee (IHSC) was founded to take care of the production, release and maintenance of HPLC calibration standards for use in the quantitative determination of various bitter components in hops, hop products and in beer. The new standard for humulinones was prepared with the help of John Paul Maye, Bob Smith and Jeremy Leker. The validation procedure included a collaborative HPLC study in which the prospective new standard was crosschecked against a high purity, DCHA-humulinones standard. So go ahead and find your humulinones.


Biendl, M, Forster, B.: New International Calibration Standards, Brewing Science Sep/Oct 2018
Read more

Source: Barth Innovations

These Days in Business History

08 February
1883 - Louis Waterman begins experiments to invents fountain pen
1926 - Walt Disney Studios forms
1971 - NASDAQ market opens for stock trading, as the National Association of Securities Dealers Automated Quotation system first displays the median price for more than 2,500 "over-the-counter" securities

09 February
1585 - The Frankfurt Stock Exchange is established
1955 - US federations of trade unions merge into AFL/CIO
1969 - World's largest airplane, Boeing 747, makes 1st commercial flight

10 February
1635 - Academie Francaise forms in Paris (by Cardinal Richelieu)
1933 - Delivery of 1st singing telegram
1961 - Niagara Falls hydroelectric project begins producing power


February 2019:
08 - 10: Finest Spirits 2019 (Munich, Germany)
08 - 11: HoReCa 2019 (Athens, Greece)
15 - 16: Braukunst Live! 2019 (Munich, Germany)
16 - 19: Beer Attraction 2019 (Rimini, Italy)
19 - 21: Beviale Moscow 2019 (Moscow, Russia)
19 - 23: Great British Beer Festival Winter 2019 (Norwich, UK)

March 2019:
05 - 07: Expo Antad & Alimentaria Mexico 2019 (Mexico City, Mexico)
11 - 13: 105th Brewing and Engineering Congress 2019 (Rust, Germany)
13 - 14: BeerX 2019 (Liverpool, UK)
13 - 16: Festival Brasileiro da Cerveja 2019 (Blumenau, Brazil)
14 - 16: Alltech Craft Brews & Food Fair 2019 (Dublin, Ireland)
15 - 17: Barcelona Beer Festival 2019 (Barcelona, Spain)
27 - 28: Craft Beer Italy 2019 (Milan, Italy)
27 - 29: 10th World Barley, Malt & Beer Conference (Warsaw, Poland)

April 2019:
08 - 11: Craft Brewers Conference & BrewExpo America 2019 (Denver, Colorado, USA)
10 - 12: Drink Technology India 2019 (Bengaluru, India)
26 - 28: Zythos Beer Festival 2019 (Leuven, Belgium)

May 2019:
15 - 17: Craft Beer China 2019 (Shanghai, China)
21 - 24: Beer 2019 (Sochi, Russia)
21 - 26: Latvia Beer Fest 2019 (Riga, Latvia)
22 - 25: Mondial de la Biere 2019 (Montreal, Canada)
23 - 25: Copenhagen Beer Festival 2019 (Copenhagen, Denmark)
28 - 30: Brasil Brau 2019 (Sao Paulo, Brazil)
30 - 01 June: Expo Wine + Beer 2019 (Santiago de Chile, Chile)

June 2019:
02 - 06: The 37th Congress of the European Brewery Convention (Antwerp, Belgium)
03 - 04: The Brewers of Europe Forum 2019 (Antwerp, Belgium)
09 - 11: Brewing Conference 2019 (Bangkok, Thailand)
25 - 26: BevExpo 2019 (Ricoh Arena, Judds Lane, Coventry, United Kingdom)

July 2019:
03 - 04: Craft Drinks India 2019 (Bengaluru, India)
09 - 11: Fdt Africa 2019 (Midrand, South Africa)

August 2019:
02 - 04: The 23rd International Berlin Beer Festival (Berlin, Germany)
06 - 10: The Great British Beer Festival 2019 (London, UK)
07 - 10: VIETFOOD & BEVERAGE - PROPACK 2019 (Ho Chi Minh City, Vietnam)
09 - 10: Beervana 2019 (Wellington, New Zealand)

September 2019:
04 - 08: Mondial de la Biere 2019 (Rio de Janeiro, Brazil)
21 - 06 October: Oktoberfest 2019 (Munich, Germany)
26 - 27: Sea Brew 2019 (Bangkok, Thailand)

October 2019:
03 - 05: The Great American Beer Festival 2019 (Denver, USA)

November 2019:
12 - 14: Brau Beviale 2019 (Nuremberg, Germany)

December 2019:
05 - 07: Drink Technology India 2019 (New Delhi, India)
More events are available on site e-malt.com

News Articles

Brewery news World: Molson Coors reports 2018 results
Molson Coors Brewing Company reported on February 12 its results for the 2018 full year and fourth quarter.

Molson Coors president and chief executive officer Mark Hunter said:

"We accomplished much in 2018, delivering strong free cash flow and meeting our deleverage commitments, restoring underlying EBITDA growth in the quarter and second half, premiumizing our portfolio across regions including launching Truss our Canadian cannabis beverage JV, scaling volume and profitability in our fast growing International business and continuing to strengthen our European business. Through the year we further scaled our cost saving program which insulated us in part from the effects of weaker industry demand in North America, higher than anticipated input inflationary pressures and challenges associated with the implementation of our U.S. brewery supply chain system."

Mark continued, "We enter 2019 with a U.S. commercial plan focused on mix and share improvement that is fully resourced and showing early signs of impact against Coors Light, a commercial strategy that is working in Europe and International and continually improving commercial trends in Canada. We are focused on further strong free cash flow delivery and deleverage supported by more than $200 million of cost savings in 2019 and further $450 million across 2020 ...More info on site

Brewery news World: Molson Coors Brewing Co to restate financial reports for 2016 and 2017 due to accounting errors
Molson Coors Brewing Co said on Feburary 12 it would restate its financial statements for fiscal years 2016 and 2017 after auditors found accounting errors for income taxes related to deferred tax liabilities, Reuters reported on February 12.

The errors originated from its acquisition of remaining 58 percent stake in MillerCoors LLC in 2016, the company said in a filing with regulators, adding that its impact will not be material.

After restating, the financial results for fiscal 2016 will reflect an increase in Molson Coors’ deferred tax liabilities and deferred tax expenses by $399.1 million, which in turn will pull down its net income and earnings per share.

For fiscal 2017, the restatements will reflect a reduction to deferred tax liabilities and deferred tax expense of $151.4 million, and a corresponding increase in net income and earnings per share.

Separately, the beer company also reported lower-than-expected quarterly sales for the fourth quarter, sending its shares down about 6.5 percent to $61.16 in early trading.

Brewery news Canada, ON: Bobcaygeon Brewing Co. acquires Beard Free Brewing
Beard Free Brewing has permanently closed its doors and Bobcaygeon Brewing Co. will swing them open again in the spring, ThePeterboroughExaminer.com reported on February 8.

Bobcaygeon has reached a deal with Beard Free to take over The Parkway brewing facility.

The west-end location is one of two spots Bobcaygeon Brewing Co. founders plan to open this year — the other is in Bobcaygeon.

"We're really excited to be able to open up two locations to serve the needs of our customers throughout the Kawartha Lakes region," said Richard Wood.

Wood co-founded the brewery in 2014 with his university buddy, Vince Castronovo. They started production a year later as a contract brewer, with the goal of opening shop in Bobcaygeon one day.

That dream is well underway now, after the pair signed a lease with Parks Canada to redevelop the old Post Office on Bolton Street in Bobcaygeon.

Construction is expected to start this summer and it's slated to open by the end of the year.

"We've had lots of positive feedback … people are excited to see the building reimagined and reused," Wood said.

The Bobcaygeon facility will be the main brewery, housing production, a retail store and a taproom.

It'll feature several beers, such as a pale ale, ...More info on site

Brewery news USA: Alcohol producers fight to save expiring tax breaks
A coalition of alcohol producers, including Anheuser-Busch and MillerCoors, are turning up the heat on Congress to make permanent new tax cuts they won as part of the 2017 tax overhaul, Bloomberg Tax reported on February 11.

The 2017 law gave beer, wine, and spirits producers a two-year federal excise tax reduction worth $4.2 billion—with the deepest cuts going to small domestic brewers, whose tax rates were halved to $3.50 from $7 per barrel on the first 60,000 barrels.

The benefit is set to expire at the end of 2019, and brewers, cider makers, vintners, and distilleries are intent on maintaining it.

“Now it’s our time to go back up to the Hill and show them this was a great idea,” said Jim McGreevy, president and CEO of the Beer Institute, which represents both large and small brewers.

At the very least, the coalition—which includes other trade groups like the Brewers Association, WineAmerica, the Wine Institute, the Distilled Spirits Council, the American Craft Spirits Association, and the U.S. Association of Cider Makers—want the tax breaks extended.

But the industry prefers that they be made permanent, so producers have the certainty for making long-term business decisions.

President Donald Trump’s trade policies have added a level of ...More info on site

Brewery news USA, WA: Camp Colvos Brewing now open on Vashon Island
Introducing Camp Colvos Brewing, a new brewery that recently opened its taproom on Vashon Island. The brewery is located down the road a spell, but the taproom is right in the heart of the village (AKA, “downtown” Vashon) just a couple blocks south of Vashon Brewing‘s taproom, the Washington Beer Blog reported on February 8.

Matt Lawrence didn’t have time to run a brewery. He had a day job, a family, and the minor everyday complications inherent with living on an island. Still, he felt compelled to devote any slice of free time he could find to brewing. For years.

Now with his Camp Colvos Brewing leasing three spaces on Vashon Island and residents flocking to its just-opened Campsite taproom (in a former pizza restaurant), he continues to maintain a career in commercial janitorial services, shuttle his family to school and extracurricular functions, and keep a handle on everyday logistical challenges. But thanks to a little bit (or a whole lot) of help from friends, he now contemplates a day when his brewery becomes his day job.

The seeds for CCB, as Lawrence and his crew call it, were sowed several years ago, when he started a club for beer-thirsty Vashonites. He delivered ...More info on site

Brewery news USA, MA: Floodwater Brewing Co. joins Franklin County’s brewing community
A craft brewery has opened in Shelburne Falls, the latest addition to the half-dozen or so clustered around Franklin County, The Recorder reported on February 8.

Zack Livingston, a Worthington native and University of Mass. graduate, opened Floodwater Brewing Co. at 40 State St. during Moonlight Magic last November. The brewery is open Thursday and Friday from 6 p.m. to 10 p.m.; Saturday 1 p.m. to 10 p.m.; and Sunday 1 p.m. to 5 p.m.

The brewery will hold community events each month, including charity comedy shows, live music and language exchanges, Livingston said. On Thursday, the brewery will host its second comedy show. Proceeds from the first show, held in December, were donated to the Food Bank of Western Massachusetts.

Livingston said he is especially interested in hosting comedy shows, as he had a second job as a stand-up comic for seven years. While he said he doesn’t have time to pursue gigs anymore, he intends to use his background to host events and invite comedians he met from the circuit to perform.

“I plan to have a lot of community-oriented events,” Livingston said.

Floodwater only serves beers brewed on site. Beers currently on tap include a saison, a chocolate rye porter, and ...More info on site

Brewery news USA, CO: FlyteCo Brewing preparing to launch in Berkeley on March 2
A new brewery is preparing to take off in Berkeley.

Aviation-themed FlyteCo Brewing, once slated to be called Aero Craft Brewing, will open at 4499 W. 38th Ave. on March 2, BusinessDe reported on February 8.

The brewery signed a 10-year lease in 2017 for the space just west of Tennyson Street, which previously housed an auto repair shop. Since then, owners Eric Serani, Jason Slingsby and Morgan O’Sullivan have been waiting on permits and building out the unit.

Serani is a mechanical engineer and president of FlyteCo Brewing. He began homebrewing in college with Slingsby, a chemical engineer and FlyteCo’s head brewer. Both men are pilots.

Eventually, Serani moved next door to O’Sullivan, and the three started throwing massive outdoor parties, with Serani and Slingsby providing the beer. It was about four years ago, Slingsby said, when the trio realized they could do this for a living.

“We had this big, 150-person party in our backyard,” said O’Sullivan, chief of operations for FlyteCo. “Jason made the beer, Eric made it happen, and I brought the people. That got us thinking that maybe we should take this to the next level.”

Thus began two years-plus of searching for the right location, according to Serani.

“We looked all ...More info on site

Brewery news USA, PA: Conshohocken Brewing Company officially opens up in King of Prussia
Conshohocken Brewing Company has officially opened up in King of Prussia with a new, 15,500-square-foot location that includes a tasting room and dining area for guests, as well as a production facility, quality testing lab, and canning line aimed at tripling the brewery’s output going forward, Philly.com reported on February 11.

Located at 3100 Horizon Dr. in King of Prussia, Conshy Brewing’s latest location opened at 4 p.m. Friday, February 8 to eager fans who were given about two hours’ notice about the debut, general manager Laura Houck told the Inquirer by phone. But while it may have been quiet, she added, the opening was successful, and introduced area drinkers to one of Conshohocken Brewing’s most ambitious projects yet.

On the taproom and restaurant side, Conshy KOP features seating for about 100 guests, as well as an outdoor patio area, a VIP section, and a rentable auditorium space for special events that seats up to 50 people. The plan, Houck said, is to expand seating for guests as weather improves over the coming months. Hours are 11 a.m. to 9 p.m. on weekdays, and 11 a.m. to 11 p.m. on weekends.

Currently, the draft list focuses on Conshohocken Brewing’s flagship beers, like Type ...More info on site

Brewery newsWorld: Heineken achieves beer sales increase across all regions last year
Dutch brewer Heineken, the maker of Europe’s top-selling lager, has announced that beer sales increased across all regions in its 2018 earnings report.

Net revenue ...More info on site

Whisky newsUK: Whisky exports increase 3.6% in volume last year
Whisky exports grew by 3.6% in volume last year to the equivalent of 1.28 billion 70cl bottles – worth a record £4.7 billion, the ...More info on site

Brewery newsUK: Beer sales across on and off-trade grow 2.6% last year
Sales of beer in UK’s pubs saw a rise of 2.2% in the last quarter of 2018, however, this increase was lower than the ...More info on site

Brewery newsVietnam: Habeco’s profits drop 23% in 2018
Habeco’s profits fell by 23 percent last year to VND667 billion ($28.71 million), the fourth straight year of decline, the Retail News Asia reported ...More info on site

Brewery news India: Craft brewer B9 Beverages almost doubles losses in FY2018
B9 Beverages, the maker of Bira craft beer, almost doubled its losses to Rs 101 crore in FY18 as it bolstered nationwide marketing to boost sales five-fold in a crowded market dominated by mainstream brands such as Carlsberg and UB’s Kingfisher, the Economic Times reported on February 12.

Sales at B9 Beverages climbed to Rs 161 crore from Rs 32 crore in FY17, in which the company had reported a net loss of Rs 55 crore, data sourced from research platform Veratech showed.

Since its launch about four years ago, the company has managed about a 5% share in key markets despite the dominance of Kingfisher, AB Inbev’s Corona and Budweiser, and Carlsberg, which together control 80%.

“We expect to break even in India business in FY21," said Ankur Jain, founder of B9 Beverages that raised $50 million from Brussels-based investment firm Sofina a year ago.

The beer segment expanded 6% to 2771.5 million litres in 2018, according to GlobalData forecast. But India still favours strong beer brands that have an 80% share, and global companies have been producing stronger variants of their flagship beer brands, a segment where Bira has no presence at all.

B9 sells in a dozen ...More info on site

Brewery news Nigeria: Big brewers competing for Nigerian consumers
Gigantic billboards advertising beer now dominate the skyline of Nigeria's megacity, Lagos, signalling the escalating battle between multinational brewers for drinkers in Africa's most populous country, the Daily Nation reported on February 10.

So far it's a largely untapped market, with Nigerians consuming on average just nine litres (around 16 British pints) of beer a year, well below South Africans' 57 litres, according to market research firm Euromonitor.

But with more than half of Nigeria's 190 million people aged under 30 — and the population expected to grow to 410 million by 2050 — the world's biggest beer companies are looking to elbow in.

For years, Nigerian Breweries has dominated the sector with brands including Gulder, Star and top-of-the-range Heineken.

However its iron grip on the market is under threat from mega-brewer Anheuser-Busch InBev.

It recently opened a new factory outside Lagos and launched Budweiser to face off against Heineken, in a fierce contest for millennial drinkers being played out across Africa.

Promotions have become an arms race among the beer companies as they host concerts, fashion weeks and boat parties to win over customers.

Restaurant and club owners say they are being courted by the beer companies with unprecedented amounts of cash.

"The big guys started noticing ...More info on site

Brewery news Zimbabwe: Government reported to be subsidizing beer in Zimbabwe
The permanent secretary in the Ministry of Finance, George Guvamatanga, reportedly questioned in a meeting of Heads of Ministries, why the government subsidizes beer in Zimbabwe, the Pindula News reported on February 10.

The information was provided by Nick Managwana, the Information Ministry perm sec through his Twitter account.

Guvamatanga, who is also the former Barclays Zimbabwe managing director, apparently called for unpopular decisions to be made by the government.

Mangwana reiterated on his Twitter that these are not direct subsidies for Delta Beverages’ products but procurement subsidies for ingredients used in the production of beer products.

Brewery news UK: Carlsberg UK to launch a “new, better: Carlsberg Danish Pilsner
Carlsberg UK is set to launch a “new, better” Carlsberg Danish Pilsner variant, in a move designed to “improve the consumer drinking experience and minimise its environmental impact”, the Talking Retail reported on February 12.

The variant will be available from 1 March in:

Small packs – 6x330ml snap pack cans, 4x500ml cans, 4x568ml cans and 4x330ml bottles

Medium packs – 10x330ml cans, 15x330ml cans and 12x330ml bottles

Large packs –18x440ml cans and new 18x330ml bottle packs

The new formula will have the same 3.8% ABV but has been “re-brewed from head to hop to deliver a smoother, fuller mouth-feel and a perfect balance of bitterness and sweetness”.

The new packs will feature a new font, a cap that removes oxygen from the bottles and environmentally friendly ink.

The launch will be supported by a multi-million pound investment including a TV, digital and out-of-home advertising campaign running from April.

Consumer research from Carlsberg found that the new Danish Pilsner has driven a significant shift in perceptions, with 68% of UK lager drinkers suggesting they prefer the taste of Carlsberg Pilsner to the current UK number one mainstream lager.

It said the preference for pilsner was most significant among younger and more affluent consumers.

Liam Newton, vice president of marketing at ...More info on site

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