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E-Malt.com Newsletter 29a
July 13 - July 15, 2020
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Currency Rates
Base Currency: US Dollar
on July 15, 2020 |
Base Currency: Canadian Dollar
on July 15, 2020 |
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1 USD = 0.8793 EUR
1 USD = 0.7973 GBP
1 USD = 1.3617 CAD
1 USD = 1.4375 AUD
1 USD = 107.2600 JPY
1 USD = 5.3915 BRL
1 USD = 71.0077 RUB
1 USD = 6.9969 CNY
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1 CAD = 0.7343 USD
1 CAD = 0.5854 GBP
1 CAD = 0.6457 EUR
1 CAD = 1.0555 AUD
1 CAD = 78.7500 JPY
1 CAD = 3.9588 BRL
1 CAD = 52.1384 RUB
1 CAD = 5.1376 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, CT: Transcend Brewing Company to be launched in former Skygazer Brewing location in Southington
...Click here
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USA: Molson Coors to stop production of light craft lager Saint Archer Gold
...Click here
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USA, MN: Rendezvous Brewery already open in Hackensack
...Click here
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USA, KY: Scout & Scholar Brewing Company releases its inaugural beers
...Click here
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USA, CO: Brewpub group C.B. & Potts closes down four of its Colorado locations
...Click here
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World: Impact of corona crisis on beer and malt industry now mostly under control in Asia and Europe - analysts
...Click here
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World: Barley trade forecast increased to 25.688 mln tonnes in USDA’s July report
...Click here
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Germany: Wheat, winter barley harvest expected to decline this year
...Click here
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EU: Spring barley yield forecasts improve remarkably in recent weeks
...Click here
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UK: Heineken under fire for extending shelf life of all its kegged beer sent to pubs
...Click here
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Australia: Carlton & United Breweries offering pubs and bars forced to shut down in Melbourne extended credit for two months
...Click here
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South Korea: Diageo launches lower alcohol content whiskey
...Click here
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World: Johnnie Walker scotch whisky to be available in plastic-free bottles from early 2021
...Click here
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Belgium: Trappist monks strike a payments solution deal to meet increased demand for their Westvleteren beer
...Click here
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South Africa: Government reinstates ban on domestic alcohol sales
...Click here
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Graph of the Week
Table of the Week
The Brewing Industry in Belgium 1900-2019
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
13 July
1568 - Dean of St. Paul's Cathedral perfects a way to bottle beer
1852 - Wells, Fargo & Co. is founded by Henry Wells and William G. Fargo
1898 - Guglielmo Marconi patents radio
14 July
1850 - 1st public demonstration of ice made by refrigeration
1853 - of the first major US world's fair, the Exhibition of the Industry of All Nations in New York City
1857 - Maytag invented the washing machine
1959 - 1st atomic powered cruiser, Long Beach, Quincy Massachusetts
1969 - The United States $500, $1,000, $5,000 and $10,000 bills are officially withdrawn from circulation
15 July
1783 - 1st steamboat, Pyroscaphe, 1st run in France
1869 - Margarine is patented in France by Hippolyte Mege Mouries of Paris
1954 - The first commercial jet transport airplane built in US is tested (Boeing 707)
2003 - AOL Time Warner disbands Netscape. The Mozilla Foundation is established on the same day
2006 - Twitter is launched, becoming one of the largest social media platforms in the world
Agenda
July 2020:
29 - 31: Beviale Mexico 2020 (Guadalajara, Mexico)
30 - 01 August: Korea International Beer Expo 2020 (Seoul, South Korea)
September 2020:
02 - 05: Expo Trade, Brewers Conference & Mar del Plata Beer Week 2020 (Mar del Plata Argentina)
03 - 05: Zurich Bier Festival 2020 (Zurich, Switzerland)
05 - 05: Copa Cervezas de America 2020 (Award Ceremony) (Mar del Plata, Argentina)
11 - 13: Mondial de la Biere - Paris 2020 (Paris, France)
14 - 25: Craft Brewing Online 2020 (Online)
18 - 08 October: WBC Connect 2020 (Online)
24 - 26: Stockholm Beer & Whisky Festival 2020 (Stockholm, Sweden)
October 2020:
02 - 03: Stockholm Beer & Whisky Festival 2020 (Stockholm, Sweden)
08 - 11: Mondial de la Biere 2020 (Montreal, Canada)
13 - 16: China Brew & China Beverage (CBB) 2020 (Shanghai, China)
14 - 16: Expo Antad & Alimentaria Mexico 2020 (Expo Guadalajara, Mexico)
16 - 17: Great American Beer Festival 2020 (Online)
19 - 20: Planete Biere 2020 (Paris, France)
21 - 24: Beer 2020 (Sochi, Russia)
23 - 25: Cerveza Mexico Expo 2020 (Mexico City, Mexico)
26 - 28: VLB Brewing Conference 2020 (Leipzig, Germany)
29 - 30: Sea Brew 2020 (Taipei, Taiwan)
November 2020:
04 - 07: VIETFOOD & BEVERAGE - VIETNAM 2020 (Ho Chi Minh City, Vietnam)
10 - 12: Brau Beviale 2020 (Nuremberg, Germany)
11 - 11: European Beer Star 2020 - Award Ceremony & Winners' Night (Munich, Germany)
13 - 14: Beervana 2020 (Wellington, New Zealand)
18 - 22: Mondial de la Biere Rio 2020 (Rio de Janeiro, Brazil)
18 - 18: Brussels Beer Challenge 2020 (Brussels, Belgium)
25 - 27: Drink Japan 2020 (Tokyo, Japan)
December 2020:
09 - 11: Drink Technology India 2020 (Mumbai, India)
March 2021:
23 - 25: Beviale Moscow 2021 (Moscow, Russia)
May 2021:
17 - 23: Budapest Beer Week 2021 (Budapest, Hungary)
June 2021:
13 - 15: Bangkok Brewing Conference 2021 (Bangkok, Thailand)
15 - 17: Brasil Brau 2021 (Sao Paulo, Brazil)
July 2021:
13 - 15: Fdt Africa 2021 (Midrand, South Africa)
News Articles
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USA, CT: Transcend Brewing Company to be launched in former Skygazer Brewing location in Southington
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After stepping away from Skygazer Brewing Co. in Southington, former co-founder and brewer Erik Tynik has unveiled plans for a new brewing company, the New Haven Register reported on July 13.
In a series of Instagram posts, Tynik announced plans to start Transcend Brewing Company. Transcend Brewing Co. will brew out of the former location of Skygazer Brewing Co. in Southington.
"I am taking a new approach to IPA's to try and bring back some of that crushability and crisp refreshingness, while maintaining the fruity haze we all love," said Tynik in an Instagram post. "We were holding off on releasing the name of the new Brewery until things were finalized, but many of you have figured it out through the grapevine, so consider this official."
Though plans are still scarce for the new brewery, Tynik did unveil the first brew for Transcend - Elevate, according to an Instagram Post. The double IPA is blended with Azacca, Eureka, Mosiac and Citra. This creates a tropical flavor with a balance of "dank resin."
Last month, Tynik stepped away from Skygazer Brewing Co. due to "amicable creative differences regarding the operations and direction of the company," according to a statement from Tynik. Skygazer Brewing Co, has
...More info on site
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USA: Molson Coors to stop production of light craft lager Saint Archer Gold
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Brewer Molson Coors said it will stop production of its light craft lager Saint Archer Gold, which began rolling out nationwide earlier this year, due to the disruption caused by the coronavirus pandemic, the Chicago Tribune reported on July 13.
In a memo to distributors and employees sent July 10, Molson Coors Chief Marketing Officer Michelle St. Jacques said “the effects of the coronavirus on our industry caused an immediate loss of momentum for the brand.”
At the same time, the company said it is increasing investment in hard seltzer brands like Vizzy and its Blue Moon LightSky ale. Molson Coors also is focusing on the national launch of its Coors Seltzer brand later this year.
Molson Coors, the nation’s second largest beer company, began introducing Saint Archer Gold to other markets earlier this year to compete with Anheuser-Busch’s Michelob Ultra after initially launching in four test markets last year.
The Chicago-based brewer said Saint Archer Gold performed well with consumers earlier this year, but plans to offer samples in liquor and grocery stores across the U.S. to introduce more drinkers to the brand were disrupted by the pandemic.
St. Jacques said in the memo that the company will sell its existing inventory of Saint
...More info on site
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USA, MN: Rendezvous Brewery already open in Hackensack
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Rendezvous Brewery just opened in what can only be described as a quintessential lake town, The Growler reported on July 13.
The town of Hackensack has about 300 people but is surrounded by roughly 127 lakes within a 10-mile radius. Most visitors to the town from the Twin Cities are eager to get their boat on the water. But while there are plenty of lakes to enjoy, there aren’t a whole lot of gathering places.
For Sue and Doug Toth, Rendezvous Brewery would be the place for people to, well, rendezvous.
The brewery opened on June 27 to growler sales only.
“That first day was the best day ever,” Sue says, with nearly 100 growlers of beer sold. “Everybody came in; it was a great way to start. We weren’t sure exactly if we’d be able to open the doors because of all the regulations [related to COVID].”
The following week taps were installed and the taproom was opened to COVID guidelines. The response from the community—people are coming in to grab beer and sharing photos of their growlers at home or on a lake—is extra special for Sue.
She grew up in Hackensack just five blocks from where the brewery stands before moving to the
...More info on site
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USA, KY: Scout & Scholar Brewing Company releases its inaugural beers
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Scout & Scholar Brewing Company, the first craft brewery in Bardstown, released its inaugural beers on Friday, July 11. The public was invited to sample and purchase Scout & Scholars’ very first products, The Lane Report reported on July 13.
In addition, the brewery will sell limited-edition growlers, hats and T-shirts commemorating the event, with all proceeds going to support local, small businesses impacted by COVID-19.
“We could not think of a better way to commemorate the release of our first beers,” said Donald Blincoe and David Dones, co-founders of Scout & Scholar. “Giving back to the community that has given us so much over the years is part of our core mission at Scout & Scholar Brewing Company.”
Named after the two brothers who founded the city of Bardstown, Scout & Scholar celebrates the legacy of William and David Bard and the important role Bardstown played in shaping Kentucky and American history.
William Bard, the “Scout,” was a surveyor, land agent, and frontiersman, who surveyed and laid out Bardstown in 1780. He also drew the first lots of Louisville for the “lottery” conducted on April 24, 1779. David Bard, the “Scholar,” graduated from Princeton College, studied theology, and became a Presbyterian minister. He
...More info on site
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USA, VA: COVA Brewing Company launches in Norfolk
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A new business has just opened in the Ocean View section of Norfolk that is both a brewery and a coffee shop. News 3 recently got a tour of COVA Brewing Company.
“Our tagline is, 'Something is always brewing at COVA,'” said Dr. Philip Smith, a co-owner of COVA Brewing Company.
Dr. Smith works as a physician during the day and took a job in the Hamptons Roads area a few years ago. He said he really loved the Ocean View area.
COVA Brewing Company has been in the works for Ocean View over the last two years.
Dr. Smith explains why they were interested in this location, “The proximity to the beach, the evolving residential neighborhood around the East Ocean View area really represented what we thought was a great opportunity to put something of value in the community.”
It’s located right near Pretty Lake Avenue and Shore Drive.
“My wife and I are long-time Ocean View residences and we wanted this for the community,” said Scott Bateman, another co-owner of COVA Brewing Company, “I think that this is the most exciting thing that I’ve accomplished as a resident here in Ocean View.”
The beer is self-serve. Customers get a card, go to the tap wall,
...More info on site
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USA, WI: Dave's BrewFarm up for sale in Wilson
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Dave's BrewFarm in Wilson is for sale again.
This time he means it. The brewery has closed, the Milwaukee Journal Sentinel reported on July 14.
Inspired by farmhouses of Belgium, David Anderson opened the brewery a decade ago on 35 acres in rural Wilson, a small town a town scattered with taverns and located halfway between Hudson and Menomonie.
The BrewFarm, Wisconsin's first contemporary farm brewery, was open two weekends a month. Beers were served in a small taproom downstairs from the living quarters and could be sipped at tables overlooking a lush meadow.
Anderson is asking $450,000 and is selling the brewery as a turnkey brewery asset sale. All the equipment and other pieces are in place to begin brewing.
There are a couple requirements. He is asking for cash and brewery experience. When the BrewFarm was up for sale in 2014, Anderson said he opened for hundreds of showings but to mostly "dreamers and tire-kickers."
This time, Anderson said, he let his brewery license expire. He earned a master's degree in servant leadership from Viterbo University in La Crosse, where he will relocate. His area of interest is the ethics of Artificial Intelligence in education and health care.
"That's a gear shift for you," he
...More info on site
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USA, CO: Brewpub group C.B. & Potts closes down four of its Colorado locations
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C.B. & Potts, which has been serving beer and burgers to generations of Coloradans, has permanently closed the doors to four of its five Colorado locations: two in Fort Collins, one in Westminster and one in Colorado Springs. The remaining location, a restaurant at the Collindale Golf Course in Fort Collins, has been sold, though it will keep the C.B. & Potts name for the time being.
The brewpub group is one of the oldest in Colorado and has been a stalwart for Colorado State University students and teachers for decades, as well as a breeding ground for brewers and award-winning beers.
"C.B. & Potts began as a little college pub on West Elizabeth, two blocks from CSU, in 1974. The early days featured 'cook-your-own' burgers and steaks," emails Jeff Iverson, Jr., who heads the Washington-based RAM Restaurant Group, a family-run business that founded and owns C.B. & Potts.
"In 1995, the brand expanded south to Greenwood Village, where Potts began to brew its own award-winning craft beer," he adds. The brand later expanded to Cheyenne, Westminster, Highlands Ranch, Broomfield, Greenwood Village, Breckenridge and Colorado Springs, brewing beer at at least two of those locations.
Iverson declined to discuss the reason for the closures,
...More info on site
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World: Impact of corona crisis on beer and malt industry now mostly under control in Asia and Europe - analysts
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The impact of the corona crisis on the beer and malt industry has been serious, but is now mostly under control in Asia and
...More info on site
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World: Barley trade forecast increased to 25.688 mln tonnes in USDA’s July report
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The forecast for the global barley trade in 2020/21 is slightly up in USDA’s July report, at 25.688 mln tonnes vs. 25.288 mln in
...More info on site
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Germany: Wheat, winter barley harvest expected to decline this year
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Germany’s 2020 wheat harvest will fall 2.6% on the year to 22.46 million tonnes, but crops have benefited from recent rain, the country’s association
...More info on site
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EU: Spring barley yield forecasts improve remarkably in recent weeks
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Planting of spring barley took place later than in recent years in the EU, spring conditions were variable and included frost and heat, wet
...More info on site
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UK: Heineken under fire for extending shelf life of all its kegged beer sent to pubs
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Heineken has significantly extended the shelf life of all its kegged beer sent to pubs – months after pubs were advised to destroy millions of litres of beer in their cellars, The Grocer reported on July 13.
The brewing giant this week drew criticism online from on-trade sources, who received kegs of beer with June sell-by dates that had simply been extended to later in the year.
One source in the beer supply chain to pubs told the Grocer: “I have one customer who spent three days pouring away 30 barrels of beer, then his first delivery that arrived last week has had a shorter date on it than what he destroyed”.
Last month the British Beer & Pub Association mounted a massive campaign, backed by the likes of Heineken, AB InBev and Molson Coors, to help pub operators destroy unsaleable beer and claim back duty.
A Heineken spokeswoman stressed the brewer could only ensure the quality of beer that was already in its network.
“The keg beer that exists in our network has been kept in optimum conditions and what’s more, has been benchmarked against reference samples to ensure it is still top quality,” she said.
“We know our beer and ciders in
...More info on site
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Australia: Carlton & United Breweries offering pubs and bars forced to shut down in Melbourne extended credit for two months
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Asahi's newly acquired Carlton & United Breweries beer business is offering pubs and bars forced to shut down in Melbourne extended credit for two months as the beer giant endures a new hit to sales in its home base heartland, The Australian Financial Review reported on July 15.
Arch-rival Lion is also suffering a sharp sales slump in Melbourne.
CUB chief executive Peter Filipovic on July 15 sent a letter to pubs and bars saying "approved customers who purchased draught beer in areas under lockdown will be provided 8 weeks of extended credit''.
But CUB has stopped short this time of providing a keg return service, unlike the first national lockdown in late March in which it provided refunds for 100,000 kegs.
Mr Filipovic also advised that CUB would match rival Lion in absorbing the government-mandated August 1 increase in CPI-linked excise which normally lifts beer prices twice-yearly. "This price freeze applies to all our Australian customers,'' he said.
Lion earlier this week told hospitality industry customers there would be "no changes to our list prices for pack and draught beer and cider for the remainder of the year”.
Both of the big beer companies have been partially buoyed by rising sales in Queensland, with that
...More info on site
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South Korea: Diageo launches lower alcohol content whiskey
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Diageo Korea said on July 13 that it has launched two new products, W 19 and W Honey, the first spirits in the local industry with just 32.5 percent alcohol by volume, The Korea Herald reported.
The liquor maker said it had decided to lower the alcohol content of the new products to meet the rising demand for drinks that are less than full strength, as the drinking culture is rapidly changing here.
Both drinks have the optimal strength for consumers in their 30s and 40s who value smoothness and new flavors, the company said.
W 19 is made of Scotch whisky that has been aged for 19 years, and W Honey also contains honey made from Scottish heather, according to the company.
“W 19 and W Honey maximize the value of spirit drinks with lower alcohol content. They are premium spirit drinks that offer smoothness, which the low ABV of 32.5 percent can offer, as well as rich flavors that are crafted by blending the best liquids,” Diageo Korea CEO Robert Rhee said.
“We expect the launch of the two innovative brands to reinvigorate the stagnant local market.”
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World: Johnnie Walker scotch whisky to be available in plastic-free bottles from early 2021
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Johnnie Walker scotch whisky will be available in plastic-free bottles from early 2021, Diageo Plc said on July 13, as the world’s biggest spirits maker ramps up efforts to tackle plastic waste, Reuters reported.
The new bottle, developed in partnership with venture management company Pilot Lite, will be made from wood pulp that meets food grade standards and is fully recyclable, the Guinness and Tanqueray Gin maker said.
Diageo and Pilot Lite have launched a sustainable packaging company called Pulpex Ltd to develop the paper bottle and collaborate on research and development.
Pulpex will also create branded paper-bottles in non-competing categories for companies including Lipton team maker Unilever Plc and soda maker PepsiCo, which are also expected to launch next year.
Consumer product companies have come under increased scrutiny for the amount of plastic they use in packaging food and other household items. In Europe, for example, 8.2 million tonnes of plastic were used to package food and drink in 2018, according to ING analysts.
Diageo uses less than 5% of plastic in its total packaging, but along with Unilever and PepsiCo, has set targets to reduce and recycle plastic in their packaging as part of the United Nations Sustainable Development Goals program by 2025.
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Belgium: Trappist monks strike a payments solution deal to meet increased demand for their Westvleteren beer
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Ingenico Group, the global leader in seamless payments, announced on July 13 its partnership with the Saint-Sixtus Abbey, brewers of the Trappist Westvleteren, to provide a global payments solution that supports the increased international demand for its award-winning beer.
The monks of the Saint-Sixtus Abbey began brewing beer alongside their monastic activities in 1839, to become more self-supportive. All beers carry the label of “Authentic Trappist Product”, which means it is brewed within the walls of a Trappist monastery under the control of the community of monks. The production is limited and is the only source of income to cover their annual costs, sponsorships of charitable initiatives, and social projects.
Interest in Trappist Westvleteren remained modest until 2005, when a user-driven ranking website for craft beer enthusiasts named it as the best beer in the world. It has since been awarded the title four more times and was named as one of the top beers in the world for taste, putting it on the map for international beer lovers.
However, due to a combination of this growing demand and its limited stock, the Abbey faced a number of issues with customers stockpiling products and selling them on for much higher prices.
To put an
...More info on site
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South Africa: Government reinstates ban on domestic alcohol sales
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The South African government has reinstated its controversial ban on domestic alcohol sales as the industry reports revenue loss of R18 billion (£852.8 million), The Drinks Business reported on July 13.
Addressing the nation on July 12, President Cyril Ramaphosa said the decision had been made in order to free-up hospital beds occupied by those suffering from alcohol-related traumas.
“As we head towards the peak of infections, it is vital that we do not burden our clinics and hospitals with alcohol-related injuries that could have been avoided,” he said.
“This is a fight to save every life, and we need to save every bed. We have therefore decided that in order to conserve hospital capacity, the sale, dispensing and distribution of alcohol will be suspended with immediate effect.”
He added that there was now “clear evidence” that a resumption of alcohol sales “has resulted in substantial pressure being put on hospitals, including trauma and ICU units, due to motor vehicle accidents, violence and related trauma”.
South African industry groups including the South African Liquor Brandowners’ Association (SALBA), the Beer Association of South Africa (BASA), VinPro, Liquor Traders Association of South Africa (LTASA) and the Liquor Traders Council of South Africa (LTCSA) said the resumption of
...More info on site
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