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E-Malt.com NewsLetter
Newsletter Summary

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 25a
June 21 - June 23, 2021


Quote of the Week

No soldier can fight unless he is properly fed on beef and beer.
John Churchill, First Duke of Marlborough

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Currency Rates


Base Currency: US Dollar
on June 23, 2021
Base Currency: Canadian Dollar
on June 23, 2021
      1 USD = 0.8393 EUR
1 USD = 0.7186 GBP
1 USD = 1.2359 CAD
1 USD = 1.3285 AUD
1 USD = 110.5300 JPY
1 USD = 5.0010 BRL
1 USD = 73.0499 RUB
1 USD = 6.4730 CNY
      1 CAD = 0.8090 USD
1 CAD = 0.5813 GBP
1 CAD = 0.6790 EUR
1 CAD = 1.0748 AUD
1 CAD = 89.4200 JPY
1 CAD = 4.0458 BRL
1 CAD = 59.0973 RUB
1 CAD = 5.2366 CNY

Currency Rates Chart


Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Barley news Canada: Barley and malt exports forecast for 2020-21 revised upwards ...Click here
Brewery news Canada, ON: Haven Brewing Co. purchases High Road Brewing ...Click here
Brewery news USA, CA: Lucky Luke Brewery to take over Wolf Creek Brewery’s Ly Canyon Loop site in Valencia ...Click here
Brewery news Canada, AB: Big Rock Brewery completes sale of its Etobicoke assets ...Click here
Brewery news USA, SD: Platte Creek Brewing Company aiming to put Geddes on the South Dakota craft beer radar ...Click here
Brewery news USA, MN: Warrior Brewing Company holds its first beer canning ...Click here
World News
Brewery news World: Budweiser leads the list of world’s most valuable beer brands this year ...Click here
Brewery news India & the Netherlands: Heineken takes control of United Breweries ...Click here
Brewery news Italy: Beer production drops by 8.4% in 2020 ...Click here
Brewery news India & the Netherlands: Competition Commission of India approves additional stake acquisition in United Breweries by Heineken ...Click here
Barley news China: Grain and bean imports running at high speed despite large local crops ...Click here
Barley news EU: Malting barley supply and demand balance still looks tight ...Click here
Brewery news India: Banks to sell Vijay Mallya’s shareholdings in United Breweries Limited, United Spirits Limited and McDowell Holding Limited on June 23 ...Click here
Barley news EU: Barley, wheat, maize yields to increase this year, MARS says ...Click here
Brewery news The Philippines: San Miguel Corp. to issue first tranche of P50-billion fixed-rate bonds next month ...Click here
Brewery news Singapore: ThaiBev yet to review proposed spin-off listing of BeerCo ...Click here
Brewery news India & the Netherlands: SEBI exempts Heineken from open offer obligation in United Breweries case ...Click here
Hops news UK: Farmers and brewers team up to explore hop varieties for sustainable beer market ...Click here
Brewery news Spain: Mahou San Miguel the beer of choice across most regions in Spain ...Click here
Whisky news India: United Spirits launches premium craft whisky ...Click here
Graph of the Week


Table of the Week

EU Barley Crop 2018 - 2021f


Table of the week.

Prices Evolution

Prices evolution

Barley Prices



Theoretical Malt Prices



These Days in Business History


21 June
1948 - One of the world's earliest modern computers, the Small-Scale Experimental Machine runs its first program successfully, proving that it can store data and user programs and process them at electronic speed
1990 - After decades of closure, the Budapest Stock Exchange reopens for trading

22 June
1775 - US Congress authorizes the first issuance of Continental Currency, or U.S. paper money
1899 - Michal Kalecki is born, Polish economist
2009 - Eastman Kodak Company announces that it will discontinue sales of the Kodachrome Color Film, concluding its 74-year run as a photography icon

23 June
1848 - Antoine Joseph Sax patents Saxophone
1907 - James Meade, English Economist


Agenda

June 2021:
30 - 30: International Beer Strategies Roundtable Forum 2021 (Online)

August 2021:
13 - 14: Beervana 2021 (Wellington, New Zealand)
24 - 28: 2nd VLB Africa Brewing Conference (Online)

September 2021:
09 - 12: Craft Brewers Conference & BrewExpo America 2021 (Denver, Colorado, USA)
16 - 18: Zurich Bier Festival 2021 (Zurich, Switzerland)
21 - 23: 11th Ibero-American VLB Symposium (Online)
22 - 24: Beer and Soft Drinks Industry 2021 (Kyiv, Ukraine)
23 - 25: Stockholm Beer & Whisky Festival 2021 (Stockholm, Sweden)
30 - 02 October: Stockholm Beer & Whisky Festival 2021 (Stockholm, Sweden)

October 2021:
07 - 10: Mondial de la Biere 2021 (Montreal, Canada)
13 - 15: Drink Japan 2021 (Makuhari Messe, Japan)
17 - 20: 14th International Trends in Brewing 'Beer & Society' 2021 (Leuven, Belgium)
18 - 20: Expo Antad & Alimentaria Mexico 2021 (Mexico City, Mexico)
20 - 22: drink technology India 2021 (Mumbai, India)
22 - 23: Copenhagen Beer Festival 2021 (Copenhagen, Denmark)

November 2021:
03 - 06: VIETFOOD & BEVERAGE - VIETNAM 2021 (Ho Chi Minh City, Vietnam)
04 - 05: Sea Brew 2021 (Taipei, Taiwan)

December 2021:
07 - 08: Brewers Congress 2021 (The Brewery, 52 Chiswell Street, London, UK)

February 2022:
11 - 14: HoReCa 2022 (Athens, Greece)
15 - 17: Brasil Brau 2022 (Sao Paulo, Brazil)
20 - 23: Beer & Food Attraction 2022 (Rimini Expo Centre, Rimini, Italy)

March 2022:
09 - 12: Festival Brasileiro da Cerveja 2022 (Blumenau, Brazil)
29 - 31: Beviale Moscow 2022 (Moscow, Russia)

April 2022:
01 - 01: Zythos Beer Festival 2022 (exact dates to be confirmed) (Leuven, Belgium)

May 2022:
05 - 05: World Beer Cup 2022 (USA)
11 - 13: Craft Beer China 2022 (Shanghai, China)
29 - 01 June: The Brewers of Europe Forum & 38th EBC Congress (Madrid, Spain)

June 2022:
07 - 08: Bev Expo 2022 (Manchester, UK)
10 - 11: Tallinn Craft Beer Weekend 2022 (Tallinn, Estonia)

More events are available on site e-malt.com

News Articles


Barley newsCanada: Barley and malt exports forecast for 2020-21 revised upwards
For 2020-21, Canada’s combined exports of raw barley grain and grain equivalent of malt are revised upwards to 4.3 million tonnes (mln tonnes) on ...More info on site


Brewery news Canada, ON: Haven Brewing Co. purchases High Road Brewing
Haven Brewing Co. has announced that it has purchased High Road Brewing, a contract brewer best known for its Bronan IPA brand, the Canadian Beer News reported on June 18.

In an interview with PTBO Today, Haven co-owner Nathan Anker said that “being able to bring in an already established brand was a no brainer from a business standpoint.”

High Road Brewing was launched in 2015 by Curtis Bentley and Rob Doyle, two experience brewers who decided to start their own company while working together at Mill Street Brewery. Their Bronan IPA was one of the first New England style IPAs to be brewed commercially in Ontario, and was most recently being brewed for them at Equals Brewing in London.

Haven Brewing is the latest iteration of the brewery that was founded in 2014 by brewmaster Graham Smith, his brother Randy, and Randy’s wife Kelly as Smithworks Brewing, located in a building that had previously been home to Kawartha Lakes Brewery. The Smiths renamed the brewery to Smithavens Brewing in 2016 due to a legal issue, and sold the company to brothers Nathan and Andrew Anker in April 2020, with the name change to Haven Brewing taking place earlier this year.


Brewery news USA, CA: Lucky Luke Brewery to take over Wolf Creek Brewery’s Ly Canyon Loop site in Valencia
Wolf Creek Brewery announced this week that Lucky Luke Brewery will take over at the brewery’s Ly Canyon Loop site in Valencia, the California News Times reported on June 20.

Founded in 1997, Wolf Creek Brewery opened its doors as one of the first breweries in LA County and has since established one production brewery and one full-service restaurant.

Wolf Creek owners Rob and Rina McFeren started talking to Lucky Luke in early 2020 to discuss retirement plans, and Lucky Luke bought a brewery site a few years later.

Rob McFeren became ill in 2020 and died of cancer in December.

“We’ve had a great life in the craft beer community for over 24 years, and it’s finally time to hand over the torch,” Laina McFerren said in a prepared statement. “Rob knows that Lucky Luke wants to inherit the legacy of delicious craft beer in this space and give it back to the community that has supported us for many years.”

Lucky Luke started in Palmdale in 2015 and expanded to Lancaster’s second location in the spring of 2019 with a full-service restaurant. The acquisition will make Lucky Luke a third place, allowing it to produce 10 times more beer than its current production ...More info on site


Brewery news Canada, AB: Big Rock Brewery completes sale of its Etobicoke assets
Big Rock Brewery Inc. announced on June 18 the closing of the sale of its Etobicoke assets and assignment of its related lease obligations to a private counterparty for total cash consideration of C$2.1 million, net of transaction costs.

The cash proceeds will be used to make full repayment of the corporation's equipment lease liabilities associated with the Etobicoke assets, in addition to increasing the Big Rock’s 2021 capital budget related to its information technology and digital transformation initiatives.

The company will continue to meet market demand in Ontario through utilization of its brewing assets at its Toronto Liberty Commons location.


Brewery news USA, SD: Platte Creek Brewing Company aiming to put Geddes on the South Dakota craft beer radar
It’s already a destination for those looking for the Missouri River, camping and small-town food.

And now Platte Creek Brewing Company is aiming to put Geddes on the South Dakota craft beer radar, as well. Doug Dykstra, who has started the business with his wife, JoEllen, believes Geddes — population roughly 250 — is the smallest community in South Dakota with a craft brewery. The brewery’s taproom opened in May and hopes to start serving its own local beers in July, The Daily Republic reported on June 18.

Dykstra said it was those factors — the river and the nearby campgrounds and a couple of popular restaurants — that made him believe Geddes would be a good spot for the business, and he said Platte Creek is hoping to add to those offerings.

“If you come into town on a weeknight or on a weekend at night, there’s all kinds of vehicles on Main Street. It just has this draw,” he said. “We have two other establishments that have great meals, and so we know we have to be a little different than those. But that draw is what brings people into Geddes.”

The idea started about five years ago when the Dykstra family ...More info on site


Brewery news USA, MN: Warrior Brewing Company holds its first beer canning
For two veterans ideas were brewing up for the past seven months, FOX21 reported on June 21.

Warrior Brewing Company in Duluth held their first canning of three unique beers. Local owners, Matt Caple and Ben Gipson met in the brewing industry while raising funds for veteran organizations.

They came together with a plan seven months ago and are ready for distribution. A portion of their profits will be donated to local veteran groups.

“Every month we’re gonna actually showcase a different veteran support group,” said co-owner Matt Caple. “This month we’re gonna have “strong compass” come in and they’re gonna help us brew up the barbarian which is our imperial stout, and then we’re going to barrel age it for a few months. And then those proceeds will go directly back to that organization.”

Warrior Brewing is offering a Barbarian Imperial Stout, Valkyrie Golden Honey Ale, and Patriot Lactose IPA. All three craft beers offer something different in flavor.

“It’s a big relief how that it’s finally in the can and everything is good to go,” said co-owner Ben Gipson. “Super excited about it.”

Warrior Brewing Company will be distributing beers to local grocery and liquor stores in Wisconsin and Minnesota. The brewing company also ...More info on site


Brewery newsWorld: Budweiser leads the list of world’s most valuable beer brands this year
Consumers worldwide have become increasingly interested in products with local provenance. They see “buying local” as a chance to virtuously support their own community ...More info on site


Brewery newsIndia & the Netherlands: Heineken takes control of United Breweries
Heineken NV, the world’s second largest beer maker, has taken control of India’s largest brewer United Breweries Limited (UBL), cementing its position in a ...More info on site


Brewery newsItaly: Beer production drops by 8.4% in 2020
The impact of COVID-19 on out-of-home consumption caused beer production in Italy to drop by 8.4% in 2020, to 15.82 million hectolitres (hl), new ...More info on site


Brewery newsIndia & the Netherlands: Competition Commission of India approves additional stake acquisition in United Breweries by Heineken
The Competition Commission of India (CCI) has approved the additional equity stake acquisition in United Breweries by Heineken International B.V., IANS reported on June ...More info on site


Barley newsChina: Grain and bean imports running at high speed despite large local crops
Although Chinese official crop and grain stocks numbers are large, grain and bean imports run at high speed, H. M. Gauger GmbH reported earlier ...More info on site


Barley newsEU: Malting barley supply and demand balance still looks tight
Among the leading spring malting barley producing countries in the EU, only France, Denmark, and Sweden are expected to report surplus quantities after covering ...More info on site


Brewery newsIndia: Banks to sell Vijay Mallya’s shareholdings in United Breweries Limited, United Spirits Limited and McDowell Holding Limited on June 23
A clutch of banks led by India’s largest lender, State Bank of India (SBI), is preparing to sell fugitive businessman Vijay Mallya’s shareholdings in ...More info on site


Barley newsEU: Barley, wheat, maize yields to increase this year, MARS says
The soft wheat yield in this year's European Union harvest is expected to reach 6.01 tonnes per hectare (t/ha), up from 5.91 t/ha projected ...More info on site


Brewery news The Philippines: San Miguel Corp. to issue first tranche of P50-billion fixed-rate bonds next month
San Miguel Corp. (SMC) said that it will be issuing the P30-billion first tranche of its shelf-registered P50-billion fixed-rate bonds next month, BusinessWorld Online reported on June 22.

The first tranche consists of P20-billion fixed-rate bonds, with an oversubscription option of up to P10 billion. It is comprised of six-year Series I bonds due 2027 with a 3.3832% per annum rate with a put option or repricing on the third year and optional redemption on the fourth year or the fifth year.

“The bonds will be listed in the Philippine Dealing & Exchange Corp. on the issue date, July 8, 2021,” SMC said in a disclosure to the stock exchange on June 22.

Meanwhile, the offer period will run from June 22 until June 28 at 5 p.m., or any other date agreed between San Miguel and its joint lead underwriters and bookrunners.

San Miguel received approval for the registration statement of the company’s shelf-registration of P50-billion fixed-rate bonds and the permit to sell the first tranche from the Securities and Exchange Commission dated June 21.

The Philippine Rating Services Corp. gave the offer bonds a PRS Aaa rating, the highest corporate credit rating on the PRS scale, which means the company has a “very ...More info on site


Brewery news Singapore: ThaiBev yet to review proposed spin-off listing of BeerCo
Thai Beverage has yet to review the proposed spin-off listing of BeerCo after the plan was deferred last 16 April, the Singapore Business Review reported on June 22.

The company deferred the listing over uncertain market conditions and volatile outlook, worsened by the pandemic that hit Thailand.

“ThaiBev continues to believe that BeerCo's position as one of the leading beer players in Southeast Asia and its growth potential offer a distinct and compelling growth story,” the company said in response to queries.

The company said it is closely monitoring market conditions and explore opportunities.

“The Proposed Spin-off Listing will be reviewed at the appropriate time by ThaiBev with its advisors,” the company also said.

It has yet to determine the offer price for the initial public offering as well as whether ThaiBev shareholders will be allowed to participate directly or indirectly in the IPO.

The company noted the use of proceeds may also differ from what was initially announced last February.

“ThaiBev continues to maintain the view that the Proposed Spin-off Listing, at the appropriate time and under the right circumstances, would be in the interests of Shareholders.”


Brewery news India & the Netherlands: SEBI exempts Heineken from open offer obligation in United Breweries case
The Securities and Exchange Board of India (SEBI) on June 22 granted an open offer exemption to Heineken International for acquiring additional stake in United Breweries, CNBC TV reported.

According to SEBI, Heineken International had sought exemption from an open offer on June 7 and June 20, which was for a proposed acquisition of a maximum 3.96 crore equity shares (14.99%) of United Breweries.

Heineken International currently holds about 9.28 percent stake in United Breweries and after the proposed transaction, its stake will go all the way up to 24.27 percent.

The matter was referred to the panel of experts (takeover panel) by SEBI. Since the recovery officer was in possession of the shares pursuant to the order of Debt Recovery Tribunal and the applicant (Heineken International) is already a promoter and is in control of the company, SEBI’s takeover panel advised in favour of granting an open offer emption.

SEBI’s takeover panel also considered giving Heineken International an exemption from open offer requirement in light of public interest since the transaction would also help public sector banks recover their dues.

The Competition Commission Of India (CCI), on June 21 also approved additional stake purchase in United Breweries by Heineken International.

United Breweries is engaged in ...More info on site


Hops news UK: Farmers and brewers team up to explore hop varieties for sustainable beer market
Farmers and brewers are teaming up to begin a three-year trial to identify disease resistant hop varieties to feed UK demand for low-impact beer, FarmingUK reported on June 22.

Brewers and hop merchants say demand for environmentally friendly beer and locally-sourced ingredients has accelerated since the pandemic.

But there is a lack of UK-grown organic hops, with currently only three such growers supplying the market.

Hops are notoriously vulnerable to disease and pests in the UK’s temperate climate, leaving conventional growers heavily reliant on a dwindling number of agro-chemicals, and organic growers facing two-in-five crop failures.

To tackle this issue, the field lab, run through the Innovative Farmers programme, is bringing hop growers together with the Organic Research Centre to co-design practical on-farm research.

“UK-grown organic hops are very difficult to get hold of," said Greg Pilley, field lab coordinator and founder of Stroud Brewery, one of only five dedicated organic breweries in the UK.

"The challenge of growing them is the largest barrier to increasing production of UK organic beer.

“By collaborating as a supply chain, we’re aiming to identify varieties that farmers can grow more confidently.

"As a brewer I’d like to have regular UK supplies of organic hops – there is also a huge variety ...More info on site


Brewery news Spain: Mahou San Miguel the beer of choice across most regions in Spain
During 2020 and the coronavirus pandemic beer consumption fell in Spain although many people tested out what was the best beer at home, the Euro Weekly News reported on June 22.

The ongoing coronavirus pandemic saw beer consumption fall by two litres per person in 2020, and come in at a still staggering 50 litres each. While the hospitality industry saw their businesses hit, beer consumption at home soared.

Spaniards drank a staggering 20.4 million hectolitres of beer which had been bought in shops and supermarkets across Spain to be drunk in the comfort of people’s own homes.

The Spanish Brewers’ Association reports that 83.4 per cent of adults in Spain drink beer, and this is just the percentage of those that admit to it.

Spain has many different beers of exceptional quality and the sales battle is on between the brands in the different autonomous communities. Each autonomous community in Spain seems to have their own preferred beer.

Madrid sees Mahou as the beer of choice while in Galicia, first choice has to be Estrella.

According to Kantar’s Brand Footprint 2021 study, as reported by El Espanol: “the Mahou San Miguel brand is the leader in the regions of Asturias, Baleares, Castilla y León, Castilla-La ...More info on site


Whisky news India: United Spirits launches premium craft whisky
Liquor major United Spirits Ltd. (USL), owned by British Diageo Plc, has launched United’s Epitome Reserve - a premium craft whisky that sets the stage for the company’s entry into the craft spirits market that has gained popularity among India’s young, urban tipplers, Livemint reported on June 21.

Epitome Reserve is priced at par with USL’s high-end imported scotch whiskies, the company said. These bottles are available on request or in very select premium outlets. Only 2,000 such bottles are available in the first batch.

Epitome Reserve is a small batch, craft, artisanal whisky made of 100% rice. It is also the most premium Indian whisky sold by USL in the country.

The launch is set to capitalise on growing demand for premium spirits and locally crafted spirits in India, said Deepika Warrier, chief marketing officer, Diageo India.

“Over the last year and a half, we've seen that consumers—in the absence of being able to travel or socialise or go out and have the best food and beverage experiences—have been experimenting with premium spirits at home with do-it-yourself or DIY experiences. That has become part of small, intimate celebrations and they are just savouring and experiencing new kinds of liquids," Warrier said.

This is particularly ...More info on site


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