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E-Malt.com Newsletter 26b
July 01 - July 04, 2021
Quote of the Week
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Currency Rates
Base Currency: US Dollar
on July 02, 2021 |
Base Currency: Canadian Dollar
on July 02, 2021 |
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1 USD = 0.8436 EUR
1 USD = 0.7251 GBP
1 USD = 1.2410 CAD
1 USD = 1.3364 AUD
1 USD = 111.3800 JPY
1 USD = 4.9966 BRL
1 USD = 73.1745 RUB
1 USD = 6.4631 CNY
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1 CAD = 0.8057 USD
1 CAD = 0.5842 GBP
1 CAD = 0.6797 EUR
1 CAD = 1.0768 AUD
1 CAD = 89.7400 JPY
1 CAD = 4.0258 BRL
1 CAD = 58.9565 RUB
1 CAD = 5.2073 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: Constellation Brands boosts full-year forecast after quarterly beer sales increase 14%
...Click here
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Canada: Canada barley seeded area estimate below March forecast
...Click here
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USA, MI: Michigan's beer industry supported more than 66,000 jobs in 2020
...Click here
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USA, WI: Littleport Brewing to celebrate its grand opening in Racine in July
...Click here
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USA, NJ: Flounder Brewery already open in Hillsborough
...Click here
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USA, KS: Limitless Brewing plans approved by Lenexa Planning Commission
...Click here
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USA, SC: Clemson’s first brewery Kite Hill Brewing Co to open its doors on July 4
...Click here
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USA, SC: Crafty Cats Brewing to officially open its brewery space on July 3
...Click here
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Asia Pacific: Alcohol sales expected to gain over 2% in volume by the end of 2021
...Click here
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Australia: Feed barley exports increase by 32%, malting drop by 11% in May
...Click here
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Nigeria: Guinness Nigeria purchases industrial asset in Ikeja to scale up its operations
...Click here
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France: Winter barley harvest shows little progress this week
...Click here
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Graph of the Week
Table of the Week
Germany Hops Area 2020 - 2021s
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
01 July
1875 - Universal Postal Union established
1916 - Coca-Cola brings current coke formula to the market
02 July
1889 - To regulate commercial trusts and monopolies, Congress passes the Sherman Antitrust Act, which outlaws any "combination or conspiracy in restraint of trade"
1921 - 1st million dollar gate ($1.7m) boxing match (Dempsey KOs Carpentier)
1957 - 1st submarine designed to fire guided missiles launched, Grayback
03 July
1790 - In Paris, the marquis of Condorcet proposed granting civil rights to women
1878 - John Wise flew the first dirigible in Lancaster, PA
1886 - 1st New York Tribune printing using 1st commercial linotype machine
1886 - In Germany, Karl Benz drives 1st automobile
1903 - The first cable across the Pacific Ocean was spliced between Honolulu, Midway, Guam and Manila
1928 - 1st color TV broadcast in London (John Logic Baird)
04 July
1776 - The U.S. declared independence from Great Britain
1876 - 1st public exhibition of electric light in SF
1884 - The Statue of Liberty was presented to the United States in Paris
1886 - 1st scheduled transcontinental passenger train reaches Pt Moody, BC
1952 - Canadain Currency, Mint and Exchange Fund Act allows gold coins of $5, $10, and $20 to be minted
1997 - NASA's Pathfinder space probe lands on the surface of Mars
Agenda
June 2021:
30 - 30: International Beer Strategies Roundtable Forum 2021 (Online)
July 2021:
22 - 24: InnBrew 2021 (Barcelona, Spain)
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)
News Articles
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USA: Constellation Brands boosts full-year forecast after quarterly beer sales increase 14%
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Constellation Brands stock rose on June 30 after the spirits maker boosted its full-year forecast.
Constellation said it lost $908.1 million, or $4.74 a share in its fiscal first quarter, compared with a 94-cent loss in the year-ago period. On an adjusted basis, which strips out nonrecurring items, earnings per share were $2.33. Revenue climbed 3.3% to $2.03 billion. Analysts were looking for EPS of $2.35 on revenue of $2.02 billion.
For the full year, Constellation now expects to earn an adjusted $10 to $10.30 a share in fiscal 2022, up from a previous range of $9.95 to $10.25 a share and above the $10.06 consensus estimate.
Constellation stock rose 1.3% to $234 in recent trading.
Although profits were slightly below expectations, strong sales were a theme in the quarter. Beer sales, including its Corona and Modelo brands, were up 14% year over year to $1.57 billion, offsetting a 22% decline in sales of wine and spirits. Beer depletions, which track how quickly beer leaves the distributor for retailers, were a robust 10.7%, nearly mirroring pre-pandemic levels. Constellation expects beer sales to climb between 7% and 9% for the full year.
The company said it also plans an incremental $500 million in share
...More info on site
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USA: Beer sales heat up ahead of July 4th holiday
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While there continues to be so much focus on the still hot hard seltzer market, it's good old-fashioned beer sales that arguably deserve some more attention as the demand for suds picks back up amid the reopening of bars and restaurants from the depths of the COVID-19 pandemic, Yahoo Finance reported on July 1.
"On-premise draft beer trends continue to improve," pointed out Goldman Sachs analyst Jason English in a note on July 1 looking at re-opening trends in the U.S. economy. To make his observation, English's team sliced and diced new data out of tech insights company BeerBoard. The outfit's technology assesses about $1 billion in bar sales and 60,000 products across the U.S.
English found that the percent of locations open and pouring beer stood at 92% for the weekend of June 17 to 20, up from 90% in January. The percentage of taps pouring beer ticked up to 71% for the weekend, up from 70% in the two weekends prior. Total volume of beer served per location rose 1% sequentially nationwide.
That said, the industry has a ways to go to recover fully from the pandemic even with trends moving in the right direction. Total beer volume per location for
...More info on site
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Canada: Canada barley seeded area estimate below March forecast
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Statistics Canada released their updated 2021 seeded area estimates on June 29 putting barley seeded area at 8.296 mln acres (3.36 mln hectares) - an increase of 9.7% over 2020 seeded area, but below their March estimate of 8.613 mln acres (3.49 mln ha). The estimates in their Principal Field Crop Areas June report are based on a survey of producers conducted in May and June.
In their last outlook report on June 17, Agriculture & Agri-Food Canada used average yields of 70 bushels/acre, coupled with earlier StatCan area estimates, to forecast a 12.0 mln tonne barley crop for Canada. Keeping the 70 bushel yield, and using the new area estimates with typical abandonment rates, would imply an 11.5 mln tonne barley crop. However with current severe dryness and heat being experienced across the Prairies, yield prospects in many areas are diminishing quickly, and without precipitation in the very near future Canada’s barley crop may end up below the 2020 output of 10.7 mln tonnes.
The June 2021 Field Crop Survey, which collects information on field crop seeded areas in Canada, was conducted from May 14 to June 11, 2021, with approximately 25,000 farms. They were asked to report their seeded areas
...More info on site
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USA, MI: Michigan's beer industry supported more than 66,000 jobs in 2020
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A new report by the National Beer Wholesalers Association and the Beer Institute found that Michigan's beer industry had an overall economic impact of $9.9 billion in 2020 and supported more than 66,000 jobs at breweries, distributors, retailers and other facilities, the Midland Daily News reported on July 1.
According to the report, Michigan beer distributors employ 4,866 people. The entire beer industry — which includes brewers, distributors, retailers and supporting industries like agriculture, transportation and manufacturing — was found to have this $9.9 billion economic impact, paying more than $2.6 billion in wages in 2020.
Midland Brewing Co. Marketing and Communications Leader Clark Bickham said the brewery was able to make it through the pandemic and increase some sales during the pandemic.
"There was a massive increase in can sales, that was one way to increase sales," Bickham said. "Keg sales were down so we ended up bringing in our own canning line. Our brewers and staff worked canning days and took care of putting them on the pallets and getting them ready for distributors.
"That’s been the biggest change and it’s been a benefit. We’ve been able to work on our own time and not have to work around another
...More info on site
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USA, WI: Littleport Brewing to celebrate its grand opening in Racine in July
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Good things come to those to wait, right?
Just ask Chris and Mark Flynn, who are about to celebrate the grand opening of their Littleport Brewing, 214 Third St. in Racine, in July, OnMilwaukee.com reported on July 1.
The brewery opened to the public in mid-April after the Flynns spent nearly a last decade planning.
“We were overly optimistic, especially me,” says Chris Flynn, as we sit in the office of DP Wigley, across the street from the brewery. “But then we didn't expect the roof to blow off twice and stuff like that.”
The Flynns also own Wigley, which sells plants, essential oils, bird seed and other products in an 1849 mill building along the Root River, The building also houses their home brewing supply store, Hop to It.
The Flynns bought the mill building in 1998 and the stables building that now houses the brewery at the same time.
They installed a U-shaped bar and a brew system smack dab in the middle of the space, adding some tables and some simple decor, while maintaining the original exposed brick walls and structural timbers.
A garage door was added at the entrance and the place was ready.
A beer garden will be installed along the west side
...More info on site
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USA, NJ: Flounder Brewery already open in Hillsborough
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Flounder Brewery held a ribbon cutting on Sunday, June 27 celebrating the official grand opening at their new location on the Carriage Farm property in Hillsborough, Patch.com reported.
"It's really exciting to finally open the new spot, we've had this exact vision for Flounder Brewing's home since we started home brewing over 15 years ago and opened Flounder Brewing 8 years ago. To finally see people sitting in this amazing space enjoying our beers has been a long time coming, and we love it!" said Jeremy Lees, owner of Flounder Brewing.
Lees partnered with Carriage Farm in Hillsborough to expand their product. Flounder moved into one of the barns on the Carriage Farm property at 2 Clerico Lane.
Flounder held a soft opening in early June and now has new hours with no signups required. The new hours are:
Thursday 5 to 8 p.m.
Friday 2 to 9 p.m.
Saturday Noon to 9 p.m.
Sunday Noon to 8 p.m.
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USA, KS: Limitless Brewing plans approved by Lenexa Planning Commission
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Lenexa has advanced preliminary plans for Limitless Brewing to build a new brewery and taproom on 95th Street, the Shawnee Mission Post reported on June 30.
After hearing from about a dozen residents who shared a mix of support and concerns for the project, the Lenexa Planning Commission on Monday, June 28 voted 8-0 to recommend approval of preliminary plans for the small brewery. Commissioner Jason Leib was absent.
Limitless Brewing plans to relocate from its location in an industrial area near 95th and Pflumm to a vacant lot in the neighboring business district down the street. The new brewery and taproom will be located on the southeast corner of West 95th Street and Dice Lane.
The Lenexa City Council will consider the plan at its July 20 meeting.
The Limitless owners are gearing up for a groundbreaking in mid-September. The new facility would enable them to increase production, they say. Plans also include space for large outdoor seating and food trucks parking on the west end of the parking lot.
Here are some design renderings for the project presented to the planning commission:
Emily Mobley, co-owner of Limitless Brewing with her husband, Dave Mobley, said they’re looking forward to the project and taking next steps.
“We’re
...More info on site
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USA, SC: Clemson’s first brewery Kite Hill Brewing Co to open its doors on July 4
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The long wait for Clemson's first brewery is nearly over, the Greenville News reported on July 2.
Kite Hill Brewing Co. will open July 4 weekend in its Patrick Square location off Issaqueena Trail, according to their Facebook page. The brewery is open 5 to 9 p.m. Friday and Saturday, but will hold its grand opening Sunday at noon.
Kite Hill is an easygoing brewery with plenty of indoor and outdoor space. During its soft opening on July 1, families, retirees from the neighboring Patrick Square and a few Clemson University students mingled in Kite Hill's open space with exposed metal, natural wood and soft greens.
It is the brainchild of Bryon Leggett and Bobby Congdon, two Clemson alums who have always dreamed of brewing beer together for the community.
"We've had an amazing amount of encouragement, support from community members that have just been dropping in," Leggett said. "And probably every 15 minutes folks will come to the door to tell us how excited they are."
To open, Kite Hill will offer a limited number of house brews, with plans to expand. Guest taps, cider, wine and soft drinks also are available. Small food items and sandwiches -think elevated bar food - will
...More info on site
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USA, SC: Crafty Cats Brewing to officially open its brewery space on July 3
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Just about a year after announcing its opening in Greenville, the owners of Crafty Cats Brewing are eager to officially open their brewery space July 3, the Greenville Online reported on July 2.
The opening comes after a long year during which owners said COVID-19 delayed approval of their alcohol license.
Now, all is in order, and the beers are on tap at the space located at 1021 S. Main St. The brewery will celebrate its grand opening 4 p.m. - midnight Saturday.
Those beers are infused with creativity, a key trait of owner and head brewer, Aaron Burton’s style. Case in point, the salted maple jalapeno bacon infused stout that has become a surprise hit or the watermelon rind gose, or the cocktail ales, which are made with a beer base and infused with juices to create a cocktail-esque sip.
The brewery is the second phase of the multifaceted Crafty Cats Brewery, Coffee and Tea, of which Burton owns with his wife, Sara. Sara, who grew up in Brazil, brings the tea and coffeehouse piece and Aaron, with over a decade in the brewing business, brings the beer piece.
The tea and coffeehouse opened last August and has been generating a following with its
...More info on site
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Asia Pacific: Alcohol sales expected to gain over 2% in volume by the end of 2021
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Sales of alcohol in Asia Pacific are expected to gain over +2% in volume and over +4% in value by the end of 2021,
...More info on site
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Australia: Feed barley exports increase by 32%, malting drop by 11% in May
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Australia exported 808,285 tonnes of feed barley in May, up 32 per cent from 610,758 tonnes shipped in April, according to the latest export data from the Australian Bureau of Statistics (ABS).
Malting barley exports in May dipped to 66,019 tonnes, down 11pc from the 74,068 tonnes shipped in April, and the sorghum volume also waned over May to 123,424 tonnes, down 16pc from 146,764 tonnes in April.
Flexi Grain pool manager Sam Roache said May showed another strong month of demand for feed barley, with a continuation of business to Middle East and Asian destinations.
“The much-rumoured Iranian barley business has finally shown up on the numbers, with more cargo a possibility considering price spreads and the tight old-crop market in Germany,” Mr Roache said.
“Iran is a premium destination due to financing and execution limitations from certain countries, with the bulk of the Panamax-size execution usually loaded ex Germany.
“Iran hasn’t featured in bulk size ex Australia since 2016 and was sporadic at best before that.”
May shipments to Saudi Arabia have come in on the low side due to limited buying in April-May which followed a stocking up in the first quarter prior to the kingdom’s change to private-enterprise importing.
“We expect Saudi numbers
...More info on site
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Nigeria: Guinness Nigeria purchases industrial asset in Ikeja to scale up its operations
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Guinness Nigeria Plc has acquired a 10-hectare strategic industrial asset in the heart of Ikeja industrial hub as the Diageo subsidiary plans to scale up its operations in Nigeria, The Nation reported on July 2.
The industrial asset is a 10-hectare property in the Ikeja industrial hub of Lagos State. The multi-billion-naira asset which formerly belonged to Universal Steel Limited was acquired by Guinness for the purpose of expanding its operational base in Nigeria.
The acquisition process which kicked off in 2020 was eventually consummated in June 2021. Investment One Financial Services Limited, an investment banking and asset management company arranged the acquisition for Guinness Nigeria from its private clients.
Group Executive Director, Capital Management Division, Ademola Aofolaju, said Investment One played a pivotal role in making the deal happen noting that the deal was very significant to the company as it clearly reaffirms its transactional capabilities.
“Our role was to arrange the sale of the asset on behalf of our private clients. Guinness is acquiring the asset to enlarge its operations in Nigeria. It speaks a lot to our advisory and transactional capabilities that we are able to consummate this deal in the current economic environment. we are proud of the role
...More info on site
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France: Winter barley harvest shows little progress this week
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An estimated 79% of French soft wheat was in good or excellent condition in the week to June 28, unchanged from the previous week, farm office FranceAgriMer said on July 2.
The winter barley harvest showed little progress, with 2% of the crop area cut. That compared with 1% the previous week and is well behind 36% a year earlier, FranceAgrimer said in a cereal report.
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