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Flash Summary
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E-Malt.com Flash 38b
September 19 - September 22, 2013
Quote of the Week
"Success means doing the best we can with what we have. Success is the doing, not the getting; in the trying, not the triumph. Success is a personal standard, reaching for the highest that is in us, becoming all that we can be."
Zig Ziglar
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Currency Rates
Base Currency: Euro
on September 20, 2013 |
Base Currency: US Dollar
on September 20, 2013 |
| |
1 EUR = 1.3534 USD
1 EUR = 0.8410 GBP
1 EUR = 1.3838 CAD
1 EUR = 1.4268 AUD
1 EUR = 133.6980 JPY
1 EUR = 2.9712 BRL
1 EUR = 42.9291 RUB
1 EUR = 8.3175 CNY
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1 USD = 0.7390 EUR
1 USD = 0.6214 GBP
1 USD = 1.0225 CAD
1 USD = 1.0543 AUD
1 USD = 98.7926 JPY
1 USD = 2.1954 BRL
1 USD = 31.7200 RUB
1 USD = 6.1457 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| September 20, 2013 |
| Type |
Crop 2013 |
| EUR |
% |
| 2rs Barley |
187.00-189.00 |  0.53% |
| 6rw Barley |
173.00-175.00 | 0.57% |
| 2rs Malt |
379.50-381.50 | 0.32% |
| 6rw Malt |
362.00-364.00 | 0.34% |
| Feed Barley |
162.00-164.00 | 0.61% |
Note: Just click
here
and you will be led to our Market Price History. These are average French barley market prices estimated on FOB Creil basis. The theoretical average malt prices are based FOB Antwerp being estimated on French malting barley. The changes are compared to last Newsletter's prices. Arrows indicate the direction of the change.
Australia: Beer consumption drops to the lowest since 1945
...Click here
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World: Large crops in EU and Canada to provide for sufficient supplies of both malting and feed barley
...Click here
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Canada: Barley production estimated to be up by 12% in 2013-14
...Click here
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China: Barley crop failures expected to lead to a minimum of 3 mln tons of imports this year
...Click here
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Australia: Barley crops predominantly good in most states
...Click here
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World: Barley surplus could press prices downward this harvest - analyst
...Click here
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India: Court gives UB Group one week to submit report on stake sale to Diageo
...Click here
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Namibia: Namibia Breweries Limited reports higher beer sales volumes in the year to June 30
...Click here
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South Korea: Craft beer does not even appear in statistics yet, but interest in it is phenomenal
...Click here
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Australia: CUB shifts Carlton Cold to mid-strength category
...Click here
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Graph of the week
Table of the week
World Beer Production by Country 2000 - 2012
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
Gushing? Use hops and don't move!
ABSTRACT
It is proposed that primary gushing is caused by, among other things, hydrophobines or alkanes that "trap" CO2 into "nanobombs". Possible gushing supressors therefore have to go into competition with those molecules. J. Titze and his team looked into the suitability of certain hop components to do so. They selected 6 different hop oil components. Though these components showed gushing suppressing activities in the
model tests they also found that this effect can be destroyed with abrupt mechanical agitation. The good news is that different high temperature did not influence the gushing suppressing effects!..so don't move to fast while drinking!
Read more
Source: Barth Innovations
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These Days in Business History
September 19
1849 1st commercial laundry established, in Oaklan, California
1854 Henry Meyer patents sleeping rail car
1876 1st carpet sweeper patented (Melville Bissell of Grand Rapids, Mich)
1887 Dr. Graham Edgar, developer of the octane rating system, was born in Fayetteville, Arkansas, on this day
1888 World's 1st beauty contest (Spa, Belgium)
September 20
1519 Portuguese navigator Ferdinand Magellan sets sail from Spain in an effort to find a western sea route to the rich Spice Islands of Indonesia
1839 1st railroad in Netherland opens (Amsterdam-Haarlem)
1877 Chase National Bank opens in NYC (later merges into Chase Manhattan)
September 21
1784 The first daily newspaper in the United States, the Pennsylvania Packet and Daily Advertiser, begins publishing
1883 1st direct US-Brazil telegraph connection
1931 The day after the Bank of England abandons the gold standard, U.S. stocks tumble
September 22
1893 1st auto built in US (by Duryea brothers) runs in Springfield
1910 England's 1st aircraft flight
1988 Canada begins production of a $5 silver Maple Leaf bullion coin
Agenda
September 2013:
10-12: V Anniversary International Scientific and Practical Conference "Equipment Facilities and Raw Material Base for Malting, Kvass and Beer Brewing Production" (Moscow, Russia)
12-15: Mondial de la Biere (Mulhouse, France)
16-20: Drinktec 2013 (Munich, Germany)
21/09-06/10: Oktoberfest (Munich, Germany)
26-27: New World Malt Barley and Brewers Conference (Toronto, Canada)
26-28: Stockholm Beer and Whisky Festival 2012 (Stockholm, Sweden)
October 2013:
03-05: Stockholm Beer and Whisky Festival 2012 (Stockholm, Sweden)
30/10-01/11: The Latin American Barley Congress (Bahia Blanca, Argentina)
November 2013:
14-17: Mondial de la Biere (Rio de Janeiro, Brazil)
World Beer Cup 2014 key dates:
-Call for Entries: Oct. 28, 2013-Nov. 1, 2013
-Judging: April 7-8, 2014 in Denver, Colorado
-Gala Awards Ceremony: April 11, 2014 in Denver, Colorado
More events are available on site e-malt.com
 Malt News
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World: Malt markets show regular activities
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Malt markets in August showed regular activities, barley covers for LTA domestic and export contracts and malt purchases by medium and small brewers, industry
...More info on site
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Brewery News
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Australia: Beer consumption drops to the lowest since 1945
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Australia's love for beer has sunk to the lowest level since the days of the post-war six o'clock swill, The Sydney Morning Herald reported
...More info on site
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Namibia: Namibia Breweries Limited reports higher beer sales volumes in the year to June 30
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Namibians have continued to love the beer bottle with Namibia Breweries Limited (NBL) announcing on September 19 that overall beer sales volumes on the local market grew at double digits, delivering a 12% growth in the year ended 30 June compared to the previous year, The Namibian reported.
The company said in financial results that the Tafel brand continued to outperform the portfolio and was the main driver of the overall beer growth.
“Windhoek Draught continues to perform well and has also contributed to the overall growth in volumes,” the company said.
SABMiller, NBL’s biggest competitor in Namibia is expected to open a brewery at Okahandja in mid 2015 with an installed capacity of 260 000 hectolitres per annum, which can be expanded to 400 000 hectolitres. SABMiller is investing N$420 million in the brewery.
The results revealed that after tax, profit dropped to N$72 million from N$221 million last year. Revenue increased to N$2,38 billion from N$2,16 billion last year. Revenue increased mainly due to performance of the home market and increased volumes produced and supplied to DHN its South African Joint Venture. Operating profit for the year grew by 17% compared to the previous year.
“The loss from continuing
...More info on site
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South Korea: Craft beer does not even appear in statistics yet, but interest in it is phenomenal
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In a tangle of nondescript alleyways in central Seoul’s Noksapyeong district, a handful of Korean and foreign entrepreneurs are pioneering a new market for homegrown craft beers, The Wall Street Journal reported on September 18.
Hidden opposite a side exit to the U.S. Army’s giant Yongsan garrison is trend-setting brewpub Craftworks Brewing Co. Defying its shabby surroundings, Craftworks’ interior is upscale. The bar’s eight taps pour artisanal ales, wheat beers, lagers and porters — each branded with a Korean name.
Canadian Dan Vroon opened Craftworks with six fellow expats in 2010. The concept: Sell Korean-made North American-style craft beers.
The go-to location for foreign bars in Seoul is Itaewon, the city’s expatriate ghetto a mile away, but Mr. Vroon decided on Noksapyeong for his watering hole. Several small foreign-run bars and restaurants already existed there, spillover from Itaewon, which has gentrified in recent years.
“Rents were overpriced in Itaewon and there was no space,” Mr. Vroon says.
While imported beer sales in South Korea have edged up in recent years, the local market is dominated by a duopoly of giant brewers, Oriental Brewery Co. and Hite-Jinro Co., whose output is exclusively mild, U.S.-style lagers. Mr. Vroon was convinced demand existed among expatriates and Koreans who’d
...More info on site
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Australia: CUB shifts Carlton Cold to mid-strength category
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The shakeup at Carlton & United Breweries continues apace, with the underperforming Carlton Cold brand being shifted from its current form to mid-strength, The Shout reported on September 20.
Currently brewed at four per cent AVB, Cold will be downgraded to 3.5 per cent, as the brewing giant fine-tunes its offering in a beer climate that sees one in five sold in Australia now a mid-strength.
“The new Carlton Cold, along with Carlton Mid and Peroni Leggera now form the three main brews in our mid strength offering,” says CUB’s General Manager of Marketing for Carlton Brands Andrew Meldrum.
The move echoes CUB CEO Ari Mervis’ comments last month that certain brands were due for reworking, and that the CUB beer portfolio needed more clarity in its market targets.
"What we have done is we've identified which brands need to participate in which consumer segments," Mervis said.
CUB last year restored the original 4.9 per cent AVB recipe of its flailing flagship Victoria Bitter product in a successful attempt to reinvigorate the brand, which had lost its crown as the country’s top-selling beer.
Meanwhile, the recent advertising drive that has accompanied Crown Lager’s own reboot has been given another shot in the arm,
...More info on site
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Barley News
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World: Large crops in EU and Canada to provide for sufficient supplies of both malting and feed barley
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IGC’s latest world barley crop estimate is 142 mln tons vs. 139.4 mln tons a year ago.
Large crops in Europe and Canada, good
...More info on site
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Canada: Barley production estimated to be up by 12% in 2013-14
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For 2013-14, Canada’s barley production is estimated to increase by 12% to 9.0 mln tonnes due to record yields. However, due to record low
...More info on site
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EU: Barley crop and exports larger this year
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Conservative private yield and production forecasts for the EU barley output this year are close to the end of August estimates of MARS, the
...More info on site
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China: Barley crop failures expected to lead to a minimum of 3 mln tons of imports this year
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China imported 2.05 mln tons of barley in July/June 2012/13, and so far only 164,000 tons in July of this year, official statistics show.
The
...More info on site
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Australia: Barley crops predominantly good in most states
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Barley crops in all parts of Australia are looking good, except for the dry northern New South Wales and Queensland, industry sources reported earlier
...More info on site
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World: Barley surplus could press prices downward this harvest - analyst
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A surplus of barley on the international market could put downward pressure on prices this harvest, The Weekly Times Now reported on September 19.
RMI
...More info on site
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Whisky News
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India: Court gives UB Group one week to submit report on stake sale to Diageo
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The Karnataka high court on September 17 gave Vijay Mallya’s UB Group one week to submit an audited report on United Breweries Holdings Ltd’s (UBHL’s) stake sale in United Spirits Ltd (USL) to Diageo Plc, Livemint reports.
Five groups of creditors to Kingfisher Airlines Ltd, the UB Group’s grounded airline, have filed winding-up petitions in the Karnataka high court against United Breweries, which has given corporate guarantees worth nearly Rs.9,000 crore for the airline’s debt.
To raise funds, Mallya, through United Breweries and other group companies, agreed in November to sell stake in United Spirits, India’s largest distiller, to Diageo.
Kingfisher’s creditors tried to stop the stake sale, but the high court had allowed United Breweries in May to sell over 13.5 million United Spirits shares to the UK distiller. It had also asked the company to deposit Rs.250 crore in the court related to the winding-up petitions and to submit a detailed report on the sale.
While United Breweries deposited Rs.250 crore with the court it hasn’t yet submitted the complete report. United Breweries also couldn’t sell the entire amount of 13.5 million shares as some UB Group lenders refused to release nearly 3.5 million United Spirits shares that they held as pledge
...More info on site
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