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E-Malt.com Flash 19a May 03 - May 08, 2013
Quote of the Week
"You are never too old to set another goal or to dream a new dream."
C. S. Lewis
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Currency Rates
Base Currency: Euro on May 08, 2013 |
Base Currency: US Dollar on May 08, 2013 |
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1 EUR = 1.3087 USD
1 EUR = 0.8432 GBP
1 EUR = 1.3168 CAD
1 EUR = 1.2832 AUD
1 EUR = 129.7140 JPY
1 EUR = 2.6329 BRL
1 EUR = 40.6474 RUB
1 EUR = 8.1232 CNY
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1 USD = 0.7642 EUR
1 USD = 0.6443 GBP
1 USD = 1.0062 CAD
1 USD = 0.9806 AUD
1 USD = 99.1229 JPY
1 USD = 2.0119 BRL
1 USD = 31.0601 RUB
1 USD = 6.2073 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
May 08, 2013 |
Type |
Crop 2012 |
Crop 2013 |
EUR |
% |
EUR |
% |
2rs Barley |
209.00-211.00 | |
222.00-224.00 | 0.45% |
6rw Barley |
205.00-207.00 | 0.96% |
210.00-212.00 | 1.86% |
2rs Malt |
410.50-412.50 | |
422.50-424.50 | 0.29% |
6rw Malt |
405.50-407.50 | 0.60% |
407.50-409.50 | 1.19% |
Feed Barley |
193.00-195.00 | 2.51% |
nq | |
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.
The Netherlands: Grolsch buys out Kloosterzande Maltings
...Click here
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Belgium & Mexico: AB InBev commences tender offer for all outstanding shares of Grupo Modelo
...Click here
|
Denmark: Carlsberg’s first-quarter profit increases and beats analysts’ estimates
...Click here
|
Canada: Molson Coors’ net profit falls by more than half in the three months to March 30
...Click here
|
USA: Beer sales slow in the month through mid-April
...Click here
|
Japan: Asahi Group reports net loss of ¥1.62 billion for the first quarter
...Click here
|
India: United Breweries’ strong beer portfolio enjoys record sales in 2012-13 FY
...Click here
|
USA: The Boston Beer Company, Inc. reports first quarter 2013 financial results
...Click here
|
China: Enthusiast forecast rapid expansion for craft beer industry in the next five to ten years
...Click here
|
Canada & China: Canada’s Russell Breweries launching a test brewery and brewpub restaurant in Hefei, China this summer
...Click here
|
US & Australia: Sale of GrainCorp to ADM one step closer to completion
...Click here
|
New Zealand: Interest in craft beers continues to grow despite a decline in overall beer market
...Click here
|
Australia: AWB hoping to wind up 2012-13 barley pools by July
...Click here
|
USA: Constellation Brands not expecting big change in Corona and Modelo Especial pricing strategy later this year
...Click here
|
Graph of the week
Table of the week
German Hops Acreage and Production 2006-2012s
Prices Evolution
Barley Prices
Theoretical Malt Prices
Average Seafreight Rates by Destination
Port of Origin: Antwerp, Belgium
Scientific Digest
Contributions of Hop Hard Resins to Beer Quality
ABSTRACT
The brewing value of hops (Humulus lupulus) is primarily attributed to the flavor- and bitter-active compounds found in the resins. These resins are synthesized and accumulated in the lupulin glands of the female hop cones. Early work on the fractionation of hop resins, based on the solubility of resins in various organic solvents, classified them into soft resins and hard resins. The hard resin is mainly composed by oxidation products insoluble in hexane. Hitherto, research has primarily focused on studying the impact on beer properties of the major hop bitter acids (alpha- and beta-acids) present in the soft resin. Therefore, little information is available on the functionality of the hard resin and for years it has been considered of no brewing value. Further the exact role of the hard resins in the brewing process is not well understood. For these reasons, a detailed study of the hard resins contributions to beer quality was performed. Brewing trials were conducted in which hop pellets were replaced with resin rich extracts. Thereby it was possible to establish the brewing potential of the hop hard resin. There is evidence to suggest that further degradation products were formed upon vigorous boiling of the hard resin. It is believed that upon extended storage periods these ultimate oxidation products are also formed. From the analytical data it was established that the hard resins positively contribute to the foam stabilizing properties. Furthermore, in the different sensory evaluations of the fresh beers, the hard resins proved to impact all analyzed attributes. With increasing hard resin concentrations, higher bitter intensities were recorded. The perceived bitterness of the hard resin beers suggested that the hard resins have a high bittering potential. Finally, at high hard resin concentrations a pleasant bitterness was produced and the overall flavor stability of the beers was high.
Read more
Source: Barth Innovations
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These Days in Business History
May 3
1830 1st regular steam train passenger service starts
1919 America's 1st passenger flight (New York - Atlantic City)
1965 1st use of satellite TV, Early Bird Satellite
May 4
1626 Indians sell Manhattan Island for $24 in cloth and buttons
1878 Phonograph shown for 1st time at Grand Opera House
1979 The first modern leveraged buyout using high-yield junk bonds -- a
$381 million deal to take Houdaille Industries private -- is completed by Kohlberg, Kravis, Roberts & Co.
May 5
1715 French manufacturer debuts 1st folding umbrella (Paris)
1921 Miniature newspaper published (Brighton Gazette 10 x 13 cm)
1949 Council of Europe forms
May 6
1851 San Francisco Chamber of Commerce starts
1889 Universal Exposition opens in Paris, Eiffel Tower completed
1927 Academy of Motion Picture Arts and Sciences forms
May 7
1955 West Europe Union established
1979 5th UNCTAD-conference opens in Manila
1982 IBM releases PC-DOS version 1.1
May 8
1888 George Eastman patents "Kodak box camera"
1899 Friedrich August von Hayek is born in Vienna (Nobel Prize in economics in 1974)
1929 John Clifton Bogle, future founder of the Vanguard Group of Investment Cos., is born in Montclair, N.J.
Agenda
May 2013:
16-01 June: The Czech Beer Festival 2013 (Prague, the Czech Republic)
22-25: Pivo (Beer) 2013 (Sochi, Russia)
23-25: Copenhagen Beer Festival 2013 (Copenhagen, Denmark)
24-26: The Annual International Beer Festival Latviabeerfest 2013 (Riga, Latvia)
26-30: European Brewery Convention 2013 (Luxembourg)
29-02 June: Mondial de la Biere (Montreal, Canada)
June 2013:
25-27: Brasil Brau 2013 (Sao Paulo, Brazil)
28: III Field Day of Malting, Kvass and Beer Brewing Industry in Russia (Oboyan, Russia)
July 2013:
17-19: China BevTek 2013 (Shanghai, PR China)
August 2013:
06-09: 4th Iberoamerican VLB Symposium 2013 (Buenos Aires, Argentina)
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)
16-20: Drinktec 2013 (Munich, Germany)
21-06 October: Oktoberfest (Munich, Germany)
26-28: Stockholm Beer and Whisky Festival 2012 (Stockholm, Sweden)
October 2013:
03-05: Stockholm Beer and Whisky Festival 2012 (Stockholm, Sweden)
30-01 November: The Latin American Barley Congress(Bahia Blanca, Argentina)
More events are available on site e-malt.com
Malt News
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The Netherlands: Grolsch buys out Kloosterzande Maltings
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Grolsch, one of the Dutch leading brewers, announced on April, 30 that its maltings plant Manager Jos Haeck has led a management buyout of
...More info on site
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Brewery News
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Belgium & Mexico: AB InBev commences tender offer for all outstanding shares of Grupo Modelo
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Anheuser-Busch InBev announced on May, 1 that a wholly-owned subsidiary is commencing the previously announced tender offer for all outstanding shares of Grupo Modelo,
...More info on site
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Denmark: Carlsberg’s first-quarter profit increases and beats analysts’ estimates
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Carlsberg A/S reported first-quarter profit that beat estimates as the brewer increased its leading share of the Russian beer market and sales surged in
...More info on site
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Canada: Molson Coors’ net profit falls by more than half in the three months to March 30
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Molson Coors Brewing Co. blamed debt costs related to an acquisition in Central Europe, higher marketing expenses, and poor weather as its net profit
...More info on site
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USA: Beer sales slow in the month through mid-April
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U.S. beer sales have slowed sequentially in the month through mid-April as drinkers switched from the most recognizable brands like Budweiser and Coors to
...More info on site
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USA: MillerCoors first-quarter net sales up 1.6%
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SABMiller plc and Molson Coors Brewing Company reported on May, 7 that pricing and growth in sales of above premium brands at their US
...More info on site
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Japan: Asahi Group reports net loss of ¥1.62 billion for the first quarter
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Asahi Group Holdings Ltd. said it swung to a net loss during the first quarter, partly due to a higher corporate tax burden.
The Japanese
...More info on site
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India: United Breweries’ strong beer portfolio enjoys record sales in 2012-13 FY
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United Breweries Ltd (UBL) on May, 6 said its strong beer portfolio, including Kingfisher Strong and Kingfisher Red brands, has achieved record sales of
...More info on site
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USA: The Boston Beer Company, Inc. reports first quarter 2013 financial results
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The Boston Beer Company, Inc. reported first quarter 2013 net revenue of $135.9 mln, an increase of $22.7 mln or 20%, over the same period last year, mainly due to core shipment growth of 18%.
Net income for the first quarter was $6.9 mln, or $0.51 per diluted share, a decrease of $0.6 mln, or $0.05 per diluted share, from the first quarter of 2012. This decrease was primarily due to higher cost of goods and increased investments in advertising, promotional and selling expenses that were only partially offset by net revenue increases and a favorable tax settlement in the first quarter of 2013.
Jim Koch, Chairman and Founder of the Company, commented, “I am pleased that The Boston Beer Company achieved record depletions in the quarter as the health of our cider and tea brands offset slight softness with Samuel Adams. This is a testament to the hard work of our employees and wholesalers, and our continued brand innovation efforts. While we continue to experience increased competitive activities from both domestic specialty and craft beer brands that have made it challenging to grow Samuel Adams as fast as we would like, we remain positive about the future of craft beer
...More info on site
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China: Enthusiast forecast rapid expansion for craft beer industry in the next five to ten years
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China's microbrew enthusiasts are aiming for a revolution in the drinking habits of the most populous nation, China Daily reported on May, 3.
Bad Monkey Brewery in the popular tourist town of Dali in Yunnan may be an anomaly in rural China, but it's part of a small yet nascent business: craft-beermaking in the world's most populous nation - and the biggest beer-drinking country.
"Our company has witnessed the changes in consumer preferences first-hand in China since 2003," Carl Oakley and Scott Williams, owners of Bad Monkey, wrote in a comment in response to a Wall Street Journal article about craft brewers collaborating in China. "[We have found] many Chinese drinkers who are adventurous enough and affluent enough to pay more for a tastier, higher quality brew."
Other craft beer companies in China include Chengdu Beer and Harvest Beer in Chengdu, Sichuan province; Strong Ale Works in Qingdao, Shandong province; The Old Brewery in Yangzhou and Nanjing Craft Brewing Co in Nanjing, Jiangsu province. The strongest presence in the emerging craft-beer revolution is in Shanghai and Beijing, where six - soon to be seven - homegrown craft breweries exist.
"The craft beer industry in China is without a doubt going
...More info on site
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Canada & China: Canada’s Russell Breweries launching a test brewery and brewpub restaurant in Hefei, China this summer
|
Further to the agreement signed with FVI Capital Inc. ("FVI") in October 2012, Russell Breweries Inc. ("RBI") announced on May, 2 that a test brewery and brewpub restaurant is scheduled to open this summer in Hefei, China. Hefei is the largest city of Anhui Province of Eastern China with a population of 5.7 million. It is a booming industrial city that has had very strong economic growth and is open to international investment.
"Our partners in China have broken ground on building its test brewery and adjoining brewpub-style restaurant in the city of Hefei," said Brian Harris, CEO Russell Breweries Inc. "Scheduled to open this summer, the brewery will be the first in the region to offer high-end, small-batch beers to North American craft brewing standards."
On October 9th, 2012, Russell Breweries Inc. signed a definitive agreement with FVI Capital Inc. for a non-exclusive technology and trade mark license agreement to import, produce, package, use, market, sell and distribute Russell brands in China, Hong Kong and Taiwan. Under the terms of the agreement, a new Company named Russell Breweries China Inc. ("RBCI") has been established and Russell Breweries Inc. has subscribed for a 20% equity position. FVI Capital Inc. is
...More info on site
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New Zealand: Interest in craft beers continues to grow despite a decline in overall beer market
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Interest in craft brewing continues to grow in New Zealand, despite a decline in the overall beer market, Stuff.co.nz reported on May, 5.
David Cryer, founder of Cryer Malts which supplies the country's brewers with specialty malts from all over the world, said in the 12 months to the start of April, sales of craft beer were up just over 30 per cent on the corresponding period in 2011.
What makes that doubly impressive is that against a backdrop of a weak economy and high unemployment, the total beer market continued to decline.
It was down by 2.4 per cent year-on-year, said Cryer.
Craft beer is a term widely applied, but in general stands for traditional beers brewed by smaller, aspiring brewers who seek to produce brews that are distinct in quality and character.
Much to the annoyance of some, though, the craft beer figures include the Macs, Monteiths and Boundary Road brands run by large overseas-owned brewers Lion Nathan, DB and Asahi.
Some see these as "faux" craft beer. More generously, others said they help promote wider awareness of the craft styles available.
Figures from Statistics New Zealand show a dramatic decline in beer sales in contrast to
...More info on site
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USA: Constellation Brands not expecting big change in Corona and Modelo Especial pricing strategy later this year
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Constellation Brands Inc has not yet decided whether to raise prices on beers like Corona Extra and Modelo Especial later this year, but its chief financial officer said the pricing strategy should be no different than before despite the change in ownership, Reuters reported on May, 3.
"We'll see what happens with market share and commodity costs and all that kind of stuff. But we don't really see a big change in the beer-pricing strategy from history," CFO Robert Ryder said.
Constellation is taking over the U.S. business of Grupo Modelo in a $4.75 billion deal required as part of Anheuser-Busch InBev's $20.1 billion takeover of Mexico's largest brewer. U.S. regulators were very concerned that if AB InBev owned Modelo in the United States, it would raise prices for consumers more aggressively than Modelo's U.S. importer, Crown Imports, had in the past.
Crown is a joint venture between Constellation and Modelo and Constellation is buying out its partner. Ryder noted that the management team that made pricing decisions before will stay the same.
Corona is the top-selling imported beer in the United States. Its sales have been helped by the fact that Crown often has not raised prices as much as its larger rivals,
...More info on site
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Barley News
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US & Australia: Sale of GrainCorp to ADM one step closer to completion
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The sale of east coast grain handler GrainCorp to US food processor Archer Daniels Midland (ADM) is one step closer to completion after the company announced due diligence on the deal has been completed, ABC Online reported on March, 1.
After six months of rejected offers, GrainCorp directors have given their support for a deal worth more than A$3 billion which would see shareholders receive A$13.20 per share.
The deal still requires the approval from the Foreign Investment Review Board, the Competition and Consumer Commission and the Chinese Ministry of Commerce.
Chinese approval can be a lengthy process, with GrainCorp chairman Don Taylor estimating that the sale could take up to six months to complete.
The sale also requires the approval of 50.1 per cent of GrainCorp shareholders.
Shareholders will receive an additional dividend of 3.5 Australian cents per share for each month the sale process continues beyond October 1.
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Australia: AWB hoping to wind up 2012-13 barley pools by July
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AWB hopes to wind up its 2012-13 barley pools by July to take advantage of current good prices.
The company said it expected prices to decline in the second half of the year as the northern hemisphere crop comes on to the market, Weekly Times Now reported on May, 8.
AWB said barley prices were holding up on the east coast of Australia but the company left estimated pool returns unchanged today.
AWB manager Richard Williams said the EPRs for South Australian barley have dropped A$5 a tonne due to limited domestic demand and limited export capacity holders.
“We continue to sell remaining volumes mainly into Asia and domestically in Victoria as barley is being used in feed rations at the expense of stronger domestic wheat prices,” Mr Williams said.
The Victorian EPR for Hindmarsh barley was left at A$284 a tonne, FOB, while the return for Feed 1 grade was estimated at A$281 a tonne.
The SA EPR for Feed 1 barley was reduced to A$276 a tonne, FOB.
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