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Flash Summary
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E-Malt.com Flash 27b
July 04 - July 07, 2013
Quote of the Week
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Robert Byrne
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Currency Rates
Base Currency: Euro
on July 05, 2013 |
Base Currency: US Dollar
on July 05, 2013 |
| |
1 EUR = 1.2971 USD
1 EUR = 0.8543 GBP
1 EUR = 1.3639 CAD
1 EUR = 1.4215 AUD
1 EUR = 129.5760 JPY
1 EUR = 2.9412 BRL
1 EUR = 43.0642 RUB
1 EUR = 8.0189 CNY
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1 USD = 0.7710 EUR
1 USD = 0.6586 GBP
1 USD = 1.0515 CAD
1 USD = 1.0960 AUD
1 USD = 99.9004 JPY
1 USD = 2.2675 BRL
1 USD = 33.1998 RUB
1 USD = 6.1821 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| July 05, 2013 |
| Type |
Crop 2012 |
Crop 2013 |
| EUR |
% |
EUR |
% |
| 2rs Barley |
195.00-197.00 |  |
204.00-206.00 | |
| 6rw Barley |
189.00-191.00 |  0.52% |
196.00-198.00 | 0.51% |
| 2rs Malt |
394.50-396.50 | |
400.50-402.50 | |
| 6rw Malt |
387.00-389.00 | 0.32% |
390.50-392.50 | 0.31% |
| Feed Barley |
170.00-172.00 | |
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.
UK: Barley usage by brewers, maltsters and distillers declines in July-April 2012/13
...Click here
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Denmark & Myanmar: Carlsberg’s Myanmar brewery to be operational by the end of 2014
...Click here
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Mexico: With nothing left to by, SABMiller waiting for antitrust decision to free up small amount of market share
...Click here
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France: Number of craft breweries exceeds 500 in 2013
...Click here
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Ukraine: More than 80% of winter barley crop already harvested
...Click here
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World: Hop acreage down but no shortage is expected this year
...Click here
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UK & India: Diageo close to completing the acquisition of the majority stake in United Spirits
...Click here
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Zimbabwe: Delta Corporation to invest more than US$6.5 mln in a new chibuku plant
...Click here
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USA: Constellation Brands introducing Bloody Mary-style beer
...Click here
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UK: Two new spring barley varieties seen as suitable for malt distilling and brewing
...Click here
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Australia: Australian Research Council launches project to improve malting barley varieties
...Click here
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Graph of the week
Source: USDA, May 2013
Table of the week
Brewing Industry in Belgium 1900-2012
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
The power of sensory assessment
ABSTRACT
How to measure real-time flavours was presented by D. Parker at the recent EBC congress. She presented various sensory methods that considerably increase the information about your product. With very useful examples, this presentation might provide an inspiration how to set up or change or extend your current sensory assesments.
Read more
Source: Barth Innovations
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These Days in Business History
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
05 July
1643 - 1st recorded tornado in U.S. (Essex County, Massachusetts)
1841 - Thomas Cook opens 1st travel agency
1922 - 1st general election in Netherlands
1948 - The British government adopts the National Health Service Act
06 July
1785 - Congress resolves US currency named "dollar" and adopts decimal coinage
1885 - Louis Pasteur successfully tests an anti-rabies vaccine
1886 - Horlick's of Wisconsin offers 1st malted milk to public
1907 - Opening of Brooklands, in England - the world's first purpose-built motor racing circuit
1924 - 1st photo sent experimentally across Atlantic by radio, U.S. - England
07 July
1550 - Chocolate introduced
1802 - 1st comic book "The Wasp," is published
1814 - The world's first authentic historical novel, 'Waverley' by Sir Walter Scott, is published
1891 - Travelers cheque patented
1929 - In Italy, the Vatican in the centre of Rome becomes a sovereign state
Agenda
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Malt News
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UK: Barley usage by brewers, maltsters and distillers declines in July-April 2012/13
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Total barley usage by British brewers, maltsters and distillers in July – April 2012/13 decreased by 0.1% to 1.497 mln tonnes, Defra reported on
...More info on site
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Brewery News
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Denmark & Myanmar: Carlsberg’s Myanmar brewery to be operational by the end of 2014
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Denmark based Carlsberg and its partner Myanmar Golden Star (MGS) will begin operating their first factory by the end of 2014, according to MGS
...More info on site
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Mexico: With nothing left to by, SABMiller waiting for antitrust decision to free up small amount of market share
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SABMiller Plc passed on buying almost half the Mexican beer market in 2010 when Heineken NV struck a 5.3 billion-euro ($6.9 billion) deal to
...More info on site
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USA: Living through a beer renaissance
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The United States are undoubtedly living through a beer renaissance. In the late ’70s, there were just 44 brewing companies in the entire U.S.
...More info on site
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France: Number of craft breweries exceeds 500 in 2013
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Over the last ten years, the number of small-scale craft breweries has surged in France, L’Express reported on July, 4.
According to the
...More info on site
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Zimbabwe: Delta Corporation to invest more than US$6.5 mln in a new chibuku plant
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Zimbabwe’s largest beverage manufacturer Delta Corporation (Delta)’s sorghum beer division, Chibuku plans to invest more than US$6.5 million in a new plant in the
...More info on site
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USA: Constellation Brands introducing Bloody Mary-style beer
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Constellation Brands says it is introducing a Bloody Mary-style beer in the US as it seeks to exploit a “pretty large category” currently dominated by one player, BeverageDaily.com reported on July, 3.
During an investor call to discuss the company’s results (announced earlier this week), Lauren Torres from HSBC asked CEO Robert Sands what could be “done differently in beer” now it had full ownership of Grupo Modelo’s US beer business.
Constellation completed its acquisition of Grupo Modelo’s US beer business from AB InBev on June, 7 for $4.75 bln.
The deal includes a large-scale brewery in Piedras Negras, full ownership (the other 50%) of the import business for brands including Corona, Crown Holdings, and a permanent license to sell these brands in the US.
Sands said the acquisition had added “an entirely new dimension to our company”, and told analysts that Constellation was most excited about opportunities for innovation and NPD in beer.
The company had already introduced and was test marketing Modelo Especial Lite in the US, he said, adding that it plans to introduce Modelo Especial Chelado, a Bloody Mary-style beer, in the US.
This is a tomato, salt and lime-flavoured 3.5% brew, he said. “The pretty large category” of such beers, he
...More info on site
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Barley News
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Ukraine: More than 80% of winter barley crop already harvested
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As of July, 3, Ukraine’s farmers harvested a total of 879 thousand ha of winter barley, or 82% of the nation’s total area planted
...More info on site
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UK: Two new spring barley varieties seen as suitable for malt distilling and brewing
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The high yielding variety Odyssey has been awarded the prestigious accolade of full approval for malt distilling use, and has been granted Provisional Approval 2 for brewing, Farming UK reported on July, 4.
Overture, also from the Limagrain breeding line, has been granted Provisional Approval 2 for both brewing and malt distilling.
This is very good news for spring malting barley growers who have already demonstrated their commitment in the varieties since their launch in in 2011. Odyssey in particular has seen strong interest from the market place offering a 6% yield increase over the benchmark variety, Concerto.
“Both Odyssey and Overture are bred from the Concerto line; Concerto is the only UK spring malting barley variety which holds IBD approval for both distilling and malting, and also French CBMO approval. In fact, Concerto’s consistent quality, high yield and across the board market acceptance have seen it termed the ‘new Optic’ by the industry,” says Mark Glew senior barley breeder for Limagrain.
“We are particularly excited about the interest being shown in Odyssey, and do believe that this ‘son of Concerto’ has the potential to be as big a variety as Concerto in the future.”
With the sound genetics of Concerto crossed with Quench
...More info on site
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Australia: Australian Research Council launches project to improve malting barley varieties
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More than A$2.9 million will be spent on improving malting barley varieties through a joint Australian Research Council Linkage Project between the University of Adelaide, the University of Western Australia, Viterra and Carlsberg, New Queensland Register reported on July, 4.
ARC Centre of Excellence in Plant Cell Walls director Geoff Fincher says the collaborative venture will help to address the growing energy and water costs that maltsters and brewers face when converting barley to beer.
The program started on Monday, July, 1.
"One of the central objectives of this program is to produce barley varieties with a low-input requirement in the malthouse and brewery," he said.
"We want to produce varieties that consume less water and less energy to address these growing costs.
"If you can cut the industry's powerbill by x per cent, that equals x more profit and x less carbon footprint. That really is an important part of the project."
Prof Fincher said project funding included cash and in-kind contributions from all parties.
He said an important element of the project was to get academic institutions and research groups interacting with industry.
"It's all about the translation of fundamental science into the real world of industry and commerce," he said.
"Our partners wish to define genetic
...More info on site
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Hops News
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World: Hop acreage down but no shortage is expected this year
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The results for all hop growing areas worldwide for the 2013 crop were published by Hopsteiner last month. Again, there has been a slight
...More info on site
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Germany: Hops crop suffers from hail and floods
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A hailstorm on the 20th of June 2013 has left extensive hail damage on hops in the northern Hallertau. The affected hop acreage extends
...More info on site
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Whisky News
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UK & India: Diageo close to completing the acquisition of the majority stake in United Spirits
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UK drinks group Diageo's $2.1 billion deal to acquire a majority stake in Vijay Mallya promoted United Spirits is in the last lap of completion, NDTV cited undisclosed sources on July, 4. Two of the three stages of the deal, announced in November 2012, have already been completed, the sources added.
Diageo's Rs. 5,441-crore open offer for acquiring 26 per cent stake in United Spirits elicited a tepid response from investors because the tender price of Rs. 1,440 per piece was much lower than the market price.
Of 3.8 crore shares of United Spirits that were on offer, shareholders tendered just 64,169 shares and only 58,688 shares were accepted, according to a regulatory filing. The open offer began on April 10 and closed on April 26.
Diageo's failure to buy outright control of United Spirits through the open offer will, however, not impact the company's control over management. That's because under deal terms announced in November, Mr Mallya's United Breweries Holdings, which owns a United Spirits stake, would vote with Diageo on decisions for four years.
The second stage was completed in the last week of May. United Spirits approved the allotment of 14.5 million shares on a preferential (at Rs. 1,440 per share)
...More info on site
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