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Flash Summary

RombBullet Quote of the week
RombBullet Currency rates
RombBullet Brewers equities
RombBullet Market prices change trend
RombBullet Industry news
RombBullet Graph of the week
RombBullet Table of the week
RombBullet Prices evolution
RombBullet Barley prices
RombBullet Theoretical malt prices
RombBullet Scientific digest
RombBullet Business history
RombBullet Agenda
RombBullet News articles




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E-Malt.com Flash 43a
October 21 - October 23, 2013

Quote of the Week

"A little bit of beer is divine medicine."
Paracelsus, Greek physician

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Currency Rates


Base Currency: Euro
on October 23, 2013
Base Currency: US Dollar
on October 23, 2013
      1 EUR = 1.3708 USD
1 EUR = 0.8482 GBP
1 EUR = 1.4116 CAD
1 EUR = 1.4171 AUD
1 EUR = 134.6780 JPY
1 EUR = 2.9838 BRL
1 EUR = 43.7181 RUB
1 EUR = 8.4024 CNY
      1 USD = 0.7295 EUR
1 USD = 0.6187 GBP
1 USD = 1.0297 CAD
1 USD = 1.0338 AUD
1 USD = 98.2488 JPY
1 USD = 2.1766 BRL
1 USD = 31.8912 RUB
1 USD = 6.1293 CNY


Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend


October 23, 2013
Type Crop 2013 Crop 2014
EUR % EUR %
2rs Barley 187.00-189.00 up0.53% 196.00-198.00  
6rw Barley 177.00-179.00 up1.14% 185.00-187.00  
2rs Malt 379.50-381.50 up0.32% 390.50-392.50  
6rw Malt 367.00-369.00 up0.67% 377.00-379.00  
Feed Barley 174.00-176.00up2.34% 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.


Top Industry News


Brewery news The Netherlands: Heineken N.V. reports increase in group revenue in Q3 2013 ...Click here
Brewery news China: Beijing Yanjing Brewery’s Q3 net profit up 1.5% ...Click here
Brewery news Denmark & India: Carlsberg gets approval to build a brewery in the state of Bihar ...Click here
Brewery news Russia: Western beer giants see decline on Russia’s market ...Click here
Brewery news The Netherlands & India: Sources say Heineken’s possible stake increase in United Breweries has reached due diligence stage but the brewers keep silent ...Click here
Brewery news Denmark & Myanmar: Carlsberg marks construction of its first brewery in Myanmar ...Click here

Barley news World: World’s leading malting barley exporting countries list remains unchanged ...Click here
Barley news EU: Malting barley premium over feed upsets farmers in Europe ...Click here
Barley news Australia & China: Beer production growth may be slowing down in China but imports of Australian barley are expected to hit a record this year ...Click here


More Industry News


Brewery news Vietnam: Sabeco launches its 22nd brewery in Vietnam ...Click here
Barley news France: More activity in malting barley of crop 2013 than 2014 ...Click here
Brewery news Portugal & Angola: Unicer to launch a new brewery in Angola in 2016 ...Click here
Brewery news Brazil: 2012 beer sales volume suffers, Ambev’s market share declines to 63% ...Click here
Barley news UK: Demand for barley set to grow as distilleries expand ...Click here
Brewery news Europe: SABMiller's Europe boss says beer marketing should appeal to both men and women ...Click here
Barley news Canada & EU: The Malting Industry Association of Canada wlcomes new agreement on barley and malt trade with the EU ...Click here
Brewery news USA: MillerCoors cuts 360 positions due to sales drop ...Click here
Brewery news Haiti: Heineken plans to invest $100 mln in its Haiti brewery in 2014 ...Click here
Brewery news Greece & USA: Greece’s Santorini Brewing to distribute beer in the U.S. ...Click here

Graph of the week



Table of the week

Latin America Beer Production by Country 2000 - 2012s

Table of the week.
Prices Evolution

Prices evolution

Barley Prices



Theoretical Malt Prices


Scientific Digest


The answer to a lot of questions?


ABSTRACT
The dream of all hop aroma researchers is to identify all sensory relevant components that cause the different unique hop aromas in beer. Maybe Inui et al have come pretty close to answering at least some important related questions. Brewing five single variety trial beers (with Hallertauer Mittelfrueh, Hallertauer Tradition, Saaz, Perle, Cascade) they looked into the correlation of six specified sensory aroma characteristics in beer with analytical results of GCxGC/TOF-MS measurements. The relevant components to six generic hop aroma characteristics were verified by multivariate analysis of organoleptic evaluation together with component analysis results. Those components with significant differences among five hopped beers were selected. These initially 297 could further be narrowed down to 67 compounds. Their conclusion is that hop aroma in beer probably consists of more than 100 compounds, and some of these are only present below their threshold concentration. However, these compounds may show influences on aroma or flavor in beer by the effect of other coexisting compounds in beer. Therefore, it is incomplete to estimate the key components in hoppy aroma in beer just from thresholds and GC-O results.
Read more

Source: Barth Innovations

These Days in Business History


October 21
1492 Columbus discovers America (Oct 12, 1492 Julian calendar)
1879 Thomas Edison perfects carbonized cotton filament light bulb
1987 Nobel prize for economy awarded to Robert M. Solow

October 22
1897 World's 1st car dealer opens in London
1979 Walt Disney World's 100-millionth guest
1997 Yahoo completes purchase of Four11

October 23
1814 1st plastic surgery is performed (England)
1824 1st steam locomotive is introduced

Agenda

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
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

February 2014:
02-05: RHEX - Rimini Horeca Expo 2014 (Rimini, Italy)
19-22: National Winter Ales Festival 2014 (Derby, UK)


March 2014:
12-15: Brazilian Beer Festival (Blumenau, Brazil)
18-19: Food and Drink Technology Africa 2014 (Johannesburg, South Africa)
23-28: IBD Convention - Asia Pacific Section (Ho Chi Minh City, Vietnam)


April 2014:
07-08: World Beer Cup 2014 (Denver, USA)
08-11: Craft Brewers Conference 2014 (Denver, USA)
13-17: Trends in Brewing 2014 (Ghent, Belgium)
22-24: Pivovar (Brewer) 2014 (Moscow, Russia)

26-27: Zythos Beer Festival 2014 (Leuven, Belgium)


May 2014:
21-24: Pivo (Beer) 2014 (Sochi, Russia)
22-24: Copenhagen Beer Festival 2014 (Copenhagen, Denmark)


More events are available on site e-malt.com




BreweryBrewery News Brewery


Brewery newsThe Netherlands: Heineken N.V. reports increase in group revenue in Q3 2013
Heineken N.V. on October 23 announced its trading update for the third quarter of 2013.

Group beer volume decreased by 2% organically (including the benefit ...More info on site


Brewery newsChina: Beijing Yanjing Brewery’s Q3 net profit up 1.5%
Beijing Yanjing Brewery Co Ltd said on October 18 its Q3 net profit increased by 1.5 percent y/y to 360.8 million yuan ($59.16 million).

The ...More info on site


Brewery newsDenmark & India: Carlsberg gets approval to build a brewery in the state of Bihar
The Bihar state cabinet on October 22 gave its nod to Danish beer major Carlsberg’s proposal to set up a brewery, The Telegraph reported.

“According ...More info on site


Brewery newsRussia: Western beer giants see decline on Russia’s market
The Russian beer market is shrinking. Companies cite tough measures by the government, but experts believe the main reason is marketing mistakes made in ...More info on site


Brewery newsThe Netherlands & India: Sources say Heineken’s possible stake increase in United Breweries has reached due diligence stage but the brewers keep silent
The Dutch giant Heineken is looking at hiking its stake in United Breweries and the deal has reached due diligence stage, reports CNBC-TV18 quoting ...More info on site


Brewery newsDenmark & Myanmar: Carlsberg marks construction of its first brewery in Myanmar
Carlsberg has had a ground breaking ceremony in Myanmar to mark the construction of the first international brewery in the country, 4-traders reported on ...More info on site


Brewery news Vietnam: Sabeco launches its 22nd brewery in Vietnam
Saigon Beer Alcohol Beverage Corporation (Sabeco) has unveiled a new US$21 mln brewery in Vietnam's Ninh Thuan region, its 22nd plant in the country, Than Nien Online reported on October 19.

According to local media, the plan’s capacity will be 50 mln litres.


Brewery newsPortugal & Angola: Unicer to launch a new brewery in Angola in 2016
The factory owned by Portuguese beer maker Unicer in Angola is expected to start operating in 2016, with initial production capacity of 120 million ...More info on site


Brewery news Brazil: 2012 beer sales volume suffers, Ambev’s market share declines to 63%
In 2012, volume sales within the Brazilian beer industry suffered strongly from unit price increases by manufacturers. This marked an attempt to dilute the tax increase scheduled for late 2012, extended to the first semester of 2013, through negotiation with the government, Companies and Markets reported on October 15.

Thus beer manufacturers cooperated in the "Greater Brazil Plan", in which companies have to pledge investment in new jobs and production, to stimulate beer sales.

Brazil is the world's fourth largest market for beer with over 88 million barrels produced in 2010 and annual per capita consumption of 53.3 litres.

In the Brazilian Carnival period there is an explosion in consumption. In these 4 days, 400 million litres (or around 4% of the yearly production) are consumed. In November with the approach of summer, the manufacture and investment in marketing triples.

International tourists find that domestic and local beers are much less expensive than imported brands.

Over the past decade or so Brazil has imported more and more brands of beer from Europe (particularly from Belgium) and the USA. These imports are a lot more expensive than locally brewed beers. However, there are a growing number of bars and beer shops dedicating themselves to selling a ...More info on site


Brewery news Europe: SABMiller's Europe boss says beer marketing should appeal to both men and women
When Sue Clark named the near-black Fawcett's Folly imperial stout the winner of SABMiller's 2013 employee brew-off contest last week, it was not just because she likes dark beer.

The head of the brewer's European business praised its "360-degree marketing," which appealed to both men and women and is the type of advertising she is betting on to help stem declines in beer demand, reported Reuters on October 21.

Appealing to more women is not easy for big beer, as Molson Coors recently learned with the failure of its female-friendly Animee, which it pulled after 15 months. But Clark says more inclusive advertising, a broader range of beer styles and improving conditions at bars will help.

In the United States, beer accounts for 42 percent of alcohol consumed, Clark said, down from a high of 72 percent a decade ago, before it lost ground to wine and spirits. Trends in Britain and Western Europe are similar, she said, in her first extensive interview since becoming managing director last year.

Beer is losing its core drinkers as slowing population growth means fewer 18-35-year-old men. And underemployment, especially in jobs like construction, means men who fit the profile are often tight on cash. Brewers must look ...More info on site


Brewery news USA: MillerCoors cuts 360 positions due to sales drop
MillerCoors is eliminating 360 jobs, which includes laying off 200 salaried employees, in response to the tough sales conditions facing the company and beer industry, reported Ad Age on October 21.

"To realize our ambition, we must have the financial flexibility required to seize opportunities and address challenges head-on," CEO Tom Long and Ed McBrien, president of sales and distributor operations, said in a memo to distributors. "Given our current fixed-cost base, we can't meet these long-term investment requirements. Simply put, our fixed-cost base is too high and our organizational structure is too complex."

In a statement, the brewer confirmed that "approximately 200 salaried employees will be leaving the organization and another 160 open salaried positions will be eliminated." The Chicago-based brewer employs about 8,800 people nationally. The cuts will be spread across "all functions of the company," including sales and marketing, a spokesman said. The cuts are meant to "help the company meet long-term investment requirements in its brands and breweries while at the same time achieve its operating margin and profitability goals."

The distributor memo cited a "period of rapid and disruptive change" in the U.S. beer industry, including "consumer fragmentation, continued high unemployment and increased competition from wine and spirits."

SABMiller, ...More info on site


Brewery news Haiti: Heineken plans to invest $100 mln in its Haiti brewery in 2014
Stefan Orlowski, the President of Heineken Americas visited Haiti on October 21 where he met with Prime Minister Laurent Lamothe as part of a review of an expected corporate investment of 100 million dollars the company hopes to make in its Haiti subsidiary over the next year, reports Sentinel.ht.

Briefing the press after the meeting, the head of the Haitian government recalled Heineken's majority purchase of the Haitian company, Brasserie National d'Haiti:

"...as you know, Heineken bought the Brasserie Nationale d'Haiti and will invest in the upcoming year more than $100 million. Its president came so that we can meet and do a review of their investments."

"You know that the Government's aim is to push private investment in Haiti, the international private investment as well as domestic investment... a new production line will be installed at the Brasserie Nationale to produce more Prestige over Malta."

"He also announced that he will start working with farmers to buy the raw material locally, this is a great victory for us. Again, this demonstrates that there is job creation, and that the country is moving if a large company like Heineken invests in the country."

"I thank the President for having sat down with me today to ...More info on site


Brewery news Greece & USA: Greece’s Santorini Brewing to distribute beer in the U.S.
Santorini Brewing CO opened its doors in 2011 on the road to a quaint beachside town in Greece and created the Donkey beers. The brewery has an annual production capacity of 75,000 liters.

There are three styles of beer currently in production – Yellow, Red & Crazy Donkey. Only Crazy Donkey IPA is available for export, it is said to be the first Greece-brewed IPA in the U.S. market.

In late October 2013, Santorini Brewing Company has exported its first batch of Crazy Donkey IPA into the US through NY-based Athenee Importers, the country’s oldest family owned importer of premium alcoholic beverages from Greece into the US, reports Brewbound.

Crazy Donkey is Greece’s first IPA and is produced with five kinds of hops. The beer has 6.5% ABV and an IBU of 50. Crazy Donkey is sold in 750 ml glass bottles and retails for approximately $35-$40 a bottle. Crazy Donkey will be available in the United States in small quantities (less than 100 cases per shipment) throughout the winter months. Due to high local demand, the brewery will not export beer during the tourist season.



BarleyBarley News Barley


Barley newsWorld: World’s leading malting barley exporting countries list remains unchanged
Australia might be a minnow when it comes to producing barley but it spars well above its weight in the malting grain market, Weekly ...More info on site


Barley newsEU: Malting barley premium over feed upsets farmers in Europe
The premium of malting above feed barley has become small in France, and too small in the U.K. and Denmark. There is no incentive ...More info on site


Barley newsAustralia & China: Beer production growth may be slowing down in China but imports of Australian barley are expected to hit a record this year
Australia sells China a lot of barley with Chinese production of beer is going through the roof. From relatively low production levels up to ...More info on site


Barley news France: More activity in malting barley of crop 2013 than 2014
Demand for French spring malting barley crop 2013 and, consequently, the number of deals signed increased last week, La Depeche reports.

Deals in crop 2014, on the contrary, are almost non-existent, as sellers are not present on the market, despite the existing demand. According to industry experts, this situation has resulted in an increase in the premium of the new crop versus 2013.


Barley news UK: Demand for barley set to grow as distilleries expand
Scotch whisky is enjoyed in more than 200 countries across the world, with distilleries buying more than £200 mln worth of cereals to produce the sprit, Farmers Weekly reported on October 19.

And without farmers growing barley and wheat - blended spirits are made with a mix of the two, while single malt is made with 100% barley - the industry would be without its key ingredients.

"Farmers are critical to the success of Scotch whisky," says Julie Hesketh-Laird, director of operational and technical affairs at the Scotch Whisky Association.

"Cereals are the biggest raw material and one of the major costs to the industry. It's critical that we get the volume and quality we require - farmers are at the heart of that."

As distilleries expand - about 80-90 mln litres of capacity has gone online in the past few years and 20-30 mln litres more are planned - the demand for good-quality cereals is set to grow, she adds.

"I guess key to this is to make sure we have enough of the quality cereal. Distillers are looking for distill yield and farmers are looking for agronomic yield - volumes are going to be crucial," explains Ms Hesketh-Laird.

Although regulations don't stipulate that the ...More info on site


Barley news Canada & EU: The Malting Industry Association of Canada wlcomes new agreement on barley and malt trade with the EU
The Malting Industry Association of Canada (MIAC) supports the agreement in principle of the Comprehensive Economic and Trade Agreement (CETA) which was announced on October 18 by Prime Minister Harper in Brussels.

The CETA eliminates tariffs on malt immediately and the phased elimination of tariffs for barley. It will provide the ability to consider potential niche geographic market opportunities in an open and transparent market environment.

"Eliminating tariffs and liberalizing trade globally for malt is critically important for our industry, so any agreement that continues to move forward the Government of Canada's trade negotiation agenda globally is good news," says MIAC president Phil de Kemp.

This agreement once ratified has the potential to increase domestic barley grain usage due to the expected market opportunities for both beef and pork into the E.U. "The potential for increased domestic barley consumption is strongly supported by our malt industry members," says de Kemp. "It will provide the ability for us to continue to work closely with our barley producers to maximize their market sales of malting barley for malt production while at the same time providing additional growth opportunities for barley sales to the animal sector".

“The CETA is a tremendous accomplishment for the Government of Canada ...More info on site


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