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Flash Summary
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E-Malt.com Flash 36a
September 01 - September 03, 2014
Quote of the Week
"A fine beer may be judged with only one sip, but it's better to be thoroughly sure."
Czech proverb
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Currency Rates
Base Currency: Euro
on September 03, 2014 |
Base Currency: US Dollar
on September 03, 2014 |
| |
1 EUR = 1.3125 USD
1 EUR = 0.7932 GBP
1 EUR = 1.4311 CAD
1 EUR = 1.4119 AUD
1 EUR = 137.5990 JPY
1 EUR = 2.9538 BRL
1 EUR = 49.1062 RUB
1 EUR = 8.0943 CNY
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1 USD = 0.7620 EUR
1 USD = 0.6044 GBP
1 USD = 1.0904 CAD
1 USD = 1.0758 AUD
1 USD = 104.8430 JPY
1 USD = 2.2506 BRL
1 USD = 37.4148 RUB
1 USD = 6.1672 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| September 03, 2014 |
| Type |
Crop 2014 |
| EUR |
% |
| 2rs Barley |
181.00-183.00 |  0.55% |
| 6rw Barley |
157.00-159.00 |  |
| 2rs Malt |
372.00-374.00 | 0.33% |
| 6rw Malt |
342.50-344.50 | |
| Feed Barley |
150.00-152.00 | |
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.
Russia: Higher taxes and sales restrictions continue to hurt the beer industry
...Click here
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Nigeria: Beer industry competition intensifies as brewers adjust strategies
...Click here
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EU: EU Commission increases barley, soft wheat and maize output estimate
...Click here
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China: Once again China’s insufficient barley crop will lead to increased imports
...Click here
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India: United Breweries’ Vijay Mallya declared 'wilful defaulter' by United Bank of India
...Click here
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South Africa: SABMiller launching small-scale “speciality” beer brand
...Click here
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India: Kingfisher Premium beer brand proclaimed as one of India’s most valuable brands
...Click here
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USA: Philippines’ San Miguel beer expands distribution to three more states
...Click here
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USA: MillerCoors names new CEO of Tenth and Blake Beer Company
...Click here
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Graph of the week
Table of the week
US Beer Shipments by Largest Brewers and Beer Importers
Barley Prices
Theoretical Malt Prices
Scientific Digest
Hop aroma needs to breathe
ABSTRACT
US researchers are
exploring the idea that oxidized hops may be more
beneficial than once believed. The exposure to prooxidative
conditions led to an increase in the oxygenated
fraction of hop aroma compounds and a generalized
decrease in the hydrocarbon fraction. The researchers also
produced dry hopped beers (using 600g/hl) with oxidized
and non-oxidized hops. Panelists were able to detect the
flavor difference and the beer produced with the oxidized
hops was described as more fruity, floral, and herbal! This
may break a German brewer's heart, but maybe oxygen is
not always the bad guy... May this also have an impact on
flavor stability?
Read more
Source: Barth Innovations
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These Days in Business History
September 01
1905 Alberta & Saskatchewan become 8th & 9th Canadian provinces
1923 7.9 earthquake strikes Tokyo & Yokohama, kills 142,000
1962 UN announces Earth population has hit 3 billion
September 02
1930 1st non-stop airplane flight from Europe to US (37 hrs)
1941 Film Academy copyrights Oscar statuette
1987 Philips introduces CD-video
September 03
1778 City Amsterdam signs trade agreement with U.S. rebels
1935 1st automobile to exceed 300 mph, Sir Malcolm Campbell (301.337 mph)
1967 Sweden begins driving on right-hand side of road
Agenda
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Brewery News
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Brazil: January – August beer output up 8.7%
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Brazil’s August beer output of 1.036 bln litres declined by 2.7% as compared to the same month in 2013, according to data by SICOBE.
As
...More info on site
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Russia: Higher taxes and sales restrictions continue to hurt the beer industry
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Higher taxes and sales restrictions have led to a dramatic loss of beer sales in Russia, about 25% over the past few years, an
...More info on site
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Nigeria: Beer industry competition intensifies as brewers adjust strategies
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A change in strategy by Nigeria’s dominant brewers has intensified competition in the sector, BusinessDay reported on September 1.
Nigerian Breweries (NB), the country’s largest brewer by market value, and Guinness Nigeria (GN) are the dominant players who are adjusting to the fluid alcoholic beverage market.
“GN had previously been happy to concentrate on the premium segment, leaving the value segment and the mainstream to NB; however, consumers’ low spending power has prompted GN to change tack,” said Omair Ansari, SSA breweries analyst at Renaissance Capital, in an August 27 note.
“Historically, advertising spend amounted to around 5 percent of revenue, but we see this increasing in the future, as competition intensifies among the three largest brewers. NB has a larger distribution network and is more efficient from a cost perspective than GN, and we do not believe this will change. We believe GN will experience a pick-up in costs as it attempts to regain lost market share,” he said.
Ansari added that with the proposed consolidation of NB and Consolidated Breweries, NB would retain its dominant position in the market place, accounting for close to 70 percent of market share.
“Nigeria is our largest brewery operation in Africa and second-largest in the world after
...More info on site
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Finland: First-half beer sales decrease by 2.9%
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A total of 368.8 million litres of brewery beverages were sold in Finland in January-June 2014, the Federation of the Brewing and Soft Drinks
...More info on site
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India: United Breweries’ Vijay Mallya declared 'wilful defaulter' by United Bank of India
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The wilful defaulter tag stamped on Vijay Mallya by United Bank of India on September 1 will potentially cut off bank finance for UB Group companies, empower banks to change managements at defaulting firms and initiate criminal proceedings against Mallya and force him to quit company boards, LiveMint.com reported.
The Kolkata-based bank has declared Mallya and three Kingfisher Airlines Ltd directors—A.K. Ganguly, Subhash Gupte and Ravi Nedungadi— as wilful defaulters. According to Reserve Bank of India (RBI) guidelines, once a wilful defaulter notice is issued, the borrower has 15 days to defend himself in front of the bank.
“The wilful defaulter tag ensures that the borrower and any firm on the board of which he is a director, will not get a loan from any financial institution henceforth. Banks can also initiate loan recovery options aggressively,” said an official at a state-run bank seeking anonymity, since his bank has an exposure to Kingfisher Airlines.
According to Mint research, Mallya is on the board of Bayer CropScience Ltd, Kingfisher Airlines, Mangalore Chemicals and Fertilizers Ltd, Sanofi India Ltd, United Breweries Ltd, United Breweries (Holdings) Ltd and United Spirits Ltd.
“Creditors and shareholders of these companies should ask the board to remove
...More info on site
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South Africa: SABMiller launching small-scale “speciality” beer brand
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The South African Breweries (SAB) — which commands about a 90% share of the local beer market — is dipping its toes into the fast-growing craft beer segment again, with a small-scale "speciality" brand to be launched later this month, Business Day Live reported on September 1.
The rise of craft beer, typically brewed by independent microbreweries, has been fuelled in recent years by beer festivals and a growing number of restaurants and bars selling their often unique products.
With the belief that the craft beer niche promotes the beer category as a whole, SAB has supported microbreweries by sponsoring festivals, supplying ingredients at cost price and offering its expertise. It has also begun to offer nontraditional types of beers, including its flavoured Flying Fish beer.
Parent company SABMiller — the world’s second-biggest brewer — has also stepped up its focus on the niche segment, particularly in the US where it has launched new craft-styled brands and acquired others.
SAB said last week its new small-batch beer brand, called No3 Fransen Street, would be distributed to only about 70 outlets in Gauteng, and would offer Cream Ale, Irish Red Ale and Krystal Weiss draughts.
The speciality beers would be brewed at SAB’s recently redeveloped Fransen
...More info on site
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India: Kingfisher Premium beer brand proclaimed as one of India’s most valuable brands
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Kingfisher Premium, the flagship brand from United Breweries Limited, has been proclaimed as one of the most valuable Indian brand by the BrandZ™ - Top 50 Most Valuable Indian Brands ranking. Valuated and conducted by Millward Brown in conjunction with WPP, this is the only study in India that keenly measures consumer opinions in gauging a brand's business success.
Apart from being the only beer brand to be featured in the Top 50 ranking, Kingfisher Premium also bagged the award for the 'Most Differentiated Brand' - testimony of the brand's unvarying mantra to 'set the trends' by staying ahead of the curve and giving its consumers a taste of the novel. Renowned for ushering in the 'Good Times', the brand reflects this spirit through its pioneering associations with major sports, fashion and music events.
In India, the survey studied 800 different brands across 60 categories. This intensive in-market consumer research differentiates the Brandz methodology from competitors that rely only on a panel of experts or purely financial and market desk research. Globally the research covers 2 million consumers and more than 10,000 different brands in over 30 countries.
Samar Singh Sheikhawat, Senior Vice President - Marketing, United Breweries Ltd. said, "Kingfisher Premium is
...More info on site
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USA: Philippines’ San Miguel beer expands distribution to three more states
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Due to growing consumer demand in the United States for San Miguel’s beer brands, the Philippines company is expanding San Miguel’s distribution in California, Arizona and Nevada, Inquirer.net reported on September 1.
San Miguel Corporation granted exclusive importing rights to G.K. Skaggs as a result of their successful longstanding partnership.
G.K Scaggs currently imports and distributes San Miguel Beer to 20 of the US States including the leading market of Hawaii.
“We are thrilled that G.K. Skaggs will now be an exclusive importer for San Miguel Beer throughout these new territories. We look forward to the exponential growth of our brand as a result,” San Miguel said in a press statement.
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USA: MillerCoors names new CEO of Tenth and Blake Beer Company
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Coors Distributing Company president Scott Whitley has been tapped as the new CEO of MillerCoors’ craft and import division, Tenth and Blake Beer Company, brewbound.com reported on September, 2.
Effective October 1, Whitley will replace outgoing CEO Tom Cardella, who is retiring at the end of the year.
In a note to employees, MillerCoors CEO Tom Long describes Whitley as a “uniquely qualified” veteran with more than 33 years in the beer industry.
“As president of Coors Distributing Company in Denver since 2008, Scott has gained invaluable experience in growing a diverse portfolio of craft and import brands, including leading brands from Blue Moon Brewing Company and Jacob Leinenkugel Brewing Company,” the letter said.
Tenth and Blake, whose headquarters are in Chicago, markets a variety of craft and import beverages including those from Blue Moon Brewing, Jacob Leinenkugel Brewing, Henry Weinhard’s, Pilsner Urquell, Peroni and Crispin Cider, among others.
Whitley previously held a number of senior roles, including vice president of integration planning at MillerCoors, vice president of global strategy at Molson Coors and chief market development officer at Molson Coors Canada.
Chris Kozina, the current chief of human resources at MillerCoors and the chairman of Coors Distributing’s board of directors, will succeed Whitley as the
...More info on site
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Barley News
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EU: EU Commission increases barley, soft wheat and maize output estimate
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The latest estimates by the EU Commission on August 29 saw it upgrade its soft wheat output estimate by 2.05 mln tonnes, barley by
...More info on site
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China: Once again China’s insufficient barley crop will lead to increased imports
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Once more China will produce a small barley crop, analysts said in a report in August. Jiangsu collected about 300,000 tons of winter malting
...More info on site
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