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E-Malt.com Flash 03a
January 12 - January 14, 2015
Quote of the Week
"Trust in dreams, for in them is hidden the gate to eternity."
Khalil Gibran
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Currency Rates
Base Currency: Euro
on January 14, 2015 |
Base Currency: US Dollar
on January 14, 2015 |
| |
1 EUR = 1.1811 USD
1 EUR = 0.7792 GBP
1 EUR = 1.4130 CAD
1 EUR = 1.4476 AUD
1 EUR = 139.6840 JPY
1 EUR = 3.1522 BRL
1 EUR = 76.1368 RUB
1 EUR = 7.2382 CNY
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1 USD = 0.8468 EUR
1 USD = 0.6598 GBP
1 USD = 1.1964 CAD
1 USD = 1.2257 AUD
1 USD = 118.2750 JPY
1 USD = 2.6689 BRL
1 USD = 64.4643 RUB
1 USD = 6.1285 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| January 14, 2015 |
| Type |
Crop 2014 |
Crop 2015 |
| EUR |
% |
EUR |
% |
| 2rs Barley |
204.00-206.00 |  |
205.00-207.00 |  0.48% |
| 6rw Barley |
176.00-178.00 | 0.56% |
179.00-181.00 | |
| 2rs Malt |
402.00-404.00 | |
401.50-403.50 | 0.30% |
| 6rw Malt |
367.50-369.50 | 0.33% |
369.50-371.50 | |
| Feed Barley |
170.00-172.00 | 1.16% |
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.
Germany: Per capita beer consumption increases in 2014
...Click here
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Japan: Japan’s major brewers shifting focus back to traditional beer
...Click here
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Portugal: Beer consumption estimated to have declined by 1-2% last year
...Click here
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Ethiopia: Heineken confident of expansion potential of Ethiopia beer market
...Click here
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World: Barley trade forecast for 2014/15 lowered to 22.1 mln tons
...Click here
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The Czech Republic: Budejovicky Budvar reports best exports result in 119 years
...Click here
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Australia: Coopers Brewery toasts sales and market share increase in 2014
...Click here
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USA: Constellation Brands says its Modelo Especial poised to overtake Heineken as the No.2 selling imported beer
...Click here
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UK: Carlsberg considering the future of its super-strength brands
...Click here
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Russia: Russia strengthens informal curbs on grain exports ahead of export tax introduction - traders
...Click here
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USA & Germany: Urban Chestnut Brewing Co. acquires German Bürgerbräu Wolnzach brewery
...Click here
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India: United Spirits’ minority shareholders approve entering into agreements with certain Diageo subsidiaries
...Click here
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Mozambique: At least 72 people die of poisoned homebrew
...Click here
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Graph of the week
Table of the week
Materials Used at US Breweries 2000 - October 2014
Barley Prices
Theoretical Malt Prices
These Days in Business History
January 12
1914 Henry Ford announces that he will share the Ford Motor Co.'s profits with its workers by raising wages from $2.34 for a nine-hour day to $5.00 for an eight-hour day.
1970 Boeing 747 makes its maiden voyage
1975 Chrysler Corp offers 1st car rebates
January 13
1785 John Walter publishes 1st issue of London Times
1942 Henry Ford patents a method of constructing plastic auto bodies
January 14
1914 Henry Ford introduces assembly line, for T-Fords
1935 Oil pipeline Iraq-Mediterranean goes into use
1985 British pound sinks to record low-$1.11
Agenda
February 2015:
10-12: International Brewing Awards 2015
11-14: National Winter Ales Festival 2015 (Derby, UK)
21-24: Beer Attraction 2015 (Rimini, Italy)
March 2015:
11-14: Brazilian Beer Festival - Festival Brasileiro da Cerveja 2015 (Blumenau, Brazil)
20-21: BeerX 2015 2015 (Sheffield, UK)
31 March - 02 April: ProPak Vietnam 2015 (Ho Chi Minh City, Vietnam)
April 2015:
14-17: Craft Brewers Conference & BrewExpo America 2015 (Portland, USA)
21-23: Brewer (Pivovar) 2015 (Moscow, Russia)
25-26: Zythos 2015 (Leuven, Belgium)
May 2015:
06-08: bevtec Asia 2015 (Bangkok, Thailand)
07-23: The Czech Beer Festival 2015 (Prague, the Czech Republic)
19-22: Beer (Pivo) 2015 (Sochi, Russia)
24-28: EBC 2015 (Porto, Portugal)
26-28: Alimentaria Mexico 2015 (Mexico City, Mexico)
28-30: Copenhagen Beer Festival 2015 (Copenhagen, Denmark)
28-31: Latvia Beer Fest 2015 (Riga, Latvia)
June 2015:
10-14: Mondial de la Biere 2015 (Montreal, Canada)
July 2015:
01-04: Ollesummer 2015 (Tallinn, Estonia)
15-17: Brasil Brau 2015 (Sao Paulo, Brazil)
August 2015:
11-15: The Great British Beer Festival 2015 (London, UK)
September 2015:
19 September - 14 October: Oktoberfest 2015 (Munich, Germany)
24-26: Stockholm Beer & Whisky Festival 2015 (Stockholm, Sweden)
October 2015:
01-03: Stockholm Beer & Whisky Festival 2015 (Stockholm, Sweden)
November 2015:
10-12: Brau Beviale 2015 (Nuremberg, Germany)
More events are available on site e-malt.com
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Brewery News
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Germany: Per capita beer consumption increases in 2014
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German beer consumption saw a slight uptick in 2014, according to estimates by the German Brewers Association on January 12, which would mean a
...More info on site
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Japan: Japan’s major brewers shifting focus back to traditional beer
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Japan’s four major brewers are shifting their focus back to beer in response to the saturation of markets for happoshu low-malt quasi-beer and so-called
...More info on site
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Portugal: Beer consumption estimated to have declined by 1-2% last year
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In 2014, beer consumption in Portugal registered a small decline of 1-2%, but the drop was due to weather and not economy, Sapo reported
...More info on site
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Ethiopia: Heineken confident of expansion potential of Ethiopia beer market
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Heineken is betting on Ethiopia's rising incomes to fuel rapid expansion of the beer market in Africa's second most populous country, where the group is the first of the big international brewers to build a new plant, Reuters reported on January 12.
Ethiopia's average annual beer consumption of some 5 litres per capita is about half the average level for sub-Saharan Africa, excluding South Africa, offering scope for expansion among the population.
Heineken's African and Middle East regional president Siep Hiemstra said in an interview on January 12 that Ethiopians were used to fermented drinks and also grew barley, used in beer making.
"It's a country, where as a brewer, you believe you should be there ... One can expect that there will be rapid expansion of the brewing industry," he said.
Ethiopia's economy is expanding at about 9 percent per year, sturdy growth that led to its debut $1 billion Eurobond being oversubscribed last month.
The world's major brewers have turned to emerging markets such as Africa for growth because consumer spending in Europe is sluggish and the United States offers only limited expansion opportunities.
Heineken is the market leader in Europe, responsible for half of group revenue and about a third of its operating
...More info on site
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The Czech Republic: Budejovicky Budvar reports best exports result in 119 years
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Czech state-owned brewery Budejovicky Budvar, which has been fighting a long legal battle with U.S. beer giant Anheuser-Busch over the use of the "Budweiser" brand, says its overall output and exports reached record highs in 2014, AP reported.
Budejovicky Budvar NP says exports rose by 6 percent to reach 813,000 hectolitres of beer, the best result in 119 years.
Budvar exported to 70 countries last year, five more than the previous year. Overall output reached 1.457 million hectolitres, up 2.5 percent from 2013.
Profit figures from the brewery are due in April.
Both Budvar and Anheuser-Busch — which was taken over by Belgian brewer InBev in 2008 to form AB InBev — claim exclusive right to the Budweiser name.
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Australia: Coopers Brewery toasts sales and market share increase in 2014
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Australia’s privately-owned Coopers Brewery has defied the national downturn in beer consumption, notching up a 7.4 per cent increase in sales over the past calendar year, The Australian reported on January 14.
The South Australian brewer sold a record 77.3 million litres of beer in 2014, giving the independent a 5 per cent share of the Australian market.
Growth was driven by Coopers’ expansion outside its home state, as well as a rise in offshore sales. Indeed exports now make up a little over 10 per cent of Coopers’ total sales.
“Exports were also up 7.2 per cent as the impact of the falling Australian dollar begins to take effect,” said Coopers managing director Tim Cooper.
At the same time, Coopers notched up double digit sales growth in Western Australia, Queensland and Victoria.
South Australia remains Coopers’ largest market, with 25.8 per cent of total sales, just ahead of New South Wales with 25.7 per cent.
Coopers is planning to spend A$4.5 million this year to expand the capacity of its Adelaide brewery, including installing an additional four fermenters.
The Australian beer market has failed to generate sales growth since 2009.
The 153-year old Coopers is an unlisted public company owned by around 150 members of the Coopers family.
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USA: Constellation Brands says its Modelo Especial poised to overtake Heineken as the No.2 selling imported beer
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Constellation Brands announced on January 8 that its Mexican beer brand Modelo Especial is poised to overtake Heineken as the No.2 selling imported beer in the US.
“Continued investment in national Hispanic TV helped propel the continued growth of this brand, which posted consumer retail take away volume trends of more than 20% in IRI channels during the quarter,” CEO Rob Sands told analysts during an investor call on his firms’ Q3 2015 results.
Net sales rose 7% on a comparable basis to $1.542 bln for Q3 fiscal 2015 and net income rose 14% on the same basis to $248 mln, as Constellation reaped the benefits of what CEO Rob Sands described as “exceptional ongoing momentum for our beer business”.
Sands said Modelo Especial had a “huge runway for growth” and was currently at about 60% ACV in IRI with the product still skewed from a demographic point of view towards Hispanics, though he believes penetration with this population isn’t what it could be.
“Because the brand is expanding into the general market now so well we’ve introduced general market television advertising which we think is going to accelerate the growth of this product even further.”
Glossing a ramp-up in distribution of Modelo
...More info on site
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UK: Carlsberg considering the future of its super-strength brands
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Carlsberg is considering a range of options in the UK over its super-strength lager brands Special Brew and Skol Super, including cutting their ABVs, as part of the country's government's Responsibility Deal.
The brewer announced late last month it will meet a pledge to stop selling cans containing four units of alcohol or more. The 50cl formats of Special Brew and Skol Super, both with an ABV of 9%, do not currently meet this pledge.
The Danish firm's UK unit is looking at changing the size of serve for the brands, or reducing their strength, industry sources report. Any changes will be made by this autumn.
Skol Super is only available in a 50cl can, while Special Brew currently comes in 50cl and 44cl cans and a 27.5cl bottle.
“It is clearly down to individual consumers how they drink our products, but to help create this responsible drinking environment, we will be reviewing our portfolio and withdrawing any single-serve cans containing over four units of alcohol from sale during 2015,” said Bruce Ray, Carlsberg UK's corporate affairs director.
Last July, Carlsberg's rival Anheuser-Busch InBev confirmed it was stopping production of its 9% abv Tennent's Super Lager in the UK as part of the Responsibility Deal.
The
...More info on site
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USA & Germany: Urban Chestnut Brewing Co. acquires German Bürgerbräu Wolnzach brewery
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An upstart St. Louis, Missouri, craft brewer is headed to Germany, a country rich in beer history, to open its third brewery in five years, St. Louis Post Dispatch reported on January 9.
Urban Chestnut Brewing Co. has acquired the Bürgerbräu Wolnzach brewery in Wolnzach, which is about 35 miles north of Munich.
The St. Louis-based company plans to brew small batches of beer at the Bavarian facility in the second quarter of 2015. Financial terms of the acquisition were not disclosed.
Bavaria is the homeland of Urban Chestnut’s co-founder and brewmaster Florian Kuplent, a former Anheuser-Busch brewmaster who started Urban Chestnut with David Wolfe in 2011. Wolnzach, situated in the world’s largest hops producing region, is home to the German Hops Museum.
The Bürgerbräu Wolnzach brewery stopped production about six months ago, and Urban Chestnut seized the opportunity to acquire it, Kuplent said in a phone interview from Germany. Urban Chestnut began expanding sales to Germany in 2013 and has been looking for a brewery there.
“We buy a lot of ingredients from Germany and I go there often to visit my family,” Kuplent said, adding that the timing of the acquisition wasn’t planned. “It happened more quickly than we thought,” he said.
Urban Chestnut
...More info on site
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Mozambique: At least 72 people die of poisoned homebrew
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At least 72 people who drank a homemade beer at a funeral in Mozambique over the weekend have died, health officials said on January 13. Authorities believe that the beer, a traditional millet-based brew called pombe, was poisoned during the course of the funeral, The Washington Post reported.
While the death toll has gone up, the number of individuals hospitalized from the beer has dropped dramatically. There are currently 35 in the hospital following the apparent poisoning, regional health official Paula Bernardo told the Associated Press. On January 12, more than 169 people were reportedly still seeking treatment.
“As we prepared to determine the cause of death of people we began to receive a lot of people with diarrhea and other muscle aches. After that we began to receive dead bodies from several neighborhoods,” Bernardo told a state-run radio station in Mozambique.
Officials believe that the brew was poisoned some time during the daylong funeral, but have few leads on the cause or motivation. Those who drank the brew only in the morning had no signs of illness, the Associated Press reported on January 12. But those who drank in the afternoon were sick by the next morning.
The woman who brewed the beer
...More info on site
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Barley News
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World: Barley trade forecast for 2014/15 lowered to 22.1 mln tons
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USDA in its January report said Australian barley export forecast for 2014/15 is raised 200,000 tons to 4.5 million on larger-than-expected carry-in and strong
...More info on site
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Russia: Russia strengthens informal curbs on grain exports ahead of export tax introduction - traders
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Russia has strengthened informal curbs on grain exports since the start of the year, further complicating trading before the introduction of an export tax, a Russian grain exporters' lobby said on January 13 in a letter to officials.
Russia, expected to be the world's fourth-largest exporter this year, hopes export curbs will cool domestic grain prices and constrain food inflation as it tackles a financial crisis linked to plunging oil prices and Western sanctions.
These curbs "complicate trading operations and completely stop them from time to time", the National Association of Exporters of Agricultural Products said in a letter to Deputy Prime Minister Arkady Dvorkovich and other officials.
Moscow imposed tougher quality monitoring in December and later decided to impose a tax on grain exports from Feb. 1.
The grain exporters' group listed a new set of curbs, including more and longer quality monitoring by food safety watchdog Rosselkhoznadzor and delays on getting the final documents needed from ports for loaded ships to set sail.
The association, which accounts for more than 75 percent of the country's grain exports, asked the government to ease the curbs so traders could meet their contracts before the export tax is imposed.
The tax, or a duty on wheat exports,
...More info on site
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Whisky News
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India: United Spirits’ minority shareholders approve entering into agreements with certain Diageo subsidiaries
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United Spirits Ltd (USL) on January 10 said its minority shareholders have approved a proposal to enter into licensing and cost sharing agreements with certain subsidiaries of its parent Diageo Plc, which was rejected earlier last year, The Economic Times reported.
In a filing to the BSE, the company said a special resolution was approved by the shareholders "with requisite majority" at an extraordinary general meeting held on January 9.
The company said 76.33 per cent of the minority shareholders approved its proposal, a tad over the 75 per cent requirement.
Although the promoter and promoter groups are required to abstain from voting, the filing said United Breweries (Holdings) Ltd, holding 2.90 per cent shares of the United Spirits and Kingfisher Finvest India Ltd, holding 1.14 per cent of the share capital, have exercised their votes in favour of the special resolution.
"Pursuant to the terms of the extra general meeting notice, the scrutiniser has invalidated the votes exercised by these entities," it added.
The proposal included entering into licence for manufacture and sale agreements, distribution, cost sharing and other agreements by the company with its holding company Diageo Plc, the filing added.
The approval by the minority shareholders comes nearly two months after they had
...More info on site
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