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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 Barley prices
RombBullet Theoretical malt prices
RombBullet Scientific digest
RombBullet Business history
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E-Malt.com Flash 48b
November 26 - November 29, 2015

Quote of the Week

Who does not know beer, does not know what is good. Beer makes the home pleasant.
Sumerian proverb

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Currency Rates

Base Currency: Euro
on November 27, 2015
Base Currency: US Dollar
on November 27, 2015
      1 EUR = 1.0612 USD
1 EUR = 0.7028 GBP
1 EUR = 1.4119 CAD
1 EUR = 1.4685 AUD
1 EUR = 130.0600 JPY
1 EUR = 3.9935 BRL
1 EUR = 69.7034 RUB
1 EUR = 6.7805 CNY
      1 USD = 0.9420 EUR
1 USD = 0.6618 GBP
1 USD = 1.3298 CAD
1 USD = 1.3826 AUD
1 USD = 122.6000 JPY
1 USD = 3.7442 BRL
1 USD = 65.7229 RUB
1 USD = 6.3794 CNY

Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend

November 27, 2015
Type Crop 2015 Crop 2016
2rs Barley 178.00-180.00 - 192.00-194.00 -
6rw Barley 161.00-163.00 - 162.00-164.00 -
2rs Malt 369.00-371.00 - 385.50-387.50 -
6rw Malt 348.00-350.00 - 348.50-350.50 -
Feed Barley 157.00-159.00up0.64% 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 Brazil: Brewers hope December will improve the annual sales statistics ...Click here
Brewery news The Netherlands & India: Heineken increases stake in India’s United Breweries ...Click here
Brewery news India: United Breweries not expected to be shaken off its pedestal in India despite global consolidation ...Click here

Whisky news India & China: Pernod Ricard expects India to overtake China as its second-largest market by sales shortly ...Click here

More Industry News

Brewery news South Africa: Competition Tribunal approves Diageo’s purchase of remaining 50% in Brandhouse Beverages ...Click here
Brewery news The Czech Republic & Vietnam: Czech beer becomes increasingly popular with consumers in Vietnam ...Click here
Brewery news Thailand: Brewers and homebrewers slowly and surely changing the beer scene in Thailand ...Click here
Brewery news New Zealand: Moa Group registers a smaller first-half loss ...Click here
Brewery news India: Bihar chief minister bans alcohol in the state ...Click here

Graph of the week

Table of the week

EU Barley Malt Export

Table of the week.
Barley Prices

Theoretical Malt Prices

Scientific Digest

Less skunky with more hops

Sunstruck flavor is a widely known off-flavor in beer often described as skunky. It occurs when beer is exposed to sunlight during storage owing to photodecomposition of isohumulonein the presence of riboflavin. Polyphenols are known to be off-flavor inhibitors. Since hops are rich in polyphenols the aim of this study was to specify a suitable hop product and the process parameters to reduce the sunstruck flavor perception in beer. Because of the high total and single polyphenol content the tannin extract was selected for further trials. After exposure to light, the tasting results concluded that the higher the tannin extract level the lower the sunstruck perception.

Read more
Source: Barth Innovations

These Days in Business History

26 November
1885 - 1st meteor photograph
1925 - Netherlands and Germany sign trade agreement
1987 - Matsushita purchases the movie and entertainment company MCA Inc. for $6.6 billion

27 November
1895 - Alfred Nobel establishes Nobel Prize
1962 - 1st test flight of the Boeing 727 takes place

28 November
1895 - The Chicago Times-Herald sponsors the first automobile race in U.S. history. The winner’s average speed clocks in at roughly 7 mph
1946 - 1st Polaroid camera sold

29 November
1775 - Sir James Jay invents invisible ink
1877 - Thomas Edison demonstrates hand-cranked phonograph
1993 - CNN/fn, the financial network by Turner Enterprises, launched


November 2015:
10-12: Brau Beviale 2015 (Nuremberg, Germany)
19-22: Mondial de la Biere - Rio 2015 (Rio de Janeiro, Brazil)

World Beer Cup 2016

February 2016:
05-07: Alltech Craft Brews & Food Fair 2016 (Dublin, Ireland)
06-07: Bruges Beer Festival 2016 (Bruges, Belgium)
17-20: Camra's National Winter Ales Festival 2016 (Derby, UK)
19-21: Mondial de la Biere 2016 (Mulhouse, France)
20-23: Beer Attraction 2016 (Rimini, Italy)

March 2016:
01-03: ProPak Vietnam 2016 (Ho Chi Minh City, Vietnam)
09-12: Brazilian Beer Festival 2016 (Blumenau, Brazil)
14-18: IBD Asia Pacific Convention 2016 (Sydney, Australia)
16-18: BeerX 2016 (UK)

April 2016:
03-07: Trends in Brewing 2016 (Ghent, Belgium)

May 2016:
03-06: Craft Brewers Conference & BrewExpo America 2016 (Philadelphia, USA)
19-21: Copenhagen Beer Festival 2016 (Copenhagen, Denmark)

June 2016:
08-12: Mondial de la Biere 2016 (Montreal, Canada)

August 2016:
09-13: The Great British Beer Festival 2016 (London, UK)
13-17: World Brewing Congress 2016 (Denver, USA)

More events are available on site e-malt.com

BreweryBrewery News Brewery

Brewery newsBrazil: Brewers hope December will improve the annual sales statistics
Ambev president, Bernardo Pinto Paiva, hopes that December beer sales will help improve the overall sales situation this year, Valor Economico reported on November ...More info on site

Brewery newsThe Netherlands & India: Heineken increases stake in India’s United Breweries
Heineken International NV, the maker of Heineken beer, has increased its stake in United Breweries as it bought shares worth Rs 39.48 crore in ...More info on site

Brewery newsIndia: United Breweries not expected to be shaken off its pedestal in India despite global consolidation
The global consolidation in beer may have upended the pecking order of players internationally, but the Indian line-up stays put for now. United Breweries ...More info on site

Brewery news South Africa: Competition Tribunal approves Diageo’s purchase of remaining 50% in Brandhouse Beverages
South Africa's Competition Tribunal has approved Diageo’s purchase of the 50 percent stake it did not already own in local firm Brandhouse Beverages from Heineken, iNVEZZ reported on November 26.

Earlier this year, Diageo and the Dutch brewer ended their distribution joint venture in South Africa, basing the decision on their belief that the respective businesses would fare better alone.

The two drinks companies said that they would call time on the partnership three years earlier than planned, underscoring divergent interests with the spirits and beer categories having performed very differently in recent years.

As part of the deal, Diageo agreed to sell its 25 percent equity stake in South Africa’s Sedibeng brewery to Namibia Breweries and its 15 percent equity stake in Namibia Breweries and 42.25 percent equity stake in Diageo Heineken Drinks, to Heineken. In return, Diageo agreed to acquire the remaining shares it does not already own in Brandhouse Beverages – the joint venture established in 2004 between the drinks giant, Heineken International and Namibia Breweries. The venture was established to sell Diageo’s spirit, RTD, cider and Guinness brands alongside the two other companies’ beer portfolio. On November 25, the Competition Tribunal approved the move on condition that it ...More info on site

Brewery news The Czech Republic & Vietnam: Czech beer becomes increasingly popular with consumers in Vietnam
Czech beer is becoming increasingly popular in Vietnam, and the Vietnamese show a growing demand for restaurants brewing beer under the supervision of Czech brewers, the daily Lidové noviny (LN) wrote on November 27.

Czech brewers have already built around 20 mini breweries in Vietnam, with an annual capacity of several thousand hectolitres each, LN notes.

“Unlike other Asian countries which prefer sweet beer, the Vietnamese drink the Czech type of beer a lot. … This is partly because a number of Vietnamese got used to the European style during their studies or work (in the Czech Republic) and want to have the same after they return home. The number of offers from Vietnam is increasing,” Jan Šuráň, the head of the Czech association of mini breweries, told the daily.

Josef Krýsl, a brewer from Plzeň, western Bohemia, built one brewery in Vietnam several years ago. Now he has received an offer to take part in a project entailing the construction of up to 30 mini breweries, according to LN.

The company LUKR of Krýsl’s brother Luboš and the company Pivo Praha were the first ones to launch the construction of restaurant mini breweries in Vietnam in 2001. They built and put into operation ...More info on site

Brewery news Thailand: Brewers and homebrewers slowly and surely changing the beer scene in Thailand
Koh Kret is a small island located about 20 kilometers north of Thailand's capital city in Nonthaburi province. It's where Wichit Saiklao - friends call him P'Chit - founded Chit Beer, his open-air, riverside microbrewery and the de facto home base of a growing resistance to long-standing laws prohibiting Thai people from brewing and distributing their own beer, CNN reported on November 27.

As outlined in the country's 1950 Liquors Act, those caught doing so face a nominal fine of 200 baht (about $5.50) for brewing, and another 5,000 baht ($140) and/or six months in jail for selling it.

Since launching Chit Beer in 2012, P'Chit has not only committed both acts openly - and paid 10,000 baht ($280) in fines following a minor sting operation - but also trained scores of aspiring homebrewers at his on-site Brewing Academy.

"We all know that brewing is illegal, and I know they can come any time they want and shut this down," says P'Chit.

"But at the same time I want change, and I think the only way we can create change is to create an army of brewers."

On weekdays P'Chit, an active colonel in the Royal Thai Army, manages two IT firms and teaches electrical ...More info on site

Brewery news New Zealand: Moa Group registers a smaller first-half loss
Moa Group confirmed a smaller first-half loss as increased sales volumes helped widen its gross margin, and as the unprofitable craft beer brewer slashed its spending on sales and marketing, The Scoop reported on November 27.

The loss narrowed to NZ$1.7 million, or 3.5 cents per share, in the six months ended Sept. 30, from a loss of NZ$3.2 million, or 9.5 cents, the Auckland-based company said in a statement. Revenue rose 32 percent to NZ$3.3 million on a 43 percent increase in the volume of beer sold to 978,000 litres, while gross margin widened to 29 percent from 20 percent a year earlier.

Total expenses dropped 30 percent to NZ$2.7 million, due largely to a 36 percent decline in Moa's spending on sales and marketing to NZ$1.1 million.

"The board is focused on ensuring bottom line performance continues to improve by increased sales, better margins and tight control of costs," the company said. "The focus markets for Moa remain New Zealand and Australia where our channel to market includes our own sales team."

The company overhauled its business strategy in late 2013, changing to a direct distribution model, shifting focus to the New Zealand and Australian markets, and outsourcing much of its beer ...More info on site

Brewery news India: Bihar chief minister bans alcohol in the state
Shares of liquor making companies were battered on November 26 after Bihar chief minister Nitish Kumar said he was fulfilling his poll promise of banning alcohol in the state, The Economic Times reported.

Bihar, Kumar, said will formulate a plan of banning liquor in the state from April 1, 2016. Stock market analysts, however, were not much worried and feel there was nothing more than sentimental impact to the November 26th's fall in liquor stocks. Liquor stocks have witnessed a sharp rally in the past couple of months after announcement of global mergers and takeovers in the segment.

Diageo-controlled United Spirits, UP based Radico Khaitan and United Breweries were the stocks that fell the most as the news of Bihar banning alcohol broke on television channels. While not all companies give state wise break-up of revenues, analysts say less than 3% of United Spirits revenue came from the state.

"At such times, street tends to act more fearful and extrapolate things," said Rajat Rajgariah, head of research, at Mumbai based brokerage Motilal Oswal. "This is more of a sentiment dampener than a number dampener."

United Spirits fell Rs 159 or 4.74% to close at Rs 3,211. Before the news the stock had touched a ...More info on site

WhiskyWhisky News Whisky

Whisky news India & China: Pernod Ricard expects India to overtake China as its second-largest market by sales shortly
Pernod Ricard SA, Europe's second-biggest distiller, expects India to overtake China as its second-largest market by sales shortly as it expects its operations in India to post double-digit growth over the next five to 10 years, Reuters reported citing top executives of the group.

India currently contributes 9 per cent to the group's total sales and is being seen as key growth driver.

"Because of the growth in the middle class and the size of the whisky market in India, we are confident we can keep posting double-digit growth," Pernod Ricard finance chief Gilles Bogaert told Reuters in an interview, adding “It's a fair assumption, based on the growth pattern, that India will soon overtake China from a sales standpoint."

Pernod Ricard, the owner of several brands including Chivas Regal whisky, Absolut vodka, Jameson whiskey and Martell cognac, is also looking to augment its imported brands portfolio in the country, said Guillaume Girard-Reydet, chief executive of its India business.

Meanwhile, the group is looking to launch new products and acquire some brands in its top two markets—the US and China—to perk up growth in these markets.

For the medium term, the group has set an annual sales growth target of 4-5 per cent ...More info on site

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