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Flash Summary
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E-Malt.com Flash 35a
August 29 - August 31, 2016
Quote of the Week
Amateurs sit and wait for inspiration, the rest of us just get up and go to work.
Stephen King
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Currency Rates
Base Currency: Euro
on August 31, 2016 |
Base Currency: US Dollar
on August 31, 2016 |
| |
1 EUR = 1.1168 USD
1 EUR = 0.8517 GBP
1 EUR = 1.4562 CAD
1 EUR = 1.4787 AUD
1 EUR = 114.2700 JPY
1 EUR = 3.5991 BRL
1 EUR = 72.5013 RUB
1 EUR = 7.4565 CNY
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1 USD = 0.8956 EUR
1 USD = 0.7639 GBP
1 USD = 1.3044 CAD
1 USD = 1.3250 AUD
1 USD = 102.4000 JPY
1 USD = 3.2349 BRL
1 USD = 64.9072 RUB
1 USD = 6.6778 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| August 31, 2016 |
| Type |
Crop 2016 |
| EUR |
% |
| 2rs Barley |
186.50-188.50 |  0.53% |
| 6rw Barley |
171.00-173.00 | 0.58% |
| 2rs Malt |
382.50-384.50 | 0.32% |
| 6rw Malt |
363.50-365.50 | 0.34% |
| Feed Barley |
136.00-138.00 | 1.44% |
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.
China: Tsingtao Brewery’s first-half earnings fall 11%
...Click here
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China: China’s two leading brewers tumble further in the first six months of this year
...Click here
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Vietnam: Heineken buys Carlsberg’s brewery in south Vietnam
...Click here
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China: Beijing Yanjing Brewery’s sales drop 10.6% in the first half of this year
...Click here
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Belgium: Heineken in the race to acquire Belgium’s Bosteels craft brewery - report
...Click here
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Africa: AB InBev to continue developing SABMiller’s partnership with Castel Group
...Click here
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Vietnam: Vietnam urges Habeco and Sabeco brewers to dilute state ownership
...Click here
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Russia & Ukraine: Barley crop up in both Russia and Ukraine this year
...Click here
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UK & China: Chinese market now open to British barley
...Click here
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Japan: Japanese beer expected to remain in Japan’s hands
...Click here
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Thailand: Thai Beverage enjoys frothy rise this year
...Click here
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Japan & South Korea: Japanese beer becoming increasingly popular in South Korea
...Click here
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Graph of the week
Table of the week
EU Barley Malt Export
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
HOPS DO NOT NECESSARILY
NEED TO TOUCH BEER FOR
DRY HOPPING PURPOSES
ABSTRACT
A German research team that came up with the idea of
extracting hop aroma into beer by applying a combined
desorption/absorption process. The process-dependent
mass transfer was predicted using two different
approaches: a thermodynamic approach, and response
surface modelling. The methods offer the following
advantages: no beer losses, no clarification steps
needed, potential reuse of hops for bittering. Using
response surface methodology was clearly superior
as compared to calculating the mass transfer using
thermodynamic approximations.
Klie, R.: Feasibility and Optimization of a Novel Desorption/ Absorption Process for
Transferring Hop Volatiles into Beer, poster presentation at the Trends in Brewing Conference,
April 2016, Ghent.
Read more
Source: Barth Innovations
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These Days in Business History
29 August
1831 - Michael Faraday demonstrates 1st electric transformer
1854 - Self-governing windmill patented (Daniel Halladay)
1885 - Gottlieb Daimler registers his "Reitwagen" ("riding carriage") as German patent DRP No. 36423
1922 - The first radio advertisement is broadcast on WEAF-AM in New York City
30 August
1895 - Belgium begins compulsory Roman Catholic education
1979 - 1st recorded occurrance-comet hits sun (energy=1 mil hydrogen bombs)
1993 - 150,000,000 millionth visitor to Eiffel Tower
31 August
1895 - Thomas Edison patented his movie camera (Kinetograph)
1918 - Belgium starts paying old age pensions
1997 - Diana Spencer, princess of England, dies in car crash in Paris at 36
Agenda
August 2016:
05-07: The 20th International Berlin Beer Festival (Berlin, Germany)
09-13: The Great British Beer Festival 2016 (London, UK)
10-13: Vietfood & Beverage - ProPack 2016 (Ho Chi Minh, Vietnam)
13-17: World Brewing Congress 2016 (Denver, USA)
September 2016:
08-10: Irish Craft Beer Festival 2016 (Dublin, Ireland)
14-15: Food and Drink Technology Africa 2016 (Johannesburg, South Africa)
19-03 October: Oktoberfest 2016 (Munich, Germany)
24-25: Whisky Live Paris 2016 (Paris, France)
26-28: VLB Ibero-American VLB Symposium 2016 (Santiago de Chile, Chile)
28-30: Beer and Soft Drinks Industry - 2016 (Kyiv, Ukraine)
29-01 October: Stockholm Beer & Whisky Festival 2016 (Stockholm, Sweden)
October 2016:
06-08: Stockholm Beer & Whisky Festival 2016 (Stockholm, Sweden)
06-08: Great American Beer Festival 2016 (Denver, USA)
08-10: Brouwplus 2016 (Antwerp, Belgium)
11-14: China Brew, China Beverage 2016 (Shanghai, China)
21-23: The Finest Spirits & Beer Convention 2016 (Bochum, Germany)
November 2016:
08-10: Brau Beviale 2016 (Nuremberg, Germany)
09-12: Vietfood & Beverage - ProPack 2016 (Hanoi, Vietnam)
December 2016:
15-17: drink technology India 2016 (Mumbai, India)
More events are available on site e-malt.com
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Brewery News
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China: Tsingtao Brewery’s first-half earnings fall 11%
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Tsingtao Brewery Co., China’s second-largest beermaker by market value, reported earnings fell 11 percent in the six months ended June as poor weather and
...More info on site
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China: China’s two leading brewers tumble further in the first six months of this year
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Earnings at China's two leading brewers tumbled further in the first six months of this year as a slowing economy and changing consumer preferences
...More info on site
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Vietnam: Heineken buys Carlsberg’s brewery in south Vietnam
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Heineken NV’s expansion of its production in Vietnam by taking over a brewery from rival Carlsberg A/S highlights growing interest by global beer brands
...More info on site
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China: Beijing Yanjing Brewery’s sales drop 10.6% in the first half of this year
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Sales by Beijing Yanjing Brewery during the six months to the end of June fell to Rmb6.29 bln ($942 mln), down 10.6 per cent
...More info on site
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Belgium: Heineken in the race to acquire Belgium’s Bosteels craft brewery - report
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Dutch beer giant Heineken is in the race to acquire Belgian specialty brewery Bosteels, Belgian business newspaper De Tijt reported on August 30 citing
...More info on site
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Africa: AB InBev to continue developing SABMiller’s partnership with Castel Group
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Brewer Anheuser-Busch InBev said on August 30 that following its takeover of rival SABMiller it plans to continue developing SAB's partnership with France's Castel
...More info on site
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Vietnam: Vietnam urges Habeco and Sabeco brewers to dilute state ownership
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Vietnam has urged its major businesses, including the two biggest beer producers Habeco and Sabeco and leading dairy firm Vinamilk, to dilute state ownership. In the private sector, VinaCapital and Shinhan BNP Paribas Asset Management have joined hands to enable Korean investors to participate in the Vietnam market, DEALSTREETASIA reported on August 31.
Vietnam’s new Prime Minister has announced the intention to publicly list the country’s two largest brewers, Sabeco and Habeco, before the state divests its controlling stakes in these businesses, according to a government report.
The move will assure transparency, said the report, which added that there will be no distinction between domestic or international buyers as the state sells stake in the beverage majors.
However, the government portal also clarified that it will retain the local brands of Habeco and Sabeco, along with dairy product firm Vinamilk, the country’s largest company by market capitalization.
DEALSTREETASIA reported earlier that the Vietnamese industry and trade ministry had planned to list Sabeco on the Ho Chi Minh City Stock Exchange, after the decision to sell a 53 per cent stake in one tranche, to trim the holding to a minority of 36 per cent.
Nine local and foreign companies have
...More info on site
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Japan: Japanese beer expected to remain in Japan’s hands
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In an era when Budweiser is sold by a Belgium-based company and California’s Lagunitas IPA is partly Dutch-owned, Japanese beer has remained in Japan’s
...More info on site
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Thailand: Thai Beverage enjoys frothy rise this year
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Amid a largely tepid Singapore bourse, Thai Beverage has stood out with its frothy rise this year, attracting investors with its dominance in Thailand's alcohol market and strong earnings growth, the Straits Times reported on August 29.
And while the counter has cooled slightly recently owing to some profit-taking, market watchers still see ThaiBev as a good buy for the long term, as the company continues to achieve a deeper market share and wider regional presence.
Since the start of the year, ThaiBev has gained 48.2 per cent to 99 cents at the last close, easily the best performer of the 30 Straits Times Index component stocks. The next best was Sats, up 28.5 per cent. Overall, the STI has declined 0.87 per cent so far this year.
ThaiBev's surge - part of a gradual build-up since 2012 and far above the initial public offering price of 28 cents - has defied January's stock market volatility and the Brexit-triggered panic in June.
The company - controlled by Thai billionaire Charoen Sirivadhanabhakdi as chairman and his son Thapana as chief executive - is now the fifth largest on the STI, with a market value of S$24.86 billion, behind Singtel, DBS Group Holdings, OCBC and United
...More info on site
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Japan & South Korea: Japanese beer becoming increasingly popular in South Korea
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Japanese beer is becoming increasingly prominent in South Korea, where its popularity is growing mainly among young people due to its deeper flavors and finer beer head than domestic brews, The Youmiuri Shimbun reported on August 29.
Because the main alcoholic drink in South Korea is shochu, a distilled beverage, the overall beer market is not large. However, Japanese beer imports to the country have been continuously increasing and there is significant room for market development due to the drinks’ novelty and good taste.
According to research company Canadean Ltd., the sales volume of beer in South Korea in 2015 was 2.34 million kilolitres — less than half that of Japan. In South Korea, Hite Jinro Co. and Oriental Brewery Co. are the top two beer companies, with a more than 80 percent combined market share.
Imported beer accounts for only about 10 percent of the market. In 2010, Asahi Breweries Ltd. renewed the TV commercials for its major Super Dry brand to promote the beer head and quality of the product, which sells well at restaurants and convenience stores.
Asahi’s sales in 2015 were 2½ times higher than five years before, at 27,000 kilolitres. The company’s more than 20 percent share of the
...More info on site
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Barley News
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Russia & Ukraine: Barley crop up in both Russia and Ukraine this year
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After a bad start last fall, weather conditions in Russia and Ukraine provided for very large crops of wheat and barley, H. M. Gauger
...More info on site
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UK & China: Chinese market now open to British barley
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UK’s cereal growers are on the verge of a "brave new world" as the Chinese market is now open to exports of barley, AHDB Cereals has said.
This year, the Chinese are looking to import seven million tonnes and the UK could have as much as 150,000 tonnes worth £20 million available.
All the necessary permissions are now in place to give the UK access to mainland China which is a massive and growing market.
Though the harvest has not yet finished there will be a surplus which could find a ready home in the Far East as China requires grain from assured sources.
AHDB Head of Crops Export Trade Development, Rob Burns said: “Our export team worked for years to gain access to the market and now we have opened the doors, it is a market that can be developed.
“We are in a strong position as in previous years we have had about a million tonnes of barley available for export each year.”
Demand for barley in China has been growing fuelled by a large and fast-growing beer market while domestic production has, at the same time, been in decline.
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 Hops News
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USA: 2016 to be a record year for US hop farmers
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The 2016 hop harvest season is upon us and according to the experts, this is going to be a record year, with the total amount of acreage farmers dedicated to hops in 2016 up 17 percent and harvest yields expected to range between average and exceptional. Still, the hop industry looks at the situation with as much caution as they do exuberance, according to information published by Hop Growers of America.
Following last year’s dismally dry growing seasons in both the U.S. and Europe, brewers without hop contracts struggled to get their hands on those precious, popular hop varieties that beer drinkers crave. Hopefully this year’s strong crop helps remedy that situation. As usual, breweries with hop contracts should not be affected either way.
Hop contracts, which are long-term agreements between hop suppliers and breweries, guarantee (in theory at least) that breweries will get all the hops and the particular varieties they need at an established price, protecting breweries from inevitable market fluctuations and helping farmers plan for the future. Among other things, hop contracts help farmers secure the loans needed to expand their hop acreage. Still, in private conversations, some brewers will tell you they feel hogtied and held hostage by
...More info on site
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