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E-Malt.com NewsLetter
Flash Summary

RombBullet Quote of the week
RombBullet Currency rates
Important Industry job opportunities
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


Job.gif JOB ANNOUNCEMENT: Ganzberg Brewery Cambodia (June 2016)


Last five Flashes


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Last five graphs

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Last five tables

All e-malt.com tables are published in e-malt.com Statistics section. The Statistics section includes Barley statistics, Malt statistics and Beer statistics. The tables related to barley are published in Barley Statistics section, the tables related to malt in Malt Statistics section and the tables related to beer in Beer Statistics section.



Last five prices evolution



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E-Malt.com Flash 12a
March 20 - March 22, 2017

Quote of the Week

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Currency Rates


Base Currency: Euro
on March 22, 2017
Base Currency: US Dollar
on March 22, 2017
      1 EUR = 1.0802 USD
1 EUR = 0.8675 GBP
1 EUR = 1.4349 CAD
1 EUR = 1.3969 AUD
1 EUR = 121.5800 JPY
1 EUR = 3.3175 BRL
1 EUR = 61.7308 RUB
1 EUR = 7.4418 CNY
      1 USD = 0.9274 EUR
1 USD = 0.8053 GBP
1 USD = 1.3333 CAD
1 USD = 1.2955 AUD
1 USD = 112.4100 JPY
1 USD = 3.0737 BRL
1 USD = 57.2323 RUB
1 USD = 6.8966 CNY


Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend


March 22, 2017
French Barley/Malt
Crop 2016
Bulk
EUR/T %
2RS Malting Barley (FOB Creil) 181.50-183.50 -
6RW Malting Barley (FOB Creil) 161.00-163.00 up0.62%
2RS Malt (FOB Antwerp) 380.00-382.00 -
6RW Malt (FOB Antwerp) 355.00-357.00 up0.35%
Feed Barley (FOB Creil) 141.00-143.00-
French Barley/Malt
Crop 2017
Bulk
EUR/T %
2RS Malting Barley (FOB Creil) 184.50-186.50 up2.21%
6RW Malting Barley (FOB Creil) 157.00-159.00 up1.28%
2RS Malt (FOB Antwerp) 380.00-382.00 up1.31%
6RW Malt (FOB Antwerp) 346.50-348.50 up0.71%
Feed Barley (FOB Creil) nq 
German Malting Barley
Crop 2016
Bulk
Ex Farm
EUR/T %
Average Malting Barley Price nq  
Danish Malting Barley
Crop 2016
Free on truck
Ex Farm
DKK/T %
Malting Barley (East) 1,149.00-1,151.00 down0.86%
Malting Barley (West) 1,149.00-1,151.00 down0.86%
Danish Malting Barley
Crop 2017
Free on truck
Ex Farm
DKK/T %
Malting Barley (East) 1,169.00-1,171.00 down0.85%
Malting Barley (West) 1,169.00-1,171.00 down0.85%
Canadian Barley/Malt
Crop 2016
CAD/T %
2-Row Malting Barley, bulk, truck/railcar, Winnipeg 319.00-321.00 -
2-Row Malting Barley, bulk in store, Vancouver 329.00-331.00 -
6-Row Malting Barley, bulk, truck/railcar, Winnipeg nq  
2-Row Malt, bulk, truck/railcar, Winnipeg 573.00-575.00 -
2-Row Malt, bulk in store, Vancouver 593.00-595.00 -
6-Row Malt, bulk, truck/railcar, Winnipeg nq  
Feed Barley, basis Lethbridge 162.00-164.00 -
Feed Barley, basis Winnipeg 162.00-164.00 -
Feed Barley, bulk in store, Vancouver 222.00-224.00 -
US Barley/Malt
Crop 2016
USD/T %
2-Row Malting Barley, bulk, railcar Great Falls, Montana 132.00 -
6-Row Malting Barley, bulk, railcar Minneapolis, Minnesota nq  
6-Row Malt, bulk, railcar Minneapolis, Minnesota nq  
Feed Barley, basis Great Falls, Montana 105.00 -
-No change; upPrice increase; downPrice decrease versus last publication.

Click here to see our Market Prices History.


Top Industry News


Malt news Russia: Malt output down 10% in 2016 ...Click here

Brewery news China: China Resources Beer reports first annual profit in three years and 0.3% increase in beer sales volume ...Click here
Brewery news World: Bud Light, Budweiser, Heineken continue to lead the world’s top 25 most valuable beer bands list ...Click here
Brewery news China: Tsingtao Brewery estimates its 2016 net profit fell about 39% ...Click here
Brewery news Canada: Number of licenced breweries more than doubles between 2010 and 2015 ...Click here
Brewery news Russia: Russia’s top four brewers losing market share to craft sector ...Click here

Barley news World: World malting barley supply and demand balance is seen as comfortable ...Click here
Barley news Australia: Final barley crop figure may approach 14 mln tonnes, exports may exceed 7.5 mln ...Click here
Barley news Canada: Barley exports forecast t decrease to 12-year low this season ...Click here
Barley news EU: Malting barley variety list in for significant changes ...Click here

Hops news USA: Hop stocks up for the second year in a row ...Click here


More Industry News


Brewery news World: Heineken prices Senior Notes for US$1.75 bln ...Click here
Brewery news India: United Breweries Holding Ltd. to propose one-time settlement offer to banks in winding-up petition ...Click here
Brewery news Nigeria: Nigerian Stock Exchange receives Guinness Nigeria’s N40 bln rights issue request ...Click here
Brewery news Australia & China: Australian craft brewers exploring China market opportunities ...Click here
Brewery news UK: Britain's largest supermarket scraps more than half of Heineken range in response to brewer’s plan to hike prices ...Click here
Brewery news Ethiopia: Diageo to reintroduce Guinness in Ethiopia ...Click here

Graph of the week



Table of the week

EU Malt Export and Import


Table of the week.
Prices Evolution

Prices evolution

Barley Prices



Theoretical Malt Prices


Scientific Digest


...AND ADD JUST A HINT OF 4 MMP TO BOOST YOUR FLAVOUR

ABSTRACT
The research teams surrounding Kiyoshi Takoi have been working on hop aroma questions for years. They have been able to show that the coexistence of linalool, geraniol and beta-citronellol boosts the citrus flavour impressions in beer. In current work, these researchers show specifically how the geraniol content in beers can be significantly increased by using hop varieties rich in geraniol, e.g. Mosaic, Bravo or Citra. Relatively low amounts of these hops can increase the geraniol and citronellol content up to 15 to 20mg/L. They also found that there can be additive effects among 4MMP thiol (black currant flavour), linalool and geraniol. Only 1,2 ng/L of 4 MMP was enough for this effect.

VTakoi, K. et al: control of Hop Aroma Impression of Beer with Blend-Hopping using Geraniol-rich Hop and New Hypothesis of Synergy among Hop-derived Flavour compounds, BrewingScience, November/Debember 2016, Vol 69
Read more

Source: Barth Innovations

These Days in Business History


20 March
1886 - 1st AC power plant in U.S. begins commercial operation, Massachusetts
1991 - U.S. forgives $2 billion in loans to Poland
2000 - Shares in MicroStrategy Inc., a hot software consulting firm, fall from $246.75 to $86.75 in a single day as chairman Michael Saylor announces that the company will have to slash its reported revenues and earnings for the past two years

21 March
1868 - In London, the prospectus for the earliest known mutual fund is published as the Foreign and Colonial Government Trust offers its shares to the public for 85 pounds sterling
1906 - John D Rockefeller III is born, billionaire philanthropist (oil)
1986 - 199.22 million shares traded in New York Stock Exchange
1986 - Pittsburgh Associates buy Pittsburgh Pirates for $218 million

22 March
1895 - Auguste and Louis Lumiere show their 1st movie to an invited audience
1933 - Franklin D. Roosevelt makes wine and beer with up to 3.2% alcohol legal
1960 - 1st patent for lasers, granted to Arthur Schawlow and Charles Townes

Agenda


March 2017:
06-08: 104th Brewing and Engineering Conference (Munich, Germany)
08-10: Expo Antad & Alimentaria Mexico 2017 (Mexico City, Mexico)
08-11: Festival Brasileiro da Cerveja 2017 (Blumenau, Brazil)
16-19: BeerX 2017 (Sheffield, UK)
22-24: World Barley, Malt & Beer Conference 2017 (Vienna, Austria)
24-26: Barcelona Beer Festival 2017 (Barcelona, Spain)


April 2017:
07-08: Helsinki Beer Festival 2017 (Helsinki , Finland)
10-13: Craft Brewers Conference & BrewExpo America 2017 (Washington, D.C., USA)
12-14: Siberian Beer 2017 (Novosibirsk, Russia)
22-23: Zythos Beer Festival 2017 (Leuven, Belgium)


May 2017:
14-18: EBC 2017 (Ljubljana, Slovenia)
16-19: Beer 2017 (Sochi, Russia)
18-20: Copenhagen Beer Festival 2017 (Copenhagen, Denmark)
25-27: South Beer Cup 2017 (Buenos Aires, Argentina)


June 2017:
06-07: Brewing Equipment and Technology 2017 (Birmingham, UK)
11-13: Brewing Conference Bangkok 2017 (Bangkok, Thailand)
14-18: Mondial de la Biere 2017 (Montreal, Canada)


July 2017:
08: Beer Boot Camp 2017 (Johannesburg, South Africa)
15: Beer Boot Camp 2017 (Cape Town, South Africa)
26-28: Brasil Brau 2017 (Sao Paulo, Brazil)


August 2017:
04-06: The 21st International Berlin Beer Festival (Berlin, Germany)
08-12: The Great British Beer Festival 2017 (London, UK)
09-12: Vietfood & Beverage 2017 (Ho Chi Minh City, Vietnam)


September 2017:
03-06: 18th Australian Barley Technical Symposium (Hobart, Tasmania)
07-09: Irish Craft Beer Festival 2017 (Dublin, Ireland)
11: International MicroBrew Symposium 2017 (Munich, Germany)
11-15: drinktec 2017 (Munich, Germany)
16-03 October: Oktoberfest (Munich, Germany)
23-24: Whisky Live Paris 2017 (Paris, France)


October 2017:
16-17: 104 VLB October Convention 2017 (Berlin, Germany)
23-25: 8th Ibero-American VLB Symposium 2017 in Guatemala (Guatemala City)


November 2017:
22-23: Craft Beer Italy 2017 (Milan, Italy)


More events are available on site e-malt.com




MaltMalt News Malt


Malt newsRussia: Malt output down 10% in 2016
Over the 12 months of the past year Russian maltsters produced a total of 1.06 mln tonnes of malt which is 10% less than ...More info on site



BreweryBrewery News Brewery


Brewery newsChina: China Resources Beer reports first annual profit in three years and 0.3% increase in beer sales volume
China Resources Beer (Holdings) Co Ltd reported its first annual profit in three years on March 21 as it focused on its flagship Snow ...More info on site


Brewery newsWorld: Bud Light, Budweiser, Heineken continue to lead the world’s top 25 most valuable beer bands list
Leading independent branded business valuation and strategy consultancy, Brand Finance, has released its 2017 report on the alcoholic beverages industry, which includes details of ...More info on site


Brewery newsChina: Tsingtao Brewery estimates its 2016 net profit fell about 39%
Tsingtao Brewery Co Ltd, China's second-largest brewer by volume, estimated its 2016 net profit fell about 39 percent, hurt by stringent market conditions and ...More info on site


Brewery news Canada: Number of licenced breweries more than doubles between 2010 and 2015
Canada’s craft beer industry is developing rapidly, with the number of licensed breweries having more than doubled from 310 to 644 between 2010 and 2015, according to the latest statistics from industry association Beer Canada.

On an annual basis, Canadians drink more than 22,700,000 hectolitres of beer - enough to fill at least 900 Olympic-size swimming pools.

On average, Canadians’ annual per capita consumption of beer is about 79 litres. At the provincial level, it’s highest in Newfoundland and Labrador at about 95 litres, followed by Quebec and Alberta at around 88 and 84 litres, respectively. Yukon boasts the largest annual per capita consumption of beer - about 128 litres, equivalent to 374 bottles per year.

When it comes to annual per capita consumption of beer internationally, Canadians rank 25th in the world, just behind New Zealand and the U.K. But it’s a far cry from No. 1 ranked Czech Republic, which has an annual per capita consumption rate of 140 litres.

On average, 99 per cent of beer bottles sold in Canada are returned. Retail prices for beer in Canada increased 4.9 per cent in 2015, while spirits rose by 0.9 per cent and wine bubbled up 0.6 per cent.


Brewery newsRussia: Russia’s top four brewers losing market share to craft sector
According to a report by Delovoy Peterburg, the four largest breweries controlling 72.2% of Russia’s beer market are quickly losing share to craft breweries ...More info on site


Brewery news World: Heineken prices Senior Notes for US$1.75 bln
Heineken N.V. announced on March 21 that it has successfully priced Senior Notes for a principal amount of $1.75 billion. This comprises $1.1 billion of long 10 year Notes with a coupon of 3.50%, and $650 million of 30 year Notes with a coupon of 4.35%. The closing of the offering is expected to occur on March 29, 2017, subject to customary closing conditions.

The proceeds of the Senior Notes will be used for general corporate purposes, which may include repayment of indebtedness and/or acquisitions.

The notes are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States, only to non-U.S. investors pursuant to Regulation S. The notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act or any state securities laws.



Brewery news India: United Breweries Holding Ltd. to propose one-time settlement offer to banks in winding-up petition
United Breweries Holding Ltd. (UBHL) the parent company of UB Group, will propose a one-time settlement offer to the State Bank of India (SBI)-led lenders’ consortium before the Karnataka High Court, a company official told BloombergQuint on the condition of anonymity. It has, however, sought time to make the offer, the person added.

Last week, the high court had directed UBHL to come up with an offer to settle the matter with the consortium and adjourned the matter till April 4.

On March 7, the UB Group had filed an appeal challenging a February 8 order passed by a single bench, which had directed winding up of UBHL to recover dues payable by the company-promoted, defunct Kingfisher Airlines Ltd.

The creditors, including BNP Paribas, the lead petitioner, State Bank of India (SBI) and aircraft lessors and engine makers such as Rolls-Royce and IAE International Aero Engines AG had moved the court to recover dues worth Rs 146 crore.

Vijay Mallya owns 52.34 percent stake in UBHL.

Earlier the Debt Recovery Tribunal had also ordered the SBI-led consortium of banks to start the process of recovering over Rs 6,203 crore, at 11.5 percent annual interest rate, from the embattled tycoon and his companies in another Kingfisher ...More info on site


Brewery news Nigeria: Nigerian Stock Exchange receives Guinness Nigeria’s N40 bln rights issue request
The Nigerian Stock Exchange (NSE) has received for approval and listing, the application of Guinness Nigeria’s right issue of N40 billion, WorldStage reported on March 20.

The request to the NSE is coming on the heels of shareholders’ approval given on the 24th of January at Guinness’s Extra-ordinary General Meeting (EGM).

The NSE who notified dealing members of the application stated that it was received through Guinness’s Stockbroker; Stanbic IBTC Stockbrokers Limited.

According to the NSE, the Rights Issue is offering 684,494,631 Ordinary Shares of 50 Kobo each at N58.00 per share.

Existing shareholders, at this price will thus have the opportunity to buy additional 5 new Ordinary Share for every 11 Ordinary Share held.

At the terms set, Guinness Nigeria looks to raise at least N39,700,688,598 for the purpose of positively impacting the company’s financial performance and strengthen its balance sheet.

The company reported its first annual loss of N2.7 billion, in three decades last year September which further compounded to a loss after tax of 4.7 billion in its half year period ended December 31, 2017.

However, with the rights issue, the company is more certain of raising capital, and also gets to leave control in the hands of existing shareholders, avoid expenses for a ...More info on site


Brewery news Australia & China: Australian craft brewers exploring China market opportunities
A two-week, four-city export roadshow through China is the sort of business trip that exhausts most entrepreneurs. But for a group of craft brewers who were recently on the Australian craft beer roadshow in China, it was a glimpse of a big future market, The Australian Financial Review reported on March 21.

"I'm tired but really excited," says general manager of Moon Dog Brewing, Josh Uljans, who spoke to The Australian Financial Review on the morning he arrived back from China. "There is so much happening in China and so much interest in Australian food and beverage."

Uljans co-founded Moon Dog Brewing six years ago as a craft brewery and tap room for tastings, in Melbourne. But like many craft brewers that do very well in their niche, the niche has grown and growth has meant sales into the big and growing Asian beer markets.

In 2015, according to Euromonitor, 25 billion litres of beer was consumed in China alone, which was twice the beer consumed in the United States. In 2014, according to the Kirin company's research, China had 23.7 per cent of global share of beer consumption, compared to the US on 12.8 per cent.

Moon Dog produces around 1 million litres ...More info on site


Brewery news UK: Britain's largest supermarket scraps more than half of Heineken range in response to brewer’s plan to hike prices
Tesco has scrapped more than half of its Heineken beer and cider range, after the brewing giant unveiled plans to hike prices in response to the pound's decline following the Brexit vote, the International Business Times reported on March 22.

According to the Times, Britain's largest supermarket has reduced the number of Heineken products on its shelves from 53 at the start of the year to 22. Tiger, Amstel, Sol and Kingfisher are among the beers to have disappeared from Tesco's stores.

A spokesman for the company was quoted as saying the decision was motivated by the intent to better match the range of beers and ciders to customers' needs.

In January, Heineken said it would raise prices by an average of 6p per pint, blaming its decision on "prevailing economic conditions", chief among them being sterling's 16% drop in the months following Britain's vote in favour of leaving the European Union.

A weaker pound makes imports more expensive and even though the majority of beers brewed in Britain are made with home-grown ingredients, brewers have been hit by higher transport and energy costs.

It is not the first time Tesco and one of its major suppliers has become embroiled in a price row.

In October ...More info on site


Brewery news Ethiopia: Diageo to reintroduce Guinness in Ethiopia
Diageo Ethiopia is going to reintroduce the world renowned stout beer Guinness Beer, to the Ethiopian market. The debut is scheduled for March 31, 2017 during an event dubbed “Feshta”, 2merkato reported on March 20.

Guinness is going to be produced at Diageo’s expanded plant in Sebeta Town, Oromia State. By its new product, the beer manufacturer is aiming to attract affluent and emerging middle class and the diplomatic corps. It is also going to start with a limited production and sell the stout beer at a higher price than the average beer in the Ethiopian market.

Since purchasing Meta Abo Brewery from the government for 225 million USD in 2012, Diageo has been expanding its capacities. It currently supplies Meta Beer, Azmera Beer and Malta. This makes Guinness the third brand Diageo introduced to the market in the past half a decade time. Few years back, Diageo introduced Zemen Beer, which failed to attract customers and folded production after a while.

Guinness was first introduced to the Ethiopian market 15 years ago by BGI Brewery. Nevertheless, the product was not a success even with the repeated efforts. Diageo, via a project it called “The Injera Project”, conducted a research on the Ethiopian ...More info on site



BarleyBarley News Barley


Barley newsWorld: World malting barley supply and demand balance is seen as comfortable
East and West Europe have fairly even malting barley S/D balances, H. M.. Gauger GmbH reported earlier in March.

Canada and Argentina have small ...More info on site


Barley newsAustralia: Final barley crop figure may approach 14 mln tonnes, exports may exceed 7.5 mln
Australia’s final barley crop figure may approach 14 mln tonnes. Logistics in the country and in ports works very efficiently, since November close to ...More info on site


Barley newsCanada: Barley exports forecast t decrease to 12-year low this season
For 2016-17, Canada’s total domestic barley use is forecast to increase by 5% to 6.11 mln tonnes due to higher feed use for cattle ...More info on site


Barley newsEU: Malting barley variety list in for significant changes
Malting barley variety Planet will be the No. 1 variety on the European continent in crop 2016/17, H. M. Gauger GmbH reported on March ...More info on site



HopsHops News Hops


Hops news USA: Hop stocks up for the second year in a row
For the second year in a row, U.S. hop stocks were up in March over a year ago, a further indicator that supply has caught up with demand, Capital Press reported.

U.S. hop growers, dealers and brewers had 140 million pounds on hand March 1 compared to 128 million a year earlier for an increase of 9 percent, according to a March 17 report by USDA National Agricultural Statistics Service.

Stocks held by growers and dealers totaled 105 million pounds while brewers held 35 million pounds. A year ago, growers and dealers held 88 million pounds and brewers held 40 million pounds.

In March 2016, stocks were up 10 percent over March 2015, when they were down 2 percent from March 2014. In September 2016, pre-harvest stocks were up 2 percent from the year before and the September before they were down 8 percent.

All of that shows the hump has been crossed from undersupply to oversupply, sources say.

“In some varieties there will be pretty substantial carryover,” said Ann George, executive director of Hop Growers of America and the Washington Hop Commission in Moxee, near Yakima.

A few specialty varieties still may be undersupplied, she said.

“The main thing is we’re going into a period of ...More info on site


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