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E-Malt.com NewsLetter
Flash Summary

RombBullet Quote of the week
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 Prices evolution
RombBullet Barley prices
RombBullet Theoretical malt prices
RombBullet Scientific digest
RombBullet Business history
RombBullet Agenda
RombBullet News articles

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E-Malt.com Flash 43a
October 23 - October 25, 2017

Quote of the Week

When all else is lost, the future still remains.
Christian Nestell Bovee

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Currency Rates

Base Currency: Euro
on October 25, 2017
Base Currency: US Dollar
on October 25, 2017
      1 EUR = 1.1761 USD
1 EUR = 0.8930 GBP
1 EUR = 1.4875 CAD
1 EUR = 1.5117 AUD
1 EUR = 133.9500 JPY
1 EUR = 3.8022 BRL
1 EUR = 67.6856 RUB
1 EUR = 7.8022 CNY
      1 USD = 0.8502 EUR
1 USD = 0.7593 GBP
1 USD = 1.2655 CAD
1 USD = 1.2836 AUD
1 USD = 113.6900 JPY
1 USD = 3.2412 BRL
1 USD = 57.5852 RUB
1 USD = 6.6332 CNY

Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend

October 25, 2017
French Barley/Malt
Crop 2017
2RS Malting Barley (FOB Creil) 190.50-192.50 down0.52%
6RW Malting Barley (FOB Creil) 158.00-160.00 down0.63%
2RS Malt (FOB Antwerp) 388.50-390.50 down0.32%
6RW Malt (FOB Antwerp) 348.50-350.50 down0.35%
Feed Barley (FOB Creil) 150.00-152.00-
French Barley/Malt
Crop 2018
2RS Malting Barley (FOB Creil) 192.50-194.50 -
6RW Malting Barley (FOB Creil) 159.00-161.00 down0.62%
2RS Malt (FOB Antwerp) 390.00-392.00 -
6RW Malt (FOB Antwerp) 349.00-351.00 down0.35%
Feed Barley (FOB Creil) nq 
German Malting Barley
Crop 2017
Ex Farm
Average Malting Barley Price nq  
Danish Malting Barley
Crop 2017
Free on truck
Ex Farm
Malting Barley (East) 1,264.00-1,266.00 down0.78%
Malting Barley (West) 1,264.00-1,266.00 down0.78%
Danish Malting Barley
Crop 2018
Free on truck
Ex Farm
Malting Barley (East) 1,224.00-1,226.00 down1.61%
Malting Barley (West) 1,224.00-1,226.00 down1.61%
Canadian Barley/Malt
Crop 2017
2-Row Malting Barley, bulk, truck/railcar, Winnipeg 294.00-296.00 -
2-Row Malting Barley, bulk in store, Vancouver 313.00-315.00 -
6-Row Malting Barley, bulk, truck/railcar, Winnipeg nq  
2-Row Malt, bulk, truck/railcar, Winnipeg 561.00-563.00 -
2-Row Malt, bulk in store, Vancouver 587.00-589.00 -
6-Row Malt, bulk, truck/railcar, Winnipeg nq  
Feed Barley, basis Lethbridge 207.00-209.00 -
Feed Barley, basis Winnipeg 207.00-209.00 -
Feed Barley, bulk in store, Vancouver 270.00-272.00 -
US Barley
Crop 2017
2-Row Malting Barley, bulk, railcar Great Falls, Montana 159.00-161.00 -
6-Row Malting Barley, bulk, railcar Minneapolis, Minnesota 218.00-220.00 -
Feed Barley, basis Great Falls, Montana 109.00-111.00 -
Feed Barley, basis Minneapolis, Minnesota 95.00-97.00 -
-No change; upPrice increase; downPrice decrease versus last publication.

Click here to see our Market Prices History.

Top Industry News

Brewery news World: Long-term outlook for emerging beer markets remains favourable ...Click here
Brewery news World: Heineken reports 2.5% increase in Q3 beer sales ...Click here
Brewery news UK: Number of breweries breaks 2,000 barrier for the first time since the 1930s ...Click here
Brewery news Asia: Heineken betting on Formula One to reclaim leadership in Asia and worldwide ...Click here
Brewery news Germany & Croatia: Owner of Germany’s Kaltenberg beer brand to build a brewery in Croatia ...Click here

More Industry News

Brewery news Germany: Outcome of AB InBev’s tax case in Germany could have huge ripple effect ...Click here
Brewery news Australia: Coopers Brewery launches biggest share buyback in more than 10 years ...Click here
Brewery news India: Vijay Mallya persuaded to step down from United Breweries board - sources ...Click here
Brewery news The Czech Republic & the Philippines: Budvar beer to be marketed as Czechvar in the Philippines ...Click here
Whisky news South Korea: Diageo releases low-alcohol whiskey in response to growing preference for weaker drinks ...Click here

Graph of the week

Source: Deutscher Maelzerbund e. V.

Table of the week

Latin America Beer Production by Country

Table of the week.
Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

Scientific Digest


In 1893 Morris and Brown reported, "We are now to ascertain how far the sugars of the hop are accountable for the after-fermentation induced of dry-hopping." This phenomenon is familiar to craft brewers and in 1941 Walker proposed that a maltase enzyme in hops is responsible for this. This U.S. research team was able to confirm with dry-hopping an increase in VDK production and a decrease in gravity. Testing at different temperatures, they were able to show that the secondary fermentation that takes place at 70 degrees F is reduced when the temperature is lowered to 60 degrees F before dry-hopping.


Baillo, A.: Dry Hopping and Stirring Pellets Increases Vicinal Diketones and Lowers Apparent Extract, oral presentation

Source: Barth Innovations

These Days in Business History

23 October
1814 - 1st plastic surgery is performed (England)
1824 - 1st steam locomotive is introduced
1989 - Bankruptcy of Wartsila Marine; the biggest bankruptcy in the Nordic countries until then

24 October
1836 - A. Phillips patents the match
1857 - World's 1st football club, Sheffield FC, founded in England
2008 - "Bloody Friday" saw many of the world's stock exchanges experience the worst declines in their history, with drops of around 10% in most indices

25 October
1492 - Christopher Columbus and ship Santa Maria land in Dominican Republic
1952 - Tappan sells 1st microwave oven
1960 - 1st electronic wrist watch placed on sale, New York City


October 2017:
05-07: Stockholm Beer & Whisky Festival 2017 (Stockholm, Sweden)
11-15: Mondial de la Biere Rio 2017 (Rio de Janeiro, Brazil)
16-17: 104 VLB October Convention 2017 (Berlin, Germany)
23-25: 8th Ibero-American VLB Symposium 2017 in Guatemala (Guatemala City)
26-28: drink technology India 2017 (New Delhi, India)
27-29: Olut Expo 2017 (Helsinki, Finland)

November 2017:
11: International MicroBrew Symposium 2017 (Munich, Germany)
22-23: Craft Beer Italy 2017 (Milan, Italy)

January 2018:
26-28: Finest Spirits 2018 (Munich, Germany)

February 2018:
02-04: Brau Kunst Live 2018 (Munich, Germany)
09-12: HoReCa 2018 (Athens, Greece)
17-20: Beer Attraction 2018 (Rimini, Italy)
20-24: Great British Beer Festival Winter 2018 (Norwich, UK)
27-01 March: Beviale Moscow 2018 (Moscow, Russia)

March 2018:
05-07: 105th Brewing and Engineering Conference (Munich, Germany)
06-08: Expo Antad & Alimentaria Mexico 2018 (Mexico City, Mexico)
07-10: Festival Brasileiro de Cerveja 2018 (Blumenau, Brazil)
08-10: Alltech Craft Brews & Food Fair 2018 (Dublin, Ireland)
14-15: BeerX 2018 (Sheffield, UK)
19-22: IBD Asia Pacific Convention 2018 (Wellington, New Zealand)

April 2018:
08-12: International Malting and Brewing Symposium "13th Trends in Brewing" (Ghent, Belgium)
13-14: Helsinki Beer Festival 2018 (Helsinki, Finland)
28-29: Zythos Beer Festival 2018 (Leuven, Belgium)
30-03 May: Craft Brewers Conference & BrewExpo America 2018 (Nashville, USA)

May 2018:
22-24: Beer 2018 (Sochi, Russia)

June 2018:
06-09: Mondial de la Biere 2018 (Montreal, Canada)
29-01 July: Mondial de la Biere 2018 (Paris, France)

August 2018:
03-05: The 22nd International Berlin Beer Festival (Berlin, Germany)
08-11: Vietfood & Beverage 2018 (Ho Chi Minh City, Vietnam)
10-11: Beervana 2018 (Wellington, New Zealand)
12-15: Brewing Summit 2018 (San Diego, USA)

September 2018:
04-06: food & drink technology Africa (fdt Africa) (Johannesburg, South Africa)
12-14: 6th International Symposium for Young Scientists and Technologists in Malting, Brewing and Distilling (Bittburg/Trier, Germany)

October 2018:
23-26: China Brew China Beverage 2018 (Shanghai, China)
24-26: drink technology India 2018 (Mumbai, India)

November 2018:
13-15: Brau Beviale 2018 (Nuremberg, Germany)

More events are available on site e-malt.com

BreweryBrewery News Brewery

Brewery newsWorld: Long-term outlook for emerging beer markets remains favourable
The allure of emerging markets has attracted brewers to new regions of the world, with rising global beer consumption fueling further M& A activity ...More info on site

Brewery newsWorld: Heineken reports 2.5% increase in Q3 beer sales
Heineken NV, the world’s second-largest brewer, reported on October 25 an increase in third-quarter beer sales, with growth in all regions except Europe, where ...More info on site

Brewery newsUK: Number of breweries breaks 2,000 barrier for the first time since the 1930s
There are now over 2,000 breweries in the UK for the first time since the 1930s, according to new research by UHY Hacker Young, ...More info on site

Brewery news Asia: Heineken betting on Formula One to reclaim leadership in Asia and worldwide
Heineken is betting on Formula One to help it reclaim the title of leading global lager from Budweiser, a strategy that depends on broadening the sport’s appeal in Asia and persuading fans to pay more for their beer, Reuters reported on October 24.

Heineken has grown strongly in Asia over the past five years, but the sales boost was driven by its cheaper Singapore-based Tiger beer brand rather than its higher-margin namesake lager, which it promotes at the Grand Prix.

Asian drinkers have also turned to its cheaper rivals Budweiser and Tuborg. Heineken brand sales have grown more slowly in the region than globally for the past three years and fell 7.1 percent in the first half of 2017.

The Dutch brewer, Budweiser’s Belgian owner Anheuser-Busch InBev and Danish Carlsberg, which makes Tuborg, need regions like Asia to cut reliance on lower-margin Europe, or North America, where craft brewers are muscling in.

Heineken has ruled out an all-out scrap for market share, leaving it vulnerable to rivals selling “premium” products at a lower price. Formula One presents a risky choice in a region where some countries have dropped the race, although Asia had as many races as the sport’s heartland Europe in 2017.

The world’s ...More info on site

Brewery newsGermany & Croatia: Owner of Germany’s Kaltenberg beer brand to build a brewery in Croatia
Germany's Koenig Ludwig International, the owner of the Kaltenberg beer brand, is opening a production plant in Croatia's Rijeka where it plans to invest ...More info on site

Brewery newsGermany: Outcome of AB InBev’s tax case in Germany could have huge ripple effect
The outcome of pending litigation involving a German brewery owned by Anheuser-Busch InBev could significantly change the extent to which regional and federal tax ...More info on site

Brewery news Australia: Coopers Brewery launches biggest share buyback in more than 10 years
The family-owned Coopers Brewery has launched its biggest share buyback in more than 10 years, with a price of A$375 per share that values the largest Australian brewer at more than A$436 million, The Australian reported on October 23.

Coopers has agreed to buy back shares from its investors a number of times over the last decade but the current offer, seeking to buy 8 per cent of the brewer, is its biggest since 2006. It is supported by record low interest rates that make corporate debt very cheap and a buyback an efficient use of capital.

In a document sent to Coopers shareholders, and obtained by The Australian, the brewer has also revealed to investors its latest unaudited accounts, which show the strains of a difficult trading environment for beer companies.

The unaudited accounts provided to Coopers investors show sales of A$253.6 mln for fiscal 2017, up slightly from A$245.9 mln in 2016. Coopers was forced to further impair its US home-brewing business, Mr Beer, to the tune of A$8 mln, on top of a A$7.5 mln impairment in 2016. Group net profit for 2017 was down slightly to A$34.95 mln, from A$35.67 mln in the prior year.

The latest buyback comes at ...More info on site

Brewery news India: Vijay Mallya persuaded to step down from United Breweries board - sources
Vijay Mallya has been persuaded to step down from the United Breweries Ltd (UBL) board and he will propose a successor following a Securities and Exchange Board of India (Sebi) order that’s made him ineligible to be director of any listed company, several people close to the development said. The move has also been prompted by the dwindling possibility of his voluntary return to India. He hasn’t revealed the identity of his nominee, said the persons cited above, The Economic Times reports.

The regulator’s decision came after lenders declared him a “wilful defaulter.” The Articles of Association between Heineken and Mallya, joint venture partners in United Breweries, entitles him to be UBL’s chairman for life and remain a non-retiring director, unless he nominates someone to replace him or voluntarily steps down.

Mallya did not respond to an email seeking comment. Heineken declined to comment.

UBL has nominated CY Pal, one of the directors, as acting chairman. The board has been pushing for appointment of a chairman, citing corporate governance norms. “The board is functioning smoothly and operations are in good shape. But it is not the best corporate governance move to have an acting chairman, especially when ...More info on site

Brewery news The Czech Republic & the Philippines: Budvar beer to be marketed as Czechvar in the Philippines
The Czech Republic’s signature beer will soon be available in the Philippines, the Business Mirror reported on October 22.

Globally known as Budvar (after its home city with the German name Budweis) the beer will be marketed locally as Czechvar, it is reported.

The brand is brewed by Budejovicky Budvar, the only state-owned brewery in the Czech Republic, which produced its first batch in 1895.

According to the Czech Embassy in Manila, “The recent entry into the [Philippine] market provides an opportunity for the Filipinos not only to taste the real traditional Czech beer but also [for them] to further explore the culture that can be viewed through the lens of traditional crafts and history. It is more than safe to assume that the Czechs know their beer as the Czech Republic tops the per-capita beer-drinking table for 23 consecutive years, with over 140 litres per person.”

Also, it said that, “The aim for high-end beers available in the market is to provide [Filipinos] with new choices in the market and expand their palates. There is no better way to do this than by introducing a high-end, award-winning and traditional beer, such as Czechvar.”

WhiskyWhisky News Whisky

Whisky news South Korea: Diageo releases low-alcohol whiskey in response to growing preference for weaker drinks
Diageo Korea released a low-alcohol whiskey for the local market on October 24 in response to growing consumer preference for weaker drinks, the Korea JoongAng Daily reported.

The Korean affiliate of the British liquor maker launched W Signature 12, a blended whiskey with an alcohol content of 35 percent. The company said the whiskey has been blended by world-renowned masters Douglas Murray, Craig Wallace and Caroline Martin using whiskeys that have matured in Scotland for at least 12 years.

“The value of whiskey made out of years of maturation is unquestionable,” Cho Kil-soo, CEO of Diageo Korea, said at a press event on October 24 at the British Embassy. “I believe W Signature 12 blended by global masters will become a safe choice for our consumers.”

On top of the deep tint coming from years of aging, W Signature 12 is topped with what Murray describes as “triple smoothness,” offering sweet flavor and mild texture.

Diageo Korea said it is targeting the “late millennial” generation in their mid-30s and 40s with its latest whiskey product. Hyun Bin, the 35-year-old heartthrob best known for his role in the television drama “Secret Garden,” will be the brand ambassador, and the bottle design, with shades of ...More info on site

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