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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




Last five Flashes


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Last five graphs

Note: All graphs issued with e-malt.com newsletters are published in "Graph" section of e-malt.com site.



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 47a
November 20 - November 22, 2017

Quote of the Week

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Walt Disney

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Currency Rates


Base Currency: Euro
on November 22, 2017
Base Currency: US Dollar
on November 22, 2017
      1 EUR = 1.1718 USD
1 EUR = 0.8850 GBP
1 EUR = 1.5006 CAD
1 EUR = 1.5466 AUD
1 EUR = 131.8700 JPY
1 EUR = 3.8207 BRL
1 EUR = 69.8184 RUB
1 EUR = 7.7725 CNY
      1 USD = 0.8520 EUR
1 USD = 0.7551 GBP
1 USD = 1.2795 CAD
1 USD = 1.3220 AUD
1 USD = 112.4800 JPY
1 USD = 3.2549 BRL
1 USD = 59.4604 RUB
1 USD = 6.6324 CNY


Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend


November 22, 2017
French Barley/Malt
Crop 2017
Bulk
EUR/T %
2RS Malting Barley (FOB Creil) 187.50-189.50 down0.53%
6RW Malting Barley (FOB Creil) 156.00-158.00 down0.63%
2RS Malt (FOB Antwerp) 385.50-387.50 down0.32%
6RW Malt (FOB Antwerp) 347.00-349.00 down0.35%
Feed Barley (FOB Creil) 148.00-150.00down1.32%
French Barley/Malt
Crop 2018
Bulk
EUR/T %
2RS Malting Barley (FOB Creil) 189.50-191.50 down0.52%
6RW Malting Barley (FOB Creil) 157.00-159.00 -
2RS Malt (FOB Antwerp) 386.00-388.00 down0.32%
6RW Malt (FOB Antwerp) 346.50-348.50 -
Feed Barley (FOB Creil) nq 
German Malting Barley
Crop 2017
Bulk
Ex Farm
EUR/T %
Average Malting Barley Price nq  
Danish Malting Barley
Crop 2017
Free on truck
Ex Farm
DKK/T %
Malting Barley (East) 1,254.00-1,256.00 -
Malting Barley (West) 1,254.00-1,256.00 -
Danish Malting Barley
Crop 2018
Free on truck
Ex Farm
DKK/T %
Malting Barley (East) 1,174.00-1,176.00 down1.67%
Malting Barley (West) 1,174.00-1,176.00 down1.67%
Canadian Barley/Malt
Crop 2017
CAD/T %
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 214.00-216.00 up1.42%
Feed Barley, basis Winnipeg 214.00-216.00 up1.42%
Feed Barley, bulk in store, Vancouver 277.00-279.00 up1.09%
US Barley
Crop 2017
USD/T %
2-Row Malting Barley, bulk, railcar Great Falls, Montana 170.00-172.00 -
6-Row Malting Barley, bulk, railcar Minneapolis, Minnesota nq  
Feed Barley, basis Great Falls, Montana 115.00-117.00 -
Feed Barley, basis Minneapolis, Minnesota 109.00-111.00 up14.58%
-No change; upPrice increase; downPrice decrease versus last publication.

Click here to see our Market Prices History.


Top Industry News


Malt news France: Malt output totals 1.5 mln tonnes last year ...Click here

Brewery news Russia: January-October beer production declines by 3.8% ...Click here
Brewery news Vietnam: Premium beer consumption rockets to 10 mln hl last year - report ...Click here
Brewery news Malaysia: Heineken Malaysia’s Q3 net profit totals RM65.87 mln ...Click here
Brewery news The Philippines: San Miguel Corporation to raise $3 bln from sale of 30% stake in its food and beverage unit ...Click here
Brewery news UK: Government decides to freeze duties on beer and other drinks ...Click here
Brewery news Romania: United Romanian Breweries Bereprod posts record production figure for January-October ...Click here
Brewery news Angola: New brewery to produce Portuguese beer Sagres in Angola ...Click here
Brewery news Switzerland: Swiss brewers enjoy higher sales in season 2016/17 ...Click here

Barley news Canada: 2017-18 barley production expected to decrease by 17% ...Click here
Barley news UK: Barley consumption by feed sector up 42% in Q1 2017/18 ...Click here


More Industry News


Barley news Australia: GrainCorp's malting barley business performs strongly due to US demand for craft beer ...Click here
Brewery news Vietnam: Sabeco to hold stake sale roadshows in Singapore and London ...Click here
Brewery news The Philippines: San Miguel Brewery seeks investor’s consent to amend trust agreement of all outstanding bonds ...Click here
Brewery news UK: Distribution in craft beer ‘broken’ and ‘needs fixing’ ...Click here
Brewery news Myanmar: Up to 30% of all beer sold in Myanmar is illegal - report ...Click here
Brewery news South Korea: Alcoholic beverages production declines in 2016 ...Click here

Graph of the week



Source: Deutscher Maelzerbund e. V.

Table of the week

US Hop Imports


Table of the week.
Prices Evolution

Prices evolution

Barley Prices



Theoretical Malt Prices


Scientific Digest


DO YOU KNOW THE HOP CREEP?

ABSTRACT
Most brewers have seen the after fermentation of dry hopped beers in the presence of yeast. This phenomenon is not well understood but documented in old British literature; the last reference goes back to 1941 where maltase activity was evidenced in dry hopped casked ales. These U.S. researchers discovered that the production of fermentable sugars, glucose and maltose in dry hopped beer in the presence of yeast correlates with increased temperature and dry hop exposure time. Enzyme activities were found for amyloglucosidase and alpha and beta amylases. Despite the low enzyme activites, significant changes in residual extract, ABV and CO2 production can occur in dry hopped beers. How should we be surprised? Everybody likes sweet stuff!

REFERENCES:

Kirkpatrick, K.: Investigating Enzymatic Power of hops, Poster 35

Source: Barth Innovations

These Days in Business History


20 November
1923 - Garrett Morgan invents & patents traffic signal
1959 - U.N. adopts Universal Declaration of Children's Rights
1984 - McDonald's made its 50 billionth hamburger
1985 - Microsoft Windows 1.0 is released

21 November
1877 - Tom Edison announces his "talking machine" invention (phonograph)
1930 - 1st commercial crossing of Pacific by plane (China Clipper)
1977 - 1st flight of Concorde, London to New York

22 November
1906 - International Radio Telecommunications Com adopts "SOS" as new call for help
1927 - 1st snowmobile patent granted to Carl Eliason (Sayner Wisc)
1954 - Humane Society forms
2005 - Angela Merkel becomes the first female Chancellor of Germany

Agenda


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


MaltMalt News Malt


Malt newsFrance: Malt output totals 1.5 mln tonnes last year
In 2016/17, 1.9 mln ha of barley were harvested in France, which represents 20% of the nation’s all grain-seeded area, Passion Cereales said in ...More info on site



BreweryBrewery News Brewery


Brewery newsRussia: January-October beer production declines by 3.8%
Cold weather this spring and summer together with a ban on production and sale of beer in PET bottles of more than 1.5 ...More info on site


Brewery newsVietnam: Premium beer consumption rockets to 10 mln hl last year - report
A storm is brewing for discount brands selling lower-quality products as Vietnamese beer drinkers are increasingly picking up premium and super premium products from ...More info on site


Brewery newsMalaysia: Heineken Malaysia’s Q3 net profit totals RM65.87 mln
Heineken Malaysia Bhd posted a net profit of RM65.87 million for the third quarter ended Sept 30, 2017, (Q3) with RM509.6 million in revenue, ...More info on site


Brewery newsThe Philippines: San Miguel Corporation to raise $3 bln from sale of 30% stake in its food and beverage unit
Diversified conglomerate San Miguel Corporation (SMC) is planning to raise $3 billion from the sale of as much as 30 percent of its giant ...More info on site


Brewery newsUK: Government decides to freeze duties on beer and other drinks
A duty freeze on wine, spirits, beer and ciders other than high-strength, low-quality alcohol has been welcomed as a “win win” for consumers, producers ...More info on site


Brewery news Romania: United Romanian Breweries Bereprod posts record production figure for January-October
United Romanian Breweries Bereprod (URBB) has posted a record production figure exceeding 2 million hectolitres for the period January-October 2017, representing a 10 percent increase year-on-year, the Business Review reported on November 20.

During the reporting period, the consolidated turnover of the URBB group increased by 12 percent year-on-year to RON 650 million (gross).

The figure recorded by URBB comes against the background the overall growth of the national beer market, estimated at 2-3 percent, according to the Romanian Brewers Association.

“Our achievement this year will serve as a point of reference for the future, given that in 2017, we made considerable investments that resulted in an excellent market response, reflected positively in the company’s financial performance. This strong growth, over three times bigger than the market pace, was stimulated by several factors, the most important of which being the improvement of our products, exports and, most of all, investments made this year,” Shachar Shaine, URBB president said.

One of the pillars of investment for URBB is represented by the increase of its annual production capacity from 2.1 million hectolitres in 2016 to 2.4 million currently. The company’s investment budget for 2017 stood at over EUR 10 million. The company invested EUR 2 million, ...More info on site


Brewery news Angola: New brewery to produce Portuguese beer Sagres in Angola
Sociedade de Distribuição de Bebidas de Angola (Sodiba), which has as its shareholders the businesswoman Isabel dos Santos and her husband, Sindika Dokolo, has invested US$85 million in the construction of a brewery with capacity to produce 144 million litres per year in two filling lines, the Angolan press reported.

One of the two filling lines is intended for the production of Portuguese beer Sagres, under an agreement reached in February this year with Portugal’s Sociedade Central de Cervejas (Centralcer) and under the supervision of its main shareholder, the Heineken Group.

The businesswoman, who on November 16 was removed as chair of the Board of Directors of state oil company Sonangol, attended the inauguration of the plant on the outskirts of the Angolan capital.

Sagres will be the first Portuguese beer to be produced in Angola, and the product manufactured will have the same image as its namesake beer brand that is available on the Portuguese market.


Brewery newsSwitzerland: Swiss brewers enjoy higher sales in season 2016/17
Thanks to record high temperatures in June, the Swiss beer industry managed to close the 2016/17 brewing season with a very small decline in ...More info on site


Brewery news Vietnam: Sabeco to hold stake sale roadshows in Singapore and London
Sabeco, Vietnam’s biggest beer firm, will hold roadshows in Singapore and London on the government’s plan to sell a stake, the country’s trade ministry said in a statement on November 21, Reuters reported.

The government owns 89.6 percent in Sabeco, formally known as the Saigon Beer Alcohol Beverage Corp, and wants to fully divest from the company.

The Singapore roadshow will be held on November 24 while the London one will be held on Nov. 27.

The trade ministry did not say how much the government would sell in the upcoming stake sale. It has previously stated that it aims to complete a sale in December.


Brewery news The Philippines: San Miguel Brewery seeks investor’s consent to amend trust agreement of all outstanding bonds
San Miguel Brewery, Inc. (SMB) is seeking the consent of investors to amend the trust agreement of all its outstanding bonds, the CNN Philippines reported on November 21.

In a statement on November 21, SMB said it wanted to align the terms to "remain consistent with their original intended purpose that SMB continues to be under the effective control of its parent company, San Miguel Corp."

The Ramon Ang-led conglomerate is currently undergoing a corporate reorganization. It is looking to move all its food and beverage businesses under one entity: San Miguel Pure Foods Company, Inc., to be later renamed to San Miguel Food and Beverage, Inc.

To encourage investors to participate in the consent solicitation, they will receive P1.25 for every P1,000 of the principal amount of the bonds they hold for every validly executed form.

The consent solicitation begins on November 22; it ends on December 14. The forms will be sent to bondholders. These are also available on SMB's website.

The covered bonds include the 10.5% Series C Bonds issued in 2009 and due 2019; the 5.93% Series E Bonds issued 2012 and due 2019; and the 6.6% Series F Bonds issued 2012 and due 2022.


Brewery news UK: Distribution in craft beer ‘broken’ and ‘needs fixing’
The warehouse model employed by most beer distributors in the UK is “broken” and should be “done a completely different way”, according to one of the UK’s leading online retailers and wholesale suppliers, The Morning Advertiser reported on November 20. In an interview with The Morning Advertiser (MA), Eebria co-founder and CEO David Jackson said the tied pub and warehouse model “makes it very hard for a large distributor to handle any of the craft brewers in the country”, and called on pub companies to work with more distributors to get better beer into UK pubs.

“When we saw how distribution in craft beer worked, we knew it was broken and it needed fixing and should be done a completely different way,” he said. “Fundamentally, the whole warehouse model is messed up because it makes it very hard for a large distributor to handle many of the craft brewers in the country.

“When you take a distributor with 15 to 20 depots around the country, and a craft brewery that is producing 20 to 25 kegs in a batch, if that distributor wants to take it they have to take all of it. How ...More info on site


Brewery news Myanmar: Up to 30% of all beer sold in Myanmar is illegal - report
Global research firm Euromonitor International released on November 20 its independent study on the prevalence of the illicit trade of beer in Myanmar. In a country which has an import ban of beer, up to 30% of all beer sold is illegal, a size of nearly 1 million hectolitres in 2016. Of this, 96% is beer that is smuggled across borders by land or boat. Based on the research which included store checks across 4 cities, 95% of illicit beer is well-known, mainstream Thai brands.

The research firm estimates the loss of tax revenue for the government caused by the illicit trade of beer as 48 - 52 million USD in 2016. This is the amount which could be earned by the government if legitimate beer producers in Myanmar could instead make up the volume.

Euromonitor has unprecedented experience quantifying illicit trade and understanding its drivers, with reports produced in more than 30 markets to date. Specifically, research findings in Myanmar suggest that affordability is the key driver for consumption of smuggled beer, which is on average about 35% cheaper than locally produced beer for a 330ml can, based on store check findings.

Commenting on the report, a spokesperson from the Brewers Association ...More info on site


Brewery news South Korea: Alcoholic beverages production declines in 2016
South Korea’s output of alcoholic beverages decreased in 2016 for the first time in three years, The Korea Herald reported on November 19.

Total production of alcoholic beverages, excluding imported ones, inched down 3.3 percent year-on-year to 368 million kiloliters last year, according to the National Tax Service (NTS) data.

The data showed that 53.8 percent of the annual output was beer, followed by soju - a traditional Korean rice-based alcohol - and rice wine.

The production of alcoholic beverages had increased starting in 2013, before the latest contraction, mainly on the back of consistent demand for soju and rice wine.

The NTS released the data just ahead of the publication of its annual report.



BarleyBarley News Barley


Barley newsCanada: 2017-18 barley production expected to decrease by 17%
For 2017-18, Canada’s barley production is estimated to decrease 17% to a near-record low of 7.3 mln tonnes due to the low area seeded ...More info on site


Barley news UK: Barley consumption by feed sector up 42% in Q1 2017/18
With HMR&C recently releasing trade data for September, we can now take a look at how UK barley consumption and trade has performed in the first quarter of the 2017/18 marketing season (Jul-June), AHDB reported on November 17.

The impressive change is the rebound (42%) in barley consumption by the commercial feed sector – likely driven by price and generally better specific weights on a year ago. The Early Balance Sheet forecasts put total animal feed demand for the full season 3% higher than 2016/17. As such, commercial feed demand will be keenly watched to see if the growth seen in the first quarter persists.

The UK’s barley exports declined by 4% over the reporting period, while total barley usage by brewers, maltsters, and distillers grew by 4%.


Barley news Australia: GrainCorp's malting barley business performs strongly due to US demand for craft beer
GrainCorp's profits have surged off the back of last year's record-breaking grain crop and strong United States demand for craft beer, ABC Online reported on November 21.

The Australian Stock Exchange-listed company said revenue surged as huge stocks of grain moved through its storage, handling and export facilities.

The east-coast grain handler's profits more than doubled, from A$53 million last year to A$142 million by September 30, 2017.

GrainCorp's malting barley business has been a strong performer recently, and continued growth in the craft beer market saw that success continue this year.

"To produce a barrel of an IPA takes anywhere between two or three times the amount of malt that would go into a standard light pilsner" chief executive officer (CEO) Mark Palmquist said.

"It's not just the increased consumption of beer, but the added use of malt to produce these types of craft beers," he said.

The company is eyeing Scotland as the next big source of malt demand.

"That market is changing from a blended scotch whiskey to a single malt, paralleling the craft beer market.

"That is even if the consumption isn't going up — the single malt uses 100 per cent malt inside of the product, whereas blended products will use other carbohydrates ...More info on site


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