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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 31a
July 30 - August 01, 2018

Quote of the Week

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Anne Frank

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Currency Rates


Base Currency: Euro
on August 01, 2018
Base Currency: US Dollar
on August 01, 2018
      1 EUR = 1.1736 USD
1 EUR = 0.8922 GBP
1 EUR = 1.5298 CAD
1 EUR = 1.5804 AUD
1 EUR = 130.8400 JPY
1 EUR = 4.3818 BRL
1 EUR = 73.0738 RUB
1 EUR = 8.0178 CNY
      1 USD = 0.8540 EUR
1 USD = 0.7615 GBP
1 USD = 1.3030 CAD
1 USD = 1.3466 AUD
1 USD = 111.5100 JPY
1 USD = 3.7393 BRL
1 USD = 62.3497 RUB
1 USD = 6.8174 CNY


Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend


August 01, 2018
French Barley/Malt
Crop 2018
Bulk
EUR/T %
2RS Malting Barley (FOB Creil) 213.50-215.50 up1.42%
6RW Malting Barley (FOB Creil) 191.00-193.00 up3.78%
2RS Malt (FOB Antwerp) 415.50-417.50 up0.89%
6RW Malt (FOB Antwerp) 388.00-390.00 up2.26%
Feed Barley (FOB Creil) 187.00-189.00up3.87%
German Malting Barley
Crop 2018
Bulk
Ex Farm
EUR/T %
Average Malting Barley Price nq  
Danish Malting Barley
Crop 2018
Free on truck
Ex Farm
DKK/T %
Malting Barley (East) 1,614.00-1,616.00 down1.22%
Malting Barley (West) 1,614.00-1,616.00 down1.22%
Danish Malting Barley
Crop 2019
Free on truck
Ex Farm
DKK/T %
Malting Barley (East) 1,434.00-1,436.00 down1.37%
Malting Barley (West) 1,434.00-1,436.00 down1.37%
Canadian Barley/Malt
Crop 2017
CAD/T %
2-Row Malting Barley, bulk, track in Winnipeg rail nq  
2-Row Malting Barley, bulk, track in Vancouver rail nq  
6-Row Malting Barley, bulk, truck/railcar, Winnipeg nq  
Feed Barley, basis Lethbridge nq  
Feed Barley, basis Winnipeg nq  
Feed Barley, bulk in store, Vancouver nq  
Canadian Barley/Malt
Crop 2018
CAD/T %
2-Row Malting Barley, bulk, track in Winnipeg rail 364.00-366.00 up9.28%
2-Row Malting Barley, bulk, track in Vancouver rail 339.00-341.00 down3.68%
6-Row Malting Barley, bulk, track/railcar, Winnipeg nq  
Feed Barley, basis Lethbridge 241.00-243.00  
Feed Barley, basis Winnipeg 241.00-243.00  
Feed Barley, bulk in store, Vancouver nq  
US Barley
Crop 2017
USD/T %
2-Row Malting Barley, bulk, railcar Great Falls, Montana 180.00-182.00 -
6-Row Malting Barley, bulk, railcar Minneapolis, Minnesota nq  
Feed Barley, basis Great Falls, Montana 142.00-144.00 down4.03%
Feed Barley, basis Minneapolis, Minnesota 129.00-131.00 -
-No change; upPrice increase; downPrice decrease versus last publication.

Click here to see our Market Prices History.


Top Industry News


Brewery news World: Beer production up 0.1% in 2017 ...Click here
Brewery news World: Heineken reports higher beer sales, earnings below market expectations in H1 ...Click here
Brewery news UK: Overall beer sales increase 3.6% in Q2 2018 ...Click here
Brewery news Germany: Beer sales up 0.6% in last six months ...Click here
Brewery news Vietnam: Sabeco’s Q2 net profit down 6.37% ...Click here
Brewery news USA: Craft beer production, number of breweries grow in first half of 2018 ...Click here

Barley news World: IGC lowers forecast for total grains, barley output in 2018/19 ...Click here
Barley news EU: Baltics, Scandinavian barley crops significantly damaged by weather ...Click here
Barley news EU: Brewers facing shortage of malting barley because of scorching weather this summer ...Click here
Barley news Australia & China: China importing Australian malting barley at ever-increasing rate ...Click here

Hops news World: Brewers to get a good supply of hops this year ...Click here


More Industry News


Brewery news USA: Boston Beer’s return to growth continues for a second consecutive quarter ...Click here
Brewery news Japan: Kirin ramping up beer output as ‘unprecedented’ heat wave continues in Japan ...Click here
Hops news New Zealand: MyFarm launches NZ17.64 mln investment in what will become New Zealand’s largest hop garden ...Click here
Brewery news New Zealand: Lion buys Harrington’s boutique craft brewery ...Click here
Barley news Ireland: Boortmalt adjusts malting barley protein specifications ...Click here
Whisky news South Korea: Diageo accepts applications for voluntary retirement amid deteriorating profitability ...Click here

Graph of the week



Source: Deutscher Maelzerbund e. V.

Table of the week

Russia, Ukraine, and Kazakhstan Barley Supply & Demand Balance 2018/19f


Table of the week.
Prices Evolution

Prices evolution

Barley Prices



Theoretical Malt Prices


Scientific Digest


PROTECT THE ISOHUMULONES IN BEER - INCREASE THE THIOLS!

ABSTRACT
In the context of flavour stability that is the conclusion of a Danish Researcher Team. They have looked into the mechanism of stale flavour development in stored beer. It is known that in the presence of metal ions, such as iron and copper, molecular oxygen converts into superoxide radicals, peroxyl radicals, and hydrogen peroxide. In the absence of antioxidants, hydrogen peroxide reacts with metal ions via the Fenton reaction and generates hydroxyl radicals that react with most compounds with almost no selectivity. Since ethanol is the most abundant component in beer, a large fraction of hydroxyl radicals reacts with ethanol, thereby forming 1-ydroxyethyl radicals. The 1-hydroxyethyl radicals can either be quenched by antioxidants or react with other beer components, such as bitter acids from hops, or with oxygen to form acetaldehyde and peroxyl radicals leading to a chain reaction that creates more oxidative damage. In this study they have found that the isohumulones are an easy victim and account for almost 90% of the reaction with 1-hydroxyethyl radicals. Whereas the thiols acted as secondary antioxidants. However, with normal concentrations and under normal conditions they only account for 10% of the reaction with 1-hydroxyethyl radicals. They hypothesize that increasing the concentration of thiols can bind more staling aldehydes in beer and hereby increase flavour stability. And where could these thiols come from? Of course from hops!

REFERENCES:

Andersen, M.: Kinetic Models for the Role of Protein Thiols during Oxidation in Beer J. Agric. Food Chem. 2017, 65, 10820-10828

Source: Barth Innovations

These Days in Business History


30 July
1863 - Henry Ford, car manufacturer was born
1897 - German chemist named Felix Hoffman synthesizes a stable form of acetylsalicylic acid in a laboratory in Berlin. The head of Bayer's pharmacological institute, Heinrich Dreser, soon names the product "aspirin," and it becomes the best-selling drug of all time
1928 - George Eastman demonstrates 1st color movie
1962 - The Trans-Canada Highway, the largest national highway in the world, is officially opened

31 July
1790 - 1st US patent granted, to Samuel Hopkins for a potash process
1809 - 1st practical US railroad track (wooden, for horse-drawn cars), Philadelphia
1925 - Unemployment Insurance Act passed in England

01 August
1930 - Clarence Birdseye is awarded a U.S. patent for the invention of packaged frozen food
1950 - Steve Wozniak, future co-inventor of the Apple computer, is born
1981 - Pres. Ronald Reagan signs into law the Economic Recovery Tax Act of 1981, the biggest tax cut in American history, which streamlines the Federal income tax brackets, lowers the top rate to 36%, and creates the universally-deductible Individual Retirement Account

Agenda


August 2018:
03-05: The 22nd International Berlin Beer Festival (Berlin, Germany)
07-11: The Great British Beer Festival 2018 (London, UK)
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)
20-22: The Great American Beer Festival 2018 (Denver, USA)
22-07 October: Oktoberfest 2018 (Munich, Germany)
24-26: 9th Iberoamerican VLB Symposium 2018 (Recife, Brazil)


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: Beer production up 0.1% in 2017
As a result of the adjustments to the output figures for some countries, world beer output in 2016 was in fact 7 million hl ...More info on site


Brewery newsWorld: Heineken reports higher beer sales, earnings below market expectations in H1
Heineken, the world’s second-largest beer maker, cut its full-year margin forecasts due to currency weakness in some more profitable markets and expansion in Brazil, ...More info on site


Brewery newsUK: Overall beer sales increase 3.6% in Q2 2018
UK’s overall beer sales in the second quarter of 2018 were up 3.6% - but down 1% in the on-trade - versus the same ...More info on site


Brewery newsGermany: Beer sales up 0.6% in last six months
Germans love beer at the best of times, but they are drinking even more this summer, with the hot weather and the football World ...More info on site


Brewery newsVietnam: Sabeco’s Q2 net profit down 6.37%
Vietnam’s largest brewer Sabeco reported on July 30 second-quarter net profit of 1.29 trillion dong ($55.46 million), down 6.37 percent from a year earlier, ...More info on site


Brewery news USA: Craft beer production, number of breweries grow in first half of 2018
Growth for small and independent craft brewers remained stable for the first half of 2018, according to new mid-year metrics released by the US Brewers Association (BA)—the not-for-profit trade association dedicated to small and independent American brewers.

Production volume for the craft segment increased five percent during the first half of 2018.

“While more mature, the market continues to show demand for small and independent craft brewers,” said Bart Watson, chief economist, Brewers Association. “There are certainly industry headwinds, but this stabilized growth rate is reflective of the market realities that exist for brewers today.”

As of June 30, there were 6,655 active breweries, up from 5,562 during a comparable timeframe last year. An estimated 2,500 to 3,000 breweries are in planning, based on active Alcohol and Tobacco Tax and Trade Bureau (TTB) licenses.

“The data demonstrate that 2018 is on pace to have the highest number of brewery openings and closings to date. However, even as breweries close, openings continue to far outpace the number that shutter,” added Watson. “New players looking to enter the space should be aware of the constructs of the current landscape, work to differentiate themselves and will need to make quality beer to succeed.” ...More info on site


Brewery news USA: Boston Beer’s return to growth continues for a second consecutive quarter
Boston Beer Company’s return to growth continued for a second consecutive quarter, Brewbound reported on July 27.

The company — which makes the Samuel Adams, Angry Orchard, Twisted Tea, and Truly Spiked & Sparkling products —reported on July 26 its second-quarter earnings results, which were highlighted by a 10.2 percent increase in net revenue to $273.1 million. For the 26-week period ending June 30, Boston Beer’s net revenue was up 13.2 percent, to $463.6 million.

Boston Beer’s year-to-date depletions are up 11 percent due to increased demand for Truly, Twisted Tea and Angry Orchard products, the company said, and only partially offset by Samuel Adams’ declines. In the last 13 weeks, depletions increased 12 percent.

As a result of those double-digit depletion trends, Boston Beer has adjusted its full-year depletion guidance. It is now expecting depletions (sales-to-retailers) to grow between 7 and 12 percent in 2018.

“I am tremendously proud of the efforts of our people in achieving double-digit growth and record total depletions, while maintaining a focus on quality and innovation,” Boston Beer founder and chairman Jim Koch said during a call with investors and analysts. “I believe that our depletions growth is attributable to our key innovations, quality and strong brands, as ...More info on site


Brewery news Japan: Kirin ramping up beer output as ‘unprecedented’ heat wave continues in Japan
As Japan’s “unprecedented“ heat wave continues to blanket the country, sales of summer essentials such as beer, ice cream and air conditioning units have seen notable sales increases across the country during July, The Drinks Business reported on July 26.

The ongoing heat wave in Japan has killed 80 people and hospitalised 35,000 since the beginning of July.

Major brewer Kirin is already planning to ramp up its production at all of its factories across the country, and increase its low-malt output by about 20% over last year, according to Japanese newspaper Yomiuri Shimbun.

Meanwhile Suntory Spirits also plans to increase production of ‘chuhai’, a canned alcoholic drink, as well as its whisky and soda highballs by 15% in the two months of July and August.

The country’s beer shipments in the first half of 2018 dropped for the sixth year, due to increased retail prices but the prolonged summer heat might help stimulate sales in the coming months.

In addition, sales of air conditioners in the country rose in both June and July. Electronics company Daikin Industries will increase its air conditioner production by 10% from July to September, according to the newspaper.

Popsicles and ice creams are also moving fast at convenience stores across ...More info on site


Brewery news New Zealand: Lion buys Harrington’s boutique craft brewery
Lion New Zealand has clinched a deal to buy Harrington's craft brewery - one of the pioneers in the boutique sector, The Press reported on July 31.

When John Harrington set up the business in Christchurch 27 years ago, the only other independent brewer of note was Nelson-based McCashin's which Lion bought in 1999, although the latest generation of the McCashin family continues a local operation.

The Harrington's brand will be integrated into the Lion's den for wider national sales, providing a niche between the traditional Mac's brews and more intense hop-flavoured beers of Emerson's, which it acquired in 2012.

Harrington's founder, John Harrington said the market was "a very different place" from when he started and he had been thinking for a while about how best to carry the business into the future.

He said he had a relationship with Lion since his publican days and it had a strong track record of growing craft beer brands.

"We're confident that the work we've done in creating a strong legacy will be protected, and even strengthened by this move," Harrington said.

Lion plans to invest about NZ$2 million updating the Christchurch brewery in the initial stages to reinvigorate the business and improve brewing processes.

Rory Glass, Lion ...More info on site



BarleyBarley News Barley


Barley newsWorld: IGC lowers forecast for total grains, barley output in 2018/19
The International Grains Council (IGC) on July 26 lowered its forecast for total grains production in 2018-19 to 2.059 billion tonnes, down from 2.077 ...More info on site


Barley newsEU: Baltics, Scandinavian barley crops significantly damaged by weather
Drought conditions are so bad in the Baltic/Scandinavian regions this year that most locals cannot remember a similar situation, H. M. Gauger GmbH said ...More info on site


Barley newsEU: Brewers facing shortage of malting barley because of scorching weather this summer
First it was carbon dioxide. Now it is malting barley.

After grappling with a shortage of the gas that adds bubbles to lager and the ...More info on site


Barley newsAustralia & China: China importing Australian malting barley at ever-increasing rate
China has an unquenchable thirst for Australian malting barley, with the nation importing barley for beer making at an ever-increasing rate, The Weekly Times ...More info on site


Barley news Ireland: Boortmalt adjusts malting barley protein specifications
Boortmalt has adjusted its malting barley protein specifications for this year’s harvest. Malting barley supplied to the company can now have a protein content as high as 12%, Agriland reported on July 30.

Growers who supply Boortmalt deliver both distilling and brewing barley. Distilling barley takes up 30% of the contracted tonnage and brewing barley takes up the remaining 70%.

Distilling barley only reaches the hopper when it has a protein content of less than, or equal to, 9.3%.

At the beginning of the harvest, the protein specifications for malting barley stated that protein content must be at, or below, 10.8%.

However, protein contents from early crops have been high in many cases, with a range of between 9% and 14% reported to AgriLand in the south and midlands so far.

As a result, Boortmalt has changed the brewing specification for protein content to 12%.

The decision taken by the maltsters comes as there is expected to be a shortage of malting barley across Europe.

The total harvest of malted barley across Europe has been predicted to drop by 500,000 tonnes in some cases.

The shortage has also caused the price paid for the commodity to rise. In the UK, a premium of £50/t is being paid above ...More info on site



HopsHops News Hops


Hops newsWorld: Brewers to get a good supply of hops this year
Brewers will get a good supply of hops, a key beer ingredient, this year as the world hop harvest is likely to reach a ...More info on site


Hops newsNew Zealand: MyFarm launches NZ17.64 mln investment in what will become New Zealand’s largest hop garden
MyFarm has launched a NZ$17.64 million investment into what will become New Zealand’s largest hop garden, newsroom.co.nz reported on July 30.

The opportunity to invest ...More info on site



WhiskyWhisky News Whisky


Whisky news South Korea: Diageo accepts applications for voluntary retirement amid deteriorating profitability
Diageo Korea, the purveyor of Windsor and Johnnie Walker, has recently carried out large-scale restructuring to cope with its deteriorating profitability, the U.K.-based distiller's local subsidiary said on August 1.

According to the top whisky maker in the Korean market, it accepted applications for voluntary retirement last month from its employees who have worked for the company for more than five years.

Over 30 employees including executives and branch managers reportedly applied.

This is the first time in five years that Diageo Korea has carried out such a program.

The liquor firm agreed with its union to give severance pay and additional compensation to the retirees, according to industry officials.

"We have actually reshuffled our organization every year, but it has been a long time since we accepted applications for early retirement," a Diageo Korea spokeswoman said. "The reason for the recent reform is to enhance our efficiency and revitalize the company."

Diageo Korea posted 325.7 billion won ($293 million) in sales between July 2016 and June 2017, down 4.8 percent from 342.1 billion won for the same period from 2015. It was the company's first failure to reach 350 billion won in sales since 2007.

Its operating profit also dropped to 56.8 billion won during the ...More info on site


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