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E-Malt.com Flash 34a
August 20 - August 22, 2018
Quote of the Week
Act as if what you do makes a difference. It does.
William James
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Currency Rates
Base Currency: Euro
on August 22, 2018 |
Base Currency: US Dollar
on August 22, 2018 |
| |
1 EUR = 1.1502 USD
1 EUR = 0.8974 GBP
1 EUR = 1.4978 CAD
1 EUR = 1.5657 AUD
1 EUR = 127.0100 JPY
1 EUR = 4.5623 BRL
1 EUR = 77.3491 RUB
1 EUR = 7.8748 CNY
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1 USD = 0.8668 EUR
1 USD = 0.7779 GBP
1 USD = 1.3032 CAD
1 USD = 1.3591 AUD
1 USD = 110.2100 JPY
1 USD = 3.9877 BRL
1 USD = 67.1783 RUB
1 USD = 6.8431 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| August 22, 2018 |
French Barley/Malt
Crop 2018
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
234.50-236.50 |  1.29% |
| 6RW Malting Barley (FOB Creil) |
217.00-219.00 |  |
| 2RS Malt (FOB Antwerp) |
441.50-443.50 | 0.84% |
| 6RW Malt (FOB Antwerp) |
420.00-422.00 | |
| Feed Barley (FOB Creil) |
206.00-208.00 | 1.47% |
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) |
1,714.00-1,716.00 |  1.72% |
| Malting Barley (West) |
1,714.00-1,716.00 | 1.72% |
Danish Malting Barley
Crop 2019
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,484.00-1,486.00 | 0.67% |
| Malting Barley (West) |
1,484.00-1,486.00 | 0.67% |
Canadian Barley
Crop 2018 |
CAD/T |
% |
| 2-Row Malting Barley, bulk, track in Winnipeg rail |
364.00-366.00 |
|
| 2-Row Malting Barley, bulk, track in Vancouver rail |
339.00-341.00 |
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| 6-Row Malting Barley, bulk, track/railcar, Winnipeg |
nq |
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| Feed Barley, basis Lethbridge |
254.00-256.00 |
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| Feed Barley, basis Winnipeg |
254.00-256.00 |
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| Feed Barley, bulk in store, Vancouver |
nq |
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US Barley
Crop 2017 |
USD/T |
% |
| 2-Row Malting Barley, bulk, railcar Great Falls, Montana |
180.00-182.00 |
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| 6-Row Malting Barley, bulk, railcar Minneapolis, Minnesota |
nq |
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| Feed Barley, basis Great Falls, Montana |
142.00-144.00 |
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| Feed Barley, basis Minneapolis, Minnesota |
129.00-131.00 |
|
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No change;
Price increase;
Price decrease versus last publication.
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Click here to see our Market Prices History.
China: China Resources Beer posts 29% rise in H1 net profit
...Click here
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Malaysia: Carlsberg Brewery Malaysia warns of consequences of sales and service tax implementation
...Click here
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Croatia: Craft beer accounts for 1.5% of Croatia’s beer market
...Click here
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Antigua and Barbuda: BREWTECH Antigua Limited expected to return to Antigua and Barbuda next year
...Click here
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UK: UK winter barley acreage down more than 6% this year
...Click here
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Vietnam: Little and no alcohol content beers gaining popularity
...Click here
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Hungary: Craft beer production set to rise by up to 30% this year
...Click here
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UK: Spring barley quality reported to be better than expected so far
...Click here
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Ukraine: Barley and wheat harvest completed in Ukraine
...Click here
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Ukraine & Saudi Arabia: Ukraine’s barley exports to Saudi Arabia up 55% in July
...Click here
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Graph of the week
Source: Deutscher Maelzerbund e. V.
Table of the week
Russia Malt Production 2013-2017
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
20 August
1741 - Alaska discovered by Danish explorer Vitus Bering
1896 - Dial telephone patented
1960 - USSR recovers 2 dogs, 1st living organisms to return from space
21 August
1897 - Oldsmobile begins operation as a General Motors Corp division
1975 - U.S. lightens trade embargo against Cuba
1991 - Communist coup is crushed in U.S.S.R. in 2 days
22 August
1864 - International Red Cross forms
1901 - Cadillac Co forms
1932 - The BBC first experiments with television broadcasting
1980 - Mount Everest climbed by Italian Reinhold Messner, alone
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
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Brewery News
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China: China Resources Beer posts 29% rise in H1 net profit
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China Resources Beer (Holdings) Co Ltd on August 17 posted a 29 percent rise in first-half net profit thanks to an increase in average
...More info on site
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Malaysia: Carlsberg Brewery Malaysia warns of consequences of sales and service tax implementation
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Carlsberg Brewery Malaysia Bhd is expecting the implementation of the sales and service tax (SST) on Sept 1 to impact consumer spending on beer negatively, The Star Online reported on August 17.
Speaking after the group’s results briefing for the first half of financial year 2018 (1H18) on August 16, Carlsberg Malaysia managing director Lars Lehmann said the group was urging the Royal Malaysian Customs to further intensify its efforts to fight contraband beer, following the abolition of the goods and services tax and the reintroduction of the SST.
“Contraband beer consumption still makes up 22% to 25% of the market, with the bulk of it occurring in Sabah and Sarawak and impacting government tax revenue. “There will be an impact from the implementation of the SST, although the size of the impact would depend on how the sales tax is applied,” he said.
Lehmann explained that the previous services tax threshold for food and beverage outlets was at an annual revenue of RM3mil and the expected threshold is RM1mil.
“If the sales tax is at 10% with a lower revenue threshold for distributors, there will be some impact to consumer spending,” he said.Carlsberg Malaysia is hopeful that the government will not impose any
...More info on site
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Croatia: Craft beer accounts for 1.5% of Croatia’s beer market
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There are about 40 craft breweries in Croatia, with a market share of about 1.5%, the Total Croatia News reported on August 21.
The brewing industry in Croatia, directly and indirectly, employs around 28,000 people.
There are six major industrial breweries in the country, but there is also a growing trend of small craft breweries. New products raise the image and value of the overall sector, which strengthens the potential of small and medium-size enterprises and ultimately results in rising employment trends in the food industry.
According to the Croatian Chamber of Commerce (HGK), Croatia is at the 20th position in the EU by beer consumption. When foreign tourists’ “contribution” is taken into account, it reaches the eighth position. Although Croatia is not usually perceived as a traditional beer country, the data of the HGK’s Brewery Association show that Croatians increasingly appreciate higher-quality beers.
With an annual production of 3.4 mln hl of beer, Croatia is ranked 22nd in the European Union. However, according to the HGK’s analysts, the total annual consumption of beer in the country, including consumption by foreign tourists, is about 80 litres per capita, and Croatia is therefore at the eighth position in the EU. Without tourists, the beer
...More info on site
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Antigua and Barbuda: BREWTECH Antigua Limited expected to return to Antigua and Barbuda next year
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Antiguans and Barbudans will, if all goes according to plan, have significant stake in BREWTECH Antigua Limited which is expected to return to the country and start operations next year, the Antigua Observer reported on August 22.
Jobst Meier Zu Biesen, managing director of BREWTECH Antigua Limited, told OBSERVER on August 21 the aim is for the brewery to be owned primarily by Antiguans.
“It is an Antiguan company and our aim is to have majority Antiguan shareholders so that it could be called truly Antiguan. One reason is for marketing purposes and secondly it is about the benefit of the country. If it is an Antiguan country the dividends plus everything else stays in the country,” Biesen said.
He added that if the company was owned fully by a foreign investor then all the profits and other benefits would be for the investor himself. However, he stated that, the management of the brewery will be based entirely on the shareholder status.
The Germany-based brewer, will assume responsibility for the setting up and management of the new brewery plant at Crabbs Peninsula in the interim stage. He said that all the engineering has been taken care of and he will also be responsible for
...More info on site
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Vietnam: Little and no alcohol content beers gaining popularity
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Vietnam imbibes more beer than any other country in Southeast Asia, but increased health awareness is creating a market for alternative brews with little or no alcohol content, the Nikkei Asian Review reported on August 17.
Saigon Binh Tay Beer, a Ho Chi Minh City brewery known as Sabibeco, intends to quintuple production of its Sagota brand of low-alcohol beer in the coming years.
The beer has an alcohol content of less than 0.5% and goes for 15,000 dong (65 cents) per 330-milliliter can. It did not sell well when it was released in 2014, but it has picked up a following, especially among women and younger drinkers. So the affiliate of Saigon Beer Alcohol Beverage Corp., or Sabeco, is aiming for annual output of 1 billion litres by 2025.
Imports of non-alcoholic beer from Germany and Japan are also increasing. At a Fivimart supermarket in central Hanoi, German brand Oettinger's alcohol-free beer has prime placement. A 500 ml can costs 33,000 dong, around 10% more than typical imported brews.
Other non-alcoholic beers, such as Asahi Breweries' Dry Zero and Baltika from Russia, are available at Vietnamese supermarkets and online stores.
Vietnam consumed 4.1 billion litres of beer in 2016, the ninth-most worldwide, according to
...More info on site
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Hungary: Craft beer production set to rise by up to 30% this year
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Output of Hungarian craft breweries is set to climb by as much as 20-30% this year, Ádám Dudok, the head of the countryʼs Craft Beer Association, was cited as saying by business daily Világgazdaság on August 15.
Based on the 100,000 hectolitres produced last year by craft breweries in Hungary, compared to the 6.2 million hectolitres produced by major breweries, small brewers account for only around 1.5% of total beer output in Hungary. Last yearʼs craft beer output was already double that of 2016, however, and Dudok believes its share could rise to 4-5% within six to eight years.
Dudok, who is also managing director of craft brewer Horizont, told the paper that small breweries need to expand their capacity and invest in product and technology developments. Exports offer another growth opportunity, he noted, adding that a number of Hungarian craft brewers already generate 8-10% of their revenues from exports.
Dániel Kurucz, co-organizer of a major beer festival in Budapest and owner of First Craft Beer Co. in the capital, puts start-up costs for a small craft brewery at HUF 40-50 mln. While this is enough for capacity to supply a few pubs, adding a bottling line raises costs to at least HUF
...More info on site
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Barley News
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UK: UK winter barley acreage down more than 6% this year
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The acreage of English winter barley was down more than six per cent this year, according to government statistics, FarmingUK reported on August 21.
Provisional arable crop figures released by Defra showed that the area of winter barley in England fell by 6.2 per cent between 2017 and 2018, although the department said yields were holding up well.
It said yield reports were "variable, particularly across regions, but early indications suggest winter barley yields are above the five-year average."
ADAS, in a report for AHDB Cereals & Oilseeds, reported both yield and quality were holding up.
"The current GB yield estimate for winter barley is 6.8-7.0t/ha (adjusted to 14.5% moisture), which is in line with the GB five year average of 6.9t/ha," said ADAS in its third harvest report, with the harvest of winter barley 99 per cent complete.
"The majority of malting varieties are meeting specification, and quality overall is good."
The Defra figures are the first results from the 2018 June Survey of Agriculture and Horticulture. Provisional estimates are included for the main cereal and oilseed areas on commercial holdings on June 1, 2018.
The ADAS report is from the week ending August 7. It uses data supplied by regional reporters - mostly independent agronomists.
...More info on site
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UK: Spring barley quality reported to be better than expected so far
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So far spring barley yields in the UK have varied drastically with the average yield at this point estimated at 5.1-5.5t/ha, this is slightly below the five year average yield of 5.8t/ha, AHDB reported on August 17.
Around 35% of the GB spring barley area has now been harvested, as at 14 August, slightly behind 2014 but ahead of other harvests in the last five years. Reports so far suggest that quality is better than expected given the difficult conditions this year. Due to the split in planting windows this year crops vary greatly in their maturity which may lead to swings in yield and quality information as harvest progresses.
Overall, 75% of the total GB cereal and oilseed crop area has now been harvested according to the latest GB harvest report for the week ending 14/08/18. This remains at least a week ahead of progress in the previous five years despite heavy showers and continual rainfall halting progress in most regions from 09/08/18 onwards.
The winter barley and OSR harvest has now drawn to a close for the most part, with only 7% of the OSR crop left unharvested in Scotland. The winter wheat harvest is now 80% complete and any
...More info on site
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Ukraine: Barley and wheat harvest completed in Ukraine
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According to the Agrarian Policy Ministry of Ukraine, the harvest of early cereals and pulses was 99% complete as of August 20, UkrAgroConsult reported on August 21.
Wheat and barley had been gathered from 99.6% and 99.2% of their projected harvest areas, respectively.
Wheat yield is down 9% from last year, while that of barley is 12% lower than in 2017.
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Ukraine & Saudi Arabia: Ukraine’s barley exports to Saudi Arabia up 55% in July
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Ukraine's barley exports to Saudi Arabia jumped by 55 percent in July from a year earlier to 464,000 tonnes thanks to a decrease in barley production by the main producing countries, analyst APK-Inform said on August 17.
"This growth is associated with a decrease in barley production this year in key exporting countries - Australia, Canada and Russia," it said in a statement.
The consultancy said that Ukraine's exportable surplus of barley remained practically at the previous season's level of 4.1 million tonnes.
Ukraine harvested 7.1 million tonnes of barley from 95 percent of the sown area as of Aug. 13.
APK-Inform also said that a diplomatic dispute between Saudi Arabia and Canada that was affecting their trade relations could enable Ukraine to increase shipments to Saudi Arabia.
Ukraine exported a total of 4.28 million tonnes of barley in the 2017/18 July-June season, including 1.9 million tonnes to Saudi Arabia.
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