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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 Business history
RombBullet Agenda
RombBullet News articles

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E-Malt.com Flash 23a
June 03 - June 05, 2019

Quote of the Week

My motto is: Contented with little, yet wishing for more.
Charles Lamb

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Currency Rates

Base Currency: Euro
on June 05, 2019
Base Currency: US Dollar
on June 05, 2019
      1 EUR = 1.1168 USD
1 EUR = 0.8755 GBP
1 EUR = 1.5042 CAD
1 EUR = 1.6236 AUD
1 EUR = 122.6600 JPY
1 EUR = 4.5433 BRL
1 EUR = 72.2160 RUB
1 EUR = 7.7171 CNY
      1 USD = 0.8953 EUR
1 USD = 0.7839 GBP
1 USD = 1.3469 CAD
1 USD = 1.4537 AUD
1 USD = 109.8300 JPY
1 USD = 4.0682 BRL
1 USD = 64.6649 RUB
1 USD = 6.9102 CNY

Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend

June 05, 2019
French Barley/Malt
Crop 2018
2RS Malting Barley (FOB Creil) 173.50-175.50 down0.57%
6RW Malting Barley (FOB Creil) 167.00-169.00 -
2RS Malt (FOB Antwerp) 372.00-374.00 down0.17%
6RW Malt (FOB Antwerp) 364.50-366.50 up0.16%
Feed Barley (FOB Creil) 164.00-166.00up0.61%
French Barley/Malt
Crop 2019
2RS Malting Barley (FOB Creil) 182.50-184.50 down0.54%
6RW Malting Barley (FOB Creil) 169.00-171.00 up0.59%
2RS Malt (FOB Antwerp) 378.50-380.50 down0.32%
6RW Malt (FOB Antwerp) 362.00-364.00 up0.34%
German Malting Barley
Crop 2018
Ex Farm
Average Malting Barley Price nq  
Danish Malting Barley
Crop 2018
Free on truck
Ex Farm
Malting Barley (East) 1,374.00-1,376.00 down1.43%
Malting Barley (West) 1,374.00-1,376.00 down1.43%
Danish Malting Barley
Crop 2019
Free on truck
Ex Farm
Malting Barley (East) 1,374.00-1,376.00 down1.43%
Malting Barley (West) 1,374.00-1,376.00 down1.43%
-No change; upPrice increase; downPrice decrease versus last publication.

Click here to see our Market Prices History.

Top Industry News

Brewery news Portugal: Beer consumption sees small increase last year ...Click here
Brewery news USA: More than half of top 50 US craft brewers didn’t grow in 2018 ...Click here
Brewery news Vietnam: Heineken and Sabeco draw new battle lines on Vietnam's beer market ...Click here

Whisky news Asia: Pernod Ricard confident over growth prospects in Asia ...Click here

More Industry News

Brewery news USA: More Americans choosing zero-alcohol beers ...Click here
Brewery news South Korea: Beer tax system to be altered for the first time in half a century ...Click here
Brewery news Brazil: Ambev signs USD36.3 mln deal to build solar plants in Brazil ...Click here
Brewery news South Korea: Lotte Liquor announces prices hike ...Click here
Brewery news EU: Brewers preparing for tougher environmental legislation ...Click here
Brewery news Vietnam: Parliament rejects ban on overnight alcohol sale ...Click here
Brewery news Japan: Rugby World Cup expected to boost Heineken sales ...Click here
Brewery news Cameroon: Brewers fear losses and further price hike, following Beer Labeling Program launch ...Click here

Graph of the week

Table of the week

China Hops Area and Production 2015-2018

Table of the week.
Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

These Days in Business History

03 June
1748 - Amsterdam establishes municipal postal service
1889 - The transcontinental Canadian Pacific Railway is completed
1903 - Henry Ford launches the Ford Motor Co. in a refurbished wagon factory in Detroit
1932 - Benjamin Graham publishes the first of a three-part series of articles in Forbes Magazine

04 June
1070 - Roquefort cheese created in a cave near Roquefort, France
1875 - Pacific Stock Exchange opens
1896 - Henry Ford completes the Ford Quadricycle, his first gasoline-powered automobile, and gives it a successful test run
1953 - Woodcock, Hess & Co. of Philadelphia incorporates, becoming the first firm that's a member of the New York Stock Exchange to do so

05 June
1507 - England and Netherlands sign trade agreement
1933 - Gold standard abolished
1933 - The U.S. Congress abrogates the United States' use of the gold standard by enacting a joint resolution (48 Stat. 112) nullifying the right of creditors to demand payment in gold
1947 - Marshall Plan: In a speech at Harvard University, the United States Secretary of State George Marshall calls for economic aid to war-torn Europe
1977 - Apple II, the 1st personal computer, goes on sale


June 2019:
03 - 04: The Brewers of Europe Forum 2019 (Antwerp, Belgium)
09 - 11: Brewing Conference 2019 (Bangkok, Thailand)
24 - 26: 2019 ASBC Meeting (New Orleans, USA)
25 - 26: BevExpo 2019 (Ricoh Arena, Judds Lane, Coventry, United Kingdom)

July 2019:
03 - 04: Craft Drinks India 2019 (Bengaluru, India)
09 - 11: Fdt Africa 2019 (Midrand, South Africa)

August 2019:
02 - 04: The 23rd International Berlin Beer Festival (Berlin, Germany)
06 - 10: The Great British Beer Festival 2019 (London, UK)
07 - 10: VIETFOOD & BEVERAGE - PROPACK 2019 (Ho Chi Minh City, Vietnam)
09 - 10: Beervana 2019 (Wellington, New Zealand)
26 - 31: Copa Cervezas de America 2019 (Valparaiso, Chile)

September 2019:
04 - 08: Mondial de la Biere 2019 (Rio de Janeiro, Brazil)
17 - 19: 10th Iberoamerican VLB Symposium Brewing & Filling Technology 2019 (Guadalajara, Mexico)
21 - 06 October: Oktoberfest 2019 (Munich, Germany)
26 - 27: Sea Brew 2019 (Bangkok, Thailand)
26 - 28: Stockholm Beer & Whisky Festival 2019 (Stockholm, Sweden)

October 2019:
03 - 05: Stockholm Beer & Whisky Festival 2019 (Stockholm, Sweden)
03 - 05: The Great American Beer Festival 2019 (Denver, USA)

November 2019:
12 - 14: Brau Beviale 2019 (Nuremberg, Germany)
27 - 29: Drink Japan 2019 (Makuhari Messe, Japan)

December 2019:
05 - 07: Drink Technology India 2019 (New Delhi, India)
More events are available on site e-malt.com

BreweryBrewery News Brewery

Brewery newsPortugal: Beer consumption sees small increase last year
Beer consumption in Portugal last year amounted to 5.276 mln hl, or 0.5% more than the 5.251 mln consumed in 2017, Brewers of Portugal ...More info on site

Brewery news USA: More than half of top 50 US craft brewers didn’t grow in 2018
More than half of the top 50 Brewers Association-defined craft brewing companies didn’t grow in 2018, according to data published in the May/June edition of the not-for-profit trade group’s New Brewer magazine, Brewbound reported.

It’s the third consecutive year that at least half of the top 50 regional craft brewing companies — those producing between 15,000 and six million barrels of beer a year — didn’t grow. In 2018, 28 of the top 50 small and independent breweries either declined or remained flat. In fact, just seven companies in the top 20 posted mid-to-low single-digit growth.

Beer volumes at three of the top five craft breweries — D.G. Yuengling and Son (-2 percent), Boston Beer Company (-7 percent) and New Belgium Brewing (-11 percent) — declined.

Bucking the trend, however, was Sierra Nevada Brewing Company. After consecutive years of 7 percent declines, the California- and North Carolina-based craft brewery returned to growth in 2018, increasing production 2 percent, to nearly 1.1 million barrels.

Meanwhile, Firestone Walker’s 12 percent uptick in production accounted for all 5 percent of Duvel Moortgat USA’s growth, as volumes dipped at both Boulevard Brewing (-10 percent) and Brewery Ommegang (-8 percent).

Other top-20 craft brewing companies that grew volumes in 2018 ...More info on site

Brewery newsVietnam: Heineken and Sabeco draw new battle lines on Vietnam's beer market
In Vietnam, one of the world’s largest and fastest-growing beer markets, new battle lines are being drawn as Heineken NV and local industry leader ...More info on site

Brewery news USA: More Americans choosing zero-alcohol beers
This summer when it comes time to celebrate with friends, it’s more likely someone in the group will be raising a glass with a beverage that doesn’t have alcohol, CNBC reported on June 1.

The trend coincides with changing consumer tastes, as more Americans try to eat and drink healthier and follow low-carb diets like keto. The term “sober curious” has become popular as a way to identify those who want to stop or reduce their alcohol intake for wellness reasons.

Alcohol consumption across the globe fell 1.6% in 2018 to 27.6 billion cases, according to data from IWSR, which tracks alcohol trends. Non-alcoholic beverages other than soda, which has also seen its consumption fall, offer restaurants and drink makers the opportunity to capitalize on a trend that could otherwise hurt their bottom line.

Mocktails have been around for decades, and non-alcoholic beers have been around even longer, thanks to Prohibition. But more players are entering the market as the trend gathers steam with younger generations. According to IWSR data, the most frequent consumers of low- and no-alcohol drinks are between 21 to 44 years old — an age bracket that mostly includes millennials, with some Generation X consumers — and male.

In the ...More info on site

Brewery news South Korea: Beer tax system to be altered for the first time in half a century
South Korea on June 5 decided to alter the tax system on beer for the first time in half a century in a move to address imbalances in taxes between imported and domestic beer, the Korea Times reported citing the finance ministry.

The change - the first since 1968 - calls for a tax system based on amount rather than an ad valorem, a charge levied on prices of beer, according to the Ministry of Economy and Finance.

Currently, South Korea imposes a 72-percent liquor tax on beer. But the tax base for domestic beer includes manufacturing costs, profit as well as selling, general and administrative expenses.

In contrast, for imported beer, the tax base is only import prices, which do not include any other costs.

In 2018, the average liquor tax for domestic beer was estimated at 848 won (US$0.70) for a litre while that of imported beer is believed to be 709 won.

The imbalances have led to an increased share of imported beers in South Korea in recent years. Imported beers are estimated to have accounted for 20.2 percent in the local beer market in 2018, up from 8.5 percent in 2015.

Under the change, South Korea will uniformly levy 830.3 won in ...More info on site

Brewery news Brazil: Ambev signs USD36.3 mln deal to build solar plants in Brazil
Ambev SA said on June 5 it has signed contracts with four partners to build solar plants in Brazil that will supply clean energy to all of the brewing company's 94 distribution centres in the country by the end of March 2020, Yahoo Finance reported.

The move is part of a global effort by parent company Anheuser Busch InBev to have all of its operations run by renewable energy sources by 2025, and follows previous sustainability initiatives.

Ambev, Latin America's largest brewer, in August said it had agreed to add 1,600 Volkswagen electric trucks to its logistics operators' fleet in Brazil by 2023.

As part of the latest deal, known as "distributed generation," Ambev will pay 140 million reais ($36.30 million) over 10 years to all four partners, which themselves will spend 50 million reais ($12.96 million) to build the 31 facilities.

"The contract works almost as a leasing, and by the end of the 10-year period all the solar plants will be ours," Leonardo Coelho, Ambev's sustainability and supply chain director, said in an interview.

He added the project comprises over 50,000 solar panels, which together will generate 2,600 megawatt hours (MWh) per month, saving 2,900 tons of carbon dioxide annually. Some of the ...More info on site

Brewery news South Korea: Lotte Liquor announces prices hike
Liquor prices are continuing to increase across South Korea, the latest being those from Lotte Liquor, industry sources said on June 1.

Starting this month, prices of liquor from Lotte Chilsung Beverage’s distiller unit will increase by up to 10 percent.

Soju brand Chum-Churum, Chungha rice wine and Kloud beer are among the tipples to see a change in price, Lotte Liquor said.

The company explained that while they tried to reduce consumer burden by maintaining the price, an eventual increase was inevitable as costs of subsidiary materials, logistics and labor increased.

A bottle of Chum-Churum at a convenience store will go from 1,660 won to 1,800 won ($1.50), 300 millilitres of Chungha rice wine from 2,300 won to 2,500 won and a 1.6-liter bottle of Kloud will now cost 7,400 won, a 10.4 percent increase.

Lotte Liquor is not the only local distillery or brewery bumping up the price.

Last month, Hite Jinro hiked the price of soju brand Chamisul, and rival Oriental Brewery showed a similar pattern for its Cass, OB Premier and Cafri beer brands.

Meanwhile, Lotte Confectionary also increased the price for four of its popular snacks - Butter Coconut, Veggie Crackers, Zec, and Lotte Sand - starting this month.

Brewery news EU: Brewers preparing for tougher environmental legislation
European brewers expect they will need to tell more demanding drinkers as much about the environmental impact of a beer as its taste in the next decade as Europe enforces pollution laws, CNBC reported on June 3.

The European Union has brought in waste management laws and banned single-use plastics in the last 12 months, as well as setting limits on carbon emissions from trucks, while Green parties gained in last month’s European Parliament election.

“The changing political landscape is forcing us to think there will be a stronger push for topics like climate change,” Heineken Chief Executive Jean-Francois van Boxmeer told the Brewers of Europe Forum in Antwerp on June 3.

Brewers at the gathering of some 1,000 beer specialists in the Belgian city said they would need to innovate to meet these new demands and the targets they have set for themselves.

“The biggest thing for us now as a new challenge is how do we make it sustainable,” Carlsberg Chief Executive Cees ’t Hart said. The Danish brewer has set itself green objectives which include cutting carbon emissions from its breweries to zero and water usage by half by 2030, with intermediate targets for 2022.

“We know how to reduce further. What ...More info on site

Brewery news Vietnam: Parliament rejects ban on overnight alcohol sale
Vietnam’s parliament has rejected a curfew on the sale of alcoholic drinks proposed by the Ministry of Health, VnExpress International reported on June 4.

The health ministry proposed in a bill aiming to reduce alcohol consumption that Vietnam bans the sale of all alcohol drinks from 10 p.m. to 8 a.m. every day.

But only 224 or 46.3 percent of deputies at the National Assembly, the nation's main legislative body, agreed with the proposal on June 3. The approval of more than half the deputies is needed for a bill or provision to be passed.

The legislators also voted down another provision in the bill.

Only 44 percent of them said yes to banning those found with alcohol content in their blood or breath from driving on the streets.

With a 73 percent vote, they have the nod to a proposed time frame for advertising liquor on television and radio. The proposed provision would ban advertisements of alcoholic drinks from 6 p.m. to 9 p.m. and right before, during and right after programs for children.

The draft law on the prevention of dangers of alcoholic drinks will be voted on at the end of the ongoing National Assembly session on June 14.

It initially contained several prohibitions ...More info on site

Brewery news Japan: Rugby World Cup expected to boost Heineken sales
The company that makes and distributes Heineken beer in Japan said on June 4 it is eyeing a year-on-year sales rise of about 70 percent between September and November, when the country will be hosting the Rugby World Cup, The Japan Times reported.

Heineken Kirin K.K., an affiliate of Kirin Holdings Co., expects demand for beer to surge due to the many rugby fans who are due to visit from overseas to watch the tournament. Heineken is the official beer sponsor of the Rugby World Cup.

Rugby World Cup organizers say rugby and beer are “perfect together” as beer consumption tends to be higher than for other sporting events.

Kirin Brewery Co. plans to raise Heineken beer production in September by some 80 percent from a year earlier.

“We’ll try not to run out of stock no matter what,” the firm said.

Dutch brewer Heineken NV has the sponsorship rights to the Rugby World Cup, which is to be held in cities nationwide from Sept. 20 to Nov. 2.

Brewery news Cameroon: Brewers fear losses and further price hike, following Beer Labeling Program launch
The Cameroonian government is launching in the coming months a program to label beers and soft drinks. This consists of affixing a sticker to each drink bottle, the Business in Cameroon reported on June 4.

Sources said the program should extend to cigarettes and drugs, which are among the products most exposed to smuggling. In a letter sent in early May 2019 to brewing companies, the Ministry of Finance announced the government's decision to continue this program, despite producers’ opposition.

The reform is expected to increase tax revenues by ensuring traceability and control of products most exposed to illegal trade. It will also make it possible to provide brewers with solutions that enable them to protect and authenticate their production.

Despite these advantages evoked by the government, brewers are reluctant. “Aware of the challenges of food safety and public health, Cameroonian brewing companies have set themselves quality and control standards in terms of food safety, which have forced them in recent years to acquire an automated control and traceability system based on advanced technology,” explained an executive of a brewing company.

The latter said the government decision means that brewers will have to “abandon the marking and traceability system on which each of them ...More info on site

WhiskyWhisky News Whisky

Whisky news Asia: Pernod Ricard confident over growth prospects in Asia
Drinks group Pernod Ricard, which is being targeted by activist investor Elliot, on June 4 struck a confident note over its growth prospects in Asia, Euronews reported.

Pernod said it was “uniquely positioned” to quench a thirst for premium drinks from a fast-growing, affluent middle class.

Pernod, the world’s second-largest spirits group after Diageo, said growth would continue to be fuelled by strong demand for its Martell cognac and Chivas whisky in China, and for its Seagram’s whiskies in India.

The group said it was also banking on a reorganisation of its business in Korea and a diversification of its brands, sales channels and markets to drive its future growth.

Digital acceleration and the launch of Seagram’s whiskies in Vietnam, the Philippines, and Myanmar would also help it win over clients from the sector tagged as new ‘Middle Income and Affluent Consumers’ (MAC), said Pernod.

The French company added that its aim in China was to double the size of the imported spirits market to 2% by 2025.

Pernod is under pressure from U.S. hedge fund Elliott to improve profit margins and corporate governance.

In February, Pernod vowed to lift its margins and shareholder returns under a three-year strategic plan that Elliott described as a first, small ...More info on site

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