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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 44a
October 28 - October 30, 2019

Quote of the Week

I don't dream at night, I dream all day; I dream for a living.
Steven Spielberg

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Currency Rates


Base Currency: Euro
on October 30, 2019
Base Currency: US Dollar
on October 30, 2019
      1 EUR = 1.1098 USD
1 EUR = 0.8631 GBP
1 EUR = 1.4503 CAD
1 EUR = 1.6190 AUD
1 EUR = 120.8800 JPY
1 EUR = 4.4304 BRL
1 EUR = 70.8442 RUB
1 EUR = 7.8347 CNY
      1 USD = 0.9009 EUR
1 USD = 0.7777 GBP
1 USD = 1.3067 CAD
1 USD = 1.4587 AUD
1 USD = 108.9200 JPY
1 USD = 3.9920 BRL
1 USD = 63.8340 RUB
1 USD = 7.0594 CNY


Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend


October 30, 2019
French Barley/Malt
Crop 2019
Bulk
EUR/T %
2RS Malting Barley (FOB Creil) 158.50-160.50 -
6RW Malting Barley (FOB Creil) 158.00-160.00 -
Feed Barley (FOB Creil) 160.00-162.00up0.63%
2RS Malt (FOB Antwerp) 349.00-351.00 -
6RW Malt (FOB Antwerp) 348.50-350.50 -
French Barley/Malt
Crop 2020
Bulk
EUR/T %
2RS Malting Barley (FOB Creil) 175.50-177.50 up0.57%
6RW Malting Barley (FOB Creil) 169.00-171.00 up1.19%
2RS Malt (FOB Antwerp) 370.00-372.00 up0.33%
6RW Malt (FOB Antwerp) 362.00-364.00 up0.68%
German Malting Barley
Crop 2019
Bulk
Ex Farm
EUR/T %
Average Malting Barley Price nq  
Danish Malting Barley
Crop 2019
Free on truck
Ex Farm
DKK/T %
Malting Barley (East) 1,184.00-1,186.00 down1.66%
Malting Barley (West) 1,184.00-1,186.00 down1.66%
-No change; upPrice increase; downPrice decrease versus last publication.

Click here to see our Market Prices History.


Top Industry News


Brewery news World: Beer exports total $15.8 bln for 2018 ...Click here
Brewery news World: Carlsberg revises upward annual profit outlook ...Click here
Brewery news China: Tsingtao Brewery posts 23.2% net profit growth for January-September this year ...Click here
Brewery news Vietnam: Sabeco reaped $3.87 mln in revenue a day in January-September ...Click here


More Industry News


Brewery news USA: Boston Beer reports higher revenue for Q3 2019 ...Click here
Brewery news Nigeria: Brewers groaning under excise duty burden ...Click here
Brewery news USA & Canada: Molson Coors to cut jobs, simplify segments and add more products beyond beer to boost revenue ...Click here
Brewery news Kenya: Kenya losing billions in potential taxes to cross-border beer smuggling from Uganda ...Click here
Brewery news The Philippines: Increasing excises on alcohol expected to reduce consumption by 20% - research ...Click here

Graph of the week



Table of the week

The 40 Largest Breweries Worldwide 2018


Table of the week.
Prices Evolution

Prices evolution

Barley Prices



Theoretical Malt Prices


Scientific Digest


SUSTAINABILITY IN HOPS PRODUCTION

ABSTRACT
To compare the energy consumption of hop drying is part of a holistic sustainability review of hop production. This US team looked into the general sustainability challenges in beer production including hops production. Sustainability is often thought of solely in context of the environment, but it is recognized to encompass the integration of economic development, social development, and environmental protection, which are referred to as the three pillars of sustainability. If we look at it from an environmental perspective the method of LCA (life cycle analysis) is often used, which means to look at the different parts/ingredients from "cradle to grave". The brewery in general is a large consumer of water and energy. Published figures are 8-12 kWH, 5hl of water 150 MJ of fuel energy to produce 1 hl of beer plus 13.6 kg of spent grain and 4 kg of spent yeast produced. Speaking in Carbon foot print a published study indicates that packaging accounts for 40%, and raw materials for 22% (mainly barley). Although the impact of hops was found to be small in this review, the quantity of hops required for brewing hop forward beers is much higher. A beer with 110 g of hops/hl of beer can equal 0.2% of the total carbon footprint. A tenfold usage of hops of 1.1kg/hl beer would mean 2% of the total carbon footprint. Parameters for hops production are machinery, irrigation, fertilization, soil emissions and pesticides usage and kilning. Overall estimates of emissions equivalents ranged from ~3.5 to 5.5 kg of CO2e per kilogram of hops in all cases, estimates were substantially higher than literature values for the production of malt on a kilogram per kilogram basis, which were reported by TCC as 0.91 kg of CO2e per kilogram. Meanwhile the hop industry is providing sustainability reports.

REFERENCES:

Dean G. Hauser et al: An Overview of Sustainability Challenges in Beer Production, and the Carbon Footprint of Hops Production, MBAA TQ vol. 56, no. 4, 2019, pp. 00-00


Source: Barth Innovations

These Days in Business History


28 October
1904 - St Louis police try a new investigation method - the fingerprints
1954 - Nobel prize for literature awarded to Ernest Hemingway
1986 - International Red Cross ousted from South Africa

29 October
1929 - The New York Stock Exchange crashes in what will be called the Crash of '29 or "Black Tuesday", ending the Great Bull Market of the 1920s and beginning the Great Depression
1947 - Belgium, Luxembourg and Netherland form Benelux Union
1952 - Sweden begins experimental TV
2008 - Delta Air Lines merges with Northwest Airlines, creating the world's largest airline and reducing the number of US legacy carriers to five

30 October
1894 - Daniel Cooper patents time clock
1987 - August A Busch III becomes CEO of St Louis Cards
1989 - Mitsubishi Estate Co. agrees to pay $846 million for 51% of Rockefeller Center in New York City; by 1996, the Mitsubishi affiliate is so financially troubled that it sells Rockefeller Center for less than $400 million

Agenda

October 2019:
29 - 13 November: World Beer Cup 2020 (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)

January 2020:
31 - 01 February: Braukunst Live! 2020 (Munich, Germany)

February 2020:
04 - 08: Great British Beer Festival Winter 2020 (Norwich, UK)
07 - 10: HoReCa 2020 (Athens, Greece)
07 - 09: Finest Spirits 2020 (Munich, Germany)
15 - 18: Beer Attraction 2020 (Rimini, Italy)
24 - 26: Beviale Moscow 2020 (Moscow, Russia)

March 2020:
09 - 11: 107th Brewing and Engineering Congress 2020 (Rust, Germany)
11 - 12: BeerX 2020 (Liverpool, UK)

April 2020:
19 - 22: Craft Brewers Conference & BrewExpo America 2020 (San Antonio, Texas, USA)
25 - 26: Zythos Beer Festival 2020 (Leuven, Belgium)

May 2020:
05 - 07: International Beer Strategies Conference 2020 (Munich, Germany)
13 - 15: Craft Beer China 2020 (Shanghai, China)
19 - 21: Beer 2020 (Sochi, Russia)
21 - 24: Mondial de la Biere 2020 (Montreal, Canada)

June 2020:
03 - 04: The Brewers of Europe Forum 2020 (Antwerp, Belgium)

August 2020:
07 - 08: Beervana 2020 (Wellington, New Zealand)




More events are available on site e-malt.com


BreweryBrewery News Brewery


Brewery newsWorld: Beer exports total $15.8 bln for 2018
International sales from beer exports by country totaled US$15.8 billion for 2018. That dollar amount reflects a 15.7% appreciation for all beer shippers over ...More info on site


Brewery newsWorld: Carlsberg revises upward annual profit outlook
Danish brewer Carlsberg revised upwards its annual profit growth outlook on October 28, saying it now expects organic operating profit to rise by around ...More info on site


Brewery newsChina: Tsingtao Brewery posts 23.2% net profit growth for January-September this year
Tsingtao Brewery Co., Ltd., China's major brewery and producer of Tsingtao Beer, posted a 23.2 percent annual net profit growth in the first three ...More info on site


Brewery newsVietnam: Sabeco reaped $3.87 mln in revenue a day in January-September
Vietnam's biggest brewer Sabeco reaped VND90 billion ($3.87 million) in revenue a day in January-September, a double-digit rise, VnExpress International reported on October 26.

In ...More info on site


Brewery news USA: Boston Beer reports higher revenue for Q3 2019
The Boston Beer Company, Inc. completed the previously reported Dogfish Head Brewery transaction and began consolidating the Dogfish Head financial results on July 3, 2019.

The combined company reported third quarter 2019 net revenue of $378.5 million, an increase of $71.6 million or 23.3% from the third quarter of 2018, mainly due to an increase in shipments of 19.1%.

Net income for the third quarter was $44.7 million, or $3.65 per diluted share, an increase of $6.7 million or $0.44 per diluted share from the third quarter of 2018. This increase was primarily due to increased revenue, partially offset by lower gross margins, increases in advertising, promotional and selling expenses, and the non-recurrence of a $0.38 per diluted share favorable one-time impact related to a tax accounting method change in the third quarter of the prior year.

Earnings per diluted share for the 39-week period ended September 28, 2019 were $8.07, an increase of $2.11 from the comparable 39-week period in 2018. Net revenue for the 39-week period ended September 28, 2019 was $948.5 million, an increase of $178.1 million, or 23.1%, from the comparable 39-week period in 2018.

In the third quarter, Dogfish Head operating income of $6.9 ...More info on site


Brewery news Nigeria: Brewers groaning under excise duty burden
With competition from cheaper brands and sachet alcoholic drinks, brewing firms in Nigeria are groaning under the burden of excise duty as they struggle to manage costs that would have hitherto been passed to consumers, The Guardian reported on October 30.

Already, consumer purchasing power has continued to drop with preference for cheaper commodities taking centre stage in many of such purchases.

The Federal Government had introduced a new excise regime on 4 June 2018 to address shortfalls in revenue and this new regime led to an increase of at least N30 per litre of alcohol consumed in the country.

Another increase to N35 per litre was slated for implementation earlier in June.

Based on the financial results obtained by The Guardian, excise duty expense for the third quarter ended September 30, 2019 by Nigerian Breweries showed that the company paid N24.24 billion in excise duty compared to N16.93 billion in 2018 even when revenue for the two periods remained almost the same.

International Breweries had paid N1.53 bln as at September 2018; Champion Breweries N311.3 mln as at December 2018, while Guinness Nigeria Plc that controls the second largest market share did not reveal how much it paid, even though industry sources put its ...More info on site


Brewery news USA & Canada: Molson Coors to cut jobs, simplify segments and add more products beyond beer to boost revenue
Molson Coors Brewing Co said on October 30 it would cut jobs, simplify business segments and add more products beyond beers as the new Chief Executive Officer Gavin Hattersley looks to boost revenue.

The company, which had about 17,750 employees at the end of 2018, plans to save about $150 million in cost and expects to cut 400-500 jobs in its U.S., Canada and international segments.

This is part of its plan to bring down its business units to one each in North America and Europe from four globally. It will also shut its Denver office and make Chicago its North American operational base.

The brewer said it would incur charges between $120 million and $180 million, which will be spread out through the rest of the financial year and until fiscal 2021.

“Organizational changes, further cost-cutting are appropriate, though the magnitude of cost saves is likely to underwhelm,” Jefferies analyst Kevin Grundy said.

Shares of the company, which missed Wall Street estimates for quarterly revenue and profit, fell as much as 5%. Molson Coors has posted sales decline in six of the last seven quarters.

The shift to other products comes at a time when demand for traditional beer has been slowing globally.

Last week, the ...More info on site


Brewery news Kenya: Kenya losing billions in potential taxes to cross-border beer smuggling from Uganda
Kenya is losing billions of shillings in potential taxes to cross-border smuggling of beer from Uganda due to a huge difference in rates, nation.co.ke reported on October 26.

Beer on the Ugandan side of the Busia border costs half what it goes for on the Kenyan side, a situation that has proven uncompetitive for bars and restaurants on the border towns, driving down sales and taxes.

Some bar owners have also resorted to smuggling the commodity through the porous border to sell at the same rate they are sold in Uganda to win customers and stay afloat.

A half-litre beer bottle in Kenya, which sells at an average of Sh200, is sold at Sh80 in Uganda. Bars on the Kenyan side that smuggle Ugandan brands sell them at about Sh100 between Busia and Malaba.

A multi-agency team drawn from the Kenya Revenue Authority, the Anti-Counterfeit Agency and the Kenya Association of Manufacturers were told during a conference on illicit trade in Busia that the rising incidence of smuggling of alcohol from Uganda would be hard to deal with due to tax rate differences.

KRA regional surveillance officer Vincent Kimosop said traders are keen on good margins, forcing them to change tack.

“Because there is no harmony ...More info on site


Brewery news The Philippines: Increasing excises on alcohol expected to reduce consumption by 20% - research
Increasing the excise tax on alcohol products is expected to reduce consumption by as much as 20% in four years with possibly life-saving consequences, “save lives,” BusinessWorld Online reported on October 29 citing a Philippine public health consultancy.

According to a simulation conducted by Alliance for Improving Health Outcomes (AIHO), the joint proposal of the nation’s finance and health departments to increase the excise tax on alcohol products will likely reduce consumption of spirits by 18.3%, beer by 20.5% and wine by 4.68% after a four years of implementation.

The study evaluated the Department of Health-Department of Finance’s (DoH-DoF) proposals in Senate Bill No. 383, which imposes higher specific taxes on alcohol products and a 10% annual indexation rate.

The DoH-DoF tax structure will “result in a greater reduction of consumption across all alcohol types” compared with House Bill No. 1026, which was passed on third and final reading in the House, due to “deterrent effects of higher prices brought about by higher taxes,” it said.

Both proposals are projected to “save lives” after four years of implementation but the DoF-DoH’s will save 57,020 lives, compared with 22,152 for the House version.

“In both simulations, the tax intervention will result in more lives saved for ...More info on site


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