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Flash Summary
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E-Malt.com Flash 35b
August 29 - September 01, 2013
Quote of the Week
"Even if you're on the right track, you'll get run over if you just sit there."
Will Rogers
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Currency Rates
Base Currency: Euro
on August 30, 2013 |
Base Currency: US Dollar
on August 30, 2013 |
| |
1 EUR = 1.3282 USD
1 EUR = 0.8561 GBP
1 EUR = 1.3952 CAD
1 EUR = 1.4851 AUD
1 EUR = 130.2150 JPY
1 EUR = 3.1285 BRL
1 EUR = 44.1333 RUB
1 EUR = 8.1889 CNY
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1 USD = 0.7530 EUR
1 USD = 0.6446 GBP
1 USD = 1.0504 CAD
1 USD = 1.1181 AUD
1 USD = 98.0405 JPY
1 USD = 2.3554 BRL
1 USD = 33.2269 RUB
1 USD = 6.1653 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| August 30, 2013 |
| Type |
Crop 2013 |
| EUR |
% |
| 2rs Barley |
188.00-190.00 |  0.53% |
| 6rw Barley |
177.00-179.00 | 0.56% |
| 2rs Malt |
380.50-382.50 | 0.32% |
| 6rw Malt |
367.00-369.00 | 0.33% |
| Feed Barley |
160.00-162.00 | 1.23% |
Note: Just click
here
and you will be led to our Market Price History. These are average French barley market prices estimated on FOB Creil basis. The theoretical average malt prices are based FOB Antwerp being estimated on French malting barley. The changes are compared to last Newsletter's prices. Arrows indicate the direction of the change.
World: Analysts expect 1.3% growth of global beer industry this year
...Click here
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China: Tsingtao Brewery first-half net profit growth beats forecasts
...Click here
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China: Kingway Brewery Holdings half-one loss narrows this year
...Click here
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India: SABMiller India narrows FY13 losses on higher volumes and revenue growth
...Click here
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Singapore & Myanmar: Fraser and Neave to defend its ownership in Myanmar Brewery in court
...Click here
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USA: Mergers could lead to short-term beer price hikes - study
...Click here
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USA: Heineken competing with craft beer phenomenon in an indirect way
...Click here
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Zambia: SABMiller’s subsidiary records 12% growth in lager volumes this year
...Click here
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Belarus: Heineken to optimize its beer and kvass production capacities
...Click here
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USA: Heineken Light adding new, more typical of craft styles hop
...Click here
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Graph of the week
Table of the week
Russia Barley Supply & Demand
Barley Prices
Theoretical Malt Prices
Scientific Digest
The impact of pro-oxidative storage conditions on the aroma profile of Hallertauer Mittelfruh hops (poster presentation at the 2013 ASBC Annual meeting)
ABSTRACT
Peacock suggested in 1980 that the oxygenated fraction of hop oil, although relatively small in concentration, is critical to the sought-after noble hop aroma. These US researchers have tested it. By storing Mittelfrueh hops in prooxidative
conditions, the GCMS results show a clear increase in terpenoids and oxygen-containing compounds and a simultaneous decrease in terpenes and hydrocarbon compounds. The sensory quality of these oxidized aroma compounds were described with herbal, spicy, woody, and earthy odors, which are associated with a "noble" hop character. However of course, the HSI value increases and alpha and beta acids are degraded. Brewing trials are planned to determine the impact on hop aroma in beer.
Read more
Source: Barth Innovations
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These Days in Business History
August 29
1831 Michael Faraday demonstrates 1st electric transformer
1854 Self-governing windmill patented (Daniel Halladay)
1885 Gottlieb Daimler registers his "Reitwagen" ("riding carriage") as German patent DRP No. 36423
August 30
1895 Belgium begins compulsory Roman Catholic education
1979 1st recorded occurrence-comet hits sun (energy=1 mil hydrogen bombs)
1993 150,000,000 millionth visitor to Eiffel Tower
August 31
1895 Thomas Edison patented his movie camera (Kinetograph)
1918 Belgium starts paying old age pensions
1997 Diana Spencer, princess of England, dies in car crash in Paris at 36
September 01
1905 Alberta & Saskatchewan become 8th & 9th Canadian provinces
1923 7.9 earthquake strikes Tokyo & Yokohama, kills 142,000
1962 UN announces Earth population has hit 3 billion
Agenda
September 2013:
10-12: V Anniversary International Scientific and Practical Conference "Equipment Facilities and Raw Material Base for Malting, Kvass and Beer Brewing Production" (Moscow, Russia)
12-15: Mondial de la Biere (Mulhouse, France)
16-20: Drinktec 2013 (Munich, Germany)
21/09-06/10: Oktoberfest (Munich, Germany)
26-27: New World Malt Barley and Brewers Conference (Toronto, Canada)
26-28: Stockholm Beer and Whisky Festival 2012 (Stockholm, Sweden)
October 2013:
03-05: Stockholm Beer and Whisky Festival 2012 (Stockholm, Sweden)
30/10-01/11: The Latin American Barley Congress (Bahia Blanca, Argentina)
November 2013:
14-17: Mondial de la Biere (Rio de Janeiro, Brazil)
World Beer Cup 2014 key dates:
-Call for Entries: Oct. 28, 2013-Nov. 1, 2013
-Judging: April 7-8, 2014 in Denver, Colorado
-Gala Awards Ceremony: April 11, 2014 in Denver, Colorado
More events are available on site e-malt.com
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Brewery News
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World: Analysts expect 1.3% growth of global beer industry this year
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With all major market data for 2012 now reported, beer industry growth in 2012 is now expected to be finalised at +1.3%. The same
...More info on site
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China: Tsingtao Brewery first-half net profit growth beats forecasts
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Tsingtao Brewery Co Ltd, the company behind China's best-known beer brand, posted a 38.5 percent rise in first-half net profit, beating forecasts due to
...More info on site
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China: Kingway Brewery Holdings half-one loss narrows this year
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Kingway Brewery Holdings said on August 27 its loss for the first half of this year narrowed to HK$93.973 mln from HK$101.589 mln a
...More info on site
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India: SABMiller India narrows FY13 losses on higher volumes and revenue growth
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SABMiller India, the country’s second largest brewer that sells Fosters and Haywards 5000 beer, has narrowed its losses in FY13 to Rs 88 crore
...More info on site
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Singapore & Myanmar: Fraser and Neave to defend its ownership in Myanmar Brewery in court
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Singapore property and drinks conglomerate Fraser and Neave Ltd said on August 29 its joint venture partner, which is run by the Myanmar military,
...More info on site
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USA: Mergers could lead to short-term beer price hikes - study
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Beer brewery mergers could lead to short-term spikes in beer prices, a far cry from what merging companies claim when they say mergers usually
...More info on site
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USA: Heineken competing with craft beer phenomenon in an indirect way
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"You cannot compete with Heineken or any other brand against the craft beer phenomenon," Heineken CEO Jean-Francois Van Boxmeer was quoted as saying by BeverageDaily.com earlier this week.
The above sentence can be taken a few different ways by craft beer enthusiasts. The first instinct is to celebrate his admission — "Of course a macrobeer can’t compete with a craft brew!" — but that’s not exactly what Van Boxmeer means.
As would be expected from a CEO of a publicly owned company, he’s not discussing the quality of the product. Van Boxmeer is talking about money, sales, profit, and the unending growth a big company like Heineken is supposed to show.
Though the "craft beer phenomenon" has less than 10 percent of the U.S. beer market in sales, that number has been rising. Even more frightening to Big Beer is the fact that as craft beer sales and volume have increased over the past few years, macrobrew sales have begun to decline.
Per Van Boxmeer on the same call, to Societie Generale analyst Jamie Norman, said: "Craft beers have been taking the lion’s share of beer market growth over the last decade — practically exclusively."
Craft beer appears
...More info on site
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Zambia: SABMiller’s subsidiary records 12% growth in lager volumes this year
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SABMiller Africa Plc company managing director for Africa, Mark Bowman has said his firm has this year recorded a growth volume of 12 per cent on lager products by its subsidiaries operating in Zambia, Times of Zambia reported.
Outlining the performance of the company’s subsidiaries throughout Africa in SABMiller’s annual report for 2013, Mr Bowman said a lager volume growth of 12 per cent was achieved through improved availability and an improved economic environment in Zambia.
He said the lager volumes grew by six per cent despite cycling strong comparative growth of 14 per cent in the prior year.
Mr Bowman said constraints that had previously limited growth in Zambia had now been alleviated with the commissioning of a new brew house in Ndola in November 2012.
SABMiller Africa operates three subsidiaries in Zambia namely, Zambian Breweries Plc (ZB), National Breweries Plc (NB) for liquor and Heinrich Syndicate Limited, which produces the Maheu beverage.
“Lager volume growth of 12 per cent was achieved through improved availability and an improved economic environment.
“The premium portfolio benefited from strong growth of Castle Lite, while Castle Lager and Mosi, performed well in the mainstream segment,” Mr Bowman said.
“The Castle brand family continued to deliver robust growth, with the premium
...More info on site
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Belarus: Heineken to optimize its beer and kvass production capacities
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Heineken plans to optimize the beer and kvass production capacities in Belarus by the end of 2013, BelTA reported on August 29.
"We are planning to relocate part of the production equipment from the Rechitsa brewery to Bobruisk where the production of beer and kvass will be concentrated. A malt plant, a warehouse and a distribution center will be left in Rechitsa, which will ensure the company's presence in Gomel Oblast,” said the company.
As a result, Heineken expects that the operating efficiency will be increased and the favorable conditions will be created for further investment in Belarusian business. The planned changes will not affect the production and brand portfolio, the company has assured.
Heineken plans to start acting on its plans already in September and complete them by the end of this year.
Heineken N. V. arrived on the Belarusian market in December 2007. In Belarus Heineken operates two production sites: Heineken Breweries (Bobruisk) and Rogachev Concentrated Milk Factory (Gomel Oblast).
In Belarus Heineken produces licensed and Belarusian beer: Bobrov, Rechitskoye, Dnepro, Zlaty Bazant, Gosser, Doctor Diesel, PIT and kvass Khatni.
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USA: Heineken Light adding new, more typical of craft styles hop
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Heineken is hoping to jump-start sales of its struggling light brand by taking a page out of the craft beer playbook, CNBC reported on August 29.
The brewery is changing the flavor profile of Heineken Premium Light by adding Cascade hops, one of the most popular craft beer styles. The hops are found in brews such as Sierra Nevada Pale Ale and Anchor Steam Liberty Ale.
"What we see and hear a lot about light beer now is consumers have become tired of the taste—the light brands are a little too watery for them and not a rewarding enough experience," said Olga Osminkina, senior brand director at Heineken USA. "Cascade hops are not a familiar addition to a light type of beer, so that's going to put Heineken Light in a different category."
Heineken Light hopes to differentiate itself as the light beer category finds itself struggling.
Total case sales of light beer, excluding flavored malt beverage, have declined 3.6 percent this year through mid-July compared with the year-earlier period; sales by dollar have declined 2.7, according to Dan Wandel, a beer analyst with the market research firm IRI. (Its data excludes bar and restaurant sales.)
Case sales in the "premium light" category—Heineken Light's niche—are
...More info on site
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 Barley News
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Canada: Barley values stable, market activity low
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Canadian barley values are stable for the moment with no serious new business being done, Integrated Malt Barley Management Ltd. (IMBM) reported this week.
...More info on site
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