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E-Malt.com Flash 44b October 31 - November 03, 2013
Quote of the Week
"The future enters into us, in order to transform itself in us, long before it happens."
Rainer Maria Rilke
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Currency Rates
Base Currency: Euro on November 01, 2013 |
Base Currency: US Dollar on November 01, 2013 |
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1 EUR = 1.3672 USD
1 EUR = 0.8527 GBP
1 EUR = 1.4300 CAD
1 EUR = 1.4413 AUD
1 EUR = 134.4650 JPY
1 EUR = 3.0104 BRL
1 EUR = 43.8600 RUB
1 EUR = 8.3872 CNY
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|
1 USD = 0.7315 EUR
1 USD = 0.6237 GBP
1 USD = 1.0460 CAD
1 USD = 1.0543 AUD
1 USD = 98.3554 JPY
1 USD = 2.2019 BRL
1 USD = 32.0809 RUB
1 USD = 6.1347 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
November 01, 2013 |
Type |
Crop 2013 |
Crop 2014 |
EUR |
% |
EUR |
% |
2rs Barley |
187.00-189.00 | 0.53% |
196.00-198.00 | 0.51% |
6rw Barley |
177.00-179.00 | |
184.00-186.00 | |
2rs Malt |
380.00-382.00 | 0.17% |
390.50-392.50 | 0.31% |
6rw Malt |
367.50-369.50 | 0.15% |
375.50-377.50 | |
Feed Barley |
172.00-174.00 | |
nq | |
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.
Australia: Cargill Australia Limited completes the acquisition of Joe White Maltings
...Click here
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Zambia: Zambian Breweries says construction of malting plant not halted, the company is only reviewing its entire business operations
...Click here
|
Belgium: AB InBev beats thirg-quarter profit forecasts
...Click here
|
Brazil: Ambev’s Q3 net profit declines due to lower beer sales
...Click here
|
Denmark & China: Carlsberg gets approval to raise its stake in Chongqing Brewery to 60 percent
...Click here
|
USA: Beer industry sees gains in dollar and volume in 2012
...Click here
|
Germany: Beer sales up 3.2% in the third quarter of this year
...Click here
|
USA & Canada: Barley prices soften on news of good harvest
...Click here
|
Japan: Kirin Brewery reports 229.7% increase in January-September net income
...Click here
|
Brazil: AB InBev expects decline in Brazil’s beer market
...Click here
|
India: Carlsberg now claims the second largest beer maker rank in five large beer markets in India
...Click here
|
Africa: Drinks giants in head-to-head scramble for market share in Africa
...Click here
|
Japan & Philippines: Kirin interested in buying the rest of San Miguel Brewery Inc. if approached
...Click here
|
USA: Boston Beer enjoys 30% increase in Q3 net revenue
...Click here
|
Canada: Canadian Malting Barley Technical Centre releases the recommended barley varieties list for 2014-15
...Click here
|
South Africa: SABMiller says workers strike won’t affect production
...Click here
|
USA, ND: Malting barley seen as good fit for producers in western North Dakota
...Click here
|
The Netherlands: Heineken extends sponsorship of UEFA Champions League by three years
...Click here
|
USA & Australia: ADM expects to achieve all regulatory approvals for GrainCorp acquisition soon
...Click here
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Graph of the week
Table of the week
United States Hops Production by Variety 2008 - 2013
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
The similarities between beer aging and
biotransformation
ABSTRACT
Have you ever wondered what happens to the bitter
acids in your beer that you swallow inside of you ?
Belgian researchers have, and using liver
microsomes isolated from rabbit liver and human
microsomes they found that metabolism of beta-acids was
mainly characterized by conversion into hulupones and
the formation of a series of tricyclic oxygenated
products. The most important metabolites of alpha-acids
were identified as humulinones and hulupones. Iso-alpha-
acids were found to be primarly metabolized into cisand
trans-humulinic acids, next to oxidized alloiso-alpha-
acids. Interestingly, the phase I metabolites were highly
similar to the oxidative degradation products in beer.
Does this mean in consequence that aged beer is better
for the liver? Read more
Source: Barth Innovations
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These Days in Business History
October 31
1904 King Camp Gillette patents the safety blade and razor
1938 Robert Edward was born, he started CNN (amid almost universal predictions of failure) in 1980
1952 TV broadcasting begins in Belgium
November 01
1512 Michelangelo's paintings on ceiling of Sistine Chapel, 1st time exhibited
1765 Robert Fulton is born. He invents the world's first practical steamboat in 1807, and for the first time humans can safely travel substantial distances without relying on animals or wind
1894 Vaccine for diphtheria announced by Dr Roux of Paris
November 02
1927 John Sainsbury was born, Chairman of J Sainsbury plc (the parent company of Sainsbury's Supermarkets Ltd) since 1969; English billionaire
1928 Dupont introduces synthetic rubber
1992 1st test flight of Airbus A330
November 03
1898 1st US automobile show opens at Madison Square Garden (NYC)
1929 1st commercially produced synthetic rubber manufactured
1971 The microprocessor is officially born as Intel introduces its new 4004 chip, invented by Ted Hoff and Federico Faggin
Agenda
November 2013:
08-10: Somos Cerveceros 2013 (Tandil, Argentina)
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
February 2014:
02-05: RHEX - Rimini Horeca Expo 2014 (Rimini, Italy)
19-22: National Winter Ales Festival 2014 (Derby, UK)
March 2014:
12-15: Brazilian Beer Festival (Blumenau, Brazil)
18-19: Food and Drink Technology Africa 2014 (Johannesburg, South Africa)
23-28: IBD Convention - Asia Pacific Section (Ho Chi Minh City, Vietnam)
April 2014:
07-08: World Beer Cup 2014 (Denver, USA)
08-11: Craft Brewers Conference 2014 (Denver, USA)
13-17: Trends in Brewing 2014 (Ghent, Belgium)
22-24: Pivovar (Brewer) 2014 (Moscow, Russia)
26-27: Zythos Beer Festival 2014 (Leuven, Belgium)
May 2014:
21-24: Pivo (Beer) 2014 (Sochi, Russia)
22-24: Copenhagen Beer Festival 2014 (Copenhagen, Denmark)
June 2014:
11-15: Mondial de la Biere 2014 (Montreal, Canada)
August 2014:
12-16: Great British Beer Festival 2014 (London, UK)
September 2014:
08-11: Worldwide Distilled Spirits Conference 2014 - IBD Scottish Section (Glasgow, UK)
25-27: Drink Technology India 2014 (Mumbai, India)
October 2014:
13-16: China Brew and Beverage 2014 (Beijing, China)
November 2014:
11-13: Brau Beviale 2014 (Nuremberg, Germany)
12-14: Vietbrew 2014 (Ho Chi Minh City, Vietnam)
More events are available on site e-malt.com
Malt News
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Australia: Cargill Australia Limited completes the acquisition of Joe White Maltings
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Cargill Australia Limited announced on October 31 that it has completed the acquisition of Joe White Maltings from Glencore International.
Philippa Purser, Cargill Australia Managing
...More info on site
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Zambia: Zambian Breweries says construction of malting plant not halted, the company is only reviewing its entire business operations
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Zambian Breweries Plc. has clarified that, whilst it is reviewing its planned US $32.6 million investment in a malting plant as part of a
...More info on site
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Brewery News
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Belgium: AB InBev beats thirg-quarter profit forecasts
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Anheuser-Busch InBev, the world's largest brewer, beat third-quarter profit forecasts as rapid cost savings in Mexico and higher prices helped offset sagging beer sales
...More info on site
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China: Tsingtao Brewery’s Q3 net profit rises 14%
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Tsingtao Brewery Co Ltd, the company behind China's best-known beer brand, said on October 30 its third-quarter net profit rose 14 percent as rising
...More info on site
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Brazil: Ambev’s Q3 net profit declines due to lower beer sales
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Companhia de Bebidas das Americas, or Ambev, reported a drop in its third-quarter net profit due to lower beer sales.
Ambev on October 31 posted
...More info on site
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Denmark & China: Carlsberg gets approval to raise its stake in Chongqing Brewery to 60 percent
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Danish brewer Carlsberg has received authorisation from China's regulator to increase its stake in Chongqing Brewery to 60 percent, Reuters reported on October 31.
The
...More info on site
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USA: Beer industry sees gains in dollar and volume in 2012
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The beer industry saw gains in both dollar and volume in 2012 after a three-year downturn. Well-marketed new products and slight improvements in
...More info on site
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Japan: Kirin Brewery reports 229.7% increase in January-September net income
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Japan’s Kirin Brewery said on October 30 its total beer sales volume (including conventional, happoshu and new-genre beer) declined by 2.9% to 14.2 mln
...More info on site
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Germany: Beer sales up 3.2% in the third quarter of this year
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Germany’s love of beer shows no sign of abating with the country’s breweries celebrating booming sales over the summer months, figures released on October
...More info on site
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Brazil: AB InBev expects decline in Brazil’s beer market
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Anheuser-Busch InBev, the world's largest beer maker, said on October 31 that beer sales in its huge Brazilian market would decline this year as
...More info on site
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UK: Third-quarter beer sales rise 5.2%
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UK beer sales rose by 5.2% in the third quarter of this year driven by a big boost in the off-trade where sales increased
...More info on site
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India: Carlsberg now claims the second largest beer maker rank in five large beer markets in India
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Danish brewing giant Carlsberg's aggressive run is shaking up the Indian beer market. It is staking claim as the second largest beer maker in
...More info on site
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Africa: Drinks giants in head-to-head scramble for market share in Africa
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In just eight weeks Diageo, the world’s largest drinks group by sales, set up and launched a beer made of cassava, a local tuber crop, in Ghana last year, Financial Times reported on November 1.
Ruut Extra was Diageo’s first cassava beer – the British company is more accustomed to brewing Guinness stout and distilling Johnnie Walker whisky – and the project involved securing a tax break for cassava sourcing from 7,000 local farmers.
“Is that eight weeks or eight months?” queried a sceptical analyst at Diageo’s investor conference in London last month.
“Under normal circumstances you’d go: ‘It’s not possible’,” acknowledged Ekwunife Okoli, Diageo’s managing director for regional markets in Africa. “But we had SABMiller as our competitor . . . We had to act in an extraordinary way . . . And I assure you, absolutely, eight weeks from idea to delivery.”
Diageo’s rapid delivery of Ruut Extra is a sign of a head-to-head scramble for market share in Africa, which western drinks companies view as the world’s most exciting emerging market because of its fast-growing economies, rising purchasing power and expanding populations.
Africa, in short, is the new Asia for consumer goods companies.
Mark Bowman, managing director of Africa at SABMiller, the brewer whose century-old roots in southern Africa give it
...More info on site
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Japan & Philippines: Kirin interested in buying the rest of San Miguel Brewery Inc. if approached
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Kirin Holdings Co., Japan’s biggest drinks company, is interested in buying the rest of Philippine beverage maker San Miguel Brewery Inc. if approached, a person with knowledge of the matter was quoted as saying by Bloomberg on November 1.
Kirin, which holds about 48 percent of the brewer, isn’t in talks with co-owner San Miguel Corp., said the person, who asked not to be identified because the deliberations are private. The Japanese company would consider a deal should San Miguel offer to sell its 51 percent stake to Kirin, the person said.
A valuation of about 20 times earnings before interest, taxes, depreciation and amortization is now “normal” for deals in the industry, San Miguel President Ramon Ang said via text message. That multiple implies a $5.9 billion price for the stake, based on the brewer’s Ebitda last year, data compiled by Bloomberg show.
“Other major international brewers such as InBev and SABMiller would definitely be interested,” said Mikihiko Yamato, deputy head of research at JI Asia in Tokyo. “It’s possible that the price skyrockets. The brewery is almost a monopoly in the Philippines.”
The media relations departments of Anheuser-Busch InBev NV and SABMiller Plc couldn’t be reached outside regular office hours in Europe.
Buying
...More info on site
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USA: Boston Beer enjoys 30% increase in Q3 net revenue
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The Boston Beer Company, Inc., America’s largest craft brewery, on October 30 reported third quarter 2013 net revenue of $216.4 million, an increase of $50.0 million or 30% over the same period last year, mainly due to core shipment growth of 29%.
Net income for the third quarter was $25.7 million, or $1.89 per diluted share, an increase of $4.9 million or $0.36 per diluted share from the third quarter of 2012. This increase was primarily due to shipment increases, partially offset by increased investments in advertising, promotional and selling expenses and a write-down of land of $0.10 per diluted share.
Net revenue for the 39-week period ended September 28, 2013 was $533.7 million, an increase of $106.5 million, or 25%, from the comparable 39-week period in 2012.
3rd Quarter 2013 Summary of Results
Depletions grew 26% from the comparable 13-week period in the prior year, primarily due to increases in the Angry Orchard®, Samuel Adams® and Twisted Tea® brands.
Core shipment volume was approximately 993,000 barrels, a 29% increase over the third quarter of 2012.
Gross margin at 53% was lower than the 56% realized in the third quarter of 2012. Increased brewery processing costs, increased ingredient costs and product mix effects, and the
...More info on site
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South Africa: SABMiller says workers strike won’t affect production
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South African Breweries (SABMiller) on October 30 said a strike by the Food and Allied Workers Union (Fawu) in Gauteng won’t affect production.
The company says consumers don’t have to worry about a possible beer shortage this festive season.
Fawu members in Gauteng have been on strike for exactly a month, but their colleagues in coastal areas have returned to work.
SABMiller spokesperson Robyn Chalmers says the company’s contingency plan has minimised the impact of the strike.
“At this stage, we have seen no shortage in terms of beer. We don’t anticipate that there will be any shortage of beer going into the peak season.”
Workers are demanding a wage hike of nine percent, while the company is only offering seven percent.
Members are also protesting against a new performance-related payment system.
Fawu is calling for the system to be scrapped altogether, saying it believes its members deserve more money.
The union represents about 1,000 employees.
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The Netherlands: Heineken extends sponsorship of UEFA Champions League by three years
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Heineken, the world’s third biggest brewer, has extended its sponsorship of the UEFA Champions League by three years.
The Dutch beer group has sponsored the European football competition, which is watched by over 4.2 billion people, since 2005.
Heineken is the first sponsor to renew its contract beyond the current 2012-2015 term, although German sportswear maker Adidas has already extended its agreement as official supplier.
It has been estimated by sports research firm IMR that the current sponsorship agreement costs Heineken $70 mln per year, with the new deal worth more. Neither parties disclosed financial details.
Heineken, previously a sponsor through its Amstel lager brand, said that its sponsorship of the football tournament was the largest platform for the beer brand and in its eight year partnership customer awareness has grown to 60pc among UEFA Champions League fans.
The contract renewal sees Heineken win the rights to exclusive UEFA Champions League content, such as back stadium tour and UEFA Champions League Trophy Tour, presented by Heineken.
Alexis Nasard, global chief marketing officer and president of Western Europe, at Heineken said: "The UEFA Champions League's unrivalled international reach and professional standards make it the perfect match for Heineken.”
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Barley News
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USA & Canada: Barley prices soften on news of good harvest
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Barley prices since harvest started in the U.S. have softened, due to two factors. A good year for both yields and quality in this
...More info on site
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Canada: Canadian Malting Barley Technical Centre releases the recommended barley varieties list for 2014-15
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The recommended malting barley varieties list for 2014-15 has been released by the Canadian Malting Barley Technical Centre (CMBTC). The recommendations are based on the varieties expected to be selected by grain and malting companies for both domestic and export markets for the 2014 harvest.
"These recommendations were derived from information CMBTC members obtained through their sales and marketing efforts and contact with domestic and international maltsters and brewers, as well as from test malting and brewing results achieved at CMBTC in their pilot malthouse and pilot brewery," CMBTC managing director Rob McCaig said in a release.
CMBTC members are Alberta Agriculture, Alberta Barley Commission, Alfred C. Toepfer Canada, CWB, Canadian Grain Commission, Canterra Seeds, Cargill AgHorizons, Fedoruk Seeds, Manitoba Agriculture Food and Rural Development, Manitoba Liquor Control Commission, Molson Coors, Parrish & Heimbecker, Richardson International, SABMiller, Saskatchewan Agriculture, Prairie Malt Limited, the Public Malt Barley Breeders, SeCan, Syngenta Canada and Viterra.
The recommended varieties list is available on Canadian Malting Barley Technical Centre’s website.
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USA, ND: Malting barley seen as good fit for producers in western North Dakota
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Growing malting barley is a good fit for producers in western North Dakota, according to Doyle Lentz, North Dakota Barley Council, The Prairie Star reported on October 31.
Lentz was part of a group of barley growers, brewers, maltsters, researchers and others that toured barley facilities at NDSU and also toured malting barley country, including the often arid western region where producers grow barley as a rotational crop.
The group was showed the type of farm equipment used in planting and harvesting barley and met barley growers.
“There is a lot of interest in western North Dakota as a barley growing area, especially with craft brewers who like the two-row varieties growing in the west,” Lentz said.
Brewers wanted to meet the malting barley producers who grow their barley, and also see the two-row varieties that do well in the west, he said.
“The malting barley industry continues to be a good industry, and brewers are getting a better understanding of what our growers do to produce good malting barley in North Dakota,” he added.
During the tour, the group heard from Dr. Paul Schwarz, director of the Institute for Barley and Malt Sciences. The tour took place at NDSU’s Dickinson Research Extension Center barley field
...More info on site
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USA & Australia: ADM expects to achieve all regulatory approvals for GrainCorp acquisition soon
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Archer Daniels Midland Co. (ADM) expects to soon achieve all regulatory approvals for the company’s acquisition of GrainCorp Ltd. and to close the acquisition early next year, World-Grain.com reported on October 31.
Seven out of nine jurisdictions have cleared the acquisition of GrainCorp, an Australian agribusiness, said Juan Luciano, executive vice-president and chief operating officer for ADM.
“In the third quarter we received clearance from South Africa, Japan, the European Commission and South Korea,” he said. “We continue to work with authorities in Australia and China to achieve the final approvals.
“Earlier this month, the Australian treasurer issued an interim order which commits the government to a decision by Dec. 17 at the latest. Based on this, we expect closing to be sometime in the first quarter of 2014.”
In May of this year ADM announced plans to acquire GrainCorp in an offer that implied an aggregate transaction value of about A$3.4 billion ($3.2 billion).
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