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Flash Summary
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E-Malt.com Flash 04a
January 20 - January 22, 2014
Quote of the Week
"Perfection is not attainable, but if we chase perfection we can catch excellence."
Vince Lombardi
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Currency Rates
Base Currency: Euro
on January 22, 2014 |
Base Currency: US Dollar
on January 22, 2014 |
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1 EUR = 1.3546 USD
1 EUR = 0.8240 GBP
1 EUR = 1.4864 CAD
1 EUR = 1.5385 AUD
1 EUR = 141.4980 JPY
1 EUR = 3.1892 BRL
1 EUR = 45.9341 RUB
1 EUR = 8.2619 CNY
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|
1 USD = 0.7383 EUR
1 USD = 0.6083 GBP
1 USD = 1.0973 CAD
1 USD = 1.1358 AUD
1 USD = 104.4630 JPY
1 USD = 2.3544 BRL
1 USD = 33.9100 RUB
1 USD = 6.0992 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| January 22, 2014 |
| Type |
Crop 2013 |
Crop 2014 |
| EUR |
% |
EUR |
% |
| 2rs Barley |
177.00-179.00 |  0.56% |
187.00-189.00 | 0.53% |
| 6rw Barley |
171.00-173.00 | 0.58% |
178.00-180.00 | 0.56% |
| 2rs Malt |
369.00-371.00 | 0.33% |
379.50-381.50 | 0.32% |
| 6rw Malt |
361.50-363.50 | 0.34% |
368.50-370.50 | 0.33% |
| Feed Barley |
156.00-158.00 | 1.88% |
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.
Zambia: Zambian Breweries to build malting plant in Lusaka
...Click here
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World: SABMiller shares dip on disappointing Q3 sales
...Click here
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Belgium & South Korea: AB InBev to pay $5.8 bln for South Korea’s Oriental Brewery Company
...Click here
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France: Activity mostly focused on spring malting barley of crop 2014
...Click here
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Japan & India: Suntory denies trying to buy Whyte & Mackay whiskey
...Click here
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Australia: Coopers Brewery had highest selling month on record in December 2013
...Click here
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Romania: Romania ranks sixth in Europe for beer consumption
...Click here
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Australia: Restrictive supply contracts prevent small brewers from selling beer to pubs and hotels
...Click here
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Zimbabwe: Delta Corporation closes opaque beer breweries in Marondera and Karoi
...Click here
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Graph of the week
Table of the week
EU Malt Exports
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
January 20
1781 1st edition of Pieter It Hoens "Post of Neder-Rhijn" published
1872 Californian Stock Exchange Board organized
1995 Russian ruble drops to 3,947 per dollar (record)
January 21
1846 1st edition of Charles Dickens' "Daily News"
1976 Supersonic Concorde, 1st commercial flights, by Britain and France
1994 Dow Jones passes 3900 (record 3,914.20)
January 22
1970 1st commercial Boeing 747 flight, New York to London in 6 hours
1967 The microwave oven is invented
Agenda
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
January 2014:
18-22: RHEX - Rimini Horeca Expo 2014 (Rimini, Italy)
February 2014:
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
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Malt News
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Zambia: Zambian Breweries to build malting plant in Lusaka
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Zambian Breweries will commence the construction of a US$32.6 million malting plant in the Lusaka South Multi-Facility Economic Zone (MFEZ) in the second half of 2014. The construction of the malting plant is part of the company's plan of local sourcing barley programme in support of the Zambia's agricultural development, Allafrica.com reported on January 14.
The firm said despite the anticipation of the impact of the excise rate increase, it will not affect its investment in malting plant but has, among other investments, pulled back its plan to invest $15 million in a new packaging line at the Ndola Brewery.
ZB corporate affairs manager Yuyo Nachali-Kambikambi said the company was expected to begin the construction of the malting plant in the second half of this year.
In an interview in Lusaka on January 13, Nachali-Kambikambi was confident that the company would engage local suppliers during the construction phase but could not, however, disclose the number of jobs to be created.
"We are still looking at the contractual issues, our suppliers and the equipment that needs to be bought so we will be able to say something before we start because right now it is too early to talk about how many jobs will be
...More info on site
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Brewery News
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World: SABMiller shares dip on disappointing Q3 sales
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SABMiller, the world's No. 2 brewer, reported disappointing third-quarter sales, hurt by weaker beer volume, sending its shares down 2% in morning trading.
The maker
...More info on site
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Belgium & South Korea: AB InBev to pay $5.8 bln for South Korea’s Oriental Brewery Company
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Anheuser-Busch InBev agreed to pay $5.8 billion for South Korea’s Oriental Brewery Co., regaining control of a company that became the Asian nation’s biggest
...More info on site
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Brazil: Premium beer industry grows in Brazil
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When Marcelo Ramos opened a bar in one of Rio de Janeiro’s biggest slums selling Belgian beer for R$200 ($83) a bottle, his friends thought he had lost his mind, Financial Times reported on January 20.
“They all told me: you’re crazy, you’re throwing your money away – people here are poor!”, says Ramos, a 39-year-old mobile phone technician who set up the bar in his father-in-law’s garage at the end of 2012.
Just over a year later his Bistrô Estação R & R (Bistro Stop R & R) in Rio’s Complexo do Alemão favela now sells more than 200 beers – the most expensive of which is Belgium’s Deus champagne beer.
But it is not just the residents of Rio’s slums that have started to venture away from the country’s notoriously bland mainstream beers. While total lager sales across Brazil rose 92 per cent from 2007 to $44.37 bln in 2012, premium lager sales jumped 131% over the same period. Imported premium lager sales surged 184%.
For investors, the niche market offers one of the few remaining bright spots in Brazil, where slowing economic growth and rising indebtedness have cast a shadow over mainstream beer sales and many other previously buoyant consumer industries.
Lauren
...More info on site
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Australia: Coopers Brewery had highest selling month on record in December 2013
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For the first time in the company’s history, Coopers Brewery passed 70 million litres in beer sales last year, FOOD Magazine – Australia reported on January 22.
Total sales for the year reached 72 million litres, up 4.7 percent on the 68.8 million litres sold in 2012.
“December 2013 was our highest selling month on record, with 8.55 million litres of beer sold. This was 13 percent more than the previous record month in December 2012,” said managing director, Tim Cooper.
December also saw record sales of Coopers Original Pale Ale and Coopers Sparking Ale, at almost 400,000 and 100,000 cases sold, respectively.
“A significant portion of our growth for 2013 can be attributed to our international beer portfolio, as well as good growth from the mid-strength Coopers Mild Ale. Strong sales in Pale Ale and Sparkling Ale also drove the volume increase,” Cooper said.
He said the ongoing growth of the company at a time when total beer consumption in Australia was falling was pleasing.
“Coopers has enjoyed average growth of more than 9.8 percent per year for the past 20 years and now represents more than 4.5 percent of the total Australian beer market.
“The second bottling line, opened in December, will provide greater flexibility
...More info on site
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Australia: Restrictive supply contracts prevent small brewers from selling beer to pubs and hotels
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The Australian Competition & Consumer Commission is investigating brewing giants CUB and Lion over their use of "tap contracts" to prevent hotel owners from selling rival beers, after a number of small operators complained that they could not sell their beer to pubs, The Australian reported on January 22.
The Commission has written to several small brewers asking for information "to better understand aspects of the supply conditions within the wholesale draught beer market" so it can assess whether "certain conduct" might be prohibited under the Competition and Consumer Act.
It is understood that the letter goes on to question the brewers on whether they have been unable to sell to venues because the publicans had signed restrictive supply contracts with the major brewers preventing them from stocking competitors' beers.
Queensland brewer Wade Curtis, who posted his letter from the ACCC on Facebook and Twitter this week, said he had complained to the regulator three years ago about being unable to sell his Four Hearts beer to pubs because all of their taps were under contract.
"I had just started my own craft brewing business and had a launch at a venue in Brisbane -- we got through two or three kegs, they were
...More info on site
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Romania: Romania ranks sixth in Europe for beer consumption
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Romania ranks sixth in Europe in terms of beer consumption, but ranks last when it comes to exports, according to the recent Contribution Made by Beer to the European Economy report, quoted by local business daily Ziarul Financiar and Romania-Insider.com.
With a consumption of 90 litres per capita in 2012, Romania is 20 percent above the European average.
However, while the European countries export, on average, 19 percent of the output, Romania delivers only 2 percent of its production to other countries.
And while over 850 breweries have been established in Europe between 2010 and 2012, Romania has lost four production centres.
The beer market in Romania went up by 7 percent in 2012, to some 18.2 million hectolitres, according to the Romanian Brewers Association.
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Zimbabwe: Delta Corporation closes opaque beer breweries in Marondera and Karoi
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Delta Corporation is closing its Marondera and Karoi opaque beer breweries in Zimbabwe in a rationalisation process that will result in more closures as the company consolidates production and marketing of its new product, Chibuku Super, The Zimbabwe Standard quoted the company on January 19.
The company said Chibuku Super has a longer shelf life than opaque brew. New technology and machinery necessitated the changes as the company now produces Chibuku Super with a 21-day shelf life compared with the four days for opaque beer.
This development is pushing the company to restructure its production plants, marketing and distribution models.
Delta company secretary, Alex Makamure confirmed the closure of the breweries as a result of the rationalisation strategy.
“The national establishment of 15 sorghum beer breweries was also part of the distribution network due to the limited shelf life of the product,” said Makamure. “Chibuku Super is a result of a significant leap in product innovation and manufacturing technologies for this category, which allows for the establishment of mega breweries. The increase in shelf life will result in the redundancy of some of the production sites.”
He however hastened to say that no permanent jobs would be lost in the process.
“As a consequence, we will
...More info on site
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Barley News
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France: Activity mostly focused on spring malting barley of crop 2014
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The activity on France’s barley markets is mostly focused on spring malting barley of crop 2014, however, the number of deals is far from
...More info on site
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Whisky News
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Japan & India: Suntory denies trying to buy Whyte & Mackay whiskey
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Suntory Holdings Ltd., which last week agreed to buy Beam Inc. for $16 billion, is not in talks to acquire the Whyte & Mackay business from India’s United Spirits Ltd. (UNSP), Bloomberg.com quoted Naoko Tsuda, a company spokeswoman, on January 21.
Billionaire Nobutada Saji’s whiskey and soft-drinks company denied a report by India’s CNBC TV18 network on January 20 that the Osaka-based company had offered to buy Scotch whisky maker Whyte & Mackay and valued it at less than $1 billion.
Diageo, the world’s biggest distiller, last year agreed to buy a controlling stake in United Spirits that would give it control of Whyte & Mackay. The London-based company in November offered to sell most of the Whyte & Mackay whiskey business after U.K. regulators expressed competition concerns.
Prakash Mirpuri, a spokesman for Bangalore-based United Spirits and UB Group, declined to comment.
A court in India’s Karnataka state in December ruled Diageo’s purchase of a stake in United Spirits void, after a petition filed by creditor banks. In the order, the judges said a lower court didn’t have the jurisdiction to approve the deal when creditors had filed petitions seeking to wind up the company for non-payment of dues by its parent United
...More info on site
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