Flash Summary
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E-Malt.com Flash 06b February 06 - February 09, 2014
Quote of the Week
"The government will fall that raises the price of beer."
Czech proverb
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Currency Rates
Base Currency: Euro on February 07, 2014 |
Base Currency: US Dollar on February 07, 2014 |
|
1 EUR = 1.3548 USD
1 EUR = 0.8306 GBP
1 EUR = 1.4999 CAD
1 EUR = 1.5127 AUD
1 EUR = 137.6520 JPY
1 EUR = 3.2495 BRL
1 EUR = 47.1541 RUB
1 EUR = 8.2696 CNY
|
|
1 USD = 0.7382 EUR
1 USD = 0.6131 GBP
1 USD = 1.1071 CAD
1 USD = 1.1165 AUD
1 USD = 101.6040 JPY
1 USD = 2.3985 BRL
1 USD = 34.8042 RUB
1 USD = 6.1038 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
February 07, 2014 |
Type |
Crop 2013 |
Crop 2014 |
EUR |
% |
EUR |
% |
2rs Barley |
178.00-180.00 | 0.56% |
187.00-189.00 | |
6rw Barley |
169.00-171.00 | |
178.00-180.00 | |
2rs Malt |
370.50-372.50 | 0.33% |
379.50-381.50 | |
6rw Malt |
359.50-361.50 | |
368.50-370.50 | |
Feed Barley |
155.00-157.00 | 0.64% |
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.
Russia: Malt output and import lower in 2013 – preliminary data
...Click here
|
The Philippines: San Miguel Brewery’s net profit drops 17%
...Click here
|
Canada: Statistics Canada reports 27.2% rise in barley stocks
...Click here
|
Russia: Malting barley imports in 2013 drop to 260,000 tonnes
...Click here
|
Canada: Barley and malt prices slightly lower, contract execution remains the problem
...Click here
|
UK & India: UK Office of Fair Trading concerned about the impact of Diageo’s deal with United Spirits
...Click here
|
UK: Whisky industry complains of “sustained pressure” from taxation
...Click here
|
USA: New legislation expected to benefit barley industry
...Click here
|
USA, MI: Michigan does not have enough malting companies for booming craft beer industry
...Click here
|
Canada: Canadian government takes steps to improve the performance of the rail supply chain to help farmers get grain to market
...Click here
|
Japan & USA: Japanese whisky’s presence in the US is small but growing
...Click here
|
Graph of the week
Table of the week
UK Beer Sales by Distribution Channel 1999 - 2013
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
February 6
1953 US controls on wages & some consumer goods were lifted
1964 France & Great-Britain sign accord over building channel tunnel
1974 Dutch speed limit set at 100 km due to oil crisis
February 7
1639 Academie Francaise begins Dictionary of French Language
1804 John Deere is born, pioneer manufacturer of agricultural implements
1935 Monopoly, board game invented by Charles Darrow symbol Rich Uncle Pennybags
February 8
1883 Louis Waterman begins experiments to invents fountain pen
1926 Walt Disney Studios forms
1971 NASDAQ market opens for stock trading, as the National Association of Securities Dealers Automated Quotation system first displays the median price for more than 2,500 "over-the-counter" securities.
February 9
1585 The Frankfurt Stock Exchange is established.
1955 US federations of trade unions merge into AFL/CIO
1969 World's largest airplane, Boeing 747, makes 1st commercial flight
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
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
Malt News
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Russia: Malt output and import lower in 2013 – preliminary data
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According to preliminary data by Rosstat, Russia’s malt output amounted to around 1,110,000 metric tonnes, which is slightly below the 1,220,230 metric tonnes produced
...More info on site
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USA, MI: Michigan does not have enough malting companies for booming craft beer industry
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At its peak just after the Civil War, Michigan farmers harvested some 300,000 acres of barley to feed livestock.
Today, a revival in barley production
...More info on site
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Brewery News
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The Philippines: San Miguel Brewery’s net profit drops 17%
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San Miguel Brewery reported a 17-percent drop in net profit to P12.5 billion last year as higher excise taxes gnawed on sales volume alongside
...More info on site
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Barley News
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Canada: Statistics Canada reports 27.2% rise in barley stocks
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As of December 31, Canada’s overall stocks of principal field crops were up nearly 30% from the same date in 2012. Increased crop production
...More info on site
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Russia: Malting barley imports in 2013 drop to 260,000 tonnes
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According to official statistics, Russia’s malting barley import totalled more than 500,000 tonnes in 2012, which represented more than 50% of the nation’s total
...More info on site
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Canada: Barley and malt prices slightly lower, contract execution remains the problem
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Canadian barley and malt prices are reported to be slightly lower this week due to the weakening Canadian dollar, IMBM reported on February 7.
Execution
...More info on site
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USA: New legislation expected to benefit barley industry
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Although Senate passage and President Obama’s signature were still needed for the 2014 Farm Bill at the deadline time for this article, it appeared
...More info on site
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Canada: Canadian government takes steps to improve the performance of the rail supply chain to help farmers get grain to market
|
Canadian Agriculture Minister Gerry Ritz announced on February 5 the federal government is taking further measures to improve the grain transportation supply chain based on the Crop Logistics Working Group's recommendations, according to Progressiverailroading.com.
Immediate actions include pursuing enhancements to the grain monitoring program to improve the frequency of reporting and providing an ongoing forum for grain industry representatives to discuss improvements.
A proposed expanded range of metrics and reporting frequencies would include railroad order fulfillment information pertaining to weekly rail-car orders; the size of the grain service covered hopper fleet for both mainline carriers by class of service on a weekly basis; terminal unloading performance by railroad; Western Canada grain traffic via rail to Eastern Canada, U.S. and Mexican destinations; U.S. grain traffic to Western Canadian destinations; and Western Canadian grain traffic shipped to ports in containers.
"Canada's crop industry is a vital part of the Canadian economy and we will continue to work with all parts of the supply chain to get farmers' products to market," said Ritz in a press release. "Current transportation challenges faced by producers present an opportunity for the entire value chain to improve efficiencies and position Canada's grain sector for future growth."
The Canadian government has
...More info on site
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Whisky News
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UK & India: UK Office of Fair Trading concerned about the impact of Diageo’s deal with United Spirits
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Despite Diageo offering to divest bulk of Whyte & Mackay business to address anti-competition concerns posed by its deal with United Spirits, the UK OFT expressed concern about the impact of the deal, Money Life reported on February 7.
The Office of Fair Trading (OFT) in the UK has released a 53-page report detailing concerns posed by the Diageo-United Spirits deal to competition in the British whisky market.
On 25 November 2013, the OFT decided to have a fresh look at the $2 billion deal, after Diageo offered to divest bulk of Whyte & Mackay (W&M) business to address anti-competition concerns posed by this merger.
The regulator on February 6 made public the “full text” of its 25th November decision, wherein it said that “the OFT is concerned only by the impact of the transaction“.
“The focus of the competitive assessment is therefore on the incremental effect on competition of Diageo’s shareholding and the control this confers on Diageo.
“... A significant number of third parties raised the concern that the parties would restrict the supply and/or increase prices of private label blended Scotch whisky,” the 53-page order said.
The OFT had received comments from a wide range of customers and
...More info on site
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UK: Whisky industry complains of “sustained pressure” from taxation
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Scotch whisky is under “sustained pressure” from taxation, with spirits facing a more punitive tax burden than any other consumer product in the UK, The Grocer reported on February 7.
Representatives of the Scottish Whisky Association (SWA) met the economic secretary to the Treasury Nicky Morgan on February 6 to discuss effects of above-inflation excise duty on the industry.
Whisky drinkers pay 48% more duty than beer drinkers for the same amount of alcohol, said SWA chief executive David Frost, and VAT and duty now account for 79% of the average price of a bottle of Scottish whisky.
“Scrapping the duty escalator and freezing alcohol duty this year would benefit the UK economy and hard-pressed consumers,” he said, adding that it was unfair that one part of the drinks industry has been singled out, when the government removed the escalator from beer last year.
Duty has risen 44% since the duty escalator was introduced in 2008, according to the SWA, and while exports are increasing, the UK market for Scotch has declined 12% by volume. It is now 21% lower than it was a decade ago.
“An unfair tax system, penalising an important domestic industry, sends the wrong signals to overseas governments,” Frost said.
We
...More info on site
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Japan & USA: Japanese whisky’s presence in the US is small but growing
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Consumer enthusiasm for whiskies has created new opportunities for origins beyond Scotland, the U.S. and Ireland—and Japanese whisky is looking to benefit from the trend. The category’s presence in the U.S. is small at about 8,000 cases, according to Impact Databank, but its upscale positioning has attracted new attention, Shanken News Daily reported on February 6.
“American consumers now have a broad appetite for exploration when it comes to whiskies,” says Robin Coupar, senior brand manager of fine whiskies at Campari America, which currently imports the Suntory whisky line from Japan. Those labels include single malt brand The Yamazaki, which has a 12-year-old ($65 a 750-ml.), 18-year-old ($200) and 25-year-old ($1,600); single malt The Hakushu, offering 12-year-old ($65) and a more peated version at $160; and 12-year-old blend Hibiki ($65).
The whiskies of Suntory’s great rival, Nikka Whisky Distilling Co., are handled in the U.S. by Anchor Distilling Co., which markets Nikka’s single malt brand Yoichi 15-year-old ($130) and pure malt Taketsuru 12-year-old ($70). Anchor also has limited inventories of the Taketsuru 17-year-old ($150) and 21-year-old ($180). It recently expanded with the Miyagikyo 12-year-old ($120) from a smaller Nikka malt distillery and a younger, non-age stated whisky called Coffey Grain ($70). The
...More info on site
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