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Flash Summary
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E-Malt.com Flash 26b
June 27 - June 30, 2013
Quote of the Week
"Bread is the staff of life, but beer's life itself."
English proverb
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Currency Rates
Base Currency: Euro
on June 28, 2013 |
Base Currency: US Dollar
on June 28, 2013 |
| |
1 EUR = 1.3028 USD
1 EUR = 0.8520 GBP
1 EUR = 1.3626 CAD
1 EUR = 1.4013 AUD
1 EUR = 127.7580 JPY
1 EUR = 2.8549 BRL
1 EUR = 42.8484 RUB
1 EUR = 8.0701 CNY
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1 USD = 0.7676 EUR
1 USD = 0.6540 GBP
1 USD = 1.0459 CAD
1 USD = 1.0757 AUD
1 USD = 98.0666 JPY
1 USD = 2.1913 BRL
1 USD = 32.8889 RUB
1 USD = 6.1944 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| June 28, 2013 |
| Type |
Crop 2012 |
Crop 2013 |
| EUR |
% |
EUR |
% |
| 2rs Barley |
196.00-198.00 |  |
205.00-207.00 |  0.96% |
| 6rw Barley |
190.00-192.00 | |
199.00-201.00 | |
| 2rs Malt |
395.00-397.00 | |
401.50-403.50 | 0.61% |
| 6rw Malt |
387.50-389.50 | |
394.00-396.00 | |
| Feed Barley |
172.00-174.00 | |
178.00-180.00 | |
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: Chinese beer dominating world’s top ten beer brands list by sales volume
...Click here
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World: SABMiller’s shares bounce as analysts revive speculation of a possible merger with AB InBev
...Click here
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EU: AB InBev formally granted EU-wide trademark right for “Bud”
...Click here
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World: Barley trade forecast unchanged, production expected to reach 138.012 mln tonnes next year
...Click here
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Canada: Barley exports to increase by 12% this year but a 9% drop is expected in 2013-14
...Click here
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Australia: Barley production to be up by 10% in 2013-14
...Click here
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France: Harvests of spring barley make decent starts in many leading producing countries
...Click here
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China: Barley imports, mostly from Australia, total 1.585 mln tons in July/April
...Click here
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France: Malting barley values decline on large offer from Scandinavian nations, UK
...Click here
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Vietnam: Heineken “absolutely on top” of counterfeiting issues
...Click here
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USA: Planting problems won’t influence barley market much
...Click here
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South Korea: Changing tastes and planned beer reform in South Korea expected to lead to craft beer boom at last
...Click here
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Jamaica: Diageo confirms executive changes at Red Stripe beer division
...Click here
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Argentina: Government halts wheat exports to fight rising flour, bread prices
...Click here
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Graph of the week
Source: USDA, May 2013
Table of the week
Canada Barley Supply and Disposition as of May 21, 2013
Prices Evolution
Barley Prices
Theoretical Malt Prices
Average Seafreight Rates by Destination
Port of Origin: Antwerp, Belgium
Scientific Digest
Fruits from the Hallertau
ABSTRACT
Specifically looking into the brewing properties of the new hop varieties from the Hallertau was the task of A. Forster. Using whirlpool hopping and dry hopping in standardised brewing trials he concluded that the dosing of hops should be based on the oil content for a consistent aroma. Beer brewed with Mandarina Bavaria and Hallertau Melon were preferred over beers with Hallertau Blanc. The latter variety, associated with white wine flavours, polarised the assessors. In terms of bitterness, the quality of bitterness of whirlpool and dry hopped beers was equal.
Read more
Source: Barth Innovations
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These Days in Business History
June 27
1922 Alan Peacock is born, economist
1820 1st edition of newspaper "Courrier de la Meuse" published"
June 28
1801 Frederic Bastiat is born, French Economist
1894 London Tower Bridge opens
June 29
1200 In China, sunglasses are invented
1881 1st international telephone conversation, Calais, ME-St. Stephen, NB
1979 The Wall Street Journal boot Chrysler from the Dow Jones Industrial Average and replace it with IBM.
June 30
1893 Harold/Joseph Laski is born, English economist/Labour leader
1896 W. S. Hadaway patents electric stove
Agenda
June 2013:
25-27: Brasil Brau 2013 (Sao Paulo, Brazil)
28: III Field Day of Malting, Kvass and Beer Brewing Industry in Russia (Oboyan, Russia)
July 2013:
17-19: China BevTek 2013 (Shanghai, PR China)
August 2013:
06-09: 4th Iberoamerican VLB Symposium 2013 (Buenos Aires, Argentina)
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)
16-20: Drinktec 2013 (Munich, Germany)
21/09 -06/10: Oktoberfest (Munich, Germany)
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)
More events are available on site e-malt.com
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Brewery News
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World: Chinese beer dominating world’s top ten beer brands list by sales volume
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Although the first quarter of 2013 saw beer sales fall in the UK and Germany, 2012 was a strong year for beer sales. Stronger
...More info on site
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World: SABMiller’s shares bounce as analysts revive speculation of a possible merger with AB InBev
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SABMiller bounced from a six-month low as analysts revived speculation that the brewer was a likely target for AB InBev, Financial Times reported on
...More info on site
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EU: AB InBev formally granted EU-wide trademark right for “Bud”
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Anheuser-Busch InBev NV was formally granted the European Union-wide trademark right for the word “Bud” for beer after an EU agency registered the intellectual
...More info on site
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France: Beer output down 30% in Q1 2013
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France’s beer output declined by 30% during the first three months of this year, the nation’s Union of Brewers reported earlier this month, blaming
...More info on site
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Vietnam: Heineken “absolutely on top” of counterfeiting issues
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Heineken insists it is “absolutely on top” of the counterfeiting issues that can appear in emerging markets, after a Vietnamese gang producing fake Tiger and Heineken was busted last week, Beverage Daily reported on June, 26.
According to Heineken, the suspects mixed genuine Heineken or Tiger beer with other beers – with an estimated counterfeit production rate of less than 50 crates per day – then delivered the counterfeit products to outlets (reportedly restaurants, eateries) in the Tan Binh District of Ho Chi Minh City (HCMC).
John-Paul Schuirink, Heineken financial communications manager, said: “Although it typically concerns small volumes and all international brewers are confronted with counterfeit beers in emerging markets from time to time, we absolutely are on top of this issue.”
Describing Heineken as the leader in the international premium segment, Schuirink said that the quality and integrity of the world’s third-largest brewer’s beers was vital.
“Our consumers deserve to enjoy a real Heineken beer when they buy or order one. We are working closely with the authorities and other brewers to fight these brand infringements”, he said.
Vietnam Brewery Limited – which brews and distributes Heineken and Tiger in the country – said on June, 21 that it had successfully stopped counterfeiting
...More info on site
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South Korea: Changing tastes and planned beer reform in South Korea expected to lead to craft beer boom at last
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If there’s one key art form where North Korea beats the South, it’s beer-making, Global Post reported on June, 26.
Pyongyang is home to Taedonggang, a government-made, full-bodied lager that The New York Times called one of the finest beers on the Korean peninsula. The beverage is named after Pyongyang’s Taedong River.
In 2000, North Korea’s former ambassador to Switzerland backed a plan to take apart and ship home an entire 180-year-old British brewery. The edifice was reassembled in the isolated state, despite the seller’s fears that the machinery could be used to make chemical weapons.
South Korea lacks similar tales of globe-trotting beer quest. For decades, a maze of regulations has protected big South Korean brewers and their dull beer, smothering the entrepreneurial creativity that North Korea showed with Taedonggang.
Before 2007, drinkers stuck in the south could purchase legally-imported Taedonggang at DMZ tourist shops along the North-South border, and at a handful of Seoul Bars. It’s not a superstar beverage. The lager tastes more like ale. But it is exotic — a slightly sweet alternative to the deadening South Korean fare.
Sadly, Taedonggang has vanished from the south due to an unexplained price hike.
But tastes are changing, and South Koreans are pushing back.
The
...More info on site
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Jamaica: Diageo confirms executive changes at Red Stripe beer division
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Diageo has confirmed a raft of executive changes at its Red Stripe beer division that will see the unit’s HR director leave the company later this year.
In a notification to the Jamaica Stock Exchange late last week, the company said that Red Stripe’s finance director, Jed Dryer, has seen out his three-year rotation in the role and will shift to the headquarters of Diageo’s Latin America & Caribbean (LAC) arm in Miami. Dryer will assume the role of finance director for projects, but will remain on the board of Diageo’s Jamaican sales and distribution JV with PepsiCo bottler Cabcorp, Celebration Brands.
Replacing Dryer as finance director at Red Stripe on an interim basis will be the division’s group financial controller, Vernon Douglas.
Meanwhile, Lisa Lewis, Red Stripe’s HR director, will leave the role at the end of this month and will be the HR director for projects at Diageo’s WestLAC sub-division until the end of September. Thereafter, Lewis will leave Diageo “to pursue other interests”.
“As a result of a reorganisation of the operations in Red Stripe,” the statement said, “the role of human resources director will no longer exist as of 30 June.”
Lewis has spent the last five years working for Diageo.
Also
...More info on site
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Barley News
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World: Barley trade forecast unchanged, production expected to reach 138.012 mln tonnes next year
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USDA left unchanged its forecast for the global barley trade in 2013/14 this month, pegging it at 18.265 mln tonnes (vs. 18.710 mln tonnes
...More info on site
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Canada: Barley exports to increase by 12% this year but a 9% drop is expected in 2013-14
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For 2012-13, Canada’s barley exports are forecast to increase by 12% to 2.3 mln tonnes, due to an increase of feed barley exports specially
...More info on site
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Australia: Barley production to be up by 10% in 2013-14
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Australia’s barley production is forecast to increase by 10 per cent in 2013–14 to 7.4 million tonnes, reflecting an increase in barley plantings and
...More info on site
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France: Harvests of spring barley make decent starts in many leading producing countries
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The idea of a setback quality, which analysts have urged wheat buyers to keep a watch on, looks the remaining threat to malting barley
...More info on site
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France: Malting barley values decline on large offer from Scandinavian nations, UK
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France’s malting barley market is mostly calm, with prices showing a bearish tendency, La Depeche said on June, 25.
The values are down due to
...More info on site
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China: Barley imports, mostly from Australia, total 1.585 mln tons in July/April
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Barley imports by China in July/April 2012/13 were 1.585 mln tons, of which 1.363 mln tons from Australia, the balance from Canada, Argentina and
...More info on site
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USA: Planting problems won’t influence barley market much
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Planting problems producers are having in some of the major barley production areas in the region shouldn’t have much impact on barley prices, according
...More info on site
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Argentina: Government halts wheat exports to fight rising flour, bread prices
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Argentina's government has halted wheat exports as it grapples with rising prices for flour and bread, a staple of the Argentine diet, the Wall Street Journal reported on June, 26.
The government has informed exporters that it won't authorize further shipments from the 2012-13 crop, said a person from the grain export sector, who spoke on condition of anonymity.
The government also ordered grain exporters to sell about 370,000 metric tons of wheat to local millers that was about to be shipped abroad, he said.
Local media reported on June, 26 that Domestic Commerce Secretary Guillermo Moreno met with grain exporters earlier this week to inform them of the restrictions on wheat and flour exports. Spokespersons for Mr. Moreno and the Agriculture Ministry declined to comment.
The measures will likely force Brazil - the top buyer of Argentine wheat - to turn to other markets such as the U.S. or Canada to meet its demand for the grain. Argentina was the world's seventh-largest wheat exporter during the 2012-13 crop year, according to the USDA.
Argentina heavily regulates wheat exports to keep food prices low. Those controls have angered farmers, who for years complained their crop fetched far less at home than on international markets.
Wheat currently
...More info on site
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