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E-Malt.com Flash 30b
July 25 - July 28, 2013
Quote of the Week
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Pablo Picasso
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Currency Rates
Base Currency: Euro
on July 26, 2013 |
Base Currency: US Dollar
on July 26, 2013 |
| |
1 EUR = 1.3216 USD
1 EUR = 0.8622 GBP
1 EUR = 1.3611 CAD
1 EUR = 1.4405 AUD
1 EUR = 132.0030 JPY
1 EUR = 2.9758 BRL
1 EUR = 43.0664 RUB
1 EUR = 8.1646 CNY
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1 USD = 0.7567 EUR
1 USD = 0.6524 GBP
1 USD = 1.0299 CAD
1 USD = 1.0900 AUD
1 USD = 99.8853 JPY
1 USD = 2.2517 BRL
1 USD = 32.5861 RUB
1 USD = 6.1777 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| July 26, 2013 |
| Type |
Crop 2012 |
Crop 2013 |
| EUR |
% |
EUR |
% |
| 2rs Barley |
nq | |
204.00-206.00 |  0.49% |
| 6rw Barley |
nq | |
191.00-193.00 | 0.52% |
| 2rs Malt |
nq | |
400.50-402.50 | 0.31% |
| 6rw Malt |
nq | |
384.50-386.50 | 0.32% |
| Feed Barley |
164.00-166.00 |  |
164.00-166.00 | |
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: SABMiller’s first-quarter revenue held back by cold weather and tough economies
...Click here
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Brazil: Ambev to construct its largest brewery in the state of Paraná
...Click here
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EU: The Belgian Brewers’ Federation challenges the French Government’s beer tax hike
...Click here
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EU: Rally in malting barley prices blunted by news of jump in UK spring barley area
...Click here
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France: Total malting barley crop may exceed 5 mln tons this year
...Click here
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Canada & USA: Larger barley crops forecast for both Canada and the USA
...Click here
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Sweden & Finland: Both countries expected to have exportable surplus of malting barley this year
...Click here
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Spain: Barley crop expectation boosted by favourable weather
...Click here
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China: Craft beer industry in China expected to be supported by a growing middle class
...Click here
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Zimbabwe: SABMiller’s Delta Corporation reports drop in lager sales, other segments record growth in Q1
...Click here
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Japan: Japan’s brewers innovating in beer cocktails
...Click here
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Swaziland: SABMiller’s subsidiary upgrades bottling equipment
...Click here
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Japan: Japan approves ADM’s proposed acquisition of GrainCorp
...Click here
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Graph of the week
Table of the week
World Hop Acreage and Production 2009-2012
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
How to assess the sensory impact of hop varieties used in the boiling process
ABSTRACT
We all know the dilemma of estimating the contribution of a hop variety to the beer flavor when used during boiling. These Japanese researchers propose a standardized protocol for a sensory evaluation of single variety hop samples boiled in water. Using PCA they found that fruity descriptors could be connected to the varieties
Citra and a new Japanese variety called Fuano Beauty whereas Saaz and Mittelfrueh hop samples were connected with herbal, tea and spicy flavours. This protocol may help to forecast the flavour contribution of different varieties in the final beer when used as late hop in the wort boiling process.
Read more
Source: Barth Innovations
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These Days in Business History
25 July
1946 1st bikini is shown at a Paris fashion show
1978 The world's first test-tube baby, Louise Joy Brown, was born in Lancashire, England
1984 Cosmonaut Svetlana Savitskaya became 1st woman to walk in space
26 July
1656 Rembrandt declares he is insolvent
1835 1st sugar cane plantation started in Hawaii
1908 FBI founded
27 July
1694 The Bank of England opens for business in London to print currency and manage the national debt. It goes on to become one of the world's most effective central banks
1866 Atlantic telegraph cable successfully laid (1,686 miles long)
1971 Merrill Lynch & Co. goes public, becoming the first New York Stock Exchange firm to do its own initial public offering on the NYSE
28 July
1866 Metric system becomes a legal measurement system in US
1900 Hamburger created by Louis Lassing in Connecticut
1978 Price of gold tops $200-an-oz level for 1st time
Agenda
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)
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)
More events are available on site e-malt.com
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Brewery News
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World: SABMiller’s first-quarter revenue held back by cold weather and tough economies
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SABMiller plc on July, 25 issued its Interim Management Statement for the group’s first quarter ended 30 June 2013.
Alan Clark, Chief Executive of
...More info on site
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UK: Q2 beer sales down both on- and off-trade
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Beer sales in the UK have fallen in the second quarter of 2013, according to the British Beer & Pub Association (BBPA), although many
...More info on site
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Brazil: Ambev to construct its largest brewery in the state of Paraná
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Ambev (Companhia de Bebidas das Américas), Brazilian unit of the world’s No. 1 brewer AB InBev, will build in Ponta Grossa (Paraná) a new
...More info on site
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EU: The Belgian Brewers’ Federation challenges the French Government’s beer tax hike
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The Belgian Brewers' Federation has submitted an appeal to the European Commission, challenging the French Government's decision to raise the tax on beer by 160 percent at the beginning of the year. The Brewers of Europe association has followed suit, Tax-News reported on July, 24.
The French Government increased the specific tax on beer by 22 cents per litre from January 1, 2013, within the framework of its 2013 social security finance law. The measure formed part of efforts to reduce excessive alcohol consumption, particularly among the young as a matter of priority.
At the time, the Government defended the provision, arguing that the existing tax rate was particularly low compared to rates applied in other European countries. The Government insisted that preventative action was therefore needed to ensure that it becomes financially more difficult in future to access alcoholic products.
Outraged by the decision, President of the Belgian Brewers' Federation Sven Gatz highlighted the fact that a light beer in France now costs ten times as much as a glass of wine. The tax hike is simply "discriminatory" and "anti-European," Gatz said. The Federation had previously warned of the impact of the tax rise on investment in the brewing sector and on
...More info on site
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China: Craft beer industry in China expected to be supported by a growing middle class
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On the surface China’s craft beer market isn’t all that impressive. According to Ratebeer.com, China has about 30 microbreweries and brew pubs. And the recently formed China Craft Brewers Association has only five member breweries. That’s tiny compared to the craft brewing industry in the United States, which currently has 2,360 craft breweries and saw sales double from 2007 to 2012, Smart Planet reported on July, 25.
And while China is consuming more than 50 billion litres of beer a year (the most in the world), four major beer producers — SABMiller, AB InBev, Tsingtao, and Beijing Yanjing Brewery — account for about 60 percent of the market.
Even so, it would be wise not to overlook China’s craft beer industry because of a growing middle class.
“With continued rapid rises in average incomes and the general feel-good factor about China’s continued economic growth, consumers are not only drinking more beer, but are also beginning to drink more expensive beers,” said Matthew Crabbe, Director of China Research at research firm Mintel, about a report on China’s beer market last year. “Consumer confidence has also translated into more people going out to eat, and this caused catering sales to continue to see an increase
...More info on site
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Zimbabwe: SABMiller’s Delta Corporation reports drop in lager sales, other segments record growth in Q1
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Delta Corporation Ltd., Zimbabwe’s biggest company by market value, said fiscal first-quarter revenue rose 8 percent as consumers shifted to a local traditional drink following a tax increase on lager, Bloomberg reported on July, 24.
Volume in the three months through June increased 4 percent from a year earlier, with all segments recording growth except for an 8 percent drop in lager consumption, Harare-based Delta said in a statement published in the Herald newspaper on July, 24. Maheu traditional brew volume surged 80 percent, sparkling-beverage consumption jumped 13 percent and sorghum beer sales rose 6 percent, it said.
Lager beer sales in Zimbabwe have been curbed by an excise duty increase in December 2012 and a lack of small coinage in a multi-currency economy. The company said it’s in talks with the government on the effects of the tax increase.
Delta Corporation Ltd. is an affiliate of SABMiller Plc, the world’s second-largest brewer, which holds a stake of 25 percent, according to the London-based company’s annual report for the year through March.
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Japan: Japan’s brewers innovating in beer cocktails
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Japan seems to have put its genius for creative innovation to work in another field of popular consumer demand - the beer cocktail, The Wall Street Journal reported on July, 26.
Midway through the summer sweat-bath, Japanese beer makers have been devising all manner of beer-based cocktails and specially chilled concoctions to slake the nation’s thirst.
Kirin Brewery Co., the nation’s second-largest brewer, is promoting a cocktail based on its premium Ichiban Shibori, called the Ichiban Shibori Two-Tone Draft. It is made by slowly pouring the beer into a glass with liqueur or soft drink, using a special hand-held strainer to prevent the ingredients from mixing too much, creating a two-tone layer in the middle of the glass. Kirin recommends combining Ichiban Shibori with cassis, lemon liqueur, grape juice or even stout.
Kirin hopes this will appeal to young people and women who prefer a sweeter taste than the usual bitterness of beer. While you can make these cocktails at home, they can also be quaffed at temporary, summertime “pop-up” bars called Kirin Ichiban Gardens in Tokyo and five other cities.
Meanwhile, the nation’s largest brewer Asahi Breweries is pushing a cocktail called Double Cultured, a mixture of its flagship Asahi Super Dry
...More info on site
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Swaziland: SABMiller’s subsidiary upgrades bottling equipment
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Swaziland beer drinkers face a thirst-inducing shortage of brews in the coming weeks, as the kingdom's biggest brewery upgrades its bottling equipment, AFP said on July, 25.
A local subsidiary of brewing giant SABMiller said a US$6.1 million (S$7.72 million) project to replace an ageing bottling line has shut down beer production, but not that of soft drinks or traditional brews.
Ms Sharon Maziya of Swaziland Beverages sought to allay panic, saying the shortage would last approximately two weeks.
"We are almost done and should be up and running shortly." The company makes several beers locally, including lagers, a milk stout and a pilsner.
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Barley News
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EU: Rally in malting barley prices blunted by news of jump in UK spring barley area
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Data showing a jump in UK spring barley area to what might be the highest ever has blunted a rally in malting barley prices
...More info on site
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France: Total malting barley crop may exceed 5 mln tons this year
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France has planted 1.112 mln ha of winter and 475,000 ha of spring barley, according to industry estimates.
The average percentage of malting barley
...More info on site
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Canada & USA: Larger barley crops forecast for both Canada and the USA
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Based on a better yield, the Canadian barley crop forecast is 8.5 mln tons vs. 8.0 mln last year. Torrential rainfalls and floods in
...More info on site
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Sweden & Finland: Both countries expected to have exportable surplus of malting barley this year
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Sweden drilled 376,000 ha of spring barley, a slight increase from last year. Conditions in the south are comparable to the Danish situation, planting
...More info on site
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Spain: Barley crop expectation boosted by favourable weather
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Spain, Europe’s biggest grain importer, may reap its largest cereal crop in more than two decades after a wet spring boosted soil moisture in
...More info on site
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Japan: Japan approves ADM’s proposed acquisition of GrainCorp
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The Japan Fair Trade Commission on July, 23 notified Archer Daniels Midland Company (ADM) of its approval of ADM’s proposed acquisition of GrainCorp Limited.
This brings the number of government agencies that have cleared the acquisition to five.
South Africa’s Competition Commission and Canada’s Competition Bureau cleared the acquisition earlier this month, and the Australian Competition and Consumer Commission did so in June. The U.S. Federal Trade Commission also approved the acquisition last November.
ADM continues to work with regulators in Australia, China, the E.U. and South Korea.
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