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RombBullet Quote of the week
RombBullet Currency rates
RombBullet Brewers equities
RombBullet Market prices change trend
RombBullet Industry news
RombBullet Graph of the week
RombBullet Table of the week
RombBullet Prices evolution
RombBullet Barley prices
RombBullet Theoretical malt prices
RombBullet Business history
RombBullet Agenda
RombBullet News articles




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E-Malt.com Flash 18a
April 28 - April 30, 2014

Quote of the Week

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Chris Farley

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Currency Rates


Base Currency: Euro
on April 30, 2014
Base Currency: US Dollar
on April 30, 2014
      1 EUR = 1.3844 USD
1 EUR = 0.8231 GBP
1 EUR = 1.5220 CAD
1 EUR = 1.4956 AUD
1 EUR = 142.0070 JPY
1 EUR = 3.0828 BRL
1 EUR = 49.4812 RUB
1 EUR = 8.5335 CNY
      1 USD = 0.7224 EUR
1 USD = 0.5946 GBP
1 USD = 1.0994 CAD
1 USD = 1.0803 AUD
1 USD = 102.5790 JPY
1 USD = 2.2268 BRL
1 USD = 35.7417 RUB
1 USD = 6.1640 CNY


Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend


April 30, 2014
Type Crop 2013 Crop 2014
EUR % EUR %
2rs Barley 200.00-202.00 up0.50% 207.00-209.00 -
6rw Barley 189.00-191.00 up0.53% 193.00-195.00 down0.51%
2rs Malt 399.00-401.00 up0.31% 404.00-406.00 -
6rw Malt 385.50-387.50 up0.32% 387.00-389.00 down0.32%
Feed Barley 160.00-162.00down1.23% 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.


Top Industry News


Malt news Ukraine & EU: Ukraine granted duty-free import quota for 7,000 tons of malt into the EU ...Click here

Brewery news China: Tsingtao’s Q1 net profit rises 20% ...Click here
Brewery news World: AB InBev may be at a point of diminishing returns on growth through acquisitions ...Click here
Brewery news Spain & India: Spain’s Mahou San Miguel takes full control of Arian Breweries & Distilleries Ltd ...Click here
Brewery news China: Tsingtao recognized as China’s most valuable beer brand again ...Click here

Barley news World: China’s barley purchases to lead into “increasing” competition with other buyers and support prices ...Click here
Barley news China & Australia: Huge barley imports forecast for China this year, mostly from Australia ...Click here


More Industry News


Brewery news Brazil: Skol recognized as Brazil’s most valuable brand in 2014 ...Click here
Brewery news Rwanda: Bralirwa’s pretax profit down 14.2% in 2013 on weak economy ...Click here
Brewery news China: Three China Resources Enterprise top managers detained in anti-corruption campaign ...Click here
Barley news Canada: Malting barley value unchanged in CWB’s April Pool Return Outlooks (PROs) for the 2014-15 pools ...Click here
Brewery news China: Sales of Tuborg beer going extremely well ...Click here
Brewery news Finland: Carlsberg found guilty of tax evasion ...Click here
Brewery news UK: Molson Coors pauses production at its microbrewery in Burton ...Click here
Brewery news Australia: Carlton & United Breweries admits misleading labelling on one of its beers ...Click here

Graph of the week



Table of the week

EU Barley Supply and Distribution


Table of the week.
Prices Evolution

Prices evolution

Barley Prices



Theoretical Malt Prices


These Days in Business History


April 28
1686 1st volume of Isaac Newton's "Principia" published
1989 Argentina, hit by rocketing inflation, runs out of money
2001 Dennis Tito becomes the first space tourist by paying $20 million to fly on a Soyuz mission to the International Space Station

April 29
1813 Rubber is patented
1913 Swedish engineer Gideon Sundback of Hoboken patents all-purpose zipper
1977 British Aerospace forms

April 30
1506 Philip of Bourgondy and England sign trade agreement
1939 NBC/RCA 1st public TV demo with Franklin D. Roosevelt at opening of New York World's Fair
1995 Sun Microsystems launches Java, the universal Internet programming language that brings "white space" and greater interactivity to millions of websites and Internet users

Agenda




MaltMalt News Malt


Malt newsUkraine & EU: Ukraine granted duty-free import quota for 7,000 tons of malt into the EU
Ukraine is granted a duty-free import quota for 7,000 tons of malt into the EU during the period of April 23 till October 3, ...More info on site



BreweryBrewery News Brewery


Brewery newsChina: Tsingtao’s Q1 net profit rises 20%
Tsingtao Brewery Co Ltd, China's second-biggest brewer by volume, said first-quarter net profit rose 20 percent on higher sales, Reuters reported on April 29.

One-fifth ...More info on site


Brewery newsWorld: AB InBev may be at a point of diminishing returns on growth through acquisitions
Anheuser Busch InBev has spent the past few years acquiring competing breweries to expand its reach into growth markets. With new exposure in Asia ...More info on site


Brewery newsSpain & India: Spain’s Mahou San Miguel takes full control of Arian Breweries & Distilleries Ltd
Mahou San Miguel, Spain’s leading brewer, has acquired India’s Arian Breweries & Distilleries Ltd – its first subsidiary outside of Spain, The Drinks Business ...More info on site


Brewery newsChina: Tsingtao recognized as China’s most valuable beer brand again
Tsingtao is recognized as China’s 31st most valuable brand in 2014, according to the new Brandz Top 100 Most Valuable Chinese Brands 2014 report.

Tsingtao ...More info on site


Brewery news Brazil: Skol recognized as Brazil’s most valuable brand in 2014
Skol was recognized as Brazil’s most valuable brand in 2014 with a brand value estimated at USD7 bln, Millward Brown’s news BrandZ Top 50 Most Valuable Latin American Brands report said.

Skol managed to maintain its leadership over other Brazilian brands and its brand value increased by 8% as compared to 2013.

According to Valkiria Garré, CEO of Millward Brown Brasil, the value of a brand reflects its perception by customers. “The leaders are those brands which add something significant and different to consumers’ life, both in emotional and functional terms,” she said.

Currently, Skol is the most popular beer in Brazil.


Brewery news Rwanda: Bralirwa’s pretax profit down 14.2% in 2013 on weak economy
Rwandan brewer Bralirwa's pretax profit fell 14.2 percent last year to 21.3 billion Rwandan francs ($31.2 million) due to the country's economic downturn and higher taxes on beer to its main export market, Democratic Republic of Congo, Reuters reported on April 28.

The company, 75 percent-owned by Heineken, said it was concerned by the tax regime in Congo, but was cautiously optimistic about the outlook for 2014, which was "encouraging".

Rwanda's growth rate fell to 4.6 percent in 2013, after averaging 8.2 percent from 2006 to 2012, because of aid cuts imposed after it was accused of playing a role in a rebellion in eastern Congo, a charge the country has denied.

"GDP is a measure that the government and companies watch very carefully as to the health of the economy. It's also a measure for us of disposable cash in people's pockets," Bralirwa managing director Jonathan Hall told reporters on April 28.

Bralirwa is Rwanda's oldest brewery with rights to produce brands including Amstel. Production of Guinness ceased in 2013 after the franchise was terminated. It also produces branded soft drinks such as Coca-Cola.

Exports fell by 29 percent, largely due to increased duties charged by Congo, its biggest export market, but it vowed ...More info on site


Brewery news China: Three China Resources Enterprise top managers detained in anti-corruption campaign
The most aggressive “anti-corruption” campaign in China in recent years has scored three high-profile casualties at SABMiller’s joint venture partner in that country, Business Day reported on April 28.

Until he was detained last week, Song Lin was chairman of state-owned China Resources Holding, whose listed conglomerate China Resources Enterprise (CRE) has joint control with SABMiller of CR Snow, which is the largest beer group in China.

Song’s detention was followed in a few days by that of the chief executive of China Resources Capital and of an executive director of China Resources Land. A fourth executive, the chairman of China Resources Pharmaceuticals, is reported to be in the US with his family.

So far, CRE has not been directly affected by the campaign, but a source quoted in Hong Kong’s South China Morning Post remarked that the China Resources investigation had been widened.

A spokesman for SABMiller said the group would not comment, and referred to a statement issued by CRE that the investigation of Song would not cause a material adverse impact on the business or operations of CRE.

SABMiller said in a statement on April 28: "As things stand, this investigation has nothing to do with SABMiller or our CRSB joint venture."

"We ...More info on site


Brewery news China: Sales of Tuborg beer going extremely well
Carlsberg’s decision to launch its beer Tuborg in China is looking like a wise decision after Tuborg's sales figures shot up during its second year on the Chinese market, The Copenhagen Post reported on April 28.

The brewery giant now sells five times as much Tuborg in China than it did during its first year on the market and further gains are expected to be made in future years.

“We think that it’s going to keep expanding quickly and strongly,” Jørgen Buhl Rasmussen, the head of Carlsberg, said according to Ritzau news service.

“We expect that we can double the volume every year – for at least the next couple of years.”

Rasmussen went on to say that Tuborg had already established itself among the leading international beer brands on the Chinese market, and it was complimented earlier this week at the China Beer Industry Annual Summit where it was voted the fastest growing beer in the nation.

“It’s been a fantastic success, but one that we had expected,” Rasmussen said.

“Because as always, when we launch one of our international or local brands, we naturally do a lot of preparatory work concerning customer insight,”

Carlsberg did not wish to reveal the volume figures of its individual ...More info on site


Brewery news Finland: Carlsberg found guilty of tax evasion
The Danish brewery giant Carlsberg has been found guilty of tax evasion amounting to 317 million kroner in Finland, according to Børsen business newspaper.

On top of a 276 million kroner tax fine, a court in Helsinki fined the brewery 41 million kroner for failing to pay proper taxes between the years 2006 and 2010 via its subsidiary Sinebrychoff.

According to reports, Carlsberg set up a special framework in Finland to avoid paying taxes.

“In the period between 2006 and 2010 we withheld an amount that we believed we paid too much in tax,” Jens Bekke, Carlsberg’s head of communication, was quoted by the Ritzau news agency.

“In 2010 we paid the tax in arrears, interest for the period and a smaller fine. Since then we have paid tax as normal.”

Carlsberg assumed control of Sinebrychoff back in 1999, but the tax evasion didn’t begin until 2006, the court found.

The Finish authorities have decided that Carlsberg should continue to pay tax according to the current regulations – a decision that the brewery is considering appealing against.

“Over the next 14 days, we will decide whether we will appeal against the case and continue it,” Bekke said.

“If we win, we will receive that amount in overpaid tax.”


Brewery news UK: Molson Coors pauses production at its microbrewery in Burton
Bosses at a Burton brewing giant have been forced to halt production at its £1 million microbrewery in the town as part of a bid to improve working conditions for staff, Burton Mail reported on April 29.

Brewing at the Molson Coors-owned William Worthington Brewery, based at the National Brewery Centre, in Horninglow Street, has been ‘temporarily paused’ while senior figures from the company work on a raft of improvements at the site.

A major review is now taking place to look at how machinery can be ‘reconfigured to make brewing, cleaning and maintenance easier’ at the brewery which opened in a blaze of glory in 2010 as the firm’s response to the burgeoning demand for cask ales.

The firm also said the process was allowing them to look at several options to ‘improve safety’ for all workers at the brewery, but were quick to stress that the site was not set to close permanently.

A spokesman for Molson Coors said: “Brewing at the William Worthington brewery has been temporarily paused.

“The on-site brewing team will be working alongside Stuart Howe, head of craft brewing and innovation, to review how brewing vessels and pipework can be reconfigured to make brewing, cleaning and maintenance easier.

“There is ...More info on site


Brewery news Australia: Carlton & United Breweries admits misleading labelling on one of its beers
Carlton & United Breweries has entered into a court enforceable undertaking with the Australian Competition and Consumer Commission, after the beer giant admitted its labelling of Byron Bay Pale Lager may have been misleading, Smart Company reported on April 29.

The brewer has also copped A$20,000 in infringement fines in relation to the case, which rested on ACCC concerns that CUB was misleading consumers by portraying itself as a small business.

CUB has been supplying Byron Bay Pale Lager nationwide since 2013 through a license from the Byron Bay Brewing Company, which brews and sells the beer at its location in Byron Bay.

The beer sold by CUB featured the name ‘Byron Bay Pale Lager’, an image of a lighthouse and a map of the Byron Bay area, as well as information about the town.

However, CUB brews the beer in Warnervale, 95km north of Sydney and about 630km from Byron Bay. The ACCC was concerned the beer was presented as being brewed by a small brewer in Byron Bay.

The ACCC said in a statement on April 29 that CUB has agreed to stop distributing the products with the labels in question and, more generally, has agreed to not make false or misleading representations ...More info on site



BarleyBarley News Barley


Barley newsWorld: China’s barley purchases to lead into “increasing” competition with other buyers and support prices
Expectations for China's corn and soybean imports may be in decline, but not those for its barley purchases – leading it into "increasing" competition ...More info on site


Barley newsChina & Australia: Huge barley imports forecast for China this year, mostly from Australia
China’s barley imports in July/February 2013/14 were 1.75 mln tons, of which 1.45 mln from Australia, slightly less than 200,000 tons from Canada and ...More info on site


Barley news Canada: Malting barley value unchanged in CWB’s April Pool Return Outlooks (PROs) for the 2014-15 pools
CWB on April 24 released its Pool Return Outlooks (PROs) for the 2014-15 pools and Futures Choice pools. Compared to the last PRO release on March 27, projected wheat returns are C$8 to C$9 per tonne lower. Projected returns for durum, canola, malting barley and field peas remain unchanged.

Select two-row malting barley PRO value is set at C$280/tonne.

International barley prices have remained stable since the last PRO release as a result of continued demand by China for malting barley and the decline in world barley seeded acres.

Offsetting these factors is the recent rains last week in Australia, which helped improve soil moisture levels, CWB said.



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