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E-Malt.com Flash 32a
August 04 - August 06, 2014
Quote of the Week
"Perpetual optimism is a force multiplier."
Colin Powell
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Currency Rates
Base Currency: Euro
on August 06, 2014 |
Base Currency: US Dollar
on August 06, 2014 |
| |
1 EUR = 1.3399 USD
1 EUR = 0.7944 GBP
1 EUR = 1.4649 CAD
1 EUR = 1.4376 AUD
1 EUR = 137.5080 JPY
1 EUR = 3.0401 BRL
1 EUR = 48.1006 RUB
1 EUR = 8.2604 CNY
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1 USD = 0.7464 EUR
1 USD = 0.5929 GBP
1 USD = 1.0933 CAD
1 USD = 1.0730 AUD
1 USD = 102.6310 JPY
1 USD = 2.2689 BRL
1 USD = 35.8992 RUB
1 USD = 6.1650 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| August 06, 2014 |
| Type |
Crop 2014 |
| EUR |
% |
| 2rs Barley |
185.00-187.00 |  |
| 6rw Barley |
161.00-163.00 | |
| 2rs Malt |
377.00-379.00 | |
| 6rw Malt |
347.50-349.50 | |
| Feed Barley |
148.00-150.00 |  1.36% |
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.
Japan: Asahi Group’s net income up 25.5% in Q2 2014
...Click here
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Vietnam: Alcoholic beverage industry grew an average 17.61% per year in 2009/13
...Click here
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India: United Breweries to commission new plant in Bihar by end of financial year
...Click here
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Japan: Sapporo Holdings Ltd. to post loss for current year for the first time since its establishment in 2003
...Click here
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World: Barley production forecast at 133.1 mln tonnes in 2014/15
...Click here
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World: Hop companies Yakima Chief and Hopunion unite their worldwide operations
...Click here
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France: 100% of winter and 67% of spring barley already harvested
...Click here
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USA: Guinness trying to attract Americans with new Blonde American Lager
...Click here
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UK: Cobra Beer out of difficulties and with plans of renewed push
...Click here
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World: SABMiller plans to appoint Jan du Plessis as chairman in a year
...Click here
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South Korea: Sales of high-priced beers on the rise, study shows
...Click here
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Vietnam: US brewer to launch craft brewery in Ho Chi Minh City
...Click here
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Kenya: Tequila-flavoured Desperados beer launched in Kenya
...Click here
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Graph of the week
Table of the week
World Beer Production by Continent 2000 - 2013
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
04 August
1693 Dom Perignon invents champagne
1790 Congress enacts Alexander Hamilton's plan to fund the public debt and giving birth to the American securities markets
1930 Michael J. Cullen opens his first King Kullen store. He calls it a "supermarket," one of the nation's first - and it is a smash hit, as people drive from miles around for the new shopping experience
05 August
1914 1st traffic light installed (Euclid Ave & E 105th St, Cleveland)
1926 1st talkie movie "Don Juan" at Warner Theatre, NY
1930 Birth of Neil Armstrong , X-15 pilot, 1st Moonwalker (Gemini 8, Apollo 11)
1991 Soichiro Hondo, CEO & founder (Honda), dies of liver cancer at 84
06 August
1661 Holland sells Brazil to Portugal for 8 million guilders
1945 Hiroshima Peace Day-atom bomb dropped on Hiroshima by "Enola Gay"
1990 UN Security Council votes 13-0 (2 abstentions Cuba & Yemen) to place economic sanctions against Iraq
Agenda
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Brewery News
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USA: MillerCoors net income up 8% in Q2 2014
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SABMiller plc and Molson Coors Brewing Company on August 6 reported that MillerCoors second quarter underlying net income grew 8.0 percent to $445.7
...More info on site
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Japan: Asahi Group’s net income up 25.5% in Q2 2014
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Japan’s Asahi Group reported on August 6 second-quarter net sales at 811.3 mln yen, up 3.9% on the same period in 2013.
The company’s operating
...More info on site
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Vietnam: Alcoholic beverage industry grew an average 17.61% per year in 2009/13
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Vietnam's alcoholic beverage industry grew an average 17.61 percent per year over the 2009-2013 period despite an economic downturn that hurt most sectors in
...More info on site
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India: United Breweries to commission new plant in Bihar by end of financial year
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United Breweries (UB), India's largest publicly held brewing company in which Dutch brewer Heineken has a majority stake, is set to commission a 12-million
...More info on site
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Japan: Sapporo Holdings Ltd. to post loss for current year for the first time since its establishment in 2003
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Sapporo Holdings Ltd. said on August 5 it will post a loss for the current year due to an extraordinary charge in the form
...More info on site
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USA: Guinness trying to attract Americans with new Blonde American Lager
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Volume sales of Guinness in North America fell 6 percent in the 12 months ended June 30, reported Guinness maker Diageo, following a 2 percent decline a year earlier.
Among other efforts to revive Guinness sales—including a “Made of More” ad campaign—Diageo is introducing beers that many people wouldn’t recognize as Guinness at all. First up: Blonde American Lager, which comes out next month. The great black beer is going blond, Bloomberg reported on August 4.
This is not Guinness’s first shot at lightening up for American palates. In 1988, it launched Guinness Gold, but the lager never attracted a following outside a few East Coast markets. “It was outstanding from a taste standpoint and had a strong group of loyalists, but was sort of diverting the focus from the huge opportunities with Guinness,” Guinness Import’s then-chief executive officer told Brandweek in 1993, the year Guinness Gold was discontinued. The problem, execs felt at the time, was that the extension undermined Guinness’s brand equity as “a rich, black beer.”
Twenty years later and Guinness is rethinking its identity in the U.S. again. It started with Black Lager in 2011, which resulted in a short-lived sales bump. Like other big brewers, Diageo cited competition
...More info on site
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UK: Cobra Beer out of difficulties and with plans of renewed push
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Lord Bilimoria speaks openly and honestly about the difficulties his company Cobra Beer faced back in 2008.
The producer of one of the UK's most popular lagers, his business had grown too fast and over-extended itself. It was making a loss, and had built up substantial debts, which it was struggling to service, BBC reported on August 5.
While this situation may have been rectifiable in benign economic conditions, the global financial crisis that exploded in 2008 meant that Cobra had to put itself up for sale in November of that year.
"We had lots of debt and we didn't see the crisis coming," says Lord Bilimoria, speaking at Cobra's headquarters in London.
At the time the company had been growing by an average 40% every year since it was set up in 1989.
All potential profits had been invested back into continuing to grow the company, so its cash reserves were running very low at a time when Lord Bilimoria says "cash didn't just become king - it became emperor".
He adds: "What I could have done - should have done, with hindsight - is proven the profitability [of the business] for two or three years, and slowed down the growth. But at that stage...
...More info on site
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World: SABMiller plans to appoint Jan du Plessis as chairman in a year
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Brewing giant SABMiller PLC on August 6 said it has plans to appoint Jan du Plessis as chairman in July next year, to succeed John Manser.
In December last year, Chairman Graham Mackay died after battling with a long-term illness. The board appointed acting Chairman John Manser as chairman with immediate effect, and appointed Guy Elliott as senior independent director in succession to Manser.
In a statement on August 6, SABMiller said du Plessis, aged 60, will join the board as an independent non-executive director with effect from September 1, after which it intends to appoint him as chairman in succession to Manser at the conclusion of its annual general meeting in July 2015, when Manser retires.
"This will allow for an appropriate period of familiarisation and handover, and facilitate orderly succession planning," SAB Miller said.
Du Plessis is currently chairman of Rio Tinto PLC, and has been a non-executive director of Marks and Spencer Group PLC since 2008 and senior independent director since March 2012.
"Du Plessis has agreed with the chairman of Marks and Spencer that he will stand down from the board of Marks and Spencer during the first half of 2015, before being appointed as chairman of SABMiller," the company added.
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South Korea: Sales of high-priced beers on the rise, study shows
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According to a study by South Korea’s Lotte Mart based on five-year sales records on canned beers, the sales of high-priced domestically brewed beers have increased by a large margin. In addition, the study found that both high- and low-priced import beers have sold well at the expense of medium-priced beer brands, The Korea Bizwire reported on August 3.
For example, import beers whose prices are lower than 2,000 won (US$1.93) accounted for only 13.3 percent of all canned beer sales in 2010. But the share increased to 35.0 percent this year. During the same period, the ratio of import beers with prices over 3,000 won ($2.89) rose to 44.3 percent from 26.0 percent.
Meanwhile, the market share of upscale domestic beer brands priced over 1,500 won ($1.45) almost doubled to 12.3 percent from 6.8 percent in 2010. That’s largely because of the launch of new premium domestic beer brands such as Kloud, Aleston, and Queen’s Ale in efforts to compete head-on with import brands.
In addition, the previously common 355-milliliter can will be gradually replaced by a longer 500-ml can. The share of 500-ml import beers was less than 20 percent by 2010 but it shot up to 65.2 percent this year.
...More info on site
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Vietnam: US brewer to launch craft brewery in Ho Chi Minh City
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A US brewer is making the move to Vietnam to set up a new craft brewery in Ho Chi Minh City, The Drinks Business reported on August 5.
Alex Violette has spent the last five years as head brewer at Upslope Brewing in Boulder, Colorado but is now setting out to Vietnam to bring craft brewing to the country.
According to the Daily Camera, Violette is moving to Ho Chi Minh on 14 August and is partnering with a fellow American, John Reid, who has lived in Vietnam for the last six years and has taken the dearth of good craft beer in the country into his own hands by founding his own brewery.
Together they will open the Pasteur Street Brewing Company later in the year and aim to use local ingredients such as herbs, spices and fruits in some of the beers as well.
Violette told the paper there is real potential for craft beer in Vietnam but it will not be easy. He said: “There’s the potential in that part of the world to introduce them to craft beer.
“We go over there and we’re not just selling our brand, we have to sell an entire style of beer.
“There will be a
...More info on site
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Kenya: Tequila-flavoured Desperados beer launched in Kenya
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Heineken East Africa Import Company has expanded its portfolio in East Africa with the introduction of Desperados, a tequila-flavoured beer, Capital FM reported on August 1.
The product is a unique combination of gold colored, full bodied lager beer with a kick of real Tequila flavour to achieve a fine balanced premium beer with distinct accessible taste, light bitterness and refreshing citric notes.
Desperados is a 5.9% alcohol beer, and the ultimate party beer for young energetic adults over legal drinking age who are looking for better and unforgettable experiences during the night.
“This is a unique product proposition that will help to further expand the beer category as it is at the boundary between the beer and spirit territories,” says Uche Unigwe, Heineken’s General Manager East Africa. “The launch of Desperados in Kenya marks another milestone for us in this market as we seek to tap the opportunities we see for alternatives to plain lagers and spirits, which we believe is what consumers are looking for.”
Desperados was first launched in France in 1995, and is now present in bars and clubs in 66 markets around the globe. It has been delivering double-digit growth for the last 6 years, accelerated by its growth
...More info on site
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Barley News
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World: Barley production forecast at 133.1 mln tonnes in 2014/15
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The IGC in its latest report forecasts global barley production in 2014/15 at 133.1 mln tonnes (previous forecast 133.0, previous year 144.8), thereof in
...More info on site
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France: 100% of winter and 67% of spring barley already harvested
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FranceAgriMer reported on August 4 that as of July 28, 2014, 76% (previous week 44; previous year 26) of the wheat crop has been harvested, as well as 100% (99; 96) of the winter barley and 67% (15; 11) of the spring barley.
84% (previous week 84; previous year 54) of the corn crop in France was in good to excellent condition, the ministry said.
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Hops News
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World: Hop companies Yakima Chief and Hopunion unite their worldwide operations
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Yakima Chief, Inc. of Sunnyside, WA and Hopunion LLC of Yakima, WA announced that the companies are combining their worldwide operations under a new
...More info on site
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