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Flash Summary
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E-Malt.com Flash 38b
September 18 - September 21, 2014
Quote of the Week
"The difficulty lies not so much in developing new ideas as in escaping from old ones."
John Maynard Keynes
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Currency Rates
Base Currency: Euro
on September 19, 2014 |
Base Currency: US Dollar
on September 19, 2014 |
| |
1 EUR = 1.2882 USD
1 EUR = 0.7895 GBP
1 EUR = 1.4153 CAD
1 EUR = 1.4367 AUD
1 EUR = 139.9770 JPY
1 EUR = 3.0458 BRL
1 EUR = 49.5737 RUB
1 EUR = 7.9290 CNY
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1 USD = 0.7763 EUR
1 USD = 0.6129 GBP
1 USD = 1.0986 CAD
1 USD = 1.1153 AUD
1 USD = 108.6610 JPY
1 USD = 2.3643 BRL
1 USD = 38.4817 RUB
1 USD = 6.1549 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| September 19, 2014 |
| Type |
Crop 2014 |
Crop 2015 |
| EUR |
% |
EUR |
% |
| 2rs Barley |
178.00-180.00 |  |
192.00-194.00 | |
| 6rw Barley |
155.00-157.00 | |
161.00-163.00 | |
| 2rs Malt |
368.50-370.50 | |
385.50-387.50 | |
| 6rw Malt |
340.00-342.00 | |
347.50-349.50 | |
| Feed Barley |
143.00-145.00 |  0.69% |
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.
Australia: Australians looking to embrace more diverse flavours in their beer
...Click here
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Namibia: SABMiller's first Namibian brewery produces its inaugural brew
...Click here
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World: Malting barley markets and supplies of special concern to the industries
...Click here
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EU: Spring barley crops large but malting quality proportion still to be confirmed
...Click here
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Canada: Barley export to decrease from 2.3 mln tons in 2013-14 to 2.1 mln in 2014-15
...Click here
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Russia & Ukraine: Russia’s malting barley crop good this year, Ukraine’s total barley harvest put at 8.2 mln tons
...Click here
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USA: Persistent rains putting more and more of barley crop into the feed category
...Click here
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Zimbabwe: Delta revises beer prices in response to declining volumes and low disposable income
...Click here
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Canada: Alberta Barley, Saskatchewan Barley Development Commission (SBDC) pleased with government's move to ensure accountability on the railways
...Click here
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India: State of Kerala raises beer and other drinks taxes
...Click here
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Graph of the week
Table of the week
EU Malt Exports
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
Volatile vs non-volatile
ABSTRACT
The volatile world of beer is complex, we know. Together
with the non-volatile even more! These US researchers
looked into the interaction of volatile aroma compounds in
beer and non-volatile fractions as proteins and
carbohydrates. They found an increase in aroma intensity
(apple and banana) with increasing protein levels (perhaps
due to the binding of aroma components), and a decrease
of dry hop aroma intensity with increasing carbohydrate
levels (due to changed viscosity).
Read more
Source: Barth Innovations
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These Days in Business History
September 18
1842 1st edition of Pittsburgh Post Gazette published
1851 The first edition of The New York Daily Times, which later became The New York Times, was published
1955 The Ford Motor Company produced its 2,000,000th V-8 engine on this day, 23 years after the first Ford V-8 was manufactured
September 19
1849 1st commercial laundry established, in Oaklan, California
1854 Henry Meyer patents sleeping rail car
1876 1st carpet sweeper patented (Melville Bissell of Grand Rapids, Mich)
1887 Dr. Graham Edgar, developer of the octane rating system, was born in Fayetteville, Arkansas, on this day
1888 World's 1st beauty contest (Spa, Belgium)
September 20
1519 Portuguese navigator Ferdinand Magellan sets sail from Spain in an effort to find a western sea route to the rich Spice Islands of Indonesia
1839 1st railroad in Netherland opens (Amsterdam-Haarlem)
1877 Chase National Bank opens in NYC (later merges into Chase Manhattan)
September 21
1784 The first daily newspaper in the United States, the Pennsylvania Packet and Daily Advertiser, begins publishing
1883 1st direct US-Brazil telegraph connection
1931 The day after the Bank of England abandons the gold standard, U.S. stocks tumble
Agenda
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Brewery News
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Australia: Australians looking to embrace more diverse flavours in their beer
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When you’re making a beer in honour of Australia’s first brewer—a noted womaniser who arrived as a convict on the First Fleet—a lack of respect for authority goes with the territory, The Malay Mail Online reported on September 19.
But it also says something about the changing beer tastes of Australians, known for their love of a “cold one”, that they are now looking to embrace more diverse flavours in their tipples from beetroot to liquorice, says brewmaster Chuck Hahn.
“We’re out to offend people,” declares the New York-born brewer from Sydney’s Malt Shovel Brewery who has been experimenting with beer for more than 40 years.
“We get lovers and haters. We want to be distinctive,” he told journalists from inside the brewery where he has produced the successful James Squire ales, in honour of Australia’s first brewer, since 1998.
Hahn is one of the country’s most high-profile brewers, and is widely credited with helping kickstart the boutique beer industry Down Under after a successful career with big brewers in the United States, New Zealand and Australia.
Over this time, he has seen the Australian palate move on from drinkers simply asking for whatever beer was on tap to something more discerning.
“Back in ‘81,
...More info on site
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Namibia: SABMiller's first Namibian brewery produces its inaugural brew
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SABMiller's first Namibian brewery has produced its inaugural brew, with bottles of Carling Black Label rolling off the packaging line, Interactive Investor reported on September 18.
This marks a significant milestone for SABMiller Namibia, which previously imported all its beer from neighbouring South Africa.
Construction of the new $33.3-million, 260,000 hectolitre brewery in Okahandja began in mid-2013 and will be completely finalised at the end of October 2014.
SABMiller's investments in Namibia, and more broadly across the continent, underline the company's belief in the region and its ability to drive long-term growth in Africa. Its commitment in Namibia also aligns with the national government's Vision 2030 of an industrial nation.
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Zimbabwe: Delta revises beer prices in response to declining volumes and low disposable income
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Zimbabwe’s largest beverages maker, Delta, has reviewed the prices of beer across the whole portfolio in response to the declining large volumes due to low disposable income, News Day reported on September 18.
The new prices came into effect on September 15 and have already been communicated to clients.
Delta Beverages general manager for lager beer business unit Munya Nyandoroh said affordability has become a big issue for the Zimbabwean consumer, thanking customers who have been complying with the recommended retail prices thereby keeping the products affordable.
“The price of the quart pack has been reduced to $1.60 from $1.75 making it the most affordable bottled mainstream beer offering. Eagle quart which was retailing at $1.20 has been reduced to $1,” Nyandoroh said.
He said the magnum 660ml returnable bottle for Golden Pilsener, Zambezi Lager and Bohlingers has also been reduced to $1.75 from $1.80. Also reduced is Castle Lite non-returnable bottle which was retailing at $1.20 now down to $1.15 including its popular 440ml can which is now $1.25 from $1.30.
Nyandoroh said while most outlets in the country tend to price the 375ml returnable bottle (pint) at $1, Delta Beverages recommended retail price was $0.95.
Nyandoroh said all other pack prices remained unchanged.
In the
...More info on site
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India: State of Kerala raises beer and other drinks taxes
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The Kerala government, which is ushering into prohibition in a decade, on September 17 decided to further increase the tax on liquor and tobacco products. The decision to further tax the tipplers in Kerala came amidst the claim of the Congress government that it was ready to forgo the revenue from liquor business, The Indian Express reported.
After the cabinet meeting, chief minister Oommen Chandy said the tax on Indian made foreign liquor would be increased from present 115 per cent to 135 per cent. Apart from that, the IMFL would fetch a cess charge of 5 per cent on retail price. This is expected to fetch an additional income of Rs 1130 crore to the state exchequer. Besides, the tax on beer and wine would be increased from 50 per cent to 70 per cent, a step that is expected to give an additional income of Rs 100 crore for the cash-strapped government. The tax on tobacco products would be go up from 22 per cent to 30 per cent, a chunk of it would be ploughed back for the treatment of cancer patients.
At present, the liquor business forms 22 per cent of the state’s revenue. As a first step
...More info on site
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Barley News
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World: Malting barley markets and supplies of special concern to the industries
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Malting barley markets and supplies are of special concern to the industries. According to an industry report published in early September ,the EU will
...More info on site
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EU: Spring barley crops large but malting quality proportion still to be confirmed
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Spring barley crops are large in the EU, though quality deficiencies may cut the shares of malting barley, analysts said in a research note
...More info on site
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Canada: Barley export to decrease from 2.3 mln tons in 2013-14 to 2.1 mln in 2014-15
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For 2013-14, Canada’s barley exports are forecast to increase by 7% to 2.3 mln tonnes despite strong world competition in the world malting barley
...More info on site
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Russia & Ukraine: Russia’s malting barley crop good this year, Ukraine’s total barley harvest put at 8.2 mln tons
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Russia harvested a huge barley crop of almost 20 mln tons, vs. 15.4 last year. Quality of malting barley is good, imports will hardly
...More info on site
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USA: Persistent rains putting more and more of barley crop into the feed category
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Feed barley prices have now fallen below the $2 mark and the persistent rains across the major malting barley region of North America puts
...More info on site
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Canada: Alberta Barley, Saskatchewan Barley Development Commission (SBDC) pleased with government's move to ensure accountability on the railways
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Alberta Barley and the Saskatchewan Barley Development Commission (SBDC) are pleased with the federal government's move to ensure accountability on the railways, Ein News reported on September 18.
On September 17 it was reported that the government is fining Canadian National Railway Co. (CN) as a result of their failure to meet minimum grain shipping requirements.
"This fine is the type of accountability we've been looking for," said Alberta Barley Chairman Matt Sawyer. "Without these enforceable regulations, we run the risk of another grain transportation crisis like we had last winter."
As evidenced by CN's failure to adhere to the federal government's requirements under Bill C-30, Alberta and Saskatchewan's barley farmers will continue to advocate for the increased rail capacity needed to effectively move Canadian grain. Both groups also look forward to participating in the ongoing Canada Transportation Act review.
"Farmers need a transportation system that can deliver their production to customers in a timely and reliable manner," said SBDC chair Cam Goff. "The railways are a critical player in this, and the fines are a signal to them that they will be held responsible now and into the future."
Approximately nine out of every 10 farms in the country are dependent on exports, making
...More info on site
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