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Flash Summary
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E-Malt.com Flash 41b
October 09 - October 12, 2014
Quote of the Week
"Don't watch the clock; do what it does. Keep going."
Sam Levenson
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Currency Rates
Base Currency: Euro
on October 10, 2014 |
Base Currency: US Dollar
on October 10, 2014 |
| |
1 EUR = 1.2730 USD
1 EUR = 0.7874 GBP
1 EUR = 1.4154 CAD
1 EUR = 1.4404 AUD
1 EUR = 137.3840 JPY
1 EUR = 3.0367 BRL
1 EUR = 50.9607 RUB
1 EUR = 7.8054 CNY
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1 USD = 0.7856 EUR
1 USD = 0.6186 GBP
1 USD = 1.1118 CAD
1 USD = 1.1315 AUD
1 USD = 107.9230 JPY
1 USD = 2.3854 BRL
1 USD = 40.0307 RUB
1 USD = 6.1313 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| October 10, 2014 |
| Type |
Crop 2014 |
Crop 2015 |
| EUR |
% |
EUR |
% |
| 2rs Barley |
174.00-176.00 |  |
190.00-192.00 | |
| 6rw Barley |
156.00-158.00 | |
159.00-161.00 |  0.62% |
| 2rs Malt |
363.50-365.50 | |
383.00-385.00 | |
| 6rw Malt |
341.00-343.00 | |
345.00-347.00 | 0.35% |
| Feed Barley |
146.00-148.00 |  0.68% |
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.
World: SABMiller is expected to report improved pre-tax profits next week
...Click here
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EU: Barley harvest finished with quantity estimates ranging from 57.9 to 59.7 mln tonnes
...Click here
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France & China & Saud Arabia: French barley shipments increase in China and drop in Saudi Arabia
...Click here
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UK: Barley and wheat usage for brewing, malting, and distilling increases in the first two months of 2014/15 marketing year
...Click here
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Jamaica: Red Stripe investing US$10 mln to set up cassava supply chain
...Click here
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USA: Legalization of medical marijuana helps beer sales - analyst
...Click here
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UK: Dual purpose malting barley varieties offer security in marketing options
...Click here
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The Czech Republic: Equipment producer can’t handle all orders from booming microbrewing sector
...Click here
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Kenya: Keroche Breweries hires new top managers within expansion plan
...Click here
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Graph of the week
Table of the week
France Barley Supply and Distribution
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
Why are dry hopped beers more bitter?
ABSTRACT
This is a popular questions, and though it was not really
proven so far, the idea that additional alpha acids and
polyphenols as well as a certain brain illusion is well
accepted. But here are some facts: This US team analysed
dry hopped beers for their content of alpha and beta acids,
humulinones and polyphenols. The correlation testing with
the sensory trials showed that the bitterness contributed by
dry hopping is a combination of polyphenols and
humulinones! Also a strong correlation of aroma intensity
and bitterness intensity was proven. So it is a combination
of actual bitter tasting compounds and a portion of a brain
based illusion - cheers!
Read more
Source: Barth Innovations
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These Days in Business History
October 09
1930 1st synthetic detergent, "Dreft" by Procter & Gamble, goes on sale
1946 1st electric blanket manufactured; sold for $39.50
1979 1st consumer use of home banking by computer (Knoxville Tn)
October 10
1993 Paolo Gucci, entrepreneur/accessories designer, dies at 64
1995 Robert E. Lucas awarded Nobel Prize in economics
2006 Google buys YouTube.com for $1.6 billion
October 11
1617 Franchois Vranck, economist/writer (Deduction), dies at about 62
1844 Henry John Heinz is born. He founded prepared-foods company, 57 varieties
1868 Thomas Edison patents his 1st invention: electric voice machine
1887 A. Miles patents elevator
October 12
1492 Columbus arrives in Bahamas [real Columbus Day]
1918 1st use of iron lung (at Boston's Children Hospital). The iron lung is called a negative pressure ventilator. It enables a person to breathe when normal muscle control has been lost
1935 Luciano Pavarotti, born in Modena, Italy, operatic tenor, Oh Giorgio, 3 Tenors
Agenda
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Malt News
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UK: Barley and wheat usage for brewing, malting, and distilling increases in the first two months of 2014/15 marketing year
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United Kingdom’s brewers, maltsters, and distillers used a total of 318.4 thousand tonnes in July-August 2014, up 3.3% on the same period last year,
...More info on site
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Brewery News
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World: SABMiller is expected to report improved pre-tax profits next week
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On Tuesday 14 October, SABMiller is expected to release its second-quarter results. The markets are expecting the adjusted earnings per share to have increased
...More info on site
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Brazil: Brasil Kirin to invest less in 2015
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Brasil Kirin will decrease investments in its operations in the coming year, Alexandre Sanchez, the company’s Operations Vice-President, was quoted as saying on October
...More info on site
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Jamaica: Red Stripe investing US$10 mln to set up cassava supply chain
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Jamaica’s Red Stripe has said that it will invest US$10 million over the next five years to set up a cassava supply chain, as it moves to use the tuber to offset barley imports utilised in beer production, Jamaica Observer reported on October 9.
“It is not just about growing cassava, it’s about setting up a cassava supply chain. We have a big ambition for cassava and it is going to take a massive investment,” said Red Stripe Managing Director Cedric Blair.
Blair was addressing government officials, which included Prime Minister Portia Simpson Miller and Minister of Industry, Investment and Commerce, Anthony Hylton, following a tour of the Spanish Town Road facility on October 8.
To date, the company has spent US$1.1 million on the first phase of its Project Grow initiative and is committing to invest even more over the next five years.
“Our preliminary numbers from our farmers is that under this pilot, we will produce about 70 tonnes per hectare. This means that we will produce more cassava on our pilot farm than the rest of Jamaica combined,” Blair said.
He said the company’s plan is to get to 2,500 acres within the next three to five years and to employ one
...More info on site
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Angola: New 1 mln hl brewery launched in Luanda
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A new brewery with production capacity of 1 mln hl per year was launched on October 9 in Luanda, ionline.pt reported.
The construction of Chinese-owned Lowenda Brewery Company began in 2011. The company will market its production under Bela brand and will be employing 250 Angolans and 170 foreign workers, it is reported.
The volume of investments in the project was not disclosed.
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USA: Legalization of medical marijuana helps beer sales - analyst
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The legalization of medical marijuana has helped beer sales, contrary to previous research that pointed to a decline, according to a note from Sanford C. Bernstein analyst Trevor Stirling.
Recreational pot use in the two states where it’s legal has so far not had a “significant impact” on beer, he was quoted as saying by Bloomberg on October 10.
“The average blue-collar Bud drinker is less likely to be smoking pot,” Stirling said. “As far as medical marijuana is concerned, it does not appear to be a big threat to the beer industry.”
The research could relieve one concern for beermakers Anheuser-Busch InBev NV and SABMiller Plc, which have seen U.S. volume decline over the past five years due to high unemployment and a shift to spirits like bourbon and gin. Twenty-three states have allowed medical marijuana and about a dozen, from Florida to Alaska, are considering legalization in some form.
Per-capita beer drinking had a one-time increase of about 0.5 percent in the 10 largest states that have legalized medical marijuana, the Bernstein analyst found. While beer consumption later declined in those states, the rate of decline slowed to become more in line with the national average.
“There may be a ’constrained budget’
...More info on site
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The Czech Republic: Equipment producer can’t handle all orders from booming microbrewing sector
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Czechs are fiercely proud of their beer, and especially of the fast-growing range of varieties available from the explosion of independent craft and micro-breweries established in recent years in both Prague and the country’s many spa and historic towns, as an FT special report shows.
Indeed, the boom in innovative, independent brewing is being felt well outside the tourist-packed streets of old town Prague and Cesky Krumlov.
Sixty miles to the south-east of the Czech capital is Pacov, a small town in rolling hills that fails to make the tourist radar screen. But a factory on its southern fringes knows all about the current rage among restaurateurs for making hoppy Czech ales on site.
“We can’t handle all the orders,” says Martin Hajek, vice-chairman of Pacovske Strojirny (Pacov Engineering), with sells micro-brewery equipment. “Where we used to do two to three micro-breweries a year, we now do six to seven and we anticipate doubling this.”
Pacovske Strojirny’s slick brochures list some 50 domestic clients, ranging from safe and dependable names such as Staropramen and Krusovice, to the more reverential Hop and Beer Temple of Zatec and the exotic First Beer Spa of Roznov pod Radhostem.
Since its acquisition 18 months ago by the Safichem Group,
...More info on site
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Kenya: Keroche Breweries hires new top managers within expansion plan
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Kenya’s Keroche Breweries Ltd has hired three top managers as it readies to take on rivals, with an eye on setting up East Africa-wide operations, All Africa reported on October 9.
It has brought in Paul Wanyaga as managing director, James Ngomeli as sales and marketing director and Kennedy Muhonji as commercial director.
It is expected to remain on a hiring spree over the next few months as it looks to expand production capacity ten-fold from the current 60,000 bottles daily to 600,000.
"It is no longer a small operation and therefore needs the right skills," Ngomeli said.
He said the brewer has invested Sh3.5 billion in the expansion drive.
Keroche is betting on industry experience by the three executives to move its operations to the next level. It currently controls a five per cent market share and is targeting to claw up to a fifth of the market within three years.
"We will enhance distribution channels to cover and supply the whole country. There is demand for Keroche brands and we aim to be a formidable force even outside of Kenya by sealing the gaps," Ngomeli said.
Wanyaga, a former media manager, has past experience with East Africa Breweries Ltd, while Ngomeli is a renowned brand
...More info on site
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Barley News
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EU: Barley harvest finished with quantity estimates ranging from 57.9 to 59.7 mln tonnes
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The barley harvest in the EU is finished. Estimates of the harvested quantity range from 57.9 (EU Commission) to 59.7 (IGC) mln tons. Almost
...More info on site
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France & China & Saud Arabia: French barley shipments increase in China and drop in Saudi Arabia
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According to FranceAgriMer, shipments of French barley to China totalled 547,000 tonnes in July – October 3 whereas the total shipped in 2013/14 was
...More info on site
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UK: Dual purpose malting barley varieties offer security in marketing options
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As the breeders of the only two varieties on the recommended list with full IBD approval for brewing and malt distilling, Concerto and Odyssey, Limagrain UK believes that the focus on producing spring barley varieties that meet this dual requirement has benefitted growers by offering a security in marketing options, Farming UK reported on October 10.
This trend is set to continue with the introduction of four non-GN candidates Deveron, Sienna, Octavia and Olympus currently in recommended list trials.
Varieties suitable for malt distilling should be below 1.65% nitrogen, and non-GN, says Mark Glew, senior barley breeder at Limagrain.
Non-GN varieties include the version of a gene that makes them non-producers of the compound glycosidic nitrile. "It's a tiny piece of DNA, but it makes those particular varieties suitable. There are only a few of them, but they're the ones that are tested and supported by the distillers."
“Our malting barley breeding programme is geared to reflect the needs of both the brewing and distilling markets as whilst the distilling and craft beer markets are showing good growth, brewing is generally static or in decline across Europe. However, it is important that the varieties we bring to the market can be used in distilling
...More info on site
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