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Flash Summary
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E-Malt.com Flash 50a
December 08 - December 10, 2014
Quote of the Week
"You usually have to wait for that which is worth waiting for."
Craig Bruce
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Currency Rates
Base Currency: Euro
on December 10, 2014 |
Base Currency: US Dollar
on December 10, 2014 |
| |
1 EUR = 1.2350 USD
1 EUR = 0.7888 GBP
1 EUR = 1.4162 CAD
1 EUR = 1.4907 AUD
1 EUR = 148.1570 JPY
1 EUR = 3.2141 BRL
1 EUR = 66.9260 RUB
1 EUR = 7.5855 CNY
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1 USD = 0.8098 EUR
1 USD = 0.6387 GBP
1 USD = 1.1467 CAD
1 USD = 1.2071 AUD
1 USD = 119.9740 JPY
1 USD = 2.6025 BRL
1 USD = 54.1915 RUB
1 USD = 6.1421 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| December 10, 2014 |
| Type |
Crop 2014 |
Crop 2015 |
| EUR |
% |
EUR |
% |
| 2rs Barley |
200.00-202.00 |  1.01% |
204.00-206.00 | 0.49% |
| 6rw Barley |
174.00-176.00 | 1.16% |
175.00-177.00 | 1.15% |
| 2rs Malt |
396.50-398.50 | 0.62% |
400.50-402.50 | 0.31% |
| 6rw Malt |
364.50-366.50 | 0.68% |
364.50-366.50 | 0.68% |
| Feed Barley |
169.00-171.00 | 1.19% |
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: Beer consumption amounted to 2.62 bln bottles in 2013 - report
...Click here
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Brazil: Beer output may finally grow by 5% this year
...Click here
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USA: The Brewers Association sums up craft beer industry’s preliminary annual results
...Click here
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US: Cash barley prices show little movement in the last few weeks
...Click here
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UK: Molson Coors closing brewery in Hampshire with more than 100 jobs at risk
...Click here
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Nigeria: Merger of Heineken’s subsidiaries gets shareholders’ approval
...Click here
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Ireland: Big increase reported in winter barley sowings this year
...Click here
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The Netherlands: Heineken to make ‘drastic changes’ to its Dutch arm salaries
...Click here
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South Korea: Chinese beer Qingdao outsells Budweiser in H2 2014
...Click here
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Graph of the week
Table of the week
UK Unroasted Malt Exports 1995 - 2014
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
Distill the hop oils into your beer
ABSTRACT
It is clear, brewing research is looking for ways to optimize
the extraction of hop oils or bitter components from hops
without losing any of them ! With this in mind, these
German researchers have developed a small scale set-up
where the aroma compounds in a hop and water slurry is
distilled into the beer tank using relatively low
temperatures and CO2. Using the language of process
engineers, this is a desorption/absorption method. Though
the enrichment of hop oils in the beers has historically been
rather low (5μg/l), this methods allows more robust dry
hopping without introducing solid material into the beer.
Furthermore the hops can used afterwards for bittering
purposes. It is certainly worth continuing investigations!
Source: Barth Innovations
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These Days in Business History
December 08
1794 1st issue of Herald of Rutland, VT published
1863 Abraham Lincoln announces plan for Reconstruction of South
1923 Salary and price freeze in Germany
1993 Dow-Jones hits record 3734.53
December 09
1793 Noah Webster establishes New York's 1st daily newspaper, American Minerva
1843 P Paul Leroy-Beaulieu French economist is born
1905 French Assembly National votes for separation of church & state
1916 P Paul Leroy-Beaulieu French economist (Economist France), dies at 73
1967 Nicolae Ceausescu becomes President (dictator) of Romania
1968 Doug Engelbart demonstrates first computer mouse at Stanford
December 10
1672 New York Governor Lovelace announces monthly mail service between New York & Boston
1799 Metric system established in France
1901 1st Nobel Peace Prizes (to Jean Henri Dunant, Frederic Passy)
1915 10,000,000th model T Ford assembled
1930 Clayton K Yeutter, US trade representative/Republican National chairman is born in Nebraska
1948 UN General Assembly adopts Universal Declaration of Human Rights
1993 Dow Jones hits record 3740.67
Agenda
February 2015:
10-12: International Brewing Awards 2015
11-14: National Winter Ales Festival 2015 (Derby, UK)
21-24: Beer Attraction 2015 (Rimini, Italy)
March 2015:
11-14: Brazilian Beer Festival - Festival Brasileiro da Cerveja 2015 (Blumenau, Brazil)
20-21: BeerX 2015 2015 (Sheffield, UK)
31 March - 02 April: ProPak Vietnam 2015 (Ho Chi Minh City, Vietnam)
April 2015:
14-17: Craft Brewers Conference & BrewExpo America 2015 (Portland, USA)
21-23: Brewer (Pivovar) 2015 (Moscow, Russia)
25-26: Zythos 2015 (Leuven, Belgium)
May 2015:
06-08: bevtec Asia 2015 (Bangkok, Thailand)
07-23: The Czech Beer Festival 2015 (Prague, the Czech Republic)
19-22: Beer (Pivo) 2015 (Sochi, Russia)
24-28: EBC 2015 (Porto, Portugal)
26-28: Alimentaria Mexico 2015 (Mexico City, Mexico)
28-30: Copenhagen Beer Festival 2015 (Copenhagen, Denmark)
28-31: Latvia Beer Fest 2015 (Riga, Latvia)
June 2015:
10-14: Mondial de la Biere 2015 (Montreal, Canada)
July 2015:
01-04: Ollesummer 2015 (Tallinn, Estonia)
15-17: Brasil Brau 2015 (Sao Paulo, Brazil)
August 2015:
11-15: The Great British Beer Festival 2015 (London, UK)
September 2015:
19 September - 14 October: Oktoberfest 2015 (Munich, Germany)
More events are available on site e-malt.com
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Brewery News
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World: Beer consumption amounted to 2.62 bln bottles in 2013 - report
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People across the globe have consumed over 2.62 billion bottles of beer by the end of 2013, a latest report released by the world’s
...More info on site
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Brazil: Beer output may finally grow by 5% this year
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Brazil’s total beer output may increase by 5% this year, said the Association of the Brazilian Brewing Industry (CervBrasil).
The Association, which previously expected
...More info on site
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USA: The Brewers Association sums up craft beer industry’s preliminary annual results
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As the year draws to a close, the Brewers Association—the not-for-profit trade association dedicated to small and independent American brewers—looked back on how craft brewers fared in 2014.
“It’s remarkable to see how beer has evolved in the past century. Year over year we’re seeing tremendous growth in the craft beer sector and 2014 proved that craft beer is moving into the mainstream,” said Bart Watson, chief economist, Brewers Association. “Consumers are making a conscious choice to buy and try the plethora of options produced by small and independent craft brewers.”
Of note in 2014:
•U.S. brewery count returns to historic levels. In November, the United States passed the mark of 3,200 brewers in the country and the number of brewery licenses reached the highest ever, topping 4,500 in the first sixth months of the year. Thirteen states (CA, CO, WA, OR, MI, NY, PA, TX, FL, WI, IL, NC, OH) now have more than 100 breweries each.
•Breweries are opening at a rate of 1.5 per day. In addition, there are more than 2,000 breweries in planning.
•Craft brewers were the growth point in the overall beer industry. Through June of 2014, craft brewers enjoyed 18 percent growth by
...More info on site
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UK: Molson Coors closing brewery in Hampshire with more than 100 jobs at risk
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Jobs losses have been announced at a 50-year-old Manor Park brewery in Alton, Hampshire which is to close next year, BBC reported on December 8.
Molson Coors Brewing Company said it had not been able to replace the work lost when Heineken moved its production back in-house.
A spokesman for the firm said it was working with employees at its site in Alton to "mitigate job losses".
East Hampshire District Council said more than 100 jobs were at risk and added it would support those affected.
The Molson Coors spokesman said the firm was trying to "identify alternative proposals for the site" and added its priority was to support impacted employees.
District councillor Julie Butler said the authority would hold "an immediate high level meeting" with Molson Coors, Hampshire County Council and others to respond to the closure and plan for the regeneration of the brewery site.
The brewery is expected to close at the end of May.
According to a company spokesperson, for the past seven years production on behalf of Heineken has equated to 75% of Manor Park’s production. The balance has been comprised of Molson Coors’ brands – namely Carling, Grolsch and Coors Light.
Manor Park has an annual capacity of 2.6 million hectolitres and
...More info on site
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Nigeria: Merger of Heineken’s subsidiaries gets shareholders’ approval
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Heineken N.V. announced on December 5 that its majority owned subsidiaries Nigerian Breweries plc and Consolidated Breweries plc have received shareholder approval to merge
...More info on site
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The Netherlands: Heineken to make ‘drastic changes’ to its Dutch arm salaries
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Brewing group Heineken wants to make ‘drastic changes’ to the pay and conditions agreements at its Dutch arm to ensure the company remains globally competitive, the Financieele Dagblad said on December 10.
HR director Hans de Ruiter says in an interview that new employees earn between 20% and 30% more than they would in similar functions at other companies. He also wants to remove part of the Dutch organisation from the collective pay bargaining because it is hurting the company’s competitive edge, the FD says.
De Ruiter, who is also a member of the board at employers’ organisation VNO-NCW, has raised the lopsided pay situation internally, the FD says. However, unions and the works council oppose change because they fear it will lead to a two-tier workforce.
“We are healthy now but if we want to be in that position in a couple of years, we will have to dare to look at salaries,” the FD quotes De Ruiter as saying. “We are not asking our staff to take a 20% pay cut… but at least establish the way for the future.”
Heineken employs some 2,700 people in the Netherlands, the FD says. Union leader Jet Grimbergen said they are currently
...More info on site
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South Korea: Chinese beer Qingdao outsells Budweiser in H2 2014
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The Chinese beer Qingdao outsold longtime bestseller Budweiser to become the best-selling imported beer in the second half of the year in South Korea, according to Lotte Mart, the nation’s largest retailer.
Qingdao accounted for 43.8 percent of sales of imported beer at the firm’s outlets between July 1 and Dec. 4, while Budweiser stood at 28.6 percent, Lotte Mart said on December 8. Another American beer, Miller, came in third with 21.5 percent, according to Lotte.
The Chinese brewer’s greater market share came as a result of a growing number of Chinese tourists in South Korea, officials said.
This was the first time Qingdao has had the best-selling position at a domestic retailer.
It was the third best-selling imported beer, with a 22.9 percent market share, during the first half of last year, with Budweiser at 49.3 percent and Miller second with 27.8 percent.
Yet Qingdao’s sales skyrocketed during the first half of this year, outselling Miller and getting within one percentage point of Budweiser in market share.
“Such a sudden and steep hike can be largely attributable to a rapid increase of inbound Chinese tourists, as well as Chinese people living in Korea,” said Lee Young-eun, a Lotte Mart sales manager. “They have a
...More info on site
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Barley News
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US: Cash barley prices show little movement in the last few weeks
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US spot cash prices for both malting and feed barley classes have shown little movement in the last few weeks. This has surprised some in the industry who thought there would be a strengthening for malting barley due to the high percentage of crop that experienced high DON levels and sprout damage, Farm & Ranch Guide reported on December 9.
This hasn't been the case, according to Randy Brag of Valley Grain Milling in Casselton, N.D., because of the concerted effort by the maltsters to try to use as much damaged barley as possible in the malting process.
"According to some of the maltsters, some of this sprouted barley is working quite well," Brag said. "If there is a problem germinating, they are working with it. However, since they are working with sprouted barley you want to get all of that processed by March. If you don't have it processed by March, it's going to die on you.
"(The maltsters) are bending over backward to take some of this stuff, but this is one of those years when they have to," he added.
Brag estimates only 40 percent of this year's barley crop nationwide made top malting specs, while 60 percent fell short. In
...More info on site
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Ireland: Big increase reported in winter barley sowings this year
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There has been a big increase in winter barley sowings in Ireland. Figures from some members in the seed trade would suggest that winter barley seed sales are up by 25-30pc. This would equate to 70,000 ha, excluding crops sown from home-saved seed, independent.ie reported on December 10.
Wheat sowings appear to be back 10-15pc in the south of the country. Sowings in the northern part of the country appear to be similar to 2013, while the oats crop also appears to be on a par with last year.
This is the first time that winter barley acreage will be greater than winter wheat and is, analysts believe, a reflection of the relative costs and returns of the two crops.
Growers have at last switched on to the fact that winter wheat is a very expensive crop to grow and with the good yields of winter barley over the last two seasons, the return from the winter barley crop can easily beat the returns from winter wheat.
The acreage of winter oilseed rape appears to be down by 25-30pc and again is reflective of the high costs of growing this crop.
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