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Flash Summary
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E-Malt.com Flash 30b
July 23 - July 26, 2015
Quote of the Week
Success is how high you bounce after you hit bottom.
General George Patton
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Currency Rates
Base Currency: Euro
on July 24, 2015 |
Base Currency: US Dollar
on July 24, 2015 |
| |
1 EUR = 1.0999 USD
1 EUR = 0.7044 GBP
1 EUR = 1.4271 CAD
1 EUR = 1.4844 AUD
1 EUR = 136.1500 JPY
1 EUR = 3.5932 BRL
1 EUR = 62.9330 RUB
1 EUR = 6.8299 CNY
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1 USD = 0.9119 EUR
1 USD = 0.6416 GBP
1 USD = 1.3016 CAD
1 USD = 1.3549 AUD
1 USD = 123.9200 JPY
1 USD = 3.2433 BRL
1 USD = 57.4332 RUB
1 USD = 6.0847 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| July 24, 2015 |
| Type |
Crop 2015 |
| EUR |
% |
| 2rs Barley |
198.00-200.00 |  1.49% |
| 6rw Barley |
176.00-178.00 | 4.32% |
| 2rs Malt |
393.00-395.00 | 0.93% |
| 6rw Malt |
366.00-368.00 | 2.61% |
| Feed Barley |
172.00-174.00 | 1.14% |
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.
EU: German maltsters east of the Rhine and the Balkans are not doing so well as West and North European malt industries
...Click here
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World: SABMiller reports 1% lager volumes decline and 3% group net producer revenue in Q1 to June 30
...Click here
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Russia: First-half beer production declines by 8.6%
...Click here
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India: United Breweries reports 4.68% decline in April-June net profit
...Click here
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Spain: Heineken Spain’s profit soars 4.4% last year
...Click here
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USA: This year’s malting barley crop could be the best in several years
...Click here
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Denmark & Sweden: Barley crop may reach 2.9 mln tons in Denmark and 1.5 mln tons in Sweden
...Click here
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Poland: Barley crop affected by dry conditions in north and nortwest
...Click here
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India: United Breweries expects 6-7% growth this fiscal
...Click here
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Asia: Thailand moves further in countering growing demand for alcohol
...Click here
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Singapore & Myanmar: Dispute between two stakeholders in Myanmar Brewery set to go on even longer
...Click here
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Malawi: Forensic auditors uncover huge ‘cashgate’ at Carlsberg Breweries Malawi Ltd.
...Click here
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India: United Breweries appoints new managing director
...Click here
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Graph of the week
Table of the week
Russia Barley Supply & Demand
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
So what is the difference between seeded and unseeded hops?
ABSTRACT
Most of the hops available today are unseeded. However in the UK you will still find male hop plants in the hop gardens. Brewers would like to know if the presence of seeds in hops has an impact on brewing characteristics (for the good or bad). This German team of researchers have now found that neither foam characteristics nor the hop oil composition was affected in brewing trials comparing seeded and unseeded hops, but what proved to be different was the beta-glucosidase activity (higher with unseeded hops). This might eventually have an impact on the aroma development overtime with the release of bound aroma compounds in the finished beers.
Read more
Source: Barth Innovations
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These Days in Business History
23 July
1829 - William Burt patented a forerunner of the typewriter
1886 - Gottlieb Daimler (1834-1900) invented the car
24 July
1847 - Richard M. Hoe patented the rotary type printing press, NYC
1938 - Instant coffee invented
1987 - IBM-PC DOS Version 3.3 (updated) released
25 July
1946 - 1st bikini is shown at a Paris fashion show
1978 - The world's first test-tube baby, Louise Joy Brown, was born in Lancashire, England
1984 - Cosmonaut Svetlana Savitskaya became 1st woman to walk in space
26 July
1656 - Rembrandt declares he is insolvent
1835 - 1st sugar cane plantation started in Hawaii
1908 - FBI founded
Agenda
July 2015:
01-04: Ollesummer 2015 (Tallinn, Estonia)
09-12: Artbeerfest 2015 (Caminha, Portugal)
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)
24-26: Stockholm Beer & Whisky Festival 2015 (Stockholm, Sweden)
October 2015:
01-03: Stockholm Beer & Whisky Festival 2015 (Stockholm, Sweden)
November 2015:
10-12: Brau Beviale 2015 (Nuremberg, Germany)
More events are available on site e-malt.com
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Malt News
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EU: German maltsters east of the Rhine and the Balkans are not doing so well as West and North European malt industries
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The West and North European malt industries have done well in the crop year 2014/15. Regrettably the situation is not the same in Germany
...More info on site
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Brewery News
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World: SABMiller reports 1% lager volumes decline and 3% group net producer revenue in Q1 to June 30
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SABMiller plc on July 23 issued its trading update for the group’s first quarter ended 30 June 2015.
Alan Clark, Chief Executive of SABMiller, said:
“Both
...More info on site
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Russia: First-half beer production declines by 8.6%
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Russia’s beer output (including beer with alcohol content of 0.5-8.6%) amounted to 8.01 mln hl in June 2015, Rosstat reported earlier this week.
In January-June,
...More info on site
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India: United Breweries reports 4.68% decline in April-June net profit
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United Breweries Ltd (UBL) on July 23 reported 4.68 per cent decline in net profit at Rs 122.81 crore for the first quarter ended
...More info on site
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Spain: Heineken Spain’s profit soars 4.4% last year
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Beer manufacturer Heineken Spain has seen its profits soar in the last year with a 4.4% rise to just under €1 billion, News.gnom.es reported
...More info on site
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India: United Breweries expects 6-7% growth this fiscal
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United Breweries (UB) expects a 6-7 percent growth this fiscal, though beer market has shrunk due to pricing issues since past 2 years, says
...More info on site
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Asia: Thailand moves further in countering growing demand for alcohol
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Thailand will ban alcohol sales near universities and technical colleges, putting the nation at the forefront of efforts in Asia to curb consumption, Bloomberg reported on July 23.
Under amendments to the Alcohol Control Act endorsed by the government on July 22 and to be implemented nationwide late next month, bars, clubs and retailers will be prohibited from selling alcoholic beverages within a 300-meter (328 yards) radius of colleges. The measures are aimed at promoting a healthy lifestyle and tackling alcohol-related problems, including underage sex, the Ministry of Public Health said.
Thailand is moving further than other governments in countering growing demand for alcohol in Asia and the Pacific, the fastest-growing beer market for brewer Heineken NV. The World Health Organization has called for a 10 percent reduction in the harmful use of alcohol by 2025 from 2010 levels, implicating it in more than 200 diseases and injury conditions that the UN agency says kill about 3.3 million people a year.
“Thailand has the strongest tradition of trying to curb alcohol consumption and reduce alcohol-related harms,” said Juergen Rehm, professor and chair of addiction policy at the University of Toronto’s Dalla Lana School of Public Health.
Thailand’s government has a taxation mechanism that “enables
...More info on site
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Singapore & Myanmar: Dispute between two stakeholders in Myanmar Brewery set to go on even longer
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A lengthy dispute between the two stakeholders in Myanmar Brewery (MBL) is set to go on even longer with the parties in conflict over the amount to be paid for Fraser & Neave (F&N)'s stake in the firm, Straits Times reported on July 23.
An independent valuer said on July 21 that the fair value of F&N's holding is estimated to be 500 billion kyat (S$586 million). The valuer's report was welcomed by the other stakeholder, Myanma Economic Holdings (MEHL).
But MEHL said on July 22 that it disagrees with F&N's position that the sale should take place in United States dollars according to the 2013 exchange rate.
F&N estimates this to be US$560 million (S$765 million).
"MEHL stands ready and willing to conclude the sale and purchase of F&N's stake in MBL at 500 billion kyat within the 30-day period ordered by the arbitral tribunal," MEHL director Nay Wynn said.
MEHL had started legal proceedings against F&N after Thai tycoon Charoen Sirivadhanabhakdi won control of the drinks-and-property conglomerate in a US$11 billion deal in 2013.
A court ruled that MEHL, which holds a 45 per cent stake in MBL, is entitled to buy F&N's 55 per cent share, after MEHL argued that its partner breached
...More info on site
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Malawi: Forensic auditors uncover huge ‘cashgate’ at Carlsberg Breweries Malawi Ltd.
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Forensic auditors have uncovered a huge 'cashgate' amounting to more than K5.2 billion at Malawi's giant brewery, Carlsberg Brewery Malawi Limited, AllAfrica reported on July 13.
The scandal has led to the suspension of Carlsberg Malawi Financial Controller Geobra Kamanga, his deputy Austin Phiri and Ezzra Njobvu (Procurement Manager) who are suspected to have colluded to defraud the company.
According to Nyasa Times sources, the forensic experts who include one from the Federal Bureau of Investigations (FBI) uncovered the fraud mainly through purchase of raw materials like sugar and compromised procurement of raw materials and services.
"It was a network of people and this has been happening for a long time and that is why the figure is huge," said a source privy to the investigation.
He added, "This could be one of the most complicated white collar crimes in Malawi so far and it was only because of these foreign investigators that the fraud was unearthed."
A Carlsberg Malawi official who did not want to be named said some big gurus at the company became suspicious of Kamanga when he 'mysteriously' missed his flight to Hong Kong two weeks ago where he was going for a Board meeting together with some bosses.
"It was suspicious
...More info on site
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India: United Breweries appoints new managing director
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United Breweries Ltd, the maker of India's top beer brand Kingfisher, has elevated Shekhar Ramamurthy as the new managing director of the company with effect from August 1, 2015, it said in a stock market disclosure.
Ramamurthy was serving as the joint president since 2012 and will replace Kalyan Ganguly, 64, who is retiring and may pursue other interests.
An alumnus of Harvard Business School, Ganguly has worked with UB group for around 36 years. He started his career with Reckitt & Colman India Ltd and subsequently in 1979 joined the Spirits Division of the UB Group.
At the group, he handled various assignments in sales and marketing and prior to his transfer to the Breweries Division, he was head of sales & marketing at the Spirits Division.
On the other side, Ramamurthy has been with UB group for about 26 years. Prior to taking over as joint president three years ago, he served as deputy president of sales, marketing and operations since October 2007.
Ramamurthy is an IIT Delhi alumnus and holds an MBA from IIM Calcutta.
Meanwhile, the company has appointed Frans Erik Eusman as an additional director on the board of the company. Eusman recently took over as the president
...More info on site
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Barley News
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USA: This year’s malting barley crop could be the best in several years
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This year’s malting barley crop in the US could be the best in several years according to several sources, and that good crop could
...More info on site
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Denmark & Sweden: Barley crop may reach 2.9 mln tons in Denmark and 1.5 mln tons in Sweden
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Recent crop estimates of spring barley in Denmark range from 2.7 to 2.9 mln tons, in Sweden around 1.5 mln tons, H. M. Gauger
...More info on site
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Poland: Barley crop affected by dry conditions in north and nortwest
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In early June, Poland’s Central Statistical Office (Polish: Główny Urząd Statystyczny; GUS) forecast plantings of 645,000 ha of spring barley, private sources put the
...More info on site
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 Hops News
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World: World hop acreage up 3.3% last year
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For the first time in four years, world hop acreage increased relative to the previous year, the Barth-Haas Group said in its annual report.
...More info on site
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