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E-Malt.com Flash 09a
February 29 - March 02, 2016
Quote of the Week
Wherever you go, no matter what the weather, always bring your own sunshine.
Anthony J. D'Angelo
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Currency Rates
Base Currency: Euro
on March 02, 2016 |
Base Currency: US Dollar
on March 02, 2016 |
| |
1 EUR = 1.0872 USD
1 EUR = 0.7780 GBP
1 EUR = 1.4699 CAD
1 EUR = 1.5196 AUD
1 EUR = 122.9400 JPY
1 EUR = 4.3519 BRL
1 EUR = 80.5333 RUB
1 EUR = 7.1230 CNY
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1 USD = 0.9197 EUR
1 USD = 0.7169 GBP
1 USD = 1.3497 CAD
1 USD = 1.3984 AUD
1 USD = 113.0400 JPY
1 USD = 3.9917 BRL
1 USD = 74.0536 RUB
1 USD = 6.5535 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| March 02, 2016 |
| Type |
Crop 2015 |
Crop 2016 |
| EUR |
% |
EUR |
% |
| 2rs Barley |
165.00-167.00 |  0.60% |
182.00-184.00 |  |
| 6rw Barley |
145.00-147.00 | |
155.00-157.00 | |
| 2rs Malt |
355.00-357.00 | 0.19% |
373.00-375.00 | |
| 6rw Malt |
330.50-332.50 |  0.17% |
340.00-342.00 | |
| Feed Barley |
135.00-137.00 | 1.45% |
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.
China: AB InBev agrees to sell SABMiller’s Chinese beer business to China Resources Beer Holdings Co.
...Click here
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Brazil: Beer production down in February and in January-February this year
...Click here
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The Czech Republic: Beer export hits record figure in 2015
...Click here
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Thailand: ThaiBev reports 22% increase in FY2015 earnings
...Click here
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Malaysia: Carlsberg Brewery Malaysia Bhd’s net profit up 18.36% in Q4 2015
...Click here
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Jamaica: Red Stripe’s earnings jump 35% in the quarter to December 2015
...Click here
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Italy: Craft beer sector booming in Italy with 1,000 craft beer establishments registered at the end of last year
...Click here
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India: United Breweries commences supply of beer from Rajasthan brewery acquired in 2014
...Click here
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India: United Spirits to continue pursuing recovery of loans worth Rs 1,337 crore from United Breweries Holdings
...Click here
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UK: Heineken launching tequila-flavoured beer Desperados on draft
...Click here
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UK: Pub bosses accusing big breweries of failing to pass on lower production costs to consumers
...Click here
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Graph of the week
Table of the week
UK Beer Sales by Distribution Channel 2000 - 2015
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
29 February
1504 - Columbus uses a lunar eclipse to frighten hostile Jamaican Indians
1908 - Dutch scientists produce solid helium
1988 - As the junk-bond fueled takeover craze nears its peak, Wall Street has one of its biggest deal-days of all time
2012 - Tokyo Skytree construction completed. Now it is the tallest tower in the world, 634 meters high, and second tallest (man-made) structure on Earth, next to Burj Khalifa
01 March
1867 - Howard University chartered, Washington D.C
1927 - Bank of Italy becomes a National Bank
1947 - International Monetary Fund begins operation
02 March
1809 - The earliest known bank failure in the U.S. is reported when the Farmers Exchange Bank of Glocester, R.I., goes bust after issuing $800,000 in fraudulent loans against total capital of $45
2000 - Wall Street creates what may be the most worthless company of all time. 3Com Corp. spins off 23 million shares of Palm, Inc. on NASDAQ at an initial price of $38
2000 - Shares in MicroStrategy Inc., a hot software consulting firm, fall from $246.75 to $86.75 in a single day as chairman Michael Saylor announces that the company will have to slash its reported revenues and earnings for the past two years
Agenda
March 2016:
01-03: ProPak Vietnam 2016 (Ho Chi Minh City, Vietnam)
04-06: Barcelona Beer Festival 2016 (Barcelona, Spain)
07-09: VLB Brewing and Engineering Conference 2016 (Soest, Germany)
09-12: Brazilian Beer Festival 2016 (Blumenau, Brazil)
12: Festival de Cerveza Artesanal 2016 (San Jose, Costa Rica)
14-18: IBD Asia Pacific Convention 2016 (Sydney, Australia)
16-18: BeerX 2016 (Sheffield, UK)
16-18: Expo Antad & Alimentaria Mexico 2016 (Mexico City, Mexico)
23-25: St. Petersburg Brewers Forum 2016 (St. Petersburg, Russia)
April 2016:
03-07: Trends in Brewing 2016 (Ghent, Belgium)
07-09: Warsaw Beer Festival 2016 (Warsaw, Poland)
13-15: Siberian Beer 2016 (Novosibirsk, Russia)
15-16: Helsinki Beer Festival 2016 (Helsinki, Finland)
23-24: Zythos Beer Festival 2016 (Leuven, Belgium)
May 2016:
03-06: Craft Brewers Conference & BrewExpo America 2016 (Philadelphia, USA)
17-20: Beer (Pivo) 2016 (Sochi, Russia)
18-19: Brewing Equipment and Technology 2016 (Birmingham, UK)
19-21: Copenhagen Beer Festival 2016 (Copenhagen, Denmark)
20-18 June: Great Australian Beer Spectacular (GABS) 2016 (Melbourne - Sydney - Auckland, Australia)
25-29: Latvia Beer Fest 2016 (Riga, Latvia)
June 2016:
08-12: Mondial de la Biere 2016 (Montreal, Canada)
09-11: South Beer Cup 2016 (Curitiba, Brazil)
14-16: Shanghai International Brew & Beverage Manufacturing Technology and Equipment 2016 (Shanghai, China)
July 2016:
02: Beer Boot Camp 2016 (Johannesburg, South Africa)
07-10: Artbeerfest 2016 (Caminha, Portugal)
09: Beer Boot Camp 2016 (Cape Town, South Africa)
13-15: ProPack China 2016 (Shanghai, China)
August 2016:
05-07: The 20th International Berlin Beer Festival (Berlin, Germany)
09-13: The Great British Beer Festival 2016 (London, UK)
10-13: Vietfood & Beverage - ProPack 2016 (Ho Chi Minh, Vietnam)
13-17: World Brewing Congress 2016 (Denver, USA)
September 2016:
08-10: Irish Craft Beer Festival 2016 (Dublin, Ireland)
14-15: Food and Drink Technology Africa 2016 (Johannesburg, South Africa)
19-03 October: Oktoberfest 2016 (Munich, Germany)
24-25: Whisky Live Paris 2016 (Paris, France)
26-28: VLB Ibero-American VLB Symposium 2016 (Santiago de Chile, Chile)
28-30: Beer and Soft Drinks Industry - 2016 (Kyiv, Ukraine)
29-01 October: Stockholm Beer & Whisky Festival 2016 (Stockholm, Sweden)
October 2016:
06-08: Stockholm Beer & Whisky Festival 2016 (Stockholm, Sweden)
06-08: Great American Beer Festival 2016 (Denver, USA)
08-10: Brouwplus 2016 (Antwerp, Belgium)
11-14: China Brew, China Beverage 2016 (Shanghai, China)
21-23: The Finest Spirits & Beer Convention 2016 (Bochum, Germany)
November 2016:
08-10: Brau Beviale 2016 (Nuremberg, Germany)
09-12: Vietfood & Beverage - ProPack 2016 (Hanoi, Vietnam)
December 2016:
15-17: drink technology India 2016 (Mumbai, India)
More events are available on site e-malt.com
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Brewery News
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China: AB InBev agrees to sell SABMiller’s Chinese beer business to China Resources Beer Holdings Co.
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Anheuser-Busch InBev NV said it has agreed to sell SABMiller PLC’s Chinese beer business to China Resources Beer Holdings Co., as the Belgian brewer
...More info on site
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Brazil: Beer production down in February and in January-February this year
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Brazil’s beer output declined by 2.91% in February as compared to the same month last year, a report by Sicobe said on March 1.
A
...More info on site
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The Czech Republic: Beer export hits record figure in 2015
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While Czechs’ beer consumption dropped slightly in recent years producers are not worried. In the past two years, exports have steadily increased, hitting record
...More info on site
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Thailand: ThaiBev reports 22% increase in FY2015 earnings
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Thai Beverage PLC (ThaiBev)’s earnings for FY15 soared 22% YoY to THB26.5 bln, thanks to a THB3.8 bln gain from its parting of ways
...More info on site
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Malaysia: Carlsberg Brewery Malaysia Bhd’s net profit up 18.36% in Q4 2015
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Carlsberg Brewery Malaysia Bhd saw its net profit increase by 18.36% to RM74.48 million for the fourth quarter ended Dec 31, 2015, compared with
...More info on site
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Jamaica: Red Stripe’s earnings jump 35% in the quarter to December 2015
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Red Stripe's earnings jumped 35 per cent above year-earlier levels during the three months to December 2015, The Gleaner reported on March 2.
The report
...More info on site
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Italy: Craft beer sector booming in Italy with 1,000 craft beer establishments registered at the end of last year
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Craft beer consumption in Italy has tripled since 2012, reaching 17.5 million hectolitres in 2014, according to figures published by the Brewers Union (Unionbirrai).
This equals to a per capita consumption of 30 litres per year, compared with a European average of 80 litres. Overall, consumption of craft beers in Italy is now equal to 3 per cent of total beer consumption.
At the end of 2015, there were 1,000 craft beer establishments, including microbreweries, beer firms and brewpubs, compared to 872 in 2014.
Microbreweries (540 are currently registered, of which 494 fully active) are direct production plants, while beer firms (260) are structures that do not have their own factories, but that produce craft beer at third-party plants.
New technologies are also giving a boost to the sector, with business incubator Digital Magics launching WeBeers, an e-commerce platform that enables fans to buy their favourite beers with discounts and 48-hour delivery.
In addition, the service offers tips and advice on how to enjoy the beers proposed on the portal, as well as news from the Italian brewers.
However, high taxes remain the main challenge for the sector. According to the union, from January 2003 to January 2015, excise taxes grew by 117 per cent, one
...More info on site
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India: United Breweries commences supply of beer from Rajasthan brewery acquired in 2014
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United Breweries (UBL) has commenced supply of beer from a brewery in Rajasthan it acquired in 2014, profit.ndtv.com reported on February 27.
In a BSE filing, United Breweries said it has commenced "supplies of beer upon commissioning of the company's brewery located at Shahjahanpur, Rajasthan".
In September 2014, UBL had acquired brewery assets of Pacific Spirits Pvt Ltd for Rs 105 crore.
The deal involved acquisitions of assets such as land, building and plant/equipment of Pacific Spirits with its brewery at Shahjahanpur in Alwar, Rajasthan.
At the time of the deal, UBL had said: "The company will be able to expand its production capacity in Rajasthan to cater to the expected further growth in the market... The company will further invest to make the brewery operational before the coming season. This acquisition will also create additional employment opportunities in the vicinity upon the brewery becoming operational."
Earlier this week, UBL promoter Mallya resigned as chairman of United Spirits.
Mallya's exit from the board of United Spirits ended a long-drawn tussle between him and the majority owner, UK's Diageo, following allegations of irregularities on loans given to UB Group companies.
United Breweries sells its products under the brand name Kingfisher Premium,
...More info on site
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UK: Heineken launching tequila-flavoured beer Desperados on draft
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Heineken has announced a new Wild Blueberry and Lime flavour of its Bulmers cider and revealed tequila-flavoured beer Desperados will be available on draft for the first time, The Morning Advertiser reported on March 1.
Desperados is the UK’s fourth biggest packaged lager brand and is targeted at a twenty-something audience.
A new ‘schooner-style’ glass is being introduced to support the launch on draught which, at two thirds the size of a pint, aims to help operators to boost their profit margins. The launch is further supported with branded bar runners and a striking illuminated steel font, which helps create strong standout at the bar.
Andrew Turner, category and trade marketing director at Heineken, said: “With the popularity of flavoured beers continuing to rise alongside consumer demand for a more premium drinking experience, we’re delighted to be launching Desperados on draught.
“With this new format, we are aiming to give our customers the opportunity to provide a wider choice to pub-goers, helping customers to grow their profit margins incrementally. The new font looks great and is certainly going to catch the eye of consumers on entering the bar, so we’re confident that this format will further increase the popularity of Desperados and help
...More info on site
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UK: Molson Coors joins calls to cut beer duty
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Calls to cut beer duty in the UK for a fourth time in a row have been backed by a major UK brewer, Burton Mail reported on March 2.
Bosses at Molson Coors have called on Chancellor George Osborne to slash the beer duty in the budget later this month.
Frederic Landtmeters, managing director UK and Ireland at Molson Coors, told the Mail that he wanted to see another cut take place.
He said: "The beer and pub industry plays a vital role in the UK economy, contributing £22 billion to the UK and supporting almost 900,000 jobs.
"Three successive beer duty cuts have provided our industry with a much-needed boost and we would urge the Government to continue supporting this important UK industry by further reducing beer duty.
"People can show their support for a pint by writing to their local MP and asking them to back beer duty cuts."
The potential cut has the backing of more than 50 MPs who have all signed a motion led by the British Beer and Pub Association (BBPA) to cut the duty once again.
Currently, drinkers in Britain pay 52p in duty per pint in comparison to those in Germany where the duty is only 4p a pint.
Nearly
...More info on site
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UK: Pub bosses accusing big breweries of failing to pass on lower production costs to consumers
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Bitter pub bosses are accusing big breweries of ripping off beer drinkers by failing to pass on lower production costs.
The bosses hit out as three giant brewers said ale and lager prices would rise, though ingredients and delivery are cheaper, the Sunday People reports.
They say Britain’s major beer firms have cynically put 10p on a pint while also demanding the Chancellor cut beer duty in next month’s Budget.
Meanwhile, the Campaign for Real Ale’s latest figures show an average of 27 pubs shut a week, hit by changes in drinking habits, supermarket competition and the smoking ban.
An open letter to George Osborne from eight pub operators complain of “unjustified” price hikes and say brewers have not passed on previous 1p a pint cuts in duty.
“You will have no doubt spotted the trick here,” it said. “Brewers impose increases every January and then ask the Government to reduce duty in March to mitigate the outcry.
“If they really cared about jobs in the sector – and if they really had any influence over it – they would be holding or reducing prices.
“Worse still, they’re not saving a single pub with their actions. None of the duty cuts are making their way into voters’
...More info on site
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Whisky News
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India: United Spirits to continue pursuing recovery of loans worth Rs 1,337 crore from United Breweries Holdings
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Diageo-controlled United Spirits on Feburary 26 said it will continue to pursue recovery of loans worth Rs 1,337 crore from its erstwhile promoter group firm United Breweries Holdings (UB Holdings) through "dialogue or other legal means", dnaindia.com reported.
This move comes a day after embattled liquor baron and United Spirits's chairman Vijay Mallya resigned from the post and Diageo agreeing that Mallya will have no "personal liability" to the UK-based company in relation to the findings of alleged financial irregularities at the company that had triggered an acrimonious fight between them.
"We will continue to pursue all possible routes, dialogues or other legal means, to recover our dues. Through this agreement, it has been decided that the company will not go after Mallya personally but will do it with legal entities," United Spirits (USL) MD and CEO Anand Kripalu told analysts in a conference call.
Diageo on February 26 said that it has "agreed to pay $75 million (nearly Rs 515.48 crore) to Mallya in consideration for his resignation and termination of his appointment and governance rights and his relinquishing of the rights and benefits attached to his position as Chairman and Non-executive Director, among other factors".
When asked about the $75 million (nearly
...More info on site
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