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E-Malt.com Flash 24b
June 16 - June 19, 2016
Quote of the Week
Never give in - never, never, never, never, in nothing great or small, large or petty, never give in except to convictions of honour and good sense.
Winston Churchill
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Currency Rates
Base Currency: Euro
on June 17, 2016 |
Base Currency: US Dollar
on June 17, 2016 |
| |
1 EUR = 1.1174 USD
1 EUR = 0.7903 GBP
1 EUR = 1.4530 CAD
1 EUR = 1.5212 AUD
1 EUR = 116.6500 JPY
1 EUR = 3.8943 BRL
1 EUR = 74.2460 RUB
1 EUR = 7.3593 CNY
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1 USD = 0.8900 EUR
1 USD = 0.7059 GBP
1 USD = 1.2962 CAD
1 USD = 1.3567 AUD
1 USD = 104.6000 JPY
1 USD = 3.4731 BRL
1 USD = 65.8618 RUB
1 USD = 6.5854 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| June 17, 2016 |
| Type |
Crop 2015 |
Crop 2016 |
| EUR |
% |
EUR |
% |
| 2rs Barley |
157.00-159.00 |  |
179.00-181.00 |  1.12% |
| 6rw Barley |
148.00-150.00 | |
157.00-159.00 | 0.64% |
| 2rs Malt |
347.00-349.00 | |
369.50-371.50 | 0.67% |
| 6rw Malt |
336.00-338.00 | |
342.50-344.50 | 0.36% |
| Feed Barley |
140.00-142.00 |  1.40% |
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: Premium spirits market shows growth while global beer consumption declines last year
...Click here
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India: United Breweries shares fall amid speculation Vijay Mallya may step down and sell his stock
...Click here
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World: Barley shipments in July/March total 23 mln tonnes vs full crop year forecasts of around 28 mln tonnes
...Click here
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Canada & USA: Canada’s barley production forecast to increase, US to decline next season
...Click here
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Canada: Consistent demand from craft brewers means solid malting barley contract prices and increased barley acreage
...Click here
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Australia: Barley output forecast to increase by 5% next crop year
...Click here
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Russia: Russian barley export declines in April 2016
...Click here
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Botswana: Sechaba Brewery Holdings records 7.8% increase in profit for FY to March 31
...Click here
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USA: MillerCoors wins dismissal of lawsuit claiming brewer tricked consumers into paying premium prices for Blue Moon as “craft beer”
...Click here
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Graph of the week
Table of the week
North America Barley Import, Production, Consumption, and Ending Stocks
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
PLAYING WITH EXTRACTION PARAMETERS TO GET THE RIGHT FLAVOR
ABSTRACT
CO2 is a very potent in extracting basically anything you need
from hops. This UK research team worked with different conditions
including liquid and supercritical CO2, as well as the addition of
other solvents, e.g. ethanol, to extract the many important aroma
fractions from hops. Each hop variety yields distinct oil fractions
and a combination of different varieties and fractions can of course
contribute to a wide portfolio of products. Also, the processing
of aged hops is feasible and possible undesirable flavours may be
eliminated in the process.
Marriott, R.: Fractionation of hop oils using CO2, oral presentation at the Trends in Brewing Conference, April 2016, Ghent.
Read more
Source: Barth Innovations
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These Days in Business History
16 June
1903 - Pepsi Cola Company forms
1903 - Ford Motors incorporates
1911 - IBM founded as the Computing-Tabulating-Recording Company in Endicott, New York
1963 - 1st woman in space, aboard Vostok 6
1983 - European Space Agency launches European Comm Satellite 1, Oscar 10
17 June
1885 - Statue of Liberty arrived in New York City
1970 - Edwin Land patents Polaroid camera
1988 - Microsoft releases MS DOS 4.0
18 June
1840 - Samuel Morse patents his telegraph
1943 - Congress of Racial Equality (CORE) founded
1948 - .N. Commission on Human Rights adopts International Declaration of Human Rights
2009 - The Lunar Reconnaissance Orbiter (LRO), a NASA robotic spacecraft is launched
19 June
1464 - French King Louis XI forms postal service
1764 - John Barrow is born, founder of Royal Geographical Society
1963 - 1st woman in space returns to Earth
Agenda
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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World: Premium spirits market shows growth while global beer consumption declines last year
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Growth in the premium spirits market indicates a rise in preference for quality over quantity, according to the IWSR 2016 database.
Total spirits grew 0.5% globally in 2015 versus 2014, which equated to an additional 14.1 mln cases. However, excluding growth from national spirits, dominated by baijiu and soju, the market shrank by 8.2 mln cases overall (-0.5%), with significant declines from vodka (-8.6 mln, -1.8%), brandy (-7.3 mln, -3.7%) and flavoured spirits (-4.3 mln, -2.7%).
Premium sprits grew by 6.7 mln nine-litre cases in 2015 versus 2014, a 5% uplift, with the largest-growth categories in the premium segment being whisky, gin, vodka, rum and tequila.
For whisky, the premium-and-above category added 3.9 mln cases between 2014 and 2015 (+7.3%). In comparison, standard whisky grew by 2.5 mln cases (+3.1%). Premium whiskies grew strongest in the US (+2.5 mln, +14.6%), but also saw good growth in France (+169 thousand, +11.0%), the UK (+136 thousand, +7.6%), Canada (+130 thousand, +8.5%) and Mexico (+126 thousand, +10.0%).
The US market is driving growth of premium vodka, rum and tequila, while the UK is the key growth market for premium gin, where a revival of the gin and tonic trend and a growing range of craft gins continues
...More info on site
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India: United Breweries shares fall amid speculation Vijay Mallya may step down and sell his stock
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Shares of United Breweries Ltd fell by over 2 per cent on June 16 amid intense speculation that its Chairman Vijay Mallya may have to step down soon and sell his shares due to tightening of noose by markets regulator Sebi, MSN.com reported.
Mallya-led UB Group is already being probed by Sebi for suspected violation of various securities markets regulations including about disclosure and related party transactions, while a 'wilful defaulter' tag has made it difficult for the beleaguered businessman to continue on boards of listed firms.
The shares of United Breweries Ltd, where the UB Group no more has majority stake but remains a co-promoter along with global giant Heineken group, slumped 2.11 per cent to settle at Rs 745.35 on BSE.
Intra-day, it slipped as much as 2.67 per cent to Rs 741, as market was rife with speculation that a board meeting could be held soon where Mallya would be asked to leave.
On NSE, it fell by 2.44 per cent to close at Rs 743.45.
Mallya, who is said to be in London while arrest warrants have been issued for him back home, is said to have attended the last board meeting of the company through video-conferencing after which some directors
...More info on site
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Latvia: January-April beer output down 17.8%
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In the first four months of 2016, beer production in Latvia dropped by 17.8% year-on-year to 0.22 mln hl, the Excise Goods Administration of the Latvian State Revenue Service (VID) said.
Beer imports in the first four months of this year were down 2.68% from the respective period in 2015 to 0.26 mln hl.
In the first four months of 2016, Latvia exported 31.1 thousand hl of beer, which was an 18.23% decline from January-April 2015.
A total of 0.86 mln hl of beer was produced in Latvia in 2015, which is a 12% reduction from 2014.
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Botswana: Sechaba Brewery Holdings records 7.8% increase in profit for FY to March 31
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Sechaba Brewery Holdings has recorded a P202 million profit for the year, which is a 7.8 percent increase from the P187 million registered in the prior year, according to the group’s financial results for the year ended March 31, 2016.
The group attributed the increase to a combination of volume growth from clear beer, alcoholic fruit beverages, sparkling soft drinks categories, selective pricing, improved brand, pack mix and focus on production and distribution efficiencies.
According to KBL managing director, Johan de Kok, clear beer, alcoholic fruit beverages and sparkling soft drinks showed growth while traditional beer and non-alcoholic beverages category declined.
BSE-listed Sechaba owns 60% of KBL with the remainder is held by global brewing giants, SABMiller.
“Traditional beer and alcoholic beverages declined due to water and power shortages and the continuing impact of the traditional beer regulations,” said the group MD.
According to KBL, the opaque beer portfolio has suffered sustained challenges in its trading environment as a result of the traditional beer regulations that were implemented in July 2012, which effectively banned the sale of traditional beer in residential areas.
Previously these presented approximately 80% of the trading channels for KBL opaque beer division’s traditional heritage product, Chibuku.
In a period of seven months, the
...More info on site
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USA: MillerCoors wins dismissal of lawsuit claiming brewer tricked consumers into paying premium prices for Blue Moon as “craft beer”
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MillerCoors LLC won the dismissal of a proposed class action lawsuit by a self-described beer aficionado who said the brewing giant tricked consumers into paying premium prices for Blue Moon by falsely portraying it as "craft beer", Reuters reported on June 17
U.S. District Judge Gonzalo Curiel in San Diego said the plaintiff, Evan Parent, did not show MillerCoors affirmatively misrepresented the origins of Blue Moon, a Belgian-style wheat beer, such as by suggesting it is brewed in small tanks and produced in a small brick building run by "The SandLot Guys."
"At best, these advertisements contain generalized, vague and unspecified assertions that amount to mere puffery upon which a reasonable consumer could not rely," Curiel wrote in a decision on June 16.
The judge also found no showing that MillerCoors pressured retailers to put Blue Moon in craft beer displays, and said it was not liable if concert venues, sports venues and restaurant chains such as Applebee's and TGI Friday's decided on their own to call it a craft beer.
Parent is from San Diego, court records show. His lawyers did not immediately respond to requests for comment on June 17.
Marty Maloney, a MillerCoors spokesman, said the Chicago-based company is pleased with the
...More info on site
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Barley News
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World: Barley shipments in July/March total 23 mln tonnes vs full crop year forecasts of around 28 mln tonnes
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Barley shipments in July/March 2015/16 stand at 23 mln tonnes vs. forecasts of 27.5 to 28 mln tonnes for the whole crop year, H.
...More info on site
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Canada & USA: Canada’s barley production forecast to increase, US to decline next season
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Statistics Canada's barley S/D report of May 18 puts the nation’s barley harvested acreage at 2.475 mln ha (2.354 mln last year), production at 8.5 mln tonnes (8.226), domestic use at 6.25 mln (6.143), exports at 2.050 mln (2.050), final stocks at 1.650 (1.4).
H. M. Gauger GmbH analysts reported an interesting comparison: in the 1990/2000 decade, the average acreage was still 4.620 mln ha.
This year's strong increase of lentil and pea production is remarkable. Recent rains have improved conditions in Alberta and Saskatchewan, barley crops will most likely turn out larger.
A large malting barley carry-over from crop 2015 and consequently smaller growing contracts with the industry have reduced the U.S. crop forecast to 4.2 mln tonnes vs. 4.7 a year ago. Soil moisture and therefore growing conditions are considered good.
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Canada: Consistent demand from craft brewers means solid malting barley contract prices and increased barley acreage
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Consistent demand from the craft brewing industry means solid malt barley contract prices for Canadian farmers, which in turn has driven up acres this
...More info on site
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Australia: Barley output forecast to increase by 5% next crop year
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Australia’s barley production is forecast to increase by 5 per cent to 9.0 million tonnes in 2016-17, ABARES said in their June report.
The area
...More info on site
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Russia: Russian barley export declines in April 2016
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In April 2016, Russia exported 206.9 thousand tonnes of barley, which is only about half its export in April 2015 (410.5 thousand) and almost the same volume as in April 2014 (206 thousand), UkrAgroConsult reported.
Since the beginning of the current season barley exports from Russia decreased by 16% to 4107.7 thousand tonnes. Arab countries decreased purchases, but remain key buyers in the Russian barley export structure, as well as in Ukrainian. Turkey lowered imports considerably – to 68 thousand tonnes against 149 thousand in 2014/15. EU countries lowered imports by 34% compared to the previous season (to 101.8 thousand tonnes against 154.2 thousand).
According to UkrAgroConsult’s estimates barley exports from Russia in 2015/16 will decrease to 4.3-4.5 mln tonnes against 5.27 mln tonnes exported in 2014/15.
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 Hops News
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USA: US hop growers to harvest largest-ever crop
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U.S. farmers plan to harvest their largest-ever hops crop, giving craft brewers who are struggling to match surging demand for beers with more aroma and bitterness reason to cheer, Reuters reported on June 15.
Farmers expect to harvest 51,115 acres of hops in 2016, up 17 percent, the U.S. Department of Agriculture (USDA) said on June 10.
"That is certainly good news for us," said Benjamin Li Yu, chief executive of British Columbia-based Russell Breweries Inc. "I hope the increase is giving everyone room to breathe."
The United States and Germany are the world's top growers of hops.
In 2015, sales volume of U.S. craft beer rose 12.8 percent domestically and 16.3 percent for exports, while overall U.S. beer sales eased 0.2 percent, according to Brewers Association in Boulder, Colorado.
Small brewers have feared a hops shortage after adverse weather blighted last summer's European harvest. Lager producers such as Anheuser-Busch InBev also use hops, but in smaller amounts.
Craft beer premiums cover rising hops prices, but Li Yu said finding enough supplies has been the biggest challenge.
MillerCoors, owned by SABMiller and Molson Coors Brewing Co, has absorbed higher hops costs for some beers, like Blue Moon, said Warren Quilliam, senior director of brewing, malting and materials.
...More info on site
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Germany: Hop acreage up 4% this year
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According to official data, total 2016 hop acreage in Germany has been expanded by approx. 750 ha (+4%), totalling approx. 18,600 ha, HVG reported
...More info on site
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