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E-Malt.com Flash 27a
July 04 - July 06, 2016
Quote of the Week
Everything you want is out there waiting for you to ask. Everything you want also wants you. But you have to take action to get it.
Jules Renard
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Currency Rates
Base Currency: Euro
on July 06, 2016 |
Base Currency: US Dollar
on July 06, 2016 |
| |
1 EUR = 1.1146 USD
1 EUR = 0.8500 GBP
1 EUR = 1.4418 CAD
1 EUR = 1.4902 AUD
1 EUR = 113.5000 JPY
1 EUR = 3.6655 BRL
1 EUR = 71.6327 RUB
1 EUR = 7.4379 CNY
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1 USD = 0.8987 EUR
1 USD = 0.7598 GBP
1 USD = 1.2909 CAD
1 USD = 1.3339 AUD
1 USD = 101.9100 JPY
1 USD = 3.2851 BRL
1 USD = 64.2676 RUB
1 USD = 6.6705 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| July 06, 2016 |
| Type |
Crop 2016 |
| EUR |
% |
| 2rs Barley |
179.50-181.50 | |
| 6rw Barley |
159.00-161.00 | |
| 2rs Malt |
375.00-377.00 | |
| 6rw Malt |
350.00-352.00 | |
| Feed Barley |
133.00-135.00 | |
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: China Resources Beer Holdings Co. to raise $1.2 bln in share sale to help finance purchase of remaining stake in its venture with SABMiller
...Click here
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Brazil: June beer production falls to the lowest monthly level since 2012
...Click here
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USA & Canada: Molson Coors Brewing focused to improve beer volume through expanding above premium category
...Click here
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World: Barley output prospects upgraded but quality in Europe may have been damaged by heavy rains
...Click here
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France: Winter barley crop condition deteriorates again
...Click here
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China: China Resources Beer says AB InBev, SABMiller deal will be cleared by competition authority soon
...Click here
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Tanzania: SABMiller takeover deal not to affect operations in Tanzania
...Click here
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Zimbabwe: Zimbabwe gives green light to AB InBev’s takeover of SABMiller
...Click here
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Mexico: Constellation Brands brewery leaves neighbouring municipality with almost no water, mayor complains
...Click here
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UK: Post-Brexit uncertainty to affect brewing industry among others
...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
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
04 July
1776 - The U.S. declared independence from Great Britain
1876 - 1st public exhibition of electric light in SF
1884 - The Statue of Liberty was presented to the United States in Paris
1886 - 1st scheduled transcontinental passenger train reaches Pt Moody, BC
1952 - Canadain Currency, Mint and Exchange Fund Act allows gold coins of $5, $10, and $20 to be minted
1997 - NASA's Pathfinder space probe lands on the surface of Mars
05 July
1643 - 1st recorded tornado in U.S. (Essex County, Massachusetts)
1841 - Thomas Cook opens 1st travel agency
1922 - 1st general election in Netherlands
1948 - The British government adopts the National Health Service Act
1954 - The BBC broadcasts its first television news bulletin
06 July
1785 - Congress resolves US currency named "dollar" and adopts decimal coinage
1885 - Louis Pasteur successfully tests an anti-rabies vaccine
1886 - Horlick's of Wisconsin offers 1st malted milk to public
1907 - Opening of Brooklands, in England - the world's first purpose-built motor racing circuit
1928 - In New York, the screening of the first film to include sound - 'The Lights of New York'
Agenda
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: China Resources Beer Holdings Co. to raise $1.2 bln in share sale to help finance purchase of remaining stake in its venture with SABMiller
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China Resources Beer Holdings Co. plans to raise HK$9.5 billion ($1.2 billion) in a Hong Kong share sale to help finance the purchase of
...More info on site
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Brazil: June beer production falls to the lowest monthly level since 2012
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Brazil's beer production in June fell to 9.64 million hectolitres (8.2 million U.S. barrels), its lowest monthly level since 2012, as Latin America's largest
...More info on site
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USA & Canada: Molson Coors Brewing focused to improve beer volume through expanding above premium category
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Molson Coors Brewing Company has been witnessing sluggish beer volumes in the U.S. and Canada for quite some time. The company is now focused
...More info on site
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China: China Resources Beer says AB InBev, SABMiller deal will be cleared by competition authority soon
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An executive at China Resources Beer said on July 6 he believes the country’s competition authority is set to clear Anheuser-Busch InBev’s (AB InBev) takeover of SABMiller, City A. M. reported.
“We don’t see any obstacle so far in getting a green light from China authorities,” chief financial officer Tomakin Lai said, reported Reuters. “We are confident that the deal can eventually get approval.”
It is unclear when the Chinese authorities will publish a final decision on the deal.
China Resources Beer also said on July 5 it is seeking to raise $1.2 bln in a discounted Hong Kong share sale to part-fund the purchase of SABMiller’s stake of their CR Snow joint venture.
China and the US are the two major markets that still have to clear the takeover, dubbed Megabrew, which will be the largest British corporate merger if it occurs later this year.
"We continue to engage proactively with the relevant authorities in China to address their concerns in order to obtain the necessary clearances as quickly as possible," an AB InBev spokesperson told City A.M.
Last week, AB InBev said it was “well on track” to close the £71 bln deal in the second half of 2016 after the South African competition
...More info on site
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Zimbabwe: Zimbabwe gives green light to AB InBev’s takeover of SABMiller
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Zimbabwe has given the green light to SABMiller’s merger deal with AB InBev, but has set conditions such as maintaining farmers’ contracts and maintenance of production of local brands.
SABMiller controls Zimbabwean listed biggest brewer and manufacturer of soft drinks, Delta Corporation, Creamer Media’s Engineering News reported on July 5.
Delta Corporation also owns a significant interest in Afdis, in which Distell also has shares. Afdis manufactures wines, spirits and ciders and is a value proposition for Delta as consumers switch to cheaper alternatives such as spirits.
“I wish to advise that the examination of the … merger has been finalised and the Commission approved the transaction … with conditions,” said Zimbabwe’s Competition and Tariff Commission acting director, Ellen Ruparanganda, in a letter to Delta Corporation and AB InBev dated July 1.
“Approval of the proposed transaction is subject to certain conditions concerning the business operations of Delta,” said Ruparanganda.
The letter cautioned against possible retrenchments at the Zimbabwean listed brewer as one of the conditions for approval of the merger deal.
It also listed that Delta be able to maintain its contract farming arrangements in Zimbabwe for the production and supply of sorghum and malt. New owners AB InBev also have to make sure that
...More info on site
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Tanzania: SABMiller takeover deal not to affect operations in Tanzania
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SABMiller, the world's second-largest brewer trading as Tanzania Breweries Limited (TBL) in Tanzania, has assured Tanzanians that the takeover of the company by AB InBev will not affect operations in Tanzania, AllAfrica reported on July 1.
In an interview with the 'Daily News' in Dar es Salaam on June 30, SABMiller Africa Environment Manager, Muzi Chonco, said the sale of SABMiller's stake was a normal cycle of corporate groups in the world.
Mr Chonco who is in the country to, among other things, oversee operations of TBL, assured employees that the company's acquisition should not be perceived negatively, instead, it should be taken as a normal issue because even SABMiller which is the second-largest brewer became big after acquiring other companies.
On June 30, the South Africa's Competition Tribunal approved the blockbuster buyout of SABMiller by the world's top brewer AB InBev, subject to conditions, paving the way towards completion of the huge deal.
The company is scaling up its globally-recognised sustainable development programmes with a set of ambitious new targets to achieve by 2020. The business, which is recognised as a leader in embedding sustainability into its operations, intends to reduce carbon foot print, improve food security as well as achieve a world-class
...More info on site
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Mexico: Constellation Brands brewery leaves neighbouring municipality with almost no water, mayor complains
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Americans love Mexican beer. The US imports more beer from its neighbor to the south than all other importers put together, and Corona is the country's fifth best-selling beer, the Wall Street Journal reported in 2015. But the mayor of the municipality of Zaragoza just south of the US border says a brewery there—which produces Corona among other beers and was bought by US firm Constellation Brands in 2013—is sucking so much water from the region's already dry wells that it has left the area bone dry. "WE HAVE NO WATER FOR HUMAN CONSUMPTION," he writes in a single-sentence letter to the Coahuila state governor, and tells the Guardian there's "barely a drop of water when you open the tap."
The beer produced by the brewery is exported to the US, and Constellation Brands in June 2015 announced a $2 billion investment to expand the facility, Reuters reported. Its aim: to produce and fill 20 million bottles of beer a day by 2017.
In comments to the Guardian, a rep for the brewery dismissed the mayor's comments, saying the local aquifer is replenished at rate greater than that at which the brewery removes beer from it. He also asserted that Zaragoza
...More info on site
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UK: Post-Brexit uncertainty to affect brewing industry among others
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While US brewery stocks have seen a slight stabilisation, steadying itself along with the rest of the market, British breweries may not enjoy the same fortune, despite a slight rally with the pound sterling in the wake of last month’s landmark decision to leave the European Union, the Drinks Business reported.
Should Article 50 be activated by Westminster, it will spark an exceedingly uncertain two years for the UK, and this affects the beer industry, too, according to Forbes.
With the Sterling low, and likely to stay that way for some time, English beer will be cheap to buy to the rest of Europe. However, a new tariff structure could bring down the cost of some imports into the UK while it raises the prices for others.
As part of the free trade agreement, EU members aren’t required to pay tariffs on goods that come from inside the EU. Once Britain makes its exit, it will be free to drop the EU-mandates that they had currently been adhering to. That means good coming from outside the EU could be reduced or even scrapped of tax altogether, while goods from within the EU may now be charged for.
The EU will almost definitely place tariffs
...More info on site
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Barley News
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World: Barley output prospects upgraded but quality in Europe may have been damaged by heavy rains
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Prospects for global barley production have been upgraded, thanks to much needed grains across key growing areas, Agrimoney.com reported on July 4.
But those heavy
...More info on site
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France: Winter barley crop condition deteriorates again
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The condition of cereal crops in France deteriorated again last week, farm office FranceAgriMer said on July1, suggesting crops were continuing to suffer from
...More info on site
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