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Flash Summary
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E-Malt.com Flash 34a
August 22 - August 24, 2016
Quote of the Week
Good things happen to those who hustle.
Chuck Noll
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Currency Rates
Base Currency: Euro
on August 24, 2016 |
Base Currency: US Dollar
on August 24, 2016 |
| |
1 EUR = 1.1339 USD
1 EUR = 0.8600 GBP
1 EUR = 1.4625 CAD
1 EUR = 1.4823 AUD
1 EUR = 113.4800 JPY
1 EUR = 3.6146 BRL
1 EUR = 73.4733 RUB
1 EUR = 7.5301 CNY
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1 USD = 0.8828 EUR
1 USD = 0.7592 GBP
1 USD = 1.2913 CAD
1 USD = 1.3094 AUD
1 USD = 100.1800 JPY
1 USD = 3.2042 BRL
1 USD = 64.7684 RUB
1 USD = 6.6439 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| August 24, 2016 |
| Type |
Crop 2016 |
| EUR |
% |
| 2rs Barley |
188.50-190.50 |  0.53% |
| 6rw Barley |
172.00-174.00 |  |
| 2rs Malt |
385.00-387.00 | 0.32% |
| 6rw Malt |
365.00-367.00 | |
| Feed Barley |
139.00-141.00 |  0.72% |
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.
UK: The High Court rules SABMiller shareholders’ vote on the takeover will be split in two
...Click here
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Malaysia: Carlsberg Brewery Malaysia Bhd reports 62% jump in Q2 earnings
...Click here
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Ireland: Beer production up 6% last year, craft beer output rises 550% from 2012
...Click here
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Argentina: AB InBev’s Quilmes brewery to invest 26.9 bln pesos in expansion over the next five years
...Click here
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USA: AB InBev and Craft Brew Alliance expand collaboration
...Click here
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EU: Making beer to got more expensive because of poor barley crop in France and Germany
...Click here
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EU: High malting barley premiums look set to continue elevated
...Click here
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EU: Grain crops good on the Iberian Peninsula and in the eastern Balkans but much of Europe shows a different picture
...Click here
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Australia & China: Australia expects barley crop above 9 mln tonnes, exports to China totalled 2.7 mln tonnes in July/June 2015/16
...Click here
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World: World total grain output expected to slightly increase in 2016/17
...Click here
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UK: Guinness launches rye pale ale within its Brewers Project range
...Click here
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Africa: Three firms hired to distribute Heineken products across East Africa continue legal battle against Dutch brewing giant
...Click here
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South Korea: Oriental Brewery in the grip of labor dispute
...Click here
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Cambodia: Cambrew’s Sihanoukville brewery workers strike escalates and disrupts production
...Click here
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Graph of the week
Table of the week
World Barley Supply and Distribution
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
HOPS DO NOT NECESSARILY
NEED TO TOUCH BEER FOR
DRY HOPPING PURPOSES
ABSTRACT
A German research team that came up with the idea of
extracting hop aroma into beer by applying a combined
desorption/absorption process. The process-dependent
mass transfer was predicted using two different
approaches: a thermodynamic approach, and response
surface modelling. The methods offer the following
advantages: no beer losses, no clarification steps
needed, potential reuse of hops for bittering. Using
response surface methodology was clearly superior
as compared to calculating the mass transfer using
thermodynamic approximations.
Klie, R.: Feasibility and Optimization of a Novel Desorption/ Absorption Process for
Transferring Hop Volatiles into Beer, poster presentation at the Trends in Brewing Conference,
April 2016, Ghent.
Read more
Source: Barth Innovations
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These Days in Business History
22 August
1864 - International Red Cross forms
1901 - Cadillac Co forms
1932 - The BBC first experiments with television broadcasting
1980 - Mount Everest climbed by Italian Reinhold Messner, alone
23 August
1891 - Thomas Edison patents motion picture camera
1904 - Automobile tire chain patented
1939 - Molotov-Ribbentrop pact: East Europe divided between Hitler and Stalin
24 August
1853 - 1st potato chips prepared by Chef George Crum (Saratoga Springs, NY)
1869 - Cornelius Swarthout patents waffle iron
1995 - Windows 95 debuts
Agenda
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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UK: The High Court rules SABMiller shareholders’ vote on the takeover will be split in two
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The shareholder vote on SABMiller’s £79 bln takeover by Stella Artois-owner Anheuser-Busch InBev has been split in two in a move that makes it
...More info on site
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Malaysia: Carlsberg Brewery Malaysia Bhd reports 62% jump in Q2 earnings
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Carlsberg Brewery Malaysia Bhd recorded a 62% jump in earnings to RM51.36 mln for the second quarter (Q2) ended June 30, 2016, compared with
...More info on site
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Ireland: Beer production up 6% last year, craft beer output rises 550% from 2012
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The amount of beer brewed in Ireland increased by 6 per cent last year, on the back of a sharp rise in output from
...More info on site
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Argentina: AB InBev’s Quilmes brewery to invest 26.9 bln pesos in expansion over the next five years
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Brewery Cerveceía y Maltería Quilmes — controlled by Leuven, Belgium-based Anheuser-Busch InBev — on August 23 told President Mauricio Macri that it will invest 26.9 billion pesos (1.9 billion dollars) over the next five years in Argentina, Buenos Aires Herald reported.
Quilmes’ representatives explained the investment will go to expand its factories, the installation of a dealcoholizing plant, a new line of barrels and the expansion of its agricultural business for the production of barley and hops.
Another huge bet will entail the expansion of the brewing plant the company has in Acheral, in the northern province of Tucumán, where it will invest 650 million pesos to double the output of bottled products and beer and soft drinks output for the domestic and foreign markets. Inauguration of the plant is scheduled for the coming weeks. As a first step it will mean 500 new direct or indirect jobs.
Meeting with Macri at the Pink House were Carlos Alberto Sicupira, one of the biggest shareholders of AB InBev, Marcio Froes, president of Cervecería y Maltería Quilmes Latinoamérica Sur, and Pablo Querol, vice-president of Corporate and Legal Affairs of Cervecería y Maltería Quilmes.
Also present were Production Minister Francisco Cabrera, Horacio Reyser, the presidential adviser on
...More info on site
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USA: AB InBev and Craft Brew Alliance expand collaboration
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Craft Brew Alliance, Inc. (CBA) and Anheuser-Busch InBev (AB InBev) announced on August 23 a series of new commercial agreements that expand and strengthen the companies’ long-term relationship and create new growth opportunities for both companies. The agreements include an amended and extended master distribution agreement, a new contract brewing arrangement, and a new international distribution agreement.
Through the agreements, AB InBev will provide additional support and committed resources to accelerate CBA’s growth strategy, which includes: strengthening its distinctive portfolio of craft brands; maximizing the potential of Kona Brewing Co. as one of the fastest-growing American craft brands; and optimizing CBA’s brewing footprint to drive gross margin expansion and deliver its craft beers to more beer lovers in the U.S. and around the world.
CBA and AB InBev have extended the current fee structure of their existing Master Distributor Agreement for 10 additional years, through 2028. The amended agreement secures CBA’s brands in the industry’s strongest wholesaler network, enabling continued investment in brand growth and strategic partnerships, such as Appalachian Mountain Brewery and Cisco Brewers.
Under the terms of a new contract brewing arrangement, CBA and AB InBev will work together to transition up to 300,000 barrels of volume into AB InBev’s
...More info on site
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UK: Guinness launches rye pale ale within its Brewers Project range
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Guinness has extended its Brewers Project range of beers with the launch of Guinness rye pale ale, the latest beer from its brewery at St James’s Gate, Dublin, FoodBev reported on August 22.
Available in the off-trade from September, Guinness rye pale ale brings the unique character of the stout to the world of pale ale, boasting a peppery bite and citrus and grapefruit notes that perfectly balanced with crystal malt to leave a toasted biscuit flavour. It is the latest new beer to be developed at the Open Gate Brewery, the experimental brewery at the heart of Guinness innovation.
The launch provides retailers with the opportunity to tap into the huge premium bottled ale category, which continues to grow ahead of total beer with £19 million year-on-year growth last year, brand owner Diageo said. The 5% ABV pale ale will also capitalise on the success of The Brewers Project portfolio, which has contributed £5.6 million to this total growth.
Peter Simpson, lead brewer for the Open Gate Brewery, commented: “In December a few of us at The Open Gate Brewery got together and made a rye pale ale as a Christmas gift for our friends and families. Everyone liked it so much
...More info on site
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Africa: Three firms hired to distribute Heineken products across East Africa continue legal battle against Dutch brewing giant
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Three firms hired to distribute beer maker Heineken’s products across East Africa want the defense the firm has filed in a distribution dispute struck out, the Daily Nation reported on August 22.
Maxam Ltd, Uganda’s Modern Lane Ltd and Tanzania’s Olepasu Ltd have claimed that Heineken International BV, Heineken Brouwerijen BV and their local arm Heineken East Africa Import, have filed their separate defenses out of the time allocated by court and should not be accommodated.
The trio argues that Heineken has also not provided sufficient reasons for the long delay in complying with the court orders. The court had directed the firm and its local subsidiary to file its defense by June 16, but this was not done until August 11, 2016.
“The three purported amended defenses are in blatant contravention of the mandatory provisions of civil procedure rules. We are, therefore, unable to file any reply as required under the same rules and the three amended defenses should therefore be struck out,” say the distributors through lawyer Philip Nyachoti.
The High Court had earlier this year granted orders stopping Heineken from terminating a multimillion-shilling contract signed with the three companies to distribute the brand in East Africa until the application is heard
...More info on site
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South Korea: Oriental Brewery in the grip of labor dispute
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South Korean brewer Oriental Brewery (OB) has been in the grip of labor dispute. OB’s labor union has gone on a general strike since Aug.16, further exacerbating labor-management dispute, Korea IT Times reported on August 23.
At first blush, the dispute seems to be caused by their disagreement over wage increases. However, some point out that it is an outgrowth of OB’s failure in reflecting the reality of the Korean liquor market after OB changed hands.
Since December last year, OB’s labor union has engaged in collective bargaining with the management more than 30 times to negotiate a pay rise. However, as the negotiations was going nowhere, the labor union decided to down tools.
The labor union claims that the management has set goals too high in order to make incentives elusive, a move that is no different from wage reductions. On the other hand, the management argues that they did not provide incentives because the goals have been attained and their incentive system exists separately from their wage system.
Since leading global brewer Anheuser-Busch InBev (AB InBev) bought back OB in 2014, OB has seen few signs of labor-management conflict letting up.
Earlier this year, the labor union filed a complaint with the Ministry
...More info on site
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Cambodia: Cambrew’s Sihanoukville brewery workers strike escalates and disrupts production
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A workers’ strike escalated on August 22 at Cambrew’s Sihanoukville brewery, protesters said, with the company acknowledging that the work stoppage was causing major disruptions, The Cambodia Daily reported.
“The protest has had a big impact on the company’s production,” said Chheng Sopheak, head of human resources at Cambrew, though he could not quantify the cost to the factory’s operations.
The company met with protesters on August 20 and the two sides were on their way to resolving the dispute, Mr. Sopheak said.
Accounts of the work stoppage were conflicting. Mr. Sopheak said 100 protesters had gathered outside the factory in the morning, with numbers dwindling to about 60 by the afternoon. A union representative, however, said there were 600 workers gathered during the peak of the protest on August 22, up from 200 over the weekend.
Ken Mao, a representative of the Cambodian Food and Service Workers Federation, said the workers had a list of demands.
They believe a warehouse manager was wrongly sacked and want him reinstated; they want the plant’s Malaysian general manager, Y.K. Wang, dismissed due to his lack of respect for employees; they are demanding a free meal during every shift for each staff member; and they want the company
...More info on site
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Barley News
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EU: Making beer to got more expensive because of poor barley crop in France and Germany
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Making beer just got a lot more expensive in Europe as downpours hit barley crops in France and Germany, Bloomberg reported on August 22.
Heavy
...More info on site
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EU: High malting barley premiums look set to continue elevated
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Malting barley premiums in Europe, at their highest in nearly five years, look set to stay elevated thanks to the poor harvest, which looks
...More info on site
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EU: Grain crops good on the Iberian Peninsula and in the eastern Balkans but much of Europe shows a different picture
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2016 grain crops in two regions of the EU, the Iberian Peninsula and the eastern Balkan, turned out exceptionally good. However, much of Europe
...More info on site
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Australia & China: Australia expects barley crop above 9 mln tonnes, exports to China totalled 2.7 mln tonnes in July/June 2015/16
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Weather has been benign to this year’s grain crops in Australia. The country expects a barley crop even above 9 mln tonnes, H. M.
...More info on site
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World: World total grain output expected to slightly increase in 2016/17
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IGC’s estimate of world grain production in 2016/17 is 2.046 vs. 2 bln tonnes last year.
According to the analysts, there will be 40 mln tonnes more corn harvested in the USA (in Sept/Oct) and Brazil (only in early 2017). A production plus of 6.5 mln tonnes of wheat in Russia and 5.7 mln tonnes in the U.S. will be compensated by a sharp fall in France. The IGC estimate of 34 (= minus 8.5) mln tonnes of French wheat is higher than recent trade estimates of 30 mln tonnes. However, world stocks of grains and oilseeds will be more than comfortable and leave little room for better markets.
Black Sea wheat and barley exert enormous pressure on world markets, H. M. Gauger GmbH said in their latest report.
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