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E-Malt.com Flash 36a
September 05 - September 07, 2016
Quote of the Week
If you listen to your fears, you will die never knowing what a great person you might have been.
Robert H. Schuller
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Currency Rates
Base Currency: Euro
on September 07, 2016 |
Base Currency: US Dollar
on September 07, 2016 |
| |
1 EUR = 1.1159 USD
1 EUR = 0.8354 GBP
1 EUR = 1.4405 CAD
1 EUR = 1.4625 AUD
1 EUR = 115.3900 JPY
1 EUR = 3.6445 BRL
1 EUR = 72.3639 RUB
1 EUR = 7.4525 CNY
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1 USD = 0.8943 EUR
1 USD = 0.7487 GBP
1 USD = 1.2893 CAD
1 USD = 1.3093 AUD
1 USD = 103.0700 JPY
1 USD = 3.2485 BRL
1 USD = 64.8306 RUB
1 USD = 6.6773 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| September 07, 2016 |
| Type |
Crop 2016 |
| EUR |
% |
| 2rs Barley |
186.50-188.50 |  |
| 6rw Barley |
172.00-174.00 | |
| 2rs Malt |
383.00-385.00 |  0.15% |
| 6rw Malt |
365.50-367.50 | 0.15% |
| Feed Barley |
134.00-136.00 | |
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.
Vietnam: AB InBev and Heineken among seven foreign companies registered to bid for government’s stake in Sabeco
...Click here
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UK: Molson Coors declares interest in acquisitions in Scotland’s growing craft beer sector
...Click here
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Ireland: Number of craft breweries more than quadrupled since 2012
...Click here
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Chile: Compania Cervecerias Unidas reports Q2 profit of $9.3 mln
...Click here
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Germany: Craft beers blazing a trail in Germany’s big cities
...Click here
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South Korea & Vietnam: Hite Jinro seeks to expand its presence in Vietnam and make it a gateway to the South East Asian market
...Click here
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Thailand: ThaiBev’s vice-president refuses to confirm company interest in acquiring Vietnam government’s stake in Sabeco
...Click here
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South Korea: Diageo Korea CEO pledges to make whisky the go-to drink for Korean millennials
...Click here
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USA: AB InBev’s acquisition of Virigina-based craft brewery Devils Backbone gets approval by Department of Justice
...Click here
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India: Vijay Mallya to continue as chairman of United Breweries Ltd, company says
...Click here
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Graph of the week
Table of the week
Brewing Industry in Belgium 1900-2015
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
05 September
1888 - George Eastman patents 1st roll-film camera and registers "Kodak"
1957 - Ford Motor Co introduces Edsel
1958 - 1st color video recording on magnetic tape presented, Charlotte NC
1997 - Mother Teresa (Agnes Gonxha Bojaxhiu) dies of cardiac arrest at 87; Nobel (1979)
06 September
1620 - The Pilgrims sail from Plymouth, England, on the Mayflower to settle in North America
1819 - Thomas Blanchard patents lathe
1853 - Women's Right's Convention met (New York City)
07 September
1822 - Brazil declares independence from Portugal (National Day)
1912 - David Packard, co-founder of Hewlett-Packard Co., is born in Pueblo, Colo
1923 - Interpol forms in Vienna
Agenda
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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Vietnam: AB InBev and Heineken among seven foreign companies registered to bid for government’s stake in Sabeco
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The world’s largest brewers from Europe to Asia are lining up for a chance to buy a stake in Vietnam’s top beer-maker, in a
...More info on site
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UK: Molson Coors declares interest in acquisitions in Scotland’s growing craft beer sector
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The Scottish arm of North American brewing giant Molson Coors has declared it is open to making acquisitions in the country’s rapidly growing craft beer sector, as it highlighted a boost from two major supply deals with customers in Scotland, The Herald reported on September 5.
The brewer has a track record of acquiring promising craft and real ale brewers, having snapped up Cornwall-based Sharp’s in 2011 and Cork’s Franciscan Well in 2013.
Hugo Mills, head of Molson Coors Scotland, believes the rise of craft and cask beer mirrors consumers’ increasing demand for more niche and local products. And he said the company would “absolutely” consider doing deals in Scotland if the right opportunity arose.
Mr Mills said: “Would we like to enter into that arena for Scotland? Yes, we absolutely would, for no other reason than to reinforce our own commitment to the Scottish marketplace. It wouldn’t have a material difference to our own profitability or commercial set-up. We would rather probably do it because we’d like to be encouraging and supportive of the development of some cracking small craft brewers.
“So if the right opportunity presented itself then yes, we would certainly consider it.”
Despite rapid growth in recent years, craft beer still
...More info on site
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Ireland: Number of craft breweries more than quadrupled since 2012
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The number of microbreweries in Ireland has more than quadrupled since 2012, according to a new study that estimates turnover in the sector will rise by close to 50 per cent this year, the Irish Times reported on September 6.
The report, which was commissioned on behalf of Bord Bia to coincide with the sixth annual Irish Craft Beer Festival taking place at the RDS in Dublin later this week, shows there are currently 90 microbreweries operating in Ireland. Of these, 62 are producing beer on their own premises, with the remainder marketing and selling products produced on their behalf by other breweries.
Total turnover of craft beer producers was estimated at €23 million two years ago. Revenue of €40 million was recorded for 2015, with a projected turnover of €59 million for 2016.
Between 2011 and 2015, the output of production microbreweries rose by more than 415 per cent to reach 134,000 hectolitres (hl) last year. This marks a 56 per cent increase versus 2014’s figure of 86,000 hl.
Capacity expansion continues apace, and that coupled with the influx of new breweries, is expected to lead to output in the region of 197,000hl, according to the report.
Of the total microbrewery production in 2015,
...More info on site
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Germany: Craft beers blazing a trail in Germany’s big cities
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German brewers pride themselves on the 500-year-old purity law which states that only water, malt, hops and yeast can be used in their beers. But craft beer fans argue that those beers, pure or not, lack flavor and character, Deutsche Welle reported on September 5.
Exact sales figures are hard to come by, but craft beers are definitely blazing a trail into the hippest parts of big cities like Hamburg or Berlin. There are craft beer bars, stores and tastings. Many supermarkets now have aisles dedicated to smaller breweries. Craft beer festivals bring in thousands of people and many new brewers are opening their doors.
Simon Siemsglüss set up the tiny Buddelship Brewery - currently with a total staff of three - in Hamburg two years ago. He says that over the past two decades, the overall consumption of German beer has dropped because people are bored by the big brands. Craft beer, he says, offers a whole new experience.
"The demand is definitely there and it's growing. Yes, we are a country where the price of beer competes with the price of water and we still need to convince people that those higher prices are justified," Mr Siemsglüss told DW. "These are
...More info on site
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Chile: Compania Cervecerias Unidas reports Q2 profit of $9.3 mln
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Compania Cervecerias Unidas (CCU) on September 6 reported second-quarter profit of $9.3 million.
On a per-share basis, the Santiago, Chile-based company said it had net income of 5 cents.
The company posted revenue of $454.8 million in the period.
Cervecerias Unidas shares have risen roughly 1 percent since the beginning of the year. In the final minutes of trading on September 6, shares hit $21.84, a climb of slightly more than 1 percent in the last 12 months.
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South Korea & Vietnam: Hite Jinro seeks to expand its presence in Vietnam and make it a gateway to the South East Asian market
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South Korea’s Hite Jinro seeks to expand its presence in Vietnam to make the country a gateway to the South East Asian market and strive to achieve 530 billion won ($475 million) in overseas sales by 2024, according to the company’s long-term outline, pulse.co.kr reported on September 5.
“We will develop tailored marketing solutions and strengthen our sales network to win the hearts and minds of the Vietnamese consumers with our main products Jinro soju and Hite beer,” the company’s chief executive officer Kim In-kyu said at a ceremony held to announce its future vision in Hanoi, Vietnam on August 29.
The company is targeting Vietnam where the Korean pop culture is immensely popular and consumers have stomach for strong liquor. It has launched Chamisul Classic soju that contains 19.9 percent alcohol and has a shrink-cap exclusively for the market. Soju is a clear, distilled spirit with high alcohol content, typically made from rice or barley, that is the most consumed alcohol beverage in Korea.
The company aims to increase its share from the current 1 percent to 7 percent by 2020 in the Vietnamese distilled liquor market that has grown more than 17 percent over the past five years.
...More info on site
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Thailand: ThaiBev’s vice-president refuses to confirm company interest in acquiring Vietnam government’s stake in Sabeco
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Thai Beverage Plc (ThaiBev), the country's biggest drinks company, says it is ready to pursue mergers and acquisitions on the back of its financial strength.
ThaiBev has been mentioned by Euromonitor as one of three companies showing an interest in buying a major stake in Saigon Beer Alcohol Beverage Corporation.
The Vietnamese government wants to divest of its 89.59% stake in Saigon Beer for $1.8 billion in auctions this year and next, along with its 82% stake in Hanoi Beer Alcohol and Beverage Corporation for $404 million, according to a state-run news website.
ThaiBev vice-president Sithichai Chaikriangkrai refused to confirm whether ThaiBev is interested in Saigon Beer, Bangkok Post reported on September 3.
"ThaiBev's management will consider acquisition opportunities to diversify its revenue sources and capitalise on growth opportunities in the Asean region," he said. "It wants to be a top-five beverage company in Asia by 2020."
Fitch Ratings assigned ThaiBev an initial long-term issuer default rating of BBB and a national long-term rating of AA+ with a stable outlook.
The company's ratings were given based on ThaiBev's strength as the leading drinks company in Thailand with a solid distribution network.
ThaiBev has a variety of home-grown and imported products.
...More info on site
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USA: AB InBev’s acquisition of Virigina-based craft brewery Devils Backbone gets approval by Department of Justice
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The acquisition of Virginia-based Devils Backbone by Anheuser-Busch InBev has gotten approval from the U.S. Department of Justice, newsplex.com reported on September 7.
The DOJ's Antitrust Division had opened an investigation into the acquisition, but has now decided to close that investigation.
According to a statement from Deputy Assistant Attorney General Juan Arteaga, AB InBev has agreed to concessions regarding the acquisition of SABMiller, which has reduced fears of less competition in the field.
Devils Backbone will be added to AB InBev's High End craft beer division.
The entire DOJ statement is posted below:
"Over the past 30 years, the American beer industry has experienced a renaissance that has resulted in the most diverse, innovative and dynamic brewing culture in the world. This revival of the U.S. beer industry – an industry in which millions of Americans spend over $100 billion per year – is largely due to the hard work and growth of craft and other high-end brewers, which have provided consumers with a large number of new and high quality beer options.
"In addition to enhancing the diversity and quality of beer sold in the U.S., high-end brewers have served as an important constraint on the ability of large brewers – such as
...More info on site
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India: Vijay Mallya to continue as chairman of United Breweries Ltd, company says
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United Breweries Ltd (UBL), India's largest beer producer, said it supports Vijay Mallya in continuing as the chairman of the company despite the Enforcement Directorate (ED) issuing its second attachment order of property worth about Rs 6,630 crore against him, Times of India reported on September 7.
The backing comes in the wake of reports that Mallya would lose his position as chairman after the seizure of his shares in UBL by ED. The company said as of now, the ED had "not attached" any properties and shares of UBL and Mallya is not disqualified to be the chairman of the company.
"We have looked at every aspect very carefully after Mallya was declared a wilful defaulter. There are no adverse conditions imposed by any statute which debars Mallya from holding a director's position in a listed entity," director Yogendra Pal Chugh, who chaired the company's AGM in the absence of Mallya, said on September 7.
Earlier this week, the agency seized Mallya's farmhouse, flats and FDs in connection with the money laundering case against him and his associates, where the liquor baron has been accused of allegedly transferring money from various UB Group entities to now-defunct Kingfisher Airlines.
The total attachment made by
...More info on site
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Whisky News
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South Korea: Diageo Korea CEO pledges to make whisky the go-to drink for Korean millennials
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Cho Kil-soo, president and CEO of Diageo Korea has pledged to make whisky the go-to drink for Korean millennials, perhaps shoving aside the long-reigning dominance of soju, Korea JoongAng Daily reported on September 05.
The Korean operation of Diageo, the world’s largest alcoholic beverage manufacturer, is best known for distributing Johnnie Walker and Windsor, among others, and currently leads the local whisky market.
“People in their 20s and 30s haven’t had their own go-to drink for quite a long time,” said Cho at a press meeting held Friday in Fukuoka, Japan.
“Soju has been the most popular alternative choice but that is because it has been the cheapest and most widely distributed option out there. I don’t think soju can be the drink that represents the millennial generation. We will vie to take the spot by trying out new marketing strategies and innovations in our products.”
In order to do that, Cho, who also oversees the British liquor company’s business in Japan, said that taking a look at Japan’s vibrant whisky culture - as seen by the highball, a mixture of whisky with water or soda and the various bars dedicated to the mixed drink - is necessary.
“Korea and Japan’s liquor
...More info on site
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