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Flash Summary
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E-Malt.com Flash 46b
November 17 - November 20, 2016
Quote of the Week
True success is overcoming the fear of being unsuccessful.
Paul Sweeney
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Currency Rates
Base Currency: Euro
on November 18, 2016 |
Base Currency: US Dollar
on November 18, 2016 |
| |
1 EUR = 1.0717 USD
1 EUR = 0.8606 GBP
1 EUR = 1.4389 CAD
1 EUR = 1.4359 AUD
1 EUR = 117.1200 JPY
1 EUR = 3.6550 BRL
1 EUR = 69.4984 RUB
1 EUR = 7.3621 CNY
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1 USD = 0.9352 EUR
1 USD = 0.8036 GBP
1 USD = 1.3436 CAD
1 USD = 1.3394 AUD
1 USD = 109.2100 JPY
1 USD = 3.4301 BRL
1 USD = 64.9154 RUB
1 USD = 6.8480 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| November 18, 2016 |
French Barley/Malt
Crop 2016
Bulk |
| EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
184.50-186.50 |  0.54% |
| 6RW Malting Barley (FOB Creil) |
160.00-162.00 | 0.62% |
| 2RS Malt (FOB Antwerp) |
381.50-383.50 | 0.32% |
| 6RW Malt (FOB Antwerp) |
351.50-353.50 | 0.35% |
| Feed Barley (FOB Creil) |
134.00-136.00 |  |
French Barley/Malt
Crop 2017
Bulk |
| EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
188.50-190.50 | |
| 6RW Malting Barley (FOB Creil) |
163.00-165.00 | |
| 2RS Malt (FOB Antwerp) |
385.00-387.00 | |
| 6RW Malt (FOB Antwerp) |
353.50-355.50 | |
| Feed Barley (FOB Creil) |
nq | |
German Malting Barley
Crop 2016
Bulk
Ex Farm |
| EUR/T |
% |
| Average Malting Barley Price |
173.50-175.50 |  0.04% |
Danish Malting Barley
Crop 2016
Free on truck
Ex Farm |
| DKK/T |
% |
| Malting Barley (East) |
1,189.00-1,191.00 | 0.85% |
| Malting Barley (West) |
1,189.00-1,191.00 | 0.85% |
Danish Malting Barley
Crop 2017
Free on truck
Ex Farm |
| DKK/T |
% |
| Malting Barley (East) |
1,239.00-1,241.00 | 0.81% |
| Malting Barley (West) |
1,239.00-1,241.00 | 0.81% |
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No change;
Price increase;
Price decrease versus last publication.
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Click here to see our Market Prices History.
Vietnam: Sabeco set to list on Ho Chi Minh City Stock Exchange on December 12
...Click here
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World: Barley crop expectations predominantly positive during October
...Click here
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Australia & China: Australian barley crop looks large and plump, sales to China approach the 1 mln tonnes mark
...Click here
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Canada: 2016-17 barley crop forecast to increase to 8.6 mln tonnes
...Click here
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Canada: Bad weather hinders grain harvest but domestic barley needs seem to be covered
...Click here
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UK: Carlsberg brewery in Northampton still closed after ammonia leak that killed one man
...Click here
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Germany: Carlsberg urged to drop three patents on beer and barley it received earlier this year
...Click here
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Canada: Labatt brewery retirees will no longer get fee beer as part of their pension benefit package
...Click here
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Graph of the week
Table of the week
EU-28 Barley Supply & Disposition
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
HOW MEANINGFUL ARE IBU VALUES?
ABSTRACT
US researchers looked into several parameters
that can influence IBU values such as pH, ABV, alpha
acid addition and dry hopping in general. In a pH range
from 4.1 to 4.9 they found that below a pH of 4.35
bitterness is perceived less intensely and described with
sour and astringent. Above 4.35 bitterness is perceived
more intensely and described being lingering. It was also
found that dry hopping actually reduces the perceived
bitterness while increasing the tested IBU values.
Driesner K.: The IBU, pH, Dry Hopping, ABV and perceived bitterness
Read more
Source: Barth Innovations
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These Days in Business History
17 November
1801 - 1st edition of New York Evening Post
1869 - Suez Canal (Egypt) opens, links Mediterranean & Red seas
1914 - U.S. declares Panama Canal Zone neutral
18 November
1793 - Louvre officially opens in Paris
1963 - Bell Telephone introduces push button telephone
19 November
1493 - Christopher Columbus discovers Puerto Rico, on his 2nd voyage
1893 - 1st newspaper color supplement (NY World)
1959 - Ford cancels Edsel
20 November
1923 - Garrett Morgan invents & patents traffic signal
1959 - U.N. adopts Universal Declaration of Children's Rights
1984 - McDonald's made its 50 billionth hamburger
1985 - Microsoft Windows 1.0 is released
Agenda
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)
February 2017:
01-03: Finest Spirits 2017 (Munich, Germany)
04-05: Bruges Beer Festival 2017 (Bruges, Belgium)
10-12: Brau Kunst Live 2017 (Munich, Germany)
10-13: HoReCa 2017 (Athens, Greece)
17-19: Mondial de la Biere 2017 (Mulhouse, France)
18-21: Beer Attraction 2017 (Rimini, Italy)
22-25: CAMRA's National Winter Ales Festival 2017 (Norwich, UK)
23-25: Alltech Craft Brews & Food Fair 2017 (Dublin, Ireland)
28-02 March: Beviale Moscow 2017 (Moscow, Russia)
March 2017:
08-10: Expo Antad & Alimentaria Mexico 2017 (Mexico City, Mexico)
16-18: BeerX 2017 (Sheffield, UK)
24-26: Barcelona Beer Festival 2017 (Barcelona, Spain)
April 2017:
07-08: Helsinki Beer Festival 2017 (Helsinki , Finland)
10-13: Craft Brewers Conference & BrewExpo America 2017 (Washington, D.C., USA)
12-14: Siberian Beer 2017 (Novosibirsk, Russia)
22-23: Zythos Beer Festival 2017 (Leuven, Belgium)
May 2017:
14-18: EBC 2017 (Ljubljana, Slovenia)
16-19: Beer 2017 (Sochi, Russia)
25-27: South Beer Cup 2017 (Buenos Aires, Argentina)
June 2017:
06-07: Brewing Equipment and Technology 2017 (Birmingham, UK)
14-18: Mondial de la Biere 2017 (Montreal, Canada)
More events are available on site e-malt.com
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Brewery News
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Vietnam: Sabeco set to list on Ho Chi Minh City Stock Exchange on December 12
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Saigon Beer Alcohol Beverage, known as Sabeco, is set to list its shares on Ho Chi Minh City Stock Exchange (HOSE) on Dec. 12, eight years after its initial public offering, the Nikkei Asian Review reported on November 17.
The shares will start trading at 110,000 dong. Currently, Sabeco's shares are trading off-exchange at 130,000 dong, making the market value of the company 83.4 trillion dong ($3.6 billion).
Sabeco has charter capital of 6.4 trillion dong, equivalent to more than 641 million shares. Vietnam's Ministry of Industry and Trade holds an 89.59% stake in Sabeco, while Heineken has 5%.
Analysts speculated that the small amount of current floating shares will push the price up after the listing. The government's plans to sell a 53.6% stake in Sabeco this year and the remaining 36% stake next year following the divestment progress would make the shares more attractive to investors.
The main bourse listing process was sped up by the company and relevant authorities after Vietnamese Prime Minister Nguyen Xuan Phuc put the company's divestment under direct supervision of his cabinet.
Sabeco is the largest beer producer in Vietnam with 1.38 billion litres a year and held a 41% market share last year, followed by Heineken (729
...More info on site
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UK: Carlsberg brewery in Northampton still closed after ammonia leak that killed one man
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Production at the Carlsberg factory in Northampton has been stopped for a week since the ammonia leak at the plant on November 9, Northampton Herald and Post reported on November 16.
On November 9, a man in his forties died following a gas leak at the Carlsberg factory and a 51 year old man who was taken to hospital is in a serious but stable condition.
Nine other people including staff from Carlsberg and emergency service personnel were also taken to hospital for treatment.
A joint Police and Health and Safety Executive investigation is likely to continue over the coming weeks.
Julian Momen, chief executive officer, Carlsberg UK said: "It's only a matter of days since we were all affected by the tragic incident at our brewery.
"Our thoughts remain with the families of all of those impacted. We are continuing to offer everyone concerned with the support they may require.
"We are now focusing on assisting the authorities with their investigation so that we can understand what happened.
"We have also put in place the necessary plans to re-start aspects of production on the site, but we will only do this at the appropriate time and in a controlled manner.
"We will continue to provide further updates
...More info on site
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Germany: Carlsberg urged to drop three patents on beer and barley it received earlier this year
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Three new patents on beer and barley should be dropped by European breweries, non-governmental organizations said. The alliance "No Patents on Seeds" accused Denmark's Carlsberg of abusing a centuries-old tradition, DW reported on November 17.
The European Patent Office (EPO) in Munich and the Carlsberg company were sloshed on November 17 in an open letter by campaigners opposed to the patenting of plants and animals.
No Patents on Seeds, an alliance including Greenpeace, the Catholic charity Misereor, and globally networked small-scale farmers, called on the Danish brewer to voluntarily relinquish three patents it received earlier this year from the EPO.
Documents published by the EPO also list Heineken of the Netherlands as a patent proprietor.
In two patents granted to Carlsberg and Heineken in April, the EPO upheld inventors' claims that barley mutations provided new enzymes to develop "more distinctive," flavor-stable beers and also had less dimethyl sulfide (DMS) that can give beer an undesirable 'cooked sweet corn' taste.
From their third patent, which was granted in September, the brewers expect major energy savings during malting and kiln-drying by using barley varieties low in linoleic acid, allowing cooler temperatures during the so-called "wort" to remove stale flavors.
Half of the brew-house energy usage occurred during these
...More info on site
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Canada: Labatt brewery retirees will no longer get fee beer as part of their pension benefit package
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A free beer allotment for Labatt brewery retirees — which was part of the workers' pension benefit package for more than five decades — will soon go flat, CBC.ca reported on November 13.
Labatt has announced the long-standing perk will be phased out by Jan.1, 2019 because it's too expensive. But workers call the cut petty when compared to the company's ballooning revenues.
Labatt said the allotment for existing retirees would be cut in half in 2018 and cut off completely in 2019.
"I just think it's nickel-and-diming of our retirees that put in a lot of work for many, many years," said local union president Jim Stirr. "In the cost of doing business, it's such a small, small thing."
Labatt, a formerly Canadian beermaker, is now owned by Belgium-based global super-producer Anheuser-Busch InBev. That's a publicly traded company that owns more than 400 beer brands worldwide and reported $55 billion in revenue in 2015 alone.
"The reason for the change relates to the rising overall cost of maintaining a full benefits package, including health care coverage for retirees," Labatt vice-president Lindsay King wrote in a letter to employees dated Oct. 28.
"A recent comprehensive review of all the cost management options has led us to
...More info on site
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Barley News
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World: Barley crop expectations predominantly positive during October
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During October predominantly positive news appeared about the barley crop expectations – Australia 10.5 – 11 mln tonnes, the effects of frost damage in
...More info on site
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Australia & China: Australian barley crop looks large and plump, sales to China approach the 1 mln tonnes mark
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Before and since barley planting South and East Australia enjoyed perfect weather conditions with good precipitation. Barley crops look large and plump, quantities and
...More info on site
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Canada: 2016-17 barley crop forecast to increase to 8.6 mln tonnes
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For 2016-17, Canada’s barley production is forecast to increase to 8.6 mln tonnes despite slightly lower seeded and harvested areas, Agriculture and Agri-Food Canada
...More info on site
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Canada: Bad weather hinders grain harvest but domestic barley needs seem to be covered
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On October 18 grain harvests were 81% complete in Saskatchewan and 73% in Alberta, H. M. Gauger GmbH said in their latest report.
Rain,
...More info on site
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