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Flash Summary
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E-Malt.com Flash 49b
December 08 - December 11, 2016
Quote of the Week
Talent is an accident of genes - and a responsibility.
Alan Rickman
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Currency Rates
Base Currency: Euro
on December 09, 2016 |
Base Currency: US Dollar
on December 09, 2016 |
| |
1 EUR = 1.0762 USD
1 EUR = 0.8500 GBP
1 EUR = 1.4222 CAD
1 EUR = 1.4406 AUD
1 EUR = 122.6100 JPY
1 EUR = 3.6599 BRL
1 EUR = 68.2458 RUB
1 EUR = 7.4041 CNY
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|
1 USD = 0.9323 EUR
1 USD = 0.7916 GBP
1 USD = 1.3217 CAD
1 USD = 1.3372 AUD
1 USD = 113.7300 JPY
1 USD = 3.3831 BRL
1 USD = 63.3901 RUB
1 USD = 6.8774 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| December 09, 2016 |
French Barley/Malt
Crop 2016
Bulk |
| EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
184.50-186.50 |  |
| 6RW Malting Barley (FOB Creil) |
160.00-162.00 | |
| 2RS Malt (FOB Antwerp) |
382.00-384.00 | |
| 6RW Malt (FOB Antwerp) |
352.50-354.50 | |
| Feed Barley (FOB Creil) |
133.00-135.00 | |
French Barley/Malt
Crop 2017
Bulk |
| EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
188.50-190.50 |  0.53% |
| 6RW Malting Barley (FOB Creil) |
163.00-165.00 | |
| 2RS Malt (FOB Antwerp) |
385.00-387.00 | 0.32% |
| 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 |
174.50-176.50 | |
Danish Malting Barley
Crop 2016
Free on truck
Ex Farm |
| DKK/T |
% |
| Malting Barley (East) |
1,179.00-1,181.00 | |
| Malting Barley (West) |
1,179.00-1,181.00 | |
Danish Malting Barley
Crop 2017
Free on truck
Ex Farm |
| DKK/T |
% |
| Malting Barley (East) |
1,229.00-1,231.00 | |
| Malting Barley (West) |
1,229.00-1,231.00 | |
No change;
 Price increase;
Price decrease versus last publication.
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Click here to see our Market Prices History.
Vietnam: Foreign brewers still have to take roundabout path to enter Vietnam’s market
...Click here
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World: Barley trade forecast increased to 26.955 mln tonnes
...Click here
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Canada: Ontario’s Brick Brewing Co. reports increased net revenue in Q3 2016
...Click here
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UK: Heineken launches new H41 lager made with wild yeast from Patagonia
...Click here
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Thailand: Thailand’s first hop farmers taking extraordinary measures to grow the plant in hostile climate
...Click here
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USA: Access to legal marijuana has negative impact on beer sales - study
...Click here
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The Czech Republic: Beer-loving Czechs approve smoking ban in pubs, restaurants
...Click here
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Graph of the week
Table of the week
World Hop Area
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
BE A DETECTIVE - FIND THE
ONION IN YOUR BEER!
ABSTRACT
A Japanese research team put a lot of effort in finding
the relevant compound for the onion flavour in beer.
2-mercapto-3-methyl-1-butanol (2M3MB) has an onion,
sweaty type aroma, at a threshold of only 13ppb. Its
origin is most likely hops. Firstly this team has shown
that low or no wort aeration reduces the formation of
this off-flavour, secondly they found that 2,3-epoxy-3
methyl-butanal (EMB) is the responsible precursor. Next
to aeration, the yeast plays an important role on the final
level of this compound in beer and will be investigated
further. We hope for a happy ending!
Shigekuni, N.: Identification of a precursor of 2M3MB in Beer
Read more
Source: Barth Innovations
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These Days in Business History
08 December
1794 - 1st issue of Herald of Rutland, VT published
1863 - Abraham Lincoln announces plan for Reconstruction of South
1923 - Salary and price freeze in Germany
1993 - Dow-Jones hits record 3734.53
09 December
1793 - Noah Webster establishes New York's 1st daily newspaper, American Minerva
1843 - P Paul Leroy-Beaulieu French economist is born
1905 - French Assembly National votes for separation of church & state
1916 - P Paul Leroy-Beaulieu French economist (Economist France), dies at 73
1967 - Nicolae Ceausescu becomes President (dictator) of Romania
1968 - Doug Engelbart demonstrates first computer mouse at Stanford
10 December
1672 - New York Governor Lovelace announces monthly mail service between New York & Boston
1799 - Metric system established in France
1868 - The first traffic lights are installed, outside the Palace of Westminster in London
1901 - 1st Nobel Peace Prizes (to Jean Henri Dunant, Frederic Passy)
1915 - 10,000,000th model T Ford assembled
1930 - Clayton K Yeutter, US trade representative/Republican National chairman is born in Nebraska
1948 - UN General Assembly adopts Universal Declaration of Human Rights
1993 - Dow Jones hits record 3740.67
11 December
1901 - 1st newspaper on Curacao (Curacao Gazette & Commercial Advertiser)
1901 - Marconi sends 1st transatlantic radio signal, Cornwall to Newfoundland
1930 - Bank of the United States opens in New York NY
1967 - SST prototype "Concorde" 1st shown (France)
1985 - General Electric acquires RCA Corp & its subsidiary
1985 - Dow Jones closes above 1,500 for 1st time (1,511.70)
1997 - The Kyoto Protocol opens for signature
Agenda
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: Foreign brewers still have to take roundabout path to enter Vietnam’s market
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Foreign brewers often set up joint ventures with Vietnamese partners and then take over the capital contribution from the Vietnamese partners. Why do they have to take this roundabout path to enter the market?
Though the regulations are clear, it is still difficult to obtain licenses because the licensing depends on the beverage industry development strategy, VietNamNet Bridge reported on December 8.
In some cases, foreign companies can obtain licenses through negotiations between governments. However, in general, investors must follow complicated procedures to get licenses.
Masan Group, for example, in order to develop a brewery in Hau Giang province, has used a license granted earlier to another company.
Analysts believe that this is why both Heineken and Carlsberg lust for the stakes of Sabeco and Habeco, the two Vietnamese brewers.
Carlsberg is a success story about how a foreign company penetrated the Vietnamese market. The Danish brewer has acquired Hue Brewery which owns Huda and Huda Gold brands.
Analysts commented that Carlsberg took a wise move when it avoided the competitive southern market and decided to dominate the central region, which accounts for 6 percent of total beer consumption in Vietnam.
It also plans to penetrate the northern market, which consumes 35 percent of total
...More info on site
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Canada: Ontario’s Brick Brewing Co. reports increased net revenue in Q3 2016
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Brick Brewing Co. Limited ("Brick" or the "Company"), Ontario's largest Canadian-owned brewery, released on December 9 its results for the third quarter ended October 30, 2016.
Net Revenues for the third quarter of fiscal 2017 grew to C$11.1 million, up from C$9.8 million in the third quarter of fiscal 2016. Gross margins for the quarter increased to 34.3% versus 25.7% in Q3 of the prior year. Margin expansion was supported by volume growth, improved product mix, strong pricing, as well as overall cost reductions in operations. EBITDA for the third quarter of fiscal 2017 improved to C$2.0 million, reflecting a continuation of the strong results reported in the first half of the year.
"This was, by any measure, another tremendous quarter for Brick Brewing," noted George Croft, President and CEO. "We're reporting double digit growth in branded volume, co-pack revenue and net sales. We've been able to expand margins, increase the investment in our brands, and still deliver over 30% growth in EBITDA. Our Laker brand posted 13% volume growth while LandShark continued to resonate with consumers. Our Waterloo brand declined modestly in the quarter, due to channel inventory reductions. Counter sales for Waterloo remained strong, and are consistent with our year
...More info on site
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UK: Heineken launches new H41 lager made with wild yeast from Patagonia
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Heineken has announced the launch of H41, a new lager made with 'wild' yeast from Patagonia, into the UK on-trade, the Morning Advertiser reported on December 8.
The 5.3% ABV limited-edition beer has been launched exclusively across Laine Pub Company sites in London and Brighton with an eye to expanding its availability in the future.
It will be available on draught and in 330ml bottles.
Heineken master brewer Willem van Waesberghe said: “When we had brewed the first two litres of the beer from this yeast and we started to smell it and taste it, I thought wow, we have immediately found something which fits what we wanted to do – play with yeast, brew a Heineken and show that when you change the yeast, everything changes in the beer.”
The Patagonian 'wild' yeast used in the beer’s production – reportedly the 'mother' yeast of Heineken’s A Strain, which has been used to create its beers since inception – is a rare variety discovered in the remote Argentinian region.
The name H41 is a nod to the latitude co-ordinate of the mountain range where it was found.
Heineken brand director David Lette said: “Heineken has more than 150 years of passion for beer
...More info on site
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USA: Access to legal marijuana has negative impact on beer sales - study
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A new industry study says access to legal marijuana is having a negative impact on beer sales.
According to Brewbound, the research firm Cowen & Company analyzed the beer industries in Colorado, Oregon and Washington, three states that have recreational pot shops, and found that their beer markets have "collectively underperformed" in the past two years.
The "magnitude of the underperformance has increased notably" as beer volumes have dropped more than 2% year-to-date in the trio of pot states, with big mainstream brewers like MillerCoors and Anheuser-Busch InBev seeing the biggest declines, with volumes down 4.4%. Craft beers have done a little better, but are down too, seeing a 2.2% drop.
"While [marijuana] retail sales opened up in these markets at different points of time, with all three of these states now having fully implemented a retail infrastructure, the underperformance of beer in these markets has worsened over the course of 2016," wrote Vivien Azer, Cowen and Company’s managing director and senior research analyst.
That's not exactly a shock, Azer wrote, since government survey data has shown "consistent growth in cannabis incidence among 18-25 year olds" in those three states at the same time that age group has seen declines "in alcohol incidence (in
...More info on site
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The Czech Republic: Beer-loving Czechs approve smoking ban in pubs, restaurants
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The Czech lower house of parliament on December 9 approved a ban on smoking in restaurants, bars and pubs, overcoming years of wrangling and bringing the country in line with most others in the European Union, Reuters reported.
"This brings the Czech Republic (in line with) civilized countries that care for the health of their citizens," Prime Minister Bohuslav Sobotka said.
Parliament's upper house must sign off on the legislation but the lower house vote showed there was enough support to override any potential veto. The law is to take effect on May 31, 2017, the annual World No Tobacco Day.
Seventeen of the 28 EU member states have comprehensive smoking-free laws in place. The ban enjoys support from three in four Czechs, polls show, but is sensitive all the same as Czechs are fervent pub-goers and beer drinkers are often smokers. Moreover, Czechs drink the most beer per capita in the world.
About 28 percent of Czechs are smokers, somewhat above the EU average of 24 percent. About 18,000 Czechs die annually from smoking-related illnesses, the Health Ministry says.
But there has been a clear trend toward less smoking in public places, especially in bigger cities, and many restaurants have voluntarily gone no-smoking in
...More info on site
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Barley News
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World: Barley trade forecast increased to 26.955 mln tonnes
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Australian barley export forecast for 2016/17 is up 300,000 tonnes to 7.0 million on a record crop, USDA said in its recently published December
...More info on site
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Hops News
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Thailand: Thailand’s first hop farmers taking extraordinary measures to grow the plant in hostile climate
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Outside it’s 95 degrees Fahrenheit, but inside the greenhouse the crushing humidity makes it feel twice as sweltering. There’s a powerful, funky aroma to the place emanating from dozens of flowering vines rising from their pots like warped, budded magical beanstalks.
“Without this, the plants would just cook alive,” says Teerapat “Art” Ungsriwong. His brother, Nattachai “Ob,” nods in agreement. Indeed, while the spray raises the air’s moisture content to Amazonian levels, the temperature starts to dip towards bearable. “We lost so many in our first year.”
It takes extraordinary measures to keep Humulus lupulus, or hops, alive in Thailand’s hostile climate, Munchies reported on December 8. While tropical fruits grow in abundance here, to a European creeper used to long, sunshine-soaked summer days and cooler temperatures, the near-equatorial conditions are brutal. Although the former Kingdom of Siam guzzled an estimated 1.39 trillion Thai baht (roughly $39 billion US) of beer last year, few have attempted to grow hops here because it seemed, well, impossible. Until recently, no one was interested in such an inherently difficult feat, in part because beer in Thailand was synonymous with watery, mass-produced lagers. Since 1950, the country’s liquor laws specify that only breweries churning out
...More info on site
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