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Flash Summary
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E-Malt.com Flash 06a
February 06 - February 08, 2017
Quote of the Week
When I let go of what I am, I become what I might be.
Lao Tzu
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Currency Rates
Base Currency: Euro
on February 08, 2017 |
Base Currency: US Dollar
on February 08, 2017 |
| |
1 EUR = 1.0675 USD
1 EUR = 0.8633 GBP
1 EUR = 1.4072 CAD
1 EUR = 1.4014 AUD
1 EUR = 119.9400 JPY
1 EUR = 3.3378 BRL
1 EUR = 63.2362 RUB
1 EUR = 7.3487 CNY
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|
1 USD = 0.9345 EUR
1 USD = 0.8037 GBP
1 USD = 1.3139 CAD
1 USD = 1.3088 AUD
1 USD = 112.0400 JPY
1 USD = 3.1191 BRL
1 USD = 59.1933 RUB
1 USD = 6.8772 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| February 08, 2017 |
French Barley/Malt
Crop 2016
Bulk |
| EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
182.50-184.50 |  |
| 6RW Malting Barley (FOB Creil) |
159.00-161.00 |  0.62% |
| 2RS Malt (FOB Antwerp) |
381.00-383.00 | |
| 6RW Malt (FOB Antwerp) |
352.00-354.00 | 0.35% |
| Feed Barley (FOB Creil) |
141.00-143.00 |  0.71% |
French Barley/Malt
Crop 2017
Bulk |
| EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
185.50-187.50 | 0.53% |
| 6RW Malting Barley (FOB Creil) |
159.00-161.00 | 0.62% |
| 2RS Malt (FOB Antwerp) |
381.00-383.00 | 0.32% |
| 6RW Malt (FOB Antwerp) |
349.00-351.00 | 0.35% |
| Feed Barley (FOB Creil) |
nq | |
German Malting Barley
Crop 2016
Bulk
Ex Farm |
| EUR/T |
% |
| Average Malting Barley Price |
nq | |
Danish Malting Barley
Crop 2016
Free on truck
Ex Farm |
| DKK/T |
% |
| Malting Barley (East) |
1,159.00-1,161.00 | |
| Malting Barley (West) |
1,159.00-1,161.00 | |
Danish Malting Barley
Crop 2017
Free on truck
Ex Farm |
| DKK/T |
% |
| Malting Barley (East) |
1,189.00-1,191.00 | |
| Malting Barley (West) |
1,189.00-1,191.00 | |
Canadian Barley/Malt
Crop 2016 |
| CAD/T |
% |
| 2-Row Malting Barley, bulk, truck/railcar, Winnipeg |
319.00-321.00 |
|
| 2-Row Malting Barley, bulk in store, Vancouver |
329.00-331.00 |
|
| 6-Row Malting Barley, bulk, truck/railcar, Winnipeg |
nq |
|
| 2-Row Malt, bulk, truck/railcar, Winnipeg |
573.00-575.00 |
|
| 2-Row Malt, bulk in store, Vancouver |
593.00-595.00 |
|
| 6-Row Malt, bulk, truck/railcar, Winnipeg |
nq |
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| Feed Barley, basis Lethbridge |
169.00-171.00 |
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| Feed Barley, basis Winnipeg |
169.00-171.00 |
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| Feed Barley, bulk in store, Vancouver |
239.00-241.00 |
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US Barley/Malt
Crop 2016 |
| USD/T |
% |
| 2-Row Malting Barley, bulk, railcar Great Falls, Montana |
132.00 |
|
| 6-Row Malting Barley, bulk, railcar Minneapolis, Minnesota |
nq |
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| 6-Row Malt, bulk, railcar Minneapolis, Minnesota |
nq |
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| Feed Barley, basis Great Falls, Montana |
105.00 |
|
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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.
Belgium & Ethiopia: Axereal to build malt processing factory in Ethiopia and expand its Antwerp facility
...Click here
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World: Carlsberg reports DKK4.49 bln attributable profit in FY 2016 versus loss of DKK2.93 bln in 2015
...Click here
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Vietnam: Brewers prospering so far in Vietnam’s increasingly competitive market
...Click here
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Russia: Carlsberg warns beer market will shrink at least 5% this year
...Click here
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Japan: Kirin’s operating profit likely rose more than 10% last year - report
...Click here
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Vietnam: Carlsberg to bid for Vietnam’s Habeco in March or April - CEO
...Click here
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India: The Karnataka High Court orders closure of United Breweries (Holdings)
...Click here
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India: Diageo may be forced to buy rest of shares in United Spirits Limited
...Click here
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Canada: The Canadian Malt Barley Technical Centre releases list of recommended barley varieties
...Click here
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India: United Breweries board asks Vijay Mallya to step down as non-executive chairman
...Click here
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Ethiopia: Habesha Breweries mulling launch of new zero- and low-alcohol beers
...Click here
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Trinidad and Tobago: Recent beer tax hikes has no effect on consumption
...Click here
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Graph of the week
Table of the week
South America Barley Production, Import, Consumption, and Ending Stocks
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
A METHOD FOR REALISTIC FLAVOUR EXPECTATIONS?
ABSTRACT
The question is familiar to all of us: By assessing cone
hops or pellets, how do I know what to expect from this
hop when used in late hopping in terms of flavour? Japanese researchers have developed a standardised
method that is useful for this type of assessment. For
this method, 0.5g of alpha acids per liter were added to
distilled water and boiled at 105 degrees Celsius for 5 minutes. Bitter
and aroma compounds were analysed and sensory flavour
profiling conducted. Though a significant correlation
between sensory and analytical data was not achieved,
the flavour profiling gave reproducible insights in the
flavour properties of the hop varieties studied.
Koie, K: Construction and Demonstration of a Standardized Hop Boiled Water Extraction
Method and Its Application for a Sensory Evaluation System of Hop Aroma Characteristics
Read more
Source: Barth Innovations
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These Days in Business History
06 February
1953 - US controls on wages & some consumer goods were lifted
1964 - France & Great-Britain sign accord over building channel tunnel
1974 - Dutch speed limit set at 100 km due to oil crisis
07 February
1639 - Academie Francaise begins Dictionary of French Language
1804 - John Deere is born, pioneer manufacturer of agricultural implements
1935 - Monopoly, board game invented by Charles Darrow symbol Rich Uncle Pennybags
08 February
1883 - Louis Waterman begins experiments to invents fountain pen
1926 - Walt Disney Studios forms
1971 - NASDAQ market opens for stock trading, as the National Association of Securities Dealers Automated Quotation system first displays the median price for more than 2,500 "over-the-counter" securities
Agenda
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)
27-02 March: VLB Seminar for Brewers in Russia (Moscow, Russia)
28-02 March: Beviale Moscow 2017 (Moscow, Russia)
March 2017:
06-08: 104th Brewing and Engineering Conference (Munich, Germany)
08-10: Expo Antad & Alimentaria Mexico 2017 (Mexico City, Mexico)
08-11: Festival Brasileiro da Cerveja 2017 (Blumenau, Brazil)
16-19: BeerX 2017 (Sheffield, UK)
22-24: World Barley, Malt & Beer Conference 2017 (Vienna, Austria)
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)
18-20: Copenhagen Beer Festival 2017 (Copenhagen, Denmark)
25-27: South Beer Cup 2017 (Buenos Aires, Argentina)
June 2017:
06-07: Brewing Equipment and Technology 2017 (Birmingham, UK)
11-13: Brewing Conference Bangkok 2017 (Bangkok, Thailand)
14-18: Mondial de la Biere 2017 (Montreal, Canada)
July 2017:
08: Beer Boot Camp 2017 (Johannesburg, South Africa)
15: Beer Boot Camp 2017 (Cape Town, South Africa)
26-28: Brasil Brau 2017 (Sao Paulo, Brazil)
August 2017:
04-06: The 21st International Berlin Beer Festival (Berlin, Germany)
08-12: The Great British Beer Festival 2017 (London, UK)
09-12: Vietfood & Beverage 2017 (Ho Chi Minh City, Vietnam)
September 2017:
03-06: 18th Australian Barley Technical Symposium (Hobart, Tasmania)
07-09: Irish Craft Beer Festival 2017 (Dublin, Ireland)
11: International MicroBrew Symposium 2017 (Munich, Germany)
11-15: drinktec 2017 (Munich, Germany)
16-03 October: Oktoberfest (Munich, Germany)
23-24: Whisky Live Paris 2017 (Paris, France)
October 2017:
16-17: 104 VLB October Convention 2017 (Berlin, Germany)
23-25: 8th Ibero-American VLB Symposium 2017 in Guatemala (Guatemala City)
November 2017:
22-23: Craft Beer Italy 2017 (Milan, Italy)
More events are available on site e-malt.com
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Malt News
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Belgium & Ethiopia: Axereal to build malt processing factory in Ethiopia and expand its Antwerp facility
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French grain co-operative group Axereal is to build a malt processing factory in Ethiopia and expand capacity at its export hub in Belgium as
...More info on site
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Brewery News
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World: Carlsberg reports DKK4.49 bln attributable profit in FY 2016 versus loss of DKK2.93 bln in 2015
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Danish brewer Carlsberg A/S reported on February 8 that its fiscal 2016 attributable profit was 4.49 billion Danish kroner, compared to the previous year's
...More info on site
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Vietnam: Brewers prospering so far in Vietnam’s increasingly competitive market
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Beer companies have been prospering in Vietnam, a large market with 90 million people and consumption of 3.8 billion litres of beer in 2016,
...More info on site
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Vietnam: Sabeco reports 33% jump in 2016 profit
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Vietnam’s biggest brewer Sabeco has reported a profit of VND4.6 trillion ($205 million) for last year, a 33 percent jump from 2015 and 27
...More info on site
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Russia: Carlsberg warns beer market will shrink at least 5% this year
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Carlsberg A/S warned the Russian beer market will shrink at least 5 percent this year, stunting the Tuborg maker’s growth prospects as a ban
...More info on site
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Japan: Kirin’s operating profit likely rose more than 10% last year - report
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Kirin Holdings' group operating profit likely rose more than 10% to around 140 billion yen ($1.24 billion) for the fiscal year ended Dec. 31 as beers lost fizz but soft-drink sales bubbled up beyond expectations, Nikkei Asian Review reported on February 8.
The brewer's standing forecast has operating profit growing 7% to 134 billion yen.
Sales apparently slipped 6% to around 2.07 trillion yen. Shipments are seen down 5% in beer. The Ichiban Shibori flagship beer sold briskly, thanks to limited-edition flavors for each Japanese prefecture. But the Tanrei low-malt brand and Nodogoshi no-malt beer suffered. The segment's profits improved overall, partly on lower ingredient costs.
Overseas, Kirin enjoyed strong earnings from operations in Myanmar, in whose largest brewer the company purchased a majority stake in 2015. But in the Oceania region, beer and soft-drink sales failed to flourish against a strong yen.
The company’s fiscal 2016 earnings come out on Monday, February 13. For fiscal 2017, the company expects its beverage business to keep growing and plans to add a new flavor to the Nodogoshi lineup, targeting a 2% boost to beer sales. Profits should also improve once Kirin finalizes the sale of a Brazilian beer business that continues to face operating losses.
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Vietnam: Carlsberg to bid for Vietnam’s Habeco in March or April - CEO
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Carlsberg will bid for Vietnam's state-controlled brewery Habeco in March or April, the Danish brewer's chief executive was quoted as saying by Nasdaq on
...More info on site
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India: The Karnataka High Court orders closure of United Breweries (Holdings)
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The Karnataka High Court on February 7 ordered the closure of United Breweries (Holdings) Limited, the parent company of UB Group, to recover dues payable to a US-based company by Vijay Mallya's now-defunct Kingfisher Airlines, the International Business Times reported.
IAE International Aero Engines is partly owned by United Technologies Corp's Pratt & Whitney and supplies engines for Airbus A320 jetliners.
In 2013, United Breweries (Holdings) Ltd had filed a lawsuit against International Aero Engines and its shareholders in a court in Bengaluru, alleging that the IAE V2500-A5 engines supplied to Kingfisher Airlines were "inherently defective, both in design and manufacture." United Breweries (Holdings) also sought $236 million in damages from International Aero Engines.
On Tuesday, February 7, Justice Vineet Kothari delivered the verdict while allowing a petition filed in 2012 by International Aero Engines. The Judge pronounced the order sitting at the Dharwad Bench of the High Court via video conference.
Kingfisher Airlines and United Breweries Holdings together owed Rs 153 crore to International Aero Engines in 2012 when the petition was filed. United Breweries Holdings was the guarantor for Kingfisher Airlines.
Shares of United Breweries Holdings closed at Rs 39.80, down 2.45 percent from their previous close on the BSE.
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India: United Breweries board asks Vijay Mallya to step down as non-executive chairman
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The board of United Breweries on February 8 asked Vijay Mallya to step down as its non-executive chairman following a Sebi order which barred the embattled businessman from holding directorship in any listed company, the Deccan Herald reported.
The decision was taken at the board's meeting in Mumbai on February 8.
In an e-mail to Mallya, United Breweries' Company Secretary Govind Iyengar said that in the absence of any stay or vacation of the Sebi order, the "board is compelled to request you to step down from the board" with immediate effect.
A copy of the e-mail along with extracts of the minutes of the board meeting has been submitted by the company to the BSE.
"The independent directors along with other directors present at the meeting held on February 6, 2017 had resolved not to send the notices and agenda relating to board meetings and/or other privileged information to Vijay Mallya till such time he obtains stay of the Sebi order," the company added.
The board deliberated on the matter and also reviewed the legal opinions obtained in this regard.
Last month, Sebi had banned Mallya and six former officials of United Spirits Ltd (USL) from securities markets in a case related to illegal fund
...More info on site
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Ethiopia: Habesha Breweries mulling launch of new zero- and low-alcohol beers
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Ethiopia’s Habesha Breweries SC is contemplating to bottle new beverages, EthioSports reported on February 5.
Getaneh Asfaw, marketing manager, told The Reporter that his company is planning to produce sparkling and still water, non-alcoholic beer and a new beer with low alcohol content.
Habesha Beer, which joined the local market in July 2015, has become a popular beer brand. The beer has five percent alcohol content. The company is now planning to introduce beer with lower alcohol content.
“We will decide based on the market study. It is too early to talk about the details,” Getaneh said.
Asked if Habesha will build a new plant that will bottle the planned products or use the existing facility Getaneh said it will be decided based on the study. The study will be completed within three months. The company hopes to introduce the new products in 2018.
Habesha Breweries was established by 8,000 Ethiopian shareholders including traditional associations like equbs, idirs and Ethiopians in the diaspora who contributed 4,000 birr to 5 million birr. Habesha built its 650,000 hectolitres beer manufacturing plant in Debre Birhan city, 120 km north of Addis Ababa. The second largest brewery in the Netherlands, Bavaria, holds 40 percent stake in Habesha Breweries.
Getaneh
...More info on site
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Thailand: Singha Corp launches new lager U Beer
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U Beer, a new lager produced by Singha Corp, the original Thai brewery since 1933, is the latest addition to Thailand's domestic beer market, Yahoo Finance reported on February 6.
Since December, Thailand's local beer lovers as well as international visitors have been able to enjoy the fresh new taste of U Beer, a new brand adding to the Singha and Leo Beer, the market leading brands already brewed by Singha Corp., a company also known as Boonrawd Brewery.
U Beer, inspired by European lager, offers a smooth taste, brewed for the new generation with its hip modern label design.
U Beer, a lager with alcohol volume of 5.0%, is available at selected venues around the country in two bottle sizes, 620 Ml and 320 Ml.
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Trinidad and Tobago: Recent beer tax hikes has no effect on consumption
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Recent tax hikes on beer and cigarettes in Trinidad and Tobago have not affected consumption of these two items and have actually contributed to increased Government revenue from the two areas, Finance Minister Colm Imbert was quoted as saying by the Trinidad Guardian on February 7.
But there’s been no increased revenue following tax hikes on rum/spirits, he added during a Senate contribution.
Imbert spoke about the situation, in dealing with orders to finalise tax hikes on beer, cigarettes and rum/spirits. These had been announced last year in the 2017 Budget. The orders apply to customs import/excise duties on the products including from the Caricom area.
Among reasons was to curb excessive consumption of cigarettes particularly. Imbert noted it cost $500,000 to treat one lung cancer case.
Imbert said despite the increased taxes on beer, there was no apparent decrease in consumption, but rather, increased revenue from this area.
He said revenue from this item stood at $47 million over October/ December 2015, but rose to $55 million over the same period in 2016 following the tax hike.
Imbert said revenue collection was also up for cigarettes despite higher taxes on the product. Revenue for October/December 2015 was $50.8 million. This rose to $58 million over
...More info on site
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Barley News
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Canada: The Canadian Malt Barley Technical Centre releases list of recommended barley varieties
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The Canadian Malt Barley Technical Centre has released its annual list of recommended barley seed varieties for the 2017 planting season.
There are several two-row varieties on the CMBTC’s list (CDC Copeland, AC Metcalfe, AAC Synergy, Bentley, Newdale, CDC Polar Star, CDC Kindersley), but only three recommended varieties of six-row barley. FP Genetics distributes pedigreed seed for two of these varieties, Legacy and Tradition. Canterra Seeds distributes pedigreed seed for the third two-row variety, Celebration. The CMBTC notes that there is limited demand for each of these six-row varieties.
Two new two-row varieties will be in the seed propagation stage in 2017. AAC Connect is being propagated for the market by Canterra seeds; SeCan is growing out CDC Bow.
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Whisky News
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India: Diageo may be forced to buy rest of shares in United Spirits Limited
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India’s stock market regulators are mulling whether to force Diageo to offer to buy the 44% of the shares it does not own in United Spirits Limited (USL), the sub-continent’s largest spirits group, The Drinks Business reported on February 7.
The debate centres on last year’s controversial US$75 mln payment from Diageo to Vijay Mallya to secure his severing links with USL and standing down as the company’s non-executive chairman. Did that deal bring about a change of control at USL? If it did, then Diageo could be required to make an “open offer” to buyout other USL shareholders.
India’s Economic Times has quoted a senior official at the country’s Securities and Exchange Board (Sebi) as saying “Our view is that before the settlement agreement was entered into there was dual control of Mallya and Diageo in USL, but now there is a change of control.”
For its part Diageo is quoted as saying: “It is clear that Diageo has been in control of USL since we started fully consolidating USL results in July 2014. We are, therefore, very clear that there was no change of control in February 2016 [when the Mallya deal was concluded].”
Should the securities board decide against Diageo and
...More info on site
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