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Flash Summary

RombBullet Quote of the week
RombBullet Currency rates
RombBullet Brewers equities
RombBullet Market prices change trend
RombBullet Industry news
RombBullet Graph of the week
RombBullet Table of the week
RombBullet Prices evolution
RombBullet Barley prices
RombBullet Theoretical malt prices
RombBullet Scientific digest
RombBullet Business history
RombBullet Agenda
RombBullet News articles

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E-Malt.com Flash 15a
April 10 - April 12, 2017

Quote of the Week

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Currency Rates

Base Currency: Euro
on April 12, 2017
Base Currency: US Dollar
on April 12, 2017
      1 EUR = 1.0616 USD
1 EUR = 0.8533 GBP
1 EUR = 1.4139 CAD
1 EUR = 1.4137 AUD
1 EUR = 117.3600 JPY
1 EUR = 3.3241 BRL
1 EUR = 60.3042 RUB
1 EUR = 7.3256 CNY
      1 USD = 0.9433 EUR
1 USD = 0.8038 GBP
1 USD = 1.3325 CAD
1 USD = 1.3329 AUD
1 USD = 110.4000 JPY
1 USD = 3.1342 BRL
1 USD = 56.9552 RUB
1 USD = 6.8994 CNY

Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend

April 12, 2017
French Barley/Malt
Crop 2016
2RS Malting Barley (FOB Creil) 178.50-180.50 down0.55%
6RW Malting Barley (FOB Creil) 160.00-162.00 down0.62%
2RS Malt (FOB Antwerp) 377.00-379.00 down0.32%
6RW Malt (FOB Antwerp) 354.50-356.50 down0.34%
Feed Barley (FOB Creil) 135.00-137.00-
French Barley/Malt
Crop 2017
2RS Malting Barley (FOB Creil) 180.50-182.50 -
6RW Malting Barley (FOB Creil) 158.00-160.00 up0.63%
2RS Malt (FOB Antwerp) 375.00-377.00 -
6RW Malt (FOB Antwerp) 347.50-349.50 up0.35%
Feed Barley (FOB Creil) nq 
German Malting Barley
Crop 2016
Ex Farm
Average Malting Barley Price nq  
Danish Malting Barley
Crop 2016
Free on truck
Ex Farm
Malting Barley (East) 1,149.00-1,151.00 -
Malting Barley (West) 1,149.00-1,151.00 -
Danish Malting Barley
Crop 2017
Free on truck
Ex Farm
Malting Barley (East) 1,179.00-1,181.00 up0.85%
Malting Barley (West) 1,179.00-1,181.00 up0.85%
Canadian Barley/Malt
Crop 2016
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  
Feed Barley, basis Lethbridge 162.00-164.00 -
Feed Barley, basis Winnipeg 162.00-164.00 -
Feed Barley, bulk in store, Vancouver 222.00-224.00 -
US Barley/Malt
Crop 2016
2-Row Malting Barley, bulk, railcar Great Falls, Montana 132.00 -
6-Row Malting Barley, bulk, railcar Minneapolis, Minnesota nq  
6-Row Malt, bulk, railcar Minneapolis, Minnesota nq  
Feed Barley, basis Great Falls, Montana 105.00 -
-No change; upPrice increase; downPrice decrease versus last publication.

Click here to see our Market Prices History.

Top Industry News

Brewery news Africa: AB InBev to export its African beers to markets around the world ...Click here
Brewery news China: Chinese brewers poised for further consolidation faced with a shrinking domestic market ...Click here
Brewery news Romania: Beer market stays flat in 2016 ...Click here
Brewery news Malaysia: Heineken Malaysia’s net profit down 3.7% in Q1 ...Click here
Brewery news USA: Boston Beer’s Jim Koch laments the effect of acquisitions by big brewers on the craft beer industry ...Click here
Brewery news Asia: Kirin Holdings to export its ‘craft’ beers around Asia ...Click here

Barley news World: World barley trade forecast lowered on smaller than expected export from the EU and Russia ...Click here

More Industry News

Brewery news Japan: Sapporo demands return of tax paid for Goku Zero Drink ...Click here
Brewery news UK & Ireland: Diageo to ‘manage through’ Brexit without disruptions of Guinness supplies ...Click here
Whisky news South Africa: AB InBev completes sale of shareholding in Distell Group Limited ...Click here
Brewery news UK: BrewDog sells 22% stake to private equity house ...Click here
Brewery news India: Carlsberg India launching Tuborg Classic ...Click here
Whisky news World: China’s Kweichow Moutai overcomes Diageo and becomes world’s most valuable liquor company ...Click here
Brewery news Ethiopia: Guinness Beer introduced to Ethiopia’s market ...Click here
Brewery news Angola: Castel to grow maize in Angola for beer production ...Click here

Graph of the week

Table of the week

The Number of US Breweries 2009 - 2016

Table of the week.
Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

Scientific Digest


A German research group is looking into beneficial compenents in hops to improve flavour stability. In their latest publication, they summarize their trails using CO2 extract in context with reducing the iron content in beer. In comparison to dosing the extract at the beginning of boil they tried different versions of dividing the hop dosing throughout the boil. With this they were able to reduce the iron content by about 30%, resulting in improved flavour stability not only based on analytical values but also on sensory evaluation.

Wietstock, Ph. et al: Influence of Hopping Technology on Oxidative Stability and Staling-Related Carbonyls in Pale Lager Beer, Brewing Science, November / December 2016 (Vol. 69)
Read more

Source: Barth Innovations

These Days in Business History

10 April
1790 - U.S. Patent system forms
1816 - The Federal government of the United States approves the creation of the Second Bank of the United States
1930 - Synthetic rubber 1st produced
1956 - Philips broadcasts 1st Dutch color TV programs

11 April
1919 - The International Labour Organization is founded
1929 - Loetafoon celluloid film system demonstrated in Amsterdam
1992 - Euro-Disney opens near Paris
1994 - Software programmer Marc Andreesen, then 22 years old, and venture capitalist Jim Clark, the co-founder of Silicon Graphics Inc., found Mosaic Communications Corp

12 April
1903 - Jan Tinbergen is born, Dutch economist and U.N. advisor, Nobel 1969
1905 - French Dufaux brothers test helicopter
1992 - The Euro Disney Resort officially opens with its theme park Euro Disneyland. The resort and its park's name are subsequently changed to Disneyland Paris
1996 - One of the first companies ever to go public with an exclamation point in its name, Yahoo! Inc., launches its IPO on NASDAQ, selling 2.6 million shares at an initial price of $13 a share


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

BreweryBrewery News Brewery

Brewery newsAfrica: AB InBev to export its African beers to markets around the world
Anheuser-Busch InBev NV will export African beer brands to its markets around the world as the Budweiser maker seeks to maximize the potential of ...More info on site

Brewery newsChina: Chinese brewers poised for further consolidation faced with a shrinking domestic market
Faced with a shrinking domestic market for the third straight year, China Resources Beer and Tsingtao Brewery have struggled to turn around their fortunes, ...More info on site

Brewery newsRomania: Beer market stays flat in 2016
Romania's beer market stayed flat in terms of volume in 2016 as compared to the previous year, at 15.8 million hectolitres, the Brewers of ...More info on site

Brewery newsMalaysia: Heineken Malaysia’s net profit down 3.7% in Q1
Heineken Malaysia Bhd saw its net profit fall 3.7% to RM48 million in the first quarter ended March 31, 2017 (1QFY17) from RM50 million ...More info on site

Brewery news Asia: Kirin Holdings to export its ‘craft’ beers around Asia
Kirin Holdings Co. plans to export its premium “craft” beers around Asia, starting with Taiwan in mid-May, and have regional demand account for 10 percent of overall sales of the series this fiscal year, Asahi Shimbun reported on April 11.

The beverage giant, citing the products’ high reputation among foreign visitors to Japan, intends to further tap into the overseas market with three products that are part of Grand Kirin series launched in 2012.

One of the beers, Japan Pale Lager (JPL), which went on sale in Japan in March this year, boasts a gorgeous flavor through the use of domestically produced malt and hops, Kirin said.

The JPL’s bottle is covered with cherry blossom designs to give it a Japanese appearance.

A 330-milliliter bottle of JPL will be priced at about 320 yen ($2.90) in Taiwan, twice the cost of Kirin’s mainstay Ichiban Shibori draft beer that is already available on the island.

Despite the higher price, Kirin expects to expand its market around Asia, where rich people, younger customers and others have shifted to alcoholic beverages that boast distinctive tastes and consist of well-selected ingredients.

Kirin plans to start exporting the beers to South Korea and China by around summer. Southeast Asian countries, such ...More info on site

Brewery news USA: Boston Beer’s Jim Koch laments the effect of acquisitions by big brewers on the craft beer industry
A beer battle is brewing between Sam Adams and Miller Lite, Fortune reported on April 10.

The companies that make those beers, Boston Beer and Molson Coors respectively, have found themselves in a war of words after The New York Times published an op-ed by Boston Beer founder Jim Koch in which the brewer lamented the effect Big Beer mergers have had on the craft beer industry. According to Koch, mergers and acquisitions led by Molson Coors' subsidiary MillerCoors and Anheuser-Busch InBev have led to $2 billion in higher prices annually, thousands of lost jobs, and a more restrictive wholesaler channel that favors Big Beer over craft upstarts.

"I worry that yet another major shift in the beer landscape is upon us — and this time, American consumers will be the losers," writes Koch in a Times op-ed entitled "Is It Last Call For Craft Beer?" That piece comes shortly after the trade organization Brewers Association—which advocates for the craft industry—reported 2016's volume increased a fairly modest 6%, partly due to Big Beer binging on craft rivals at a rapid pace. When large-scale beer concerns buy craft brewers like Ballast Point and Lagunitas, sales of their ales are no longer deemed "craft"—though ...More info on site

Brewery news Japan: Sapporo demands return of tax paid for Goku Zero Drink
Sapporo Breweries on April 11 filed a lawsuit with the Tokyo District Court demanding the Japanese government return 11.5 billion yen ($104 million) in liquor tax that the brewery paid for its Goku Zero drink, the Nikkei Asian Review reported.

The Japanese brewery introduced the canned, quasi-beer alcoholic drink in 2013 as a "third beer," which is subject to a lower tax rate than regular beer.

The company's standoff with the government began when the National Tax Agency subsequently claimed that the product is "happoshu," another legal definition for quasi beers. This type of beverage is subject to a higher tax rate than third beer but lower than regular beer.

After the agency notified Sapporo of its views, the brewery conceded and suspended shipment of Goku Zero, which was introduced as the first beer of its type that does not contain carbohydrates or purines. It then paid back taxes on the drinks that had already been sold.

The unexpected tax payment forced Sapporo Holdings, Sapporo Breweries parent company, to book an extraordinary loss for the year ended December 2014.

Sapporo Breweries subsequently restarted selling Goku Zero in 2014 after changing its manufacturing method.

Brewery news UK & Ireland: Diageo to ‘manage through’ Brexit without disruptions of Guinness supplies
Drinks giant Diageo has moved to dismiss suggestions it could close its east Belfast Guinness packaging facility if a hard border is introduced post Brexit, The Irish News reported.

Just last month Diageo Ireland's country manager Oliver Loomes argued that a hard border would be “very unwelcome”, but said it would hit suppliers more than the business itself.

He warned small businesses and farms that supply Diageo with milk and barley for its liqueur and beer would face “enormous disruption” and very significant additional costs that could cost jobs.

Diageo has operations north and south of the border and has more reason than most to fear a return to custom posts.

The company, which owns Guinness and Baileys, makes 18,000 border crossings a year and there are fears a hard border could lead to delays and additional cost to its operations in Ireland.

Roughly 13,000 crossings are made transporting Guinness between the St James Gate brewery in Dublin and the east Belfast packaging facility on the Marshalls Road and then to Dublin for worldwide shipping. A similar process is also carried out with Baileys at Diageo's production facility in Mallusk.

Seamus Leheny from the Freight Transport Association (FTA) said a hard border would spell bad news ...More info on site

Brewery news UK: BrewDog sells 22% stake to private equity house
Early investors in “punk” beer firm BrewDog will be able to bank a hefty profit this week. An injection of cash from a private equity house valued the company at £1 bln, 10 years after it began life in its co-founder’s mother’s garage, The Guardian reported on April 9.

San Francisco-based TSG Consumer Partners agreed to buy 22% of BrewDog, whose idiosyncratic beers and international network of bars have won it a cult following, in a deal worth £213 mln.

Some £100 mln will be invested in the business while TSG, which also owns US brewer Pabst, also spent £113 mln buying shares from existing investors, according to the Sunday Times.

Founders James Watt and Martin Dickie are understood to have made £100 mln between them as a result of the deal, a decade after they used a £20,000 bank loan to start brewing in Fraserburgh, Aberdeenshire.

BrewDog’s army of nearly 50,000 “Equity Punks”, its name for investors in four previous rounds of crowdfunding, will be able to sell up to 15% of their shares from this week, the company said.

Watt told investors that they stand make a return of 2,800% if they were among those who bought in at the first opportunity in ...More info on site

Brewery news India: Carlsberg India launching Tuborg Classic
Carlsberg India is launching a new version of its Tuborg beer - Tuborg Classic - to further strengthen its strong beer portfolio to compete with rivals United Breweries (UB) and SABMiller, ETRetail.com reported.

Presently launched in Maharashtra, Tuborg Classic will be available in select markets over the next few months.

“Today, consumers appreciate the distinctive quality and taste of premium beers,” said Michael Jensen, managing director of Carlsberg, the third largest player in India. “Keeping in line with the trends, we have launched Tuborg Classic, a brew made with Scotch Malts offering a stronger and smoother taste,” he added.

In beer, UB dominates with 52% market share but Carlsberg has gained the most with 15% share in the last five years giving stiff competition to SABMiller which is at 20%.

“With Tuborg Classic, we aim to further strengthen our commitment to the Indian market and expand our portfolio,” said Mahesh Kanchan, director marketing, Carlsberg.

According to a recent report by Ambit Capital, SABMiller has been losing market share to Carlsberg, which has followed an aggressive on-premise marketing of Tuborg and Carlsberg brands in larger cities through price promotions and branding exercises.

Brewery news Ethiopia: Guinness Beer introduced to Ethiopia’s market
Guinness Beer, the internationally known stout beer and product of Diageo, has been introduced to Ethiopia’s market at Sheraton Addis on Friday, April 7, 2017, 2merkato reported.

Currently Ethiopia’s total beer consumption stands at 12 million hectolitres of beer per year. This made the Horn of Africa nation a desirable place for multinational companies to invest heavily in the beer industry of Ethiopia.

Diageo entered the Ethiopian market after acquiring Meta Abo Brewery in 2012 through privatization for 225 million USD.

The beer is scheduled to be launched in Addis Ababa on April 14 and expected to reach retailers throughout Ethiopia. The price is also expected to be higher than other local beers, including Heineken which is retailed at 15 Birr.

Brewery news Angola: Castel to grow maize in Angola for beer production
The French group Castel plans to sign in the short term a contract with the Capanda Agro-Industrial Pole Development Company (Sodepac) regarding the concession of a 4,500 hectare property to produce maize, the managing director of Companhia União de Cervejas de Angola (CUCA) stated.

That company was founded on 26 April 1952 and nationalised in May 1976 after Angola’s independence. It was later sold to the French group during the process of privatising public enterprises.

Managing director Pilippe Frederic also said, as reported by the newspaper Jornal de Angola that the maize will be planted on the land on a concession basis and be used to produce beer. The group is one of the major beer produces in both Angola and Africa.

At the end of an audience with the provincial governor Malanje, Norberto dos Santos, Frederic explained that the expected harvest will be 24,000 tons of maize per year.

The Castel group is a family business founded in Bordeaux in 1949 by nine brothers and sisters. It initially focused on the production and worldwide marketing of French wines.

With the acquisition of Brasseries et Glacières Internationales (BGI) in 1990, the group expanded its activity to the beer and beverage business in Francophone Africa and ...More info on site

BarleyBarley News Barley

Barley newsWorld: World barley trade forecast lowered on smaller than expected export from the EU and Russia
World barley trade is forecast to total 27.205 mln tonnes in 2016/17 versus 27.475 mln in 2015/16, the USDA said in its April report. ...More info on site

WhiskyWhisky News Whisky

Whisky news South Africa: AB InBev completes sale of shareholding in Distell Group Limited
Anheuser-Busch InBev SA/NV on April 12 announced completion of the sale of its entire indirect shareholding in Distell Group Limited to the Public Investment Corporation Limited, acting on behalf of the Government Employees Pension Fund.

The sale was required as a condition of the South African Competition Tribunal’s approval on 30 June 2016 of the business combination between AB InBev and SABMiller.

Whisky news World: China’s Kweichow Moutai overcomes Diageo and becomes world’s most valuable liquor company
Chinese alcohol brand Kweichow Moutai, best known for brewing the fiery grain-based drink baijiu, has overtaken Johnnie Walker-brand owner Diageo Plc. to become the world’s most valuable liquor-company, The Financial Times reported on April 10.

Moutai’s market capitalisation reached $71.5 bln on the Shanghai exchange on April 7, while Diageo’s London capitialistion is $71.1 bln. The Chinese company’s share price has soared in the past year as it has seen rising sales from Chinese consumers upgrading to premium brands, and as a culture of business banqueting and gifting has recovered after a fierce crackdown on lavish spending in officialdom.

Baijiu has few fans outside China, and about 95 per cent of Moutai’s sales are from the domestic market. But total baijiu sales values have surged ahead and now account for 37.5% of total global spirits values, according to the Brand Finance’s most recent Spirits 50 report.

Meanwhile, whisky’s value share of the global spirits market shrank from 37 per cent to 28 per cent. More than 90 per cent of Diageo’s revenue was from North America and Europe in the fiscal year to June. Moutai has been able to increase prices, with the retail cost of its Feitian-label rising RMB100 each month for ...More info on site

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