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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 19b
May 11 - May 14, 2017

Quote of the Week

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Currency Rates

Base Currency: Euro
on May 12, 2017
Base Currency: US Dollar
on May 12, 2017
      1 EUR = 1.0860 USD
1 EUR = 0.8449 GBP
1 EUR = 1.4906 CAD
1 EUR = 1.4737 AUD
1 EUR = 123.6900 JPY
1 EUR = 3.4363 BRL
1 EUR = 62.1595 RUB
1 EUR = 7.4957 CNY
      1 USD = 0.9199 EUR
1 USD = 0.7745 GBP
1 USD = 1.3709 CAD
1 USD = 1.3580 AUD
1 USD = 114.0600 JPY
1 USD = 3.1602 BRL
1 USD = 57.1161 RUB
1 USD = 6.9031 CNY

Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend

May 12, 2017
French Barley/Malt
Crop 2016
2RS Malting Barley (FOB Creil) 177.50-179.50 down0.56%
6RW Malting Barley (FOB Creil) 161.00-163.00 -
2RS Malt (FOB Antwerp) 376.50-378.50 down0.32%
6RW Malt (FOB Antwerp) 356.50-358.50 -
Feed Barley (FOB Creil) 137.00-139.00-
French Barley/Malt
Crop 2017
2RS Malting Barley (FOB Creil) 182.50-184.50 -
6RW Malting Barley (FOB Creil) 160.00-162.00 down0.62%
2RS Malt (FOB Antwerp) 377.50-379.50 -
6RW Malt (FOB Antwerp) 350.00-352.00 down0.35%
Feed Barley (FOB Creil) nq 
German Malting Barley
Crop 2016
Ex Farm
Average Malting Barley Price 176.50-178.50 up0.21%
Danish Malting Barley
Crop 2016
Free on truck
Ex Farm
Malting Barley (East) 1,134.00-1,136.00 -
Malting Barley (West) 1,134.00-1,136.00 -
Danish Malting Barley
Crop 2017
Free on truck
Ex Farm
Malting Barley (East) 1,214.00-1,216.00 -
Malting Barley (West) 1,214.00-1,216.00 -
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 131.00-133.00 -
6-Row Malting Barley, bulk, railcar Minneapolis, Minnesota nq  
6-Row Malt, bulk, railcar Minneapolis, Minnesota nq  
Feed Barley, basis Great Falls, Montana 104.00-106.00 -
-No change; upPrice increase; downPrice decrease versus last publication.

Click here to see our Market Prices History.

Top Industry News

Malt news UK: Brewers, maltsters and distillers increase barley and wheat usage in Q1 2017 ...Click here

Brewery news World: Africa by far the fastest growing region for beer consumption ...Click here
Brewery news Belgium: Domestic beer sales decline but exports up 8.1% last year ...Click here
Brewery news Thailand: ThaiBev’s first-half earnings fall 1.8% ...Click here
Brewery news India: Carlsberg expects ‘volatile year’ in India ...Click here
Brewery news Zimbabwe: AB InBev’s Delta Corp reports 10% decline in full-year revenue ...Click here
Brewery news India: United Breweries discontinues brewing in Bihar due to prohibition of alcohol in the state ...Click here

Barley news World: Barley production expected to drop significantly in 2017/18 ...Click here
Barley news World: Barley stocks to end next season at their lowest in more than 30 years ...Click here

More Industry News

Brewery news Romania: United Romanian Breweries Bereprod to invest EUR1.2 mln in making unpasteurized beer ...Click here
Malt news Australia: GrainCorp’s malt business continues to perform well ...Click here
Whisky news Africa: Diageo to roll out local Scotch whisky bottling operations across Africa ...Click here
Brewery news UK: Heineken announces launch of Heineken 0.0 ...Click here
Hops news USA & South Africa: No more South African hops for US craft brewers ...Click here
Brewery news Belgium: AB InBev’s alcohol-free Jupiler 0.0% beer surpasses sales of its predecessor ...Click here
Brewery news India: Carlsberg’s trademark infringement petition dismissed by the Delhi High Court ...Click here
Brewery news India: AB InBev appoints new head of its India operations ...Click here

Graph of the week

Table of the week

German Beer Market Overview

Table of the week.
Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

Scientific Digest


This question was asked by this US research team. They tested several enzymes as well as a lager and an ale yeast in an aqeous extract of spent hops of 18 different hop varieties. Aqueous extracts of spent hop material (50 g/L) were shown to contain less than 1 g/L (0.1 degrees Plato) of fermentable carbohydrates. They found that slight increases in monoterpene alcohol concentrations are influenced by the non-oil components present in hops. So it is clear that aglycones are indeed liberated from glycosides upon treatment with exogenous enzymes. However the overall contribution of glycosides to conventionally hopped beers should not be overstated. Dosage rates used in this study were 10 to 50 times higher than those typically used in brewing, yet only modest increases toterpene alcohol concentrations were observed.

Sharp, D.: Examination of Glycoside Hydrolysis Methods for the Determination of Terpenyl Glycoside Contents of Different Hop Cultivars
Read more

Source: Barth Innovations

These Days in Business History

11 May
1861 - In a move of symbolic support for the Union, the New York Stock Exchange bans all trading in Confederate stocks and bonds. (However, members are still free to short-sell any Union securities they choose)
1907 - Bank of San Francisco incorporated
1928 - General Electric opens 1st TV-station (Schenectady, New York)
2010 - David Cameron becomes Prime Minister of the United Kingdom following talks between the Conservatives and Liberal Democrats to form the UK's first coalition government since World War II after elections produced a hung parliament

12 May
1916 - Einstein's Theory of General Relativity presented
1949 - 1st Polaroid camera sold $89.95 in New York City
1949 - The Soviet Union lifts its blockade of Berlin
1975 - Israel signs an agreement with European Economic Market

13 May
1842 - 1st edition of London Illustrated News
1862 - Adolphe Nicole of Switzerland patents chronograph
1884 - Institute for Electrical and Electronics Engineers (IEEE) forms

14 May
1872 - Metropolitan Gas Company lamps lit for 1st time
1881 - World's 1st elec tram goes into service in Lichterfelder (near Berlin)
1955 - Cold War: Eight Communist bloc countries, including the Soviet Union, sign a mutual defense treaty called the Warsaw Pact


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

MaltMalt News Malt

Malt newsUK: Brewers, maltsters and distillers increase barley and wheat usage in Q1 2017
In Q1 2017, United Kingdom’s brewers, maltsters and distillers used 460 thousand tonnes of barley, up 3.2%, and 172 thousand tonnes of wheat, up ...More info on site

Malt news Australia: GrainCorp’s malt business continues to perform well
GrainCorp’s half-year earnings soared on the back of a big Australian grain harvest and a lift in export volumes, the Weekly Times Now reported on May 12.

The strong result, which the company (GNC) said was consistent with guidance it gave in February for the full year, led to a doubling of the interim dividend compared to last year’s payout.

Net profit for the period jumped sharply to A$90 million in the six months through March from A$20.4 mLN a year earlier, GrainCorp said on May 11.

Stripping out one-time items, earnings before interest, tax, depreciation and amortisation was 76 per cent higher at A$236 mln, from A$134 mln previously, the company said.

Revenue for the half year was 19 per cent higher at A$2.46 billion against A$2.07 bln the year before.

In late February, GrainCorp forecast its fiscal 2017 ebitda would rise to between A$385 mln and A$425 mln, from A$256 mln the year prior, thanks to a record crop in eastern Australia and a strong performance from its GrainCorp Malt business.

The malt business continued to perform well, despite an unfavourable exchange-rate impact, and the expansion of a plant in Idaho due to come on line in July will more than double the site’s ...More info on site

BreweryBrewery News Brewery

Brewery newsWorld: Africa by far the fastest growing region for beer consumption
Africa is by far the fastest growing region for beer consumption, market research group GlobalData (formerly Canadean) has said.

The group said it found over ...More info on site

Brewery newsBelgium: Domestic beer sales decline but exports up 8.1% last year
Belgian beer sales continue to slip. Last year, 7.7 million hectolitres of beer were sold, a 3.3 % slump, much worse than the average ...More info on site

Brewery newsThailand: ThaiBev’s first-half earnings fall 1.8%
Thai Beverage saw 1H earnings fall 1.8% to 14.3 billion baht (S$580 million) from a year ago, as the King’s mourning period had a ...More info on site

Brewery newsIndia: Carlsberg expects ‘volatile year’ in India
Danish brewer Carlsberg expects 2017 to be "volatile year" in India with its sales in the country continuing to be hit through the first ...More info on site

Brewery newsZimbabwe: AB InBev’s Delta Corp reports 10% decline in full-year revenue
Delta Corp Ltd., Zimbabwe’s biggest company by market value, said full-year revenue fell 10 percent as consumers struggling for cash turned to cheaper brands ...More info on site

Brewery news India: United Breweries discontinues brewing in Bihar due to prohibition of alcohol in the state
Vijay Mallya-promoted United Breweries said on May 11 it has discontinued brewing operations at its manufacturing unit in Bihar due to prohibition of alcohol in the state, The New Indian Express reported.

"Consequent to imposition of total prohibition effective April, 2017, commercial production at the company's brewery located at Naubatpur, District Patna has been discontinued," United Breweries Ltd (UBL) said in a regulatory filing.

The Nitish Kumar-led Grand Secular Alliance government had first banned the manufacture, trade, sale, consumption of country-made liquor from April 1, but later imposed a blanket ban on all types of liquor including foreign liquor in the state.

In September last year, the Patna high court quashed the government notification completing banning liquor in the state.

UBL said the Bihar government has challenged Patna High Court's decision and the matter is pending in Supreme Court.

UBL has 21 company-owned manufacturing units across the country. It operated only one unit in Bihar. In a separate filing, the company said it has launched a new product 'Kingfisher-Storm' in the strong beer category.

The UBL ...More info on site

Brewery news Romania: United Romanian Breweries Bereprod to invest EUR1.2 mln in making unpasteurized beer
Romanian beer producer United Romanian Breweries Bereprod (URBB) will invest EUR 1.2 million in making unpasteurized beer under the Skol brand, local Wall-street.ro reported on May 11.

This is its first major investment this year. The company started working on this project at the end of 2015. The investment will generate a 6% increase in the production capacity or 150,000 hectolitres.

The company has hired 50 people since the beginning of this year for this project. URBB current team includes more than 750 employees.

“We will produce annually between 50,000 and 100,000 hectolitres of unpasteurized Skol beer,” said Shachar Shaine, URBB president.

He gave the example of the Carlsberg beer brand, which in Poland managed to have great results on the unpasteurized beer segment. “In five years, they’ve managed to increase the sales five times for that brand. The unfiltered beer sales account there for 20% of the market of 40 million hectolitres. I see the same potential for the Romanian market,” Shachar Shaine told Wall-street.ro.

URBB is the second local producer that starts making unpasteurized beer, after Ursus launched unpasteurized beer under the Timisoreana brand earlier this year. The unpasteurized Skol will be officially launched on the market in the next two weeks.

URBB, which ...More info on site

Brewery news UK: Heineken announces launch of Heineken 0.0
Heineken on May 12 announced the launch of new drink Heineken 0.0, an alcohol-free version of its flagship lager, in the UK, the Business Insider reported.

The launch comes as consumers increasingly shun boozy drinks in favour of healthier options. Market research company Euromonitor International said on May 11 that the global alcoholic drinks market declined for the second year in a row in 2016. The volume of alcohol sold last year declined 0.2%, following a 0.8% fall in 2015.

The trend for "clean living" in the US and European markets has led to slowdown in alcohol sales. Figures from the UK Office for National Statistics released earlier this month show drinking rates in Britain are declining. 56.9% of people aged 16 and over had a drink in the week before being interviewed, down from 64.2% in 2005.

Heineken says in the release announcing 0.0 that the drink taps into the "growing cultural trend around the importance of responsible alcohol consumption and living a balanced, healthy lifestyle."

Gianluca Di Tondo, Heineken's senior director of global brand, says in a release on May 12: "The zero alcohol segment in Europe and Russia grew with a 5% CAGR (compound annual growth rate) between 2010 to 2015. ...More info on site

Brewery news Belgium: AB InBev’s alcohol-free Jupiler 0.0% beer surpasses sales of its predecessor
AB InBev’s alcohol-free beer, Jupiler 0.0%, is a resounding success, surpassing its predecessor’s annual volume by the end of the month, Retail Detail Europe reported on May 12.

“Our Jupiler 0.0% sales in the January – April period are already 2.5 times higher than our Jupiler NA’s sales in the same period of last year,” AB InBev’s spokesperson Korneel Warlop said.

With 75% of sales from stores, the beer easily outperforms other beer brands in that area. Jupiler 0.0% is currently available in about 5,500 catering businesses as well. AB InBev’s Belgian market share for non-alcoholic beers is up to 83.5%, although it only represents 2.2% of the overall beer market. Germany and Spain do much better in that regard, with 10.4 and 17.7% respectively. The company’s goal is to bring its non-alcoholic (or light alcoholic) drink volume up to 20% of its overall beer volume.

Brewery news India: Carlsberg’s trademark infringement petition dismissed by the Delhi High Court
In a major relief to Som Distilleries & Breweries Ltd, the maker of the Hunter beer brand, the Delhi High Court has dismissed a petition filed by its Danish rival Carlsberg, alleging trademark infringement of one of its brands, VCCircle reported on May 12.

The Indian subsidiary of Carlsberg Breweries AS had alleged that Madhya Pradesh-based Som Distilleries was using the bottle design, labeling, pull-off caps and packaging identical to its brand Tuborg, which would create confusion in the minds of consumers.

“The defendant (Som Distilleries) is also in the same line of business, is marketing its product under the brand name ‘Hunter’, and has adopted an imitation of the registered bottle design, registered label mark and trade dress in respect of its product,” argued Senior Advocate Sudhir Chandra who represented Carlsberg in the case.

The dispute between the two beer brands can be traced back to April 2015 when Som Distilleries launched a rebranded version of its Hunter beer, which up until that time was being sold under different packaging and a different colour.

The counsel representing the domestic company argued that Hunter is a well-established brand introduced in 1995, and hence, the company has no reason to imitate the Tuborg brand.

“The features ...More info on site

Brewery news India: AB InBev appoints new head of its India operations
World's largest brewing company Anheuser-Busch InBev has appointed Ben Verhaert as the new head of its India operations, replacing Pedro Aidar, who became the business unit president for India and South Asia seven months ago, the Economic Times reported on May 12.

Verhaert has been with maker of Budweiser and Corona beer for over 15 years and held key positions within the sales and distribution team in Europe.

“While the industry faced some challenges, we focused on innovation, quality and talent to ensure that we are bringing the best products to our consumers and customers. Our commitment to India will only grow stronger from here," said Aidar in a statement. Aidar, who will move in a new role within AB Inbev, shifted to India nearly two years ago and led the company's integration of SabMiller that it acquired last year.

The management change comes at a time when the second larger brewer in India is consistently losing share to rivals including Carlsberg. The headquarter has been recently shifted from Gurgaon to Bangalore, reporting into the Zone President for Asia Pacific South, based out of Melbourne, Australia.

AB InBev — which produces one in four beers around ...More info on site

BarleyBarley News Barley

Barley newsWorld: Barley production expected to drop significantly in 2017/18
World barley production is expected to drop significantly in 2017/18 (to 136.972 mln tonnes vs. 147.043 mln in 2016/17) with reduced crops for Australia, ...More info on site

Barley newsWorld: Barley stocks to end next season at their lowest in more than 30 years
World barley stocks will end next season at their lowest in more than 30 years, as the grain continues to fall out of favour ...More info on site

HopsHops News Hops

Hops news USA & South Africa: No more South African hops for US craft brewers
Hundreds of U.S. craft brewers that had been experimenting with a selection of South African-grown hops will no longer have access to the proprietary supply after Anheuser-Busch InBev, which owns the farm, said it would reserve nearly 100 percent of the latest yield for its own brands, Brewbound reported.

In a statement released on May 11, AB InBev said the decision to restrict access to those hops — which were grown at the SAB Hop Farms subsidiary previously owned by SABMiller and acquired by AB InBev last October when the MegaBrew merger was finalized — was the result of a “poor yield” in 2017.

“South Africa is not a traditional hop growing region,” AB InBev global hops procurement director Willy Buholzer said via a statement. “SAB’s R&D efforts made it possible to grow hops in South Africa but it is still less than 1% of the world hop acreage and production. This year, South Africa suffered from low yields. Previously, SAB has sold a small surplus of locally-grown hops to the market. Unfortunately this year we do not have enough to do so given the poor yield.”

But a U.S. supplier of those very same hop varieties believes the move is “anticompetitive” and ...More info on site

WhiskyWhisky News Whisky

Whisky news Africa: Diageo to roll out local Scotch whisky bottling operations across Africa
Diageo is planning to roll out local Scotch whisky bottling operations across Africa as the group continues its push behind mainstream spirits in emerging markets, The Spirits Business reported on May 12.

Speaking to investors earlier this week, John Kennedy, the group’s president of Europe, Russia, Turkey and India, said Diageo is focusing global investment behind its “accessible” blended Scotch brands, including Black & White & Bell’s brands.

Last year, Diageo’s CFO Kathryn Mikells said Diageo had implemented a “new shift” away from premium to value spirits in turbulent emerging markets such as Latin America and Africa.

“We have reframed the role that our primary Scotch brands will play,” Kennedy said.

“Whilst many of these [emerging market] consumers aspire to enjoy brands like Johnnie Walker or Buchanan’s, they simply cannot afford to on 
every occasion and on the occasions they cannot we want them to purchase a Diageo Scotch.

“We have the brands, and we have the liquid to play a bigger role in this segment.”

Diageo’s primary Scotch brands have increased sales by 3%, Kennedy confirmed, while Black & White is “set to be a two million case brand”.

“Bell’s and Black & White allow us to compete effectively, recruit at the right price points, both ...More info on site

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