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Flash Summary
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E-Malt.com Flash 23b
June 08 - June 11, 2017
Quote of the Week
There is always space for improvement, no matter how long you've been in the business.
Oscar De La Hoya
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Currency Rates
Base Currency: Euro
on June 09, 2017 |
Base Currency: US Dollar
on June 09, 2017 |
| |
1 EUR = 1.1229 USD
1 EUR = 0.8676 GBP
1 EUR = 1.5175 CAD
1 EUR = 1.4894 AUD
1 EUR = 123.7700 JPY
1 EUR = 3.6852 BRL
1 EUR = 64.1488 RUB
1 EUR = 7.6332 CNY
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1 USD = 0.8897 EUR
1 USD = 0.7722 GBP
1 USD = 1.3507 CAD
1 USD = 1.3254 AUD
1 USD = 109.9400 JPY
1 USD = 3.2699 BRL
1 USD = 56.9857 RUB
1 USD = 6.7939 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| June 09, 2017 |
French Barley/Malt
Crop 2016
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
176.50-178.50 |  |
| 6RW Malting Barley (FOB Creil) |
158.00-160.00 |  0.63% |
| 2RS Malt (FOB Antwerp) |
376.00-378.00 | |
| 6RW Malt (FOB Antwerp) |
353.50-355.50 | 0.35% |
| Feed Barley (FOB Creil) |
140.00-142.00 | 0.71% |
French Barley/Malt
Crop 2017
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
178.50-180.50 | 0.56% |
| 6RW Malting Barley (FOB Creil) |
160.00-162.00 | |
| 2RS Malt (FOB Antwerp) |
372.50-374.50 | 0.33% |
| 6RW Malt (FOB Antwerp) |
350.00-352.00 | |
| Feed Barley (FOB Creil) |
nq | |
German Malting Barley
Crop 2016
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
177.00-179.00 |  0.40% |
Danish Malting Barley
Crop 2017
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,204.00-1,206.00 | |
| Malting Barley (West) |
1,204.00-1,206.00 | |
Danish Malting Barley
Crop 2018
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,224.00-1,226.00 | |
| Malting Barley (West) |
1,224.00-1,226.00 | |
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 |
nq |
|
| 2-Row Malt, bulk in store, Vancouver |
nq |
|
| 6-Row Malt, bulk, truck/railcar, Winnipeg |
nq |
|
| Feed Barley, basis Lethbridge |
184.00-186.00 |
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| Feed Barley, basis Winnipeg |
184.00-186.00 |
|
| Feed Barley, bulk in store, Vancouver |
246.00-248.00 |
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US Barley/Malt
Crop 2016 |
USD/T |
% |
| 2-Row Malting Barley, bulk, railcar Great Falls, Montana |
148.00-150.00 |
|
| 6-Row Malting Barley, bulk, railcar Minneapolis, Minnesota |
nq |
|
| 6-Row Malt, bulk, railcar Minneapolis, Minnesota |
nq |
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| Feed Barley, basis Great Falls, Montana |
104.00-106.00 |
|
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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.
China: China’s largest brewers seem to have racked up better earnings in Q1
...Click here
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Canada: Brewers lobby group Beer Canada upset about new taxing ways
...Click here
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Nigeria: AB InBev proposes merger of its three Nigerian beer companies
...Click here
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New Zealand: DB Breweries announces 8% increase in annual profit last year
...Click here
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World: Barley trade forecast down 100 thousand tonnes this month
...Click here
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Tanzania: Brewers worried about increase in excise duty on beer and spirits
...Click here
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Japan: Japan’s brewers racing to develop new uniquely flavoured beers ahead of changes in tax laws
...Click here
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Germany: Brewers protest against Carlsberg and Heineken patenting a strain of barley
...Click here
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Graph of the week
Table of the week
Latin America's Most Valuable Beer Brands 2015 - 2017
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
ASK THE HOPS WHEN THEY WANT TO BE
PUT INTO THE BEER
ABSTRACT
For this study a group of US researchers have chosen two
very different varieties, Simcoe and Hallertau Mittelfrueh,
and brewed beers using the following different hopping
regimes: 60 min boil, 25 min whirlpool, or 48 h dry
hopping. Additionally, the impact of the yeast strains
used on treatment was investigated. Each treatment
was compared with an unhopped control using stir-bar
sorptive extraction GC-MS with a descriptive sensory
analysis. Results indicate that whirlpool additions
produced beers with the highest concentrations of
geraniol, linalool, and beta-citronellol, which is in line with
intense citrus flavours one often achieves with high
whirpool additions. Beers with Simcoe produced more
intense and individually distinct aromas with each
hopping regime compared to the Hallertau Mittelfrueh
hopped beers. Conversely, beers brewed with Hallertau
Mittelfrueh hops showed less intense aromas with less
distinction, except for the dry-hopped treatment, which
was characterized by a more floral type of aroma than
the other Hallertau Mittelfrueh treatments. So find out
which time of addition suits best your favourite variety!
Daniel C. Sharp, et al: Contributions of Select Hopping Regimes to the Terpenoid Content and
Hop Aroma Profile of Ale and Lager Beers J. Am. Soc. Brew. Chem. 75(2):93-100, 2017
Read more
Source: Barth Innovations
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These Days in Business History
08 June
1824 - Washing machine patented by Noah Cushing of Quebec
1916 - Francis Harry Compton Crick is born in Northampton, England. In 1953, working with James Watson, he discovers the double-helix molecular structure of DNA, the building block of life (and of the biotechnology industry)
1955 - Tim Berners-Lee, future inventor of the World Wide Web, is born in London
09 June
1822 - Charles Graham patents false teeth
1869 - Ives W. McGaffey of Chicago patents 1st vacuum cleaner
1959 - The USS George Washington is launched. It is the first submarine to carry ballistic missiles
1994 - Jan Tinbergen, Dutch economist (Plan of Labor, Nobel 1969), dies at 91
10 June
1977 - Apple Computer ships its 1st Apple II
1994 - Biggest European clock ever (9100 kg/(237) 2.5 m) at Aarle-Rixtel
1996 - Intel releases 200 mhz pentium chip
2002 - The first direct electronic communication experiment between the nervous systems of two humans is carried out by Kevin Warwick in the United Kingdom
11 June
1644 - Florentine scientist describe invention of barometer
1742 - Benjamin Franklin invents his Franklin stove
1816 - Gas Light Co of Baltimore founded
1998 - Compaq Computer pays US$9 billion for Digital Equipment Corporation in the largest high-tech acquisition
Agenda
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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Brewery News
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China: China’s largest brewers seem to have racked up better earnings in Q1
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China's largest brewers appear to be pulling out of their recent funk, with powerhouses China Resources Beer, Tsingtao Brewery and Yanjing Brewery, which control
...More info on site
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Canada: Brewers lobby group Beer Canada upset about new taxing ways
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Beer Canada, the brewers lobby group that styles itself as “the national voice of beer,” is not happy with the federal government and its taxing ways, Maclean’s reported on June 8.
In its recent 2017 budget, Ottawa hiked excise taxes on beer, wine and spirits by two per cent. No big deal there. Canadians are used to sin tax hikes at budget time. What’s new is that the federal Liberals have now given themselves the right to increase this tax every year by the rate of inflation—without the bother of having to include the future tax hikes in subsequent budgets.
“We weren’t expecting this at all,” says Luke Harford, president of Beer Canada, of the permanently escalating tax. “It’s pretty cynical.”
Nearly 50 per cent of the price of beer in Canada, on average, is tax: either federal or provincial excise and sales taxes, or provincial liquor board markups. It’s one of the highest overall beer tax rates in the world. And now Ottawa’s take is going up automatically every year on April 1. Forever.
On a cash basis, the amounts involved appear modest. That two-per-cent increase is about 5 cents more per case of 24 beers. But Harford is quick to point out
...More info on site
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Nigeria: AB InBev proposes merger of its three Nigerian beer companies
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Anheuser-Busch InBev has proposed a merger of the three Nigerian beer companies in which it holds majority control.
International Breweries, Intafact Beverages and Pabod Breweries
...More info on site
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New Zealand: DB Breweries announces 8% increase in annual profit last year
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New Zealand’s DB Breweries, whose managing director Andy Routley this week announced his exit, lifted annual profit 8 per cent in 2016 as the country's second-biggest liquor company fattened gross margins in the face of largely flat revenue, the New Zealand Herald reported on June 9.
The local liquor company owned by Dutch brewing giant Heineken reported net profit of NZ$27.1 million in calendar 2016, up from NZ$25.1 mln a year earlier, financial statements lodged with the Companies Office show. Revenue rose 2.7 per cent to NZ$499.9 mln, recovering some ground from 2015 when sales were down, while the cost of excise duty, raw materials and packaging edged up 0.1 per cent to NZ$284.7 mln. That helped widen DB's gross margin to 43 per cent from 42.1 per cent in 2015.
DB has been grappling with falling beer consumption and a growing demand for boutique products, with sales of craft beer on the rise. That's spurred the likes of DB and rival Lion to buy their smaller craft beer rivals, the most recent being DB's acquisition of Tuatara Brewing Co in January.
The latest accounts acknowledge the acquisition after the December 31 balance date, while keeping the price paid secret, and saying the
...More info on site
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Tanzania: Brewers worried about increase in excise duty on beer and spirits
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An excise duty rise on beer and spirits can lead to an increase in the consumption of illicit brews and subsequent reduction in company earnings and government revenues, brewing industry players warn.
Serengeti Breweries Limited (SBL) corporate relations director John Wanyancha said the excise duty on beer and spirits is normally passed on consumers. When it is high the prices increase, AllAfrica.com reported on June 8.
But consumers failing to afford the drink turn to illicit brews.
"That can impact negatively on brewing companies as volume sales may decrease, with subsequent fall in government revenues."
He warned that the consumption of illicit brews could endanger health.
He called on the government to maintain the tax concession on local raw materials.
According to him, currently beer companies that source all their raw materials locally are given a 40 per cent tax concession compared with beers that are produced from foreign materials.
He called on the government to maintain that to foster growth of agriculture.
"This encourages more people to grow, barley, wheat, maize and millet because they are assured of a ready market."
Tanzania Breweries Limited (TBL) officials were not available to comment on the matter.
Meanwhile the Confederation of Tanzania Industries (CTI) shares SBL’s opinion that an increase in excise
...More info on site
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Japan: Japan’s brewers racing to develop new uniquely flavoured beers ahead of changes in tax laws
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Japan’s craft beer makers and major brewers are racing to develop new uniquely flavored malt beverages to take advantage of pending changes in the nation’s tax law governing alcohol production, The Japan Times reported on June 9.
The use of fruits, spices and other ingredients such as dried bonito will be allowed in beer production starting in April 2018, following a change under the liquor tax law defining of what constitutes an alcoholic beverage.
Currently, beer ingredients are limited mainly to malt, hops, corn and rice. Beverages that include other materials are currently available, but they have to be labeled happoshu (quasi-beer).
Under the new definition, products using newly permitted ingredients can be categorized as beer unless the proportion of the ingredient to the amount of malt exceeds 5 percent.
Both regional craft beer makers, many of which are experienced at making unique products, and major brewers are moving to take advantage of the expanded definition, at a time when the domestic beer market has been slumping.
After the deregulation, “Suiyoubi No Neko,” a beverage made by Yo-Ho Brewing Co. in Karuizawa, Nagano Prefecture, using orange peel and coriander seeds will likely be reclassified as beer from happoshu.
“Labeling has effects on sales and brand images,”
...More info on site
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Barley News
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World: Barley trade forecast down 100 thousand tonnes this month
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World barley trade forecast for 2017/18 was reduced to 24.265 mln tonnes in USDA’s Grain: World Markets and Trade report this month from 24.365
...More info on site
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Germany: Brewers protest against Carlsberg and Heineken patenting a strain of barley
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Dozens of protesters, six brewery horses and a marching band have demonstrated in front of the European Patent Office (EPO) in Munich to object to a patent by beer giants Carlsberg and Heineken, Deutsche Welle reported on June 7.
In 2016, the two companies jointly patented a strain of barley that improved the taste of beer and allows for a more energy-efficient brewing process.
The beer patents haven't gone down well with Germans, a nation proud of its centuries-old tradition of barley cultivation and beer brewing. Breweries fear financial losses if patents on crops become the new norm, and activists believe food security is under threat.
In November, No Patents on Seeds, an international coalition including Greenpeace, the Catholic charity Misereor and 300 farmers, urged Carlsberg and Heineken in an open letter to drop their patents. But the companies stood firm.
So, the coalition decided to take to the streets.
On June 7, the last day to officially object to one of the patents of the beer giants, around 100 protesters came with big fanfare and turned the technical duty of filing an objection at the EPO into a beer festival.
Surrounded by music, the organizers of the protest handed out non-alcoholic beer to
...More info on site
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