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Flash Summary
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E-Malt.com Flash 25a
June 19 - June 21, 2017
Quote of the Week
Respect your efforts, respect yourself. Self-respect leads to self-discipline. When you have both firmly under your belt, that's real power.
Clint Eastwood
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Currency Rates
Base Currency: Euro
on June 21, 2017 |
Base Currency: US Dollar
on June 21, 2017 |
| |
1 EUR = 1.1156 USD
1 EUR = 0.8814 GBP
1 EUR = 1.4812 CAD
1 EUR = 1.4674 AUD
1 EUR = 124.2500 JPY
1 EUR = 3.6845 BRL
1 EUR = 65.3210 RUB
1 EUR = 7.6159 CNY
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|
1 USD = 0.8972 EUR
1 USD = 0.7882 GBP
1 USD = 1.3240 CAD
1 USD = 1.3165 AUD
1 USD = 111.5800 JPY
1 USD = 3.3003 BRL
1 USD = 58.5786 RUB
1 USD = 6.8272 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| June 21, 2017 |
French Barley/Malt
Crop 2016
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
177.50-179.50 |  1.13% |
| 6RW Malting Barley (FOB Creil) |
159.00-161.00 | 0.63% |
| 2RS Malt (FOB Antwerp) |
377.00-379.00 | 0.66% |
| 6RW Malt (FOB Antwerp) |
354.50-356.50 | 0.35% |
| Feed Barley (FOB Creil) |
142.00-144.00 | 1.42% |
French Barley/Malt
Crop 2017
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
179.50-181.50 | 1.12% |
| 6RW Malting Barley (FOB Creil) |
155.00-157.00 |  1.27% |
| 2RS Malt (FOB Antwerp) |
374.00-376.00 | 0.66% |
| 6RW Malt (FOB Antwerp) |
344.00-346.00 | 0.71% |
| Feed Barley (FOB Creil) |
nq | |
German Malting Barley
Crop 2016
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
nq | |
Danish Malting Barley
Crop 2017
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,194.00-1,196.00 |  |
| Malting Barley (West) |
1,194.00-1,196.00 | |
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 |
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| 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 |
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| 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 |
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.
Germany: AB InBev reported to be selling small German beer brands Hasseroeder and Diebels
...Click here
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The Philippines: Asia Brewery to start brewing Tiger and Heineken beers in the Philippines
...Click here
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EU: Barley crop forecast reduced to 57.2 mln tonnes
...Click here
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Australia: Barley production to decrease by 39% in 2017-18
...Click here
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Mercosur: Argentina’s barley acreage, production forecast to decline this year
...Click here
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World: Crop conditions in Europe and Asia variable during winter and spring
...Click here
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The Philippines: San Miguel Brewery to get tax refund for 2012
...Click here
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Australia & China: Australia’s barley exports to China total 3.4 mln tonnes in October-April 2016/17
...Click here
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India: Study finds 47 percent Indian millennials prefer beer over any other liquor
...Click here
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Uganda: Government changes the way of calculating beer tax
...Click here
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Graph of the week
Table of the week
World Hop Area 2016-2017(s)
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
MORE SPECIFICS WHY HOPS ARE GOOD
TO INCREASE FLAVOUR STABILITY
ABSTRACT
German brewing scientists have already been
looking into this for a couple of years. The ability
of hop constituents to suppress the formation of
3-methylbutanal and 2-furfural in wort-like model
systems containing maltose, leucine, and Fe2+ was
investigated. The functional principle by which
hop alpha-acids and beta-acids diminish the formation of
3-methylbutanal and 2-furfural may be ascribed to their
unique molecular structure and chemical properties.
This allows them to perturb oxidative or nonoxidative
formation of aldehydes. Findings from this study indicate that antioxidative potential may be
explained through, but not necessarily limited to,
two mechanisms. First, because of the hop alpha-acids'
complexation functionality towards transition metal
ions such as iron and copper, they can block or
attenuate oxidative pathways of the Maillard reaction
and suppress the generation of reactive oxygen
species, thereby preventing oxidative degradation
of leucine to 3-methylbutanal. Second, once
hydroxyl radicals are formed, they can act directly as
antioxidants and suppressing free radical reactions with
leucine again, which can yield its corresponding
aldehyde. Other aldehydes may show the same
behavior and response to the presence to hop alpha-acids.
Wietstock, P., et al: Hop Constituents Suppress the Formation of 3-Methylbutanal and
2-Furfural in Wort-Like Model Solutions
Read more
Source: Barth Innovations
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These Days in Business History
19 June
1464 - French King Louis XI forms postal service
1764 - John Barrow is born, founder of Royal Geographical Society
1963 - 1st woman in space returns to Earth
20 June
1793 - Eli Whitney patents his cotton gin
1863 - 1st bank chartered in U.S., National Bank of Davenport, Iowa
1867 - President Andrew Johnson announces purchase of Alaska
2003 - The Wikimedia Foundation is founded in St. Petersburg, Florida
21 June
1948 - One of the world's earliest modern computers, the Small-Scale Experimental Machine runs its first program successfully, proving that it can store data and user programs and process them at electronic speed
1990 - After decades of closure, the Budapest Stock Exchange reopens for trading
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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Germany: AB InBev reported to be selling small German beer brands Hasseroeder and Diebels
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Anheuser Busch InBev has kicked off the process of selling its small German beer brands Hasseroeder and Diebels as it sheds non-core assets following
...More info on site
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The Philippines: Asia Brewery to start brewing Tiger and Heineken beers in the Philippines
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Asia Brewery, the beverage arm of the Lucio Tan-led LT Group Incorporated (LT Group), will capitalize on its partnership with Heineken International by producing
...More info on site
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The Philippines: San Miguel Brewery to get tax refund for 2012
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The Court of Tax Appeals’ (CTA) Second Division has ordered the Bureau of Internal Revenue (BIR) to return P761,063,826.70 in excise tax overpaid by beer maker San Miguel Brewery Inc. (SMB) in 2012, The Manila Times reported on June 19.
In a 33-page decision promulgated June 9, the tax court granted the petition for review filed by the brewery on December 19, 2013 seeking a tax credit certificate, if not a refund.
“In sum, petitioner has sufficiently proven that it had overpaid the excise taxes due on its removals of ‘San Mig Light’ for the period of January 1, 2012 to December 31, 2012 in the amount of P761,063,826.70,” the CTA noted.
The CTA en banc has held in several rulings that “San Mig Light” was a new brand and not a variant, thus, subject to a P15.49 per liter excise tax rate instead of P20.57 per liter.
“Consequently, there was an erroneous, excessive and/or illegal assessment and collection in the amount of P5.08 per litre removal of petitioner’s ‘San Mig Light,’” the decision said.
The court noted an independent certified public accountant was able to reconcile and compute the excise taxes on San Mig Light based on excise tax returns and what was in
...More info on site
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Japan: Nonalcoholic beers conquering the market
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With their nonalcoholic beers gaining popularity and sales of the real stuff declining, Japan's Kirin Brewery and Suntory Beer are switching gears, the Nikkei Asian Review reported on June 18.
Kirin plans to boost monthly production of its Zeroichi, which is selling beyond the company's expectations, to three times the initial target, while Suntory is increasing the June-July production of its All-Free by about 10% from a year ago. This will lift Suntory's full 2017 production target by 4%, to 7.2 million cases [one case equals 20 633ml bottles].
The industry says more Japanese are turning to these and similar products so they can feel as though they are out drinking while really at work or doing daytime chores.
Kirin sold 630,000 cases of Zeroichi - nearly 50% of its initial annual target - in just two months.
The brewery's president, Takayuki Fuse, said Zeroichi's unexpectedly strong sales are partly attributable to Japan's changing lifestyles.
"The [government's] work reform drive has expanded the breadth of lifestyles," Fuse said. "There are more people who finish work for the day and then still have to do child-rearing and household chores, and these people want something refreshing that does not get them drunk."
Suntory estimates that nonalcoholic beer sales
...More info on site
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Belarus: Heineken sells its Bobruysk brewery
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Heineken and Russian drinks group Oasis have agreed to merge their Belarusian businesses, ABNews.ru reported on June 21.
Within the deal, Heineken’s Bobruysk brewery passes
...More info on site
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Ethiopia: Heineken launches Walia Radler beer
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Heineken Brewery Share Company has introduced a new beer to Ethiopia’s market. The new beer is dubbed Walia Radler and has 2.5 percent alcohol content, 2merkato reported on June 19.
The launch came a week after BGI Ethiopia disclosed it intends to introduce Beaufort beer.
Walia’s new brand is a blend of lemon and regular beer giving it distinctive taste from other beers in the market. It is also the second brand Heineken introduced to the Ethiopian market this fiscal year, the first one being Heineken Beer.
The history of radler beer dates back to the early years of 20th century. It is believed to be first introduced in Germany.
“This fusion is made for the consumer who would like to experience the exploding taste of lemon in beer,” the manufacturers explained.
It was after acquiring Harar and Bedele breweries that Heineken established itself in the Ethiopian market. Currently there are 7 breweries operating in Ethiopia with an annual production capacity of 12 million hectolitres.
Back in 2013 the per capita beer consumption in Ethiopia stood at 5 litres while latest reports show it now has reached 10 litres.
BGI takes the biggest market share, 38 percent, while Heineken stands second with a 30 percent
...More info on site
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India: Study finds 47 percent Indian millennials prefer beer over any other liquor
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Individuals living in Gurugram and Bengaluru consume the highest amount of beer with people of Mumbai preferring to get high on hard drinks, according to a survey.
Crownit, a consumer group marketing and data platform, conducted a survey across pubs in Gurugram, Delhi, Mumbai and Bengaluru to understand drinking patterns and alcohol preferences of young consumers and found that 47 percent Indian millennials prefer beer over any other liquor.
The survey that involved one lakh users, took place between March and April this year.
While 57 percent millennials in Bengaluru and Gurugram consume beer, the highest consumption of hard drinks is by individuals in Mumbai at 33 percent, closely followed by Delhi at 32 percent.
Wine is still catching up in comparison, with the average consumption in these cities ranging from 1-2 percent.
The data collected is based on the consumption of mainly four categories of alcoholic beverages - beer, hard drinks, cocktails and wine.
The study also highlights that the consumption of alcohol is highest among millennials on the weekends, most commonly between 8 p.m and 2 a.m.
In addition, Crownit's survey revealed the increasing preference for various flavours and variants of beer such as bottled, draught and freshly-brewed.
...More info on site
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Uganda: Government changes the way of calculating beer tax
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In order for Uganda Revenue Authority (URA) to collect the required Shs15 trillion tax revenue, Parliament approved 72 amendments on income tax, excise duty, Value Added Tax (VAT) and EAC Common External Tariff, AllAfrica.com reported on June 21.
The tax measures, according to Ms Doris Akol, the URA Commissioner General, will enable the government to collect Shs400 bln during the financial year 2017/18. URA's collection is up from the Shs13.1 trillion in 2016/17.
Despite the contestations from the beer industry players, the government has gone on to change the way it calculates the tax on beer. In the past, the government has been imposing a percentage rate depending on the local material content (excluding water) used in the manufacturing process. Any raw material used that is about 75 per cent of the ingredients attracted an excise duty rate of 30 per cent; whereas other malted beer (less than 25 per cent of locally sourced ingredients) attracted a 60 per cent excise duty rate. However, the amendment to the Excise Duty Act is for the government to charge 60 per cent or Shs1,860 per litre, whichever is higher on malted beer. On beer that has 75 per cent local raw material, the
...More info on site
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Barley News
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EU: Barley crop forecast reduced to 57.2 mln tonnes
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The EU MARS Bulletin of 22 May showed variable crop conditions throughout the continent and in North Africa; dryness, cold temperatures in much of
...More info on site
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Australia: Barley production to decrease by 39% in 2017-18
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The area planted to barley in Australia is forecast to fall by 4 per cent to 3.9 million hectares in 2017-18, ABARES said in
...More info on site
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Mercosur: Argentina’s barley acreage, production forecast to decline this year
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Barley acreage estimates for Argentina vary widely, 700 – 750,000 ha is the average guess, which is round about 10% lower than last year,
...More info on site
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World: Crop conditions in Europe and Asia variable during winter and spring
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Crop conditions in Europe and Asia have been extremely variable during winter and spring, but frost damage has been negligible, and drought conditions in
...More info on site
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Australia & China: Australia’s barley exports to China total 3.4 mln tonnes in October-April 2016/17
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China has been the anchor in a massive export year for Australian barley, taking a whopping 3.4 million tonnes of the total 5.7 mln
...More info on site
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