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E-Malt.com NewsLetter
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 Business history
RombBullet Agenda
RombBullet News articles




Last five Flashes


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Last five graphs

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Last five tables

All e-malt.com tables are published in e-malt.com Statistics section. The Statistics section includes Barley statistics, Malt statistics and Beer statistics. The tables related to barley are published in Barley Statistics section, the tables related to malt in Malt Statistics section and the tables related to beer in Beer Statistics section.



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E-Malt.com Flash 39a
September 25 - September 27, 2017

Quote of the Week

Fermentation may have been a greater discovery than fire.
David Rains Wallace

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Currency Rates


Base Currency: Euro
on September 27, 2017
Base Currency: US Dollar
on September 27, 2017
      1 EUR = 1.1787 USD
1 EUR = 0.8778 GBP
1 EUR = 1.4605 CAD
1 EUR = 1.4944 AUD
1 EUR = 131.9900 JPY
1 EUR = 3.7299 BRL
1 EUR = 68.0215 RUB
1 EUR = 7.8189 CNY
      1 USD = 0.8465 EUR
1 USD = 0.7430 GBP
1 USD = 1.2370 CAD
1 USD = 1.2646 AUD
1 USD = 111.9200 JPY
1 USD = 3.1612 BRL
1 USD = 57.5186 RUB
1 USD = 6.6296 CNY


Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend


September 27, 2017
French Barley/Malt
Crop 2017
Bulk
EUR/T %
2RS Malting Barley (FOB Creil) 192.50-194.50 up1.05%
6RW Malting Barley (FOB Creil) 161.00-163.00 up1.25%
2RS Malt (FOB Antwerp) 390.50-392.50 up0.63%
6RW Malt (FOB Antwerp) 352.00-354.00 up0.70%
Feed Barley (FOB Creil) 145.00-147.00up0.69%
French Barley/Malt
Crop 2018
Bulk
EUR/T %
2RS Malting Barley (FOB Creil) 190.50-192.50  
6RW Malting Barley (FOB Creil) 160.00-162.00  
2RS Malt (FOB Antwerp) 387.50-389.50  
6RW Malt (FOB Antwerp) 350.00-352.00  
Feed Barley (FOB Creil) nq 
German Malting Barley
Crop 2017
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) 1,354.00-1,356.00 up2.26%
Malting Barley (West) 1,354.00-1,356.00 up2.26%
Danish Malting Barley
Crop 2018
Free on truck
Ex Farm
DKK/T %
Malting Barley (East) 1,324.00-1,326.00 up1.53%
Malting Barley (West) 1,324.00-1,326.00 up1.53%
Canadian Barley/Malt
Crop 2017
CAD/T %
2-Row Malting Barley, bulk, truck/railcar, Winnipeg 294.00-296.00  
2-Row Malting Barley, bulk in store, Vancouver 313.00-315.00 down14.67%
6-Row Malting Barley, bulk, truck/railcar, Winnipeg nq  
2-Row Malt, bulk, truck/railcar, Winnipeg 561.00-563.00 down7.87%
2-Row Malt, bulk in store, Vancouver 587.00-589.00 down6.67%
6-Row Malt, bulk, truck/railcar, Winnipeg nq  
Feed Barley, basis Lethbridge 154.00-156.00 down22.50%
Feed Barley, basis Winnipeg 154.00-156.00 down22.50%
Feed Barley, bulk in store, Vancouver 216.00-218.00 down17.18%
US Barley
Crop 2017
USD/T %
2-Row Malting Barley, bulk, railcar Great Falls, Montana 159.00-161.00 -
6-Row Malting Barley, bulk, railcar Minneapolis, Minnesota 218.00-220.00  
Feed Barley, basis Great Falls, Montana 109.00-111.00 -
Feed Barley, basis Minneapolis, Minnesota 95.00-97.00 -
-No change; upPrice increase; downPrice decrease versus last publication.

Click here to see our Market Prices History.


Top Industry News


Malt news UK: Simpsons Malt reports fall in sales and profits for 2016 ...Click here

Brewery news Belgium: Belgian beer output, exports increase in 2016 ...Click here
Brewery news Vietnam: Finance ministry department suggests transferring responsibility for privatisation of Sabeco and Habeco ...Click here
Brewery news UK: Cask beer sales down 5% in the past six years ...Click here
Brewery news USA: Craft beer contribution to the US economy up more than 20% last year ...Click here
Brewery news Nigeria: AB InBev to increase majority stake in Nigerian units to 75.1% ...Click here

Barley news EU: Barley production expected to total 58.133 mln tonnes this year - Coceral ...Click here
Barley news EU: Barley production forecast at 58.031 mln tonnes this year, spring malting barley supplies seen as insufficient ...Click here
Barley news Russia & Ukraine: Record barley crop expected in Russia, Ukraine’s crop smaller due to reduced plantings this year ...Click here

Hops news USA: Hop stocks in the US increase as craft brewing industry growth slows down ...Click here


More Industry News


Brewery news USA: Failing to turn around business next year could mean takeover attempt for Boston Beer - analyst ...Click here
Barley news Ukraine: Ukraine may increase barley plantings in 2018 - UkrAgroConsult ...Click here
Brewery news Greece: Craft brewing sector growing thanks to increasing consumer interest ...Click here
Brewery news Rwanda: Bralirwa to start brewing Heineken beer locally ...Click here
Brewery news Venezuela: Craft beer business booming despite economic crisis ...Click here
Brewery news UK: Kingfisher eyeing launch of an Indian pale ale in the UK ...Click here

Graph of the week



Source: Deutscher Maelzerbund e. V.

Table of the week

Brewing Industry in Belgium 1900-2016


Table of the week.
Prices Evolution

Prices evolution

Barley Prices



Theoretical Malt Prices


These Days in Business History


25 September
1639 - 1st printing press in America
1654 - England & Denmark sign trade agreement
1897 - 1st British bus service opens
1926 - Henry Ford announces 8 hour, 5-day work week
2014 - test event (Have to be edited and replaced with a real event description)

26 September
1404 - Brussels Brabants/Limburgse audit-office established
1680 - Tax revolt in Gorinchem due to tax on cereal
1786 - England & France sign trade agreement
1972 - Norway rejects membership in European Common Market

27 September
1825 - Railroad transportation is born with 1st track (Stockton-Darlington)
1968 - France refuses UK entry into common market
1988 - US Senate votes for major federal tax code changes

Agenda


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)
21-23: Warsaw Beer Festival 2017 (Warsaw, Poland)
22-23: Beertopia 2017 (Hong Kong, China)
23-24: Whisky Live Paris 2017 (Paris, France)
28-30: Stockholm Beer & Whisky Festival 2017 (Stockholm, Sweden)


October 2017:
05-07: Stockholm Beer & Whisky Festival 2017 (Stockholm, Sweden)
11-15: Mondial de la Biere Rio 2017 (Rio de Janeiro, Brazil)
16-17: 104 VLB October Convention 2017 (Berlin, Germany)
23-25: 8th Ibero-American VLB Symposium 2017 in Guatemala (Guatemala City)
26-28: drink technology India 2017 (New Delhi, India)
27-29: Olut Expo 2017 (Helsinki, Finland)


November 2017:
11: International MicroBrew Symposium 2017 (Munich, Germany)
22-23: Craft Beer Italy 2017 (Milan, Italy)


More events are available on site e-malt.com




MaltMalt News Malt


Malt newsUK: Simpsons Malt reports fall in sales and profits for 2016
Simpsons Malt has reported a fall in sales and profits for the 2016 year to December as the British maltster shouldered further falls in ...More info on site



BreweryBrewery News Brewery


Brewery newsBelgium: Belgian beer output, exports increase in 2016
In a difficult economic and social context in 2016, Belgian brewers saw the volume of their beer on the Belgian market fall by over ...More info on site


Brewery newsVietnam: Finance ministry department suggests transferring responsibility for privatisation of Sabeco and Habeco
A department of Vietnam’s finance ministry on September 27 suggested transferring responsibility for the privatisation of brewers Sabeco and Habeco if the trade ministry ...More info on site


Brewery newsUK: Cask beer sales down 5% in the past six years
Overall sales of cask beer have fallen by 5% in the past six years, according to data compiled by the British Beer & Pub ...More info on site


Brewery news USA: Craft beer contribution to the US economy up more than 20% last year
Craft beer’s economic contribution to the United States economy has grown by more than 20% in two years, according to numbers released by the Brewers Association (BA) on September 26.

In announcing the results of its biennial economic impact study, the BA says small and independent American breweries added $67.8 billion to the economy in 2016, a 21.7% increase over 2014. This, despite growth of craft sales and production slowing dramatically over that same period.

“As consumers continue to demand a wide range of high quality, full-flavored beers, small and independent craft brewers are meeting this growing demand with innovative offerings, creating high levels of economic value in the process,” BA Chief Economist Bart Watson said in a statement.

The study covers the total impact of craft-brewed beer as it works its way through the three-tier distribution system, plus food and merchandise sold at brewpubs and brewery taprooms. This production and sales process created more than 456,000 full-time equivalent jobs – a 7.5% increase from 2014 - with breweries and brewpubs directly accounting for more than 128,000 of those jobs.

With $7.3 billion worth of annual output, California leads the nation in economic impact, followed by Pennsylvania ($5.8 billion), Texas ($4.5 billion), New ...More info on site


Brewery newsNigeria: AB InBev to increase majority stake in Nigerian units to 75.1%
The world’s largest brewer AB InBev will increase its majority equity stake in its Nigerian main business, International Breweries Plc, to 75.1 per cent. ...More info on site


Brewery news USA: Failing to turn around business next year could mean takeover attempt for Boston Beer - analyst
Boston Beer Co.’s comeback bid is anything but certain. And that could be good news for investors, Bloomberg reported on September 26.

If the company fails to turn around its business in the next year, it could mean a buyer comes knocking, an analyst suggested in a report on September 26. The remarks renewed takeover speculation for the maker of Sam Adams, helping send its shares up the most in almost two months.

The brewer has struggled to boost its performance as the craft beer industry gets more crowded. Drinkers now have more than 4,000 craft breweries to choose from, and the Boston-based company is losing market share. Boston Beer also is still searching for its next chief executive officer.

Those struggles could ultimately bring a windfall, Credit Suisse Group AG’s Laurent Grandet said in a note.

“Although founder Jim Koch seems determined to turn the business around, we think the likelihood of a takeout goes higher if Samuel Adams rejuvenation efforts ultimately fail next year,” he said.

The shares gained as much as 5.9 percent to $162 in New York trading, the biggest intraday gain since July 28. The stock had fallen 9.9 percent this year through Monday.

Koch, a craft-brewing ...More info on site


Brewery news Greece: Craft brewing sector growing thanks to increasing consumer interest
Greeks have been displaying more of a preference for Greek beer lately and are starting to discover the exciting variety of ales produced by microbreweries, Kathimerini reported on September 23.

“There has been an increase in beers from Greek microbreweries due to higher demand from consumers. As a result, more Greek ales can be found on the market these days,” says Sofoklis Panagiotou, vice president of the Hellenic Association of Brewers. “There’s higher demand for flavors from Greece from foreign tourists while Greek consumers are always on the lookout for better beer made in the country and want to help small domestic producers,” he adds.

Currently, there are around 30 to 35 microbrewery companies employing anywhere from five to 15 people. According to the legal definition, a microbrewery is a brewery that produces less than 20 million litres of beer per year. “By Greek standards, that quite a large output. Only one Greek company that’s considered a microbrewery comes close to that level of production. The rest produce much less, anywhere from 300,000 to 1 million litres per year,” says Panagiotou.

Greece’s microbrewing industry has grown markedly in recent years. In 2009 there were six microbrewers in the country. Now that number has ...More info on site


Brewery news Venezuela: Craft beer business booming despite economic crisis
With Venezuela’s economic crisis leaving consumers struggling to buy basic staple foods, small Caracas brewery Social Club might seem out of place selling craft beer that costs per bottle what a worker earning the minimum wage makes in two days.

But business is booming, Reuters reported on September 27.

Demand for Social Club’s beer regularly outstrips the 3,000 liters (793 gallons) it produces a month, according to its owners. Most of it is sold on weekends at a beer garden set up in the garage of its small production facility.

Brewers like Social Club are a reminder that despite the widespread social misery caused by the country’s economic crisis, an appetite remains among well-heeled Venezuelans for high-end niche products like craft beer.

At the same time, these small brewers are carving out a market in preparation for an eventual economic rebound.

“Venezuelans continue to be vain creatures who like to be in the vanguard, who like to keep up with what’s in fashion,” said Victor Querales, 32, one of Social Club’s owners, speaking on a Friday afternoon before clients began arriving. “There’s still a premium market that isn’t very sensitive to prices.”

The country now has around 30 craft brewers with commercial operations that supply high-end ...More info on site


Brewery news Rwanda: Bralirwa to start brewing Heineken beer locally
Rwanda’s major brewer Braliwa - Brasserie et Limonaderie du Rwanda - is preparing to begin producing Heineken beer brand which is mostly imported, KT Press reported on September 25.

“Heineken beer to be produced in Rubavu-Rwanda very soon and exported to the region,” Jean Pierre Karabaranga, Rwandan Ambassador to Netherlands said on social media.

Braliwa is a subsidiary of the Netherlands based Heineken Group.

Karabaranga said the selection of Bralirwa to brew Heineken was motivated by excellent and attractive doing business climate in Rwanda. It is expected to spur exports and reducing the trade imbalance in the country.

The country’s largest brewing company, Bralirwa was founded in 1957 when it produced its flagship beer brand, Primus. The company later diversified its products by adding on its list Mutzig, Turbo, Amstel, Legend and soft beverages.

With the stiff competition of Skol brewing company, Bralirwa found itself in the discomfort zone where its revenues dropped by 82% and its profit before tax to Rwf 929million in the first half of 2016, down from Rwf 5.1 billion.

The company bounced back with an increase of 20.7% from Rwf 5.8 billion to Rwf 7.0 billion, in the first half of 2017 thanks to strict cost management.

Fred Nyangenzi, Head of Corporate ...More info on site


Brewery news UK: Kingfisher eyeing launch of an Indian pale ale in the UK
The European boss of Kingfisher beer is eyeing the launch of an Indian pale ale to complement the growing range of global brews it sells in a bid to appeal to a younger audience, The Telegraph reported on September 25.

Damon Swarbrick said the company’s big challenge had been the decline of popularity of curry - a dish its beer famously accompanies - as the millennial generation turned its back on the 1990s/early 2000s favourite in favour of other global cuisine, including Asian dishes from Vietnam.

The company has responded to this by signing deals to distribute drinks made by other companies such as Indonesian lager Bintang in the UK, as well as China’s Pearl River beer, brewed by Guangzhou Zhujiang Brewery. It will also begin distributing Sri Lanka’s biggest beer brand Lion here next month.

But Mr Swarbrick said his company was aiming to enter the craft market next year.

“Nobody should be able to do an Indian pale ale better than us,” he said. “We are getting our final strategy together and I would have thought by January next year we will have an IPA in the market to complement Kingfisher and our other brands.”

Mr Swarbrick’s comments come as the company ...More info on site



BarleyBarley News Barley


Barley newsEU: Barley production expected to total 58.133 mln tonnes this year - Coceral
Coceral’s September report pegs the forecast for EU barley production at 58.133 mln tonnes this year vs. 59.698 mln in 2016. Spring barley production ...More info on site


Barley newsEU: Barley production forecast at 58.031 mln tonnes this year, spring malting barley supplies seen as insufficient
The European Commission’s barley supply & demand balance estimate of August 24 pegs the EU’s barley carry-in stocks at 5.463 mln tonnes in 2017/18 ...More info on site


Barley newsRussia & Ukraine: Record barley crop expected in Russia, Ukraine’s crop smaller due to reduced plantings this year
Analysts predict record crops for Russia, 80 mln tonnes of wheat and 20 mln tonnes of barley. Traders reports confirm quantities and good qualities, ...More info on site


Barley news Ukraine: Ukraine may increase barley plantings in 2018 - UkrAgroConsult
According to the USDA estimates, the global crop of barley will be below its global consumption for a second season in a row. This trend will lead to a substantial decrease in barley stocks in the world. Global barley inventories are expected to shrink to a 34-year low of 18.6 mln tonnes by the end of MY 2017/18.

This scenario’s feasibility is confirmed by sharply increased demand from key importers at the start of the 2017/18 season.

Thus, in view of tight global supply, the upward trend in barley market prices has been persisting for three months now and they have most likely not reached their ceiling yet. This market picture may result in higher barley margins against the previous season and a consequent increase in Ukrainian barley plantings for the 2018 harvest, UkrAgroConsult notes.

Planting of winter barley has just started in Ukraine, and the longer barley prices stay at such a high level, the more probable this course of events is, the analysts said.



HopsHops News Hops


Hops news USA: Hop stocks in the US increase as craft brewing industry growth slows down
Slowing growth in the craft brewing industry has contributed to a greater stockpile of hops in the US, including the Yakima Valley, the Yakima Herald-Republic reported on September 25.

As of Sept. 1, growers, suppliers and brewers had an estimated 98 million pounds of hops, an increase of 15 percent from the same period in 2016, according to figures released late last week from the U.S. Department of Agriculture’s National Agricultural Statistics Service.

And the amount of hops stock kept by growers and suppliers increased — by 30 percent to 64 million pounds — while the amount of hops in stock by brewers decreased by 5 percent.

“A lot of (breweries) purchased hops based on 15 to 18 percent growth, which is what we experienced over the five years prior to last year,” said Steve Carpenter, chief operating officer of YCH Hops, a hop supplier that is owned by local hop growers. “Last year, we had 5 to 6 percent (craft brewery) growth.” Carpenter is referring to 2016 figures from the Brewers Association, a trade association for craft brewers, which the group defines as small (under 6 million barrels of beer or less) and independent brewers that sell beer made with traditional or ...More info on site


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