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Flash Summary
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E-Malt.com Flash 52a
December 25 - December 31, 2017
Quote of the Week
Hope smiles from the threshold of the year to come, whispering, 'It will be happier.'
Hal Borland
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Currency Rates
Base Currency: Euro
on December 29, 2017 |
Base Currency: US Dollar
on December 29, 2017 |
| |
1 EUR = 1.1934 USD
1 EUR = 0.8877 GBP
1 EUR = 1.5049 CAD
1 EUR = 1.5330 AUD
1 EUR = 134.7400 JPY
1 EUR = 3.9496 BRL
1 EUR = 68.7861 RUB
1 EUR = 7.8001 CNY
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1 USD = 0.8379 EUR
1 USD = 0.7442 GBP
1 USD = 1.2604 CAD
1 USD = 1.2835 AUD
1 USD = 112.9100 JPY
1 USD = 3.3100 BRL
1 USD = 57.6291 RUB
1 USD = 6.5368 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| December 29, 2017 |
French Barley/Malt
Crop 2017
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
187.50-189.50 |  0.53% |
| 6RW Malting Barley (FOB Creil) |
153.00-155.00 |  0.65% |
| 2RS Malt (FOB Antwerp) |
386.00-388.00 | 0.32% |
| 6RW Malt (FOB Antwerp) |
343.50-345.50 | 0.36% |
| Feed Barley (FOB Creil) |
145.00-147.00 |  |
French Barley/Malt
Crop 2018
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
186.50-188.50 | |
| 6RW Malting Barley (FOB Creil) |
154.00-156.00 | 0.64% |
| 2RS Malt (FOB Antwerp) |
382.50-384.50 | |
| 6RW Malt (FOB Antwerp) |
342.50-344.50 | 0.36% |
| 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) |
1,284.00-1,286.00 | |
| Malting Barley (West) |
1,284.00-1,286.00 | |
Danish Malting Barley
Crop 2018
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,214.00-1,216.00 | 0.83% |
| Malting Barley (West) |
1,214.00-1,216.00 | 0.83% |
Canadian Barley/Malt
Crop 2017 |
CAD/T |
% |
| 2-Row Malting Barley, bulk, truck/railcar, Winnipeg |
330.00-332.00 |
|
| 2-Row Malting Barley, bulk in store, Vancouver |
329.00-331.00 |
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| 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 |
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| Feed Barley, basis Lethbridge |
219.00-221.00 |
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| Feed Barley, basis Winnipeg |
219.00-221.00 |
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| Feed Barley, bulk in store, Vancouver |
282.00-284.00 |
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US Barley
Crop 2017 |
USD/T |
% |
| 2-Row Malting Barley, bulk, railcar Great Falls, Montana |
170.00-172.00 |
|
| 6-Row Malting Barley, bulk, railcar Minneapolis, Minnesota |
218.00-220.00 |
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| Feed Barley, basis Great Falls, Montana |
115.00-117.00 |
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| Feed Barley, basis Minneapolis, Minnesota |
109.00-111.00 |
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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: Barley malt output slightly down in 2016/17
...Click here
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India: Kingfisher beer losing market share to high-end foreign beers
...Click here
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Ireland: Beer owns 46% of Ireland’s total alcoholic drinks market
...Click here
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Malaysia: Brewers expected to benefit from 2018 World Soccer Cup
...Click here
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Malawi: Castel Group’s investments in its Malawi business totals about $22 mln
...Click here
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Australia: Barley crop expected to total around mln tonnes in 2017/18
...Click here
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Canada: Malting barley crop smaller but of better quality this year
...Click here
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EU: Poor weather during winter planting expected to lead to an increase in spring barley area
...Click here
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UK: UK’s record barley crop amounts to 7.36 mln tonnes this year
...Click here
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India: Liquor industry expects strong rebound in 2018
...Click here
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Vietnam: Prime Minister urges to keep Saigon Beer brand name unchanged
...Click here
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Ukraine: Barley stocks amount to 1.74 mln tonnes as of December 1
...Click here
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Azerbaijan: Government approves increase of import excise rates on alcohol and cigarettes
...Click here
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Thailand: Home-brew outlaws serving up delicious revolution in Thailand
...Click here
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Graph of the week
Source: Deutscher Maelzerbund e. V.
Table of the week
Asia Barley Imports, Production, Consumption, and Stocks
Barley Prices
Theoretical Malt Prices
Scientific Digest
DRY HOP BITTERNESS COMPOSITION
ABSTRACT
Why is the bitterness of dry hopped beers so different?
This question has been heavily investigated in recent
years. We learned that the humulinones are largely
responsible for a part of the bitterness in beer and we
also learned that the content of iso-alpha acids slightly
decreases with dry hopping - exactly why is not known.
Also unclear so far is the role of polyphenols. A new study from Oregon State University shows conclusively that both the polyphenols and humulinones contribute to the
sensory and the IBU bitterness of dry hopped beer. How
can we translate this knowledge in an easy bitterness
determination analysis?
REFERENCES:
Brew. Chem. 75(4):363-368, 2017.
https://www.asbcnet.org/publications/journal/vol/2017/Pages/ASBCJ-2017-4311-01.aspx
Source: Barth Innovations
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These Days in Business History
25 December
1848 - New Haven Railroad opens
1947 - Taiwan passes Human Rights laws (Day of Earth Law)
1954 - WSFA TV channel 12 in Montgomery AL (NBC) begins broadcasting
1959 - Sony brings transistor TV 8-301 to the market
26 December
1854 - Wood-pulp paper 1st exhibited
1878 - 1st US store to install electric lights, Philadelphia
1950 - Gillette & Mutual buy All Star & World Series rights ($6 million for 6 years)
1975 - 1st supersonic transport service (Tupolev-144)
1991 - The Standard & Poor's 500-stock index closes above 400 for the first time, finishing the day at 404.84
2009 - China opens the world's longest high-speed rail route, which links Beijing and Guangzhou
27 December
1825 - 1st public railroad using steam locomotive completed in England
1928 - Portfolio manager Walter Morgan founds the nation's first 'balanced' mutual fund, the Industrial and Power Securities Co., which invests in both stocks and bonds
1945 - International Monetary Fund established - World Bank founded
2001 - China is granted permanent normal trade relations with the United States
28 December
1869 - William Finley Semple of Mount Vernon OH, patents chewing gum
1895 - Auguste and Louis Lumiere are born (1st commercial cinema)
1967 - After 175 years, the New York Stock Exchange finally admits its first woman member, Muriel Siebert of Muriel Siebert & Co
2000 - U.S. retail giant Montgomery Ward announces it is going out of business after 128 years
29 December
1862 - Bowling ball invented
1867 - 1st telegraph ticker used by a brokerage house, Groesbeck & Co, NY
1891 - Edison patents "transmission of signals electrically" (radio)
1997 - Russia signs agreement to build a $3B nuclear power plant in China
30 December
1851 - Asa Griggs Candler is born (developed Coca-Cola)
1854 - Pennsylvania Rock Oil Company, 1st in US, incorporated in New York NY
1861 - US banks stops payments in gold
1958 - French franc devalued
1988 - Mercedes-Benz pays $20.2-M fine failed to meet '86 government fuel standard
1990 - 11th United Negro College Fund raises $10,000,000
31 December
1776 - Rhode Island establishes wage & price controls to curb inflation: Limit is 70 cents a day for carpenters, 42 cents for tailors
1781 - Bank of North America, 1st US bank opens
1981 - CNN Headline News debuts
1997 - Microsoft buys Hotmail E-mail service
1998 - The European Exchange Rate Mechanism freezes the values of the legacy currencies in the Eurozone, and establishes the value of the euro currency
Agenda
January 2018:
26-28: Finest Spirits 2018 (Munich, Germany)
February 2018:
02-04: Brau Kunst Live 2018 (Munich, Germany)
09-12: HoReCa 2018 (Athens, Greece)
17-20: Beer Attraction 2018 (Rimini, Italy)
20-24: Great British Beer Festival Winter 2018 (Norwich, UK)
27-01 March: Beviale Moscow 2018 (Moscow, Russia)
March 2018:
05-07: 105th Brewing and Engineering Conference (Munich, Germany)
06-08: Expo Antad & Alimentaria Mexico 2018 (Mexico City, Mexico)
07-10: Festival Brasileiro de Cerveja 2018 (Blumenau, Brazil)
08-10: Alltech Craft Brews & Food Fair 2018 (Dublin, Ireland)
14-15: BeerX 2018 (Sheffield, UK)
19-22: IBD Asia Pacific Convention 2018 (Wellington, New Zealand)
April 2018:
08-12: International Malting and Brewing Symposium "13th Trends in Brewing" (Ghent, Belgium)
13-14: Helsinki Beer Festival 2018 (Helsinki, Finland)
28-29: Zythos Beer Festival 2018 (Leuven, Belgium)
30-03 May: Craft Brewers Conference & BrewExpo America 2018 (Nashville, USA)
May 2018:
22-24: Beer 2018 (Sochi, Russia)
June 2018:
06-09: Mondial de la Biere 2018 (Montreal, Canada)
29-01 July: Mondial de la Biere 2018 (Paris, France)
August 2018:
03-05: The 22nd International Berlin Beer Festival (Berlin, Germany)
08-11: Vietfood & Beverage 2018 (Ho Chi Minh City, Vietnam)
10-11: Beervana 2018 (Wellington, New Zealand)
12-15: Brewing Summit 2018 (San Diego, USA)
September 2018:
04-06: food & drink technology Africa (fdt Africa) (Johannesburg, South Africa)
12-14: 6th International Symposium for Young Scientists and Technologists in Malting, Brewing and Distilling (Bittburg/Trier, Germany)
October 2018:
23-26: China Brew China Beverage 2018 (Shanghai, China)
24-26: drink technology India 2018 (Mumbai, India)
November 2018:
13-15: Brau Beviale 2018 (Nuremberg, Germany)
More events are available on site e-malt.com
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Malt News
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Germany: Barley malt output slightly down in 2016/17
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Germany’s barley malt production in 2016/17 is estimated at 1.850 mln tonnes versus 1.870 in 2015/16, H. M. Gauger GmbH reported early in December.
In
...More info on site
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Brewery News
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India: Kingfisher beer losing market share to high-end foreign beers
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Though Kingfisher is still the largest beer brand in India, it has lost 4.3% market share by volume between 2011 and 2016, according to
...More info on site
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Ireland: Beer owns 46% of Ireland’s total alcoholic drinks market
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Beer remains Ireland’s favourite alcoholic drink, with analysis by the Alcohol Beverage Federation of Ireland showing beer owns 46% of the market share, the
...More info on site
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Malaysia: Brewers expected to benefit from 2018 World Soccer Cup
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The year 2018 is largely seen as one that will remain challenging to Malaysia’s breweries, but higher disposable income and the upcoming World Cup 2018 in Russia will most likely support the sector’s earnings in the new year, according to TA Securities Holdings Bhd senior investment analyst Tan Kam Meng, The Edge Financial Daily reported on December 28.
“Note that due to the time difference between Malaysia and Russia, we can expect one match to kick off at 8pm Malaysian time, every day, during the event,” said Tan in an email to The Edge Financial Daily, who foresees that the largest global football event held every four years will spur beer consumption worldwide.
Though Tan does not expect any increase in sin taxes — the common term for taxes levied on alcohol and cigarette players — he said 2018 will still remain challenging, due mainly to the rise of contrabands.
Beer excise duty rose to RM175 per 100% volume per litre on March 1, 2016, from RM7.40 per litre previously, while the 15% ad valorem (according to value) tax was removed.
“The new regulation on the legal purchasing age for alcoholic beverages, which raised the age from 18 to 21 effective Dec 1 2017,
...More info on site
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Malawi: Castel Group’s investments in its Malawi business totals about $22 mln
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Castel Group has revealed that it invested about $22 million (about K16.1 billion at current exchange rate) in Carlsberg Malawi which has since changed
...More info on site
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India: Liquor industry expects strong rebound in 2018
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India’s alcoholic beverages industry has had nothing short of a challenging 2017 in terms of volume growth, especially during the first three quarters of
...More info on site
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Vietnam: Prime Minister urges to keep Saigon Beer brand name unchanged
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The Prime Minister has assigned the Ministry of Industry and Trade to keep Saigon Beer brand name unchanged, VietNamNet Bridge reported on December 26, citing a representative of the Business Finance Department under the Ministry of Finance.
Saigon Beer is the brand name of Saigon Alcohol Beer and Beverages Corporation (Sabeco) whose over 53 percent stake has recently been sold to Vietnam Beverage which belongs to ThaiBev Company.
At a press conference on state-owned enterprises (SOEs) equitization, divestment and restructuring in 2017, Mr. Dang Quyet Tien, head of the Business Finance Department, said that in many countries brand names were uneasy to lose.
The government does not need to hold capital for keeping brand names, but the importance was that those brand names must survive, he added.
Some opinions said that foreign investors might have deliberately dodged the Vietnam’s Investment Law to indirectly own over 50 percent of capital in the Sabeco auction.
In reply, Mr. Tien said that it should not distinguish domestic and overseas factors because some foreign companies had not directly invested in Vietnam but had enterprises established in the country, so they should be treated as Vietnamese firms.
Still he said it was necessary to amend some current laws to avoid the
...More info on site
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Azerbaijan: Government approves increase of import excise rates on alcohol and cigarettes
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The Cabinet of Ministers of Azerbaijan has approved new excise tax rates on imported goods, which will come into force on January 22, 2018, AzerNews reported on December 25.
In particular, the excise on malt beer imported to Azerbaijan will be 1.7 manats [$1] per litre, wines from fresh grapes, including fortified wines; grape must - 3.5 manats [$2.06] per litre, sparkling wines - 5 manats [$2.94] per litre, and whiskeys - 10 manats [$5.88] per litre.
For import of whiskey, vodka and liqueur, the excise tax is set at the level of 10 manats [$5.88] per 1 litre.
By the decision of the Cabinet, excises for the import of cigars were set at 20 manats [$11.77] per 1,000 pieces, cigarettes - 12 manats [$7.06] for 1,000 pieces.
Earlier, Azerbaijan’s Finance Minister Samir Sharifov stated that the country’s government plans to double excise rates for the import of alcoholic beverages and tobacco products in 2018.
Such a decision was made due to the fact that a sharp reduction in the exchange rate of Azerbaijani manat against the U.S. dollar led to an increase in prices for imported alcohol and tobacco products, as well as to a reduction in excise tax rates in manat.
Earlier, the head
...More info on site
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Thailand: Home-brew outlaws serving up delicious revolution in Thailand
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At a riverside bar just outside Bangkok, a delicious revolution is underway, NZCity reported on December 28.
Every Saturday, Chit Beer microbrewery opens for beer lovers and those who want to learn the craft of craft beer.
"It's getting very, very popular now because when people know more about the concept, that yeah, we can make beer ourselves at home, [they're] excited," said Wichit Saiklao, better known as Chit.
But these weekly classes are an act of rebellion.
Home-brewing is illegal in Thailand.
To get a beer-making licence, Thais must be able to produce 100,000 litres a year and have $400,000 in the bank, which effectively shuts out small players.
The 1950 Liquors Act also protects the two giant conglomerates that dominate the cheap lager market — ThaiBev with its Chang (and the infamous "changover"), and Boon Rawd Brewery's Singha and Leo beer.
Thai craft brewers are forced to take their recipes to breweries overseas and then import their bottles back into Thailand, paying hefty tax.
Most brew in Asia, but not all.
Phuket's Full Moon Breweries makes its fruity Chalawan Pale Ale in New South Wales and the logo for its Chatri IPA is a Muay Thai fighter with a koala head.
Melbourne's Red Dot Brewery produces oddball flavours
...More info on site
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Barley News
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Australia: Barley crop expected to total around mln tonnes in 2017/18
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In 2016/17, Australia had harvested 13.414 mln tonnes of barley, a record crop favoured by ideal weather conditions, H. M. Gauger GmbH reported on
...More info on site
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Canada: Malting barley crop smaller but of better quality this year
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There was less malt barley produced this year in Canada but what did come off looked good, according to the Canadian Grain Commission.
The organization’s
...More info on site
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EU: Poor weather during winter planting expected to lead to an increase in spring barley area
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Dreadful weather in Northern Europe (from Scotland to Finland, incl. the northern regions of Germany and Poland) delayed and damaged grain crops and even
...More info on site
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UK: UK’s record barley crop amounts to 7.36 mln tonnes this year
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The UK has harvested another record crop, 7.36 mln tonnes, of which 4.3 mln tonnes of spring barley, H. M. Gauger GmbH reported on
...More info on site
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Ukraine: Barley stocks amount to 1.74 mln tonnes as of December 1
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As of December 1, 2017 Ukraine’s barley reserves amounted to 1.74 million tonnes, which is 637.5 thousand tonnes less than the same indicator in 2016 (2.38 million tonnes), UkrAgroConsult reported on December 28.
The State Statistics Service of Ukraine informs that the highest reserves are at the enterprises of Odessa (321.4 thousand tonnes), Khmelnitsky (165.1 thousand tonnes) and Ternopil (133.1 thousand tonnes) regions.
It is noted that the lowest barley reserves are at the enterprises of Zakarpattia (0.7 thousand tonnes), Chernivtsi (8.9 thousand tonnes) and Volyn (17.8 thousand tonnes) regions.
Earlier it was reported that Ukraine in January-November 2017 exported 4.78 million tonnes of barley worth of USD 699.89 million.
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