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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 14a
April 02 - April 04, 2018

Quote of the Week

This is grain, which any fool can eat, but for which the Lord intended a more divine means of consumption... Beer!
Friar Tuck

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Currency Rates

Base Currency: Euro
on April 04, 2018
Base Currency: US Dollar
on April 04, 2018
      1 EUR = 1.2308 USD
1 EUR = 0.8752 GBP
1 EUR = 1.5818 CAD
1 EUR = 1.5994 AUD
1 EUR = 130.7600 JPY
1 EUR = 4.0742 BRL
1 EUR = 70.9207 RUB
1 EUR = 7.7351 CNY
      1 USD = 0.8136 EUR
1 USD = 0.7112 GBP
1 USD = 1.2848 CAD
1 USD = 1.3013 AUD
1 USD = 106.2500 JPY
1 USD = 3.3181 BRL
1 USD = 57.5375 RUB
1 USD = 6.2857 CNY

Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend

April 04, 2018
French Barley/Malt
Crop 2017
2RS Malting Barley (FOB Creil) 176.50-178.50 -
6RW Malting Barley (FOB Creil) 162.00-164.00 -
2RS Malt (FOB Antwerp) 374.50-376.50 up0.15%
6RW Malt (FOB Antwerp) 357.00-359.00 up0.16%
Feed Barley (FOB Creil) 161.00-163.00-
French Barley/Malt
Crop 2018
2RS Malting Barley (FOB Creil) 189.50-191.50 -
6RW Malting Barley (FOB Creil) 166.00-168.00 -
2RS Malt (FOB Antwerp) 386.00-388.00 -
6RW Malt (FOB Antwerp) 357.50-359.50 -
Feed Barley (FOB Creil) nq 
German Malting Barley
Crop 2017
Ex Farm
Average Malting Barley Price nq  
Danish Malting Barley
Crop 2017
Free on truck
Ex Farm
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
Malting Barley (East) 1,254.00-1,256.00 up1.62%
Malting Barley (West) 1,254.00-1,256.00 up1.62%
Canadian Barley/Malt
Crop 2017
2-Row Malting Barley, bulk, truck/railcar, Winnipeg 310.00-312.00 -
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 243.00-245.00 up0.83%
Feed Barley, basis Winnipeg 243.00-245.00 up0.83%
Feed Barley, bulk in store, Vancouver 306.00-308.00 up0.66%
US Barley
Crop 2017
2-Row Malting Barley, bulk, railcar Great Falls, Montana 170.00-172.00 -
6-Row Malting Barley, bulk, railcar Minneapolis, Minnesota nq  
Feed Barley, basis Great Falls, Montana 115.00-117.00 -
Feed Barley, basis Minneapolis, Minnesota 129.00-131.00 -
-No change; upPrice increase; downPrice decrease versus last publication.

Click here to see our Market Prices History.

Top Industry News

Brewery news EU: Beer biggest driver of growth across FMCG last year ...Click here
Brewery news USA: Craft beer export volume up 3.6% in 2017 ...Click here
Brewery news Japan: Change in legal definition of beer could give some boost to Japan’s stagnant market ...Click here
Brewery news UK: Carlsberg plans to continue efforts to transition to “premium beer brand” ...Click here
Brewery news South Korea: AB InBev’s Korean subsidiary acquires local craft brewer ...Click here

Barley news UK: Demand for barley strengthening at national and international level ...Click here

More Industry News

Brewery news Canada: Purchasing small Canadian craft breweries unproven outside of their local domain could be highly risky for large multinationals ...Click here
Brewery news Vietnam: Ministry of Industry and Trade asks Sabeco to hold extraordinary meeting to review personnel matters ...Click here
Brewery news Portugal & Angola: Sagres beer expected to double production volume in Angola this year ...Click here
Barley news Japan & Australia: Japan bans some imports of Australian barley over high pesticides levels ...Click here
Brewery news India: Beer set to come back to Bengal before summer ...Click here
Brewery news Nepal: Raj Brewery starts local production of German beer Warsteiner ...Click here
Brewery news USA: Beam Suntory and AB InBev to create limited-edition collaboration beer ...Click here

Graph of the week

Source: Deutscher Maelzerbund e. V.

Table of the week

The Number of US Breweries 2009 - 2017

Table of the week.
Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

Scientific Digest


We now understand that there are several possible factors affecting the release of relevant aroma compounds during the brewing process that have a high flavour impact in finished beer. These Japanese researchers took a close look at the influence of geraniol. With the investigation of a total of 42 hop varieties, they found that many hop varieties could be classified in two geraniol-rich "Flavour Hop" groupings, which tend to contribute a large amount of beta-citronellol to finished beer. The two types are designated as "free geraniol dominant hops" and "geraniol precursor dominant hops". Free geraniol dominant hops contain mainly free geraniol at high levels along with some geraniol precursors. These include varieties such as NZ Motueka, US Bravo, US Cascade, US Citra, and US Mosaic. Conversely, geraniol precursor dominant hops contain mainly the geraniol precursors at high levels and to a lesser extent, free geraniol. Examples here are AUS Vic Secret, D Comet, D Hallertau Blanc, and D Polaris. Maybe something worth looking into when you define your next beer recipe!


Takoi, K: Systematic Analysis of Behaviour of Hop-Derived Monoterpene Alcohols During Fermentation and New Classification of Geraniol-Rich Flavour Hops, , November / December 2017 (Vol. 70)
Read more

Source: Barth Innovations

These Days in Business History

02 April
1850 - City of Los Angeles incorporated
1875 - Walter P. Chrysler is born in Wamego, Kansas. He goes on to found the Chrysler Corp. as successor corporation to the failing Maxwell Motor Car Co. in 1925 and to buy Dodge Brothers, Inc., in 1928
1911 - The Australian Bureau of Statistics conducts the country's first national census
1961 - The first patent for an integrated circuit is awarded to Fairchild Semiconductor's Robert Noyce, who later co-founds Intel Corp. with Gordon Moore

03 April
1783 - Sweden and U.S. sign a treaty of Amity and Commerce
1885 - Gottlieb Daimler is granted a German patent for his engine design
1948 - The U.S. Congress passes (and Pres. Harry S. Truman immediately signs) the Marshall Plan to finance the reconstruction of Western Europe after the devastation of World War II--helping to keep Communism at bay and laying the groundwork for the global economic boom of the 1950s
1981 - The Osborne 1, the first successful portable computer, is unveiled at the West Coast Computer Faire in San Francisco
1994 - Netscape Communications founded as Mosaic Communications
2008 - ATA Airlines, once one of the ten largest U.S. passenger airlines and largest charter airline, files for bankruptcy for the second time in five years and ceases all operations

04 April
1460 - University of Basle in Switzerland forms
1818 - The United States Congress adopts the flag of the United States with 13 red and white stripes and one star for each state (then 20)
1828 - Casparus van Wooden patents chocolate milk powder (Amsterdam)
1949 - Twelve nations sign the North Atlantic Treaty creating the North Atlantic Treaty Organization
1975 - Microsoft is founded as a partnership between Bill Gates and Paul Allen in Albuquerque, New Mexico
1996 - AT&T Corp. spins off 112 million shares of Lucent Technologies Inc. at an initial price of $27 per share, raising $3.02 billion in what is, so far, the biggest IPO of all time


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:
16-18: Craft Beer China 2018 (Shanghai, China)
22-24: Beer 2018 (Sochi, Russia)
23-27: Latvia Beer Fest 2016 (Riga, Latvia)
31-02 June: Copenhagen Beer Festival 2018 (Copenhagen, Denmark)

June 2018:
06-09: Mondial de la Biere 2018 (Montreal, Canada)
07-08: The Brewers of Europe Forum 2018 (Brussels, Belgium)

10-13: ASBC Malt Flavor and Aroma Symposium 2018 (Roseville, MN, USA)
20-22: Sea Brew 2018 (Manila, Philippines)
29-01 July: Mondial de la Biere 2018 (Paris, France)

August 2018:
03-05: The 22nd International Berlin Beer Festival (Berlin, Germany)
07-11: The Great British Beer Festival 2018 (London, UK)
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)
20-22: The Great American Beer Festival 2018 (Denver, USA)
22-07 October: Oktoberfest 2018 (Munich, 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

BreweryBrewery News Brewery

Brewery newsEU: Beer biggest driver of growth across FMCG last year
Beer was the biggest driver of growth across Europe's FMCG category last year despite a sales drop in Germany, new IRI analysis has shown.

In ...More info on site

Brewery news USA: Craft beer export volume up 3.6% in 2017
The Brewers Association (BA) — the not-for-profit trade group representing small and independent craft brewers of the United States — reported on April 3 export growth data for the American craft beer industry in 2017.

Supported by the BA’s Export Development Program (EDP), craft beer export volume increased by 3.6 percent in 2017, now totaling 482,309 barrels and valued at $125.4 million.

Growth was seen in major markets including in the Asia-Pacific region (not including Japan) which grew 7.4 percent; Japan, which was up 2.6 percent and Western Europe which saw exports increase by 1.3 percent.

Meanwhile, Canada was again the leading international market for American craft beer, accounting for 51.3 percent of total exports. Other leading importers were the United Kingdom, accounting for 10.5 percent; Sweden, 6.7 percent; Korea, 4.6 percent; Australia, with 3.8 percent; and China, with 2.5 percent of exports.

“From innovative styles to international distribution, American craft beer is breaking boundaries,” said Steve Parr, export development program manager, Brewers Association. “Through the Brewers Association Export Development Program, we’re able to take the success of local brewers and showcase them on a global scale.” The EDP, which generates exposure for American craft beer through trade shows, festivals, seminars, ...More info on site

Brewery news Japan: Change in legal definition of beer could give some boost to Japan’s stagnant market
The legal definition of beer in Japan changed on Sunday, April 1st, and the nation’s major breweries are looking to shore up their shrinking customer bases by introducing new products with a wider variety of flavors to shake up the stagnant market, The Japan Times reported.

Under the old definition, beers need to be made from water and hops and have a malt content of 67 percent or higher. But that has now been lowered to 50 percent, marking the first change in 110 years.

Furthermore, a wide range of items have been added to the approved list of secondary ingredients, which is currently limited to grains like rice, wheat and corn. The new ingredients include fruit, spices, herbs and flowers. Seaweed, oysters and bonito flakes are also included.

The change in definition gives beer makers more flexibility to produce beer with unique tastes and aromas and enables them to officially market the finished product as beer. Under the previous definition, such low-malt beverages were called happōshu (quasi-beer), and were cheaper because they were less heavily taxed.

For consumers, the crucial question is whether prices will rise with the change.

The answer — for now — is no. The government plans to make the higher ...More info on site

Brewery news UK: Carlsberg plans to continue efforts to transition to “premium beer brand”
Danish beer brand Carlsberg has announced plans to continue its efforts to transition into a “premium beer brand” over the next year, City A.M. reported on April 4.

The brewing giant is aiming to follow up on the success of its rebrand of Carlsberg Export by taking new approaches to its original Carlsberg brand. But, with overall UK lager sales down seven per cent, will it work?

Yougov Brandindex data indicates how its consumer perception holds up compared to the competition. Carlsberg’s Quality score currently stands at seven, which puts it behind rivals such as Heineken (nine), Stella Artois (16) and Kronenbourg (17).

In recent times, Carlsberg decided to move away from football sponsorship, ending its 22-year association with England’s national team. Instead, it is increasing its spend on music festivals. Our data suggests that Carlsberg is right to try and appeal to this demographic.

YouGov Profiles data show that among regular or occasional festival goers, the brand’s positive Impression score (the percentage of those who have a positive view) stands at 18. It does lag behind other beer brands such as Heineken (22), Kronenbourg (22) and Stella Artois (27).

The good news for Carlsberg is that it remains a popular choice among those who ...More info on site

Brewery news South Korea: AB InBev’s Korean subsidiary acquires local craft brewer
A subsidiary of Oriental Brewery, best known for its Cass brand, has acquired a homegrown craft beer firm, The Hand & Malt Brewing Company, the Korea JoongAng Daily reported on April 4.

This is the first time the Korean unit of Anheuser-Busch InBev (AB InBev), the world’s largest beer company, has bought a local craft beer house.

Under the deal inked on April 2, ZX Ventures, a 20 month-old subsidiary of Oriental Brewery, acquired a 100 percent stake in Hands and Malt, a private company, and its president and founder Bryan Do will retain his position as president.

Although neither party confirmed details, the acquisition cost approximately 10 billion won ($9.4 million), according to sources familiar with the matter.

“ZX Ventures has been seeking to diversify its business and Hand & Malt made a proposal a year ago,” said a spokeswoman from Oriental Brewery, which is wholly owned by the Belgian giant.

ZX Ventures has various brands in its portfolio but they are all foreign. One of the best-known is Goose Island, a Chicago-based brewery AB InBev purchased in 2011. It has been expanding robustly in Korea with new tap rooms in various locations.

“We don’t have a craft beer ...More info on site

Brewery news Canada: Purchasing small Canadian craft breweries unproven outside of their local domain could be highly risky for large multinationals
As it has in other countries, Canada’s beer market has changed considerably with the decline of mass-marketed, light-bodied lager beer such as Canadian and Blue and the rise of craft beers differentiated by a number of attributes from taste to location, The Conversation CA reported on March 30.

But what exactly is a craft beer? Is the brewer small and/or local? Does the beer itself incorporate more specialty hops or innovative ingredients such as fruit and spices?

While there is no pan-Canadian definition, the Ontario Craft Brewers Association defines craft beer as being small (less than 400,000 hectolitres), independent, and traditional.

The Brewers Association in the United States defines a craft brewer as producing less than six million barrels (around seven million hectolitres) annually, being less than 25 per cent owned by a non-craft brewery and using traditional or innovative ingredients for the majority of their production.

Many beers that were initially produced by local craft brewers have since been purchased by larger, multi-national breweries and are now available in a much wider geographic area thanks to the distribution network of those large larger breweries. Does that mean the beer is still a craft beer?

At the peak of the McKenzie brothers’ popularity in 1985 ...More info on site

Brewery news Vietnam: Ministry of Industry and Trade asks Sabeco to hold extraordinary meeting to review personnel matters
Vietnam’s Ministry of Industry and Trade (MoIT) has asked the Saigon Beer-Alcohol-Beverage Corporation (Sabeco) to hold an extraordinary shareholders’ meeting to review personnel matters, VietNamNet Bridge reported on April 4.

This request was made in response to the Thai Beverage Public Co Ltd (ThaiBev)’s query relating to its authority to participate in Sabeco’s management board.

In a recent letter sent to the Government, ThaiBev has expressed concern that until now it has not been directly involved in Sabeco’s management board, even though its ownership here has reached 53.59 per cent of charter capital.

Deputy Prime Minister Vuong Dinh Hue asked the MoIT to handle the Thai beer company’s proposal.

In a sideline discussion at the Government’s meeting on April 2, Deputy Minister of Industry and Trade Do Thang Hai said the 2014 Law on Enterprise stipulates that a shareholder or a group of shareholders may officially participate in the company’s board of directors and board of supervisors if they own a 10 per cent equity or more for at least six months.

Meanwhile, ThaiBev has held Sabeco’s stake for about four months.

However, MoIT has sent a document to Sabeco, asking the company to hold an extraordinary shareholders’ meeting to make decisions on a personnel matter, ...More info on site

Brewery news Portugal & Angola: Sagres beer expected to double production volume in Angola this year
Production of Portugal’s Sagres beer was launched in Angola in March 2017 and the total volume brewed over the 12 months amounted to around 11 mln litres, Dinheiro Vivo reported on March 26.

The brand’s owner, Sociedade Central de Cervejas e Bebidas (SCC), hopes to double the output in 2018.

“We don’t export to Angola, the beer is brewed locally thanks to the contract we have with Sociedade de Distribuição de Bebidas de Angola (SODIBA),” said company Communications Director Nuno Pinto Magalhaes.

Sagres is the first international brand to be produced under license in Angola, he added.

The Portuguese company also exports to Angola via SODIBA its dark beer, a radler, and a range of Heineken-owned ciders.

Brewery news India: Beer set to come back to Bengal before summer
After being exiled from the shelves due to a hike in excise duty, coupled with bottlenecks in the supply chain, beer is set to make a comeback in Bengal. But sipping on the popular summer beverage could leave thirsty Bengalis high and dry on account of the revised prices, The Hindu reported on April 3.

The production and distribution of beer in Bengal is back on track after a gap of three months owing to a hike in excise duty. The State government issued a communiqué to this effect saying that beer will be back on the shelves of liquor stores with all the key breweries in the state upping production.

“In order to cater to the demand of beer in the summer season, all the three breweries are now functioning in three shifts, optimizing their production capacity,” the release noted. The problem of non-availability of beer started following a sharp hike in excise duty. Following the hike, beer producers stopped production and the much desired summer drink disappeared from the market.

According to the communiqué, United Breweries and Carlsberg India “now produce 30,000 cases per day”, while Celebrity Brewery is producing about 12,000 cases, thus going full capacity, the communiqué noted.

“We ...More info on site

Brewery news Nepal: Raj Brewery starts local production of German beer Warsteiner
Raj Brewery Pvt Ltd has started commercial production of German beer Warsteiner in Nepal, My Republica reported on April 4.

Catharina Cramer, the owner and president of the board of Warsteiner Group, inaugurated the brewery plant amid a ceremony held in Nawalparasi on April 4.

Addressing a press briefing following the inauguration of the brewery, Cramer said that the group is proud to expand its products to Nepal. "We are not only looking growth here, we also want to win the hearts of Nepalis through our product," added Cramer, explaining the partnership between two family-owned corporations for licensing the German beer brand to Raj Brewery - a sister concern of Jawalakhel Group of Industries (JCI).

JCI, which is known for production of various liquors including Ruslan Vodka, has forayed into the brewery with the production of German beer.

Raj Bahadur Shah, the managing director of Raj Brewery, said that the brewery chose Warsteiner after tasting over 100 beer brands in the world. According to Shah, the combination of modern and state-of-the-art factory, quality raw materials imported from Germany, and experienced brewing team would ensure the production and supply of true and authentic German beer in the Nepali market.

According to Shah, all raw materials, ...More info on site

Brewery news USA: Beam Suntory and AB InBev to create limited-edition collaboration beer
Beam Suntory and AB InBev’s Jim Beam and Budweiser brands will collaborate for the first time to create a new limited-edition beer for the US market, which will go sale later this year, FoodBev.com reported on April 4.

The collaboration will see the creation of the Budweiser Reserve Copper Lager, which will be released to celebrate the 85th anniversary of the end of prohibition in the US.

Set for release in September, the lager will be brewed using two-row barley before being aged in Jim Beam barrels to give the drink an oaky aroma and a slightly nutty taste.

Ricardo Marques, vice-president of marketing for Budweiser said: “We are very excited about this partnership not only because both brands share common history but also an obsession for quality and a decade’s long connection to America.

“This is a truly unique partnership and innovation that will surely drive excitement with our drinkers.”

Rob Mason, vice-president of marketing for Jim Beam added: “This partnership feels especially natural given our brands’ common values and the pivotal roles they’ve both played in American history.

“Our family distillers have produced ‘America’s Native Spirit’ since 1795, using traditions and techniques passed down through the generations. This is another exciting milestone in Jim ...More info on site

BarleyBarley News Barley

Barley newsUK: Demand for barley strengthening at national and international level
Indications are that demand for British barley is strengthening at a national and international level with this spring’s delayed planting also acting to firm ...More info on site

Barley news Japan & Australia: Japan bans some imports of Australian barley over high pesticides levels
The Japanese Government has banned some imports of Australian barley after pesticides five times the normal limit were detected, the ABC reported on April 3.

Hundreds of thousands of cereal products containing the barley are now being recalled.

The pesticide azoxystrobin was detected in a shipment of Australian barley from ITOCHU Corporation that arrived in August.

The Japanese Ministry of Agriculture, Forestry and Food is now investigating and analysing all shipments of Australian barley.

Almost half of the 85 tonne export has already been used in food products and most likely already consumed, but ITOCHU said the quantity and concentration of pesticides detected did not pose a health risk.

Nevertheless, food company Nissin Cisco has voluntarily recalled 315,000 of its cereal products.

The Japanese Ministry of Agriculture, Forestry and Food has banned future shipments of barley from ITOCHU, but this will not impact exports which already have approval.

"ITOCHU says something possibly happened between harvesting and shipping, perhaps during the cleaning process, but they are still investigating," the ministry's Tetsuo Ushikusa told the ABC.

"It's very unlikely that it suddenly appeared in the fields."

"In the last 14-15 years, azoxystrobin has never been detected from Australian imports — not even a tiny amount."

The Japanese Government has given ITOCHU until ...More info on site

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