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Flash Summary
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E-Malt.com Flash 19a
May 07 - May 09, 2018
Quote of the Week
On victory, you deserve beer, in defeat, you need it
Napoleon
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Currency Rates
Base Currency: Euro
on May 09, 2018 |
Base Currency: US Dollar
on May 09, 2018 |
| |
1 EUR = 1.1870 USD
1 EUR = 0.8793 GBP
1 EUR = 1.5398 CAD
1 EUR = 1.5929 AUD
1 EUR = 129.4500 JPY
1 EUR = 4.2233 BRL
1 EUR = 75.0409 RUB
1 EUR = 7.5586 CNY
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|
1 USD = 0.8412 EUR
1 USD = 0.7386 GBP
1 USD = 1.2941 CAD
1 USD = 1.3383 AUD
1 USD = 109.0400 JPY
1 USD = 3.5589 BRL
1 USD = 63.0066 RUB
1 USD = 6.3659 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| May 09, 2018 |
French Barley/Malt
Crop 2017
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
167.50-169.50 |  2.32% |
| 6RW Malting Barley (FOB Creil) |
162.00-164.00 | 0.61% |
| 2RS Malt (FOB Antwerp) |
364.00-366.00 | 1.33% |
| 6RW Malt (FOB Antwerp) |
357.50-359.50 | 0.34% |
| Feed Barley (FOB Creil) |
163.00-165.00 |  0.61% |
French Barley/Malt
Crop 2018
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
187.50-189.50 | 0.53% |
| 6RW Malting Barley (FOB Creil) |
166.00-168.00 | 0.60% |
| 2RS Malt (FOB Antwerp) |
383.50-385.50 | 0.32% |
| 6RW Malt (FOB Antwerp) |
357.50-359.50 | 0.34% |
| Feed Barley (FOB Creil) |
nq | |
German Malting Barley
Crop 2018
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) |
1,174.00-1,176.00 | 0.86% |
| Malting Barley (West) |
1,184.00-1,186.00 | 1.72% |
Danish Malting Barley
Crop 2018
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,214.00-1,216.00 | 2.53% |
| Malting Barley (West) |
1,214.00-1,216.00 | 2.53% |
Canadian Barley/Malt
Crop 2017 |
CAD/T |
% |
| 2-Row Malting Barley, bulk, truck/railcar, Winnipeg |
310.00-312.00 |
 |
| 2-Row Malting Barley, bulk in store, Vancouver |
349.00-351.00 |
|
| 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 |
255.00-257.00 |
|
| Feed Barley, basis Winnipeg |
255.00-257.00 |
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| Feed Barley, bulk in store, Vancouver |
318.00-320.00 |
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US Barley
Crop 2017 |
USD/T |
% |
| 2-Row Malting Barley, bulk, railcar Great Falls, Montana |
171.00-173.00 |
|
| 6-Row Malting Barley, bulk, railcar Minneapolis, Minnesota |
nq |
|
| Feed Barley, basis Great Falls, Montana |
126.00-128.00 |
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| Feed Barley, basis Minneapolis, Minnesota |
129.00-131.00 |
|
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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.
World: AB InBev’s first-quarter core profit rises by 6.6%
...Click here
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Brazil: Ambev’s Q1 profit growth of 13% misses analysts’ estimate
...Click here
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Vietnam: Habeco asked to pay US$81 in tax liabilities
...Click here
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World: Budweiser sales down in the US but up 2.5% in the rest of the world
...Click here
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Spain & China: Grupo Damm enters China’s beer market
...Click here
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Belgium: Grimbergen Abbey planning to resume brewing after 200-year break
...Click here
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Ukraine: Barley crop forecast to be lowest in five years
...Click here
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EU: Stella Artois heads list of 12 best-selling beers in Europe
...Click here
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UK: Barley usage by brewers, maltsters, and distillers down 3.7% in March
...Click here
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Russia: Beer producers urge authorities not to restrict sale of alcohol during 2018 World Cup
...Click here
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South Africa: Farmers file complaint about AB InBev’s change of malting barley pricing formula
...Click here
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Australia: CPTPP provides significant new market access opportunities for Australian grain
...Click here
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UK: Scotland introduces minimum price per unit of pure alcohol
...Click here
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China: Great Leap Brewing forced to close flagship #12 venue in Beijing
...Click here
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India: Craft brewer B9 Beverage preparing to more than quadruple production
...Click here
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New Zealand: Lion causes stir in craft beer world trying to trademark ‘dank’
...Click here
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USA: Molson Coors chairman slams Brewers Association in open letter
...Click here
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Graph of the week
Source: Deutscher Maelzerbund e. V.
Table of the week
North America's Barley Imports, Production, Consumption, and Ending Stocks
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
CHARACTERIZATION OF BEER HAZE
ABSTRACT
Several hop components have potential impact on beer
haze, especially in craft beers. To analyse beer haze,
a team of Dutch researchers developed a novel analytical
method for beer haze profiling using a technique
known as AF4-UVFLR-MALLS-dRI (untraviolet,
fluorescence, multi angle laser light scattering and
differential refraction-index detection). In contrast to
its complex moniker, sample preparation is fast and
easy. Unfortunately, the method unravels if the haze is
composed of polysaccharides, proteins or polyphenol
structures of certain molecular weights.
REFERENCES:
Stam, P.: Characterization of Beer Haze using AF4, P.1.19 at13th Trends in Brewing, April 2018,
Ghent
Read more
Source: Barth Innovations
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These Days in Business History
07 May
1664 - Louis XIV of France inaugurates the Palace of Versailles
1955 - West Europe Union established
1979 - 5th UNCTAD-conference opens in Manila
1982 - IBM releases PC-DOS version 1.1
1998 - Mercedes-Benz buys Chrysler for $40 billion USD and forms DaimlerChrysler in the largest industrial merger in history
08 May
1888 - George Eastman patents "Kodak box camera"
1899 - Friedrich August von Hayek is born in Vienna (Nobel Prize in economics in 1974)
1929 - John Clifton Bogle, future founder of the Vanguard Group of Investment Cos., is born in Montclair, N.J.
09 May
1785 - British inventor Joseph Bramah patents beer-pump handle
1886 - At the soda fountain of Jacob's Pharmacy in Atlanta, Dr. John S. Pemberton sells the first glass of Coca-Cola, his new "tonic" beverage
Agenda
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)
24-26: 9th Iberoamerican VLB Symposium 2018 (Recife, Brazil)
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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UK: Barley usage by brewers, maltsters, and distillers down 3.7% in March
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In March 2018, UK brewers, maltsters and distillers used 160.1 thousand tonnes of barley, 3.7% lower compared to March 2017, AHDB reports.
Wheat usage was
...More info on site
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Brewery News
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World: AB InBev’s first-quarter core profit rises by 6.6%
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Anheuser-Busch InBev, the world’s largest brewer, forecast faster growth in the rest of the year helped by the soccer World Cup after strong earnings
...More info on site
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Brazil: Ambev’s Q1 profit growth of 13% misses analysts’ estimate
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Ambev SA, the Latin American unit of beverage company Anheuser Busch InBev NV, missed quarterly profit estimates on May 9 due to the timing
...More info on site
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Vietnam: Habeco asked to pay US$81 in tax liabilities
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The State Audit of Viet Nam (SAV) has proposed that the Ha Noi Beer Alcohol and Beverage JSC (Habeco) pay the State budget VND1.85
...More info on site
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World: Budweiser sales down in the US but up 2.5% in the rest of the world
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Americans are drinking less Budweiser. But India, Paraguay and South Korea are picking up the slack.
Anheuser-Busch InBev said on May 9 that overall sales were up slightly from a year ago and beat Wall Street forecasts.
Sales of Budweiser fell 1.3% during the first quarter, largely because of the decline in the United States. AB InBev is struggling in America as craft brews become more popular — and the company has tried to cash in by acquiring smaller beer companies like Goose Island, Blue Point and 10 Barrel.
Luckily, the company is a global giant. Sales of Budweiser were up 2.5% in the rest of the world because of solid sales from emerging markets in Latin America and Asia.
AB InBev owns more than just Bud and Bud Light. Stella Artois sales surged 12% in the quarter, thanks to strong demand in the UK and Argentina.
The company also said it was optimistic about its sponsorship of soccer's World Cup, which will take place in Russia in June and July.
Increased marketing expenses ahead of the World Cup ate into profits a bit this quarter, but AB InBev is expecting that to pay off with strong sales in Argentina, Colombia and Peru. It also just
...More info on site
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Spain & China: Grupo Damm enters China’s beer market
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Grupo Damm has entered the Chinese beer market as it moves to the next phase of its global expansion plan, the company's international brands
...More info on site
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EU: Stella Artois heads list of 12 best-selling beers in Europe
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According to Research & Markets, the Europe beer market is expected to grow at a CAGR of 6.2% during 2016-2022. Changing consumer preferences and improving lifestyles have led to the growth of premium beer products. That doesn’t mean there are fewer options available for the price conscious. Krakow, the ancient Polish city, serves beer at less than £1 a pint. Consumers prefer different types of beer, ranging from colored ales, lagers, and white varieties, depending upon price, taste and social status. The European brewers are also making huge investments to satisfy consumers’ changing tastes and preferences, Insider Monkey reported on May 5.
Beer not only defines Europe’s social and cultural landscape, but the brewing sector also contributes significantly to the EU economy and is also a major exporter. The European Union is the second-largest beer producer in the world, after China, with more than 6,500 active breweries. The European beer industry generates about 2.3 million jobs throughout the entire value chain. The 12 best selling beer in Europe thus spells out the European success story and contributions made towards the different facets of the economy.
The traditional European beer market is transforming into a modern and emerging upstart brewery culture. Beer is
...More info on site
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Belgium: Grimbergen Abbey planning to resume brewing after 200-year break
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A small band of Belgian monks are planning to start producing their own beer again, more than 200 years after invading French troops stopped all brewing at the abbey, Reuters reported on May 7.
The men from Grimbergen Abbey started making beer in 1128, but stopped in 1797 when the French took over the site and sold off the equipment.
After that, some of the world’s biggest drinks brands filled the gap – Heineken unit Alken-Maes makes brown and blond lagers with the Grimbergen brand in Belgium. Carlsberg sells them abroad, paying royalties to the abbey.
Now the monks have drawn up plans for their own micro-brewery to produce their own beers to sell alongside the other Grimbergen drinks on the market.
“We want to build a micro-brewery, on a small scale and linked with tradition, on the site where the brewery stood before the French Revolution,” said Sub-prior Karel Stautemas.
“What exactly the beer will be, we don’t yet know, but the tastes of before and now have changed. This will be a beer of the 21st century.”
The operation will be much smaller than the ones run by Belgium’s Trappist abbeys, such as Chimay or Westmalle, he added. Other abbeys such as Leffe have
...More info on site
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Russia: Beer producers urge authorities not to restrict sale of alcohol during 2018 World Cup
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Russia's beer producers have reportedly sent letters to local and federal officials urging them not to restrict the sale of alcohol during the 2018 World Cup, The Moscow Times reported on May 9.
Regional authorities are pushing to restrict the sale and consumption of beer during the international football tournament, which takes place in 11 Russian host cities from June 14 until July 15. In response, breweries are warning officials that if restrictions are put in place, football fans will be in danger of being forced to purchase illegal, hard liquor.
Beer producers also estimate that restrictions will cost Moscow alone up to 2 billion rubles ($31 million) in unpaid taxes.
The president of the Russian holding of Anheuser-Busch InBev, AB InBev Efes, Dmitry Shpakov sent a letter to vice-president Arkady Dvorkovich on May 4 outlining his concerns about statements from regional governments about possible alcohol restrictions on the territories of the 11 host cities, the Kommersant business daily reports.
On May 7, the Russian Beer Union also reportedly sent a letter to Moscow Mayor Sergei Sobyanin with the union members’ concerns about potential restrictions on beer sales and consumption in the Russian capital.
Two weeks ago a Moscow government department issued statements
...More info on site
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China: Great Leap Brewing forced to close flagship #12 venue in Beijing
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Beijing craft beer lovers have been handed yet another reason to drink their sorrows away this week as a shock announcement from Great Leap Brewing (GLB) details the closure of their flagship #12 Xingfucun location this Thursday, May 10, The Beijinger reported.
The message, which came via the brewery's official WeChat account just after noon on May 8 and written by Great Leap Brewing's co-founder Carl Setzer, states that the brewery is being forced out of the location on account of the landlord being "adamant that there will no longer be tenants using this property for any and all food and beverage services."
The crackdown on F&B in the space has forced the GLB team to reach a compromise and reconsider how it will be used in future, adding that they do not intend to give up the venue entirely but instead will repurpose it for the business. In doing so, it will become home to their corporate operations, a cold storage distribution centre, and office space for the staff.
As depressing as the news is that the city is to lose one of its most beloved venues, Setzer also used the opportunity to put a positive spin on things to come for
...More info on site
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India: Craft brewer B9 Beverage preparing to more than quadruple production
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India’s B9 Beverages, which sells the popular Bira 91 brand of beer, has just completed its largest round of fund-raising, and is now preparing to more than quadruple its production, Quartz reported on May 8.
On May 8, the New Delhi-based company announced that it has raised $50 million (Rs336 crore) in a funding round led by Belgian investment firm Sofina, and existing investor Sequoia.
B9 will use the majority of the cash to fulfil local demand, investing in existing and new manufacturing facilities, apart from expanding in the US and Southeast Asia, its founder and chief executive officer Ankur Jain told Quartz.
Bira 91 was launched in early 2015 to “fill the gap in the market for a trendy, unorthodox, fun, and smart brand of beer that could be positioned between Indian brands and the expensive imported beers,” Jain had said then. Its investors include Sequoia, TR Capital, Snapdeal’s Kunal Bahl, and Zomato’s founder Deepinder Goyal, among others, who have put in $100 million into the venture so far.
The likes of United Breweries, which sells the country’s largest beer brand Kingfisher, still dominate the Indian market, but beer consumption remains low here, leaving plenty of headroom for growth. In 2017, Indians drank
...More info on site
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New Zealand: Lion causes stir in craft beer world trying to trademark ‘dank’
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Corporate giant Lion has caused a stir in the craft beer world with a move to try to trademark the word "dank", the New Zealand Herald reported on May 6.
Traditionally a slang term for describing pungent marijuana it is now commonly used by craft brewers to describe strong, heavily-hopped ales.
Not to be confused with the Kiwi slang term "dak", the original meaning of "dank" was simply something damp and musty.
Craft beer fans were up in arms when Lion's trademark application was posted on the Beertown Facebook page last week.
"Dank, dankier, dankiest. Lion is attempting to trademark DANK as a beer descriptor. Anyone think that's a bit rank?" the Beertown post said.
Lion confirmed it was seeking the trademark for the term but reassured that it would not prevent other brewers from using the term.
"We have noticed some concern around Lion's Trademark application for Dank," the company said.
"It is correct that we have applied to trademark Dank for possible use as a brand in a new beer range ... It's incorrect though, to say that by registering Dank, we're seeking to prevent the use of the word by other brewers."
It was standard practice in trademark law that even if the application was
...More info on site
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USA: Molson Coors chairman slams Brewers Association in open letter
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Pete Coors, the chairman of Molson Coors’ board of directors, didn’t appreciate some of the comments that were made about large brewing companies during last week’s Craft Brewers Conference, Brewbound reported on May 7.
The annual event — which was hosted by the Brewers Association (BA) and drew nearly 14,000 attendees from across the beer industry to Nashville, Tennessee, for a week of learning and socializing – began with a familiar refrain: “Big beer” is bad.
That drew the ire of Coors, the Colorado-beer baron whose family ranks No. 71 on Forbes’ list of the richest American families.
In response, Coors, who didn’t attend the conference, penned what a MillerCoors spokesman described as an “open letter” to the BA and two of its key members: CEO Bob Pease and chairman of the board Eric Wallace, who co-founded Colorado’s Left Hand Brewing.
“The leadership of the Brewers Association does a great disservice to the entire beer value chain by attempting to pit one part of the industry against another,” he wrote in the letter, which was first published by Beer Business Daily.
Coors — who in 2016 “pushed the button” approving Molson Coors’ $12 billion purchase of SABMiller’s stake in the MillerCoors’ joint venture – was
...More info on site
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Barley News
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Ukraine: Barley crop forecast to be lowest in five years
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Spring barley planting in Ukraine is drawing to an end, and the forecasts about its shortfall are coming true, UkrAgroConsult repoted on May 8.
As
...More info on site
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South Africa: Farmers file complaint about AB InBev’s change of malting barley pricing formula
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Farmers in South Africa have filed a complaint with the country’s competition watchdog about Anheuser-Busch InBev’s decision to change its pricing formula for buying malt barley, a key ingredient in beer making, Reuters reported on May 7.
The farmers lobby group Grain South Africa believes AB InBev, the world’s biggest brewer, has contravened one of the conditions set when the country’s competition tribunal approved its $106 billion acquisition of rival beer maker SABMiller.
“We are aware of the complaint lodged by Grain SA and have formally responded to the Competition Commission,” AB InBev Africa spokeswoman Robyn Chalmers said. “We have, at all times, conducted our operations in compliance with the conditions imposed by the Competition Tribunal.”
In a letter to farmers in the barley growing region of Western Cape province, AB InBev said it was changing what it will pay for the 2018 crop to 97 percent of the price for top grade wheat (B1) from 102 percent of second tier wheat (B2).
“We are of the opinion that they are not sticking to what was agreed at the Tribunal,” said Jannie de Villiers, chief executive of Grain SA. “AB InBev has refused to engage any further. The Competition Commission is the only avenue
...More info on site
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Australia: CPTPP provides significant new market access opportunities for Australian grain
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The recently signed Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) provides significant new market access opportunities for the grain and other agricultural industries in Australia, according to a May 4 Global Agricultural Information Network (GAIN) report from the U.S. Department of Agriculture.
The CPTPP will eliminate more than 98% of tariffs in the TPP-11 markets, which include major markets such as Canada and Mexico, the report said.
“The CPTPP creates Australia’s first free trade agreements with Canada and Mexico, giving Australian exporters preferential access to two of the world’s top 20 economies for the first time,” the USDA said.
An analysis by the Australian government concluded that the CPTPP will eliminate tariffs on more than $2.5 billion of Australian agricultural products.
The USDA noted that the agreement provides improved market access into the Japanese market for wheat, barley and malt.
“Reduced mark-ups for wheat and barley as well as new quota arrangements will go beyond the benefits Australian exporters are already enjoying under the Japan-Australia Economic Partnership Agreement,” the USDA said. “There will also be new Australian rice access quotas into Japan with a new 6,000-tonne quota available once the agreement enters into force and increasing to 8,400 tonnes after 12 years.”
Mexico’s 67% tariffs
...More info on site
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Whisky News
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UK: Scotland introduces minimum price per unit of pure alcohol
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Scotland introduced a minimum price per unit of pure alcohol on May 1. The move is aimed to curb the sale of cheap and strong drinks, the Deutsche Welle reported.
"This public health policy will save lives," First Minister Nicola Sturgeon said.
Scots consume nearly 20 percent more alcohol on average than residents of England or Wales, according to government data. Officials say 24 people die from alcohol-related causes every week, and that 60 percent of young offenders in Scottish prisons were drunk at the time of the offense.
Other parts of the UK were also mulling minimum pricing for alcohol, Sturgeon told the AFP news agency.
"I think we will see countries across Europe and further afield look to replicate what has been done here in Scotland," she added.
Under the new policy, alcohol sellers will be expected to charge at least half a British pound (€0.57/$0.68) for every unit of pure alcohol. In the UK, a unit is set at 10 ml or 8 grams of alcoholic content. This roughly works out to nearly 3 units per pint of beer or two per standard glass of wine, although these figures vary with the brands and makes of alcoholic beverages.
The measure is expected to
...More info on site
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