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Flash Summary
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E-Malt.com Flash 24b
June 14 - June 17, 2018
Quote of the Week
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Lao Tzu
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Currency Rates
Base Currency: Euro
on June 15, 2018 |
Base Currency: US Dollar
on June 15, 2018 |
| |
1 EUR = 1.1730 USD
1 EUR = 0.8768 GBP
1 EUR = 1.5222 CAD
1 EUR = 1.5514 AUD
1 EUR = 129.1500 JPY
1 EUR = 4.3312 BRL
1 EUR = 73.5621 RUB
1 EUR = 7.5009 CNY
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|
1 USD = 0.8536 EUR
1 USD = 0.7490 GBP
1 USD = 1.3021 CAD
1 USD = 1.3276 AUD
1 USD = 110.2900 JPY
1 USD = 3.7365 BRL
1 USD = 62.2511 RUB
1 USD = 6.3949 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| June 15, 2018 |
French Barley/Malt
Crop 2017
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
175.50-177.50 |  1.15% |
| 6RW Malting Barley (FOB Creil) |
168.00-170.00 | 0.60% |
| 2RS Malt (FOB Antwerp) |
374.50-376.50 | 0.66% |
| 6RW Malt (FOB Antwerp) |
365.50-367.50 | 0.34% |
| Feed Barley (FOB Creil) |
168.00-170.00 |  |
French Barley/Malt
Crop 2018
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
193.50-195.50 | 0.52% |
| 6RW Malting Barley (FOB Creil) |
169.00-171.00 | 0.59% |
| 2RS Malt (FOB Antwerp) |
391.00-393.00 | 0.31% |
| 6RW Malt (FOB Antwerp) |
361.00-363.00 | 0.34% |
| Feed Barley (FOB Creil) |
nq | |
German Malting Barley
Crop 2018
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
192.00-194.00 |  0.03% |
Danish Malting Barley
Crop 2017
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,244.00-1,246.00 | |
| Malting Barley (West) |
1,244.00-1,246.00 | |
Danish Malting Barley
Crop 2018
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,384.00-1,386.00 | 2.12% |
| Malting Barley (West) |
1,384.00-1,386.00 | 2.12% |
Canadian Barley/Malt
Crop 2017 |
CAD/T |
% |
| 2-Row Malting Barley, bulk, truck/railcar, Winnipeg |
336.00-338.00 |
|
| 2-Row Malting Barley, bulk in store, Vancouver |
355.00-357.00 |
|
| 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 |
|
| Feed Barley, bulk in store, Vancouver |
318.00-320.00 |
|
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 |
|
| 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.
Ethiopia: Soufflet to build malting factory in Ethiopia
...Click here
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World: AB InBev’s partnership with 2018 World Cup should bode well for the brewer
...Click here
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The Philippines: San Miguel Corp. to build five to six new breweries in the Philippines
...Click here
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World: New report shows demand for craft beer not likely to slow down any time soon
...Click here
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USA: MillerCoors might consider raising prices to compensate for higher aluminium tariffs
...Click here
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Japan & Myanmar: Kirin’s Myanmar subsidiary admits donating to Myanmar army during Rohingya crisis
...Click here
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Tanzania: Confederation of Tanzania Industries calls for improvement of business environment for producers of beer and spirits
...Click here
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South Africa: SABMiller confirms commitment to business transformation still part of long-term business plans
...Click here
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Graph of the week
Source: Deutscher Maelzerbund e. V.
Table of the week
World Hops Acreage 2017-2018s
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
14 June
1755 - 1e edition of Dr. Johnsons "Dictionary"
1789 - Whiskey distilled from maize is first produced by American clergyman the Rev Elijah Craig. It is named Bourbon because Rev Craig lived in Bourbon County, Kentucky
1846 - Belgian Liberal Party forms
1946 - Canadian Library Association established
1951 - 1st commercial computer, UNIVAC 1, enters service at Census Bureau
15 June
1762 - Austria uses 1st paper currency
1909 - 1st U.S. airplane sold commercially, by Glenn Curtiss for $5,000
1949 - Gas turbine-electric locomotive demonstrated, Erie Pa
1954 - UEFA (Union of European Football Associations) is formed in Basel, Switzerland
16 June
1903 - Pepsi Cola Company forms
1903 - Ford Motors incorporates
1911 - IBM founded as the Computing-Tabulating-Recording Company in Endicott, New York
1963 - 1st woman in space, aboard Vostok 6
1983 - European Space Agency launches European Comm Satellite 1, Oscar 10
17 June
1885 - Statue of Liberty arrived in New York City
1970 - Edwin Land patents Polaroid camera
1988 - Microsoft releases MS DOS 4.0
Agenda
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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Ethiopia: Soufflet to build malting factory in Ethiopia
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French grain group Soufflet will build a malting factory in Ethiopia, its first project in Africa, with an initial production target of 60,000 tonnes,
...More info on site
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Brewery News
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World: AB InBev’s partnership with 2018 World Cup should bode well for the brewer
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The 2018 World Cup in Russia is upon us. Budweiser, one of the key brands of Anheuser-Busch InBev, is the global beer sponsor of
...More info on site
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The Philippines: San Miguel Corp. to build five to six new breweries in the Philippines
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Philippines’ diversified conglomerate San Miguel Corp. (SMC) is planning to put up five to six new breweries worth around $250 million each in the
...More info on site
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World: New report shows demand for craft beer not likely to slow down any time soon
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Consumer demand for artisan beer is not likely to slow down any time soon, according to a new report from a global science company, The Morning Advertiser reported on June 14.
Royal DSM published The Craft Revolution in Brewing report, which surveyed 3,300 consumers in seven countries in Europe and the US, also stated that three quarters (75%) cited taste above everything else, including price, when they make their purchase decision.
About two thirds of consumers said they were attracted to craft beer because it is a premium, high-quality product.
The same number said they felt drinking craft beer was ‘more special’ than drinking regular beer. Quality, therefore, is becoming the byword of the brewing industry today, according to DSM.
The report stated that in the past two years, just under half of the craft drinkers surveyed said they now drink more craft beer.
Just 6% of this group are drinking less craft beer. The greatest increase took place in those aged 18 to 30. This rise is eating into regular beer consumption with 56% of respondents saying they drink less regular beer now.
Craft drinkers value ‘locally brewed’ beer but this is less about where it originates from and more about how the product is
...More info on site
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Germany: Beer cartel trial opens in Germany
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A judicial trial concerning a group of breweries which were accused of forming an illegal beer cartel in Germany opened at the Duesseldorf Higher Regional Court on June 13, Xinhua reported on June 14.
The court will consider an appeal by the German subsidiary of the Danish Carlsberg brewery against hefty fines first imposed on the company by the Federal Cartel Office back in 2014. At the time, the German antitrust authorities collected damages worth 338 million euros (398 million U.S. dollars) from 11 companies, one industry association and 14 managers for allegedly having colluded to raise beer prices paid by consumers.
The largest share of those fines, 222 million euros, was shouldered by the Radeberger Group, owned by the German foodstuffs producer Dr. Oetker, and Carlsberg Germany. The German subsidiary of the Belgian Anheuer-Busch InBev brewery evaded fines entirely by acting as the principal witness in the antitrust investigations, while other companies such as Bitburger, Veltins, Warsteiner and Krombacher also cooperated with the Federal Cartel Office and were handed relatively modest fines.
However, the Radeberger Group and Carlsberg Germany launched a challenge to the Federal Cartel Office's decisions in their respective cases before the Duesseldorf Higher Regional Court. Radeberger Group subsequently pulled
...More info on site
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USA: MillerCoors might consider raising prices to compensate for higher aluminium tariffs
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Getting buzzed on a 12-pack of Coors may be about to get more expensive for the US consumers, TheStreet.com reported on June 14.
MillerCoors, the maker of Miller Lite and Coors Lite, might have to consider raising prices to compensate for losing $40 million in profits due to aluminum tariffs, CEO Gavin Hattersley told Bloomberg. Though Commerce Secretary Wilbur Ross insisted that tariff would have minimal effects on American brewers when it was first proposed in March, Hattersley said that raising prices by 50 cents per 12-pack would cause the beverage market to be "hammered."
"I can't just go to the shareholders and say, 'You're just going to have to accept my profit's going to be $40 million less,'" Hattersley told Bloomberg from MillerCoors' new plant in Milwaukee. "It doesn't work that way."
The tariff is equal to a $347.7 million tax on the industry and could lead to the loss of 20,291 jobs, President and CEO of the Beer Institute President Jim McGreevy said in a statement.
"It's going to be something that's going to put jobs at risk and would be against the U.S. consumer," Carlos Brito, CEO of Anheuser Busch Inbev NV, which makes Budweiser, Corona and Stella Artois, said of
...More info on site
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Italy: Eight out of ten Italians drink beer
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Eight out of 10 Italians drink beer and 70% favour special brews, a DOXA survey for the Birra Moretti Observatory said on June 14.
The number of beer drinkers has risen 34% over the last 10 years, the survey said, with only six out of 10 drinking beer in 2008.
Per capita consumption is substantially steady at 31 litres today compared to 30 litres 10 years ago, much lower than the European average.
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Japan & Myanmar: Kirin’s Myanmar subsidiary admits donating to Myanmar army during Rohingya crisis
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The Japanese government has been urged to investigate “immoral” payments made by a subsidiary of one of the country’s most popular breweries that appears to have gone to Myanmar’s military, The Guardian reported on June 15.
Kirin Holdings Company has admitted its offshoot, Myanmar Brewery, made a payment late last year, during the height of the against the Rohingya population in Rakhine state.
The subsidiary made three donations to Myanmar authorities, worth a total of $30,000 (£22,584), between 1 September and 3 October 2017. Kirin Holdings Company confirmed the payments in correspondence with Amnesty International, who published the letters on June 14.
One donation, worth $6,000, intended to help victims of violence in Rakhine, was accepted by the commander in chief of the Myanmar military, Senior General Min Aung Hlaing, Kirin confirmed.
The brewery said the commander had accepted the donations in his capacity as a government representative, but admitted it did not know how the funds were used.
Kirin has banned all new charitable donations in Myanmar and is conducting a human rights assessment of Myanmar Brewery’s suppliers and business partners.
Amnesty International branded the payments unethical and said Kirin’s clientele would be dismayed by the possibility that they were inadvertently supporting the actions of
...More info on site
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Tanzania: Confederation of Tanzania Industries calls for improvement of business environment for producers of beer and spirits
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The Confederation of Tanzania Industries (CTI) has called on the government to improve the business environment for manufactures of beers and spirits, The Citizen reported on June 14.
In the event, the Confederation proposes maintaining the current excise duty rates on beer and spirits, but reduce excise duty on ready-to-drink (RTD) products to Sh765 a litre.
Currently, RTDs are charged as spirits – at Sh3,481 per litre – when they have the same alcohol content as beer: six per cent.
CTI also calls for the removal of the excise duty on beer produced from 100 per cent local raw materials.
“Maintaining the current excise duty structure on beer and spirits would be healthy for the industry and government revenue, as well as for Tanzanian consumers, employees and farmers,” a statement availed to BusinessWeek reads in part.
On the issue of maintaining jobs, Serengeti Breweries Limited (SBL) has a workforce of 800 employees, according to CTI.
The beer industry aids growth of the agricultural sector via contract farming involving with local farmers. As it is, SBL have a network of 300 farmers, which it looks forward to expanding with time.
Further increases of excise duty on beer and spirits would negatively affect prices, leading to declines in sales
...More info on site
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South Africa: SABMiller confirms commitment to business transformation still part of long-term business plans
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SABMiller has briefed Parliament’s portfolio committee on economic development on its progress in meeting the conditions for its merger with global brewery giant AB InBev, saying its commitment to business transformation and development has not fizzled out since the tie-up, fin24 reported on June 14.
In 2016, SABMiller and AB InBev wrapped up a deal which would create the largest beer producer in the world. AB InBev then became SAB’s holding company, and SAB would continue operating under its name in South Africa.
The Competition Commission assessed the transaction and approved it, under specific conditions. These included the protection of any South African workers from retrenchment, diversifying certain aspects of SAB’s business so small enterprises and localising the company’s product inputs.
SAB’s vice president of legal and corporate affairs in Africa, Doreen Kosi, told the portfolio committee that the company’s R1 bln public interest commitments were not just a matter of complying with the Competition Commission’s conditions, but aimed at long-term business growth.
Head of SAB’s regional strategic programmes unit, Zoleka Lisa, said the company would invest R50 mln over five years to help build and support black, women and youth-owned enterprises through mentorship, marketing and market linkages.
She said another R150 mln would be
...More info on site
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