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Flash Summary
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E-Malt.com Flash 29a
July 16 - July 18, 2018
Quote of the Week
Anyone can drink beer, but it takes an intelligence to enjoy beer.
Stephen Beaumont
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Currency Rates
Base Currency: Euro
on July 18, 2018 |
Base Currency: US Dollar
on July 18, 2018 |
| |
1 EUR = 1.1707 USD
1 EUR = 0.8873 GBP
1 EUR = 1.5403 CAD
1 EUR = 1.5810 AUD
1 EUR = 131.8100 JPY
1 EUR = 4.5281 BRL
1 EUR = 73.2427 RUB
1 EUR = 7.8324 CNY
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1 USD = 0.8550 EUR
1 USD = 0.7582 GBP
1 USD = 1.3159 CAD
1 USD = 1.3502 AUD
1 USD = 112.6100 JPY
1 USD = 3.8549 BRL
1 USD = 62.4352 RUB
1 USD = 6.6901 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| July 18, 2018 |
French Barley/Malt
Crop 2018
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
202.50-204.50 |  0.49% |
| 6RW Malting Barley (FOB Creil) |
177.00-179.00 | 1.14% |
| 2RS Malt (FOB Antwerp) |
402.00-404.00 | 0.31% |
| 6RW Malt (FOB Antwerp) |
371.00-373.00 | 0.67% |
| Feed Barley (FOB Creil) |
171.00-173.00 | 1.18% |
German Malting Barley
Crop 2018
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
nq | |
Danish Malting Barley
Crop 2018
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,634.00-1,636.00 | 0.62% |
| Malting Barley (West) |
1,634.00-1,636.00 | 0.62% |
Danish Malting Barley
Crop 2019
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,584.00-1,586.00 | |
| Malting Barley (West) |
1,584.00-1,586.00 | |
Canadian Barley/Malt
Crop 2017 |
CAD/T |
% |
| 2-Row Malting Barley, bulk, track in Winnipeg rail |
306.00-308.00 |
 |
| 2-Row Malting Barley, bulk, track in Vancouver rail |
325.00-327.00 |
|
| 6-Row Malting Barley, bulk, truck/railcar, Winnipeg |
nq |
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| Feed Barley, basis Lethbridge |
251.00-253.00 |
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| Feed Barley, basis Winnipeg |
251.00-253.00 |
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| Feed Barley, bulk in store, Vancouver |
314.00-316.00 |
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Canadian Barley/Malt
Crop 2018 |
CAD/T |
% |
| 2-Row Malting Barley, bulk, track in Winnipeg rail |
333.00-335.00 |
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| 2-Row Malting Barley, bulk, track in Vancouver rail |
352.00-354.00 |
|
| 6-Row Malting Barley, bulk, track/railcar, Winnipeg |
nq |
|
| Feed Barley, basis Lethbridge |
nq |
|
| Feed Barley, basis Winnipeg |
nq |
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| Feed Barley, bulk in store, Vancouver |
nq |
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US Barley
Crop 2017 |
USD/T |
% |
| 2-Row Malting Barley, bulk, railcar Great Falls, Montana |
180.00-182.00 |
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| 6-Row Malting Barley, bulk, railcar Minneapolis, Minnesota |
nq |
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| Feed Barley, basis Great Falls, Montana |
148.00-150.00 |
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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.
Australia: Malteurop’s expansion plan in North Geelong nearing completion
...Click here
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USA & Germany: January-May beer sales drop in the US but increase in Germany
...Click here
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Russia: Beer production up 1.2% in January-June this year
...Click here
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The Philippines: San Miguel Corp planning at least $1 bln investment in 10 breweries inside and outside of the country
...Click here
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Latvia: January-May beer production drops 17.3% yoy
...Click here
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Kenya: East African Breweries ready to launch new brewery in western Kenya
...Click here
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EU: EU Commission corrects barley S&D balance sharply downwards
...Click here
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Canada & USA: Crop prospects reported as controversial this year
...Click here
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India: Heineken seeking to remove Vijay Mallya from United Breweries’ board
...Click here
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USA: AB InBev moves craft beer portfolio into standalone business
...Click here
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China: Customs officials seize US$10 mln worth of smuggled beer
...Click here
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Graph of the week
Source: Deutscher Maelzerbund e. V.
Table of the week
Austria Brewing Industry 1980-2017
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
16 July
1661 - 1st banknotes in Europe were issued by Bank of Stockholm
1935 - 1st automatic parking meter in US installed, Oklahoma City
17 July
1850 - Harvard Observatory takes 1st photograph of a star (Vega)
1899 - NEC Corporation is organized as the first Japanese joint venture with foreign capital
1931 - 1st air-conditioned ship (Mariposa) launched
1955 - Disneyland, Walt Disney's metropolis of nostalgia, fantasy, and futurism, opens
18 July
1743 - 1st half-page newspaper ad is published (New York Weekly Journal)
1955 - 1st electric power generated from atomic energy sold commercially
1968 - Robert Noyce and Gordon Moore establish N.M. Electronics Corp. to miniaturize electronic circuitry onto silicon chips. It soon changes its name to Intel Corp
Agenda
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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EU: German malt output flat in July-March 2017/18
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According to the latest report by H. M. Gauger GmbH, Germany produced a total of 1.368 mln tonnes of malt in July-March 2017/18 versus
...More info on site
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Australia: Malteurop’s expansion plan in North Geelong nearing completion
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Malteurop’s North Geelong plant will soon be producing enough malt to brew more beer than Australians can drink, the Geelong Advertiser reported on July
...More info on site
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Brewery News
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USA & Germany: January-May beer sales drop in the US but increase in Germany
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The USA saw domestic beer sales decline by 6.4% in May, January-May shipments dropped 3.5% to 67.783 mln barrels, H. M. Gauger GmbH said in their July report.
Germany reported an increase of 2.5% in its May beer sales, volumes of the first five months of the year grew 1.2% to 37.7 mln hl.
The exceptional warm weather during spring in Europe and the World Football Cup have a positive effect on beer sales in several countries, although they may also end abruptly with the elimination of any teams (like Germany, Spain, Poland) from beer-drinking countries.
In June production and transport capacities of many maltsters and brewers ran at maximum capacities, H. M. Gauger GmbH reported.
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Russia: Beer production up 1.2% in January-June this year
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Russia’s January-June beer production amounted to 38.6 mln hl, up 1.2% versus the first half of 2017, Rosstat reported on July 17.
In June alone,
...More info on site
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The Philippines: San Miguel Corp planning at least $1 bln investment in 10 breweries inside and outside of the country
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Philippines conglomerate San Miguel Corp is planning to invest at least $1 billion in the next two years to build 10 breweries inside and
...More info on site
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Ukraine: Beer and malt output increase in H1 2018
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Ukraine’s January – June beer output totalled 9.11 mln hl, up 3.1% versus the same period last year, trade association Ukrpivo reported on July
...More info on site
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Latvia: January-May beer production drops 17.3% yoy
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With 30.412 mln litres of beer produced in Latvia in the first five months of this year, beer production in Latvia dropped 17.3% as
...More info on site
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Kenya: East African Breweries ready to launch new brewery in western Kenya
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East African Breweries said on July 17 its new 15 billion shilling ($149.25 million) brewery in western Kenya is ready to start production after
...More info on site
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UK: Craft beer keeps momentum in the UK
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The craft beer boom has kept up momentum in the UK in the last 12 months, new data has shown.
A record £135 mln was spent in the category in the year to June, up 47 per cent from last year's total of £92 mln, according to Kantar Worldpanel.
This was on par with the 47 per cent increase in consumption recorded last year, when the boom got into full swing.
Growth in the category has accelerated swiftly since 2015, when spending rose just 13.5 per cent to £46 mln.
More people are now going hopping mad for the craze, not only spending more on specialist beers but drinking higher volumes too.
Over the past 12 months, British drinkers consumed 38 mln litres of craft beer, up 52 per cent on the year.
The fast-growing sector has become a target for more established companies, which are now snapping up British breweries.
Most recently, Beavertown sold a stake to Heineken to fund a new £40 mln brewery. Other notable sales include Camden Town Brewery to AB InBev, and London Fields Brewery to Carlsberg.
Meantime was also sold to AB InBev, but later sold on to Asahi.
Commenting on the fresh data, Meantime general manager Laura Edwards said: "As industry sales
...More info on site
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USA: AB InBev moves craft beer portfolio into standalone business
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Anheuser-Busch InBev has moved its US craft beer portfolio into a standalone business unit as part of a shake-up of its High End division, the company announced.
The new unit houses all 12 of A-B InBev's North American craft beer brands, including Goose Island, 10 Barrel Brewing and Elysian Brewing Co. The unit is led by Felipe Szpigel, head of the High End since it was set up in 2014.
Meanwhile, sales and marketing for The High End's non-craft brands, which include Stella Artois, Estrella Jalisco and Shock Top, have moved to AB InBev's core US sales and marketing team. At the same time, dedicated sales and marketing resources have been given to the brewer's 'Beyond Beer' segment, which includes non-alcoholic drinks such as Teavana and flavoured malt beverages such as Lime-a-Rita and SpikedSeltzer.
Announcing the changes last week, Anheuser-Busch, the US unit of AB InBev, said: "[This] is an important step to better align our commercial structure with our new long-term business strategy, specifically as it relates to premiumisation and innovation.
"We are encouraged by the early signs of growth that have been reported, and believe this new structure offers us the best opportunity to build on the momentum."
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India: Heineken seeking to remove Vijay Mallya from United Breweries’ board
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Dutch brewing giant Heineken is seeking to remove Vijay Mallya from the board of India’s United Breweries (UB), according to reports from Delhi.
Heineken is the majority owner of India’s biggest brewer, but when Mallya sold his stake to the Dutch group, he was given an agreement that appointed him as chairman for life and a non-retiring director who did not need to offer himself to other shareholders for periodic re-election.
As part of the proceedings in India against the fugitive Mallya, the country’s Economic Directorate has appropriated his shares in United Breweries to recover some the £1.15 billion he owes a consortium of banks.
Heineken is reported to be taking legal opinion on whether, because he now formally holds no shares in UB, its agreement with Mallya is null and void and that it is legally entitled to nominate a new chairman for the brewer.
Mallya has previously been barred from holding any executive office in a company quoted on the Indian stock markets.
The next hearing on whether Mallya should be extradited from the UK to India will take place in London in two weeks’ time.
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China: Customs officials seize US$10 mln worth of smuggled beer
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Customs officials in Ningbo city in eastern China have raided a cross-city beer smuggling ring that led to the discovery of smuggled beer exceeding RMB 70 million (US$10.46 million) in value, the biggest smuggled beer bust in years, the Drinks Business reported on July 16.
The bust happened at the same time as the World Cup when demand for beer in China saw a sharp increase from football fans watching the games.
Furthermore, earlier this year the leading brewers in mainland China including Snow, Yanjing, and Tsingtao raised their prices for both bottled and canned beers as a result of growing labour costs and rising cost of raw materials. The price rise was between 10% and 20%, according to Chinese media reports.
According to the statement posted on General Administration of Customs, a Fujian-based company in southern China has found to be deliberately under declaring their imported beers including brands such as Heineken and Belgium’s Rochefort, and selling imported beers in cities in Zhejiang, Shanghai and Guangzhou.
Twelve suspects in relation to the case have been arrested, according to the administration. In China, suspects charged with smuggling can be sentenced to up to 10 years in prison, and fined for as much as five
...More info on site
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Barley News
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EU: EU Commission corrects barley S&D balance sharply downwards
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On June 26, the EU Commission has corrected its S/D balance sharply downwards and points out the risk of a further crop reduction, H.
...More info on site
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Canada & USA: Crop prospects reported as controversial this year
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In North America crop prospects are controversial. On one hand “bin-buster crops of all grains and soybeans” are possible, on the other hand there is apprehension about heat and dryness through July and August, H. M. Gauger GmbH said in their latest report on July 3.
Corn and bean fields too are impacted by incessant rains in the northern Midwest, changing whole tracts of land into lakes.
Canada has planted 6.499 mln acres of barley vs. 5.766 last year. The yield forecast is lower, the expected crop 8.75 mln vs. 7.9 mln tonnes in 2017.
Canadian barley exports in Aug/May 17/18 were 1.73 mln tonnes, of which 1.573 mln to China. Export business has fallen still since a few months. The Canadian feed demand will absorb a large crop easily, the percentage of malting barley will only be known after harvest.
NASS/USDA announced a U.S. barley acreage of 2.55 mln acres, 2.7% larger than last year, but even 11.5% larger than an earlier forecast for this year’s crop. Was it the better world market or the threatening short supply for U.S. maltsters, which changed farmers‘ minds before planting?
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