If you want to see this letter from our site, please follow this link. http://www.e-malt.com/Publications.asp?14762
E-Malt.com NewsLetter
Flash Summary

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 Business history
RombBullet Agenda
RombBullet News articles

Last five Flashes

Jump  to http://www.firstkey.com

Last five graphs

Note: All graphs issued with e-malt.com newsletters are published in "Graph" section of e-malt.com site.

Last five tables

All e-malt.com tables are published in e-malt.com Statistics section. The Statistics section includes Barley statistics, Malt statistics and Beer statistics. The tables related to barley are published in Barley Statistics section, the tables related to malt in Malt Statistics section and the tables related to beer in Beer Statistics section.

Last five prices evolution

Access to E-malt.com

Do you know

Dear E-malt Reader!

E-malt.com Newsletters Archive could be found directly on e-malt.com site. Browsing through our Newsletters Archive you may see all the issues you have missed. To this purpose you just have to login e-malt.com and click on Newsletters link in the menu. Reading our Newsletters you will be kept informed with the latest news and events regarding malting and beer world. You may also submit your own news, events or other information to the address info@e-malt.com!

You may find updated malt, barley and beer statistics on e-malt.com Statistics section. Just enter e-malt.com! Here you will find all tables issued with e-malt.com newsletters.

E-malt.com Agenda gives the possibility to keep you informed about the Events planned to be held in the whole world related to the brewing and malting industries. To this purpose you just have to login e-malt.com and click on Agenda link in the menu. Reading our Event Agenda you will find out about the future symposia, conferences and festivals related to malting and beer world. You may also submit your own events to the address info@e-malt.com

E-malt.com has Trading Online system. The system is to be used for malt/barley trading. One can register a malt/barley offer or a malt/barley request. The registering person could be as a seller/buyer or as an agent for seller/buyer. The User can see information about all active malt/barley offers & requests. If needed the system allows user to buy/sell malt/barley due to reasonable offers/requests. The way to do this is to confirm reasonable transaction. Trading Online rules are available through the Internet in the Trading Online as well as Tutorial (useful for persons who starts the system usage). To visit the E-malt Trading Online first go to the E-malt.com site, then click Trading Online link in the left menu of the e-malt.com home page. For more details please contact info@e-malt.com

Thank You!

E-malt.com Links!


If you have any comments, questions, suggestions or remarks, you can send a mail to: info@e-malt.com. To submit your own news to our editorial team, email to: info@e-malt.com

If you have received this newsletter from a colleague, you can obtain your own subscription here! You are not registered yet? You may register here.

You may recommend our site to your friend by clicking here.

If you do not wish to receive our newsletter, please unsubscribe your e-mail address from our mailing list by sending us an e-mail info@e-malt.com. Please take into consideration your registration data.

from our mailing list.

Please take into consideration your registration data.

E-Malt.com Flash 43b
October 25 - October 28, 2018

Quote of the Week

It always seems impossible until it's done.
Nelson Mandela

             You are one of the 54,000 professionals of the brewing and malting industries from 195 countries receiving our free bi-weekly E-malt Newsletters published since 2001. You seem to be pleased by getting them as we have registered something like 3 mln readings.
             To keep the high level of this informative reservoir in both brewing and malting industries and in order to continue to improve it we have to request a small contribution for full access to E-malt.com information.
             The majority of our readers have responded positively thus giving us the possibility to keep developing this global informative reference.
             A one-year membership costs only 181,- Euros and gives you full access to both our Full Bi-weekly Newsletter and website www.e-malt.com.

             You can pay by credit/debit card or bank transfer (against invoice). Ordering is simple, use our online secure ordering system: click hereunder to begin - you can have access in just 5 minutes!

One-year individual subscription: 181, - Euros
Two-year individual subscription: 320, - Euros
Save money when your colleagues join:

One-year group subscription for 2-5 members: 373, - Euros
One-year group subscription for 6-10 members: 555, - Euros
One-year group subscription for 11-20 members: 737, - Euros
One-year group subscription for 21-50 members: 983, - Euros
One-year group subscription for 51-100 members: 1229, - Euros

For a personal service contact our Membership staff :
Email : info@e-malt.com
Direct line : +32 (0)87 681381; Fax : +32 (0)87 352234
If calling, please note our office hours are 9am - 5pm (Belgium time)

Currency Rates

Base Currency: Euro
on October 26, 2018
Base Currency: US Dollar
on October 26, 2018
      1 EUR = 1.1392 USD
1 EUR = 0.8856 GBP
1 EUR = 1.4867 CAD
1 EUR = 1.6094 AUD
1 EUR = 127.9400 JPY
1 EUR = 4.2391 BRL
1 EUR = 74.7655 RUB
1 EUR = 7.9111 CNY
      1 USD = 0.8777 EUR
1 USD = 0.7773 GBP
1 USD = 1.3050 CAD
1 USD = 1.4127 AUD
1 USD = 112.3000 JPY
1 USD = 3.7210 BRL
1 USD = 65.6287 RUB
1 USD = 6.9443 CNY

Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend

October 26, 2018
French Barley/Malt
Crop 2018
2RS Malting Barley (FOB Creil) 219.50-221.50 down0.45%
6RW Malting Barley (FOB Creil) 208.00-210.00 down0.48%
2RS Malt (FOB Antwerp) 424.00-426.00 down0.29%
6RW Malt (FOB Antwerp) 410.00-412.00 down0.30%
Feed Barley (FOB Creil) 198.00-200.00-
French Barley/Malt
Crop 2019
2RS Malting Barley (FOB Creil) 206.50-208.50 down0.48%
6RW Malting Barley (FOB Creil) 185.00-187.00 -
2RS Malt (FOB Antwerp) 408.00-410.00 down0.30%
6RW Malt (FOB Antwerp) 382.00-384.00 -
German Malting Barley
Crop 2018
Ex Farm
Average Malting Barley Price 217.00-219.00 down0.47%
Danish Malting Barley
Crop 2018
Free on truck
Ex Farm
Malting Barley (East) 1,644.00-1,646.00 -
Malting Barley (West) 1,644.00-1,646.00 -
Danish Malting Barley
Crop 2019
Free on truck
Ex Farm
Malting Barley (East) 1,384.00-1,386.00 -
Malting Barley (West) 1,384.00-1,386.00 -
Canadian Barley
Crop 2018
2-Row Malting Barley, bulk, track in Winnipeg rail 364.00-366.00 -
2-Row Malting Barley, bulk, track in Vancouver rail 364.00-366.00 -
6-Row Malting Barley, bulk, track/railcar, Winnipeg nq  
Feed Barley, basis Lethbridge 254.00-256.00 -
Feed Barley, basis Winnipeg 254.00-256.00 -
Feed Barley, bulk in store, Vancouver 314.00-316.00 -
US Barley
Crop 2018
2-Row Malting Barley, bulk, railcar Great Falls, Montana 176.00-178.00 -
6-Row Malting Barley, bulk, railcar Minneapolis, Minnesota nq  
Feed Barley, basis Great Falls, Montana 142.00-144.00 -
Feed Barley, basis Minneapolis, Minnesota 118.00-120.00 -
-No change; upPrice increase; downPrice decrease versus last publication.

Click here to see our Market Prices History.

Top Industry News

Brewery news World: AB InBev decides to cut dividend on weak Q3 profits ...Click here
Brewery news Brazil: Ambev reports drop in quarterly earnings ...Click here
Brewery news The Philippines: Philippines' San Miguel further trims F&B unit's IPO size, eyes $634 mln ...Click here

Barley news Australia: Barley harvest starts in Australia ...Click here
Barley news Canada: Most Alberta malting barley growers disappointed by this year’s crop ...Click here

More Industry News

Brewery news India: Beer anti-trust probe triggered by AB InBev’s report to authorities - sources ...Click here
Barley news France: 61% of winter barley sown by October 23 ...Click here
Brewery news USA: Boston Beer Co. reports 24.2% increase in Q3 revenue ...Click here
Brewery news Nigeria: Guinness Nigeria declares dividend of N4.03 bln for its shareholders ...Click here

Graph of the week

Source: Deutscher Maelzerbund e. V.

Table of the week

UK Hops Area, Yields, and Production 2016-2017

Table of the week.
Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

These Days in Business History

25 October
1492 - Christopher Columbus and ship Santa Maria land in Dominican Republic
1952 - Tappan sells 1st microwave oven
1960 - 1st electronic wrist watch placed on sale, New York City

26 October
1952 - Chevrolet unveils V-8 engine
1954 - Walt Disney's 1st television program, "Disneyland", premieres on ABC
1956 - U.N.'s International Atomic Energy Agency statute approved

27 October
1969 - Nobel prize for economy awarded to John Tinbergen
1984 - Hepatitis virus is discovered
1997 - Intel Corp buys Digital Equipment for $700 million

28 October
1904 - St Louis police try a new investigation method - the fingerprints
1954 - Nobel prize for literature awarded to Ernest Hemingway
1986 - International Red Cross ousted from South Africa


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)

February 2019:
8-10: Finest Spirits 2019 (Munich, Germany)
8-11: HoReCa 2019 (Athens, Greece)
16-19: Beer Attraction 2019 (Rimini, Italy)
19-21: Beviale Moscow 2019 (Moscow, Russia)

March 2019:
5-7: Expo Antad & Alimentaria Mexico 2019 (Mexico City, Mexico)
13-16: Festival Brasileiro da Cerveja 2019 (Blumenau, Brazil)
15-17: Barcelona Beer Festival 2019 (Barcelona, Spain)
19-21: Beviale Moscow 2019 (Moscow, Russia)
27-29: 10th World Barley, Malt & Beer Conference (Warsaw, Poland)

April 2019:
8-11: Craft Brewers Conference & BrewExpo America 2019 (Denver, Colorado, USA)

More events are available on site e-malt.com

BreweryBrewery News Brewery

Brewery newsWorld: AB InBev decides to cut dividend on weak Q3 profits
The world’s largest brewer Anheuser-Busch InBev has cut its dividend in half and reported weak third-quarter profits hit by slower sales in key markets ...More info on site

Brewery newsBrazil: Ambev reports drop in quarterly earnings
Ambev SA, Latin America’s largest brewer, reported a drop in quarterly earnings on October 25, hurt by inflation in Argentina and slipping share in ...More info on site

Brewery news The Philippines: Philippines' San Miguel further trims F&B unit's IPO size, eyes $634 mln
San Miguel Corp, the Philippines’ largest company, is seeking to raise a mere P34 billion (about $634 million), less than half of its original target, through a sale of shares in its food unit after pricing the shares at the bottom of an indicative selling range, DEALSTREETASIA reported.

In a disclosure to the Philippine Stock Exchange on October 25, the conglomerate said it will offer 400.94 million common shares in San Miguel Food and Beverage Inc at a price of P85 ($1.6) per share, the low end of the P85-95 price range it set last week.

This excludes an over-allotment option of up to 60.14 million common shares or 15 per cent of the offering.

The move marks yet another trimming of the IPO size by San Miguel Corp. In an amended filing last week, the company said it had slashed by a half the total number of shares it intends to sell to 523 million at a range of P85 to P95 per share due to weakness in the stock market.

The latest disclosure showed that the company further cut the size to 400.94 million, or less than half of its original plan to sell up to 1.02 billion ...More info on site

Brewery news India: Beer anti-trust probe triggered by AB InBev’s report to authorities - sources
An Indian anti-trust probe into beer price-fixing allegations was initiated after the world’s largest brewer Anheuser-Busch InBev told the authorities last year it had detected an industry cartel, three people familiar with the matter told Reuters.

AB InBev discovered the Indian operations it acquired as part of its around $100 billion acquisition of London-listed rival SABMiller Plc in 2016 had for years fixed beer prices along with Denmark’s Carlsberg and India’s United Breweries, which is part-owned by Heineken NV, the sources said.

AB InBev conducted an internal investigation in the first half of last year, after closing the SABMiller deal, and found that executives had discussed and agreed on their submission of ex-brewery beer production prices to Indian state governments. Those ex-brewery prices would include all the production and marketing costs, as well as a proposed profit margin, and were used by state governments to set a maximum retail price.

“It was startling,” one of the sources said. “Extensive pricing information about the competition, some of which is extremely confidential, was available to all the three companies.”

Earlier this month the Competition Commission of India (CCI) raided the offices of all the three brewers and found e-mails that showed executives were allegedly violating Indian ...More info on site

Brewery news Nigeria: Guinness Nigeria declares dividend of N4.03 bln for its shareholders
Guinness Nigeria Plc has declared a dividend of N4.03 billion for its shareholders for its financial year ended, June 30, 2018, translating to a dividend of N1.84 per share, the Vanguard reported on October 24.

Speaking at the 68th Annual General Meeting of the company, Chairman of Guinness Nigeria, Mr. Babatunde Savage, disclosed that the dividend represented an improvement of 318 per cent compared to a dividend of N963.77 million declared in 2017.

The dividend, which was approved by the shareholders, translated to a dividend per share of 184 kobo compared to 64 kobo per share in the 2017 financial year.

The company also recorded a 249 per cent increase in its profit after tax for the 2018 financial year, rising from N1.924 billion in 2017 to N6.72 billion in 2018.

This was on the back of a 31 per cent improvement in its operating profit, which rose to N13.39 billion, from N10.19 billion on the 2017 financial year.

The company’s revenue rose by 14 per cent to N142.98 billion in 2018 from N125.92 billion recorded in the 2017 financial year.

Commenting on its performance, Chairman of the company, Mr. Babatunde Savage, stated that despite the continued decline of the beer ...More info on site

Brewery news USA: Boston Beer Co. reports 24.2% increase in Q3 revenue
Boston Beer Company reported on October 25 its 2018 third-quarter earnings results, which were highlighted by a 24.2 percent increase in net revenue, to $306.9 million.

The company — which makes the Samuel Adams, Angry Orchard, Twisted Tea, and Truly Spiked & Sparkling products — credited the revenue growth to a 23.5 percent increase in shipments during the quarter, which ended September 29.

The company shipped about 1.3 million barrels of product, it said via a press release. Through the first 39 weeks of the year, Boston Beer has shipped about 3.3 million barrels of beer, hard cider and flavored malt beverages — a 16 percent increase from 2017.

Boston Beer’s year-to-date depletions are up 13 percent, driven primarily by growth within its non-beer portfolio.

Meanwhile, Q3 depletions increased 18 percent versus 2017. The company credited its growth during the quarter to the continued success of its Truly, Twisted Tea and Angry Orchard brands, while sales of its Samuel Adams offerings continued to decline.

“We believe that the acceleration in our depletions growth is attributable to our key innovations, quality and strong brands, as well as sales execution and support from our distributors,” Boston Beer founder Jim Koch said, via a press release.

To help stoke ...More info on site

BarleyBarley News Barley

Barley newsAustralia: Barley harvest starts in Australia
Barley harvest has started in Australia, and the first harvest pressure can be felt in the track markets, trading at clearly lower levels compared ...More info on site

Barley news Canada: Most Alberta malting barley growers disappointed by this year’s crop
Jeff Nielsen considers himself one of the lucky ones — he got all his barley off before winter-in-September weather arrived and knows it’s malt quality, the Alberta Express reported on October 24.

“If you got it off before all this crappy weather, you may have malt. If you still have barley now, it’s very doubtful that you have malt,” the Olds-area producer said earlier this month.

But Nielsen’s luck only goes so far. Malt prices are unlikely to go up much even though snow and rain will see a big chunk of the acres seeded to malt varieties downgraded to feed.

“By no stretch of the imagination is there as much good barley as last year,” said Kevin Sich, supply chain director with Rahr Malting.

However, Sich said he has secured sufficient supplies and although he doesn’t know about the situation of other malting companies, he’s not hearing of shortages.

“Saying we don’t have enough at the moment… I don’t know if that’s a fair statement right now until we wrap this harvest up.”

Part of that is because malting companies had good supplies from last year, said Jerry Klassen, manager of Canadian operations for Swiss-based GAP S.A. Grains and Produits.

“Last year’s crop was very high ...More info on site

Barley news France: 61% of winter barley sown by October 23
FranceAgriMer estimates 61% of the winter barley sown by Oct 23rd , vs 44% last week (and vs 72% same time last year), GrainCom analysts reported on October 26.

Conditions are still dry, although a bit of precipitation came down, but too little to make a difference.

Logistics remains very complicated in view of the very low water level at the European river systems.

Cash markets are mostly quiet, also because of the gathering at the ECE 2018 in Rouen.

Copyright © E-Malt s.a. 2018