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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 Scientific digest
RombBullet Business history
RombBullet Agenda
RombBullet News articles

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E-Malt.com Flash 12a
March 18 - March 20, 2019

Quote of the Week

There is more to life than beer alone, but beer makes those other things even better.
Stephen Morris

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Currency Rates

Base Currency: Euro
on March 20, 2019
Base Currency: US Dollar
on March 20, 2019
      1 EUR = 1.1349 USD
1 EUR = 0.8552 GBP
1 EUR = 1.5111 CAD
1 EUR = 1.5990 AUD
1 EUR = 126.3500 JPY
1 EUR = 4.2960 BRL
1 EUR = 73.0315 RUB
1 EUR = 7.6160 CNY
      1 USD = 0.8810 EUR
1 USD = 0.7535 GBP
1 USD = 1.3314 CAD
1 USD = 1.4088 AUD
1 USD = 111.3100 JPY
1 USD = 3.7854 BRL
1 USD = 64.3506 RUB
1 USD = 6.7108 CNY

Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend

March 20, 2019
French Barley/Malt
Crop 2018
2RS Malting Barley (FOB Creil) 171.50-173.50 up0.58%
6RW Malting Barley (FOB Creil) 168.00-170.00 -
2RS Malt (FOB Antwerp) 368.00-370.00 up0.33%
6RW Malt (FOB Antwerp) 364.00-366.00 -
Feed Barley (FOB Creil) 165.00-167.00up0.61%
French Barley/Malt
Crop 2019
2RS Malting Barley (FOB Creil) 180.50-182.50 up1.12%
6RW Malting Barley (FOB Creil) 171.00-173.00 up1.18%
2RS Malt (FOB Antwerp) 376.00-378.00 up0.66%
6RW Malt (FOB Antwerp) 364.50-366.50 up0.68%
German Malting Barley
Crop 2018
Ex Farm
Average Malting Barley Price nq  
Danish Malting Barley
Crop 2018
Free on truck
Ex Farm
Malting Barley (East) 1,444.00-1,446.00 down0.69%
Malting Barley (West) 1,444.00-1,446.00 down0.69%
Danish Malting Barley
Crop 2019
Free on truck
Ex Farm
Malting Barley (East) 1,304.00-1,306.00 up0.77%
Malting Barley (West) 1,304.00-1,306.00 up0.77%
-No change; upPrice increase; downPrice decrease versus last publication.

Click here to see our Market Prices History.

Top Industry News

Malt news France & Ethiopia: Soufflet Group lays foundation of new malting plant in Ethiopia ...Click here

Brewery news China: China Resources Beer Holdings cuts capacity, reports 16.9% decline in 2018 net profit ...Click here
Brewery news France: Per capita beer consumption, number of breweries grow in France ...Click here
Brewery news Luxembourg: AB InBev inaugurates its Brasserie de Luxembourg in Diekirch ...Click here

Barley news EU: Malting barley prices declined on more plentiful supplies than expected ...Click here
Barley news Australia: Barley crop forecast at up to 8.5 mln tonnes this year ...Click here
Barley news France: Spring barley sowing almost finished ...Click here
Barley news EU: Cereal crops generally in decent condition thanks to mild winter ...Click here

More Industry News

Brewery news UK: Pending tax reform causing dispute in normally convivial brewing world ...Click here
Brewery news The Czech Republic & UK: Budejovicky Budvar worrying about Brexit impact ...Click here
Brewery news Spain & China: Spanish brewers increase shipments to China ...Click here
Brewery news Greece: Microbreweries benefiting from demand for local produce ...Click here
Brewery news Ireland: Guinness remains Ireland’s most valuable brand ...Click here
Brewery news World: Carlsberg CEO’s pay unlikely to rise this year ...Click here
Brewery news Nigeria: Guinness Nigeria launches Guinness Gold ...Click here
Brewery news Singapore: Heineken seeking growth by launching non-alcoholic Heineken in Singapore ...Click here
Brewery news World: AB InBev to appoint former Altria Group chief executive Martin Barrington as new chairman ...Click here

Graph of the week

Table of the week

EU Malt Exports

Table of the week.
Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

Scientific Digest


...because there is a method for fresh hops to analyse alpha acids. This method is applicable for fresh harvested cones, undried, meant for wet hopping. It addresses common problems with HPLC method development and explains general solutions. This makes it an applicable and robust method, using liquid-liquid extraction as sample preparation for also less-experienced analysts.


Schindler, R.: Quantification of Alpha-Acids in Fresh Hops by Reverse-Phase High-Performance Liquid Chromatography
Read more

Source: Barth Innovations

These Days in Business History

18 March
1850 - Henry Wells and William Fargo forms American Express in Buffalo
1938 - Mexico takes control of foreign-owned oil properties
1985 - Capital Cities Communications Inc. acquires ABC

19 March
1775 - Poland and Prussia sign trade agreement
1831 - 1st U.S. bank robbery (City Bank, New York/$245,000)
1965 - Indonesia nationalizes all foreign oil companies

20 March
1886 - 1st AC power plant in U.S. begins commercial operation, Massachusetts
1991 - U.S. forgives $2 billion in loans to Poland
2000 - Shares in MicroStrategy Inc., a hot software consulting firm, fall from $246.75 to $86.75 in a single day as chairman Michael Saylor announces that the company will have to slash its reported revenues and earnings for the past two years


March 2019:
27 - 28: Craft Beer Italy 2019 (Milan, Italy)
27 - 29: 10th World Barley, Malt & Beer Conference (Warsaw, Poland)

April 2019:
04 - 06: Warsaw Beer Festival 2019 (Warsaw, Poland)
05 - 06: Helsinki Beer Festival 2019 (Helsinki, Finland)
08 - 11: Craft Brewers Conference & BrewExpo America 2019 (Denver, Colorado, USA)
10 - 12: Drink Technology India 2019 (Bengaluru, India)
26 - 28: Zythos Beer Festival 2019 (Leuven, Belgium)

May 2019:
07 - 09: International Beer Strategies Conference 2019 (Dublin, Ireland)
15 - 17: Craft Beer China 2019 (Shanghai, China)
17 - 19: Mondial de la Biere 2019 (Paris, France)
21 - 23: Africa Brewing Conference 2019 (Addis Ababa, Ethiopia)
21 - 24: Beer 2019 (Sochi, Russia)
21 - 26: Latvia Beer Fest 2019 (Riga, Latvia)
22 - 25: Mondial de la Biere 2019 (Montreal, Canada)
23 - 25: Copenhagen Beer Festival 2019 (Copenhagen, Denmark)
28 - 30: Brasil Brau 2019 (Sao Paulo, Brazil)
30 - 01 June: Expo Wine + Beer 2019 (Santiago de Chile, Chile)

June 2019:
02 - 06: The 37th Congress of the European Brewery Convention (Antwerp, Belgium)
03 - 04: The Brewers of Europe Forum 2019 (Antwerp, Belgium)
09 - 11: Brewing Conference 2019 (Bangkok, Thailand)
24 - 26: 2019 ASBC Meeting (New Orleans, USA)
25 - 26: BevExpo 2019 (Ricoh Arena, Judds Lane, Coventry, United Kingdom)

July 2019:
03 - 04: Craft Drinks India 2019 (Bengaluru, India)
09 - 11: Fdt Africa 2019 (Midrand, South Africa)

August 2019:
02 - 04: The 23rd International Berlin Beer Festival (Berlin, Germany)
06 - 10: The Great British Beer Festival 2019 (London, UK)
07 - 10: VIETFOOD & BEVERAGE - PROPACK 2019 (Ho Chi Minh City, Vietnam)
09 - 10: Beervana 2019 (Wellington, New Zealand)
26 - 31: Copa Cervezas de America 2019 (Valparaiso, Chile)

September 2019:
04 - 08: Mondial de la Biere 2019 (Rio de Janeiro, Brazil)
21 - 06 October: Oktoberfest 2019 (Munich, Germany)
26 - 27: Sea Brew 2019 (Bangkok, Thailand)
26 - 28: Stockholm Beer & Whisky Festival 2019 (Stockholm, Sweden)

October 2019:
03 - 05: Stockholm Beer & Whisky Festival 2019 (Stockholm, Sweden)
03 - 05: The Great American Beer Festival 2019 (Denver, USA)

November 2019:
12 - 14: Brau Beviale 2019 (Nuremberg, Germany)
27 - 29: Drink Japan 2019 (Makuhari Messe, Japan)

December 2019:
05 - 07: Drink Technology India 2019 (New Delhi, India)
More events are available on site e-malt.com

MaltMalt News Malt

Malt newsFrance & Ethiopia: Soufflet Group lays foundation of new malting plant in Ethiopia
Soufflet Group, a French company, laid a foundation at Bole-Lemi Industrial Park to build a malt house at a cost of €70 million, 2merkato ...More info on site

BreweryBrewery News Brewery

Brewery newsChina: China Resources Beer Holdings cuts capacity, reports 16.9% decline in 2018 net profit
China Resources Beer Holdings is preparing to close down more breweries and introduce higher-priced products amid efforts to increase its share of revenue from ...More info on site

Brewery newsFrance: Per capita beer consumption, number of breweries grow in France
France’s per capita beer consumption increased to 32 litres last year from 30 litres four years ago, Le Figaro reported on March 16.

Although the ...More info on site

Brewery newsLuxembourg: AB InBev inaugurates its Brasserie de Luxembourg in Diekirch
Brasserie de Luxembourg was inaugurated on March 15 by AB InBev brewery group (Anheuser-Busch InBev) in Diekirch (north-east Luxembourg), The Brussels Times reported.

Some 25 ...More info on site

Brewery news UK: Pending tax reform causing dispute in normally convivial brewing world
Trouble is brewing in the normally convivial world of beer making, with an unseemly fracas developing over pending reform of the tax breaks that have fuelled the huge growth in the number of small brewers in the UK, The Guardian reported on March 16.

Anyone enjoying the wide array of lagers, ales, stouts and porters at this weekend’s bustling BeerX exhibition in Liverpool, organised by trade body the Society of Independent Brewers (SIBA), could raise a glass to Gordon Brown.

As chancellor, in 2002, he implemented small brewers’ relief (SBR), offering them a discount on beer duty, at a stroke slashing one of their largest costs.

SBR was a catalyst of the UK’s “craft beer revolution”, during which the number of small brewers expanded from about 400 to 1,800 or more today.

SIBA estimates that UK drinkers can choose from between 10,000 and 15,000 different beers.

That is before you take into account one-off special occasion beers or collaborations between brewers, a common occurrence in an industry that has garnered a reputation for a friendly spirit.

But that camaraderie is at risk due to a schism caused by upcoming reform of SBR. The Treasury, which gathers £8 blnn a year in beer duty, is calling for ...More info on site

Brewery news The Czech Republic & UK: Budejovicky Budvar worrying about Brexit impact
The Budejovicky Budvar brewery in the Czech Republic managed to survive a decades-long trademark battle over whether it could call its beer Budweiser. But now it faces another potential threat: Brexit, The Washington Post reported on March 18.

The United Kingdom is one of the brewer’s top five markets, though it won’t say exactly how much beer it sends there. Like many other businesses, it’s concerned about what will happen if Britain leaves the European Union without an agreement governing trade.

That exit is due to happen on March 29, though with political wrangling still very much underway, a delay looks likely.

That’s meant worrying uncertainty for businesses like Budvar that rely on being able to send their goods to Britain without inspection delays at borders.

“It’s about two weeks to Brexit and nobody knows anything,” said Budvar director Petr Dvorak. “We’re now waiting for what happens because it’s going to be uncertain till the last moment.”

Budvar’s business has been growing — it increased exports by 8.5 percent to reach 1.075 million hectoliters (28.4 million gallons) last year. The brewer reached its production capacity in recent years and has been expanding to be able to produce more.

Still, a loss of UK business would be ...More info on site

Brewery news Spain & China: Spanish brewers increase shipments to China
Beer brewed in Spain has been exported in ever increasing volumes to China during the last 10 years, the Director of Cerveceros de Espana, Jacobo Olalla, explained to Xinhua in an exclusive interview. This organization represents the interests of Spanish brewers.

Although Spain has always been associated with wine production, the long hot summers mean that the Spanish also have a long tradition of drinking beer. However, Spanish beer export is a relatively recent phenomenon.

Olalla explained that the breakthrough came with the 2008 economic crisis: "Over the past decade, the Spanish brewing sector has made a big effort in the export market with spectacular results. During the last 10 years, we have seen exports grow by 250 percent," he said.

The crisis had led to a downturn in domestic beer consumption, and breweries turned to the export market to help compensate for lower domestic sales.

"First we looked to countries around us, such as Portugal or countries with a beer drinking tradition, such as the UK, but then the chance to export to China appeared," explained Olalla.

According to data supplied by Cerveceros de Espana, Spanish beer exports to China increased 672 times in value and 628 times in volume between 2008 and 2018.

"China ...More info on site

Brewery news Greece: Microbreweries benefiting from demand for local produce
Bent over a barrel, Greek microbrewer Sophocles Panagiotou lovingly draws a measure of his Septem Red Ale into a glass cylinder and expertly transfers it to a glass.

A decade ago at the start of the financial crisis, the chemistry graduate and former winemaker took a chance on building his Septem microbrewery in a family field on the island of Evia, some 200 kilometres (120 miles) east of Athens.

"It was a crazy idea. At the time, they looked at me as if I were an alien," Panagiotou told AFP, in his fully-automated factory and bottling plant, which now produces 12 different beer labels.

Tens of thousands of small and medium-sized enterprises were obliterated by the economic crisis in 2010 that brought Greece to its knees and sent unemployment soaring.

But the microbrewery sector managed to grow amid the ruins, as local products benefited from a fall in imported goods.

Greece had fewer than a dozen breweries 10 years ago.

Today, there are 45 microbreweries, said Panagiotou, recently elected president of the Union of Greek Breweries, which represents both micro and bigger firms.

The financial crisis, which saw Athens granted a eurozone bailout in return for swingeing austerity measures, helped spur the microbrewery sector.

Foreign suppliers began demanding ...More info on site

Brewery news Ireland: Guinness remains Ireland’s most valuable brand
Guinness defends its position as Ireland’s most valuable brand, with a brand value of €2.5 billion, an increase of 16% from the previous year, according to the latest report by Brand Finance, the world’s leading independent brand valuation and strategy consultancy.

Guinness is leading the way for Irish brands, with the top 10 brands celebrating an increase in brand value, a reflection of the upturn in the Irish economy, which has been undergoing a recovery for the past few years.

Guinness, considered by many to encapsulate the very essence of Irishness, has launched successful digital marketing campaigns in a bid to create an ageless brand that appeals to all demographics. Guinness has continued to innovate, through its launches of new beers: Open Gate Citra IPA and Open Gate Pilsner. The brand has also worked on pop up experiences and ‘experimental brewing’ hubs which have been well received both in Ireland and at the popular Truman Brewery in London. Alongside this, Guinness’ renewed sponsorship of the Six Nations Rugby competition has tapped into the drink’s traditional markets, further boosting its international recognition and thus its brand value.

Simon Haigh, MD Brand Finance, Ireland, commented:

“Ireland’s home-grown brands continue to be very strong ambassadors for ...More info on site

Brewery news World: Carlsberg CEO’s pay unlikely to rise this year
The chief executive officer of Carlsberg A/S, Cees ’t Hart, is unlikely to get a pay rise this year as the board bows to public pressure to curb remuneration, Bloomberg reported on March 14.

Hart, whose total pay jumped 22 percent last year to about $8 million, will essentially have his salary frozen, according to Chairman Flemming Besenbacher. The decision follows criticism in local media.

“Aside from marginal adjustments, we don’t expect to see increases in next year’s report, even if the results continue to be as strong as they’ve been in recent years,” Besenbacher said, according to a transcript of his comments at the annual general meeting on March 13.

Claus Wiinblad, the head of equity investments at ATP, said Carlsberg’s habit of paying big salaries “unfortunately increases the risk” that other companies follow suit, which he said would be a step in the wrong direction, according to a transcript of his comments provided by the fund.

Since the 61-year-old Hart became CEO in the middle of 2015, Carlsberg’s share price has risen almost 40 percent, more than double the increase in the benchmark index of Denmark’s most traded stocks. But measured as an annualized total return, Hart has delivered ...More info on site

Brewery news Nigeria: Guinness Nigeria launches Guinness Gold
Guinness Nigeria Plc has launched a new premium lager beer into the market called Guinness Gold, Brandsprung reported on March 17.

According to the company, Guinness Gold brings a rich, amber gold, great flavour and great taste to discerning Nigerians who expect more from their lager beer experience.

Infused with crystal malt and amber malt, Guinness Gold is said to have a depth of flavour that no other lager beer anywhere can lay claim to. The new brand uses the same Guinness yeast as the iconic Guinness stout ensuring that the Guinness Gold drinker enjoys the fruity flavours that savour the flavour.

Speaking on the new brand, Adenike Adebola Marketing Director, Guinness Nigeria Plc, explained: “We are thrilled to see the great interest in Guinness Gold that has trailed our pre-launch activities. As you will agree, we too are passionate about celebrating life’s golden moments. It is why we redesigned our brewery gate and lit up our buildings in celebration of the launch of this truly extraordinary lager beer. We welcome you to enjoy the bold flavours that you expect from Guinness with Guinness Gold. I can’t wait to see you savour the flavour of Guinness Gold.”

The company stated that Guinness Gold is ...More info on site

Brewery news Singapore: Heineken seeking growth by launching non-alcoholic Heineken in Singapore
After acquiring its rivals to become Europe’s largest and the world’s second-largest brewery company in recent years, Heineken International is now seeking growth by expanding its sizeable beer portfolio to include the fledgling, yet fast-growing, non-alcoholic beer segment, the Edge Singapore reported on March 15.

Heineken 0.0 is the non-intoxicating, low calorie answer to the company’s namesake beer. It boasts just 69 calories per 330ml.

More importantly, it qualifies as a non-alcoholic lager as it contains only trace amounts of alcohol.

The beverage was first introduced in Barcelona in 2017 before launching in 14 other markets within the same year. Last month, it was officially launched in Singapore to further increase the product’s reach to 51 markets around the world.

According to the company, over a million hectolitres of Heineken 0.0 have been sold globally.

Andy Hewson, managing director of Asia Pacific Breweries (Singapore), a subsidiary of the Heineken group, says sample surveys conducted here have shown promise of consumer acceptance – although he unable to share local sales figures considering how the product has only just hit the shelves in Singapore.

The way Hewson sees it, Heineken 0.0 is part of the group’s overarching strategy to ride on the consumer trends of health ...More info on site

Brewery news World: AB InBev to appoint former Altria Group chief executive Martin Barrington as new chairman
Anheuser-Busch InBev is set to appoint Martin Barrington, the former chief executive of cigarette maker Altria Group, as its new chairman, in a major governance shake-up that will also see 3G Capital’s managing partner Alexandre Behring leave the board, The Financial Times reported on March 19.

Carlos Alberto da Veiga Sicupira, the Brazilian billionaire and one of the founders of 3G Capital, is also set to step down, to be replaced by his daughter Cecilia Sicupira.

According to people familiar with the matter, the changes are intended to telegraph to shareholders that the brewer’s board is determined to reverse a period of steep share price declines. The maker of Budweiser and Stella Artois is struggling to pay down more than $100 bln in debt racked up from acquisitions, and faces slowing demand for beer in its biggest market, the US.

Mr Behring’s departure also shows the board wants to signal its distance from 3G Capital, whose founders were instrumental in turning AB InBev into the world’s largest brewer. 3G is renowned for its debt-fuelled dealmaking and ferocious cost-cutting, but the Brazilian-backed private equity group’s methods have fallen out of favour with investors lately with the implosion of packaged foodmaker Kraft Heinz. ...More info on site

BarleyBarley News Barley

Barley newsEU: Malting barley prices declined on more plentiful supplies than expected
Since end November 2018 malting barley prices have strongly declined: French and Danish barley by around EUR45,- per tonne, H. M. Gauger GmbH said ...More info on site

Barley newsAustralia: Barley crop forecast at up to 8.5 mln tonnes this year
ABARES adjusted Australia’s’ barley crop figure to 8.31 mln tonnes, of which 4.92 mln tonnes in Western Australia.

However, H. M. Gauger GmbH report ...More info on site

Barley newsFrance: Spring barley sowing almost finished
French farmers are on the verge of finishing spring barley sowing after a brisk campaign, farming agency FranceAgriMer said on March 15, illustrating the ...More info on site

Barley news EU: Cereal crops generally in decent condition thanks to mild winter
Cereal crops in the European Union are generally in decent condition after a mild winter but more rain is needed in a dry swathe of southern Europe, the EU's crop monitoring service said on March 18.

Crops suffered minimal frost damage this winter and benefitted from unusually warm temperatures last month to advance in their growth, the MARS service said in a monthly report.

However, low rainfall that accompanied the warm spell had accentuated dryness across southern Europe and in parts of central Europe following drought last year, it said.

Reservoir levels were currently low in Spain, Portugal and Italy, which could hamper irrigation in summer, it added.

Like other crop observers, MARS said rapeseed rather than cereals had been most hurt by drought so far, with farmers reducing sowings and also replacing some struggling rapeseed plants with other crops like spring barley.

In its first yield forecasts for the 2019 harvest, based on historical trends, MARS mostly anticipated higher yields compared with last year's drought-affected production.

The soft wheat yield in the EU was projected at 6.04 tonnes per hectare (t/ha), up 7.4 percent from 2018 and 1.7 percent above the average of the past five years.

The EU winter barley yield was forecast at 6.02 ...More info on site

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