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E-Malt.com Flash 15a April 08 - April 10, 2019
Quote of the Week
Many battles have been fought and won by soldiers nourished on beer.
Frederick the Great
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Currency Rates
Base Currency: Euro on April 10, 2019 |
Base Currency: US Dollar on April 10, 2019 |
|
1 EUR = 1.1268 USD
1 EUR = 0.8625 GBP
1 EUR = 1.5001 CAD
1 EUR = 1.5795 AUD
1 EUR = 125.3400 JPY
1 EUR = 4.3381 BRL
1 EUR = 73.0389 RUB
1 EUR = 7.5629 CNY
|
|
1 USD = 0.8874 EUR
1 USD = 0.7654 GBP
1 USD = 1.3312 CAD
1 USD = 1.4016 AUD
1 USD = 111.2300 JPY
1 USD = 3.8499 BRL
1 USD = 64.8190 RUB
1 USD = 6.7118 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
April 10, 2019 |
French Barley/Malt Crop 2018 Bulk |
EUR/T |
% |
2RS Malting Barley (FOB Creil) |
174.50-176.50 | 2.94% |
6RW Malting Barley (FOB Creil) |
172.00-174.00 | 1.17% |
2RS Malt (FOB Antwerp) |
372.00-374.00 | 1.68% |
6RW Malt (FOB Antwerp) |
369.50-371.50 | 0.67% |
Feed Barley (FOB Creil) |
166.00-168.00 | |
French Barley/Malt Crop 2019 Bulk |
EUR/T |
% |
2RS Malting Barley (FOB Creil) |
184.50-186.50 | 1.09% |
6RW Malting Barley (FOB Creil) |
173.00-175.00 | 1.16% |
2RS Malt (FOB Antwerp) |
381.00-383.00 | 0.65% |
6RW Malt (FOB Antwerp) |
367.00-369.00 | 0.67% |
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) |
1,414.00-1,416.00 | |
Malting Barley (West) |
1,414.00-1,416.00 | |
Danish Malting Barley Crop 2019 Free on truck Ex Farm |
DKK/T |
% |
Malting Barley (East) |
1,314.00-1,316.00 | 0.77% |
Malting Barley (West) |
1,314.00-1,316.00 | 0.77% |
No change;
Price increase;
Price decrease versus last publication.
|
Click here to see our Market Prices History.
Japan: Major brewers pouring resources into craft beers
...Click here
|
Spain: Mahou San Miguel reports EUR170 mln of annual profits last year
...Click here
|
World: Barley trade forecast unchanged from last month
...Click here
|
Argentina: Barley harvest forecast at up to 5 mln tonnes
...Click here
|
China & Australia: China warns anti-dumping investigation into Australian barley exports could take up to 18 months
...Click here
|
World: Diageo launches €600 mln euro, £500 mln sterling denominated bonds
...Click here
|
EU: Diageo caught in a row between the EU and the UK
...Click here
|
Myanmar: Burbrit Craft Brewery quenching Myanmar’s thirst for craft beer
...Click here
|
Malaysia: Carlsberg Brewery Malaysia has no plans of further price hikes this year
...Click here
|
Graph of the week
Table of the week
World Hop Crop and Alpha Acid Production
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
Come on, let's dip hop!
ABSTRACT
Japanese researchers introduced this hopping
technology already 2013 at the EBC. Dip hopping means
the addition of hop after wort cooling before start of
fermentation. With this hopping technology they found the following results: hop enzymes do not contribute
to main fermentation, myrcene levels in finished beers
are very low, which was found favourable in this case.
Also, the production of 2M3MB an onion type of flavour
(derived from iso-alpha acid) is supressed due to a lower
H2S content in the beer.
REFERENCES:
Tsuchiy, Y: Effect of hops addition to the fermentation tank to beer fermentation, poster
presentation at the Brewing Summit 2018, A 127
Read more
Source: Barth Innovations
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These Days in Business History
08 April
1862 - John D. Lynde patents aerosol dispenser
1904 - John R Hicks is born, British economist (Nobel 1972)
1908 - Harvard University votes to establish the Harvard Business School
1946 - Electricite de France, the world's largest utility company, is formed as a result of the nationalisation of a number of electricity producers, transporters and distributors
09 April
1799 - Income Tax introduced in UK
1957 - The Suez Canal in Egypt is cleared and opens to shipping
2007 - Apple Computer unveils the revolutionary iPhone
10 April
1790 - U.S. Patent system forms
1816 - The Federal government of the United States approves the creation of the Second Bank of the United States
1930 - Synthetic rubber 1st produced
1956 - Philips broadcasts 1st Dutch color TV programs
Agenda
April 2019:
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)
17 - 19: 10th Iberoamerican VLB Symposium Brewing & Filling Technology 2019 (Guadalajara, Mexico)
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
Brewery News
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The Czech Republic: Beer output up 4.7% last year
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Czech beer production and consumption is rising again. Czech breweries produced a record 21.3 million hectolitres of beer last year, an increase of 4.7
...More info on site
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Japan: Major brewers pouring resources into craft beers
|
Major brewing companies in Japan are pouring resources into increasing sales of unique tasting "craft beers", SFGate reported on April 8.
While domestic beer shipments
...More info on site
|
Spain: Mahou San Miguel reports EUR170 mln of annual profits last year
|
Spanish beverage giant San Miguel raked in more than €170 million (£147 million) in pre-tax profits last year, according to the firm’s annual results,
...More info on site
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World: Diageo launches €600 mln euro, £500 mln sterling denominated bonds
|
Guinness beer owner Diageo launched and priced €600 mln of fixed rate Euro and £500 mln of fixed rate Sterling denominated bonds under its
...More info on site
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EU: Diageo caught in a row between the EU and the UK
|
Diageo, the world’s largest premium alcoholic beverage group, is caught in the crossfire in a row between the European Union and the UK Treasury which could cost it £278 million in back tax, The Drinks Business reported on April 8.
The dispute centres on a tax scheme introduced in 2012 by the then Chancellor of the Exchequer George Osborne. It involves complex “controlled foreign company rules” covering how tax is levied on interest payments on inter-company loans made by offshore subsidiaries.
After an 18-month investigation, the European Commission has ruled that Osborne’s tax scheme gave an unfair advantage to multinational companies based in the UK and has ordered the Treasury to reclaim more than £1 billion from about 50 companies including Diageo.
The EU says the scheme falls foul of its rules designed to stop big companies avoiding tax by moving profits into countries where taxes are low. It says the measures introduced by Osborne were tantamount to state aid.
Tax experts say the position is a muddle and expect either HM Treasury, the companies involved or both to make legal challenges to the Commission’s ruling.
The EU’s Competition Commissioner, Margrethe Vestager is quoted by The Sunday Times as saying: “Anti-tax avoidance rules are important
...More info on site
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Myanmar: Burbrit Craft Brewery quenching Myanmar’s thirst for craft beer
|
On a hot summer morning at a riverside plot in Yangon’s North Dagon, a small team of brewers carry sacks of grain imported from Germany on their shoulders to a small mill. There’s a brewer using a wooden paddle to stir the grain in the mashing tank. It’s steamy and smelly and there are pressure and temperature gauges everywhere. The hot, gloopy mixture will go through sparging, boiling and fermentation, and malt, yeast and hops will be added in the perfect ratios to create the most deliciously smooth and refreshing craft beer in Myanmar, The Irrawaddy News Magazine reported on April 9.
This is Burbrit Craft Brewery, which was set up by a small group of enthusiasts in 2016, making history in Myanmar and delighting craft beer-lovers around Yangon. Initially, it took time to convince the local drinking community to pay up to five times more for a fresh, premium beer and outlets in the city and beyond were challenged by the necessity to keep it chilled at all times. But the brewery has defied the odds and gone from strength to strength, opening a flagship taproom close to downtown Yangon in 2017 and producing canned beer to supply 45 outlets
...More info on site
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Malaysia: Carlsberg Brewery Malaysia has no plans of further price hikes this year
|
Carlsberg Brewery Malaysia Bhd does not plan to increase the price of its products for the rest of 2019, outgoing managing director Lars Lehmann was quoted as saying by The Sun Daily on April 10.
The group has hedged its needs for malt and barley, its two main components, as well as aluminium cans for the rest of 2019 to lock in the costs.
Chairman Datuk Toh Ah Wah said there will be “no major surprises” in prices, barring new regulatory changes.
Carlsberg has hiked price of certain products to distributors and retailers between 3% to 6% effective this month on rising costs.
“The price increase is preserving our margins. If we don’t do that, our margins will go down but we are able to keep our margins more or less unchanged,” Lehmann told a press conference after its AGM on April 10.
The rising costs of raw materials were attributed to escalating production costs with malt prices increasing by 15% to 20% due to bad barley harvests in Europe and Australia; the increase in prices of glass bottles by 4% in 2019 versus 2018’s prices; as well as utilities costs that were up 6.6% in July 2018.
Meanwhile, Lehmann pointed out the existing regulatory developments,
...More info on site
|
Barley News
|
World: Barley trade forecast unchanged from last month
|
World barley trade forecast for 2018/19 is almost unchanged from last month, at 26.555 mln tonnes, USDA said in its April report (the March
...More info on site
|
Argentina: Barley harvest forecast at up to 5 mln tonnes
|
The Buenos Aires Bolsa de Cereales reports that Argentina harvested 4.1 mln tonnes of barley, private estimates range from 4.5 to 5.0 mln tonnes,
...More info on site
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China & Australia: China warns anti-dumping investigation into Australian barley exports could take up to 18 months
|
China has warned its anti-dumping investigation into Australian barley exports could take up to 18 months, leaving the multi-billion industry in limbo after a
...More info on site
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