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Flash Summary
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E-Malt.com Flash 18a
April 29 - May 01, 2019
Quote of the Week
A little bit of beer is divine medicine.
Paracelsus, Greek physician
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Currency Rates
Base Currency: Euro
on May 01, 2019 |
Base Currency: US Dollar
on May 01, 2019 |
| |
1 EUR = 1.1204 USD
1 EUR = 0.8621 GBP
1 EUR = 1.5052 CAD
1 EUR = 1.5896 AUD
1 EUR = 124.8900 JPY
1 EUR = 4.4097 BRL
1 EUR = 72.2867 RUB
1 EUR = 7.5453 CNY
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|
1 USD = 0.8925 EUR
1 USD = 0.7695 GBP
1 USD = 1.3435 CAD
1 USD = 1.4188 AUD
1 USD = 111.4100 JPY
1 USD = 3.9359 BRL
1 USD = 64.5205 RUB
1 USD = 6.7346 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| May 01, 2019 |
French Barley/Malt
Crop 2018
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
170.50-172.50 |  0.58% |
| 6RW Malting Barley (FOB Creil) |
169.00-171.00 | 1.16% |
| 2RS Malt (FOB Antwerp) |
368.00-370.00 | 0.18% |
| 6RW Malt (FOB Antwerp) |
366.00-368.00 | 0.51% |
| Feed Barley (FOB Creil) |
160.00-162.00 |  0.63% |
French Barley/Malt
Crop 2019
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
184.50-186.50 | 0.54% |
| 6RW Malting Barley (FOB Creil) |
177.00-179.00 | 1.14% |
| 2RS Malt (FOB Antwerp) |
381.00-383.00 | 0.32% |
| 6RW Malt (FOB Antwerp) |
372.00-374.00 | 0.66% |
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) |
1,394.00-1,396.00 |  |
| Malting Barley (West) |
1,394.00-1,396.00 | |
Danish Malting Barley
Crop 2019
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,304.00-1,306.00 | |
| Malting Barley (West) |
1,304.00-1,306.00 | |
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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.
World: Molson Coors reports drop in first-quarter profit
...Click here
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China: Tsingtao Brewery’s revenue increases in Q1 2019
...Click here
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China: Heineken, China Resources Enterprise complete all transactions to form strategic partnership
...Click here
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UK & Ireland: Craft breweries openings slow down in both countries
...Click here
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Canada: Brewing giant Sleeman makes bid for Calgary’s Wild Rose Brewery
...Click here
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World: Larger crops expected in barley, wheat, corn in 2019-20
...Click here
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Australia & UK: Australia’s Lion to open a London brewery for its craft beer brand Little Creatures
...Click here
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Japan & UK: Asahi adds former Fuller’s brands to its UK portfolio
...Click here
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Graph of the week
Table of the week
North America's Barley Imports, Production, Consumption, and Ending Stocks
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
29 April
1813 - Rubber is patented
1910 - The Parliament of the United Kingdom passes the People's Budget, the first budget in British history with the expressed intent of redistributing wealth among the British public
1913 - Swedish engineer Gideon Sundback of Hoboken patents all-purpose zipper
1953 - The first U.S. experimental 3D television broadcast showed an episode of Space Patrol on Los Angeles ABC affiliate KECA-TV
1977 - British Aerospace forms
30 April
1506 - Philip of Bourgondy and England sign trade agreement
1925 - Automaker Dodge Brothers, Inc is sold to Dillon, Read & Co. for US$146 million plus $50 million for charity
1939 - NBC inaugurates its regularly scheduled television service in New York City, broadcasting President Franklin D. Roosevelt's N.Y. World's Fairopening day ceremonial address
1939 - NBC/RCA 1st public TV demo with Franklin D. Roosevelt at opening of New York World's Fair
1995 - Sun Microsystems launches Java, the universal Internet programming language that brings "white space" and greater interactivity to millions of websites and Internet users
01 May
1876 - The Amsterdam Stock Exchange Association (Vereniging voor de Effectenhandel) is created by 465 Dutch brokers; from now on, only members of the association are allowed to trade on the exchange
1878 - The Tokyo Stock Exchange Co., Ltd., is established, primarily to trade bonds
1925 - The All-China Federation of Trade Unions is officially founded. Today it is the largest trade union in the world, with 134 million members
1972 - Economist Milton Friedman rings the opening bell at the Chicago Mercantile Exchange to inaugurate the world's first day of trading in foreign-currency futures
Agenda
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
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Brewery News
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World: Molson Coors reports drop in first-quarter profit
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Molson Coors Brewing Co.’s first-quarter profit fell compared with a year ago when its results were boosted by a one-time payment.
The beer company, which reports in U.S. dollars, says it earned US$151.4 million or 70 cents per share for the quarter.
The result compared with a profit if $278.1 million or $1.28 per share a year earlier when the company saw a $328-million cash payment related to a price adjustment for its purchase of the Miller International brewing business.
Molson Coors says its underlying profit for the quarter totalled $112.7 million or 52 cents per share compared with an underlying profit of $104.3 million or 48 cents per share a year ago.
Net sales totalled $2.3 billion, down from $2.33 billion.
The dip came due to lower volumes and unfavourable changes in foreign currency, offset by higher prices and a favourable sales mix in Europe. On a constant currency basis, net sales increased 0.6 per cent.
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China: Tsingtao Brewery’s revenue increases in Q1 2019
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China’s Tsingtao Brewery’s revenue reached RMB7.95 billion in Q1 2019 versus RMB7.14 billion in the same period last year, Yahoo Finance reported on April
...More info on site
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China: Heineken, China Resources Enterprise complete all transactions to form strategic partnership
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Heineken N.V. announced that on 29 April 2019 it completed all transactions to form the long-term, strategic partnership with China Resources Enterprise, Limited (`CRE`)
...More info on site
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UK & Ireland: Craft breweries openings slow down in both countries
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The UK’s boom in craft breweries has slowed to a drip as startups battle against multinational drinks makers – and industry pundits say Ireland’s
...More info on site
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Canada: Brewing giant Sleeman makes bid for Calgary’s Wild Rose Brewery
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One of Calgary’s best known craft breweries could become part of the Sleeman empire, if shareholders vote in favour of an offer by the Guelph-based beer-maker, the Calgary Herald reported on April 30.
Wild Rose Brewery — which has been in operation since 1996 and is one of Alberta’s largest craft breweries — is the target of a takeover bid by Sleeman Breweries, the third-largest brewer in Canada and a subsidiary of the Japanese multinational beer giant Sapporo Breweries Ltd.
Wild Rose is a privately held company and details of the purchase offer have not been disclosed. However, Wild Rose CEO Bill McKenzie confirmed in an email that a shareholder vote will be held May 9.
“Wild Rose has received an offer from Sleeman and we have sent this offer to our shareholders for approval,” McKenzie said. “We plan to issue a press release on Friday, May 10.”
Wild Rose Brewery, which was founded by Mike Tymchuk and Alan Yule, began producing draft beer out of a Calgary industrial park in 1996, and in 2006 moved to a converted Quonset hut at Currie Barracks. In 2013, the brewery moved to a new C$5-million, 40,000-square-foot production facility in Foothills Industrial Park.
That facility may be the
...More info on site
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Australia & UK: Australia’s Lion to open a London brewery for its craft beer brand Little Creatures
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Australasian food and beverage company Lion is to open a London brewery for its craft beer brand Little Creatures, following its acquisition of UK breweries Fourpure and Magic Rock, The Drinks Business reported on April 29.
Following its acquisition of Bermondsey brewer Fourpure in July 2018 and Huddersfield’s Magic Rock last month, Lion is expanding its investment in UK beer.
The company is to open a taproom and restaurant behind new development Granary Square in King’s Cross. The 557sqm site features a six-hectolitre brewery, taproom and restaurant.
Lion first introduced Little Creatures to the London market in 2017 when it ran a pop-up in Elephant & Castle. As well as London, it is also opening new venues in San Francisco, Taipei and Auckland.
According to The Grocer, head brewer at Little Creatures, Lara Smith, has relocated to London from Australia in order to supervise the project.
Lion UK and Europe regional director Toby Knowles told the title that the investment in the UK would “embed the Little Creatures brand in the community, provide greater awareness and ultimately market the brand to an audience who already have a real interest in craft”.
Little Creatures was founded in Fremantle in Western Australia in 2000. Developing a reputation for
...More info on site
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Japan & UK: Asahi adds former Fuller’s brands to its UK portfolio
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Japanese beer giant Asahi has confirmed the addition of former Fuller’s brands London Pride, Frontier and Cornish Orchards to its UK portfolio, following its acquisition of the British brewer, The Drinks Business reported on April 29.
The brands will join Peroni Nastro Azzurro, Asahi Super Dry, Pilsner Urquell and Meantime as part of Asahi’s super premium portfolio.
Fuller’s sold its cider, soft drinks, wine, distribution and wholesaling business, along with its beer and brewing operations, to Asahi earlier this year in a deal worth £250 million.
“All of us at Asahi UK are thrilled to be bringing these much loved cask ale and cider brands into our portfolio,” Tim Clay, Asahi’s UK managing director, said.
“Through our existing Super Premium Brand portfolio, distribution network, customer marketing and sales expertise we aim to extend and grow our new range across the UK and Ireland – to offer our customers the most comprehensive suite of Premium Beer and Cider brands.”
“Building on the heritage of Fuller’s London Pride, Frontier and Cornish Orchards, we aim to enrich consumer experiences through industry leading product quality, impactful marketing and by driving ongoing value to our customers. This year will be an exciting time for Asahi UK and our customers.”
Asahi has
...More info on site
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Canada: Government changes national beer standards
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Nearly five years after first being proposed, the Government of Canada and the Canadian Food Inspection Agency (CFIA) have announced the implementation of new compositional standards for beer in Canada, the Canadian Beer News reported on May 1.
Published on May 1 via the Canada Gazette, the official regulatory definition of “Beer” is now as follows:
(a) shall be the product of the alcoholic fermentation by yeast, or a mixture of yeast and other micro-organisms, an infusion of barley or wheat malt and hops or hop extract in potable water;
(b) shall contain at most 4% of residual sugars; and
(c) may have added to it during the course of manufacture any of the following ingredients:
(i) cereal grain,
(ii) honey, maple syrup, fruit, fruit juice or any other source of carbohydrates,
(iii) herbs and spices,
(iv) salt,
(v) flavouring preparations,
(vi) pre-isomerized hop extract,
(vii) reduced isomerized hop extract, and
(viii) food additives to which a marketing authorization applies and that are set out in the Lists of Permitted Food Additives published on the Health Canada website.
Changes from the previous definition – which was unchanged for at least three decades – include:
The addition of “a mixture of yeast and other micro-organisms” to the first point.
The removal of a rule that the
...More info on site
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USA: AB InBev drops US trade case against Heineken
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Anheuser-Busch InBev SA said it’s dropping a U.S. trade case against Heineken NV to focus instead on getting money from its rival beermaker, Bloomberg reported on April 29.
Heineken is no longer importing its Blade or Brewlock beer dispensing systems into the U.S., so there’s no need to proceed with a patent-infringement case at the U.S. International Trade Commission, AB InBev said in a filing. The agency only has the power to block imports and can’t award damages, so AB InBev said it’s turning to the courts for cash.
“We are pleased to have achieved our desired outcome in this proceeding -- namely Heineken’s withdrawal of its products from the market,” Pablo Jimenez, a spokesman for AB InBev said in a statement. “Given we have achieved our desired result, we see no further need for the requested relief from the USITC.”
When it filed its trade complaint against Heineken, AB InBev also filed a civil lawsuit in New York that was put on hold. AB InBev said it will ask that the case be reopened. It didn’t say how much it believes Heineken owes in damages.
The world’s two largest beermakers -- both based in Europe -- have accused each other of infringing patents
...More info on site
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Barley News
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World: Larger crops expected in barley, wheat, corn in 2019-20
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Total world grain production is expected to increase 2% in 2019-20 to a total of 2.178 billion tonnes, according to the International Grains Council’s
...More info on site
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