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Flash Summary
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E-Malt.com Flash 24b
June 13 - June 16, 2019
Quote of the Week
The best advice I ever got was that knowledge is power and to keep reading.
David Bailey
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Currency Rates
Base Currency: Euro
on June 14, 2019 |
Base Currency: US Dollar
on June 14, 2019 |
| |
1 EUR = 1.1286 USD
1 EUR = 0.8898 GBP
1 EUR = 1.5037 CAD
1 EUR = 1.6325 AUD
1 EUR = 122.3200 JPY
1 EUR = 4.3522 BRL
1 EUR = 73.0141 RUB
1 EUR = 7.8092 CNY
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1 USD = 0.8860 EUR
1 USD = 0.7884 GBP
1 USD = 1.3324 CAD
1 USD = 1.4464 AUD
1 USD = 108.3800 JPY
1 USD = 3.8565 BRL
1 USD = 64.6314 RUB
1 USD = 6.9197 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| June 14, 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) |
161.00-163.00 | 0.61% |
| 2RS Malt (FOB Antwerp) |
368.50-370.50 | 0.33% |
| 6RW Malt (FOB Antwerp) |
357.00-359.00 | 0.34% |
| Feed Barley (FOB Creil) |
162.00-164.00 | 0.61% |
French Barley/Malt
Crop 2019
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
183.50-185.50 |  |
| 6RW Malting Barley (FOB Creil) |
172.00-174.00 |  0.58% |
| 2RS Malt (FOB Antwerp) |
380.00-382.00 | |
| 6RW Malt (FOB Antwerp) |
366.00-368.00 | 0.34% |
German Malting Barley
Crop 2018
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
191.00-193.00 | 0.21% |
Danish Malting Barley
Crop 2018
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,314.00-1,316.00 | 0.75% |
| Malting Barley (West) |
1,314.00-1,316.00 | 0.75% |
Danish Malting Barley
Crop 2019
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,324.00-1,326.00 | 1.49% |
| Malting Barley (West) |
1,324.00-1,326.00 | 1.49% |
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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: Low and no alcohol beer category growth not expected to abate soon
...Click here
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Canada: Beer sales growth rate decreases as part of global shift
...Click here
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EU: EU barley production forecast reduced to 59.6 mln tonnes this month
...Click here
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Vietnam & Australia: Vietnam’s appetite for Australian wheat, barley expected to keep growing
...Click here
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Germany: Popularity of alcohol-free beer on the rise in Germany
...Click here
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Belgium: Trappist monks turning to online reservations for Westvleteren beer
...Click here
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The Philippines: Tax court orders PHP44.48 mln tax refund to San Miguel Brewery
...Click here
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Canada: Ontario’s Brick Brewing officially changes corporate name to Waterloo Brewing Ltd.
...Click here
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UK: Britain faces beer 'drought' after alcohol delivery drivers vote to go on strike
...Click here
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Graph of the week
Table of the week
UK Unroasted Malt Exports 1995 - 2018
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
13 June
1933 - Financial and Economy World conference opens, 66 countries
1934 - Black-McKeller Bill passes causes Bill Boeing empire to break up into Boeing United Aircraft
[Technologies] and United Air Lines
1975 - 1st oil pumped from North Sea oilfield
14 June
1755 - 1e edition of Dr. Johnsons "Dictionary"
1789 - Whiskey distilled from maize is first produced by American clergyman the Rev Elijah Craig. It is named Bourbon because Rev Craig lived in Bourbon County, Kentucky
1846 - Belgian Liberal Party forms
1946 - Canadian Library Association established
1951 - 1st commercial computer, UNIVAC 1, enters service at Census Bureau
15 June
1762 - Austria uses 1st paper currency
1909 - 1st U.S. airplane sold commercially, by Glenn Curtiss for $5,000
1949 - Gas turbine-electric locomotive demonstrated, Erie Pa
1954 - UEFA (Union of European Football Associations) is formed in Basel, Switzerland
16 June
1903 - Pepsi Cola Company forms
1903 - Ford Motors incorporates
1911 - IBM founded as the Computing-Tabulating-Recording Company in Endicott, New York
1963 - 1st woman in space, aboard Vostok 6
1983 - European Space Agency launches European Comm Satellite 1, Oscar 10
Agenda
June 2019:
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: Low and no alcohol beer category growth not expected to abate soon
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The low and no alcohol beer category is growing. And while a desire to reduce alcohol consumption is attracting consumers to the category, this
...More info on site
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Canada: Beer sales growth rate decreases as part of global shift
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Alcohol sales have been holding steady in Canada for the past few years, with a total volume of 3,098 million litres sold over the past fiscal year— the equivalent to 507.1 standard drinks per legal drinker — up slightly from the 3,074 million litres sold the year before, CBC reported on June 14.
However, while wine sales grew 4.6 per cent last year, increasing in every province and territory, and liquor sales were up 4.4 per cent, beer was basically flat, growing less than a per cent and cementing a decade-long trend.
And even as the craft beer craze saw the number of breweries in Canada hit an all-time high in 2018, overall production fell by 3.4 per cent.
This is part of a global shift.
In the U.S., alcohol consumption dropped for the third straight year in 2018, mostly because fewer people are drinking beer. For example, sales of Bud Light, America's biggest beer, dropped 17 per cent between 2012 and 2017. And beer's share of the U.S. alcohol market has dropped from 48.2 per cent in 2010 to 45.6 per cent in 2017.
As with so many things, young people are being blamed.
Millennials — who apparently care about fitness and dislike arriving at
...More info on site
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EU: Bad weather weighing on brewers stock
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Carlsberg A/S and Heineken NV may have closed at fresh highs this week, but persistent bad weather in Europe is killing the craving for pitchers of cold beer on a hot summer’s day, Bloomberg reported on June 14.
“Nobody is outdoors having a drink,” Keith Temperton, a sales trader at Tavira Securities Ltd., said in an emailed response to a Bloomberg query. “The bad weather in Europe is weighing on brewers.”
Carlsberg shares dropped as much as 3.4% in Copenhagen, with Heineken retreating 1.9% as of 2:22 p.m. in Amsterdam. The stocks were the top losers in Europe’s Stoxx 600 Food and Beverage Index on Friday, with Belgium’s Anheuser-Busch InBev NV the third-biggest decliner.
Summer is high season for European brewers and soft-drink makers, with the second and third quarters typically accounting for about two-thirds of profit, according to Jefferies International Ltd.’s estimates.
Even if bookmakers are slashing the odds of this June being the U.K.’s wettest on record, it doesn’t look good. Europe’s recent weather is likely to hit brewers and soft drink companies such as Fevertree Drinks Plc, especially compared with last summer, host to a heatwave, the soccer World Cup and a royal wedding, Jefferies analyst Edward Mundy wrote in a
...More info on site
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Cyprus: January-May beer shipments decline by 6.4%
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Beer deliveries in Cyprus reached 13.42 million litres between January and May 2019, down 6.4% compared to the same period last year, In-Cyprus.com reported on June 13.
The decrease is mainly attributed to local consumption in the first five months of the year that reached 12.66 million litres, down 9.3% year-on-year. At the same time, exports almost doubled in relation to the same period of 2018 reaching 762,781 litres.
Total deliveries of beer (local consumption and exports) in May 2019 amounted to 4.43 million litres, showing a decrease of 9.4%.
Local consumption amounted to 4.19 million litres, down 12.1% from the same month of 2018, while exports in May 2019 reached 239,785 litres and doubled compared to 115,030 in May 2019.
May is so far the month with the most beer deliveries for 2019.
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Germany: Popularity of alcohol-free beer on the rise in Germany
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During last year’s sweltering summer in Europe, workers of the Störtebeker beer brewery stood at the doors of the bottle depot eagerly awaiting the empty returns so they could be washed and refilled as quickly as possible. A bottle shortage swept the country due to the rate at which beer was being consumed to quench the overheated nation’s thirst, The Guardian reported on June 14.
But it wasn’t the demand for their classic range of beers that surprised the brewery bosses most, rather the rate at which its alcohol-free varieties were being drunk.
“Sales were 40% up on the previous year,” says Elisa Raus of Störtebeker. “We literally could not produce it as fast as it was being drunk.”
Founded in 1827, Störtebeker, which is in the northern port city of Stralsund on Germany’s Baltic coast and built its reputation as a purveyor to holidaying royals, boasts no fewer than three non-alcoholic varieties among its considerable range of beers. Bernstein, a wheat beer, came out in 2007, then followed Frei, an isotonic pils, and the most recent, Atlantic Ale, last August. Its brewers are working on a fourth in their subterranean testing lab, but the details of that are secret.
According to the German
...More info on site
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Belgium: Trappist monks turning to online reservations for Westvleteren beer
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Belgian Trappist monks who brew one of the world's most coveted beers are turning to online sales to ensure their limited supply goes directly to beer lovers rather than to profiteers, the Yahoo News reported on June 14.
The Saint-Sixtus abbey, home to 19 monks, has been brewing since 1839 and selling to the public since 1878, but with limited production and controlled sales to ensure brewing never takes over monastic life or earns more than needed.
After World War Two they opted to sell at the abbey gates only, instead of through local cafes.
With the rise of craft beer and websites hailing their Westvleteren XII as one of the best beers in the world, the monks started a telephone reservation system in 2005.
Customers were allowed to order two crates for collection at the abbey but were limited to no more than one purchase in 60 days.
Buyers found ways to circumvent the rules, however, using different phone numbers in order to buy more than allowed, and in some cases selling it on at inflated prices.
"Instead of car jams we got jammed telephones as well as the spread of the grey market, people selling on our beer sometimes at vast profit margins," said
...More info on site
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The Philippines: Tax court orders PHP44.48 mln tax refund to San Miguel Brewery
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The Court of Tax Appeals (CTA) has granted a tax refund/credit of PHP44.48 million to San Miguel Brewery Inc. over excise taxes imposed on its beer products collected four years ago, The Philippine Canadian Inquirer reported on June 14.
In a 25-page decision dated June 13, the CTA’s Special Second Division through Associate Justice Juanito C. Castaneda Jr. ordered the Commissioner of Internal Revenue to “refund or issue a tax credit certificate” in favor of San Miguel “for the erroneously, excessively and or illegally collected excise taxes on its San Mig Light and other beer products in bottles and cans for the taxable year 2015.”
Associate Justice Catherine T. Manahan concurred with the ruling which partially granted San Miguel refundable excise taxes of PHP44.48 million.
San Miguel had originally sued to be refunded or be issued a tax credit certificate of PHP48.266 million for what it claimed was excessive or erroneous excise taxes collected on its beer products between Jan. 1,2015 to Dec. 31, 2015.
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Canada: Ontario’s Brick Brewing officially changes corporate name to Waterloo Brewing Ltd.
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Waterloo Brewing Ltd., formerly Brick Brewing Co. Limited, on June 12 announced it has formally amended its corporate name to Waterloo Brewing Ltd. to align with the Waterloo brand names under which it has been brewing and marketing craft beers for the last 35 years.
Originally established in 1984 as Brick Brewing Co. Limited, the company was the first craft brewer in Ontario and has paved the way for over 270 craft brewers now operating in the province.
“This is an extraordinary company, with a truly remarkable history,” declared George Croft, President and CEO, Waterloo Brewing. “We are a company of pioneers, led in the critical early years by our founder Jim Brickman. It is incredible to think that in the early 80’s there were only ten licensed brewers in all of Canada and no such thing as a craft brewer.”
“We are truly indebted to those original brewers and brewery workers,” continued Croft. “They created the craft beer movement here in Ontario, starting with the renowned Waterloo Dark. The time was right, however, to begin a new chapter in this company’s history. We wanted to cement our commitment to our hometown and the Region of Waterloo by adopting their name as
...More info on site
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UK: Britain faces beer 'drought' after alcohol delivery drivers vote to go on strike
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A beer delivery drivers’ strike could leave Britons pining for their favourite pints, Mirror.co.uk reported on June 14.
Truckers who supply Carlsberg and Molson Coors brands to Greene King, Mitchells & Butlers, JD Wetherspoon and Whitbread pubs could cause shortages over “unmanageable workloads”.
Some 100 drivers and their colleagues from DHL-owned logistics firm Tradeteam in Sheffield and Immingham, Lincs, have voted for industrial action.
Unite union representative Harriet Eisner warned drinkers in Yorkshire, Lincolnshire and the Midlands they could go thirsty but said a “drought” was avoidable. Talks with Tradeteam bosses are set for June 17.
Carlsberg which owns its signature lager as well as Heineken and Kronenbourg, said it was making plans to “minimise disruption” if talks failed.
Molson Coors which owns labels including Carling, Cobra and Worthington’s, said it was “disappointed” with situation.
Whitbread said it had a “contingency plan”, while Wetherspoons declined to comment.
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Barley News
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EU: EU barley production forecast reduced to 59.6 mln tonnes this month
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A worsening of European soft wheat’s competitiveness on world markets led crop consultancy Strategie Grains to cut by more than 1 million tonnes its
...More info on site
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Vietnam & Australia: Vietnam’s appetite for Australian wheat, barley expected to keep growing
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Vietnam’s appetite for bread and noodles made from premium Australian wheat could jump 44 per cent by 2030, according to new AEGIC analysis.
AEGIC’s report, ‘Wheat and barley markets in Vietnam: their strategic importance to Australia’, analyses Vietnam’s grain market and economy to understand trends and suggest future actions for Australia.
Lead author Dr Peter White said Australia had historically been Vietnam’s largest wheat supplier, providing about 1.5 million tonnes each year on average – however in recent years Black Sea wheat had been encroaching in the feed sector.
“About 0.9 mln tonnes of Australian wheat was used in Vietnam’s higher priced food market and we expect increased demand to expand this market segment to 1.3 mln tonnes by 2030 – a 44 per cent increase,” he said.
“Similar to other South East Asian countries, Australian wheat has an excellent reputation for noodles in Vietnam. Australian wheat is also Vietnam’s first choice for bread (banh mi), which is quite unusual in Asia countries.
“To maintain and grow this market, the Australian grains industry has to make sure our wheat continues to meet the quality expectations of Vietnamese end-users as the economy grows and incomes increase.”
Dr White said malting and feed barley were also potential areas
...More info on site
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