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Flash Summary
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E-Malt.com Flash 29a
July 15 - July 17, 2019
Quote of the Week
What then is freedom? The power to live as one wishes.
Marcus Tullius Cicero
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54,000 professionals of the brewing and malting industries
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Currency Rates
Base Currency: Euro
on July 17, 2019 |
Base Currency: US Dollar
on July 17, 2019 |
| |
1 EUR = 1.1231 USD
1 EUR = 0.9020 GBP
1 EUR = 1.4664 CAD
1 EUR = 1.5983 AUD
1 EUR = 121.4200 JPY
1 EUR = 4.2204 BRL
1 EUR = 70.5260 RUB
1 EUR = 7.7206 CNY
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1 USD = 0.8903 EUR
1 USD = 0.8031 GBP
1 USD = 1.3057 CAD
1 USD = 1.4230 AUD
1 USD = 108.1100 JPY
1 USD = 3.7579 BRL
1 USD = 62.7967 RUB
1 USD = 6.8745 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| July 17, 2019 |
French Barley/Malt
Crop 2019
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
170.50-172.50 |  1.15% |
| 6RW Malting Barley (FOB Creil) |
165.00-167.00 |  |
| Feed Barley (FOB Creil) |
159.00-161.00 |  0.63% |
| 2RS Malt (FOB Antwerp) |
364.00-366.00 | 0.67% |
| 6RW Malt (FOB Antwerp) |
357.50-359.50 | |
German Malting Barley
Crop 2018
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
nq | |
Danish Malting Barley
Crop 2019
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,234.00-1,236.00 | |
| Malting Barley (West) |
1,234.00-1,236.00 | |
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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.
Hong Kong: AB InBev scraps planned Asian IPO on weak investor appetite
...Click here
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World: AB InBev looking into plan B to reduce its $100 bln-plus debt pile
...Click here
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World: 2019/20 barley trade forecast increased to 28.115 mln tonnes
...Click here
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EU: First barley reports from France and Germany are very positive
...Click here
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World: Harvest news are good from Mercosur, the EU, Russia, Ukraine this year
...Click here
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Germany: Wheat, winter barley crop set to rise despite recent heatwave
...Click here
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Rwanda: Leading brewer Bralirwa plans to cut imports of raw materials
...Click here
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Graph of the week
Table of the week
Germany Beer Market Overview
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
MORE ABOUT THE HOP CREEP
ABSTRACT
By now this phenomenon is known by many craft brewers.
Dry hopping leads to over-attenuation, but why?
Over-attenuation of dry-hopped cask ales was already
reported by Dr. Horace Brown over 100 years ago, citing
that "dry-hopping induces an earlier and more persistent
cask fermentation in beer". However the small percentage
of endogenous sugars in hops was reported to be
insufficient for the extent of refermentation. Already
back then, observations led researchers to conclude that
hops contain a "diastase" able to break down residual,
nonfermentable beer dextrins as seen by the production
of reducing sugars in dry-hopped beers. Now 100 years
later the team of Prof Shellhammer invested time and resources
to demystify the hop creep in detail. They found
that the total activity of alpha- and beta-amylase in hops is well
below that of malted barley, but within the range of plant
amylase activities reported in literature. To investigate
factors that may influence the rate and extent of refermentation
as a result of dry-hopping with Cascade hops,
a set of conditions were explored including dry-hopping
rate, temperature, duration, and separately, exposure
time to hop material. Glucose concentrations correlated
with hop dosing amounts and rose steadily throughout
the 15 days of dry-hopping. There was no change in
the carbohydrate composition of beer dry-hopped with
hops that had been autoclaved at 121 degrees Celcius. The results
suggest the effect of enzyme activity was dependent
upon exposure of beer to hop material and that shorter
dry-hopping time with hop removal, for example through
filtration, may significantly reduce continued enzyme activity
in finished. In this regard the collaboration of hops
and yeast can turn into a diabolic pack!
REFERENCES:
Kaylyn R. Kirkpatrick, Thomas H. Shellhammer: Evidence of Dextrin Hydrolyzing Enzymes in Cascade
Hops (Humulus lupulus), Journal of Agricultural and Food Chemistry 2018, 66, 34, 9121-9126
Source: Barth Innovations
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These Days in Business History
15 July
1783 - 1st steamboat, Pyroscaphe, 1st run in France
1869 - Margarine is patented in France by Hippolyte Mege Mouries of Paris
1954 - The first commercial jet transport airplane built in US is tested (Boeing 707)
2003 - AOL Time Warner disbands Netscape. The Mozilla Foundation is established on the same day
2006 - Twitter is launched, becoming one of the largest social media platforms in the world
16 July
1661 - 1st banknotes in Europe were issued by Bank of Stockholm
1935 - 1st automatic parking meter in US installed, Oklahoma City
17 July
1850 - Harvard Observatory takes 1st photograph of a star (Vega)
1899 - NEC Corporation is organized as the first Japanese joint venture with foreign capital
1931 - 1st air-conditioned ship (Mariposa) launched
1955 - Disneyland, Walt Disney's metropolis of nostalgia, fantasy, and futurism, opens
Agenda
July 2019:
29 - 02 August: 57th Congress of the International Hop Growers' Convention (Ljubljana, Zalec - Savinja Valley, Slovenia)
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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Hong Kong: AB InBev scraps planned Asian IPO on weak investor appetite
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The world's largest brewer, Anheuser-Busch InBev, has scrapped the planned float of its Asian business after encountering weak investor appetite for what would have
...More info on site
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World: AB InBev looking into plan B to reduce its $100 bln-plus debt pile
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Anheuser-Busch InBev NV shares fell after the demise of a blockbuster initial public offering of the brewer’s Asian business, leaving the company in a
...More info on site
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UK: Molson Coors acquires London brewery Hop Stuff
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Carling owner Molson Coors has expanded its craft beer offering by snapping up London brewery Hop Stuff from administration, Yahoo! Finance reported on July 12.
The brewery, which was founded by James Yeomans in 2013, hired administrators KPMG after it struggled to stay afloat amid “tough financial headwinds”.
The deal will see Molson Coors acquire the brewery – which makes a range of IPAs, pilsners, porters and stouts – as well as its brands and taprooms.
Molson Coors said the brewery was “too good not to exist” so made a move to buy Hop Stuff after discovering its future was under threat.
The acquisition is part of Molson Coors’ strategy to make its portfolio more premium, which also saw it snap up UK cider brand Aspall in 2018.
Hop Stuff’s administration comes more than two years after it raised £744,000 from crowdfunding investors, who will not receive a penny back from their investment as a result of the rescue deal.
Mr Yeomans wrote a letter to investors apologising that they will be left empty handed, explaining that a full sale of the shareholding was “commercially unviable”.
In the letter, he said: “I am so sorry. I wanted so much to turn the passion you have for Hop
...More info on site
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Rwanda: Leading brewer Bralirwa plans to cut imports of raw materials
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More than 100km from Kigali, near Akagera National Park fence and on the shores of Lake Ihema in Kayonza District, is a green farm jointly owned by local brewer Bralirwa, and Minimex, a maize processing plant in a joint initiative known as Bramin Ltd, The New Times reported on July 14.
With maize being the main ingredient in most of Bralirwa’s beer products, the maize grits are produced by Minimex. It used to import most of the raw materials which made the brewer engage in various projects to bridge the gap.
According to Stanislas Nsabimana, the Deputy Farm Manager, maize has been the priority for the farm standing on 165 hectares this season with other crops.
Beans were planted on 23 hectares, potatoes on 26 hectares, sorghum on 13 hectares, while 37 hectares were used to grow different types of vegetables; including pepper, onions, aubergines and tomatoes, among others.
The project’s total land mass is 650 hectares, but this season they have grown various crops on 337 hectares, using irrigation.
The preparation of the land and full installation of the irrigation schemes between 2010 and 2014 cost Rwf3.2 billion.
A pumping station was installed at the lake, with a machine that has capacity of pumping 580
...More info on site
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Barley News
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World: 2019/20 barley trade forecast increased to 28.115 mln tonnes
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The world barley trade forecast for 2019/20 is increased to 28.115 mln tonnes this month from 27.96 mln in June, USDA said in its
...More info on site
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EU: First barley reports from France and Germany are very positive
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First barley crop reports from France and South Germany are very positive, but still without details, H. M. Gauger GmbH said earlier this month.
...More info on site
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World: Harvest news are good from Mercosur, the EU, Russia, Ukraine this year
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Harvest news are good from the Mercosur, the EU, Russia and Ukraine with minor heat damage. New crop conditions are fine in Argentina, but
...More info on site
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Germany: Wheat, winter barley crop set to rise despite recent heatwave
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Germany's wheat harvest is set to rise sharply from the drought-damaged crop in 2018 but a heatwave in recent weeks means crop forecasts have
...More info on site
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Australia: Barley exports down 2% in May
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Australia exported 302,334 tonnes of barley in May, down 2 per cent from 309,408 tonnes in April, with bulk shipments to Japan, Kuwait and Thailand bolstering demand in the face of reduced buying from China, according to the latest export data from the Australian Bureau of Statistics.
Australian barley exports for May came in at 390 thousand tonnes, which is marginally higher than April figures.
“Our barley exports are winding down as procurement of volume in Western Australia and South Australia becomes harder and harder as stocks become tight in the back end of the season,” Market Check head of strategy Nick Crundall said.
“We also naturally see a diminishing export program as we progress through the season.”
Japan took the greatest tonnage of any barley export destination in May.
“This volume pales in comparison with China, as it is still four times bigger than the next destination.”
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