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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 Business history
RombBullet Agenda
RombBullet News articles

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E-Malt.com Flash 31b
August 01 - August 04, 2019

Quote of the Week

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German proverb

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Currency Rates

Base Currency: Euro
on August 02, 2019
Base Currency: US Dollar
on August 02, 2019
      1 EUR = 1.1056 USD
1 EUR = 0.9118 GBP
1 EUR = 1.4610 CAD
1 EUR = 1.6173 AUD
1 EUR = 119.9500 JPY
1 EUR = 4.2263 BRL
1 EUR = 70.6203 RUB
1 EUR = 7.6239 CNY
      1 USD = 0.9044 EUR
1 USD = 0.8247 GBP
1 USD = 1.3214 CAD
1 USD = 1.4626 AUD
1 USD = 108.4900 JPY
1 USD = 3.8226 BRL
1 USD = 63.8740 RUB
1 USD = 6.8956 CNY

Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend

August 02, 2019
French Barley/Malt
Crop 2019
2RS Malting Barley (FOB Creil) 166.50-168.50 -
6RW Malting Barley (FOB Creil) 159.00-161.00 down0.62%
Feed Barley (FOB Creil) 158.00-160.00down0.63%
2RS Malt (FOB Antwerp) 359.00-361.00 -
6RW Malt (FOB Antwerp) 350.00-352.00 down0.35%
German Malting Barley
Crop 2018
Ex Farm
Average Malting Barley Price nq  
Danish Malting Barley
Crop 2019
Free on truck
Ex Farm
Malting Barley (East) 1,214.00-1,216.00 up0.83%
Malting Barley (West) 1,214.00-1,216.00 up0.83%
-No change; upPrice increase; downPrice decrease versus last publication.

Click here to see our Market Prices History.

Top Industry News

Brewery news Vietnam: Sabeco reports highest Q2 post-tax profit in three years ...Click here
Brewery news Germany: First-half beer sales decline by about 2.7% ...Click here
Brewery news Africa: East African Breweries records 57% growth in net earnings for financial year to June 30 ...Click here
Brewery news Ireland: Beer production up 3.8% last year ...Click here
Brewery news South Africa: Heineken increasing capacity of its Sedibeng brewery ...Click here
Brewery news Hungary: Beer consumption down 2.4% in H1 2019 ...Click here

Barley news China & Russia: China approves barley imports from Russia ...Click here

More Industry News

Brewery news Japan & South Korea: Asahi admits South Korea’s boycott of Japanese goods affecting its beer sales ...Click here
Brewery news World: Diageo launches share buyback programme with £1.25 bln first phase ...Click here
Brewery news India: AB InBev launches Budweiser 0.0 in India ...Click here
Brewery news Kenya: Keroche Breweries launches new KB Lager in Kenya ...Click here
Brewery news Belgium: New generation of Belgians taking on lambic brewing tradition ...Click here
Brewery news Kenya: Heineken to pay Kenya distributor over Ksh.1.7 bln in distribution row ...Click here
Brewery news South Africa: South African Breweries well on its way to sourcing 100% of all raw materials locally ...Click here

Graph of the week

Table of the week

World Hops Area and Production 2016 - 2018

Table of the week.
Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

These Days in Business History

01 August
1930 - Clarence Birdseye is awarded a U.S. patent for the invention of packaged frozen food
1950 - Steve Wozniak, future co-inventor of the Apple computer, is born
1981 - Pres. Ronald Reagan signs into law the Economic Recovery Tax Act of 1981, the biggest tax cut in American history, which streamlines the Federal income tax brackets, lowers the top rate to 36%, and creates the universally-deductible Individual Retirement Account

02 August
1858 - 1st street mailboxes-Boston, Mass
1890 - The BOVESPA (Bolsa de Valores de Sao Paulo, or Sao Paulo Stock Exchange), Brazil's central securities market, is founded
1984 - Euro Court condemns phone-tapping
2000 - The New York Stock Exchange begins trading in decimals, ending the two-century-old practice of pricing stocks in increments of 1/8th of a dollar

03 August
1887 - Thomas Alva Edison receives a U.S. Patent for his new kinetoscope, the predecessor to the motion-picture camera
1977 - Tandy Corp. introduces one of the earliest affordable personal computers, the TRS-80 (soon to be affectionately nicknamed the "Trash 80"). It has 4 (yes, four) kilobytes of memory, a black-and-white monitor, and uses floppy disks that truly flop when you shake them. It retails for just $599
1984 - Total trading volume on the New York Stock Exchange exceeds 200 million for the first time, as 236,565,110 shares change hands

04 August
1693 - Dom Perignon invents champagne
1790 - Congress enacts Alexander Hamilton's plan to fund the public debt and giving birth to the American securities markets
1930 - Michael J. Cullen opens his first King Kullen store. He calls it a "supermarket," one of the nation's first - and it is a smash hit, as people drive from miles around for the new shopping experience
2007 - NASA's Phoenix spaceship is launched


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

BreweryBrewery News Brewery

Brewery newsVietnam: Sabeco reports highest Q2 post-tax profit in three years
Vietnam’s leading brewer Sabeco reported second quarter post-tax profit of VND1.53 trillion ($66.03 million), the highest quarterly profit in three years, the VnExpress International ...More info on site

Brewery newsAfrica: East African Breweries records 57% growth in net earnings for financial year to June 30
Regional beer maker East African Breweries Ltd (EABL) recorded 57 per cent growth in net earnings for the 12 months’ period to June 30 ...More info on site

Brewery newsGermany: First-half beer sales decline by about 2.7%
German breweries and beer warehouses recorded a decline in beer sales by 2.7 percent to about 4.6 billion litres in the first half of ...More info on site

Brewery newsIreland: Beer production up 3.8% last year
Despite an overall fall in consumption of alcohol in recent years beer sales are on the rise, a new report shows.

The Irish Brewers Association ...More info on site

Brewery newsHungary: Beer consumption down 2.4% in H1 2019
Beer consumption in Hungary was down 2.4% at 3.05 million hl in the first half of 2019, taking into account domestic sales of the ...More info on site

Brewery news South Africa: Heineken increasing capacity of its Sedibeng brewery
Despite an economic downturn, international beer brewer Heineken South Africa will be expanding its Sedibeng brewery's production from 5.3-million hectolitres to 7.5-million hectolitres a year by 2020, ETRetail.com reported on July 29.

By 2022, production will have increased to eight-million hectolitres a year.

The total investment value of the expansion is estimated at €65-million.

While hosting media for a tour of the Sedibeng facility ahead of International Beer Day, on August 2, Heineken South Africa MD Gerrit van Loo told Engineering News Online that the facility currently produces 1.8-billion bottles and cans of its brands a year.

Electricity supply constraints have become a problem of late, with Heineken having had to buy diesel generators to keep the Sedibeng facility operational during periods of load-shedding.

Considering that this alternative is costlier than the electricity supplied by State-owned Eskom, Van Loo told Engineering News Online that Heineken is considering investing in a solar energy alternative.

Further, as part of the brand's "Brewing A Better World" global sustainability strategy, Heineken is aiming to increase its local sourcing of raw materials to 23% by 2020.

Heineken is in the process of sourcing apple juice, to use in its cider, locally, while also looking at options to grow more barley in South ...More info on site

Brewery news Japan & South Korea: Asahi admits South Korea’s boycott of Japanese goods affecting its beer sales
Asahi Group Holdings said on August 1 the spread of the South Korean consumer boycott of Japanese goods was affecting its beer sales as it lowered its profit guidance slightly, while also citing the yen’s rise against the euro and Aussie dollar, Reuters reported on August 1.

“We cannot deny there’s been a slight impact,” Chief Financial Officer Atsushi Katsuki told reporters. “That has been included somewhat in the outlook.”

Asahi lowered the forecast for its full-year operating profit to 215.5 billion yen ($1.97 billion) from a previous guidance of 217 billion yen, mainly due to currency moves.

Tensions between Japan and South Korea have intensified since a South Korean court last year ordered Japanese companies to compensate Koreans who were forced to work for Japanese occupiers during World War Two. In July, Japan restricted exports of high-tech materials to South Korea.

South Korea buys 61% of Japan’s beer exports, spending 7.9 billion yen ($73 million) in 2018 for the shipments. Asahi Super Dry is the most popular import brand in South Korea, with sales tripling in the past five years, according to Euromonitor.

Asahi is looking overseas for growth amid a shrinking domestic population. Last month it announced that it was buying Anheuser-Busch InBev’s ...More info on site

Brewery news India: AB InBev launches Budweiser 0.0 in India
World’s leading brewer, Anheuser-Busch InBev (AB InBev) announced its foray in the non-alcohol beer segment in India with the launch of its first non-alcohol beer, Budweiser 0.0, the company said in a statement.

This introduction is in line with AB InBev’s Global Smart Drinking Goals to ensure that low and no-alcohol beer make up at least 20% of company's global beer volume by 2025 and empower consumers through the choice to enjoy beer freely and responsibly.

The new variant is brewed using the iconic Budweiser recipe, with barley malt, choice hops, yeast, pure filtered water, and the distinctive beechwood aging process; during the final stage of which the alcohol is removed through a special process to retain the taste that’s true to the standards of Budweiser, the company said.

“Budweiser is one of the fastest-growing brands in the country and we are thrilled to add Budweiser 0.0 to our existing portfolio of brands here in India. While the market for non-alcohol beers is still nascent in India, as a leading brewer we see a great opportunity to grow this segment. The launch is in line with our Global Smart Drinking Goals to ensure that low and no alcohol beer make up at ...More info on site

Brewery news World: Diageo launches share buyback programme with £1.25 bln first phase
Diageo has entered into a non-discretionary agreement with UBS to execute the first phase of its return of capital programme to enable it to buy back shares, it announced on August 1.

The FTSE 100 brewing and distilling giant said the agreement was starting on August 1, and was expected to end no later than 31 January, for a value of up to £1.25 bln.

It comes after Diageo’s board approved a return of capital programme to return up to £4.5 bln to shareholders over the next three years on 25 July.

“The purpose of the buybacks is to reduce the share capital of Diageo,” the board said in its statement.

“All shares repurchased will be cancelled.”

It said the £1.25 bln share buyback programme would fall within the maximum number of shares that could be repurchased under its existing general authority from shareholders to repurchase 246,118,306 shares, granted at the 2018 annual general meeting.

A renewed general authority to repurchase shares up to a maximum of 237,177,623 shares was being sought at Diageo's upcoming 2019 annual general meeting.

“Further execution phases of the return of capital programme will be announced in due course,” the Diageo board added.

Brewery news Kenya: Keroche Breweries launches new KB Lager in Kenya
Keroche Breweries has cranked up competition in Kenya’s alcoholic drinks market with the launch of a new beer, The Standard reported on July 29.

The KB Lager is the third beer brand for the company that also produces Summit Lager and Summit Malt.

Chief Executive Tabitha Karanja said during its launch in Naivasha at the weekend that the new beer is sugar-free, and is produced from locally sourced sorghum and barley.

“We promised to launch more products and finally we have come up with a unique beet that is using 70 per cent locally grown cereal and 30 per cent malted barley,” she said.

The firm also produces an array of spirits.

According to the Chief Officer, the move to use the local products would be a big boast to farmers adding that they would support the farmers in their production.

“We will support all Kenyans cereal farmers to continue growing cereals that meet international standards and suitable for beer brewing,” she said.

Karanja termed KB lager as specially crafted using the State of art technology and traditional process that guarantees customers full satisfaction.

She added that the introduction of the beer would see 400 jobs directly created and thousands of others indirectly through distribution network.

“Our introductory prices ...More info on site

Brewery news Belgium: New generation of Belgians taking on lambic brewing tradition
Real lambic takes time. It laughs at hasty plans. Until recently there were only eight lambic brewers in the Senne Valley. Discover the two newest brewers taking on a very old tradition, the Craft Beer & Brewing reported on July 31.

It’s easy for Jo Panneels to remember the day Lambiek Fabriek brewed its first batch of lambic. That was March 22, 2016—the same day as the worst terrorist attack in Belgian history.

Belgium excels at the surreal; just think of René Magritte and the pipe that is not a pipe. But it’s hard to imagine anything more surreal than filling a homemade coolship full of wort for the first time—nervously embarking on a risky venture to become traditional lambic brewers—while absorbing news about suicide bombs that killed thirty-five people on the other side of Brussels.

“It’s like when people say, ‘You remember where you were on 9 / 11,’” says Jo Panneels of Lambiek Fabriek. “Well, we remember.”

The news was deeply disturbing for the young brewers, of course, but they had other things on their minds—namely, their livelihoods. They were staking much of their own money and time on a great leap of faith. It would be many months before they could ...More info on site

Brewery news Kenya: Heineken to pay Kenya distributor over Ksh.1.7 bln in distribution row
Heineken East Africa Import Company Limited has suffered a blow after the High Court in Nairobi on July 30 directed the brewer to pay Maxam Limited over Ksh.1.7 billion in a distribution row, the Citizen TV reported.

In the ruling, the court noted that Heineken is liable to compensate the plaintiff for its breach of the clause No. 26 of their agreement.

Justice James Makau directed the Dutch brewer to pay Ksh.1,799,978,868 as special damages for loss of business after Heineken terminated Maxam’s distribution agreement.

“I find the plaintiff has demonstrated that the defendants acted in breach of the contract,” ruled the court.

The court further declared that Heineken’s conduct of offering lower market prices to other distributors and approving higher prices to Maxam on the same products thereby arbitrarily reducing their approved margins is discriminatory.

“A declaration be and is hereby issued that the Kenyan Distributors Agreement dated May 21, 2013 between the plaintiff and the first defendant is in full force and effect as per the terms and conditions set out therein,” read the ruling.

The judge noted that there was no basis at all to appoint additional distributors and deprive Maxam supplies of Heineken beer products.

“The agreement has always been renewed and the ...More info on site

Brewery news South Africa: South African Breweries well on its way to sourcing 100% of all raw materials locally
The South African Breweries (SAB) is well on its way to sourcing 100% of all of its raw materials used in the brewing process from local South African suppliers. This has been instrumental in the business’ achievement of a Level 3 B-BBEE status, up from Level 4 which it hovered at for a number of years, the Creamer Media’s Engineering News reported on July 31.

“We are proud to source just over 97% of all of our raw materials, including barley, hops and maize from local suppliers, many of which are emerging black farmers and other SMME businesses who we support and help develop through our intensive entrepreneurship and agricultural programmes,” says Zoleka Lisa, VP Corporate Affairs, SAB and AB InBev Africa.

A critical focus of SAB since the business combination between SABMiller and AB InBev at the end of 2016 is the radical transformation of its supply chain bringing the producer and consumer closer together and in turn helping to strengthen the local economy.

While SAB has been a forerunner for many decades in bringing local black suppliers on board, giving them access to market and empowering them through business support and development programmes, a more robust approach has ...More info on site

BarleyBarley News Barley

Barley newsChina & Russia: China approves barley imports from Russia
China has approved barley imports from Russia, the General Administration of Customs said in a statement on its website on August 1.

Barley exported to ...More info on site

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