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Flash Summary
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E-Malt.com Flash 33b
August 15 - August 18, 2019
Quote of the Week
There is always time for a smile, a hug or a compliment. The direct or indirect impact can be enormous.
Rachel Flexman
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Currency Rates
Base Currency: Euro
on August 16, 2019 |
Base Currency: US Dollar
on August 16, 2019 |
| |
1 EUR = 1.1129 USD
1 EUR = 0.9205 GBP
1 EUR = 1.4817 CAD
1 EUR = 1.6424 AUD
1 EUR = 118.0200 JPY
1 EUR = 4.4820 BRL
1 EUR = 73.5087 RUB
1 EUR = 7.8254 CNY
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1 USD = 0.8984 EUR
1 USD = 0.8270 GBP
1 USD = 1.3313 CAD
1 USD = 1.4756 AUD
1 USD = 106.0400 JPY
1 USD = 4.0272 BRL
1 USD = 66.0503 RUB
1 USD = 7.0314 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| August 16, 2019 |
French Barley/Malt
Crop 2019
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
166.50-168.50 |  0.60% |
| 6RW Malting Barley (FOB Creil) |
159.00-161.00 |  |
| Feed Barley (FOB Creil) |
153.00-155.00 |  0.65% |
| 2RS Malt (FOB Antwerp) |
359.00-361.00 | 0.34% |
| 6RW Malt (FOB Antwerp) |
350.00-352.00 | |
German Malting Barley
Crop 2019
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
177.50-179.50 | 1.11% |
Danish Malting Barley
Crop 2019
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
nq | |
| Malting Barley (West) |
nq | |
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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.
China: China Resources Beer’s net profit up 20% in H1 2019
...Click here
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China: Tsingtao Brewery posts 25.2% growth in first-half net profit
...Click here
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China: China Resources Beer weighing possible acquisition of minority stake in AB InBev’s Asia Pacific unit
...Click here
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Malaysia: Carlsberg Brewery Malaysia’s Q2 net profit increases 2.1%
...Click here
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Spain: Spanish brewers fear huge impact from Brexit
...Click here
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Kenya: East African Breweries reaping rewards of investments in key assets
...Click here
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Ghana: Guinness Ghana launches new Guinness Smooth beer
...Click here
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Kenya: Heineken loses appeal against Sh1.7 billion payout
...Click here
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Nepal: Warsteiner ready for brewing competition in Nepali beer market
...Click here
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Graph of the week
Table of the week
Switzerland Beer Market Overview
Barley Prices
Theoretical Malt Prices
These Days in Business History
15 August
1769 - Napoleon Bonaparte was born, resident of Elba (emperor 1804-13, 1814-15)
1911 - Procter & Gamble unveils its Crisco shortening
1914 - Panama Canal opens (under cost)
16 August
1870 - Fred Goldsmith demonstrates curve ball isn't an optical illusion
1930 - The first color sound cartoon, called Fiddlesticks, is made by Ub Iwerks
1955 - Fiat Motors orders 1st private atomic reactor
1991 - Belgium census is 10,000,963 inhabitants
17 August
1802 - In one of history's greatest acts of inventive daring, Robert Fulton launches his new steamboat from the north shore of Manhattan
1998 - The Russian government devalues the ruble and declares a moratorium on paying its foreign debt, a de facto default that sends the global bond markets crashing, triggers the collapse of the giant U.S. hedge fund Long-Term Capital Management and sends shockwaves through the world's financial system
18 August
1868 - French astronomer Pierre Janssen discovers helium
1904 - Max Factor Jr was born, CEO (Max Factor Cosmetics)
1937 - 1st FM radio construction permit issued (W1X0J (WGTR) in Boston MA)
1952 - Patrick Swayze was born in Houston Texas, actor/dancer
1960 - 1st photograph bounced off a satellite, Cedar Rapids, Iowa
Agenda
August 2019:
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)
29 - 13 November: World Beer Cup 2020 (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)
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Brewery News
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World: Carlsberg’s half-year sales rise 6.5%
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Carlsberg reported a 6.5% rise in half-year sales on August 15, as the Danish brewer sold more expensive beer and its operating margins improved
...More info on site
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China: China Resources Beer’s net profit up 20% in H1 2019
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China Resources Beer's net profit rose 20% on year in the first half, boosted by increased sales volume and higher average sale prices.
The brewer
...More info on site
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China: Tsingtao Brewery posts 25.2% growth in first-half net profit
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Tsingtao Brewery Co., Ltd., China's second-biggest brewery and producer of Tsingtao Beer, posted a 25.2 percent year-on-year growth in net profit in the first
...More info on site
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China: China Resources Beer weighing possible acquisition of minority stake in AB InBev’s Asia Pacific unit
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China Resources Beer Holdings is weighing the possibility of acquiring a minority stake in the Asia-Pacific unit of the world's largest brewer Anheuser Busch
...More info on site
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Malaysia: Carlsberg Brewery Malaysia’s Q2 net profit increases 2.1%
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Carlsberg Brewery Malaysia Bhd's second quarter ended June 30, 2019 (2QFY19) net profit was 2.1% higher at RM65.26 million or 21.34 sen per share,
...More info on site
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Spain: Spanish brewers fear huge impact from Brexit
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The profile of Spanish beer is growing internationally but a new set of factors is threatening to undermine its success. Although beer consumption has bounced back last year after losing ground during the economic crisis – 20% between 2007 and 2012 – the economic slowdown coupled with external factors such as the possibility of a no-deal Brexit have started to ring alarm bells, El Pais reported on August 14.
“It’s a little early to say, but we have felt the effects of the economic slowdown and then there is concrete data, such as the drop in British tourism,” said Jacobo Olalla, managing director of Spain’s beer producer association Cerveceros de España, during the presentation of a report on Spanish vacation habits, produced by the association.
According to Olalla, Brexit is going to have a huge impact on the Spanish beer market, both in terms of tourism and exports. The United Kingdom is the third biggest export market for Spanish beer – 467,132 hectolitres in 2018 from a total of 2.97 million – and the main source of foreign tourists in Spain. “It’s a country with a big beer culture which doubles or triples our consumption and also helps us to export,” Olalla
...More info on site
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Kenya: East African Breweries reaping rewards of investments in key assets
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East African Breweries Limited (EABL) is reaping the rewards of its decision to invest in key assets, its managing director and CEO was quoted as saying by the African Business Magazine on August 15.
For almost 100 years, drinking a beer in the East African region has routinely meant picking up a cold Tusker lager – the flagship product of Nairobi-based East African Breweries Limited (EABL).
The beer was named in honour of George Hurst, the co-founder of EABL’s predecessor company, Kenya Breweries Ltd (KBL), who was killed by an elephant soon after the establishment of the firm in 1922.
In 1935, KBL acquired Tanganyika Breweries and the companies merged to become EABL the following year. At the turn of this century, Diageo, the world’s largest beverage company, acquired a majority stake in the firm.
Since then it has introduced a suite of local products to the market as well as leveraging UK-based Diageo’s global brands such as Johnnie Walker and Guinness.
As the second biggest company in the market after telecommunications firm Safaricom, EABL contributes approximately 1% of Kenya’s GDP and its products have retained a reputation as some of Kenya’s favourite brands.
Growth in key products such as Senator Keg, a lower end
...More info on site
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Ghana: Guinness Ghana launches new Guinness Smooth beer
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Guinness Ghana Breweries PLC (GGBPLC) has launched its latest stout - Guinness Smooth - made from 70 per cent natural ingredients from Ghana, allghananews.com reported on August 14.
Brewed with fruity, butterscotch flavour to provide a distinctive and perfect bittersweet taste of smoothness and refreshment, the latest addition was crafted with the Ghanaian consumer in mind, and is a new expression of Guinness, developed by the Guinness master brewers.
Speaking during an exclusive revel, Samuel Dery, Marketing Manager for Stouts, Adult Premium Non-Alcoholic Drinks (APNADs) and Ready-to-Drink (RTD), Guinness Ghana, noted that, the local brewing team in Ghana worked closely with the international brewers in Dublin, the home of Guinness, to deliver an exciting and stand out beer that has refreshment of a lager but bold character of Guinness for casual social occasions.
“This is an important addition to our beverage portfolio. At Guinness Ghana, innovation is critical to our business, we wanted to create a unique beer with Ghanaian consumers in mind. This demonstrates our Commitment to innovation and bring to the Ghanaian consumer a flavourful beer which they can always enjoy.”
“It has been a really exciting project and the team who have worked together on the product are so
...More info on site
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Kenya: Heineken loses appeal against Sh1.7 billion payout
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The High Court has declined to stop execution of a judgement requiring Heineken East Africa Company to pay Maxam Limited Sh1.7 billion in a distribution row, The Star reported on August 14.
Heineken had moved to court seeking stay of execution orders pending their appeal.
Lawyers representing Heineken on Tuesday argued the company has no assets.
"We have filed a notice of appeal and we shall be prosecuting it expeditiously. We ask the court to come at the earliest day to have the matter heard. During that period, we pray that a stay be granted and we are ready to provide security," they said.
However, lawyer Philip Nyachoti representing local distributor Maxam said Heineken has deliberately declined to obey the orders issued by Justice James Makau last month.
“This is impunity by the company. They deliberately decided not to obey the orders issued on July 29. Defendants should comply with the orders before the stay is issued,” Nyachoti argued.
Justice Wilfrida Okwani, however, declined to grant the beer makers any orders and directed that they serve their application to the respondents.
The matter will be heard on September 17.
Last month, Justice Makau awarded Maxam Sh1,799,978,868 as special damages for loss of business after its
...More info on site
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Nepal: Warsteiner ready for brewing competition in Nepali beer market
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In little as a year since production of Warsteiner — a premium German beer — started in Nepal, the brand has appeased the palate of local consumers. However, the brand officials are well aware of the brewing competition, as the beer culture grows in the country, the Himalayan Times reported on August 15.
“The beer market in Nepal is growing constantly, which will encourage a number of new brands to foray into Nepal,” said Thomas Nosner, technical director of Warsteiner International, who is currently visiting Nepal. “Hence, it is crucial that we make our product ready for the new market circumstances as the Nepali market is sure to face huge competition in the near future.”
Around a year ago, Raj Brewery, a subsidiary of Jawalakhel Group of Industries (JGI), started the production of Warsteiner in the country.
Warsteiner International is ‘satisfied with the progress’ of the German beer brand in the Nepali market.
“We have observed that the number of Warsteiner beer drinkers is continuously increasing in Nepal and we are satisfied with this steady growth of the brand in the country,” said Nosner.
Offering a completely different taste to Nepali consumers, Nosner opined that Warsteiner beer will continue to grow in the local market
...More info on site
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