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E-Malt.com Flash 38a September 16 - September 18, 2019
Quote of the Week
More business is lost every year through neglect than through any other cause.
Rose Kennedy
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Currency Rates
Base Currency: Euro on September 18, 2019 |
Base Currency: US Dollar on September 18, 2019 |
|
1 EUR = 1.1035 USD
1 EUR = 0.8864 GBP
1 EUR = 1.4623 CAD
1 EUR = 1.6110 AUD
1 EUR = 119.3500 JPY
1 EUR = 4.5055 BRL
1 EUR = 70.8131 RUB
1 EUR = 7.8221 CNY
|
|
1 USD = 0.9061 EUR
1 USD = 0.8032 GBP
1 USD = 1.3252 CAD
1 USD = 1.4598 AUD
1 USD = 108.1600 JPY
1 USD = 4.0830 BRL
1 USD = 64.1726 RUB
1 USD = 7.0886 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
September 18, 2019 |
French Barley/Malt Crop 2019 Bulk |
EUR/T |
% |
2RS Malting Barley (FOB Creil) |
158.50-160.50 | 0.62% |
6RW Malting Barley (FOB Creil) |
156.00-158.00 | 0.63% |
Feed Barley (FOB Creil) |
149.00-151.00 | 0.66% |
2RS Malt (FOB Antwerp) |
349.00-351.00 | 0.35% |
6RW Malt (FOB Antwerp) |
346.00-348.00 | 0.35% |
German Malting Barley Crop 2019 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) |
1,194.00-1,196.00 | 0.83% |
Malting Barley (West) |
1,194.00-1,196.00 | 0.83% |
No change;
Price increase;
Price decrease versus last publication.
|
Click here to see our Market Prices History.
Hong Kong: AB InBev set to raise $4.8 bln in Asian unit IPO
...Click here
|
USA: Number of US breweries forecast to reach 9,200 by 2021
...Click here
|
The Czech Republic: Good summer for Czech brewing industry
...Click here
|
Belgium: AB InBev among companies investigated by EU within Belgian tax probe
...Click here
|
Namibia: Namibia Breweries records 15.3% annual revenue growth in financial year to June 30
...Click here
|
India: Carlsberg's Indian subsidiary made secret cash payments to Indian government - report
...Click here
|
World: Malting barley supplies seen as more than sufficient to meet global demand
...Click here
|
World: Malting barley supplies seen as more than sufficient to meet global demand
...Click here
|
China: Barley production revised downwards by 2.3 mln tonnes this month
...Click here
|
India: New Delhi police probing case of alleged tax evasion involving AB InBev
...Click here
|
Spain & USA: Mahou San Miguel’s purchase of majority stake in Founders Brewing valued at $198.8 mln
...Click here
|
Cyprus: Beer deliveries increase 35% in January-August this year
...Click here
|
South Korea & Japan: South Korea reduces Japanese beer imports in August by 97%
...Click here
|
Kenya: Kensington Distillers & Vintners announces entry into Kenyan market
...Click here
|
Cameroon: SABC sources about 30% of raw ingredients for its brewing operations locally
...Click here
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Graph of the week
Table of the week
EU Barley Supply & Demand
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
16 September
1905 - Roald Amundsen discovers Magnetic South Pole
1906 - William Crapo Durant incorporates General Motors in Janesville Wisconsin
1908 - The General Motors Corporation is founded
17 September
2000 - The International Monetary Fund issues its World Economic Outlook report, forecasting that "growth is projected to increase in all major regions of the world, led by the continued strength of the U.S. economy, the robust upswing in Europe, the consolidation of the recovery in Asia and the rebound from last year's slowdown in emerging markets." Just weeks later, most regions of the world are tilting toward recession
18 September
1837 - Tiffany and Co. (first named Tiffany & Young) is founded by Charles Lewis Tiffany and Teddy Young in New York City
1842 - 1st edition of Pittsburgh Post-Gazette is published
1851 - The first edition of The New York Daily Times, which later became The New York Times,is published
1955 - The Ford Motor Company produced its 2,000,000th V-8 engine on this day, 23 years after the first Ford V-8 was manufactured
Agenda
September 2019:
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)
24 - 26: Warsaw Beer Festival 2019 (Warsaw, Poland)
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)
January 2020:
31 - 01 February: Braukunst Live! 2020 (Munich, Germany)
February 2020:
04 - 08: Great British Beer Festival Winter 2020 (Norwich, UK)
07 - 10: HoReCa 2020 (Athens, Greece)
07 - 09: Finest Spirits 2020 (Munich, Germany)
15 - 18: Beer Attraction 2020 (Rimini, Italy)
24 - 26: Beviale Moscow 2020 (Moscow, Russia)
March 2020:
09 - 11: 107th Brewing and Engineering Congress 2020 (Rust, Germany)
11 - 12: BeerX 2020 (Liverpool, UK)
April 2020:
19 - 22: Craft Brewers Conference & BrewExpo America 2020 (San Antonio, Texas, USA)
25 - 26: Zythos Beer Festival 2020 (Leuven, Belgium)
May 2020:
05 - 07: International Beer Strategies Conference 2020 (Munich, Germany)
13 - 15: Craft Beer China 2020 (Shanghai, China)
19 - 21: Beer 2020 (Sochi, Russia)
21 - 24: Mondial de la Biere 2020 (Montreal, Canada)
June 2020:
03 - 04: The Brewers of Europe Forum 2020 (Antwerp, Belgium)
August 2020:
07 - 08: Beervana 2020 (Wellington, New Zealand)
Brewery News
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Hong Kong: AB InBev set to raise $4.8 bln in Asian unit IPO
|
Anheuser-Busch InBev NV is set to raise as much as $4.8 billion, roughly half of an earlier target, with the revived initial public offering
...More info on site
|
USA: Number of US breweries forecast to reach 9,200 by 2021
|
The number of U.S. breweries is forecast to swell to 9,200 in the next two years, according to a Brewers Association (BA) report. There are currently more than 7,600 breweries in the U.S.
Using the BA’s brewery database and TTB permit data, BA chief economist Bart Watson predicts nearly 2,000 breweries will open by this time in 2021. He writes that “our two methods of analysis suggest somewhere between 1,900-2,400 openings in the next two years.” But, he adds, “[a]ny forecasting analysis is going to rely on current trend data, and trends can shift pretty quickly.”
In other words, the rate at which breweries are closing and opening may change, but the data shows that many Americans still see opening a brewery as a viable option.
Nine thousand breweries is an alarmingly high number — how can the population possibly consume all that beer? — but it could be good for the beer industry overall. The fastest-growing breweries aren’t the ones casting a wide distribution net, they’re the “mom and pop” operations keeping their beer close to home.
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The Czech Republic: Good summer for Czech brewing industry
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Czech breweries seem to have had a good summer. July sales were up 2% compared to last year’s record, with over 33,000 more hectolitres
...More info on site
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Belgium: AB InBev among companies investigated by EU within Belgian tax probe
|
Anheuser-Busch InBev NV is among 39 firms targeted by fresh European Union investigations into Belgian tax deals after an earlier order to recoup about
...More info on site
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Namibia: Namibia Breweries records 15.3% annual revenue growth in financial year to June 30
|
Namibia Breweries Limited recorded a profit after tax of N$931 million as a result of an increase in beer export volumes to South Africa,
...More info on site
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India: Carlsberg's Indian subsidiary made secret cash payments to Indian government - report
|
Danish brewery Carlsberg's Indian subsidiary made secret cash payments to Indian government officials over a period of 18 months, according to a report. The
...More info on site
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India: New Delhi police probing case of alleged tax evasion involving AB InBev
|
Police in India’s capital New Delhi are probing a case of alleged tax evasion involving Anheuser-Busch InBev, according to a police officer and a document seen by Reuters, a setback for the brewer already battling a three-year city ban.
Local authorities barred AB InBev, the world’s largest brewer, in July from selling its beer in the high profile New Delhi market for evading taxes. The company has denied the allegations and appealed the order.
The Delhi ban followed an investigation by city authorities which found that beer maker SABMiller - acquired by AB InBev in 2016 for around $100 billion - used duplicate barcodes on its beer bottles supplied to city retailers that year, allowing it to pay lower taxes.
The Delhi government’s ban order had also called for further action against the company and a local bar outlet for alleged violation of criminal law provisions such as conspiracy, cheating and forgery.
A senior Delhi police official, Anant Kumar Gunjan, told Reuters that officers have launched an investigation into the case after receiving a request from the city government, a move that could potentially lead to criminal charges.
“We are investigating this, it is under inquiry,” said Gunjan, adding that police would conduct its own
...More info on site
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Spain & USA: Mahou San Miguel’s purchase of majority stake in Founders Brewing valued at $198.8 mln
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Documents filed with the Michigan Liquor Control Commission show Spanish brewing conglomerate Mahou San Miguel’s deal to purchase a majority stake in Founders Brewing Co. is valued at $198.8 million, MLive.com reported on September 13.
That figure was listed as the price Mahou would pay for a 59 percent stake in Founders, according to a purchase agreement and other documents obtained by MLive/The Grand Rapids Press through the Freedom of Information Act.
The deal, announced last month, will boost Mahou’s ownership stake in Founders from about 30 percent to 90 percent.
Mahou purchased a roughly 30 percent stake in Founders in 2014. Liquor control commission records show that transaction was valued at $96.3 million.
In a statement, Founders said the purchase price referenced in the liquor control commission records represents an “inaccurate assumptions as to value.” The company declined to elaborate.
Pending state and federal approvals, the deal is expected to close next year. Founders co-founders Mike Stevens and Dave Engbers will each retain a 5 percent stake in the company.
Mahou’s move to purchase Founders, the largest brewery in the state, made waves in Michigan’s craft beer community. After the deal was announced, Stevens told MLive that the change will help Founders break into new
...More info on site
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Cyprus: Beer deliveries increase 35% in January-August this year
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Total beer deliveries in Cyprus went down by 507,890 litres in August 2019 compared with the same month a year ago, according to figures released by the statistical service, the Cyprus Mail reported on September 13.
At the same time, a significant increase of 35 per cent was recorded in the period between January and August 2019, compared with the same period last year.
Total beer deliveries from factories amounted to 4,725,425 litres in August compared with 5,233,315 in August 2018, down by 9.7 per cent or 507,890 litres.
Deliveries for local consumption fell to 4,610,152 litres compared with 5,060,587 litres last year in August, down by 8.9 per cent.
On the other hand, beer exports dropped to 115,273 litres in August this year, compared with 172,728 litres in August 2018, a sharp decline of 33.2 per cent.
However, exports in the first seven months of 2019 increased significantly by 35 per cent to 1,169,859 litres, an improvement compared with the 863,697 litres exported from January to July 2018.
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South Korea & Japan: South Korea reduces Japanese beer imports in August by 97%
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South Korean imports of Japanese beer fell 97 percent in August from a year earlier due to a boycott of Japanese products amid a bilateral trade spat, the Yonhap News reported on September 16.
The value of imports of Japanese beer came to US$223,000 in August, compared with $7.56 million in the same period of last year, according to the data from the Korea Customs Service (KCS).
The sharp decline came as many South Korean consumers joined a boycott of Japanese goods in anger at Tokyo's trade curbs against Seoul.
In July, Tokyo imposed tighter regulations on exports to Seoul of three materials -- resist, etching gas and fluorinated polyimide -- that are critical for the production of semiconductors and flexible displays.
Japan later removed South Korea from its "whitelist" of trusted trading partners in retaliation against last year's South Korean Supreme Court rulings ordering Japanese firms to compensate South Korean victims of forced labor during Japan's 1910-45 colonial rule of the Korean Peninsula.
Japan claims that all compensation was settled when the two countries normalized their diplomatic ties in 1965.
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Cameroon: SABC sources about 30% of raw ingredients for its brewing operations locally
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From January to August 2019, Cameroonian brewer SABC spent more than XAF21 billion to purchase local agricultural raw materials and inputs used in beer production, Business in Cameroon reported on September 16.
According to the company, this is about 29.6% of the XAF71 billion it used to purchase all of the products needed during the period under review.
Overall, it purchased about XAF9.5 billion of sugar and corn grits from local producers. Officially, this represents 29% of the XAF32.5 billion spent on agricultural raw materials. In 2018, the purchase of agricultural raw materials from local producers made up 44% (XAF16.5 billion) of funds used in that segment.
For locally purchased inputs, the company estimates it to be XAF11.6 billion or 30% of its overall purchase in January-August 2019.
With these purchases, SABC had a strong impact on the sales of some local companies. An example is the case of Maïserie du Cameroun (Maiscam), an agribusiness company located in the northern region that supplies 100% of its corn grits (10,000 tons) to SABC, leader of the Cameroonian brewery sector. Same is the case for Société sucrière du Cameroun (Sosucam). Indeed, in a publication made to celebrate the 70th anniversary of SABC, former CEO of Sosucam
...More info on site
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Barley News
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World: Malting barley supplies seen as more than sufficient to meet global demand
|
Canadian malting barley growers may be dealing with adverse harvest conditions that could lead to quality downgrades in some areas — while world supplies
...More info on site
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World: Malting barley supplies seen as more than sufficient to meet global demand
|
Canadian malting barley growers may be dealing with adverse harvest conditions that could lead to quality downgrades in some areas — while world supplies
...More info on site
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Canada: Barley production up 19.2% this year
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Oat production in Canada grew by 16.9 percent in 2019 compared to 2018, and barley production was up by 19.2 percent, according to a recent Statistics Canada survey, based in part on satellite and agroclimatic data.
The survey also said that all-wheat production increased by 0.9 percent, while canola production was expected to decline by 4.8 percent. Durum output, the wheat used to make pasta, was pegged at 5.0 million tonnes.
Statscan said that dry conditions since the beginning of the growing season persisted in most of Manitoba and southern Alberta, while moisture conditions were better in other parts of the Prairies, helping to improve crop yields and production estimates.
Production estimates for Quebec, Ontario, Manitoba, Saskatchewan, and Alberta are calculated using model-based yields. Estimates for Prince Edward Island, Nova Scotia, New Brunswick, and British Columbia are all carried forward from the July estimates of principal field crop production.
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China: Barley production revised downwards by 2.3 mln tonnes this month
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This month, China’s Supply and Demand balance sheets for sorghum and barley are revised to incorporate the revisions by China’s National Bureau of Statistics
...More info on site
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Whisky News
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Kenya: Kensington Distillers & Vintners announces entry into Kenyan market
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Kensington Distillers & Vintners (KDV) London, a premium drinks business with a growing foot-print in Africa has announced its entry into the Kenyan market, The Star reported on September 14.
The firm which East Africa Breweries Limited (EABL) lost Popov Vodka distribution rights to, is coming in as 'Monument Distillers Kenya' , adding pressure on current market players in the lucrative alcoholic beverage sector.
Sazerac, leading US spirits company, has granted Monument Distillers the distribution rights for its portfolio in Kenya with the most prominent brands being Popov Vodka, Southern Comfort, Myers Rum, Paddy’s Irish Whisky, Firewater, and Buffalo Trace Bourbon.
As part of this transition, Monument will be distributing these products through their distribution partner Maxam Limited, a local liquor distributor in Kenya and East Africa.
The entry of Kensington Distillers into the Kenyan market follows the successful launch of Monument Distillers Nigeria last year.
Monument Distillers Kenya managing director Ellis Muhimbise said: “It’s a great time for us to take on this heritage brand, Popov Vodka. The vodka category is showing favourable growth as Kenya’s strong economic climate continues.”
According to the 2019 International Wine and Spirits Report, the vodka category in Kenya grew 22 per cent annually from 2013 to 2018.
“Our consumers and
...More info on site
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