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E-Malt.com Flash 41a
October 07 - October 09, 2019
Quote of the Week
Success seems to be largely a matter of hanging on after others have let go.
William Feather
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Currency Rates
Base Currency: Euro
on October 09, 2019 |
Base Currency: US Dollar
on October 09, 2019 |
| |
1 EUR = 1.0969 USD
1 EUR = 0.8958 GBP
1 EUR = 1.4601 CAD
1 EUR = 1.6278 AUD
1 EUR = 117.5400 JPY
1 EUR = 4.4934 BRL
1 EUR = 71.3675 RUB
1 EUR = 7.8366 CNY
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1 USD = 0.9115 EUR
1 USD = 0.8166 GBP
1 USD = 1.3311 CAD
1 USD = 1.4838 AUD
1 USD = 107.1500 JPY
1 USD = 4.0964 BRL
1 USD = 65.0619 RUB
1 USD = 7.1442 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| October 09, 2019 |
French Barley/Malt
Crop 2019
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
156.50-158.50 |  0.64% |
| 6RW Malting Barley (FOB Creil) |
156.00-158.00 | 1.29% |
| Feed Barley (FOB Creil) |
154.00-156.00 | 0.65% |
| 2RS Malt (FOB Antwerp) |
346.50-348.50 | 0.36% |
| 6RW Malt (FOB Antwerp) |
346.00-348.00 | 0.71% |
French Barley/Malt
Crop 2020
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
173.50-175.50 | 0.58% |
| 6RW Malting Barley (FOB Creil) |
166.00-168.00 | 0.60% |
| 2RS Malt (FOB Antwerp) |
367.50-369.50 | 0.34% |
| 6RW Malt (FOB Antwerp) |
358.50-360.50 | 0.34% |
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) |
1,174.00-1,176.00 |  |
| Malting Barley (West) |
1,174.00-1,176.00 | |
No change;
Price increase;
 Price decrease versus last publication.
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Click here to see our Market Prices History.
China: AB InBev may find it challenging to topple local beers in China and Asia
...Click here
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South Korea: Hite Jinro expecting sales momentum in H2 after record-breaking sales success this summer
...Click here
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Canada: Harvest continues to face extraordinarily challenging conditions
...Click here
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Japan: Northeastern prefecture of Iwate trying to revive local hop-growing industry
...Click here
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Vietnam: Trade ministry confirms no Sabeco shares sold to Chinese investors
...Click here
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The Philippines: San Miguel Corporation lists P10 bln fresh bonds
...Click here
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Malaysia: Beer styles selection still limited in Malaysia
...Click here
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Japan: Asahi’s Nikka Whisky rushing to meet growing demand
...Click here
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World: Beam Suntory releases US-Japan whiskey Legent
...Click here
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Graph of the week
Table of the week
Beer Industry in the Netherlands 2016-2018
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
07 October
1806 - Carbon paper patented in London by inventor Ralph Wedgewood
1910 - Henry Ford institutes moving assembly line
1930 - 1st infra-red photograph, Rochester, NY
1996 - The Fox News Channel begins broadcasting
08 October
1846 - George Westinghouse, Jr., is born in Central Bridge, N.Y. He later invents the Westinghouse air brake, making train travel
1869 - J Frank Duryea was born, inventor of 1st auto built & operated in USA
2003 - Arnold Schwarzenegger is elected the governor of California
09 October
1930 - 1st synthetic detergent, "Dreft" by Procter & Gamble, goes on sale
1946 - 1st electric blanket manufactured; sold for $39.50
1979 - 1st consumer use of home banking by computer (Knoxville Tn)
Agenda
October 2019:
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)
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Brewery News
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China: AB InBev may find it challenging to topple local beers in China and Asia
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The world’s largest brewer is making a big push for China and other parts of Asia — but it could prove challenging for Anheuser-Busch
...More info on site
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South Korea: Hite Jinro expecting sales momentum in H2 after record-breaking sales success this summer
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Hite Jinro is expecting a sales momentum in the second half as its new lager Terra continues to fly off the shelves after posting
...More info on site
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Vietnam: Trade ministry confirms no Sabeco shares sold to Chinese investors
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Vietnam’s trade ministry, which can veto share sales by Sabeco, has confirmed that Chinese investors have not acquired shares in the nation’s largest brewery, the VnExpress International reported on October 3.
Responding to a question at a press conference on October 2, Deputy Minister of Industry and Trade Do Thang Hai said that rumours about Chinese investors buying shares in Sabeco after Thai owners took a controlling stake in the company in 2017 are "completely untrue."
Sabeco has two major shareholders now. Thai beverage giant ThaiBev holds a 53.59 percent stake through a local subsidiary, and the Ministry of Industry and Trade (MoIT) holds 36 percent, while other shareholders hold the remaining 10.41 percent, Hai said.
With its stake in Sabeco, MoIT retains a veto right on any move the brewer makes that it deems unsuitable, he added.
Hai noted that although the government welcomes and supports all foreign investors expanding their business operations in Vietnam, dissemination of false information may affect the reputation and interests of shareholders.
He added that Sabeco and other businesses should gather evidence and report to authorities, including the police, upon hearing of false rumours.
Sabeco is a public company listed on the Ho Chi Minh Stock Exchange (HoSE). In December
...More info on site
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The Philippines: San Miguel Corporation lists P10 bln fresh bonds
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Diversified congolomerate San Miguel Corporation issued fresh bonds worth ₱10 billion, it announced on October 4.
This is a part of its ₱60-billion borrowing program previously approved by the Securities and Exchange Commission
The notes will have a five year maturity.
SMC has several large subsidiaries, including the San Miguel Brewery, San Miguel Food and Beverage, Inc., SMC Global Power and San Miguel Holdings Corp.
It has recently been awarded the ₱734-billion project to construct the New Manila International Airport in Bulacan.
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Malaysia: Beer styles selection still limited in Malaysia
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As the craft beer scene blossoms in Southeast Asia, one holdfast nation continues to lag behind its neighbours, BeverageDaily.com reported on October 2.
For many beer lovers, Malaysia is almost entirely a wasteland, with the same standard taps on display at just about every bar in the country, and next to nothing that is outside the mainstream.
Only three companies have licences to brew beer in Malaysia and two of these are active: Heineken and Carlsberg. According to the Confederation of Malaysian Brewers, the two majors account for 95% of the beer and stout total volume in the market.
If you see a selection of Heineken, Tiger and Guinness, the venue you are in is aligned to Heineken Malaysia. Bars serving Carlsberg, Kronenbourg and Connors Stout are supplied by Carlsberg Malaysia. You will on occasion see other names, such as Strongbow, Kilkenny or Asahi, but these brands are all part of the big two breweries.
Being an effective duopoly, the global brand owners are extremely tight in allowing anything outside their portfolios to be promoted, especially when it is on tap. The contracts their bar customers sign are very clear about what can be done with third-party brands. As a result, Malaysia is a
...More info on site
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Barley News
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Canada: Harvest continues to face extraordinarily challenging conditions
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The harvest in Western Canada continues to face extraordinarily challenging conditions as record breaking snow storms covered southern Alberta and parts of Saskatchewan earlier this week. The enormity of the storm and the accumulation of rain/snow across the prairies brought everything to a standstill, prolonging an already delayed harvest. Temperatures last week were in the single digits, well below seasonal averages, although they are forecast to return closer to seasonal levels later this week before dipping again next week, CMBTC reported on October 3.
The problem now is that many fields are so wet they cannot sustain the weight of the combines. This is different from summer rains when the ground dries out after a few days. Many fields are saturated and this is resulting in further degradation of crops. What remains in the fields will mostly be of feed quality, limiting the supply of malting barley this year.
The story of this year’s harvest is that while quality has been severely compromised by wide spread rains and cool temperatures across the prairies, there are pockets of good quality malting barley where farmers were able to get the crop off in good condition. Early quality indications are mixed with
...More info on site
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UK: Farmers racing to ship harvest by Brexit
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British farmers are racing to ship this year’s abundant harvest out of the U.K. by Halloween, when Brexit could pull the country out of
...More info on site
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UK: Barley production up 25.6% this year
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The 2019 wheat crop is up 20.1% on last year and barley production increased by 25.6%, according to provisional Defra figures, FarmersWeekly reported on
...More info on site
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Hops News
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Japan: Northeastern prefecture of Iwate trying to revive local hop-growing industry
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Encouraged by a recent craft beer boom, the city of Tono in the northeastern Japan prefecture of Iwate has been welcoming outsiders wanting to try new ways to revive the local hop-growing industry and transform the community into a "beer town", the Kyodo News Plus reported on October 8.
Japan imports about 95 percent of hops for domestic beer production from such countries as Germany. For the remaining 5 percent, Tono plays a key role as it accounts for about 20 percent of the country's total output.
But the hop-farming industry in the city with a population of about 27,000, which was largely unscathed by the 2011 earthquake and tsunami, has been hit by a decreasing number of farmers due to aging, lack of successors and an influx of cheap imports.
Its hop output has plunged about 80 percent over the past 30 years along with declines in the country's whole production.
One of those outsiders tackling the issue is Atsushi Yoshida, 46, hailing from Yokohama, who established Beer Experience Co. in February 2018.
"By putting efforts into hop production and other activities, I want to realize a situation in which everyone from all over Japan and the world will associate beer with Tono," said
...More info on site
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Whisky News
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Japan: Asahi’s Nikka Whisky rushing to meet growing demand
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For the first time in two decades, employees at Japanese distiller Nikka Whisky will be working day and night shifts to meet global demand for made-in-Japan whisky, Bloomberg reported on October 8.
Even so, the best fruits of their labor probably won’t be on the market for at least another decade, given the time it takes to age the finest vintages.
Japanese distillers have been both a beneficiary and victim of the world-wide thirst for whisky, with the market projected to grow 19% to $147.6 billion in the five years through 2023, according to Euromonitor International. The island nation has been steadily gaining a reputation for quality whiskies, but because of long aging times, the current boom has caught distillers unawares and unable to meet demand. Last year, Suntory Holdings Ltd. ran out of Hakushu 12 and Hibiki 17.
Now Nikka, owned by Japan’s largest brewer Asahi Group Holdings Ltd., is rushing to expand production. The distillery has halted sales of some of its top brands, which include Taketsuru, Yoichi and Miyagikyo. Nikka is boosting output by 20%, investing 65 billion yen ($606 million) over the next two years to build new infrastructure and doubling shifts. Nikka is Japan’s second-largest
...More info on site
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World: Beam Suntory releases US-Japan whiskey Legent
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Beam Suntory have released a collaborative American whiskey made by Jim Beam master distiller Fred Noe and Suntory chief blender Shinji Fukuyo called Legent, Drinks International reported on October 7.
It is distilled and aged in Kentucky by Noe, seventh generation master distiller of Jim Beam, finished in Californian red wine and sherry casks and then blended by Fukuyo.
“Generally the bourbon industry doesn’t use the blending technique which is why I proposed we introduce blending to the new product,” Fukuyo told Drinks International. “To do his we needed a different type of whiskey and so I suggested a wine and sherry cask finish.
“The red wine casks came from California but I insisted they must be French oak because during the finishing process it’s not only the wine that’s important but the wood influence too. The sherry casks have been provided by Suntory which would have been used to make Japanese whisky.”
Fukuyo’s blending process means that the finished whiskey is then blended together with more bourbon to give a more rounded, balanced flavour.
Jim Beam is one of the most iconic and biggest producers of Kentucky whiskey, accounting for around 50% of all bourbon produced in the state and it is expecting to
...More info on site
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