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Flash Summary
Last five Flashes
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Beer Statistics section.
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E-Malt.com Flash 42b
October 17 - October 20, 2019
Quote of the Week
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Zig Ziglar
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Currency Rates
Base Currency: Euro
on October 18, 2019 |
Base Currency: US Dollar
on October 18, 2019 |
| |
1 EUR = 1.1104 USD
1 EUR = 0.8647 GBP
1 EUR = 1.4621 CAD
1 EUR = 1.6307 AUD
1 EUR = 120.7000 JPY
1 EUR = 4.6098 BRL
1 EUR = 71.0951 RUB
1 EUR = 7.8643 CNY
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1 USD = 0.9005 EUR
1 USD = 0.7787 GBP
1 USD = 1.3167 CAD
1 USD = 1.4684 AUD
1 USD = 108.6900 JPY
1 USD = 4.1515 BRL
1 USD = 64.0257 RUB
1 USD = 7.0823 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| October 18, 2019 |
French Barley/Malt
Crop 2019
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
158.50-160.50 |  |
| 6RW Malting Barley (FOB Creil) |
157.00-159.00 | |
| Feed Barley (FOB Creil) |
157.00-159.00 | |
| 2RS Malt (FOB Antwerp) |
349.00-351.00 | |
| 6RW Malt (FOB Antwerp) |
347.50-349.50 | |
French Barley/Malt
Crop 2020
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
173.50-175.50 | |
| 6RW Malting Barley (FOB Creil) |
166.00-168.00 | |
| 2RS Malt (FOB Antwerp) |
367.50-369.50 | |
| 6RW Malt (FOB Antwerp) |
358.50-360.50 | |
German Malting Barley
Crop 2019
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
174.00-176.00 |  0.13% |
Danish Malting Barley
Crop 2019
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,204.00-1,206.00 |  0.84% |
| Malting Barley (West) |
1,204.00-1,206.00 | 0.84% |
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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.
Russia: January-September beer production down 0.3%
...Click here
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South Korea: Hite Jinro expects turnaround in unprofitable beer business in Q3
...Click here
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Malaysia: Heineken expected to focus on growing its premium brands
...Click here
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Canada: Barley production expected to increase by 19% in 2019-20
...Click here
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UK: High barley stocks make outlook for the market bearish
...Click here
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Ukraine: Ukraine increases grain exports so far in 2019/20
...Click here
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EU & USA: US tariff on imports of Scotch and Irish whisky go into effect
...Click here
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Bulgaria: Carlsberg Bulgaria to distribute all or part of undistributed profit in 2018 as dividend
...Click here
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USA: AB InBev suing MillerCoors over alleged stealing of confidential beer recipes
...Click here
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India: United Breweries signs contract to import 50 thousand tonnes of barley from Argentina in December
...Click here
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Graph of the week
Table of the week
France Barley Supply & Distribution
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
17 October
1929 - Radio Corporation of America is formed by General Electric Co. lawyer Owen D. Young
1977 - Mother Teresa of India awarded Nobel Peace Prize
1987 - Phillip Morris announces $11 billion tender offer for Kraft
18 October
1878 - Edison makes electricity available for household usage
1954 - Texas Instruments announces the first Transistor radio
1972 - American Congress authorizes bi-centennial quarter, half-dollar & dollar coin
1973 - Nobel Prize for economy awarded to Wassily Leontief
19 October
1819 - Joseph C Juglar is born, French physician/economist, Crises Commerciales
1987 - Wall Street takes its worst plunge of the modern era, as the Dow loses 508 points, or 22.6% (the worst daily loss on record), to close at 1738.74
1988 - Friedrich Weinreb, Polish/Neth theologist/economist, dies at 77
20 October
1928 - magnate/multi-millionaire Ken Morrison was born, executive chairman of the Wm Morrison Supermarkets plc, the fourth largest chain of supermarkets in the United Kingdom
1973 - OPEC oil embargo begins
1983 - IBM-PC DOS Version 2.1 released
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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Russia: January-September beer production down 0.3%
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Russia’s beer production decreased by 0.3%, or 0.9 mln hl in January-September this year as compared to the same period in 2018, Rosstat reported.
Total
...More info on site
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South Korea: Hite Jinro expects turnaround in unprofitable beer business in Q3
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Hite Jinro is expecting a turnaround in its unprofitable beer business for the third quarter on the back of strong sales of its new
...More info on site
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Malaysia: Heineken expected to focus on growing its premium brands
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Heineken Malaysia Bhd’s sales grew of 14%, after removing the sales and service tax impact, in the first half of financial year 2019 (1HFY19)
...More info on site
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Bulgaria: Carlsberg Bulgaria to distribute all or part of undistributed profit in 2018 as dividend
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Carlsberg Bulgaria, a unit of Danish brewer Carlsberg, said on October 17 that it is planning to distribute all or part of its undistributed profit in 2018 as dividend, SeeNews reproted.
Carlsberg Bulgaria shareholders will vote on the proposal at a general meeting scheduled for November 29, the company said in an invitation for the meeting.
Carlsberg Bulgaria ended 2018 with a net profit of just over 23 million levs ($13.1 million/11.8 million euro), or 0.616 levs per share.
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USA: AB InBev suing MillerCoors over alleged stealing of confidential beer recipes
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Anheuser-Busch InBev NV is suing MillerCoors over its confidential recipes for Bud Light and Michelob Ultra, MarketWatch reported on October 17.
In a heavily redacted court filing on October 17, Anheuser-Busch claims MillerCoors illegally obtained the recipes through one of its employees, who used to work for Anheuser-Busch.
Anheuser-Busch says MillerCoors wanted the recipes because it was planning to retaliate for Anheuser-Bush’s Super Bowl ads, which chided MillerCoors for brewing beer using corn syrup.
Anheuser-Busch seeks damages from MillerCoors, a unit of Molson Coors Brewing Co.
The filing was the latest in a legal fight that began in March. MillerCoors sued Anheuser-Busch over the corn syrup ad campaign, which it says is false and misleading.
Last month, a federal judge in Milwaukee ruled in MillerCoors’ favor and ordered Anheuser-Busch to stop using packaging that implies rival contain corn syrup. Anheuser-Busch is appealing that ruling.
“Anheuser Busch has lost three major federal rulings in this case and now they are simply trying to distract from the basic fact that they intentionally misled American consumers,” MillerCoors spokesman Adam Collins said of Anheuser-Busch’s claims.
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Barley News
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Canada: Barley production expected to increase by 19% in 2019-20
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For 2018-19, carry-out stocks of barley in Canada reached a record low of almost 0.9 million tonnes due to lower supply than last year
...More info on site
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UK: High barley stocks make outlook for the market bearish
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With high UK barley stocks, the outlook for the market is bearish, FG Insight reported on October 17.
Speaking at the AHDB Grain Market Outlook
...More info on site
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Ukraine: Ukraine increases grain exports so far in 2019/20
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Ukraine has increased its grain exports by around 39pc to 15.44 million tonnes so far in the 2019/20 July-June season thanks to higher wheat shipments, Ukraine's agriculture ministry said on October 16.
The volume included 9.9 million tonnes of wheat compared to 6.7 million in the same period a season earlier, the ministry said in a statement.
Ukraine also exported 3.0 million tonnes of barley and 2.45 million tonnes of corn.
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Canada: Barley acres bouncing back in Alberta
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Although it grabs lots of Alberta acres because of malting and feedlot demand, the barley sector is perceived to be slow to develop new varieties and tethered to inflexible malting specs.
But that’s changing, the Alberta Express reported on October 17.
After bottoming out in 2017 at 5.8 million acres seeded across Canada, barley has been bouncing back. This is no surprise to leading barley breeder Aaron Beattie.
While barley still has its challenges — notably a reliance on older varieties favoured by maltsters and beer makers — the University of Saskatchewan scientist said times are changing and the industry is moving with them.
“Over the last five or six years we have had some tremendous new varieties available to producers and the malt plants are observing good results when using some of these varieties,” said Beattie.
“That’s better for growers because these new varieties are definitely higher yielding, they’re better agronomically and they meet the specs that the malt companies want.”
A major driver has been the craft beer industry, which is not only more willing to buy malt made from newer varieties but also uses more of it, avoiding adjuncts like corn or rice. The big brewers have followed their lead by developing craft-style
...More info on site
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India: United Breweries signs contract to import 50 thousand tonnes of barley from Argentina in December
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Bengaluru-based United Breweries Ltd has signed a contract to import around 50,000 tonnes of barley from Argentina at $200-$201 per tonne, cost and freight, a company source told Cogencis.
The imports are scheduled to reach the Adani Port in Gujarat in the first week of December, the official said.
Malt makers in the country had imported around 55,000-60,000 tonnes of barley in September, according to industry estimates.
With the supply crunch in the domestic market, and arrivals of the new crop scheduled to commence only in March, malt companies turned to importing the coarse grain to meet their requirements, said the owner of a Jaipur-based malt company.
Also, barley imports turned out cheaper than buying the coarse grain from the domestic market and the quality was better as well, traders said.
On October 17, prices of barley in Jaipur, the benchmark market, rose by 20 rupees to 1,870 rupees per 100 kg, as the domestic market is facing a supply crunch because stocks with farmers have almost dried up, said Munna Samodiya, owner of the Jaipur-based Bansal Trading.
According to the agriculture ministry's fourth advance estimate, India's barley output in 2018-19 is seen at 1.75 mln tonnes, compared with the final estimate of
...More info on site
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Whisky News
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EU & USA: US tariff on imports of Scotch and Irish whisky go into effect
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Hopes in the Scotch whisky industry for a last-minute reprieve from the Trump Administration’s new 25% tariff on imports of single malt whiskies from Scotland and Northern Ireland have been dashed. The tariff went into effect at midnight on October 18 on all imports of those single malts and a wide range of other European goods, with no grace period to allow for shipments already in transit, WhiskyCast reported.
The whisky tariff is part of a $7.5 billion package of countermeasures that received final approval on Monday, October 14 from the World Trade Organization to compensate for European Union subsidies to aircraft giant Airbus in a 15-year-long dispute. A WTO dispute resolution panel ruled in favor of the U.S., which argued that low-interest loans to Airbus from the governments of the United Kingdom, France, Germany, and Spain violated WTO rules on government subsidies. The dispute was prompted originally by Boeing, which claimed that the low-interest loans gave Airbus an unfair advantage in developing new aircraft models to compete with Boeing. A similar complaint filed by the European Union accusing the U.S. of providing similar illegal subsidies to Boeing is in the final stages of the WTO’s dispute resolution process, with a
...More info on site
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