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E-Malt.com NewsLetter
Flash Summary

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 Barley prices
RombBullet Theoretical malt prices
RombBullet Scientific digest
RombBullet Business history
RombBullet Agenda
RombBullet News articles

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All e-malt.com tables are published in e-malt.com Statistics section. The Statistics section includes Barley statistics, Malt statistics and Beer statistics. The tables related to barley are published in Barley Statistics section, the tables related to malt in Malt Statistics section and the tables related to beer in Beer Statistics section.

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E-Malt.com Flash 43b
October 24 - October 27, 2019

Quote of the Week

When the bee comes to your house, let her have beer; you may want to visit the bee's house some day.
Congolese proverb

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Currency Rates

Base Currency: Euro
on October 25, 2019
Base Currency: US Dollar
on October 25, 2019
      1 EUR = 1.1121 USD
1 EUR = 0.8633 GBP
1 EUR = 1.4541 CAD
1 EUR = 1.6278 AUD
1 EUR = 120.7900 JPY
1 EUR = 4.4808 BRL
1 EUR = 71.1316 RUB
1 EUR = 7.8595 CNY
      1 USD = 0.8991 EUR
1 USD = 0.7763 GBP
1 USD = 1.3076 CAD
1 USD = 1.4636 AUD
1 USD = 108.6100 JPY
1 USD = 4.0291 BRL
1 USD = 63.9617 RUB
1 USD = 7.0673 CNY

Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend

October 25, 2019
French Barley/Malt
Crop 2019
2RS Malting Barley (FOB Creil) 158.50-160.50 down0.62%
6RW Malting Barley (FOB Creil) 158.00-160.00 down0.63%
Feed Barley (FOB Creil) 159.00-161.00down0.62%
2RS Malt (FOB Antwerp) 349.00-351.00 down0.35%
6RW Malt (FOB Antwerp) 348.50-350.50 down0.35%
French Barley/Malt
Crop 2020
2RS Malting Barley (FOB Creil) 174.50-176.50 -
6RW Malting Barley (FOB Creil) 167.00-169.00 -
2RS Malt (FOB Antwerp) 369.00-371.00 -
6RW Malt (FOB Antwerp) 360.00-362.00 -
German Malting Barley
Crop 2019
Ex Farm
Average Malting Barley Price 174.50-176.50 up0.14%
Danish Malting Barley
Crop 2019
Free on truck
Ex Farm
Malting Barley (East) 1,204.00-1,206.00 -
Malting Barley (West) 1,204.00-1,206.00 -
-No change; upPrice increase; downPrice decrease versus last publication.

Click here to see our Market Prices History.

Top Industry News

Brewery news World: AB InBev market value declines on profit warning and weaker than expected Q3 earnings growth ...Click here
Brewery news Brazil: Ambev expects price hikes to hurt fourth-quarter numbers to some extent ...Click here
Brewery news Japan: Asahi Group CEO betting on alcohol-free beer to drive global profits ...Click here
Brewery news Brazil: Heineken to double brewing capacity in Brazil ...Click here
Brewery news Nigeria: Guinness Nigeria’s full-year profit drops by N1.24 bln ...Click here

More Industry News

Brewery news India: Investigation concludes AB InBev, Carlsberg and UB colluded to fix beer prices - sources ...Click here
Brewery news Australia: State of Victoria launches programme to support small-scale and craft beer producers ...Click here
Brewery news Japan: Kirin to launch non-alcoholic beer with Food with Functional Claim ...Click here

Graph of the week

Table of the week

UK Hops Area, Yields, and Production 2017-2018

Table of the week.
Barley Prices

Theoretical Malt Prices

Scientific Digest


The different growing regions of hop production also use different techniques for hop drying after harvest. This US Team did a comparison of different kilning procedures. In the US the traditional hop method is to pile them 60-80 cm in large boxes and to run through the beds with air heated to 48-66 degrees C. This can result in uneven drying with bottom hops having 5% moisture and the hops at the top having up to 20% moisture. Overheating the hops can result in the formation of off flavours like onion/garlic. In comparison, drying hops with unheated and dehumidified air results in a less than 1% moisture difference between top and bottom of the bed. However this system is energy intensive and takes up to 48hrs in comparison to up to 13 hrs for the traditional method. The system in Germany/ Europe consists of using three drawers of hops with a height of 30 cm each that are dried and then dropped to the second tier as a new load of hops is loaded into the top tier. Again, after partial drying the middle tier is dropped to the lowest tier, the top tier to the middle, and the top once again reloaded. This system results in very homogenous moisture levels but in terms of energy consumption appears to be slightly above the US system. This study thoroughly compares all three systems in terms of energy consumption showing all pros and cons in terms of hops quality. Obviously for all systems there is still room for improvement.


Val Peacock, et al: A Comparison of Hop Drying with Unheated, Dehumidified Air Versus Traditional Drying with Heated Air MBAA TQ vol. 55, no. 3, 2018, pp. 63-66

Source: Barth Innovations

These Days in Business History

24 October
1836 - A. Phillips patents the match
1857 - World's 1st football club, Sheffield FC, founded in England
2008 - "Bloody Friday" saw many of the world's stock exchanges experience the worst declines in their history, with drops of around 10% in most indices

25 October
1492 - Christopher Columbus and ship Santa Maria land in Dominican Republic
1952 - Tappan sells 1st microwave oven
1960 - 1st electronic wrist watch placed on sale, New York City

26 October
1952 - Chevrolet unveils V-8 engine
1954 - Walt Disney's 1st television program, "Disneyland", premieres on ABC
1956 - U.N.'s International Atomic Energy Agency statute approved

27 October
1969 - Nobel prize for economy awarded to John Tinbergen
1984 - Hepatitis virus is discovered
1997 - Intel Corp buys Digital Equipment for $700 million


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)

More events are available on site e-malt.com

BreweryBrewery News Brewery

Brewery newsWorld: AB InBev market value declines on profit warning and weaker than expected Q3 earnings growth
Anheuser-Busch InBev saw more than $13 billion wiped off its market value on October 25, after a profit warning and weaker-than-expected third-quarter earnings growth ...More info on site

Brewery newsBrazil: Ambev expects price hikes to hurt fourth-quarter numbers to some extent
Brazilian beverages firm Ambev SA expects some of the headwinds that hurt third-quarter results to carry into the fourth-quarter, as recent prices hikes in ...More info on site

Brewery newsJapan: Asahi Group CEO betting on alcohol-free beer to drive global profits
Asahi Group Holdings’ Chief Executive Akiyoshi Koji is betting on alcohol-free beer to drive global profits in coming years, leveraging Japanese technology to improve ...More info on site

Brewery newsBrazil: Heineken to double brewing capacity in Brazil
Heineken, the world’s second-largest brewer, will invest 985 million reais ($244 million) in Brazil to double its production capacity, CEO Mauricio Giamellaro told the ...More info on site

Brewery newsNigeria: Guinness Nigeria’s full-year profit drops by N1.24 bln
Guinness Nigeria has recorded N5.48 billion as profit after tax in the 2019 financial year, the Daily Trust reported on October 23.

The company’s ...More info on site

Brewery news India: Investigation concludes AB InBev, Carlsberg and UB colluded to fix beer prices - sources
The investigations unit of India’s Competition Commission has concluded that Anheuser-Busch InBev, Carlsberg and United Breweries colluded to fix beer prices, two people with direct knowledge told Reuters.

The Competition Commission of India (CCI) launched the investigation after AB InBev told the watchdog it had detected an industry cartel, leading in 2018 to dawn raids at the three brewers’ offices to collect evidence.

The investigation has found that 15-20 executives from the three brewers were involved in discussions of beer prices before they were submitted to Indian state regulators, thereby violating antitrust laws, said the two sources, who declined to be named as the report is not public.

“The evidence seized by the CCI during searches last year was enough to nail the culprits,” said one of the sources.

AB InBev, the world’s largest brewer, whose Indian offerings include Budweiser and Corona, told Reuters it would not be appropriate to comment at this time, but said it takes antitrust compliance “very seriously”.

Carlsberg, which sells beer under its own-name brand and also owns Tuborg, declined to comment on Friday, but has previously said it is “committed to complying” with all relevant laws.

United Breweries, which is part-owned by Heineken and known for its Kingfisher brand, said ...More info on site

Brewery news Australia: State of Victoria launches programme to support small-scale and craft beer producers
The Government of Victoria in Australia has launched a programme to support small-scale and craft beer producers in the state to expand their business, The Drinks Insight Network reported on October 23.

Through the initiative, the government aims to encourage craft producers in the state to increase the production capacity to create employment opportunities.

The Victoria Minister for Agriculture, Jaclyn Symes, launched the A$10 mln (US$6.8 mln) Small-Scale and Craft Program during her visit to King River Brewing in Whitfield.

The launch of the programme follows the Artisanal Sector Program, whereby government provided grants to Victoria’s highly valued and diverse artisanal produce sector.

Under the programme, King River Brewing received A$5,000 (US$3,420) to enclose the brewery and install a climate control system to enable year-round manufacturing of its beers.

The brewery is engaged in the production of small-batch and preservative-free boutique beer.

It produces a wide range of beers including Kolsch, Pale Ale, Belgian Tripel and Doppelbock, as well as seasonal beers such as the Fig Porter.

Symes said: “Victoria’s small-scale and craft producers have enormous potential to take the state’s phenomenal produce to the world. We’re backing their expansions, job creation and new products.

“If you’re one of Victoria’s unique, small-scale food, craft beer or spirit producers, ...More info on site

Brewery news Japan: Kirin to launch non-alcoholic beer with Food with Functional Claim
Kirin is preparing to launch its non-alcoholic beer with a Food with Functional Claim (FFC) label in Japan, BeverageDaily.com reported on October 24.

The beer, Kirin Karada Free, contains matured hop extract (S-Ignite) which the firm claims to help reduce abdominal fat.

Toshiaki Hyodo from the corporate communication at Kirin Holdings told NutraIngredients-Asia that there was an increasing awareness in health and moderate exercise, “and consumers are looking to obtain (health) benefits from drinking beverages.”

He said this had contributed to the share of functional beer market in Japan.

Hops extract powder is made from maturing hops, which not only reduces the bitterness, but also increases the amount of matured hop bitter acids, which are the active component for fat burn.

S-ignite works is by activating brown adipose tissue (BAT) rapidly via the sympathetic nerves. Activated BAT reduces body fat by acting as a metabolic furnace that uses the fat stored in white adipose tissue as fuel.

The firm said activated BAT is the key to continuously burning body fat, and eventually, reducing abdominal fat.

In a clinical trial conducted in 2016 by Morimoto-Kobayashi et al., 200 healthy but overweight (25≤BMI<30) Japanese males and females were recruited.

They were divided into two groups and told to consume a ...More info on site

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