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E-Malt.com Flash 03a
January 13 - January 15, 2020
Quote of the Week
Defeat may serve as well as victory to shake the soul and let the glory out.
Edwin Markham
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Currency Rates
Base Currency: Euro
on January 15, 2020 |
Base Currency: US Dollar
on January 15, 2020 |
| |
1 EUR = 1.1130 USD
1 EUR = 0.8562 GBP
1 EUR = 1.4538 CAD
1 EUR = 1.6129 AUD
1 EUR = 122.4600 JPY
1 EUR = 4.6084 BRL
1 EUR = 68.2567 RUB
1 EUR = 7.6773 CNY
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|
1 USD = 0.8984 EUR
1 USD = 0.7692 GBP
1 USD = 1.3062 CAD
1 USD = 1.4490 AUD
1 USD = 110.0200 JPY
1 USD = 4.1405 BRL
1 USD = 61.3268 RUB
1 USD = 6.8978 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| January 15, 2020 |
French Barley/Malt
Crop 2019
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
160.50-162.50 |  0.62% |
| 6RW Malting Barley (FOB Creil) |
161.00-163.00 | 0.62% |
| Feed Barley (FOB Creil) |
162.00-164.00 | 0.62% |
| 2RS Malt (FOB Antwerp) |
353.50-355.50 | 0.35% |
| 6RW Malt (FOB Antwerp) |
354.00-356.00 | 0.35% |
French Barley/Malt
Crop 2020
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
172.50-174.50 |  |
| 6RW Malting Barley (FOB Creil) |
171.00-173.00 | 0.58% |
| 2RS Malt (FOB Antwerp) |
366.50-368.50 | |
| 6RW Malt (FOB Antwerp) |
364.50-366.50 | 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) |
1,204.00-1,206.00 | |
| Malting Barley (West) |
1,204.00-1,206.00 | |
No change;
Price increase;
 Price decrease versus last publication.
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Click here to see our Market Prices History.
World: Analyst forecasts lower input costs for global brewers
...Click here
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USA: Wine, beer consumption drop in the US, ready-to-drink and spirits categories shows biggest growth
...Click here
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India: United Breweries sees craft beer sector as ‘big enough for all players to coexist’
...Click here
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World: Global barley trade forecast increased in USDA’s January report
...Click here
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Vietnam: Heineken Vietnam Brewery pays $39.7 mln in back taxes and fines for 2018 transaction
...Click here
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USA: American Malting Barley Association approves addition of new malting barley varieties to list recommended for 2020
...Click here
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Kazakhstan & Iran: Kazakh barley exports increase significantly to meet demand from Iran
...Click here
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USA: AB InBev to expand facility in Cartersville, Georgia
...Click here
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France: France’s south west has highest daily alcohol consumption, study finds
...Click here
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Graph of the week
Table of the week
World Beer Production by Continent 2015-2019f
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
13 January
1785 - John Walter publishes 1st issue of London Times
1942 - Henry Ford patents a method of constructing plastic auto bodies
14 January
1914 - Henry Ford introduces assembly line, for T-Fords
1935 - Oil pipeline Iraq-Mediterranean goes into use
1985 - British pound (£) sinks to record low-$1.11
15 January
1928 - 1st fully automatic photographic film developing machine patented
1987 - The New York Stock Exchange racks up daily volume of over a quarter-of-a-billion shares for the first time, as a total of 253.1 million shares are traded
2001 - Wikipedia, a free Wiki content encyclopedia, goes online
Agenda
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)
March 2020:
09 - 11: 107 Brewing and Engineering Conference 2020 (Leipzig, Germany)
11 - 15: Festival Brasileiro da Cerveja 2020 (Blumenau, Brazil)
11 - 12: BeerX 2020 (Liverpool, UK)
13 - 15: Barcelona Beer Festival 2020 (Barcelona, Spain)
16 - 20: IBD Asia Pacific Convention 2020 (Perth, Australia)
19 - 21: Korea International Beer Expo 2020 (Seoul, South Korea)
24 - 26: Modern Brewing Technologies 2020 (Moscow, Russia)
24 - 26: Beviale Moscow 2020 (Moscow, Russia)
April 2020:
01 - 02: Expo Antad & Alimentaria Mexico 2020 (Expo Guadalajara, Mexico)
03 - 04: Helsinki Beer Festival 2020 (Helsinki, Finland)
05 - 08: 14th International Trends in Brewing "Beer & Society" 2020 (Leuven, Belgium)
16 - 18: Zurich Bier Festival 2020 (Zurich, Switzerland)
19 - 22: Craft Brewers Conference & BrewExpo America 2020 (San Antonio, Texas, USA)
25 - 26: Zythos Beer Festival 2020 (Leuven, Belgium)
May 2020:
01 - 02: Tallinn Craft Beer Weekend 2020 (Tallinn, Estonia)
05 - 07: International Beer Strategies Conference 2020 (Munich, Germany)
13 - 15: Craft Beer China 2020 (Shanghai, China)
14 - 16: Copenhagen Beer Festival 2020 (Copenhagen, Denmark)
15 - 17: Mondial de la Biere - Paris 2020 (Paris, France)
18 - 24: Budapest Beer Week 2020 (Budapest, Hungary)
19 - 21: Beer 2020 (Sochi, Russia)
21 - 24: Mondial de la Biere 2020 (Montreal, Canada)
22 - 30: Latvia Beer Festival 2020 (Riga, Latvia)
25 - 27: Africa Brewing Conference 2020 (Maputo, Mozambique)
June 2020:
03 - 04: The Brewers of Europe Forum 2020 (Antwerp, Belgium)
04 - 07: Mondial de la Biere - Sao Paulo 2020 (Sao Paulo, Brazil)
04 - 07: Wiener Bierfest 2020 (Vienna, Austria)
July 2020:
01 - 02: Craft Drinks India 2020 (Bangalore, India)
29 - 31: Beviale Mexico 2020 (Guadalajara, Mexico)
August 2020:
01 - 04: World Brewing Congress 2020 (Minneapolis, USA)
07 - 08: Beervana 2020 (Wellington, New Zealand)
13 - 15: VIETFOOD & BEVERAGE - VIETNAM 2020 (Ho Chi Minh City, Vietnam)
September 2020:
03 - 07: Mondial de la Biere Rio 2020 (Rio de Janeiro, Brazil)
14 - 25: Craft Brewing in Practice 2020 (Berlin, Germany)
19 - 04 October: Oktoberfest 2020 (Munich, Germany)
21 - 23: 11th Ibero-American VLB Symposium 2020 (Barcelona, Spain)
October 2020:
13 - 16: China Brew & China Beverage (CBB) 2020 (Shanghai, China)
29 - 30: Sea Brew 2020 (Taipei, Taiwan)
November 2020:
10 - 12: Brau Beviale 2020 (Nuremberg, Germany)
25 - 27: Drink Japan 2020 (Tokyo, Japan)
December 2020:
09 - 11: Drink Technology India 2020 (Mumbai, India)
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Brewery News
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World: Analyst forecasts lower input costs for global brewers
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Global brewers are in line for lower input costs as a result of declines in the previously-high price for the aluminium used to make cans, the Packaging Strategies reported on January 14.
The past year has seen "significant" falls in aluminium prices, Bernstein's Trevor Stirling said. With companies typically hedging the cost of the metal packaging about a year in advance, 2020 should see a 5%-to-10% decline in can costs, Stirling has forecast.
Aluminium accounts for about half the total cost of a can, according to the analyst.
Stirling said brewers in the U.S., Western Europe and Japan are set to benefit most from the fall in can costs, as they use the packaging more than companies in developing markets, where glass is preferred. The analyst added that Western Europe brewers will likely see the least pressure on costs in 2020 because of the can tailwinds, as well as a "very strong" barley harvest in the north-east of the continent.
Malting barley prices for the 2019 crop were down 25% on the previous year, with a 15% decrease for malt, Stirling added. The U.S. is in line for a 5-to-10% decline in malting barley prices.
Despite the rosy outlook for input costs, Stirling warned that
...More info on site
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USA: Wine, beer consumption drop in the US, ready-to-drink and spirits categories shows biggest growth
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While 'rosé all day' is a popular motto for many, as a whole, people in the U.S. are drinking less wine than they have in the past, CNN reported on January 14.
In fact, wine consumption has dropped for the first time in 25 years, according to a new report from industry group IWSR. IWSR collects its sales figures by surveying financial releases and other proprietary data points.
Not to fear — Americans haven't cut alcohol altogether. Rather, they have been reaching for more spirits and ready-to-drink cocktails and are especially gravitating towards drinks like hard seltzers, following a broader trend of drinking less calorically dense alcoholic beverages.
In contrast, beer has been on the decline for the fourth year in a row. This year, sales fell 2.3% in total, and sales of domestic beer brands, like Budweiser, fell 3.1%, its analysis showed. In contrast, craft beer sales grew by 4.1% and low or non-alcoholic beer sales increased by 6.6%.
The category with the biggest growth was in the -ready-to-drink category, with sales growing 50% last year. The surge has been attributed to the extreme popularity of spiked seltzers such as White Claw, Truly and Bon & Viv. The industry is now worth
...More info on site
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India: United Breweries sees craft beer sector as ‘big enough for all players to coexist’
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India’s small, yet growing, bottled craft beer market is starting to attract the interest of big brewers, Quartz reported on January 13.
Last month, the country’s biggest beermaker by market share, United Breweries (UBL), launched Ultra Witbier, under its popular Kingfisher brand in Karnataka. The Bengaluru-based company has now launched the craft beer, its first, in Goa and is prepping to enter cities like Mumbai, Pune, and Gurugram.
In India, where whiskey and rum have been the first choice of drinkers for long, evolving consumer tastes are fuelling growth in this category, originally brewed in small quantities in microbreweries.
“For two years, we have been studying the craft beer segment closely. It is well-placed to benefit from Indian drinkers’ growing preference for visually appealing and less-bitter drinks,” Gurpreet Singh, head of marketing at UBL, said in an interview with Quartz.
Despite its deep pockets and pan-India distribution network, UBL does not see itself as a big threat to other craft beer players. “Smaller craft beer brands and players such as Bira 91, Simba, and White Owl have created this niche segment and it is big enough for all the players to coexist,” added Singh.
He also talked about the company’s expansion strategy and the need
...More info on site
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Vietnam: Heineken Vietnam Brewery pays $39.7 mln in back taxes and fines for 2018 transaction
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Heineken Vietnam Brewery has paid VND917.2 billion ($39.7 million) in back taxes and fines for a 2018 transaction, VnExpress International reported on January 13.
Singapore-based Heineken Asia Pacific Pte. Ltd. had, at the end of 2018, struck a deal valued at over VND4.8 trillion ($207.7 million) with the Heineken Vietnam Brewery. Under the deal, the Singaporean firm transferred its entire stake in its Vietnamese subsidiary to the latter.
The tax payable on the deal was VND823 billion ($35.6 million), but Heineken Asia Pacific claimed it was exempt from paying it under the double taxation agreement signed by the governments of Vietnam and Singapore.
However, the General Department of Taxation ruled that the tax had to be paid because the real estate value in the deal was over 50 percent of the assets involved in the deal.
The department confirmed that it has received in full the payment of back taxes and fines.
Another major FDI corporation, Coca-Cola Vietnam, has been ordered to pay VND821.4 billion ($35.4 million) in back taxes and penalties stretching back over nine years.
The company, which has been suspected of engaging in transfer pricing fraud to evade taxes, has paid VND471 billion ($20.4 million), or 57.3 percent of the amount, at the
...More info on site
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USA: AB InBev to expand facility in Cartersville, Georgia
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Anheuser-Busch InBev will undertake an $85 million expansion of its Cartersville facility and create 12 new jobs, a state agency announced on January 13.
The Georgia Department of Economic Development announced that the longtime Bartow County community partner will make the investment in its 27-year-old brewery.
The expansion will support the creation of new brewing capabilities at the facility, said Kevin Fahrenkrog, senior general manager of the Anheuser-Busch Cartersville Brewery.
“We are deeply committed to the Cartersville community, which is why we are excited to announce our $85 million plan for expansion,” Fahrenkrog said in a news release.
“The U.S. beer industry is back to growth and over the next three years, we will expand the brewery’s capabilities to brew some of our best-selling brands right here in Georgia.
"Our investment in the Cartersville brewery will create 12 good-paying jobs and reaffirms our strong belief in supporting local manufacturing.”
Cartersville Mayor Matt Santini said Anheuser-Busch "continues to be a source of community pride for a number of reasons."
“This latest expansion is just the latest example of their commitment to bring quality jobs to our community. We are appreciative of their investment and partnership with our city.”
AB InBev’s Cartersville brewery opened in 1993 and brews more than
...More info on site
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France: France’s south west has highest daily alcohol consumption, study finds
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People living in the south west of France are among the heaviest drinkers in the country, according to new statistics from the public health authority, The Local France reported on January 14.
The study published by French public health body Santé publique France lists the regions of Nouvelle-Aquitaine and Occitanie in south west France as the regions with the highest daily alcohol consumption.
In Occitanie - which covers cities including Toulouse and Carcassonne - 12.6 percent of adults drink every day, while in Nouvelle-Aquitaine which covers Charente and Dordogne 12.3 percent of adults drink every day.
In third place is the northern Hauts-de-France region, where the people of Nord-Pas-de-Calais and Picardie labour under the stereotype of being hopeless drunks, but where in fact only 11.5 percent of adults drink daily, just over the national average of 10 percent.
Adults in Normandy and Pays-de-la-Loire drink less than the national average while the lowest level of daily drinking in mainland France is the greater Paris Île-de-France region, where only 7.1 percent of adults drink daily.
The overseas French regions of Guadeloupe (6.9 percent), French Guiana (5.2 percent), Martinique (7 percent) and Reunion Island (5.8 percent) have averages that are significantly lower than the average for mainland France.
The
...More info on site
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Barley News
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World: Global barley trade forecast increased in USDA’s January report
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USDA’s first Grain: World Markets and Trade report this year pegs the 2019/20 global barley trade forecast at 28.778 mln tonnes, up from 28.078
...More info on site
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USA: American Malting Barley Association approves addition of new malting barley varieties to list recommended for 2020
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The American Malting Barley Association Board of Directors has approved the addition of AAC Connect, LCS Odyssey, Moravian 164 and Moravian 170 to the recommended list of malting barley varieties for 2020, the Post Register reported on January 13.
Idaho is the top state country for barley production.
AMBA is a trade association of brewing, distilling and malting companies and the list is meant to inform US producers on the malting varieties that the industry will be using in the coming year. Not all varieties will be used in large quantities and growers are encouraged to contact their local elevator, grain handler or processor to gauge market demand for any variety grown in their region prior to seeding.
Bill Legge developed AAC Connect at the Brandon Research Centre, Agriculture and Agri-Food Canada. It is a two-row, spring malting barley variety that was registered in Canada in 2016. It has plump kernels, good resistance to lodging, improved resistance to FHB, and has greater yield than AC Metcalfe and CDC Copeland. The variety is licensed to Canterra Seeds in Canada and distributed in the US by Meridian Seeds.
LCS Odyssey, a spring two-row malting variety, was developed by the Limagrain UK breeding program and is marketed
...More info on site
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Kazakhstan & Iran: Kazakh barley exports increase significantly to meet demand from Iran
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Kazakh exports of barley have grown significantly over the past decade to meet demand from Iran, its primary customer, USDA said in its January report.
Since 2010/11, at least half of Kazakhstan’s barley exports have been destined for Iran, reaching a decadal high of 94 percent of total exports (for a volume of 1.3 million tons) in 2017/18.
Despite this growth, Kazakhstan remains the smallest of the major players in the world’s barley export market, ranking seventh globally for most of the decade. The European Union and Russia are forecast to be the largest exporters of barley in 2019/20, with export volumes totaling two to three times that of Kazakhstan.
As Kazakhstan’s exports have grown, Iran’s balance sheet also shows corresponding growth in barley imports over the same time period. The growth in imports has fueled expansion of Iran’s barley feed use.
The current forecast for Kazakhstan’s 2019/20 barley exports is the highest to date at 1.8 million tons. Although Iran also imports large amounts of barley from Russia and the European Union, in all likelihood, Iran will continue to import a substantial percentage from Kazakhstan.
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