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Flash Summary
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E-Malt.com Flash 03b
January 16 - January 19, 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 17, 2020 |
Base Currency: US Dollar
on January 17, 2020 |
| |
1 EUR = 1.1147 USD
1 EUR = 0.8537 GBP
1 EUR = 1.4537 CAD
1 EUR = 1.6138 AUD
1 EUR = 122.6500 JPY
1 EUR = 4.6563 BRL
1 EUR = 68.5889 RUB
1 EUR = 7.6697 CNY
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|
1 USD = 0.8970 EUR
1 USD = 0.7658 GBP
1 USD = 1.3042 CAD
1 USD = 1.4476 AUD
1 USD = 110.0300 JPY
1 USD = 4.1772 BRL
1 USD = 61.5324 RUB
1 USD = 6.8806 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| January 17, 2020 |
French Barley/Malt
Crop 2019
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
160.50-162.50 |  |
| 6RW Malting Barley (FOB Creil) |
161.00-163.00 | |
| Feed Barley (FOB Creil) |
162.00-164.00 | |
| 2RS Malt (FOB Antwerp) |
353.50-355.50 | |
| 6RW Malt (FOB Antwerp) |
354.00-356.00 | |
French Barley/Malt
Crop 2020
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
171.50-173.50 |  0.58% |
| 6RW Malting Barley (FOB Creil) |
171.00-173.00 | |
| 2RS Malt (FOB Antwerp) |
365.00-367.00 | 0.34% |
| 6RW Malt (FOB Antwerp) |
364.50-366.50 | |
German Malting Barley
Crop 2019
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
174.50-176.50 |  0.48% |
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 | |
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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.
USA: US off-premise retailers see beer dollar sales grow in 2019
...Click here
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Japan: Distillers discontinue premium whiskies due to overwhelming demand
...Click here
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Thailand: Radical new party publishes Progressive Breweries and Distilleries Act
...Click here
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Vietnam: Heineken Asia Pacific claims exemption from $39.7 mln tax paid to Vietnam authorities
...Click here
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Belgium: AB InBev criticised for ‘by one get one free’ promo for its Jupiler lager
...Click here
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USA: AB InBev launches four new no- and low-alcohol beers
...Click here
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Taiwan: Taiwan Tobacco and Liquor Corporation to launch limited edition liquor and beer products to mark inauguration of President Tsai Ing-wen
...Click here
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Graph of the week
Table of the week
World Beer Production by Continent 2015-2019f
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
16 January
1868 - Refrigerator car patented by William Davis, a fish dealer in Detroit
1951 - World's largest gas pipeline opens (Brownsville Tx, to 134th St, NYC)
17 January
1792 - The birthday of the dollar sign ($), as it shows up for the first time on a federal document a U.S. Treasury bond issued to George Washington
1891 - Walter Eucken, German economist is born
1917 - US pays Denmark $25 million for Virgin Islands
18 January
1840 - Electro-Magnetic Intelligencer, 1st US electrical journal, appears
1980 - Gold reaches $1,000 an oz
1989 - IBM announces earnings up 10.4% in 1988
19 January
1898 - Edward Crosby Johnson II, future founder of Fidelity Management & Research Co., is born in Milton
1938 - GM began mass production of diesel engines
1992 - IBM announces a nearly $5B loss for 1992
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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USA: US off-premise retailers see beer dollar sales grow in 2019
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Total beer dollar sales in 2019 increased to $37.2 billion in U.S. off-premise retailers, according to market research firm IRI, Brewbound reported.
The Chicago-based market research firm, which tracks category-wide sales at major off-premise retailers, reported a 5.2% increase in beer dollar sales, and a 2.3% increase in volume sales at multi-outlet and convenience (MULC) stores (grocery, drug, club, dollar, mass-merchandiser and military) through December 29.
Meanwhile, market research firm Nielsen reported that total beer, FMB and cider dollar sales in the U.S. grew 3.4%, to $39.6 billion, while volume sales increased 0.7% for the 52-week period ending December 28.
Of course, scan data only offers part of the picture — distributed beer sold in off-premise retailers such as grocery, convenience and big box stores — for a year, not factoring in on-premise dollar sales, at-the-brewery sales and other metrics such as independent liquor stores. However, the data does give insight into sales at retail by larger players.
According to IRI, seven segments — imports, domestic sub-premiums, craft, flavored malt beverages, domestic super premiums, non-alcoholic beer and assorted — increased dollar sales in 2019.
Dollar sales of FMBs, which include hard seltzers, increased 43.1%, to nearly $4 billion, while volume sales increased about 42% last
...More info on site
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Ukraine: Beer, malt output decline in 2019
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Ukraine’s beer output (excluding that of zero-alcohol beers) totalled 18.02 mln hl last year, 0.4% down from 2018, Ukrpivo trade association reported on January
...More info on site
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Thailand: Radical new party publishes Progressive Breweries and Distilleries Act
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Thailand’s Future Forward Party has published a bill which would revolutionise the production of alcohol in Thailand and allow local craft beers to move manufacturing into Thailand as well as opening up opportunity for thousands of entrepreneurs interested in what is still a fledgling market but one which is growing fast, ThaiExaminer.com reported on January 15.
On January 14, Thailand’s Future Forward Party introduced draft legislation that would liberalise Thailand’s brewing and spirit making industries which according to the party, have become somewhat monopolistic.
The legislation was presented at a press conference in Bangkok by the party’s leader Thanathorn Juangroongruangkit.
The Progressive Breweries and Distilleries Act would effectively open up the brewing and distilling industry in Thailand by doing away with onerous requirements that currently make it impossible for smaller commercial operators to brew beer and produce spirits.
The moves appear to be the antithesis of current Thai government policy and legal provisions.
Indeed, the previous government under the 2017 Excise Tax Act passed by the old National Legislative Assembly strengthened the penalties in the original 1950 Act for those found operating outside legal requirements.
These stipulate, for instance, that to operate a brewery for commercial purposes, a brewery must produce no less than 10 million
...More info on site
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Vietnam: Heineken Asia Pacific claims exemption from $39.7 mln tax paid to Vietnam authorities
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Heineken Asia Pacific is claiming exemption from the VND917.2 billion ($39.7 million) it forked out to Vietnam tax authorities in recent deal, VnExpress International reported on January 15.
"Despite making a full payment in line with the tax assessment, Heineken Asia Pacific (Heineken APAC) does not agree with the basis on which it was issued," the company stated.
The firm has initiated proceedings under Vietnam-Singapore Double Taxation Treaty terms to seek clarification over the taxman’s decision, it said.
Heineken added it is committed to conduct business with integrity and with respect for the laws and regulations of countries in which it operates.
The statement follows the General Department of Taxation decision to charge the Dutch beer giant VND917.2 billion ($39.7 million) in back taxes and fines for a 2018 transaction.
Singapore-based Heineken APAC at the end of 2018 struck a deal valued at over VND4.8 trillion ($207.7 million) with Heineken Vietnam Brewery. Accordingly, the Singaporean firm transferred its entire Vietnamese subsidiary stake to the latter.
Tax payable on the deal came to VND823 billion ($35.6 million), but Heineken Asia Pacific claimed it was exempt from paying it under the double taxation agreement between Vietnam and Singapore.
However, the General Department of Taxation ruled the tax had to
...More info on site
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Belgium: AB InBev criticised for ‘by one get one free’ promo for its Jupiler lager
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Multinational drink and brewing company AB InBev is facing criticism for a recently launched ‘buy one get one free’ promotion on Jupiler lager, The Brussels Times reported on January 15.
In several Belgian supermarkets, the purchase of a 33cl bottle of Jupiler lager now comes hand in hand with a second free 33cl bottle.
This is “a bad thing,” Marijs Geirnaert, director of The Flemish Centre of Expertise for Alcohol and other Drugs (VAD), told Nieuwsblad, adding that “price is critical when it comes to alcohol consumption.”
With this promotion, two crates of 24 33cl bottles of Jupiler lager cost €15.99, rather than the price of €31.98 that would apply without the ‘one-for-one’ discount. That amounts to just less than €1 for a litre of beer.
“It’s a shame,” added Geirnaert, director of the VAD. “Only three things are needed to lower our alcohol consumption: raising the age limit, limiting alcohol advertising and raising the price. A number of years ago, the price of spirits rose sharply … and we saw that consumption decreased. The price increase was not implemented for wine and beer, so people are more likely to go back to the traditional lager.”
Following on from disappointing quarterly figures at the end
...More info on site
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USA: AB InBev launches four new no- and low-alcohol beers
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The market for no- and low-alcohol products in the U.S. is expected to grow about 32% between 2018 and 2022, and Anheuser-Busch is taking note, Adweek reported on January 15.
The beverage company, known globally as AB InBev, has introduced four new no- and low-alcohol beers (NABLAB) to its portfolio. The new products, which are made by craft brewers owned by AB InBev, arrive as more consumers are ditching alcohol for new beverage options that fit into a sober-curious lifestyle.
Adam Warrington, vice president of corporate social responsibility for Anheuser-Busch, said the company is continuing to build its NABLAB portfolio in response to the sector’s projected growth. The company aims to have 20% of its global beer volumes come from no- and low-alcohol products by 2025.
“From an innovation point of view, it’s about understanding what consumers want and moving quickly to get those products on the market,” Warrington said. “It’s also about offering variety [to consumers] who are much more mindful about what they’re drinking during different occasions.”
The new products include So-Lo from Goose Island, a 98-calorie beer with an ABV of 3%. Gilt Lifter from Four Peaks Brewing Company aims to reach consumers looking for a healthier lifestyle option or participating
...More info on site
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Taiwan: Taiwan Tobacco and Liquor Corporation to launch limited edition liquor and beer products to mark inauguration of President Tsai Ing-wen
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The Taiwan Tobacco and Liquor Corporation (TTL) announced on January 14 plans to launch a range of limited edition liquor and beer products to mark the inauguration of President Tsai Ing-wen's second term on May 20, the Taiwan News reported.
It is customary for the state-owned manufacturer and distributor of cigarettes and alcohol to release commemorative spirits prior to the swearing-in of Taiwanese presidents.
Chairman Ting Yen-che said limited edition distilled spirits and beer will be sold to mark the occasion and that the company also wishes to supply alcoholic drinks at Tsai’s inauguration banquet, reported CNA. The designs of the drinks are being hammered out with the Presidential Office, and the production runs will be determined depending on market demand, he added.
TTL released five well-received commemorative items for Tsai’s first inauguration in 2016. The event saw sales of 2.36 million beers, 100,000 sorghum liquor bottles, more than 100,000 whiskey bottles, and more.
With a history of 119 years, the company is embarking on an image-polishing initiative that seeks to increase its global presence. The products will also be diversified to cater to the taste of female customers, with more floral and fruit-flavored spirits to be added to its product lines, for example,
...More info on site
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Whisky News
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Japan: Distillers discontinue premium whiskies due to overwhelming demand
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In October, Nikka Whisky announced that it would have employees working both day and night shifts for the first time since the late 1990s, one of several changes it has made in an attempt to meet the increasing demand for Japanese whisky.
According to Bloomberg, sales of Japanese whisky are expected to increase by seven percent in the next two years, which means that distilleries owned by Nikka and Suntory have been scrambling to increase their whisky-making capabilities. But without creating working time machines, it also means that they can't possibly keep up with demand for their most popular aged whiskies. As a result, even the biggest distilleries have had to pull some products from the market; Suntory has previously been forced to discontinue its Hibiki 17 and Hakushu 12 whiskies.
Earlier this week, Nikka told its Japanese suppliers that it will be suspending the sales of three more of its age-statement malt whiskies in March. The discontinued whiskies will include the 17, 21, and 25 Year Old varieties of Taketsuru Pure Malt, although Nikka will continue to sell a no age-statement version of its Taketsuru Pure Malt.
The Taketsuru line was named in honor of Masataka Taketsuru, the founder of Nikka and
...More info on site
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