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E-Malt.com Flash 08a February 17 - February 19, 2020
Quote of the Week
It's always too early to quit.
Norman Vincent Peale
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Currency Rates
Base Currency: Euro on February 19, 2020 |
Base Currency: US Dollar on February 19, 2020 |
|
1 EUR = 1.0816 USD
1 EUR = 0.8316 GBP
1 EUR = 1.4336 CAD
1 EUR = 1.6173 AUD
1 EUR = 118.7500 JPY
1 EUR = 4.6930 BRL
1 EUR = 68.9421 RUB
1 EUR = 7.5672 CNY
|
|
1 USD = 0.9244 EUR
1 USD = 0.7688 GBP
1 USD = 1.3254 CAD
1 USD = 1.4952 AUD
1 USD = 109.7800 JPY
1 USD = 4.3388 BRL
1 USD = 63.7400 RUB
1 USD = 6.9962 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
February 19, 2020 |
French Barley/Malt Crop 2019 Bulk |
EUR/T |
% |
2RS Malting Barley (FOB Creil) |
157.50-159.50 | 0.63% |
6RW Malting Barley (FOB Creil) |
162.00-164.00 | 1.88% |
Feed Barley (FOB Creil) |
162.00-164.00 | |
2RS Malt (FOB Antwerp) |
350.00-352.00 | 0.35% |
6RW Malt (FOB Antwerp) |
356.00-358.00 | 1.05% |
French Barley/Malt Crop 2020 Bulk |
EUR/T |
% |
2RS Malting Barley (FOB Creil) |
172.50-174.50 | 0.57% |
6RW Malting Barley (FOB Creil) |
171.00-173.00 | |
2RS Malt (FOB Antwerp) |
366.50-368.50 | 0.33% |
6RW Malt (FOB Antwerp) |
364.50-366.50 | |
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) |
1,214.00-1,216.00 | 0.83% |
No change;
Price increase;
Price decrease versus last publication.
|
Click here to see our Market Prices History.
Vietnam: Ani-drink driving law takes its toll on Sabeco’s beer volumes
...Click here
|
The Philippines: San Miguel Food and Beverage, Inc. gets approval to raise P15 bln through bonds
...Click here
|
Japan: Kirin Holdings opposes proposal to divest assets outside of beer business
...Click here
|
Canada: Barley production forecast to decrease in 2020-21
...Click here
|
South Africa: AB InBev’s South African Breweries to list its black economic empowerment ownership scheme on the JSE
...Click here
|
Malaysia: Heineken confirms price increases for certain selected products
...Click here
|
Norway: Sales of non-alcoholic beer reach new record in 2019
...Click here
|
Graph of the week
Table of the week
World Use of Hops and Hop Products 1997 - 2019s
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
17 February
1878 - Silver dollar became U.S. legal tender
1986 - 1st Francophone Summit convenes at Versailles
1989 - Egypt, Iraq, Jordan and North Yemen form common market
18 February
1933 - 1st issue of Newsweek magazine published
1939 - Golden Gate International Exposition opens on Treasure Island
1981 - Chrysler Corporation reports largest corporate losses in U.S. history
19 February
1878 - Thomas Alva Edison patents gramophone (phonograph)
1899 - Cornelius Vanderbilt Whitney, Pan Am Airways (World airways) founder is born
1969 - 1st Test flight of Boeing 747 jumbo jet
Agenda
March 2020:
09 - 11: 107 Brewing and Engineering Conference 2020 (Leipzig, Germany)
11 - 12: BeerX 2020 (Liverpool, UK)
11 - 15: Festival Brasileiro da Cerveja 2020 (Blumenau, Brazil)
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)
Brewery News
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Vietnam: Ani-drink driving law takes its toll on Sabeco’s beer volumes
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Vietnam’s new anti-drunk driving law took its toll on Sabeco’s beer volumes, the Singapore Business Review reported on February 18.
Concerns over drink driving laws in Vietnam dragged ThaiBev’s share price down 11.8% YTD, according to an analyst report by DBS Group Research.
OCBC Investment Research (OIR) echoed a similar sentiment, adding that the fall in share price could be largely attributed to the 9.8% correction after Sabeco announced its full year results in January with 6% YoY fall in revenue due to weaker sales volume.
However, OIR also mentioned that the management is confident in Sabeco's outlook given its strong branding in off premise and rural areas. DBS’ report also stated that Vietnam’s anti-drunk driving law will have a lesser impact due to Sabeco’s skew towards off-trade consumption.
“Given the outbreak of COVID-19, management expects to see larger impact from its Food segment but its contribution to 1QFY20 was minimal at 1.8%. We see any additional stimulus package from Thai government as positive on domestic consumption,” said Chu Peng, analyst at OIR.
Furthermore, RHB is also expecting Sabeco’s earnings growth to decelerate to the mid-to-high digits in FY2020. The report also noted that at the PATMI level, ThaiBev’s beer segment only constituted 2% of
...More info on site
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The Philippines: San Miguel Food and Beverage, Inc. gets approval to raise P15 bln through bonds
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The Securities and Exchange Commission has approved the plan of San Miguel Food and Beverage, Inc. (SMFB) to raise ₱15 billion through bonds, CNN Philippines reported on February 19.
The regulator said on February 19 that it has given the green light for the company to issue fixed-rate debt notes, which will mature in five or seven years.
The listed firm revealed its plan to float bonds in November. These papers have been given the highest credit rating by the Philippine Rating Services Corporation, vouching for SMFB's ability to pay its dues.
SMFB, which is the food unit of conglomerate San Miguel Corporation, said the offering would yield around ₱14.8 billion for the company, which it will use to settle maturing loans by March 12.
The bonds can be availed through a minimum ₱50,000 investment plus increments of ₱10,000, and will be listed on the bond trading platform Philippine Dealing & Exchange Corp.
BDO Capital & Investment Corp., BPI Capital Corporation, China Bank Capital Corporation, Philippine Commercial Capital, Inc., PNB Capital and Investment Corporation, RCBC Capital Corporation and SB Capital Investment Corporation have been tapped as joint lead underwriters and bookrunners for the offer, the SEC said.
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Japan: Kirin Holdings opposes proposal to divest assets outside of beer business
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Japan’s Kirin Holdings Co Ltd opposed on Febuary 19 a proposal by an activist shareholder that it divest assets outside its beer business, saying investments in areas such as healthcare were crucial to its business, Reuters reported.
UK-based Independent Franchise Partners (IFP), which owns a 2% stake in Kirin, has called on the company to focus on beer, sell non-core businesses and use proceeds from sales to buy treasury stocks worth 600 billion yen ($5.45 billion).
“The board is strongly opposed to Franchise Partner’s proposal that all non-beer assets be sold,” the company said in a statement.
IFP’s chief executive Hassan Elmasry told reporters in Tokyo on a conference call the company will convince other shareholders to support its proposal for divesting assets outside Kirin’s beer business.
“We regret that Kirin management have not accepted our compromised offer in the constructive spirit in which it was given,” Elmasry said.
“Instead, we aim to convince other shareholders on the merit of the proposal at the annual general meeting (AGM),” he said. Kirin is set to hold its AGM in March.
Given that beer consumption in Japan has more than halved since the 1990s, Kirin has diversified its revenue sources by moving into the pharmaceutical business with affiliate
...More info on site
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South Africa: AB InBev’s South African Breweries to list its black economic empowerment ownership scheme on the JSE
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AB InBev’s South African Breweries (SAB) unit plans to list its new R5.4 billion broad-based black economic empowerment (B-BBEE) ownership scheme, dubbed SAB Zenzele Kabili, on the JSE on April 15, Moneyweb.co.za reported on February 18.
The move, which will also see black retail investors now being able to secure shares in the beer giant, was announced by Richard Rivett-Carnac – SAB and AB InBev Africa mergers, acquisitions and treasury director – at an event at the JSE in Sandton on February 17.
It comes as the landmark SAB Zenzele B-BBEE scheme is set to wind down in April, having been launched 10 years ago under the old SABMiller stable. SAB, which is now part of the world’s largest brewing group AB InBev, forecasts that the original scheme will have generated almost R14 billion in value for South Africa upon its unwinding.
“SAB Zenzele has disbursed some R4 billion to shareholders since its inception in 2010, with an additional R9.6-billion to be paid out when it winds up in April,” says Rivett-Carnac.
He adds that he is looking forward to the next chapter with SAB Zenzele Kabili.
“We are excited to offer SAB Zenzele shareholders the opportunity to partner and invest in SAB Zenzele Kabili
...More info on site
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Norway: Sales of non-alcoholic beer reach new record in 2019
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10.6 million litres of non-alcoholic beer were sold in Norway in 2019, a new record for the Scandinavian country.
The figure, which applies to country’s the entire beverage industry, was reported by news bureau NTB reported on February 17.
Increasing popularity of non-alcoholic beer is linked to a wider selection and improving quality of products, according to Henrik Lund, marketing manager for alcohol-free beer Ringnes, a major Norwegian brewery.
“The good taste experience and the high quality of the brewery means that alcohol-free beer is no longer seen as a substitute for beer with alcohol,” Lund told NTB.
While 2019 was a record year for non-alcoholic beer, 2020 has begun by setting an unprecedented pace for sales of the product.
During the first three weeks of January, sales of non-alcoholic beer increased by as much as 10 percent compared to 2019.
Increasing awareness regarding fitness and health, making more people consider their alcohol intake, is helping to boost the sector, Lund said.
“We believe (the January figures are) primarily due to a stronger focus on health and fitness in January,” he told NTB.
“This is due not only to a desire to reduce alcohol consumption after Christmas and New Year's celebrations, but also the fact that beer without
...More info on site
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Malaysia: Heineken confirms price increases for certain selected products
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Heineken Malaysia Bhd has confirmed it is going to increase prices of certain selected products come March 1, due to rising operating costs, The Edge Markets reported on February 18.
The selective price adjustment, it said in a statement on February 18, applies primarily to products that are in the keg format.
“We wish to clarify that the selective price adjustment applies primarily on the keg format. In Peninsular Malaysia, there is no increase in price for cans and bottles format for Heineken®, Tiger, Tiger Crystal, Guinness, Apple Fox, Strongbow Gold Apple, and Anglia Shandy. In East Malaysia, there is an adjustment for quarts (big bottles) for selected brands only,” it said.
It further clarified that the price of its Paulaner beer is only adjusted by 6.5% and not 20.25%, and that there is no price increase for Heineken 0.0.
The Edge Markets reported on February 18 that the brewer, which last raised prices of its beers by up to 5% last April, was going to raise prices for selected products from March 1 due to rising costs.
Last December, Heineken managing director Roland Bala had hinted that the brewer would increase its prices if necessary, and very selectively, when asked if there would be
...More info on site
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Barley News
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Australia: Barley production up 7% in 2019-20
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Australian winter crop production is estimated to have decreased by 5% in 2019–20 to just under 29 million tonnes, ABARES said in its February
...More info on site
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Canada: Barley production forecast to decrease in 2020-21
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For 2019-20, barley production in Canada increased to 10.4 million tonnes, largely due to higher harvested area and higher yields, Agriculture and Agri-Food Canada said in their latest report published on February 14.
The total supply of barley increased by 17% from 2018-19 as higher production more-than offset the decrease in carry-in stocks which are historically low. The domestic use of barley is expected to increase significantly from 2018-19, largely due to higher feed use.
Exports are expected to increase slightly while carry-out stocks increase sharply, the analysts said.
The average price of feed barley is expected to be lower than 2018-19 due to the increased supply in Canada, the US and around the world. The supply of barley in the US increased due to higher production and projection for higher imports, according to the United States Department of Agriculture (USDA). Carry-out stocks are forecast to rise due to an increase in supply exceeding the growth in total use.
World barley production and supply increased to the highest level since 1994-95. Barley production increased in the major exporting countries, including the EU, Russia and Ukraine. World trade is projected to rise due to higher supply and forecasts for increased imports
...More info on site
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