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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 Prices evolution
RombBullet Barley prices
RombBullet Theoretical malt prices
RombBullet Business history
RombBullet Agenda
RombBullet News articles




Last five Flashes


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Last five graphs

Note: All graphs issued with e-malt.com newsletters are published in "Graph" section of e-malt.com site.



Last five tables

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.



Last five prices evolution




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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


Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

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 down0.63%
6RW Malting Barley (FOB Creil) 162.00-164.00 up1.88%
Feed Barley (FOB Creil) 162.00-164.00-
2RS Malt (FOB Antwerp) 350.00-352.00 down0.35%
6RW Malt (FOB Antwerp) 356.00-358.00 up1.05%
French Barley/Malt
Crop 2020
Bulk
EUR/T %
2RS Malting Barley (FOB Creil) 172.50-174.50 down0.57%
6RW Malting Barley (FOB Creil) 171.00-173.00 -
2RS Malt (FOB Antwerp) 366.50-368.50 down0.33%
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 up0.83%
-No change; upPrice increase; downPrice decrease versus last publication.

Click here to see our Market Prices History.


Top Industry News


Brewery news Vietnam: Ani-drink driving law takes its toll on Sabeco’s beer volumes ...Click here
Brewery news The Philippines: San Miguel Food and Beverage, Inc. gets approval to raise P15 bln through bonds ...Click here
Brewery news Japan: Kirin Holdings opposes proposal to divest assets outside of beer business ...Click here

Barley news Australia: Barley production up 7% in 2019-20 ...Click here
Barley news Canada: Barley production forecast to decrease in 2020-21 ...Click here


More Industry News


Brewery news South Africa: AB InBev’s South African Breweries to list its black economic empowerment ownership scheme on the JSE ...Click here
Brewery news Malaysia: Heineken confirms price increases for certain selected products ...Click here
Brewery news 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


Table of the week.
Prices Evolution

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)

More events are available on site e-malt.com


BreweryBrewery News Brewery


Brewery news Vietnam: Ani-drink driving law takes its toll on Sabeco’s beer volumes
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


Brewery news The Philippines: San Miguel Food and Beverage, Inc. gets approval to raise P15 bln through bonds
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.


Brewery news Japan: Kirin Holdings opposes proposal to divest assets outside of beer business
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


Brewery news South Africa: AB InBev’s South African Breweries to list its black economic empowerment ownership scheme on the JSE
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


Brewery news Norway: Sales of non-alcoholic beer reach new record in 2019
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


Brewery news Malaysia: Heineken confirms price increases for certain selected products
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



BarleyBarley News Barley


Barley newsAustralia: Barley production up 7% in 2019-20
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


Barley news Canada: Barley production forecast to decrease in 2020-21
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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