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Flash Summary
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E-Malt.com Flash 19b
May 07 - May 10, 2020
Quote of the Week
Beer is good food.
John Goodman
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Currency Rates
Base Currency: Euro
on May 08, 2020 |
Base Currency: US Dollar
on May 08, 2020 |
| |
1 EUR = 1.0804 USD
1 EUR = 0.8751 GBP
1 EUR = 1.5188 CAD
1 EUR = 1.6730 AUD
1 EUR = 114.9000 JPY
1 EUR = 6.2356 BRL
1 EUR = 79.9857 RUB
1 EUR = 7.6597 CNY
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|
1 USD = 0.9254 EUR
1 USD = 0.8099 GBP
1 USD = 1.4057 CAD
1 USD = 1.5483 AUD
1 USD = 106.3400 JPY
1 USD = 5.7714 BRL
1 USD = 74.0314 RUB
1 USD = 7.0895 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| May 08, 2020 |
French Barley/Malt
Crop 2019
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
157.50-159.50 |  |
| 6RW Malting Barley (FOB Creil) |
155.00-157.00 |  0.64% |
| Feed Barley (FOB Creil) |
152.00-154.00 | 0.65% |
| 2RS Malt (FOB Antwerp) |
352.00-354.00 | |
| 6RW Malt (FOB Antwerp) |
349.00-351.00 | 0.35% |
French Barley/Malt
Crop 2020
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
168.50-170.50 | 0.59% |
| 6RW Malting Barley (FOB Creil) |
164.00-166.00 | 0.60% |
| 2RS Malt (FOB Antwerp) |
361.50-363.50 | 0.34% |
| 6RW Malt (FOB Antwerp) |
356.00-358.00 | 0.34% |
German Malting Barley
Crop 2019
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
157.00-159.00 | 0.25% |
Danish Malting Barley
Crop 2019
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,074.00-1,076.00 | |
| Malting Barley (West) |
1,094.00-1,096.00 | |
No change;
 Price increase;
Price decrease versus last publication.
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Click here to see our Market Prices History.
World: With Q1 core profit down 13.7% AB InBev forecasts a “materially worse” second quarter
...Click here
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Brazil: Ambev sees 56% yoy plunge in first-quarter net profit
...Click here
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Australia: Asahi Beverages gets FIRB approval to acquire AB InBev’s CUB division
...Click here
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World: Drinks industry not popping any corks despite soaring sales at retail outlets
...Click here
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USA: Molson Coors to sell Irwindale, California brewery to Pabst Brewing
...Click here
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Canada: Farmers planning to plant less barley, more wheat this year
...Click here
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India: United Breweries Ltd resumes operations with limited workforce and in phased manner
...Click here
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France: 10 mln litres of unsold beer will have to be destroyed in France – Union of French Brewers
...Click here
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India: Liquor companies stocks fall as some states hike excise duty
...Click here
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Mexico: Constellation Brands continues to brew in Mexico but beer is exported to the US
...Click here
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Barbados: Beer and spirits makers welcome lifting of ban on alcohol sales
...Click here
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South Africa: South African Breweries set to dump 132 mln litres of beer if government does not permit to transport alcohol
...Click here
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Australia: Coronavirus pandemic forces brewers to ditch 4.5 mln litres of beer
...Click here
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Mexico: Heineken launches voucher program to support restaurant owners and staff
...Click here
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Graph of the week
Table of the week
China Hops Area and Production 2015-2019
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
WHERE XANTHOHUMOL IS ALSO PROMISING
ABSTRACT
Infections with porcine reproductive and respiratory syndrome virus (PRRSV) have a severe impact on the world
swine industry. However, commercially available vaccines
provide only incomplete protection against this disease.
Thus, novel approaches to control PRRSV infection are
essential for a robust and sustainable swine industry. In this
study, xanthohumol (Xn), a prenylated flavonoid extracted
from hops (Humulus lupulus L), was screened amongst
386 natural products to inhibit PRRSV proliferation and
alleviate oxidative stress induced by PRRSV. A group of Chinese
researchers found that Xn could inhibit different PRRSV
sub-genotype strain infections. In addition, it caused decreased expression of interleukin and tumor necrosis factor, both relevant for communication of infected cells. Animal
challenge experiments showed that Xn effectively alleviated
clinical signs, lung pathology, and inflammatory responses
in lung tissues of pigs induced by highly pathogenic PRRSV
infection. The results demonstrate that Xn is a promising
therapeutic agent to combat PRRSV infections.
REFERENCES:
Liu, X, et al: Therapeutic effect of xanthohumol against highly pathogenic porcine reproductive
and respiratory syndrome viruses. Vet Microbiol. 2019 Nov;238:108431. doi: 10.1016/j.
vetmic.2019.108431. Epub 2019 Sep 26
Source: Barth Innovations
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These Days in Business History
07 May
1664 - Louis XIV of France inaugurates the Palace of Versailles
1955 - West Europe Union established
1979 - 5th UNCTAD-conference opens in Manila
1982 - IBM releases PC-DOS version 1.1
1998 - Mercedes-Benz buys Chrysler for $40 billion USD and forms DaimlerChrysler in the largest industrial merger in history
08 May
1888 - George Eastman patents "Kodak box camera"
1899 - Friedrich August von Hayek is born in Vienna (Nobel Prize in economics in 1974)
1929 - John Clifton Bogle, future founder of the Vanguard Group of Investment Cos., is born in Montclair, N.J.
09 May
1785 - British inventor Joseph Bramah patents beer-pump handle
1886 - At the soda fountain of Jacob's Pharmacy in Atlanta, Dr. John S. Pemberton sells the first glass of Coca-Cola, his new "tonic" beverage
10 May
1837 - As New York banks suspend payment of loans in specie (gold coins), the Panic of 1837 begins - setting off the deepest economic depression the United States will suffer until 1929
1869 - The First Transcontinental Railroad, linking the eastern and western United States, is completed at Promontory Summit, Utah (not Promontory Point, Utah) with the golden spike
1950 - The Digital Age takes a huge leap forward. At the National Physical Laboratory in the British village of Teddington, Alan Turing's Pilot Model Advanced Computing Engine (ACE), one of the world's earliest general-purpose electronic computers, runs its first program
1975 - Sony introduces the Betamax videocassette recorder in Japan
Agenda
June 2020:
09 - 12: Aro Rojo International Beer Cup 2020 (Tampico, Mexico)
21 - 22: Planete Biere 2020 (Paris, France)
July 2020:
01 - 03: Craft Beer China 2020 (Shanghai, China)
29 - 31: Beviale Mexico 2020 (Guadalajara, Mexico)
30 - 01 August: Korea International Beer Expo 2020 (Seoul, South Korea)
August 2020:
01 - 04: World Brewing Congress 2020 (Minneapolis, USA)
September 2020:
02 - 04: Beviale Moscow 2020 (Moscow, Russia)
02 - 04: Modern Brewing Technologies 2020 (Moscow, Russia)
02 - 05: Expo Trade, Brewers Conference & Mar del Plata Beer Week 2020 (Mar del Plata Argentina)
03 - 05: Zurich Bier Festival 2020 (Zurich, Switzerland)
03 - 07: Mondial de la Biere Rio 2020 (Rio de Janeiro, Brazil)
05 - 05: Copa Cervezas de America 2020 (Award Ceremony) (Mar del Plata, Argentina)
11 - 13: Mondial de la Biere - Paris 2020 (Paris, France)
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)
24 - 26: Great American Beer Festival 2020 (Denver, USA)
24 - 26: Stockholm Beer & Whisky Festival 2020 (Stockholm, Sweden)
October 2020:
02 - 03: Stockholm Beer & Whisky Festival 2020 (Stockholm, Sweden)
08 - 11: Mondial de la Biere 2020 (Montreal, Canada)
13 - 16: China Brew & China Beverage (CBB) 2020 (Shanghai, China)
14 - 16: Expo Antad & Alimentaria Mexico 2020 (Expo Guadalajara, Mexico)
21 - 24: Beer 2020 (Sochi, Russia)
23 - 25: Cerveza Mexico Expo 2020 (Mexico City, Mexico)
29 - 30: Sea Brew 2020 (Taipei, Taiwan)
November 2020:
04 - 07: VIETFOOD & BEVERAGE - VIETNAM 2020 (Ho Chi Minh City, Vietnam)
10 - 12: Brau Beviale 2020 (Nuremberg, Germany)
11 - 11: European Beer Star 2020 - Award Ceremony & Winners' Night (Munich, Germany)
13 - 14: Beervana 2020 (Wellington, New Zealand)
18 - 18: Brussels Beer Challenge 2020 (Brussels, Belgium)
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: With Q1 core profit down 13.7% AB InBev forecasts a “materially worse” second quarter
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Anheuser-Busch InBev, the world’s largest beer maker, forecast a “materially worse” second quarter as coronavirus restrictions curb drinking across the globe, although China was
...More info on site
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Brazil: Ambev sees 56% yoy plunge in first-quarter net profit
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Brazilian beverages company Ambev SA has posted a 56% year-on-year plunge in first-quarter net profit, far below forecasts, and executives said the coronavirus outbreak
...More info on site
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Australia: Asahi Beverages gets FIRB approval to acquire AB InBev’s CUB division
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The final step in Asahi Beverages’ acquisition of Carlton & United Breweries from AB InBev has been completed with the Foreign Investment Review Board
...More info on site
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World: Drinks industry not popping any corks despite soaring sales at retail outlets
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When Lionel Platteuw started planning how he would cope under Belgium’s coronavirus lockdown, there was one item he wanted to make sure he had enough of – alcohol, Reuters reported on May 6.
“My first concern was that we didn’t have enough beer and wine,” said the Brussels-based consultant. “I wasn’t concerned about toilet paper, but I didn’t want to be stuck at home without alcohol supplies.”
Soaring sales of beer, wine and spirits at retail outlets suggest drinkers across the world took a similar attitude.
Sales at British liquor stores leapt a third in March, while those for alcohol at U.S. retailers shot up more than 50% in the week after the country entered a state of national emergency.
But the drinks industry isn’t popping any corks.
The surge in demand came as sales through bars, clubs and restaurants fell to zero as they were closed to contain the virus. And even as countries start to ease restrictions, these venues are likely to be at the back of the line to reopen.
Manufacturers have also faced supply disruptions and, in some countries, even a ban on sales as authorities worry excessive drinking could jeopardise social distancing efforts.
A deep global economic downturn also looks set to
...More info on site
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USA: Molson Coors to sell Irwindale, California brewery to Pabst Brewing
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Molson Coors Beverage Company’s Irwindale, California, brewery will have a new owner by year’s end as Pabst Brewing Company has exercised its option to purchase the facility, according to a Form 8-K Molson Coors filed with the U.S. Securities and Exchange Commission on May 4 and posted to the company’s website on May 5, Brewbound reported.
“We have given notice to Molson Coors of our intention to purchase the Irwindale Brewery property,” Pabst CEO and chairman Eugene Kashper said. “We continue to evaluate this opportunity and are committed to choosing a path forward that is in the best interest of all our stakeholders.”
In January, Molson Coors announced plans to cease production at the 40-year-old brewery, effective September 2020. As part of an agreement, Pabst had 120 days to choose to buy the facility for $150 million.
This arrangement followed a lawsuit between the two brewers, two of the country’s largest, which Pabst filed over a nearly two-decades-old contract brewing agreement. iPabst and Molson Coors reached a settlement in the case in November 2018.
During the trial for that lawsuit, Kashper testified that Pabst offered to purchase Molson Coors’ now-shuttered Eden, North Carolina, facility for $100 million, to which Molson Coors made a counteroffer
...More info on site
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Malaysia: Malaysia’s brewers resume operations
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Malaysia’s drinkers have something to cheer about as breweries resume operations to ensure enough supply for them, The Sun Daily reported on May 8.
Data gathered from social media activity by Wisesight showed that although beer brands had moved online to meet customers’ demand, many drinkers were still left unsatisfied.
The social media analysing service provider found that several delayed online orders had left customers feeling frustrated. However, the resumption of production should ensure prompt delivery.
Carlsberg Malaysia managing director Stefano Clini said they are looking forward to full lifting of the movement control order (MCO) on May 12.
“The safety and welfare of our employees remain our top priority, all of whom have received full salary while on leave or working from home,” he told The Sun on May 7.
“We already have in place workforce segregation and enhanced sanitisation measures in line with the industry standards for health, safety, and quality assurance.”
Clini said his company’s business continuity plan also encompasses more aggressive cost-saving measures and reallocation of marketing spending.
“We plan to focus on digital campaigns, e-commerce, off-trade consumption and donations to the communities we operate in,” he said.
Carslberg Malaysia will also be announcing initiatives to kick-start their recovery, especially for on-trade customers who
...More info on site
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India: United Breweries Ltd resumes operations with limited workforce and in phased manner
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United Breweries Limited (UBL) has resumed its operations with a limited workforce in a phased manner as per the directives of government authorities, Indiainfoline reported on May 6.
In an exchange filing on May 5, the company informed that the operations at the breweries are being carried out in full compliance of the precautionary measures, conditions and directions as mentioned in the guidelines of the authorities on the COVID19 safety advisories.
The company had halted operations on March 23, 2020, in the wake of Covid-19 outbreak in India.
UBL shares were down ~2% at the BSE and it is trading at Rs894, down Rs 16.20 or 1.78% than its previous close of Rs910.20.
“United Breweries Limited has taken all recommended precautions in its operations, which includes – sanitization and hygiene, thermal scanning, maintaining physical and social distancing and deep cleansing of premises,” the company said in its release on May 5.
“The Company is closely monitoring the situation to take timely action on gradual resumption towards full operations to the extent possible under the regulations and continues to treat safety of its staff and stakeholders as priority,” it added.
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France: 10 mln litres of unsold beer will have to be destroyed in France – Union of French Brewers
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The union for French breweries says 10 million litres of beer will have to be destroyed due to the closure of bars and restaurants under the coronavirus lockdown, putting even more pressure on business owners already struggling with the uncertainty of when they will be able to reopen, Yahoo News UK reported on May 6.
"The sudden closing of restaurants, cafés, bars, tourism and the cancellation of festivals and trade fairs means at least 10 million litres of beer, mostly in barrels, is going to waste," the organisation Brasseurs de France said in a statement on May 5.
"At the end of winter, brasseries stocked up on beer for the coming season, which they haven't been able to sell," it added, citing the lockdown that came into force on 17 March.
The reason it needs to be destroyed, is that the beer in fashion at the moment is unpasteurised, which makes it more fragile, contrary to the classic blond beers.
"This type of beer is full of hops, and if you keep it too long, over two or three months, the taste and aroma disappears.
"The destruction of the beer will have a considerable economic impact on business owners," the union said, calling on
...More info on site
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Mexico: Constellation Brands continues to brew in Mexico but beer is exported to the US
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Although beer production in Mexico is supposed to have been shut down, creating a beer shortage and driving beer prices through the roof, one company is continuing to brew brands such as Corona and Modelo, the Mexico News Daily reported on May 5.
But the beer brewed by Constellation Brands is not ending up in the hands of thirsty Mexicans. All of its production is destined for the United States.
After the government shuttered breweries in early April, deeming beer production a nonessential activity, supplies in the country are running low and at least 25 states report shortages.
Last week, convenience store chain Oxxo said it only had enough beer in stock to last 10 days, and in Monterrey and Tijuana stores are posting signs to their windows saying they have no beer. Black market beer prices in Mexico often come with a 300% markup.
But Constellation’s two plants in Mexico have been up and running throughout the pandemic, but have limited production and cut back staff, spokesman Michael McGrew said, adding that after consulting with government officials he is convinced the company is in compliance with the law.
But there may be good news on the horizon for Mexican beer
...More info on site
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Barbados: Beer and spirits makers welcome lifting of ban on alcohol sales
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Barbados’ beer and spirit makers welcomed on May 6 the lifting of the ban on alcohol sales as part of Phase Two of the national reopening strategy, but strongly urged Barbadians to drink responsibly, Barbados Today reported.
Spokesman for the Barbados Alcohol Industry Association (BAIA) Raphael Grisoni, Managing Director of Mount Gay Distilleries, said: “We are thankful to be able to have our employees back on the job so that they can continue to provide for their families and also to be able to play our part in stimulating the economy. However, we want to remind Barbadians to be responsible.
“Please follow the guidelines set out by Government as it relates to the sale of alcohol only on licensed premises as well as the prohibition of consumption on these premises. In other words, we should only be consuming alcohol in our homes during this time, not in rum shops, restaurants, at parties or gatherings.
“We want to reiterate that BAIA is strongly opposed to the abuse of alcohol consumption by any person, as well as the sale, promotion, and consumption of alcohol by minors under any circumstance. It is our role is to educate the public on the responsible consumption of alcohol
...More info on site
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South Africa: South African Breweries set to dump 132 mln litres of beer if government does not permit to transport alcohol
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South African Breweries (SAB) on May 7 called for the government to reconsider the ban on the sale and local transportation of alcohol as the coronavirus (Covid-19) epidemic crashed a strong performance in the first two months of the year.
SAB warned that the continued sales ban and the prevention of transporting the inventory to the warehouses would come at a huge cost for both the company and the government.
The brewer said that it currently has 132 million litres of beer - roughly the equivalent of 400 million bottles of beer - sitting in its tanks.
“If SAB is not able to resume transporting inventory, it will be forced to discard this inventory at a loss of an estimated R150 million.
"The economic effects for the government would be even more severe. The immediate loss to the government in excise tax would be R500m as the government does not collect excise for unpacked beer,” SAB said.
The warning comes as international beer consumption plunged on the Covid-19 lockdown ban of alcohol sales.
SAB parent company, Anheuser-Busch InBev (AB InBev) on May 7 said that its volumes tumbled 9.3percent decline, slashing its revenue 5.8percent and earnings before interest, tax, depreciation and amortisation falling 13.7 percent to
...More info on site
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Australia: Coronavirus pandemic forces brewers to ditch 4.5 mln litres of beer
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Close to a 25 million schooners of beer will go down the drain within weeks in Australia due to COVID-19, 7NEWS.com.au reported on May 6.
Thousands and thousands of kegs of unwanted beer have been left ‘unwanted’ as the coronavirus crisis halts demand.
South Australian brewers took the beverages back from local pubs after they were forced to close their doors six weeks ago.
“It’s a scary amount when you see it stacked up on the pallet - it’s a lot of beer,” local publican Sam Ferguson said.
“We’re fortunate enough to be a small venue but there’s of lot of big venues out there that are tossing a lot of beer down the drain.”
Lion Australia is emptying 90,000 kegs – about 4.5 million litres – across the country at onside wastewater treatment plants.
They are using the discarded brew to create biogas, which can be used to make more beer.
Across the country, brewers have tried unsuccessfully to find a use for it - even offering it to farmers to mix with cattle feed.
Carlton & United Breweries, which owns VB, Carlton Draught and Corona, has donated thousands of two-litre glass containers to pubs to help them to sell takeaway beer.
It’s a much-needed revenue stream, but
...More info on site
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Mexico: Heineken launches voucher program to support restaurant owners and staff
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Even though Mexico's beer industry is on the brink of collapse Heineken Mexico has launched a voucher program that aims to support restaurant owners and their staff during the economic crisis brought by COVID-19 pandemic, according to a recent article.
Indeed, in this outbreak, it is not the large companies but the small businesses that are mostly affected.
Heineken's Por Tu Restaurante (For Your Restaurant) campaign will benefit 10,000 bars and restaurants across Mexico, as well as 50,000 servers and other staff.
The mechanics for this promo is simple: Buy vouchers for future meals at selected partner restaurants on the program site. Once in-house service has resumed, the coupons will take effect, and depending on the amount of purchase; you can also get two to eight free beers.
You can also add a 10-15 percent tip for every purchase, and Heineken will match it until the fund reaches a maximum of 4 million pesos or US$168,000.
In early April, Heineken and other beer makers in Mexico have already halted production after the federal government included beer in the list of nonessential agro-industrial products.
Across Mexico and around the world, breweries are one of the most affected industries given that bars and restaurants have closed. A month
...More info on site
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Barley News
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Canada: Farmers planning to plant less barley, more wheat this year
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Farmers across Canada are busy getting their crops planted and have told Statistics Canada what to expect, the Lethbridge News Now reported on May 7.
While they are planning to plant more wheat, oats, and corn for grain this year, seeding intentions for canola, soybeans, barley, dry peas, and lentils are expected to be down.
This information was collected from 11,500 farmers between March 2-30. It is only a preliminary estimate as COVID-19 restrictions lead to less data being available.
Nationally, farmers anticipate planting 7.2 million acres of barley in 2020, down 2.1 per cent, likely due to high barley stocks. Saskatchewan is expected to lead the decrease in barley area with a drop of 147,700 acres, Statistics Canada said.
As for wheat, Canada’s farmers expect to plant nationally 3.3 per cent more acres, or 25.4 million acres compared to 2019. They look to plant the same amount of spring wheat (18.8 million acres), but anticipate higher durum (up 6.8 per cent to 5.2 million acres) and winter wheat (up 53.5 per cent to 1.4 million acres).
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Whisky News
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India: Liquor companies stocks fall as some states hike excise duty
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Shares of Indian liquor companies were under pressure for second straight day on May 6 after some state governments hiked excise duty on liquor, the Business Standard reported.
United Breweries, Radico Khaitan, United Spirits, GM Breweries, Associated Alcohols & Breweries and Globus Spirits declined between 3 per cent and 7 per cent in intra-day trade on the BSE. In comparison, the S&P BSE Sensex was up 1.2 per cent or 402 points at 31,855 at 12:26 pm. On May 5, these stocks had ended lower in the range of 3 per cent to 8 per cent on the BSE.
In the five trading days prior to that, most of the liquor stocks had outperformed the market by gaining up to 19 per cent, as the government allowed the opening of liquor shops from May 4 with certain conditions. The benchmark index was up 1.2 per cent during the same period. After today's fall, the stocks erased all the gains from May 4th's rally.
Some state governments, including Andhra Pradesh and Rajasthan, decided to restrict the timings of liquor shops as well as hike excise duty as a step to restrict buying, while the Mumbai Municipal Corporation decided to shut all liquor shops in
...More info on site
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