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Flash Summary
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E-Malt.com Flash 38a
September 14 - September 16, 2020
Quote of the Week
The only time you fail is when you fall down and stay down.
Stephen Richards
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Currency Rates
Base Currency: Euro
on September 16, 2020 |
Base Currency: US Dollar
on September 16, 2020 |
| |
1 EUR = 1.1869 USD
1 EUR = 0.9217 GBP
1 EUR = 1.5628 CAD
1 EUR = 1.6233 AUD
1 EUR = 125.2800 JPY
1 EUR = 6.2556 BRL
1 EUR = 89.0800 RUB
1 EUR = 8.0482 CNY
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1 USD = 0.8425 EUR
1 USD = 0.7766 GBP
1 USD = 1.3168 CAD
1 USD = 1.3676 AUD
1 USD = 105.5500 JPY
1 USD = 5.2708 BRL
1 USD = 75.0561 RUB
1 USD = 6.7812 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| September 16, 2020 |
French Barley/Malt
Crop 2020
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
174.00-176.00 |  0.57% |
| 6RW Malting Barley (FOB Creil) |
170.00-172.00 |  0.59% |
| Feed Barley (FOB Creil) |
166.00-168.00 | 0.60% |
| 2RS Malt (FOB Antwerp) |
368.50-370.50 | 0.33% |
| 6RW Malt (FOB Antwerp) |
363.50-365.50 | 0.34% |
German Malting Barley
Crop 2020
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
nq | |
Danish Malting Barley
Crop 2020
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,164.00-1,166.00 |  |
| Malting Barley (West) |
1,164.00-1,166.00 | |
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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.
Russia: August beer production increases as compared to the same month last year
...Click here
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USA: Molson Coors enters JV to brew and distribute Yuengling beers
...Click here
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World: Barley trade forecast for 2020/21 increased due to expected larger shipments from Russia and Australia
...Click here
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Australia: 2020-21 barley production to increase by 25%
...Click here
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EU: Most of spring barley crop harvested during perfect weather
...Click here
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Argentina: With barley crop condition very poor across some of Argentina’s regions, previous crop estimate now looks questionable
...Click here
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USA: Hop growers adjust acreage in response to COVID-19 pandemic
...Click here
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Nigeria: Heineken acquires additional equity stake in Nigerian Breweries
...Click here
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Ukraine & China: China boosts Ukrainian barley imports
...Click here
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South Korea: Oriental Brewery Company extends payment deadlines to help wholesalers and small business owners
...Click here
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Zambia: Zambia Breweries commends government decision to partially open bars and nightclubs
...Click here
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USA: Trademark dispute between clothing label Patagonia and AB InBev could go to trial
...Click here
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Graph of the week
Table of the week
Australian Malting Barley Exports by Destination
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
14 September
1886 - George K Anderson of Memphis, Tennessee patents typewriter ribbon
1899 - Henry Bliss becomes 1st automobile fatality (NY)
1960 - Organization of Petroleum Exporting Countries (OPEC) forms
2000 - Microsoft releases Windows ME
15 September
1857 - Timothy Alder patents typesetting machine
1928 - Alexander Fleming discovers penicillin
1952 - European Parliament forms in Strasbourg
1959 - The first successful photocopier, the Xerox 914, is introduced
16 September
1905 - Roald Amundsen discovers Magnetic South Pole
1906 - William Crapo Durant incorporates General Motors in Janesville Wisconsin
1908 - The General Motors Corporation is founded
Agenda
September 2020:
14 - 25: Craft Brewing Online 2020 (Online)
18 - 08 October: WBC Connect 2020 (Online)
October 2020:
13 - 16: China Brew & China Beverage (CBB) 2020 (Shanghai, China)
14 - 16: Expo Antad & Alimentaria Mexico 2020 (Expo Guadalajara, Mexico)
16 - 17: Great American Beer Festival 2020 (Online)
19 - 20: Planete Biere 2020 (Paris, France)
21 - 24: Beer 2020 (Sochi, Russia)
26 - 28: 107 Brewing and Engineering Conference 2020 (Leipzig, Germany)
30 - 01 November: Brussels Beer Challenge 2020 (Brussels, Belgium)
November 2020:
10 - 12: Brau Beviale 2020 (Nuremberg, Germany)
11 - 11: European Beer Star 2020 - Award Ceremony & Winners' Night (Munich, Germany)
18 - 22: Mondial de la Biere Rio 2020 (Rio de Janeiro, Brazil)
20 - 21: Beervana 2020 (Wellington, New Zealand)
25 - 27: Drink Japan 2020 (Tokyo, Japan)
26 - 29: Stockholm Beer & Whiskey Tastings 2020 (Stockholm, Sweden)
December 2020:
09 - 11: Drink Technology India 2020 (Mumbai, India)
February 2021:
05 - 07: Finest Spirits 2021 (Munich, Germany)
09 - 13: Great British Beer Festival Winter 2021 (The New Bingley Hall, Birmingham, UK)
11 - 15: HoReCa 2021 (Athens, Greece)
12 - 14: Cerveza Mexico Expo 2021 (Mexico City, Mexico)
21 - 24: Beer & Food Attraction 2021 (Rimini, Italy)
March 2021:
02 - 04: Beviale Mexico 2021 (Centro Citibanamex, Mexico City)
10 - 13: Festival Brasileiro da Cerveja 2021 (Blumenau, Brazil)
23 - 25: Beviale Moscow 2021 (Moscow, Russia)
29 - 01 April: Craft Brewers Conference & BrewExpo America 2021 (San Diego, California, USA)
April 2021:
08 - 10: Zurich Bier Festival 2021 (Zurich, Switzerland)
17 - 18: Zythos Beer Festival 2021 (Leuven, Belgium)
30 - 01 May: Tallinn Craft Beer Weekend 2021 (Tallinn, Estonia)
May 2021:
12 - 14: Craft Beer China 2021 (Shanghai, China)
17 - 23: Budapest Beer Week 2021 (Budapest, Hungary)
20 - 23: Mondial de la Biere 2021 (Montreal, Canada)
27 - 29: Copenhagen Beer Festival 2021 (Copenhagen, Denmark)
27 - 30: Wiener Bierfest 2021 (Vienna, Austria)
June 2021:
13 - 15: Bangkok Brewing Conference 2021 (Bangkok, Thailand)
15 - 17: Brasil Brau 2021 (Sao Paulo, Brazil)
July 2021:
13 - 15: Fdt Africa 2021 (Midrand, South Africa)
August 2021:
12 - 14: VIETFOOD & BEVERAGE - VIETNAM 2021 (Ho Chi Minh City, Vietnam)
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Brewery News
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Russia: August beer production increases as compared to the same month last year
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Russia’s beer production dropped by 19.4% in August as compared to July this year, Rosstat data showed on September 16.
Compared to August 2019, however,
...More info on site
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USA: Molson Coors enters JV to brew and distribute Yuengling beers
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Molson Coors Beverage Co said on September 15 it partnered with D.G. Yuengling & Son Inc to brew and sell its beers and expand the Pennsylvania-headquartered company’s distribution to the West Coast of the United States, Reuters reported.
D.G. Yuengling, the nearly 200-year-old family-owned brewer that sells beer in 22 U.S. states, said it would operate separately from the joint venture with Molson Coors, which is to be led by a board of directors consisting of members from both companies.
The partnership, expected to come into effect in the second half of 2021, will also help boost Molson Coors’ business that has taken a hit from the COVID-19 pandemic that led to closure of pubs and restaurants.
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Nigeria: Heineken acquires additional equity stake in Nigerian Breweries
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Netherlands-based Heineken N.V. has acquired additional equities stakes in Nigerian Breweries in deals valued at about N138.1 million. The latest acquisitions were struck between September 8 and 11, 2020, The Nation Newspaper reported on September 16.
Latest insider transaction reports at the Nigerian Stock Exchange (NSE) showed that Heineken, through Heineken Brouwerijen B.V, acquired 3.35 million ordinary shares of 50 kobo each in Nigerian Brewderies (NB) at an average price of N41.16 per share.
It had between August 27 and August 31, 2020, acquired 0.192 million ordinary shares of 50 kobo each of NB at an average price of N37.13 per share.
These acquisitions came after The Nation reported that Heineken had bought additional stakes to increase its majority shareholding in Nigerian Breweries to 55.9543 per cent.
Prior to the recent streaks of acquisitions, Heineken’s holdings in Nigerian Breweries were held by Heineken Brouwerijen BV, 37.76 per cent; Distilled Trading International BV, 15.47 per cent and Heineken International BV, which held 2.72 per cent.
With the initial acquisitions, Heineken Brouwerijen BV’s holding increased to 37.7643 per cent. The latest acquisitions represented 0.0024 per cent equity stake, increasing Heineken Brouwerijen BV’s shareholding to 37.7667. Thus, Heineken’s majority shareholding now stands at 55.9567 per cent, based
...More info on site
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South Korea: Oriental Brewery Company extends payment deadlines to help wholesalers and small business owners
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Oriental Brewery Company led by CEO Ben Verhaert has extended payment deadlines to help wholesalers and small business owners affected by a recent spike in coronavirus cases in Korea, The Korea Herald reported on September 13.
Earlier this month, the largest beer maker in South Korea, which is owned by AB InBev, announced it has allowed alcohol wholesalers across the country to pay for its products at a later date or pay in instalments as part of its efforts to ease the burden on businesses that have been battered by stricter social distancing rules in recent weeks.
“We made the decision to become the first in the industry to offer instalment payments as an option to help wholesalers and small business owners who are OB’s most important partners,” one official at OB said.
The company is also looking at other measures to help the alcohol industry see off the pandemic, the official added.
In March, OB introduced a similar measure and delayed payment deadlines for alcohol wholesalers when cases were rising sharply.
As part of its community service efforts, OB recently donated over 2,200 water bottles to residents in Geoje, South Gyeongsang Province, after the region was hit by Typhoon Haishen.
The company also has a
...More info on site
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Zambia: Zambia Breweries commends government decision to partially open bars and nightclubs
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Zambia's main brewer on September 14 commended the government for its decision to partially open bars and nightclubs which were closed due to the COVID-19 pandemic, Xinhua reported2.
On Friday, September 11, President Edgar Lungu ordered the reopening of bars and nightclubs but noted this will only be from 6 p.m. to 23 p.m from Friday to Sunday.
Zambia Breweries Plc said the move will improve the livelihoods of bars and night club owners and contribute to the recovery of the economy which has been hard hit by the pandemic.
Jose Moran, the company's country director said the decision will also have a trickle-down effect in supporting the agriculture value-chain, given that the company supports local farmers by buying cassava and barley which were key ingredients in some of its brands.
"Like the Head of State has mentioned, we are also aware of the negative impact COVID-19 has had on owners of bars, taverns, and nightclubs, and we share their pain because they play a key role in the growth and overall success of the company," he said in a release.
According to him, the company was committed to contributing to job creation, agro-processing, and manufacturing through the production of clear beer.
He, however, noted that
...More info on site
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USA: Trademark dispute between clothing label Patagonia and AB InBev could go to trial
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A trademark dispute between clothing label Patagonia and AB InBev could go to trial following a ruling in California’s district court, The Drinks Business reported on September 11.
The dispute revolves around a beer brand called Patagonia that AB InBev launched last year. AB InBev bought the trademark for Patagonia Beer in the US in 2012, but didn’t launch Patagonia Brewing Company until 2019.
Fashion label Patagonia, which specialises in clothing for outdoor pursuits such as hiking or skiing, launched its own beer, called Long Root, in 2016.
Patagonia learned of the trademark in 2013, but believed that Anheuser-Busch had legitimate rights to it at the time.
However, the brewer then launched its Patagonia beer at pop-up stores at US ski resorts in 2019, along with “Patagonia” branded clothing. Both the beer and apparel featured a mountain logo that infringed Patagonia’s trademarks, the court heard.
Patagonia’s lawyers argue the company’s brand name has become “among the most identifiable brands in the world”, so for AB InBev to launch a beer by the same name in this way, particularly after it had not used the trademark for six years, amounted to unfair competition. Last year, the fashion label sought to invalidate AB InBev’s trademark, asked the
...More info on site
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Barley News
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World: Barley trade forecast for 2020/21 increased due to expected larger shipments from Russia and Australia
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World barley trade forecast for 2020/21 is increased to 26.978 mln tonnes this month versus 25.278 mln tonnes in the August report, USDA said
...More info on site
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Australia: 2020-21 barley production to increase by 25%
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Winter crop production in Australia is forecast to increase by 64% in 2020–21 to 47.9 million tonnes, 20% above the 10-year average to 2019–20
...More info on site
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EU: Most of spring barley crop harvested during perfect weather
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Most of the EU spring barley was harvested during perfect harvest weather, exceptions are Great Britain and Ireland, also Finland, where constant rains damaged
...More info on site
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Argentina: With barley crop condition very poor across some of Argentina’s regions, previous crop estimate now looks questionable
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Barley crop conditions are very poor in the areas of Santa Fe, Cordoba and North Buenos Aires; still alright in southern Buenos Aires, H.
...More info on site
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Ukraine & China: China boosts Ukrainian barley imports
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China has boosted imports of Ukrainian barley in the first two months in the 2020/21 season, buying 1.3 million tonnes compared with 659,000 tonnes in the same period in 2019/20, the APK-Inform consultancy said on September 14.
It said China had bought 862,000 tonnes of barley in August versus 415,000 tonnes in August 2019.
Ukraine is a traditional grower of barley and its traditional market is Saudi Arabia.
This season its barley exports to Saudi Arabia fell to 334,000 tonnes from 388,000 a season earlier.
Ukraine is likely to cut its barley harvest to 7.3 million tonnes this year from 8.9 million tonnes in 2019 due to poor weather, according to the economy ministry.
Exports in 2020/21 could fall to 3.34 million tonnes from 5.08 million tonnes in 2019/20, the ministry has said.
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Hops News
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USA: Hop growers adjust acreage in response to COVID-19 pandemic
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Even before COVID-19 officially arrived in the Yakima Valley, officials at Yakima Chief Hops, a grower-owned hop processor and supplier, anticipated the pandemic would impact their brewery customers worldwide, the Yakima Herald-Republic reported on September 13.
In February, the Yakima company’s grower members reduced their hop acreage, something that hasn’t been done in some time given the strong demand from craft breweries.
A month later, restaurants and taprooms were forced to shut down or drastically reduce operations nationwide under stay-at-home orders. As a result, breweries weren’t going to make as much beer or need as many hops.
“We felt that was the responsible decision for our growers and our breweries,” said Bryan Pierce, vice president of North American sales for Yakima Chief Hops. “No one benefits if there are too many hops.”
Plenty of hops will be harvested in Yakima Valley hop fields in the coming weeks, however.
The U.S. Department of Agriculture estimates that U.S. growers had a record 59,174 hop acres as of the end of June, making it possible the 2020 crop could be bigger than the 2019 harvest, which totaled a record 112 million pounds of hops. About 72% of this year’s estimated acreage, or 42,343 acres, is in the Yakima
...More info on site
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