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E-Malt.com Flash 34b
August 21 - August 24, 2014
Quote of the Week
"If you can't do great things, do small things in a great way."
Napoleon Hill
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Currency Rates
Base Currency: Euro
on August 22, 2014 |
Base Currency: US Dollar
on August 22, 2014 |
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1 EUR = 1.3265 USD
1 EUR = 0.7999 GBP
1 EUR = 1.4547 CAD
1 EUR = 1.4293 AUD
1 EUR = 137.7090 JPY
1 EUR = 3.0045 BRL
1 EUR = 48.1367 RUB
1 EUR = 8.1778 CNY
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1 USD = 0.7539 EUR
1 USD = 0.6030 GBP
1 USD = 1.0966 CAD
1 USD = 1.0775 AUD
1 USD = 103.8130 JPY
1 USD = 2.2649 BRL
1 USD = 36.2871 RUB
1 USD = 6.1647 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| August 22, 2014 |
| Type |
Crop 2014 |
| EUR |
% |
| 2rs Barley |
182.00-184.00 |  |
| 6rw Barley |
157.00-159.00 |  0.64% |
| 2rs Malt |
373.00-375.00 | |
| 6rw Malt |
342.50-344.50 | 0.36% |
| Feed Barley |
147.00-149.00 | |
Note: Just click
here
and you will be led to our Market Price History. These are average French barley market prices estimated on FOB Creil basis. The theoretical average malt prices are based FOB Antwerp being estimated on French malting barley. The changes are compared to last Newsletter's prices. Arrows indicate the direction of the change.
EU: Latest national malt industry numbers available show increase in barley usage in Germany, France, and the UK
...Click here
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China: China Resources Snow Breweries reports 16.5% increase in H1 attributable profit
...Click here
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India: Heineken further increases holdings in United Breweries
...Click here
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World: World barley trade forecast for 2014/15 at about the same level as in past years
...Click here
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EU: Barley export licenses for July/August decline yoy
...Click here
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Germany: Grain production likely to increase by 5% this year
...Click here
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Canada: Analysts believe Molson Coors’ expanded partnership with Heineken will strengthen market share of above-premium beers
...Click here
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Ireland: Heineken becomes Ireland’s top lager brand in H1 2014
...Click here
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Russia: Carlsberg to put less beer in bottles and reduce packaging size
...Click here
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Myanmar: Heineken secures permit for nationwide distribution of certain products
...Click here
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USA: Wet August causes “catastrophic” damage to malting barley crop in Idaho
...Click here
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India: Government proposes to make state of Kerala alcohol-free in 10 years
...Click here
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Graph of the week
Table of the week
EU Malt Exports
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
The bitterness of humulinones and hulupones
ABSTRACT
Literature tells us that two oxidation products, namely,
humulinones (from alpha-acids) and hulupones (from betaacids)
have a prominent bitter taste. A study by US
researchers assessed their bitterness intensity compared to
that of iso-alpha acids with a trained sensory panel. They
found that iso-alpha-acids are more bitter than hulupones
and that hulupones are more bitter than humulinones. At a
concentration level of 20 ppm in a lager beer base, the
bitterness intensity of iso-alpha-acids was approximately
1.4 times that of hulupones and 1.9 times that of
humulinones. Though not as intensly bitter as iso-alpha
acids, they may contribute to the total beer bitterness.
Read more
Source: Barth Innovations
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These Days in Business History
August 21
1897 Oldsmobile begins operation as a General Motors Corp division
1975 U.S. lightens trade embargo against Cuba
1991 Communist coup is crushed in U.S.S.R. in 2 days
August 22
1864 International Red Cross forms
1901 Cadillac Co forms
1980 Mount Everest climbed by Italian Reinhold Messner, alone
August 23
1904 Automobile tire chain patented
1939 Molotov-Ribbentrop pact: East Europe divided between Hitler and Stalin
1891 Thomas Edison patents motion picture camera
August 24
1853 1st potato chips prepared by Chef George Crum (Saratoga Springs, NY)
1869 Cornelius Swarthout patents waffle iron
1995 Windows 95 debuts
Agenda
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Malt News
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EU: Latest national malt industry numbers available show increase in barley usage in Germany, France, and the UK
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German malt production in July/November 2013 amounted to 745 thousand tonnes (last year 731); wheat malt production was 52 thousand tonnes (43). Malt exports
...More info on site
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Brewery News
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China: China Resources Snow Breweries reports 16.5% increase in H1 attributable profit
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China Resources Enterprise, Limited announced on August 21 its interim results for the six months ended 30 June 2014.
The Group’s beer division reported turnover
...More info on site
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India: Heineken further increases holdings in United Breweries
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United Breweries' largest shareholder Heineken NV has further consolidated its holdings in the Vijay Mallya-led firm by picking up 2.5 lakh shares for a
...More info on site
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Canada: Analysts believe Molson Coors’ expanded partnership with Heineken will strengthen market share of above-premium beers
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Global brewer Molson Coors Brewing Company boasts a strong portfolio of well-established brands, including Coors Light, Molson Canadian, Carling and Staropramen, as well as craft and specialty beers like Blue Moon, Creemore Springs and Cobra. The company focuses on growing its market share through innovation and by shifting its focus on the above-premium category of beers, Zacks reported on August 20.
Recently, Molson Coors and Heineken N.V. expanded their marketing partnership in Canada, whereby Molson Coors Canada will distribute five additional above-premium brands of Heineken including Dos Equis, Sol, Tecate, Birra Moretti and Desperados in Canada starting from Jan 2015.
Over the last two decades, Molson Coors in association with Heineken has been marketing and selling its brands such as Heineken, Murphy’s, Newcastle and Strongbow. In addition, Molson Coors has also agreed to distribute the Coors Light brand in Ireland.
However, analysts note that Molson Coors has been posting negative beer volumes in Canada for quite some time. Since 2001, the premium beer segment in Canada has been gradually losing volume to the above premium and value segments, mainly due to an aging population and a sluggish economy.
In Canada, the substantial excise tax increase in Québec, which was enforced in Nov 2012, has
...More info on site
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Ireland: Heineken becomes Ireland’s top lager brand in H1 2014
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Heineken has revealed that it has become Ireland’s top lager brand, The Irish Times reported on August 20.
In a statement, Heineken said that the Irish beer market is “mirroring the tiered economic recovery which the country is currently experiencing”.
“On trade growth is very much focused in the Dublin and suburban areas, with rural areas west and north west of the country very much behind the capital”.
Noting that “serious challenges” remain for rural pubs in the current tiered marketplace recovery as suburban outlets near large cities continue to buck the trends, Heineken called on the government to help the Irish pub sector in the form of a reversal of recent beer excise increases, lower rates of both VAT and water charges in the sector.
Overall, the brewer increased its volume share of the Irish beer market to 28 per cent in the first half of the year, primarily through the Heineken branded product. One in every two pints of lager consumed in the pub now comes from the Heineken Ireland portfolio, while one third of all consumer spend on lager is focused on the Heineken brand.
The brewery’s portfolio includes Coors Light, Fosters, Beamish Stout, Murphy’s Stout, and a full range of specialty
...More info on site
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Russia: Carlsberg to put less beer in bottles and reduce packaging size
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Carlsberg, the biggest brewer in Russia, plans to put less beer in bottles and reduce the size of some products in order to avoid increasing prices in Russia, where the beer market is shrinking, RT.com reported on August 21.
The initiative applies to half of Carlsberg’s Russian production and is intended to stabilize its business in Russia, which is facing food inflation and high taxes.
It means that “we don’t have to increase prices as much, because then we can keep the same price points but lower volumes a little,” Bloomberg quotes Joergen Buhl Rasmussen, the Carlsberg’s CEO, in a telephone interview made after the Danish brewer cut its full-year outlook because of shrinking demand in Russia.
To boost Russian sales the company will also introduce new products such as Seth & Riley’s Garage, an alcoholic lemon drink, and sponsor a hockey league.
A third of Carlsberg’s profit comes from the Russian Baltika brand. Sales in Russia are likely to fall in the second half of the year, as distributors are cutting orders. This is “due to the recent macro events, the consumer sentiment, and the outlook for some of the economies in Eastern Europe are becoming increasingly challenging and uncertain,” the company explained
...More info on site
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Myanmar: Heineken secures permit for nationwide distribution of certain products
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Tax advisory firm VDB Loi has assisted Heineken, and its subsidy Asia Pacific Brewery, to secure a permit for the nationwide distribution of certain products in Myanmar, Asian Legal Business reported on August 22.
The awarding of the permit marks the first time that the Myanmar Investment Commission, the country’s investment regulator, has allowed a foreign company to distribute its products in Myanmar.
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India: Government proposes to make state of Kerala alcohol-free in 10 years
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The excise policy of the Congress-led United Democratic Front government, finalized in a two-hour meeting held at the chief minister's official residence on August 21, proposed to make Kerala alcohol-free in 10 years, The Times of India reported.
"The UDF has come out with a unanimous decision for a liquor ban in the state to achieve total prohibition,'' chief minister Oommen Chandy said after the meeting. The UDF recommendation will be shortly ratified by the state cabinet following which it would be conveyed to the Kerala High Court as a policy decision.
As a first step, 418 bars, closed since April 1 as they had failed to upgrade to two-star facilities, won't have their licenses renewed. Similarly, licenses of 312 functioning bars in the state won't be renewed after March 31, 2015. The government will also seek the legal possibility of terminating the licenses of these 312 bars immediately.
From April 1, 2015, only five star hotels - there are 23 in the state - will be granted bar licenses. The excise policy draft is mum on the status of 111 beer/wine parlours in the state, but sources in the UDF said they will be allowed to function.
The UDF also decided to phase
...More info on site
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Barley News
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World: World barley trade forecast for 2014/15 at about the same level as in past years
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The IGC forecasts a world barley trade of 21.2 mln tons in 2014/15, about the same level as in past years.
Saudi Arabia is
...More info on site
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EU: Barley export licenses for July/August decline yoy
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The EU granted the following export licenses from July 1 to Aug. 12, 2014: wheat (excl. durum) 2.5 (same period last year 2.7) mln
...More info on site
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Germany: Grain production likely to increase by 5% this year
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According to the Deutscher Bauernverband (DBV), Germany’s grain production is likely to total 50.0 mln tonnes this year, which would be an increase by
...More info on site
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USA: Wet August causes “catastrophic” damage to malting barley crop in Idaho
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The Idaho Barley Commission is seeking to help growers cope with "catastrophic" damage due to a wet August, Capital Press reported on August 19.
Sprout damage caused by monsoonal early August weather has forced Idaho barley growers to divert huge quantities of malt barley to feeder channels, driving down already low feed barley prices.
Tim Pella, an Idaho Barley Commissioner and program manager over Idaho barley operations for Busch Agricultural Resources, said his company’s contracts allow up to 1 percent sprout damage, and he’s seen loads with up to 50 percent sprouting.
Pella said Anheuser-Busch is evaluating the possibility of taking barley with sprout damage above the contract level. Meanwhile, his company has asked growers to store grain in their own bins rather than bringing it into the plant for storage, and to supply samples for laboratory testing.
He said Anheuser-Busch has been accepting only a small amount of good grain. Other major malting companies in Idaho have taken the same approach.
“We should be wrapping up harvest in Eastern Idaho, and instead, we’re still in the early stages,” Pella said.
Idaho Barley Commission Administrator Kelly Olson credited malting companies for taking “extraordinary steps to use malting barley well beyond what they would consider a suitable
...More info on site
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