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Flash Summary
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E-Malt.com Flash 35b
August 28 - August 31, 2014
Quote of the Week
"We are all in the gutter, but some of us are looking at the stars."
Oscar Wilde
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Currency Rates
Base Currency: Euro
on August 29, 2014 |
Base Currency: US Dollar
on August 29, 2014 |
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1 EUR = 1.3193 USD
1 EUR = 0.7955 GBP
1 EUR = 1.4321 CAD
1 EUR = 1.4107 AUD
1 EUR = 136.9020 JPY
1 EUR = 2.9693 BRL
1 EUR = 48.1512 RUB
1 EUR = 8.1321 CNY
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1 USD = 0.7580 EUR
1 USD = 0.6030 GBP
1 USD = 1.0855 CAD
1 USD = 1.0693 AUD
1 USD = 103.7700 JPY
1 USD = 2.2506 BRL
1 USD = 36.4967 RUB
1 USD = 6.1638 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| August 29, 2014 |
| Type |
Crop 2014 |
| EUR |
% |
| 2rs Barley |
182.00-184.00 |  |
| 6rw Barley |
157.00-159.00 | |
| 2rs Malt |
373.00-375.00 | |
| 6rw Malt |
342.50-344.50 | |
| Feed Barley |
150.00-152.00 |  1.34% |
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.
World: Analysts forecast variable growth rates in Europe and better results for beer industry in other parts of the world this year
...Click here
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Germany: Beer sales increase this year thanks to weather and football
...Click here
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Russia: Beer production down 5.9% in January-July this year
...Click here
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China: Tsingtao Brewery’s first-half net profit only increases 0.7%
...Click here
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Mercosur: Barley production forecast to decline this year
...Click here
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Russia: Grains and pulses harvest this year may become the biggest since Soviet Union break-up
...Click here
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USA: Craft beers enjoy continued growth while domestic premium sales remain flat
...Click here
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Africa: Alcohol advertising ban expanding across African countries
...Click here
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Denmark: Carlsberg’s largest fund shareholder cuts its stake in the brewing company
...Click here
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Austria: Poll shows more than half of Austria’s population regularly drink beer
...Click here
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UK: AB InBev launches two new variants of Belgian Leffe beer
...Click here
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Vietnam: Local governments ask whole provinces to drink local beer
...Click here
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Graph of the week
Table of the week
World Barley Trade
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
The many faces of hops
ABSTRACT
It is known that enzyme activity can release flavor
compounds from spent hops. But these US researchers took
a closer look. They subjected spent hops from 18 different
hop varieties belonging to 10 genetically different groups
to the same enzyme treatment. Bound aglycones (linalool,
citronellol, nerol, beta-damascenone, geraniol, eugenol,
and terpinene-4-ol) were released and resulted in
significant and substantial changes to the aromatic profiles.
These responses were hop variety dependent and the
variety dependency did not correlate with the variety
groupings based on genetic pedigree. So who is going to
look for the hidden treasures in spent hops?
Read more
Source: Barth Innovations
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These Days in Business History
August 28
1565 Oldest city in the US, St Augustine Fla, established
1828 Lev Tolstoi was born, Russian writer (War & Peace, Anna Karenina)
1963 Martin Luther King Jr's "I have a dream" speech held at Lincoln Memorial
August 29
1831 Michael Faraday demonstrates 1st electric transformer
1854 Self-governing windmill patented (Daniel Halladay)
1885 Gottlieb Daimler registers his "Reitwagen" ("riding carriage") as German patent DRP No. 36423
August 30
1895 Belgium begins compulsory Roman Catholic education
1979 1st recorded occurrence-comet hits sun (energy=1 mil hydrogen bombs)
1993 150,000,000 millionth visitor to Eiffel Tower
August 31
1895 Thomas Edison patented his movie camera (Kinetograph)
1918 Belgium starts paying old age pensions
1997 Diana Spencer, princess of England, dies in car crash in Paris at 36
Agenda
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Brewery News
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World: Analysts forecast variable growth rates in Europe and better results for beer industry in other parts of the world this year
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With all major market data for 2013 now reported, growth is now expected to be finalised at +0.2%, Plato Logic said.
Initial indications for 2014
...More info on site
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Germany: Beer sales increase this year thanks to weather and football
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Germany’s beer sales in June were 14% higher than a year ago, thanks to weather and football. The plus for the calendar year is
...More info on site
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Russia: Beer production down 5.9% in January-July this year
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According to official data by Rosstat, Russia’s beer output in amounted to 7.48 mln hl July 2014.
In January – July this year, the nation’s
...More info on site
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China: Tsingtao Brewery’s first-half net profit only increases 0.7%
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Tsingtao Brewery Co Ltd, China's second-largest brewer by volume, said on August 27 first-half net profit edged up 0.7 percent, held back by slowing
...More info on site
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USA: Craft beers enjoy continued growth while domestic premium sales remain flat
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As the Brewers Association was gearing up for its annual mid-year “Power Hour” category sales review with IRI on August 28, Brewbound said on August 27 it decided to examine craft’s performance through the first 220 days of 2014.
As per Brewbound data, year-to-date craft dollar sales in IRI’s multi-outlet and convenience retail channel universe (MULC), which comprises grocery, drug, Wal-Mart, Club, Dollar, Mass-Merchandiser and Military stores, were up 22.9 percent to $1.3 billion through Aug. 10. Volume sales are also growing steadily, up 19.3 percent in MULC during the same period.
Crafts continued growth comes at a time when domestic premium sales remain flat, with dollar sales up just 0.2 percent in MULC through Aug. 10.
So which craft beer companies are benefiting the most from the sustained growth?
Boston Beer Co. sales are up more than 34 percent through the first 220 days, and the company’s Samuel Adams seasonal and Boston Lager SKUs continue to lead the category – dollar sales are up 20.7 and 6.4 percent respectively.
Narrowly edging out both of those SKUs, however, was the category’s best-selling brand, Sierra Nevada Pale Ale, dollar sales for which were up 6.1 percent. Company-wide dollar sales were also up 12.3 percent in MULC.
Some
...More info on site
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Africa: Alcohol advertising ban expanding across African countries
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The ban on alcohol advertising is picking up steam as Kenya, Botswana and South Africa gear up to impose the new regulations in the sector, CNBCAfrica.com reported on August 26.
Sechaba Breweries in Botswana is one of a number of brewers that will be affected by the proposed advertising bans and related alcohol levies, but for the moment, it continues to flourish.
“I think Botswana is a particular case. The government has regularly and steadily ratcheted up the alcohol levy, and they’ve curbed the [alcohol sellers from] being able to advertise their alcohol,” Christopher Blaine, equities analyst at African Alliance Securities, said.
“It’s mostly because they’re concerned about the social impacts of excessive consumption. You’ve seen that manifest in the per capita consumption levels, which are about half of where they should be.”
Blaine added that Kenya’s government has taken a similar move by raising levies on Senator Keg, a beer brand brewed by Kenya Breweries, as a means of raising tax revenue.
The same is being done in Zambia as well, where tax revenue also plans to be raised. Alcohol advertising in both countries is however not under the severe curbing it is in Botswana and South Africa. Botswana’s alcohol levy is however expected
...More info on site
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Denmark: Carlsberg’s largest fund shareholder cuts its stake in the brewing company
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The largest fund shareholder in Carlsberg, which has proven vulnerable to deteriorating conditions in Russia and has lowered its 2014 guidance, has cut its stake in the company by a quarter, the brewer said on August 29.
Carlsberg said Oppenheimer Funds' stake in the company is now 4.78 percent, down from 6.42 percent.
Carlsberg said this month that it expected full-year operating profit to decline by a low-to-mid-single-digit percentage compared with previous guidance of growth of low single-digit growth.
Its share price fell almost 7 percent to as low as 502 Danish crowns on Aug. 20 when it announced second-quarter results and cut its forecast. On August 29 the shares were trading half a percent up at 525 crowns.
The beer seller derives 35 percent of its operating profit from Russia, where its Baltika label is the most popular beer brand. However, sales have been falling as the economy slows, in part because of Western sanctions over Moscow's stance on Ukraine.
Carlsberg's dependence on Russia makes it a test case for how European companies are coping with the chill in Moscow's relations with the European Union.
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Austria: Poll shows more than half of Austria’s population regularly drink beer
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In news that will surprise almost no one, a recent poll shows that Austrians really like beer, The Local Austria reported on August 27.
Austrians are avid beer drinkers: more than half, namely 58.4 percent, regularly drink beer.
Only one in six of these prefer non-alcoholic beer.
These are the findings of online market and opinion research institute Marketagent.com, who interviewed 1,700 people aged 16 to 69 years about their beer consumption.
Six out of ten beer drinkers at least once a week crack open a bottle or can.
Most beer drinkers like to do so at a barbecue, followed by going out for a beer.
Two thirds of beer drinkers prefer to stick to one brand of their choice. The Styrian beer brand "Gösser" is perceived as the most traditional beer, while "Stiegl" is seen as having the best quality.
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UK: AB InBev launches two new variants of Belgian Leffe beer
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Anheuser-Busch InBev has announced the launch of two new variants for the Leffe Belgian Abbey beer brand in the UK, adding to its existing two products. The new Ruby and Nectar variants are available in 750ml bottles in beer aisles nationwide, KamCity reported on August 29.
Leffe says Ruby offers subtle traces of red fruit and rosewood suitable for those with a sweeter tooth, while Nectar is rich and full-flavoured with aromatic honey flavours and a wild floral bouquet. They are currently available at Tesco and Morrisons stores in the UK.
Emily Kraftman, Senior Brand Manager for Leffe at AB InBev UK, comments: “Both Leffe Ruby and Leffe Nectar join our existing range to offer consumers new flavour options and a different alternative to the more traditional abbey beers. Our history of expert brewing is at the core of these new variants and with Leffe as the market leading Abbey beer, combined with the fact that flavoured and fruit beers are continuing to prove popular in the UK, we’re confident both Leffe Ruby and Nectar will prove popular amongst consumers.”
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Vietnam: Local governments ask whole provinces to drink local beer
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Brewers operating in Vietnam’s central province of Nghe An might have been seen with the jealous eyes of other business owners as their poor sales were potentially given a boost by the local government, which asked the whole province to lend a hand to encourage beer consumption.
While the Ky Anh district of Ha Tinh, another central province, made national headlines on August 27 after its chairman signed a dispatch requesting local individuals and organizations to use locally made beer products, the Nghe An administration had done exactly the same a month earlier, tuoitrenews.vn reported on August 29.
On July 28, Nguyen Xuan Duong, chairman of the Nghe An People’s Committee, signed Dispatch No. 5290 on “joining hands to support businesses to sell beer products made in the province,” according to a copy obtained by Tuoi Tre (Youth) newspaper.
The document said brewers in Nghe An had contributed greatly to the provincial coffers via taxes over the last few years.
While sales of every million liters of the locally made beer products will add VND5 billion (US$235,000) to the provincial budget, the real beer consumption in the province “does not live up to the production capacity of the local brewers,” the document reads.
“Beer businesses
...More info on site
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Barley News
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Mercosur: Barley production forecast to decline this year
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Mercosur’s three barley producers will grow much less barley than last year. Acreage estimates are still variable, but latest estimates are 800 thousand tonnes
...More info on site
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Russia: Grains and pulses harvest this year may become the biggest since Soviet Union break-up
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Russia’s harvest of grains and pulses this year has the potential to be the biggest since the break-up of the Soviet Union, according to
...More info on site
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