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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 Scientific digest
RombBullet Business history
RombBullet Agenda
RombBullet News articles




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E-Malt.com Flash 39a
September 22 - September 24, 2014

Quote of the Week

"From man's sweat and God's love, beer came into the world."
Saint Arnoldus

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Currency Rates


Base Currency: Euro
on September 24, 2014
Base Currency: US Dollar
on September 24, 2014
      1 EUR = 1.2862 USD
1 EUR = 0.7855 GBP
1 EUR = 1.4198 CAD
1 EUR = 1.4487 AUD
1 EUR = 139.8270 JPY
1 EUR = 3.0921 BRL
1 EUR = 49.7522 RUB
1 EUR = 7.9036 CNY
      1 USD = 0.7776 EUR
1 USD = 0.6107 GBP
1 USD = 1.1038 CAD
1 USD = 1.1264 AUD
1 USD = 108.7180 JPY
1 USD = 2.4041 BRL
1 USD = 38.6816 RUB
1 USD = 6.1449 CNY


Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend


September 24, 2014
Type Crop 2014 Crop 2015
EUR % EUR %
2rs Barley 176.00-178.00 down1.12% 191.00-193.00 down0.52%
6rw Barley 154.00-156.00 down0.64% 161.00-163.00 -
2rs Malt 366.00-368.00 down0.67% 384.50-386.50 down0.32%
6rw Malt 339.00-341.00 down0.36% 347.50-349.50 -
Feed Barley 141.00-143.00down1.39% nq 

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.


Top Industry News


Brewery news USA: AB InBev’s operations in the US under scrutiny by Nasdaq analysts ...Click here

Barley news EU: Most major barley crop producers expected to harvest larger crops this year ...Click here
Barley news China: Malting barley import needs will approach 4 mln tons, if beer output reaches 550 mln hl ...Click here
Barley news France: Barley exports reach 5.1 mln tonnes in 2013/14 ...Click here
Barley news North America: Malting barley production shortage will hit craft brewers more than larger breweries ...Click here


More Industry News


Barley news UK: Spring barley yields continue to perform above average ...Click here
Brewery news USA: MillerCoors to continue brewing Pabst beers for a while ...Click here
Brewery news Ireland: Beer exports up to 50pc last year ...Click here
Barley news Ukraine: Farmers harvested 39.6 mln tonnes of grain as of September 22 ...Click here
Barley news Canada & South Korea: The Barley Council of Canada welcomes signing of Canada-Korea Free Trade Agreement ...Click here
Barley news USA: The USDA Risk Management Agency announces projected wheat and barley prices for crop year 2015 ...Click here
Barley news UK: Growing whisky industry requires more barley plantings in Scotland ...Click here

Graph of the week



Table of the week

Australian Barley Supply and Disposal


Table of the week.
Prices Evolution

Prices evolution

Barley Prices



Theoretical Malt Prices


Scientific Digest


Why do noble hops differ from flavor hops?


ABSTRACT
German researchers took the varieties Topaz (AUS), Citra (US) and Hallertau Mittefrueh for the production of identical beer with whirlpool aroma addition to see how the aroma and flavor of the beers would differ. They found that 2- and 3-methylbutyric acid, S-methyl 3-methylbutanethioate, myrcene, linalool and geraniol are important aroma compounds in hops and vary widely between varieties. Whirlpool hopping can contribute high levels of R-linalool and geraniol to beer. Interestingly, the high level of linalool for Mittelfrueh also yielded in the most intense floral impression, while high levels in geraniol, betacitronellol and methyl geranate correlated with strong citrus aroma. However the other fruity characters from sensory evaluation could not be connected to a single or a certain group of substances.
Read more

Source: Barth Innovations

These Days in Business History

September 22
1893 1st auto built in US (by Duryea brothers) runs in Springfield
1910 England's 1st aircraft flight
1988 Canada begins production of a $5 silver Maple Leaf bullion coin

September 23
1908 University of Alberta opens
1974 BBC Ceefax begins 1st teletext service
1991 ABN & AMRO Dutch banks merge

September 24
1960 1st nuclear-powered aircraft carrier, launches (USS Enterprise)
1974 John C. Bogle incorporates the Vanguard Group of Investment Cos. to administer -- and to be owned by -- the Vanguard family of mutual funds
1990 Supreme Soviet gives approval to switch to free market

Agenda




BreweryBrewery News Brewery


Brewery newsUSA: AB InBev’s operations in the US under scrutiny by Nasdaq analysts
The combination of InBev and the American brewer Anheuser-Busch in 2008 resulted in the formation of Anheuser-Busch InBev, which controls over one-fifth of the ...More info on site


Brewery news USA: MillerCoors to continue brewing Pabst beers for a while
Oasis Beverages may own Pabst Brewing Co. beers and Pabst Brewing will have its headquarters remain in Los Angeles, but MillerCoors LLC will continue making the beer for a while, Milwaukee Business Journal reported on September 22.

Oasis Beverages, an eastern European and Asian brewer and beverage company, bought Pabst Brewing for $700 million to $750 million, according to a recent story in the New York Times.

Some of the beer is made in Milwaukee, and will continue to be, according to MillerCoors.

“We currently have a contract with Pabst that runs for several more years,” said Jonathan Stern, director of media relations for MillerCoors.

Stern deferred any further questions about the contract to Pabst. However, calls made to Pabst were not returned.

Los Angeles-based Metropoulos & Co. bought Pabst in 2010 for $250 million. In the latest Oasis deal, TSG Consumer Partners LLC, a private-equity firm, will also hold a minority stake in Pabst.

Founded in Milwaukee by Jacob Best in 1844, Pabst currently is based in Los Angeles and will remain there. Some of the beers the company makes include Pabst Blue Ribbon, Schlitz, Old Milwaukee and Colt 45.

Oasis Beverages produces beers, juice and energy drinks in Russia, Kazakhstan, Belarus and Ukraine.


Brewery news Ireland: Beer exports up to 50pc last year
Beer is still the Ireland's favourite alcoholic drink - and the nation is also exporting more of it too, Irish Independent reported on September 22.

Exports of Irish beer rose from 43pc in 2012 to 50pc last year, while at home, beer still enjoys a 47pc market share.

The Irish Brewers Association has claimed a 'beer renaissance' is on the horizon with an abundance of new brewers attempting to enter the market.

However, they warned that this potential growth is being put at risk because of the Government's actions in increasing excise on alcohol in the past two Budgets.

Tax now accounts for almost a third of the price of a pint.

The IBA has now called on the Government to reverse excise on alcohol so that emerging players in the market can reach their full growth potential.



BarleyBarley News Barley


Barley newsEU: Most major barley crop producers expected to harvest larger crops this year
The official national crop forecasts in the European Union’s most important barley producers are as follows:

France is expected to produce 11.651 mln tonnes of ...More info on site


Barley newsChina: Malting barley import needs will approach 4 mln tons, if beer output reaches 550 mln hl
China’s barley imports were 764,000 tons in July, of which 671,000 tons from Australia and 92,000 tons from Canada, official data show.

In Jan/July ...More info on site


Barley newsFrance: Barley exports reach 5.1 mln tonnes in 2013/14
According to the French government, France’s barley exports reached 5.1 mln tonnes in marketing year 2013/14 (6.0 mln tonnes in 2012/13), thereof those to ...More info on site


Barley news UK: Spring barley yields continue to perform above average
Spring barley yields in HGCA Recommended List trials continue to perform above average. Current average yields of the control varieties are 7.89 t/ha, 0.72 t/ha above the five-year average of 7.16, HGCA reported on September 23.

In 2014, the provisionally approved brewing varieties Sanette and KWS Irina top the yield with 109% of the control varieties. The five-year average values provide a better representation of variety performance over a range of seasons, where both varieties achieved a yield of 107% of the control varieties.

The popular brewing variety Propino achieved a five-year average yield of 102%, as did Odyssey which is fully approved for brewing and distilling. The popular brewing and distilling variety Concerto now yields 97%.

The feed variety Shada achieved the best yield over the five years (108%), whilst at the other end of the yields, Westminster, popular in the west due to its tall, stiff straw and good resistance to disease yielded 93%.

Candidate varieties have also performed well, in particular, the potential brewing variety RGT Planet 109% in 2014 (109% five-year average), the potential feed variety Dragoon 109% in 2014 (108% five-year average) and the potential feed variety Scholar 109% (108% in 2014 and the same for the five-year average).



Barley newsNorth America: Malting barley production shortage will hit craft brewers more than larger breweries
Canada, the world's second-biggest exporter of malting barley, was already harvesting its smallest crop since 1968, before a recent dump of snow and freezing ...More info on site


Barley news Ukraine: Farmers harvested 39.6 mln tonnes of grain as of September 22
Ukrainian farmers harvested 39.6 million tonnes of grain from 10.7 million hectares up until Sept. 22, up 15 percent from the same time last year, the agriculture ministry said on September 22.

It said that farmers had harvested 72 percent of the sown area and that grain yield averaged 3.69 tonnes per hectare, around 14.6 percent higher than last year's level. Farmers had harvested 34.5 million tonnes of grain by the same date in 2013, the ministry said in a statement. The ministry said earlier this month that farms had completed the 2014 wheat and barley harvest, threshing 24.4 million tonnes of wheat and 9.3 million tonnes of barley. It also said that the share of milling wheat in the 2014 harvest would be 13 percent below the previous year's level, and stood at 56 percent. The ministry said farmers had so far harvested 3.4 million tonnes of maize from 794,000 hectares, or 17 percent of the area sown for the commodity. The maize yield fell to 4.32 tonnes per hectare this year from 4.95 tonne in 2013, it said. Ukraine plans to harvest no less than 63 million tonnes of grain in 2014, similar to last year's level.


Barley news Canada & South Korea: The Barley Council of Canada welcomes signing of Canada-Korea Free Trade Agreement
The Barley Council of Canada (BCC) is pleased with the announcement that the Canada-Korea Free Trade Agreement (CKFTA) has been signed, Marketwired reported on September 22.

The Council is now proposing quick implementation of the agreement to benefit the Canadian barley value chain.

"This is great news, as the signing of CKFTA will make Canada competitive in this gateway market," said BCC Chair Brian Otto. "We welcome the signing and are calling on the Canadian and Korean governments to move quickly and implement this agreement in early 2015."

The agreement will gradually remove historical high tariffs on Canada's agri-food exports. This will give malt exports a significant boost, as Canada already exports over 25,000 tonnes per year on average to South Korea.

"Bilateral trade agreements like this are the pillars of agriculture and our economy," said Otto. "The CKFTA will be revolutionary for Canada's barley industry-we can now expand our presence in Northeast Asia."

Upon implementation, the CKFTA is also expected to result in significant profits for the beef and pork industries.

"We're looking for sustainable results-the beef and pork industry's gains will benefit barley's feed exports as well," added Otto. "Over 80 per cent of our harvested barley goes towards feed production for livestock."

Canada is ...More info on site


Barley news USA: The USDA Risk Management Agency announces projected wheat and barley prices for crop year 2015
The USDA Risk Management Agency has announced projected wheat and barley prices for the 2015 crop year. Farmers have until Sept. 30 to purchase crop insurance, Capital Press reported on September 22.

The USDA Risk Management Agency has announced the 2015 projected price for several grain crops in the Pacific Northwest.

Winter wheat is projected at $6.20 per bushel. Spring wheat is projected at $6.55 per bushel.

Winter malting barley is projected at $3.41 per bushel. Spring malting barley projected prices will be determined approximately March 1, 2015.

The projected prices help farmers determine the level of insurance coverage and know their price point protection for a specific crop, said Jo Lynne Seufer, risk management specialist for the agency office in Spokane.

If the price a farmer would receive falls below the projected price, farmers would receive a payment for loss of revenue, depending on the insurance policy level they choose, she said.

“If we’re going into a year of drought, maybe they’ll want to look at good production yield risk policy along with price risk protection,” Seufer said.

Sales closing date for fall planted barley and all wheat is Sept. 30. The agency encourages farmers to contact their local crop insurance agent as soon as possible ...More info on site


Barley news UK: Growing whisky industry requires more barley plantings in Scotland
Scotland’s second largest export behind oil-and-gas is whisky, but to make enough whisky to account for all the ‘wee drams’ enjoyed around the world, barley is an essential ingredient, abc.net.au reported on September 23.

The whisky industry is Scotland is worth £4 billion per year, with around 40 bottles shipped overseas each second according to the Scottish Whisky Association.

The last decade has seen demand for whisky expand although more recently that demand has levelled off.

The increase in sales over the last 10 years has translated to changes in Scottish paddocks with farmers dedicating more land to growing barley.

Demand for the crop is so high that it has even been sourced from England.

In Scotland about 500,000 hectares of cereal crops are grown with more than half of that land dedicated to growing spring barley.

The region produces about 1.7 million tonnes of barley a year, compared to Australia's average annual production of around seven million tonnes.

Aberdeenshire farmer Richard Stephen, from Scotland's north east, says barley yields can be up around nine tonnes per hectare.

"Getting a good period of weather to get the crop in and out is the biggest problem," he said.

"We don't tend to get drought or floods or anything like that."

"There's ...More info on site


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