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Flash Summary
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E-Malt.com Flash 52a
December 22 - December 31, 2014
Quote of the Week
"Cheers to a new year and another chance for us to get it right."
Oprah Winfrey
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Currency Rates
Base Currency: Euro
on December 26, 2014 |
Base Currency: US Dollar
on December 26, 2014 |
| |
1 EUR = 1.2195 USD
1 EUR = 0.7839 GBP
1 EUR = 1.4185 CAD
1 EUR = 1.5042 AUD
1 EUR = 146.9050 JPY
1 EUR = 3.2880 BRL
1 EUR = 64.6740 RUB
1 EUR = 7.4989 CNY
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1 USD = 0.8202 EUR
1 USD = 0.6428 GBP
1 USD = 1.1632 CAD
1 USD = 1.2334 AUD
1 USD = 120.4750 JPY
1 USD = 2.6962 BRL
1 USD = 53.0341 RUB
1 USD = 6.1493 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| December 26, 2014 |
| Type |
Crop 2014 |
Crop 2015 |
| EUR |
% |
EUR |
% |
| 2rs Barley |
204.00-206.00 |  0.49% |
206.00-208.00 | 0.98% |
| 6rw Barley |
177.00-179.00 | 1.14% |
178.00-180.00 | 1.13% |
| 2rs Malt |
401.50-403.50 | 0.31% |
402.50-404.50 | 0.61% |
| 6rw Malt |
368.00-370.00 | 0.67% |
368.50-370.50 | 0.67% |
| Feed Barley |
172.00-174.00 | 0.58% |
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.
UK: Beer sales expected to have returned to growth this year
...Click here
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Ukraine: Beer output down 11.2% in January - November
...Click here
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Canada: 2014-15 barley production down 30% to record low 7.1 mln tonnes
...Click here
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Mercosur: South America may need up to 400,000 tons of overseas barley imports
...Click here
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World: World grain markets were volatile in November
...Click here
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UK: Barley looks the most profitable choice among spring crops
...Click here
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Russia: Economy and other troubles make Russians switch from beer to vodka
...Click here
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US: Little activity on markets means barley prices will close out this year on steady trend
...Click here
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Canada: Molson Coors set to close its Vancouver beer bottling line
...Click here
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Russia: Russia introduces export duty on wheat as of February 1
...Click here
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Cyprus: Beer consumption falls 2.3% in January – November this year
...Click here
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Turkey: Grain production falls because of too dry weather this year
...Click here
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South Korea: Craft beer industry welcomes changes in regulations but there still are many obstacles to overcome
...Click here
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Japan: Kirin Holdings announces new CEO as from end March 2015
...Click here
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Russia: Duma allows ads of locally produced beer and wine on TV and radio
...Click here
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Graph of the week
Table of the week
World Barley Production by Country
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
How does yeast affect hop aroma components?
ABSTRACT
This question has been around for a couple of years,
however it has not been well addressed to this point. These
US researchers have now shown, in a small scale production
trials, how the presence of yeast influences the
concentration levels of various hop aroma components.
Linalool, geraniol and citronellol levels decreased in the
presence of yeast, and the concentrations of nerol,
caryophyllene, humulene and myrcene were also found to
be significantly lower. To clarify the different mechanisms
of those losses, more research is needed.
Read more
Source: Barth Innovations
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These Days in Business History
December 22
1877 "American Bicycling Journal" begins publishing (Boston, Mass)
1882 1st string of Christmas tree lights created by Thomas Edison
1973 Meeting in Tehran, the oil ministers of OPEC's six Persian Gulf member countries announce that they will unilaterally raise the price of crude oil to $7 per barrel. In two-and-a-half months, OPEC has raised the price of oil by 128%.
1910 US postal savings stamps 1st issued
December 23
1834 Thomas R Malthus, English vicar/economist is born
1919 Alice H Parker patents gas heating furnace
1922 BBC Radio began daily newscasts
1973 6 Persian Gulf nations double their oil prices
December 24
1851 US Library of Congress catches fire; 35,000 books burn
1893 Henry Ford completes his 1st useful gas motor
1922 BBC sends 1st British radio play "Truth about Father Christmas"
December 25
1848 New Haven Railroad opens
1947 Taiwan passes Human Rights laws (Day of Earth Law)
1954 WSFA TV channel 12 in Montgomery AL (NBC) begins broadcasting
1959 Sony brings transistor TV 8-301 to the market
December 26
1991 The Standard & Poor's 500-stock index closes above 400 for the first time, finishing the day at 404.84
1854 Wood-pulp paper 1st exhibited
1878 1st US store to install electric lights, Philadelphia
1950 Gillette & Mutual buy All Star & World Series rights ($6 million for 6 years)
1975 1st supersonic transport service (Tupolev-144)
December 27
1825 1st public railroad using steam locomotive completed in England
1928 Portfolio manager Walter Morgan founds the nation's first "balanced" mutual fund, the Industrial and Power Securities Co., which invests in both stocks and bonds
1945 International Monetary Fund established - World Bank founded
December 28
1895 Auguste and Louis Lumiere are born (1st commercial cinema)
1869 William Finley Semple of Mount Vernon OH, patents chewing gum
1967 After 175 years, the New York Stock Exchange finally admits its first woman member, Muriel Siebert of Muriel Siebert & Co.
December 29
1862 Bowling ball invented
1867 1st telegraph ticker used by a brokerage house, Groesbeck & Co, NY
1891 Edison patents "transmission of signals electrically" (radio)
1997 Russia signs agreement to build a $3B nuclear power plant in China
December 30
1851 Asa Griggs Candler is born (developed Coca-Cola)
1854 Pennsylvania Rock Oil Company, 1st in US, incorporated in New York NY
1861 US banks stops payments in gold
1958 French franc devalued
1988 Mercedes-Benz pays $20.2-M fine failed to meet '86 government fuel standard
1990 11th United Negro College Fund raises $10,000,000
December 31
1781 Bank of North America, 1st US bank opens
1981 CNN Headline News debuts
1997 Microsoft buys Hotmail E-mail service
Agenda
February 2015:
10-12: International Brewing Awards 2015
11-14: National Winter Ales Festival 2015 (Derby, UK)
21-24: Beer Attraction 2015 (Rimini, Italy)
March 2015:
11-14: Brazilian Beer Festival - Festival Brasileiro da Cerveja 2015 (Blumenau, Brazil)
20-21: BeerX 2015 2015 (Sheffield, UK)
31 March - 02 April: ProPak Vietnam 2015 (Ho Chi Minh City, Vietnam)
April 2015:
14-17: Craft Brewers Conference & BrewExpo America 2015 (Portland, USA)
21-23: Brewer (Pivovar) 2015 (Moscow, Russia)
25-26: Zythos 2015 (Leuven, Belgium)
May 2015:
06-08: bevtec Asia 2015 (Bangkok, Thailand)
07-23: The Czech Beer Festival 2015 (Prague, the Czech Republic)
19-22: Beer (Pivo) 2015 (Sochi, Russia)
24-28: EBC 2015 (Porto, Portugal)
26-28: Alimentaria Mexico 2015 (Mexico City, Mexico)
28-30: Copenhagen Beer Festival 2015 (Copenhagen, Denmark)
28-31: Latvia Beer Fest 2015 (Riga, Latvia)
June 2015:
10-14: Mondial de la Biere 2015 (Montreal, Canada)
July 2015:
01-04: Ollesummer 2015 (Tallinn, Estonia)
15-17: Brasil Brau 2015 (Sao Paulo, Brazil)
August 2015:
11-15: The Great British Beer Festival 2015 (London, UK)
September 2015:
19 September - 14 October: Oktoberfest 2015 (Munich, Germany)
More events are available on site e-malt.com
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Brewery News
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Russia: January – November beer production down 8%
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As reported by Rosstat on December 17, Russia’s beer output declined by 8% in January – November this year as compared to the same
...More info on site
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UK: Beer sales expected to have returned to growth this year
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Sales of beer in the UK are expected to have returned to growth this year, boosted by a warm summer and the World Cup,
...More info on site
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Ukraine: Beer output down 11.2% in January - November
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Ukrainian brewers keep reducing their production. In January – November this, year beer output in Ukraine decreased by 11.2% to 22.5 mln hl as
...More info on site
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Russia: Economy and other troubles make Russians switch from beer to vodka
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The dramatic fall in Russia’s currency this year has squelched the country’s thirst for beer and is expected to send Russians back to their traditional tipple of vodka. The shift is already hurting foreign brewers like Carlsberg; analysts expect the currency swing to cost the company a third of its annual profits, Quartz reported on December 22.
Foreign and domestic brewers alike have been cutting back on their Russian operations, as beer consumption has dropped by an estimated 30% in the last four years. That’s partly due to higher government taxes—until 2011, beer was classified as food, not alcohol. Seven Russian breweries have closed since 2011, including several run by Heineken, Anheuser InBev, and Carlsberg’s Baltika subsidiary.
“In the beginning of 2000s, consumption of vodka was falling every year, replaced by the consumption of beer. The alcohol-abuse-related death rate was also down at the time,” Heineken Russia spokesman Kirill Bolmatov told the Moscow Times.
The shift back toward vodka is also being fueled by new government policies: now that Russia’s economy is struggling more than ever, Vladimir Putin’s government is doing its best to keep citizens from getting too irate. As inflation surged, Russia announced earlier this month that it would not raise
...More info on site
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Canada: Molson Coors set to close its Vancouver beer bottling line
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Molson Coors will close the bottling line and lay off staff at its brewery on Burrard Street in Vancouver, citing changing consumer tastes and government subsidies that favour smaller breweries, theprovince.com reported on December, 18.
The company said its decision was based on “careful consideration and evaluation of the brewery operations, combined with the need to address the changing trends in consumer demand and the overall industry.”
Jennifer Kerr, director of corporate affairs in Ontario and the West for Molson Coors Canada, said she couldn’t disclose how many employees will be affected.
“There’s no immediate impact on staff,” Kerr said.
“They’ve been given notice that it’s happening, but it won’t take effect until the end of the first quarter, which is end of March.”
The company is working to ensure those employees are “well taken care of,” Kerr said.
Molson Coors will continue to bottle beer at its Toronto and Montreal breweries, and will ship bottled products to B.C. based on demand, she said. The Vancouver plant will continue to produce beer in cans and kegs.
A representative for the Brewery, Winery & Distillery Workers Union, Local 300, which represents Molson’s Vancouver employees, was not made available for comment before deadline.
Molson Coors partly attributed lower demand for
...More info on site
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Cyprus: Beer consumption falls 2.3% in January – November this year
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Cyprus domestic beer consumption fell 2.3 per cent to 29.9 million litres between January and November compared to the previous year, , as cheaper imported brands strengthened their market position by expanding sales in retail shops, according to statistics department data.
While beer is a dominant alcoholic beverage of choice among Cypriots, consumers are becoming more discerning pricewise, with the financial crisis taking its toll.
“The decline in consumption mainly comes from the overall reduction of the annual household income of Cypriots,” said Dimitris Siandris, commercial manager for KEO.
Unemployment in Cyprus remained above 15 per cent this year, in which the economy is expected to contract about 2.6 per cent after it shrank 5.4 per cent last year.
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South Korea: Craft beer industry welcomes changes in regulations but there still are many obstacles to overcome
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It’s been nine months since South Korea changed its local brewing laws to allow for more competition in its notoriously flavorless beer market, The Wall Street Journal reported on December 26.
Has the relaxing of government regulations had any real impact on Korea’s fledgling craft beer scene?
A quick look around this holiday season suggests the answer is yes, though craft beer operators still have plenty of complaints about slow changes in regulation — and worries about the encroachment of South Korea’s sprawling chaebols.
At the Devil’s Door, a massive new brewpub in Seoul’s Gangnam neighbourhood, patrons queue up for as long as forty-five minutes for a seat at the bar, which offers a wide selection of craft brews in wine glasses.
The 240-seat pub, which sells India pale ales, pale ales and stout beers made on premises, also serves twenty varieties of bottled craft imports, many of which it brings into the country itself.
But there’s reason for worry too among some small craft brewers in the success of the Devil’s Door. The reason: the pub is the creation of Shinsegae, the local department store giant controlled by the Samsung Group’s Lee family.
In spite of Shinsegae’s insistence that it has no plans to distribute
...More info on site
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Japan: Kirin Holdings announces new CEO as from end March 2015
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Kirin Holdings said on December 22 Yoshinori Isozaki, who currently heads both Kirin Brewery as well as Kirin's other beverage businesses, will become Chief Executive Officer.
He will replace Senji Miyake, who will become Chairman, the group said.
The appointments will become effective from around end March 2015 after general shareholders' meeting.
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Russia: Duma allows ads of locally produced beer and wine on TV and radio
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Russia's lower house of parliament, the State Duma, has passed a bill in the second and third readings that allows ads of beer and wine produced in Russia to be broadcast on television and radio, TASS reported on December 23.
The bill amending the federal law on advertising will become effective on January 1, 2015.
The advertisements may be broadcast from 11 pm to 7 am local time.
Sports radio stations would be allowed to advertise beer and beer-based drinks as well. Although such advertisements would be prohibited during the live or recorded broadcasts of children's sporting events. These restrictions also concern television stations.
Wine ads would be allowed in print periodicals, but not on the front or back covers, first and last pages of newspapers. Wine ads may be broadcast at food exhibitions (excluding exhibitions on baby foods) and public catering fairs.
The ban of any ads of alcohol products on the Internet and mass media came into effect in Russia on January 1, 2013.
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Barley News
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Canada: 2014-15 barley production down 30% to record low 7.1 mln tonnes
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In 2014-15, Canada’s barley production decreased by 30% to a record low of 7.1 mln tonnes due to lower harvested area, as some seeded
...More info on site
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Mercosur: South America may need up to 400,000 tons of overseas barley imports
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The Buenos Aires Grain Exchange estimates that 89,000 ha of barley plantings have been washed out by floods, leaving an acreage of 831,000 ha
...More info on site
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World: World grain markets were volatile in November
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November markets were volatile, their movements often did not respect the so-called fundamentals at all, H. M. Gauger GmbH reported on December 2.
There were
...More info on site
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UK: Barley looks the most profitable choice among spring crops
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Spring barley, which enjoyed a resurgence in UK sowings last year thanks to unusual weather, looks like proving popular in 2015 too - this
...More info on site
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US: Little activity on markets means barley prices will close out this year on steady trend
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With little happening in the feed and malting barley markets, prices will close out the year on a steady trend, Farm & Ranch Guide
...More info on site
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Russia: Russia introduces export duty on wheat as of February 1
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Export duty for Russian wheat will total 15% of its customs value plus 7.5 euro but not less than 35 euro per ton as of February 1, 2015, says a resolution that Prime Minister Dmitry Medvedev signed on December 25.
“The imposition of this export duty is called upon to stabilize the situation on the domestic market of grain,” the governmental press service said in a report.
The export fees apply to the wheat taken outside the territory of the CIS Customs Union countries. The cabinet of ministers plans to publish the full text of the resolution at its official website shortly.
The government has drafted measures towards limiting the exports of Russian grain with the aid of export fees in a bid to prevent a sharp growth of domestic prices for grain, which began to climb after a sharp weakening of the ruble versus major foreign currencies, which prompted the exporters to launch amassed exports.
The growth of grain exports as of July 2014 outpaces the figures for the same period a year ago by 30%, the Ministry of Agriculture said. Over the past seven days alone, the price of wheat went up by 5%.
The Speaker of the upper house of Russian parliament,
...More info on site
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Turkey: Grain production falls because of too dry weather this year
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Turkey’s grain production fell in 2014, official figures showed on December 24, hit by the Middle East’s driest weather in more than a decade, forcing the country to raise its grain imports.
Wheat production was down by 13.8 percent to 19 million tons while barley production was at 6.3 million tons, down more than 20 percent from 2013, the Statistics Institute (TÜİK) said.
Corn output was up slightly by 0.8 percent at 6 million tons.
Turkey has seen food prices soaring this year, the main driver of a stubbornly high inflation, as a region-wide drought hit crop yields in several countries.
Deputy Prime Minister Babacan said Turkey had had the driest summer in 154 years and both the drought and frost earlier in the year had limited supply and pushed up food prices.
Latest official figures for Turkey’s wheat and barley imports are not yet available but European traders say state-grain agency TMO has regularly opened tenders due the country’s drought-reduced harvest.
The country imported just over 4 million tons of wheat last year, according to a TMO report.
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