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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
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RombBullet Theoretical malt prices
RombBullet Business history
RombBullet Agenda
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E-Malt.com Flash 03a
January 18 - January 20, 2016

Quote of the Week

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Joe Namath

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Currency Rates

Base Currency: Euro
on January 20, 2016
Base Currency: US Dollar
on January 20, 2016
      1 EUR = 1.0868 USD
1 EUR = 0.7647 GBP
1 EUR = 1.5750 CAD
1 EUR = 1.5673 AUD
1 EUR = 128.1200 JPY
1 EUR = 4.3758 BRL
1 EUR = 85.2988 RUB
1 EUR = 7.1496 CNY
      1 USD = 0.9182 EUR
1 USD = 0.7022 GBP
1 USD = 1.4507 CAD
1 USD = 1.4483 AUD
1 USD = 117.6500 JPY
1 USD = 4.0470 BRL
1 USD = 78.4862 RUB
1 USD = 6.5778 CNY

Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend

January 20, 2016
Type Crop 2015 Crop 2016
2rs Barley 175.00-177.00 down0.56% 188.00-190.00 down0.53%
6rw Barley 154.00-156.00 - 158.00-160.00 down0.63%
2rs Malt 366.50-368.50 down0.33% 380.50-382.50 down0.32%
6rw Malt 340.50-342.50 - 343.50-345.50 down0.36%
Feed Barley 144.00-146.00down1.36% 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 Latin America: Analysts see aggressive cost-cutting as a must for AB InBev/SABMiller merger ...Click here
Brewery news Japan: Kirin Holding’s operating profit expected to increase thanks to growing popularity of regular beer and other drinks in Japan ...Click here
Brewery news Slovenia: Heineken raises stake in Slovenia’s Pivovarna Laško to 96.92% ...Click here
Brewery news Philippines: San Miguel Corp. planning P80 bln preferred shares offering ...Click here
Brewery news Colombia: Molson Coors Brewing enters Colombia’s beer market ...Click here
Brewery news Zimbabwe: Delta Corporation’s Q3 revenue down 5% ...Click here

More Industry News

Brewery news South Africa: AB InBev may consider local production in the future - analyst ...Click here
Brewery news Australia: Last year was a good one for Cooper Brewery’s shareholders ...Click here
Brewery news China: Consumers swap mass-produced local beers for imports and local craft beers ...Click here
Brewery news Russia: New generation of craft beer geeks working to change Russia’s approach to beer ...Click here
Brewery news Japan: Beer companies shifting focus to regular beer ...Click here
Brewery news India: United Breweries Ltd launches malt-based alcopop amid slump in demand for beer ...Click here
Brewery news Myanmar: Carlsberg agrees to change transliteration of its Tuborg Beer labels ...Click here

Graph of the week

Table of the week

World Hop Alpha Supply and Demand

Table of the week.
Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

These Days in Business History

18 January
1840 - Electro-Magnetic Intelligencer, 1st US electrical journal, appears
1980 - Gold reaches $1,000 an oz
1989 - IBM announces earnings up 10.4% in 1988

19 January
1898 - Edward Crosby Johnson II, future founder of Fidelity Management & Research Co., is born in Milton
1938 - GM began mass production of diesel engines
1992 - IBM announces a nearly $5B loss for 1992

20 January
1781 - 1st edition of Pieter It Hoens "Post of Neder-Rhijn" published
1872 - Californian Stock Exchange Board organized
1995 - Russian ruble drops to 3,947 per dollar (record)


World Beer Cup 2016

February 2016:
05-07: Alltech Craft Brews & Food Fair 2016 (Dublin, Ireland)
06-07: Bruges Beer Festival 2016 (Bruges, Belgium)
17-20: Camra's National Winter Ales Festival 2016 (Derby, UK)
19-21: Finest Spirits 2016 (Munich, Germany)
20-23: Beer Attraction 2016 (Rimini, Italy)
26-28: Brau Kunst Live 2016 (Munich, Germany)

March 2016:
01-03: ProPak Vietnam 2016 (Ho Chi Minh City, Vietnam)
04-06: Barcelona Beer Festival 2016 (Barcelona, Spain)
07-09: VLB Brewing and Engineering Conference 2016 (Soest, Germany)
09-12: Brazilian Beer Festival 2016 (Blumenau, Brazil)
14-18: IBD Asia Pacific Convention 2016 (Sydney, Australia)
16-18: BeerX 2016 (Sheffield, UK)
16-18: Expo Antad & Alimentaria Mexico 2016 (Mexico City, Mexico)
23-25: St. Petersburg Brewers Forum 2016 (St. Petersburg, Russia)

April 2016:
03-07: Trends in Brewing 2016 (Ghent, Belgium)
07-09: Warsaw Beer Festival 2016 (Warsaw, Poland)
13-15: Siberian Beer 2016 (Novosibirsk, Russia)
15-16: Helsinki Beer Festival 2016 (Helsinki, Finland)
23-24: Zythos Beer Festival 2016 (Leuven, Belgium)
Zythos Beer Festival 2016

May 2016:
03-06: Craft Brewers Conference & BrewExpo America 2016 (Philadelphia, USA)
17-20: Beer (Pivo) 2016 (Sochi, Russia)
18-19: Brewing Equipment and Technology 2016 (Birmingham, UK)
19-21: Copenhagen Beer Festival 2016 (Copenhagen, Denmark)
20-18 June: Great Australian Beer Spectacular (GABS) 2016 (Melbourne - Sydney - Auckland, Australia)
25-29: Latvia Beer Fest 2016 (Riga, Latvia)

June 2016:
08-12: Mondial de la Biere 2016 (Montreal, Canada)
09-11: South Beer Cup 2016 (Curitiba, Brazil)
14-16: Shanghai International Brew & Beverage Manufacturing Technology and Equipment 2016 (Shanghai, China)

July 2016:
07-10: Artbeerfest 2016 (Caminha, Portugal)
13-15: ProPack China 2016 (Shanghai, China)

August 2016:
05-07: The 20th International Berlin Beer Festival (Berlin, Germany)
09-13: The Great British Beer Festival 2016 (London, UK)
10-13: Vietfood & Beverage - ProPack 2016 (Ho Chi Minh, Vietnam)
13-17: World Brewing Congress 2016 (Denver, USA)

September 2016:
08-10: Irish Craft Beer Festival 2016 (Dublin, Ireland)
14-15: Food and Drink Technology Africa 2016 (Johannesburg, South Africa)
19-03 October: Oktoberfest 2016 (Munich, Germany)
24-25: Whisky Live Paris 2016 (Paris, France)
26-28: VLB Ibero-American VLB Symposium 2016 (Santiago de Chile, Chile)
28-30: Beer and Soft Drinks Industry - 2016 (Kyiv, Ukraine)
29-01 October: Stockholm Beer & Whisky Festival 2016 (Stockholm, Sweden)

October 2016:
06-08: Stockholm Beer & Whisky Festival 2016 (Stockholm, Sweden)
06-08: Great American Beer Festival 2016 (Denver, USA)
11-14: China Brew, China Beverage 2016 (Shanghai, China)
21-23: The Finest Spirits & Beer Convention 2016 (Bochum, Germany)

November 2016:
08-10: Brau Beviale 2016 (Nuremberg, Germany)
09-12: Vietfood & Beverage - ProPack 2016 (Hanoi, Vietnam)

December 2016:
15-17: drink technology India 2016 (Mumbai, India)

More events are available on site e-malt.com

BreweryBrewery News Brewery

Brewery newsLatin America: Analysts see aggressive cost-cutting as a must for AB InBev/SABMiller merger
The $107.9 bln brewing giant that has resulted from AB InBev’s takeover of SABMiller will depend for its success on aggressive cost-cutting in Latin ...More info on site

Brewery newsJapan: Kirin Holding’s operating profit expected to increase thanks to growing popularity of regular beer and other drinks in Japan
Kirin Holdings' group operating profit is expected to jump almost 10% in 2016 to over 130 billion yen ($1.1 billion) on the growing popularity ...More info on site

Brewery newsSlovenia: Heineken raises stake in Slovenia’s Pivovarna Laško to 96.92%
Dutch brewer Heineken has increased its share in Pivovarna Laško, Slovenia’s largest brewery from 51.11 per cent to 96.92 per cent, ESM reported on ...More info on site

Brewery news Philippines: San Miguel Corp. planning P80 bln preferred shares offering
San Miguel Corp. (SMC) has unveiled a plan to raise some P80 billion from the sale of preferred shares, the diversified conglomerate said in a disclosure to the stock exchange on January 14.

SMC intends to seek regulatory approval for the shelf registration of up to P80 billion worth of Series 2 preferred shares, or 1.066 billion shares at a price of P75 apiece. The shares will be issued for a period of three years.

The first tranche of the offer will involve the sale of 400 million preferred shares, yielding up to P30 billion, San Miguel said.

The company, however, did not indicate the timing of the issuance or how it intends to use the proceeds from the share sale.

SMC President and Chief Operating Officer Ramon S. Ang had said in October the company may raise as much as $1 billion from the sale of preferred shares to repay dollar debt.

In September, SMC raised P33.5 billion by selling preferred shares at P75 apiece to partly refinance P54 billion worth of similar securities due that month. Investors swamped that offering, which was five times oversubscribed.

San Miguel has some $13 billion equivalent of bonds and loans outstanding, according to data compiled by Bloomberg. Of ...More info on site

Brewery newsColombia: Molson Coors Brewing enters Colombia’s beer market
Molson Coors Brewing Co. has joined a group of brewers trying to grab a piece of SABMiller Plc’s near-monopoly of Colombia’s beer market, ESM ...More info on site

Brewery newsZimbabwe: Delta Corporation’s Q3 revenue down 5%
Delta Corporation, Zimbabwe’s biggest company by market capitalisation, said revenue fell five percent in the third quarter as a “nascent recovery” in the previous ...More info on site

Brewery news South Africa: AB InBev may consider local production in the future - analyst
Brewing giant AB InBev, which listed on the JSE on January 15, could in future consider local production of some of its brands to make them accessible in the South African market, according to Chris Gilmour, an analyst at Absa Asset Management: Private Clients, quoted as saying by AllAfrica.

AB InBev has made an offer to acquire SABMiller for approximately £68 bln in one of the largest deals of all time. While AB InBev is the world's largest beer maker, its brands - which include Stella Artois, Budweiser and Corona - are not well known in South Africa. Most South Africans got to know Budweiser during the 2010 Fifa World Cup as Budweiser was a sponsor.

Speaking after AB InBev's listing on the JSE, Gilmour said the company could make its brands accessible through local production. "Instead of cutting jobs, the deal could create more jobs," he said.

Local production could also reduce the price of the beer brands currently selling at a premium in the local market, he said.

In his brief address during the listing ceremony, AB InBev CEO Carlos Brito said the listing was a demonstration of the company's commitment to South Africa and Africa that he said was central to ...More info on site

Brewery news Australia: Last year was a good one for Cooper Brewery’s shareholders
The past year was a good one for those affiliated with the Cooper family and their beer business started by Thomas Cooper in 1862, with the tight-knit grouping of Coopers Brewery shareholders reaping over A$13 million in dividends, The Australian reported on January 20.

Coopers Brewery’s tiny shareholder base — numbering less than 150 investors, of whom 90 per cent are linked via birth or marriage to the brewer’s founder — has received a strong flow of dividend payments from stakes in the nation’s biggest independent brewery.

Coopers shareholders pocketed an average of about A$91,500 each for 2015, spread over two dividend payments.

The brewer’s board, dominated by members of the Cooper family, paid A$6 interim and A$6 final dividends to shareholders, totalling A$13.725 mln.

The payout equalled the A$6 interim and A$6 final dividends handed out in 2014 and comes as the South Australian brewer battled a 40-year, industry-wide ­decline in beer consumption.

Nonetheless, late last year Coopers Brewery, which accounts for about 5 per cent of the national beer market, announced that its total beer sales for 2014-15 had increased 4.7 per cent to 78.8 million litres, the 22nd consecutive year of growth. That increase helped the business’s revenue rise to A$235.1 mln, ...More info on site

Brewery news China: Consumers swap mass-produced local beers for imports and local craft beers
When Jin Xin first started selling imported premium beer a decade ago, his bar manager predicted that it would take a month or two just to sell a single case. But within a few years business picked up, and soon customers started frequenting the bar for its India pale ales and other European beers, NDTV Food reported on January 16.

Now, one of Jin’s bars, NBeerPub, tucked away in a laid-back part of Beijing’s old town, buzzes with young Chinese customers ordering imports like Delirium Tremens, Lindemans Framboise and Brewdog Punk IPA. Jin even sold a bottle of Brewmeister Snake Venom, a high-alcohol barleywine-style beer from Scotland, for about 2,700 renminbi, or more than $420.

“Slowly, Chinese people have more money in their pocket,” Jin, 43, said in his apartment, where over 6,000 bottles from more than 60 countries filled the shelves. “After they have money, some want something better in terms of taste as well as lifestyle, especially young people.”

As tastes rapidly change, Chinese consumers are swapping mass-produced local beers for imports and local craft beers.

It is the type of opportunity that is at the heart of Anheuser-Busch InBev’s $106 billion deal to buy SABMiller, its rival global brewer. While major ...More info on site

Brewery news Russia: New generation of craft beer geeks working to change Russia’s approach to beer
It is a drizzly Monday night, but Craft rePUBlic is boisterous with the chatter of brewers and beer aficionados. Those just walking in are greeted with a half pint of Red Nelson, a saison beer made with hibiscus tea and orange peel by local brewer Alexei Sazonov, who is celebrating his birthday at the craft beer bar, The Guardian reported on January 17.

Sazonov works at Bottle Share, one of a growing number of microbreweries driving what has been dubbed the “craft revolution” in Russia, but he created Red Nelson at home under his nickname, Big Hedgehog. Sazonov says of the major Russian beer brands, whose bland lagers dominate store shelves and taps: “They boil it quickly, ferment it quickly and sell it quickly. A microbrewer brews beer he wants to drink himself.”

Russia, of course, is known for vodka rather than beer, and a popular saying holds that “beer without vodka is throwing money to the wind”. According to the latest World Health Organisation data from 2010, 51% of alcohol consumed in Russia was spirits and only 38% was beer. This vodka culture has had deadly consequences for Russian men, whose average life expectancy of just 64 years lags behind that ...More info on site

Brewery news Japan: Beer companies shifting focus to regular beer
Beer companies in Japan are shifting the focus of their sales efforts from low-malt beer and “third-segment” quasi-beer to regular beer, in expectation of an upcoming tax reduction that would boost demand for regular beer, Toronto Star reported on January 15.

The number of beer shipments in 2015, announced on January 14 by major beer companies, increased 0.1 per cent from the previous year, the first rise in 19 years.

However, the total shipment volume of beer and beer-like drinks including low-malt beer fell for the 11th year in a row.

“We concentrated our resources on Kirin Ichiban Shibori beer, and the efforts have begun to bear fruit,” Kirin Brewery President Takayuki Fuse said at a briefing session on the company’s business plan held on Jan. 8. The volume of beer shipped by the company in 2015 increased from the previous year for the first time in 21 years.

Kirin Brewery had been strengthening its overseas business on the assumption that the domestic market was contracting. However, the company now attributes declining sales to a lack of focus on the domestic market. Last year, Kirin Brewery regained lost ground by, among other measures, investing about 100 billion yen (about $856,238,000) in advertising and promotions ...More info on site

Brewery news India: United Breweries Ltd launches malt-based alcopop amid slump in demand for beer
India’s largest beer maker is offering a choice to consumers who can’t stand the beer’s bitter taste. United Breweries Ltd has just launched a malt-based alcopop—called the Kingfisher Buzz—that aims to take on the Bacardi Breezer, a fruit wine-based drink much favoured by young women, Livemint reported on January 20.

Faced with a prolonged slump in the demand for beer, United Breweries anticipates young drinkers, especially women, will spend more on malts and beers that are flavoured.

“There are enough young above-legal-age people who don’t like drinking beer,” said Samar Singh Sheikhawat, senior vice-president, marketing, United Breweries. “Say women—we have nothing in our portfolio that is for women.”

Indian liquor companies have been swiftly expanding their portfolio of alcopops, with rum and vodka makers such as Bacardi and Radico Khaitan Ltd adding flavours to low alcohol drinks that come in attractive bottles. Still, it’s a fairly small category in India.

United Breweries, which makes more than half the beer sold in India, is trying to fend off rivals such as Carlsberg and AB InBev that have been gaining share in a market that has seen sluggish growth over the past few quarters.

The launch, its second in less than 12 months—it launched a premium version ...More info on site

Brewery news Myanmar: Carlsberg agrees to change transliteration of its Tuborg Beer labels
Danish brewer Carlsberg Group announced on January 19 that it will change the Burmese transliteration of its Tuborg Beer labels following a dispute over intellectual property.

Carlsberg launched the beverage in Myanmar last April, using the name “Tu Po” in Burmese script on its products. The name is spelled and pronounced the same as the title a beloved song associated with Thingyan, the country’s biggest cultural festival.

The family of the songwriter, Myoma Nyein, said last week that it would sue the company if it did not change its labeling. The family claimed that Carlsberg preferred the phrase Tu Po over a more accurate transliteration in order to capitalize on the song’s popularity.

“In light of the claims of the relatives of the late Sayar Myoma Nyein and the general debate around the use of ‘Tu Po’ in the marketing of Tuborg Beer, we will discontinue the use of this spelling going forward and, to avoid any future misinterpretation, the Danish brand name ‘Tuborg’ will be used in Myanmar,” the company said in a statement.

“We are taking immediate steps to implement the necessary modifications and will endeavor to have this completed before Thingyan,” it continued, though Myoma Nyein’s family had initially requested that ...More info on site

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