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E-Malt.com NewsLetter
Flash Summary

RombBullet Quote of the week
RombBullet Currency rates
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 Business history
RombBullet Agenda
RombBullet News articles

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E-Malt.com Flash 14b
April 06 - April 09, 2017

Quote of the Week

He was a wise man who invented beer.

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Currency Rates

Base Currency: Euro
on April 07, 2017
Base Currency: US Dollar
on April 07, 2017
      1 EUR = 1.0666 USD
1 EUR = 0.8559 GBP
1 EUR = 1.4322 CAD
1 EUR = 1.4103 AUD
1 EUR = 118.2300 JPY
1 EUR = 3.3232 BRL
1 EUR = 60.0827 RUB
1 EUR = 7.3577 CNY
      1 USD = 0.9379 EUR
1 USD = 0.8013 GBP
1 USD = 1.3429 CAD
1 USD = 1.3241 AUD
1 USD = 110.6700 JPY
1 USD = 3.1213 BRL
1 USD = 56.4369 RUB
1 USD = 6.8971 CNY

Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend

April 07, 2017
French Barley/Malt
Crop 2016
2RS Malting Barley (FOB Creil) 179.50-181.50 -
6RW Malting Barley (FOB Creil) 161.00-163.00 -
2RS Malt (FOB Antwerp) 378.50-380.50 -
6RW Malt (FOB Antwerp) 356.00-358.00 -
Feed Barley (FOB Creil) 135.00-137.00down0.73%
French Barley/Malt
Crop 2017
2RS Malting Barley (FOB Creil) 180.50-182.50 down0.55%
6RW Malting Barley (FOB Creil) 157.00-159.00 up0.64%
2RS Malt (FOB Antwerp) 375.00-377.00 down0.33%
6RW Malt (FOB Antwerp) 346.50-348.50 up0.36%
Feed Barley (FOB Creil) nq 
German Malting Barley
Crop 2016
Ex Farm
Average Malting Barley Price 176.00-178.00 down0.01%
Danish Malting Barley
Crop 2016
Free on truck
Ex Farm
Malting Barley (East) 1,149.00-1,151.00 -
Malting Barley (West) 1,149.00-1,151.00 -
Danish Malting Barley
Crop 2017
Free on truck
Ex Farm
Malting Barley (East) 1,169.00-1,171.00 -
Malting Barley (West) 1,169.00-1,171.00 -
Canadian Barley/Malt
Crop 2016
2-Row Malting Barley, bulk, truck/railcar, Winnipeg 319.00-321.00 -
2-Row Malting Barley, bulk in store, Vancouver 329.00-331.00 -
6-Row Malting Barley, bulk, truck/railcar, Winnipeg nq  
2-Row Malt, bulk, truck/railcar, Winnipeg 573.00-575.00 -
2-Row Malt, bulk in store, Vancouver 593.00-595.00 -
6-Row Malt, bulk, truck/railcar, Winnipeg nq  
Feed Barley, basis Lethbridge 162.00-164.00 -
Feed Barley, basis Winnipeg 162.00-164.00 -
Feed Barley, bulk in store, Vancouver 222.00-224.00 -
US Barley/Malt
Crop 2016
2-Row Malting Barley, bulk, railcar Great Falls, Montana 132.00 -
6-Row Malting Barley, bulk, railcar Minneapolis, Minnesota nq  
6-Row Malt, bulk, railcar Minneapolis, Minnesota nq  
Feed Barley, basis Great Falls, Montana 105.00 -
-No change; upPrice increase; downPrice decrease versus last publication.

Click here to see our Market Prices History.

Top Industry News

Brewery news USA: Beer continues to boost Constellation Brands annual results ...Click here
Brewery news Vietnam: Sabeco aiming to increase sales by 3% this year ...Click here
Brewery news Côte d’Ivoire: HEINEKEN and CFAO open state of the art brewery in Côte d’Ivoire ...Click here
Brewery news USA: Constellation Brands CEO "extremely optimistic" about the company ...Click here
Brewery news UK: Diageo’s Northern Ireland business performs satisfactorily in FY2016 ...Click here
Brewery news Angola: Refriango invests more than $50 mln in construction of the first phase of its brewery in Angola ...Click here

More Industry News

Brewery news UK & Ireland: Cans of Guinness could be an unexpected casualty of Brexit ...Click here
Brewery news USA: Maryland’s brewers, beer wholesalers and bar owners reach agreement on legislation that would make possible Guinness brewery attraction in the state ...Click here
Brewery news USA: MillerCoors CEO made about $5.5 mln last year ...Click here

Graph of the week

Table of the week

EU Malting Barley Supply and Demand Estimate 2017/18

Table of the week.
Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

These Days in Business History

06 April
1869 - 1st plastic, Celluloid, patented
1909 - 1st credit union forms in US
1992 - Microsoft announced Windows 3.1, upgrading Windows 3.0

07 April
1348 - Prague University, 1st university in central Europe, formed by Charles IV
1902 - Texaco, Oil Company forms
1927 - First long-distance public television broadcast (from Washington, D.C., to New York City, displaying the image of Commerce Secretary Herbert Hoover)
1933 - Prohibition in the United States is repealed for beer of no more than 3.2% alcohol by weight, eight months before the ratification of the XXI amendment
1948 - World Health Organization forms by U.N.
1964 - IBM announces the System/360
1969 - The Internet's symbolic birth date: publication of RFC 1
1999 - The World Trade Organization rules in favor of the United States in its long-running trade dispute with the European Union over bananas

08 April
1862 - John D. Lynde patents aerosol dispenser
1904 - John R Hicks is born, British economist (Nobel 1972)
1908 - Harvard University votes to establish the Harvard Business School
1946 - Electricite de France, the world's largest utility company, is formed as a result of the nationalisation of a number of electricity producers, transporters and distributors

09 April
1799 - Income Tax introduced in UK
1957 - The Suez Canal in Egypt is cleared and opens to shipping
2007 - Apple Computer unveils the revolutionary iPhone


April 2017:
07-08: Helsinki Beer Festival 2017 (Helsinki , Finland)
10-13: Craft Brewers Conference & BrewExpo America 2017 (Washington, D.C., USA)
12-14: Siberian Beer 2017 (Novosibirsk, Russia)
22-23: Zythos Beer Festival 2017 (Leuven, Belgium)

May 2017:
14-18: EBC 2017 (Ljubljana, Slovenia)
16-19: Beer 2017 (Sochi, Russia)
18-20: Copenhagen Beer Festival 2017 (Copenhagen, Denmark)
25-27: South Beer Cup 2017 (Buenos Aires, Argentina)

June 2017:
06-07: Brewing Equipment and Technology 2017 (Birmingham, UK)
11-13: Brewing Conference Bangkok 2017 (Bangkok, Thailand)
14-18: Mondial de la Biere 2017 (Montreal, Canada)

July 2017:
08: Beer Boot Camp 2017 (Johannesburg, South Africa)
15: Beer Boot Camp 2017 (Cape Town, South Africa)
26-28: Brasil Brau 2017 (Sao Paulo, Brazil)

August 2017:
04-06: The 21st International Berlin Beer Festival (Berlin, Germany)
08-12: The Great British Beer Festival 2017 (London, UK)
09-12: Vietfood & Beverage 2017 (Ho Chi Minh City, Vietnam)

September 2017:
03-06: 18th Australian Barley Technical Symposium (Hobart, Tasmania)
07-09: Irish Craft Beer Festival 2017 (Dublin, Ireland)
11: International MicroBrew Symposium 2017 (Munich, Germany)
11-15: drinktec 2017 (Munich, Germany)
16-03 October: Oktoberfest (Munich, Germany)
23-24: Whisky Live Paris 2017 (Paris, France)

October 2017:
16-17: 104 VLB October Convention 2017 (Berlin, Germany)
23-25: 8th Ibero-American VLB Symposium 2017 in Guatemala (Guatemala City)

November 2017:
22-23: Craft Beer Italy 2017 (Milan, Italy)

More events are available on site e-malt.com

BreweryBrewery News Brewery

Brewery news USA: Beer continues to boost Constellation Brands annual results
Beer continues to be the big growth driver for Constellation Brands.

On April 6, the wine, spirits and beer maker reported its annual earnings, which were boosted by $4.2 billion in net beer revenues for the fiscal year ending February 28, a 17 percent increase over the prior year.

“Our beer business continues to be a powerhouse for growth,” Constellation Brands CEO Rob Sands said in a press release. “We exceeded our profit and margin goals for the year. These excellent results were driven by solid performance for every brand in our portfolio, which resulted in Constellation being the No. 1 growth contributor to the U.S. beer industry for the year.”

Organic net beer sales increased 13 percent on the year due to volume growth and pricing as well as an acquisition benefit from the $1 billion deal to purchase California-based craft brewery Ballast Point. Constellation’s beer shipments increased 11.1 percent for the year with depletions growing 10.4 percent.

In the fourth quarter alone, net beer sales increased by 11 percent, to $891.2 million, and depletions grew 6.2 percent.

In the release, Sands highlighted Constellation’s “industry-leading depletion growth” of around 10 percent during the first the months of the 2017 calendar year, despite a “challenging ...More info on site

Brewery newsVietnam: Sabeco aiming to increase sales by 3% this year
Vietnam's biggest brewer Sabeco is aiming to push sales to more than 1.7 billion litres this year, an increase of 3 percent against 2016, ...More info on site

Brewery newsCôte d’Ivoire: HEINEKEN and CFAO open state of the art brewery in Côte d’Ivoire
HEINEKEN and CFAO on April 5 opened a state of the art brewery constructed by their joint venture, Brassivoire, in the Anyama industrial zone, ...More info on site

Brewery news USA: Constellation Brands CEO "extremely optimistic" about the company
Constellation Brands' stock is flying, and CEO Robert Sands said he is "extremely optimistic" about the company's 2017 prospects despite Wall Street's nail-biting about a potential tax on U.S. imports, CNBC reported on April 7.

"We're not going to sit around and worry too much or try to base our decision[-making] on the probability of this occurring," Sands told "Mad Money" host Jim Cramer on April 6.

And while the company has planned for whatever happens with the border tax, Sands has higher priorities as the CEO of the fastest-growing consumer packaged goods company in the United States.

Sands said the decision to use temporary fourth-quarter weakness as an opening to buy back over 1 billion shares of Constellation's stock, which hit an all-time high on April 6, was strategic.

"We bought back [1.1 billion] of our own stock at average price of about $151 and here we sit today at the moment at $171, so it's looking like a good decision," Sands said.

Constellation is no stranger to strategy. The impressive growth trajectory of one of the company's Mexican beer brands, Pacifico, could make it Constellation's next big hit, Sands said.

"All of a sudden, the growth on Pacifico has jumped up to high-double-digit growth, ...More info on site

Brewery news UK: Diageo’s Northern Ireland business performs satisfactorily in FY2016
Diageo said the company's Northern Ireland business performed satisfactorily in a competitive marketplace after posting pre-tax profits of £2.7 mln, the Belfast Telegraph reported on April 6. The Guinness owner stressed that a drop in turnover to £111 mln for the year ending June 2016, down from £122 mln, was "driven mostly by the disposal of certain brands and a reduction in spirits volumes".

The drinks giant sold off its Bushmills brand in 2014 to Casa Cuervo.

Diageo, which also owns Smirnoff, Harp and Baileys, acquired Tequila Don Julio from Casa Cuervo in Mexico in return for the whiskey.

In its latest Northern Ireland accounts, Diageo said: "The business performed satisfactorily in the year in a competitive market place for both beers and spirits.

"The business grew volumes in the beer category while turnover was depressed by lower pricing."

The company also insisted it maintained profits by "effective price control".

Diageo's accounts show that the bulk of its sales in Northern Ireland remained in beer, with £84.2 mln of turnover. That was bolstered by strong Guinness sales.

Its spirits business made up £26.8 mln of overall turnover.

Overall, pre-tax profits fell from £3 mln in 2015, to £2.7 mln.

The company employed an average of 142 workers across sales ...More info on site

Brewery news Angola: Refriango invests more than $50 mln in construction of the first phase of its brewery in Angola
An investment of more than US$50 million made by Angolan beverage company Refriango in the construction of the first phase of a factory to make Tigra beer has made it possible to replace 60 million litres of annual imports, said the company’s chairman, Macauhub reported.

Estevão Daniel also told Angolan news agency Angop that this project will help to attract others in related areas such as packaging raw materials for the production of the beverages and technical services.

“The beverage sector, due to the development already noted in Angola, opens up opportunities for integration in the value chain, and is thus of high strategic interest in terms of economic diversification,” he said.

The chairman of Refriango also said that expansion of the new plant, with an additional investment of about US$32 million, will triple initial beer production capacity.

Refriango specializes in the production and distribution of juices, soft drinks, water, energy drinks and alcoholic beverages, and has a portfolio of 15 brands, some of which are market leaders in their segments, such as soda brand Blue, water brand Pura, juice brands Nutr and Tutti and Welwitschia tonic water.

The company owns one of the largest factories in Africa, with an annual production capacity of 1.9 ...More info on site

Brewery news UK & Ireland: Cans of Guinness could be an unexpected casualty of Brexit
Cans of Guinness could be an unexpected casualty of Brexit if a new customs border or tariffs are introduced between the Republic and Northern Ireland when the UK leaves the European Union, it has emerged.

Guinness is one of Ireland’s most famous exports but Brexit will have a direct impact on its production as the black stuff crosses the Irish border twice before being shipped from Dublin to Britain and beyond, The Guardian reported on April 7.

The stout is made at the St James’s Gate brewery in Dublin. The drink is then pumped into tankers, known as “silver bullets”, and driven 90 miles to east Belfast where it is canned and then sent back to Dublin Port for onward distribution.

Diageo, the Guinness owner, confirmed in a Bloomberg report on April 7 that it had estimated a so-called “hard border” could cause delays of between 30 minutes and an hour, costing an extra €100 (£85) for each lorry-load of Guinness.

Each year the company makes 13,000 beer-related border crossings in Ireland and Guinness contingency plans estimate the delays could amount to €1.3 mln in additional costs a year.

Diageo would either be forced to absorb that cost or pass it on to the consumer ...More info on site

Brewery news USA: Maryland’s brewers, beer wholesalers and bar owners reach agreement on legislation that would make possible Guinness brewery attraction in the state
Maryland's brewers, beer wholesalers and bar owners reached an agreement on legislation on April 7 that would allow a Guinness brewery attraction to open in Baltimore County and let craft breweries sell more beer in their taprooms, the Baltimore Sun reported.

But the legislation still must clear multiple hurdles before the end of the General Assembly session on Monday, April 10.

The compromise bill would allow production breweries — including the proposed Guinness facility — to sell significantly more beer in their in-house taprooms, and some of that beer could be produced off-site. In exchange, new breweries would have limited hours.

The legislation won approval on April 7 from the state Senate committee that handles alcohol issues, then flew through the full Senate on a 45-1 vote. It now heads to the House of Delegates, which must agree to the Senate's changes before the 90-day legislative session ends at midnight on April 10.

"We're happy we can move forward," said Dwayne Kratt, senior director of state government affairs for Diageo, the international liquor company that owns the Guinness beer brand.

Negotiations have been going on for weeks among Diageo; the Brewers Association of Maryland, which represents independent brewers; the Maryland Beer Wholesalers Association; and the ...More info on site

Brewery news USA: MillerCoors CEO made about $5.5 mln last year
CEO Gavin Hattersley, the man at the helm of MillerCoors' ongoing turnaround mission, made about $5.5 million in total compensation last year, according to filings with the Securities and Exchange Commission on April 5.

Hattersley's compensation — a mix of base salary, stock and option awards, incentive pay and pension value — more than doubles his $2.4 million in compensation from 2015, when he was promoted to MillerCoors CEO. Hattersley was previously chief financial officer for parent company Molson Coors.

Chicago-based MillerCoors is now solely owned by Molson Coors. Last year, SABMiller sold its 58 percent stake in MillerCoors to Molson Coors, which already owned the rest, for $12 billion — a key divestiture for Anheuser Busch InBev as it acquired SABMiller in the $108 billion "megabrew" deal.

Under Hattersley's leadership, MillerCoors is trying to stop the volume sales decline by 2018 and return to growth by 2019.

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