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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 Scientific digest
RombBullet Business history
RombBullet Agenda
RombBullet News articles

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E-Malt.com Flash 18b
May 04 - May 07, 2017

Quote of the Week

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Currency Rates

Base Currency: Euro
on May 05, 2017
Base Currency: US Dollar
on May 05, 2017
      1 EUR = 1.0927 USD
1 EUR = 0.8477 GBP
1 EUR = 1.5010 CAD
1 EUR = 1.4773 AUD
1 EUR = 123.3100 JPY
1 EUR = 3.4822 BRL
1 EUR = 62.7298 RUB
1 EUR = 7.5350 CNY
      1 USD = 0.9155 EUR
1 USD = 0.7758 GBP
1 USD = 1.3731 CAD
1 USD = 1.3496 AUD
1 USD = 112.7200 JPY
1 USD = 3.1696 BRL
1 USD = 57.5714 RUB
1 USD = 6.8960 CNY

Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend

May 05, 2017
French Barley/Malt
Crop 2016
2RS Malting Barley (FOB Creil) 178.50-180.50 -
6RW Malting Barley (FOB Creil) 161.00-163.00 down0.61%
2RS Malt (FOB Antwerp) 377.50-379.50 -
6RW Malt (FOB Antwerp) 356.50-358.50 down0.34%
Feed Barley (FOB Creil) 138.00-140.00-
French Barley/Malt
Crop 2017
2RS Malting Barley (FOB Creil) 182.50-184.50 down0.54%
6RW Malting Barley (FOB Creil) 162.00-164.00 -
2RS Malt (FOB Antwerp) 377.50-379.50 down0.32%
6RW Malt (FOB Antwerp) 352.50-354.50 -
Feed Barley (FOB Creil) nq 
German Malting Barley
Crop 2016
Ex Farm
Average Malting Barley Price 176.50-178.50 up0.01%
Danish Malting Barley
Crop 2016
Free on truck
Ex Farm
Malting Barley (East) 1,134.00-1,136.00 down0.87%
Malting Barley (West) 1,134.00-1,136.00 down0.87%
Danish Malting Barley
Crop 2017
Free on truck
Ex Farm
Malting Barley (East) 1,214.00-1,216.00 down0.82%
Malting Barley (West) 1,214.00-1,216.00 down0.82%
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 131.00-133.00 -
6-Row Malting Barley, bulk, railcar Minneapolis, Minnesota nq  
6-Row Malt, bulk, railcar Minneapolis, Minnesota nq  
Feed Barley, basis Great Falls, Montana 104.00-106.00 -
-No change; upPrice increase; downPrice decrease versus last publication.

Click here to see our Market Prices History.

Top Industry News

Brewery news World: AB InBev reports surging profits in the first quarter of this year ...Click here
Brewery news World: Carlsberg posts 5% rise in Q1 revenue ...Click here
Brewery news Brazil: Ambev’s Q1 profit misses estimates ...Click here
Brewery news World: AB InBev says SABMiller integration ‘continues at a fast pace’ ...Click here
Brewery news Vietnam: Sabeco’s Q1 new profit up 18.8% yoy ...Click here
Brewery news The Netherlands & USA: Heineken buys remaining 50% of Lagunitas Brewing ...Click here

Barley news China: Barley imports could reach more than 6 mln tonnes this year ...Click here

Hops news USA: Hop acreage up 17% in 2016 and may grow by 9.8% this year ...Click here

More Industry News

Brewery news Bulgaria: Carlsberg Bulgaria increases market share by 5% in Q1 2017 ...Click here
Barley news France: Condition of French barley crop declines again ...Click here
Brewery news South Korea: Sudden increase in beer consumption due to popularity of imported brands ...Click here
Brewery news South Africa: AB InBev to launch Budweiser in South Africa ...Click here
Brewery news Spain & UK: San Miguel sells record beer volume in the UK last year ...Click here
Brewery news The Czech Republic: SABMiller executive Petr Dvorak appointed CEO of Budejovicky Budvar ...Click here
Brewery news India: Mahou India appoints new CEO ...Click here

Graph of the week

Table of the week

Africa Barley Imports, Production, Consumption, and Stocks

Table of the week.
Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

Scientific Digest


A couple of recent studies revealed that the increased bitterness in dry hopped beers is greatly influenced by the formation of humulinones (oxidized hop alpha-acids). Using previously established synthesis methods and preparative liquid chromatography, high-purity extracts of humulinones and hulupones were prepared for sensory testing. A trained flavour descriptive panel found humulinones to be 66% as bitter as iso-alpha-acids, and hulupones to be 84% as bitter as iso-alpha-acids. This study also found that the bitterness intensity of humulinones and hulupones are substantially higher than previous estimates of 35% and 50%, respectively. Whereas iso-alpha-acids were confirmed to be more bitter than oxidized alpha-acids and beta-acids, both hulupones and humulinones were bitter enough to potentially have a significant impact in beer, especially in dry hopped beers. The threshold value of humulinones was found to be around 8 mg/L in unhopped beer.

Algazzali, V.; Bitterness Intensity of Oxidized Hop Acids: Humulinones and Hulupones
Read more

Source: Barth Innovations

These Days in Business History

04 May
1626 - Indians sell Manhattan Island for $24 in cloth and buttons
1878 - Phonograph shown for 1st time at Grand Opera House
1959 - The 1st Grammy Awards are held
1979 - The first modern leveraged buyout using high-yield junk bonds -- a $381 million deal to take Houdaille Industries private -- is completed by Kohlberg, Kravis, Roberts & Co

05 May
1715 - French manufacturer debuts 1st folding umbrella (Paris)
1921 - Miniature newspaper published (Brighton Gazette 10 x 13 cm)
1949 - Council of Europe forms

06 May
1851 - San Francisco Chamber of Commerce starts
1889 - Universal Exposition opens in Paris, Eiffel Tower completed
1927 - Academy of Motion Picture Arts and Sciences forms
1997 - The Bank of England is given independence from political control, the most significant change in the bank's 300-year history

07 May
1664 - Louis XIV of France inaugurates the Palace of Versailles
1955 - West Europe Union established
1979 - 5th UNCTAD-conference opens in Manila
1982 - IBM releases PC-DOS version 1.1
1998 - Mercedes-Benz buys Chrysler for $40 billion USD and forms DaimlerChrysler in the largest industrial merger in history


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 newsWorld: AB InBev reports surging profits in the first quarter of this year
The King of Beers hasn't found a fix yet for Bud Light, MarketWatch reported on May 4.

Anheuser-Busch InBev NV reported surging profit thanks to ...More info on site

Brewery newsWorld: Carlsberg posts 5% rise in Q1 revenue
Carlsberg A/S on May 4 posted a 5% rise in first-quarter revenue as currency gains helped offset a series of business disposals, with the ...More info on site

Brewery newsBrazil: Ambev’s Q1 profit misses estimates
Ambev SA, the Latin American unit of Anheuser Busch Inbev NV, missed first-quarter profit estimates on May 4 as rapid growth in costs offset ...More info on site

Brewery newsWorld: AB InBev says SABMiller integration ‘continues at a fast pace’
Anheuser-Busch InBev said on May 4 that its integration of competing brewer SABMiller, which it acquired last year in a $103 billion takeover, captured ...More info on site

Brewery newsVietnam: Sabeco’s Q1 new profit up 18.8% yoy
Saigon Beer, Alcohol and Beverage Corporation (Sabeco) announced its net profit in the first quarter of 2017 rose 18.8 percent year-on-year to 1.12 trillion ...More info on site

Brewery news The Netherlands & USA: Heineken buys remaining 50% of Lagunitas Brewing
Lagunitas Brewing is selling its remaining 50 percent stake to Heineken International, which will place the California and Chicago-based brewery under full control of the world’s second-largest beer company. Heineken first bought half of Lagunitas in September 2015, the Chicago Tribune reported on May 4.

As a result of the deal, Lagunitas will become Heineken’s lead global craft brand, while its founder and executive chairman, Tony Magee, will take on a newly created role as global craft director for the Dutch company. Heineken owns more than 160 breweries worldwide.

“We’ll look to develop meaningful craft strategies and work with Heineken’s companies around the world to develop and deploy craft — good craft brands in the Lagunitas model,” Magee said.

Magee announced the deal to employees in Petaluma, Calif., on May 4 and to customers in a 1,948-word post on Tumblr, which is how he also announced the first sale.

“Some who don’t fully understand it all may say it is selling out,” Magee wrote. “Truth is that we did then, and are now ‘buying in.’ Money has value and equity has value too. I am using Lagunitas’ equity to buy deeper into an organization that will help us go farther more quickly than ...More info on site

Brewery newsBulgaria: Carlsberg Bulgaria increases market share by 5% in Q1 2017
The Bulgarian unit of Danish brewer Carlsberg said on May 4 its market share in terms of volume grew by 5 percentage points year-on-year ...More info on site

Brewery news South Korea: Sudden increase in beer consumption due to popularity of imported brands
Imported beer sales in South Korea have boomed due to a change in social behavior and a rise in single households, the Drinks International reported on May 4.

According to data by E-Mart, South Korea’s largest retailer, the proportion of beer sales to all alcoholic beverages was 55% in April this year.

Research made by Korea Joongang Daily suggests this dramatic percentage ‘reflects changes in society where more consumers are opting to enjoy light drinks with their families’ instead of ‘binge drinking with colleagues’.

35% of the Korean population live alone and KJD reported that: “The spread of such a trend deriving from growing single households and lone-eaters has also fueled the sale of beer.”

The sudden increase of beer consumption is largely due to the popularity of imported beers, whose sales surged almost 42% to $7.75 million in March and increased by 24.3% in 2016.

According to Korea Customs Service, Korea’s inbound shipments of foreign beers equalled 95,858 tons in 2016, up 34.5% from 2015 and in the same year the country imported 170,919 tons, worth $142 million.

Brewery news South Africa: AB InBev to launch Budweiser in South Africa
Anheuser-Busch InBev plans to launch Budweiser in SA, it said in its March quarter results on May 4.

The group’s overall revenue grew 3.7% to $12.9 bln from the matching quarter in 2016.

Its South African business, gained via its acquisition of SABMiller, grew revenue by "mid-single digits" despite a 1.6% decline in beer volumes.

Anheuser-Busch InBev blamed the drop on "the timing of Easter".

"Castle Lite continues its strong growth in the core plus segment with packaging innovations aimed at improving convenience for in-home consumption. Core brands recovered some of the prior year volume losses to cheap wines and spirits through our commercial initiatives," the company said in its statement.

"The business is well-positioned to grow our global brands, with Stella Artois and Corona already present in the market and plans to launch Budweiser later in the year."

Despite the drop in combined beer volumes, Anheuser-Busch InBev said the "SAB integration continues at a fast pace, with $252 mln of synergies captured in the quarter".

Brewery news Spain & UK: San Miguel sells record beer volume in the UK last year
UK consumers sure love a good Spanish beer. In fact, San Miguel is so popular that sales are on the rise, up by an impressive 9% year-on-year in 2016. As a result, the UK remains one of the company’s top markets, along with Spain, Germany, Italy, and the Nordic countries, Foods and Wines from Spain reported on May 5.

San Miguel in fact sold more than 1,000,000 hectolitres in the UK last year—a new record, it is reported.

The company expects this trend to continue this year and attributes part of the stellar performance to the boom in tourism. Hotel occupancy numbers during Holy Week were extremely positive and expectations are just as high for summer. In fact, Mahou sales expanded by 1.7% in the first quarter of 2017.

The company is looking to expand, and is especially interested in the US market and craft beers, though its managing director notes that there’s no rush and that they’re looking for the right opportunity. At the moment, it exports to over 70 countries worldwide.

Brewery news The Czech Republic: SABMiller executive Petr Dvorak appointed CEO of Budejovicky Budvar
Czech brewer Budejovicky Budvar has appointed former SABMiller executive Petr Dvorak as its new chief executive according to local media.

Dvorak is set to start in his new role immediately, having previously worked as SAB's global brand director for Pilsner Urquell.

Former Budvar CEO Jiri Bocek stepped aside last year due to health reasons, and Petr Zacek has been in place as interim CEO since 1 June 2016.

Last year, Budejovicky Budvar produced what it says was a 'record volume' of beer - a total of 1.615 million hectolitres. This represented a 0.8% year-on-year increase on its 2015 total. In April, the company reported that it has now reached maximum capacity in its facilities.

Brewery news India: Mahou India appoints new CEO
Mahou India, a subsidiary of Spanish brewing major Mahou San Miguel, said on May 4 it has appointed Fernando Bustamante as its Chief Executive Officer.

Bustamante takes over from Erik d'Auchamp, who has been elevated as Managing Director, Mahou San Miguel, a role based out of Madrid, Spain. "India is one of the most competitive beer markets in the world and I hope to drive the business further ahead by building on innovation to give new dimensions to the beer drinking culture in India," Bustamante said.

A graduate in Law from San Pablo CEU University, Fernando has been working with Mahou San Miguel since 1991 in several capacities, and has spent the last 26 years holding various managerial positions in on and off trade business in Spain.

"As we prepare for the next phase of growth, I am confident that Fernando with his proven abilities will be able to lead and build the organisation for future," Erik said.

Mahou Indias portfolio includes three products: Mahou 5 Star, Mahou Clasica and Dare Devil, currently present in 16 states.

BarleyBarley News Barley

Barley newsChina: Barley imports could reach more than 6 mln tonnes this year
China’s barley imports in January-February of this year were 1.473 mln tonnes, of which 1.27 mln tonnes from Australia and 0.2 mln tonnes from ...More info on site

Barley news France: Condition of French barley crop declines again
The condition of French wheat and barley crops declined again last week, farm office FranceAgriMer said on May 5, suggesting a lack of rain was still affecting crops in the European Union's biggest cereal producer.

Dry weather in the past month has raised concern about low moisture levels in France after a very dry winter, although rain has returned to much of France this week.

In its weekly crop report, FranceAgriMer estimated that 74 percent of soft wheat crops were in good or excellent condition as of May 1, compared with 78 percent a week earlier and marking a fourth consecutive weekly decline.

Winter barley was rated 68 percent good or excellent, down from 71 percent a week earlier, while spring barley was rated 77 percent good/excellent against 80 percent in the previous week.

HopsHops News Hops

Hops newsUSA: Hop acreage up 17% in 2016 and may grow by 9.8% this year
Hop acreage in the US has nearly doubled in the last five years driven by consumer tastes for higher hopped beers, despite beer production ...More info on site

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