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E-Malt.com Flash 42b
October 19 - October 22, 2017
Quote of the Week
The best beer in the world is the open bottle in your hand.
Danny Jansen
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Currency Rates
Base Currency: Euro
on October 20, 2017 |
Base Currency: US Dollar
on October 20, 2017 |
| |
1 EUR = 1.1834 USD
1 EUR = 0.8982 GBP
1 EUR = 1.4743 CAD
1 EUR = 1.5033 AUD
1 EUR = 133.1800 JPY
1 EUR = 3.7561 BRL
1 EUR = 67.9333 RUB
1 EUR = 7.8310 CNY
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|
1 USD = 0.8457 EUR
1 USD = 0.7587 GBP
1 USD = 1.2473 CAD
1 USD = 1.2711 AUD
1 USD = 112.6900 JPY
1 USD = 3.1700 BRL
1 USD = 57.5706 RUB
1 USD = 6.6217 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| October 20, 2017 |
French Barley/Malt
Crop 2017
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
191.50-193.50 |  |
| 6RW Malting Barley (FOB Creil) |
159.00-161.00 |  0.62% |
| 2RS Malt (FOB Antwerp) |
389.50-391.50 | |
| 6RW Malt (FOB Antwerp) |
350.00-352.00 | 0.35% |
| Feed Barley (FOB Creil) |
150.00-152.00 | |
French Barley/Malt
Crop 2018
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
192.50-194.50 | |
| 6RW Malting Barley (FOB Creil) |
160.00-162.00 | |
| 2RS Malt (FOB Antwerp) |
390.00-392.00 | |
| 6RW Malt (FOB Antwerp) |
350.00-352.00 | |
| Feed Barley (FOB Creil) |
nq | |
German Malting Barley
Crop 2017
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
187.50-189.50 |  0.19% |
Danish Malting Barley
Crop 2017
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,274.00-1,276.00 | 0.78% |
| Malting Barley (West) |
1,274.00-1,276.00 | 0.78% |
Danish Malting Barley
Crop 2018
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,244.00-1,246.00 | 0.80% |
| Malting Barley (West) |
1,244.00-1,246.00 | 0.80% |
Canadian Barley/Malt
Crop 2017 |
CAD/T |
% |
| 2-Row Malting Barley, bulk, truck/railcar, Winnipeg |
294.00-296.00 |
|
| 2-Row Malting Barley, bulk in store, Vancouver |
313.00-315.00 |
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| 6-Row Malting Barley, bulk, truck/railcar, Winnipeg |
nq |
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| 2-Row Malt, bulk, truck/railcar, Winnipeg |
561.00-563.00 |
|
| 2-Row Malt, bulk in store, Vancouver |
587.00-589.00 |
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| 6-Row Malt, bulk, truck/railcar, Winnipeg |
nq |
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| Feed Barley, basis Lethbridge |
207.00-209.00 |
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| Feed Barley, basis Winnipeg |
207.00-209.00 |
|
| Feed Barley, bulk in store, Vancouver |
270.00-272.00 |
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US Barley
Crop 2017 |
USD/T |
% |
| 2-Row Malting Barley, bulk, railcar Great Falls, Montana |
159.00-161.00 |
|
| 6-Row Malting Barley, bulk, railcar Minneapolis, Minnesota |
218.00-220.00 |
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| Feed Barley, basis Great Falls, Montana |
109.00-111.00 |
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| Feed Barley, basis Minneapolis, Minnesota |
95.00-97.00 |
|
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No change;
Price increase;
Price decrease versus last publication.
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Click here to see our Market Prices History.
The Czech Republic: Plzeňský Prazdroj investing over CZK280 mln in expanding its production facilities
...Click here
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Greece: Carlsberg’s Olympic Brewery invests in new production line at its Thessaloniki plant
...Click here
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EU: European malting barley markets quiet this week
...Click here
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Germany: German brewers ‘brewing with one hand tied behind their back’ - opinion
...Click here
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USA: Beer excise tax reform now endorsed by majority of US senators
...Click here
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Russia: Barley exports at record pace in July-August 2017
...Click here
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South Korea: Leading brewer Hite-Jinro still trying to settle labor union issues
...Click here
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Graph of the week
Source: Deutscher Maelzerbund e. V.
Table of the week
Canada Barley Supply and Disposition as of October 2017
Barley Prices
Theoretical Malt Prices
Scientific Digest
MORE HOPS - MORE ONION?
ABSTRACT
Hops bring a lot of wonderful flavours into beer but possibly
also some nasty ones.
A group of Japanese researchers looked into the formation of
2-mercapto-3-methyl-1-butanol (2M3MB) during wort
boiling and cooling. These compounds give an onionlike
flavor recognizable at levels as low as 0.4ppb. The
researchers were able to identify the relevant precursor
component, 2,3-expoxy-3-methylbutanal (EMB) and
propose it's derived from iso-alpha acids involving oxygen.
The transformation into 2M3MB requires H2S and a yet
undefined action of the yeast. Though they have gained a
good understanding of the concentrations of the precursor
during boiling and cooling, further work is required to
determine effective measurments that can prevent the
formation of 2M3MB.
REFERENCES:
Stefan Bub, Research Center Weihenstephan: The Role of Brewing
Yeast Influencing Amounts of Hop Aroma Compounds during Beer
Production
Source: Barth Innovations
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These Days in Business History
19 October
1819 - Joseph C Juglar is born, French physician/economist, Crises Commerciales
1987 - Wall Street takes its worst plunge of the modern era, as the Dow loses 508 points, or 22.6% (the worst daily loss on record), to close at 1738.74
1988 - Friedrich Weinreb, Polish/Neth theologist/economist, dies at 77
20 October
1928 - magnate/multi-millionaire Ken Morrison was born, executive chairman of the Wm Morrison Supermarkets plc, the fourth largest chain of supermarkets in the United Kingdom
1973 - OPEC oil embargo begins
1983 - IBM-PC DOS Version 2.1 released
21 October
1492 - Columbus discovers America (Oct 12, 1492 Julian calendar)
1879 - Thomas Edison perfects carbonized cotton filament light bulb
1987 - Nobel prize for economy awarded to Robert M. Solow
22 October
1897 - World's 1st car dealer opens in London
1979 - Walt Disney World's 100-millionth guest
1997 - Yahoo completes purchase of Four11
Agenda
October 2017:
05-07: Stockholm Beer & Whisky Festival 2017 (Stockholm, Sweden)
11-15: Mondial de la Biere Rio 2017 (Rio de Janeiro, Brazil)
16-17: 104 VLB October Convention 2017 (Berlin, Germany)
23-25: 8th Ibero-American VLB Symposium 2017 in Guatemala (Guatemala City)
26-28: drink technology India 2017 (New Delhi, India)
27-29: Olut Expo 2017 (Helsinki, Finland)
November 2017:
11: International MicroBrew Symposium 2017 (Munich, Germany)
22-23: Craft Beer Italy 2017 (Milan, Italy)
January 2018:
26-28: Finest Spirits 2018 (Munich, Germany)
February 2018:
02-04: Brau Kunst Live 2018 (Munich, Germany)
09-12: HoReCa 2018 (Athens, Greece)
17-20: Beer Attraction 2018 (Rimini, Italy)
20-24: Great British Beer Festival Winter 2018 (Norwich, UK)
27-01 March: Beviale Moscow 2018 (Moscow, Russia)
March 2018:
05-07: 105th Brewing and Engineering Conference (Munich, Germany)
06-08: Expo Antad & Alimentaria Mexico 2018 (Mexico City, Mexico)
07-10: Festival Brasileiro de Cerveja 2018 (Blumenau, Brazil)
08-10: Alltech Craft Brews & Food Fair 2018 (Dublin, Ireland)
14-15: BeerX 2018 (Sheffield, UK)
19-22: IBD Asia Pacific Convention 2018 (Wellington, New Zealand)
April 2018:
08-12: International Malting and Brewing Symposium "13th Trends in Brewing" (Ghent, Belgium)
13-14: Helsinki Beer Festival 2018 (Helsinki, Finland)
28-29: Zythos Beer Festival 2018 (Leuven, Belgium)
30-03 May: Craft Brewers Conference & BrewExpo America 2018 (Nashville, USA)
May 2018:
22-24: Beer 2018 (Sochi, Russia)
June 2018:
06-09: Mondial de la Biere 2018 (Montreal, Canada)
29-01 July: Mondial de la Biere 2018 (Paris, France)
August 2018:
03-05: The 22nd International Berlin Beer Festival (Berlin, Germany)
08-11: Vietfood & Beverage 2018 (Ho Chi Minh City, Vietnam)
10-11: Beervana 2018 (Wellington, New Zealand)
12-15: Brewing Summit 2018 (San Diego, USA)
September 2018:
04-06: food & drink technology Africa (fdt Africa) (Johannesburg, South Africa)
12-14: 6th International Symposium for Young Scientists and Technologists in Malting, Brewing and Distilling (Bittburg/Trier, Germany)
October 2018:
23-26: China Brew China Beverage 2018 (Shanghai, China)
24-26: drink technology India 2018 (Mumbai, India)
November 2018:
13-15: Brau Beviale 2018 (Nuremberg, Germany)
More events are available on site e-malt.com
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Brewery News
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The Czech Republic: Plzeňský Prazdroj investing over CZK280 mln in expanding its production facilities
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The leading Czech brewery Plzeňský Prazdroj is investing over CZK 280 million in production facilities for its world-famous lager Pilsner Urquell, Radio Prague reported
...More info on site
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Russia: September beer output down 5.8% yoy
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Russia’s national statistics agency has published a new report showing beer and vodka output declined in September 2017 versus September 2016, Profibeer reports.
Beer production
...More info on site
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Greece: Carlsberg’s Olympic Brewery invests in new production line at its Thessaloniki plant
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Carlsberg’s Olympic Brewery has invested 3.2 million euros in its plant in Sindos, Thessaloniki, for a new production line of 20-liter PET beer kegs that prolong product freshness, Kathimerini reported on October 19.
These single-use kegs allow beer to stay fresh for up to 31 days after being opened, instead of five, as is the case with the conventional metallic barrels used in bars and restaurants, for example.
The new unit, which produces the Mythos, Fix, Fix Dark and Kaiser brands, has a production capacity of 250,000 hectolitres a year and is expected to significantly boost Olympic Brewery’s domestic presence in the areas of catering and tourism in particular, while also raising export prospects over the coming years. Exports currently account for 5 percent of Olympic Brewery’s total turnover.
The Carlsberg subsidiary is planning overall investments at the Sindos plant of 4.6 million euros this year, with the company’s total investments in Greece over the 2015-2018 period (including in its other plant at Ritsona in Evia) estimated at 22 million euros. The investment plan for 2014-2019, meanwhile, comes to 45 million euros.
However, the Greek beer market continued to contract this year. According to data from market research firm IRI presented earlier this week
...More info on site
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UK: BBPA unveils new beer export strategy
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A new export strategy, unveiled on October 19 at Fuller’s Griffin Brewery in Chiswick by the British Beer and Pub Association (BBPA), aims to increase British beer exports by £100 million over the next five years, The Drinks Business reported on October 20.
The BBPA estimates that beer exports are currently worth around £600 million per year, making it the UK’s third biggest food and drink export after Scotch whisky and chocolate.
The export strategy is part of the government’s International Action Plan which aims to create opportunities for the UK’s food and drink exporters. A series of measures will now be implemented by the BBPA and brewers alike.
Entitled the ‘British Beer Export Strategy 2017 – 2022’, which can be read in full here, a series of measures will now be put in place to ensure the desired export growth is achieved.
Firstly, there will be a new ‘export hub’ on the BBPA website that aims to put British brewers in contact with potential buyers overseas.
This hub will include “country profiles on the top beer export target markets” and in particular, will provide labelling information requirements, which, according to the BBPA, has been identified “as the number one trade barrier for many brewers”.
...More info on site
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Germany: German brewers ‘brewing with one hand tied behind their back’ - opinion
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Fetishisation of a 500-year-old law is preventing German beer makers from use their profound knowledge to break new ground in brewing, argues Geoffrey Dobbs.
Criticizing German brewing always feels very hard to do, especially to Germans. Because it really is so accomplished. But while there is much for Germans to be proud of in their place in beer history, fetishization of the Reinheitsgebot and layers of red tape will keep German beer from attaining heights they might otherwise reach. Germany has so much expertise that could produce even more great beers if it wasn’t brewing with one hand tied behind its back, The Local reported on October 19.
The famous 1516 Bavarian Reinheitsgebot decreed that beer may only be made with barley, hops, and water (yeast was discovered centuries later). The law was enacted in order to prevent brewers from competing with bakeries for wheat and other grains, and so keep the price of bread stable, as well as to regulate away ingredients that might cover up a spoiled beer.
However, the rulers of Bavaria still had a taste for wheat beer, and just four years after the law passed, a brewery on the Czech border was given permission to brew with wheat.
...More info on site
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USA: Beer excise tax reform now endorsed by majority of US senators
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A majority of U.S. Senate members now support legislation that would reduce excise taxes on all brewers and importers, Brewbound reported on October 20.
According to a press release jointly produced by six beverage lobbying groups, including the Beer Institute and the Brewers Association, 51 senators have co-sponsored Senate Bill 236, known as the Craft Beverage Modernization and Tax Reform Act (CBMTRA).
The legislation, which was introduced into the Senate on January 30 by Ron Wyden (D-OR) and Roy Blunt (R-MO), also has majority support from 281 members of the U.S. House of Representatives who have backed a companion bill (H.R. 747).
“Beer is bipartisan, and I want to thank the broad coalition of Senators and House members from across the country for supporting this commonsense legislation that will provide critical tax relief to America’s brewers and beer importers,” Jim McGreevy, the CEO of the Beer Institute, which represents the interests of all brewers, importers and supply industries, said via a press release.
“I look forward to Congress taking up the bill and moving it to President Trump for his signature so that brewers and beer importers can continue to invest in their businesses to meet consumers’ demand for beer,” he added.
According to McGreevy,
...More info on site
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South Korea: Leading brewer Hite-Jinro still trying to settle labor union issues
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The labor union at Hite-Jinro is causing a stir for demanding the replacement of an executive in charge of labor relations while an ongoing strike has been severely disrupting the company's operations, the Korea Times reported on October 19.
Korea's largest maker of the distilled liquor soju said on October 19 that the union's demand is not the subject of collective bargaining, urging striking workers to "come to their senses" and work harder with management to reach a consensus.
Demanding a 7 percent hike in the base salary, union workers began a partial walkout on Sept. 25. They have been staging a full-scale strike since Oct. 13, with about 1,700 out of 2,300 union members refusing to work.
The workers are also asking management to guarantee job security for all union members even if the company downsizes its operation.
Hite-Jinro has three breweries and four soju distilleries in Korea. But the ongoing strike has forced it to run only two breweries in Hongcheon, Gangwon Province, and Changwon, South Gyeongsang Province, and a soju distillery in Icheon, Gyeonggi Province.
"Labor and management held their 20th negotiation on Oct. 16 and 17, but failed to narrow their differences," a company official said.
...More info on site
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Barley News
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EU: European malting barley markets quiet this week
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It has been a quiet week with little activity on the European malting barley market. Market prices have been trending a bit easier /
...More info on site
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Russia: Barley exports at record pace in July-August 2017
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Russia exported barley at a record pace in July-August 2017 despite a delay in this year’s harvest. Owing to high carryover stocks, Russia exported roughly 1.39 mln tonnes of barley in the first two months of the 2017/18 season, or 73% more than at the same time last year. The previous peak in barley exports during the period under review was registered in MY 2015/16 (1.2 mln tonnes), reports UkrAgroConsult.
Traditionally, the main end market for Russian barley early in MY 2017/18 was Saudi Arabia with an export share of 41%.
Iran also actively imported barley from Russia. Russia exported 327 thousand tonnes of barley to Iran in the reporting period, or four times more than during the same period last year. Moreover, Russia resumed deliveries to Turkey and Kuwait, it is reported.
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