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Flash Summary
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E-Malt.com Flash 43b
October 26 - October 29, 2017
Quote of the Week
When all else is lost, the future still remains.
Christian Nestell Bovee
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Currency Rates
Base Currency: Euro
on October 27, 2017 |
Base Currency: US Dollar
on October 27, 2017 |
| |
1 EUR = 1.1753 USD
1 EUR = 0.8901 GBP
1 EUR = 1.5041 CAD
1 EUR = 1.5248 AUD
1 EUR = 133.7500 JPY
1 EUR = 3.8030 BRL
1 EUR = 68.2890 RUB
1 EUR = 7.8003 CNY
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1 USD = 0.8510 EUR
1 USD = 0.7570 GBP
1 USD = 1.2815 CAD
1 USD = 1.3001 AUD
1 USD = 113.7500 JPY
1 USD = 3.2508 BRL
1 USD = 57.7643 RUB
1 USD = 6.6365 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| October 27, 2017 |
French Barley/Malt
Crop 2017
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
190.50-192.50 |  |
| 6RW Malting Barley (FOB Creil) |
157.00-159.00 |  0.63% |
| 2RS Malt (FOB Antwerp) |
388.50-390.50 | |
| 6RW Malt (FOB Antwerp) |
347.50-349.50 | 0.35% |
| Feed Barley (FOB Creil) |
151.00-153.00 |  0.66% |
French Barley/Malt
Crop 2018
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
192.50-194.50 | |
| 6RW Malting Barley (FOB Creil) |
159.00-161.00 | |
| 2RS Malt (FOB Antwerp) |
390.00-392.00 | |
| 6RW Malt (FOB Antwerp) |
349.00-351.00 | |
| Feed Barley (FOB Creil) |
nq | |
German Malting Barley
Crop 2017
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
188.50-190.50 | 0.56% |
Danish Malting Barley
Crop 2017
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,264.00-1,266.00 | |
| Malting Barley (West) |
1,264.00-1,266.00 | |
Danish Malting Barley
Crop 2018
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,224.00-1,226.00 | |
| Malting Barley (West) |
1,224.00-1,226.00 | |
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 |
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| 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 |
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| 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 |
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| 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.
World: AB InBev sees profits, beer sales slip in Q3 2017
...Click here
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Brazil: Ambev’s Q3 net income up 1.2% from last year
...Click here
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Nigeria: Nigerian Breweries’ Q3 results come as 'negative surprise'
...Click here
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Nigeria: Guinness Nigeria posts 30% increase in first-quarter revenue
...Click here
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Australia: Barley harvest underway, quality ‘too early to tell’
...Click here
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Canada: Alberta malting barley quality looking fairly good this year
...Click here
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EU: Spring malting barley prices slightly down this week
...Click here
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India: United Spirits reports 86% increase in standalone net profit in the quarter to September 30
...Click here
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UK: Local brewer benefits from decision to grow its own hops
...Click here
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Graph of the week
Source: Deutscher Maelzerbund e. V.
Table of the week
Latin America Beer Production by Country
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
HOPS MAKE YEAST HAPPY!
ABSTRACT
In 1893 Morris and Brown reported, "We are now to
ascertain how far the sugars of the hop are accountable
for the after-fermentation induced of dry-hopping." This
phenomenon is familiar to craft brewers and in 1941 Walker
proposed that a maltase enzyme in hops is responsible for
this. This U.S. research team was able to confirm with dry-hopping an increase in VDK production and a decrease in gravity. Testing at different temperatures, they were able to
show that the secondary fermentation that takes place at
70 degrees F is reduced when the temperature is lowered to 60 degrees F
before dry-hopping.
REFERENCES:
Baillo, A.: Dry Hopping and Stirring Pellets Increases Vicinal Diketones and Lowers Apparent Extract, oral presentation
Source: Barth Innovations
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These Days in Business History
26 October
1952 - Chevrolet unveils V-8 engine
1954 - Walt Disney's 1st television program, "Disneyland", premieres on ABC
1956 - U.N.'s International Atomic Energy Agency statute approved
27 October
1969 - Nobel prize for economy awarded to John Tinbergen
1984 - Hepatitis virus is discovered
1997 - Intel Corp buys Digital Equipment for $700 million
28 October
1904 - St Louis police try a new investigation method - the fingerprints
1954 - Nobel prize for literature awarded to Ernest Hemingway
1986 - International Red Cross ousted from South Africa
29 October
1929 - The New York Stock Exchange crashes in what will be called the Crash of '29 or "Black Tuesday", ending the Great Bull Market of the 1920s and beginning the Great Depression
1947 - Belgium, Luxembourg and Netherland form Benelux Union
1952 - Sweden begins experimental TV
2008 - Delta Air Lines merges with Northwest Airlines, creating the world's largest airline and reducing the number of US legacy carriers to five
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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World: AB InBev sees profits, beer sales slip in Q3 2017
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Anheuser-Busch InBev, the world’s largest brewer, sold less beer than expected in the third quarter, hit particularly by hurricanes and market share losses in
...More info on site
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USA: AB InBev’s sales in the US down 5.6% in Q3
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Anheuser-Busch InBev, the owner of Budweiser, Bud Light and Stella Artois, said that beer sales in the U.S. fell 5.6% in the third quarter, KITV Honolulu reported on October 26.
Those are shockingly bad numbers when you consider that they came during the start of the football season and as the baseball pennant races were heating up with teams getting ready for the playoffs. Shares of BUD fell 2% on the news.
It's also a sign that AB InBev's push to brand Budweiser beer as "America" on bottles and cans during what the company called its "American Summer" may have failed to catch on with suds-loving consumers.
AB InBev said that market share for Budweiser and the lower calorie Bud Light fell in the U.S. during the quarter.
Beer snobs in the U.S. are increasingly choosing fancier and pricier craft brews over established brands like Bud.
AB InBev has recognized this and has been on a microbrew shopping spree over the past few years, scooping up popular brands like Goose Island, 10 Barrel Brewing and Blue Point.
The company also has a significant minority stake in Craft Brew Alliance, the publicly traded firm that owns the Kona, Redhook and Widmer Brothers brands of beer.
But AB InBev's
...More info on site
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Brazil: Ambev’s Q3 net income up 1.2% from last year
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Ambev SA, the Latin American unit of Anheuser Busch InBev NV, on October 26 reported a third-quarter adjusted net income of 3.24 billion reais
...More info on site
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Nigeria: Nigerian Breweries’ Q3 results come as 'negative surprise'
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Nigerian Breweries (NB) published its Q3 2017 results which surprised negatively. Sales of N73.7 bln grew by 13% y/y while profit before tax (PBT)
...More info on site
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Nigeria: Guinness Nigeria posts 30% increase in first-quarter revenue
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Guinness Nigeria Plc has posted 30 per cent growth in revenue for the first quarter ended September 30, the News Agency of Nigeria reports.
The
...More info on site
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Barley News
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Australia: Barley harvest underway, quality ‘too early to tell’
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Australia’s barley harvest began this month with typical early-season worries about quality. Grades will only become clear once headers reach the peak of
...More info on site
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Canada: Alberta malting barley quality looking fairly good this year
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Despite a wet spring and problems with dryness in the summer, barley in central Alberta is looking fairly good, according to a grower in the Red Deer area, the Alberta Express reported on October 25.
“We had a really good malt crop this year, the quality is excellent,” said Matt Hamill of Red Shed Malting at Red Deer. “It is high-yield, high-weight, looks really good for malting.”
That’s in stark contrast to some areas in the southern Prairies where questions remain about the quality of the harvest.
The wet spring also eliminated some intended acres, leaving this year’s crop roughly 10 per cent smaller than last year.
According to Statistics Canada, 5.77 million acres of barley were seeded in Canada in 2017. Of that total, Alberta accounted for 2.85 million.
There are ideas that U.S. buyers are looking for Canadian malt due to the drought problems plaguing barley in the northern U.S.
However, prices seem to be a touch on the softer side right now, likely due to the recent harvest.
“Malt is a little higher than C$4 (per bushel); it’s more in the C$4.75 range right now,” said Hamill. “I think most farmers will probably want $5 before they let it go, though.”
Unlike other seasons, fusarium
...More info on site
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EU: Spring malting barley prices slightly down this week
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Spring malting barley prices came slightly down on the European market this week. On the current levels there is a bit more buying interest
...More info on site
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Hops News
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UK: Local brewer benefits from decision to grow its own hops
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With some imported hops costing 60% more than a year ago, Surrey-based Hogs Back Brewery says it is benefiting from its decision to grow its own varieties on a 3.5-acre plot adjacent to its brewery near Farnham, the Morning Advertiser reported on October 26.
It has just harvested its third hop crop, accounting for approximately 15% of its annual requirement.
It hopes to eventually grow a quarter of the hops it uses and to source 70% within walking distance of the brewery.
This year saw hops dried in a new oast house, built just three miles from the brewery and the first in Surrey for more than 50 years.
Managing director Rupert Thompson said the initiative is part of its commitment to local sourcing, reducing food miles, sustainable brewing and taking greater control of the ingredients in its beers.
"The hike in hop prices, firstly because of a shortage of US varieties and then the post-Brexit referendum fall in sterling has subsequently delivered another benefit, as growing our own hops gives a level of control over one of our key ingredients,” he said.
British hops have aroma notes said to include tangerine, citrus, grass, grapefruit, chocolate, blackcurrant,
...More info on site
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Whisky News
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India: United Spirits reports 86% increase in standalone net profit in the quarter to September 30
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United Spirits Ltd (USL), India’s largest liquor maker, on October 26 said standalone net profit rose 86% in the quarter ended September, helped by a strong performance by its premium brands, Livemint reported.
Profit rose to Rs153.1 crore in the three months from Rs82.5 crore a year ago. Revenue rose to Rs6,245.1 crore from Rs6,051.2 crore, the company owned by Diageo Plc. said in a filing with the BSE.
The apex court’s decision to prohibit all liquor sales within 500 metres of state and national highways last year has hurt sales volumes across the alcoholic beverage industry. In July, USL said the impact of the ban will spill over into the next two quarters, i.e. until December, albeit to a lesser extent. On October 26, USL reiterated that the impact of the ban will continue to ease and business will return to normal by the end of the December quarter.
“In the second quarter, we have delivered strong underlying net sales growth of 4% driven by 12% growth in the prestige and above segment, despite the impact of the highway ban,” chief executive officer Anand Kripalu said in a statement.
USL’s biggest competitor in India, French liquor firm Pernod Ricard SA, also said that
...More info on site
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