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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 41b
October 11 - October 14, 2018

Quote of the Week

Who does not know beer, does not know what is good. Beer makes the home pleasant.
Sumerian proverb

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Currency Rates

Base Currency: Euro
on October 12, 2018
Base Currency: US Dollar
on October 12, 2018
      1 EUR = 1.1567 USD
1 EUR = 0.8751 GBP
1 EUR = 1.5085 CAD
1 EUR = 1.6297 AUD
1 EUR = 129.7800 JPY
1 EUR = 4.3429 BRL
1 EUR = 76.9251 RUB
1 EUR = 7.9938 CNY
      1 USD = 0.8644 EUR
1 USD = 0.7565 GBP
1 USD = 1.3041 CAD
1 USD = 1.4088 AUD
1 USD = 112.1900 JPY
1 USD = 3.7545 BRL
1 USD = 66.5029 RUB
1 USD = 6.9108 CNY

Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend

October 12, 2018
French Barley/Malt
Crop 2018
2RS Malting Barley (FOB Creil) 223.50-225.50 down0.44%
6RW Malting Barley (FOB Creil) 210.00-212.00 -
2RS Malt (FOB Antwerp) 429.00-431.00 down0.29%
6RW Malt (FOB Antwerp) 412.50-414.50 -
Feed Barley (FOB Creil) 199.00-201.00up0.50%
French Barley/Malt
Crop 2019
2RS Malting Barley (FOB Creil) 211.50-213.50 up0.95%
6RW Malting Barley (FOB Creil) 188.00-190.00 up1.07%
2RS Malt (FOB Antwerp) 414.50-416.50 up0.60%
6RW Malt (FOB Antwerp) 385.50-387.50 up0.64%
German Malting Barley
Crop 2018
Ex Farm
Average Malting Barley Price 217.50-219.50 up0.18%
Danish Malting Barley
Crop 2018
Free on truck
Ex Farm
Malting Barley (East) 1,644.00-1,646.00 -
Malting Barley (West) 1,644.00-1,646.00 -
Danish Malting Barley
Crop 2019
Free on truck
Ex Farm
Malting Barley (East) 1,384.00-1,386.00 -
Malting Barley (West) 1,384.00-1,386.00 -
Canadian Barley
Crop 2018
2-Row Malting Barley, bulk, track in Winnipeg rail 364.00-366.00 -
2-Row Malting Barley, bulk, track in Vancouver rail 364.00-366.00 -
6-Row Malting Barley, bulk, track/railcar, Winnipeg nq  
Feed Barley, basis Lethbridge 254.00-256.00 -
Feed Barley, basis Winnipeg 254.00-256.00 -
Feed Barley, bulk in store, Vancouver 314.00-316.00 -
US Barley
Crop 2018
2-Row Malting Barley, bulk, railcar Great Falls, Montana 176.00-178.00 -
6-Row Malting Barley, bulk, railcar Minneapolis, Minnesota nq  
Feed Barley, basis Great Falls, Montana 142.00-144.00 -
Feed Barley, basis Minneapolis, Minnesota 118.00-120.00 -
-No change; upPrice increase; downPrice decrease versus last publication.

Click here to see our Market Prices History.

Top Industry News

Brewery news USA: Total beer volume down 1.1% in 2017 ...Click here
Brewery news The Netherlands: Beer production up 1.5% last year but exports decrease by over 2% ...Click here
Brewery news Zimbabwe: Delta Corporation announces record 54% rise in half-year lager sales ...Click here
Brewery news India: Antitrust watchdog raids offices of United Breweries, Carlsberg and AB InBev ...Click here

Barley news Canada: Hardly any barley still in the fields will make malting quality - experts ...Click here

More Industry News

Brewery news UK: Cobra Beer increases turnover and profits in latest financial year ...Click here
Brewery news Sri Lanka: Sri Lanka's Lion Brewery regrets leaving Indian beer market ...Click here
Hops news New Zealand: Ministry of primary industries to contribute to development of ‘super-premium hops’ ...Click here
Brewery news Nigeria: Guinness Nigeria cuts spending on creditors to build wealth for shareholders ...Click here
Brewery news UK: Scotland’s brewing industry enjoys explosive growth ...Click here
Brewery news Niger: Niger brewery the only money-losing one of Castel’s 67 plants in Africa ...Click here

Graph of the week

Source: Deutscher Maelzerbund e. V.

Table of the week

Italy Beer Market Segmentation 2012-17

Table of the week.
Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

These Days in Business History

11 October
1617 - Franchois Vranck, economist/writer (Deduction), dies at about 62
1844 - Henry John Heinz is born. He founded the H. J. Heinz Company
1868 - Thomas Edison patents his 1st invention: electric voice machine
1887 - A. Miles patents elevator

12 October
1492 - Columbus arrives in Bahamas (real Columbus Day)
1918 - 1st use of iron lung (at Boston's Children Hospital). The iron lung is called a negative pressure ventilator. It enables a person to breathe when normal muscle control has been lost
1935 - Luciano Pavarotti born in Modena, Italy

13 October
1884 - Greenwich established as universal time meridian of longitude
1971 - Intel Corp. goes public on NASDAQ
1987 - Walter H Brattain, U.S. physicist (transistors, Nobel 1956), dies at 85

14 October
1773 - The first recorded Ministry of Education, the Commission of National Education, is formed in the Polish-Lithuanian Commonwealth
1888 - Louis Le Prince films first motion picture: Roundhay Garden Scene


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)

February 2019:
8-10: Finest Spirits 2019 (Munich, Germany)
8-11: HoReCa 2019 (Athens, Greece)
16-19: Beer Attraction 2019 (Rimini, Italy)
19-21: Beviale Moscow 2019 (Moscow, Russia)

March 2019:
5-7: Expo Antad & Alimentaria Mexico 2019 (Mexico City, Mexico)
13-16: Festival Brasileiro da Cerveja 2019 (Blumenau, Brazil)
15-17: Barcelona Beer Festival 2019 (Barcelona, Spain)
19-21: Beviale Moscow 2019 (Moscow, Russia)
27-29: 10th World Barley, Malt & Beer Conference (Warsaw, Poland)

April 2019:
8-11: Craft Brewers Conference & BrewExpo America 2019 (Denver, Colorado, USA)

More events are available on site e-malt.com

BreweryBrewery News Brewery

Brewery news USA: Total beer volume down 1.1% in 2017
Total beer volume in the US dropped 1.1% last year to 2.8 billion 2.25-gallon cases, the Beverage Information Group's 2018 Beer Handbook reported. That amounts to a fifth consecutive decline in total U.S. beer consumption.

The biggest losers last year were light beer, with volumes dropping 3.1% in 2017; popular beer, falling 2.5% last year; super-premium and premium beers, down by 3.7%; and malt liquor, sliding by 4.3%, the handbook said.

Craft beer showed the largest jump, growing 4.9% last year to 310 million cases, the handbook noted. Local and regional craft beers have saturated the market, and consumers are trying various brands instead of sticking with a favorite. Imported beers grew by 3.5%, with Mexican imports particularly strong. Flavored malt beverages nudged up 1.3% last year, although growth in that segment has fallen off lately.

These volume declines aren't that surprising given how big beer companies have been performing in the past few years. Even industry giants AB InBev and Molson Coors have seen their U.S. sales drop in recent quarters.

In the recent past, U.S. beer drinkers have been moving away from domestic lagers and turning to craft beers, Mexican imports and wine and spirits. As a result, total beer shipments ...More info on site

Brewery newsThe Netherlands: Beer production up 1.5% last year but exports decrease by over 2%
Last year, Dutch beer exports declined by over 2 percent. After rounding, total beer exports came to 1.9 billion litres, 43 million litres less ...More info on site

Brewery newsZimbabwe: Delta Corporation announces record 54% rise in half-year lager sales
Zimbabwe’s largest brewer Delta Corporation on October 10 announced a record 54 percent rise in lager sales by volume in the half-year to September, ...More info on site

Brewery news India: Antitrust watchdog raids offices of United Breweries, Carlsberg and AB InBev
India’s antitrust watchdog raided the offices of three top beer companies on October 11 as part of an investigation of price-fixing allegations, three sources with direct knowledge of the matter told Reuters.

Search and seizure operations were conducted at dawn by the Competition Commission of India (CCI) at the offices of India’s United Breweries, Denmark’s Carlsberg and the world’s largest brewer Anheuser-Busch InBev (AB InBev) in at least two Indian cities, said the three people, including one government source and an industry source.

The regulator has been conducting an antitrust investigation of the three companies for the past year, said a fourth source with direct knowledge of the inquiries.

The CCI was tipped off by one of the three companies after it filed a leniency application with the regulator, revealing details of the alleged price fixing, he added.

The regulator’s leniency program is a type of whistleblower protection offered to cartel members.

The government source said that the raids found email exchanges showing that the companies were fixing prices.

“That is smoking gun evidence,” the source said.

All four sources declined to be named because they have not been authorized to discuss the matter with the media.

Asked about the raids, a spokesman for AB InBev in India ...More info on site

Brewery newsUK: Cobra Beer increases turnover and profits in latest financial year
Cobra Beer, which was founded by Lord Karan Bilimoria in 1989, brewed up a rise in both its turnover and profits during its latest ...More info on site

Brewery news Sri Lanka: Sri Lanka's Lion Brewery regrets leaving Indian beer market
Sri Lanka's Lion Brewery regrets leaving the Indian beer market to focus on its home market, a senior company official said, noting that many local firms are reluctant to risk venturing overseas and fear foreign competition, EconomyNext reported on October 12.

Suresh Shah, Executive Director of the Lion Brewery (Ceylon) Ltd., said they understood the risks and complexities of the Indian market when they entered, but withdrew to give priority to investments to grow the home market, recovering after the ethnic war.

The Carson Cumberbatch controlled Lion Brewery withdrew from the Indian beer market in May 2011 having ventured into it in partnership with Carlsberg South Asia Pte Limited. It sold its stake to Carlsberg for 2.1 billion rupees.

“We know it is tough to do business in our region,” Shah told a World Bank forum to launch its new report on regional trade in South Asia which highlights the lack of intra-regional trade and investment.

“We understood the complexity of doing business in India. If we wanted the rewards of a very large market we had to face it. You go in knowing the risks and challenges,” Shah said.

Shah said they went into India knowing the alcohol business in India ...More info on site

Brewery news Nigeria: Guinness Nigeria cuts spending on creditors to build wealth for shareholders
Guinness Nigeria’s strategy to cut its spending on creditors in finance expenses to build wealth for shareholders has been achieved. This is the summary of the company’s operating results for the 2018 financial year, thus paying back investors in their good coin of availing the company new money last year that permitted a cut down in balance sheet borrowings, TheCable reported on October 11.

The brewing company cut down its balance sheet debts massively in its 2017/18 financial year and consequently mowed down net finance expenses by 54%. In that move alone, management saved more than N4 billion, thereby changing the uncomfortable position in the preceding year when finance costs consumed 74% of operating profit.

The company also saved a lot of cost by hammering administrative expenses, which it forced down by 28%. Distribution cost also went down during the year but major increases in cost of sales and marketing expenses claimed a good part of the costs saved. Yet cost savings were robust enough and with roughly 14% growth in turnover, Guinness Nigeria has reported a 249% advance in net profit for its financial year ended June 2018.

It is a good year for shareholders with a cash dividend of N1.84 already ...More info on site

Brewery news UK: Scotland’s brewing industry enjoys explosive growth
Scotland's brewing industry has enjoyed "explosive growth" since 2010 as craft beers have become increasingly popular, according to new research.

The Scottish Parliament Information Centre (Spice) found there were 115 breweries across Scotland this year - compared with just 35 eight years ago.

More than four-fifths of businesses in the sector were micro-breweries.

The study also found that 30% of all brewing enterprises were in the Highlands and Edinburgh.

The report said: "Globally, beer consumption has been falling for decades.

"However, this has not dampened the significant brewery start-up rate, responding to consumers choosing to drink more expensive, specialised beers.

"Scotland's craft breweries have flourished over recent years with a plethora of new breweries entering the market."

While just four local authority areas contained breweries in 2010, currently 16 of the 32 separate regions are home to at least one brewing business.

"Both urban and rural areas have benefited from the explosive growth of the sector," the report found.

Breweries had an average turnover of £271,310 in 2018 - lower than the average business turnover of £673,000.

But 10% of breweries had sales levels worth over £1m, while just over half (52%) had turnover levels that were below £100,000.

The research also identified 128 malt and grain distilleries in Scotland, giving ...More info on site

Brewery news Niger: Niger brewery the only money-losing one of Castel’s 67 plants in Africa
In an industrial park in Niamey, the capital of Niger, unemployed men rest in the shade from thirst-inducing heat. Warehouses gather dust. But there is a buzz around the country’s only brewery. Steam billows from 50-year-old copper cauldrons, and bottles rattle off the conveyor belt before they are stamped with a label bearing two giraffes and the words: “Bière Niger”, The Economist reported on October 11.

Not many people associate Niger, which is mostly Muslim, with beer. The brewery, Braniger, was founded in 1967, seven years after Niger’s independence from France. Its turbulent history says much about the fragility of Niger’s economy. In the 1990s the regional currency, the CFA franc, was devalued by about half, driving up the cost of the imported raw materials. Instead of raising prices, Bière Niger shrank its bottles by a third.

The brewery, part of Castel Group, a French family firm, survived the crisis but has again lost its fizz. Xavier de Boisset, Braniger’s director, says that it is the only one of Castel’s 67 African breweries that is losing money. One reason is its tax bill, which it says has gone up about 20% over the past five years. Others are geography and corruption. Since ...More info on site

BarleyBarley News Barley

Barley news Canada: Hardly any barley still in the fields will make malting quality - experts
The long, wet harvest of 2018 has probably spelled the end for most hopes that barley still in fields will meet malting specifications, the Manitoba Co-operator reported on October 11.

“I really suspect that anything left in the field now, any barley now, will not be malting quality,” said Jeff Nielsen, a farmer near Olds, Alta., and director with the Alberta Barley Commission.

Nielsen said he managed to get his barley off during a brief harvest window in early September, as many others did. However, he said on October 10, he had not been able to get into fields since Sept. 10.

Cameron Goff, a farmer near Hanley, Sask., and a director on the Saskatchewan Barley Development Commission, agrees chances are small that any barley left in fields will be good for anything but feed.

However, he said, he still holds out hope that some of the late-seeded barley still standing will be able to meet malting quality specs, provided it wasn’t hit too badly by frost.

Like Nielsen, Goff said he managed to get all of his barley taken off before the heavy precipitation hit.

“It’s a shorter-season crop and if you’re really after malt you do try and get it in because bad weather ...More info on site

HopsHops News Hops

Hops news New Zealand: Ministry of primary industries to contribute to development of ‘super-premium hops’
Bureaucrats in New Zealand have decided to get into the craft beer game, contributing millions to help the industry develop its own unique “Kiwi” hops flavour, The Guardian reported on October 11.

The ministry of primary industries wants to develop “a super-premium hops” and craft beer in an attempt to emulate New Zealand’s success with wines such as sauvignon blanc and pinot noir.

The ministry is contributing NZ$5.3 mln to the seven-year research and development project in conjunction with a brewery and hops grower, which is contributing NZ$7.95 mln.

The aim of the research is to create new varieties and cross-breeds of hops that will be identifiably “Kiwi” from the first sip, much like Marlborough sauvignon blanc is known for its distinctive gooseberry flavours.

New Zealand has a thriving craft beer scene with about 200 companies in operation. The number has increased by 300% in the last decade. However only a small quantity of hops is grown in New Zealand and access to markets is limited.

A number of niche breweries have been absorbed by corporations, including Dunedin’s Emerson brewery being sold to Australia’s Lion and Wellington’s Tuatara beer being bought by New Zealand’s DB breweries.

Martyn Dunne, the director general of the department of primary ...More info on site

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