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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 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 08a
February 18 - February 20, 2019

Quote of the Week

Philosophy and beer, it's the same thing: when consumed, they change all perceptions we have of the world.
Dominique-Joel Beaupre

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Currency Rates

Base Currency: Euro
on February 20, 2019
Base Currency: US Dollar
on February 20, 2019
      1 EUR = 1.1314 USD
1 EUR = 0.8725 GBP
1 EUR = 1.4984 CAD
1 EUR = 1.5864 AUD
1 EUR = 125.1700 JPY
1 EUR = 4.2140 BRL
1 EUR = 74.7313 RUB
1 EUR = 7.6515 CNY
      1 USD = 0.8837 EUR
1 USD = 0.7711 GBP
1 USD = 1.3244 CAD
1 USD = 1.4020 AUD
1 USD = 110.6300 JPY
1 USD = 3.7245 BRL
1 USD = 66.0500 RUB
1 USD = 6.7627 CNY

Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend

February 20, 2019
French Barley/Malt
Crop 2018
2RS Malting Barley (FOB Creil) 186.50-188.50 down1.06%
6RW Malting Barley (FOB Creil) 183.00-185.00 down1.08%
2RS Malt (FOB Antwerp) 386.00-388.00 down0.63%
6RW Malt (FOB Antwerp) 381.50-383.50 down0.64%
Feed Barley (FOB Creil) 171.00-173.00down4.44%
French Barley/Malt
Crop 2019
2RS Malting Barley (FOB Creil) 186.50-188.50 down0.53%
6RW Malting Barley (FOB Creil) 177.00-179.00 down1.11%
2RS Malt (FOB Antwerp) 383.50-385.50 down0.32%
6RW Malt (FOB Antwerp) 372.00-374.00 down0.66%
German Malting Barley
Crop 2018
Ex Farm
Average Malting Barley Price nq  
Danish Malting Barley
Crop 2018
Free on truck
Ex Farm
Malting Barley (East) 1,544.00-1,546.00 down1.28%
Malting Barley (West) 1,544.00-1,546.00 down1.28%
Danish Malting Barley
Crop 2019
Free on truck
Ex Farm
Malting Barley (East) 1,284.00-1,286.00 down1.53%
Malting Barley (West) 1,284.00-1,286.00 down1.53%
-No change; upPrice increase; downPrice decrease versus last publication.

Click here to see our Market Prices History.

Top Industry News

Brewery news Russia: Beer production up in 2018 and in January 2019 ...Click here
Brewery news Malaysia: Heineken Malaysia posts 4.6% jump in annual net profit ...Click here
Brewery news New Zealand: New Zealand boasts of 4.56 breweries per 100,000 people ...Click here
Brewery news Latvia: Beer production drops 4.8% in 2018 ...Click here
Brewery news Azerbaijan: Carlsberg Azerbaijan reports successful 2018 ...Click here

More Industry News

Brewery news Japan: Four leading brewers intensify sales war over third-tier beer ...Click here
Whisky news World: Report says acquisition of Pernod Ricard by LVMH and Diageo is "a likely scenario" ...Click here
Brewery news Nigeria: Nigerian Breweries sees 2018 turnover decline 4.1% ...Click here
Barley news Kazakhstan: Barley crop up 20.2% to record volume last year ...Click here
Barley news China & Uruguay: China allows imports from barley from Uruguay ...Click here
Brewery news USA: AB InBev to release Bud Light Lemon Tea ...Click here

Graph of the week

Table of the week

World Use of Hops and Hop Products 1997 - 2018s

Table of the week.
Barley Prices

Theoretical Malt Prices

Scientific Digest


Most breweries have gained a lot of experience in dry hopping, knowing which set up for dry hopping leads to a certain dry hop flavour, mostly using a solid-liquid separation technique. A group of German Researchers look into the properties of hop filter cakes and the relevant operational parameters for the separation of hop particles from beer. With the aim that these findings may directly help breweries reduce the duration of dry hopping while increasing the product yield. The considerable swelling volume of hop pellets is favourable for aroma extraction due to the surface area increase of the primary particles. Swelling of the pellets at higher temperatures accelerates this step as well as disintegration. However, performing filtration at higher temperatures can reduce the permeability remarkably, thus justifying cold extraction. Given the compressibility of the hop filter cake, low operating pressures are also beneficial. If yeast cells are present, the pressure drop rises, so the operational parameters might need to be adjusted. Just as in real life, good dry hopping requires a lot of compromises…


P. M. Bandelt Riess, Characterizing the Filtration Behavior of Hop Particles for Efficient Dry Hopping Methods. Brewing Science, 71 (September/October 2018), pp. 74-80
Read more

Source: Barth Innovations

These Days in Business History

18 February
1933 - 1st issue of Newsweek magazine published
1939 - Golden Gate International Exposition opens on Treasure Island
1981 - Chrysler Corporation reports largest corporate losses in U.S. history

19 February
1878 - Thomas Alva Edison patents gramophone (phonograph)
1899 - Cornelius Vanderbilt Whitney, Pan Am Airways (World airways) founder is born
1969 - 1st Test flight of Boeing 747 jumbo jet

20 February
1768 - 1st American chartered fire insurance company opens
1811 - Austria declares bankruptcy
1848 - Edward H. Harriman is born in Hempstead. By age 50 he commands the Union Pacific and Southern Pacific railways, making him one of the most powerful railroad barons in the world


February 2019:
19 - 21: Beviale Moscow 2019 (Moscow, Russia)
19 - 23: Great British Beer Festival Winter 2019 (Norwich, UK)

March 2019:
05 - 07: Expo Antad & Alimentaria Mexico 2019 (Mexico City, Mexico)
11 - 13: 105th Brewing and Engineering Congress 2019 (Rust, Germany)
13 - 14: BeerX 2019 (Liverpool, UK)
13 - 16: Festival Brasileiro da Cerveja 2019 (Blumenau, Brazil)
14 - 16: Alltech Craft Brews & Food Fair 2019 (Dublin, Ireland)
15 - 17: Barcelona Beer Festival 2019 (Barcelona, Spain)
27 - 28: Craft Beer Italy 2019 (Milan, Italy)
27 - 29: 10th World Barley, Malt & Beer Conference (Warsaw, Poland)

April 2019:
08 - 11: Craft Brewers Conference & BrewExpo America 2019 (Denver, Colorado, USA)
10 - 12: Drink Technology India 2019 (Bengaluru, India)
26 - 28: Zythos Beer Festival 2019 (Leuven, Belgium)

May 2019:
07 - 09: International Beer Strategies Conference 2019 (Dublin, Ireland)
15 - 17: Craft Beer China 2019 (Shanghai, China)
21 - 24: Beer 2019 (Sochi, Russia)
21 - 26: Latvia Beer Fest 2019 (Riga, Latvia)
21 - 23: Africa Brewing Conference 2019 (Addis Ababa, Ethiopia)
22 - 25: Mondial de la Biere 2019 (Montreal, Canada)
23 - 25: Copenhagen Beer Festival 2019 (Copenhagen, Denmark)
28 - 30: Brasil Brau 2019 (Sao Paulo, Brazil)
30 - 01 June: Expo Wine + Beer 2019 (Santiago de Chile, Chile)

June 2019:
02 - 06: The 37th Congress of the European Brewery Convention (Antwerp, Belgium)
03 - 04: The Brewers of Europe Forum 2019 (Antwerp, Belgium)
09 - 11: Brewing Conference 2019 (Bangkok, Thailand)
25 - 26: BevExpo 2019 (Ricoh Arena, Judds Lane, Coventry, United Kingdom)

July 2019:
03 - 04: Craft Drinks India 2019 (Bengaluru, India)
09 - 11: Fdt Africa 2019 (Midrand, South Africa)

August 2019:
02 - 04: The 23rd International Berlin Beer Festival (Berlin, Germany)
06 - 10: The Great British Beer Festival 2019 (London, UK)
07 - 10: VIETFOOD & BEVERAGE - PROPACK 2019 (Ho Chi Minh City, Vietnam)
09 - 10: Beervana 2019 (Wellington, New Zealand)

September 2019:
04 - 08: Mondial de la Biere 2019 (Rio de Janeiro, Brazil)
21 - 06 October: Oktoberfest 2019 (Munich, Germany)
26 - 27: Sea Brew 2019 (Bangkok, Thailand)
26 - 28: Stockholm Beer & Whisky Festival 2019 (Stockholm, Sweden)

October 2019:
03 - 05: Stockholm Beer & Whisky Festival 2019 (Stockholm, Sweden)
03 - 05: The Great American Beer Festival 2019 (Denver, USA)

November 2019:
12 - 14: Brau Beviale 2019 (Nuremberg, Germany)
27 - 29: Drink Japan 2019 (Makuhari Messe, Japan)

December 2019:
05 - 07: Drink Technology India 2019 (New Delhi, India)
More events are available on site e-malt.com

BreweryBrewery News Brewery

Brewery newsRussia: Beer production up in 2018 and in January 2019
Russian brewers produced a total of 4.16 mln hl of beer in January 2019, 0.8% more than in January 2018 and 24.4% less than ...More info on site

Brewery newsMalaysia: Heineken Malaysia posts 4.6% jump in annual net profit
Heineken Malaysia Bhd, which posted a 4.6% jump in its net profit for the financial year ended Dec 31, 2018 (FY18), remains cautious about ...More info on site

Brewery news New Zealand: New Zealand boasts of 4.56 breweries per 100,000 people
New Zealanders are a right bunch of hopheads, with more commercial breweries per capita than the US, UK or Australia, Stuff.co.nz reported on February 18.

A survey of the industry by the Brewers Association counts 218 breweries, making for roughly 4.56 breweries per 100,000 people.

That compares to just 3.04 breweries per 100,000 people in beer-mad Britain, 2.1 per 100,000 in Australia, and 1.96 per 100,000 in the US.

The brewing boom, and explosion in choice, was turning New Zealand into a beer tourism destination, said Dylan Firth, executive director of the Brewers Association.

"Kiwi beer is also contributing to our growing tourism market, with NZ$242 million being spent on beer by international visitors," said Firth.

"This is unsurprising as New Zealand has a growing reputation internationally as a beer tourism destination."

Tourism has not driven the brewing boom, however. Changing tastes of domestic beer-drinkers, who are drinking less, but higher quality, beer, was behind the country's brewing renaissance.

From the grain to the glass, the brewing industry was now worth NZ$2.3 billion in the year to March 2018, Firth said, with the numbers calculated by New Zealand Institute of Economic Research (NZIER).

This included brewers buying NZ$593 mln of goods and services from New Zealand suppliers, including ...More info on site

Brewery newsLatvia: Beer production drops 4.8% in 2018
With 78.097 million litres of beer produced in 2018, Latvia total output dropped 4.8 percent from a year before, according to the State Revenue ...More info on site

Brewery news Azerbaijan: Carlsberg Azerbaijan reports successful 2018
In 2018, Carlsberg Azerbaijan continued to grow in all sales channels, which became possible due to the growth of the beer market in the country, Trend News Agency reported on February 18.

In 2018, the company's shipments increased compared to 2017 thanks to a stabilization of the macroeconomic environment in the country, favorable weather conditions and key projects aimed at improving efficiency and increasing sales volumes. It is also worth noting the positive impact of the increase in tourist flow to the country in 2018.

The company showed growth in volumes and market share in all sales channels. Thus, the growth of market share in the traditional trade channel (small shops) was +1.1%, in the modern trade channel (large chain supermarkets) +2%, and in the on-trade channel (pubs, restaurants) +7%.

Carlsberg Azerbaijan brewery is located in Khirdalan, 10 kilometers from the capital of Azerbaijan. The production capacity of the plant is 800,000 hl per year, the company employs about 250 people directly and about 400 indirectly (distributors, agencies, contractors). The company’s annual state budget contributions are about AZN15 million. Its portfolio includes such popular brands as Xirdalan, Tuborg, Baltika 7, Baltika 0, Baltika 9, Baltika 4, Baltika KULER, Efsane, Zhigulevskoe Firmennoe, Carlsberg, Holsten, ...More info on site

Brewery news Japan: Four leading brewers intensify sales war over third-tier beer
Japan’s four largest brewing companies are intensifying their sales war over low-cost “third-tier beer”, The Japan News reported on February 18.

With a hike in the consumption tax rate looming in October that is expected to make consumers more budget-conscious, there has been a spate of new product releases and re-releases of old ones.

Asahi Breweries Ltd. released its newest third-tier beer — “Gokujo Kireaji” — at the end of January. The beverage is made with barley spirits and the company’s advanced fermentation technology in an effort to approximate the taste of regular beer.

While attending a sales event with actress Ryoko Yonekura, who has appeared in television commercials for the beverage, Asahi President Shinichi Hirano said the company aimed to sell 3 million 20-bottle cases per year.

The four companies expect to sell 397.5 million cases in the beer category overall this year, a 1.9 percent increase over last year’s sales.

This comprises 193.1 million cases of regular beer, a 1 percent increase; 48.8 million cases of low-malt beer, a 2 percent decrease; and 155.6 million cases of third-tier beer, a 4.3 percent increase.

Compared to regular beer, which contains at least 50 percent malt, taxes are lower on low-malt beer, which contains less than ...More info on site

Brewery news Nigeria: Nigerian Breweries sees 2018 turnover decline 4.1%
Nigerian Breweries, 56% owned by international brewery group Heineken, is to be monitored this week on the Nigerian stock exchange. The company ended last week with a 3.75% rise on the exchange but it later published not so positive 2018 results, the Ecofin Agency reported on February 18.

Its turnover that year was NGN350.3 billion ($960 million), representing a 4.1% decrease compared with the 2017 results when it is adjusted to the new IFRS 15 accounting standard. Nigerian Breweries explains that this new standard has a different approach for calculation.

This led to an increase by NGN21.4 billion of the initial 2017 turnover (that was finally NGN365.8 billion against NGN344.5 billion initially).

The logical outcome is a decrease by 35.4% and 41.1% of its operating income and net profit respectively despite reduced expenses.

For shareholders, the final dividend for the 2018 fiscal year will be NGN1.83 per share, 41.5% lower than the NGN3.13 received for the 2017 fiscal year.

Brewery news USA: AB InBev to release Bud Light Lemon Tea
Anheuser-Busch (AB InBev) is preparing to release Bud Light Lemon Tea after its new labelling received approval from the federal authorities, the Drinks Insight Network reported on February 20.

The new label describes the product as ‘lager brewed with real lemon peels and aged on tea leaves with natural flavours’. It was approved by the federal Alcohol Tobacco Tax and Trade Bureau for 25oz cans and 12oz bottles.

AB InBev listed all 12 of its US breweries in the application.

Similarly to previous Bud Light extensions such as Bud Light Lime and Bud Light Orange, Bud Light Lemon Tea will be offered with 4.2% alcohol-by-volume (ABV).

According to the company’s website, the Bud Light line extensions use hop extracts, including orange, lime, platinum and chelada extra lime.

Shipments of Bud Light are reported to have dropped by 6.7% in 2018, despite the success of Bud Light Orange, which was released last year. According to Beer Marketer’s Insights, it was the largest percentage decline on record.

MillerCoors editorial communications manager Peter Frost said in order to get the brand back on track, AB InBev seems to be taking a two-pronged approach; continue filling its distribution pipeline with line extensions and go after its competitors.

BarleyBarley News Barley

Barley news Kazakhstan: Barley crop up 20.2% to record volume last year
According to official information of the Statistics Committee of Kazakhstan, total production of grains and pulses in the country was around 20.3 mln tonnes in 2018, or 1.5% less than in 2017, UkrAgroConsult reported on February 19.

The 2018 grain crop decline was accounted for mostly by a 5.8% drop in wheat production, to 13.9 mln tonnes. On the other hand, as UkrAgroConsult analysts had forecast, a substantial rise is observed in the barley crop, by 20.2% to a record 4 mln tonnes.

At the same time, despite a 6% decline in the 2018 wheat harvest, grain exports from the country hit new highs this season. The current level has been achieved at the expense of both record barley supplies and rising exports of wheat. However, a slowdown is observed in flour shipments to foreign markets.

Barley news China & Uruguay: China allows imports from barley from Uruguay
China has allowed imports of corn and barley from Uruguay starting this month, two separate notices from the General Administration of Customs said.

Barley from Uruguay that meets quarantine requirements can be imported from Feb. 15, the first notice said. Uruguayan corn can enter China from Feb. 18, according to the second customs notice.

The new trade move came as Beijing pushes to diversify imports amid rocky trade relations with its major grains suppliers, including the United States and Australia.

It also imposed a 25 percent tariff last July on a list of U.S. products, including corn and sorghum, two other major animal feed ingredients, in response to similar moves by Washington.

Beijing and Washington have resumed talks following a trade truce agreed on by leaders from the two countries on December 1, but China’s hefty penalties on U.S. grains cargoes remained, effectively curbing trade.

Beijing also approved corn and barley imports from Kazakhstan in late November last year.

WhiskyWhisky News Whisky

Whisky news World: Report says acquisition of Pernod Ricard by LVMH and Diageo is "a likely scenario"
According to a new report by Berenberg analysts, a consortium-led acquisition of Pernod Ricard by LVMH and Diageo is "a likely scenario", the Hospitality Ireland reported on February 19.

The report stated that LVMH "could take the lead in a potential bid", with such a transaction potentially bringing about the end of a joint venture that LVMH and Diageo have had since 1987.

Such a deal could bring Irish drinks brands such as Guinness and Jameson under a single corporate umbrella.

LVMH is estimated by Berenberg to have almost $40 billion in resources for takeovers, meaning that a joint purchase of Pernod would "make sense" from both a financial and regulatory point of view, according to Berenberg analyst Zuzanna Pusz.

The Irish Independent quotes Pusz as saying, "An efficient split of brands between LVMH and Diageo should overcome any regulatory hurdles that such a deal would face."

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