If you want to see this letter from our site, please follow this link. http://www.e-malt.com/Publications.asp?15047
E-Malt.com NewsLetter
Newsletter Summary

RombBullet Quote of the week
RombBullet Currency rates
RombBullet Brewers equities
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

Jump  to http://www.firstkey.com

Last five graphs

Note: All graphs issued with e-malt.com newsletters are published in "Graph" section of e-malt.com site.

Last five tables

All e-malt.com tables are published in e-malt.com Statistics section. The Statistics section includes Barley statistics, Malt statistics and Beer statistics. The tables related to barley are published in Barley Statistics section, the tables related to malt in Malt Statistics section and the tables related to beer in Beer Statistics section.

Last five prices evolutions

Access to E-malt.com

Do you know

Dear E-malt Reader!

E-malt.com Newsletters Archive could be found directly on e-malt.com site. Browsing through our Newsletters Archive you may see all the issues you have missed. To this purpose you just have to login e-malt.com and click on Newsletters link in the menu. Reading our Newsletters you will be kept informed with the latest news and events regarding malting and beer world. You may also submit your own news, events or other information to the address info@e-malt.com!

You may find updated malt, barley and beer statistics on e-malt.com Statistics section. Just enter e-malt.com! Here you will find all tables issued with e-malt.com newsletters.

E-malt.com Agenda gives the possibility to keep you informed about the Events planned to be held in the whole world related to the brewing and malting industries. To this purpose you just have to login e-malt.com and click on Agenda link in the menu. Reading our Event Agenda you will find out about the future symposia, conferences and festivals related to malting and beer world. You may also submit your own events to the address info@e-malt.com

E-malt.com has Trading Online system. The system is to be used for malt/barley trading. One can register a malt/barley offer or a malt/barley request. The registering person could be as a seller/buyer or as an agent for seller/buyer. The User can see information about all active malt/barley offers & requests. If needed the system allows user to buy/sell malt/barley due to reasonable offers/requests. The way to do this is to confirm reasonable transaction. Trading Online rules are available through the Internet in the Trading Online as well as Tutorial (useful for persons who starts the system usage). To visit the E-malt Trading Online first go to the E-malt.com site, then click Trading Online link in the left menu of the e-malt.com home page. For more details please contact info@e-malt.com

Thank You!

E-malt.com Links!


If you have any comments, questions, suggestions or remarks, you can send a mail to: info@e-malt.com. To submit your own news to our editorial team, email to: info@e-malt.com

If you have received this newsletter from a colleague, you can obtain your own subscription here! You are not registered yet? You may register here.

You may recommend our site to your friend by clicking here.

If you do not wish to receive our newsletter, please unsubscribe your e-mail address from our mailing list by sending us an e-mail info@e-malt.com. Please take into consideration your registration data.

from our mailing list.

Please take into consideration your registration data.

E-Malt.com Newsletter 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

             You are one of the 54,000 professionals of the brewing and malting industries from 195 countries receiving our free bi-weekly E-malt Newsletters published since 2001. You seem to be pleased by getting them as we have registered something like 3 mln readings.
             To keep the high level of this informative reservoir in both brewing and malting industries and in order to continue to improve it we have to request a small contribution for full access to E-malt.com information.
             The majority of our readers have responded positively thus giving us the possibility to keep developing this global informative reference.
             A one-year membership costs only 181,- Euros and gives you full access to both our Full Bi-weekly Newsletter and website www.e-malt.com.

             You can pay by credit/debit card or bank transfer (against invoice). Ordering is simple, use our online secure ordering system: click hereunder to begin - you can have access in just 5 minutes!

One-year individual subscription: 181, - Euros
Two-year individual subscription: 320, - Euros
Save money when your colleagues join:

One-year group subscription for 2-5 members: 373, - Euros
One-year group subscription for 6-10 members: 555, - Euros
One-year group subscription for 11-20 members: 737, - Euros
One-year group subscription for 21-50 members: 983, - Euros
One-year group subscription for 51-100 members: 1229, - Euros

For a personal service contact our Membership staff :
Email : info@e-malt.com
Direct line : +32 (0)87 681381; Fax : +32 (0)87 352234
If calling, please note our office hours are 9am - 5pm (Belgium time)

Currency Rates

Base Currency: US Dollar
on February 20, 2019
Base Currency: Canadian Dollar
on February 20, 2019
      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
      1 CAD = 0.7550 USD
1 CAD = 0.5822 GBP
1 CAD = 0.6672 EUR
1 CAD = 1.0585 AUD
1 CAD = 83.5200 JPY
1 CAD = 2.8119 BRL
1 CAD = 49.8666 RUB
1 CAD = 5.1057 CNY

Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Brewery news USA, SC: Wide Awake Brewing Company already open in Summerville ...Click here
Brewery news USA, Washington, DC: Atlas Brew Works announces forthcoming second location ...Click here
Brewery news USA, CT: Noble Jay Brewing Co officially open in Niantic ...Click here
Brewery news USA, CO: Berthoud Brewing Co. opens brewpub in Loveland ...Click here
Brewery news USA: AB InBev to release Bud Light Lemon Tea ...Click here
Brewery news USA, NY: Blue Point Brewing Company to launch new location in Patchogue in April ...Click here
World 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
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
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

News Articles

Brewery news USA, SC: Wide Awake Brewing Company already open in Summerville
Goose Creek resident Eric Roberts turned his passion of beer brewing into a business by opening the first distribution brewery in Berkeley County. Wide Awake Brewing Company is located at 1907 Varner St. in Summerville — just east of the Summerville Town limit, The Gazette reported on February 18.

Roberts, a retired Navy veteran, said he began brewing beer as a hobby in the 1990s. Later he started a brewing club as he continued to explore the step by step process of making a satisfying ale.

His five-barrel craft beer microbrewery is named after the area where its located, an unincorporated part of Berkeley County called Wide Awake.

“We brew everything, German beers, American, IPAs, sour beers, you name it,” Roberts said. “I have a chocolate coffee stout that is a killer.”

He serves eight beers on tap in his 600-square-foot tap room but with 16 beer faucets and two nitro taps, he said he’ll soon start offering more.

His passion for making beer is less about the end product and more about the creation process.

“I enjoy making beer better than I like drinking beer,” Roberts said.

The brewing process allows him to tap into his less prominent artistic side.

“I’m very technical, very rational and logical ...More info on site

Brewery news USA, Washington, DC: Atlas Brew Works announces forthcoming second location
Atlas Brew Works (Atlas) is thrilled to announce a forthcoming second location, slated for a spring 2020 opening in Navy Yard at 1201 Half Street SE, Washington, DC, PoPville reported on February 19.

Atlas will become the first manufacturing brewery to have multiple locations within the District of Columbia with the addition of a new site boasting a tap room with 12 draft lines. The brewery and tap room will be conveniently located in one of the city’s most sought-after neighborhoods, across from the Center Field Gate at Nationals Park.

“It’s been our dream to expand Atlas and further our mission of producing environmentally responsible beer,” said Atlas Founder & CEO Justin Cox. “The tap room in Navy Yard will be double the size of the current tap room at our brewery in Ivy City, so it will definitely help us keep working towards that goal. Atlas’ portfolio of well-balanced beers offers something for everyone, and we’re excited to introduce these beers and our mission to even more people including fellow Nationals and DC United fans in our new neighborhood.”

The 4,500 square-foot space will include the brewery with a production capacity of 2,000 barrels, led by Head Brewer Daniel Vilarrubi, an ...More info on site

Brewery news USA, CT: Noble Jay Brewing Co officially open in Niantic
It may have just opened in August, but Noble Jay Brewing Co. owner Mike Lincoln joked at his ribbon-cutting ceremony on February 17 that he is the “proprietor of Niantic’s longest standing brewery”, theday.com reported.

Lincoln's establishment was the first of two breweries to open in town over the past six months — Niantic Public House opened its doors in November.

Since state laws affecting breweries changed in 2012, Lincoln said, southeastern Connecticut has developed its own “little brewing scene.”

“That’s really exciting to be a part of,” Lincoln said, stating that the openings of the Niantic Public House, Fox Farm in Salem and the Steady Habit Brewing Co. in Haddam have brought the brewing trend into towns closer to the Connecticut River.

Farther east and north, several other breweries have become successes, including the Outer Light Brewing Co. in Groton, Epicure Brewing and These Guys Brewing Co. in Norwich, The Beer'd Brewing Co. In Stonington, Cottrell Brewing Co. in Pawcatuck, Barley Head Brewery in Mystic and Grey Sail Brewing of Rhode Island in Westerly. Boston-based Trillium Brewing plans to open a farmhouse brewery in North Stonington.

“Who would have thought that Niantic was cool enough to have a place like this,” First Selectman Mark ...More info on site

Brewery news USA, CO: Berthoud Brewing Co. opens brewpub in Loveland
Another local craft brewery has broken away from the "just beer, no food" mold with the opening of a brewpub in west Loveland, the Loveland Reporter-Herald reported on February 17.

5030 Local, a collaboration of Berthoud Brewing Co. and Frederick-based Peel Handcrafted Pizza, started serving food and beer Jan. 5 in the former Fountains of Loveland building at 1480 Cascade Ave. just off West Eisenhower Boulevard.

So far, the beer being poured there is brewed at Berthoud Brewing's original location, 450 Eighth St. in Berthoud. But that will change in the next few weeks.

Jesse Sommers, co-owner of Berthoud Brewing and a partner in 5030 Local, said the new brewing facility that's almost complete on the ground floor of the Cascade Avenue site has a much larger capacity than the brewery in Berthoud and will take over the heavy lifting for the company.

The other major part of the 5030 Local grand plan — the full-service Peel Handcrafted Pizza restaurant and bar upstairs — is set to open March 1, he said.

It all started last year when Sommers and his father, Mark Sommers, who took over Berthoud Brewing in 2016, were talking about the need to expand.

Someone alerted Jesse Sommers to The Fountains facility, ...More info on site

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.

Brewery news USA, NY: Blue Point Brewing Company to launch new location in Patchogue in April
The Blue Point Brewing Company's new Patchogue location will open in April, Patch.com reported on February 15.

The new 54,000-square-foot location, which owners said cost around $40 million to build, will have a tasting room, restaurant and fresh oyster bar. It will be at the location of the former Briarcliffe College in Patchogue and is set to open on April 15.

"This new facility will not only increase our brewing capacity, but will also let beer lovers experience the people and place that inspire Blue Point every day. And we're pretty damn proud to be a part of that," the company announced on its website.

The Blue Point Brewing Company was started in 1998 when, according to the company's website, "two friends who noticed a lack of fresh beer on Long Island and wanted to lower their bar tabs." Now, the company started by Mark Burford and Peter Cotter is the biggest craft beer maker on Long Island.

In 2014, Blue Point was acquired by Anheuser-Busch for $25 million.

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

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."

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.

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.

Copyright © E-Malt s.a. 2018