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Flash Summary
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E-Malt.com Flash 49a
December 02 - December 04, 2019
Quote of the Week
Not all chemicals are bad. Without chemicals such as hydrogen and oxygen, for example, there would be no way to make water, a vital ingredient in beer.
Dave Barry
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Currency Rates
Base Currency: Euro
on December 04, 2019 |
Base Currency: US Dollar
on December 04, 2019 |
| |
1 EUR = 1.1078 USD
1 EUR = 0.8537 GBP
1 EUR = 1.4734 CAD
1 EUR = 1.6194 AUD
1 EUR = 120.5900 JPY
1 EUR = 4.6653 BRL
1 EUR = 71.0426 RUB
1 EUR = 7.8113 CNY
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1 USD = 0.9026 EUR
1 USD = 0.7706 GBP
1 USD = 1.3301 CAD
1 USD = 1.4617 AUD
1 USD = 108.8500 JPY
1 USD = 4.2113 BRL
1 USD = 64.1290 RUB
1 USD = 7.0511 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| December 04, 2019 |
French Barley/Malt
Crop 2019
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
159.50-161.50 |  0.63% |
| 6RW Malting Barley (FOB Creil) |
159.00-161.00 | 0.63% |
| Feed Barley (FOB Creil) |
160.00-162.00 |  |
| 2RS Malt (FOB Antwerp) |
351.50-353.50 | 0.52% |
| 6RW Malt (FOB Antwerp) |
351.00-353.00 | 0.52% |
French Barley/Malt
Crop 2020
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
172.50-174.50 |  0.57% |
| 6RW Malting Barley (FOB Creil) |
168.00-170.00 | |
| 2RS Malt (FOB Antwerp) |
366.50-368.50 | 0.33% |
| 6RW Malt (FOB Antwerp) |
361.00-363.00 | |
German Malting Barley
Crop 2019
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
nq | |
Danish Malting Barley
Crop 2019
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,204.00-1,206.00 | |
| Malting Barley (West) |
1,204.00-1,206.00 | |
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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.
EU: Malt market continues to show full capacity use well into 2021
...Click here
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USA: Beer production likely to hit decade-low this year
...Click here
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Sri Lanka: Lion Brewery expected to enjoy 12% sales growth in FY2020
...Click here
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Antigua and Barbuda: Carib Brewery looking to establish production in Antigua and Barbuda
...Click here
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EU: Central EU barley crops disappoint for second year in a row
...Click here
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India: Diageo to merge with its Pioneer Distilleries subsidiary
...Click here
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France: Wheat and barley crop condition deteriorates again, farm office says
...Click here
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Japan & Russia: Japan’s Niigata Beer to start distilling whisky in Russia
...Click here
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Graph of the week
Table of the week
Asia Barley Imports, Production, Consumption, and Stocks
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
POURABLE HOP EXTRACTS
ABSTRACT
An article from JIH researchers provides a very good overview of the hop extract
product range. CO2 extraction offers a wide range of conditions to produce products with slightly different properties. What can make CO2 hop extract difficult to use, however, is its consistency, as conventional CO2 extract has to be warmed up before dosing to make it flowable. Throughout the past few years, we have developed flowable hop extracts that are easy to dose.
They can be used on the hot side or cold side of the brewing process, for bittering or aromatic purposes.
REFERENCES:
Byelashov, A. et al: Pourable Hop Extracts: Innovations in Reducing Beer Loss and Maximizing Flavor, MBAA TQ vol. 56, no. 4 - 2019 - pp. 130–132
Source: Barth Innovations
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These Days in Business History
02 December
1816 - 1st savings bank in U.S. opens (Philadelphia Savings Fund Society)
1901 - Gillette patents 1st disposable razor
1927 - 1st Model A Fords sold, for $385
03 December
1621 - Galileo invents telescope
1967 - 1st human heart transplant performed (Dr. Christian Barnard, South Africa)
04 December
1619 - America's 1st Thanksgiving Day (Va)
1791 - Britain's Observer, oldest Sunday newspaper in world, 1st published
1851 - President Louis Napoleon Bonaparte forces crush a coup d'etat in France
1930 - Vatican approves rhythm method for birth control
1933 - Franklin Roosevelt creates Federal Alcohol Control Administration
Agenda
December 2019:
05 - 07: Drink Technology India 2019 (New Delhi, India)
January 2020:
31 - 01 February: Braukunst Live! 2020 (Munich, Germany)
February 2020:
04 - 08: Great British Beer Festival Winter 2020 (Norwich, UK)
07 - 10: HoReCa 2020 (Athens, Greece)
07 - 09: Finest Spirits 2020 (Munich, Germany)
15 - 18: Beer Attraction 2020 (Rimini, Italy)
24 - 26: Beviale Moscow 2020 (Moscow, Russia)
March 2020:
09 - 11: 107th Brewing and Engineering Congress 2020 (Rust, Germany)
11 - 12: BeerX 2020 (Liverpool, UK)
April 2020:
19 - 22: Craft Brewers Conference & BrewExpo America 2020 (San Antonio, Texas, USA)
25 - 26: Zythos Beer Festival 2020 (Leuven, Belgium)
May 2020:
05 - 07: International Beer Strategies Conference 2020 (Munich, Germany)
13 - 15: Craft Beer China 2020 (Shanghai, China)
19 - 21: Beer 2020 (Sochi, Russia)
21 - 24: Mondial de la Biere 2020 (Montreal, Canada)
June 2020:
03 - 04: The Brewers of Europe Forum 2020 (Antwerp, Belgium)
July 2020:
29 - 31: Beviale Mexico 2020 (Guadalajara, Mexico)
August 2020:
07 - 08: Beervana 2020 (Wellington, New Zealand)
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Malt News
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EU: Malt market continues to show full capacity use well into 2021
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The EU malt market continues to show a full capacity use until well into 2021 and a large increase of long-term agreements (LTAs) until
...More info on site
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Brewery News
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USA: Beer production likely to hit decade-low this year
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The number of U.S. brewing companies is at an all-time high, but domestic beer production will likely hit a decade-low before the calendar flips to 2020, Forbes reported on November 30.
According to the Beer Institute (BI), a national trade association representing the American brewing industry, U.S. brewers have shipped an estimated 2.6 million fewer barrels of beer year-to-date (YTD) through October compared to 2018.
The softer shipments represent a 1.8% decline versus last year, when U.S. beer companies combined to sell roughly 142.3 million barrels of beer through the first 10 months of 2018.
If that rate of decline holds through the remainder of the year, more than 11,000 permitted U.S. breweries would ship about 163.6 million barrels in 2019.
However, based on an analysis of domestic tax paid shipment figures from the Alcohol and Tobacco Tax and Trade Bureau (TTB) from the last nine years, U.S. brewing companies have traditionally shipped between 24 and 26 million barrels during the final two months of the year.
If beer sales were to rebound in November and December, it’s possible the industry could ship about 165.6 million barrels in 2019, which would still represent a roughly one-million-barrel decline versus last year.
Nevertheless, at the start of the
...More info on site
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Sri Lanka: Lion Brewery expected to enjoy 12% sales growth in FY2020
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Fitch Ratings expects Lion Brewery (Ceylon) PLC sales to increase by 12 percent in FY20 driven by relatively resilient demand for strong beer among
...More info on site
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Antigua and Barbuda: Carib Brewery looking to establish production in Antigua and Barbuda
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Antigua and Barbuda could be in line for further economic injection, after Cabinet recently announced it has entered into discussions with a regional brewery, for operation on the island, the Antigua Observer reported on November 30.
The company, which has been identified as Carib Brewery, is already operating in some capacity in several CARICOM countries and is slated to produce more than 60,000 cases of brewed products (including beers, malts, juices and soft drinks) for consumption and export through [this] fifth brewery, if permission is granted. These products have already been established in major Caribbean markets and in Florida – where the US plant provides products for the Caribbean diaspora in the United States.
A delegation from the company met with Cabinet this week, where they examined and discussed a draft-Memorandum of Understanding. The delegation also made the case that an Antiguan brewery would have a place in the market, as OECS-trade is dominated by beer and other beverage products.
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India: Uttar Pradehs gets its first microbrewery
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Uttar Pradesh got its first microbrewery in an Agra restaurant where customers would be served freshly-brewed draught beer as in Karnataka, the Daily Pioneer reported on November 29.
Principal Secretary (Excise) Sanjay Bhoosreddy said that, after considering relevant documents, the state government granted permission to issue MB-5 licence for setting up microbrewery in a restaurant in Agra to manufacture draught beer for serving within its premises.
“This is the first permission granted by the state government to set up a microbrewery after promulgation of UP Brewery Rules, 2019. It will be the first microbrewery to serve non-pasteurised and unbottled beer or fresh beer in place of pasteurised or bottled beer to clients,” he said.
A Government Order (GO) in this regard was issued, asking the Excise Commissioner to take further action.
The permission has been given with the condition that the terms and conditions mentioned in the UP Brewery Rules are strictly complied with.
“Setting up microbreweries will not only help in serving quality fresh beer to clients but also generate employment resulting in increase in the state’s revenue,” Bhoosreddy said.
The idea to serve unbottled beer in bars and restaurants is modelled around the liquor policy of Karnataka and Telangana. The decision was taken to
...More info on site
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Barley News
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EU: Central EU barley crops disappoint for second year in a row
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East Germany, Poland, the Czech Republic, Slovakia, Austria, and Hungary collected very poor barley crops for the second year in a row, H. M.
...More info on site
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France: Wheat and barley crop condition deteriorates again, farm office says
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The condition of French wheat and barley crops deteriorated again last week while farmers made limited headway with sowing and harvesting, data from farm office FranceAgriMer showed on November 29.
France, the European Union's largest grain producer, has had a very wet autumn so far and FranceAgriMer's data suggested a drier spell last week offered limited relief to farmers trying to wrap up winter cereal sowing and maize harvesting in soggy fields.
French farmers had completed 80% of soft wheat sowing for next year's harvest by Nov. 25, up from 74% a week earlier, FranceAgriMer said in its weekly report.
Sowing remained well behind progress seen last year, when 99% of the area had been sown by the same week, and was running a week behind the average pace of the past five years, it said.
Winter barley sowing was 89% complete by Monday, up from 86% a week earlier, and like wheat was running one week behind the five-year average.
The condition of already-sown wheat and barley crops deteriorated for the second week in a row.
An estimated 75% of soft wheat was rated good/excellent by Nov. 25 against 78% a week earlier and below a year-ago score of 82%.
The corresponding winter barley rating dropped
...More info on site
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UK: AHDB posts 2020-21 Recommended Varieties List
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A total of 28 cereal and oilseed rape varieties have joined the AHDB Recommended Lists, offering farmers higher yields and better disease resistance, Farmers Weekly reported on December 2.
Unveiled by the AHDB, the biggest changes seen on the 2020-21 Recommended List are for oilseed rape, including the return of a semi-dwarf option and a host of specialist varieties.
The spring barley list, which only saw one addition last year, gets six newcomers, four of which are potential malting varieties.
Splendor, on test for brewing, offers a yield improvement over current varieties at 107%. It joins the list along with Iconic, Firefoxx and Tungsten.
The two new spring barley feed varieties, Fairway and Prospect, offer increased yield over current varieties, particularly in the east and north regions. They are the only feed varieties on the list.
Finally, winter barley growers have two new two-row varieties to choose from, Hawking and Jordan, which offer small yield increases over varieties with similar agronomic packages.
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Whisky News
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India: Diageo to merge with its Pioneer Distilleries subsidiary
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Diageo’s Indian drinks arm, United Spirits, is set to merge with its Pioneer Distilleries subsidiary after the move was approved by the board of directors, The Spirits Business reported on December 3.
Pioneer Distilleries, a listed company that is majority owned by United Spirits Limited (USL), produces alcohol for the company at a distillery in the Nanded District of Maharashtra.
“The proposed merger is part of our strategy to consolidate the India business and further simplify the operating structure, which would result in enabling business synergies and efficiencies,” said Sanjeev Churiwala, executive director and chief financial officer at USL. “We believe this decision will maximise shareholder value for both the companies.”
Once the merger is completed, Pioneer Distilleries shareholders will receive 10 equity shares in USL for every 47 equity shares in Pioneer Distilleries. Diageo’s shareholding in USL will also be revised to 55.18% from 55.2% following the move, which is subject to statutory and shareholder approval.
This summer, Diageo invested US$27.3 million to increase its shareholding in Bangalore-based USL.
According to Diageo, USL is a “highly strategic asset” that allows the company to “capitalise on opportunities within India, one of the most exciting growth markets in the world for total beverage alcohol”.
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Japan & Russia: Japan’s Niigata Beer to start distilling whisky in Russia
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Niigata Beer stands out among the brewers and distillers of Niigata Prefecture in northern Japan. It chose to brew specialty beers, and later whisky, in a region famous for sake, the Nikkei Asian Review reported on November 30.
The area's affinity for the traditional Japanese drink meant that demand for the company's craft whisky was low. Ninety percent of the distillery's output is shipped abroad. Overseas, however, the spirits are a hit, and the company plans to start distilling whisky in Russia through a joint venture with a Russian partner.
Demand for high-quality beer and whisky is rising in Russia. Meanwhile, Niigata's public and private sectors have long promoted economic exchanges with the Russian Far East, which lies just across the Sea of Japan. Direct flights connect Niigata and Vladivostok, where Niigata Beer's new distillery will be located, every summer.
"A friend from college pushed me to start thinking about making beer in Russia," said Ken Usami, founder and CEO of Niigata Beer. The friend told him that a Russian company complained it could not find high-quality beer domestically, and it was eager to learn brewing techniques from Japan.
Usami contacted the company and launched a project to brew craft beer in Russia. When
...More info on site
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