If you want to see this letter from our site, please follow this link. http://www.e-malt.com/Publications.asp?16025
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

Last five Flashes

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 evolution

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 Flash 12b
March 19 - March 22, 2020

Quote of the Week

A will finds a way.
Orison Swett Marden

             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: Euro
on March 20, 2020
Base Currency: US Dollar
on March 20, 2020
      1 EUR = 1.0793 USD
1 EUR = 0.9342 GBP
1 EUR = 1.5682 CAD
1 EUR = 1.8853 AUD
1 EUR = 118.3800 JPY
1 EUR = 5.5191 BRL
1 EUR = 86.5290 RUB
1 EUR = 7.6552 CNY
      1 USD = 0.9263 EUR
1 USD = 0.8655 GBP
1 USD = 1.4529 CAD
1 USD = 1.7460 AUD
1 USD = 109.6800 JPY
1 USD = 5.1136 BRL
1 USD = 80.1708 RUB
1 USD = 7.0927 CNY

Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend

March 20, 2020
French Barley/Malt
Crop 2019
2RS Malting Barley (FOB Creil) 158.50-160.50 -
6RW Malting Barley (FOB Creil) 153.00-155.00 -
Feed Barley (FOB Creil) 155.00-157.00up2.63%
2RS Malt (FOB Antwerp) 352.00-354.00 -
6RW Malt (FOB Antwerp) 345.50-347.50 -
French Barley/Malt
Crop 2020
2RS Malting Barley (FOB Creil) 171.50-173.50 down0.58%
6RW Malting Barley (FOB Creil) 167.00-169.00 -
2RS Malt (FOB Antwerp) 365.00-367.00 down0.34%
6RW Malt (FOB Antwerp) 360.00-362.00 -
German Malting Barley
Crop 2019
Ex Farm
Average Malting Barley Price 167.50-169.50 down0.82%
Danish Malting Barley
Crop 2019
Free on truck
Ex Farm
Malting Barley (East) 1,174.00-1,176.00 up1.73%
Malting Barley (West) 1,214.00-1,216.00 up3.40%
-No change; upPrice increase; downPrice decrease versus last publication.

Click here to see our Market Prices History.

Top Industry News

Brewery news China: China Resources Beer reports 34% increase in 2019 net profit ...Click here
Brewery news Belgium: Brewers planning to suspend production to help against spread of Covid-19 ...Click here
Brewery news Tanzania: East African Breweries Limited seeking to acquire an additional 30% stake in Serengeti Breweries ...Click here

Barley news Canada: Barley supply up 17% in 2019-20 ...Click here

More Industry News

Brewery news USA: Beer industry calls for $5 billion in federal assistance ...Click here
Brewery news USA: Survey by Brewers Association shows 99% of craft brewers feeling economic impact of COVID-19 pandemic ...Click here
Whisky news Japan: Kirin announces release of two new domestic whisky brands ...Click here
Brewery news India: United Breweries appoints new CEO and managing director from August this year ...Click here
Brewery news EU: Brewers and distillers using production facilities to make hand sanitizer ...Click here
Brewery news World: Carlsberg CEO’s salary decreases in 2019 ...Click here
Brewery news Vietnam: Heineken launches its non-alcoholic Heineken® 0.0 lager in Vietnam ...Click here

Graph of the week

Table of the week

US Hop Exports

Table of the week.
Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

These Days in Business History

19 March
1775 - Poland and Prussia sign trade agreement
1831 - 1st U.S. bank robbery (City Bank, New York/$245,000)
1965 - Indonesia nationalizes all foreign oil companies

20 March
1886 - 1st AC power plant in U.S. begins commercial operation, Massachusetts
1991 - U.S. forgives $2 billion in loans to Poland
2000 - Shares in MicroStrategy Inc., a hot software consulting firm, fall from $246.75 to $86.75 in a single day as chairman Michael Saylor announces that the company will have to slash its reported revenues and earnings for the past two years

21 March
1868 - In London, the prospectus for the earliest known mutual fund is published as the Foreign and Colonial Government Trust offers its shares to the public for 85 pounds sterling
1906 - John D Rockefeller III is born, billionaire philanthropist (oil)
1986 - 199.22 million shares traded in New York Stock Exchange
1986 - Pittsburgh Associates buy Pittsburgh Pirates for $218 million

22 March
1895 - Auguste and Louis Lumiere show their 1st movie to an invited audience
1933 - Franklin D. Roosevelt makes wine and beer with up to 3.2% alcohol legal
1960 - 1st patent for lasers, granted to Arthur Schawlow and Charles Townes


April 2020:
01 - 02: Expo Antad & Alimentaria Mexico 2020 (Expo Guadalajara, Mexico)
24 - 06 July: Copa Cervezas de America 2020 (registration: 24 Apr-6 Jul) (Mar del Plata, Argentina)

May 2020:
01 - 02: Tallinn Craft Beer Weekend 2020 (Tallinn, Estonia)
05 - 07: International Beer Strategies Conference 2020 (Munich, Germany)
14 - 16: Copenhagen Beer Festival 2020 (Copenhagen, Denmark)
15 - 17: Mondial de la Biere - Paris 2020 (Paris, France)
18 - 24: Budapest Beer Week 2020 (Budapest, Hungary)
19 - 21: Beer 2020 (Sochi, Russia)
21 - 24: Mondial de la Biere 2020 (Montreal, Canada)
22 - 30: Latvia Beer Festival 2020 (Riga, Latvia)
25 - 27: Africa Brewing Conference 2020 (Maputo, Mozambique)

June 2020:
03 - 04: The Brewers of Europe Forum 2020 (Antwerp, Belgium)
04 - 07: Mondial de la Biere - Sao Paulo 2020 (Sao Paulo, Brazil)
04 - 07: Wiener Bierfest 2020 (Vienna, Austria)
09 - 12: Aro Rojo International Beer Cup 2020 (Tampico, Mexico)

July 2020:
01 - 02: Craft Drinks India 2020 (Bangalore, India)
01 - 03: Craft Beer China 2020 (Shanghai, China)
29 - 31: Beviale Mexico 2020 (Guadalajara, Mexico)
30 - 01 August: Korea International Beer Expo 2020 (Seoul, South Korea)

August 2020:
01 - 04: World Brewing Congress 2020 (Minneapolis, USA)
07 - 08: Beervana 2020 (Wellington, New Zealand)
13 - 15: VIETFOOD & BEVERAGE - VIETNAM 2020 (Ho Chi Minh City, Vietnam)

September 2020:
01 - 03: Modern Brewing Technologies 2020 (Moscow, Russia)
02 - 04: Beviale Moscow 2020 (Moscow, Russia)
02 - 05: Expo Trade, Brewers Conference & Mar del Plata Beer Week 2020 (Mar del Plata Argentina)
03 - 07: Mondial de la Biere Rio 2020 (Rio de Janeiro, Brazil)
03 - 05: Zurich Bier Festival 2020 (Zurich, Switzerland)
05 - 05: Copa Cervezas de America 2020 (Award Ceremony) (Mar del Plata, Argentina)
14 - 25: Craft Brewing in Practice 2020 (Berlin, Germany)
19 - 04 October: Oktoberfest 2020 (Munich, Germany)
21 - 23: 11th Ibero-American VLB Symposium 2020 (Barcelona, Spain)

October 2020:
13 - 16: China Brew & China Beverage (CBB) 2020 (Shanghai, China)
29 - 30: Sea Brew 2020 (Taipei, Taiwan)

November 2020:
10 - 12: Brau Beviale 2020 (Nuremberg, Germany)
25 - 27: Drink Japan 2020 (Tokyo, Japan)

December 2020:
09 - 11: Drink Technology India 2020 (Mumbai, India)

More events are available on site e-malt.com

BreweryBrewery News Brewery

Brewery newsChina: China Resources Beer reports 34% increase in 2019 net profit
China Resources Beer said net profit increased by 34 percent to 1.31 billion yuan (HK$1.45 billion) last year from 2018 due to its brand ...More info on site

Brewery news Belgium: Brewers planning to suspend production to help against spread of Covid-19
Some of Belgium’s major brewers are planning to suspend production as long as the measures against the spread of the new coronavirus (Covid-19) continue, De Tijd reports.

The reason is the loss of income as a result of the closure of bars and restaurants, which leaves brewers with retail stores as their only outlet for product. Retail in shops is not the biggest market for many brewers, other than the very biggest brands like Jupiler and Maes.

“Our warehouses are overflowing,” said Alain De Laet, CEO of Huyghe brewery in Malle in East Flanders, which makes Delirium Tremens.

Supermarkets, which remain open, have seen some panic-buying of beer as well as hygiene articles.

“There we have seen an increase in sales of 70%” said Edwin Dedoncker, chief executive of St Feuillien of Le Rœulx in Hainaut province. That does not, however, make up for lost horeca sales.

“It’s utopic to think that our total turnover could remain stable this year, never mind growing,” he said.

Frank Boon in Lembeek in Flemish Brabant is one of the largest brewers of lambic-based beers like geuze and kriek. He estimates his sales will be 20% down in March, and 80% down in April.

“All the beer we have brewed already ...More info on site

Brewery newsTanzania: East African Breweries Limited seeking to acquire an additional 30% stake in Serengeti Breweries
East African Breweries Limited is seeking to acquire an additional 30 per cent stake in Serengeti Breweries Limited, as it moves for a bigger ...More info on site

Brewery news USA: Beer industry calls for $5 billion in federal assistance
The Beer Institute and other alcohol beverage producers' groups wrote to congressional leadership to ask for a stabilization fund of $5 billion to provide cash advances to their businesses in order to sustain them through the coronavirus pandemic, The Hill reported on March 19.

“Absent relief, a large number of distilleries, breweries, wineries, and cideries may be forced to permanently close their doors as a result of COVID-19. Producers across the country have begun already shutting down and suspending production as tourism precipitously declines, bars and restaurants close, and Americans stay home to prevent the further spread of COVID-19,” the groups wrote in a letter sent on March 18.

They asked that Congress consider expanding unemployment insurance, suspending payroll taxes, providing federal excise tax relief and no- and low-interest loan assistance and creating the $5 billion stabilization fund so businesses have enough receivables to pay their employees and to borrow against.

The alcoholic beverage sector overall supports over 5.4 million jobs and generated more than $562 billion in economic activity in 2018, according to the letter. The beer industry specifically supports more than 2.1 million jobs and contributes over $328 billion annually.

The letter was signed by CEOs from the Beer Institute, Brewers ...More info on site

Brewery news USA: Survey by Brewers Association shows 99% of craft brewers feeling economic impact of COVID-19 pandemic
A survey by the Brewers Association takes a sobering look at how the COVID-19 outbreak is impacting craft breweries, many of which are seeing a curb in production or, worse still, have had to close their dining and tap rooms to customers until further notice — that's the situation in Ohio, the Crain’s Cleveland Business reported on March 20.

The BA survey is ongoing. All craft breweries are welcome to take part.

So far, just 1% of the 619 breweries that completed the survey said their businesses have not been impacted by the pandemic. Of all respondents, 90% said they're feeling impacts to onsite sales, 59% said they feel it on distributor orders, and 89% said they've had to cancel events.

Some of this is to be expected. But the numbers help bring context to the situation.

So far, more than 95% of all respondents say they anticipate year-over-year sales to be down over the next month, 64% have reported scaled back production and nearly 58% are anticipating layoffs (only 9.5% of respondents specifically said they anticipate no layoffs).

That "in no way implies that anywhere near half of small brewery jobs are in jeopardy," BA chief economist Bart Watson clarified for Brewbound. "That said, ...More info on site

Brewery news India: United Breweries appoints new CEO and managing director from August this year
United Breweries, India’s biggest brewer that sells Kingfisher, has appointed Rishi Pardal as the new CEO and managing director from August this year. Pardal will succeed Shekhar Ramamurthy (58) who is due to retire from the company this July, stated a stock exchange filing, the Economic Times reported on March 18.

Pardal will join UB on June 12 in preparation for taking charge from Ramamurthy and familiarise with the business. He will hold office as MD for a period of five years which will be extendable based on approval of the shareholders thereafter.

Pardal’s last stint was as vice president and general manager at Avery Dennison Corporation, a Fortune 500 Company based out of Hong Kong. Prior to this role, he was the MD of Marico Bangladesh, following a 14-year career in sales and management roles with Hindustan Unilever. Pardal is an alumnus of the Indian Institute of Foreign Trade, New Delhi.

Shekhar Ramamurthy, who will retire on July 31, was with the UB Group for 31 years, of which, the last five years spent as its CEO and MD.

Heineken-controlled UB had reported a net profit decline of 2.56% at Rs 106.37 crore for the third quarter ended December, while net sales was ...More info on site

Brewery news EU: Brewers and distillers using production facilities to make hand sanitizer
Brewers and distillers across Europe are using their production facilities to make hand sanitizer to help fight the coronavirus outbreak, CNN reported on March 18.

BrewDog, Leith Gin, Verdant Spirits and Pernod Ricard are all getting involved in efforts to ramp up production of hand sanitizer, which has become scarce in many countries due to a massive spike in demand.

The announcements follow a raft of similar efforts from some distilleries in the United States.

BrewDog announced it would start making hand sanitizer at its brewery in Scotland on Twitter on March 18.

"We are determined to do everything we can to try and help as many people as possible stay safe. It's time to keep it clean," tweeted the company.

Another Scottish company, Leith Gin, made its own announcement on March 17.

"We have suspended spirit production and are making high strength hand sanitiser for those in need in our local community," tweeted the company.

The distillery also appealed for donations of small plastic bottles to use as packaging.

Verdant Spirits, a distillery based in Dundee, Scotland joined in the efforts on March 17, tweeting an appeal for donations.

"We've been asked to switch our production temporarily to make hand sanitiser for our local health workers," said the ...More info on site

Brewery news World: Carlsberg CEO’s salary decreases in 2019
Cees ‘t Hart, the chief executive of Danish brewing giant Carlsberg, took home a smaller salary last year after his share-based payments were cut back, The Drinks Business reported on March 19.

Carlsberg’s supervisory board approved the new annual report on March 17, which outlined the brewer’s sales performance across all markets, its sustainability targets for the years ahead, and executive’s salaries.

Operating profit in increased organically by 10.7% last year, which the brewer said was thanks to growth in Asia and Western Europe, which “more than offset the decline in Eastern Europe.”

Revenues in Asia grew organically by 12.3% in the year to 31 December, which the CEO said was a result of a 6% increase in volumes and an increase in sales of more expensive brands.

But Hart took home DKK 2.7 million less last year despite an overall increase in annual salary.

Hart’s fixed salary increased from DKK 12.3 million in 2018 to DKK 12.6 million last year, but was given a smaller cash bonus, share-based payments and remuneration, according to the report.

Carlsberg said the “potential maximum bonus for the CEO and CFO was 100% of fixed salary, with a bonus equal to 60% of fixed salary payable for on-target performance.”

The brewery ...More info on site

Brewery news Vietnam: Heineken launches its non-alcoholic Heineken® 0.0 lager in Vietnam
Heineken presented its latest innovation in Vietnam, Heineken® 0.0, a non-alcoholic lager brewed with a unique recipe for a distinct balanced taste – and only 69 calories per 330ml bottle, the Viet Nam News reported.

First launched in the Netherlands in 2017, Heineken® 0.0 is now available in 57 markets around the world, including Europe, North America, Australia and Asia. Vietnam will be the 58th market to launch Heineken® 0.0, in 330ml bottles and cans. The brand’s iconic green label has been turned blue – the color associated with the non-alcoholic category.

Heineken’s® Master Brewers created the new zero-alcohol beer using only natural ingredients, resulting in a beer brewed for beer lovers, by beer lovers. Willem van Waesberghe, Global Craft and Brew Master at Heineken, said, “Removing alcohol from regular 5% Heineken® would have been easy, but it wouldn’t deliver the best tasting non-alcoholic beer. Heineken® 0.0 is brewed from scratch and has a perfectly balanced taste with refreshing fruity notes and soft malty body.”

Heineken® 0.0 is brewed with the same natural ingredients used for Heineken® Original (water, malted barley, hops, and Heineken® A-Yeast). The alcohol is gently removed through a sophisticated process of vacuum distillation then the beer is double brewed ...More info on site

BarleyBarley News Barley

Barley news Canada: Barley supply up 17% in 2019-20
For 2019-20, total supply of barley in Canada increased by 17% from 2018-19 to 11.285 mln tonnes due to higher production and despite historically low carry-in stocks, Agriculture and Agri-Food Canada said in its March report.

Domestic use is expected to increase significantly, due to higher feed use, the analysts said.

Exports are expected to increase slightly (to 3.15 mln tonnes) due to higher exports of barley products.

Carry-out stocks are forecast to rise sharply from last year (to 1.7 mln tonnes) due to higher supply.

The average price of feed barley is expected to be lower than 2018-19, due to increased supply in Canada, the US and around the world.

In the US, barley production increased by 12%, however total supply increased by only 6%, due to a decline in carry-in stocks according to the USDA. Imports are expected to increase by more than half of the level of last year. Total use is expected to increase by 2% and carry-out stocks are expected to increase by 12%. The average farm price of barley in the US is expected to rise by US$0.03/bushel (bu) to US$4.65/bu from last year.

World barley production and supply in 2019-20 increased to its highest ...More info on site

WhiskyWhisky News Whisky

Whisky news Japan: Kirin announces release of two new domestic whisky brands
Kirin Brewery Co. on March 17 announced the release of two new domestic whisky brands, The Japan Times reported.

The Fuji and Riku whiskies will be the first additions to the Kirin Holdings Co. unit’s lineup of the liquor in some 15 years.

The move follows widespread supply shortages of domestic whisky due to the popularity of highballs, or whisky mixed with soda. Sales of aged whiskies are being suspended as a result of the spike in demand.

Kirin hopes the new brands will help expand its market share in Japan and abroad.

Fuji uses a whisky from a distillery in Shizuoka Prefecture and has a rich, sweet aroma. The product was named after Mount Fuji, which straddles Shizuoka and Yamanashi prefectures, in anticipation of the liquor being exported to the West.

Fuji is targeted at restaurants, with a price tag of around ¥6,000 per 700-milliliter bottle. The whisky will go on sale on April 21.

The Riku whisky blends whiskies from overseas distilleries and lends itself to being prepared in a variety of ways, including mixed with water. It will go on sale May 19 at a price of around ¥1,500 per 500-milliliter bottle.

Liquor companies are ramping up their production facilities and refining their whisky ...More info on site

Copyright © E-Malt s.a. 2018