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E-Malt.com Flash 14a March 30 - April 01, 2020
Quote of the Week
Someday is not a day of the week.
Denise Brennan-Nelson
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Currency Rates
Base Currency: Euro on April 01, 2020 |
Base Currency: US Dollar on April 01, 2020 |
|
1 EUR = 1.1000 USD
1 EUR = 0.8888 GBP
1 EUR = 1.5586 CAD
1 EUR = 1.7910 AUD
1 EUR = 118.9100 JPY
1 EUR = 5.7134 BRL
1 EUR = 86.5629 RUB
1 EUR = 7.7960 CNY
|
|
1 USD = 0.9090 EUR
1 USD = 0.8080 GBP
1 USD = 1.4170 CAD
1 USD = 1.6280 AUD
1 USD = 108.1000 JPY
1 USD = 5.1942 BRL
1 USD = 78.6968 RUB
1 USD = 7.0876 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
April 01, 2020 |
French Barley/Malt Crop 2019 Bulk |
EUR/T |
% |
2RS Malting Barley (FOB Creil) |
158.50-160.50 | |
6RW Malting Barley (FOB Creil) |
157.00-159.00 | 0.63% |
Feed Barley (FOB Creil) |
157.00-159.00 | |
2RS Malt (FOB Antwerp) |
352.50-354.50 | 0.16% |
6RW Malt (FOB Antwerp) |
351.00-353.00 | 0.19% |
French Barley/Malt Crop 2020 Bulk |
EUR/T |
% |
2RS Malting Barley (FOB Creil) |
169.50-171.50 | 0.58% |
6RW Malting Barley (FOB Creil) |
167.00-169.00 | |
2RS Malt (FOB Antwerp) |
362.50-364.50 | 0.34% |
6RW Malt (FOB Antwerp) |
360.00-362.00 | |
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) |
1,164.00-1,166.00 | 0.85% |
Malting Barley (West) |
1,194.00-1,196.00 | 0.83% |
No change;
Price increase;
Price decrease versus last publication.
|
Click here to see our Market Prices History.
China: Tsingtao Brewery sees 30.2% net profit increase in 2019
...Click here
|
Australia & Japan: Asahi wins conditional approval for acquiring AB InBev’s Australian unit
...Click here
|
Vietnam: Beer consumption down by up to 50% in January-February due to COVID-19 and new penalties for drink drivers
...Click here
|
Mexico: Mexico’s president says Constellation Brands accepts outcome of vote against new brewery in Mexicali
...Click here
|
USA: D.G. Yuengling and Son Inc heads top 50 craft breweries in the US
...Click here
|
Russia: Agriculture Ministry proposes to limit grain exports for three months
...Click here
|
World: China increases purchasing of Australian feed barley
...Click here
|
Japan: Brewers from overseas adding to Japan’s craft beer diversity
...Click here
|
Kenya: Ban on social gatherings leads to decline in beer sales
...Click here
|
World: Heineken appoint new presidents of Europe and Asia Pacific regions
...Click here
|
UK: Society of Independent Brewers and Simply Hops create online initiative to help breweries, taprooms, bottle shops and retailers affected by coronavirus
...Click here
|
Spain: Alcohol distribution companies pledging millions to help Spain’s struggling bars and restaurants
...Click here
|
Graph of the week
Table of the week
World Barley Supply and Distribution
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
30 March
1858 - Pencil with attached eraser patented by Hyman L. Lipman
1867 - U.S. Secretary of State William H. Seward agrees to purchase the Alaskan territories from Russia for $7,200,000
31 March
1889 - 300m Eiffel Tower officially opens, commemorates French Revolution
1896 - Whitcomb Judson, Chicago, patents a hookless fastening, also know as the zipper
1917 - U.S. purchases Danish West Indies for $25M and renames them Virgin Islands
01 April
1778 - Oliver Pollock, a New Orleans businessman, creates "$" symbol
1826 - Samuel Mory patents internal combustion engine
1891 - The Wrigley Company is founded in Chicago, Illinois
1935 - India's central banking institution, The Reserve Bank of India is formed
1986 - World oil prices dip below $10 a barrel
1989 - Margaret Thatcher's new local government tax, the Community Charge (commonly known as the "poll tax"), is introduced in Scotland
2015 - Apple Inc. is formed by Steve Jobs, Steve Wozniak, and Ronald Wayne
Agenda
April 2020:
24 - 06 July: Copa Cervezas de America 2020 (registration: 24 Apr-6 Jul) (Mar del Plata, Argentina)
May 2020:
14 - 16: Copenhagen Beer Festival 2020 (Copenhagen, Denmark)
19 - 21: Beer 2020 (Sochi, Russia)
22 - 30: Latvia Beer Festival 2020 (Riga, Latvia)
June 2020:
04 - 07: Mondial de la Biere - Sao Paulo 2020 (Sao Paulo, Brazil)
09 - 12: Aro Rojo International Beer Cup 2020 (Tampico, Mexico)
21 - 22: Planete Biere 2020 (Paris, France)
July 2020:
01 - 02: Craft Drinks India 2020 (Bangalore, India)
01 - 03: Craft Beer China 2020 (Shanghai, China)
22 - 24: Expo Antad & Alimentaria Mexico 2020 (Expo Guadalajara, Mexico)
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)
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 - 05: Zurich Bier Festival 2020 (Zurich, Switzerland)
03 - 07: Mondial de la Biere Rio 2020 (Rio de Janeiro, Brazil)
05 - 05: Copa Cervezas de America 2020 (Award Ceremony) (Mar del Plata, Argentina)
11 - 13: Mondial de la Biere - Paris 2020 (Paris, France)
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)
24 - 26: Great American Beer Festival 2020 (Denver, USA)
24 - 26: Stockholm Beer & Whisky Festival 2020 (Stockholm, Sweden)
October 2020:
02 - 03: Stockholm Beer & Whisky Festival 2020 (Stockholm, Sweden)
08 - 11: Mondial de la Biere 2020 (Montreal, Canada)
13 - 16: China Brew & China Beverage (CBB) 2020 (Shanghai, China)
23 - 25: Cerveza Mexico Expo 2020 (Mexico City, Mexico)
29 - 30: Sea Brew 2020 (Taipei, Taiwan)
November 2020:
10 - 12: Brau Beviale 2020 (Nuremberg, Germany)
11 - 11: European Beer Star 2020 - Award Ceremony & Winners' Night (Munich, Germany)
13 - 14: Beervana 2020 (Wellington, New Zealand)
18 - 18: Brussels Beer Challenge 2020 (Brussels, Belgium)
25 - 27: Drink Japan 2020 (Tokyo, Japan)
December 2020:
09 - 11: Drink Technology India 2020 (Mumbai, India)
Brewery News
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China: Tsingtao Brewery sees 30.2% net profit increase in 2019
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Tsingtao Brewery Co Ltd, China's major brewery and producer of Tsingtao Beer, saw net profit rise 30.2 percent year-on-year to 1.85 billion yuan ($2.6
...More info on site
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Australia & Japan: Asahi wins conditional approval for acquiring AB InBev’s Australian unit
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Japan’s Asahi Group Holdings Ltd won conditional approval from Australia’s competition regulator for its $11 billion purchase of Anheuser-Busch InBev’s domestic operations after agreeing
...More info on site
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Vietnam: Beer consumption down by up to 50% in January-February due to COVID-19 and new penalties for drink drivers
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Vietnam’s brewery companies have lowered their profit targets due to a severe drop in sales consumption caused by COVID-19 and strict new penalties for
...More info on site
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Mexico: Mexico’s president says Constellation Brands accepts outcome of vote against new brewery in Mexicali
|
Mexico's president said on April 1 he had held productive talks with executives from U.S. brewer Constellation Brands Inc and that they accepted the outcome of a vote in the northern city of Mexicali to cancel a billion-dollar brewery being built there, Yahoo News reported.
President Andres Manuel Lopez Obrador said in his regular morning news conference that new sites for the company's brewery are being considered and that Constellation Brands had agreed to accept a negotiated solution on how to proceed.
Mexicali is in one of the driest areas of Mexico and locals who were opposed to the brewery said the plant would endanger local water supplies. Constellation Brands disputed that.
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USA: D.G. Yuengling and Son Inc heads top 50 craft breweries in the US
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The Brewers Association—the not-for-profit trade association dedicated to small and independent American brewers—on April 1 released its annual list of the top 50 producing craft brewing companies and overall brewing companies in the U.S., based on beer sales volume. Of the top 50 overall brewing companies, 40 were small and independent craft brewing companies.
“Although 2020 will be a markedly different year than 2019 for the craft brewing market, these companies are well positioned to help the craft category weather the current market uncertainty and rebound with the flavor, variety, and innovation that beer lovers have come to expect from small brewers,” said Bart Watson, chief economist, Brewers Association.
The top 5 craft breweries, according to the Association are:
1. D.G. Yuengling and Son Inc - Pottsville, PA
2. Boston Beer Co – Boston, MA
3. Sierra Nevada Brewing Co – Chico, CA
4. New Belgium Brewing Co - Fort Collins, CO and San Francisco, CA
5. Duvel Moortgat - Paso Robles, CA, Kansas City, MO, Cooperstown, NY
The top 5 overall beer companies in the US are:
1. Anheuser-Busch InBev
2. Molson Coors
3. Constellation Brands
4. Heineken USA
5. Pabst Brewing Co
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Japan: Brewers from overseas adding to Japan’s craft beer diversity
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Craft beer can be found just about anywhere in Japan, with each brew made from local ingredients to create a variety of regional tastes. Adding to this heady mix have been increasing numbers of young, talented brewers from overseas, who leave home to practice their craft in Japan, often in small, out-of-the-way communities, the Nikkei Asian Review reported.
These foreign transplants bring homegrown tricks and techniques to concoct beers unique to Japan's thriving craft scene.
Ben Emrich is one of them. Last year, the young American chose the kitchen of a former day care facility to set up Nomcraft Brewing in the town of Aridagawa in Wakayama Prefecture. "People in Aridagawa helped us bring these tanks into this room," he said, motioning to the large brewing vessels. "They drove the car, and we built them together."
Originally from Portland, Oregon - where the craft beer boom never ended - Emrich manages the small-town brewery with Adam Baran of Chicago and Takumi Kaneko of Aichi Prefecture. The local government is trying to revive the sleepy town in west Japan, and has received urban planning advice from Emrich's home, which boasts more than 70 breweries.
Emrich first came to Japan in 2011 and worked at an
...More info on site
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Kenya: Ban on social gatherings leads to decline in beer sales
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The directive on social distancing to stop the spread of coronavirus disease, and the subsequent drop in the consumption of alcohol, has proved that drinking has little to do with access, The Standard reported on March 31.
On the contrary, the ban on social gatherings means beer consumers are hardly drinking even though Kenyans’ favourite brands are still available through cheaper outlets, including liquor stores and supermarkets.
In such outlets, the retail prices are often those recommended by the manufacturers, meaning that buyers would avoid the hefty margins loaded on the drinks' prices in bars to cover for their entertainment and hospitality.
Bars in Kenya were ordered closed in a March 22 directive that took effect immediately and with a near total compliance rate, with serious implications for brewers.
Naivasha-based Keroche Breweries has suspended the manufacturing of bottled beer while East African Breweries Ltd has shifted focus to the production of canned beverages.
“The brewery is open but due to the prevailing situation in the lockdown order on bars, there is no distribution being done,” said Keroche’s corporate affairs director John Nyongesa.
He added that beer production was “100 per cent down and the situation is ugly."
The firm has sent home hundreds of workers and opted
...More info on site
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World: Heineken appoint new presidents of Europe and Asia Pacific regions
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Heineken N.V. announced on March 26 the appointments of Soren Hagh as President of the Europe region and Jacco van der Linden as President of the Asia Pacific region, both per 1 June 2020. Soren Hagh and Jacco van der Linden will join the HEINEKEN Executive Team per that same date.
Soren Hagh will succeed Stefan Orlowski who is currently Regional President for Europe, and whose decision to leave the company was announced on February 11, 2020. Soren Hagh is at present Managing Director of HEINEKEN Italy and previously was HEINEKEN’s Executive Director Global Marketing. He joined HEINEKEN in 2013 and prior to that, he held a number of senior management positions at Lego, Diageo and L’Oréal, including General Manager EMEA for Lancôme. Soren Hagh will work closely with his successor to help HEINEKEN Italy through the COVID-19 crisis.
Jacco van der Linden will succeed Dolf van den Brink, who is currently Regional President for Asia Pacific. As announced on 11 February 2020, Dolf van den Brink is nominated to be appointed as member of the Executive Board at the upcoming company’s Annual General Meeting of Shareholders and to succeed Jean-François van Boxmeer as Chairman of the Executive Board
...More info on site
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UK: Society of Independent Brewers and Simply Hops create online initiative to help breweries, taprooms, bottle shops and retailers affected by coronavirus
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UK’s Society of Independent Brewers (SIBA) has joined forces with hops producer Simply Hops to create a not-for-profit website, in a bid to save thousands of small independent breweries, taprooms, bottle shops and retailers affected by coronavirus across the UK and Europe, the Drinks Retailing News reported on March 27.
BeerisHere.org has been created by the two organisations – and supported by Simpsons malt, Lallemand Yeast and Brewers Select – to help people get beer delivered to them from their local independent breweries, bottle shops and retailers.
The move comes after the government announced that all cafes, pubs, bars and restaurants must close as part of measures to curb the spread of the virus.
The aim of the site is to help show consumers where they can buy beer from and showcase the huge amount of varieties which are available to them during this time when they can’t visit a local pub or bar.
Consumers will only have to enter their postcode to find out where they can easily get beer delivered to their homes.
Separately, SimplyHops is also encouraging people to join a virtual social hangout organised by their local breweries at 5pm every Friday. The concept also aims to
...More info on site
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Spain: Alcohol distribution companies pledging millions to help Spain’s struggling bars and restaurants
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Alcohol distribution companies are pledging millions to help Spain’s 315,000 establishments and nearly 1.7 million hospitality and catering workers facing an uncertain future due to the coronavirus crisis, the Euro Weekly News reported on March 28.
J&B was the first to dig deep and pledge €1 million to help its Spanish and Portuguese hotel and catering clients. Some 2,500 clients will benefit from grants of €400.
Invertia Sara de Pablos, general manager of Diageo, parent company of J&B, Tanqueray, Johnnie Walker or Smirnoff, said that “along with the subsidy we are working on additional measures to ensure that, once this crisis is over, we can all enjoy our favourite bars and drinks with our friends and family.”
Diageo will also provide training from home for all professionals in the hospitality sector through an online platform offering a wide range of modules designed to increase the knowledge of bar staff and their skill set, added De Pablos.
Bacardi is donating €2.7 million to support bars and restaurants globally during the ‘darkest days for the establishments,’ while back in Spain, Heineken has launched a plan to support bars, restaurants and distributors, creating the ‘Heineken Guide of action for restaurants and bars.’
While the Mahou San Miguel group
...More info on site
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Barley News
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Russia: Agriculture Ministry proposes to limit grain exports for three months
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Russia's Agriculture Ministry has proposed to limit grain exports for three months, it said on March 27, prompting concern among traders that the measures by the world's largest wheat exporter could be extended, Reuters reported.
In fellow Black Sea exporter Ukraine, the economy ministry on March 27 said it was monitoring wheat exports daily and would take measures if needed. Bakers and millers in the country had earlier asked for grain exports to be limited to prevent a surge in bread prices if the spread of the coronavirus accelerates.
The proposal to limit grain exports to 7 million tonnes for April-June was a response to the Russian government's request this week to consider whether exports of any food should be limited because of the coronavirus pandemic.
The ministry said that the measure, if approved, would cover the main grain types - wheat, rye, barley and corn - to help to ensure stability in the domestic food market.
The size of the limit doesn't have much bite, traders said, because 7 million tonnes is more or less the general expectation for Russia's export volumes until the end of the 2019/20 season on June 30.
But the move has raised expectations that further steps might follow, given
...More info on site
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World: China increases purchasing of Australian feed barley
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China’s appetite for Australian feed barley appears to have been stoked in recent weeks with as many as six cargoes booked by the Middle Kingdom for nearby delivery, Grain Central reported on March 31.
The sales are reported to have been concluded at around US$220 per tonne cost and freight (c&f). This is in line with Chinese feed barley values of around US$210/t c&f taking into account the 3-per-cent tariff benefit Australia enjoys over alternative origins, and maybe a small quality premium.
The anti-dumping action may not have been resolved as yet, but Australian barley sales have been made to China and cargoes unloaded since harvest. The pace of those sales is certainly well behind normal, but it seems Chinese importers, particularly those with government equity, are less nervous about making Australian purchases. With the Australian grower around 90pc sold on barley, and the consumer only partially covered until new-crop becomes available in October, it seems the merchants here are long. They are also growing in confidence concerning business with China and have been happy to take out the demand when it surfaced.
The other big barley news last week was the results of the most recent Saudi Arabian tender. The state-owned buyer,
...More info on site
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