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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 Prices evolution
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 27b
July 06 - July 09, 2017

Quote of the Week

I've always believed that paradise will have my favorite beer on tap.
Rudyard Wheatley

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Currency Rates

Base Currency: Euro
on July 07, 2017
Base Currency: US Dollar
on July 07, 2017
      1 EUR = 1.1385 USD
1 EUR = 0.8801 GBP
1 EUR = 1.4728 CAD
1 EUR = 1.5008 AUD
1 EUR = 129.0100 JPY
1 EUR = 3.7639 BRL
1 EUR = 68.3814 RUB
1 EUR = 7.7443 CNY
      1 USD = 0.8794 EUR
1 USD = 3.2941 GBP
1 USD = 1.2956 CAD
1 USD = 1.3167 AUD
1 USD = 113.2000 JPY
1 USD = 3.2941 BRL
1 USD = 60.2426 RUB
1 USD = 6.8016 CNY

Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend

July 07, 2017
French Barley/Malt
Crop 2017
2RS Malting Barley (FOB Creil) 185.50-187.50 up1.08%
6RW Malting Barley (FOB Creil) 164.00-166.00 up1.23%
2RS Malt (FOB Antwerp) 381.00-383.00 up0.65%
6RW Malt (FOB Antwerp) 355.00-357.00 up0.70%
Feed Barley (FOB Creil) 145.00-147.00up1.39%
German Malting Barley
Crop 2016
Ex Farm
Average Malting Barley Price 174.00-176.00 down0.56%
Danish Malting Barley
Crop 2017
Free on truck
Ex Farm
Malting Barley (East) 1,314.00-1,316.00 -
Malting Barley (West) 1,314.00-1,316.00 -
Danish Malting Barley
Crop 2018
Free on truck
Ex Farm
Malting Barley (East) 1,344.00-1,346.00 up0.75%
Malting Barley (West) 1,344.00-1,346.00 up0.75%
Canadian Barley/Malt
Crop 2016
2-Row Malting Barley, bulk, truck/railcar, Winnipeg 319.00-321.00 -
2-Row Malting Barley, bulk in store, Vancouver 329.00-331.00 -
6-Row Malting Barley, bulk, truck/railcar, Winnipeg nq  
2-Row Malt, bulk, truck/railcar, Winnipeg nq  
2-Row Malt, bulk in store, Vancouver nq  
6-Row Malt, bulk, truck/railcar, Winnipeg nq  
Feed Barley, basis Lethbridge 184.00-186.00 -
Feed Barley, basis Winnipeg 184.00-186.00 -
Feed Barley, bulk in store, Vancouver 246.00-248.00 -
US Barley/Malt
Crop 2016
2-Row Malting Barley, bulk, railcar Great Falls, Montana 148.00-150.00 -
6-Row Malting Barley, bulk, railcar Minneapolis, Minnesota nq  
6-Row Malt, bulk, railcar Minneapolis, Minnesota nq  
Feed Barley, basis Great Falls, Montana 104.00-106.00 -
-No change; upPrice increase; downPrice decrease versus last publication.

Click here to see our Market Prices History.

Top Industry News

Malt news USA: Great Western Malting completes expansion of Idaho malthouse ...Click here
Malt news UK: Bairds Malt reports decline in turnover and pre-tax profits for year to September 30, 2016 ...Click here
Malt news Belgium: Axéréal invests EUR150 mln in expanding its malting business ...Click here

Brewery news Austria: Beer production up 2.2% last year ...Click here
Brewery news USA: 2017 seen as ‘especially slow’ for craft beer so far ...Click here
Brewery news Thailand: ThaiBev unlikely to suffer much from impending excise hike or year-long morning period ...Click here

Barley news EU: Winter barley output seen falling this year ...Click here
Barley news Canada: Increasing demand for malting barley makes Canadian producers optimistic ...Click here
Barley news Spain: Experts forecast increased demand for barley in Spain ...Click here

More Industry News

Brewery news Thailand: Microbreweries gaining entry into Thailand’s beer industry ...Click here
Barley news France: France’s barley exports outside the EU total 225,455 tonnes in May ...Click here
Brewery news Greece: Fine on Heineken upheld by Greek court ...Click here

Graph of the week

Table of the week

Austria Brewing Industry 1980-2016

Table of the week.
Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

Scientific Digest


A German research team developed a method to quantify nine hop flavonoids in a single HPLC-MS/MS run. By doing so they discovered that in dry hopped beer trials, the flavour threshold concentrations for the bitter components co-multifidol glucoside, quercetin glucoside, and kaempferol glucoside (1.8, 0.9, and 0.5 mg/L, respectively) were exceeded, meaning that these compounds may contribute to the bitterness of dry hopped beers.

Schmidt, Ch: LC-MS/MS analysis of hop flavonoids in dry-hopped beers, P008, EBC Congress, Slovenia 2017

Source: Barth Innovations

These Days in Business History

06 July
1785 - Congress resolves US currency named "dollar" and adopts decimal coinage
1885 - Louis Pasteur successfully tests an anti-rabies vaccine
1886 - Horlick's of Wisconsin offers 1st malted milk to public
1907 - Opening of Brooklands, in England - the world's first purpose-built motor racing circuit
1928 - In New York, the screening of the first film to include sound - 'The Lights of New York'

07 July
1550 - Chocolate introduced
1802 - 1st comic book "The Wasp," is published
1814 - The world's first authentic historical novel, 'Waverley' by Sir Walter Scott, is published
1891 - Travelers cheque patented
1929 - In Italy, the Vatican in the centre of Rome becomes a sovereign state
1954 - Elvis Presley makes his radio debut

08 July
1497 - Portuguese navigator Vasco da Gama sets sail from Lisbon in search of a sea route to India
1796 - U.S. State Department issues 1st American passport
1870 - Congress authorizes registration of trademarks

09 July
1815 - 1st natural gas well in U.S. is discovered
1875 - The Bombay Stock Exchange is founded in Bombay (now Mumbai), India
1953 - 1st helicopter passenger service, New York City
1957 - Announcement of discovery of atomic element 102 - nobelium


July 2017:
08: Beer Boot Camp 2017 (Johannesburg, South Africa)
15: Beer Boot Camp 2017 (Cape Town, South Africa)
26-28: Brasil Brau 2017 (Sao Paulo, Brazil)

August 2017:
04-06: The 21st International Berlin Beer Festival (Berlin, Germany)
08-12: The Great British Beer Festival 2017 (London, UK)
09-12: Vietfood & Beverage 2017 (Ho Chi Minh City, Vietnam)

September 2017:
03-06: 18th Australian Barley Technical Symposium (Hobart, Tasmania)
07-09: Irish Craft Beer Festival 2017 (Dublin, Ireland)
11: International MicroBrew Symposium 2017 (Munich, Germany)
11-15: drinktec 2017 (Munich, Germany)
16-03 October: Oktoberfest (Munich, Germany)
23-24: Whisky Live Paris 2017 (Paris, France)

October 2017:
16-17: 104 VLB October Convention 2017 (Berlin, Germany)
23-25: 8th Ibero-American VLB Symposium 2017 in Guatemala (Guatemala City)
26-28: drink technology India 2017 (New Delhi, India)

November 2017:
22-23: Craft Beer Italy 2017 (Milan, Italy)

More events are available on site e-malt.com

MaltMalt News Malt

Malt newsUSA: Great Western Malting completes expansion of Idaho malthouse
Great Western Malting in Pocatello, Idaho has been around for more than 30 years. Now it has grown in size. An expansion project for ...More info on site

Malt newsUK: Bairds Malt reports decline in turnover and pre-tax profits for year to September 30, 2016
One of the UK’s main maltsters has blamed “competitive pressures in the malting division on processing fees” for a drop in turnover and profits, ...More info on site

Malt newsBelgium: Axéréal invests EUR150 mln in expanding its malting business
Groupe Axéréal said on July 5 it had invested EUR150 mln in the expansion of its malting business, La France Agricole reported.

The company increased ...More info on site

BreweryBrewery News Brewery

Brewery newsAustria: Beer production up 2.2% last year
Austria’s total beer output grew 2.2% to 9.497 mln hl last year, the Union of Austrian Brewers said in its annual report.

Domestic beer consumption ...More info on site

Brewery news USA: 2017 seen as ‘especially slow’ for craft beer so far
Despite the fact that the number of beer brands has proliferated in the US, the number of drinkers has not. Sales have been flat for a few years and 2017 has been especially slow so far, the Economist reported on July 6.

The volumes of beer sold at stores for the three months to June 17th were 1% lower than in the same period last year, according to Nielsen, a market-research firm. Brewers are now waiting with some anxiety for data about sales during the July 4th holiday. “The start of the year has been as bad as I can remember,” says Trevor Stirling of Sanford C. Bernstein, a research firm.

The dip is the result of two problems, one old and one new. First, the consumption of wine and spirits is growing more quickly than that of beer, and has been for nearly 20 years. Women are drinking more booze but often prefer wine and spirits. Men are turning to a wider range of drinks, including whisky and wine.

The second difficulty is that after years of effervescent growth, craft beer has gone flat. Volumes grew in 2016, but half as quickly as in 2015. In the 13 weeks to June ...More info on site

Brewery news Thailand: ThaiBev unlikely to suffer much from impending excise hike or year-long morning period
CIMB Research is maintaining its “add” recommendation on Thai Beverage (ThaiBev) with an unchanged target price of S$1.07, The Edge Markets reported on July 7.

In a report on July 6, analyst Jonathan Seow expresses the view that any near-term consumption weakness which may arise from Thailand’s year-long mourning period or its impending tax hike would be temporary for the beverage company.

“Thaibev’s share price took a beating after its 2QFY17 results disappointed, with net profit falling 23% y-o-y. However, the share price has somewhat recovered since. We had always taken the view that Thaibev was merely facing mini headwinds due to the mourning period and we expect consumption to normalise over time,” notes Seow.

“A recent grumble we have been hearing is whether the latest excise tax will result in weaker volumes. Note that the magnitude and exact details of the new excise tax have yet to be announced,” he continues.

“Nonetheless, our analysis of tax hikes on Thaibev’s sales volumes over the last decade shows that tax hikes do not necessarily result in a drop in volumes. Even if they do, volume declines are never sustained over a prolonged period and volumes eventually recover.”

Instead, the analyst believes the excise hike ...More info on site

Brewery news Thailand: Microbreweries gaining entry into Thailand’s beer industry
Thailand's 150 billion-baht (S$6.1-billion) beer market is controlled by two large companies: Boon Rawd, producer of Singha, and ThaiBev, producer of Chang, which between them garner a 90 per cent market share.

Still, despite the odds stacked against them, microbrewers are gaining entry into the industry, brewing uniquely flavoured craft beer that retails at four to five times the price of common lager found in convenience shops, The Straits Times reported on July 7.

Mr Wichit Saiklao is an unlikely upstart, having failed on his first attempt to brew beer five years ago using a DIY home-brewing kit. He forgot to add the yeast.

He finally succeeded on his third attempt. "My friend said while drinking: 'Chit, am I sitting somewhere in Germany or in some Bavarian field?'"

After that, Mr Wichit, 46, an electrical engineer, was inspired to continue brewing from a friend's house on Koh Kret island, about 24 km up the Chao Phraya river from central Bangkok.

He thought he would pursue beer brewing as a hobby upon retirement. But his plan got pushed two decades forward as word spread and people started flocking to the island to sample his home brews, aptly named Chit Beer.

But he soon ran into another hitch.

He ...More info on site

Brewery news Greece: Fine on Heineken upheld by Greek court
Greece’s Macedonian Thrace Brewery (MTB) welcomed a damning appeals court judgment against Heineken’s 98.8 percent-owned Greek operating company, saying this clearly supports its claim for damages of €100 million-plus against Europe’s largest brewer, the Food Ingredients First reported on July 6.

The Administrative Appeals Court, in Athens, has upheld the substance of a 2015 landmark antitrust finding by the Hellenic Competition Commission (HCC) against Heineken’s subsidiary Athenian Brewery (AB) for nearly two decades of illegal anti-competitive market abuse in Greece. Following a 12-year-long HCC investigation, the longest in its history, AB, was found to have systematically abused its dominant market position in violation of Greek and EU competition law.

The Appeals Court upheld the substance of the HCC’s decision and after a technical adjustment to the original HCC fine, confirmed a record €26.7 million fine on Heineken’s operating company in Greece.

The HCC found overwhelming evidence that AB, which sells Alfa, Amstel and Heineken in Greece, implemented a targeted policy to exclude competitors from all channels – wholesalers, on-trade (e.g. HORECA – hotels, bars and restaurants) and off-trade retail outlets.

In February MTB launched a damages claim against Heineken and Athenian Brewery in the Court of Amsterdam, commercial division.

Demetri Politopoulos, ...More info on site

BarleyBarley News Barley

Barley newsEU: Winter barley output seen falling this year
The European Union winter barley harvest is expected to be lower than last year mainly because of a fall in Spanish output due to ...More info on site

Barley newsCanada: Increasing demand for malting barley makes Canadian producers optimistic
Canadian barley production has dropped 35 percent over the past 10 years as livestock operators switched to feed wheat, distillers dried grain and corn, ...More info on site

Barley newsSpain: Experts forecast increased demand for barley in Spain
There is the potential for increased demand for barley in the Spanish market after dryness was experienced across key growing regions this year, according ...More info on site

Barley newsFrance: France’s barley exports outside the EU total 225,455 tonnes in May
France exported 225,455 tonnes of barley outside the EU in May, official customs data showed on July 7. The monthly volume was dominated by ...More info on site

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