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Flash Summary
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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
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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
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| July 07, 2017 |
French Barley/Malt
Crop 2017
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
185.50-187.50 |  1.08% |
| 6RW Malting Barley (FOB Creil) |
164.00-166.00 | 1.23% |
| 2RS Malt (FOB Antwerp) |
381.00-383.00 | 0.65% |
| 6RW Malt (FOB Antwerp) |
355.00-357.00 | 0.70% |
| Feed Barley (FOB Creil) |
145.00-147.00 | 1.39% |
German Malting Barley
Crop 2016
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
174.00-176.00 |  0.56% |
Danish Malting Barley
Crop 2017
Free on truck
Ex Farm |
DKK/T |
% |
| 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 |
DKK/T |
% |
| Malting Barley (East) |
1,344.00-1,346.00 | 0.75% |
| Malting Barley (West) |
1,344.00-1,346.00 | 0.75% |
Canadian Barley/Malt
Crop 2016 |
CAD/T |
% |
| 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 |
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| 6-Row Malt, bulk, truck/railcar, Winnipeg |
nq |
|
| Feed Barley, basis Lethbridge |
184.00-186.00 |
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| Feed Barley, basis Winnipeg |
184.00-186.00 |
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| Feed Barley, bulk in store, Vancouver |
246.00-248.00 |
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US Barley/Malt
Crop 2016 |
USD/T |
% |
| 2-Row Malting Barley, bulk, railcar Great Falls, Montana |
148.00-150.00 |
|
| 6-Row Malting Barley, bulk, railcar Minneapolis, Minnesota |
nq |
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| 6-Row Malt, bulk, railcar Minneapolis, Minnesota |
nq |
|
| Feed Barley, basis Great Falls, Montana |
104.00-106.00 |
|
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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.
USA: Great Western Malting completes expansion of Idaho malthouse
...Click here
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UK: Bairds Malt reports decline in turnover and pre-tax profits for year to September 30, 2016
...Click here
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Belgium: Axéréal invests EUR150 mln in expanding its malting business
...Click here
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USA: 2017 seen as ‘especially slow’ for craft beer so far
...Click here
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Thailand: ThaiBev unlikely to suffer much from impending excise hike or year-long morning period
...Click here
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Canada: Increasing demand for malting barley makes Canadian producers optimistic
...Click here
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Spain: Experts forecast increased demand for barley in Spain
...Click here
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Thailand: Microbreweries gaining entry into Thailand’s beer industry
...Click here
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France: France’s barley exports outside the EU total 225,455 tonnes in May
...Click here
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Graph of the week
Table of the week
Austria Brewing Industry 1980-2016
Prices Evolution
Barley Prices
Theoretical Malt Prices
Scientific Digest
MORE ABOUT BITTERNESS IN DRY
HOPPED BEERS
ABSTRACT
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
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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
Agenda
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
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Malt News
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USA: Great Western Malting completes expansion of Idaho malthouse
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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
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UK: Bairds Malt reports decline in turnover and pre-tax profits for year to September 30, 2016
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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
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Belgium: Axéréal invests EUR150 mln in expanding its malting business
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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
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Brewery News
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Austria: Beer production up 2.2% last year
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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
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USA: 2017 seen as ‘especially slow’ for craft beer so far
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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
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Thailand: ThaiBev unlikely to suffer much from impending excise hike or year-long morning period
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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
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Thailand: Microbreweries gaining entry into Thailand’s beer industry
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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
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Greece: Fine on Heineken upheld by Greek court
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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
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Barley News
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EU: Winter barley output seen falling this year
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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
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Canada: Increasing demand for malting barley makes Canadian producers optimistic
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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
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Spain: Experts forecast increased demand for barley in Spain
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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
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France: France’s barley exports outside the EU total 225,455 tonnes in May
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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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