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Flash Summary
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E-Malt.com Flash 42b
October 18 - October 21, 2018
Quote of the Week
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Jack Welch
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Currency Rates
Base Currency: Euro
on October 19, 2018 |
Base Currency: US Dollar
on October 19, 2018 |
| |
1 EUR = 1.1488 USD
1 EUR = 0.8786 GBP
1 EUR = 1.4993 CAD
1 EUR = 1.6131 AUD
1 EUR = 129.1200 JPY
1 EUR = 4.2394 BRL
1 EUR = 75.3909 RUB
1 EUR = 7.9677 CNY
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|
1 USD = 0.8704 EUR
1 USD = 0.7648 GBP
1 USD = 1.3051 CAD
1 USD = 1.4040 AUD
1 USD = 112.3900 JPY
1 USD = 3.6904 BRL
1 USD = 65.6265 RUB
1 USD = 6.9358 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| October 19, 2018 |
French Barley/Malt
Crop 2018
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
220.50-222.50 |  0.90% |
| 6RW Malting Barley (FOB Creil) |
210.00-212.00 |  |
| 2RS Malt (FOB Antwerp) |
425.50-427.50 | 0.57% |
| 6RW Malt (FOB Antwerp) |
412.50-414.50 | |
| Feed Barley (FOB Creil) |
199.00-201.00 | 0.99% |
French Barley/Malt
Crop 2019
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
208.50-210.50 | 0.95% |
| 6RW Malting Barley (FOB Creil) |
186.00-188.00 | 0.53% |
| 2RS Malt (FOB Antwerp) |
410.50-412.50 | 0.59% |
| 6RW Malt (FOB Antwerp) |
383.00-385.00 | 0.32% |
German Malting Barley
Crop 2018
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
218.50-220.50 |  0.42% |
Danish Malting Barley
Crop 2018
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,644.00-1,646.00 | |
| Malting Barley (West) |
1,644.00-1,646.00 | |
Danish Malting Barley
Crop 2019
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,384.00-1,386.00 | |
| Malting Barley (West) |
1,384.00-1,386.00 | |
Canadian Barley
Crop 2018 |
CAD/T |
% |
| 2-Row Malting Barley, bulk, track in Winnipeg rail |
364.00-366.00 |
|
| 2-Row Malting Barley, bulk, track in Vancouver rail |
364.00-366.00 |
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| 6-Row Malting Barley, bulk, track/railcar, Winnipeg |
nq |
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| Feed Barley, basis Lethbridge |
254.00-256.00 |
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| Feed Barley, basis Winnipeg |
254.00-256.00 |
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| Feed Barley, bulk in store, Vancouver |
314.00-316.00 |
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US Barley
Crop 2018 |
USD/T |
% |
| 2-Row Malting Barley, bulk, railcar Great Falls, Montana |
176.00-178.00 |
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| 6-Row Malting Barley, bulk, railcar Minneapolis, Minnesota |
nq |
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| Feed Barley, basis Great Falls, Montana |
142.00-144.00 |
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| Feed Barley, basis Minneapolis, Minnesota |
118.00-120.00 |
|
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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.
UK: GrainCorp to invest A$94 mln to expand Baird Malt’s capacity to more than 300 thousand tonnes
...Click here
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The Philippines: San Miguel Corp slashes size of drinks and food unit shares sale by almost half
...Click here
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World: Barley trade forecast reduced to 27.53 mln tonnes
...Click here
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Canada: Unharvested barley acres to dash farmers’ hopes of having their barley accepted as malting
...Click here
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UK: Whisky exports enjoy double-digit growth in H1 2018
...Click here
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France: Winter barley sowing slightly behind last year’s
...Click here
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Australia: Barley harvest about to start with output expected at up to 7.5 mln tonnes
...Click here
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Canada & USA: Canada drops US-made aluminium-can tariff
...Click here
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Argentina: Conditions for barley crop seen as more or less good
...Click here
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Ireland: Seed companies and merchants report massive increase in winter barley area
...Click here
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USA: Constellation Brands CEO Rob Sands to step down
...Click here
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Graph of the week
Source: Deutscher Maelzerbund e. V.
Table of the week
World Barley Production by Country
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
18 October
1878 - Edison makes electricity available for household usage
1954 - Texas Instruments announces the first Transistor radio
1972 - American Congress authorizes bi-centennial quarter, half-dollar & dollar coin
1973 - Nobel Prize for economy awarded to Wassily Leontief
19 October
1819 - Joseph C Juglar is born, French physician/economist, Crises Commerciales
1987 - Wall Street takes its worst plunge of the modern era, as the Dow loses 508 points, or 22.6% (the worst daily loss on record), to close at 1738.74
1988 - Friedrich Weinreb, Polish/Neth theologist/economist, dies at 77
20 October
1928 - magnate/multi-millionaire Ken Morrison was born, executive chairman of the Wm Morrison Supermarkets plc, the fourth largest chain of supermarkets in the United Kingdom
1973 - OPEC oil embargo begins
1983 - IBM-PC DOS Version 2.1 released
21 October
1492 - Columbus discovers America (Oct 12, 1492 Julian calendar)
1879 - Thomas Edison perfects carbonized cotton filament light bulb
1987 - Nobel prize for economy awarded to Robert M. Solow
Agenda
October 2018:
23-26: China Brew China Beverage 2018 (Shanghai, China)
24-26: drink technology India 2018 (Mumbai, India)
November 2018:
13-15: Brau Beviale 2018 (Nuremberg, Germany)
February 2019:
8-10: Finest Spirits 2019 (Munich, Germany)
8-11: HoReCa 2019 (Athens, Greece)
16-19: Beer Attraction 2019 (Rimini, Italy)
19-21: Beviale Moscow 2019 (Moscow, Russia)
March 2019:
5-7: Expo Antad & Alimentaria Mexico 2019 (Mexico City, Mexico)
13-16: Festival Brasileiro da Cerveja 2019 (Blumenau, Brazil)
15-17: Barcelona Beer Festival 2019 (Barcelona, Spain)
19-21: Beviale Moscow 2019 (Moscow, Russia)
27-29: 10th World Barley, Malt & Beer Conference (Warsaw, Poland)
April 2019:
8-11: Craft Brewers Conference & BrewExpo America 2019 (Denver, Colorado, USA)
More events are available on site e-malt.com
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Malt News
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UK: GrainCorp to invest A$94 mln to expand Baird Malt’s capacity to more than 300 thousand tonnes
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Australian-based global malt producer, GrainCorp, will invest A$94 million to expand capacity at its United Kingdom-based business, Bairds Malt, to reflect strong sector growth
...More info on site
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Brewery News
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The Philippines: San Miguel Corp slashes size of drinks and food unit shares sale by almost half
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Philippine conglomerate San Miguel Corp slashed the size of its food unit’s share sale by almost half to $920 million, as a weak stock
...More info on site
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Canada & USA: Canada drops US-made aluminium-can tariff
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Canada's move to drop a 10 percent duty on U.S.-made aluminium cans is good news for Canadian beer makers battling a shortage of tall cans, according to brewing industry executives, Reuters reported on October 18.
The aluminium products excluded from tariffs last week include cans that brewers have been struggling to keep in stock, said Luke Harford, president of trade association Beer Canada. Reuters reported in July that some Canadian breweries were scrambling to find aluminium cans.
"It's very positive for us," said Harford. "The 473 ml tall cans are all purchased from U.S. suppliers and that particular can is one of the fastest-growing cans... particularly amongst small brewers."
Canada announced tariff exemptions on a range a products last week after the domestic industry complained of shortages that could affect production of everything from cars to beer. The rollback underscores the unintended consequences of retaliatory tariffs.
The Canadian tariffs on cans were part of its response to U.S. President Donald Trump's steel and aluminium tariffs. But they hit a product already in short supply after the closure of a Crown Holdings Inc plant in Massachusetts in January.
At least one small brewery, Alberta's GP Brewing Co, was forced to halt production for two weeks in
...More info on site
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USA: Constellation Brands CEO Rob Sands to step down
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Rob Sands, the CEO of Corona maker Constellation Brands, is stepping down. He will hand over the reins to the company's president and chief operating officer, Bill Newlands, in March, the company said on October 17.
Sands, who spent more than a decade as president and CEO of Constellation Brands, said Newlands "has made a significant impact" on the company since he joined in 2015.
"Bill understands what it takes to succeed in this rapidly evolving market and he's the right person to lead our company going forward," he added.
Once Newlands becomes CEO, Sands will become Constellation Brands' executive chair, replacing his brother Richard Sands. Richard Sands will become executive vice chair.
Constellation Brands, which also owns SVEDKA vodka and Casa Noble tequila, made a number of profitable decision with Sands at the helm.
In 2013, the company acquired Grupo Modelo's US beer business, including Corona and Modelo. Sands also expanded the company's liquor and spirits portfolio, and sold off underperforming international brands. Over the past five years, the company's stock has soared by more than 255%.
Most recently, the company made a huge bet on the cannabis industry.
In August, Constellation Brands spent $4 billion bet to boost its stake in cannabis company Canopy Growth.
The
...More info on site
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Barley News
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World: Barley trade forecast reduced to 27.53 mln tonnes
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USDA in its October report reduced the forecast for world barley trade to 27.53 mln tonnes from 28.53 mln forecast in September.
Barley export forecast
...More info on site
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Canada: Unharvested barley acres to dash farmers’ hopes of having their barley accepted as malting
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Harvest progress over the past three weeks has been painfully slow in Western Canada. The weather has been abysmal. Snowfall, frost, and rainy wet conditions have made harvest a nightmare. Farmers in all three provinces have been stymied by the inclement weather conditions which in many areas prevented them from entering their fields, CMBTC reported on October 17.
The unharvested barley acres, which have been subject to relentless wet conditions, will certainly dash the hopes of many famers of having their barley accepted as malt barley. With the outlook for warmer, dry conditions over the next week, there is always hope that some of the late seeded barley that is still standing could meet malt specifications, however the reality is that most of the unharvested barley will be downgraded into the feed category.
The wet conditions certainly reduced the amount of available malt barley that will be offered to the export market. Prior to the rain and snow, it was estimated there would be 3.5 million tonnes of malt barley available for the domestic and export market. Now we will have to wait for the final number when harvest is complete, but there is no doubt that the crop
...More info on site
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France: Winter barley sowing slightly behind last year’s
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FranceAgriMer estimates 44% of the winter barley had been sown by Oct 15th, vs 20% last week (and vs 54% same time last year),
...More info on site
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Australia: Barley harvest about to start with output expected at up to 7.5 mln tonnes
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In Australia the barley harvest is about to start slowly, GrainCom reported on October 19.
There will be only a sizeable harvest in Western
...More info on site
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Argentina: Conditions for barley crop seen as more or less good
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GrainCom analysts said on October 19 they see more or less good crop conditions for wheat and barley in Argentina.
Some regions might be
...More info on site
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Ireland: Seed companies and merchants report massive increase in winter barley area
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A massive increase in the area of winter barley planted has been reported by seed companies and merchants in Ireland, Independent.ie reported on October 17.
However, a shortage of seed for oats, particularly for the spring crop, could hit the total area of that crop.
Industry sources estimate that the area of winter barley planted is likely to top 70,000 ha for the first time since 2016, and could reach the 75,000 ha mark.
This represents a 25-30pc jump in the area sown last year. Around 74,000 ha of winter barley were planted for the 2016 harvest, but this fell to 64,000 ha for the 2017 crop, and to 56,000 ha for this year's harvest.
Donal Fitzgerald of Goldcrop attributed the lift in the winter barley acreage to the excellent sowing conditions of late, the poor spring barley harvest this year, the fact that barley is priced the same as wheat, and the better straw returns which the winter barley crop delivers.
"Sowing conditions have been brilliant. The early harvest helped, and we've had really good weather since," he said.
Mr Fitzgerald said lively farmer demand for straw, and the expectation that the market would remain strong, was also influencing planting decisions.
He said that the straw
...More info on site
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Whisky News
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UK: Whisky exports enjoy double-digit growth in H1 2018
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The Scotch Whisky Association (SWA) has reported double-digit growth in exports of Scotch Whisky boosted by an increasing popularity of single malt.
Total exports rose
...More info on site
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