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Flash Summary
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E-Malt.com Flash 28a
July 08 - July 10, 2019
Quote of the Week
Beer is an improvement on water itself.
Grant Johnson
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Currency Rates
Base Currency: Euro
on July 10, 2019 |
Base Currency: US Dollar
on July 10, 2019 |
| |
1 EUR = 1.1208 USD
1 EUR = 0.8982 GBP
1 EUR = 1.4704 CAD
1 EUR = 1.6150 AUD
1 EUR = 121.9700 JPY
1 EUR = 4.2596 BRL
1 EUR = 71.4576 RUB
1 EUR = 7.7163 CNY
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1 USD = 0.8921 EUR
1 USD = 0.8014 GBP
1 USD = 1.3119 CAD
1 USD = 1.4408 AUD
1 USD = 108.8200 JPY
1 USD = 3.8006 BRL
1 USD = 63.7576 RUB
1 USD = 6.8848 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| July 10, 2019 |
French Barley/Malt
Crop 2019
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
173.50-175.50 |  0.57% |
| 6RW Malting Barley (FOB Creil) |
166.00-168.00 | 1.76% |
| Feed Barley (FOB Creil) |
158.00-160.00 | 1.24% |
| 2RS Malt (FOB Antwerp) |
367.50-369.50 | 0.33% |
| 6RW Malt (FOB Antwerp) |
358.50-360.50 | 1.02% |
German Malting Barley
Crop 2018
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) |
1,244.00-1,246.00 | 0.80% |
| Malting Barley (West) |
1,244.00-1,246.00 | 0.80% |
 No change;
 Price increase;
Price decrease versus last publication.
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Click here to see our Market Prices History.
Australia: GrainCorp’s last and final pitch for malt business getting some traction
...Click here
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World: Prospects for both malting and feed barley markets are seen as bearish - analysts
...Click here
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EU: Barley crop developed very well from planting till early June
...Click here
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Argentina: New crop barley plantings forecast to reach 1 mln ha
...Click here
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New Zealand & India: DB Breweries acquires licensing rights for India’s Kingfisher beer
...Click here
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Rwanda: Government to reduce tax on alcohol brewed from local raw materials
...Click here
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Graph of the week
Table of the week
EU Malt Exports
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
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
10 July
1933 - 1st police radio system operated, Eastchester Township, New York
1949 - 1st practical rectangular TV tube announced-Toledo, OH
1958 - 1st parking meter installed in England (625 installed)
2000 - EADS, the world's second-largest aerospace group is formed by the merger of Aerospatiale-Matra, DASA, and CASA
Agenda
July 2019:
09 - 11: Fdt Africa 2019 (Midrand, South Africa)
29 - 02 August: 57th Congress of the International Hop Growers' Convention (Ljubljana, Zalec - Savinja Valley, Slovenia)
August 2019:
02 - 04: The 23rd International Berlin Beer Festival (Berlin, Germany)
06 - 10: The Great British Beer Festival 2019 (London, UK)
07 - 10: VIETFOOD & BEVERAGE - PROPACK 2019 (Ho Chi Minh City, Vietnam)
09 - 10: Beervana 2019 (Wellington, New Zealand)
26 - 31: Copa Cervezas de America 2019 (Valparaiso, Chile)
September 2019:
04 - 08: Mondial de la Biere 2019 (Rio de Janeiro, Brazil)
17 - 19: 10th Iberoamerican VLB Symposium Brewing & Filling Technology 2019 (Guadalajara, Mexico)
21 - 06 October: Oktoberfest 2019 (Munich, Germany)
26 - 27: Sea Brew 2019 (Bangkok, Thailand)
26 - 28: Stockholm Beer & Whisky Festival 2019 (Stockholm, Sweden)
October 2019:
03 - 05: Stockholm Beer & Whisky Festival 2019 (Stockholm, Sweden)
03 - 05: The Great American Beer Festival 2019 (Denver, USA)
November 2019:
12 - 14: Brau Beviale 2019 (Nuremberg, Germany)
27 - 29: Drink Japan 2019 (Makuhari Messe, Japan)
December 2019:
05 - 07: Drink Technology India 2019 (New Delhi, India)
More events are available on site e-malt.com
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Malt News
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Australia: GrainCorp’s last and final pitch for malt business getting some traction
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GrainCorp bankers' last and final pitch for the company's malt business is getting some traction, The Australian Financial Review reported on July 8.
According to
...More info on site
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Brewery News
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Slovakia: Beer consumption highest since 2012
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The consumption of alcohol in Slovakia rose to the highest level since 2015 last year. It was also higher than the European average, according
...More info on site
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New Zealand & India: DB Breweries acquires licensing rights for India’s Kingfisher beer
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Auckland brewing company DB Breweries has acquired the licensing rights for Kingfisher beer from Bangalore-based United Breweries for an undisclosed sum, the New Zealand Herald reported on July 8.
From 2020, Kingfisher beer sold in New Zealand and Australia will be manufactured and distributed exclusively by DB Breweries, adding the popular beer brand owned by South India-based conglomerate to its portfolio which already includes international beer brands Tiger and Heineken.
Kingfisher beer sold in this country has been produced in New Zealand for more than a decade. DB Breweries will take over licensing from Independent Liquor, owned by parent company Asahi Beverages, in February.
DB Breweries sales director Paul Millward said the company was still "working through" where in the country it would produce Kingfisher beer but said it had the ability to do so with its current infrastructure.
Millward said DB Breweries was now focused on how it could manage the brand and grow its distribution across the country.
"Kingfisher, in terms of dollars of the beer category in New Zealand, [makes up] 1.5 per cent of the beer category so this is quite a significant brand. It's also the largest and fastest growing Asian beer brand in New Zealand," Millward said.
"We're pretty rapt
...More info on site
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UK: UK’s Trappist brewers struggling with demand
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The only monks in the UK to brew an officially recognised Trappist beer say they are unable to satisfy demand, BBC reported on July 7.
The brewery at Mount Saint Bernard Abbey, near Coalville, Leicestershire, was set up one year ago.
Since then, it has produced about 30,000 bottles of Tynt Meadow but there have been worldwide requests for more.
The brewery is one of only 14 in the world allowed to call itself a Trappist brewery - where all the money raised is used to fund the monastery.
The beer - named after the meadow where monks settled in 1835 - is sold at the abbey shop and by some local retailers, but about a third is sold through a distribution company. It is proving particularly popular in Belgium and the Netherlands.
The monks also drink it themselves on a Sunday.
Father Joseph Delargy said: "We haven't had any difficulty in selling it. What we produce, we can sell.
"We have a pattern of regular production and regular sales so now, after this first year, we're in a position where we're quite happy."
Abbott of the monastery, Erik Varden, said they had been approached by retailers around the world wanting to stock the beer including in the
...More info on site
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Rwanda: Government to reduce tax on alcohol brewed from local raw materials
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Rwanda’s government has moved to reduce consumption tax on alcoholic drinks brewed from locally sourced raw materials, The New Times reported on July 8.
In a draft law presented in Parliament on July 8 by the Minister for Finance and Economic Planning, Uzziel Ndagijimana, the Government seeks to reduce consumption tax rate on beers and wines made using locally produced raw materials.
Once the proposed amendment to the law on the excise duty on some imported or locally manufactured products and determines the procedure of its collection is approved by Parliament, the consumption tax levied on locally produced alcohol could reduce significantly.
The excise duty levied on beers whose local raw material content excluding water is at least 70 per cent by weight of its constituents, will be set at 30 per cent, down from the current 60 per cent.
The same rule incentivising locally-based production will apply to wines, whose local content excluding water is at least 70 per cent by weight of its constituents, paying 30 per cent excise tax instead of the current 70 per cent.
The current consumption tax law doesn’t distinguish the taxing rate for wines or beers found on the Rwandan market based on whether their ingredients are based
...More info on site
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Barley News
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World: Prospects for both malting and feed barley markets are seen as bearish - analysts
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Prospects for the world barley markets are bearish for both feed and malting barley, H. M. Gauger GmbH reported earlier this month.
Barley surpluses
...More info on site
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EU: Barley crop developed very well from planting till early June
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EU’s winter and spring barley developed very well from planting till early June. The month of May had been cool and rainy, ideal for
...More info on site
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Argentina: New crop barley plantings forecast to reach 1 mln ha
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Farmers sales of old crop barley by June 19 were 3.1 mln tonnes of malting and 1.75 mln tonnes of feed barley in Argentina,
...More info on site
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France: Barley crop ratings fall after heatwave
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The condition of French cereal crops declined in the week to July 1, farm office FranceAgriMer said on July 5, suggesting a negative impact from a record-breaking heatwave.
In a weekly crop report, FranceAgriMer estimated that 75% of soft wheat was in good or excellent condition by July 1, down from 80% a week earlier although still above a year-earlier score of 73%.
Spring barley saw the sharpest deterioration, with the good/excellent rating losing 10 points to 76%.
For winter barley, FranceAgriMer rated 73% of crops as good/excellent, down from 75% from a week earlier.
Some 22% of the winter barley area had been harvested, up from 1% a week earlier, FranceAgriMer said.
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