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Flash Summary
Last five Flashes
Last five graphs
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Malt Statistics section and the tables related to beer in
Beer Statistics section.
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E-Malt.com Flash 11b
March 12 - March 15, 2020
Quote of the Week
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Currency Rates
Base Currency: Euro
on March 13, 2020 |
Base Currency: US Dollar
on March 13, 2020 |
| |
1 EUR = 1.1229 USD
1 EUR = 0.8840 GBP
1 EUR = 1.5516 CAD
1 EUR = 1.7599 AUD
1 EUR = 117.1600 JPY
1 EUR = 5.4182 BRL
1 EUR = 83.3774 RUB
1 EUR = 7.8620 CNY
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|
1 USD = 0.8904 EUR
1 USD = 0.7873 GBP
1 USD = 1.3818 CAD
1 USD = 1.5670 AUD
1 USD = 104.3300 JPY
1 USD = 4.8254 BRL
1 USD = 74.2553 RUB
1 USD = 7.0019 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| March 13, 2020 |
French Barley/Malt
Crop 2019
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
157.50-159.50 |  0.63% |
| 6RW Malting Barley (FOB Creil) |
156.00-158.00 | 0.63% |
| Feed Barley (FOB Creil) |
153.00-155.00 | 0.65% |
| 2RS Malt (FOB Antwerp) |
350.50-352.50 | 0.35% |
| 6RW Malt (FOB Antwerp) |
349.00-351.00 | 0.35% |
French Barley/Malt
Crop 2020
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
172.50-174.50 | 0.57% |
| 6RW Malting Barley (FOB Creil) |
169.00-171.00 |  |
| 2RS Malt (FOB Antwerp) |
366.50-368.50 | 0.33% |
| 6RW Malt (FOB Antwerp) |
362.00-364.00 | |
German Malting Barley
Crop 2019
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
169.00-171.00 | 0.57% |
Danish Malting Barley
Crop 2019
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,164.00-1,166.00 | |
| Malting Barley (West) |
1,184.00-1,186.00 | 1.66% |
No change;
 Price increase;
Price decrease versus last publication.
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Click here to see our Market Prices History.
UK: Planned increase in duty on beer and spirits scrapped in 2020 Budget
...Click here
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World: Barley trade forecast reduced by USDA in this month’s report
...Click here
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EU: EU barley exports larger in Q1 of 2019/20 than in previous trade year
...Click here
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UK: Scotch Whisky Association welcomes duty freeze in new budget
...Click here
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France: Farmers make little progress in spring barley sowing because of heavy rains
...Click here
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USA: Craft Brewers Conference cancelled due to coronavirus spread
...Click here
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USA: Minnesota’s largest hop farm and processor up for sale
...Click here
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Graph of the week
Table of the week
EU Barley Production Forecast
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
12 March
1365 - University of Vienna founded
1970 - Digital Equipment Corporation introduces PDP-11 minicomputer
1986 - 210.25 million shares traded in New York Stock Exchange
13 March
1974 - Charles de Gaulle Airport opens near Paris France
1979 - European Monetary System is established, ECU created
1986 - Microsoft Corp. goes public at an initial offering price of $21 a share, raising $61 million just one day after Oracle Corp.'s own IPO. Microsoft closes the day at $28.
2008 - Gold prices on the New York Mercantile Exchange hit $1,000 per ounce for the first time
14 March
1634 - Academie Francaise opens
1821 - On one of the quietest days in Wall Street history, the market is open, but not a single share of stock changes hands
1950 - General Motors reports net earnings of $656,434,232 (record)
15 March
1817 - The New York Stock Exchange officially prohibits the "fictitious sales," or wash sales, that had enabled speculators to manipulate individual stocks without even owning them
1827 - University of Toronto is chartered
1892 - 1st escalator patented by inventor Jesse W. Reno (New York City)
1906 - Rolls-Royce Limited is incorporated
1933 - Polythene discovered by Reginald Gibson and Eric William Fawcett
1935 - Percy Shaw founded his company Reflecting Roadstuds Limited to make cat's eyes
1985 - The first Internet domain name is registered
Agenda
March 2020:
11 - 12: BeerX 2020 (Liverpool, UK)
11 - 15: Festival Brasileiro da Cerveja 2020 (Blumenau, Brazil)
16 - 20: IBD Asia Pacific Convention 2020 (Perth, Australia)
April 2020:
01 - 02: Expo Antad & Alimentaria Mexico 2020 (Expo Guadalajara, Mexico)
03 - 04: Helsinki Beer Festival 2020 (Helsinki, Finland)
05 - 08: 14th International Trends in Brewing "Beer & Society" 2020 (Leuven, Belgium)
16 - 18: Zurich Bier Festival 2020 (Zurich, Switzerland)
24 - 06 July: Copa Cervezas de America 2020 (registration: 24 Apr-6 Jul) (Mar del Plata, Argentina)
25 - 26: Zythos Beer Festival 2020 (Leuven, Belgium)
May 2020:
01 - 02: Tallinn Craft Beer Weekend 2020 (Tallinn, Estonia)
05 - 07: International Beer Strategies Conference 2020 (Munich, Germany)
14 - 16: Copenhagen Beer Festival 2020 (Copenhagen, Denmark)
15 - 17: Mondial de la Biere - Paris 2020 (Paris, France)
18 - 24: Budapest Beer Week 2020 (Budapest, Hungary)
19 - 21: Beer 2020 (Sochi, Russia)
21 - 24: Mondial de la Biere 2020 (Montreal, Canada)
22 - 30: Latvia Beer Festival 2020 (Riga, Latvia)
25 - 27: Africa Brewing Conference 2020 (Maputo, Mozambique)
June 2020:
03 - 04: The Brewers of Europe Forum 2020 (Antwerp, Belgium)
04 - 07: Mondial de la Biere - Sao Paulo 2020 (Sao Paulo, Brazil)
04 - 07: Wiener Bierfest 2020 (Vienna, Austria)
09 - 12: Aro Rojo International Beer Cup 2020 (Tampico, Mexico)
July 2020:
01 - 02: Craft Drinks India 2020 (Bangalore, India)
01 - 03: Craft Beer China 2020 (Shanghai, China)
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)
07 - 08: Beervana 2020 (Wellington, New Zealand)
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 - 07: Mondial de la Biere Rio 2020 (Rio de Janeiro, Brazil)
05 - 05: Copa Cervezas de America 2020 (Award Ceremony) (Mar del Plata, Argentina)
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)
October 2020:
13 - 16: China Brew & China Beverage (CBB) 2020 (Shanghai, China)
29 - 30: Sea Brew 2020 (Taipei, Taiwan)
November 2020:
10 - 12: Brau Beviale 2020 (Nuremberg, Germany)
25 - 27: Drink Japan 2020 (Tokyo, Japan)
December 2020:
09 - 11: Drink Technology India 2020 (Mumbai, India)
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Brewery News
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UK: Planned increase in duty on beer and spirits scrapped in 2020 Budget
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UK’s Chancellor of the Exchequer Rishi Sunak has offered a cocktail of measures to boost the spirits of pubs and drinkers affected by coronavirus and economic uncertainty, BBC reported on March 11.
The chancellor scrapped a planned increase in duty on beer and spirits, while tax on all other kinds of alcoholic drinks will also be frozen.
The small pub business rates discount will increase from £1,000 to £5,000.
But the measures are a "double penalty'" for those worst-affected by alcohol harm, charities say.
The 2020 Budget has offered an unexpected windfall for the alcohol industry, including tax breaks and cash giveaways.
The business rate discount for small pubs - those with a rateable value of less than £100,000 - will be increased from £1,000 to £5,000, partly because of the "possible impact of coronavirus".
Planned tax rises on beer and spirits were also scrapped, as part of a freezing on duty across all alcoholic drinks. This Budget marks only the second time that has happened in 20 years, the chancellor said.
The British Beer and Pub Association described it as "a great Budget for pubs, pub-goers and Britain's world-class brewing industry".
The association says the chancellor's measures will save pub-goers £80m and safeguard 2,000 jobs.
It points out
...More info on site
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USA: Craft Brewers Conference cancelled due to coronavirus spread
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After much speculation, the 2020 Craft Brewers Conference & BrewExpo America has officially been canceled due to concerns over the spread of a novel coronavirus disease, called COVID-19, Forbes reported on March 12.
The annual event, which brings together roughly 13,000 beer industry professionals from across the world and is hosted by the U.S. Brewers Association, was scheduled to take place in San Antonio, Texas from April 19-22.
“Developments over the past 24 hours have made hosting this year’s conference infeasible,” the trade group announced via its website.
The decision to forgo the convention — which was first reported by beer industry trade publication Brewbound — came one day after the National Beer Wholesalers Association (NBWA) called off its Legislative Conference, which was scheduled to kick off in Washington D.C. at the end of the month.
“Developments over the past several days, including exposure and self-quarantine of members of Congress, meeting cancellations and travel restrictions, flight reductions and guidance from the Centers for Disease Control (CDC) and other health agencies, have made hosting this year’s conference a significant challenge,” NBWA chief executive Craig Purser wrote in a note to members yesterday.
Both groups have offered refunds to individuals who were planning to attend. The
...More info on site
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Barley News
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World: Barley trade forecast reduced by USDA in this month’s report
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World barley trade in 2020/21 is expected to total 27.313 mln tonnes, USDA said in its March report, reducing its forecast by 1.49 mln
...More info on site
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France: Farmers make little progress in spring barley sowing because of heavy rains
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French farmers again made little progress in spring barley sowing last week, data from farm office FranceAgriMer showed, as heavy rain continued to drench fields in the European Union's biggest grain producer, Successful Farming reported on March 13.
Spring barley sowing was 34% complete by Monday, March 9, up only marginally from 33% a week earlier and 32% two weeks ago, FranceAgriMer's cereal crop data showed.
The sowing progress in the latest week was well below the 96% seen in the same week last year and also behind the average pace of the past five years.
Drilling of spring barley, the first major cereal crop to be sown in France at the end of winter, got off to a brisk start in late January, helped by unseasonably mild temperatures.
Frequent showers in February, with parts of northern France seeing record rainfall for the month, then waterlogged some fields that were still soggy after torrential rain in autumn.
The rain prompted France's meteorological office to issue flood warnings for some river zones this week while in Paris the Seine spilled onto quaysides.
Rain has now eased in much of France and drier conditions are forecast for coming days, although FranceAgriMer officials said this week it may be
...More info on site
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EU: EU barley exports larger in Q1 of 2019/20 than in previous trade year
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With larger production, the European Union has exported more barley in the first quarter of 2019/20 than the previous trade year, USDA said in
...More info on site
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Hops News
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USA: Minnesota’s largest hop farm and processor up for sale
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Mighty Axe Hops, Minnesota’s largest hop farm and processor, is up for sale as the result of a storm that devastated the hop farm’s 2019 crop, The Growler reported on March 9.
Late in the evening on Labor Day in 2019, roughly halfway through their harvest season, Mighty Axe’s hopyard in Foley, Minnesota, was hit by 55-mph straight-line winds that snapped hundreds of support poles and grounded 12 acres of hops. The winds were particularly damaging to the farm’s highest-yielding hops, whose thick and heavy cones were just days away from harvest. Acting quickly with the help of a team of volunteers, Mighty Axe was able to salvage a small portion of their downed crop, but as CEO Eric Sannerud ran the numbers in the wake of the storm, a bleaker picture started to emerge. Mighty Axe had lost hundreds of thousands of dollars worth of their crop, creating a shortfall in revenue so severe that it will prevent them from growing hops in 2020 without additional funding.
Mighty Axe’s majority stakeholders initially informed Sannerud, who is a minority stakeholder in the company, that he should begin looking for other funding sources in December before officially confirming with him their intent to
...More info on site
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Whisky News
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UK: Scotch Whisky Association welcomes duty freeze in new budget
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The Scotch Whisky Association has welcomed the continued freeze on spirits announced in Chancellor Rishi Sunak’s Budget on March 11, the Scottish Field reported.
They were also pleased by the additional support for the industry through a green energy fund, while the industry continues to face a 25% tariff imposed on single malt by the US government under a transatlantic trade dispute between aircraft manufacturers.
The duty rate on spirits remains £28.74 per litre of pure alcohol, meaning that of the £14.61 average price of a bottle of Scotch Whisky, £10.49 is collected in taxation through duty and VAT. The tax burden on Scotch whisky remains 72%.
A 25% tariff on exports of single malt Scotch whisky and liqueurs to the United States has been in place since October 2019, and the SWA had called on the Chancellor to cut duty on Scotch whisky to help support the industry during a challenging time.
As well as freezing duty, the Chancellor announced a £10 mln R&D fund to help the industry achieve its net-zero ambitions and additional support to promote Scotland’s food and drink exports, including Scotch whisky.
In addition, the review of alcohol taxation, announced in the Queen’s Speech, will pave the way for fairer
...More info on site
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