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Flash Summary
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E-Malt.com Flash 26a
June 22 - June 24, 2020
Quote of the Week
Always do your best. What you plant now, you will harvest later.
Og Mandino
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Currency Rates
Base Currency: Euro
on June 24, 2020 |
Base Currency: US Dollar
on June 24, 2020 |
| |
1 EUR = 1.1296 USD
1 EUR = 0.9041 GBP
1 EUR = 1.5280 CAD
1 EUR = 1.6297 AUD
1 EUR = 120.6100 JPY
1 EUR = 5.8801 BRL
1 EUR = 77.7735 RUB
1 EUR = 7.9789 CNY
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1 USD = 0.8852 EUR
1 USD = 0.8004 GBP
1 USD = 1.3528 CAD
1 USD = 1.4426 AUD
1 USD = 106.7700 JPY
1 USD = 5.2057 BRL
1 USD = 68.8531 RUB
1 USD = 7.0638 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| June 24, 2020 |
French Barley/Malt
Crop 2020
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
171.50-173.50 |  |
| 6RW Malting Barley (FOB Creil) |
166.00-168.00 | |
| Feed Barley (FOB Creil) |
157.00-159.00 | |
| 2RS Malt (FOB Antwerp) |
365.00-367.00 | |
| 6RW Malt (FOB Antwerp) |
358.50-360.50 | |
German Malting Barley
Crop 2019
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) |
1,044.00-1,046.00 | |
| Malting Barley (West) |
1,104.00-1,106.00 | |
No change;
 Price increase;
 Price decrease versus last publication.
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Click here to see our Market Prices History.
Vietnam: Sabeco lowers revenue target for this year
...Click here
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India: United Breweries sees 39.35% net profit decline in quarter ended March
...Click here
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UK: Budweiser Brewing Group claims to have become Britain’s No. 1 brewer by volume
...Click here
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World: Barley crop expected to be similar to last year’s record production
...Click here
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EU: Early estimate of barley S/D vague amid pandemic and still uncertain crop prospects
...Click here
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Russia: Southern Russia starts winter barley harvest with lower yield
...Click here
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World: Diageo delays publishing of full-year report by five days
...Click here
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New Zealand: Huge push to buy local paying dividends for small brewers
...Click here
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UK: Diageo announces £4 million in funding for pubs struggling with coronavirus impact
...Click here
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Graph of the week
Table of the week
EU Barley Supply & Demand Forecast
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
22 June
1775 - US Congress authorizes the first issuance of Continental Currency, or U.S. paper money
1899 - Michal Kalecki is born, Polish economist
2009 - Eastman Kodak Company announces that it will discontinue sales of the Kodachrome Color Film, concluding its 74-year run as a photography icon
23 June
1848 - Antoine Joseph Sax patents Saxophone
1907 - James Meade, English Economist
24 June
1839 - Gustavus Franklin Swift, founded Swift and Co
1932 - David McTaggart is born, co-founder, Greenpeace
1963 - 1st demonstration of home video recorder, at BBC Studios, London
Agenda
July 2020:
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)
September 2020:
02 - 05: Expo Trade, Brewers Conference & Mar del Plata Beer Week 2020 (Mar del Plata Argentina)
02 - 04: Beviale Moscow 2020 (Moscow, Russia)
02 - 04: Modern Brewing Technologies 2020 (Moscow, Russia)
03 - 07: Mondial de la Biere Rio 2020 (Rio de Janeiro, Brazil)
03 - 05: Zurich Bier Festival 2020 (Zurich, Switzerland)
05 - 05: Copa Cervezas de America 2020 (Award Ceremony) (Mar del Plata, Argentina)
11 - 13: Mondial de la Biere - Paris 2020 (Paris, France)
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)
24 - 26: Great American Beer Festival 2020 (Denver, USA)
24 - 26: Stockholm Beer & Whisky Festival 2020 (Stockholm, Sweden)
October 2020:
02 - 03: Stockholm Beer & Whisky Festival 2020 (Stockholm, Sweden)
08 - 11: Mondial de la Biere 2020 (Montreal, Canada)
13 - 16: China Brew & China Beverage (CBB) 2020 (Shanghai, China)
14 - 16: Expo Antad & Alimentaria Mexico 2020 (Expo Guadalajara, Mexico)
19 - 20: Planete Biere 2020 (Paris, France)
21 - 24: Beer 2020 (Sochi, Russia)
23 - 25: Cerveza Mexico Expo 2020 (Mexico City, Mexico)
29 - 30: Sea Brew 2020 (Taipei, Taiwan)
November 2020:
04 - 07: VIETFOOD & BEVERAGE - VIETNAM 2020 (Ho Chi Minh City, Vietnam)
10 - 12: Brau Beviale 2020 (Nuremberg, Germany)
11 - 11: European Beer Star 2020 - Award Ceremony & Winners' Night (Munich, Germany)
13 - 14: Beervana 2020 (Wellington, New Zealand)
18 - 18: Brussels Beer Challenge 2020 (Brussels, Belgium)
25 - 27: Drink Japan 2020 (Tokyo, Japan)
December 2020:
09 - 11: Drink Technology India 2020 (Mumbai, India)
May 2021:
17 - 23: Budapest Beer Week 2021 (Budapest, Hungary)
June 2021:
15 - 17: Brasil Brau 2021 (Sao Paulo, Brazil)
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Brewery News
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Belgium: Beer exports increase by 9.2% last year
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2019 was a positive year for Belgian brewers with a slight increase in total beer sales in the internal market of 0.2% compared to
...More info on site
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Vietnam: Sabeco lowers revenue target for this year
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With stringent drunk-driving regulations and the coronavirus impacting beer sales, Sabeco has lowered its revenue target for this year to VND23.8 trillion ($1 billion),
...More info on site
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India: United Breweries sees 39.35% net profit decline in quarter ended March
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United Breweries Ltd (UBL) on June 24 reported net profit decline of 39.35% at Rs 41.19 crore for the quarter ended March, mainly due
...More info on site
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UK: Budweiser Brewing Group claims to have become Britain’s No. 1 brewer by volume
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Budweiser Brewing Group, the UK & Ireland arm of AB InBev, is claiming to have become the number one brewer by volume in Britain,
...More info on site
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New Zealand: Huge push to buy local paying dividends for small brewers
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A huge push to buy local in post-lockdown New Zealand is paying dividends for small breweries, but only if they’ve done the hard yards with customers first, the Australian Brews News reported on June 22.
The interest in local producers is exemplified by the growth of a New Zealand Made Products Facebook page, launched during lockdown.
A meteoric climb to more than 500,000 members has driven sales for a number of Kiwi brands. And Buy NZ Made, which licences the official Kiwi-branded trademark, saw a surge in applications during the Covid-19 pandemic.
Paul Croucher of Rotorua’s Croucher Brewing says local support for his brewery and pub is critical in a town that relied heavily on tourism numbers.
When lockdown hit, Croucher was worried whether he’d taken his local audience for granted but was pleasantly surprised at the level of support. He attributed the support to the groundwork the brewery had done over the years with sponsorship of events and charities.
The brewery sponsors mountain bike races and ultramarathons but also supports the local hospice, a breast cancer trust, the Rotorua SPCA and the Rotorua-based national kiwi hatchery.
“What we did during lockdown was to repackage keg beer into flagons and target our local market, rekindling that
...More info on site
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UK: Diageo announces £4 million in funding for pubs struggling with coronavirus impact
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Drinks giant Diageo has announced £4 million in funding for pubs struggling with the impact of coronavirus, Yahoo Finance UK reported on June 23.
The company, which makes Guinness and a number of whiskies, has announced the two-year Raise the Bar programme to help premises bring back customers as lockdown restrictions further ease.
It designed the scheme following a global survey of bar owners to identify what they need to reopen after lockdown.
Their top priorities include hygiene measures, digital support and practical equipment to transform how their outlets will work.
Emma McClarkin, CEO of the Scottish Beer and Pub Association, said: “This announcement today from Diageo will be enthusiastically welcomed by operators who are desperate to re-open their pubs, get trading again, welcome customers back and play their part in the economic recovery.
“The hospitality sector has been one of the hardest hit as a result of the pandemic, with pubs and bars now closed for over three months and its impact likely to be felt by the trade for a long time into the future.
“With over 50,000 jobs dependent on pubs and bars, we are an integral part of the national economy and communities across the country – it is vital we get
...More info on site
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Barley News
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World: Barley crop expected to be similar to last year’s record production
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The world barley crop will be similar to last year’s record production, H. M. Gauger GmbH said in their latest report earlier this month.
...More info on site
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EU: Early estimate of barley S/D vague amid pandemic and still uncertain crop prospects
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An early estimate of the EU barley S/D must be vague in the aftermath of the pandemic and still uncertain crop prospects, H. M.
...More info on site
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Russia: Southern Russia starts winter barley harvest with lower yield
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Farmers in Russia's southern regions have started harvesting winter barley with lower yield, though it may improve next week, SovEcon, one of the leading agriculture consultancies, said in a note on June 22.
Russia is expected to produce 19.9 million tonnes of barley in total in 2020, down from 20.5 million tonnes a year ago, SovEcon has said.
"It is too early to make any conclusion about yields at this stage, we should have a clearer picture next week," SovEcon said.
The starting yield in the Stavropol region in bunker weight is currently at 2.4 tonnes per hectare (t/ha), down from 3 t/ha a year ago. In the Krasnodar region, farmers report it at around 4 t/ha compared with 6 t/ha in 2019, the consultancy said.
Farmers in Russia have so far also planted spring barley on 7.9 million hectares, more than they originally planned, vs 8.0 a year ago, according to the agriculture ministry's data.
Speaking about weather conditions for Russia's upcoming 2020 grain crop in general, SovEcon said that they were slightly negative for the development of the winter grain sowings last week as rains were seen only in the southern regions, while other regions were mostly dry with temperatures 1-3 Celsius above
...More info on site
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Whisky News
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World: Diageo delays publishing of full-year report by five days
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Diageo Plc, the world’s largest spirits maker, said on June 22 it would delay the publishing of its full-year report for fiscal 2020 by five days to give its auditors more time to prepare and review statements during the coronavirus pandemic, Reuters reported.
“(The delay) will allow Diageo and its auditors, PwC, sufficient time to complete the process of preparing and reviewing the results, given the practical challenges of remote working,” the maker of Tanqueray gin and Johnnie Walker whisky said in a statement.
British regulators have given publicly traded companies an additional two months to prepare their financial statements, making the deadline six months from their financial year-end.
Diageo will now publish its preliminary results for the year ended June 30 on Aug. 4, instead of July 30, and will also delay the release of its annual regulatory filing by two days. In April, the company abandoned its annual forecast for sales and profit growth, and suspended its 4.5 billion pound ($5.6 billion) share buyback programme in response to the coronavirus pandemic.
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