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Flash Summary
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E-Malt.com Flash 26b
June 25 - June 28, 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 26, 2020 |
Base Currency: US Dollar
on June 26, 2020 |
| |
1 EUR = 1.1228 USD
1 EUR = 0.9040 GBP
1 EUR = 1.5314 CAD
1 EUR = 1.6336 AUD
1 EUR = 120.3500 JPY
1 EUR = 6.0008 BRL
1 EUR = 77.7981 RUB
1 EUR = 7.9457 CNY
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1 USD = 0.8905 EUR
1 USD = 0.8051 GBP
1 USD = 1.3639 CAD
1 USD = 1.4548 AUD
1 USD = 107.1800 JPY
1 USD = 5.3444 BRL
1 USD = 69.2887 RUB
1 USD = 7.0766 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| June 26, 2020 |
French Barley/Malt
Crop 2020
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
170.50-172.50 |  0.58% |
| 6RW Malting Barley (FOB Creil) |
166.00-168.00 |  |
| Feed Barley (FOB Creil) |
157.00-159.00 | |
| 2RS Malt (FOB Antwerp) |
364.00-366.00 | 0.34% |
| 6RW Malt (FOB Antwerp) |
358.50-360.50 | |
German Malting Barley
Crop 2019
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
159.50-161.50 |  2.09% |
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 | |
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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: Carlsberg slashes pre-tax losses for latest financial year
...Click here
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EU: Distillers excluded from reduced tax rates provisionally agreed by the EU
...Click here
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The Czech Republic: Budejovicky Budvar’s output reaches highest level in its 124 years
...Click here
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EU: EU Commission reduces wheat harvest forecast, leaves barley projection almost unchanged
...Click here
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Canada: Hop growing getting a lot of attention in the last five years
...Click here
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UK & Ireland: Guinness ramping up production as pubs and bars prepare to reopen
...Click here
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USA: Government approves changes to federal crop insurance for malting barley
...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
25 June
1919 - 1st advanced monoplane airliner flight (Junkers F13)
1920 - League of Nations places International head of Justice in Hague
26 June
1498 - Toothbrush invented
1919 - N.Y. Daily News begins publishing
27 June
1820 - 1st edition of newspaper "Courrier de la Meuse" published"
1922 - Alan Peacock is born, economist
2013 - NASA launches the Interface Region Imaging Spectrograph, a space probe to observe the Sun
28 June
1801 - Frederic Bastiat is born, French Economist
1894 - London Tower Bridge opens
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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UK: Carlsberg slashes pre-tax losses for latest financial year
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Pre-tax losses were slashed at the UK arm of beer giant Carlsberg during the company's latest financial year, newly filed documents have revealed, Insider
...More info on site
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EU: Distillers excluded from reduced tax rates provisionally agreed by the EU
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Trade body Spirits Europe has hit out at an “unacceptable” proposed update to EU excise regulations for alcohol producers, which excludes distillers from reduced
...More info on site
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The Czech Republic: Budejovicky Budvar’s output reaches highest level in its 124 years
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Beer production at Budvar, which has been in a long legal dispute with U.S. giant Anheuser-Busch over use of the "Budweiser" brand, increased last year to the highest level in the brewer's 124-year history, the Minneapolis Star Tribune reported on June 24.
Budejovicky Budvar NP, a Czech state-owned brewery, said on June 24 that its output rose 4.8% to 1.679 million hectolitres (44.36 million gallons) in 2019, before the pandemic hit global trade and business.
The brewer's exports were up 7.4% to 1.154 million hectolitres (30.49 million gallons) last year, also a record, to almost 80 countries. Germany, Poland, Slovakia, Russia and Britain were the biggest foreign markets for Budvar last year.
Budvar says its revenues hit a record high last year, reaching more than 2.8 billion crowns ($119 million). The profit figures have not been released.
The brewer has been expanding to be able to produce over 2 billion hectolitres of beer a year.
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UK & Ireland: Guinness ramping up production as pubs and bars prepare to reopen
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Guinness is ramping up production of the black stuff as pubs and bars across Ireland and the UK prepare to reopen in a matter of days, the Irish Post reported.
Pubs serving food will reopen in Ireland from June 29 while in England, pubs and bars are set to reopen with a one-metre-plus social distancing rule in place for patrons.
It’s a scenario that has seen Guinness leap back into action after a period of relative inaction at Dublin’s St James’s Gate brewery, where production dropped to the minimum level required to keep yeast stocks alive during lockdown.
Aidan Crowe, the director of operations at the brewery, said Guinness also sought to support on-trade customers by retrieving untouched kegs from closed hospitality outlets.
“It’s been a tough time in the brewery but it’s been a much tougher time if you’re trying to run on-trade outlets in this part of the world," he told the Press Association [via Metro].
“That’s why it was very, very important right from the start of the lockdown to support the on-trade as much as we could. That’s why we took the decision to bring back all of the beer from the on-trade.”
He added: “Basically
...More info on site
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Barley News
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EU: EU Commission reduces wheat harvest forecast, leaves barley projection almost unchanged
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The European Commission on June 25 made another big reduction to its forecast for this year's common wheat harvest in the European Union, lowering
...More info on site
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Canada: Total barley supply up by 17% in 2019-20
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For 2019-20, the total supply of barley in Canada increased by 17% from 2018-19 due to higher production despite historically low carry-in stocks, Agriculture and Agri-Food Canada said in their June report.
Total domestic use is expected to increase by 20%, largely due to strong feed use.
Exports for the first nine months of the crop year fell by 22% and 3% for barley grains and products, respectively. Total exports are expected to decrease based on the export pace.
Carry-out stocks are forecast to rise sharply from last year largely due to the significant increase in supply.
Increased barley supplies in Canada and around the world have weighed on barley prices. For the crop-year to-date, barley prices in the Prairie Provinces declined from a year ago but remained strong. For the entire crop year, the feed barley price at Lethbridge feedlots is expected to be 12% lower than last year.
Since 2014-15, China has been the largest export market for Canadian barley, taking more than half of Canadian barley grain exports. For 2019-20 to April, exports to China decreased by 18% particularly due to the declined exports to this country in February and March and nil in April.
The US is
...More info on site
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USA: Government approves changes to federal crop insurance for malting barley
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Changes are coming to the crop insurance program for malting barley, KFGO News reported on June 26.
The USDA Risk Management Agency and the Federal Crop Insurance Corporation Board of Directors have approved changes to the malting barley endorsement for federal crop insurance.
U.S. Senator John Hoeven says utilizing the local market price for barley will help ensure fair compensation for malting barley. He adds, that he appreciates the FCIC and RMA Administrator Barbre for making the adjustment, which will ensure that this specific crop insurance policy reflects the actual prices producers are receiving, ensuring producers are compensated accurately.
The malting barley endorsement provides quality loss coverage for growers that produce malting barley under contract.
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Hops News
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Canada: Hop growing getting a lot of attention in the last five years
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Hops might possibly be the most intensive crop you could grow in Canada, and aren’t for the faint of heart. Growing hops commercially has gotten a lot of attention in the last five years on the Prairies with the influx of craft breweries. Previously, hops were mainly grown in Ontario and British Columbia, and, in B.C. in particular, hops were a major commodity in the lower mainland until production moved south to the Yakima Valley in Washington and parts of Oregon and Idaho, RealAgriculture reported on June 24.
Ball park installation costs for a hop yard is C$12,000 per acre, more or less. Production inputs are approximately C$700 per acre, with labour costs being equivalent to that amount, so in total C$1,400 per acre to grow each year. In addition to production costs, specialized equipment is required including bine-cutters (it’s a bine, not a vine), a stationary picker that isn’t made in North America, drying boxes or space to dry them, balers, and a pelletizer, if you plan on selling them dry, not fresh. Hops require processing knowledge that has been missing in B.C. since the ’80s and what knowledge is left over is time-stamped and isn’t considered valid anymore.
With a
...More info on site
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