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Flash Summary
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E-Malt.com Flash 27a
June 29 - July 01, 2020
Quote of the Week
Without hustle, talent will only carry you so far.
Gary Vaynerchuk
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Currency Rates
Base Currency: Euro
on July 01, 2020 |
Base Currency: US Dollar
on July 01, 2020 |
| |
1 EUR = 1.1228 USD
1 EUR = 0.9108 GBP
1 EUR = 1.5317 CAD
1 EUR = 1.6327 AUD
1 EUR = 121.0200 JPY
1 EUR = 6.0965 BRL
1 EUR = 79.4173 RUB
1 EUR = 7.9363 CNY
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1 USD = 0.8905 EUR
1 USD = 0.8112 GBP
1 USD = 1.3641 CAD
1 USD = 1.4540 AUD
1 USD = 107.7800 JPY
1 USD = 5.4297 BRL
1 USD = 70.7303 RUB
1 USD = 7.0682 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| July 01, 2020 |
French Barley/Malt
Crop 2020
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
170.50-172.50 |  |
| 6RW Malting Barley (FOB Creil) |
165.00-167.00 |  0.60% |
| Feed Barley (FOB Creil) |
158.00-160.00 |  0.63% |
| 2RS Malt (FOB Antwerp) |
364.00-366.00 | |
| 6RW Malt (FOB Antwerp) |
357.50-359.50 | 0.34% |
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) |
1,204.00-1,206.00 | 15.31% |
| Malting Barley (West) |
1,204.00-1,206.00 | 9.05% |
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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.
EU & USA: European beer, olives, chocolate, and gin could be hit with steep import tariffs in the US
...Click here
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Croatia: Number of Croatians who drink beer every day increases - survey
...Click here
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EU: Barley crop prospects in Central Europe between rather poor and fair
...Click here
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Canada: StatsCan reports 1.4% increase in barley acreage
...Click here
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UK & USA: Scotch exports to the US down by 25% since imposing of import tariffs in October 2019
...Click here
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USA: Off-premise beer sales top $1 bln in four of the last five weeks - Nielsen
...Click here
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Brazil: Diageo doubles efforts to strengthen presence in e-commerce channels
...Click here
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USA: Brewers Associatin cuts another 17% of its workforce
...Click here
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Graph of the week
Table of the week
Czech Republic Hop Area and Production and Alpha Acid Output 2010-2020(f)
Barley Prices
Theoretical Malt Prices
These Days in Business History
29 June
1200 - In China, sunglasses are invented
1881 - 1st international telephone conversation, Calais, ME-St. Stephen, NB
1979 - The Wall Street Journal boot Chrysler from the Dow Jones Industrial Average and replace it with IBM
2007 - Apple Inc. releases its first mobile phone, the iPhone
30 June
1893 - Harold/Joseph Laski is born, English economist/Labour leader
1896 - W. S. Hadaway patents electric stove
01 July
1875 - Universal Postal Union established
1916 - Coca-Cola brings current coke formula to the market
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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EU & USA: European beer, olives, chocolate, and gin could be hit with steep import tariffs in the US
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European olives, chocolate, gin and beer made with malt are among the latest products that could be hit with steep tariffs as part of a US-European dispute over government subsidies to aircraft makers, CNN reported on June 24.
The US Trade Representative announced a list of 30 total products that could be subjected to new tariffs, noting the United States imports about $3.1 billion of these goods annually from Europe.
The United States already levied 15% to 25% tariffs on $7.5 billion worth of other European goods as part of this dispute. The new items could be hit with tariffs of as much as 100%, according to the notice.
The World Trade Organization has already sided with the United States in the dispute, which goes back to 2004. The WTO concluded in 2018 that the European Union helped Airbus (EADSF) with unfair subsidies that hurt sales of US-based Boeing's wide-body jets.
That decision opened the way for the United States to put tariffs on European goods.
The WTO also found that Boeing had received improper tax breaks from Washington state. The state removed the tax breaks earlier this year, but the European Union is still threatening to put tariffs on US goods in response to
...More info on site
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USA: Off-premise beer sales top $1 bln in four of the last five weeks - Nielsen
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Beer category dollar sales in off-premise retailers have now topped $1 billion in four of the last five weeks, according to market research firm Nielsen, Brewbound reported on June 30.
For the one-week period ending June 20, off-premise scans increased 21.2%, to $1.02 billion, the firm reported. Category sales also reached $1 billion for the weeks ending June 13, as well as the weeks ending May 23 and May 30, which bookended the Memorial Day holiday. Sales fell just short of the $1 billion mark for the week ending June 6, totaling $998.4 million.
The latest sales spikes have nearly rivaled the July 4 holiday week in 2019, the previous high-water sales week of the last 52 weeks. Now, heading into the 2020 July 4 holiday, sales are surging, and they could go even higher as states once again pull back on allowing on-premise consumption in an effort to once slow down surges in new cases of COVID-19.
Three states with the largest populations in the U.S. — California, Texas and Florida — have each halted on-premise consumption of alcohol either statewide or in certain counties amid growing numbers of new cases of the novel coronavirus. Other states, including Arizona, are following suit.
Danelle
...More info on site
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Croatia: Number of Croatians who drink beer every day increases - survey
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A total of 84.5% of Croatians drink beer and 8.8% do it every day, which is 3.7% more than two years ago, Hina reported on June 28 citing results of a new survey.
The survey was conducted in May 2020 by Ja Trgovac magazine and the Hendal market research agency on a representative sample of citizens aged 16 years and over.
It showed that 84.5% of the respondents drink beer, 2.8% fewer compared with a survey carried out two years ago before the world football championship in Russia. However, the number of those who drink beer every day increased from 5.1% to 8.8%.
Some 36% of those interviewed said that they drink beer several times a week, an increase of 6.3% from the previous survey, while 18.8% said they do so once a week, up from 12% two years ago. Slightly over 24% consume beer several times monthly, 7% once a month and 4.8% several times a year, markedly down from 17.3% in 2018. Only 0.1% drink beer fewer than several times a year, compared with 5.5% two years ago.
More than half of the respondents, namely 56.2% (up 5.3%), drink beer at home or at friends’ or relatives’, while the number of
...More info on site
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USA: Beer shipments drop 6.6% in May
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U.S. brewers’ shipments in May declined 6.6%, to 14.2 million barrels, a loss of 1 million barrels compared to May 2019, according to the Beer Institute (BI), which shared unofficial estimates of domestic tax paid shipments compiled by the Alcohol and Tobacco Tax and Trade Bureau (TTB), Brewbound reported.
However, the BI offered a caveat with this month’s report, noting that the trade group anticipates “significant revisions” to March, April and May 2020 shipment numbers, as the TTB has postponed reporting requirements for filing and payment due dates for up to 90 days.
Nevertheless, the BI now estimates that shipments have declined every month thus far in 2020, year-to-date shipments down 2.8%, or nearly 1.9 million barrels. Through the first five months of 2020, U.S. beer companies have shipped an estimated 65,764,000 barrels.
May’s 1 million-barrel decline is now the steepest of 2020, topping April’s 700,000-barrel decline. The growing dip in shipments in April and May coincides with the shutdown of bars, restaurants and taprooms due to the COVID-19 pandemic.
Off-premise beer sales have spiked during the shutdown, with dollar sales up nearly 18%, to around $18.9 billion year-to-date through June 14 in multi-outlet and convenience stores tracked by market research firm IRI.
In other
...More info on site
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USA: Brewers Associatin cuts another 17% of its workforce
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The Brewers Association has announced a second round of layoffs, cutting 17% of its workforce, the national trade group confirmed to Brewbound.
The layoff amounted to nine additional employees of the BA, including one of its most recognizable faces and advocates for small and independent U.S. craft brewers: Julia Herz.
Herz had worked for the BA for more than 13 years, last serving as craft beer program director and publisher of CraftBeer.com. Denver alt-weekly newspaper Westword first reported Herz’s departure from the BA.
Herz, who has already updated her LinkedIn profile with a new venture, HerzMuses Enterprises, in which she lists her new role as “advocate and educator,” played that same role with the BA and became one of the most prominent women in the male-dominated craft brewing industry.
Other people confirmed to be included in this round of cuts include several long-time employees:
Acacia Coast, who served as brewers guilds manager on the BA’s government affairs team, and worked for the organization for nearly a decade;
Gary Glass, director of the American Homebrewers Association, who had been with the organization for 20 years;
Kathryn Porter Drapeau, event association director, who had been with the group for more than 19 years.
The BA has now cut its workforce
...More info on site
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Barley News
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EU: Barley crop prospects in Central Europe between rather poor and fair
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Parts of Germany, Poland, and Central Europe (Austria, the Czech Republic, Slovakia, Hungary, and Croatia) suffer from dryness since years, which reduced subsoil moisture
...More info on site
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Canada: StatsCan reports 1.4% increase in barley acreage
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StatsCan is reporting seeded acreage this spring up for durum, lentils and barley but down for spring wheat, canola and soybeans.
Spring wheat is down almost 8 percent in Saskatchewan while durum jumped 13 percent.
Canola is down less than one percent while lentils jumped 12 percent across Canada.
Nationally, barley rose 1.4 percent to the highest seeded area since 2009 while oats gained 6.5 percent.
FarmLink Marketing solutions senior market analyst Neil Townsend says the StatsCan survey was close to market expectations and neutral for grain prices.
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Whisky News
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UK & USA: Scotch exports to the US down by 25% since imposing of import tariffs in October 2019
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The 25% tariff imposed on single malt Scotch whiskies in the U.S. last October is hampering what has been a vibrant upscale spirits segment in recent years. According to the Scotch Whisky Association (SWA), Scotch exports to the U.S. have declined by 25% since the tariff took effect, the Shanken News Daily reported on June 29.
“The tariffs make Scotch uncompetitive in the U.S. against other spirits and companies are losing sales and market share to competitor products,” said SWA chief executive Karen Betts. “This is hurting the industry at home as well as threatening the livelihoods of Americans who work in distribution, marketing, and hospitality in the U.S.”
With the U.S. now adding gin to the list of U.K. exports potentially in line for tariffs, U.K. distillers have further cause for concern. Betts noted that 70% of U.K.-made gin is produced in Scotland, which could see another blow to its export business if the U.S. follows through on its latest threat.
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Brazil: Diageo doubles efforts to strengthen presence in e-commerce channels
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Diageo Plc, the world’s largest spirits maker, has doubled efforts to strengthen its presence in e-commerce channels in Brazil as the coronavirus pandemic triggered lockdowns, driving customers to drink at home, a company executive said on June 26.
“Consumption at home has increased significantly over the past three months, but does not fully compensate revenue lost with the closure of bars, restaurants, nightclubs and events,” Diageo’s managing director for Brazil, Paraguay and Uruguay, Gregorio Gutierrez, told Reuters in an interview.
He did not specify how much sales have fallen in the region since the outbreak started, but noted that the so-called “on-trade: segment - in which alcoholic drinks are sold for consumption in licensed premises - represents between 40% and 50% of Diageo’s business.
“As soon as these on-trade channels closed, we reallocated our resources to an online task force,” Gutierrez added.
The Johnnie Walker whisky maker currently has partnerships with major retailers in Brazil, including international players such as Amazon.com and MercadoLibre, as well as the local subsidiaries of French supermarkets groups Casino Guichard Perrachon SA and Carrefour SA.
Despite efforts to boost online channels, Brazil’s alcoholic beverages association Abrabe estimates the coronavirus crisis reduced total sales by an average of 50%.
Brazil has become
...More info on site
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