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Flash Summary
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E-Malt.com Flash 28b
July 09 - July 12, 2020
Quote of the Week
Beer, if drunk in moderation, softens the temper, cheers the spirit and promotes health.
Thomas Jefferson
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Currency Rates
Base Currency: Euro
on July 10, 2020 |
Base Currency: US Dollar
on July 10, 2020 |
| |
1 EUR = 1.1321 USD
1 EUR = 0.8966 GBP
1 EUR = 1.5322 CAD
1 EUR = 1.6231 AUD
1 EUR = 121.4200 JPY
1 EUR = 6.0388 BRL
1 EUR = 80.2881 RUB
1 EUR = 7.9134 CNY
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1 USD = 0.8832 EUR
1 USD = 0.7920 GBP
1 USD = 1.3534 CAD
1 USD = 1.4335 AUD
1 USD = 107.2500 JPY
1 USD = 5.3342 BRL
1 USD = 70.9204 RUB
1 USD = 6.9901 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| July 10, 2020 |
French Barley/Malt
Crop 2020
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
175.00-177.00 |  2.13% |
| 6RW Malting Barley (FOB Creil) |
166.00-168.00 | 0.60% |
| Feed Barley (FOB Creil) |
163.00-165.00 | 1.23% |
| 2RS Malt (FOB Antwerp) |
369.50-371.50 | 1.23% |
| 6RW Malt (FOB Antwerp) |
358.50-360.50 | 0.34% |
German Malting Barley
Crop 2019
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
160.50-162.50 |  2.38% |
Danish Malting Barley
Crop 2020
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,184.00-1,186.00 | 1.72% |
| Malting Barley (West) |
1,184.00-1,186.00 | 1.72% |
 No change;
Price increase;
Price decrease versus last publication.
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Click here to see our Market Prices History.
World: Latest beer sales statistics show declining volumes
...Click here
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World: Carlsberg reports 14.6% second-quarter group revenue decline
...Click here
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Japan: Sales of beer and beer-like drinks fall in the first half from a year earlier
...Click here
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World: World crops and consumption not that impacted by Covid-19 pandemic yet
...Click here
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UK: Winter barley area decreases, spring barley dramatically up this year
...Click here
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India: Miadiamante Foods & Beverages acquires majority stake in craft brewer Independence Brewing Company
...Click here
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South Africa: Craft brewers plead for support from state
...Click here
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South Korea: More and more Koreans cracking open a non-alcoholic beer this summer
...Click here
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Graph of the week
Table of the week
Canada Unroasted Malt Exports 2016 - 2019
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
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
11 July
1934 - FDR became 1st pres to travel through Panama Canal
1962 - 1st transatlantic TV transmission via satellite (Telstar I)
1972 - The first game of the World Chess Championship
1985 - Coca-Cola announces the return of Coke Classic after the company had tried displacing the old formula with New Coke
12 July
1793 - The world's first optical telecommunications network is launched
1854 - George Eastman is born, future founder of "Kodak"
1859 - Paper bag manufacturing machine patents by William Goodale, Massachusetts
Agenda
July 2020:
29 - 31: Beviale Mexico 2020 (Guadalajara, Mexico)
30 - 01 August: Korea International Beer Expo 2020 (Seoul, South Korea)
September 2020:
02 - 05: Expo Trade, Brewers Conference & Mar del Plata Beer Week 2020 (Mar del Plata Argentina)
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 Online 2020 (Online)
18 - 08 October: WBC Connect 2020 (Online)
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)
16 - 17: Great American Beer Festival 2020 (Online)
19 - 20: Planete Biere 2020 (Paris, France)
21 - 24: Beer 2020 (Sochi, Russia)
23 - 25: Cerveza Mexico Expo 2020 (Mexico City, Mexico)
26 - 28: VLB Brewing Conference 2020 (Leipzig, Germany)
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 - 22: Mondial de la Biere Rio 2020 (Rio de Janeiro, Brazil)
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)
March 2021:
23 - 25: Beviale Moscow 2021 (Moscow, Russia)
May 2021:
17 - 23: Budapest Beer Week 2021 (Budapest, Hungary)
June 2021:
13 - 15: Bangkok Brewing Conference 2021 (Bangkok, Thailand)
15 - 17: Brasil Brau 2021 (Sao Paulo, Brazil)
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Brewery News
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World: Latest beer sales statistics show declining volumes
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China’s January-May beer sales amounted to 126.4 mln hl - 14% less than over the same period last year. The earlier January-April period showed
...More info on site
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World: Carlsberg reports 14.6% second-quarter group revenue decline
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Danish brewer Carlsberg reported on July 10 that its second-quarter group revenue declined 14.6 percent and total volumes declined 7.8 percent, both on organic
...More info on site
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Japan: Sales of beer and beer-like drinks fall in the first half from a year earlier
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Sales of beer and beer-like drinks by all four major Japanese brewers fell in the first half from a year earlier, affected by sluggish
...More info on site
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The Czech Republic: Beer sector sees slow recovery
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Czech breweries are counting the costs of the coronavirus crisis. During the state of emergency which closed some 50,000 pubs around the country, beer
...More info on site
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India: Miadiamante Foods & Beverages acquires majority stake in craft brewer Independence Brewing Company
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Miadiamante Foods & Beverages, a Nashik-based company, has picked up a majority stake in microbrewery company, Independence Brewing Company (IBC), one of the largest and oldest microbreweries in India. This is among a few transactions in the F&B space in India since the lockdown was announced, the Financial Express reported on July 10.
Miadiamante, promoted by Krishen Lal Khanna and Anirudh Khanna, acquired a majority stake in IBC from Indus Brew LLC, a US-based entity. Co-founded by Shailendra Bist, majority of the stake in IBC was previously owned by Indus Brew LLC, Greg Koch (co-founder, Stone Brewing Company) and Avanish Vellanki (co-founder & CEO, Rain Therapeutics).
IBC is widely present across Mumbai and Pune through its outlets and beer distribution business and its revenues were at around $2 million in FY20.
While Miadiamante has purchased a majority stake, founder Bist will continue to own a minority stake and invest efforts in growing the business further. What was previously a US-based LLC has now been converted into an Indian family-owned company, which will run the business.
Mihir Mehta, SVP, Ashika Capital, which facilitated the deal, said the ongoing pandemic had affected the economy drastically with the F&B sector being one of the worst-affected. “Firms should
...More info on site
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South Africa: Craft brewers plead for support from state
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Only 10% of South African craft brewers believe they will be able to continue trading in the near future if the current restrictions on the trade of alcohol and the prohibition of on consumption sales continue. Seven breweries closed down in June, retrenching all their staff, Food For Mzansi reported on July 9.
Responses received from more than 100 breweries in a recent survey conducted by the Craft Brewers Association of South Africa (CBASA), shows that the industry suffered major blows resulting from covid-19 and the resulting economic lockdown.
The future of local craft beer is extremely volatile following a nine-week-long ban on the sale of alcohol and strict trading regulations. The industry has recorded alarming losses and has called on government to help give them a fighting chance of survival.
According to the survey seven breweries were forced to shut their doors permanently in June. More than half of the respondents indicated that their sales have decreased by between 60-100% since the start of lockdown, while 24% indicated that their sales dropped by between 90-100%. A bulk (87%) of the brewers says they are currently unable to meet monthly expenses.
Early in May, Food For Mzansi also reported on the forced closure of
...More info on site
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South Korea: More and more Koreans cracking open a non-alcoholic beer this summer
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As the summer heats up, more and more Koreans are cracking open a cold one — a cold non-alcoholic beer that is, with sales of the alcohol-free drinks shooting up so fast the growth rate is expected to overtake regular beer in the next few years, the Korea JoongAng Daily reported on July 9.
Recognizing the trend, beer manufacturers have jumped on the bandwagon, including Oriental Brewery that recently announced plans to release a non-alcoholic version of Cass, Cass Zero.
According to the Korea Agro-Fisheries & Food Trade Corporation last month, the global non-alcoholic beer market is projected to post annual growth averaging 23.1 percent every year from 2019 to 2024. The statistics is nearly seven times larger than the estimated 3.2 percent growth for the regular beer market.
Last year, the market value of non-alcoholic beer in Korea was estimated at about 10 billion won ($8.3 million), which only accounts for around 0.25 percent of the total beer market, at 4 trillion won.
The non-alcoholic beer market has been growing rapidly this year. Sales of alcohol-free beer in the first half of the year increased 22.7 percent, not significantly different from the regular market. According to the report released
...More info on site
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Barley News
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World: World crops and consumption not that impacted by Covid-19 pandemic yet
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The corona pandemic, affecting all sectors of the economy, has, however, no great impact on world crops and consumption yet, H. M. Gauger GmbH
...More info on site
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UK: Winter barley area decreases, spring barley dramatically up this year
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The Agriculture and Horticulture Development Board (AHDB) released the results of its spring planting and variety survey on July 8, Agriland reports.
According to AHDB,
...More info on site
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