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Flash Summary
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E-Malt.com Flash 43b
October 22 - October 25, 2020
Quote of the Week
Many battles have been fought and won by soldiers nourished on beer.
Frederick the Great
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Currency Rates
Base Currency: Euro
on October 23, 2020 |
Base Currency: US Dollar
on October 23, 2020 |
| |
1 EUR = 1.1832 USD
1 EUR = 0.9027 GBP
1 EUR = 1.5558 CAD
1 EUR = 1.6648 AUD
1 EUR = 123.9300 JPY
1 EUR = 6.6230 BRL
1 EUR = 90.7941 RUB
1 EUR = 7.8966 CNY
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1 USD = 0.8451 EUR
1 USD = 0.7629 GBP
1 USD = 1.3149 CAD
1 USD = 1.4069 AUD
1 USD = 104.7400 JPY
1 USD = 5.5975 BRL
1 USD = 76.7349 RUB
1 USD = 6.6738 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| October 23, 2020 |
French Barley/Malt
Crop 2020
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
185.00-187.00 |  0.54% |
| 6RW Malting Barley (FOB Creil) |
nq | |
| Feed Barley (FOB Creil) |
185.00-187.00 | 1.09% |
| 2RS Malt (FOB Antwerp) |
382.00-384.00 | 0.32% |
| 6RW Malt (FOB Antwerp) |
nq | |
French Barley/Malt
Crop 2021
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
189.00-191.00 |  |
| 6RW Malting Barley (FOB Creil) |
180.00-182.00 | 0.56% |
| 2RS Malt (FOB Antwerp) |
387.00-389.00 | |
| 6RW Malt (FOB Antwerp) |
376.00-378.00 | 0.33% |
German Malting Barley
Crop 2020
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
164.00-166.00 | 0.33% |
Danish Malting Barley
Crop 2020
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,194.00-1,196.00 | |
| Malting Barley (West) |
1,194.00-1,196.00 | |
No change;
Price increase;
 Price decrease versus last publication.
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Click here to see our Market Prices History.
Nigeria: Guinness Nigeria reports increased loss after tax for Q1 to September 30
...Click here
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China: China’s barley imports may reach up to 10 mln tonnes this season
...Click here
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North America: Canada and US barley crops seen slightly smaller this year
...Click here
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USA: Boston Beer’s Q3 net revenue increases by 30.2% versus last year
...Click here
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Australia & Vietnam: Australia engaging with Vietnamese brewers and maltsters to boost barley exports
...Click here
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UK: Diageo to roll out alcohol-free Guinness next week
...Click here
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India: Beam Suntory announces launch of Japanese blended whisky Suntory Whisky Toki
...Click here
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Graph of the week
Table of the week
World Hops Area and Production 2016 - 2019
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
22 October
1897 - World's 1st car dealer opens in London
1979 - Walt Disney World's 100-millionth guest
1997 - Yahoo completes purchase of Four11
23 October
1814 - 1st plastic surgery is performed (England)
1824 - 1st steam locomotive is introduced
1989 - Bankruptcy of Wartsila Marine; the biggest bankruptcy in the Nordic countries until then
24 October
1836 - A. Phillips patents the match
1857 - World's 1st football club, Sheffield FC, founded in England
2008 - "Bloody Friday" saw many of the world's stock exchanges experience the worst declines in their history, with drops of around 10% in most indices
25 October
1492 - Christopher Columbus and ship Santa Maria land in Dominican Republic
1952 - Tappan sells 1st microwave oven
1960 - 1st electronic wrist watch placed on sale, New York City
Agenda
October 2020:
21 - 24: Beer 2020 (Sochi, Russia)
26 - 28: 107 Brewing and Engineering Conference 2020 (Leipzig, Germany)
30 - 05 November: Brussels Beer Challenge 2020 (Brussels, Belgium)
November 2020:
10 - 12: Brau Beviale 2020 (Online)
11 - 11: European Beer Star 2020 - Award Ceremony & Winners' Night (Munich, Germany)
18 - 22: Mondial de la Biere Rio 2020 (Online)
20 - 21: Beervana 2020 (Wellington, New Zealand)
25 - 27: Drink Japan 2020 (Tokyo, Japan)
26 - 29: Stockholm Beer & Whiskey Tastings 2020 (Stockholm, Sweden)
December 2020:
09 - 11: Drink Technology India 2020 (Mumbai, India)
February 2021:
05 - 07: Finest Spirits 2021 (Munich, Germany)
09 - 13: Great British Beer Festival Winter 2021 (The New Bingley Hall, Birmingham, UK)
11 - 15: HoReCa 2021 (Athens, Greece)
12 - 14: Cerveza Mexico Expo 2021 (Mexico City, Mexico)
21 - 24: Beer & Food Attraction 2021 (Rimini, Italy)
March 2021:
02 - 04: Beviale Mexico 2021 (Centro Citibanamex, Mexico City)
10 - 13: Festival Brasileiro da Cerveja 2021 (Blumenau, Brazil)
23 - 25: Beviale Moscow 2021 (Moscow, Russia)
29 - 01 April: Craft Brewers Conference & BrewExpo America 2021 (San Diego, California, USA)
April 2021:
08 - 10: Zurich Bier Festival 2021 (Zurich, Switzerland)
17 - 18: Zythos Beer Festival 2021 (Leuven, Belgium)
30 - 01 May: Tallinn Craft Beer Weekend 2021 (Tallinn, Estonia)
May 2021:
12 - 14: Craft Beer China 2021 (Shanghai, China)
17 - 23: Budapest Beer Week 2021 (Budapest, Hungary)
20 - 23: Mondial de la Biere 2021 (Montreal, Canada)
27 - 29: Copenhagen Beer Festival 2021 (Copenhagen, Denmark)
27 - 30: Wiener Bierfest 2021 (Vienna, Austria)
June 2021:
13 - 15: Bangkok Brewing Conference 2021 (Bangkok, Thailand)
15 - 17: Brasil Brau 2021 (Sao Paulo, Brazil)
July 2021:
13 - 15: Fdt Africa 2021 (Midrand, South Africa)
August 2021:
12 - 14: VIETFOOD & BEVERAGE - VIETNAM 2021 (Ho Chi Minh City, Vietnam)
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Brewery News
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Nigeria: Guinness Nigeria reports increased loss after tax for Q1 to September 30
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Guinness Nigeria has reported a loss after tax increase of 127.2 percent at N841.64 million for the first quarter ended September 30 as mounting
...More info on site
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USA: Boston Beer’s Q3 net revenue increases by 30.2% versus last year
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The Boston Beer Company, Inc. reported on October 22 third quarter 2020 net revenue of $492.8 million, an increase of $114.3 million or 30.2%, from the same period last year.
Net income for the third quarter was $80.8 million, an increase of $36.0 million or 80.6% from the same period last year.
Earnings per diluted share were $6.51, an increase of $2.86 per diluted share, or 78.4% from the third quarter of 2019. This increase was primarily due to increased revenue that was driven by shipment growth of 30.5%, partially offset by lower gross margins and increases in operating expenses.
Earnings per diluted share for the 39-week period ended September 26, 2020 were $12.90, an increase of $4.83 or 59.9% from the comparable 39-week period in 2019. Net revenue for the 39-week period ended September 26, 2020 was $1.275 billion, an increase of $327.0 million or 34.5% from the comparable 39-week period in 2019.
The company began seeing the impact of the COVID-19 pandemic on its business in early March. The direct financial impact of the pandemic has primarily shown in significantly reduced keg demand from the on-premise channel and higher labor and safety-related costs at the company's breweries. In the
...More info on site
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UK: Diageo to roll out alcohol-free Guinness next week
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Diageo has unveiled an alcohol-free Guinness stout that will be rolled out in the UK next week, The Drinks Business reported on October 22.
The beer, which was made at Guinness’ St James Gate brewery in Dublin, comes in at 0.0% ABV, contains 16 calories per 100ml, and will be rolled out in the UK from 26 October. A full 440ml can contains just over 70 calories, and carry a recommended retail price of between £3.50 and £4.50 for a pack of four.
It is a de-alcoholised beer, where the alcohol is removed through a cold filtration method.
Most mainstream beers are either cold filtered to remove the yeast and bacteria, or heat pasteurised to kill all yeast and bacteria. Cold filtration allows the alcohol to be filtered out “without presenting thermal stress to the beer, protecting the integrity of its taste and character”, according to a spokesperson for Diageo, which owns the Guinness brewery.
Guinness 0.0 will be available in 440ml can 4-pack format in off-licences and supermarkets Waitrose and Morrison’s from 26 October, before rolling out to other retailers. It will be available in pubs across Ireland and Great Britain from Spring 2021 and available in more markets throughout the world later
...More info on site
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Barley News
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China: China’s barley imports may reach up to 10 mln tonnes this season
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Australia shipped 1 mln tonnes each of feed and malting barley to China in January-July, the second half 2020 shipments will be negligible, H.
...More info on site
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North America: Canada and US barley crops seen slightly smaller this year
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Statistics Canada reduced its barley crop estimate slightly to 10.4 mln vs. 10.55 mln tonnes last year. Private estimates are as high as 11 mln tonnes, with an export surplus of 3.0 mln, H. M. Gauger GmbH reported earlier in October.
The harvest went smoothly, and the barley quality is good, with a large percentage of selectable malting barley. If almost 2 mln tonnes are already sold to China, the export target looks realistic. However, port capacity is large, but limited, and wheat exports from Pacific ports are more profitable than barley.
The Small Grains report of the USDA shows a US barley crop of 165 mln bushels (3.6 mln tonnes), down from 3.75 mln last year. The main production states were: Idaho 1.2 mln tonnes, Montana 1.0 mln, North Dakota 0.63 mln tonnes.
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UK: Barley crop estimated at up to 8.1 mln tonnes
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Coceral barley crop estimates for the UK are: winter 2.4 mln tonnes, spring barley 4.6 mln tonnes, H. M. Gauger GmbH said in their
...More info on site
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Australia & Vietnam: Australia engaging with Vietnamese brewers and maltsters to boost barley exports
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With Vietnam’s malting barley imports set to nearly double by 2030, the Australian Export Grains Innovation Centre (AEGIC) is engaging with Vietnamese brewers and maltsters to ensure Australia maintains a significant market share, Grain Central reported on October 22.
Last week, AEGIC hosted a virtual event for the Vietnamese brewing and malting industry to provide an update on the 2020 growing season and communicate the benefits of Australian malting barley.
AEGIC barley markets manager Mary Raynes said Vietnam was famous for its beer drinking culture.
“Vietnam is in the top 10 beer markets globally and Australia is their largest supplier of malt and malting barley,” she said.
“Vietnam consumed more than 4.6 billion litres of beer in 2019. COVID has had an impact on beer consumption, however Vietnam is the third largest consumer of beer in Asia and the largest in South East Asia.”
Ms Raynes said beer production would increase by 2-3 per cent per annum towards 2030, boosting demand for malt and malting barley.
“AEGIC analysis forecasts that Vietnam’s malting capacity will increase towards 2030, which will result in malting barley imports jumping to about 330,000 tonnes, nearly double that required in 2019,” she said.
The webinar – “Australian Malting Barley: Optimising Value” – had
...More info on site
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Whisky News
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India: Beam Suntory announces launch of Japanese blended whisky Suntory Whisky Toki
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Beam Suntory, has announced the launch of an exquisite Japanese blended whisky, Suntory Whisky Toki, under the iconic, House of Suntory portfolio. The launch will mark the first expansion of the portfolio since its launch in India late last year with the introduction of the single malt Yamazaki Distiller’s Reserve, blended whisky Hibiki Japanese Harmony and Japanese Craft Gin Roku, fnbnews.com reported on October 23.
It is a blended whisky that is inspired by Japan’s culture, heritage and future-forward outlook. It represents the best of old and new bringing together the rich, age-old legacy with its contemporary and modern spirit to perfect a blend that is both groundbreaking and timeless.
Traditionally, in the time-honoured process of blending whiskies in Japan, grain whiskies have acted as dashi, meant to accentuate the flavours of key malts used. However, with the wide variety of grain whiskies that are produced in the company’s Chita distillery, Shinji Fukuyo, the fourth chief blender was inspired to reimagine the role of these grain whiskies to produce an artful blend that is a balance of subtlety and refinement.
Neeraj Kumar, managing director, Beam Suntory India, said, “We are delighted with the appreciation received for the launch of The House of Suntory
...More info on site
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