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Flash Summary
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E-Malt.com Flash 11b
March 18 - March 21, 2021
Quote of the Week
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Theodore Roosevelt
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Currency Rates
Base Currency: Euro
on March 19, 2021 |
Base Currency: US Dollar
on March 19, 2021 |
| |
1 EUR = 1.1940 USD
1 EUR = 0.8561 GBP
1 EUR = 1.4845 CAD
1 EUR = 1.5313 AUD
1 EUR = 130.1400 JPY
1 EUR = 6.6462 BRL
1 EUR = 88.2520 RUB
1 EUR = 7.7609 CNY
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1 USD = 0.8374 EUR
1 USD = 0.7170 GBP
1 USD = 1.2433 CAD
1 USD = 1.2824 AUD
1 USD = 108.9900 JPY
1 USD = 5.5663 BRL
1 USD = 73.9128 RUB
1 USD = 6.4999 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| March 19, 2021 |
French Barley/Malt
Crop 2020
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
216.00-218.00 |  0.46% |
| 6RW Malting Barley (FOB Creil) |
207.00-209.00 |  |
| Feed Barley (FOB Creil) |
201.00-203.00 | 0.98% |
| 2RS Malt (FOB Antwerp) |
423.00-425.00 | 0.29% |
| 6RW Malt (FOB Antwerp) |
412.00-414.00 | |
French Barley/Malt
Crop 2021
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
211.00-213.00 | |
| 6RW Malting Barley (FOB Creil) |
207.00-209.00 | |
| 2RS Malt (FOB Antwerp) |
414.00-416.00 | |
| 6RW Malt (FOB Antwerp) |
409.00-411.00 | |
German Malting Barley
Crop 2020
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
196.50-198.50 | 0.14% |
Danish Malting Barley
Crop 2020
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
1,464.00-1,466.00 | |
| Malting Barley (West) |
1,464.00-1,466.00 | |
No change;
 Price increase;
Price decrease versus last publication.
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Click here to see our Market Prices History.
EU & UK: Core EU malting barley producers and the UK to have about 900 thousand tonnes of exportable surplus this year
...Click here
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EU & UK: Analysts cut forecast for ending stocks of barley due to increased animal sector consumption
...Click here
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Canada: 2020-21 barley exports projected at 3.7 mln tonnes
...Click here
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World: February grain markets dominated by Chinese corn and soybean purchases
...Click here
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UK & EU: UK’s barley and wheat trade with EU countries stalls in early 2021
...Click here
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UK: Beam Suntory investing £6 mln in Glen Garioch’s renowned distillery
...Click here
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Ukraine: Barley export forecast increased to 4.25 mln tonnes
...Click here
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Australia: Asahi to buy barley directly from farmers
...Click here
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South Korea: Koreans tend to drink more frequently but daily drinking volume declines during pandemic
...Click here
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India & UK: Indian liquor makers body calls for cutting non-trade barriers on export of Indian alcoholic beverages to Britain
...Click here
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Graph of the week
Table of the week
UK Unroasted Malt Exports 1995 - 2021
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
18 March
1850 - Henry Wells and William Fargo forms American Express in Buffalo
1938 - Mexico takes control of foreign-owned oil properties
1985 - Capital Cities Communications Inc. acquires ABC
19 March
1775 - Poland and Prussia sign trade agreement
1831 - 1st U.S. bank robbery (City Bank, New York/$245,000)
1965 - Indonesia nationalizes all foreign oil companies
20 March
1886 - 1st AC power plant in U.S. begins commercial operation, Massachusetts
1991 - U.S. forgives $2 billion in loans to Poland
2000 - Shares in MicroStrategy Inc., a hot software consulting firm, fall from $246.75 to $86.75 in a single day as chairman Michael Saylor announces that the company will have to slash its reported revenues and earnings for the past two years
21 March
1868 - In London, the prospectus for the earliest known mutual fund is published as the Foreign and Colonial Government Trust offers its shares to the public for 85 pounds sterling
1906 - John D Rockefeller III is born, billionaire philanthropist (oil)
1986 - 199.22 million shares traded in New York Stock Exchange
1986 - Pittsburgh Associates buy Pittsburgh Pirates for $218 million
Agenda
March 2021:
23 - 23: Beviale Mexico 2021 (Online)
30 - 30: Beviale Mexico 2021 (Online)
April 2021:
12 - 14: Beer & Food Attraction 2021 (Rimini, Italy)
16 - 18: Cerveza Mexico Expo 2021 (Mexico City, Mexico)
20 - 20: EBC Symposium 2021 (Online)
27 - 29: 1st VLB International Craft Brewing Conference (Online)
30 - 02 May: Finest Spirits 2021 (Munich, Germany)
May 2021:
12 - 14: Craft Beer China 2021 (Shanghai, China)
17 - 23: Budapest Beer Week 2021 (Budapest, Hungary)
18 - 20: Beer 2021 (Sochi, Russia)
27 - 30: Wiener Bierfest 2021 (Vienna, Austria)
June 2021:
08 - 09: Bev Expo 2021 (Manchester, UK)
15 - 17: Brasil Brau 2021 (Sao Paulo, Brazil)
July 2021:
01 - 03: Helsinki Beer Festival 2021 (Helsinki, Finland)
13 - 15: Fdt Africa 2021 (Midrand, South Africa)
August 2021:
06 - 07: Tallinn Craft Beer Weekend 2021 (Tallinn, Estonia)
12 - 14: VIETFOOD & BEVERAGE - VIETNAM 2021 (Ho Chi Minh City, Vietnam)
24 - 28: 2nd VLB Africa Brewing Conference (Online)
September 2021:
09 - 12: Craft Brewers Conference & BrewExpo America 2021 (Denver, Colorado, USA)
16 - 18: Zurich Bier Festival 2021 (Zurich, Switzerland)
18 - 03 October: Oktoberfest 2021 (Munich, Germany)
21 - 23: 11th Ibero-American VLB Symposium (Barcelona, Spain)
22 - 24: Beer and Soft Drinks Industry 2021 (Kyiv, Ukraine)
October 2021:
07 - 10: Mondial de la Biere 2021 (Montreal, Canada)
13 - 15: Drink Japan 2021 (Makuhari Messe, Japan)
17 - 20: 14th International Trends in Brewing 'Beer & Society' 2021 (Leuven, Belgium)
November 2021:
04 - 05: Sea Brew 2021 (Taipei, Taiwan)
December 2021:
07 - 08: Brewers Congress 2021 (The Brewery, 52 Chiswell Street, London, UK)
February 2022:
11 - 14: HoReCa 2022 (Athens, Greece)
 Malt News
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UK: Pauls Malt enjoys rise in profits last year
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One of the UK’s biggest maltsters – Pauls Malt – enjoyed a rise in profits last year despite Covid-19 pressures on its brewing and
...More info on site
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Brewery News
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South Korea: Koreans tend to drink more frequently but daily drinking volume declines during pandemic
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During the pandemic the culture of drinking solo at home prevailed in South Korea, with adults tending to drink more frequently every month, though the average daily drinking volume has declined, The Drinks Business reported on March 18.
According to the “2020 Alcohol Industry Information Survey” report issued by the Ministry of Agriculture, Food and Rural Affairs of South Korea, consumers were drinking on average nine days a month last year.
The monthly average drinking frequency has been decreasing year by year since 2016 (8.9 days), with 8.8 days each in 2017 and 2018, and 8.5 days in 2019, but a renounce was seen last year.
The survey was conducted from 2-15 September last year on 2,000 men and women aged 19 to 59 in South Korea who consumed alcohol more than once a month within the previous 6 months.
Unlike the monthly frequency, the average daily alcohol consumption has decreased (6.7 glasses), compared with 2019 (6.9 glasses).
In terms of the drinking occasion, most respondents were “drinking solo” (74.9%) and “drinking at home” (72.0%). The answers were followed by: “various types of beer” (54.9%), “buying alcohol from convenience store” (49.9%), “enjoying drinking” (49.6%), “low drinking alcohol” (34.7%), etc.
In terms of the proportion of alcohol
...More info on site
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Barley News
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EU & UK: Core EU malting barley producers and the UK to have about 900 thousand tonnes of exportable surplus this year
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The core EU malting barley producing nations (France, Germany, Belgium, the Netherlands, Denmark, and Sweden) and UK’s total malting barley production this year is
...More info on site
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EU & UK: Analysts cut forecast for ending stocks of barley due to increased animal sector consumption
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Consultancy Strategie Grains on March 18 lowered its monthly forecast of soft wheat exports from the European Union and Britain in the 2020/21 season
...More info on site
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Canada: 2020-21 barley exports projected at 3.7 mln tonnes
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For 2020-21, Canadian barley exports are projected at 3.7 million tonnes (Mt), 21% higher than last year and the highest level since 2007-08, Agriculture and Agri-Food Canada said in their March report.
Statistics Canada (STC) reported that total exports of barley for the first half of the crop year increased by 41% compared to the same period a year ago, including a 58% rise in exports of raw barley grain and an 8% drop in exports of barley product. With respect to the export destinations, about 91% of the overseas sales of raw barley grain were shipped to China and the rest to Japan and the US. For barley products, approximately 50% went to the US, 40% went to Japan and Mexico, the remaining went to other overseas markets.
Total domestic use is projected to increase by 2%, driven by strong feed use. Industrial use is expected to decrease slightly.
Carry-out stocks are projected to decline to 0.6 Mt, a record low, based on expected robust exports and solid domestic feed use, despite a good supply at the beginning of the crop year.
The average price of feed barley for 2020-21 is expected to rise by 12% from 2019-20 to C$260/t, as
...More info on site
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World: February grain markets dominated by Chinese corn and soybean purchases
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February markets were dominated by large Chinese corn and soybean purchases, by Russian export quotas and taxes, by constantly changing weather news of drought,
...More info on site
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UK & EU: UK’s barley and wheat trade with EU countries stalls in early 2021
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The UK's barley and wheat trade with EU countries stalled significantly in early 2021, as both buyers and sellers adjusted to the new post-Brexit
...More info on site
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Ukraine: Barley export forecast increased to 4.25 mln tonnes
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Ukraine's APK-Inform consultancy has increased its 2020/21 barley export forecast to 4.25 million tonnes from the 4.20 million tonnes estimated a month ago, the
...More info on site
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Australia: Asahi to buy barley directly from farmers
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In a move that will go some way to help combat China’s tariffs on Australian barley exports the Japanese-owned Asahi Beverages will now source malt direct from Australian growers for the first time in decades to make the likes of Victoria Bitter and Carlton Draught, the Beer and Brewer reported on March 16.
Asahi, which developed the new direct sourcing program after it purchased Carlton & United last year, will now buy more than 70,000 tonnes of malted barley direct from farmers in Victoria and southern NSW to be used in their Yatala (QLD) and Abbotsford (VIC) breweries. Growers in northern NSW are expected to join the scheme before this year’s harvest while the first beers brewed under the program will be rolled out in April.
Asahi said the new supply chain will mean more than 90 per cent of barley used in their beverages will be purchased direct from farmers while the program is set to expand to their smaller breweries including Cascade in Hobart.
The lifeline comes after Australia’s A$600 million annual barley export to China was all but ended in May last year following Prime Minister Scott Morrison’s call for an independent inquiry into the origins of COVID-19. Custom authorities
...More info on site
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Whisky News
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UK: Beam Suntory investing £6 mln in Glen Garioch’s renowned distillery
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International spirits company Beam Suntory is making a significant £6 million investment in Glen Garioch’s renowned distillery in Oldmeldrum. The renovation will see the distillery return to more traditional production processes, while also introducing new cutting-edge technology for direct-fired distillation, the Grampian Online reported on March 16.
The planned changes will also reduce the distillery’s carbon footprint.
Work began in 2020, and various stages are expected to be completed over the course of 2021.
The cornerstone of this transformation will be the reintroduction of floor maltings as well as the installation of direct-fired heating to the wash still – traditional methods still used by only a handful of whisky distilleries.
The return to these traditional processes is a sign of Glen Garioch’s deeprespect for its rich heritage, as well as the complexity and quality of its small batch, hand-crafted Highland single malt.
To complement this return to tradition, Glen Garioch has developed a state-of-the-art, highly efficient and safe method for direct fired distillation, which Beam Suntory anticipates will reduce the distillery’s carbon footprint by around 15 per cent.
The first new make spirit will come off the stills later in 2021.
Distillery manager, Kwanele Mdluli commented: “We are proud to make this investment in Glen Garioch’s historic
...More info on site
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India & UK: Indian liquor makers body calls for cutting non-trade barriers on export of Indian alcoholic beverages to Britain
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Indian liquor makers body CIABC on March 16 urged the government to ask the UK to reduce non-trade barriers to provide easy market access for domestic alcoholic beverages in Britain, the Outlook India reported.
The UK should also remove a restriction of minimum 3 years maturation period for whisky as well as for rum, as it has been scientifically established that in warm Indian conditions, spirit ages 3-3.5 times faster than in the UK, Confederation of Indian Alcoholic Beverage Companies (CIABC) said in a statement.
The Indian government should "ask the UK government for removal of non-tariff barriers to allow easy export of Indian made alcoholic beverages to the UK", it added.
The body has suggested that the Indian whiskies should be allowed to be sold in the UK, irrespective of whether they are made from malt, grain spirits or molasses-based spirits.
"They (the UK) should accept Indian recipes as India accepts British recipes for whiskey," CIABC Director-General Vinod Giri said.
India exports just Rs 5 crore worth of alcoholic beverages annually to the UK against an import of Rs 1,300 crore, he added.
Exports to the UK constitute only 0.2 per cent of India's total outward shipments of alcoholic beverages, whereas imports from the UK
...More info on site
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