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Flash Summary
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E-Malt.com Flash 28a
July 12 - July 14, 2021
Quote of the Week
Not all chemicals are bad. Without chemicals such as hydrogen and oxygen, for example, there would be no way to make water, a vital ingredient in beer.
Dave Barry
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Currency Rates
Base Currency: Euro
on July 14, 2021 |
Base Currency: US Dollar
on July 14, 2021 |
| |
1 EUR = 1.1826 USD
1 EUR = 0.8538 GBP
1 EUR = 1.4768 CAD
1 EUR = 1.5831 AUD
1 EUR = 130.6000 JPY
1 EUR = 6.1154 BRL
1 EUR = 87.7714 RUB
1 EUR = 7.6480 CNY
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1 USD = 0.8455 EUR
1 USD = 0.7219 GBP
1 USD = 1.2488 CAD
1 USD = 1.3385 AUD
1 USD = 110.4200 JPY
1 USD = 5.1710 BRL
1 USD = 74.2174 RUB
1 USD = 6.4669 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| July 14, 2021 |
French Barley/Malt
Crop 2021
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
213.00-215.00 |  0.47% |
| 6RW Malting Barley (FOB Creil) |
208.00-210.00 | 0.95% |
| Feed Barley (FOB Creil) |
196.00-198.00 | 1.50% |
| 2RS Malt (FOB Antwerp) |
425.00-427.00 | 0.29% |
| 6RW Malt (FOB Antwerp) |
419.00-421.00 | 0.58% |
German Malting Barley
Crop 2020
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
nq | |
Danish Malting Barley
Crop 2021
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.
South Korea: Spending on alcoholic drinks expected to grow by 8.3% this year
...Click here
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The Czech Republic: Budejovicky Budvar sees net profit increase by almost 10% last year
...Click here
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World: Barley prices slowly edging downwards as harvest progresses
...Click here
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World: Barley trade forecast up in USDA’s July report
...Click here
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France: Barley, soft wheat crops expected to increase this year
...Click here
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EU & UK: Barley crop prospects favourable in the whole region
...Click here
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North America: Weather threatening to cause huge damage to Canada and US barley crops
...Click here
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EU: Barley exports slightly lower in July-June 202/21 than last year
...Click here
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India: Government inspecting Carlsberg India’s account books for alleged impropriety - sources
...Click here
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Ukraine: Ukraine’s farmers harvest 1.04 mln tonnes of barley as of July 9
...Click here
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Australia: Asahi confirms redundancies at Carlton & United Breweries
...Click here
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South Korea: Oriental Brewery criticized for frequent changes in beer prices
...Click here
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Graph of the week
Table of the week
EU Malt Exports
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
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
13 July
1568 - Dean of St. Paul's Cathedral perfects a way to bottle beer
1852 - Wells, Fargo & Co. is founded by Henry Wells and William G. Fargo
1898 - Guglielmo Marconi patents radio
14 July
1850 - 1st public demonstration of ice made by refrigeration
1853 - of the first major US world's fair, the Exhibition of the Industry of All Nations in New York City
1857 - Maytag invented the washing machine
1959 - 1st atomic powered cruiser, Long Beach, Quincy Massachusetts
1969 - The United States $500, $1,000, $5,000 and $10,000 bills are officially withdrawn from circulation
Agenda
July 2021:
22 - 24: InnBrew 2021 (Barcelona, Spain)
August 2021:
13 - 14: Beervana 2021 (Wellington, New Zealand)
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)
21 - 23: 11th Ibero-American VLB Symposium (Online)
22 - 24: Beer and Soft Drinks Industry 2021 (Kyiv, Ukraine)
23 - 25: Stockholm Beer & Whisky Festival 2021 (Stockholm, Sweden)
30 - 02 October: Stockholm Beer & Whisky Festival 2021 (Stockholm, Sweden)
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)
18 - 20: Expo Antad & Alimentaria Mexico 2021 (Mexico City, Mexico)
20 - 22: drink technology India 2021 (Mumbai, India)
22 - 23: Copenhagen Beer Festival 2021 (Copenhagen, Denmark)
November 2021:
03 - 06: VIETFOOD & BEVERAGE - VIETNAM 2021 (Ho Chi Minh City, Vietnam)
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)
15 - 17: Brasil Brau 2022 (Sao Paulo, Brazil)
20 - 23: Beer & Food Attraction 2022 (Rimini Expo Centre, Rimini, Italy)
March 2022:
09 - 12: Festival Brasileiro da Cerveja 2022 (Blumenau, Brazil)
29 - 31: Beviale Moscow 2022 (Moscow, Russia)
April 2022:
01 - 01: Zythos Beer Festival 2022 (exact dates to be confirmed) (Leuven, Belgium)
May 2022:
05 - 05: World Beer Cup 2022 (USA)
11 - 13: Craft Beer China 2022 (Shanghai, China)
29 - 01 June: The Brewers of Europe Forum & 38th EBC Congress (Madrid, Spain)
June 2022:
07 - 08: Bev Expo 2022 (Manchester, UK)
10 - 11: Tallinn Craft Beer Weekend 2022 (Tallinn, Estonia)
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Brewery News
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South Korea: Spending on alcoholic drinks expected to grow by 8.3% this year
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Spending on alcoholic drinks in South Korea is expected to grow by 8.3% in 2021, after rising by 2.3% in 2020, The Dinks Business
...More info on site
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The Czech Republic: Budejovicky Budvar sees net profit increase by almost 10% last year
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Budvar, the Czech brewer that has been in a long legal dispute with U.S. company Anheuser-Busch over use of the “Budweiser” brand, increased its net profit by almost 10% last year amid record output as the pandemic saw people drink less in bars and more at home, the Associated Press reported on July 12.
Budejovicky Budvar NP, a 125-year-old state-owned brewery, said on July 12 its net profit reached 305 million koruna ($14 million) in 2020. Its output rose 3.1% to a record of 1.73 million hectolitres (45.7 million gallons) last year.
Demand for its beer in tanks and barrels declined last year as bars and restaurants were closed for a long time, but Budvar was able to meet rising demand for bottled beer.
The brewer has been expanding in recent years to be able to produce more than 2 billion hectolitres (52.8 billion gallons) of beer a year. That investment made it possible to react to changes on the markets amid the coronavirus pandemic.
Budvar sells its beer in around 80 countries and Germany, one of its key markets, grew particularly strongly in 2020. Revenues also hit a record last year, growing 0.4% to 2.81 billion koruna ($129 million).
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UK: Budweiser UK to extend brewhouse in Samlesbury
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Budweiser UK, part of the massive AB InBev group, has submitted plans to South Ribble Council to extend both its brewhouse and MCV (Mash Conversion Vessels) building in Samlesbury as part of a £45 mln investment programme first announced in March, the Lancashire Post reported on July 13.
The application follows two previous ones in the past eight months to increase the size of the brewery - which employs 500 staff - and boost beer production.
Budweiser's latest plan is to build four new tanks and two new silos at the plant in Cuerdale Lane together with the extensions.
The company, which brews Stella Artois, Corona as well as Budweiser and Bud Light at Samlesbury, is pumping a total of £117m into its two main UK factories - the other in Magor, South Wales - with the aim of producing an extra 630m pints.
The Welsh plant gets £72 mln and an extra 32 jobs, while Samlesbury's share is £45 mln, creating 32 new jobs.
The investment programme shows how the brewer has bounced back from the Covid pandemic, with record sales in the last year.
It says it wants its expansion in Lancashire and Monmouthshire to be a catalyst for economic recovery across the UK.
Paula
...More info on site
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India: Government inspecting Carlsberg India’s account books for alleged impropriety - sources
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India’s government is inspecting the account books of the local unit of Carlsberg A/S, according to people with knowledge of the matter, following allegations
...More info on site
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Australia: Asahi confirms redundancies at Carlton & United Breweries
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Expected job losses following the merger of Asahi Beverages and Carlton & United Breweries have been confirmed, the Brews News reported on July 14.
Around 150 roles were made redundant following the merger, which has seen a number of major moves at all levels of the combined businesses.
At the end of last year, Peter Margin stepped down as chair of Asahi Holdings Australia.
Others have moved onto pastures new, such as John Phinney, who left Pirate Life when his role was made redundant following the merger and has now taken up the CEO role at Newstead Brewing in Brisbane.
Julian Sheezel, group general manager of corporate affairs at Asahi Beverages Oceania confirmed the cuts.
“With any type of major business integration there are usually job losses of around 5-10% due to duplication in roles,” Sheezel said.
“We’ve been able to keep our job losses to under 5%, with no award manufacturing job losses from the integration.
“We minimised job losses because of our new investments in growing the business, including significant capital investments in manufacturing.”
The A$16 billion deal which saw Asahi acquire Carlton & United Breweries from AB InBev was completed in June 2020.
As part of the deal the ACCC, which had previously said the acquisition
...More info on site
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South Korea: Oriental Brewery criticized for frequent changes in beer prices
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South Korea's largest beer-maker Oriental Brewery (OB) has come under criticism for raising and lowering factory prices of its beer products frequently over the past three years, The Korea Times reported.
Its price moves are in compliance with a commercial law revised in 2019 allowing brewers to freely set prices of their alcohol beverages.
Under the revised law, OB sought to gain price competency over its biggest rival HiteJinro that has been expanding its market share rapidly with its flagship beer Terra, according to industry sources.
But the repeated changes in its beer prices have caused confusion with wholesalers and retailers and made it harder for them to manage their stocks. They pointed out that this also caused problems for customers.
OB argued it has adjusted the prices in line with the changing environment of the beer market.
"Other companies are also adjusting their beer prices too, but it looks like we are doing it more often because we have more beer products than them," an OB official said.
For 500-milliliter bottles of Cass Fresh beer, OB has raised and reduced the price four times between April and October 2019. For Cass Light, the brewer cut the prices of 500-milliliter and 330-milliliter bottles one time in
...More info on site
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Barley News
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World: Barley prices slowly edging downwards as harvest progresses
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Global barley prices are slowly trending downwards as the industry players are watching closely the progress of the harvest and awaiting confirmation of the
...More info on site
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World: Barley trade forecast up in USDA’s July report
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Global barley trade 2021/22 is forecast at 34.277 mln tonnes this month – up from 33.667 mln tonnes forecast in June and 34.257 mln
...More info on site
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France: Barley, soft wheat crops expected to increase this year
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France, the European Union's biggest grain producer, is expected to produce 37.1 million tonnes of soft wheat this year, up 27.1% from 2020, the
...More info on site
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EU & UK: Barley crop prospects favourable in the whole region
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Barley crop prospects are favourable in the whole EU-27 as well as in the United Kingdom, H. M. Gauger GmbH analysts reported earlier this
...More info on site
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North America: Weather threatening to cause huge damage to Canada and US barley crops
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June barley acreage estimates are 3.36 mln tonnes vs. 3.06 mln ha a year ago for Canada and 1.05 mln ha for the U.S.,
...More info on site
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EU: Barley exports slightly lower in July-June 202/21 than last year
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Between July 2020 and June 2021 the EU shipped 7.08 mln tonnes of barley (last season 7.61 mln tonnes), H. M. Gauger GmbH reported
...More info on site
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Ukraine: Ukraine’s farmers harvest 1.04 mln tonnes of barley as of July 9
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Ukraine’s leading grain regions have started the 2021 harvest, threshing 1.37 million tonnes of grain as of July 9, the agriculture ministry said on July 9.
The volume includes 1.04 million tonnes of barley and 325,600 tonnes of wheat, the ministry said.
The barley yield averaged 3.93 tonnes per hectare and 3.15 tonnes per hectare for wheat.
Favourable weather could help Ukraine to harvest about 76 million tonnes of grain this year, up from 65 million tonnes in 2020, the ministry has said.
Analyst APK-Inform this week said that adverse weather conditions in key grain regions could lead to significant losses in Ukraine’s barley and wheat harvests.
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 Hops News
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UK: Hop growers buckling under oversupply
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British hop growers are buckling under the pressure after a year of pub closures and cancelled music festivals, the director of the British Hop
...More info on site
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