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E-Malt.com Flash 31b
July 25 - August 07, 2022
Quote of the Week
Dear E-malt.com Reader, please accept our apologies for skipping the publication of 3 of our newsletters during the last couple of weeks due to a server change. We are happy to return to our normal publication schedule now. Thank you for your patience and apologies for all the inconvenience caused.
Yours faithfully, the E-malt.com Team
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Currency Rates
Base Currency: Euro
on August 05, 2022 |
Base Currency: US Dollar
on August 05, 2022 |
| |
1 EUR = 1.0200 USD
1 EUR = 0.8396 GBP
1 EUR = 1.3106 CAD
1 EUR = 1.4643 AUD
1 EUR = 136.2150 JPY
1 EUR = 5.3576 BRL
1 EUR = 62.1805 RUB
1 EUR = 6.8843 CNY
|
|
1 USD = 0.9803 EUR
1 USD = 0.8231 GBP
1 USD = 1.2849 CAD
1 USD = 1.4355 AUD
1 USD = 133.5420 JPY
1 USD = 5.2528 BRL
1 USD = 60.9644 RUB
1 USD = 6.7497 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| August 05, 2022 |
French Barley/Malt
Crop 2022
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
376.00-378.00 |  0.53% |
| 6RW Malting Barley (FOB Creil) |
334.00-336.00 | 3.46% |
| Feed Barley (FOB Creil) |
293.00-295.00 |  |
| 2RS Malt (FOB Antwerp) |
687.50-689.50 | 0.36% |
| 6RW Malt (FOB Antwerp) |
636.00-638.00 | 2.27% |
German Malting Barley
Crop 2022
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
355.50-357.50 | 3.47% |
 No change;
 Price increase;
 Price decrease versus last publication.
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Click here to see our Market Prices History.
Canada & Australia: United Malt forced to downgrade profit forecast, sees share price plummeting
...Click here
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Mexico: Malteurop to invest US$120 mln in order to supply malt to Heineken Mexico
...Click here
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World: AB InBev reports higher than expected second-quarter earnings
...Click here
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World: Heineken posts higher than expected first-half earnings
...Click here
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World: Corona once again crowned as world’s most valuable beer brand – Brand Finance
...Click here
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World: Molson Coors Beverage sees profit fall in Q2
...Click here
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The Netherlands: Beer sales up almost 13% in H1 2022
...Click here
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World: Global craft beer projected to grow at CAGR exceeding 8% in 2022-2030
...Click here
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India: United Breweries announces five-fold consolidated profit increase
...Click here
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Germany: Beer sales rise 3.8% through first half of 2022
...Click here
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Italy: Beer production in 2021 surpasses 2019 and 2020 volumes
...Click here
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China: Budweiser Brewing Company vows to continue expansion strategy for China
...Click here
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World: Beer price increases lagging behind inflation – AB InBev CEO
...Click here
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Vietnam: Sabeco reports highest post-tax profits since acquisition by ThaiBev
...Click here
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Singapore: ThaiBev may decide against proceeding with brewery unit listing
...Click here
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Nigeria: Guinness Nigeria reports results for financial year ended June 2022
...Click here
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World: Barley crop forecast slightly up in latest RMI Analytics report
...Click here
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EU: Winter crop assured with good yields and quality, spring barley now the focus
...Click here
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North America: Prospects of barley crop greatly improved by favourable weather conditions
...Click here
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Argentina: Prices lower for both malting and feed barley
...Click here
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EU: Poor barley crop conditions reported all around the Mediterranean
...Click here
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Black Sea: Russia and Kazakhstan expected to harvest larger barley crops this year
...Click here
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Australia: Most regions reporting very good barley crop development
...Click here
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Argentina: Farmers completing last 15% of barley seedings
...Click here
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USA: Approximately 26 additional states grew hops for crop 2021 in the US
...Click here
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Germany: Hop acreage, number of hop growers falls in Germany in 2021
...Click here
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The Czech Republic: Hop acreage virtually unchanged in 2021
...Click here
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France: Condition of maize, spring barley crops deteriorates for second consecutive week
...Click here
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USA, KY: Beam Suntory to expand capacity at its Booker Noe Distillery
...Click here
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Kenya: Beer is most preferred drink among Kenyans - report
...Click here
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UK: Alcohol-free and low-alcohol beers may be allowed higher ABV percentage
...Click here
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Japan: Kirin to expand in health care to reduce reliance on beer
...Click here
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Malaysia: Heineken Malaysia to raise some of its products prices from August 1
...Click here
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Kenya: Keroche Breweries files application against Kenya Revenue Authority
...Click here
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Thailand: Excise Department plans to tax non-alcoholic beers
...Click here
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Germany: Bavarian breweries developing contingency plans to switch to alternative energy sources
...Click here
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Graph of the week
Table of the week
Poland Hop Area and Production and Alpha Acid Output 2009-2022(f)
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
04 August
1693 - Dom Perignon invents champagne
1790 - Congress enacts Alexander Hamilton's plan to fund the public debt and giving birth to the American securities markets
1930 - Michael J. Cullen opens his first King Kullen store. He calls it a "supermarket," one of the nation's first - and it is a smash hit, as people drive from miles around for the new shopping experience
2007 - NASA's Phoenix spaceship is launched
05 August
1914 - 1st traffic light installed (Euclid Ave & E 105th St, Cleveland)
1926 - 1st talkie movie "Don Juan" at Warner Theatre, NY
1930 - Birth of Neil Armstrong , X-15 pilot, 1st Moonwalker (Gemini 8, Apollo 11)
1991 - Soichiro Hondo CEO & founder (Honda), dies of liver cancer at 84
06 August
1661 - Holland sells Brazil to Portugal for 8 million guilders
1945 - Hiroshima Peace Day-atom bomb dropped on Hiroshima by "Enola Gay"
1990 - UN Security Council votes 13-0 (2 abstentions Cuba & Yemen) to place economic sanctions against Iraq
07 August
1888 - Theophilus Van Kannel of Philadelphia patents revolving door
1928 - The dollar shrinks, literally: the US Treasury unveiled a new version of the note that was one third smaller than its predecessor
1955 - Tokyo Telecommunications Engineering, the precursor to Sony, sells its first transistor radios in Japan
1959 - Explorer 6 transmits 1st TV photo of Earth from space
Agenda
August 2022:
11 - 13: VIETFOOD & BEVERAGE - VIETNAM 2022 (Saigon Exhibitions and Conventions Center. 799 Nguyen Van Linh Street, District 7, HoChiMinh City, Vietnam)
14 - 16: Brewing Summit 2022 (Providence, Rhode Island, USA)
September 2022:
02 - 04: Finest Spirits 2022 (Munich, Germany)
12 - 16: Drinktec 2022 (Messe Muenchen, Munich, Germany)
17 - 03 October: Oktoberfest 2022 (Munich, Germany)
27 - 29: 3rd VLB Africa Brewing Conference (VLB Virtual Campus)
October 2022:
06 - 08: The Great American Beer Festival 2022 (Denver, USA)
12 - 15: China Brew & China Beverage 2022 (Shanghai New International Expo Centre, China)
13 - 15: Warsaw Beer Festival 2022 (Warsaw, Poland)
27 - 28: Sea Brew 2022 (Bangkok, Thailand)
November 2022:
22 - 23: 12th Iberoamerican VLB Symposium Brewing & Filling Technology 2022 (Uberlandia, Brazil)
December 2022:
06 - 07: 3rd VLB International Brewing Web Conference (VLB Virtual Campus)
07 - 09: Drink Technology India 2022 (Bombay Exhibition Centre, Mumbai, India)
07 - 09: Drink Japan 2022 (Makuhari Messe, Japan)
February 2023:
10 - 13: HoReCa 2023 (Athens, Greece)
20 - 23: Beer & Food Attraction 2022 (Rimini, Italy)
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Malt News
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Canada & Australia: United Malt forced to downgrade profit forecast, sees share price plummeting
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A harsh Canadian drought has battered United Malt, the world’s fourth-largest supplier of malt to the beer and whisky industry, sending its share price
...More info on site
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Mexico: Malteurop to invest US$120 mln in order to supply malt to Heineken Mexico
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As part of the European trade mission of Maru Campos, Governor of Chihuahua, the final amount of the investment of the Malteurop company in
...More info on site
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Brewery News
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World: World beer production up 4% last year
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World beer production in 2021 was up by just below 71 mln hl year on year, amounting to a rise of 4 %, the Barth-Haas
...More info on site
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World: AB InBev reports higher than expected second-quarter earnings
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Anheuser-Busch InBev, the world's largest brewer, reported higher than expected second-quarter earnings on July 28 as its Latin American consumers drank more and it
...More info on site
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World: Heineken posts higher than expected first-half earnings
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Heineken on August 1 posted higher-than-expected first-half earnings, as consumers bought more beer despite inflationary pressures, but the world’s second-largest brewer shelved its margin
...More info on site
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World: Corona once again crowned as world’s most valuable beer brand – Brand Finance
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Business valuation consultancy firm Brand Finance recently released a list of the world’s most valuable beer brands in 2022 and it was an incredibly
...More info on site
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World: Molson Coors Beverage sees profit fall in Q2
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Molson Coors Beverage Co. saw profit fall in the second quarter as it generated net sales growth for the fifth consecutive quarter for the
...More info on site
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World: Diageo sees 21.4% rise in full-year sales
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Drinks maker Diageo reported a jump in full-year sales on July 28 thanks to "resilient" demand and price increases.
Net sales rose 21.4% to £15.5
...More info on site
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Brazil: Ambev’s Q2 profit, sales volume increase
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Ambev SA said on July 28 its profit increased in the second quarter, as sales volumes rose with more people drinking outside the home,
...More info on site
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The Netherlands: Beer sales up almost 13% in H1 2022
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Beer sales are going well again, after two years of coronavirus lockdowns. Dutch brewers sold almost 13 percent more beer first half of the
...More info on site
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World: Global craft beer projected to grow at CAGR exceeding 8% in 2022-2030
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Global craft beer is projected to grow at a CAGR exceeding 8% between 2022-2030, The Drinks Business said on July 27 citing a new
...More info on site
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India: United Breweries announces five-fold consolidated profit increase
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United Breweries Ltd., a manufacturer of beer, announced on July 27 a five-fold increase in its consolidated net profit to Rs162.50 crore for the
...More info on site
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Italy: Beer production in 2021 surpasses 2019 and 2020 volumes
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Italian beer production reached 17.6 million hectolitres (hl) in 2021, surpassing both 2019's (17.3 million hl) and 2020's (15.8 million hl) figures.
The figures come
...More info on site
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China: Budweiser Brewing Company vows to continue expansion strategy for China
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Budweiser Brewing Company APAC Limited has vowed to continue its expansion strategy for China after registering increased revenue in the first half of the
...More info on site
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Germany: Beer sales rise 3.8% through first half of 2022
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Almost 160 million litres more beer were consumed in Germany in the first six months of 2022 when compared with the same period in
...More info on site
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Vietnam: Sabeco reports highest post-tax profits since acquisition by ThaiBev
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Vietnam's largest brewer Sabeco reported post-tax profits of VND1.79 trillion ($76.6 million) for the second quarter, the highest since ThaiBev acquired it in 2017,
...More info on site
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World: Beer price increases lagging behind inflation – AB InBev CEO
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Global beer price increases are lagging behind inflation, giving them further room to rise, the head of AB InBev, the world’s biggest brewer said.
The
...More info on site
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Singapore: ThaiBev may decide against proceeding with brewery unit listing
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Thai Beverage may decide not to proceed with its proposed spin-off listing of brewery unit BeerCo on the Singapore Exchange (SGX) mainboard, if the board deems it to not be in the interest of shareholders, the company said in a Friday (Jul 29) bourse filing.
“Accordingly, there is no certainty or assurance that the proposed spin-off listing will materialise in due course, at all, or in the form as described in the May 5 announcement,” the company said.
ThaiBev was responding to a recent international media report by IFR that the BeerCo listing has been “pushed back… to September-October subject to an improvement in market conditions”. The proposed transaction involves a public offering of up to 20 per cent of the total number of issued ordinary shares of BeerCo.
Addressing the report, the company said “no final decision” has been made on the timing of the transaction, and it remains committed to pursuing the transaction, with “form, feasibility, and appropriate timing of listing” evaluated on an ongoing basis. This assessment will take prevailing market conditions into account, among other factors.
ThaiBev had previously received a no-objection letter from SGX for the proposed listing in February 2021, but later deferred the transaction due to market
...More info on site
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Ireland: Diageo records a jump in annual sales
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Guinness maker Diageo recorded a jump in annual sales as drinkers returned to bars post-pandemic and predicts further growth despite inflation.
The beverage company did
...More info on site
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Nigeria: Guinness Nigeria reports results for financial year ended June 2022
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Guinness Nigeria Plc traded off profit season in the final quarter but galloping growth across three quarters still lifted full year profit twelve and half times to N15.6 billion at full year. A disappointing final quarter added only N350 million to the closing profit of N15.3 billion at the end of the third quarter, The Cable reported on July 31.
The company’s audited financial report for the full year ended June 2022 shows a complete loss of operating speed with which the brewing company built profits of N4 billion in the first quarter, N4.8 billion in the second and N6.5 billion in the third.
The company maintained the pattern of the preceding financial year when it closed with a lower profit figure of N1.25 billion than the N1.84 billion it reported at the end of the third quarter.
The profit dry up in the final quarter is despite that the company raked in sales revenue in excess of N47 billion in the final quarter though it is the lowest quarterly sales figure for the company in the year.
One major cost increase in the final quarter encroached on sales revenue for the period and thinned down profit capacity. This is an administrative
...More info on site
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Australia: Tax Office lifts beer excise by 4%
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Australian drinkers woke up to more than a hangover on August 1 as accelerating inflation and a quirk in the tax system sent the price of beer surging, Bloomberg reported.
In its semi-annual CPI indexation review, the Australian Tax Office lifted the excise on a frothy by 4%. It was the largest increase in over 30 years, according to the Brewers Association of Australia.
“Sadly, we’re now seeing the impact as pub patrons will soon be faced with the prospect of regularly paying around A$15 for a pint at their local,” said John Preston, CEO of the association. “Australians are taxed on beer more than almost any other nation.”
Australia adjusts the excise on beer under a formula linked to inflation, which in the most recent reading climbed at the fastest annual pace in 21 years.
The higher price is likely to add to growing cost-of-living pressures already hurting consumers in the historically beer-loving nation, where inflation is expected to peak at almost 8% by December. The result may encourage consumers to drink more wine, which operates under a different system of taxation.
Escalating consumer prices are likely to see the Reserve Bank of Australia push ahead with further interest rate increases after 125 basis
...More info on site
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Japan: Kirin to expand in health care to reduce reliance on beer
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Kirin Holdings, Japan’s second-largest brewer, is planning to expand in health care to reduce its reliance on beer as it foresees increasing regulation of the alcoholic beverages industry, the Japan Times reported on August 1.
It’s one of the first major players to lay out its plans after the World Health Organization in May called for stricter rules on digital marketing that companies use to promote their products across borders and urged governments to set higher prices to discourage drinking. Kirin’s approach stands in contrast to bigger rivals like Anheuser-Busch InBev and Asahi Group Holdings, who are doubling down on alcohol and investing in higher-end businesses like craft beers.
“I feel that more regulations are to come, and future of the beer business will probably be very difficult,” said Takeshi Minakata, head of the health science business at Tokyo-based Kirin. “There is a certain risk to continue to rely on the alcohol industry forever.”
The company has chosen health care as its next area for growth, and will invest its resources accordingly, Minakata said, acknowledging it may take time. Kirin aims to generate ¥500 billion ($3.8 billion) in health care sales over the next decade by starting contract manufacturing for pharmaceutical ingredients, expanding
...More info on site
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Kenya: Beer is most preferred drink among Kenyans - report
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A new report has determined that beer is the most preferred drink among Kenyans in 2022, the Business Insider Africa reported on July 29.
The East African Breweries PLC (EABL) report revealed that Kenyans increased their uptake of various alcoholic drinks in the financial year ended June 30, 2022, compared to the previous year.
Data from the report showed that Kenyans spent Ksh109.4 billion ($ 11 million) to buy various alcoholic brands in the country. The report stated that this figure represents a 27 per cent increase in the net sale recorded in the previous year.
Further insights from the report also showed that the overall amount Kenyans spent on hard drinks is likely to be higher than the net sale EABL recorded if the net sales of other brewers in the country are considered.
“The group’s net sales were boosted by double-digit growth across all its markets and categories, owing to an improved operating environment as outlets reopened, coupled with sustained investment behind marketing and commercial activities,” the report said.
One exciting highlight from the report indicated that beer was the most preferred drink among Kenyans. According to the report, beer performance was up 27 per cent, aided by the beer recovery in Kenya,
...More info on site
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UK: Alcohol-free and low-alcohol beers may be allowed higher ABV percentage
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A shift in policy waiting sign off by the next UK Prime Minister will see alcohol-free and low-alcohol beers permitted to increase in strength as part of plans to tempt people to cut down their alcohol intake, without the government being seen as running a “nanny-state”, The Drinks Business reported on July 26.
As the no-and low-alcohol sector continues to surge, new plans would see the UK government widen the net for brands by relaxing the ABV limits currently placed upon products.
The proposal is awaiting sign off from the next Prime Minister, though The Times notes that neither Rishi Sunak nor Liz Truss raised objections when the plans were sent to ministers ahead of formal government sign off.
Current government legislation means that ‘no-alcohol’ products must contain no more than 0.05% ABV, while ‘low-alcohol’ products must contain less than 1.2% ABV.
Under the new plans, limits could be raised to as high as 1% ABV for ‘no-alcohol’ and 3% ABV for ‘low-alcohol’ products.
Matt Lambert, CEO of alcohol social responsibility body and marketing regulator the Portman Group, said:
“The Portman Group’s own research with YouGov at the start of the year shows there is a growing appetite for low and no alcohol alternatives with
...More info on site
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Malaysia: Heineken Malaysia to raise some of its products prices from August 1
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Brewer Heineken Malaysia Bhd will be raising some of its product prices from August 1 in the light of rising costs, following in the footsteps of rival Carlsberg Brewery Malaysia Bhd, which did so July 1, The Edge Markets reported on July 26.
The move, coupled with the rising inflation pinch felt by consumers, increases the likelihood of the brewers facing poorer demand in the second half of the year.
Nevertheless, analysts say their respective full-year earnings are on track to recover to, or even beat, levels of the pre-Covid-19 year of 2019. They also expect the brewers’ dividends — typically higher than what is generally paid out in the market — to remain intact.
However, with the national budget set to be tabled in parliament on Oct 28 and the government needing to grow income, investors will also be keeping a close eye on whether the brewers will be hit with an excise duty hike. The last effective excise hike was in 2006. In 2016, there was a “rebasing”, with brewers seeing a change from “excise per litre of beverage” to “excise per litre of alcohol in beverage”.
Analysts were not surprised by Heineken’s upcoming price hike.
“Although beer consumption demand enjoys a
...More info on site
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Kenya: Keroche Breweries files application against Kenya Revenue Authority
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Keroche Breweries has filed an application against the Kenya Revenue Authority (KRA) and Commissioner General Githii Mburu for disregarding a High Court order to re-open the plant, The Star reported on July 24.
Through H&K law advocates, the firm filed the application at the High Court on Friday under the certificate of urgency.
The firm noted that High Court Judge Alfred Mabeya had on July 14, 2022, issued an order directing KRA to reopen the brewer but the tax agency moved to court on July 18 to seek an order to stop the reopening.
According to Keroche’s lawyers, Lady Justice Abigael Mshilla did not certify KRA’s application not to reopen the brewer and no orders were issued regarding the said application.
The firm noted that the tax agency had failed to honour the said orders.
"The applicant is apprehensive that if this application is not heard on a priority basis, the respondent will continue to deliberately ignore the orders of the court occasioning the applicant's losses.
The lawyers noted that the KRA led by Mburu failed in its application to cause the reopening of Keroche Breweries in compliance with the orders.
KRA closed down the factory over fresh tax arrears last month.
This was the sixth time in
...More info on site
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Thailand: Excise Department plans to tax non-alcoholic beers
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Thailand’s Excise Department has announced that it will tax non-alcoholic beers next year in an effort to prevent rise in the number of new drinkers, The Nation reported on July 25.
According to the Public Health Ministry, consumers regard the non-alcoholic drinks as an alternative to other drinks as they are considerably cheaper due to the lack of tax.
The makers are also able to distribute samples at educational institutes as they are labelled as non-alcoholic.
The department has now completed the HS code and tax rate for the 0-per-cent beers, which will be taxed at more than 14 per cent (regular drinks) but at less than 22 per cent (beer containing alcohol). The draft proposal will now be submitted to the cabinet for approval. The draft includes other products related to alcoholic drink such as beer tablets.
The director claimed that the tax rate will not affect the retail price since the 0-per-cent alcohol beers are being sold for almost the same price as ordinary beers but without the high taxes.
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Germany: Bavarian breweries developing contingency plans to switch to alternative energy sources
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Bavarian breweries concerned about possible gas shortages are developing contingency plans to avoid a complete halt of beer production, reports regional news website inFranken.de.
Munich breweries are considering switching to other energy sources, such as oil or renewables, but these transitions are unlikely to be straightforward and will take time and planning. In most cases, gas is the main source of energy for brewing beer, and so brewers worry that if gas supplies from Russia do not approach previous levels, production could come to a standstill.
“It would be naturally catastrophic for our company and our consumers”, Steffen Marx, founder of Giesinger Bräu, told the newspaper Süddeutsche Zeitung.
Brewery Hofbräu München is also considering a switch to oil, while the Franziskaner, Spaten and Löwenbräu breweries aim for a transition to renewables.
Other supplies, such as bottles and labels, are also under pressure, Michael Huber from Western German Veltins brewery, told the Handelsblatt newspaper. He recommended to the beer industry to “scale back our demands and live with low margins”. The countries brewery association has already called for a beer price increase of 30 percent, according to the article.
Germany remains highly dependent on Russian gas imports and is struggling to diversify its
...More info on site
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Australia: Asahi launches new mid-strength beer
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Asahi has announced the launch of a new mid-strength beer, Asahi Super Dry 3.5%, which aims to be a crisp and refreshing alternative to the full-strength Asahi Super Dry, The Shout reported on July 27.
The new Asahi Super Dry 3.5% will replace Asahi Soukai, as the premium Japanese beer brand evolves to meet the needs of the ever-growing market for high quality, lower strength drinks options. Already, 29 per cent of Asahi Beverages’ beer sales are from the no, low and mid-strength sector.
Asahi Super Dry 3.5% has distinctive branding to call out the ABV, while showcasing the new beer’s ability to provide the same unmistakable Karakuchi flavour consumers love about full-strength Asahi Super Dry.
Monique DiGregorio, Brand Manager at Asahi Super Dry, said the new beer’s release builds off strong success for the brand in Australia, which has grown since its launch in 1987 to become one of the country’s favourite international beers.
“Asahi Super Dry has continued to accelerate its growth in the Australia market. With this growth, ensuring we have the right approach to our moderation portfolio is crucial. The transition of our mid-strength Asahi beer to the ‘Super Dry’ taste profile is a positive step locally and globally to
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Barley News
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World: Barley crop forecast slightly up in latest RMI Analytics report
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Global barley crop 2022 forecast is slightly up to 146.6 mln tonnes (+0.3 mln tonnes vs. the previous report), driven by improved Russia, Canada,
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EU: Winter crop assured with good yields and quality, spring barley now the focus
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EU’s winter barley crop is assured with good yields and quality, RMI Analytics said in their late July report.
Spring barley is now the focus
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North America: Prospects of barley crop greatly improved by favourable weather conditions
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A combination of general rains and slightly above normal temperatures has greatly improved the North American barley crop, RMI Analytics reported in late July.
Although
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Argentina: Prices lower for both malting and feed barley
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Prices are lower for both Argentinean malting and feed barley but limited to a degree by early conditions and economic uncertainty, RMI Analytics said
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EU: Poor barley crop conditions reported all around the Mediterranean
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Mars reports poor barley crop conditions all around the Mediterranean (except Greece), particularly in Iberia and Maghreb. The Spanish barley crop forecasts range from
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Black Sea: Russia and Kazakhstan expected to harvest larger barley crops this year
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Russia and Kazakhstan are expected to harvest larger barley crops this year while Ukraine, understandably, will see a smaller crop, H. M. Gauger GmbH
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Australia: Most regions reporting very good barley crop development
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Most regions in Australia are reporting very good barley crop development, with further rain helping in most areas, RMI Analytics said in their late
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Argentina: Farmers completing last 15% of barley seedings
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Argentina’s farmers are completing the last 15% of barley seedings (mainly in the south of Buenos Aires province), RMI Analytics said in their late
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France: Condition of maize, spring barley crops deteriorates for second consecutive week
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The condition of France's maize crop deteriorated sharply for a second consecutive week, data from farm office FranceAgriMer showed, in a sign that dry weather in the European Union's biggest grain maize producer is taking a tolls.
An estimated 68% of the grain maize crop was in good or excellent condition in the week to July 25, down from 75% the previous week, 83% in the week to July 11 and 84% in the week to July 4, FranceAgriMer said in a cereal report.
This week's rating compares to a year-earlier score of 90%.
Harvest prospects in France are being watched closely at a time when shipments out of the European Union's main grain maize supplier, Ukraine, are hampered by the war with Russia and when adverse weather is hurting crops in other parts of the world.
More dry and hot weather is forecast in the coming weeks in key European maize growing regions, including France, and is expected to cause further damage to crops already stressed by a dry spring and sweltering temperatures earlier this month.
The condition of spring barley, which was 92% harvested by July 25, further deteriorated to 48% from 50% a week earlier.
In soft wheat, French farmers had harvested 95%
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Hops News
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World: Hop crop volume 7% higher in 2021
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The rise of almost 1 % (+520 ha) in world hop acreage and the increase of 6 % in yield per hectare last year (2020: 1.96
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USA: Approximately 26 additional states grew hops for crop 2021 in the US
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For crop 2021 the number of hop farms in the Pacific Northwest (PNW) decreased by one, reducing the total number of growers to 69.
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Germany: Hop acreage, number of hop growers falls in Germany in 2021
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The steady decline in the number of hop growers continues. In 2021 there were 25 fewer producers in Germany (Hallertau -20, Spalt -5). The
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The Czech Republic: Hop acreage virtually unchanged in 2021
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In the Czech Republic, the number of hop growers decreased by three, bringing the total number of producers to 121 for crop 2021. The
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Whisky News
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USA, KY: Beam Suntory to expand capacity at its Booker Noe Distillery
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Beam Suntory will expand the capacity of its Jim Beam Brands Co. with a $400 million investment at the Booker Noe Distillery in Boston, Kentucky, the Shanken News Daily reported on July 29.
The move will create 50 new jobs at the site, named for master distiller Booker Noe. The company said further details on the expansion project will be forthcoming.
“We are excited about this expansion opportunity at our Booker Noe site, building on our recent investment in the new consumer experience in Clermont, and now expanding production to ensure enough of our premium liquid is available wherever consumers are looking for them,” said Carlo Coppola, managing director of the James B. Beam Distilling Co. “We are still finalizing our plans and will have more details to share very soon.”
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