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E-Malt.com Flash 35a
August 29 - August 31, 2022
Quote of the Week
Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do.
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Currency Rates
Base Currency: Euro
on August 31, 2022 |
Base Currency: US Dollar
on August 31, 2022 |
| |
1 EUR = 1.0014 USD
1 EUR = 0.8566 GBP
1 EUR = 1.3058 CAD
1 EUR = 1.4532 AUD
1 EUR = 138.7590 JPY
1 EUR = 5.0658 BRL
1 EUR = 61.0992 RUB
1 EUR = 6.9184 CNY
|
|
1 USD = 0.9984 EUR
1 USD = 0.8554 GBP
1 USD = 1.3040 CAD
1 USD = 1.4510 AUD
1 USD = 138.5550 JPY
1 USD = 5.0587 BRL
1 USD = 61.0136 RUB
1 USD = 6.9088 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| August 31, 2022 |
French Barley/Malt
Crop 2022
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
357.00-359.00 |  1.10% |
| 6RW Malting Barley (FOB Creil) |
317.00-319.00 |  0.32% |
| Feed Barley (FOB Creil) |
284.00-286.00 |  |
| 2RS Malt (FOB Antwerp) |
688.00-690.00 | 0.71% |
| 6RW Malt (FOB Antwerp) |
639.00-641.00 | 0.19% |
German Malting Barley
Crop 2022
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
nq | |
 No change;
 Price increase;
 Price decrease versus last publication.
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Click here to see our Market Prices History.
EU: Beer production increases in 2021, with non-alcoholic brands seeing most significant growth
...Click here
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Bulgaria: Bulgaria’s beer production drops to lowest level in five years
...Click here
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Canada: Molson Coors investing $60 million in its Toronto plant to try something different
...Click here
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Poland: No risk of beer production cuts in Poland, Carlsberg says
...Click here
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Tanzania: Tanzania Breweries Limited sees revenue increase in 2021
...Click here
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Nigeria: Nigerians consume N599.11 bln worth of beer in January-June this year
...Click here
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North America: Barley harvest advancing in the US, starting in Canada with good prospects in both countries
...Click here
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Australia: Potential for barley crop surpassing 11 mln tonnes remains high thanks to a near perfect growing season
...Click here
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Canada: Barley production estimated to be up 34.3% this year
...Click here
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World: Hop growers reporting oversupply due to increased global acreage
...Click here
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UK: Britain risking beer shortage from lack of carbon dioxide
...Click here
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Spain: Beer production not currently in danger, big and small brewers say
...Click here
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Australia: Hops Products Australia to expand in Victoria
...Click here
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South Africa: Beer Association of South Africa calling for redressing disparities in alcohol excise duties
...Click here
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India: Carlsberg removing partner’s board members from India unit
...Click here
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Ireland: Government urged to cut crippling excise rates to save more pubs and restaurants
...Click here
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India: United Breweries set to leave its unit at Varanad in Kerala
...Click here
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Ukraine: Ukraine exports more than 1 million tonnes of agricultural products from sea ports
...Click here
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Graph of the week
Table of the week
World Hops Area and Production 2018 - 2021
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
29 August
1831 - Michael Faraday demonstrates 1st electric transformer
1854 - Self-governing windmill patented (Daniel Halladay)
1885 - Gottlieb Daimler registers his "Reitwagen" ("riding carriage") as German patent DRP No. 36423
1922 - The first radio advertisement is broadcast on WEAF-AM in New York City
30 August
1895 - Belgium begins compulsory Roman Catholic education
1979 - 1st recorded occurrance-comet hits sun (energy=1 mil hydrogen bombs)
1993 - 150,000,000 millionth visitor to Eiffel Tower
31 August
1895 - Thomas Edison patented his movie camera (Kinetograph)
1918 - Belgium starts paying old age pensions
1997 - Diana Spencer, princess of England, dies in car crash in Paris at 36
Agenda
September 2022:
02 - 04: Finest Spirits 2022 (Munich, Germany)
05 - 11: Budapest Beer Week 2022 (Budapest, Hungary)
07 - 09: Craft Beer China 2022 (Shanghai, China)
09 - 10: Zurich Bier Festival 2022 (Zurich, Switzerland)
12 - 16: Drinktec 2022 (Messe Muenchen, Munich, Germany)
15 - 18: Wiener Bierfest 2022 (Vienna, Austria)
17 - 03 October: Oktoberfest 2022 (Munich, Germany)
27 - 29: 3rd VLB Africa Brewing Conference (VLB Virtual Campus)
29 - 01 October: Stockholm Beer & Whisky Festival 2022 (Stockholm, Sweden)
October 2022:
04 - 06: International Beer Strategies Conference 2022 (Hilton Rome Airport, Fiumicino, Italy)
06 - 08: Stockholm Beer & Whisky Festival 2022 (Stockholm, Sweden)
06 - 08: The Great American Beer Festival 2022 (Denver, USA)
08 - 10: The International Beer Cup 2022 (Ota City, Tokyo, Japan)
12 - 15: China Brew & China Beverage 2022 (Shanghai New International Expo Centre, China)
13 - 15: Warsaw Beer Festival 2022 (Warsaw, Poland)
14 - 16: Barcelona Beer Festival 2022 (Barcelona, Spain)
21 - 23: Cerveza Mexico Expo 2022 (Mexico City, Mexico)
24 - 30: Copa Cervezas de America 2022 (Valparaiso, Chile)
27 - 28: Sea Brew 2022 (Bangkok, Thailand)
November 2022:
01 - 03: Brussels Beer Challenge 2022 (Eupen, Belgium)
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)
07 - 11: Mondial de la Biere Rio 2022 (Rio de Janeiro, Brazil)
February 2023:
10 - 13: HoReCa 2023 (Athens, Greece)
20 - 23: Beer & Food Attraction 2023 (Rimini, Italy)
March 2023:
08 - 11: Festival Brasileiro da Cerveja 2023 (Blumenau, Brazil)
May 2023:
07 - 10: Craft Brewers Conference & BrewExpo America 2023 (Nashville, TN, USA)
10 - 10: World Beer Cup 2023 (Nashville, TN, USA)
12 - 14: Cerveza Mexico Expo 2023 (Guadalajara, Mexico)
25 - 27: InnBrew 2023 (Barcelona, Spain)
30 - 01 June: Beviale Mexico 2023 (Mexico City, Mexico)
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Brewery News
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EU: Beer production increases in 2021, with non-alcoholic brands seeing most significant growth
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In 2021, EU Member States produced 33.1 billion litres of beer containing alcohol and almost 1.7 billion litres of beer, which contained less than
...More info on site
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Bulgaria: Bulgaria’s beer production drops to lowest level in five years
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Bulgaria produced 439.2 million litres of beer in 2021, the country’s lowest level of beer production in five years, according to figures released on
...More info on site
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Canada: Molson Coors investing $60 million in its Toronto plant to try something different
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Frederic Landtmeters is an optimist.
As he guides one of the country’s oldest brands into a new era, the Belgian president of Molson Coors Canada
...More info on site
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Poland: No risk of beer production cuts in Poland, Carlsberg says
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Carlsberg said on August 26 it no longer faces the risk of production cuts at its three breweries in Poland, after the Polish government
...More info on site
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Tanzania: Tanzania Breweries Limited sees revenue increase in 2021
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Tanzania's oldest and largest brewing company, Tanzania Breweries Limited (TBL Plc) recorded Sh1.015 trillion revenue in 2021 from Sh961.886 billion the previous year, according
...More info on site
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Nigeria: Nigerians consume N599.11 bln worth of beer in January-June this year
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Nigerians consumed beer worth N599.11 billion in six months running from January to June 2022, according to the first quarter results of four major
...More info on site
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UK: Britain risking beer shortage from lack of carbon dioxide
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Britain risks a beer shortage from a lack of carbon dioxide, a pub group has warned, with bars already struggling from high energy bills
...More info on site
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Spain: Beer production not currently in danger, big and small brewers say
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Rumours that beer’s days are numbered in Spain have set alarm bells ringing.
The drought and rising production costs could trigger cuts in the production of what is considered to be the most popular drink in Spain. However, the sector is calling for calm, both the large producers and the more artisan ones, the Majorca Daily Bulletin reported on August 30.
Beer lovers can rest assured, according to sources at Estrella Damm, one of the country’s leading brewers, that beer production is not currently in danger of disappearing, not even on a local scale, as Sullerica, the Mallorcan brand based in the heart of the Serra de Tramuntana, claims.
The sector’s employers’ association, Cerveceros de Espańa, stresses that it has been working intensively on measures in favour of environmental sustainability along the entire supply chain, from brewing to distribution and consumption, including the cultivation and harvesting of raw materials.
It continues to reduce water consumption, the rate of wastewater discharge, and the ratio of greenhouse gas emissions at production sites, with the aim of achieving zero waste in beer production by 2025.
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South Africa: Beer Association of South Africa calling for redressing disparities in alcohol excise duties
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Industry organisation the Beer Association of South Africa (Basa) is appealing to government to redress the disparities in the application of excise duties within the alcohol industry, which have disadvantaged the beer industry in particular, in order to create a more uniform tax regime within the alcohol industry, the Engineering News reported on August 29.
The association made a submission to the National Treasury and the South African Revenue Service (Sars) on the 2022 Draft Rates Bill and the 2022 Draft Taxation Laws Amendment Bill.
Despite beer having the lowest alcohol by volume (ABV) compared with other alcoholic products, beer has “suffered serious bias” with regard to excise duties, while other products, in particular wine, have been advantaged, Basa argues.
"Beer is taxed at an excise duty based on the litres absolute alcohol (LAA) or ABV, while wine is taxed at a rate based on litres irrespective of the ABV. This means that the excise duty liability for wine remains at R4.96 irrespective of the ABV, which ranges between 4.5% and 14%.
"In contrast, the excise duty liability for beer is based on the ABV calculated at a rate of R121.41 per LAA. This disadvantage becomes apparent on beer products above 4.5% ABV, with
...More info on site
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India: Carlsberg removing partner’s board members from India unit
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Danish brewer Carlsberg said it is removing "certain" board representatives from its India unit that come from its partner Nepal-based Khetan Group, accusing them of acting against their joint venture's interests, Reuters reported on August 29.
The move represents a deepening of a long-standing dispute that first came to light in 2019, when Carlsberg India board members from Khetan first protested internally before asking the Indian government to investigate what they said was Carlsberg's non-compliance with laws on trade discounts, advertisement and sales promotion.
Carlsberg said in an emailed statement to Reuters it had acted to "remove certain representatives" who had put forward what it called "serious and baseless accusations". It declined to specify how many board members it had acted against.
Khetan has had three members on the board of Carlsberg India while Carlsberg has seven.
According to a source with direct knowledge of the matter, Carlsberg has taken action against two board members. The source, who declined to be identified due to the sensitivity of the matter, did not know if the third Khetan board member had been affected.
Carlsberg said its move follows its win against Khetan last month in an arbitration case in which Khetan had been seeking financial relief related
...More info on site
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Ireland: Government urged to cut crippling excise rates to save more pubs and restaurants
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Irish drinkers have to swallow some of the highest taxes in the world – and now the hospitality industry is urging the Government to cut crippling excise rates to save more pubs and restaurants from going bust, Extra.ie reported on August 28.
Latest figures from the Tax Strategy Group (TSG), which advises the Government on taxation, confirm that Ireland pays the highest rate of excise on still and sparkling wines, followed by Finland.
The Irish are second only to the Finns when it comes to taxes on beer and the third-highest in excise duty on spirits.
And as pubs and restaurants struggle to cope with soaring fuel prices and fewer customers due to the cost-of-living crisis, industry leaders have urged the Coalition to cut alcohol duties by 15%.
The Vintners’ Federation of Ireland (VFI), which represents over 4,000 pubs across the country, has called for two successive cuts of 7.5% to help pubs keep customers.
VFI chief executive Paul Clancy accepted the sector was ‘well-supported’ during the pandemic and that ‘we appreciate it’.
However, he warned many pubs across the country will not survive the winter with some more supportive measures.
Mr Clancy told the Irish Mail on August 28: ‘After having had
...More info on site
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Barley News
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North America: Barley harvest advancing in the US, starting in Canada with good prospects in both countries
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Barley harvest is advancing across the US, and Canada is getting started. Weather is generally favourable in both countries, RMI Analytics said in their
...More info on site
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Australia: Potential for barley crop surpassing 11 mln tonnes remains high thanks to a near perfect growing season
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Rain across all Australia’s major barley-growing regions and moderate temperatures are creating a near perfect growing season, RMI Analytics report.
The one questionable area remains
...More info on site
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Canada: Barley production estimated to be up 34.3% this year
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Wheat production in Canada grew by 55.1% in 2022 compared to 2021, while canola production was up by 41.7%, according to a Statistics Canada
...More info on site
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Ukraine: Ukraine exports more than 1 million tonnes of agricultural products from sea ports
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44 ships have left Ukrainian ports since 1 August [when Russia ceased to block grain shipments from Ukraine, and the food corridor opened in the Black Sea], exporting more than 1 million tonnes of agricultural products to 15 countries around the world. This is part of the implementation of the Initiative on the safe transportation of grain and food products, the Yahoo News reported on August 27, citing the Administration of Sea Ports of Ukraine.
On the morning of 26 August, 4 more ships left the port of Chornomorsk, taking 133,000 tonnes of wheat, maize and oil to the ports of Sudan, India, Egypt and Turkey.
"During the week of operation of the ‘grain corridor’, the ports of Great Odesa received 13 vessels to be loaded with 362,000 tonnes of wheat, maize, rapeseed, oil, soybeans and barley, heading to the ports of Spain, Israel, Germany and Turkey. At the same time, 13 vessels with 294,000 tonnes of wheat, oil, soybeans, rapeseed and maize were sent to the ports of Libya, the Netherlands, Israel, India, Egypt, Turkey, Germany and Sudan," the report reads.
The President of Ukraine also noted in his evening address that there are already 70 applications for the arrival of new
...More info on site
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Hops News
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World: Hop growers reporting oversupply due to increased global acreage
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Hop growers are reporting an oversupply due to an increased global hop acreage for the 8th consecutive year (+0.8% in 2021 vs. 2020), with
...More info on site
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Australia: Hops Products Australia to expand in Victoria
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Australia's largest hop producer has bought the former Tobacco Cooperative Victoria building in north-east Victoria to expand processing operations, ABC reported on August 26.
Hops Products Australia's A$20 million project will result in the former tobacco leaf drying facility at Mytleford being transformed into a pellet plant, packing line and cold storage by 2024.
The company's head of sales and marketing, Owen Johnston, said the site would complement its nearby hops farms in Eurobin and Buffalo River.
"Our total crop size is predicted to continue to grow," he said.
"We're on track to produce 2,500 metric tonnes of finished pellets from the 2023 harvest, which is one of the biggest crops we've ever had."
Mr Johnston said while new job opportunities at the facility would be limited due to the automated technology, there would be 60 new jobs created in the farm area.
"It won't actually lead to job creation for those standing on the line so to speak, but around the facility we will create a few more roles," he said.
He said it was the end of a rapid expansion in the north-east of the state.
"It's the ability to process the expanded capacity of our farm production, so they are out there on the land
...More info on site
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Whisky News
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India: United Breweries set to leave its unit at Varanad in Kerala
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After producing Indian-made foreign liquor (IMFL) for more than six decades, United Breweries Ltd is set to leave its unit at Varanad near Cherthala in Alappuzha district in Kerala. One of the oldest breweries in the state, UBL has started serving termination letters on its employees. With the employee unions raising protest, the state government convened a meeting of management and the unions in Thiruvananthapuram on August 25. However, it was postponed since company representatives did not turn up, the New Indian Express reported on August 27.
It was Vittal Mallya, father of Vijay, who started the brewery on the side of Vembanad Lake in 1959 following his acquisition of McDowell’s. “McDowell’s began bottling Bisquit Brandy and Dorville French Brandy from imported concentrates, thus becoming the first company to manufacture IMFL. The company opened India’s first distillation plant to manufacture extra-neutral alcohol (ENA) at Cherthala in 1961. The plant began bottling products for Herbertsons Ltd of the Anglo Thai Group the same year.
The company launched Golden Grape Brandy, its first original product, in 1962 and McDowell’s No.1 brandy in 1963-64 when its contract with Herbertsons expired. In the early 1960s, the company acquired Carew and Co and Phipson and Co, manufacturers
...More info on site
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