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E-Malt.com Flash 42a
October 17 - October 19, 2022
Quote of the Week
The key to success is to start before you are ready.
Marie Forleo
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Currency Rates
Base Currency: Euro
on October 19, 2022 |
Base Currency: US Dollar
on October 19, 2022 |
| |
1 EUR = 0.9847 USD
1 EUR = 0.8692 GBP
1 EUR = 1.3523 CAD
1 EUR = 1.5623 AUD
1 EUR = 146.7800 JPY
1 EUR = 5.1888 BRL
1 EUR = 61.0011 RUB
1 EUR = 7.0858 CNY
|
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1 USD = 1.0154 EUR
1 USD = 0.8826 GBP
1 USD = 1.3733 CAD
1 USD = 1.5863 AUD
1 USD = 149.0470 JPY
1 USD = 5.2693 BRL
1 USD = 61.9479 RUB
1 USD = 7.1957 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| October 19, 2022 |
French Barley/Malt
Crop 2022
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
358.00-360.00 |  0.28% |
| 6RW Malting Barley (FOB Creil) |
328.00-330.00 | 1.20% |
| Feed Barley (FOB Creil) |
298.00-300.00 | 2.92% |
| 2RS Malt (FOB Antwerp) |
689.50-691.50 | 0.18% |
| 6RW Malt (FOB Antwerp) |
652.50-654.50 | 0.75% |
French Barley/Malt
Crop 2023
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
353.00-355.00 | 0.28% |
| 6RW Malting Barley (FOB Creil) |
331.00-333.00 |  |
| 2RS Malt (FOB Antwerp) |
683.00-685.00 | 0.18% |
| 6RW Malt (FOB Antwerp) |
719.00-721.00 | 0.17% |
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: Malt supplies reduced further by shutdowns in South Germany and reported slowdowns of maltings in Slovakia
...Click here
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Ukraine: Beer, malt output decline in January-September this year
...Click here
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Bulgaria: Carlsberg Bulgaria planning $11.4 mln investments in new facility
...Click here
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World: Total world grain production estimated higher in IGC’s September report
...Click here
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Australia: Barley crop forecast at 12.6 mln tonnes with 13 mln still a realistic possibility
...Click here
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Argentina: Dry conditions make previously forecast 5.4-5.5 mln tonnes barley crop unattainable
...Click here
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EU: Danish brewer Royal Unibrew warns surging costs will push people towards cheaper drinks
...Click here
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Belgium: Alken-Maes brewery calls on bar goers to stop stealing beer glasses
...Click here
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India: Craft brewer Bira 91 to buy beverage chain operator The Beer Cafe
...Click here
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UK: Beer shortage looming as drivers planning five days of strike
...Click here
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Graph of the week
Table of the week
EU Barley Supply & Demand Forecast
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
17 October
1929 - Radio Corporation of America is formed by General Electric Co. lawyer Owen D. Young
1977 - Mother Teresa of India awarded Nobel Peace Prize
1987 - Phillip Morris announces $11 billion tender offer for Kraft
18 October
1878 - Edison makes electricity available for household usage
1954 - Texas Instruments announces the first Transistor radio
1972 - American Congress authorizes bi-centennial quarter, half-dollar & dollar coin
1973 - Nobel Prize for economy awarded to Wassily Leontief
19 October
1819 - Joseph C Juglar is born, French physician/economist, Crises Commerciales
1987 - Wall Street takes its worst plunge of the modern era, as the Dow loses 508 points, or 22.6% (the worst daily loss on record), to close at 1738.74
1988 - Friedrich Weinreb, Polish/Neth theologist/economist, dies at 77
Agenda
October 2022:
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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Malt News
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EU: Malt supplies reduced further by shutdowns in South Germany and reported slowdowns of maltings in Slovakia
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Shutdowns in South Germany and reported temporary slowdowns of maltings in Slovakia reduce the EU’s malt supplies further, even though it is not for
...More info on site
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Brewery News
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UK: Number of independent breweries reaches 1,895
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A report published on October 18 to mark the 20th anniversary of small breweries’ relief (SBR) reveals the huge impact the policy had on
...More info on site
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Ukraine: Beer, malt output decline in January-September this year
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Ukraine’s January-September beer output totalled 9.35 mln hl, 30.5% down compared to the same period last year, Ukrpivo reported earlier in October.
The trade association’s
...More info on site
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Bulgaria: Carlsberg Bulgaria planning $11.4 mln investments in new facility
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Carlsberg Bulgaria, a unit of the eponymous Danish brewer, is injecting 23 million levs ($11.4 million/11.75 million euro) of own funds in the construction
...More info on site
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EU: Danish brewer Royal Unibrew warns surging costs will push people towards cheaper drinks
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Shares in European brewers slid on October 19 after a warning that surging costs will push people to go for cheaper drinks, Bloomberg reported.
Danish brewer Royal Unibrew A/S said it’s experiencing unprecedented inflation and will pass on rising prices to customers as fast as possible into next year. It cut its full-year outlook, sending its shares tumbling 13% to the lowest since the pandemic struck, and dragging down bigger peers such as Carlsberg A/S and Heineken NV.
Consumer firms have managed to largely protect margins this year by raising prices to cope with soaring costs. But there’s a limit to how much customers may be able to handle that as rampant inflation and higher food and energy costs destroy discretionary purchasing power.
“Premium products will likely be consumed by less consumers and at less occasions,” Unibrew said, adding that “below mainstream” products would gain share.
That outlook rippled through major brewers, who will report third-quarter earnings next week. Carlsberg slid as much as 4.8%, Heineken dropped 3.5% and Anheuser-Busch InBev fell 2.4% in early trading.
Unibrew pointed to a worsening of the business environment in recent weeks, with high electricity bills in particular hurting bars, restaurants and consumers. Nordea Research, which downgraded its recommendation
...More info on site
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UK: Planned alcohol duty freeze cancelled
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The UK government has cancelled a planned freeze on alcohol duty in an “extremely disappointing” move for the drinks trade, The Drinks Business reported on October 18.
The alcohol duty freeze had been due to take effect from February 2023.
However, on Monday (17 October), newly appointed UK chancellor Jeremy Hunt confirmed the freeze would no longer happen. The U-turn is expected to save the government £600 million (US$677m) a year.
Instead, alcohol duty will rise in line with inflation.
The chancellor scrapped almost all of prime minister Liz Truss’s tax cuts that had been announced in the mini-budget last month.
Miles Beale, chief executive of the Wine and Spirit Trade Association (WSTA), said: “The news that the latest chancellor has scrapped the freeze to alcohol duty is extremely disappointing. This is yet another change of plans, which will cause disruption to UK wine and spirit businesses who have spent the last two years being bounced from one crisis to the next.
“Raising taxes is not only bad news for consumers worried about the cost of living, but also stifles growth and innovation for British businesses trying to recover from the pandemic and supply chain issues.
“History has shown that freezing alcohol duty does not have a
...More info on site
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Belgium: Alken-Maes brewery calls on bar goers to stop stealing beer glasses
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The Alken-Maes brewery is calling on bar goers to stop stealing beer glasses after a bar visit, stating that glass production has become very expensive, and beer glasses are gradually becoming scarce, The Brussels Times reported on October 18.
The brewery, which is known for Cristal and Maes beers, among others, is fed up with the frequent stealing of beer glasses. The brewery's bars are still getting enough supplies, but are asked to "be economical" with them.
"The price of glass has increased enormously because its production is hugely energy-intensive," Sebastiaan De Meester, spokesperson for the brewery, said on Flemish radio. "There is also scarcity and due to the Ukraine-Russia conflict, more production has stopped in Ukraine and the market is under pressure."
While the brewery added that there are enough glasses to supply all regular bars for the time being, one phenomenon only adds to the scarcity: clients taking beer glasses home. "People like to take home a souvenir, especially if it is a nice glass. So bar owners had best be economical with their glasses and keep a close eye on them."
The beer glass of the new Cristal Xtra (short, ribbed glasses), but also the so-called "boerkes" (plain beer glasses with
...More info on site
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UK: Beer shortage looming as drivers planning five days of strike
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The prospect of a UK beer shortage is looming as drivers and workers at a firm that makes about 40% of deliveries to UK pubs and clubs are to stage five days of strike action over pay and job cuts, The Guardian reported on October 18.
About 1,000 drivers and dray workers – a person who delivers beer for a brewery – at GXO Logistics plan to stage a first round of strikes between 31 October and 4 November at depots across the UK.
The Unite union said the strike would “impede the ability of pubs and other venues to replenish their cellars prior to the World Cup”. Further action was planned for closer to kick-off on 20 November if the dispute was not resolved, it said.
The strikes would affect pubs and venues supplied by brewers including Heineken, Stonegate, Admiral Taverns and Shepherd Neame.
GXO Logistics delivers to about 4,500 pubs in London and south-east England and has a network of 22 depots from Inverness to Southampton where rolling strike action will take place. A ban on overtime working will come into force from 24 October.
The company said it had plans in place to ensure pubs and venues did not run dry if
...More info on site
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India: Craft brewer Bira 91 to buy beverage chain operator The Beer Cafe
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Sequoia Capital-backed Bira 91 said on October 12 it will buy beverage chain operator The Beer Cafe for an undisclosed price, giving the Indian craft beer maker access to more restaurants and pubs as dining out becomes a preferred option again, Reuters reported.
Started in 2015, Bira is one of India's most popular craft beer makers and is backed by Japan's Kirin Holdings and Belgium's Sofina. It competes with international brands such as Carlsberg as well as Heineken-owned and United Breweries.
The deal comes during the festival season in the South Asian country, with more people stepping out for socialising and dining after being forced to stay largely indoors for nearly two years of the pandemic.
Beer Cafe's chief executive officer, Rahul Singh, will lead the brand's operations, the companies said in a statement.
"We will be making some new private-label beers at Bira breweries,” Singh told Reuters, adding that the deal with Bira was an all-stock deal.
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Barley News
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World: Total world grain production estimated higher in IGC’s September report
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On September 22, the IGC estimated the world grain production higher, at 2.256 bln tonnes, based on a larger wheat crop of 792 mln
...More info on site
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Australia: Barley crop forecast at 12.6 mln tonnes with 13 mln still a realistic possibility
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Heavy rains continue to fall on Australia’s east coast leaving part of the region very wet and even leading to flooding in New South
...More info on site
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Argentina: Dry conditions make previously forecast 5.4-5.5 mln tonnes barley crop unattainable
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Dry conditions are an increasing concern across Buenos Aires Province, while the drought in the north remains unabated. As a result, Argenina’s barley crop
...More info on site
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