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E-Malt.com Flash 47a November 21 - November 23, 2022
Quote of the Week
There is more to life than beer alone, but beer makes those other things even better.
Stephen Morris
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Currency Rates
Base Currency: Euro on November 23, 2022 |
Base Currency: US Dollar on November 23, 2022 |
|
1 EUR = 1.0273 USD
1 EUR = 0.8657 GBP
1 EUR = 1.3772 CAD
1 EUR = 1.5493 AUD
1 EUR = 145.3600 JPY
1 EUR = 5.4787 BRL
1 EUR = 62.2980 RUB
1 EUR = 7.3397 CNY
|
|
1 USD = 0.9732 EUR
1 USD = 0.8426 GBP
1 USD = 1.3405 CAD
1 USD = 1.5079 AUD
1 USD = 141.4810 JPY
1 USD = 5.3329 BRL
1 USD = 60.6400 RUB
1 USD = 7.1443 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
November 23, 2022 |
French Barley/Malt Crop 2022 Bulk |
EUR/T |
% |
2RS Malting Barley (FOB Creil) |
350.00-352.00 | 0.28% |
6RW Malting Barley (FOB Creil) |
323.00-325.00 | 0.31% |
Feed Barley (FOB Creil) |
289.00-291.00 | 0.34% |
2RS Malt (FOB Antwerp) |
680.00-682.00 | 0.18% |
6RW Malt (FOB Antwerp) |
647.00-649.00 | 0.19% |
French Barley/Malt Crop 2023 Bulk |
EUR/T |
% |
2RS Malting Barley (FOB Creil) |
349.00-351.00 | 0.28% |
6RW Malting Barley (FOB Creil) |
329.00-331.00 | 0.60% |
2RS Malt (FOB Antwerp) |
678.00-680.00 | 0.18% |
6RW Malt (FOB Antwerp) |
714.00-716.00 | 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.
China: Beer industry changing with a new generation of consumers
...Click here
|
USA: Brewing industry still facing higher costs for key inputs
...Click here
|
Switzerland: Beer sales rise again after two years of decline
...Click here
|
South Africa: Beer sector continues to play significant role in stimulating South Africa’s economy
...Click here
|
Malaysia: Carlsberg Malaysia retains cautionary outlook for overall growth this year
...Click here
|
World: Barley production forecast slightly down on Argentina concerns
...Click here
|
Canada: No change in barley crop forecast but exports expectations are slightly up
...Click here
|
EU & UK: Barley supply and demand balance described as vague
...Click here
|
Argentina: Prospects of barley, wheat crop sharply reduced by drought in Argentina
...Click here
|
Argentina: Buenos Aires Grain Exchange further reduces Argentina’s barley production forecast
...Click here
|
India: Craft brewer Bira 91 raises $70 mln in Series D funding led by Japan’s Kirin Holdings
...Click here
|
Bahamas: Commonwealth Brewery posts B$2.2 mln net profit growth in Q3
...Click here
|
Vietnam: Brewery swaps mass-produced brews for Belgian craft beer
...Click here
|
Qatar: Beer sales ban at soccer World Cup stadiums not to derail AB InBev’s global campaign - analysts
...Click here
|
UK: Diageo makes minority investment in The Oxford Artisan Distillery
...Click here
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Qatar: Beer sale banned around World Cup stadiums in dramatic policy U-turn
...Click here
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Graph of the week
Table of the week
Slovenia Hops Area, Yields, and Production 2019-2021
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
21 November
1877 - Tom Edison announces his "talking machine" invention (phonograph)
1930 - 1st commercial crossing of Pacific by plane (China Clipper)
1977 - 1st flight of Concorde, London to New York
22 November
1906 - International Radio Telecommunications Com adopts "SOS" as new call for help
1927 - 1st snowmobile patent granted to Carl Eliason (Sayner Wisc)
1954 - Humane Society forms
2005 - Angela Merkel becomes the first female Chancellor of Germany
23 November
1863 - Patent granted for a process of making color photographs
1936 - 1st issue of Life, picture magazine created by Henry R Luce
1992 - 10,000,000 cellular telephone sold
Agenda
November 2022:
22 - 23: 12th Iberoamerican VLB Symposium Brewing & Filling Technology 2022 (Uberlandia, Brazil)
December 2022:
06 - 08: 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)
16 - 18: Great British Beer Festival Winter 2023 (Burton Town Hall, Burton-on-Trent, UK)
20 - 23: Beer & Food Attraction 2023 (Rimini, Italy)
March 2023:
07 - 09: Expo Antad & Alimentaria Mexico 2023 (Expo Guadalajara, Jalisco, Mexico)
08 - 11: Festival Brasileiro da Cerveja 2023 (Blumenau, Brazil)
24 - 26: St Malo Craft Beer Expo 2023 (St Malo, France)
April 2023:
02 - 06: 15th International Trends in Brewing 'Beer & Society' 2023 (Leuven, Belgium)
06 - 08: KIBEX 2023 (Seoul, South Korea)
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)
22 - 28: Budapest Beer Week 2023 (Budapest, Hungary)
22 - 23: The Brewers of Europe Forum 2023 (Prague, the Czech Republic)
25 - 27: InnBrew 2023 (Barcelona, Spain)
30 - 01 June: Beviale Mexico 2023 (Mexico City, Mexico)
June 2023:
01 - 04: Wiener Bierfest 2023 (Vienna, Austria)
05 - 06: Tallinn Craft Beer Weekend 2023 (Tallinn, Estonia)
13 - 14: IGC Grains Conference 2023 (London, UK)
August 2023:
10 - 12: VIETFOOD & BEVERAGE - VIETNAM 2023 (Saigon Exhibitions and Conventions Center, 799 Nguyen Van Linh Street, District 7, HoChiMinh City, Vietnam)
November 2023:
14 - 16: Brau Beviale 2022 (Nuremberg, Germany)
Brewery News
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China: Beer industry changing with a new generation of consumers
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The Chinese beer industry is changing with a new generation of consumers and more premium preferences, according to the chief of the owner of
...More info on site
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Ukraine: January-October beer output down 28.6%
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Ukraine’s January-October beer production (excluding zero-alcohol beers) dropped by 28.6% to 10.38 mln hl, Ukrpivo reported on November 21.
According to the industry representatives, the
...More info on site
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USA: Brewing industry still facing higher costs for key inputs
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The brewing industry is still facing higher costs for key inputs, such as packaging and carbon dioxide, and that has beer makers concerned, Yahoo Finance reported on November 20.
The cost of carbon dioxide alone rose 28% year-over-year in October, according to the latest Producer Price Index (PPI) data. While prices for the key beer ingredient did come down slightly month-over-month, the CO2 shortage hasn't yet abated.
"We can't make beer without CO2," Denver Beer Co. Co-Founder Patrick Crawford told Yahoo Finance in late September. "It is one of our main ingredients, right after barley, water, and hops."
Beer, food, and beverage distributors are all finding themselves in the same predicament as they compete for a scarce supply of the gas necessary to process and preserve their products.
Experts cite industrial plant shutdowns, supply chain slowdowns, and even contamination in a volcano's natural supply of carbon dioxide as reasons for the shortage. Strong demand for bubbly beverages in summer has also contributed to the tight supply.
This isn't the first time the brewers were forced to pivot this year. The industry has had to maneuver heightened material costs and aluminum shortages that took hold during the pandemic but accelerated in 2022.
That has meant higher prices
...More info on site
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Switzerland: Beer sales rise again after two years of decline
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Sunny and dry weather, along with the end of Covid restrictions, drove an uptick in the amount of beer drunk over the past year
...More info on site
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South Africa: Beer sector continues to play significant role in stimulating South Africa’s economy
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A study on the impact of the beer sector in South Africa has determined that the industry, which has recovered to pre-Covid levels, continues to play a significant role in stimulating the economy, the Money Web reported on November 23.
The 2019 report, which recorded the industry’s standard performance before the wake of the pandemic, was presented during a media briefing on Tuesday, to parallel the industry’s current influence on the country since its recovery.
The study, conducted and compiled by Oxford Economics, used three metrics – gross value added (GVA), employment and tax revenue for government – to determine the sector’s influence on the economy. It notes that most of the findings are based on the local production and sale of beer.
The study estimates that in 2019 the sector contributed R71 billion in GVA towards South Africa’s GDP and R43 billion in taxes.
“Of the R71 billion GVA contribution to GDP, R25 billion or 35% came from the direct channel, R30 billion or 42% came from the indirect channel and R16 billion or 23% came from the induced channel,” notes Oxford Economics’ director of economic impact consulting (Europe and Middle East), Pete Collings.
The direct channel is the sector’s direct employment of staff;
...More info on site
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Malaysia: Carlsberg Malaysia retains cautionary outlook for overall growth this year
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Carlsberg Malaysia has retained a cautionary outlook for the company’s overall growth citing concerns over inflationary and taxation pressures, despite announcing year-on-year growth of
...More info on site
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India: Craft brewer Bira 91 raises $70 mln in Series D funding led by Japan’s Kirin Holdings
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Craft beer company Bira 91 has announced that it has raised $70 million in Series D funding, in a round led by leading Japanese beer company - Kirin Holdings, Business Today reported on November 22.
The funds will be deployed to expand production capacity by commissioning new breweries and expanding its existing facilities, the company said in a statement. It added that the capital will also be utilised to increase the company’s distribution footprint across the country and internationally, and further bolster Bira 91’s product development and innovation capabilities.
Hiromasa Honda, Managing Director, Kirin Holdings Singapore, said, "As the fifth largest economy in the world, with increasing digitalisation, and a stable, growth-oriented government, we are very excited to invest further in the “Make in India” journey for the country. We believe that Bira 91 has the potential to premiumise Indian beer through innovation by brewing the highest quality products for the country’s consumers. We also believe that over the long term, Bira 91 has the potential to break out internationally as a global brand.”
Bira 91 recently announced its goal to become the country’s first carbon-neutral beer company and has formed the B9-Kirin Center for Sustainable Growth based out of its New
...More info on site
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Bahamas: Commonwealth Brewery posts B$2.2 mln net profit growth in Q3
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Commonwealth Brewery says that it saw its operating expenses increase by 16 percent to B$27 mln for its third quarter, which saw the BISX-listed brewer post a B$2.2 million net profit growth, the Eyewitness News reported on November 21.
Commonwealth Brewery in its third quarter financials said that it continued to see strong growth in net revenue during the quarter ending September 2022 30, with an 11 percent net revenue growth when compared to the same period of 2021.
“The company’s expectation is that growth will continue for the remainder of the year as the pandemic-related restrictions are more relaxed and the economy recovers, albeit ongoing inflation is challenging full recovery,” the statement read.
“The hotel and on-trade channels have demonstrated rapid improvement driven by increased tourism and acceleration of on-premise consumption with the return of events and nightlife occasions. Going into the fourth quarter of the year, the Company anticipates that with the approach of the festive season there will be a continued growth of revenue.”
The company noted that its operating expenses have increased to B$27 million for the quarter, a 16 percent increase which is reflective of the ongoing inflationary pressure.
“CBL is experiencing rising costs associated with raw and
...More info on site
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Vietnam: Brewery swaps mass-produced brews for Belgian craft beer
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From Karmeliet to Westmalle, Belgium's craft beers are loved across the world, but in Vietnam, a country with some of the cheapest beers in the world, it can be hard to convince people to pay the craft price.
In 2018, two Belgians named Gauthier Lagasse and Francois Schwennicke imported an entire brewery from Belgium and started Belgo, the only company brewing Belgian craft beer in Vietnam, to bring the country's rich beer culture to the Asian country, the Brussels Times reported on November 22.
The beer is brewed in-house with fresh ingredients, some of which are shipped straight from Belgium, by the company's brewmaster Gert, who uses equipment from Belgium and traditional recipes to make sure every beer meets Belgian standards.
However, its owners soon noticed that it was hard to convince consumers to take a chance on a more costly artisanal brew when most beer is so cheap and started asking themselves how they could convince the country's residents to take a chance on a more expensive product, and soon realised the answer was simple: Let them taste it.
The company has now launched a "beer-currency promotion, a creative way to take on the industry's giants by encouraging consumers to try artisanal specialty
...More info on site
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Qatar: Beer sales ban at soccer World Cup stadiums not to derail AB InBev’s global campaign - analysts
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A last-minute decision to ban the sale of alcohol at Qatar's World Cup stadiums will seriously limit Budweiser sales in the Gulf state, but will not derail its owner's global campaign during the tournament, industry analysts said.
Soccer world governing body FIFA's announcement of the ban on Friday, just two days before the event kicks off, leaves the world's largest brewer Anheuser-Busch InBev with at least a headache, the International Business Times reported on November 19.
Budweiser, the major World Cup sponsor it owns, had been set to exclusively sell alcoholic beer within the ticketed perimeter surrounding each of the eight stadiums three hours before and one hour after each game during the four-week event.
"Well, this is awkward," Budweiser's official Twitter account read as news of the reversal emerged. The tweet was later deleted.
Budweiser has been a World Cup sponsor since the 1986 tournament in Mexico.
The event, held every four years, typically boosts beer consumption globally, and the Belgium-based maker of brands such as Stella Artois and Corona clearly wants to profit from the millions of dollars it has paid to be the tournament's official brewer.
The 2014 World Cup boosted AB InBev beer sales in host country Brazil - its second most
...More info on site
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Qatar: Beer sale banned around World Cup stadiums in dramatic policy U-turn
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FIFA and Qatar on Friday banned beer sales around the eight World Cup stadiums in a stunning policy U-turn just two days before the start of the tournament, Dawn reported on November 18.
Football's world governing body said the decision was taken following "discussions" with the World Cup hosts, an Islamic state which severely restricts alcohol consumption.
It gave no reason for the surprise decision but media reports said there had been an intervention by Qatar's ruling family.
The decision could affect FIFA's deal with major sponsor, beer maker AB InBev, who told AFP that "some of the planned stadium activations cannot move forward due to circumstances beyond our control".
A FIFA statement said only that alcohol would be focused on fan zones, "removing sales points of beer from Qatar's FIFA World Cup 2022 stadium perimeters."
Meanwhile fan groups said supporters should be concerned for other promises made by the hosts.
"The real issue is the last minute U-turn which speaks to a wider problem -- the total lack of communication and clarity from the organising committee towards supporters," said the Football Supporters' Association in England.
"If they can change their minds on this at a moment's notice, with no explanation, supporters will have understandable concerns about
...More info on site
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Barley News
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World: Barley production forecast slightly down on Argentina concerns
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Global barley production forecast for 2022/23 is down slightly at 149.9 mln tonnes (versus 150.4 mln earlier in November), and the drop is mainly
...More info on site
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Canada: No change in barley crop forecast but exports expectations are slightly up
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There is no change in Canadian barley production forecast, at 9.74 mln tonnes, RMI Analytics said in their late November report.
The export forecast is
...More info on site
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EU & UK: Barley supply and demand balance described as vague
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Barley supply and demand balance is vague in Europe, more than ever, H. M. Gauger GmbH said in their November report.
Apart from quality
...More info on site
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Argentina: Prospects of barley, wheat crop sharply reduced by drought in Argentina
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The drought has sharply reduced the crops of wheat and barley, also the pace of maize planting in Argentina, H. M. Gauger GmbH said
...More info on site
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Argentina: Buenos Aires Grain Exchange further reduces Argentina’s barley production forecast
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The Buenos Aires Grain Exchange (Bage) has trimmed Argentina's 2022-23 barley production forecast owing to frosts and persistent drought, while recent rain has improved
...More info on site
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Whisky News
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UK: Diageo makes minority investment in The Oxford Artisan Distillery
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English whisky producer The Oxford Artisan Distillery has announced a minority investment from Diageo, FoodBev Media reported on November 21.
Founded in 2016, The Oxford Artisan Distillery “produces whisky using biodiverse populations of ‘heritage’ grains grown through an approach to grain farming known as restorative continuous grain cropping (R-CGC)”.
The investment was made through Distill Ventures, an independently operated accelerator backed by Diageo.
With the capital, The Oxford Artisan Distillery will be able to upgrade and expand its production sites, as well as develop its brand and consumer experience.
The company’s CEO, Dave Smith, said: “Over the last few years, we have seen the industry take major steps towards addressing the climate crisis, but we have a responsibility to do more in tackling sustainable farming and grain production. With Diageo and Distill Ventures’ support, we believe we can use whisky to further a revolution in the field.”
Frank Lampen, founder and CEO of Distill Ventures, added: “Grain is becoming an important part of how whisky producers are continuing to innovate and develop new styles and flavours, and the heritage grains used by Oxford Artisan Distillery together with their groundbreaking approach to farming in a sustainable way make this one of the most exciting distilleries in
...More info on site
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