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E-Malt.com Flash 09a
February 27 - March 01, 2023
Quote of the Week
Beer is good food.
John Goodman
Currency Rates
Base Currency: Euro
on March 01, 2023 |
Base Currency: US Dollar
on March 01, 2023 |
| |
1 EUR = 1.0599 USD
1 EUR = 0.8782 GBP
1 EUR = 1.4411 CAD
1 EUR = 1.5740 AUD
1 EUR = 144.5280 JPY
1 EUR = 5.5205 BRL
1 EUR = 79.4040 RUB
1 EUR = 7.3556 CNY
|
|
1 USD = 0.9433 EUR
1 USD = 0.8285 GBP
1 USD = 1.3597 CAD
1 USD = 1.4849 AUD
1 USD = 136.3480 JPY
1 USD = 5.2085 BRL
1 USD = 74.9153 RUB
1 USD = 6.9398 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| March 01, 2023 |
French Barley/Malt
Crop 2022
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
294.00-296.00 |  |
| 6RW Malting Barley (FOB Creil) |
271.00-273.00 | |
| Feed Barley (FOB Creil) |
262.00-264.00 | |
| 2RS Malt (FOB Antwerp) |
613.50-615.50 |  0.09% |
| 6RW Malt (FOB Antwerp) |
585.00-587.00 | 0.10% |
French Barley/Malt
Crop 2023
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
305.00-307.00 | |
| 6RW Malting Barley (FOB Creil) |
288.00-290.00 | |
| 2RS Malt (FOB Antwerp) |
624.00-626.00 | |
| 6RW Malt (FOB Antwerp) |
660.00-662.00 | |
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.
Canada: Volume of beer sold per person last year reaches all-time low
...Click here
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Malaysia: Heineken Malaysia Bhd posts 68% jump in 2022 net profit
...Click here
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New Zealand: Total volume of beer, wine and spirits available for consumption slightly down in 2022
...Click here
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Canada: Barley expected to gain area in Canada in 2023
...Click here
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Australia: Barley crop 2023 forecast at more modest 10.88 mln tonnes after massive crop 2022
...Click here
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Argentina: Barley planted area for crop 2023 could drop due to competition from wheat
...Click here
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Nigeria: Naira scarcity worsens lack of demand by consumers – Nigerian Breweries
...Click here
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France: 94% of winter barley crop rated good or excellent
...Click here
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Vietnam: Ministry of Finance proposes to increase special consumption tax on tobacco, beer, and alcoholic products
...Click here
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South Korea: Spirit and beverage companies say they have no plans to raise prices
...Click here
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UK: Scotland’s whisky and beer makers alarmed by mooted advertising ban
...Click here
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Graph of the week
Table of the week
Asia Barley Imports, Production, Consumption, and Stocks
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
27 February
1557 - 1st Russian Embassy opens in London, Russia and U.S. sign trade agreement
1990 - Exxon Corp and Exxon Shipping are indicted on 5 criminal counts
1998 - Apple discontinues developing Newton computer
28 February
1956 - Forrester issued a patent for computer core memory
1982 - American Telephone and Telegraph Co. looses record $7 BILLION for fiscal year ending on this day
1986 - European Economic Community sign "Special Act" for Europe free trade
01 March
1867 - Howard University chartered, Washington D.C
1927 - Bank of Italy becomes a National Bank
1947 - International Monetary Fund begins operation
Agenda
March 2023:
07 - 09: Expo Antad & Alimentaria Mexico 2023 (Expo Guadalajara, Jalisco, Mexico)
08 - 11: Festival Brasileiro da Cerveja 2023 (Blumenau, Brazil)
15 - 16: BeerX 2023 (Liverpool, UK)
20 - 24: IBD Asia Pacific Convention 2023 (Adelaide, Australia)
23 - 25: Warsaw Beer Festival 2023 (Warsaw, Poland)
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)
22 - 23: Zythos Beer Festival 2023 (Kortrijk, Belgium)
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)
12 - 13: Copenhagen Beer Festival 2023 (Copenhagen, Denmark)
18 - 21: Mondial de la Biere 2023 (Montreal, Canada)
21 - 23: The Brewers of Europe Forum 2023 (Prague, the Czech Republic)
22 - 28: Budapest Beer Week 2023 (Budapest, Hungary)
24 - 25: 34d International VLB Craft Brewing Conference (Online)
25 - 27: InnBrew 2023 (Barcelona, Spain)
26 - 28: Barcelona Beer Festival 2023 (Barcelona, Spain)
30 - 01 June: Beviale Mexico 2023 (Mexico City, Mexico)
30 - 01 June: Craft Beer China 2023 (Shanghai, China)
June 2023:
01 - 04: Wiener Bierfest 2023 (Vienna, Austria)
05 - 06: Tallinn Craft Beer Weekend 2023 (Tallinn, Estonia)
10 - 11: Bruges Beer Festival 2023 (Bruges, Belgium)
13 - 14: VLB Africa Brewing Conference 2023 (Douala, Cameroon)
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)
18 - 19: Beervana 2023 (Wellington, New Zealand)
September 2023:
16 - 03 October: Oktoberfest 2023 (Munich, Germany)
18 - 20: 13th Iberoamerican VLB Symposium Brewing & Filling Technology (IBS) (Bogota, Colombia)
October 2023:
04 - 06: Drink Technology India 2023 (Pragati Maidan, New Delhi, India)
08 - 10: EBC Symposium 2023 (Salzburg, Austria)
10 - 12: International Beer Strategies Conference 2023 (Berlin, Germany)
19 - 20: Brew Asia 2023 (Ho Chi Minh City, Vietnam)
20 - 21: Salon du Brasseur 2023 (Parc Expo Nancy, France)
21 - 23: Whisky Live Paris 2023 (Paris, France)
November 2023:
28 - 30: Brau Beviale 2022 (Nuremberg, Germany)
December 2023:
06 - 08: Drink Japan 2023 (Makuhari Messe, Japan)
February 2024:
23 - 25: Finest Spirits 2024 (Munich, Germany)
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Brewery News
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China: AB InBev sees promising future in China
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After optimizing its COVID-19 response, China's unleashed growth potential has made it an unrivalled magnet for global business leaders. The unwavering confidence of the
...More info on site
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Canada: Volume of beer sold per person last year reaches all-time low
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Canadians bought less booze last year, according to findings from a new report.
The volume of beer sold per person in Canada last year reached
...More info on site
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Malaysia: Heineken Malaysia Bhd posts 68% jump in 2022 net profit
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Heineken Malaysia Bhd expects business environment in 2023 to remain challenging after posting a 68 per cent jump in net profit to RM412.82 million
...More info on site
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New Zealand: Total volume of beer, wine and spirits available for consumption slightly down in 2022
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In the just released annual Stats NZ survey year ending December 2022, the number of standard drinks (a standard drink contains 10 grams of
...More info on site
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Nigeria: Naira scarcity worsens lack of demand by consumers – Nigerian Breweries
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Nigerian Breweries Plc, a unit of Heineken NV, said a shortage of Nigerian naira denominations has worsened a lack of demand by consumers after inflation curbed purchasing power, Bloomberg reported on February 24.
The situation aggravated in the last two months as security concerns increased ahead of the country’s presidential elections on Feb. 25.
“Nigeria business environment remains very turbulent,” Hans Essaadi, chief executive officer of Nigerian Breweries Plc, said during an investor call on February 24. “The naira scarcity has aggravated things.”
The central bank’s attempt to replace old naira notes with new ones in Africa’s biggest economy has unexpectedly resulted in shortages in the last five months, stoking the ease of transacting in the cash-dominant economy. Inflation rose to 21.8% in January, the highest since September 2005.
The company’s profit before tax decreased 27% to 17.3 billion naira ($37.6 million) in 2022 even after revenue rose 26% to 550.6 billion naira, it said in a statement to the Nigerian Stock Exchange.
The maker of Star Lager, Legend Extra Stout and Maltina malt drinks sees demand for its products bouncing back after the votes and when the cash crunch normalizes.
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Vietnam: Ministry of Finance proposes to increase special consumption tax on tobacco, beer, and alcoholic products
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Vietnam’s Ministry of Finance has proposed to increase the special consumption tax (SCT) on a number of items harmful to health including tobacco, beer, and alcoholic products to limit imports, production, and consumption, the Asia News Network reported on February 28.
The ministry is collecting public opinions on the proposal to develop the revised Law on Special Consumption Tax in which the SCT imposed on these products should be increased, saigondautu.com.vn reported.
In addition, the ministry also proposed to add new tobacco products and new equipment and trading in online video game services to be subject to excise tax, according to the online newspaper.
The MoF said the taxes on alcohol and beer in Việt Nam are still low. Currently, the country applies an excise tax on alcohol of 35-65 per cent, beer 65 per cent and cigarettes 75 per cent.
According to the World Health Organisation calculations, the tax rate only accounted for about 30 per cent of the retail price, compared to 40-85 per cent recorded in many countries.
Though the SCT on alcohol and beer products had increased from 2016 to 2018, Việt Nam was still the highest beer consumer in Southeast Asia and the third in Asia after Japan and China.
...More info on site
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South Korea: Spirit and beverage companies say they have no plans to raise prices
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Several South Korean spirit and beverage companies announced that they have no plans to raise prices amid government scrutiny suggesting the industry could be targeted by anti-inflation measures, the Korea JoongAng Daily reported on February 28.
Hite Jinro, the liquor company with the largest market share, announced in a statement on February 27 that it has no plans to raise soju prices for the time being.
The announcement came almost immediately after the government began looking into the industry.
The National Tax Service reportedly had a closed meeting with executives of major soju and beer companies such as Hite Jinro, Lotte Chilsung Beverage and Oriental Brewery (OB) to ask about barriers to lowering production cost.
The Finance Ministry's tax office also began investigating the production and retail structure of spirit companies.
Finance Minister Choo Kyung-ho urged the industry to cooperate with government efforts to battle inflation during a parliamentary meeting on Feb. 22, adding that people enjoy consumer products such as soju.
"Factors for a price increase exist, but the measure to keep prices steady aims to lift the burden on consumers and the self-employed," said Hite Jinro in its statement.
A spokesperson for OB also said the company does not plan
...More info on site
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UK: Scotland’s whisky and beer makers alarmed by mooted advertising ban
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Scott Laing, one of the many investors enticed into whisky production by a boom in demand, finished building the Ardnahoe Distillery in Scotland four years ago, the Financial Times reported on February 25.
Now, he is concerned that he may not be able to drum up interest in his first batch of liquor because of a mooted ban on alcohol advertising in the country.
“If we start selling [the whisky] in the next couple of years, we wouldn’t be able to promote it in any way within Scotland, which is a bizarre state of affairs,” said Laing, who runs the distillery on Islay with his brother and father, and invested £12.5mn to erect it.
Scottish officials have given the industry until March 9 to respond to a consultation on potential restrictions meant to help tackle the country’s “deep, longstanding and troubled relationship with alcohol”.
Beer, wine and spirits could be consigned to near the back of the shops or placed in closed cupboards, similar to tobacco products, to reduce consumption.
Other proposed measures, some of which will need Westminster’s approval, include a ban on advertising in public places, as well as prohibiting the sale of alcohol-branded sports merchandise, including sponsorship on replica kits.
The looming crackdown
...More info on site
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Barley News
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Canada: Barley expected to gain area in Canada in 2023
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For crop 2023, barley is expected to gain area in Canada (5-6%) while the USA faces stiff competition from other crops, RMI Analytics said
...More info on site
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Australia: Barley crop 2023 forecast at more modest 10.88 mln tonnes after massive crop 2022
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With the massive Australian barley crop 2022 at 14.22 mln tonnes (the second-largest crop) safely in storage and suitable malting quality confirmed, attention turns
...More info on site
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Argentina: Barley planted area for crop 2023 could drop due to competition from wheat
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Argentina’s barley crop 2022 result is steady at 3.8 mln tonnes, while in crop 2023 the competition from wheat will remain quite strong, reducing
...More info on site
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France: 94% of winter barley crop rated good or excellent
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The condition of soft wheat improved for a second week last week, data from farm office FranceAgriMer showed on February 24, indicating a record dry spell has not yet strained crops in the European Union’s biggest wheat-producing country.
An estimated 95% of soft wheat was rated as good or excellent compared with 93% the previous week and 92% two weeks earlier, according to the office’s cereal report.
The score was also above the 93% registered a year earlier.
Grain traders and analysts have said crops have avoided cold damage this winter and that soil moisture has been adequate despite an unprecedented dry spell over the past month.
However, low February rainfall has raised concerns about a possible repeat of last year’s drought during crucial spring and summer growing periods.
For winter barley, 94% of the crop was rated good or excellent, while durum wheat scored 92%.
Farmers made more swift progress in sowing spring barley, with 80% of the expected area drilled by Feb. 20, compared with 58% a week earlier and an average 24% over the previous five years, FranceAgriMer’s data showed.
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