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E-Malt.com Flash 09b
March 02 - March 05, 2023
Quote of the Week
Beer is good food.
John Goodman
Currency Rates
Base Currency: Euro
on March 03, 2023 |
Base Currency: US Dollar
on March 03, 2023 |
| |
1 EUR = 1.0619 USD
1 EUR = 0.8871 GBP
1 EUR = 1.4452 CAD
1 EUR = 1.5773 AUD
1 EUR = 145.0820 JPY
1 EUR = 5.5099 BRL
1 EUR = 80.0161 RUB
1 EUR = 7.3277 CNY
|
|
1 USD = 0.9415 EUR
1 USD = 0.8353 GBP
1 USD = 1.3609 CAD
1 USD = 1.4851 AUD
1 USD = 136.6110 JPY
1 USD = 5.1885 BRL
1 USD = 75.3492 RUB
1 USD = 6.9003 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| March 03, 2023 |
French Barley/Malt
Crop 2022
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
294.00-296.00 |  |
| 6RW Malting Barley (FOB Creil) |
269.00-271.00 | |
| Feed Barley (FOB Creil) |
259.00-261.00 | |
| 2RS Malt (FOB Antwerp) |
613.50-615.50 | |
| 6RW Malt (FOB Antwerp) |
582.50-584.50 | |
French Barley/Malt
Crop 2023
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
308.00-310.00 |  0.98% |
| 6RW Malting Barley (FOB Creil) |
287.00-289.00 |  0.35% |
| 2RS Malt (FOB Antwerp) |
628.00-630.00 | 0.59% |
| 6RW Malt (FOB Antwerp) |
664.00-666.00 | 0.56% |
German Malting Barley
Crop 2022
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
288.50-290.50 | 1.45% |
 No change;
 Price increase;
 Price decrease versus last publication.
|
Click here to see our Market Prices History.
World: AB InBev reports 0.9 decline in volume beer sales last year
...Click here
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China: Budweiser Brewing Co APAC plans to expand into more cities with premium products
...Click here
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Canada: Waterloo Brewing obtains final order for its proposed acquisition by Carlsberg Canada
...Click here
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Australia: 2023 could well be barley’s year in Australia
...Click here
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Canada: 2022-23 barley supplies projected sharply up from last year’s record low
...Click here
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Thailand: Chang beer’s parent company eyeing mass-premium market to expand its catalogue and profits
...Click here
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Kenya: Diageo leaves open possibility of buying additional EABL shares from open market
...Click here
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Luxembourg: Brasserie Nationale content with last year’s numbers
...Click here
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UK: No and low alcohol beer now growing faster than any other beer type in the UK, Tesco saysu
...Click here
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South Africa: South African Breweries embarks on a restructuring process that could affect some 40 jobs
...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
02 March
1809 - The earliest known bank failure in the U.S. is reported when the Farmers Exchange Bank of Glocester, R.I., goes bust after issuing $800,000 in fraudulent loans against total capital of $45
2000 - Wall Street creates what may be the most worthless company of all time. 3Com Corp. spins off 23 million shares of Palm, Inc. on NASDAQ at an initial price of $38
2000 - Shares in MicroStrategy Inc., a hot software consulting firm, fall from $246.75 to $86.75 in a single day as chairman Michael Saylor announces that the company will have to slash its reported revenues and earnings for the past two years
03 March
1885 - American Telephone and Telegraph (AT&T) incorporates
1979 - Meeting in Geneva, OPEC declares that its members will raise the price of crude oil 9% in a single leap, from $13.34 to $14.55, igniting another round of global inflation
2000 - On the same day, technology stocks set a record for industry representation in the Standard & Poor's 500-stock index, at 34.9%, and Cisco Systems, Inc. becomes the world's most valuable corporation, with a total market value of $548 billion
04 March
1902 - American Automobile Association, AAA, founded in Chicago
1977 - 1st CRAY 1 supercomputer shipped, to Los Alamos Laboratories, New Mexico
1991 - Bank of Credit and Commerce International divests itself of 1st American Bank
05 March
1558 - Smoking tobacco introduced in Europe by Francisco Fernandes
1868 - Stapler patented in England by C. H. Gould
1924 - Computing-Tabulating-Recording Corp becomes IBM
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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World: AB InBev reports 0.9 decline in volume beer sales last year
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Anheuser-Busch InBev reported falling drinks sales for the first time since the onset of the Covid-19 pandemic, but the volume decline was offset by
...More info on site
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Brazil: Ambev’s 2022 net profit up 35.7%
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Ambev SA said on March 2 it expects the cost of goods sold per hectolitre at its beer business in Brazil to rise by
...More info on site
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China: Budweiser Brewing Co APAC plans to expand into more cities with premium products
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Budweiser Brewing Co APAC, Asia's largest beer company by sales, said that it plans to expand into more Chinese cities with its premium products
...More info on site
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Latvia: Beer production, exports increase in 2022
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Latvia’s beer production amounted to 872.8 thousand hl last year, up 13.3% as compared to 2021, the State Revenue Service reported.
Imports amounted to 1.045
...More info on site
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Canada: Waterloo Brewing obtains final order for its proposed acquisition by Carlsberg Canada
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Waterloo Brewing has obtained a final order of the Ontario Superior Court of Justice approving the previously announced plan of arrangement under Section 182 of the Business Corporations Act (Ontario) involving Carlsberg Canada Inc., a wholly-owned subsidiary of Carlsberg Breweries A/S, the Canadian Manufacturing reported on March 1.
Pursuant to the arrangement, all outstanding common shares of Waterloo Brewing will be acquired by the purchaser for C$4.00 in cash per share (without interest).
The completion of the arrangement remains subject to the satisfaction or waiver of certain conditions precedent customary for transactions of this nature. Assuming the satisfaction or waiver of these conditions precedent, the arrangement is expected to be completed in March.
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Thailand: Chang beer’s parent company eyeing mass-premium market to expand its catalogue and profits
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Chang beer’s parent company, Chang International Co., is eyeing the mass-premium beer market to expand its catalogue and profits. The company announced plans to invest 1 billion baht to grow its beer business and strengthen its portfolio with Chang Cold Brew, the Thaiger reported on February 28.
With the pandemic easing, the economy coming back, and tourism blooming, people are spending more on booze. Chang is striking while the iron is hot and pushing Chang Cold Brew.
Chang Cold Brew, its beer in the mass-premium category, was introduced to the market in 2019 and garnered a favourable reception from its customers. Despite being predominantly available in upscale restaurants and modern trade outlets, the company intends to expand its customer reach by concentrating on distributing Chang Cold Brew through conventional trade channels.
The goal of the company is to establish a distinctive brand identity for Chang Cold Brew. The mass-premium beer market in Thailand is worth 25 billion baht, about 12.5% of the overall beer market. They aim to broaden their consumer base and encourage more drinking occasions by launching new products with inventive packaging.
Lester Tan, the senior vice president and head of the beer business, stated that the marketing budget will prioritise traditional
...More info on site
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Kenya: Diageo leaves open possibility of buying additional EABL shares from open market
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British multinational Diageo has left open the possibility of buying additional EABL shares from the open market at the Nairobi Securities Exchange (NSE) once its tender offer for an extra 14.97 percent stake in the brewer closes later this month, the Business Daily Africa reported on March 1.
The London-based firm, which is executing the acquisition of the additional stake through its wholly-owned subsidiary Diageo Kenya, ran the first phase of the tender between February 6 and 17, while the second phase opened on February 27, to run until March 17.
In its tender offer document released before the sale opened on February 6, Diageo said that it would retain a right to roll out additional tenders, or purchase stock in the open market, raising the possibility that the firm might further add to its stake in EABL down the road.
It is seeking to buy a total of 118.4 million shares in the brewer in the current tender offer at a cost of Sh192 per unit, which puts the total purchase cost at Sh22.7 billion.
The London-based firm currently holds a 50.03 percent stake, representing 395.6 million shares, in EABL through Diageo Kenya. Should the tender offer be fully subscribed, this stake will
...More info on site
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Luxembourg: Brasserie Nationale content with last year’s numbers
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Beer-drinking is becoming less popular worldwide, according to recent stats; but Luxembourg's Brasserie Nationale was nonetheless content with last year's numbers, RTL Today reported on March 2.
In 2022, the brewery produced 210,400 hectolitres of beer and water, bringing beer back to pre-Covid lockdown levels in 2019.
Mathias Lentz, director of Brasserie Nationale, said Luxembourg was a beer-drinking country, and beer consumption had remained relatively stable over the past few years.
Despite this, the decline in sales of local beer brands was down to the fact that the Duchy had imported many international beers over the past year or so. Since 2019, the company has made at least 20% of its profit from selling water.
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UK: No and low alcohol beer now growing faster than any other beer type in the UK, Tesco saysu
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Soaring UK demand for no and low alcohol beer is now so strong that it is growing faster than any other beer type including super trendy craft varieties.
At Tesco demand for no and low beer has rocketed by nearly 40 per cent in the last two years helped by the introduction of dedicated brands such as Lucky Saint, Athletic Brewing and Days 0%.
Notably, it’s not just the annual Dry January campaign that is inspiring healthier drinking, with Tesco recording its highest ever Christmas week demand for no and low beer as sales soared by 43 per cent on the previous year.
The supermarket also reports a new shopping pattern emerging with no and low beer drinkers switching to buying larger pack sizes rather than single cans or bottles, as a result of more confidence in the quality now available.
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South Africa: South African Breweries embarks on a restructuring process that could affect some 40 jobs
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South African Breweries (SAB), the local unit of global brewing giant Anheuser-Busch InBev (AB InBev), has embarked on a retrenchment process at its local operations that could affect some 40 jobs, News24 reported on March 2.
In response to questions from News24, SAB confirmed on March 2 it had embarked on a restructuring process and had started consultations with affected employees, saying that only a "very small amount – less than 0.01%" of the group's 5 000 permanent South African jobs would be affected.
It also planned, where possible, to absorb affected staff into other areas of its business.
The company said the process followed it having reviewed its operating models across the business in line with its "continuous improvement processes and a dynamic environment globally".
"This review recommended changes to human resource allocations."
It said the process it had undertaken "adhered to both the spirit and letter of labour relations legislation" and that it was currently consulting with the affected employees.
Earlier on March 2, its parent AB InBev reported SAB had delivered record total-full-year volumes after its beer market share moved ahead of its pre-pandemic levels.
Explaining the strong performance, AB InBev said a "focused commercial investment" and consistently executing its strategy for increasing
...More info on site
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Barley News
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Australia: 2023 could well be barley’s year in Australia
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Australia could see the end to a three-year slide in barley production this season if growers opt for a little more of what is
...More info on site
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Canada: 2022-23 barley supplies projected sharply up from last year’s record low
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For 2022-23, Canadian barley supplies are projected at 10.6 million tonnes (Mt), up sharply from last year’s record low of 7.9 Mt. This is
...More info on site
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