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E-Malt.com Flash 10a
March 07 - March 09, 2023
Quote of the Week
It's never too late for a new beginning in your life.
Joyce Meyers
Currency Rates
Base Currency: Euro
on March 08, 2023 |
Base Currency: US Dollar
on March 08, 2023 |
| |
1 EUR = 1.0633 USD
1 EUR = 0.8893 GBP
1 EUR = 1.4531 CAD
1 EUR = 1.5966 AUD
1 EUR = 144.9830 JPY
1 EUR = 5.4957 BRL
1 EUR = 80.3404 RUB
1 EUR = 7.3827 CNY
|
|
1 USD = 0.9404 EUR
1 USD = 0.8364 GBP
1 USD = 1.3666 CAD
1 USD = 1.5014 AUD
1 USD = 136.3510 JPY
1 USD = 5.1688 BRL
1 USD = 75.5612 RUB
1 USD = 6.9435 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| March 08, 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 | |
| 6RW Malting Barley (FOB Creil) |
287.00-289.00 | |
| 2RS Malt (FOB Antwerp) |
628.00-630.00 | |
| 6RW Malt (FOB Antwerp) |
664.00-666.00 | |
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.
World: Analysts warn beer industry of further upcoming costs
...Click here
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The Philippines: San Miguel Food and Beverage sees 10% profit increase in 2022, beer division revenue climbs 17%
...Click here
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The Netherlands & Russia: Heineken blames delay in Russia exit on local bureaucracy
...Click here
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World: Carlsberg CEO to retire at the end of September
...Click here
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Australia: Barley crop 2022-23 sits as third-largest crop on record
...Click here
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Kenya: Diageo succeeds in raising EABL stake to 65 percent
...Click here
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Kazakhstan: Barley, wheat production in Kazakhstan improve in 2022-23
...Click here
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Ukraine: Most of Ukraine's winter grain crops in good condition
...Click here
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World: Carlsberg plans expanded regenerative barley usage across brands in the UK, Finland, and France
...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
07 March
1876 - 1876 Alexander Graham Bell receives U.S. Patent for his "Improvement in Telegraphy"
1878 - The Toronto Stock Exchange is incorporated
1932 - Thousands of Ford Motor Co. workers stage a "Hunger March" to the immense River Rouge factory complex, protesting Henry Ford's decision to cut the company's minimum wage from $7 per day to $4 per day
08 March
1706 - Vienna's Wiener Stadtbank established
1927 - Pan American Airlines (World Airways) incorporates
1946 - 1st helicopter licensed for commercial use
1979 - Philips demonstrates the Compact Disc publicly for the first time
09 March
1861 - Confederate currency authorized-$50, $100, $500, $1,000
1959 - 1959 Barbie, the popular girls' doll, debuted, over 800 million sold
1987 - 1987 Chrysler Corp offered to buy American Motors Corp for $1 billion
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: Analysts warn beer industry of further upcoming costs
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An increase in inflation-driven production costs, to a degree that has not been seen in decades, is set to create further issues for brewers.
In
...More info on site
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The Philippines: San Miguel Food and Beverage sees 10% profit increase in 2022, beer division revenue climbs 17%
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Consumer giant San Miguel Food and Beverage Inc. (SMFB) saw profits in 2022 increase 10 percent to P34.7 billion on strong volume growth and
...More info on site
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The Netherlands & Russia: Heineken blames delay in Russia exit on local bureaucracy
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Heineken on March 7 blamed the delay in its Russia exit on local bureaucracy that it said was beyond its control, and reiterated it
...More info on site
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USA: Beer shipments drop 4.4% in January 2023
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U.S. brewers shipped more than 11.1 million barrels of product in January 2023, a decline of -4.4% year-over-year (YoY), according to the Beer Institute
...More info on site
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World: Carlsberg CEO to retire at the end of September
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Carlsberg's Chief Executive Cees 't Hart will retire at the end of September, the Danish brewer said on March 7, after he has seen through the sale of its Russian business, Reuters reported.
Hart, the main architect behind Carlsberg's strategic shift from Russia towards China and a bet on prioritising price over volume, was hired in 2015, partly to help restore sluggish sales in its Eastern Europe brewing business.
During his eight years in charge he has successfully focused on cutting costs and improving sales of premium beers to compete with its larger rivals Heineken and AB InBev.
Carlsberg shares have risen more than 60% during Hart's tenure, outperforming AB InBev and Heineken, whose shares have dropped around 47% and risen around 45% respectively.
"He has done a very good job of stabilizing profits and taking out risk at Carlsberg," Nordnet analyst Per Hansen said after the Danish brewer said in a statement that Hart planned to leave by the end of the third quarter.
Carlsberg's shares fell 3.5% at market open in Copenhagen, but later pared losses and were 0.7% lower at 1118 GMT.
"Given his strong track record and the lack of a clear successor, we see today's news as negative," JP Morgan analysts
...More info on site
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Kenya: Diageo succeeds in raising EABL stake to 65 percent
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British multinational Diageo’s offer to buy an extra 14.97 percent stake in East African Breweries Plc (EABL) has been oversubscribed in the first phase of the offer, signalling high investor appetite for the premium the company offered for the shares, the Business Daily reported on March 7.
Diageo on March 6 said it has been offered 122.018 million shares by EABL owners in the initial phase, which closed on February 24, which is higher than the entire number of 118.394 million units the company is looking to buy in two steps.
The three percent oversubscription means that allocations will now be done on a prorated basis as earlier advertised by Diageo, prioritising early bidders who were on the EABL shareholder register by January 16 (the record date of the offer).
The London-based company is executing the acquisition of the additional stake through its wholly-owned subsidiary Diageo Kenya, through which it already holds a 50.03 percent stake in EABL.
This stake will rise to 65 percent now that Diageo has already achieved offers exceeding its target.
The company is buying 118.4 million shares in the brewer at a cost of Sh192 per unit, which puts the total purchase cost at Sh22.7 billion.
“As of the first closing,
...More info on site
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Barley News
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Australia: Barley crop 2022-23 sits as third-largest crop on record
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Australia is estimated to have produced 39.2 million tonnes (mln tonnes) of wheat, 14.1 mln tonnes of barley and 8.3 mln tonnes of canola
...More info on site
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Canada: Barley exports slow down in January
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Canadian barley exports slowed down in January, but out-of-country movement is still running ahead of the year-ago pace, according to updated export data from
...More info on site
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Kazakhstan: Barley, wheat production in Kazakhstan improve in 2022-23
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Wheat and barley production in Kazakhstan improved in 2022-23, with both experiencing a 39% increase from the previous year, according to a report from the Foreign Agricultural Service of the US Department of Agriculture (USDA).
Wheat production is estimated at 16.4 million tonnes, the highest since 2017-18, with improved weather and precipitation. Barley production is estimated at 3.3 million tonnes.
Kazakhstan exported 3.7 million tonnes of wheat in 2022-23, a 31% increase from the previous year. Uzbekistan, Afghanistan, and Tajikistan remained the top three buyers of Kazakhstani wheat and wheat flour.
Based on the increase in wheat production and strong demand from traditional export markets, the USDA estimates wheat and wheat flour exports for 2022-23 to be 9.5 million tonnes, which is a 7% increase from the previous year.
The USDA estimates barley exports to be 900,000 tonnes, doubling last year’s export volume. This estimated increase is due to higher production and trader expectations that they will regain market share to Iran, Uzbekistan and China.
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Ukraine: Most of Ukraine's winter grain crops in good condition
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Most of Ukraine's winter grain crops - winter wheat and barley - are in good condition, Ukraine's academy of agricultural science was quoted as saying on March 6.
"The analysis of the viability of winter wheat ... showed that the vast majority of plants - 92% to 97%, depending on the predecessor and sowing date - were in relatively good condition," the APK-Inform consultancy quoted a report by the academy as saying.
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World: Carlsberg plans expanded regenerative barley usage across brands in the UK, Finland, and France
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Carlsberg Group is forging ahead in its global move towards regenerative farming. The beer giant is taking strides with three pioneer brands in the UK, Finland and France, on its journey towards 100% regenerative agricultural practices by 2040, PR Newswire reported on March 6.
The brand commitments form part of the Group's new ZERO Farming Footprint ambition within its recently launched ESG programme, Together Towards Zero and Beyond. Within this, the Danish brewer has committed to sourcing 30% of all agricultural raw materials from regenerative practices and sustainable sources globally by 2030, reaching 100% by 2040. Aiming to promote biodiversity, restore soil health and support natural carbon capture, regenerative agriculture is an important part of the fight against climate change and biodiversity loss.
Through some of its most demanding targets yet, Carlsberg Group hopes that working toward and delivering on this new ambition will help accelerate the beer industry's transition to a regenerative model. And while rethinking the 'farm to bottle' process is a challenging journey, requiring multiple stakeholder alignments and value chain reconfigurations, the early examples emerging in the UK, Finland and France are encouraging:
In the UK, Carlsberg Marston's Brewing Company (CMBC) has committed to 100% regenerative barley
...More info on site
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