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E-Malt.com Flash 11b
March 16 - March 19, 2023
Quote of the Week
A goal is a dream with a deadline.
Napoleon Hill
Currency Rates
Base Currency: Euro
on March 17, 2023 |
Base Currency: US Dollar
on March 17, 2023 |
| |
1 EUR = 1.0604 USD
1 EUR = 0.8774 GBP
1 EUR = 1.4573 CAD
1 EUR = 1.5958 AUD
1 EUR = 141.0480 JPY
1 EUR = 5.5915 BRL
1 EUR = 81.1136 RUB
1 EUR = 7.3156 CNY
|
|
1 USD = 0.9429 EUR
1 USD = 0.8274 GBP
1 USD = 1.3742 CAD
1 USD = 1.5047 AUD
1 USD = 133.0000 JPY
1 USD = 5.2728 BRL
1 USD = 76.4907 RUB
1 USD = 6.8986 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| March 17, 2023 |
French Barley/Malt
Crop 2022
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
291.00-293.00 |  |
| 6RW Malting Barley (FOB Creil) |
269.00-271.00 | |
| Feed Barley (FOB Creil) |
254.00-256.00 | |
| 2RS Malt (FOB Antwerp) |
609.50-611.50 | |
| 6RW Malt (FOB Antwerp) |
582.50-584.50 | |
French Barley/Malt
Crop 2023
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
304.00-306.00 | |
| 6RW Malting Barley (FOB Creil) |
283.00-285.00 | |
| 2RS Malt (FOB Antwerp) |
623.00-625.00 | |
| 6RW Malt (FOB Antwerp) |
659.00-661.00 | |
German Malting Barley
Crop 2022
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
283.00-285.00 |  0.86% |
 No change;
 Price increase;
 Price decrease versus last publication.
|
Click here to see our Market Prices History.
Asia Pacific: Asia Pacific holding clear position as largest beer market in the world
...Click here
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Denmark & Russia: Carlsberg denies report it agreed to sell Russian business to Anadolu Efes
...Click here
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Canada: Looming tax increase latest blow to tapped out beer sector in Canada
...Click here
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Spain: Beer consumption not yet recovered to pre-pandemic levels
...Click here
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UK: Government helps pubs by raising 'draught relief' on beer
...Click here
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World: Focus shifts to barley crop 2023 with trade mostly finished for crop 2022
...Click here
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Canada: Forecast for increase in barley crop in 2023 remains unchanged
...Click here
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UK: Scotch Whisky Association slams decision to raise duty on Scotch whisky by 10.1%
...Click here
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Germany: Bitburger Brewery Group reports 15% year-on-year turnover growth in 2022
...Click here
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Central African Republic: French brewery attack flags Russia's tussle for influence in Africa
...Click here
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Kenya: EABL, Diageo directors face Sh39bn fine in Supreme Court suit
...Click here
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USA: AB InBev loses jury trial over Constellation’s Corona, Modelo seltzers
...Click here
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Graph of the week
Table of the week
The Number of Breweries in Europe 2017 - 2021
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
16 March
1915 - United States Trade Commission organizes
1933 - President Franklin D. Roosevelt takes the U.S. off the gold standard, removing the yellow metal from coinage and circulation, even banning it as a collectible
1987 - IBM releases PC-DOS version 3.3
2014 - Crimea votes in a controversial referendum to secede from Ukraine to join Russia
17 March
1845 - Bristol man, Henry Jones, patents self-raising flour
1968 - 2-tiered gold price negotiated in Washington D.C. by U.S. and 6 European nations
1997 - CNN begins spanish broadcasts
18 March
1850 - Henry Wells and William Fargo forms American Express in Buffalo
1938 - Mexico takes control of foreign-owned oil properties
1985 - Capital Cities Communications Inc. acquires ABC
19 March
1775 - Poland and Prussia sign trade agreement
1831 - 1st U.S. bank robbery (City Bank, New York/$245,000)
1965 - Indonesia nationalizes all foreign oil companies
Agenda
March 2023:
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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Asia Pacific: Asia Pacific holding clear position as largest beer market in the world
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In terms of global beer production, the Asia Pacific holds a clear position as the largest market, RMI Analytics said in their latest report
...More info on site
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Denmark & Russia: Carlsberg denies report it agreed to sell Russian business to Anadolu Efes
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Danish brewer Carlsberg denied on March 15 a media report that said the company had agreed to sell its Russian business to Turkish rival
...More info on site
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Canada: Looming tax increase latest blow to tapped out beer sector in Canada
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Those who speak for Canada's beer industry say a sizable tax increase which will take effect next month should be reconsidered — calling it
...More info on site
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Spain: Beer consumption not yet recovered to pre-pandemic levels
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Spain has secured the silver medal in beer production in Europe, with Germany taking the gold and Poland taking the bronze. That’s thanks to
...More info on site
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World: Carlsberg appoints new CEO
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Danish brewer Carlsberg has appointed the current head of services provider ISS as its new chief executive, the company said on March 16.
Jacob Aarup-Andersen, a Danish national, will replace Dutchman Cees 't Hart, who said earlier this month he would retire at the end of September.
Shares in Carlsberg extended gains on the news, closing 4.3% higher, while ISS' shares fell 7%.
The CEO's starting date will be announced later, the world's third largest brewer said in a statement.
"Jakob was very clearly our preferred candidate," Chairman Henrik Poulsen told journalists on a conference call.
"He is a visionary leader and represents a strong combination of strategic, analytical and financial skills," Poulsen said.
Aarup-Andersen became CEO at ISS in 2020 after Denmark's financial regulator rejected him for the top job at Danske Bank, on the grounds that his banking experience was not sufficient.
"For me, Carlsberg is more than just a company. It's part of Denmark's cultural heritage," Aarup-Andersen said, adding that he will not make changes to the company's current strategy.
During Aarup-Andersen's more than two years at ISS, where he was in charge of 350,000 employees in more than 30 countries, shares have risen around 50%.
Carlsberg's executive team has undergone large changes in the last
...More info on site
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UK: Government helps pubs by raising 'draught relief' on beer
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Britain's finance minister Jeremy Hunt offered some help to pubs on March 15 by increasing "draught relief", making the rate of duty on draught beer and cider up to 11 pence lower than the charge on cans or bottles bought in a supermarket from August, Reuters reported.
The measure will coincide with a rise in alcohol taxes in line with inflation, ending a freeze that has been in since 2020, and will result in no change in the duty paid on a typical pint poured from a tap in a pub, the government said.
"In December, I extended the alcohol duty freeze until August 1st, after which duties will go up in line with inflation in the usual way," Hunt told parliament in his budget statement.
"But today, I will do something that was not possible when we were in the EU and significantly increase the generosity of Draught Relief, so that from August 1st the duty on draught products in pubs will be up to 11p lower than the duty in supermarkets, a differential we will maintain as part of a new Brexit pubs guarantee."
The government is also pressing ahead with reforms that will increase taxes on stronger alcoholic products, such as
...More info on site
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Germany: Bitburger Brewery Group reports 15% year-on-year turnover growth in 2022
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Germany's Bitburger Brewery Group has reported 15% year-on-year growth in turnover to €729 million in its financial year 2022, with group sales up 11%,
...More info on site
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Central African Republic: French brewery attack flags Russia's tussle for influence in Africa
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On a night in early March, arsonists attacked a brewery owned by the French drinks giant Castel in Bangui, the capital of the Central African Republic, Yahoo Finance reported on March 16.
Hurling petrol bombs, they set fire to beer crates stacked inside the MOCAF brewery's fortified storage yard.
But this was not some random assault by firebugs.
Footage from security cameras, say sources familiar with the incident, shows a planned operation by four men wearing fatigues resembling those of the Russian mercenary group Wagner.
The attack, they say, bears the hallmarks of a ruthless campaign to carve out Russian influence in the CAR, a country poor but replete with valuable forests, gold and commercial minerals.
France and Russia have long been wrestling for influence in CAR, a country wracked by poverty and plagued by a nearly decade-long civil conflict.
But until this physical attack on French interests, the confrontation had been largely limited to anti-French trolling, seeking to poison relations between the CAR and its former colonial power.
In December 2020, Facebook removed troll "factories" and other sources of fake news allegedly controlled by entities linked to Wagner chief Yevgeny Prigozhin, as well as accounts reportedly linked to the French military.
Last December, France pulled its last
...More info on site
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Kenya: EABL, Diageo directors face Sh39bn fine in Supreme Court suit
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Directors of East African Breweries Limited (EABL) and its parent company Diageo face multi-billion shilling fines after being accused of disobeying a Kenya Supreme Court order on a beer supply contract, the Business Daily reported on March 17.
The brewer’s former supplier, Bia Tosha Distributors Ltd, wants the directors to be fined an equivalent of 20 percent of EABL’s sales, or Sh39 billion, for refusing to give it back beer distributorship routes in parts of Nairobi, Machakos and Kajiado.
The Supreme Court last month ordered EABL to reinstate Bia Tosha on the contested routes following a suit that has dragged in court since 2016.
Bia Tosha told the Supreme Court that EABL has ‘sponsored’ the present distributors to sue at the High Court in a bid to derail the implementation of the apex court’s order.
“The respondents have acted with reckless abandon and with total contempt for the authority of this court, have continued to infringe upon the applicant’s distribution areas,” Anne-Marie Burugu, managing director of Bia Tosha, says in documents filed in court.
“…That the respondents upon conviction for the contempt, be condemned, individually and collectively, to pay a fine equivalent to 20 percent of their individual gross company turnovers as reflected in their
...More info on site
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USA: AB InBev loses jury trial over Constellation’s Corona, Modelo seltzers
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A Manhattan federal jury on March 15 found that Constellation Brands Inc did not violate a U.S. distribution agreement with Anheuser-Busch InBev SA unit Grupo Modelo by selling hard seltzers branded with the Modelo and Corona names, Reuters reported.
The jury accepted Constellation's argument that its license to distribute beer bearing Modelo's brand names also allows it to sell alcoholic drinks like Corona Hard Seltzer and Modelo Ranch Water.
A Grupo Modelo spokesperson said the company was disappointed with the verdict and "evaluating all options."
A Constellation spokesperson said the company was pleased with the verdict and remains "committed to continuing to operate in accordance with the terms of our sublicense agreement."
A Constellation predecessor began distributing Mexico-based Modelo's beers in 1996. Modelo sued Constellation in 2021, alleging its 2020 launch of Corona Hard Seltzer breached their licensing agreement and infringed its trademarks.
Modelo added Modelo Ranch Water to the lawsuit last year after Constellation launched the alcoholic sparkling water drink.
Constellation told the court that the drinks are covered by part of its license that allows it to sell "other versions" of beer or malt beverages under the Modelo brand names.
U.S. Circuit Judge Lewis Kaplan determined in December that the contract's definition of the term
...More info on site
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Barley News
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World: Focus shifts to barley crop 2023 with trade mostly finished for crop 2022
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At this time of the year, the focus is clearly on barley crop 2023 with trade mostly finished for crop 2022, RMI Analytics said
...More info on site
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Canada: Forecast for increase in barley crop in 2023 remains unchanged
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The significant increase in barley production expectations for crop 2023 to 10.26 mln tonnes remains unchanged, RMI Analytics said in their early March report.
In
...More info on site
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Whisky News
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UK: Scotch Whisky Association slams decision to raise duty on Scotch whisky by 10.1%
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The Scotch Whisky Association (SWA) has slammed the decision by the UK Chancellor to raise duty on Scotch whisky by 10.1%, in one of the largest tax hikes in recent decades and, say the SWA, further increase the competitive disadvantage faced by spirits – breaking the UK government’s pledge to “review alcohol duty to ensure our tax system is supporting Scottish whisky,” dramscotland.co.uk reported on March 15.
Meanwhile Nuno Teles, Managing Director Diageo GB, said, “Today’s decision is a hammer blow for pubs, drinkers and for Scotch, a UK homegrown industry supporting tens of thousands of jobs. We urge the Chancellor to reverse this punitive and inflationary tax hike.”
The SWA say in a statement that, in the budget, “the Chancellor increased duty across all four alcohol categories, with relief provided for on-draught products, which make up less than half of those sold behind the bar and not available to 99% of distillers. The duty rate on spirits will rise to £31.64 per litre of pure alcohol, meaning that of the £15.22 average price of a bottle of Scotch Whisky, £11.40 is collected in taxation through duty and VAT. The tax burden on the averaged priced bottle of Scotch Whisky has
...More info on site
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