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E-Malt.com Flash 21a
May 22 - May 24, 2023
Quote of the Week
If you want to fly, give up everything that weighs you down.
Buddha
Currency Rates
Base Currency: Euro
on May 24, 2023 |
Base Currency: US Dollar
on May 24, 2023 |
| |
1 EUR = 1.0786 USD
1 EUR = 0.8688 GBP
1 EUR = 1.4568 CAD
1 EUR = 1.6274 AUD
1 EUR = 149.4520 JPY
1 EUR = 5.3570 BRL
1 EUR = 86.5139 RUB
1 EUR = 7.6049 CNY
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|
1 USD = 0.9270 EUR
1 USD = 0.8054 GBP
1 USD = 1.3506 CAD
1 USD = 1.5086 AUD
1 USD = 138.5490 JPY
1 USD = 4.9665 BRL
1 USD = 80.2076 RUB
1 USD = 7.0505 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| May 24, 2023 |
French Barley/Malt
Crop 2022
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
249.00-251.00 |  |
| 6RW Malting Barley (FOB Creil) |
214.00-216.00 | |
| Feed Barley (FOB Creil) |
202.00-204.00 | |
| 2RS Malt (FOB Antwerp) |
589.00-591.00 | |
| 6RW Malt (FOB Antwerp) |
546.00-548.00 | |
French Barley/Malt
Crop 2023
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
262.00-264.00 | |
| 6RW Malting Barley (FOB Creil) |
242.00-244.00 | |
| 2RS Malt (FOB Antwerp) |
601.00-603.00 | |
| 6RW Malt (FOB Antwerp) |
637.00-639.00 | |
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.
Finland: Viking Malt inaugurates new plant in Lahti
...Click here
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USA: 2022 Beer Serves America study shows substantial growth since 2020
...Click here
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USA: Bud Light boycott could cost AB InBev 26% of earnings, analysts say
...Click here
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World: Total grains production to reach all-time high in 2023-24
...Click here
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Canada: Barley exports facing a seasonal slowing of movement
...Click here
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Ukraine: USDA's Ukrainian barley output estimates cause doubts
...Click here
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USA: Heineken rumoured to be eyeing opportunities while Bud Light sales decrease
...Click here
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Ireland: Ireland passes legislation requiring health warnings on alcohol products
...Click here
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Thailand: Brewer-turned-politician fighting to overhaul Thai beer market’s duopoly
...Click here
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Graph of the week
Table of the week
North America's Barley Imports, Production, Consumption, and Ending Stocks
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
22 May
1785 - Benjamin Franklin announces his invention of bifocals
1900 - Associated Press News Service forms in New York
1918 - King Oil/Shell refinery on Curacao officially opens
23 May
1922 - Walt Disney incorporates his 1st film company Laugh-O-Gram Films
1956 - World Trade Center dedicated in Ferry Building, San Francisco
1995 - Sun Microsystems launches Java, the universal Internet programming language
1995 - The first version of the Java programming language is released
24 May
1688 - The earliest known book on the stock market, Joseph Penso de la Vega's Confusion de Confusiones (Confusion of Confusions), appears
1883 - The Brooklyn Bridge in New York City is opened to traffic after 14 years of construction
1956 - The first Eurovision Song Contest is held in Lugano, Switzerland
1973 - The Stock Exchange of Singapore is founded
1985 - Quantum Computer Services is incorporated in Delaware. In 1991 it changes its name to America Online, Inc.
Agenda
May 2023:
22 - 28: Budapest Beer Week 2023 (Budapest, Hungary)
24 - 25: 34d International VLB Craft Brewing Conference (Online)
26 - 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)
12 - 13: IGC Grains Conference 2023 (London, UK)
13 - 14: VLB Africa Brewing Conference 2023 (Douala, Cameroon)
August 2023:
01 - 05: Great British Beer Festival 2023 (London, UK)
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:
04 - 06: 13th Iberoamerican VLB Symposium Brewing & Filling Technology (IBS) (Bogota, Colombia)
16 - 03 October: Oktoberfest 2023 (Munich, Germany)
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:
01 - 02: Glug Swiss 2024 (Alte Reithalle, Aarau, Switzerland)
09 - 12: HoReCa 2024 (Athens, Greece)
18 - 21: Beer & Food Attraction 2024 (Rimini, Italy)
23 - 25: Finest Spirits 2024 (Munich, Germany)
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Malt News
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Finland: Viking Malt inaugurates new plant in Lahti
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Viking Malt's new malting plant has been officially inaugurated in Lahti, the Business Wire reported on May 23.
The capacity of the new malting plant
...More info on site
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Brewery News
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USA: 2022 Beer Serves America study shows substantial growth since 2020
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Ahead of Memorial Day weekend and the start of the summer selling season, the Beer Institute and the National Beer Wholesalers Association (NBWA) released
...More info on site
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USA: Bud Light boycott could cost AB InBev 26% of earnings, analysts say
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Nearly two months after a transgender influencer promoted Bud Light online, the subsequent brand boycott is still taking its toll on parent company Anheuser-Busch's
...More info on site
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Latvia: First-quarter beer output down 25%
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Latvia’s brewers produced 16.108 mln litres of beer in the first three months of this year, down 25% compared to Q1 2022, the nation’s
...More info on site
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USA: Heineken rumoured to be eyeing opportunities while Bud Light sales decrease
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In the wake of AB InBev’s Bud Light brand falling from favour, Heineken is rumoured to be getting behind promoting Heineken Silver in the US, The Drinks Business reported on May 23.
According to reports, Heineken had seen an opportunity in the US market’s light beer category prior to the recent backlash against its Bud Light promotion with transgender influencer Dylan Mulvaney and is set to move quickly this year to win over US consumers.
Heineken USA’s chief executive Maggie Timoney told Reuters that there is room for the Heineken Silver brand to grow among “premium” lagers and that Heineken plans to win over Americans with more than two million free samples this year, most notably during its partnership with the US Open tennis and as title sponsor of the Las Vegas Formula One Grand Prix
The troubled AB InBev, which still currently dominates the light beer category with Bud Light, has seen US sales of the beer brand drop more than 20% since it faced criticism in April. To reduce the backlash, the company is also reported to be buying back unsold Bud Light beers which have passed their expiry date, following news it has also lost its top LGBTQ+ rating from
...More info on site
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Ireland: Ireland passes legislation requiring health warnings on alcohol products
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Ireland passed legislation on May 22 that will make it the first country in the world to require health warnings on alcohol products. The warning labels are expected to detail the dangers of drinking while pregnant, related cancer information, and the risks of liver disease from drinking, the Seeking Alpha reported.
The new legislation, which was signed into law by health minister Stephen Donnelly, also includes a requirement that alcohol warnings be posted at pubs and restaurants where alcohol is served. However, it will be a few years before any impact may be felt in the industry, with the new legislation not scheduled to go into effect until May of 2026.
"This law is designed to give all of us as consumers a better understanding of the alcohol content and health risks associated with consuming alcohol," noted Donnelly. Irish health department officials have also maintained the regulations only bring alcohol products in line with requirements for food packaging.
The Ireland alcohol warning plan has already seen protests from Italy, Spain and six other EU member states due to the potential issues it could create. Outside the EU, complaints about the new requirement have also been filed with the World Trade Organization by UK,
...More info on site
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Thailand: Brewer-turned-politician fighting to overhaul Thai beer market’s duopoly
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A beer-loving lawmaker in Thailand once arrested for illegal brewing is hoping his party's election win can give him a long-awaited shot at breaking up a $14 billion alcohol duopoly of two of the country's wealthiest families, Reuters reported on May 23.
Brewer-turned-politician Taopiphop Limjittrakorn has been fighting to overhaul strict regulations for years, taking on Boon Rawd Brewery and ThaiBev, which have long had a stranglehold on the production of alcohol.
He is a member of the progressive Move Forward party, which is pushing to form the next government after winning the most seats in a May 14 general election. It reached an agreement on Monday with prospective coalition partners that include measures to "abolish monopolies and promote fair competition in all industries, such as alcoholic beverages".
Although the single-largest party, the prospect of a Move Forward-led government is still uncertain due to a built-in constitutional provision that favours military-linked parties.
"The progressive alcohol bill is not only a bill, it is a political project," said Taopiphop, 34, who was re-elected in a Bangkok district, in an interview at his bar.
"Now, I'm gathering all the stakeholders in this policy to make it happen as smoothly as I can because I realise that we
...More info on site
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Barley News
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World: Total grains production to reach all-time high in 2023-24
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Total grains production is expected to reach an all-time high in the 2023-24 marketing year, according to the latest monthly forecast by the International
...More info on site
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Canada: Barley exports facing a seasonal slowing of movement
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The Canadian Grain Commission has reported licensed exports of barley to China in March of 141,300 metric tons (mt), or 82.3% of the total
...More info on site
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Ukraine: USDA's Ukrainian barley output estimates cause doubts
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The US Department of Agriculture's (USDA) first estimates for Ukrainian barley production in the new 2023-24 marketing season surprised market participants, as they are
...More info on site
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Canada: Feed barley bids continue to hold steady
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Feed barley bids in Western Canada continue to hold steady, while attention in the market turns to the new crop going into the ground, the Alberta Farmers Express reported on May 20.
“There currently is an uptick in demand for quick movement presenting good opportunities for producers ready to sell,” Alberta grain brokerage Agfinity said in a note to clients.
“However, many feedlots have indicated that they are in decent shape and covered into new crop, some due to switching over to corn until harvest.”
Bids in the C$400-C$410 per tonne range can currently be found for May-June delivery into the Lethbridge feedlot alley in southern Alberta. For the new crop, Agfinity noted producers were showing some caution in contracting due to dry seeding conditions.
On the export front, year-to-date Canadian barley exports through 41 weeks of the 2022-23 marketing year of 2.6 million tonnes compare with 1.8 million at the same point the previous year. However, only 20,000 tonnes left the country during the week, according to the latest Canadian Grain Commission report.
Meanwhile, feedlots continue to bring corn from the U.S., with the potential for more imports likely to keep a lid on upside in the Canadian feed market even if any problems
...More info on site
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