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E-Malt.com NewsLetter

RombBullet Quote of the week
RombBullet Currency rates
RombBullet Brewers equities
RombBullet Market prices change trend
RombBullet Industry news
RombBullet Graph of the week
RombBullet Table of the week
RombBullet Prices evolution
RombBullet Barley prices
RombBullet Theoretical malt prices
RombBullet Business history
RombBullet Agenda
RombBullet News articles




Last five Flashes



Last five graphs

Note: All graphs issued with e-malt.com newsletters are published in "Graph" section of e-malt.com site.



Last five tables

All e-malt.com tables are published in e-malt.com Statistics section. The Statistics section includes Barley statistics, Malt statistics and Beer statistics. The tables related to barley are published in Barley Statistics section, the tables related to malt in Malt Statistics section and the tables related to beer in Beer Statistics section.



Last five prices evolution




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E-Malt.com Flash 30b
July 27 - July 30, 2023


Quote of the Week

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Currency Rates


Base Currency: Euro
on July 28, 2023
Base Currency: US Dollar
on July 28, 2023
      1 EUR = 1.1054 USD
1 EUR = 0.8571 GBP
1 EUR = 1.4582 CAD
1 EUR = 1.6343 AUD
1 EUR = 154.7510 JPY
1 EUR = 5.2322 BRL
1 EUR = 99.7948 RUB
1 EUR = 7.9077 CNY
      1 USD = 0.9045 EUR
1 USD = 0.7815 GBP
1 USD = 1.3192 CAD
1 USD = 1.4784 AUD
1 USD = 139.9900 JPY
1 USD = 4.7334 BRL
1 USD = 90.2820 RUB
1 USD = 7.1539 CNY


Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend


July 28, 2023
French Barley/Malt
Crop 2023
Bulk
EUR/T %
2RS Malting Barley (FOB Creil) 299.00-301.00 down1.96%
6RW Malting Barley (FOB Creil) 240.00-242.00 down3.98%
Feed Barley (FOB Creil) 217.00-219.00 down6.03%
2RS Malt (FOB Antwerp) 646.50-648.50 down1.13%
6RW Malt (FOB Antwerp) 682.50-684.50 down1.07%
French Barley/Malt
Crop 2024
Bulk
EUR/T %
2RS Malting Barley (FOB Creil) 284.00-286.00 down3.06%
6RW Malting Barley (FOB Creil) 242.00-244.00 down4.33%
2RS Malt (FOB Antwerp) 638.50-640.50 down1.70%
6RW Malt (FOB Antwerp) 586.50-588.50 down2.25%
German Malting Barley
Crop 2023
Bulk
Ex Farm
EUR/T %
Average Malting Barley Price 290.00-292.00 up2.92%
-No change; upPrice increase; downPrice decrease versus last publication.

Click here to see our Market Prices History.


Top Industry News


Brewery news India: United Breweries reports 15.8% fall in June quarter profit ...Click here
Brewery news Vietnam: Sabeco sees profits plunge 32% yoy due to rise in marketing expenses ...Click here
Brewery news Nigeria: Guinness Nigeria Plc incurs whopping N49 billion in exchange rate losses in financial year to June 2023 ...Click here
Brewery news Nigeria: Nigerian youths increasingly turning from beer to whisky and spirits ...Click here
Brewery news Kenya & Tanzania & Uganda: East African Breweries Limited’s annual net profit declines 21% ...Click here

Barley news World: Barley prices continue to move higher ...Click here
Barley news North America: Canada barley production forecast reduced due to increasing dryness ...Click here
Barley news UK: Barley area estimated to increase by 5% this year ...Click here


More Industry News


Barley news France: Crop conditions stable to slightly worse as of July 24 ...Click here
Brewery news USA: AB InBev to lay off hundreds of staff as sales slump ...Click here
Brewery news USA: Boston Beer reports decrease in shipments, net income in Q2 2023 ...Click here
Barley news Canada: Feed barley, wheat prices still on the rise just weeks away from harvest ...Click here

Graph of the week



Table of the week

USA Hop Acreage 2020-2023s


Table of the week.
Prices Evolution

Prices evolution

Barley Prices



Theoretical Malt Prices


These Days in Business History


27 July
1694 - The Bank of England opens for business in London to print currency and manage the national debt. It goes on to become one of the world's most effective central banks
1866 - Atlantic telegraph cable successfully laid (1,686 miles long)
1971 - Merrill Lynch & Co. goes public, becoming the first New York Stock Exchange firm to do its own initial public offering on the NYSE

28 July
1866 - Metric system becomes a legal measurement system in US
1900 - Hamburger created by Louis Lassing in Connecticut
1978 - Price of gold tops $200-an-oz level for 1st time

29 July
1914 - 1st transcontinental phone link made between New York City & San Francisco
1952 - 1st nonstop transpacific flight by a jet
1956 - Jacques Cousteau's Calypso anchors in 7,500 m of water (record)

30 July
1863 - Henry Ford, car manufacturer was born
1897 - German chemist named Felix Hoffman synthesizes a stable form of acetylsalicylic acid in a laboratory in Berlin. The head of Bayer's pharmacological institute, Heinrich Dreser, soon names the product "aspirin," and it becomes the best-selling drug of all time
1928 - George Eastman demonstrates 1st color movie
1962 - The Trans-Canada Highway, the largest national highway in the world, is officially opened

Agenda

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)
11 - 15: Mondial de la Biere Rio 2023 (Rio de Janeiro, Brazil)
19 - 20: Brew Asia 2023 (Ho Chi Minh City, Vietnam)
19 - 21: Warsaw Beer Festival 2023 (Warsaw, Poland)
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)

March 2024:
22 - 24: St Malo Craft Beer Expo 2024 (St Malo, France)

April 2024:
11 - 13: KIBEX 2024 (Seoul, South Korea)
21 - 24: Craft Brewers Conference & BrewExpo America 2024 (Las Vegas, USA)

May 2024:
20 - 26: Budapest Beer Week 2024 (Budapest, Hungary)
23 - 26: Mondial de la Biere 2024 (Montreal, Canada)
26 - 30: The Brewers of Europe Forum 2024 (Lille, France)

More events are available on site e-malt.com


BreweryBrewery News Brewery


Brewery newsIndia: United Breweries reports 15.8% fall in June quarter profit
India's United Breweries Ltd reported a 15.8% fall in June-quarter profit on July 28, dragged by higher excise duty and costs, the Yahoo News ...More info on site


Brewery newsVietnam: Sabeco sees profits plunge 32% yoy due to rise in marketing expenses
Sabeco, the brewer of Saigon Beer, saw profits plunge 32% year-on-year to VND1.2 trillion ($50.7 million) in the second quarter as rising competition pumped ...More info on site


Brewery news Nigeria: Guinness Nigeria Plc incurs whopping N49 billion in exchange rate losses in financial year to June 2023
Guinness Nigeria Plc incurred a whopping N49 billion in exchange rate losses according to the information contained in its full-year results for the period ending June 2023, the Nairametrics reported on July 27.

The loss per share declared was N8.29 kobo versus N7.15 earnings per share a year earlier.

Key highlights

• Revenue for the year was N229.2 billion +10.9% YoY • Gross profit was N78.1 billion +7.5% YoY • Operating profit N23.3 billion -2.3% • Net finance cost N45.4 billion +20040.1% • Loss after tax N18.1 billion -216.1% • Loans and advances N63.7 billion vs N31.3 billion YoY • Cash generated from operations N57.3 billion vs N38.9 billion YoY • Cash in bank N92.1 billion vs N69.1 billion • The dividend declared is N15.6 billion compared to N1 billion YoY • DPS is N7.14 per share +1452%YoY

The forex depreciation led the company to a loss of N18.1 billion, its first full-year loss since 2020 when Covid-19 ravaged company financials.

Adjusting for the extraordinary forex loss of N49 billion, the company reported an operating profit of N23.5 billion.

Thus without the forex charge, Guinness would have reported strong profits.

Guinness also reported an unrealised exchange rate gain of N5.5 billion on foreign currency balances.

Guinness has a related party dollar loan of $22.5 million which means the naira equivalent is now N17.9 billion compared to N9.4 ...More info on site


Brewery news Nigeria: Nigerian youths increasingly turning from beer to whisky and spirits
Tunde Akinola, a recent graduate, was not really interested in spirits until recently. “I appreciate the different flavours that can be found in whisky,” he said. “I was never really interested in spirits until recently. I was at a party and I tried some spirits, and I was really surprised by how much I enjoyed it.”

Akinola says that he now enjoys whisky both at home and with friends.

Nnamdi Ogbeide is another Nigerian who has turned to whisky. He says he is simply looking for something new to try.

“I’ve always been a beer drinker,” he said. “But I’ve been hearing a lot about spirits lately, and I wanted to see what it was all about.”

“There have been changes in consumption trends recently. Young guys are not drinking beer as much. Spirits are more exciting than beer,” Abiola Gbemisola, a consumer analyst at FBNQuest, said.

Analysts said many Nigerian youths have traditionally been fond of beer, but in recent years, they are increasingly turning to whisky or spirits, BusinessDay NG reported on July 28.

A new report by Williams & Marshall Strategy, a global market research company, showed Nigerians have shown an increasing interest in exploring a more comprehensive range of spirits.

According to the ...More info on site


Brewery newsKenya & Tanzania & Uganda: East African Breweries Limited’s annual net profit declines 21%
East African Breweries Limited (EABL) posted a 21% decline in its net profit for the full year ended 30th June 2023 to KSh 12.32 ...More info on site


Brewery news USA: AB InBev to lay off hundreds of staff as sales slump
Anheuser-Busch InBev, whose Bud Light sales have recently slumped in the United States, will lay off hundreds of corporate staff in the country, CNN reported on July 26 citing a company statement.

The job cuts would represent less than 2 per cent of total employees at the world's largest brewer, but would not include frontline staff like brewery and warehouse staff, drivers, field sales among others, CNN reported.

Anheuser-Busch did not immediately respond to a Reuters request for comment. Bud Light and Budweiser have recently seen its sales drop in the US after a backlash from conservatives over a social media promotion with transgender influencer Dylan Mulvaney and has been dethroned by Constellation Brands' Modelo Especial as the top-selling beer brand in the country.



Brewery news USA: Boston Beer reports decrease in shipments, net income in Q2 2023
The Boston Beer Company, Inc. reported on July 27 its financial results for its second quarter that ended July 1, 2023. Key results were:

Second Quarter 2023 Summary:

• Depletions decreased 3% • Shipments decreased 4.5% • Net revenue decreased 2.1% to $603.3 million • Gross margin increased 230 basis points to 45.4% • Net income increased 8.8% to $58.0 million • Diluted income per share increased 9.5% to $4.72

Capital Structure:

• Generated $119.0 million in operating cash flow in the second quarter • Ended the second quarter with $207.8 million in cash and no debt • Repurchased $52.5 million in shares from January 3, 2023 to July 21, 2023

"We saw improvement in our financial performance and our volume benefited from the timing of the July 4th holiday in the second quarter, as we continue to execute our operational plans. We are proud to have just been named the number one beer industry supplier in the Tamarron Survey, the annual poll of beer distributors conducted by Tamarron Consulting, for the sixth year in a row," said Chairman and Founder Jim Koch. "Our highly cash-generative business and strong balance sheet will not only fuel our 2023 brand investments, but have also enabled us to repurchase over $50 million in shares year-to-date."

"As we expected, our second quarter performance reflected strong growth ...More info on site



BarleyBarley News Barley


Barley newsWorld: Barley prices continue to move higher
World barley prices continue to move back higher after the considerable downward trend since June 2022, RMI Analytics said in their latest report.

France has ...More info on site


Barley newsNorth America: Canada barley production forecast reduced due to increasing dryness
North America’s barley crop 2023 has undergone a wide range of weather impacts after a prolonged period of dryness and partially benefitting from mixed ...More info on site


Barley newsUK: Barley area estimated to increase by 5% this year
The UK will harvest less wheat due to more barley and oilseed rape being sown, according to AHDB's latest planting and variety survey, FarmingUK ...More info on site


Barley newsFrance: Crop conditions stable to slightly worse as of July 24
French crop conditions were stable to slightly worse in the week to July 24, as the harvest of winter crops continued to advance, according ...More info on site


Barley news Canada: Feed barley, wheat prices still on the rise just weeks away from harvest
Variable crop conditions in Alberta and Saskatchewan are contributing to rising feed grain prices on the Prairies just weeks away from harvest, Grainews reported on July 27.

Erin Harakal, trade manager for Agfinity Inc. in Stony Plain, Alta., said while conditions in the northern half of Alberta are good in some places, areas around Red Deer and parts of Saskatchewan are quite dry.

“It’s been all over the map for what we’ve been hearing for crop conditions right now,” she added.

Demand for feed grains is currently on the “quieter side”, according to Harakal, as feedlots order more United States corn, which is priced at C$270 to C$275 per tonne (C$6.85 to C$6.99/bu.). Other feedlots are content with waiting until harvest to buy more grain.

“It seems like we have a little bit more demand for fall, September and October (grain),” she explained. “But there are still a few feedlots that need a couple (of shipments) here and there. Prices for feed barley have gone up (this week), so we’ve seen prices go up a little bit.”

The high-delivered bid for feed barley in Alberta was C$9.38 per bushel on July 26, up 13 cents from a month ago, according ...More info on site


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