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E-Malt.com Flash 33b
August 17 - August 20, 2023
Quote of the Week
There is nothing impossible to they who will try.
Alexander the Great
Currency Rates
Base Currency: Euro
on August 18, 2023 |
Base Currency: US Dollar
on August 18, 2023 |
| |
1 EUR = 1.0875 USD
1 EUR = 0.8537 GBP
1 EUR = 1.4713 CAD
1 EUR = 1.6976 AUD
1 EUR = 158.8910 JPY
1 EUR = 5.4182 BRL
1 EUR = 102.7650 RUB
1 EUR = 7.9056 CNY
|
|
1 USD = 0.9194 EUR
1 USD = 0.7849 GBP
1 USD = 1.3529 CAD
1 USD = 1.5608 AUD
1 USD = 146.0990 JPY
1 USD = 4.9823 BRL
1 USD = 94.4976 RUB
1 USD = 7.2696 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| August 18, 2023 |
French Barley/Malt
Crop 2023
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
314.00-316.00 |  0.94% |
| 6RW Malting Barley (FOB Creil) |
234.00-236.00 | 0.42% |
Feed Barley (FOB Creil) |
204.00-206.00 |  2.50% |
| 2RS Malt (FOB Antwerp) |
665.00-667.00 | 0.55% |
| 6RW Malt (FOB Antwerp) |
701.00-703.00 | 0.52% |
French Barley/Malt
Crop 2024
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
293.00-295.00 | 0.34% |
| 6RW Malting Barley (FOB Creil) |
245.00-247.00 | 0.41% |
| 2RS Malt (FOB Antwerp) |
649.50-651.50 | 0.19% |
| 6RW Malt (FOB Antwerp) |
590.50-592.50 | 0.21% |
German Malting Barley
Crop 2023
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
310.00-312.00 | 1.22% |
 No change;
 Price increase;
 Price decrease versus last publication.
|
Click here to see our Market Prices History.
Canada: Antitrust regulator not to challenge takeover of Canada Malting parent by Malteries Soufflet
...Click here
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China: China Resources Beer's first-half net profit jumps 22%
...Click here
|
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USA: Bud Light will have a future in America, survey shows
...Click here
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World: Global grain inventories revised slightly upward but barley forecast to decline to 28-year low
...Click here
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Australia: Quite good current barley crop situation allows analysts to increase production forecast
...Click here
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North America: Canada barley crop forecast lowered on unfavourable weather
...Click here
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UK: AHDB believes China-Australia barley conflict resolution means strong potential for UK exports into Europe
...Click here
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World: Value of Scotch Whisky exports holds steady in H1
...Click here
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Nigeria: Guinness Nigeria Plc denies plans to shut down operations over foreign exchange crisis
...Click here
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India: Many craft beer brands struggling against stiff fees, complex rules in India
...Click here
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Mexico: Grupo Modelo to build corn processing facility in Guanajuato for beer production
...Click here
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UK: Whisky production begins again in Belfast for first time in nearly 90 years
...Click here
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USA: Anheuser-Busch heir offers to buy back Budweiser and Bud Light
...Click here
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UK: Heineken launches Spanish lager Cruzcampo in the off-trade
...Click here
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Graph of the week
Table of the week
France Barley Supply & Disposition 2017-2024f
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
17 August
1802 - In one of history's greatest acts of inventive daring, Robert Fulton launches his new steamboat from the north shore of Manhattan
1998 - The Russian government devalues the ruble and declares a moratorium on paying its foreign debt, a de facto default that sends the global bond markets crashing, triggers the collapse of the giant U.S. hedge fund Long-Term Capital Management and sends shockwaves through the world's financial system
18 August
1868 - French astronomer Pierre Janssen discovers helium
1904 - Max Factor Jr was born, CEO (Max Factor Cosmetics)
1937 - 1st FM radio construction permit issued (W1X0J (WGTR) in Boston MA)
1952 - Patrick Swayze was born in Houston Texas, actor/dancer
1960 - 1st photograph bounced off a satellite, Cedar Rapids, Iowa
19 August
1888 - 1st beauty contest (Spa, Belgium), 18 year old West Indian wins
1897 - 1st electric taxi's drive in London
1946 - Bill Clinton was born, the 42nd US President. (Former Little Rock Attorney)
20 August
1741 - Alaska discovered by Danish explorer Vitus Bering
1896 - Dial telephone patented
1960 - USSR recovers 2 dogs, 1st living organisms to return from space
Agenda
August 2023:
18 - 19: Beervana 2023 (Wellington, New Zealand)
September 2023:
04 - 06: 13th Iberoamerican VLB Symposium Brewing & Filling Technology (IBS) (Bogota, Colombia)
08 - 09: Stockholm Beer & Whisky Festival 2023 (Stockholm, Sweden)
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:
13 - 15: 108 International Brewing & Engineering Congress 2024 (Groningen, the Netherlands)
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)
24 - 26: Mondial de la Biere 2024 (Montreal, Canada)
26 - 30: The Brewers of Europe Forum 2024 (Lille, France)
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Malt News
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Canada: Antitrust regulator not to challenge takeover of Canada Malting parent by Malteries Soufflet
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The owner of one of Canada’s major commercial maltsters says its takeover by a major French peer won’t be challenged by Canada’s antitrust regulator,
...More info on site
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Brewery News
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China: China Resources Beer's first-half net profit jumps 22%
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China Resources Beer's first-half net profit jumped 22% as beer consumption recovered with the reopening of China's economy, the Morning Star reported on August
...More info on site
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Finland: Second-quarter beer sales drop 2%
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The domestic sales of beer and other beverages continue to exhibit trends of change as the Finnish Brewers' Association releases its quarterly report. Member
...More info on site
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USA: Bud Light will have a future in America, survey shows
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Bud Light's sales may not keep slipping forever.
At least that's the vibe from a new Deutsche Bank survey of consumers, which flew under the radar of investors this week, Yahoo Finance reported on August 17.
The proportion of beer drinkers who no longer buy Bud Light fell to 19% in August from 21% in July. The percentage of people buying less Bud Light was reduced by 1.7% while the percentage buying more improved by 3.2%.
Powering the budding comeback: consumption among those over the age of 25 and those earning less than $25,000 a year.
Deutsche Bank also found that disenchanted Bud Light drinkers may return in substantive quantity by early 2024.
"Crucially, the proportion of former Bud Light drinkers who say they are very unlikely to buy the brand in 3-6 months’ time has reduced from 18% to just 3%, a significant improvement," the report's lead author Mitch Collett wrote. "Our data also suggests that Corona and Heineken remain the main beneficiaries of Bud Light's losses, however, the gains are lower vs July."
Collett reiterated a Buy rating on Bud Light maker Anheuser-Busch InBev's stock, citing its attractive valuation in the context of what could be a rebound in the company's key brand.
That said,
...More info on site
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Nigeria: Guinness Nigeria Plc denies plans to shut down operations over foreign exchange crisis
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A leading brewery company, Guinness Nigeria Plc, has reacted to reports in some quarters of the media that it was planning to shut down its operations over the foreign exchange (FX) crisis in the country, the Business Post Nigeria reported on August 16.
Though it acknowledged that the forex liquidity squeeze in Nigeria was affecting business operations in the country, it was not planning to leave because of that.
In a statement on August 16, the beer maker said it would remain in Nigeria, which is unarguably its biggest market in Africa, and find its way around the FX shortages the nation was battling with.
Read the full statement below:
The attention of the management of Guinness Nigeria Plc has been drawn to reports published by some blogs and online media platforms, which wrongfully claimed that the company may be shutting down operations in Nigeria allegedly due to the impact of some reported forex losses in recent times.
It is important to clarify that this publication and the sensational headlines being circulated by these blogs and online media platforms is baseless and misleading as Guinness Nigeria at no time, put out this erroneous communication nor shared any statement that can lead to such inaccurate conclusions.
The
...More info on site
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India: Many craft beer brands struggling against stiff fees, complex rules in India
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Stiff fees, complex rules and the pandemic have snuffed out many of India’s small but promising craft beer brands, with the remaining shrinking operations and entering adjacent segments, the Mint reported on August 16.
Makers of Witlinger, Mad King and White Owl craft beers have either shut shop or started new ventures, while owners of Kati Patang, White Rhino and Beor 360 have scaled back their operations.
Kati Patang beer, a runaway hit with its unique small-batch flavours like saffron, turmeric and lemon rind, has shrunk considerably in the six years since its launch. Its only available variant in the Delhi market now is Bareilly Bold, a strong lager, against four variants earlier. The company had to shell out ₹22 lakh to register the variant, a mandatory fee to sell each liquor brand or variant in the capital.
Co-founder Shantanu Upadhyay said Kati Patang had no choice but to shift gears. “While craft brands based in India do have a market, and we, along with our investors, strongly believe in this, the flip-flop in excise policies coupled with covid-19 have affected many businesses. We would love to have more support in India on the regulatory front. But
...More info on site
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Mexico: Grupo Modelo to build corn processing facility in Guanajuato for beer production
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Mexican beer maker Grupo Modelo and Millfoods will invest $300 million to build a corn processing facility in central Guanajuato state for beer production, Mexico's economy ministry announced in a statement on August 17, Yahoo Finance reported.
The plant is expected to generate more than 1,000 jobs, and once construction of the plant is finished next year, the project will benefit some 20,000 corn farmers in central Mexico, according to the ministry.
Modelo, part of Belgium-based Anheuser-Busch Inbev's global beer business, stressed it will support local corn production over imports, the statement added, which is also a top government priority.
The ministry also touted the plant's technology that should allow it to use less water.
Millfoods will be an investor in the project and operator of the plant, which will be located in the city of Salamanca, the statement added.
Beer is a major export for Mexico, which has traditionally relied on imported grains over local production to make the popular alcoholic beverage.
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USA: Anheuser-Busch heir offers to buy back Budweiser and Bud Light
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Anheuser-Busch heir Billy Busch has offered to buy back the business that bears his family name, if AB InBev offered to sell it, The Drinks Business reported on August 17.
In a recent interview on OutKick, Busch said that if AB InBev wants to offload Budweiser – and its low calorie variant Bud Light – then he would be happy to buy the brand back.
Busch said: “If they don’t want that brand any longer, sell it back to the Busch family. Sell it to me. I’ll be the first in line to buy that brand back from you, and we’ll make that brand great again.”
The Busch family sold Anheuser-Busch to the Belgium beer giant InBev in 2008, creating the global beer behemoth that is now known as AB InBev. However, during the interview, Busch questioned AB InBev’s management of the Budweiser brand, which counts the Bud Light variant as part of its remit.
In describing why he wanted to offer to buy the Budweiser brand back, Busch explained his views on the difference between how Anheuser-Busch was led before the sale compared to how AB InBev runs things today and insisted that his family spent time getting to know its drinkers and
...More info on site
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UK: Heineken launches Spanish lager Cruzcampo in the off-trade
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Heineken UK has launched leading Spanish lager Cruzcampo in the off-trade, following an on-trade launch earlier this year, Better Retailing reported on August 17.
Cruzcampo (4.4% ABV), which is the number-one draught lager in Spain according to Nielsen figures, has launched to convenience stores via Booker and One Stop. It is initially available in 4x440ml and 10x440ml multipacks, with respective RRPs of £6.25 and £12.50.
Additional formats will be launching in September, including a 660ml bottle (RRP £2.75) and a 12x330ml bottle multipack (RRP £12.50).
The supplier says the beer offers consumers a premium beer at an affordable price point, in the wake of a survey in which 29% of UK consumers say they’ve reduced their spend on alcohol.
Alexander Wilson, category & commercial strategy director – off-trade at Heineken UK, said: “Mainstream lager makes up 38% of total Beer value but has lacked innovation in recent years. With almost half of premium and world lager growth since Covid (43%) coming from Spanish brands, we see an opportunity to launch Cruzcampo as an affordable trade-up option for lager drinkers who enjoy discovering new experiences. The launch of Cruzcampo in the on-trade has been extremely popular as consumers seek out authentic Spanish beers and we’re
...More info on site
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USA, IL: MyGrain Brewing going out of business
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One of Joliet's microbreweries, MyGrain Brewing, located in the historic Union Station in downtown Joliet, is going out of business this weekend. MyGrain made the sad announcement on Thursday, August 17, the Patch reported.
"I am extremely sad that after six years we will be closing our doors permanently on August 19. It's been a long and fun journey for us, we loved being part of the Joliet community and helping the downtown area grow," the Facebook post read. "Unfortunately, we never fully recovered from the setbacks we experienced during covid and I do not want MyGrain Brewing Company to continue operating if we cannot bring you the service, food and brews that you have come to expect from us. Our customers and our employees deserve more than we can currently provide in these conditions.
"We have a few more days of open doors and full service. I hope to see all of our loyal customers this week and share our sincere apologies in person."
MyGrain's closing is the latest in a string of Joliet region breweries that have shut down recently. Others have happened in Mokena, Oswego and Romeoville.
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Barley News
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World: Global grain inventories revised slightly upward but barley forecast to decline to 28-year low
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Global inventories of total grains, which includes wheat, corn and other coarse grains, were revised slightly upward in the International Grains Council’s (IGC) latest
...More info on site
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Australia: Quite good current barley crop situation allows analysts to increase production forecast
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Ongoing beneficial rains are falling across most of the main barley regions in Australia and the forecast for the coming week is also favourable,
...More info on site
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North America: Canada barley crop forecast lowered on unfavourable weather
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Rain fell across large parts of North America during the last week of July and first week of August, but many key barley regions
...More info on site
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UK: AHDB believes China-Australia barley conflict resolution means strong potential for UK exports into Europe
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Recently, China announced they were lifting the 80.5% anti-dumping and countervailing duties on Australian barley. This duty had been in place since May 2020,
...More info on site
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Whisky News
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World: Value of Scotch Whisky exports holds steady in H1
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Consumers are drinking less alcohol but turning to more premium options, says the Scotch Whisky Association as it releases export figures for the first
...More info on site
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UK: Whisky production begins again in Belfast for first time in nearly 90 years
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Whiskey production has begun again in Belfast for the first time since the 1930s, Yahoo Finance reported on August 17.
An £8 million conversion on the site of the Thompson Dock and Pumphouse in Titanic Quarter now facilitates the city’s first working whiskey distillery in nearly 90 years.
Titanic Distillers has been granted its licence and is now pouring at the distillery, which will produce single malt whiskey made from a blend of malted barley and yeast.
Head distiller Damien Rafferty said whiskey from the site could be a new export for Northern Ireland.
“In many ways though, the job is only beginning as we start producing a whiskey that the people of Belfast and Northern Ireland can be proud of, and one that will represent us well all over the world,” he said.
“We opened our doors to tourists in April this year to allow visitors to explore the distillery and the site where Titanic last rested on dry ground.
“But to finally begin production on site is an incredible feeling and a huge milestone, not just for us but for the city of Belfast.
“A lot of time, hard work and investment has gone into this amazing project to date, but this week marks the
...More info on site
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