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E-Malt.com Flash 45b November 09 - November 12, 2023
Quote of the Week
Nothing quenches the thirst like a wheat beer, or sharpens the appetite like an India pale ale. Nothing goes as well with seafood as a dry porter or stout, or accompanies chocolate like an imperial stout. Nothing soothes like a barley wine. These are just a few of the specialty styles of beer.
Michael Jackson
Currency Rates
Base Currency: Euro on November 10, 2023 |
Base Currency: US Dollar on November 10, 2023 |
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1 EUR = 1.0695 USD
1 EUR = 0.8719 GBP
1 EUR = 1.4748 CAD
1 EUR = 1.6708 AUD
1 EUR = 161.5660 JPY
1 EUR = 5.2541 BRL
1 EUR = 98.2750 RUB
1 EUR = 7.7890 CNY
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1 USD = 0.9349 EUR
1 USD = 0.8151 GBP
1 USD = 1.3789 CAD
1 USD = 1.5620 AUD
1 USD = 151.0540 JPY
1 USD = 4.9125 BRL
1 USD = 91.8863 RUB
1 USD = 7.2826 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
November 10, 2023 |
French Barley/Malt Crop 2023 Bulk |
EUR/T |
% |
2RS Malting Barley (FOB Creil) |
303.00-305.00 | |
6RW Malting Barley (FOB Creil) |
225.00-227.00 | |
Feed Barley (FOB Creil) |
198.00-200.00 | |
2RS Malt (FOB Antwerp) |
652.00-654.00 | |
6RW Malt (FOB Antwerp) |
688.00-690.00 | |
French Barley/Malt Crop 2024 Bulk |
EUR/T |
% |
2RS Malting Barley (FOB Creil) |
295.00-297.00 | |
6RW Malting Barley (FOB Creil) |
230.00-232.00 | |
2RS Malt (FOB Antwerp) |
652.00-654.00 | |
6RW Malt (FOB Antwerp) |
572.00-574.00 | |
German Malting Barley Crop 2023 Bulk Ex Farm |
EUR/T |
% |
Average Malting Barley Price |
321.00-323.00 | 1.95% |
No change;
Price increase;
Price decrease versus last publication.
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Click here to see our Market Prices History.
USA: January-September and September alone beer shipments decrease in the US
...Click here
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Japan: Kirin Holdings reports lower earnings for the first nine months of the year
...Click here
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Zimbabwe: Delta Corporation delivers strong performance for six months ended September 30
...Click here
|
World: World barley trade forecast slightly down in USDA’s November report
...Click here
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EU & UK: Barley situation much tighter with production 4-5 mln tonnes smaller than last two crops
...Click here
|
Canada: Barley crop forecast slightly up to 8 mln tonnes
...Click here
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Canada & China: Canadian malting barley varieties tested in China
...Click here
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Ethiopia: Ethiopia achieves self-sufficiency in malting barley
...Click here
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Luxembourg: Heineken successfully places EUR600 mln of 3-year Notes
...Click here
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South Korea: Hitejinro Co. raises its soju and beer prices by about 7%
...Click here
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Saudi Arabia: Saudi Arabia shifts from importing barley as a result of declining corn prices
...Click here
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Graph of the week
Table of the week
EU Barley Supply & Demand Forecast
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
09 November
1731 - Benjamin Banneker, the brilliant African-American mathematician and inventor, is born on a farm in Ellicott's Mills, Md
1801 - Gail Borden, Jr. is born to Gail and Philadelphia Borden in Norwich. After a decade of constant experimentation with preserving food, Borden is awarded is awarded a U.S. patent for condensed milk in 1856
10 November
1544 - Antwerps painter John Matsys banished
1891 - Granville T. Woods patents electric railway
1951 - 1st long distance telephone call without operator assistance
1997 - WorldCom and MCI Communications announce a $37 billion merger (the largest merger in US history at the time)
11 November
1493 - Columbus discovers Saba
1925 - Robert Millikan announces discovery of cosmic rays
1988 - Oldest known insect fossils (390 million years) reported in Science
1993 - Bill Gates buys Leonardo da Vinci's "Codex" for $30,800,000
12 November
1765 - Robert Fulton is born. He invents the world's first practical steamboat in 1807, and for the first time humans can safely travel substantial distances without relying on animals or wind
Agenda
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)
13 - 14: BeerX 2024 (Liverpool, UK)
22 - 23: InnBrew 2024 (Barcelona, Spain)
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)
24 - 24: World Beer Cup 2024 (Las Vegas, USA)
May 2024:
20 - 26: Budapest Beer Week 2024 (Budapest, Hungary)
24 - 26: Cerveza Mexico Expo 2024 (Guadalajara, Mexico)
24 - 26: Mondial de la Biere 2024 (Montreal, Canada)
26 - 30: The Brewers of Europe Forum 2024 (Lille, France)
30 - 01 June: Craft Beer China 2024 (Shanghai, China)
June 2024:
06 - 09: Wiener Bierfest 2024 (Vienna, Austria)
11 - 13: Brasil Brau 2024 (Sao Paulo, Brazil)
August 2024:
08 - 10: VIETFOOD & BEVERAGE - VIETNAM 2024 (Saigon Exhibitions and Conventions Center, 799 Nguyen Van Linh Street, District 7, HoChiMinh City, Vietnam)
September 2024:
14 - 15: Bruges Beer Festival 2024 (Bruges, Belgium)
Brewery News
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USA: January-September and September alone beer shipments decrease in the US
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The Beer Institute published on November 8 an unofficial estimate of domestic tax paid shipments by beer brewers for September 2023.
The September 2023 estimate is 13,200,000 barrels, a decrease of 7.4% compared to September 2022 removals of 14,256,962.
Year-to-date shipments are seen at 117.16 mln barrels, down 6.5% versus January-September last year.
The October 2023 domestic tax paid estimate is scheduled to be released on December 7, 2023.
The Beer Institute is a national trade association for the American brewing industry, representing brewers, beer importers and industry suppliers—an industry that supports nearly 2.4 million jobs and provides more than $409 billion to the American economy.
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Japan: Kirin Holdings reports lower earnings for the first nine months of the year
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Japanese beverage and pharma company Kirin Holdings Company, Ltd. on November 8 reported lower earnings for the first nine months of the year, particularly
...More info on site
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Zimbabwe: Delta Corporation delivers strong performance for six months ended September 30
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Delta Corporation, Zimbabwe’s largest beverages maker, delivered a strong performance for the six months ended September 30, 2023, after recording volume growth across business
...More info on site
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Luxembourg: Heineken successfully places EUR600 mln of 3-year Notes
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Heineken N.V. announced on November 8 that it has successfully placed €600 million of 3-year Notes with a coupon of 3.625%.
The Notes will be issued under the Company's Euro Medium Term Note Programme and will be listed on the Luxembourg Stock Exchange.
The proceeds from the Notes issuance will be used for general corporate purposes, including debt repayments. The maturity date of the Notes is 15 November 2026.
Barclays, BNP Paribas, HSBC, Rabobank and Santander acted as active book runners.
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South Korea: Hitejinro Co. raises its soju and beer prices by about 7%
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Hitejinro Co., South Korea's leading beverage company, has raised its soju and beer product prices by about 7 percent to reflect higher raw material and manufacturing costs, Yonhap News reported on November 9.
Hitejinro raised Chamisul soju prices by 6.95 percent and Hite, Terra and Kelly beer prices by 6.8 percent Thursday due to sharply increased ethyl alcohol and bottle prices, the company said in a statement.
Prices of ethyl alcohol called "jujeong" jumped by more than 10 percent in April, and bottle prices have recently soared by 20 percent. Soju is a distilled liquor made of ethyl alcohol and water, with the addition of sweeteners.
But the company didn't raise the price of 500-milliliter cans of beer.
Last month, Oriental Brewery Co., Hitejinro's competitor, raised the prices of beer by 6.9 percent for the same reasons.
Hitejinro produces 100 percent of its soju products at its domestic plants. It earns 10 percent of its total sales from exports of soju; "makgeolli," Korean rice wine; and other liquors. Soju accounts for 80 percent of the exports.
lts soju products are sold under the flagship Jinro brand overseas, while two soju brands, Chamisul and Jinro, are sold domestically. Its beer is available globally under the brands of
...More info on site
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Barley News
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World: World barley trade forecast slightly down in USDA’s November report
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World barley trade forecast for 2023-24 is slightly reduced in USDA’s latest report this month: 26.946 mln tonnes vs the October forecast of 26.971
...More info on site
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EU & UK: Barley situation much tighter with production 4-5 mln tonnes smaller than last two crops
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From an overall supply and demand perspective, the EU27+UK barley situation is static, with a crop estimate at 54.46 mln tonnes, RMI Analytics said
...More info on site
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Canada: Barley crop forecast slightly up to 8 mln tonnes
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RMI Analytics said in their latest report their barley crop estimate for Canada is raised slightly to 8 mln tonnes, with final harvest results
...More info on site
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Canada & China: Canadian malting barley varieties tested in China
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Commercial malting and brewing trials in China are paving the way for the adoption of better performing varieties in Canada, the Western Producer reported on November 9 citing an industry official.
The Canadian Malting Barley Technical Centre (CMBTC) has been facilitating the shipment of container loads of new malting barley varieties to Chinese maltsters since 2017.
Those shipments are used in commercial production trials typically involving between 100 and 400 tonnes of the new varieties. A shipment usually contains enough barley to conduct at least two trials.
“This has proven to be very popular with the Chinese,” said CMBTC managing director Peter Watts.
“They really appreciate it.”
Chinese maltsters are reluctant to change varieties.
“They like what they know,” he said.
It is a challenge to convince them to “test-drive” new varieties.
“What we argue and explain to the end users is that in order for barley to be a competitive cropping option for Canadian farmers, we need to get these new varieties accepted,” said Watts.
Barley has to compete with the new high-yielding wheat varieties and also offer growers better disease packages and lodging resistance.
CMBTC was already supplying international customers with malting performance data from its Western Canadian Field Trials as well as two-to-three-kilogram samples of new varieties
...More info on site
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Ethiopia: Ethiopia achieves self-sufficiency in malting barley
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Ethiopia has achieved self-sufficiency in malting barley that it had been importing for years to meet the demands of the brewing industry, Industrial Parks Development Corporation (IPDC) disclosed, allAfrica.com reported on November 9.
Reports show that the country had been spending millions of USD to import 70 percent of the cereals required by its breweries. Ethiopia has stopped importing barley thanks to the government's efforts that enabled the nation to become self-sufficient with adequate local products, said Fitsum Ketema, Chief of Staff and Transformation Head of IPDC.
According to him, a malting barley producing company which operates at Bole Lemmi Industry Park has contributed to the barley production growth by supporting over 60,000 smallholder farmers to have direct access to the market. Such market linkage is being facilitated in Debre Berhan and Jimma agro processing industries, as to Fitsum.
He added that the country is also working on market integration for the trade-off between farmers and buyers in more agricultural products. Many industrial parks have been working on increasing the volume and variety of their products to alleviate the effects of the termination of Ethiopia from AGOA benefits, he noted.
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Australia: Barley exports up 40% in September
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Australia exported 5.77 million tonnes (Mt) of feed barley, 1.15Mt of malting barley and 2.81Mt of sorghum in the year to 30 September 2023, according to the latest data from the Australian Bureau of Statistics.
Combined malting and feed barley exports for September at 485,859t were up 40 percent from 346,213t shipped in August, a hefty upswing unusual for the last month of the marketing year prompted by China’s return to the market.
September figures showed a strong month for barley exports.
“We’ve seen the Chinese shipping program pick up as per our expectations,” Flexi Grain pool manager Sam Roache said.
“We note a significant jump in malting barley exports to China, but this is misleading, with most of the shipments being feed barley.
“We expect barley shipments to ramp up further in October and November, and by December we should be up around the 1Mt-per-month mark.
“Overall, we expect around 3Mt plus has been sold to China since August, with this being over half of our expected exports for the entire shipping year to October 2024.”
“That is a very aggressively sold program and we continue to see that aggressive buying from China in the market today, which is great for Australian barley growers.”
For the year
...More info on site
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Saudi Arabia: Saudi Arabia shifts from importing barley as a result of declining corn prices
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Since 1978/79, Saudi Arabia’s primary feed grain import has been barley, imports of which peaked at more than 10.0 million tons in 2015/16. However, as of September 2023, Saudi Arabia has imported nearly 3.3 million tons of corn, while importing only 3.1 million tons of barley. The shift from barley to corn is a result of declining corn prices, higher demand for processed feeds, and lower global barley supplies, USDA said in its November report.
Over the past year, larger exportable corn supplies led to falling prices for imported corn. Per FAS/Riyadh, cost and freight (CFR) prices for Saudi Arabia corn imports have fallen $60 to $240/ton, while CFR prices for barley have moderated less significantly, hovering around $250/ton. Combined with a declining portion of feed import costs being met by monthly government cash payouts, corn has become a cost attractive option for feed buyers. Locally processed feed using corn can be as much as 35 percent cheaper than imported grain barley.
Additionally, shifting demand drivers within Saudi Arabia support higher imports of corn over barley. Most growth in feed demand is from an expanding poultry industry. Major poultry producers such as Almarai have invested $1.8 billion to double poultry production by
...More info on site
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