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E-Malt.com Flash 50b
December 14 - December 17, 2023
Quote of the Week
I wish you a merry Christmas and a Happy New Year, with your pockets full of money, and your cellar full of beer.
Old English carol
Currency Rates
Base Currency: Euro
on December 15, 2023 |
Base Currency: US Dollar
on December 15, 2023 |
| |
1 EUR = 1.0939 USD
1 EUR = 0.8616 GBP
1 EUR = 1.4706 CAD
1 EUR = 1.6315 AUD
1 EUR = 155.1390 JPY
1 EUR = 5.3704 BRL
1 EUR = 97.9375 RUB
1 EUR = 7.7460 CNY
|
|
1 USD = 0.9140 EUR
1 USD = 0.7875 GBP
1 USD = 1.3443 CAD
1 USD = 1.4912 AUD
1 USD = 141.8080 JPY
1 USD = 4.9092 BRL
1 USD = 89.5279 RUB
1 USD = 7.0809 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| December 15, 2023 |
French Barley/Malt
Crop 2023
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
297.00-299.00 |  |
| 6RW Malting Barley (FOB Creil) |
210.00-212.00 | |
Feed Barley (FOB Creil) |
194.00-196.00 | |
| 2RS Malt (FOB Antwerp) |
645.50-647.50 | |
| 6RW Malt (FOB Antwerp) |
681.50-683.50 | |
French Barley/Malt
Crop 2024
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
266.00-268.00 | |
| 6RW Malting Barley (FOB Creil) |
226.00-228.00 | |
| 2RS Malt (FOB Antwerp) |
616.00-618.00 | |
| 6RW Malt (FOB Antwerp) |
567.00-569.00 | |
German Malting Barley
Crop 2023
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
312.50-314.50 |  0.67% |
 No change;
 Price increase;
 Price decrease versus last publication.
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Click here to see our Market Prices History.
Japan: Beer and quasi-beer product sales volume up 1% in November
...Click here
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UK: Stouts and low ABV beers leading demand when it comes to trends for the UK's on-trade
...Click here
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World: Final barley crop result to be defined in the next 3-4 weeks
...Click here
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EU & UK: Malting barley premiums remain quite wide in crop 2023
...Click here
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Australia: October malting barley exports down 29% from September
...Click here
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India: Pernod Ricard looking to triple its net sales in Inda
...Click here
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World: Heineken reappoints CEO Dolf van den Brink for next term
...Click here
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Canada, AB: Labatt invests in expansion of its Calgary-based Banded Peak Brewing
...Click here
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Canada, QC: Labatt Breweries invests C$6 mln in Montreal brewery
...Click here
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Graph of the week
Table of the week
Poland Hop Area and Production and Alpha Acid Output 2009-2023(f)
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
14 December
1503 - Nostradamus [Michel de Nostre-Dam] French astrologist/prophet is born
1911 - South Pole 1st reached, by Norwegian Roald Amundsen
1960 - Organization for Economic Cooperation & Development (OECD) forms
1967 - DNA created in a test tube
15 December
1792 - 1st life insurance policy issued in US (Philadelphia)
1832 - Alexandre-Gustave Eiffel, French engineer is born (built Eiffel Tour in Paris)
1854 - 1st street-cleaning machine in U.S. 1st used in Philadelphia
1877 - Thomas Edison patents phonograph
1886 - For the first time, total daily trading volume on the New York Stock Exchange exceeds 1 million shares
16 December
1834 - Leon Walras French economist is born
1905 - Variety, covering all phases of show business, 1st published
1908 - 1st credit union in US forms (Manchester NH)
17 December
1770 - Ludwig Von Beethoven, composer is born in Bonn, Germany
1895 - George Brownell patents a machine to make paper twine (Mass)
1924 - 1st U.S. diesel electric locomotive enters service, Bronx, New York
1964 - Largest newspaper-Sunday NY Times at 946 pages
Agenda
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:
12 - 14: ExpoAntad 2024 (Guadalajara, Mexico)
13 - 15: 108 International Brewing & Engineering Congress 2024 (Groningen, the Netherlands)
13 - 14: BeerX 2024 (Liverpool, UK)
21 - 23: Warsaw Beer Festival 2024 (Warsaw, Poland)
22 - 24: Barcelona Beer Festival 2024 (Barcelona, Spain)
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)
27 - 28: Zythos Beer Festival 2024 (Kortrijk, Belgium)
May 2024:
14 - 16: International Beer Strategies Conference 2024 (Porto, Portugal)
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)
14 - 15: Tallinn Craft Beer Weekend 2024 (Tallinn, Estonia)
August 2024:
08 - 10: VIETFOOD & BEVERAGE - VIETNAM 2024 (Saigon Exhibitions and Conventions Center, 799 Nguyen Van Linh Street, District 7, HoChiMinh City, Vietnam)
23 - 24: Beervana 2024 (Wellington, New Zealand)
September 2024:
14 - 15: Bruges Beer Festival 2024 (Bruges, Belgium)
21 - 06 October: Oktoberfest 2024 (Munich, Germany)
October 2024:
03 - 04: Brew Asia 2024 (Suntec Convention & Exhibition Centre, Singapore)
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Brewery News
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Japan: Beer and quasi-beer product sales volume up 1% in November
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Volume sales of beer and quasi-beer products in Japan in November are estimated to have grown 1 pct from a year earlier, up for
...More info on site
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UK: Stouts and low ABV beers leading demand when it comes to trends for the UK's on-trade
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Stouts and low ABV beers are leading the charge when it comes to trends in beer for the on-trade, according to the Society of Independent Brewers (SIBA).
The group, which represents around 750 independent breweries in the UK, also says allowing beers of 0.5% ABV and below to be labelled as ‘alcohol-free’ – as they are in both the EU and the US – would help smaller breweries to enter the no and low alcohol market.
On trends, SIBA heads of comms and marketing and beer sommelier Neil Walker, says: “Stout really is going from strength right now and there are some superb examples being made by independent breweries across the whole of the UK.
“Our SIBA Craft Beer Report 2023 showed stout as the most brewed beer style among independent craft brewers with a huge 84% making one – up 25% from 2022.”
Walker continued: “Another trend we’re seeing are more and more breweries dipping their toes into the no and low alcohol market, producing either a lower strength table beer – typically between 2.8% and 3.5% – or an alcohol-free beer of between 0% and 0.5%.
“This comes as changes to the Alcohol Duty system in the UK make the tax on these
...More info on site
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World: Heineken reappoints CEO Dolf van den Brink for next term
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Dutch brewing major Heineken N.V. on December 13 said its Supervisory Board has reappointed Dolf van den Brink as Chairman of the Executive Board and Chief Executive Officer, conditional upon his reappointment as member of the Executive Board.
Heineken will nominate den Brink for reappointment as member of the Executive Board at its Annual General Meeting on April 25, 2024. The proposed reappointment is for a four-year term as per June 1, 2024.
Further, the company reappointed Supervisory Board members Jean-Marc Huët as Chairman, as well as Pamela Mars-Wright, both for a period of two years. It has also appointed Peter Wennink as Supervisory Board member and Vice-Chairman, effective from the 2024 AGM for a period of four years.
Van den Brink was initially appointed as Chairman and CEO on June 1, 2020, following a 22-year career at the company.
Jean-Marc Huet said, "Under his leadership, the EverGreen strategy was successfully launched to evolve the business and to deliver superior and balanced growth, with customers and consumers at the core. Dolf has built a strong leadership team and has accelerated the growth and development of HEINEKEN."
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Canada, AB: Labatt invests in expansion of its Calgary-based Banded Peak Brewing
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Labatt Breweries has invested US$9.6 million into funding the expansion of its Calgary-based Banded Peak Brewing, The Drinks Business reported on December 15.
Canadian brewing giant Labatt bought Banded Peak back in 2020, but this marks its first wave of support for the brewery which has gained a new a state-of-the-art lab along with more than 7,000 square feet to its original 4,800 square foot space.
According to the company, the investment from Labatt has also funded a bulk grain silo on site in a bid to reduce plastic use in malt shipping as well as coveted the costs of upgraded brewing equipment.
During the expansion, the brewery’s current team has grown by 68%, creating new jobs for front of house, logistics and brewery operations.
Banded Peak Brewing co-founder Colin McLean said: “We’re thrilled that this investment will allow us to continue bringing Calgarians more selections from Banded Peak.“
McLean explained: “This investment cements the fact that we are steadfast in our commitment to producing our beer locally, with new jobs, local ingredients and the type of innovation that continues to make Calgary a great place to live – and work.”
Labatt Breweries of Canada vice president, craft and high end Chad Patterson added: “We’re proud
...More info on site
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Canada, QC: Labatt Breweries invests C$6 mln in Montreal brewery
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Labatt Breweries of Canada is investing C$6 million in heat recovery and energy productivity innovation in its Montreal brewery—an enhancement contributing significantly towards the decarbonization of the brewing process through reduced energy consumption and greenhouse gas emissions.
The project will have a significant impact on the energy infrastructure of the plant, including reducing greenhouse gas emissions by 30%, optimizing existing energy infrastructure, and creating scalable solutions for future innovations in the brewery.
"Through this investment and working closely with project partners, we've taken significant steps toward decarbonizing our Montreal brewery," said Sarah Genetti, Vice-President of Procurement & Sustainability, Labatt Breweries of Canada. "With this progress towards carbon neutrality in our Montreal operations, we are another step closer to achieving our ambition of net zero by 2040 across all Labatt breweries coast to coast."
The new heat recovery system will convert previously unused heat expelled from Labatt's refrigeration systems and utilize that heat within the pasteurization process in brewing, in lieu of consuming additional energy to generate the heat needed during pasteurization.
This expenditure comes in conjunction with capital investments in two other Labatt breweries across the country this year—London and St. John's—to fund sustainable packaging innovations and increased production capacity. These investments combined with
...More info on site
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Barley News
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World: Final barley crop result to be defined in the next 3-4 weeks
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As year-end approaches, barley prices are rather quiet, but the underlying barley availability means volatility is not far away, RMI Analytics said in their
...More info on site
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EU & UK: Malting barley premiums remain quite wide in crop 2023
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French prices for malting barley are up slightly for crop 2023, with crop 2024 mostly steady. The demand situation remains poor with malt shipments
...More info on site
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Australia: October malting barley exports down 29% from September
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Australia exported 926,675 tonnes of barley and 42,851t of sorghum in October, according to the latest data from the Australian Bureau of Statistics, Grain Central reported on December 13.
Malting barley exports in October totalled 213,531t, down 29 percent from the 301,810t shipped in September.
Feed barley exports more than doubled to mark the opening month of the shipping year, and totaled 713,144t, up from 342,284t exported in September.
China on 540,251t was the destination for 76pc of Australia’s October feed barley exports, with Japan on 99,597t and The Philippines on 62,621t the other volume buyers.
Sorghum exports dived from 271,593t in September to reflect the rundown on available stocks.
Flexi Grain pool manager Sam Roache said feed barley exports “exploded” in October.
“This was the first month when Chinese export demand was properly reflected on the shipping stem, and there were still some restrictions over total tonnage shipped,” Mr Roache said.
“That’s because many port zones were low on inventory, and were therefore unable to participate until new-crop harvest hits the bins.
“Additionally some other destination business was still being executed including The Philippines, which must be from prior to the China tariff removal as it doesn’t price well now.”
Mr Roache said there was more upside to
...More info on site
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Whisky News
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India: Pernod Ricard looking to triple its net sales in Inda
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Pernod Ricard, the world’s second-largest spirits company, is looking to triple its net sales in India over the coming decade as consumers shift from country liquor to its brand of whiskies, and as greater premiumisation drives demand for its imported scotch, its chief executive for India Jean Touboul said.
“India is one of the key markets for Pernod Ricard Group, actually the second by net sales. That’s already critical because of the size and growth profile of the market. There are a lot of tailwinds, from macro-economic factors to the country’s demographics. We need to deliver low-double-digit growth on net sales annually, which is consistent with our vision to triple net sales in India in the coming decade," Touboul was quoted as saying by the Mint on December 13.
Pernod Ricard India sells brands such as Royal Stag, Blenders Pride and 100 Pipers, apart from premium international brands such as Chivas Regal, Ballantine’s, Glenlivet and Jameson Irish Whiskey, among others. In India it competes with Diageo, the world's largest spirits company.
In fiscal year 2023, India surpassed China to become the second-largest market by net sales for the French spirits company. The
...More info on site
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China: Pernod Ricard releases first China whisky
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Pernod Ricard SA launched its first China-made whisky as the alcohol giant looks to tap rising local demand for premium liquor despite the country’s sluggish economic recovery, The Edge Malaysia reported on December 12.
The Chuan Pure Malt Whisky, made in the Paris-based firm’s Mount Emei distillery in Sichuan province, will commence sales on December 13, chief executive officer Alexandre Ricard told reporters during a tour of the facility on December 12.
The spirit will initially retail at 888 yuan (RM579.93) per 700 millilitre bottle through Pernod’s key distributors in China and it will later be available on e-commerce platforms. Pernod will also sell two other types of whisky exclusively in the distillery’s retail store for 1,199 yuan and 1,488 yuan respectively. No exact time table was disclosed for when Pernod plans to make The Chaun available outside of China.
Global booze giants from Pernod to Diageo plc are doubling down on efforts to court drinkers in Asia, especially China and India, after the region overtook the European Union last year to become the biggest buyer in the US$7.5 billion (RM35 billion) Scotch whisky export market. In the first half of this year, six of the 10 largest export destinations for the vaunted
...More info on site
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