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E-Malt.com Flash 02b
January 11 - January 14, 2024
Quote of the Week
Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence.
Helen Keller
Currency Rates
Base Currency: Euro
on January 12, 2024 |
Base Currency: US Dollar
on January 12, 2024 |
| |
1 EUR = 1.0970 USD
1 EUR = 0.8603 GBP
1 EUR = 1.4680 CAD
1 EUR = 1.6379 AUD
1 EUR = 159.6650 JPY
1 EUR = 5.3570 BRL
1 EUR = 97.9526 RUB
1 EUR = 7.7877 CNY
|
|
1 USD = 0.9115 EUR
1 USD = 0.7842 GBP
1 USD = 1.3383 CAD
1 USD = 1.4930 AUD
1 USD = 145.5430 JPY
1 USD = 4.8835 BRL
1 USD = 89.2944 RUB
1 USD = 7.0994 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| January 12, 2024 |
French Barley/Malt
Crop 2023
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
295.00-297.00 |  |
| 6RW Malting Barley (FOB Creil) |
204.00-206.00 | |
Feed Barley (FOB Creil) |
188.00-190.00 | |
| 2RS Malt (FOB Antwerp) |
643.00-645.00 | |
| 6RW Malt (FOB Antwerp) |
679.00-681.00 | |
French Barley/Malt
Crop 2024
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
263.00-265.00 | |
| 6RW Malting Barley (FOB Creil) |
228.00-230.00 | |
| 2RS Malt (FOB Antwerp) |
612.50-614.50 | |
| 6RW Malt (FOB Antwerp) |
569.50-571.50 | |
German Malting Barley
Crop 2023
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
306.50-308.50 |  1.29% |
 No change;
 Price increase;
 Price decrease versus last publication.
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Click here to see our Market Prices History.
World: Beer industry should prove resilient through supply chain challenges, AB InBev CEO says
...Click here
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Sri Lanka: Distilleries Company acquires Heineken’s Lankan business
...Click here
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EU & UK: Malting barley premium remains extremely wide in crop 2023 but crop 2024 sees dramatic reduction
...Click here
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Canada: Increased barley crop forecast now absorbed within market, analysts say
...Click here
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The Czech Republic: Budějovický Budvar brews record volume in 2023, expects record sales too
...Click here
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Thailand: ThaiBev revamps management to boost operating efficiencies
...Click here
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France: Beam Suntory France officially begins operations
...Click here
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Graph of the week
Table of the week
World Hop Alpha Supply and Demand
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
11 January
1757 - Alexander Hamilton, future U.S. Secretary of the Treasury and founder of the American financial system, is born on the Caribbean island of Nevis
1759 - 1st American life insurance company incorporated, Philadelphia
1873 - 1st livestock market newspaper published, Drover's Journal, Chicago
12 January
1914 - Henry Ford announces that he will share the Ford Motor Co.'s profits with its workers by raising wages from $2.34 for a nine-hour day to $5.00 for an eight-hour day
1970 - Boeing 747 makes its maiden voyage
1975 - Chrysler Corp offers 1st car rebates
13 January
1785 - John Walter publishes 1st issue of London Times
1942 - Henry Ford patents a method of constructing plastic auto bodies
14 January
1914 - Henry Ford introduces assembly line, for T-Fords
1935 - Oil pipeline Iraq-Mediterranean goes into use
1985 - British pound (£) sinks to record low-$1.11
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:
05 - 08: The 12th RMI Conference (Rome, Italy)
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)
17 - 20: World Brewing Congress 2024 (Minneapolis, Minnesota)
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)
28 - 31: China Brew 2024 China Beverage 2024 (Shanghai, China)
November 2024:
26 - 28: Brau Beviale 2024 (Nuremberg, Germany)
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Brewery News
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World: Beer industry should prove resilient through supply chain challenges, AB InBev CEO says
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The beer industry should prove resilient through looming supply chain challenges that look set to impact some markets, the chief executive of Budweiser owner
...More info on site
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World: Diageo downgraded from ‘buy’ to ‘neutral’
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Diageo PLC, the spirits company, has been downgraded from a ‘buy’ to ‘neutral’ by analysts at the Bank of America, Proactive Investors reported on
...More info on site
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Sri Lanka: Distilleries Company acquires Heineken’s Lankan business
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Business tycoon Harry Jayawardena-controlled Distilleries Company of Sri Lanka (DCSL) has acquired the local operations of global beer giant Heineken for Euro 12 million or over Rs. 4.2 billion, the Daily FT reported on January 12.
In a disclosure to the Colombo Stock Exchange, DCSL said it acquired 99.4% of the issued capital of Heineken Lanka Ltd., from Heineken Asia Pacific Pte. Ltd. (Heineken) for a total consideration of Euro 12 million. With this acquisition, Heineken Lanka Ltd., will change its name to DCSL Breweries Lanka Ltd. to reflect the new ownership.
The company will continue brewing beer under world-renowned international brands such as Heineken, Tiger, and Anchor under a Trademark Licence Agreement signed with the Heineken Company. It will also continue to brew its own brand, Bison beer.
“This acquisition and the continued production of world-renowned Heineken brands under license will ensure that consumers can continue to enjoy these brands,” DCSL said.
It also said the DCSL Group, a pioneer in the liquor industry in Sri Lanka with well over a century of producing quality products, will now add beer to its diverse product portfolio.
The impending deal was first announced by DCSL in November last year.
Fitch Ratings in November said Heineken
...More info on site
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The Czech Republic: Budějovický Budvar brews record volume in 2023, expects record sales too
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Budějovický Budvar brewed a record 1.865 million hectolitres of beer last year, up 4.3 percent year-on-year, the head of the brewery Petr Dvořák told the ctk news agency.
The brewery expects record sales of more than CZK 3 billion in 2023, Dvořák said.
This year, Budvar is planning to spend CZK 60 million to expand its capacity to gradually increase production to 2.1 million hectolitres.
In 2026, it plans to start upgrading its visitor center and grounds at a cost of hundreds of millions.
Budvar raised the price of its beers between 5 and 8 percent at the end of last year, and says it is not planning a further increase this year.
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Thailand: ThaiBev revamps management to boost operating efficiencies
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Thai Beverage—controlled by billionaire Charoen Sirivadhanabhakdi—has revamped its management to boost operating efficiencies as the maker of Chang beer expands across Southeast Asia, Forbes reported on January 11.
The company said it has named Thapana Sirivadhanabhakdi, son of ThaiBev’s founder and chairman, as group CEO and first vice chairman. Kosit Suksingha has been appointed president and chief operating officer overseeing the group’s Thai businesses, while Prapakon Thongtheppairot assumes the role of president and group chief operating officer managing international operations. Both executives will report to Thapana.
The changes, which will take effect on June 27, will help enhance operational synergies across its key Southeast Asia markets, comprising Thailand, Vietnam, Myanmar, Malaysia and Singapore, the Bangkok-based company said in a regulatory filing. The revamp will also “expedite business development and investment in new markets to support growth of our regional brand portfolio,” it added.
ThaiBev said it has also been leveraging technology to boost its competitiveness and operational efficiencies. “We deployed artificial intelligence and analytics in our value chain and analyzed data gathered to generate insights that helped enhance our distribution network,” Charoen, 79, said in the company’s latest annual report published earlier this week. “We also rolled out automation and robotics in production
...More info on site
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Barley News
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World: Global barley prices weaker in early 2024
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The early start to 2024 is weaker for global barley prices, as the weight of southern hemisphere and a weak demand environment pressure prices,
...More info on site
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EU & UK: Malting barley premium remains extremely wide in crop 2023 but crop 2024 sees dramatic reduction
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French malting barley prices are mostly unchanged for crops 2023 and 2024, RMI Analytics said in their early January report.
While the malting premium remains
...More info on site
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Canada: Increased barley crop forecast now absorbed within market, analysts say
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In December, the increase in Canada barley crop forecast to 8.85 mln tonnes was established and this better yield result has now been absorbed
...More info on site
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Whisky News
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France: Beam Suntory France officially begins operations
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Beam Suntory France has officially begun operations and is directly responsible for the marketing and distribution of its portfolio in France.
According to the company, the establishment of Beam Suntory France will support its global strategic focus on building its premium portfolio and strengthen its position in the European market.
Anne Miller, general manager of Beam Suntory France, said: “We want to be the leader in premium whisky in France, and we are proud to be able to bring legendary brands like Yamazaki, Hibiki, Laphroaig, Bowmore and Maker’s Mark directly to our customers. We have built a strong, experienced team in Paris, and we are looking forward to building a successful premium business together.
“Paris is a global luxury capital and France is the leading whisky market in Europe. With direct control over our brands in our market, we’ll be able to bring even more value to our customers, operate with greater agility and direct market insights, and ultimately accelerate growth and build brand power in this important market.”
Beam Suntory France now comprises a team of approximately 30 people across sales, marketing, finance and supply chain.
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