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E-Malt.com Flash 08b
February 22 - February 25, 2024
Quote of the Week
Just one small positive thought in the morning can change your whole day.
Dalai Lama
Currency Rates
Base Currency: Euro
on February 23, 2024 |
Base Currency: US Dollar
on February 23, 2024 |
| |
1 EUR = 1.0831 USD
1 EUR = 0.8559 GBP
1 EUR = 1.4599 CAD
1 EUR = 1.6507 AUD
1 EUR = 162.9010 JPY
1 EUR = 5.3518 BRL
1 EUR = 99.7455 RUB
1 EUR = 7.7891 CNY
|
|
1 USD = 0.9231 EUR
1 USD = 0.7902 GBP
1 USD = 1.3479 CAD
1 USD = 1.5239 AUD
1 USD = 150.3870 JPY
1 USD = 4.9411 BRL
1 USD = 92.0918 RUB
1 USD = 7.1914 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| February 23, 2024 |
French Barley/Malt
Crop 2023
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
257.00-259.00 |  |
| 6RW Malting Barley (FOB Creil) |
182.00-184.00 | |
Feed Barley (FOB Creil) |
168.00-170.00 | |
| 2RS Malt (FOB Antwerp) |
597.50-599.50 | |
| 6RW Malt (FOB Antwerp) |
633.50-635.50 | |
French Barley/Malt
Crop 2024
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
229.00-231.00 | |
| 6RW Malting Barley (FOB Creil) |
205.00-207.00 | |
| 2RS Malt (FOB Antwerp) |
570.50-572.50 | |
| 6RW Malt (FOB Antwerp) |
541.00-543.00 | |
German Malting Barley
Crop 2023
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
278.50-280.50 |  2.56% |
 No change;
 Price increase;
 Price decrease versus last publication.
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Click here to see our Market Prices History.
Japan: Asahi hopes massive group restructure will enhance advantages across four key markets
...Click here
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Austria: Brewers Association reports satisfactory sector results in 2023
...Click here
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UK: New project aims at boosting UK hop industry and creating environmentally resilient varieites
...Click here
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USA: On-premise beer sales soar during this year’s Super Bowl
...Click here
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Ireland: Malting barley in demand for Irish drinks industry
...Click here
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USA: On-premise beer sales soar during this year’s Super Bowl
...Click here
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Canada: Feed barley bids remain under pressure in Western Canada
...Click here
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South Korea: Diageo, Heineken slash Korean workforces
...Click here
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Graph of the week
Table of the week
Canada Malt Exports and Imports 2012 - 2023
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
22 February
1923 - Transcontinental airmail service begins
1989 - New York Lotto pays $26.9 million to one winner
2006 - Apple's iTunes store sells its 1 billionth song
23 February
1886 - Aluminum manufacturing process developed
1886 - London Times publishes world's 1st classified ad
1965 - Michael Dell is born. He later drops out of the University of Texas at Austin to found Dell Computer Corp. with the radical idea of assembling made-to-order computers
24 February
1921 - 1st transcontinental flight in 24 hours flying time
1986 - Texas Air buys Eastern Airlines for $676 million
1995 - Dow-Jones hits record 4011.74
25 February
1791 - 1st Bank of U.S. chartered
1837 - 1st U.S. electric printing press patented by Thomas Davenport
1862 - Paper currency introduced in U.S. by President Abraham Lincoln
Agenda
February 2024:
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 - 23: InnBrew 2024 (Barcelona, Spain)
22 - 24: St Malo Craft Beer Expo 2024 (St Malo, France)
22 - 24: Barcelona Beer Festival 2024 (Barcelona, Spain)
April 2024:
06 - 08: Planete Biere 2024 (Paris, France)
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:
12 - 14: Stockholm Beer & Whisky Festival 2024 (Stockholm, Sweden)
14 - 15: Bruges Beer Festival 2024 (Bruges, Belgium)
21 - 06 October: Oktoberfest 2024 (Munich, Germany)
28 - 30: Whisky Live Paris 2024 (Paris, France)
October 2024:
03 - 04: Brew Asia 2024 (Suntec Convention & Exhibition Centre, Singapore)
23 - 25: Drink Technology India 2024 (Bombay Exhibition Centre, Mumbai, India)
28 - 31: China Brew 2024 China Beverage 2024 (Shanghai, China)
November 2024:
22 - 22: Drink Japan 2024 (Makuhari Messe, Japan)
26 - 28: Brau Beviale 2024 (Nuremberg, Germany)
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Brewery News
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Japan: Asahi hopes massive group restructure will enhance advantages across four key markets
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Japanese beer giant Asahi is hopeful that its recently-completed large-scale group restructuring strategy to establish individual regional headquarters will maximise its competitive advantages across
...More info on site
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Austria: Brewers Association reports satisfactory sector results in 2023
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Austria’s beer industry recorded a satisfactory result in 2023: total output (including zero-alcohol beer) amounted to 9.98 mln hl, which is close to the
...More info on site
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USA: On-premise beer sales soar during this year’s Super Bowl
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America’s brewers are delighted that on-premise sales soared during this year’s Super Bowl, the biggest single event in the US sporting calendar, The Drinks Business reported on February 22.
Hospitality data platform Union recorded total sales in bars and restaurants were 16% above those on the day of the game compared to a typical day.
That was a six-percentage point increase over the same day in 2023 when they rose by 10% above the norm in restaurants, bars and clubs.
As the most viewed annual broadcast in the US, Super Bowl attracts a huge amount of advertising, especially from alcohol groups promoting their brands to fans throughout the event.
This year the big winner was Constellation Brands’ Corona, which topped the sales league table based on whole-day sales, while Anheuser-Busch InBev’s Michelob Ultra was the best seller during the game itself.
But the event was further bad news for AB InBev’s Bud Light brand which had easily topped the on-premise sales table for the 2023 game.
AB InBev spent heavily on the day to restore Bud Light among fans’ affections after the debacle with transgender influencer Dylan Mulvaney last spring, even harking back to iconic heritage advertising featuring Clydesdale heavy horses.
But the campaign fell flat with
...More info on site
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South Korea: Diageo, Heineken slash Korean workforces
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The Korean units of multinational liquor companies like Diageo are slashing their workforces due to the downturn in a whiskey market that saw a brief rebound during the pandemic, the Korea JoongAng Daily reported on February 22.
Diageo Korea, Korea's leading whiskey importer, is currently rolling out a voluntary retirement program as part of a downsizing effort. The program targets employees with more than 10 years of service. Diageo Korea is offering participants severance pay equivalent to eight to 36 months' salary.
While Diageo Korea frames this initiative as a “voluntary measure to support employees in making suitable career choices,” industry observers perceive it as a response to declining whiskey demand and performance concerns.
Korea's whiskey imports totaled 2,032 tons last month, according to data from the Korea Customs Service, marking a 27.5 percent on-year decrease. Import value also plummeted from $278 million last January to $18.4 million this January.
Experts suggest that the whiskey trend, which surged during the Covid-19 pandemic, has now plateaued. Still, that surge represents a phase of whiskey becoming more mainstream, with consumers diversifying their preferences across various whiskey varieties.
“Amid the Covid-19 pandemic, whiskey experienced a surge in popularity in Korea from late 2022 to
...More info on site
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Barley News
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Ireland: Malting barley in demand for Irish drinks industry
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Ireland’s barley growers have managed to overcome seed supply issues to plant the 300,000t of malting barley needed each year to supply the Irish drinks sector in 2024, attendees at the Teagasc Boortmalt Malting Barley Conference heard on February 20, the Irish Examiner reported.
The tillage sector has known for some time there are issues with barley seed supply in 2024. However, despite this, the malting sector has secured sufficient quantities to grow the required tonnage in 2024.
Eoin McDonald, an agronomist from Cooladine Farms Ltd, said: “The industry moved early to secure seed supplies, and we are confident it is sufficient. However, we are conscious of the overall seed shortage and are encouraging growers to plant in excellent soil conditions to make the most of the available seed.”
Jonathan Roberts, a procurement manager in Boortmalt, told the conference the demand for malting barley is growing every year. Jonathan Roberts said: “The growth in the drinks industry is continuing, and our customers are delighted with the quality of Irish barley”.
However, he added there are sustainability requests coming through the supply chain, particularly around carbon footprinting.
“Consumer demands and corporate responsibility in the area of sustainability, especially around carbon footprinting, is becoming a
...More info on site
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Canada: Feed barley bids remain under pressure in Western Canada
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Feed barley bids in Western Canada remained under pressure in mid-February amid continued imports of corn from the United States and the relatively mild Prairie winter. However, localized spot opportunities do pop up occasionally, Grainews reported on February 22.
Many feedlots continue to work through U.S. corn contracted earlier in the marketing year, but the downtrend in corn futures should keep them looking to extend that coverage. Corn futures at the Chicago Board of Trade hit fresh contract lows on Feb. 22, with prices at their softest levels in over three years.
Meanwhile, barley bids have also trended lower, with average prices also at their lowest levels since December 2020. While bids over C$6.00 per bushel can still be found in southern Alberta, that’s down by about 50 cents over the past month. Meanwhile, average prices are closer to the C$5.00 per bushel or lower in Manitoba and Saskatchewan.
However, an example of pricing opportunities above the average would be some select Olymel facilities in Saskatchewan that recently upped their contracts for Feb-April delivery to C$5.25 to C$5.50 per bushel – well above what the local line companies are offering.
Looking ahead, while the nearby trend remains pointed lower, seasonal price patterns are typically
...More info on site
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Hops News
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UK: New project aims at boosting UK hop industry and creating environmentally resilient varieites
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A pioneering collaborative project between University of Kent researchers and Wye Hops alongside the National Institute of Agricultural Botany (NIAB), the British Hop Association, The Hop Plant Company and LGC genomics has been awarded over half a million pounds to develop environmentally resilient “super hop” varieties, Farming Life reported on February 22.
The £574k five-year project will involve Dr Helen Cockerton, Industrial Research Fellow at the University’s School of Biosciences, working closely with Hop Breeder Dr Klara Hajdu on genetic informed breeding to create hop varieties which are more resilient to drought, pests, and diseases.
Hops give beer its distinct aroma, flavour and bitterness and are an essential ingredient in the UK’s £10 billion brewing industry. The UK was once the leading supplier of the industry’s hops but when lighter Pale Ales and Indian Ales became fashionable in the 1800s, UK growers struggled to compete against foreign competitors, especially when UK hops were falsely purported to be of inferior quality.
There is huge potential for UK-grown hops – of which 50% are grown in county Kent – to regain a leading status within the UK brewing industry but to do so, hop growers need to overcome a series of major challenges. Verticillium wilt,
...More info on site
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Whisky News
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USA: On-premise beer sales soar during this year’s Super Bowl
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The South Korean whiskey market is showing signs of slowing down, leading to restructuring and changes after soaring for nearly three years. The domestic
...More info on site
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