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E-Malt.com Flash 10a
March 04 - March 06, 2024
Quote of the Week
You can control two things: your work ethic and your attitude about anything.
Ali Krieger
Currency Rates
Base Currency: Euro
on March 06, 2024 |
Base Currency: US Dollar
on March 06, 2024 |
| |
1 EUR = 1.0853 USD
1 EUR = 0.8549 GBP
1 EUR = 1.4743 CAD
1 EUR = 1.6697 AUD
1 EUR = 163.0740 JPY
1 EUR = 5.3707 BRL
1 EUR = 98.9778 RUB
1 EUR = 7.8108 CNY
|
|
1 USD = 0.9213 EUR
1 USD = 0.7877 GBP
1 USD = 1.3584 CAD
1 USD = 1.5384 AUD
1 USD = 150.2530 JPY
1 USD = 4.9487 BRL
1 USD = 91.2014 RUB
1 USD = 7.1971 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| March 06, 2024 |
French Barley/Malt
Crop 2023
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
258.00-260.00 |  |
| 6RW Malting Barley (FOB Creil) |
182.00-184.00 | |
Feed Barley (FOB Creil) |
169.00-171.00 | |
| 2RS Malt (FOB Antwerp) |
599.00-601.00 | |
| 6RW Malt (FOB Antwerp) |
635.00-637.00 | |
French Barley/Malt
Crop 2024
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
244.00-246.00 | |
| 6RW Malting Barley (FOB Creil) |
209.00-211.00 | |
| 2RS Malt (FOB Antwerp) |
589.00-591.00 | |
| 6RW Malt (FOB Antwerp) |
546.00-548.00 | |
German Malting Barley
Crop 2023
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
nq | |
 No change;
 Price increase;
 Price decrease versus last publication.
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Click here to see our Market Prices History.
Canada: Study shows decline in beer consumption since cannabis legalization in 2018
...Click here
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Panama: Beer production registers significant increase in 2023
...Click here
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USA: Demand for craft beer slow from distributors, report says
...Click here
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Australia: Farmers seeing good off-farm movement for barley thanks to strong exports to China
...Click here
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Australia: Barley crop officially estimated at 10.8 mln tonnes
...Click here
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Canada: Barley crop 2023 provides more than enough selectable malting barley
...Click here
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Vietnam: Vietnam halts mixed tax proposal on beer, alcohol
...Click here
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Kazakhstan & Russia: Carlsberg's unit in Kazakhstan appeals Russian court ban on Baltika sales
...Click here
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Kazakhstan: Barley and wheat production 2023-24 expected to go down due to unfavourable weather
...Click here
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Australia: Craft beer industry in trouble after ‘alarming rate’ of closures
...Click here
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Canada: Building of Diageo’s new distillery not yet started
...Click here
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Belgium & USA: Ransomware forces Duvel Moortgat to halt production
...Click here
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USA: AB InBev reaches agreement with Teamsters union in the US
...Click here
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Graph of the week
Table of the week
World Use of Hops and Hop Products 1997 - 2023s
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
04 March
1902 - American Automobile Association, AAA, founded in Chicago
1977 - 1st CRAY 1 supercomputer shipped, to Los Alamos Laboratories, New Mexico
1991 - Bank of Credit and Commerce International divests itself of 1st American Bank
05 March
1558 - Smoking tobacco introduced in Europe by Francisco Fernandes
1868 - Stapler patented in England by C. H. Gould
1924 - Computing-Tabulating-Recording Corp becomes IBM
06 March
1899 - "Asprin" patented by Felix Hoffmann
1926 - Alan Greenspan, future chairman of the Federal Reserve, is born in New York City
1959 - At a press conference in New York City, Texas Instruments executives demonstrate a new device invented by one of the company's top engineers, Jack S. Kilby - the "integrated circuit"
Agenda
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 - 24: St Malo Craft Beer Expo 2024 (St Malo, France)
22 - 23: InnBrew 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)
March 2025:
03 - 07: IBD Asia Pacific Convention 2025 (Hobart, Tasmania)
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Brewery News
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Poland: Beer sales drop 6.9% in 2023
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In 2023, Poland’s beer sales registered a decline of 6.9%, which means the population bought 400 mln bottles and 0.5 litre cans of beer
...More info on site
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Canada: Study shows decline in beer consumption since cannabis legalization in 2018
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A study conducted in Canada and recently published in the journal Drug and Alcohol Dependence shows that beer sales have declined since legalization began
...More info on site
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Panama: Beer production registers significant increase in 2023
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According to data from the National Institute of Statistics, the production and consumption of beer, rum and vodka were the liquors that registered the
...More info on site
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USA: Demand for craft beer slow from distributors, report says
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Craft as a category will have its challenges in 2024 — especially in packaged formats on the store shelf and on tap at third-party
...More info on site
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Vietnam: Vietnam halts mixed tax proposal on beer, alcohol
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In a significant shift, the Vietnamese Government has decided against implementing a mixed tax regime on beer and alcohol products, adhering to WTO commitments and the Prime Minister-approved tax system reform strategy. This move, detailed in Resolution No 25/NQ-CP, aligns with the broader aims of the amended Law on Special Consumption Tax, BNN Breaking reported on March 3.
Following concerns from businesses and experts over the proposed tax calculation method changes, the Government's decision has been widely welcomed. The proposed amendments had sparked a debate on the most equitable and effective tax structure for beer and alcohol products, with the absolute tax method previously favored for its simplicity. However, this method's inability to adjust to market fluctuations posed significant challenges, particularly for Vietnamese beer producers who dominate the lower-priced segments of the market.
The resolution to maintain the current tax calculation method means that the beverage industry can avoid the potential upheaval associated with transitioning to a mixed or absolute tax regime. This decision is particularly crucial for local beer producers, who faced the prospect of increased production costs and reduced competitiveness. Moreover, the mixed tax regime would have disproportionately affected low-income consumers by elevating taxes on popular beer varieties, further
...More info on site
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UK: Asahi closing Meantime Brewery in Greenwich
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Asahi is closing Meantime Brewery in Greenwich and will move brewing of its Meantime and Dark Star beers to its Fuller’s site in Chiswick, The Drinks Business Review reported on March 6.
Speaking about the decision, a spokesperson for Asahi said: “Asahi UK today proposes to bring production of all its local beer brands together under one brewing operation at the Griffin Brewery in Chiswick. Under the proposal, all Meantime and Dark Star products will be brewed, packaged, and distributed from the historic site in West London, alongside the existing production of the complete Fuller’s beer portfolio.”
The spokesperson highlighted that “beer has been brewed on the original Chiswick site since the 17th century” and insisted that “the addition of Meantime and Dark Star to the site will be mutually beneficial to both the Chiswick site and all the brands produced there”.
According to the company, the decision was made due to factors such as “leveraging extensive in-house brewing expertise and capabilities across an expansive range of beer styles” as well as the move being a bid to help “support a commitment to the growth potential of Asahi’s full UK beer brand portfolio – by creating more efficient, sustainable operations, with a solid
...More info on site
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Kazakhstan & Russia: Carlsberg's unit in Kazakhstan appeals Russian court ban on Baltika sales
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Carlsberg's unit in Kazakhstan has filed an appeal with a Russian court after the Danish brewer was banned from selling the Baltika beer brand of its former Russian partner in some international markets, Reuters reported citing court documents.
Moscow took control of Carlsberg's stake in Baltika, Russia's largest brewer, in July 2023 and placed it under "temporary management", prompting Carlsberg Group CEO Jacob Aarup-Andersen to say its business had been stolen.
At the time, Baltika signed agreements transferring trademark rights to Carlsberg entities abroad, without the involvement of the newly-appointed company president Taimuraz Bolloev, the Vedomosti newspaper reported.
On Jan. 24, a court in St Petersburg revoked intellectual property rights for Carlsberg to use Baltika brands in Kazakhstan, Uzbekistan, Kyrgyzstan, Ukraine, Tajikistan, Mongolia and Turkmenistan.
That decision came soon after Baltika's first vice president, Alexander Dedegkaev, had appealed to the Kremlin for help.
Carlsberg Kazakhstan appealed against the court's ruling on March 1, court documents showed.
Carlsberg declined to comment on the court filings.
"We are continuing to take all possible actions, including legal, to protect our employees, assets and operations in response to the presidential decree from 2023," a spokesperson for the company said on March 4.
Carlsberg's unit in Kazakhstan did not immediately respond to requests
...More info on site
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Australia: Craft beer industry in trouble after ‘alarming rate’ of closures
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After a decade-long craft beer boom, more than a dozen independent breweries across Australia have been pushed to the brink of insolvency in the past 12 months, The Sydney Morning Herald reported on March 1.
Some, like Red Lion Brewery in regional Victoria, have shut up shop entirely. Others, like Wayward Brewing Company in Sydney, have pushed on with a restructuring plan, cutting up to a third of their workforce to break even. And still more await their fate, like Melbourne-based brewery Hawkers.
After going into voluntary administration with $1.7 million of unpaid tax debt on February 12, the “fiercely independent” brewery faces a March 6 ASIC hearing to determine its future.
Hawkers co-founder Mazen Hajjar is frustrated as he describes the “all-out assault” on the industry since the end of the pandemic.
Many challenges, like slowed consumer spending (down 10.2 per cent between December and January) and inflated prices for electricity and transportation, are not unique to craft brewers.
“But many are,” Hajjar says. Beyond the rising cost of key ingredients like malt and hops (each up around 50 per cent since 2020), there are costly regulatory requirements and, most significantly, a hefty alcohol (excise) tax which rises bi-annually alongside inflation.
For Hawkers, that means
...More info on site
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Brazil: Beer prices remain more stable in January
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Brazil’s beer prices remained more stable in January than other alcoholic beverages, which saw an increase due to inflation, FreshlyBottled.com reported February 26.
According to the National Statistics Institute (IBGE), the price adjustment was 0.3 percent for drinks consumed at home and generally sold in retail outlets, while outside the home, in establishments such as bars and restaurants, it reached 0.34 percent.
The IBGE highlights that beer inflation was below the National Consumer Price Index (IPCA), which recorded an increase of 0.42 percent in January 2024, regardless of the place of purchase.
However, in Rio de Janeiro, beer recorded the largest price increase in January, due to inflation of 2.8 percent in bars, while São Paulo experienced deflation of 1.83 percent. Retail prices in the Brazilian capital rose by 1.36 percent.
Beer-related inflation in January differed from the behavior of the rest of the beverage sector in general, which rose by 1.38 percent, the largest increase since 2016.
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Belgium & USA: Ransomware forces Duvel Moortgat to halt production
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Belgian brewer Duvel Moortgat fell victim to ransomware, Techzine Europe reported on March 6.
The company subsequently decided to halt production of well-known beer brands such as Duvel, La Chouffe, Liefmans, De Koninck and Maredsous as a precautionary measure. Specifically, this involved four Belgian breweries and a brewery in America, where subsidiary Boulevard Brewing is located.
Duvel Moortgat noticed the ransomware attack during the night of Tuesday, March 5 to Wednesday, March 6. “At 1:30 a.m. last night, we received notification that our servers had been hacked,” said company spokesperson Ellen Aarts. During the hack, cybercriminals encrypted data.
The brewer says it does have the necessary backups in place. Production is, therefore, expected to resume as early as this week. Furthermore, it expects no shortages and therefore, supply will not be compromised: “We still have large stocks of beer.”
The brewer is now investigating the exact extent of the attack. Because even if production can run again through backups, it is important to check whether the hackers were able to steal sensitive information. Duvel Moortgat can then still decide to pay a ransom so that the hackers do not publish the sensitive data. So, paying ransom to resume production appears to be unnecessary
...More info on site
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India: Beer makers rue tax hike in Karnataka
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Karnataka, housing India’s beer capital Bengaluru, has levied two consecutive additional excise duty (AED) hikes on beer over the past seven months. The levy is resulting in consumers shifting to high strength alcohol beverages, industry players rue. Beers makers are demanding state to reconsider the taxation levied on the premium beer segment that contributes more excise revenue to the state, The Hindu Business Line reported on March 5.
The state has recently levied a 10 per cent increase in additional excise duty (AED), raising it from 185 - 195 per cent AED for the beer industry. This adjustment translates to a rise of ₹8-10 per 650 ml bottle of beer. This continuous escalation of taxes to the already elevated cost of beers in Karnataka, is nudging them to cheaper high strength alcohol beverage options, argues the industry.
“The beer industry in Karnataka has witnessed strong double-digit growth in 2023 and despite this, the beer industry witnessed two consecutive tax hikes in the last seven months. Beer in Karnataka is one of the most expensive in the country, shifting consumers towards cheaper high strength alcohol beverage alternatives,” said AB InBev India spokesperson.
The tax levy’s contribution to Karnataka’s revenue has raised from ₹3250 crore
...More info on site
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USA: AB InBev reaches agreement with Teamsters union in the US
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The Teamsters union said on March 5 its members approved a five-year agreement with Anheuser-Busch InBev, ratifying a deal that includes pay hikes and improved healthcare for workers at the brewer's U.S. facilities, Yahoo Finance reported.
Anheuser-Busch InBev and the Teamsters union had reached a tentative agreement last week that averted a strike.
Under the agreement, which covers 5,000 Teamsters working at Anheuser-Busch breweries in the United States, union members will receive wage increases of $8 an hour, including an immediate $4 an hour raise in the first year, the union said.
The contract also includes a $2,500 ratification bonus, increased pension contributions, and restoration of retirement benefits for active and retired members.
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Barley News
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Australia: Farmers seeing good off-farm movement for barley thanks to strong exports to China
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The moisture profile in eastern Australia continues to benefit from considerable rainfall received during the past month, RMI Analytics said in their latest report.
With
...More info on site
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Australia: Barley crop officially estimated at 10.8 mln tonnes
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Australia’s national forecaster has finalised its estimates for the most recent winter-crop harvest, with wheat production seen at 25.96 million tonnes (Mt), barley at
...More info on site
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Canada: Barley crop 2023 provides more than enough selectable malting barley
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At 8.9 mln tonnes, Canada’s crop 2023 provides more than enough selectable malting barley under the current weak demand picture, RMI Analytics said in
...More info on site
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Kazakhstan: Barley and wheat production 2023-24 expected to go down due to unfavourable weather
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June drought followed by excessive rain in fall 2023 in Kazakhstan’s major grain growing region in the north is expected to severely cut the country’s wheat and barley production in marketing year 2023-24, according to the Foreign Agricultural Service (FAS) of the US Department of Agriculture.
In its Feb. 28 Global Agricultural Information Network (GAIN) report, the FAS lowered its wheat 2023-24 harvest estimate for the Central Asian nation to 12.1 million tonnes, down 26% from the previous year’s 16.4 million tonnes. Barley production is forecast at 2.6 million tonnes, a decrease of 20% from 3.3 million tonnes.
“Wheat and barley quality are reported as significantly compromised, leading to a surplus of feed grade grain,” the FAS said. “While strong competition from Russia and lower milling quality has negatively impacted exports of wheat from Kazakhstan, barley exports have been supported by strong feed demand from new market entrant China.”
According to the industry representatives, only 21% of wheat in Kazakhstan from the current year qualifies as food grade, with 29% qualifying as feed grade and half of all wheat tested as nonclass. Barley quality likewise was hurt by the weather, and testing showed higher-than-normal presence of mycotoxins and aflatoxins.
From September to November in
...More info on site
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Whisky News
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Canada: Building of Diageo’s new distillery not yet started
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Building of Diageo's Crown Royal Canadian whisky distillery in St. Clair Township, Ontario, has not yet started, GlobalData reported on March 5.
The beer and spirits giant first announced its plans to build a new facility for the Crown Royal brand in March 2022.
At the time, the company said construction was due to start later that year and would be complete by 2025.
The site however shows no signs of building work having started, according to regional paper, The Sarnia Journal.
Speaking with the publication, the mayor of St. Clair, Jeff Agar, said Diageo executives had told him "three or four months ago" they had needed to draft a new site plan.
"I get asked all the time if they are still coming and they are 100% going to do what they said they are going to do," he said.
John Rodey, the chief administrative officer of St. Clair Township, told the paper officials had told him they intended to start construction in the first half of this year, starting with the building of a 100-square feet barrel storage unit.
He added that St. Clair had received a preliminary design of the site but a final draft had not yet been issued.
When asked by Just Drinks
...More info on site
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