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E-Malt.com Flash 20a
May 13 - May 15, 2024
Quote of the Week
The secret of change is to focus all your energy, not on fighting the old, but on building the new.
Socrates
Currency Rates
Base Currency: Euro
on May 16, 2024 |
Base Currency: US Dollar
on May 16, 2024 |
| |
1 EUR = 1.0847 USD
1 EUR = 0.8586 GBP
1 EUR = 1.4778 CAD
1 EUR = 1.6287 AUD
1 EUR = 168.7510 JPY
1 EUR = 5.5671 BRL
1 EUR = 98.9033 RUB
1 EUR = 7.8322 CNY
|
|
1 USD = 0.9218 EUR
1 USD = 0.7915 GBP
1 USD = 1.3624 CAD
1 USD = 1.5014 AUD
1 USD = 155.5620 JPY
1 USD = 5.1323 BRL
1 USD = 91.1779 RUB
1 USD = 7.2204 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| May 16, 2024 |
French Barley/Malt
Crop 2023
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
343.00-345.00 |  1.47% |
| 6RW Malting Barley (FOB Creil) |
213.00-215.00 | 2.88% |
| 2RS Malt (FOB Antwerp) |
705.00-707.00 | 0.88% |
| 6RW Malt (FOB Antwerp) |
545.00-547.00 | 1.37% |
French Barley/Malt
Crop 2024
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
279.00-281.00 | 0.72% |
| 6RW Malting Barley (FOB Creil) |
256.00-258.00 | 3.63% |
Feed Barley (FOB Creil) |
222.00-224.00 | 2.29% |
| 2RS Malt (FOB Antwerp) |
632.00-634.00 | 0.39% |
| 6RW Malt (FOB Antwerp) |
604.00-606.00 | 1.87% |
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.
Ukraine: Malteries Soufflet’s Ukraine malting business enjoys increased net profit in 2023
...Click here
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World: Asahi Group reports a 'higher than expected' profit increase in both its domestic and European operations in Q1
...Click here
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Thailand & Singapore: ThaiBev’s second-quarter net profit drops 4.9%
...Click here
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Malaysia: Heineken Malaysia Bhd’s net profit up 11.42% in Q1
...Click here
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USA: Lower-than-estimated loss in shelf space now expected for Bud Light during the spring and summer season
...Click here
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Malaysia: Carlsberg Brewery Malaysia sees 3.39% increase in first quarter net profit
...Click here
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World: Barley crop forecast slightly down on weather concerns
...Click here
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Australia: Malting barley prices higher amidst dryness concerns
...Click here
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World: Global barley outlook is for higher production, consumption, and trade in 2024/25
...Click here
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EU & UK: Barley crop planting conditions remain less than ideal across western Europe
...Click here
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Canada: Canada malting barley prices soften as planting advances
...Click here
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Argentina: Barley prices higher, driven by strength in wheat prices globally
...Click here
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Japan: Sales of beer and quasi-beer products up 2% in April
...Click here
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UK: Beer up to an uncertain future as younger generation prefers other drinks
...Click here
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Ukraine: Barley sown on 779,900 hectares as of May 9
...Click here
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Kenya: Relief for beer makers after U-turn on daily tax payments
...Click here
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Australia: Malting barley exports more than double in March this year
...Click here
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Thailand: AB Food & Beverages Thailand and Jebsen & Jessen expand malt distribution in Southeast Asia
...Click here
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Kazakhstan: Barley crop expected to increase this year
...Click here
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Graph of the week
Table of the week
North America's Barley Imports, Production, Consumption, and Ending Stocks
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
14 May
1872 - Metropolitan Gas Company lamps lit for 1st time
1881 - World's 1st elec tram goes into service in Lichterfelder (near Berlin)
1955 - Cold War: Eight Communist bloc countries, including the Soviet Union, sign a mutual defense treaty called the Warsaw Pact
15 May
1878 - The Tokyo Stock Exchange Co., Ltd., is established, primarily to trade bonds
1905 - Las Vegas, Nevada founded
1940 - McDonald's opens its first restaurant in San Bernardino, California
1941 - The world's first successful jet aircraft, a Gloster E28/39 powered by a W1 engine designed by Frank Whittle, takes off and lands at Farnborough, England
16 May
1911 - Supreme Court dissolves Standard Oil with the Sherman Antitrust Act
1930 - Two Texas engineers found a company called Geophysical Service Inc. to use seismographic technology to improve the business of exploring for oil
1949 - The Tokyo Stock Exchange, originally founded in 1878, reopens for business after the devastation of World War II
1951 - The first regularly scheduled transatlantic flights begin between Idlewild Airport (now John F Kennedy International Airport) in New York City and Heathrow Airport in London, operated by El Al Israel Airlines
Agenda
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)
09 - 11: Bangkok Brewing Conference 2024 (Bangkok International Trade & Exhibition Centre (BITEC) Bangkok, Thailand)
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:
02 - 04: 14th Iberoamerican VLB Symposium Brewing & Filling Technology (IBS) (Ciudad de Mexico (CDMX), Mexico)
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)
February 2025:
07 - 10: HoReCa 2025 (Athens, Greece)
16 - 18: BBTech Expo 2025 (Rimini, Italy)
21 - 23: Finest Spirits 2025 (Munich, Germany)
March 2025:
03 - 07: IBD Asia Pacific Convention 2025 (Hobart, Tasmania)
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Malt News
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Ukraine: Malteries Soufflet’s Ukraine malting business enjoys increased net profit in 2023
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The Slavutsky Malt Plant, part of Malteries Soufflet, has announced a four-fold increase in 2023 net profits, to UAH390 mln, RMI Analytics reported.
Revenues
...More info on site
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Thailand: AB Food & Beverages Thailand and Jebsen & Jessen expand malt distribution in Southeast Asia
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Jebsen & Jessen Ingredients (JJING) and AB Food & Beverages Thailand (ABFT), a subsidiary of Associated British Foods, have forged a new partnership to expand malt distribution across Southeast Asia, FoodIngredientsFirst reported on May 13.
The move will see JJING, the ingredients business unit of diversified industrial conglomerate Jebsen & Jessen Group, serve as the primary distributor of ABFT’s malt products across the region, which spans Thailand, Singapore, Malaysia, Vietnam, Indonesia and the Philippines.
“This partnership marks a pivotal moment for us. With our legacy spanning over a century, we’re excited to take a significant step forward in our vertical integration strategy and expand our business upstream into the ingredients sector,” shares Ian Kavanagh, regional operations director of Southeast Asia at ABFT.
“The partnership with JJING will allow our high-quality malt products to be used for F&B formulations across the region and serve as a good foundation for us to unlock new avenues for innovation and drive growth.”
As ABFT ventures upstream into the ingredients sector in Southeast Asia, this partnership is expected to assist in providing high-quality malt products to F&B manufacturers in the region.
As part of the partnership, JJING — as the primary distributor — will tap into its extensive distribution network
...More info on site
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Brewery News
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World: Asahi Group reports a 'higher than expected' profit increase in both its domestic and European operations in Q1
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Japanese beverage firm Asahi Group has reported a 'higher than expected' profit increase in both its domestic and European operations, as the group saw
...More info on site
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Thailand & Singapore: ThaiBev’s second-quarter net profit drops 4.9%
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Thai Beverage (ThaiBev) posted a 4.9 per cent drop in net profit to seven billion baht (S$257 million) for its second quarter ended Mar
...More info on site
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Malaysia: Heineken Malaysia Bhd’s net profit up 11.42% in Q1
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Heineken Malaysia Bhd reported an 11.42% increase in net profit to RM122.48 million for the first quarter ended March 31, 2024 (1Q24), up from
...More info on site
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USA: Lower-than-estimated loss in shelf space now expected for Bud Light during the spring and summer season
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Distributors expect a lower-than-estimated 7% loss in shelf space for Bud Light during the critical spring and summer season, analyst says, MorningStar reported on
...More info on site
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Malaysia: Carlsberg Brewery Malaysia sees 3.39% increase in first quarter net profit
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Carlsberg Brewery Malaysia Bhd reported a 3.39% increase in first quarter net profit from a year earlier, thanks to higher profit in Malaysia and
...More info on site
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Japan: Sales of beer and quasi-beer products up 2% in April
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Sales of beer and quasi-beer products in Japan in April grew 2 pct from a year earlier, data from four major beer companies showed.
The sales rebounded after a decline in March as demand for outdoor consumption increased with the average temperature rising from the same month last year.
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UK: Beer up to an uncertain future as younger generation prefers other drinks
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Beer is facing up to an uncertain future with just three in 10 consumers aged 18-24 reporting they ever imbibe it, according to a new survey by YouGov, The Grocer reported on May 10.
The survey, commissioned by the Society of Independent Brewers (SIBA) for its 2024 Craft Beer Report, shows how younger drinkers are eschewing beer in favour of wine and spirits.
Of the 2,000 consumers surveyed by YouGov, almost half (49%) said they ever drank beer, but this figure dropped down to 30% in the 18-24 age cohort.
Younger drinkers – the data showed – prefer spirits, wine and even cider, with 49%, 44% and 40% of respondents stating they consumed these drinks respectively.
“A dark cloud looms over UK brewing,” said Andy Slee, SIBA’s chief executive. “Only 30% of 18 to 24-year-olds claim to ever drink beer, with only a third of those doing so once a week.”
He added: “More creative brains than mine are best deployed on making our national drink more appealing to younger drinkers, and expect this to become more of a discussion in the years ahead.”
Other conclusions drawn from the SIBA report paint a more positive picture for small and independent brewers, however.
Over 55% of beer
...More info on site
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Kenya: Relief for beer makers after U-turn on daily tax payments
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Kenya’s government has reviewed its demand on manufacturers of alcoholic drinks to remit taxes within 24 hours after widespread criticism of the policy shift, with firms such as East African Breweries Plc (EABL) partly blaming the change in law for drop in profits, Business Daily Africa reported on May 13.
Treasury Cabinet Secretary Njuguna Ndung’u is seeking approvals from lawmakers to extend the period within which alcohol makers will remit taxes to five days from the time goods leave stores to distributors.
“Section 36 of the Excise Duty Act is amended in Subsection (1A), by deleting the words ‘twenty-four hours’ and substituting therefor the words ‘five working days’,” Prof Ndung’u wrote in the Finance Bill 2024, tabled in the National Assembly on May 7.
Amendments in the Finance Act 2023 had compelled alcohol manufacturers to remit excise duty to the Kenya Revenue Authority within a day after moving goods from stockroom.
That was a shift from the previous policy where the manufacturers of alcohol paid duty of the previous month on the 20th day of the following month, meaning the taxes were remitted monthly.
The new move, which comes into force next financial year if approved by legislators, will come as a slight relief to
...More info on site
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Barley News
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Australia: Malting barley prices higher amidst dryness concerns
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With global wheat prices strengthening amidst the dryness concerns in key regions, Australian malting barley prices are higher. For the feed barley, prices are
...More info on site
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World: Barley crop forecast slightly down on weather concerns
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The current agricultural world remains firm in a weather market, with a wide range of impacts which makes forecasting crop levels, including barley, quite
...More info on site
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World: Global barley outlook is for higher production, consumption, and trade in 2024/25
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Global coarse grain production in 2024/25 is projected at a record high as larger production of barley, millet, mixed grains, sorghum, oats, and rye
...More info on site
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EU & UK: Barley crop planting conditions remain less than ideal across western Europe
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While a weather break allowed France barley planting to finish, conditions across western Europe remain less than ideal, RMI Analytics said in their early
...More info on site
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Canada: Canada malting barley prices soften as planting advances
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As barley crop 2024 planting advances and under much improved moisture situation in Canada, malting barley prices are softer, RMI Analytics’ latest report says.
The
...More info on site
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Argentina: Barley prices higher, driven by strength in wheat prices globally
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Argentina barley prices are higher, driven more by the strength in wheat prices globally, and despite the general improvement in crop conditions, RMI Analytics
...More info on site
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Ukraine: Barley sown on 779,900 hectares as of May 9
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As of May 9, Ukraine has sown spring cereals and legumes on 4.320 million hectares, which is 1.8 times more than the previous year, the press service of the Ministry of Agrarian Policy and Food reported on May 10.
According to the report, wheat has been sown on 244,900 hectares (240,700 hectares the previous week), barley on 779,900 hectares (775,700 hectares), peas on 161,600 hectares (161,100 hectares), oats on 165,000 hectares (159,900 hectares), millet on 28,500 hectares (16,700 hectares), and buckwheat on 14,800 hectares.
During the past week, farmers sowed 912,900 hectares of spring crops. The week before, this figure was 861,000 hectares, and two weeks ago, it was 492,900 hectares. Leading in the rankings are farmers from Chernihiv region, where 157,900 hectares have been sown.
According to the Ministry of Agrarian Policy, the leading regions in terms of sowing pace are Kyiv region, which has sown 32,300 hectares of wheat, 44,300 hectares of barley, 5,800 hectares of peas, and 6,500 hectares of oats; Dnipropetrovsk region with 28,300 hectares of wheat, 50,500 hectares of barley, 14,280 hectares of peas, and 1,200 hectares Ternopil region with 18,900 hectares of wheat, 63,600 hectares of barley, 3,600 hectares of peas, and 5,100 hectares of oats; Sumy
...More info on site
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Australia: Malting barley exports more than double in March this year
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Australia exported 627,353 tonnes of barley and 100,734t of sorghum in March, according to the latest data from the Australian Bureau of Statistics.
Feed barley exports at 390,828t were down from 415,454t shipped in February, with China on 384,651t the destination for 98pc of the March volume.
Malting barley exports at 237,055t more than doubled over the month from 117,338t shipped in February.
China was also the major destination for malting barley exports on 185,299t, followed by Vietnam on 21,768t and Peru on 19,800t.
Sorghum volume also surged, almost doubling from 50,766t shipped in February, with China on 92,224t the biggest market, followed by Taiwan on 6850t and The Philippines on 1569t.
Flexi Grain pool manager Sam Roache said March barley exports delivered the expected recovery from the smaller February numbers, which were low due to Chinese New Year holidays and associated shutdowns.
“Malting barley shipments were high within this, as was the Chinese percentage of exports, which moved above 90pc for the first time in a few months.”
Mr Roache said exports of malting barley to South America, and also Vietnam, are expected to continue to October.
Total malting and feed barley shipments over April and May are tipped to continue at pace.
“We see strong shipments for
...More info on site
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Kazakhstan: Barley crop expected to increase this year
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Barley production will increase this season in Kazakhstan. Such data is provided by the US Department of Agriculture in its latest analytical report. The producers estimate the production volumes at 3.25 mln tons due to the higher yield forecast, UkrAgroConsult reported on May 13.
“In 2023/24 marketing year, the planted areas under barley are expected to change slightly compared to the previous year. Grain producers estimate the barley production in 2024/25 MY at 3.25 mln tonnes due to the higher yield forecast of 13 centners per hectare. Preliminary estimates from grain traders increase the yield forecast by 17%,” the document says.
Many farmers who grow barley reported their intention to continue sowing it in the next season, as there is a high demand for it from the domestic feed industry.
However, according to US analysts, plans for barley planting may be called into question due to the lack of available seeds on the market.
In 2024/25 MY, barley exports are estimated at 1.5 mln tonnes due to higher production prospects. This estimate is based on competitive export prices and traders’ expectations of sustained demand from China.
As the ban on imports of wheat by road, water and rail from the EAEU countries was extended for
...More info on site
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