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E-Malt.com Flash 22b
May 30 - June 02, 2024
Quote of the Week
Take your victories, whatever they may be, cherish them, use them, but don't settle for them.
Mia Hamm
Currency Rates
Base Currency: Euro
on May 31, 2024 |
Base Currency: US Dollar
on May 31, 2024 |
| |
1 EUR = 1.0818 USD
1 EUR = 0.8507 GBP
1 EUR = 1.4820 CAD
1 EUR = 1.6335 AUD
1 EUR = 169.7690 JPY
1 EUR = 5.6271 BRL
1 EUR = 97.1136 RUB
1 EUR = 7.8375 CNY
|
|
1 USD = 0.9243 EUR
1 USD = 0.7863 GBP
1 USD = 1.3700 CAD
1 USD = 1.5099 AUD
1 USD = 156.9270 JPY
1 USD = 5.2017 BRL
1 USD = 89.7724 RUB
1 USD = 7.2450 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| May 31, 2024 |
French Barley/Malt
Crop 2024
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
287.00-289.00 |  |
| 6RW Malting Barley (FOB Creil) |
257.00-259.00 | |
Feed Barley (FOB Creil) |
215.00-217.00 | |
| 2RS Malt (FOB Antwerp) |
642.00-644.00 | |
| 6RW Malt (FOB Antwerp) |
605.00-607.00 | |
French Barley/Malt
Crop 2025
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
281.00-283.00 | |
| 6RW Malting Barley (FOB Creil) |
256.00-258.00 | |
Feed Barley (FOB Creil) |
215.00-217.00 | |
| 2RS Malt (FOB Antwerp) |
634.50-636.50 | |
| 6RW Malt (FOB Antwerp) |
604.00-606.00 | |
German Malting Barley
Crop 2023
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
282.00-284.00 |  1.54% |
 No change;
 Price increase;
 Price decrease versus last publication.
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Click here to see our Market Prices History.
India: Taxes and restrictive rules blocking India beer market boom
...Click here
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Japan & USA: Suntory in early talks to acquire Boston Beer - report
...Click here
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Lithuania: Beer remains Lithuania’s preferred alcoholic beverage in spite of volume drop
...Click here
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USA: Brewers Association secures $2 mln grant to open and develop new export markets
...Click here
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Australia: Barley crop forecast remains at 12 mln tonnes but dryness raises further concern
...Click here
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Canada: Barley planting approaching 75% completion but wet conditions challenge the rest
...Click here
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South Korea: OB to start selling its Cas 0.0 at restaurants for the first time in history
...Click here
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India: Top beer manufacturers jointly form Brewers’ Association of India
...Click here
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USA: Molson Coors to brew Peroni Nastro Azurro beer in the US
...Click here
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Graph of the week
Table of the week
USA Malt Exports 2019 - 2023
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
30 May
1872 - Mahlon Loomis patents wireless telegraphy
1928 - John Keith Wright is born, English economist/asst sect of state, 1971-84
1974 - The Airbus A300 passenger aircraft first enters service
1975 - European Space Agency, ESA, forms
31 May
1879 - 1st electric railway opens at Berlin Trades Exposition
1974 - The first money-market mutual fund with checkwriting privileges, Fidelity Daily Income Trust, opens for business
1977 - The Trans-Alaska Pipeline System completed
2000 - Lucent Technologies announces that it is buying Chromatis Networks, an optical networking company, for $4.5 billion
01 June
1812 - The State of New York charters a new institution called City Bank of New York, called today Citigroup
1880 - 1st pay telephone installed
1939 - Stockbrokers are officially designated as "registered representatives"
1980 - Cable News Network (CNN) begins broadcasting
2009 - General Motors files for Chapter 11 bankruptcy. It is the fourth largest United States bankruptcy in history
02 June
1891 - Work on trans-Siberian railway begins
1907 - Taxis 1st began running in New York City
1977 - Trans Alaska oil pipeline completed
Agenda
May 2024:
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:
06 - 07: Glug Swiss 2025 (Alte Reithalle, Aarau, Switzerland)
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)
12 - 15: Festival Brasileiro da Cerveja 2025 (Blumenau, Brazil)
19 - 20: BeerX 2025 (Liverpool, UK)
April 2025:
06 - 09: 15th International Trends in Brewing 'Beer & Society' 2025 (Leuven, Belgium)
10 - 12: KIBEX 2025 (Seoul, South Korea)
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Brewery News
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India: Taxes and restrictive rules blocking India beer market boom
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India's beer market has stagnated over the years despite significant growth potential, largely due to inequitable taxation and restrictive retail licensing rules, the Mint
...More info on site
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Japan & USA: Suntory in early talks to acquire Boston Beer - report
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Boston Beer surged on May 31 as the American brewer is in talks to sell the company to global spirits company Suntory, the Wall Street reported, citing unnamed sources.
Boston Beer Company Inc was up more than 30% on the news.
Negotiations remain at an early stage, and there isn't certainty that deal will reach, the sources told WSJ, while the potential for another suitor could emerge.
Speculation about a sale comes as Boston Beer has suffered a rough year so far as changing consumer tastes have dented demand.
Suntory knows Boston Beer well after teaming up with the latter in 2021 to produce new spirits and ready-to-drink beverages.
Boston Beer declined to comment.
Suntory didn't immediately reply to a request for comment.
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Lithuania: Beer remains Lithuania’s preferred alcoholic beverage in spite of volume drop
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One Lithuanian resident aged 15 and over consumed 11 litres of pure (100 percent) alcohol last year, 0.2 litres less than in 2022, according
...More info on site
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USA: Brewers Association secures $2 mln grant to open and develop new export markets
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The Brewers Association (BA) has secured a $2 million grant from the U.S. Department of Agriculture (USDA) as part of the new Regional Agricultural Promotion Program (RAPP), which is focused on opening and developing new export markets, Craft Brewing Business reported on May 30.
Agriculture Secretary Tom Vilsack announced that the USDA is allocating $300 million overall to 66 U.S. organizations to help boost demand for American food and farm exports in high-potential markets globally — that includes craft beer.
From the press release:
“USDA and the entire Biden-Harris Administration are focused on creating more, new and better markets for U.S. producers and agribusinesses, and exports are a critical part of that effort,” Vilsack said. “By enabling U.S. exporters to expand their footprint in diverse and dynamic new markets, RAPP will help make them more competitive and resilient in an increasingly volatile global trading environment. We know the potential is out there, but it takes time and money to grow new markets. USDA is pleased to be able to provide the start-up capital to help tap into these opportunities, because if we are serious about reversing the decline of small and mid-sized farms, and building wealth that stays in rural communities, it’s
...More info on site
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South Korea: OB to start selling its Cas 0.0 at restaurants for the first time in history
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OB Beer, the No. 1 beer maker in Korea, will sell its non-alcoholic beer Cas 0.0 at regular restaurants from next month for the first time in the industry. Competition in the non-alcoholic beer market, which has been limited to the home market, is expected to heat up as general liquor wholesalers can supply not only alcohol but also non-alcoholic beverages to restaurants.
According to the Ministry of Strategy and Finance on the 28th, a revision to the Enforcement Decree of the Liquor License Act (Enforcement Decree of the Liquor License Act), which allows general liquor wholesalers to supply non-alcoholic beverages to restaurants along with alcohol, was approved at the Cabinet meeting.
Until now, general liquor wholesalers who supply liquor products to restaurants have only been able to distribute alcohol with an alcohol content of 1% or more. As a result, non-alcoholic beer has been neglected in the restaurant market and has only been sold in the home market. However, the demand for non-alcoholic products has increased significantly in recent years as the trend of "Helsifleisure" that pursues both health and pleasure has continued and the "zero" craze has risen.
As a result, OB Beer will sell 330ml bottle products of the non-alcoholic
...More info on site
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India: Top beer manufacturers jointly form Brewers’ Association of India
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India's leading beer manufacturers - United Breweries (now controlled by Dutch brewing major Heineken), AB InBev, and Carlsberg - on May 29 announced jointly forming a new industry body Brewers' Association of India (BAI).
The three brewers, which owns brands as Budweiser, Hoegaarden, and Corona, along with Carlsberg and Tuborg brands, together account for about 85 per cent of the beer sales in India.
While UBL leads the Indian beer market with its brands Kingfisher, Kalyani black, Heineken, Amstel Bier. BAI, which is formed in partnership with the World Brewing Alliance (WBA), will be focused on growing the beer category in India, and drive innovation, moderation, and sustainability in the Indian beer market, as per a statement.
WBA is the global industry body consisting of brewers and brewing trade associations from leading markets, including Australia, Canada, the US, Europe, Japan, Korea, Latin America, Brazil, and New Zealand.
BAI will be headquartered in Delhi and headed by Vinod Giri, who will assume office on June 1, 2024.
Giri until now was heading the Confederation of Indian Alcoholic Beverage Companies (CIABC), the apex body of the Indian alcoholic beverage industry.
"Brewers can play an important role in strengthening local economies, contributing to thriving communities and achieving better
...More info on site
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USA: Molson Coors to brew Peroni Nastro Azurro beer in the US
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Molson Coors announced on May 29 that it will begin brewing Peroni Nastro Azzurro stateside to supply the U.S. market. The production is set to take off this summer at Molson Coors’ brewery in Albany, Georgia, Vinepair reported.
“We’ve spent the last few months working closely with Peroni’s talented master brewers to make certain we stay true to the brand’s crisp refreshing taste and honor its original recipe from 1963,” says the company’s chief supply chain officer, Brian Erhardt. “By brewing Peroni at home, we can ensure consumers can get fresh, great-tasting Peroni at even more of their favorite restaurants, bars, shops and events across the country.”
Supply issues and simultaneous brand expansion appear to be factors in the move. According to a Molson Coors spokesperson who spoke with Beer Business Daily, many on-premise accounts claim to be hesitant to give Peroni draft line real estate due to the troubles that come with importing the beer in small quantities. With domestic production, “we can overcome one of the biggest issues to scaling the brand, which is reliable supply,” they said.
According to Molson Coors, kegs of domestically-brewed full-strength Peroni will be available by the end of the summer, with packaged bottles and cans
...More info on site
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Barley News
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Australia: Barley crop forecast remains at 12 mln tonnes but dryness raises further concern
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With barley planting mostly complete in Australia, the focus remains on getting sufficient in-season rain to deliver a reasonable crop result. So far, conditions
...More info on site
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Canada: Barley planting approaching 75% completion but wet conditions challenge the rest
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Barley planting is approaching 75% completion in Canada and conditions have improved dramatically due to recent rains, although seeding the last 25% is a
...More info on site
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