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E-Malt.com NewsLetter

RombBullet Quote of the week
RombBullet Currency rates
RombBullet Brewers equities
RombBullet Market prices change trend
RombBullet Industry news
RombBullet Graph of the week
RombBullet Table of the week
RombBullet Prices evolution
RombBullet Barley prices
RombBullet Theoretical malt prices
RombBullet Business history
RombBullet Agenda
RombBullet News articles




Last five Flashes



Last five graphs

Note: All graphs issued with e-malt.com newsletters are published in "Graph" section of e-malt.com site.



Last five tables

All e-malt.com tables are published in e-malt.com Statistics section. The Statistics section includes Barley statistics, Malt statistics and Beer statistics. The tables related to barley are published in Barley Statistics section, the tables related to malt in Malt Statistics section and the tables related to beer in Beer Statistics section.



Last five prices evolution




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E-Malt.com Flash 30b
July 25 - July 28, 2024


Quote of the Week

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Currency Rates


Base Currency: Euro
on July 26, 2024
Base Currency: US Dollar
on July 26, 2024
      1 EUR = 1.0846 USD
1 EUR = 0.8422 GBP
1 EUR = 1.4991 CAD
1 EUR = 1.6576 AUD
1 EUR = 166.1660 JPY
1 EUR = 6.1256 BRL
1 EUR = 92.7327 RUB
1 EUR = 7.8486 CNY
      1 USD = 0.9219 EUR
1 USD = 0.7765 GBP
1 USD = 1.3822 CAD
1 USD = 1.5282 AUD
1 USD = 153.1930 JPY
1 USD = 5.6477 BRL
1 USD = 85.4985 RUB
1 USD = 7.2363 CNY


Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend


July 26, 2024
French Barley/Malt
Crop 2024
Bulk
EUR/T %
2RS Malting Barley (FOB Creil) 266.00-268.00 -
6RW Malting Barley (FOB Creil) 251.00-253.00 down0.79%
Feed Barley (FOB Creil) 191.00-193.00 -
2RS Malt (FOB Antwerp) 616.00-618.00 -
6RW Malt (FOB Antwerp) 597.50-599.50 down0.41%
French Barley/Malt
Crop 2025
Bulk
EUR/T %
2RS Malting Barley (FOB Creil) 266.00-268.00 down0.37%
6RW Malting Barley (FOB Creil) 256.00-258.00 down0.39%
Feed Barley (FOB Creil) 199.00-201.00 -
2RS Malt (FOB Antwerp) 616.00-618.00 down0.20%
6RW Malt (FOB Antwerp) 604.00-606.00 down0.20%
German Malting Barley
Crop 2023
Bulk
Ex Farm
EUR/T %
Average Malting Barley Price 244.00-246.00 down0.51%
-No change; upPrice increase; downPrice decrease versus last publication.

Click here to see our Market Prices History.


Top Industry News


Brewery news USA: Number of active craft breweries increases to 9,358 as of June 2024 ...Click here
Brewery news UK: Number of breweries down for a second consecutive year ...Click here
Brewery news India: United Breweries reports 27% rise in first-quarter profit ...Click here
Brewery news Nigeria: Guinness Nigeria’s loss widens in the year to June 30 ...Click here
Brewery news Tanzania: Tanzania Breweries completes sale of dormant Darbrew unit ...Click here

Barley news World: Slow decline in global barley production forecast continues ...Click here
Barley news EU & UK: Barley crop forecast reduced on continuing wet conditions ...Click here

Whisky news India: Diageo India reports increase in Q1 consolidated revenue ...Click here


More Industry News


Brewery news USA: Boston Beer reports decreased shipments in Q2 2024 ...Click here
Brewery news Australia: Beer prices set to rise in August ...Click here
Brewery news World: Nonalcoholic beer Corona Cero gearing up for a big step in its Olympic sponsorship deal ...Click here
Barley news Russia: Wheat, barley crop forecasts increased due to favourable weather ...Click here
Brewery news Denmark: Carlsberg creates fonio beer with no use of barley or bittering hops ...Click here
Barley news Russia: Export duty on Russian barley remains nil ...Click here

Graph of the week



Table of the week

Germany Malt Exports 2019 - 2023


Table of the week.
Prices Evolution

Prices evolution

Barley Prices



Theoretical Malt Prices


These Days in Business History


25 July
1946 - 1st bikini is shown at a Paris fashion show
1978 - The world's first test-tube baby, Louise Joy Brown, was born in Lancashire, England
1984 - Cosmonaut Svetlana Savitskaya became 1st woman to walk in space

26 July
1656 - Rembrandt declares he is insolvent
1835 - 1st sugar cane plantation started in Hawaii
1908 - FBI founded

27 July
1694 - The Bank of England opens for business in London to print currency and manage the national debt. It goes on to become one of the world's most effective central banks
1866 - Atlantic telegraph cable successfully laid (1,686 miles long)
1971 - Merrill Lynch & Co. goes public, becoming the first New York Stock Exchange firm to do its own initial public offering on the NYSE

28 July
1866 - Metric system becomes a legal measurement system in US
1900 - Hamburger created by Louis Lassing in Connecticut
1978 - Price of gold tops $200-an-oz level for 1st time

Agenda

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)

More events are available on site e-malt.com


BreweryBrewery News Brewery


Brewery news USA: Number of active craft breweries increases to 9,358 as of June 2024
The Brewers Association (BA), the trade organization representing small and independent American craft brewers, just released insights from its midyear survey, shedding light on the state of the craft beer industry and providing members with the most up-to-date data.

The number of active craft breweries increased from 9,339 in June 2023 to 9,358 as of June 2024, with the total brewery number also up from 9,456 to 9,528. Midyear 2024 survey results show 54% of surveyed breweries reporting growth in the first half of 2024 compared to a year ago.

However, with beer dollar sales likely more static, there was a continued small decline by volume in the market, estimated to be down 2% compared to 2023. Not a single area by channel or region is driving the decline, with broadly similar trends in packaged and keg distribution, as well as onsite sales.

In breaking down the distribution channels, according to Nielsen IQ (NIQ) scan data, independent craft packaged sales were down 2% year-over-year (YoY), which is stronger than NIQ-defined craft sales. In recent years, distribution has been challenging for many brewers because some distributors and retailers are looking to simplify offerings, and there is increased competition from other product areas, such as ready-to-drink ...More info on site


Brewery newsUK: Number of breweries down for a second consecutive year
The number of breweries in the UK has declined for a second consecutive quarter, as rising costs and Covid-related debt offset consumer demand, the ...More info on site


Brewery newsIndia: United Breweries reports 27% rise in first-quarter profit
India’s United Breweries reported a 27% rise in its first-quarter profit on July 25, as sales of chilled beer spiked during summer.

The company’s profit ...More info on site


Brewery newsNigeria: Guinness Nigeria’s loss widens in the year to June 30
Guinness Nigeria Plc has released its audited financial statements for the year ended June 30, 2024, Businessday NG reported on July 26.

Guinness Nigeria Plc ...More info on site


Brewery news Tanzania: Tanzania Breweries completes sale of dormant Darbrew unit
Tanzania Breweries Ltd (TBL) Plc has completed the sale of its entire 60 percent stake in the beer manufacturing subsidiary Darbrew Ltd and launched a facelift of its production facility at Kibo Breweries Ltd as part of a turnaround plan for the struggling dormant units, The East African reported on July 25.

The Dar es Salaam Stock Exchange-listed brewer approved the sale of Darbrew Ltd to a core shareholder Dar es Salaam City Council (DCC) on August 7, 2019, due to the non-performance of the subsidiary, but the conclusion of the deal has been delayed for years on undisclosed reasons.

The company disclosed in its 2023 annual report that the transaction was completed during the accounting period ended December 31, 2023, as the beer maker moved to shore up its cash flow position amid a cocktail of domestic and global factors, including a significant increase in the cost of production and overheads as a result of the global supply chain disruptions caused by the conflict in the Middle East and eastern Europe.

Locally, the company was impacted by the significant increase in excise duty on raw materials used in the production of beer, exceptionally wet weather and load shedding by the utility, ...More info on site


Brewery news USA: Boston Beer reports decreased shipments in Q2 2024
The Boston Beer Company, Inc. on July 25 reported financial results for the second quarter ended June 29, 2024. Key results were:

Second Quarter 2024 Summary:

• Depletions decreased 4% and shipments decreased 6.4% • Net revenue of $579.1 million decreased 4.0% • Gross margin of 46.0% up 60 basis points year over year • Net income of $52.3 million, a decrease of $5.7 million or 9.8% • Diluted income per share of $4.39

Year-to-date 2024 Summary:

• Depletions decreased 2% and shipments decreased 3.4% • Net revenue of $1.005 billion decreased 0.8% • Gross margin of 45.0% up 260 basis points year over year • Net income of $64.9 million, an increase of $15.9 million or 32.3% • Diluted income per share of $5.41

Capital Structure

• Ended the first quarter with $219.3 million in cash and no debt • Repurchased $127.0 million in shares from January 2, 2024 to July 19, 2024

“Our gross margin improvement initiatives continue to take hold, with gross margin expanding over 250 basis points year-to-date, and strong cash flow generation,” said Chairman and Founder Jim Koch. “Depletions were soft in April, but improved as we moved through the quarter. While the industry environment remains dynamic, we are seeing early signs of progress on innovation and will use our strong balance sheet to invest in our brands while returning cash ...More info on site


Brewery news Australia: Beer prices set to rise in August
Beer prices will froth up in August as Australian craft brewers say they are struggling under heavy tax pressures, The North West Star reported on July 24.

With the updated excise tax to be released on July 31 brewers are expecting a rise of around four per cent.

Canberra's BentSpoke Brewing Co. founder Richard Watkins said the excise rise would likely mean consumers would pay a few extras dollars at the till.

So expect a A$60 slab of beer to cost another A$2.36.

Craft breweries have struggled to rebound after the pandemic and Mr Watkins said increasing taxes without improving government support for small businesses was hurting the sector.

"In a tight economic times the government should be supporting Australian owned companies that are investing money back into the economy, into Australia," he said.

More than 600 craft brewers in Australia contribute A$1.93 billion annually to the economy, according to KPMG.

Craft breweries employ more than 10,000 people, which is 51 per cent of the industry, with many in regional areas.

Excise tax is raised in line with the consumer price index (CPI) twice per year. This happens on August 1 and February 1.

Brewers receive a A$350,000 excise rebate each financial year. That financial cushion means small breweries, ...More info on site


Brewery news World: Nonalcoholic beer Corona Cero gearing up for a big step in its Olympic sponsorship deal
Corona Cero, Anheuser-Busch InBev's nonalcoholic beer brand, is gearing up for a big step with its Olympic sponsorship deal. The goal is to help the brand become the best-selling non-alcoholic beer worldwide. To do so, the beer brand will have to overtake rivals such as Heineken 0.0, which already has a strong presence in many markets, MarketScreener reported on July 25.

The Olympic sponsorship provides Corona Cero with a platform to drive its expansion and become a major player in the alcohol-free beer market. According to Marcel Marcondes, AB InBev's Chief Marketing Officer, the Olympics will allow for a more aggressive rollout than usual. As part of the agreement, AB InBev will sell Corona Cero in Olympic-themed packaging and run TV and online advertising campaigns tailored to local audiences in most of the 40 countries where Corona Cero is available.

Marcondes emphasized that AB InBev is playing a leadership game with Corona Cero, aiming to make it the number one non-alcoholic beer in the world. The brand will be sold in Olympic-themed packaging and will be promoted through advertising campaigns on TV and online. In addition, a daily summary of key moments from the Games will be broadcast as part of Olympic ...More info on site


Brewery news Denmark: Carlsberg creates fonio beer with no use of barley or bittering hops
Carlsberg has created a brand-new type of beer that uses only fonio grains, without the use of any barley or bittering hops. The grain, which has thrived in West Africa for over 5,000 years and is widely used in African cooking, can thrive in poor soils and is drought-resistant, the Danish brewer reported on July 25.

The world-first brew demonstrates what can be achieved when new brewing techniques and ingredients meet curiosity - an area that Carlsberg is exploring for future crop varieties, using its curious mindset to push forward advancements in this area. The curious mindset has been at the forefront of everything Carlsberg has done since it opened the brewery doors in 1847.

The new Fonio beer was brewed in collaboration with Brooklyn Brewery as part of its ‘Brewing for Impact’ campaign. The campaign was launched by Brooklyn Brewmaster, Garrett Oliver, to celebrate 30 years with the Brewery. Its aim is to spotlight the ancient West African grain and its untapped brewing potential and ability to drive positive change in the industry.

The resulting limited-edition beer, brewed in the Carlsberg Research Laboratory, is clean, with soft aromas of apricots, white peaches, and melon with an underlying sweetness and lingering bitterness giving ...More info on site



BarleyBarley News Barley


Barley newsWorld: Slow decline in global barley production forecast continues
The slow decline in world barley production continues, with a further reduction of -0.9 mln tonnes to 144.3 mln, RMI Analytics said in ...More info on site


Barley newsEU & UK: Barley crop forecast reduced on continuing wet conditions
A wet crop’24 growing season continues with further rainfall stalling barley harvest in certain regions. At this stage, yields are mostly determined but final ...More info on site


Barley news Russia: Wheat, barley crop forecasts increased due to favourable weather
Sovecon have increased their forecast for grain production in Russia this year by 3.1 million tonnes (compared to the previous month's estimate), bringing the total to 130.5 million tonnes. The upgrade was made due to improved prospects for winter and spring crops, APK-Inform reported on July 25.

"The wheat production forecast was further increased by 0.1 million tonnes, reaching 84.2 million tonnes. Overall, the forecast was raised by 3.5 million tonnes in July due to favourable weather for spring wheat in Siberia and the Urals and relatively high yields of winter wheat in the south," the report stated.

The forecast for Russian barley production was raised by 0.7 million tonnes to 19.3 million tonnes, owing to relatively high yields of winter barley in the south and favourable weather conditions in the Volga region.

At the same time, the corn harvest forecast was lowered by 1.2 million tonnes to 13.4 million tonnes due to dry and hot weather in southern Russia.

"Major weather models predict that unfavourable weather will persist in the near future, increasing the likelihood of further downward revisions to the forecast," the experts emphasized.


Barley news Russia: Export duty on Russian barley remains nil
The export duty on Russian wheat will fall 41.2% to 906.4 rubles per tonne in the week starting July 30 from 1,540.4 rubles per tonne during current period, the Agriculture Ministry said.

The duties on barley and corn will remain zero.

Duty rates are based on indicative prices of $220.5 per tonne for wheat against $229.6 per tonne in the current period, $177.9 per tonne for barley versus $177.1 per tonne, and $187.4 per tonne for corn against $188 per tonne.

The duties will be valid until August 6, inclusive.

Russia introduced a grain damper mechanism on June 2, 2021, which provides for floating duties on the export of wheat, corn and barley and the return of funds received from them to subsidize agricultural producers. The duties are calculated weekly from indicators based on the prices of export contracts registered on the Moscow Exchange . Duty rates were calculated in dollars at first, and, since July 2022, in rubles. The duty is 70% of the difference between reference and indicative prices.

The Agriculture Ministry on June 1, 2023, hiked the reference price for calculating the export duty on wheat to 17,000 rubles per tonne from 15,000 rubles per tonne, and the reference price on barley ...More info on site



WhiskyWhisky News Whisky


Whisky newsIndia: Diageo India reports increase in Q1 consolidated revenue
Diageo India (United Spirits Ltd), a subsidiary of the British liquor giant Diageo, reported consolidated revenue from operations at ₹6,238 crore in Q1FY25, as ...More info on site


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