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E-Malt.com Flash 33a
August 12 - August 14, 2024
Quote of the Week
The mouth of a perfectly happy man is filled with beer.
Ancient Egyptian wisdom
Currency Rates
Base Currency: Euro
on August 14, 2024 |
Base Currency: US Dollar
on August 14, 2024 |
| |
1 EUR = 1.0952 USD
1 EUR = 0.8547 GBP
1 EUR = 1.5034 CAD
1 EUR = 1.6573 AUD
1 EUR = 161.2730 JPY
1 EUR = 6.0011 BRL
1 EUR = 99.9576 RUB
1 EUR = 7.8447 CNY
|
|
1 USD = 0.9129 EUR
1 USD = 0.7803 GBP
1 USD = 1.3727 CAD
1 USD = 1.5130 AUD
1 USD = 147.2430 JPY
1 USD = 5.4794 BRL
1 USD = 91.2673 RUB
1 USD = 7.1627 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| August 14, 2024 |
French Barley/Malt
Crop 2024
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
247.00-249.00 |  3.13% |
| 6RW Malting Barley (FOB Creil) |
239.00-241.00 | 2.83% |
Feed Barley (FOB Creil) |
180.00-182.00 | 2.16% |
| 2RS Malt (FOB Antwerp) |
593.00-595.00 | 1.63% |
| 6RW Malt (FOB Antwerp) |
583.00-585.00 | 1.45% |
French Barley/Malt
Crop 2025
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
250.00-252.00 | 3.09% |
| 6RW Malting Barley (FOB Creil) |
242.00-244.00 | 1.62% |
Feed Barley (FOB Creil) |
190.00-192.00 |  1.60% |
| 2RS Malt (FOB Antwerp) |
596.50-598.50 | 1.62% |
| 6RW Malt (FOB Antwerp) |
586.50-588.50 | 0.83% |
German Malting Barley
Crop 2023
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
nq | |
 No change;
 Price increase;
 Price decrease versus last publication.
|
Click here to see our Market Prices History.
World: Carlsberg increases profit outlook as it manages to offset weaker consumer demand
...Click here
|
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Japan: All four major brewers report higher sales in the first half of the year
...Click here
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The Czech Republic: Czech beer exports continuing to decline
...Click here
|
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Vietnam: Vietnam’s leading brewers report satisfactory profits for Q2
...Click here
|
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USA: Cannabis company Tilray buys four Molson Coors breweries
...Click here
|
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Malaysia: Heineken Malasyia’s earnings momentum is expected to persist
...Click here
|
World: Barley trade forecast unchanged in USDA’s August report
...Click here
|
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World: Barley crop forecast reduced by 0.7 mln tonnes to 143.6 mln
...Click here
|
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EU & UK: Barley crop forecast revised slightly lower due to unfavourable weather
...Click here
|
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Canada: Dry and hot weather reduces barley crop potential this year
...Click here
|
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Australia: Both malting and feed barley prices lower as rain improves crop prospects
...Click here
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USA, OR: Nearly 20% less of hops planted in Oregon this year
...Click here
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Australia: Coopers Brewery opens new visitor’s centre, microbrewery and whisky distillery at its Regency Park brewery
...Click here
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Uruguay: FNC brewery reopens after being deemed uncompetitive
...Click here
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India: Kirin-backed B9 Beverages seeks more clout with new brewery
...Click here
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Graph of the week
Table of the week
EU Hops and Alpha Acid Production 2021-2023
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
12 August
1856 - Anthony Fass patents accordion
1877 - Thomas Edison invents Edisonphone, a sound recording device
1960 - Echo 1, 1st communications satellite, is launched
1981 - The IBM Personal Computer is released
13 August
1623 - Cardinal Richelieu appointed Chief Minister of France by Louis XIII
1907 - 1st taxicab in New York
1961 - Construction on Berlin Wall begins in East Germany (Dark day)
14 August
1885 - Japan's first patent is issued to the inventor of a rust-proof paint
1893 - France issues 1st driving licenses, included required test
1938 - BBC's 1st feature film on TV (Student of Prague)
1967 - Belgian embassy in Kinshasa, Congo, plundered
Agenda
August 2024:
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)
05 - 07: 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)
10 - 13: Mondial de la Biere Rio 2024 (Rio de Janeiro, Brazil)
17 - 19: Warsaw Beer Festival 2024 (Warsaw, Poland)
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)
25 - 27: Expo Antad & Alimentaria Mexico 2025 (Expo Guadalajara, Jalisco, Mexico)
April 2025:
03 - 05: Warsaw Beer Festival 2025 (Warsaw, Poland)
06 - 09: 15th International Trends in Brewing 'Beer & Society' 2025 (Leuven, Belgium)
06 - 08: Planete Biere 2025 (Paris, France)
10 - 12: KIBEX 2025 (Seoul, South Korea)
11 - 12: InnBrew 2025 (Barcelona, Spain)
15 - 17: Craft Beer China 2025 (Shanghai, China)
28 - 01 May: Craft Brewers Conference & BrewExpo America 2025 (Indianapolis, USA)
May 2025:
13 - 15: International Beer Strategies Conference 2025 (Prague, the Czech Republic)
16 - 17: Copenhagen Beer Festival 2025 (Copenhagen, Denmark)
16 - 18: Cerveza Mexico Expo 2025 (Expo Guadalajara, Jalisco, Mexico)
26 - 01 June: Budapest Beer Week 2025 (Budapest, Hungary)
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Brewery News
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World: Carlsberg increases profit outlook as it manages to offset weaker consumer demand
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Carlsberg A/S increased its profit growth outlook for the year as cost controls helped the Danish brewer to offset weaker consumer demand.
Organic operating profit
...More info on site
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Japan: All four major brewers report higher sales in the first half of the year
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All four major Japanese brewers posted higher sales for the first half of this year, thanks chiefly to price increases and the yen's weakening,
...More info on site
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The Czech Republic: Czech beer exports continuing to decline
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Total Czech beer exports are continuing to decline, according to data from the Czech Association of Brewers. Czech beer exports dropped by 4.3% in
...More info on site
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Vietnam: Vietnam’s leading brewers report satisfactory profits for Q2
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Habeco and Sabeco, the two biggest brewers in Vietnam, have reported satisfactory profits for the second quarter thanks to more demand in summer, improved
...More info on site
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USA: Cannabis company Tilray buys four Molson Coors breweries
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Canadian cannabis company, Tilray, is making more moves in the craft beer space and this time it’s picking up brands from Molson Coors, The Denver Post reported.
On August 13, Tilray announced it has inked a deal with the beverage giant to acquire four breweries: Hop Valley Brewing Co. in Eugene, Ore., Terrapin Beer Co. in Athens, Ga., Revolver Brewing in Granbury, Texas, and Atwater Brewery in Detroit. The purchase price was not disclosed.
The acquisition comes at a time when the beer industry overall is struggling, but that hasn’t deterred Tilray from betting big on the space. As of 2023, Tilray was the sixth-largest craft beer company in the U.S. by production volume, according to the Brewers Association.
“Tilray Brands is proud to be driving the most compelling and unique growth story in the craft beer industry,” Irwin Simon, Tilray’s chairman and CEO, said in a statement. “We are confident in our ability to drive revenue, generate cost synergies, and expand national distribution reinforcing our leadership position in craft beer resulting in tremendous growth opportunities for our global beverage business.”
Molson Coors purchased three of the four aforementioned brands – Revolver, Hop Valley, and Terrapin – in 2016 when the craft beer segment
...More info on site
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Malaysia: Heineken Malasyia’s earnings momentum is expected to persist
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Heineken Malaysia Bhd's earnings momentum is anticipated to persist, fuelled by stable demand, rising tourist numbers, price increases, a stronger ringgit, and ongoing measures
...More info on site
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Australia: Coopers Brewery opens new visitor’s centre, microbrewery and whisky distillery at its Regency Park brewery
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On Tuesday, August 6, Coopers Brewery swung open the doors to its new visitor’s centre, microbrewery and whisky distillery, situated alongside the existing brewery at Regency Park, South Australia, The Shout reported.
The new, world-class facility has been designed to offer a unique and immersive experience for local, national and international tourists, celebrating the 162-year legacy of the brand.
Now, the home of Coopers comprises a restaurant, three bars and an expansive outdoor plaza, alongside a dedicated tasting room and interactive history displays.
For the first time in the history of the business, Coopers will expand its realm into the world of whisky using the new on-site whisky distillery, positioned alongside a new microbrewery which will allow Coopers to produce small-batch experimental beers.
Almost 20 months since construction began at the Regency Park site, the $70m development was unveiled at an official opening event, officiated by South Australian Governor, Her Excellency the Honourable Frances Adamson AC and attended by the Cooper family and more than 300 industry professionals.
Speaking at the official opening, Coopers Managing Director Dr Tim Cooper said: “This new visitors centre is about celebrating our history and our originality with an emphasis on what makes Coopers different. We’re still standing
...More info on site
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Uruguay: FNC brewery reopens after being deemed uncompetitive
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The FNC brewery in Minas in the province of Lavalleja reopened Monday, August 12 with some 30 workers to do some cleaning and maintenance before the others return next week, thus closing a long-standing conflict that threatened the survival of one of the plants belonging to Uruguay's most iconic beer producers, MercoPress reported.
The plant had been closed since July when the company shut it down citing competitiveness problems in the beer market. The announcement triggered negotiations involving high-level government authorities to reach a solution that finally reversed the measure.
However, union leader Andrés Arellano explained that some workers were indeed laid off while others remained on strike. Production and canning is expected to start next month with a new system.
The brewery was to be reopened last week but negotiations were stalled when FNC questioned the union's list of those who were due to show up on reopening day, which had been drafted by the labor grouping based on seniority. Five of the names on that list were written off given their personal and professional records, it was explained. A new understanding was eventually reached regarding these workers, it was also explained.
FNC said it was closing the plant due to competitiveness problems
...More info on site
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India: Kirin-backed B9 Beverages seeks more clout with new brewery
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An Indian craft brewer backed by Japan’s Kirin Holdings wants to overtake entrenched global brands by building a US$70 million beer factory and raising fresh funds ahead of a public listing in 2026, The Business Times reported on August 10.
B9 Beverages is building a new brewing facility in the north Indian state of Uttar Pradesh, which, once completed, will become India’s biggest beer factory and expand production, founder and chief executive Ankur Jain said in an interview. The company currently leases six brewing units and sells an equivalent of eight million cases of beer a year.
The New Delhi-based company has also appointed investment bank Morgan Stanley to lead another round of fundraising ahead of the initial public offering.
“2023 was a very tough year for us because we underwent a very drastic transformation in our sales operations, supply chain, financial checks and balances,” Jain said. “It was a deliberate decision that caused a slowdown, but we are a much stronger company today.”
The new factory will cost between US$60 and 70 million and will have a capacity of 50 million cases, the first phase of which is expected to become operation by next summer, Jain added.
B9 overhauled its operations last year
...More info on site
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Barley News
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World: Barley trade forecast unchanged in USDA’s August report
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World barley trade forecast has been left unchanged at 27.479 mln tonnes in USDA’s August report.
Export volume is forecast down for the EU (6.6
...More info on site
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World: Barley crop forecast reduced by 0.7 mln tonnes to 143.6 mln
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Harvest of the northern hemisphere barley crop is limping along - impacted by persistent rains in Europe and until this week extreme heat in
...More info on site
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EU & UK: Barley crop forecast revised slightly lower due to unfavourable weather
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As barley harvest advances across Europe, the weather has not been ideal as rains covered most of the norther continent. While rain at this
...More info on site
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Canada: Dry and hot weather reduces barley crop potential this year
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Dry conditions and hot temperatures across key barley regions in Canada have reduced the previously very good crop potential. The forecast is cooling but
...More info on site
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Australia: Both malting and feed barley prices lower as rain improves crop prospects
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Prices for both malting and feed barley in Australia are lower, as rain improves crop prospects, and brings with it a greater willingness of
...More info on site
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Hops News
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USA, OR: Nearly 20% less of hops planted in Oregon this year
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Next week, many of Oregon’s hop farmers will begin their harvest. However, nearly 20% less of their essential crop was planted this year due to declining craft beer sales, the Oregon Beverage Alliance says.
“Beer is usually only four ingredients – water, malt, yeast, and hops, which makes the quality of those ingredients all the more important,” said Sam Pecoraro, brewmaster at Von Ebert Brewing and Secretary of the Oregon Brewers Guild, in a press release.
“We’re lucky to be in the Northwest where nearly all of America’s hops are grown ... but with beer sales down across the country, that significantly impacts our local agricultural community as well as brewers.”
According to the U.S. Department of Agriculture via the OBA, hop acreage decreased nationally by -18% from 2023. This statistic is mirrored by Oregon hop growers, who are also down -18% compared to last year.
Oregon has gone from 7,000 hop acres in 2022 to just 5,500 acres now, the OBA claims.
“It’s been tough to say the least with the Oregon hop harvest down -12% last year and now -18% this year,” said fourth-generation hop farmer Erica Lorentz of Sodbuster Farms in the same release. “Sometimes it’s simply a variety of hop going
...More info on site
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