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E-Malt.com Flash 33b
August 15 - August 18, 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 16, 2024 |
Base Currency: US Dollar
on August 16, 2024 |
| |
1 EUR = 1.0992 USD
1 EUR = 0.8556 GBP
1 EUR = 1.5076 CAD
1 EUR = 1.6612 AUD
1 EUR = 162.8460 JPY
1 EUR = 6.0143 BRL
1 EUR = 97.9939 RUB
1 EUR = 7.8603 CNY
|
|
1 USD = 0.9096 EUR
1 USD = 0.7783 GBP
1 USD = 1.3715 CAD
1 USD = 1.5111 AUD
1 USD = 148.1370 JPY
1 USD = 5.4713 BRL
1 USD = 89.1475 RUB
1 USD = 7.1507 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| August 16, 2024 |
French Barley/Malt
Crop 2024
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
247.00-249.00 |  |
| 6RW Malting Barley (FOB Creil) |
239.00-241.00 | |
Feed Barley (FOB Creil) |
179.00-181.00 |  0.55% |
| 2RS Malt (FOB Antwerp) |
593.00-595.00 | |
| 6RW Malt (FOB Antwerp) |
583.00-585.00 | |
French Barley/Malt
Crop 2025
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
251.00-253.00 |  0.40% |
| 6RW Malting Barley (FOB Creil) |
242.00-244.00 | |
Feed Barley (FOB Creil) |
187.00-189.00 | 1.57% |
| 2RS Malt (FOB Antwerp) |
597.50-599.50 | 0.21% |
| 6RW Malt (FOB Antwerp) |
586.50-588.50 | |
German Malting Barley
Crop 2023
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
229.00-231.00 | 3.07% |
 No change;
 Price increase;
 Price decrease versus last publication.
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Click here to see our Market Prices History.
China: China’s beer makers report slower revenue growth in Q2 this year
...Click here
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China: Carlsberg expects Chinese beer market to stay gloomy in the second half of 2024
...Click here
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Spain: Overall alcohol consumption decreases in the first half of 2024
...Click here
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Argentina: Barley crop forecast unchanged at 5 mln tonnes
...Click here
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Australia: Malting, feed barley exports surge in June
...Click here
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Vietnam: Vietnam Beer-Alcohol-Beverage Association requests amendments to draft on special consumption tax
...Click here
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India: Carlsberg doesn't see dramatic curbs on India liquor ads
...Click here
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Middle East: Brewers say interest in zero-alcohol beers growing in Middle East
...Click here
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UK: Popularity of Madrí Excepcional eating into success of Carlsberg in the UK, CEO says
...Click here
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UK: Birra Moretti overtakes Carling to become UK’s best-selling draught beer
...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
15 August
1769 - Napoleon Bonaparte was born, resident of Elba (emperor 1804-13, 1814-15)
1911 - Procter & Gamble unveils its Crisco shortening
1914 - Panama Canal opens (under cost)
16 August
1870 - Fred Goldsmith demonstrates curve ball isn't an optical illusion
1930 - The first color sound cartoon, called Fiddlesticks, is made by Ub Iwerks
1955 - Fiat Motors orders 1st private atomic reactor
1991 - Belgium census is 10,000,963 inhabitants
17 August
1802 - In one of history's greatest acts of inventive daring, Robert Fulton launches his new steamboat from the north shore of Manhattan
1998 - The Russian government devalues the ruble and declares a moratorium on paying its foreign debt, a de facto default that sends the global bond markets crashing, triggers the collapse of the giant U.S. hedge fund Long-Term Capital Management and sends shockwaves through the world's financial system
18 August
1868 - French astronomer Pierre Janssen discovers helium
1904 - Max Factor Jr was born, CEO (Max Factor Cosmetics)
1937 - 1st FM radio construction permit issued (W1X0J (WGTR) in Boston MA)
1952 - Patrick Swayze was born in Houston Texas, actor/dancer
1960 - 1st photograph bounced off a satellite, Cedar Rapids, Iowa
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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China: China’s beer makers report slower revenue growth in Q2 this year
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Beer makers in China reported slower revenue growth in the second quarter of the year, mainly because of the impact of persistent rain on
...More info on site
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China: Carlsberg expects Chinese beer market to stay gloomy in the second half of 2024
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Carlsberg expects the Chinese beer market to stay gloomy in the second half of the year due to weak consumer sentiment, the Danish brewer's
...More info on site
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Spain: Overall alcohol consumption decreases in the first half of 2024
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Spain is world-known for its ability to relax and enjoy the simpler leisures of life, like enjoying a caña de cerveza, or a small
...More info on site
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Ukraine: January-July beer production up 6.9%
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Ukraine produced 8.44 million hl of beer in January-July 2024, or 6.9% more than in the respective period of 2023, Ukrainian media said, citing
...More info on site
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Vietnam: Vietnam Beer-Alcohol-Beverage Association requests amendments to draft on special consumption tax
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Although the Vietnam Beer-Alcohol-Beverage Association supports the government's policy on amending the special consumption tax, it has suggested a reduction in the amount of tax to be increased and a reasonable extension of the timeline to stabilise the market, the Vietnam Investment Review reported on August 14.
At a conference themed, 'Tax Amendments to Promote Business Activities' hosted by VIR on August 14, Chu Thi Van Anh, vice-president and general secretary of Vietnam Beer-Alcohol-Beverage Association (VBA), gave the alcoholic beverage industry's perspective on the government's proposed increase in special consumption tax.
For alcoholic beverages such as beer and liquor, the Ministry of Finance (MoF) is currently considering two options for increasing the special consumption tax: a substantial immediate increase or a gradual increase. They are leaning towards the second option, which proposes a steady annual rise in tax rates starting in 2026, aiming to reach 100 per cent by 2030.
"The proposed increases are the highest in history, and businesses are unable to fully assess the potential impacts yet. The VBA recommends a gradual increase for alcohol based on three goals: health, economic and social impact, and historical context," said Van Anh.
For the economic and social goals, a comprehensive assessment of the beverage
...More info on site
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India: Carlsberg doesn't see dramatic curbs on India liquor ads
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Carlsberg doesn't expect any dramatic changes to rules for liquor ads in India, the brewer's CEO said on August 14, after reports the country is set to announce sweeping rules that will bar even so-called surrogate ads, Reuters reported.
India bans direct advertising of liquor, but companies often use surrogate ads that promote their brands more generally.
India's top civil servant for consumer affairs told Reuters this month that new rules were expected to be issued within a month that could bring fines for companies and bans for celebrities involved in misleading ads.
"It is not our impression that anything is given about a potential advertising ban," Carlsberg CEO Jacob Aarup-Andersen told Reuters in an interview.
Carlsberg promotes its Tuborg drinking water in India, with an ad showing film stars at a rooftop dance party and the slogan "Tilt Your World", which echoes its Tuborg beer ads elsewhere, emblazoned with the message: "Drink Responsibly".
Aarup-Andersen said anti-alcohol lobby groups in India had recently taken aim at surrogate ads, but that the industry had also been heard in the ongoing consultation process.
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Middle East: Brewers say interest in zero-alcohol beers growing in Middle East
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Egyptian Mohannad Abdelazeem, 35, doesn't drink alcohol. But he does consume three or four cans per day of Moussy and Fayrouz - alcohol-free beers, Yahoo Finance reported on August 15.
Brewers including Carlsberg and Anheuser-Busch InBev say interest is growing in such booze-free brews across the Middle East and North Africa, presenting opportunities in a region with some of the lowest alcohol consumption rates globally.
Reuters spoke to eight Egyptian consumers, shopkeepers or cafe owners - including Abdelazeem - who said they or their customers have recently switched to non-alcoholic beers, ditching U.S. soft drinks brands like Pepsi and Coca-Cola because they see them as supportive of Israel following its bombardment of Palestine.
PepsiCo, which acquired Israel-based SodaStream in 2018, and Coca-Cola did not respond to a request for comment.
There is also a broader shift in consumer tastes underway, some executives say.
AB InBev has seen demand for zero-alcohol brews rising among locals in some Middle Eastern countries, including Saudi Arabia, according to Jason Warner, its CEO for Europe and the Middle East. Sales to tourists and expatriates have also grown.
AB InBev launched its flagship alcohol-free beer Corona Cero in Saudi Arabia in the first quarter. Announcing the planned launch in September 2023, Brian
...More info on site
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UK: Popularity of Madrí Excepcional eating into success of Carlsberg in the UK, CEO says
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The popularity of lager brand Madrí Excepcional is eating into the success of Carlsberg in the UK, the CEO of the Danish brewer has told British newspaper The Telegraph.
Launched in UK pubs in 2020, the Madrí brand centres around Spanish culture, marketing itself as "the soul of Madrid".
That's despite the fact that the beer is actually brewed in the English county of Yorkshire by the Canadian-American multinational Molson Coors - which also owns Doom Bar, Carling, and Blue Moon.
According to data experts NIQ, Madrí Excepcional brought in annual sales of £93.3mn (€108.9mn) last year.
Molson Coors' website also notes that, in the second quarter of 2024, Madrí Excepcional generated the third highest sales revenue among all lagers sold in UK venues.
In response to these figures, CEO of rival brand Carlsberg, Jacob Aarup-Andersen, told The Telegraph: "We’re seeing a continued high competition in world beers. It's a fierce battleground in the UK.
"There's no doubt that one of the brands that is doing well in the UK is Madrí. If you look at the market share, they've done well. I think they found a good proposition there. So kudos, kudos to them."
A number of experts believe that Madrí's sharp rise in popularity
...More info on site
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UK: Birra Moretti overtakes Carling to become UK’s best-selling draught beer
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Italian lager Birra Moretti has overtaken Carling to become the best-selling draught lager in the UK, according to recent research from CGA which shows that draught sales of Birra Moretti have grown over the last quarter, increasing 9.6%1 compared to the previous year, DRAM Scotland reported on August 13.
Total sales for this period hit £246.7m making the premium Italian lager the UK’s best-selling draught lager brand, taking the top spot from Carling.
HEINEKEN say that premiumisation is continuing to drive significant growth in on-trade revenue, with consumers opting to drink higher-quality products such as Birra Moretti in venues despite an overall decline in beer consumption.
Birra Moretti, which has recently been supported with a multimillion pound nationwide marketing campaign across the on- and off-trade, has also recently launched Birra Moretti Sale di Mare, an unfiltered premium lager which they say continues to grow, “resulting in soaring sales”.
Veronica Sica, Beer Brands Unit Director at HEINEKEN UK, said, “The continuing rise in popularity of Birra Moretti reflects the increased importance of great quality experiences, and therefore a willingness to pay more for them. Birra Moretti encourages the drinker to live the Italian lifestyle through the ideas it cultivates; enjoying great craftmanship, spending time with
...More info on site
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Barley News
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Australia: Barley crop forecast up 0.3 mln tonnes
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In general, Australia’s barley crop development remains on a good path, with some further rains, more in Western Australia and to a lesser degree
...More info on site
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Argentina: Barley crop forecast unchanged at 5 mln tonnes
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The moisture situation across Buenos Aires Province has improved, and more rain is forecast this week. Cool temperatures over the past month did not
...More info on site
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Australia: Malting, feed barley exports surge in June
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Australia exported 725,085 tonnes of barley and 249,071t of sorghum in June, according to the latest export data from the Australian Bureau of Statistics, Grain Central reported on August 13.
The feed barley component at 485,276t was more than double the 216,118t shipped in May, with shipments to China at 384,002t accounting for 79 percent of the total.
The second-biggest destination for Australia’s June-shipped feed barley was Japan on 75,600t, followed by Vietnam on 17,855t.
Malting exports at 239,809t also surged from the May total of 147,507t, with China on 146,173t accounting for 61pc of the June figure.
Mexico on 33,000t, followed closely by Vietnam on 31,295t, were the second and third-biggest markets respectively for June-shipped malting barley.
China was also the major market for June-shipped sorghum, taking 220,871t, or 89pc, of the 249,071t total.
Japan on 22,064t was the second-biggest market for June-shipped sorghum, followed by Taiwan on 4380t.
Flexi Grain pool manager Sam Roache said June barley figures were the biggest seen since January.
“WA shipments where particularly strong, accounting for more than half of total shipments and sending the state carryout stocks to record tight levels,” Mr Roache said.
“The strong June numbers were driven by increased availability in Australia, with farmers and traders clearing barley
...More info on site
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Ukraine: Ukraine completes barley harvest
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According to the Ministry of Agrarian Policy, as of 15 August, grain and leguminous crops in Ukraine were harvested from a total area of 6.713m hectares, which is 61% of the planned area. The gross grain harvest is estimated at 28.459 million tonnes with an average yield of 42.4 centners per hectare, APK Inform reported on August 16.
In terms of crops, the dynamics of harvesting is as follows:
• wheat - 21.68 million tonnes from 4.85 million hectares (100% of the plan) at a yield of 44.7 c/ha;
• barley - 5.48 million tonnes from 1.4 million hectares (100% of the plan) with a yield of 39.2 centners per hectare;
• peas - 458.5 thousand tonnes on 207.6 thousand ha (99%) with a yield of 22.1 c/ha;
• buckwheat - 2.4 thousand tonnes in 1.6 thousand ha (2%) with a yield of 14.4 centners/ha;
• millet - 9.5 thousand tonnes in 5.32 thousand hectares (6%) with a yield of 17.9 kg/ha;
• other cereals and leguminous crops - 827.7 thousand tonnes from 255.3 thousand hectares (72%) with a yield of 32.4 c/ha.
As for oilseeds, as of 15 August, rape was threshed on 1.23 million hectares, or 98% of the planned. From this area, 3.358 million tonnes of oilseeds were harvested at a
...More info on site
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Russia: Export duty on Russian barley remains zero
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The export duty on Russian wheat, which has fallen for three straight weeks, will rise 3.2-fold to 828.4 rubles per tonne in the week starting August 21 from 257.3 rubles per tonne during the current seven-day period, the Agriculture Ministry said.
The duty on barley will remain zero and that on corn will triple to 1,033.6 rubles from 344.5 rubles per tonne.
Duty rates are based on indicative prices of $214.5 per tonne for wheat against $214.8 per tonne in the current period, $180.9 per tonne for barley versus $179.8 per tonne, and $205.2 per tonne for corn against $203.1 per tonne.
The duties will be valid until August 27, 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
...More info on site
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