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E-Malt.com Flash 36a
September 02 - September 04, 2024
Quote of the Week
Give my people plenty of beer, good beer and cheap beer, and you will have no revolution among them.
Queen Victoria
Currency Rates
Base Currency: Euro
on September 04, 2024 |
Base Currency: US Dollar
on September 04, 2024 |
| |
1 EUR = 1.1048 USD
1 EUR = 0.8422 GBP
1 EUR = 1.4951 CAD
1 EUR = 1.6404 AUD
1 EUR = 161.2870 JPY
1 EUR = 6.2140 BRL
1 EUR = 97.7021 RUB
1 EUR = 7.8657 CNY
|
|
1 USD = 0.9050 EUR
1 USD = 0.7623 GBP
1 USD = 1.3533 CAD
1 USD = 1.4846 AUD
1 USD = 145.9790 JPY
1 USD = 5.6246 BRL
1 USD = 88.4349 RUB
1 USD = 7.1196 CNY
|
Currency Rates Chart
Average Market Prices Change Trend
| September 04, 2024 |
French Barley/Malt
Crop 2024
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
244.00-246.00 |  0.81% |
| 6RW Malting Barley (FOB Creil) |
235.00-237.00 | 0.42% |
Feed Barley (FOB Creil) |
180.00-182.00 |  2.26% |
| 2RS Malt (FOB Antwerp) |
589.00-591.00 | 0.42% |
| 6RW Malt (FOB Antwerp) |
578.00-580.00 | 0.21% |
French Barley/Malt
Crop 2025
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
254.00-256.00 |  |
| 6RW Malting Barley (FOB Creil) |
239.00-241.00 | 1.23% |
Feed Barley (FOB Creil) |
192.00-194.00 | 0.52% |
| 2RS Malt (FOB Antwerp) |
601.50-603.50 | |
| 6RW Malt (FOB Antwerp) |
583.00-585.00 | 0.63% |
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.
USA: Constellation Brands issues profit warning on 'negative' wine and spirits trends
...Click here
|
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India: United Breweries targets 25% sales from premium brands within the next 4-5 years
...Click here
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Nigeria: Nigerian Breweries launches N599 bln rights issue
...Click here
|
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USA: Tilray Brands completes acquisition of Molson Coors’ craft breweries
...Click here
|
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Malaysia: Carlsberg Malaysia committed to focus on premium products despite significant drop in sales
...Click here
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Australia: Barley crop forecast to reach 12.2 mln tonnes
...Click here
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UK: Malting barley premiums sharply lower on the year
...Click here
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The Czech Republic: Czech hops harvest set to have significant impact on global beer production this year
...Click here
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Uganda: EABL to buy out minority shareholders in subsidiary Uganda Breweries Limited
...Click here
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UK: Diageo starts longer-term test sale of non-alcoholic Guinness on draught
...Click here
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UK: Carlsberg claims beer from red barley healthier than normal lager
...Click here
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UK: Brixton Brewery to shift production to Heineken-owned craft brewing peer Beavertown Brewery
...Click here
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Russia & North Korea: Russia permits imports of North Korean beer
...Click here
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Graph of the week
Table of the week
Black Sea Barley Supply & Demand Balance
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
02 September
1930 - 1st non-stop airplane flight from Europe to US (37 hrs)
1941 - Film Academy copyrights Oscar statuette
1987 - Philips introduces CD-video
03 September
1778 - City Amsterdam signs trade agreement with U.S. rebels
1935 - 1st automobile to exceed 300 mph, Sir Malcolm Campbell (301.337 mph)
1967 - Sweden begins driving on right-hand side of road
04 September
1781 - Los Angeles founded by 44 in Bahia de las Fumas, (Valley of Smokes)
1813 - 1st U.S. religious newspaper Religious Remembrancer
1870 - 3rd French republic proclaimed as they overthrow their king
2001 - Tokyo DisneySea opens to the public
Agenda
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 - 08: Planete Biere 2025 (Paris, France)
06 - 09: 15th International Trends in Brewing 'Beer & Society' 2025 (Leuven, Belgium)
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 - 18: Cerveza Mexico Expo 2025 (Expo Guadalajara, Jalisco, Mexico)
16 - 17: Copenhagen Beer Festival 2025 (Copenhagen, Denmark)
26 - 01 June: Budapest Beer Week 2025 (Budapest, Hungary)
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Brewery News
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USA: Constellation Brands issues profit warning on 'negative' wine and spirits trends
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Constellation Brands Inc.’s stock rose on September 3 after it raised the low end of the range for its adjusted fiscal 2025 profit outlook,
...More info on site
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India: United Breweries targets 25% sales from premium brands within the next 4-5 years
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United Breweries (UBL), India’s largest beer manufacturer, anticipates its premium beer brands to contribute 25% of its total sales volume within the next 4-5
...More info on site
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USA: Tilray Brands completes acquisition of Molson Coors’ craft breweries
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Tilray Brands, Inc, a global lifestyle and consumer packaged goods company, has successfully completed the previously announced acquisition of craft breweries Hop Valley Brewing Company, Terrapin Beer Co., and Revolver Brewing, from Molson Coors Beverage Company, the company announced on September 3.
Irwin D. Simon, Chairman and Chief Executive Officer of Tilray Brands, said, "Tilray Brands is crafting a new future for brands in the craft beer industry. We are proud to welcome these exceptional brands and the talented teams behind them to Tilray. With our proven track record of creating brand growth, we are confident in our ability to drive revenue, generate cost synergies, and expand distribution, further strengthening these brands and solidifying Tilray's position as a leader in the craft beverage industry. This strategic acquisition creates additional growth opportunities for our global beverage business, which reinforces our commitment to enhancing shareholder value. At Tilray Brands, we are constantly pushing the boundaries to bring new and better experiences to our consumers. Our plan is to drive growth and maximize the potential of these brands to their fullest capacity, while maintaining our dedication to delivering high-quality products and meeting the evolving needs of our consumers.”
This acquisition further strengthens Tilray's leadership position
...More info on site
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Nigeria: Nigerian Breweries launches N599 bln rights issue
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Nigerian Breweries (NB) Plc has opened acceptance list for its N599.1 billion rights issue, in the biggest recapitalisation programme by existing shareholders of a company, The Nation Newspaper reported on September 4.
NB is offering 22.61 billion ordinary shares of 50 kobo each to existing shareholders at N26.50 per share. The shares have been pre-allotted on the basis of 11 new ordinary shares for every five ordinary shares held as at the close of business on Friday, July 12, 2024.
Acceptance list for the rights issue opened on Monday, September 02, 2024 and will close on Friday, October 11, 2024.
The board of the company on September 3 said the opening of the rights issue followed approval by the Securities and Exchange Commission (SEC).
Netherland-based Heineken N.V, the majority investor in NB, is expected to invest not less than N341 billion in NB through the rights issue that pre-allocated about 12.9 billion ordinary shares to the multinational.
Market sources had indicated that Heineken N.V., which has shown strong appetite for the Nigerian market, could scale up its investments to more than N400 billion.
Heineken’s representative, Mr Sijbe Hiemstra, had said the multinational stands ready to provide an initial commitment of up to N342 billion in new
...More info on site
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Malaysia: Carlsberg Malaysia committed to focus on premium products despite significant drop in sales
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Carlsberg Malaysia has committed to continue its focus on premium products moving forward despite seeing a significant drop in sales, BeverageDaily.com reported on September 3.
Carlsberg Brewery Malaysia Bhd (Carlsberg Malaysia) recently announced its H1FY2024 financial results, reporting a 5.7% rise in revenue year-on-year to RM1.23bn (US$) but a drop of -3.4% in net profits year-on-year to RM167.3mn (US$).
The decline in earnings was attributed to taxation issues in the firm’s Sri Lankan business Lion Brewery (Ceylon) PLC, which incurred RM10.8mn (US$) of charges in the first quarter of the year.
“Our performance in the first half of the year was satisfactory although profits were negatively impacted by the deferred tax liabilities due to the restatement of foreign withholding tax in Sri Lanka,” Carlsberg Malaysia Managing Director Stefano Clini told the floor at the conference announcing these most recent financial results.
“We will continue to stay vigilant on cost management and cost optimisation opportunities in our supply chain, which will enable us to accelerate investments in our brands.”
The firm has been stalwart in pushing its premium products strategy or ‘Accelerate Premium’ over the past few years, but after several years of continued growth, the premium category has taken a hit in the first half
...More info on site
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Uganda: EABL to buy out minority shareholders in subsidiary Uganda Breweries Limited
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Listed brewer EABL is set to spend Sh426 million to buy out minority shareholders in its subsidiary Uganda Breweries Limited (UBL) through a tender
...More info on site
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UK: Diageo starts longer-term test sale of non-alcoholic Guinness on draught
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Diageo has started a longer-term test sale of its non-alcoholic Guinness on draught in the UK on-premise, Yahoo Finance reported on September 2.
The zero-alcohol stout will be sold at The Devonshire pub in Soho, London, priced at £6.35 ($8.34) a pint. It will be available on tap until early 2025 "with the possibility to extend", Diageo told Just Drinks.
The move follows a small three-day trial of the non-alcoholic stout on draught in The George pub in Fitzrovia, London, from 15 to 17 March last year.
Diageo described the latest push with Guinness 0.0 as "a momentous moment for on-trade expansion in the UK".
Draught Guinness 0.0 is also available, alongside full-strength Guinness, at stadiums across England that are hosting Premier League football matches from August until May next year. The product was also sold on tap earlier this year at the Allianz Stadium in Twickenham, London, at the Six Nations international men's rugby tournament from early February to mid-March 2024.
In a statement, Anna MacDonald, Guinness marketing director for Diageo's Great Britain (GB) arm said: “We’re thrilled to be trialling Guinness 0.0 at a select number of pubs in GB, including The Devonshire – a priority stop for any Guinness fans in London.”
MacDonald
...More info on site
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UK: Carlsberg claims beer from red barley healthier than normal lager
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Carlsberg has claimed that its beer made from red barley is healthier than a normal pint and ‘like a wine’, according to reports.
The brewer told The Telegraph that its new red barley beer – not to be confused with a red ale, which is traditionally made from roasted barley and kilned malt – contains fewer hops, and also has the addition of anthocyanins, which are found in grape skins.
As a result, the naturally occurring compounds which have been bred in red barley assist in reducing the risk of cancer, diabetes and boosting memory. It was made through cross-breeding rather than genetic modification, using a technique from the Carlsberg laboratory called ‘Find-It’.
As reported in the drinks business, a red barley beer was originally launched in 2019 as a cross-promotion with Liverpool FC. A 4.6% ABV pilsner, it was originally brewed as a single batch overseen by the Carlsberg research lab, a spokesperson told db.
The brewer, which is already famous for making the yeast Carlsbergensis, which was isolated in 1883 by Emil Hansen and is the ancestor of many of the modern lager yeasts of today, has now delivered another scientific discovery by mapping the full genome of male and female hops
...More info on site
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UK: Brixton Brewery to shift production to Heineken-owned craft brewing peer Beavertown Brewery
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Brixton Brewery is to close its production site in south London, shifting production to Heineken-owned craft brewing peer Beavertown Brewery in Enfield, north London, The Grocer reported.
The brewer, which sold a minority stake to Heineken in 2018 before moving to full ownership in 2021, said it had outgrown its facility on Dylan Road, Loughborough Junction, and had begun to transition production to Beavertown in order to “facilitate rapidly growing demand” for its beers.
“Growth is a nice problem to have, but it is not without its challenges,” said co-founder and MD Jez Galaun. “We’ve again outgrown our production site in Brixton and need to make some changes in how the business operates.
“With the expiry of our lease coming up, we need to plan the future of our growing business,” he added.
Beavertown’s Enfield site had been “built to the highest efficiency standards” which would mean “increased levels of sustainability and reduced environmental impact” for Brixton, Galaun said.
The brewer has constructed a new meeting facility and workspace next door to its taproom and original small-batch brewery In Brixton, which is to continue producing its range of limited-edition beers.
It is also searching for a warehouse to enable it to continue direct deliveries to local
...More info on site
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Russia & North Korea: Russia permits imports of North Korean beer
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A Russian company registered in the far eastern city of Komsomolsk-on-Amur has been cleared to import beer produced in North Korea, Russian media reported, in the latest sign of warming ties between Moscow and Pyongyang.
The shipments come as other North Korean trade restricted by United Nations sanctions for its weapons programmes comes under international scrutiny.
The U.S. and South Korea say North Korea has been supplying artillery and ballistic missiles to Russia for use in Ukraine, which both Moscow and Pyongyang deny.
Ties between Pyongyang and Moscow have been blossoming recently. Russian President Vladimir Putin visited North Korea for the first time in 24 years in June to hold a summit with North Korean leader Kim Jong Un.
The North Korean beer will be imported by a company named Vostokbirtrade, which was registered in June, Russia's RBC business daily reported, citing documents.
North Korea has recently ramped up beer production in an effort to earn foreign currency through exports, Daily NK, a Seoul-based website that releases news and information based on sources inside North Korea, reported last month.
The move to allow beer imports comes after Russian authorities recently announced the export of prized horses and the shipment of more than 400 goats to North
...More info on site
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Barley News
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Australia: Barley crop forecast to reach 12.2 mln tonnes
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Australia is forecast to produce 31.8 million tonnes (Mt) of wheat, 12.2Mt of barley and 5.5Mt of canola from the winter crop now being
...More info on site
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UK: Malting barley premiums sharply lower on the year
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Ex-farm malting barley prices so far in 2024/25 are sharply lower than in the early months of last season, according to the latest report
...More info on site
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Hops News
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The Czech Republic: Czech hops harvest set to have significant impact on global beer production this year
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Czech Republic’s hop harvesting season is underway. The country, known for being the third-largest producer and exporter of hops globally, kicked off its annual
...More info on site
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