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E-Malt.com Flash 36b
September 05 - September 08, 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 06, 2024 |
Base Currency: US Dollar
on September 06, 2024 |
| |
1 EUR = 1.1094 USD
1 EUR = 0.8428 GBP
1 EUR = 1.4986 CAD
1 EUR = 1.6486 AUD
1 EUR = 159.1830 JPY
1 EUR = 6.2278 BRL
1 EUR = 98.3608 RUB
1 EUR = 7.8712 CNY
|
|
1 USD = 0.9013 EUR
1 USD = 0.7597 GBP
1 USD = 1.3509 CAD
1 USD = 1.4859 AUD
1 USD = 143.4830 JPY
1 USD = 5.6139 BRL
1 USD = 88.6655 RUB
1 USD = 7.0954 CNY
|
Currency Rates Chart
Average Market Prices Change Trend
| September 06, 2024 |
French Barley/Malt
Crop 2024
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
245.00-247.00 |  0.41% |
| 6RW Malting Barley (FOB Creil) |
234.00-236.00 |  0.42% |
Feed Barley (FOB Creil) |
180.00-182.00 |  |
| 2RS Malt (FOB Antwerp) |
590.50-592.50 | 0.21% |
| 6RW Malt (FOB Antwerp) |
577.00-579.00 | 0.21% |
French Barley/Malt
Crop 2025
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
252.00-254.00 | 0.78% |
| 6RW Malting Barley (FOB Creil) |
241.00-243.00 | 0.83% |
Feed Barley (FOB Creil) |
192.00-194.00 | |
| 2RS Malt (FOB Antwerp) |
599.00-601.00 | 0.41% |
| 6RW Malt (FOB Antwerp) |
585.50-587.50 | 0.42% |
German Malting Barley
Crop 2023
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
214.50-216.50 | 4.66% |
 No change;
 Price increase;
 Price decrease versus last publication.
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Click here to see our Market Prices History.
World: Barley crop forecast reduced by 0.8 mln tonnes
...Click here
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EU & UK: Barley crop forecast unchanged as harvest is wrapping up
...Click here
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North America: First barley harvest in Canada confirms lower yields and quality impacts, crop forecast reduced by 0.8 mln tonnes
...Click here
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USA, OR: Willamette Valley hops growers struggle as demand for beer continues to fall
...Click here
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India: India eyeing $1 bln export opportunity from alcoholic, non-alcoholic drinks
...Click here
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India: Pernod Ricard exploring sale of its popular Imperial Blue whisky brand
...Click here
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Australia: Heineken 0.0 most popular alcohol-free beer in Australia
...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
05 September
1888 - George Eastman patents 1st roll-film camera and registers "Kodak"
1957 - Ford Motor Co introduces Edsel
1958 - 1st color video recording on magnetic tape presented, Charlotte NC
1997 - Mother Teresa (Agnes Gonxha Bojaxhiu) dies of cardiac arrest at 87; Nobel (1979)
06 September
1620 - The Pilgrims sail from Plymouth, England, on the Mayflower to settle in North America
1819 - Thomas Blanchard patents lathe
1853 - Women's Right's Convention met (New York City)
07 September
1822 - Brazil declares independence from Portugal (National Day)
1912 - David Packard, co-founder of Hewlett-Packard Co., is born in Pueblo, Colo
1923 - Interpol forms in Vienna
08 September
1923 - Alexandra Kollontai of Russia becomes 1st woman ambassador
1990 - Real-estate developer Minoru Isutani buys the Pebble Beach golf resort for $841 million. By March, 1992, Isutani sold Pebble Beach for $500 million-a $341 million loss in less than a year-and-a-half, "probably the most disastrous real-estate deal known to man"
Agenda
September 2024:
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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Australia: Heineken 0.0 most popular alcohol-free beer in Australia
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Since launching to market in October 2018, Heineken 0.0 has firmly established itself as the most popular alcohol-free beer among Australian consumers, a fact evidenced by its consistent upwards growth trajectory and by its impressive trophy cabinet. This includes having won all but one of the Fan Favourite Non-Alcoholic Beer awards since the Australian Drinks Awards added the category in 2021, Drinks Trade reported on September 6.
Despite losing to Great Northern Zero in last year’s awards, Heineken 0.0 has once again clinched the title of Australia’s most loved alcohol-free beer.
Drinks Trade reached out to Rachel Ellerm, Marketing Director at Lion Australia, to discuss what sets Heineken 0.0 apart from its competitors.
Drinks Trade: Heineken beat a lot of its competitors to the non-alc beer market… How important has this been to its success?
Rachel Ellerm: Heineken 0.0 was not the first non-alc beer to launch in Australia. A small non-alcohol beer segment, dominated by Coopers Ultra Light Birrell launched in the 80s, had existed for some years prior to Heineken 0.0’s launch in 2018. Having said that, launching Heineken 0.0 in Australia definitely injected energy and interest into the category, taking it to new heights.
Heineken 0.0’s success was driven by two
...More info on site
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Barley News
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World: Barley crop forecast reduced by 0.8 mln tonnes
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Barley crop’24 continues to consist of varied results across the northern hemisphere, including France and Canada, to a very positive development in the southern
...More info on site
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EU & UK: Barley crop forecast unchanged as harvest is wrapping up
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Although there has been further rain the past two weeks, clouds are starting to clear, which will be beneficial to wrapping up barley harvest
...More info on site
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North America: First barley harvest in Canada confirms lower yields and quality impacts, crop forecast reduced by 0.8 mln tonnes
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Barley harvest in both the USA and Canada has been forced to work around persistent storms over the past two weeks but there is
...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 will fall nearly 19% to 906.4 rubles per tonne in the week starting September 11 from 1,115.7 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 fall to 502.7 rubles from 724.5 rubles per tonne.
Duty rates are based on indicative prices of $214.3 per tonne for wheat against $214.1 per tonne in the current period, $180.7 per tonne for barley versus $178.7 per tonne, and $195.4 per tonne for corn against $195.7 per tonne.
The duties will be valid until September 17, 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
...More info on site
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Hops News
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USA, OR: Willamette Valley hops growers struggle as demand for beer continues to fall
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Oregon’s aromatic hop harvest has a bitter note this year.
As beer fans await the return of fresh hop beers to local breweries, growers in the Salem area and Willamette Valley are struggling amid a rapid decline in demand for their crop, the Salem Reporter said on September 6.
The amount of hops grown in Oregon declined 18% this year compared to 2023, with 5,591 acres planted statewide. Farmers are instead leaving fields unplanted or switching to other crops to diversify their
Hops acreage has declined nearly a third from a recent 2018 peak of 8,216 acres, according to data from the Oregon Hops Commission.
The culprit is a shift in drinking habits that has people seeking out less craft beer. Virtually all hops are used to bitter and flavor beer.
The aftereffects of a pandemic supply glut are also still playing out.
For growers like Sodbuster Farms, a fourth-generation farm just north of Keizer, it means leaving nearly 100 acres fallow this year.
Erica Lorentz, the farm’s co-owner and president, said they’re harvesting 730 acres this year while leaving about 90 acres that had previously grown hops idle. Because of the trellis required to string the hops, Lorentz said it’s often too labor intensive to
...More info on site
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Whisky News
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India: India eyeing $1 bln export opportunity from alcoholic, non-alcoholic drinks
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Amid a rise in demand for Indian liquor, India’s government is eyeing $1 billion in exports from alcoholic and non-alcoholic beverages over the next few years, The Indian Express reported on September 4.
The Agricultural and Processed Food Export Development Authority (APEDA), which comes under the Ministry of Commerce and Industry, said they have plans to promote Indian alcoholic and non-alcoholic beverages in the international markets.
“It (APEDA) is potentially eyeing $1 billion in export revenue over the next few years. APEDA as part of the ‘Make in India’ initiative has been targeting to increase exports of Indian Spirits to major foreign destinations,” said a statement issued by the commerce ministry.
India currently ranks 40th in the world for alcoholic beverage exports. The country’s exported beverages worth over Rs 2,200 crore in FY24. The major destinations include the UAE, Singapore, Netherlands, Tanzania, Angola, Kenya and Rwanda.
APEDA also said in a landmark development for Indian spirits, Diageo India (United Spirits Ltd), among the country’s leading alco-bev companies, is set to launch Godawan in the United Kingdom, an artisanal single malt whisky made in Rajasthan.
Godawan is produced under the Make in India initiative of the Government of India with an investment exceeding Rs 200 crore.
“The
...More info on site
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India: Pernod Ricard exploring sale of its popular Imperial Blue whisky brand
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French spirits giant Pernod Ricard is exploring the sale of its popular Imperial Blue whisky brand in India, aiming to shift its focus towards premium offerings like Glenlivet, Jameson, and Chivas Regal, according to a report by Livemint.
The world's second-largest spirits company has enlisted Goldman Sachs to facilitate the sale, which could fetch up to Rs 5,000 crore, the report said citing sources. The sale process began about three weeks ago, it added.
Imperial Blue, which sells 20 million cases annually in India, could draw interest from private equity firms and other alcohol industry players, though the process is still in its early stages.
The potential sale of Imperial Blue comes two years after Pernod Ricard's competitor, Diageo, divested several low-margin brands, including Haywards, Honey Bee, and Romanov. This trend underscores the shift among multinational liquor companies towards premium brands that, despite lower sales volumes, yield higher profits.
Imperial Blue, originally part of The Seagram Co Ltd portfolio, became a Pernod Ricard brand in 2001 after the French company Diageo acquired Seagram's global spirits and wine businesses. The brand competes with other popular whiskies in India, such as McDowell’s No1 from Diageo and Officer's Choice from Allied Blenders and Distillers.
Despite Imperial Blue's significant
...More info on site
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