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E-Malt.com Flash 37a
September 09 - September 11, 2024
Quote of the Week
Be sure you put your feet in the right place, then stand firm.
Abraham Lincoln
Currency Rates
Base Currency: Euro
on September 11, 2024 |
Base Currency: US Dollar
on September 11, 2024 |
| |
1 EUR = 1.1030 USD
1 EUR = 0.8434 GBP
1 EUR = 1.4983 CAD
1 EUR = 1.6566 AUD
1 EUR = 157.6190 JPY
1 EUR = 6.1905 BRL
1 EUR = 100.2870 RUB
1 EUR = 7.8518 CNY
|
|
1 USD = 0.9065 EUR
1 USD = 0.7646 GBP
1 USD = 1.3584 CAD
1 USD = 1.5018 AUD
1 USD = 142.8930 JPY
1 USD = 5.6125 BRL
1 USD = 90.9229 RUB
1 USD = 7.1187 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| September 11, 2024 |
French Barley/Malt
Crop 2024
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
245.00-247.00 |  |
| 6RW Malting Barley (FOB Creil) |
235.00-237.00 |  0.43% |
Feed Barley (FOB Creil) |
183.00-185.00 | 1.66% |
| 2RS Malt (FOB Antwerp) |
590.50-592.50 | |
| 6RW Malt (FOB Antwerp) |
578.00-580.00 | 0.21% |
French Barley/Malt
Crop 2025
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
255.00-257.00 | 1.19% |
| 6RW Malting Barley (FOB Creil) |
240.00-242.00 |  0.41% |
Feed Barley (FOB Creil) |
193.00-195.00 | 0.52% |
| 2RS Malt (FOB Antwerp) |
602.50-604.50 | 0.62% |
| 6RW Malt (FOB Antwerp) |
584.00-586.00 | 0.21% |
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.
EU: Malt exports start 2024/25 crop year on strong pace
...Click here
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USA: January-July and July alone domestic tax paid beer shipments decline in the US
...Click here
|
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USA: Latest US beer data rather disappointing with all categories below critical Index level of 50
...Click here
|
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UK: On-trade beer and cider market estimated at GBP13.5 bln
...Click here
|
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Vietnam: Sabeco planning acquisition of additional stake in local brewer Sabibeco Group
...Click here
|
Australia: Barley prices are mostly stable with crop forecast increased to 12.2 mln tonnes
...Click here
|
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Argentina: Barley crop forecast unchanged at 5.2 mln tonnes
...Click here
|
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USA: Barley farmers scramble as beer loses share to hard seltzer
...Click here
|
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Canada: Barley and corn prices trading near five year lows throughout spring and summer
...Click here
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Germany: Hop harvest expected to be higher in both quality and quantity this year
...Click here
|
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The Netherlands & Greece: Heineken forced to defend damages claims from commercial rivals in Greece
...Click here
|
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UK: Carlsberg takeover of Britvic investigated by competition watchdog
...Click here
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Brazil: Beer prices down both in bars and retail trade in July
...Click here
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USA, WA: John I. Haas Inc. announce successful startup of new hop farm and harvest facility in Washington
...Click here
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Singapore: Singapore continues to be an important and growing Asian beer market
...Click here
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USA, CO: New Belgium assumes production of premium Japanese Kirin Ichiban and Kirin Light beers
...Click here
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Graph of the week
Table of the week
World Hops Area and Production 2019 - 2023
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
09 September
1776 - Continental Congress renames "United Colonies" as "United States"
1839 - John Herschel takes the first glass plate photograph
1940 - George Stibitz pioneers the first remote operation of a computer
1947 - First case of a computer bug being found: A moth lodges in a relay of a Harvard Mark II computer at Harvard University
10 September
1845 - King Willem II opens Amsterdam Stock Exchange
1846 - Elias Howe is granted a patent for the sewing machine
1894 - London taxi driver George Smith is 1st fined for drunk driving
1997 - Discovery buys Travel Channel for $20 million
2008 - The Large Hadron Collider at CERN, described as the biggest scientific experiment in history, is powered up in Geneva, Switzerland
11 September
1910 - 1st commercially successful electric bus line opens (Hollywood)
1946 - 1st mobile long-distance car-to-car telephone conversation
2001 - Terrorist attacks on America at the World Trade Center Towers in New York City and The Pentagon in Washington kill nearly 3000 people
Agenda
September 2024:
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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Malt News
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EU: Malt exports start 2024/25 crop year on strong pace
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The pace of European (EU-27) malt exports started the 2024/25 crop year on a rather strong pace, versus the previous three crop years, RMI
...More info on site
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Brewery News
|
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USA: January-July and July alone domestic tax paid beer shipments decline in the US
|
The Beer Institute recently published an unofficial estimate of domestic tax paid shipments by beer brewers for July 2024.
The July 2024 estimate is
...More info on site
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USA: Latest US beer data rather disappointing with all categories below critical Index level of 50
|
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The latest US beer data is rather disappointing with all product categories falling below the critical Index level of 50, except Imports, which at
...More info on site
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UK: On-trade beer and cider market estimated at GBP13.5 bln
|
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The size of the total UK on-trade beer and cider market has grown to £13.5bn, a new report from Heineken has found, The Morning
...More info on site
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Vietnam: Sabeco planning acquisition of additional stake in local brewer Sabibeco Group
|
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Ho Chi Minh City-based Sabeco, controlled by Thai Beverage, plans to acquire an additional 37.8 million shares, or a 43.2% stake, in local brewer
...More info on site
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The Netherlands & Greece: Heineken forced to defend damages claims from commercial rivals in Greece
|
Heineken faced a major legal reckoning in a Netherlands court last week, as the beer giant finally answers claims from rivals, including MTB, of institutionalized market abuse in Greece, Business Wire reported on September 9.
The Dutch multinational’s court appearance on Tuesday (3 September, 2024) followed years of legal wrangling in the Netherlands and Greece and numerous failed attempts by Heineken to get the case thrown out.
The €160 million+ claim brought by Macedonian Thrace Brewery (MTB), an independent Greek competitor, could create a dangerous precedent for Heineken, which faces a near identical claim from Carlsberg. Heineken has been sanctioned repeatedly for market abuses in the EU and elsewhere around the world.
In 2015, the Greek competition authority ruled that Heineken’s subsidiary Athenian Brewery bullied and cajoled retailers and wholesalers in Greece to favour its products and to suppress competition between 1998 and 2014, in breach of European and Greek antitrust laws. Heineken denies any knowledge of Athenian Brewery’s anticompetitive conduct and still refuses to acknowledge that it broke any law in Greece, despite these abuses having been confirmed on appeal at every level. The company, headquartered in the Netherlands, disclosed in its last Annual Report that it had recognised a potential liability
...More info on site
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UK: Carlsberg takeover of Britvic investigated by competition watchdog
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A competition watchdog has begun an investigation into Carlsberg's £3.3 bln agreement to buy soft drinks company Britvic, best known for Robinsons squash and J2O, BBC reported on September 10.
The Danish brewer said it wanted create a single beverage company called Carlsberg Britvic to grow its business in the UK and western Europe.
However, Competition and Markets Authority (CMA) has been investigating potential concerns that it could reduce competition across the UK market.
Britvic, external, which is based in Hemel Hempstead, Hertfordshire, had previously rejected a £3.1bn bid, but both companies announced an agreement in July.
The two drinks giants said the integration of Carlsberg's array of beers with Britvic's soft drinks would create an "enlarged international group" that could expand into "multiple drinks sectors".
The CMA said it planned on gathering information before kickstarting a formal investigation.
CMA is a competition watchdog which looks into concerns such as whether a merger or takeover could result in market dominance at the expense of consumers with higher prices, lower quality products or less choice for customers.
People have been invited to have their say on the potential impact it could have on competition in the UK and submit their thoughts to the watchdog.
Carlsberg, external, which also owns
...More info on site
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Brazil: Beer prices down both in bars and retail trade in July
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According to data from the National Statistics Institute (IBGE), in July the price of beer fell both in bars and in retail trade. The average value of the product fell by 0.13% in supermarkets and 0.05% in bars and restaurants, FreshlyBottled.com reported on September 3.
Despite this drop, the accumulated inflation of beer in 2024 is still above the IPCA. So far this year, beer inflation in retail trade was 3.2%, and in bars and restaurants, 3.4%, compared to 2.9% of the IPCA in the same period.
The scenario is similar in the last 12 months, where average beer prices increased by 5.04% in retail trade and 4.85% outside the home, while general inflation was 4.5%.
Salvador (northeast) recorded the highest increase in the price of beer at retail (+1.7%), while outside the home, São Paulo had the highest increase (+1.2%). On the other hand, Campo Grande presented the highest deflation of beer at retail, with a fall of 2.2%.
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Singapore: Singapore continues to be an important and growing Asian beer market
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Singapore continues to be an important and growing Asian market, according Will Julius, managing director of Lion Brewery, one of Singapore’s first and largest craft breweries, according to a FoodNavigator Asia report.
The brewery, which also operates internationally, attributes the local craft beer scene’s vibrancy to an evolving appreciation for diverse and high-quality beer options among both consumers and bar owners.
It already has five core range beers available in both supermarket and retail and on-trade settings, as well as 20 to 25 other beers on tap at its own local brewery location.
Its beers have also successfully expanded their presence to five other international markets, comprising the United Arab Emirates, the United Kingdom (UK), Hong Kong, Macau, and Indonesia; and it also produces and exports from both Singapore and the UK.
However, Julius, expressed concerns about the restrictive practices of larger commercial beer companies in Singapore, alleging that some impose exclusive contracts on bars and hotels, which can hinder the entry of craft beer products into these venues. This not only makes it hard to supply these venues and sell products, but also reduces consumer awareness of craft products which is vital to supporting growth in the sector.
There also regulatory challenges facing craft
...More info on site
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USA, CO: New Belgium assumes production of premium Japanese Kirin Ichiban and Kirin Light beers
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Having converted to MicroStar’s shared-keg model in 2018, New Belgium will now add Kirin’s line of premium Japanese beers in order to benefit from a more cost-efficient, sustainable and flexible keg supply chain solution, Yahoo Finance reported on September 9.
Kirin brands will be available in MicroStar-branded kegs in the U.S. beginning in January 2025.
These brands bring additional scale and growth to the New Belgium platform, complementing the #1 U.S. craft brand family by volume. Kirin joins the rapidly growing Voodoo Ranger portfolio, Fat Tire – America’s first certified carbon neutral beer and all of Bell’s highly-acclaimed brands including Two Hearted IPA - frequently voted the best beer in America - and Oberon Ale.
“We are committed to adopting human-powered business practices in everything we do, and this extends to how we choose our supplier partners,” said Shaun Belongie, New Belgium’s CEO. “MicroStar’s teams share our values and operate like an extension of our breweries which is incredibly important as we continue to grow. Additionally, MicroStar’s dense global network of shareable kegs shortens the distance empty kegs travel compared to the traditional owned keg model, lowering our greenhouse gas emissions supporting our sustainability mission.”
“Having worked closely with New Belgium
...More info on site
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Barley News
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Australia: Barley prices are mostly stable with crop forecast increased to 12.2 mln tonnes
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Conditions remain very favourable for most of Australia, with further rains in Victoria, Western Australia, and a part of New South Wales. South Australia
...More info on site
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Argentina: Barley crop forecast unchanged at 5.2 mln tonnes
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Barley crop conditions have improved further from good rains across key growing areas of Chile, Argentina, Uruguay, and southern Brazil. There are reports of
...More info on site
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USA: Barley farmers scramble as beer loses share to hard seltzer
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Don Nygaard, a third-generation farmer in a remote corner of North Dakota, used to grow malt barley for Rahr Malting Corporation to make into
...More info on site
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Canada: Barley and corn prices trading near five year lows throughout spring and summer
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Barley and corn prices have been trading near five-year lows throughout the spring and summer. Despite the year-over-year decline in Canadian barley and U.S.
...More info on site
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Hops News
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Germany: Hop harvest expected to be higher in both quality and quantity this year
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Germany’s total hop yield for 2024 is forecast to hit 48,964 tons, about 19% higher than in 2023 and about 55% larger than 2022’s
...More info on site
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USA, WA: John I. Haas Inc. announce successful startup of new hop farm and harvest facility in Washington
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John I. Haas Inc. (Haas®), a global leader in the hop industry, announced on September 6 the successful startup of its new hop farm and harvest facility in Washington’s Wenas Valley. With an eye on the future, this operation marks a significant expansion in growing operations for the company, underscoring its commitment to innovation and excellence in hop cultivation and production.
The new facility, named in honor of the historic Longmire home located on the property, is expected to harvest a limited amount of acreage this season using state-of-the-art picking technology. The equipment at the Longmire Ranch incorporates refined designs that offer enhanced hop quality preservation and improved operational efficiencies.
“The startup has gone quite smoothly,” said Pete Mahony, Vice President of Supply Chain and Purchasing for John I. Haas. “From presenting the original vision to preparing for this first harvest, it has been a long and rewarding experience for everyone involved in the project. It is a strategic, long-term investment and will serve our company and our customers very well for decades to come.”
The Longmire Ranch will complement Haas’ flagship farm in Toppenish, WA, with a visitor-friendly environment for brewing industry guests and advances in sustainable growing practices. Its location in
...More info on site
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