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E-Malt.com Flash 38a
September 16 - September 18, 2024
Quote of the Week
If you change the way you look at things, the things you look at change.
Wayne Dyer
Currency Rates
Base Currency: Euro
on September 18, 2024 |
Base Currency: US Dollar
on September 18, 2024 |
| |
1 EUR = 1.1124 USD
1 EUR = 0.8433 GBP
1 EUR = 1.5119 CAD
1 EUR = 1.6467 AUD
1 EUR = 157.0760 JPY
1 EUR = 6.1149 BRL
1 EUR = 101.5057 RUB
1 EUR = 7.8890 CNY
|
|
1 USD = 0.8988 EUR
1 USD = 0.7580 GBP
1 USD = 1.3592 CAD
1 USD = 1.4802 AUD
1 USD = 141.1990 JPY
1 USD = 5.4971 BRL
1 USD = 91.4292 RUB
1 USD = 7.0920 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| September 18, 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 | |
Feed Barley (FOB Creil) |
180.00-182.00 |  1.63% |
| 2RS Malt (FOB Antwerp) |
590.50-592.50 | |
| 6RW Malt (FOB Antwerp) |
578.00-580.00 | |
French Barley/Malt
Crop 2025
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
257.00-259.00 |  0.78% |
| 6RW Malting Barley (FOB Creil) |
240.00-242.00 | |
Feed Barley (FOB Creil) |
194.00-196.00 | 0.52% |
| 2RS Malt (FOB Antwerp) |
605.00-607.00 | 0.41% |
| 6RW Malt (FOB Antwerp) |
584.00-586.00 | |
German Malting Barley
Crop 2023
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
nq | |
 No change;
 Price increase;
 Price decrease versus last publication.
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Click here to see our Market Prices History.
Vietnam: Beer production down 4% in January-August as brewers struggle with declining profits
...Click here
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Malaysia: Carlsberg Brewery Malaysia’s focus on premium brands paying off despite soft consumer market
...Click here
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France: Farm ministry lowers soft wheat, barley output estimate for 2024
...Click here
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Canada: Barley production expected to fall by 14.7% year over year in 2024, wheat crop to increase by 4.1%
...Click here
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Australia: Both malting and feed barley exports down in July
...Click here
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UK: Beer prices set to skyrocket due to poor barley harvest
...Click here
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South Africa: South African Breweries reiterate calls for revised approach to excessive beer excises increases
...Click here
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Europe: Independent European brewers come together in new group
...Click here
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UK & Ireland: Boortmalt appoints new chief executive in Ireland and the UK
...Click here
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Albania: Imported beer continues to gain market share in Albania
...Click here
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Germany: Schlussle Bier, one of Bavaria’s oldest breweries, forced to cease operations
...Click here
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Graph of the week
Table of the week
Canada Malt Exports 2019-2023
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
16 September
1905 - Roald Amundsen discovers Magnetic South Pole
1906 - William Crapo Durant incorporates General Motors in Janesville Wisconsin
1908 - The General Motors Corporation is founded
17 September
2000 - The International Monetary Fund issues its World Economic Outlook report, forecasting that "growth is projected to increase in all major regions of the world, led by the continued strength of the U.S. economy, the robust upswing in Europe, the consolidation of the recovery in Asia and the rebound from last year's slowdown in emerging markets." Just weeks later, most regions of the world are tilting toward recession
18 September
1837 - Tiffany and Co. (first named Tiffany & Young) is founded by Charles Lewis Tiffany and Teddy Young in New York City
1842 - 1st edition of Pittsburgh Post-Gazette is published
1851 - The first edition of The New York Daily Times, which later became The New York Times,is published
1955 - The Ford Motor Company produced its 2,000,000th V-8 engine on this day, 23 years after the first Ford V-8 was manufactured
Agenda
September 2024:
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)
September 2025:
15 - 19: Drinktec 2025 (Munich, Germany)
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Malt News
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UK & Ireland: Boortmalt appoints new chief executive in Ireland and the UK
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International malting firm Boortmalt has appointed Stuart Sands as its new chief executive for Ireland and the UK, Irish Examiner reported on September 17.
Mr Sands joins Boortmalt with extensive experience in the food and beverage sector and deep knowledge of the British and Irish markets.
The group's chief executive Yvan Schaepman commented: "We are thrilled to welcome Stuart to the Boortmalt team. His proven track record and passion for the industry will be invaluable as we continue strengthening our position as the global leader in malt production. We look forward to Stuart leading our business in the UK and Ireland through the next growth phase."
Globally, the malting company has a production capacity of three million tonnes, with a presence across five continents with 27 malting plants, including its Minch Malt plant in Athy, Co Kildare.
Ireland and Britain are key regions for the firm, with strategically located malting plants that serve both domestic and international markets, ensuring efficiency in production and supply chain management.
Mr Sands was previously chief executive of Anglia Maltings (Holdings) Ltd, comprised of Crisp Malt, EDME, and Micronized Food Products. Anglia Maltings (Holdings) operated facilities across Europe servicing brewing, distilling, craft and food customers internationally.
Before that, he worked in
...More info on site
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Brewery News
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Vietnam: Beer production down 4% in January-August as brewers struggle with declining profits
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Beer production fell by 4% year-on-year in the first eight months of 2024 as breweries struggled with declining profits, an industry association leader has
...More info on site
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Malaysia: Carlsberg Brewery Malaysia’s focus on premium brands paying off despite soft consumer market
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Carlsberg Brewery Malaysia Bhd’s strategy of focusing on its premium brands is paying off even as the soft consumer market and inflationary pressures have
...More info on site
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UK: Beer prices set to skyrocket due to poor barley harvest
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The price of a pint in the UK is set to skyrocket as a beer shortage looms on the horizon, and it comes down to one typically British reason, Joe.co.uk reported on September 17.
Following on from what looks to be a poor yield of the key ingredient to create the golden nectar, beer might become in short supply, driving its already rising price further upwards.
In fact, 2024’s barley harvest is expected to be one of the worst harvests since detailed records began in 1983 with farmers expected to only be able to produce a fifth of what they normally supply.
This has ultimately been put down to a lack of sunshine.
Furthermore, yields have been hit by the amount of wheat being planted falling by a tenth, with two thirds of farmer saying they have lost money.
Waterlogging in fields throughout winter and spring have damaged many crops.
Mike Wilkins, a farmer in Wiltshire who lost around half his yield, told the BBC: “We have lost thousands and thousands of pounds this year, it has been catastrophic.”
Of course, the beer scientists among us will know that less wheat equals less beer – devastating news.
Ultimately this means that brewers will have to spend more on
...More info on site
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South Africa: South African Breweries reiterate calls for revised approach to excessive beer excises increases
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Government is disproportionately reliant on the beer-making industry for excise duties, which accounted for 34.7% of total excise revenues in the 2023/24 financial year, JSE-listed beer maker South African Breweries (SAB) has said, Engineering News reported on September 16.
Over the past few years, the company has made repeated appeals to government to reconsider its approach to beer taxation policies.
In a report on the burden of unpredictable excise taxes and high inflation on beer producers and consumers in South Africa, of which the key findings were published on September 16, it was pointed out that the trajectory in excise duties on beer had evolved significantly, often increasing above projected inflation, consumer price index (CPI) inflation outcomes and retail prices, which had led to higher prices for consumers, elevated production expenses and unpredictability for producers.
The full report, compiled for SAB by Oxford Economics Africa, will be published later this month.
The key findings indicate that a 1% increase in beer prices above inflation consistently results in a 0.9% decline in demand for the beverage.
“Sharp increases in excise duties during periods of high inflation and weak economic growth can dampen consumption, productive potential and fiscal receipts,” Oxford Economics Africa lead economist: Africa consulting Deon
...More info on site
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Europe: Independent European brewers come together in new group
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A pan-European group of trade associations and representatives have joined forces to promote independent brewing, Beer Today reported on September 16.
The Independent Brewers of Europe (IBE) aims to campaign against injustices in the beer market and to defend the diversity of independent beer.
The new group comprises national associations of independent breweries from ten European countries: Germany, Finland, France, United Kingdom, Italy, the Netherlands, Austria, Poland, Switzerland, and the Czech Republic.
“Many of the challenges we face in the UK are shared amongst our friends in Europe, and so it makes sense for us to work more closely together to exchange information and tackle them,” said Andy Slee, chief executive of the UK’s Society of Independent Brewers and Associates (SIBA).
“As in the UK, beer across Europe is dominated by a handful of global companies and we need to ensure that independent breweries can survive and there is a great range of beers available which celebrates our diversity.”
Earlier in the year, the members came together in Vienna to discuss the issues facing the independent beer sector and ways to work together. This was hosted by the Independent Breweries of Austria, which formed three years ago.
Chair, Hubert Stöhr, said: “We want to cooperate across
...More info on site
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Albania: Imported beer continues to gain market share in Albania
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Imported beers continue to expand in the Albanian market, while the demand for local beer remains limited even in the summer months, Albanian Daily News reported on September 17.
For the seven months of 2024, the share of imported beer in the Albanian market has reached 60%, from 42% that was in 2016, according to Customs data.
About 40% of the demand for beer is covered by Albanian production. The situation was similar a year ago.
In January 2023, imported beers occupied 59% of the market and 41% of products came from imports. The increase in the share of imported beer has been influenced by the loss of competitiveness of domestic beer, according to domestic producers. Adrian Kostaqi, the administrator of the Korça and Tirana breweries, told Monitor that with the increase in excise duty, the sales prices are almost the same as the prices of imported beers.
According to him, with these sales prices, the producers cannot cover the costs, as the increase in prices would automatically reduce consumption. He claims that this is leading domestic production to complete collapse.
The new law was appealed to the Constitutional Court by the Association of Producers and Traders of Alcoholic Beverages requesting the partial repeal of
...More info on site
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Germany: Schlussle Bier, one of Bavaria’s oldest breweries, forced to cease operations
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One of Bavaria's oldest breweries, Schlussle Bier, is forced to cease operations due to losses. It has been on the market for 334 years, local media reported.
„At the end of the year we will stop producing beer”, they say in an official statement from Schlussle Bier. The reasons for this are entirely economic. "Maintaining a brewery requires a large investment. With the current increase in costs and the general decrease in beer consumption, it is unprofitable to continue operating”, said Schlussle Bier.
"Beer consumption is falling, but raw material and energy prices are rising. We have suffered losses in the brewing business for 10 years now. Meanwhile, beer production is approaching the 100,000-liter mark - that's a third less than in 2018,” brewery owner Christa Zoller told newspaper Bild am Sonntag.
Fizzy drink prices need to be twice what they are now to have enough money to buy new equipment. “Bureaucracy also makes it difficult for us. In these conditions, every entrepreneur thinks about whether he wants to continue being self-employed, Zoller emphasized. The brewery also has a restaurant and a beer hall, which are not expected to be closed.
The Schlussle Bier brewery was founded in 1690 in Neu Ulm. It is
...More info on site
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Barley News
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France: Farm ministry lowers soft wheat, barley output estimate for 2024
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France's farm ministry on September 17 again lowered its estimate of the country's 2024 soft wheat output, now expected 27% below last year's volume,
...More info on site
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Canada: Barley production expected to fall by 14.7% year over year in 2024, wheat crop to increase by 4.1%
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Canada is projected to produce 34.3 million tonnes of wheat in 2024, up 4.1% from 2023, even as overall conditions for all crops generally
...More info on site
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Canada: Barley stocks up 72.6% as of July 31
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Statistics Canada released its report on stocks of major crops as of July 31st, 2024.
It shows total stocks of canola and barley were up
...More info on site
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Australia: Both malting and feed barley exports down in July
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Australia exported 310,686 tonnes of barley and 411,463t of sorghum in July, according to the latest data from the Australian Bureau of Statistics, Grain Central reported on September 16.
Feed barley exports in July at 113,852t fell 77 percent from the June total of 485,077t, while malting barley exports at 196,834t fell 18pc from 239,422t in June.
Sorghum exports bucked the downtrend, surging 72pc from the 238,675t shipped in June, with China once again the market for nearly all the volume, and Taiwan on 4995t the only other volume customer.
China likewise was the biggest buyer by far of July-shipped feed barley with 101,248t, with Thailand on 4215t and Vietnam on 3105t and the second and third-biggest markets respectively.
In contrast to the barley-buying pattern of recent months, China’s malting imports from Australia on 185,389t greatly exceeding its feed imports.
Vietnam on 4921t and Singapore on 3132t were Australia’s second and third-biggest markets respectively for July-shipped malting barley.
Flexi Grain pool manager Sam Roache said barley shipments dropped in line with expectations as Australia’s runs to record tight carryout stocks after what could well be the second-largest or largest barley export year on record.
“China market share for the month was very high at 90pc plus, with
...More info on site
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