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E-Malt.com Flash 41b
October 10 - October 13, 2024
Quote of the Week
The greatest use of a life is to spend it on something that will outlast it.
William James
Currency Rates
Base Currency: Euro
on October 11, 2024 |
Base Currency: US Dollar
on October 11, 2024 |
| |
1 EUR = 1.0933 USD
1 EUR = 0.8368 GBP
1 EUR = 1.5016 CAD
1 EUR = 1.6248 AUD
1 EUR = 162.7800 JPY
1 EUR = 6.1098 BRL
1 EUR = 106.0200 RUB
1 EUR = 7.7351 CNY
|
|
1 USD = 0.9145 EUR
1 USD = 0.7654 GBP
1 USD = 1.3734 CAD
1 USD = 1.4860 AUD
1 USD = 148.8760 JPY
1 USD = 5.5883 BRL
1 USD = 96.9703 RUB
1 USD = 7.0748 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| October 11, 2024 |
French Barley/Malt
Crop 2024
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
249.00-251.00 |  |
| 6RW Malting Barley (FOB Creil) |
236.00-238.00 | |
Feed Barley (FOB Creil) |
192.00-194.00 | |
| 2RS Malt (FOB Antwerp) |
595.00-597.00 | |
| 6RW Malt (FOB Antwerp) |
579.00-581.00 | |
French Barley/Malt
Crop 2025
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
262.00-264.00 | |
| 6RW Malting Barley (FOB Creil) |
242.00-244.00 | |
Feed Barley (FOB Creil) |
206.00-208.00 | |
| 2RS Malt (FOB Antwerp) |
611.00-613.00 | |
| 6RW Malt (FOB Antwerp) |
586.50-588.50 | |
German Malting Barley
Crop 2023
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
221.00-223.00 |  1.27% |
 No change;
 Price increase;
 Price decrease versus last publication.
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Click here to see our Market Prices History.
Mexico: Mexico maintains position as the world’s leading beer exporter
...Click here
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Japan: Sales of beer and quasi-beer products shrink 22% in September
...Click here
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USA: Growing number of imported beer brands now being produced domestically in the US
...Click here
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USA: Tilray Brands looking into potential consolidation of its US breweries
...Click here
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Canada: Barley crop forecast slightly reduced as harvest wraps up amid wet conditions
...Click here
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Australia: Australia remains most competitive origin for malting barley despite higher prices
...Click here
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Argentina: Barley crop development on very good pathway in Argentina
...Click here
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Australia: Malting barley exports fractionally down in August
...Click here
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Japan: Japanese whisky sales starting to moderate after exploding in demand a decade ago
...Click here
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Australia: Tax Office’s new definition of beer could shake up the industry
...Click here
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UK: Diageo plans redevelopment of its Talisker Scotch whisky distillery
...Click here
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Graph of the week
Table of the week
Slovenia Hops Area, Yields, and Production 2021-2023
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
10 October
1993 - Paolo Gucci, entrepreneur/accessories designer, dies at 64
1995 - Robert E. Lucas awarded Nobel Prize in economics
2006 - Google buys YouTube.com for $1.6 billion
11 October
1617 - Franchois Vranck, economist/writer (Deduction), dies at about 62
1844 - Henry John Heinz is born. He founded the H. J. Heinz Company
1868 - Thomas Edison patents his 1st invention: electric voice machine
1887 - A. Miles patents elevator
12 October
1492 - Columbus arrives in Bahamas (real Columbus Day)
1918 - 1st use of iron lung (at Boston's Children Hospital). The iron lung is called a negative pressure ventilator. It enables a person to breathe when normal muscle control has been lost
1935 - Luciano Pavarotti born in Modena, Italy
13 October
1884 - Greenwich established as universal time meridian of longitude
1971 - Intel Corp. goes public on NASDAQ
1987 - Walter H Brattain, U.S. physicist (transistors, Nobel 1956), dies at 85
Agenda
October 2024:
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 - 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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Brewery News
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Mexico: Mexico maintains position as the world’s leading beer exporter
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Mexico has consolidated its position as a world-renowned brewing power by maintaining its position as the leading beer exporter since 2010 and now occupies
...More info on site
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Japan: Sales of beer and quasi-beer products shrink 22% in September
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Sales of beer and quasi-beer products in Japan shrank by an estimated 22 pct from a year earlier in September, data from four major brewers showed on October 10.
Sales were hit by the fallout from a liquor tax hike for beer-like "third-segment" alcoholic beverages and price increase for "happoshu" low-malt quasi-beer products in October last year, as well as by a commercial demand decline due to unfavorable weather conditions including typhoon-caused downpours.
Sales volume fell 25 pct at Kirin Brewery Co., 24 pct at Suntory Spirits Ltd. and 10 pct at Sapporo Breweries Ltd. Asahi Breweries Ltd. posted a 19 pct drop in value.
By product, sales of beer dropped 2 pct and those of "happoshu" plunged 21 pct. Meanwhile, third-segment sales tumbled 46 pct, extending their losing streak to 24 months.
"Overall sales are expected to show a turnaround in October as the adverse effects of the tax hike and happoshu markups would dissipate, although the third segment's slump is likely to continue," a company official said.
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USA: Tilray Brands looking into potential consolidation of its US breweries
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Canada-based cannabis and beverage company Tilray Brands is studying plans for a potential consolidation of its US breweries.
Tilray has built a presence in the US beer market through M&A, including its August purchase of four breweries from Molson Coors and a clutch of beer brands from Anheuser-Busch InBev last year.
Speaking to analysts following the publication of the group’s fiscal first-quarter results CEO Irwin Simon said: “If we have to consolidate some of our facilities, which we’re right now looking at, we ultimately will.”
The Tilray CEO said the company is drawing up plans to reduce the number of beers in its range.
“If we have a pumpkin beer, we’ll have a pumpkin beer, you know, in similar flavours for Montauk, for Blue Point,” he told analysts. “We’re not going to have all these multiple different formulas out there with a lot of complexity. We’re looking at how we take our tail off our brand. We’re looking at how to take complexity out of our business. We’re going to do some SKU rationalisation.”
In the three months to the end of August, the net revenue Tilray generated from its beverage-alcohol division, including M&A, more than doubled, reaching $56m. The business accounted for 28% of
...More info on site
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USA: Growing number of imported beer brands now being produced domestically in the US
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What’s driving craft beer acquisition? International breweries. And it’s not just to create wide-ranging multinational sources of revenue. At a time when import sales are on the rise, some leading European and Japanese brands are actually using their U.S. beer acquisitions as a way to expand the footprint for their flagship products, BevNET.com reported on October 8.
Put simply, a growing number of imported brands are being produced domestically.
It’s happened over the last two years, as several imported beer brands have pushed to increase their availability and create production efficiencies through their purchased facilities.
In 2022, Brewbound first broke the news that Japanese beer maker Sapporo would be acquiring San Diego, California-based craft brewer Stone Brewing in a $165 million deal. The purchase combined Japan’s oldest beer brand with a top-10 craft brewer and top-20 overall U.S. brewery.
Stone produced more than 320,000 barrels of beer in 2023, and still has many craft loyalists still hanging onto its portfolio. However, what seems to have attracted Sapporo to the craft brewery isn’t optimism for a bounceback of the craft segment, but rather its multiple production facilities and open capacity.
In May, Stone-Sapporo – the new joint entity – unveiled details of a three-part expansion plan,
...More info on site
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Australia: Tax Office’s new definition of beer could shake up the industry
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Australia’s brewing industry is facing a potential shake-up due to a proposed change to the definition of beer by the Australian Tax Office (ATO). This move could see drinks like seltzers, craft beers, and certain lagers reclassified under a higher tax category, which may lead to significant price increases at pubs, 4RO reported on October 9.
The ATO’s new draft definition focuses more on the final product, including its bitterness, alcohol content, and appearance, rather than just the brewing process. If implemented, many beverages currently classified as beer may be moved into the “other excisable beverages” category, subjecting them to a higher excise duty. This could see prices surge for drinks that Aussies commonly enjoy at their local pubs.
For small independent brewers, this reclassification could be devastating. Industry voices have warned that increased costs could hurt an already vulnerable sector, with many struggling to stay afloat in the current economic climate. The fear is that small breweries could face closure, unable to absorb the tax hikes or pass them on to already cash-strapped consumers.
Pub-goers, already grappling with the rising cost of living, may find the cost of a night out becoming even more unaffordable. With the potential for beer prices to
...More info on site
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Barley News
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Canada: Barley crop forecast slightly reduced as harvest wraps up amid wet conditions
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The remaining 5-10% of barley harvest encountered widespread and, in areas, significant amounts of rainfall over the past two weeks. A silver lining to
...More info on site
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Australia: Australia remains most competitive origin for malting barley despite higher prices
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The combination of limited rainfall and the addition of a significant frost event has reduced a bit the optimism for barley crop development in
...More info on site
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Argentina: Barley crop development on very good pathway in Argentina
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Crop conditions continue to advance on a very good pathway in Argentina, with further recent rain, adding to the ideal growing season conditions. On
...More info on site
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UK: Barley harvest up 2.7% in 2024
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Wet weather has taken its toll on wheat production in England, with the crop initially estimated to be 10 million tonnes in 2024, down
...More info on site
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Australia: Malting barley exports fractionally down in August
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Australia exported 309,597 tonnes of barley and 293,946t of sorghum in August, according to the latest data from the Australian Bureau of Statistics.
Barley exports
...More info on site
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Whisky News
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Japan: Japanese whisky sales starting to moderate after exploding in demand a decade ago
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After exploding in demand a decade ago, Japanese whisky sales have started to moderate as more brands enter the market, according to retailers, The Spirits Business reported on October 10.
It’s been nearly 10 years since Suntory’s Yamazaki Sherry Cask 2013 took the top accolade in the Whisky Bible in 2015. Since then, demand has skyrocketed for Japanese whisky but producers have struggled to keep up due to production constraints. However, in recent years, brands have been able to increase production while newer players have joined the fold, alleviating the stress on the category and widening choice for consumers.
In July 2023, spirits retailer Amathus Drinks reported a 186% increase in Japanese spirits sales since 2019, however “growth in high-value Japanese whisky in the past year plateaued due to demand outstripping supply”. Amathus’ triple-digit growth was driven by House of Suntory’s centenary releases, which also boosted the brand owner’s 2023 full-year sales.
More recently, Japanese spirits retailer Dekantā has seen demand for Japanese whisky sit at a stable rate, according to operations director Liam Hiller. The online retailer has been able to fulfil demand as more brands and retailers of Japanese spirits come into the market, Hiller explains.
“We’re seeing sales tracking in line
...More info on site
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UK: Diageo plans redevelopment of its Talisker Scotch whisky distillery
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Diageo has proposed a redevelopment of its Talisker Scotch whisky distillery in the Isle of Skye, Yahoo Finance reported on October 10.
The distillery, based in Carbost on the Minginish Peninsula on the Isle of Skye in Scotland was founded in 1830 but is set to be revamped by the UK spirits giant.
In a Proposal of Application Notice (PAN) made last week, Diageo said the development would include the "demolition of existing production facilities" with the view to construct a new distillery and "expand" Talisker's "existing output".
It added that the rebuild would incorporate “sustainable technologies, with associated support facilities at the site, together with all associated infrastructure, including new access, drainage, outfall, road improvement and landscaping works”.
A Diageo spokesperson said: “As a business we continually review our production footprint in support of our long-term growth ambitions for Scotch and the Proposal of Application Notice (PAN) for Talisker Distillery allows us to explore and evaluate potential options.
“A public consultation will form part of the PAN however at this point in time we have no firm plans for investment. Details of the public consultation arrangements will be shared in due course where the community will be able to view these proposals and provide
...More info on site
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