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E-Malt.com Flash 42a
October 14 - October 16, 2024
Quote of the Week
Many battles have been fought and won by soldiers nourished on beer.
Frederick the Great
Currency Rates
Base Currency: Euro
on October 16, 2024 |
Base Currency: US Dollar
on October 16, 2024 |
| |
1 EUR = 1.0897 USD
1 EUR = 0.8337 GBP
1 EUR = 1.5039 CAD
1 EUR = 1.6238 AUD
1 EUR = 162.7330 JPY
1 EUR = 6.1239 BRL
1 EUR = 105.1280 RUB
1 EUR = 7.7511 CNY
|
|
1 USD = 0.9175 EUR
1 USD = 0.7650 GBP
1 USD = 1.3800 CAD
1 USD = 1.4899 AUD
1 USD = 149.3230 JPY
1 USD = 5.6196 BRL
1 USD = 96.4710 RUB
1 USD = 7.1128 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| October 16, 2024 |
French Barley/Malt
Crop 2024
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
249.00-251.00 |  |
| 6RW Malting Barley (FOB Creil) |
238.00-240.00 |  0.84% |
Feed Barley (FOB Creil) |
190.00-192.00 |  1.04% |
| 2RS Malt (FOB Antwerp) |
595.00-597.00 | |
| 6RW Malt (FOB Antwerp) |
581.50-583.50 | 0.42% |
French Barley/Malt
Crop 2025
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
262.00-264.00 | |
| 6RW Malting Barley (FOB Creil) |
247.00-249.00 | 2.06% |
Feed Barley (FOB Creil) |
203.00-205.00 | 1.45% |
| 2RS Malt (FOB Antwerp) |
611.00-613.00 | |
| 6RW Malt (FOB Antwerp) |
593.00-595.00 | 1.05% |
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.
Thailand: Thai beer market braces for fierce competition
...Click here
|
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Belgium & The Netherlands: Brouwerij Martens announces acquisition of United Dutch Breweries
...Click here
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EU: Mahou San Miguel looking to expand international sales in continental Europe
...Click here
|
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Ethiopia: Heineken completes acquisition of Komari Beverages - report
...Click here
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World: Barley trade, crop forecasts down in USDA’s October report
...Click here
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Indonesia: Diageo expanding manufacturing facility in Indonesia
...Click here
|
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UK: Diageo’s Covent Garden brewery delayed until 2025
...Click here
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Graph of the week
Table of the week
UK Malt Exports 2020-2023
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
14 October
1773 - The first recorded Ministry of Education, the Commission of National Education, is formed in the Polish-Lithuanian Commonwealth
1888 - Louis Le Prince films first motion picture: Roundhay Garden Scene
15 October
1878 - Edison Electric Light Company incorporated
1908 - John Kenneth Galbraith is born, economist, Affluent Society-58 Hillman Award
1993 - Amstel brewery on Curacao produces 1,000,000,000th bottle
16 October
1922 - Disney Co founded
1923 - John Harwood patents self-winding watch (Switzerland)
1985 - Intel introduces 32-bit 80386 microcomputer chip
Agenda
October 2024:
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)
12 - 15: Great British Beer Festival Winter 2025 (Magna Science Adventure Centre, Rotherham, UK)
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)
June 2025:
10 - 11: IGC Grains Conference 2025 (116 Pall Mall, London, UK)
16 - 18: VLB Africa Brewing Conference 2025 (Maputo, Mosambique)
20 - 22: Mondial de la Biere 2025 (Montreal, Canada)
August 2025:
05 - 09: Great British Beer Festival 2025 (Birmingham, UK)
07 - 09: VIETFOOD & BEVERAGE - PROPACK VIETNAM 2025 (Saigon Exhibitions and Conventions Center, 799 Nguyen Van Linh Street, District 7, HoChiMinh City, Vietnam)
September 2025:
15 - 19: Drinktec 2025 (Munich, Germany)
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Brewery News
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Thailand: Thai beer market braces for fierce competition
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Thailand's 200-billion-baht beer market is poised for intensified competition as Chang, the country's second-largest brewer, has announced its bid to become the market leader.
...More info on site
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Belgium & The Netherlands: Brouwerij Martens announces acquisition of United Dutch Breweries
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Belgian family-owned Brouwerij Martens has acquired United Dutch Breweries, aiming to expand globally by leveraging their complementary strengths in brewing tradition, innovation, and market
...More info on site
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EU: Mahou San Miguel looking to expand international sales in continental Europe
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Spanish company Mahou San Miguel is looking to expand its international sales, eyeing up continental Europe with a €50m ($54.4m) investment plan, JustDrinks reported
...More info on site
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Iceland: Alcohol consumption down 4% in 2023
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According to the latest report from Statistics Iceland, alcohol consumption in Iceland decreased by 4% between 2022 and 2023, Iceland Review reported on October
...More info on site
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Ethiopia: Heineken completes acquisition of Komari Beverages - report
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Heineken Brewery has completed the acquisition of Komari Beverages, the supplier of Arada’s beverage products, marking a significant expansion of its presence in Ethiopia’s competitive beer market, Ethio Negari reported on October 13.
According to Capital newspaper, Arada Beer, a relatively new entrant in Ethiopia’s beer market, has quickly gained popularity among consumers.
The manufacturer, Komari Beverages, has successfully concluded negotiations to sell its factory to Heineken, solidifying the multinational’s growing influence in the country’s beverage sector.
Sources indicate that negotiations had been ongoing for several months. The two parties initially reached the final stage of talks in July 2024, but discussions were revisited following changes in the Ethiopian foreign exchange currency market that took effect the same month.
These changes likely impacted the terms of the deal, prompting both sides to reassess certain aspects before moving forward.
The official sale price is expected to be announced by the end of this month, with the formal handover of the factory taking place simultaneously.
Komari’s facility, located in the Cheki area of North Showa Zone in the Amhara Region, approximately 96 km northeast of Addis Ababa, has a production capacity of 27,000 bottles per hour.
The factory, which became operational just three years ago, was built by Ethiopian
...More info on site
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Namibia: AB InBev to brew Lion Lager in Namibia
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Anheuser Busch InBev (AB InBev), situated in Okahandja, announced that Lion Lager will soon be brewed in Namibia, Windhoek Observer reported on October 13.
The Minister of Industrialisation and Trade, Lucia Iipumbu, shared this information last week during the launch of the local production of Lion Lager in Okahandja.
“Initiatives like today’s launch will further bolster this sector, supporting the government’s goals of sustainable economic growth and industrialisation,” she said.
Iipumbu said the country, like many worldwide, continues to face the challenges posed by global economic fluctuations, underscoring the importance of attracting sustainable investment into the local economy.
According to her, AB InBev’s decision to expand its diversified local presence aligns with the Ministry of Industrialisation and Trade’s vision of broadening the country’s industrial base by enhancing local production capacity and reducing dependency on imports.
In 2023, AB InBev Namibia had set aside approximately N$65.4 million for the construction of solar thermal technology aimed at reducing 700 tonnes of carbon dioxide emissions annually.
She said that through its solar technology, AB InBev is pioneering innovation with new emission-free solar solutions at its Welwitschia brewery in Okahandja.
“These efforts are indeed complementary to Namibia’s green industrialisation and hydrogen production ambitions,” said the minister.
The Lion Lager brand is not
...More info on site
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UK: Diageo’s Covent Garden brewery delayed until 2025
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Diageo’s plans to open a 50,000 sq ft microbrewery and culture hub for Guinness in central London have been pushed into next year, after the lead contractor for the project fell into administration, The Grocer reported on October 15.
Beck Interiors, which was appointed by Diageo to fit out the £73m ‘Guinness at Old Brewer’s Yard’ venture in Covent Garden last November, was placed into administration in July, according to documents filed at Companies House.
Several of the construction firm’s assets, including a contract to upgrade The Dorchester hotel, were purchased in pre-pack deals, according to the administrator’s report.
However, The Grocer understands Diageo has had to seek out a new contractor following Beck’s collapse. This has forced it to push back its plan to open the site by this October.
“While delays are of course disappointing, they are common for substantial construction,” a spokesman for Diageo told The Grocer. “We remain very excited to open the doors of the Guinness Open Gate Brewery in London next year, reaching an even broader audience for Guinness than before.”
Asked if the delays had led to an increase in the cost of the project, the Diageo spokesman declined to comment.
The Grocer understands the disruption has also led
...More info on site
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Japan: Suntory plans to increase whisky prices
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Suntory Holdings CEO Takeshi Niinami has told Time magazine: “we have to brush up so that local consumers think that our brands are more premium than before, so that we can ask for higher prices”, The Drinks Business reported on October 14.
Niinami, who celebrates a decade as Suntory Holdings CEO this month, has revealed that the Japanese company plans to increase its whisky prices to keep up with a “higher tariff world”.
The CEO was asked about navigating “geopolitical headwinds”, particularly recent discussions about raising tariffs on whisky. In response, Niinami said: “First, we have to increase gross margins by efficient operation in our factories. And we have to brush up so that local consumers think that our brands are more premium than before, so that we can ask for higher prices. Second, we produce locally.”
Suntory Holdings, which celebrates 125 years of business this year, has grown to the third-largest spirits producer worldwide under Niinami’s tenure. The company — owner of Yamazaki Japanese whisky as well as Jim Beam, Maker’s Mark and Macallan — is now worth $11 billion.
Its CEO also shed light on the company’s focus on the ready-to-drink (RTD) category. He said: “For RTD, we can find co-partners and
...More info on site
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Barley News
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World: Barley trade, crop forecasts down in USDA’s October report
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Global barley trade forecast for 2024/25 is reduced to 27.184 mln tonnes in USDA’s October report, down from 27.859 mln forecast last month and
...More info on site
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Whisky News
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Indonesia: Diageo expanding manufacturing facility in Indonesia
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Diageo is expanding a spirits manufacturing facility in Indonesia that supplies a clutch of markets in Asia Pacific.
The company is adding 8,800 square metres to the site in Tabanan in Bali. Diageo declined to confirm on the current size of the facility and could not comment on how much capacity might increase.
Built in 2014, the factory produces Diageo’s Captain Morgan rum, Smirnoff and Smirnoff Ice vodkas, Gilbey’s gin and Bell’s Scotch whisky, for the Indonesian market.
In a statement, John O’Keeffe, president & CEO of Diageo’s Asia-Pacific division said: “The expansion of our strong supply hub in Bali is key to our wider regional strategy to better service customers and consumers across Asia-Pacific and contribute to Diageo’s global ambition.”
In 2021, the company also began exporting its Smirnoff and Captain Morgan spirits from the facility to Thailand, Timor Leste, the Philippines, Singapore and Malaysia.
Once operational, the newly expanded site is expected to help boost the Asia-Pacific unit’s “contribution to Diageo’s overall product sales and business worldwide”, the company said.
The expanded site is expected to open in the next 18 months, the Tanqueray gin maker told Just Drinks.
When construction is complete, the expanded site is also expected to be running on “95% less
...More info on site
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