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E-Malt.com Flash 46a
November 11 - November 13, 2024
Quote of the Week
Freedom is nothing but a chance to be better.
Albert Camus
Currency Rates
Base Currency: Euro
on November 13, 2024 |
Base Currency: US Dollar
on November 13, 2024 |
| |
1 EUR = 1.0625 USD
1 EUR = 0.8302 GBP
1 EUR = 1.4817 CAD
1 EUR = 1.6236 AUD
1 EUR = 163.8160 JPY
1 EUR = 6.1204 BRL
1 EUR = 103.8580 RUB
1 EUR = 7.6813 CNY
|
|
1 USD = 0.9410 EUR
1 USD = 0.7813 GBP
1 USD = 1.3945 CAD
1 USD = 1.5279 AUD
1 USD = 154.1680 JPY
1 USD = 5.7603 BRL
1 USD = 97.7472 RUB
1 USD = 7.2294 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| November 13, 2024 |
French Barley/Malt
Crop 2024
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
243.00-245.00 |  0.41% |
| 6RW Malting Barley (FOB Creil) |
228.00-230.00 | 0.88% |
Feed Barley (FOB Creil) |
186.00-188.00 |  4.10% |
| 2RS Malt (FOB Antwerp) |
588.50-590.50 | 0.21% |
| 6RW Malt (FOB Antwerp) |
570.00-572.00 | 0.43% |
French Barley/Malt
Crop 2025
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
252.00-254.00 | 0.80% |
| 6RW Malting Barley (FOB Creil) |
238.00-240.00 |  |
Feed Barley (FOB Creil) |
193.00-195.00 | 0.51% |
| 2RS Malt (FOB Antwerp) |
599.00-601.00 | 0.41% |
| 6RW Malt (FOB Antwerp) |
581.50-583.50 | |
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.
EU: Malt export trade continues to face weak demand
...Click here
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Ireland: Boortmalt to start expansion works at its Kildare malthouse this month
...Click here
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Nigeria: Nigeria’s brewers incur retained losses in January-September 2024, analysis shows
...Click here
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Malaysia: Heineken Malaysia remains cautious about its outlook due to ongoing economic volatility
...Click here
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Vietnam: Suntory sees January-September Vietnam revenue rise to $749 mln
...Click here
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USA: Market share of beer in glass bottles falls again in 2023
...Click here
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World: Barley production, trade forecasts down in USDA’s November report
...Click here
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EU & UK: Barley crop forecast unchanged at 57.7 mln tonnes
...Click here
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North America: Canada barley production forecast steady at 7.8 mln tonnes
...Click here
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Canada: Barley export prices slightly down despite stronger domestic market
...Click here
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Australia: Australian barley prices feeling some downward pressure
...Click here
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Argentina: Both malting and feed barley prices slightly down in Argentina
...Click here
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Mexico: Barley industry facing serious challenges due to drought
...Click here
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Ukraine: Barley harvest totals 5.6 mln tonnes from 1.4 mln ha this year
...Click here
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The Netherlands: Heineken invests €45 million in global R&D centre
...Click here
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Denmark: Carlsberg prepares its first beer with regeneratively grown raw materials
...Click here
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Brazil: Heineken installs its first glass recycling centre in Brazil
...Click here
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UK: Wetherspoons pubs to stop selling San Miguel beer
...Click here
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Graph of the week
Table of the week
China Malt Imports 2018 - 2023
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
11 November
1493 - Columbus discovers Saba
1925 - Robert Millikan announces discovery of cosmic rays
1988 - Oldest known insect fossils (390 million years) reported in Science
1993 - Bill Gates buys Leonardo da Vinci's "Codex" for $30,800,000
12 November
1765 - Robert Fulton is born. He invents the world's first practical steamboat in 1807, and for the first time humans can safely travel substantial distances without relying on animals or wind
13 November
1851 - Telegraph connection between London-Paris linked
1893 - Edward A Doisy Sr is born, U.S. bio-chemist, Vitamin K1, Nobel 1943
1910 - 1st modern elastic brassiere patented by Mary Phelps Jacob
Agenda
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 - 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 - 17: Copenhagen Beer Festival 2025 (Copenhagen, Denmark)
16 - 18: Cerveza Mexico Expo 2025 (Expo Guadalajara, Jalisco, Mexico)
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)
20 - 05 October: Oktoberfest 2025 (Munich, Germany)
27 - 29: Whisky Live Paris 2025 (Paris, France)
October 2025:
16 - 17: Brew Asia 2025 (Bangkok, Thailand)
November 2025:
10 - 12: 15th Iberoamerican VLB Symposium Brewing & Filling Technology (Parana, Brasil)
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Malt News
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EU: Malt export trade continues to face weak demand
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A weak demand situation continues to hang over Europe’s malt export trade and is impacting crop’24 shipments, RMI Analytics said in their early November
...More info on site
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Ireland: Boortmalt to start expansion works at its Kildare malthouse this month
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Boortmalt has announced a significant expansion of its Minch Malt production facility at its Kildare plant. This expansion is set to increase the Athy
...More info on site
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Brewery News
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Nigeria: Nigeria’s brewers incur retained losses in January-September 2024, analysis shows
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Brewers incurred retained losses in the nine months of 2024 due to naira devaluation, BusinessDay analysis shows.
Three out of four brewers analysed recorded negative
...More info on site
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Malaysia: Heineken Malaysia remains cautious about its outlook due to ongoing economic volatility
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Heineken Malaysia Bhd, which saw a 28.6% increase in net profit for the third quarter ended Sept 30 (3Q24), remains cautious about its outlook
...More info on site
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Vietnam: Suntory sees January-September Vietnam revenue rise to $749 mln
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Japan-based brewing and distilling firm Suntory, a partner in Vietnam-based Suntory PepsiCo Vietnam Beverage Co. Ltd., earned in-country revenues of JPY116 billion ($749.2 million)
...More info on site
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USA: Market share of beer in glass bottles falls again in 2023
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Glass bottles’ share of the U.S. beer packaging mix fell again in 2023, according to 2024 estimates shared by the Beer Institute. That substrate’s prominence in beer has been on the decline for the last decade, barring a slight uptick in 2022.
The Beer Institute, a national trade association representing large and small American brewers, importers and industry suppliers, says it has tracked beer packaging trends since 1981, using information from major brewers, the U.S. Department of Commerce, the Can Manufacturers Institute and the Glass Packaging Institute.
The group noted that in 2023, the national breakdown for beer packaging was 64.1% in aluminum cans, 26.9% in glass bottles, and 8.9% draft. For imported beer specifically, more than half (55%) was packaged in glass bottles, with 40% in cans and 5% on draft.
On a state-by-state basis in 2023, Maryland had the highest proportion of beer sold in glass bottles at 35.9%, with 56.1% in metal cans and 8% on draft. Arkansas had the highest proportion in metal cans at 75.3%, with 20% in glass bottles and 4.7% on draft.
Overall, beer shipments dropped off in 2023, according to the group’s data. Beer shipments totaled about 191.8 million in 2023, down from 202.2 million in
...More info on site
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The Netherlands: Heineken invests €45 million in global R&D centre
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Heineken has revealed it has invested €45 million in a new global research and development centre in the Netherlands, The Drinks Business reported on November 12.
The plans for the construction of the site in Zoeterwoude – named the Dr. H.P. Heineken Centre – will cover an area of 8,800 m² and employ staff from across 12 countries with a planned opening date of around mid-2025.
Speaking to the drinks business, Heineken’s director of research and development Hubert te Braake said: “In the Dr. H.P. Heineken Centre, we will work from our science foundation and combine with the craftmanship of our master brewers to create products that are both exciting but also natural, sustainable and healthy for consumers.”
The centre is also being positioned to play a crucial role in Heineken’s innovation and growth strategy for brands such as Heineken, Desperados and Amstel and will include offices, laboratories, a model service centre and sensory research and packaging development department.
The plan is for the team to also work with the brewer’s global R&D network, which includes hubs in Mexico, South Africa and Southeast Asia.
Braake told db: “Research and development fosters innovation, ensuring Heineken remain competitive and anticipate future needs. We are working on groundbreaking
...More info on site
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Denmark: Carlsberg prepares its first beer with regeneratively grown raw materials
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Carlsberg Denmark has entered into an agreement with DLG and Viking Malt to purchase Danish malt barley grown according to regenerative principles. The malt barley will be used for a specially brewed Carlsberg, which will be available in 2025 and be Carlsberg's first beer in Denmark with regenerative raw materials, the company announced on November 11.
As part of its sustainability strategy, Together Towards ZERO and Beyond, Carlsberg Group has committed to sourcing all raw materials according to regenerative principles by 2040. This transition will benefit both climate and the environment.
The first Danish example of this transition will be seen in the new year, as Carlsberg Denmark has just purchased malting barley grown according to regenerative principles. These principles include no- or low-tillage cultivation, soil covered for 95% of the year, at least three crops on the same plot over five harvest seasons and avoiding overuse of synthetic fertilisers and pesticides by using the minimum required by the crop. The purchase was made in connection with this year's harvest from 100 hectares across two farms in Zealand.
The parties expect to deliver up to 500 tonnes of malt to Carlsberg's breweries in Copenhagen and Fredericia. This means up to 3.3 million litres
...More info on site
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Nigeria: Guinness Nigeria announces prices hike
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Guinness Nigeria, a major beverage maker, has announced an upward review in the prices of some products, TheCable reported on November 11.
In a memo dated November 8, and signed by Olusanya Adesanya, its commercial director, the Guinness said the price adjustments would take effect from today, November 11.
Guinness Nigeria is a producer of both alcoholic and non-alcoholic beverages such as Guinness, Malta Guinness, amongst others.
“This is to inform you of the price change on some of our BEER SKUs/brands effective Monday November 11, 2024, as shown in the table below,” the memo reads.
“This is due to the prevailing economic realities which have impacted significantly on our current cost of doing business.
“Whilst appreciating your valued partnership, please be assured of our commitment to continue to support your distribution efforts as usual.”
Speaking on the new products’ prices; the company said a crate of large Guinness will cost N13,590 for wholesalers, N14,070 for retailers, and N1,300 per bottle.
For medium Guinness, the organisation said wholesalers will now pay N16,230 for a crate, retailers will pay N16,610, and a bottle will cost N1,100.
“Small Guinness (Wholesalers N17,570, Retailers N18,020, and per bottle N900); FES Can (Wholesalers N23,580, Retailers N23,965, and per bottle N1,100); Orijin Can (Wholesalers
...More info on site
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Brazil: Heineken installs its first glass recycling centre in Brazil
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The Heineken Group has installed its first glass recycling centre in Brazil, Glass International reported on November 11.
With an initial investment of R$ 8 million, the facility, already installed in Jaboatão dos Guararapes, in Greater Recife, will be responsible for processing thousands of tons of glass annually.
The global brewer recently invested R$ 1.2 billion in its brewery in Igarassu, in the Recife Metropolitan Region.
Heineken’s Vice President of Sustainability and Corporate Affairs, Mauro Homem, said Pernambuco was chosen because of the competence and openness that the entire state government team demonstrated to Heineken.
The company’s goal is to collect glass from all possible areas to increase the material’s collection nationwide.
“We only recycle 20% of all glass in Brazil, so 75% is still available to be recycled. We would like to collect glass wherever it may be—in condominiums, public buildings, large generators, in commerce. Not only in Pernambuco, but also in other states,” he said.
The facility will focus on providing proper treatment for post-consumer packaging glass. In partnership with Ambipar, the company will also sell the material to the glass industry, creating a circularity cycle and generating income.
The companies anticipate that the investment in the glass processing system will generate 60 direct and
...More info on site
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UK: Wetherspoons pubs to stop selling San Miguel beer
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Wetherspoons will soon stop selling a major beer brand recently voted the nation’s favourite, sparking outrage amongst pundits, The Independent reported on November 12.
From November, the massive pub chain will no longer serve San Miguel, the popular Spanish pale lager. Pundits will instead be offered the Italian Poretti, at less than £4 a pint in most locations.
Founded in 1890 in Manila, Phillipines, San Miguel was named the nation’s favourite beer in a YouGov poll from the start of October.
Mahou San Miguel (MSM), the brand’s Spanish wing, was set up in 1953 and has been partnered with Carlsberg Marston’s Brewing Company (CMBC) for the past 15 years.
However, this partnership will dissolve at the end of the year, with many speculating this to be a factor in Wetherspoon’s executive’s decision.
Speaking about the end of the license deal, CMBC chief executive Paul Davies said: “Naturally, we are disappointed by the decision, and are working to mitigate the impact on our business.”
“We are incredibly proud of our many achievements over more than 15 years with MSM, massively driving distribution and significantly growing San Miguel brand volume.”
The news comes after outspoken Wetherspoons boss Tim Martin warned at the start of the month that price rises
...More info on site
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Barley News
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World: Barley production, trade forecasts down in USDA’s November report
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World barley trade is forecast to amount to 26.489 mln tonnes in 2024/25, down from last month’s forecast of 27.184 mln tonnes and from
...More info on site
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EU & UK: Barley crop forecast unchanged at 57.7 mln tonnes
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Production across the EU-27 and the UK is unchanged at 57.7 mln tonnes and attention has turned to crop’25, with a focus on winter
...More info on site
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North America: Canada barley production forecast steady at 7.8 mln tonnes
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Looking ahead to crop’25, rainfall across North America’s main barley-growing areas has been mixed with western Canada, eastern Montana and North Dakota missing large
...More info on site
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Canada: Barley export prices slightly down despite stronger domestic market
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Despite a slightly stronger domestic market, Canadian barley export prices are down slightly, and remain competitive globally, although demand is virtually non-existent, RMI Analytics’
...More info on site
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Australia: Australian barley prices feeling some downward pressure
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With harvesting advancing, barley prices are feeling some downward pressure, and for malting barley, Australia remains the cheapest origin globally, RMI Analytics said in
...More info on site
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Argentina: Both malting and feed barley prices slightly down in Argentina
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Prices for both malting and feed barley are down slightly for crop’24 in Argentina, mainly in step with the global price direction and also
...More info on site
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Australia: 2023-24 barley exports up 11.7%
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Australia’s grain-marketing season concluded at the end of September, and with last week’s release of that month’s export data by the Australian Bureau of
...More info on site
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Mexico: Barley industry facing serious challenges due to drought
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Barley production in Mexico is facing serious challenges due to drought caused by climate change, which could have a negative impact on the national brewing industry. Mexico is one of the leading barley exporters and efforts are underway to adopt regenerative cultivation methods to withstand extreme weather conditions, UkrAgroConsult reported on November 8.
The Altiplano, the main barley producing region supplying the brewing industry, produces an average of 481,000 tons of barley per year, representing 93% of the country’s total production. However, changes in rainfall in recent years have reduced yields, from 769 mm in 2021 to 589 mm in 2023. In the current agricultural cycle, of the 102,000 ha planted to barley, 4,200 ha were affected by drought and yields were only 1.78 t/ha, below the required break-even level of 2.7 t/ha.
The brewing industry, which accounts for 1.6% of Mexico’s GDP and supports more than 700,000 jobs, is being jeopardized. The recent Cultivando un México Mejor (Growing a Better Mexico) initiative by CIMMYT and Heineken aims to introduce new technologies and sustainable agricultural practices, which has shown positive results such as water savings and increased yields. Experts emphasize the importance of adapting and training farmers in new methods to cope
...More info on site
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Ukraine: Barley harvest totals 5.6 mln tonnes from 1.4 mln ha this year
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Ukrainian farmers harvested over 68.9 million tonnes of new grain and oilseed crops from 18.9 million hectares of farmland as of November 8, compared to 66.7 million tonnes from 18.6 million hectares a week before, Interfax reported on November 8.
In particular, they harvested 49.9 million tonnes of grain (47.2 million tonnes a week before) and 19 million tonnes of oilseeds (18.8 million tonnes), Ukrainian media reported with reference to the Agrarian Policy and Food Ministry on Friday.
Farmers have finished harvesting wheat, gathering 22.3 million tonnes from 4.9 million hectares, with a yield of 4.24 tonnes per hectare, 5.6 million tonnes of barley from 1.4 million hectares with a yield of 3.92 tonnes per hectare, 470,400 tonnes of peas from 212,200 hectares with a yield of 2.19 tonnes per hectare, and 3.5 million tonnes of rapeseed from 1.3 million hectares with a yield of 2.73 tonnes per hectare, it said.
They are continuing to harvest corn, having gathered 20.2 million tonnes (18.3 million tonnes a week before) from 3.3 million hectares (83% of the target), 127,200 tonnes of buckwheat (126,900 tonnes) from 87,800 hectares (99%), and 160,300 tonnes of millets (160,200 tonnes) from 86,500 hectares (93%).
Farmers in 16 regions across Ukraine have
...More info on site
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